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<br />
<br /> Thereupon the order entitled: "ORDER AUTHORIZING $81,000,000.00 SCHOOL
<br />BONDS" was passed on first reading.
<br />
<br /> On motion duly made, seconded and unanimously carried, the Board of
<br />Commissioners fixed 4:30 P.M., March 7, 1994, in the Commissioners' Meeting Room
<br />in the Cabarrus County Governmental Center in Concord, North Carolina, as the
<br />hour, day and place for the public hearing upon the foregoidg order and directed
<br />the Clerk to the Board of Commissioners to publish said order, together with the
<br />appended statement as required by The Local Government Bond Act, as amended, once
<br />in The Charlotte Observer (Gabarrus Neighbors Edtt~op), The Concord Tribune and
<br />The Daily Independent not later than the sixth day before said date.
<br />
<br /> The motion was made by Commissioner Fennel, seconded by Commissioner Casper
<br />and unanimously carried to adopt the "Order Authorizing $81,000,000.00 School
<br />Bonds" as set forth above.
<br />
<br /> The Sworn Statement of Debt as submitted by Mr. Blair Bennett, Finance
<br />Director was as follows.
<br />
<br />COUNTY OF CABARRUS, NORTH CAROLINA
<br />
<br />SWORN STATEMENT OF DEBT MADE PLTRSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Blair D. Bennett, Finance Officer for the County of
<br />Cabarrus, North Carolina, having been designated by the Board of
<br />Commissioners for said County to make and file with the Clerk to the
<br />Board of Commissioners, a statement of the debt of said County
<br />pursuant to The Local Government Bond Act, as amended, DO HEREBY
<br />CERTIFY that the following is a true statement as shown by the books
<br />in my office, not taking into consideration any debt incurred or to
<br />be incurred'in anticipation of the collection of taxes or other
<br />revenues or in anticipation of the sale of bonds other than funding
<br />and refunding bonds:
<br />
<br />a(1)
<br />
<br /> (a) GROSS DEBT
<br />Outstanding debt evidenced by bonds:
<br />
<br />County Courthouse Bonds .........
<br />Public Building Bonds ...........
<br />School Building Bonds ...........
<br />Water Bonds .....................
<br />Refunding Bonds .................
<br />School Bonds ....................
<br />Technical College Bonds .........
<br />Water Bonds .....................
<br />School Bonds ....................
<br />
<br />$ 75 000
<br />50 000
<br />875 000
<br />5,750 000
<br />27,910 000
<br />3,775 000
<br />350 000
<br />2,550 000
<br />2,400,000
<br />
<br />43,735,000
<br />
<br />a(2) Bonds authorized by an order introduced on
<br /> February 21, 1994, but not yet adopted:
<br />School. Bonds ..................................
<br />
<br />81,000,000
<br />
<br />a(3) Unissued bonds authorized by
<br /> adopted orders ........................
<br />
<br />-0-
<br />
<br />a(4) Outstanding debt, not evidenced by bonds:
<br />
<br />4/30/93 A.L. Brown School ...........
<br />1/1/94 Governmental Center ..........
<br />10/1/93 Various Equipment -
<br /> First Union National Bank .......
<br />1/1/92 Various Equipment -
<br /> Wachovta Bank & Trust ...........
<br />
<br /> 928,871
<br />4,635,000
<br />
<br />349,580
<br />
<br />385,29~
<br />
<br />6,298,745
<br />
<br />(a) GROSS DEBT, being the sum of a(1),
<br /> a(2), a(3) and a(4) .......................
<br /> (b) DEDUCTIONS
<br />b(1) Funding and refunding bonds authorized
<br /> by orders introduced but not yet
<br /> adopted ...................................
<br />
<br />131,033,745
<br />
<br />-0-
<br />
<br />
<br />
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