BC 1962 08 13 - Laserfiche WebLink

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5. That this order shall take effect thir ty days after the first publication thereof after final passage, unless in the meantime a petition for its submission to the voters is filed ~nder said Act, and that in such event it shall take effect when approved by the voters of ~ounty at an election as provided in said Act. The Board thereupon designated t~ County Accountant as the officer to make and file with th~ Clerk the statement of debt and assessed valuation oE the County as required by The County Finance Act, as amended, to be filed before the final passage of'the order which was introduced at this meeting. Thereupon the County Accountant filed with the Clerk, in the presence of the Board, the tatement of debt and assessed valuation as so required. The order authorizing $125,000 School ~ildin§ Bonds was thereupon passed on first reading. On motion:~duly made and unanimously carried t~he Board fixed 10 o'clock A M, August 27, 1962, as the hour and date for the public hearing upon the foregoing order, and directed the Clerk ko publish said order, together with the appended note as required by The County Finance Act, as amaneded, in The Concord Tribune, Inc., not later than the tenth day before said date. CABARRUS COUNTY STATEMENT CONCERNING SCHOOL INDEBTEDNESS. I, J~H. Harwa~d, County Accountant of Cabarrus County, North Carolina, do make and file the following statement of the financial condition of said County, having been designated by the Board )f Commissioners for that purpose. Said statement includes a statement of debt incurre4 and to be inclurred for school purposes under orders either introduced or passed, whether evidenced by bonds, notes or otherwise, and whether incurred by original creation of the debt or by assumption of debt, including debt incurred by the County Board of Education, and including debt to the State or any department thereof, but not including o~ligattons incurred tomeet appropriations in anticipatio~ ~f rever~es to an amount not exceeding the amount of thelast preceding tax levy for school purposes (A) The assessed valuation of property as last fixed for eounty taxation .............................. $128,520,046. iB) Outstanding School Debt ................. $4,130,000. c) Bonded Debt to he incurred under orders either passed or introduced: School Building Bonds ............... $ 125,0OO d) The sum ofitems (h) and (c) ..................................... $ 4,255,000. [e) School sinking funds, being money or investments tl~reof pledged and held for the payment of principal of outstandin§ school debt ................... $ 198,890. If) School credits, b~ing principal sums owing to the County from school districts which are pledged to and when collected will be used in the retirement of outstanding school debt .................. $ none g) Amount of unissued funding and refunding school bonds included in gross debt .......................... $ none h) The sum of items (e), (f) and (g) ............................. $ 198,890.00 i) Wet school debt, being the sum by which item (d) exceeds item (h) ...................................... $ 4,056,110.