BC 1986 09 22 - Laserfiche WebLink

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534 purchaser or purchasers thereof, at such prices as said Commission determines to be in the best interest of the Issuer, subject to the approval of the Board of Commissioners for Cabarrus County, North Carolina as the governing body of the Issuer. The Clerk of said Board is hereby directed to'transmit immediately a certified copy of this resolution to the Local Government Commission of North Carolina. Section 9. If the bonds are awarded to a purchaser other than the FmHA, the bonds will be delivered in such authorized denominations and registered in such names as the purchaser may request no later than five days prior to the date of their delivery. If the purchaser fails to submit such information by the required time, then a single bond will be issued for each maturity date registered in the name of the purchaser or the senior manager of the bidding group constituting the purchaser. Section 10. If the bonds are awarded to a purchaser other than the FmHA, there shall be printed on the reverse of each of the bonds the legal opinion of Brown & Wood, bond counsel to the Issuer, with respect to the validity of the bonds, and there shall be printed immediately following such legal opinion a certificate bearing the facsimile signature of the Chairman of the Board of Commissioners for Cabarrus County, North Carolina, as the governing body of the Issuer, said certificate to be in substantially the following form: I HEREBY CERTIFY that the foregoing is a true and correct copy of the legal opinion on the bonds therein described which was manually signed by Brown & Wood, New York, N.Y., and was dated as of the date of delivery of and payment for said bonds. IFacsimile signature] Chairman of the Board of Commissioners for Cabarrus County Section 11. This resolution shall take effect upon its passage. Thereupon Commissioner Hamby moved the passage of the foregoing resolution entitled: "RESOLUTION PROVIDING FOR THE ISSUANCE OF $7,271,000 WATER BONDS", and Commissioner Payne seconded the motion and the resolution was passed by the following vote: Ayes: Lentz Noes: Commissioners Hamby, Payne, Barnhardt, and Upright and Chairman None I, Frankie F. Small, Clerk to the Board of Commissioners for Cabarrus County, North Carolina, as the governing body of the Water and Sewer District of Cabarrus County, DO HEREBY CERTIFY that the foregoing is a true copy of so much of the proceedings of said Board at a special meeting held on September 22, 1986 as relates in any way to the issuance of bonds of the Water and Sewer District of Cabarrus County, and that said proceedings are recorded in Minute Book No. 19 of the minutes of said Board, beginning at page 522 and ending at page 535. I DO HEREBY FURTHER CERTIFY that the Chairman of said Board duly notified or caused to be notified each member of said Board of said meeting and that, at least forty-eight hours before said meeting, notice of said meeting, signed by the Chairman of said Board and stating that a special meeting of said Board would be held at 5:00 P.M. on September 22, 1986 in the Commissioners' Meeting Room of the County Courthouse in Concord, North Carolina, concerning the passage of a resolution providing for the issuance of $7,271,000 Water Bonds of the Water and Sewer District of Cabarrus County, North Carolina was posted on the principal bulletin board of said Board and mailed or delivered to each newspaper, wire service, radio station, television station and person that had filed with me a written request for notice pursuant to G.S. §143-318.12.