2. That taxes shall be levied in an amount sufficient to pay the principal of and the interest on said Bonds.
3. That a sworn statement of the debt of said County shall be filed with the Clerk to the Board of Commissioners and be open to public inspection.
4. That this order shall take effect 30 days after its publication following adoption, unless it is petitioned to a vote of the people as provided in N.C.G.S. § 159-60, and that in that event this order shall take effect when approved by the voters of said County at a referendum as provided in said Act.
The Board of Commissioners thereupon designated the Finance Director as the officer whose duty it shall be to make and file with the Clerk to the Board of Commissioners the sworn statement of debt of the County which is required by The Local Government Bond Act, as amended, to be filed after the bond order has been introduced and before the public hearing thereon.
Thereupon the Finance Director filed with the Clerk to the Board of Commissioners, in the presence of the Board, the sworn statement of debt as so required.
Thereupon the order entitled: “ORDER AUTHORIZING $41,000,000 GENERAL OBLIGATION SCHOOL BONDS” was passed on first reading.
On motion duly made by Commissioner Council, seconded by Commissioner Webb and unanimously carried, the Board fixed 2:00 P.M., September 19, 2005, in the Commissioners’ Meeting Room in the Wake County Courthouse in Raleigh, North Carolina, as the hour, day and place for the public hearing upon the foregoing order and directed the Clerk to the Board of Commissioners to publish said order, together with the appended statement giving notice of said hearing as required by The Local Government Bond Act, as amended, once in The News and Observer not later than the sixth day before said date.
APPROVAL OF WAKE COUNTY DISTRICT ATTORNEY
AND CLERK OF COURT FUNDING REQUESTS