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35
<br />
<br /> Thereupon the Finance Officer filed with the Clerk to the Board of
<br />Commissioners, in the presence of the Board of Commissioner, the sworn
<br />statement of debt as so required.
<br /> Thereupon the order entitled: "ORDER AUTHORIZING $14,500,000 WATER
<br />BONDS" was passed on first reading.
<br /> On motion duly made, seconded and unanimously carried, the Board of
<br />Commissioners fixed 7:00 P.M., February 16, 1987 in the Commissioners'
<br />Meeting Room in the County Courthouse in Concord, North Carolina, as the
<br />hour, day and place for the public hearing upon the foregoing order and
<br />directed the Clerk to the Board of Commissioners to publish said order,
<br />together with the appended statement as required by The Local Government Bond
<br />Act, as amended, once in The Concord Tribune and The Daily Independent not
<br />later than the sixth day before said date.
<br />
<br /> UPON MOTION of Chairman Lentz, seconded by Commissioner Payne and
<br />unanimously carried, the Board approved the Order Authorizing $14,500,000
<br />Water Bonds for Cabarrus County as stated above.
<br /> Chairman Lentz acknowledged receipt of the following sworn statement of
<br />debt as submitted by Mr. Blair D. Bennett, Finance Director.
<br />
<br />COUNTY OF CABARRUS, NORTH CAROLINA
<br />
<br />SWORN STATEMENT OF DEBT MADE PURSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Blair D. Bennett, Finance Officer for the County of Cabarrus, North
<br />Carolina, having been designated by the Board of Commissioners for said
<br />County to make and file with the Clerk to the Board of Commissioners, a
<br />statement of the debt of said County pursuant to The Local Government Bond
<br />Act, as amended, DO HEREBY CERTIFY that the following is a true statement as
<br />shown by the books in my office, not taking into consideration any debt
<br />incurred or to be incurred in anticipation of the collection of taxes or
<br />other revenues or in anticipation of the sale of bonds other than funding and
<br />refunding bonds:
<br />
<br /> (a) GROSS DEBT
<br />a(1) Outstanding debt evidenced by bonds:
<br /> County Courthouse Bonds ..........
<br /> Public Building Bonds ...........
<br /> School Building Bonds, Series A..
<br /> School Building Bonds, Series B..
<br /> School Building Bond ............
<br /> School Bonds, Series A ...........
<br /> School Bonds, Series B ...........
<br /> Other bonds .....................
<br />
<br />$ 875,000
<br />340,000
<br />485,000
<br />510,000
<br />25,000
<br />2,125,000
<br />4,400,000
<br />
<br />$ 8,760,000
<br />
<br />a(2) Bonds authorized by an order introduced on
<br /> February 2, 1987, but not yet adopted:
<br /> Water Bonds .....................
<br />
<br />a(3) Unissued bonds authorized by adopted orders:
<br />
<br />a(4) Outstanding debt, not evidenced by
<br /> bonds:
<br />
<br />(a) GROSS DEBT, being the sum of a (1),
<br /> a(2), a(3) and a(4) .....................
<br />
<br /> (b) DEDUCTIONS
<br />b(1) Funding and refunding bonds
<br /> authorized by orders introduced
<br /> but not yet adopted .....................
<br />
<br />b(2) Funding and refunding bonds
<br /> authorized but not yet issued ...........
<br />
<br />$14,500,000
<br />$ -0-
<br />
<br />$23,260,000
<br />
<br />
<br />
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