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October 27, 1983
A special meeting of the Board of Commissioners for Iredell County, North
Carolina was held at the Iredell Agriculture Center, in the City of Statesville,
North Carolina at 10:00 A.M. Thursday, October 27, 1983.
The meeting was called to order by Joe If. Troutman, Chairman of the Board
Of Commissioners, who presided.
Upon calling the roll, the Clerk to the Board of Commissioners reported that
the following members were present:
Joe H. Troutman, Chairman; Frances L. Murdock, Vice Chiarman; William A. Mills;
and B. W. Campbell
The Secretary reported that notice of said meeting had been properly sent
to all members of the Board of Commissioners and declared that a quorum was present.
Commissioner Troutman thereupon introduced a bond order, which bond order
was summarized by Peter J. Michel of Brown, Wood, Ivey, Mitchell & Petty, Bond
Counsel to the County of Iredell, and read by title, as follows:
"AN ORDER AUTHORIZING THE CONSTRUCTION OF NEW
HOSPITAL FACILITIES AS AN ADDITION TO IRDELL
MEMORIAL HOSPITAL AND RELATED RENOVATIONS, AND
THE ISSUANCE UNDER THE PROVISION OF THE LOCAL
GOVERNMENT REVENUE BOND ACT, AS AMENDED, OR
REVENUE. BONDS FOR THE COUNTY OF IREDELL TO PROVIDE
FUNDS FOR PAYING THE COST OF SUCH CONSTRUCTION AND
RELATED RENOVATIONS, AND PROVIDING FOR THE ISSUANCE
OF ADDITIONAL BONDS FOR VARIOUS PURPOSES."
Upon motion made by Commissioner Campbell, seconded by Commissioner Murdock
the above -entitled bond order was adopted by the unanimous vote of those members of
the Board who were present.
Commissioner Troutman thereupon introduced a resolution, which resolution was
summarized by Mr. Michel and ready by title as follows:
t "SERIES RESOLUTION AUTHORIZING AND APPROVING
THE ISSUANCE AND SALE OF $16,175,000 AGGREGATE
PRINCIPAL AMOUNT OF COUNTY OF IREDELL, NORTH
CAROLINA, IREDELL MEMORIAL HOSPITAL REVENUE BONDS,
SERIES 1983, AUTHORIZING AND APPROVING THE FORMS
AND TERMS OF THE AGREEMENT OF LEASE, THE OFFICIAL
STATEMENT AND THE BOND PURCHASE AGREEMENT AND THE
EXECUTION AND DELIVERY OF THE AGREEMENT OF LEASE,
THE OFFICIAL STATEMENT AND THE BOND PURCHASE
AGREEMENT AND THE DISTRIBUTION AND. USE OF THE
PRELIMINARY OFFICIAL STATEMENT, THE OFFICIAL
STATEMENT, THE AGREEMENT OF LEASE AND THE BOND
ORDER IN CONNECTION WITH THE PUBLIC OFFERING OF
THE SERIES 1983 BONDS, APPROVING THE AWARD OF THE
SERIES 1983 BONDS BY THE LOCAL GOVERNMENT COMMISSION
AND DIRECTING THE AUTHENTICATION AND DELIVERY
OF THE SERIES 1983 BONDS TO THE UNDERWRITERS."
Upon motion of Commissioner Mills, seconded by Commissioner Campbell, the above -
entitled resolution was adopted by the unanimous vote of those members of the Board
who were present.
Whereupon, upon motion duly made, seconded and passed, said meeting was adjourned.