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353 <br /> <br />the Order Authorizing $7,271,000.00 Refunding Bonds and authorized the <br />Clerk to advertise the public hearing. <br /> The Sworn Statement of Debt as submitted by Mr. Blair D. Bennett, <br />Finance Director, is as follows. <br /> <br />WATER & SEWER DISTRICT OF CABARRUS COUNTY, 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 of the Water & Sewer District of <br />Cabarrus County, North Carolina, having been designated by the Board of <br />Commissioners for said District to make and file with the District Clerk a <br />statement of the debt of said Water & Sewer District of Cabarrus County <br />pursuant to The Local Government Bond Act, as amended, DO HEREBY CERTIFY <br />that the following is a true statement as shown by the books in my office, <br />not taking into consideration any debt incurred or to be incurred in antici- <br />pation of the collection of taxes or other revenues or in anticipation of <br />the sale of bonds other than funding and refunding bonds: <br /> <br />(a) GROSS DEBT <br /> <br />a(1) Outstanding debt evidenced by bonds: <br /> Electric Bonds ............... $ .......... <br /> Gas Bonds .............................. <br /> Public Improvement Bonds <br /> (including $ <br /> Bonds and $ Bonds) .......... <br /> Sanitary Sewer Bonds .......... <br /> Water Bonds ................... <br /> Water and Sewer Bonds <br /> (including $ Water <br /> Bonds and $ Sanitary <br /> Sewer Bonds) .......................... <br /> Other bonds ............................. <br /> <br />7,271,000 <br /> <br />$7,271,00'0. <br /> <br />a(2) Bonds authorized by an order introduced on <br /> May 9, 1988, but not yet adopted: <br /> Refunding Bonds ............................ <br />a(3) Unissued bonds authorized by adopted orders: <br /> Water Bonds ............................ <br /> Sanitary Sewer Bonds ................... <br /> Other bonds ........................... <br />a(4) Outstanding debt, not evidenced by <br /> bonds: .......................................... <br /> (a) GROSS DEBT, being the sum of a (1), a(2), <br /> a(3) and a(4) ................................... <br /> <br />$7,271,000. <br /> <br />$14,542,000 <br /> <br />(b) DEDUCTIONS <br /> <br />b(1) Funding and refunding bonds <br /> authorized by orders introduced <br /> but not yet adopted, including the <br /> order introduced on May 9, 1988 ................. <br /> <br />$ 7,271,000 <br /> <br />b(2) Funding and refunding bonds <br /> authorized but not yet issued .................... <br /> <br />b(3) The amount of money held in sinking <br /> funds or otherwise for the payment <br /> of any part of the principal of gross <br /> debt other than debt incurred for <br /> water, gas, electric light or power <br /> purposes, or sanitary sewer purposes <br /> (to the extent that the bonds are <br /> deductible under G.S. §159-55(b) <br /> or two or more of said purposes .................. <br /> <br />b(4) Bonded debt included in gross debt <br /> and incurred, or to be incurred, <br /> <br /> <br />