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153
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<br /> AdJorned meeting - July 13, 1953 with the following business -
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<br /> An adjourned regular meeting of the Bo~d of Commissioners f~ the County of Cabarrus, Nerth
<br />Carolina, convened at the County Courthouse in Concord, North Carolina, the regular place of
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<br />meeting, at 10:00 o'clock, A. M. July 13, 1953.
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<br /> Present: Chairman J. Lee.White and
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<br /> Commissioners, Homer E. Fink, P. Ernest Stallings, and M. S. Lyles
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<br /> Absent: L. Boatman Barrier
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<br /> Co.missioner M. S. Lyles introduced the fo]lowing bond order which was read:
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<br /> ~ A~t~96,000 REFUND~G BONDS
<br /> BE IT ORDERED AND RE~OLVED by the Board of Co~.~sioners fer theCounty of Cabarrus:
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<br /> 1. That~ bonds of the County of Cabarrus, North Carolina, shall be issued, pursuant
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<br />to the County Finance Act, as amended, in an amount not exceeding $20,000 for the purpose of re--
<br />funding a lime amount of the principal of valid subsisting bonded indebtedness of said County
<br />which was incurred before January 1, 1929 for the construction of roads and bridges in ~aid county
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<br />and is evidenced by $~he following:
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<br /> $20,000 Road and Bridge Bonds, dated June 1, 1924,
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<br /> maturing June 1, 19~.
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<br /> 2. That bonds cf the County of Cabarrus, North Carolina, shall be issued, pursuant to
<br />The County Finance Act, as amended, in an amount not exceeding $4,000 for the purpose of refunding
<br />a ~ amount of the principal of valid subsisting bonded indebtbdness of said County which was
<br />incurred for Necessary expenses of said County and is evidenced by the fo]lowing:
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<br /> $4,000 Courthouse Bonds, dated March 1, 1953,
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<br /> maturing March 1, 1954.
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<br /> 3. That bonds of the County of Cabarrus, North Carolina, shall be issued, pursuant to
<br />The County Finance Act, as ~, in an amount not exceeding $72,000 for the pan-pose of refundis
<br />a like amount of the p~incipal of valid subsisting bonded indebtedness of said County which was
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<br />incurred by the Board ef Commissioners (~as an administrative agent of the State in providing a
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<br />State system of public schools) for maintaining the ccm~tutional six months' school term ar~ is
<br />evidenced by the following:
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<br /> $10,000 School Bonds, dated October 1, 1927,
<br /> maturing October 1, 1953,
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<br /> $15,000 School Building Bc~ds, dated Dec~-mber 1, 1937,
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<br /> maturing DStember 1, 1953,
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<br /> $1,000 School Building Bond, dated June 1, 1945,
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<br /> maturing June 1, 1954,
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<br /> $6,000 School Building Bonds, dated November 1, 1945,
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<br /> maturing May 1, 1954,
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<br /> $16,000 School Building Bonds, ~aries A, da~ d September 1, 1948,
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<br /> Maturing March 1, 1954,
<br /> Scho Bonds, B, dated 1, 1948,
<br /> maturing March 1, 195~,
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