BC 1963 04 16 - Laserfiche WebLink

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155 The Cabarrus County Board of County Commissioners met at with the following memtmrs present: C. Frank James, Chairman , M. Smoot Lyles, G. l~c~tl' ~Petrea, Oren J. Hill, and W. Frank McCray. The meetiog was called to order by Mr. James and he introducted H. E. Cline, representing the County School Board. He reviewed the budget of the County Schools and requested $3:million dollars for new high schools in the county. Mr. A. W. Thomas representing the Concord City Sch~)ots~rewuested $2.4 million dollars for new additions to the Concord School System. Mr. Sam Stroup representing the Ksnnapolts School Board requested $1,26h,500. for the Kannapolis School System. Totals for all schools combined was $6,66h,500. :. The Concord Chamber of Commerce indorsed the City'SchOOl Boards-pr~posa~ of~2.4 million for school bond issue. ~.. ..... · The following resolution was made: .~ RESOLUTION CF THE BOARD CF COMMISSIONERS ' (F CABARRUS COUNTY .. On motion of Frank McCray, seconded by Oren Hill, the following resolution was adopted: WHEREAS: the school authorities of Cabarrus County have adViSed the Board of Commissioners of said county that there is need for large capital expenditures for school purposed in the estimated amount of $6,664,500. and WHEREAS, in order to finance the program it will be necessary to have a bo~d i~sUe, which amount will exceed the present statutory debt limitation, :thereby making it necessary .that an enabling act be passed by the ~eneral Assembly: NOW, THEREFCR, B~ IT RESOLVED: 1. That the Honorable Clyde L. Propst, Jr. State Senator, and Honorable Dwivht W.-Qutnn, member of the House of Representatives from Cabarrus"County, be-and they are' hereby requested to introduce and to cause to be enacted into law for the aforesaid 'p%irposes a bii~.~utheriZtn§ a bond issue in the maximum ag§re§ate principal amount of $6,000,O00.;'%hat said biTT'~tsy b~ i~ the words and figures as follows: " AN ACT PERMITTIM3 CABARRUS COUNTY TO AUTHCRIZB BONDS FOR SCHOfL PI~C~ES IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT CF SIX MILLION DOLLARS NOTWITH, STAIkI)IN3 THE LIMITATION (iF DEBT FCR SUCH PURPC~ES IN'THE COUNTY FINAI~CE ACT."' The ~eneral Assembly of North Carolina do enact: Section 1. That, pursuant to the provisions of The County Finance Act (Article 9 - of Chapter 153 of the GerE ral Statutes of North CarOlina} 'the-Board of~Comm~issfoner~ for the County of Cabarrus, North Carolina, is hereby authorized and empowered to pass a bond order or bond orders authorizing the issuance of bonds of said county for school purposes as pro vided in clause (a) of Section 153-77 of said ~eneral Statutes, in the maximum ag§revate principal amount of $6.;OOO,OOO..,notwithstandfn9 any limitation contained in Section 153-87 of said General Statutes. Section 2: That all laws and clauses of laws in conflict with the provisions of this Act are hereby repealed.