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industrial development revenue bonds of the Authoirty to finance the Industrial
Project is hereby approved.
(2) The Industrial Project is hereby approved.
(3) The Clerk to the Board is hereby authorized and directed to provide a
certified copy of this resolution to the Department.
(4) This resolution shall take effect immediately upon its passage.
Commissioner Ostwalt moved the passage of the foregoing resolution entitled
"RESOLUTION APPROVING THE ISSUANCE OF NOT EXCEEDING $10,000,000 AGGREGATE PRINCIPAL
AMOUNT OF INDUSTRIAL DEVELOPMENT REVENUE BONDS OF THE IREDELL COUNTY INDUSTRIAL
FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY TO FINANCE AN INDUSTRIAL PROJECT
FOR INGERSOLL-RAND COMPANY AND APPROVING THE INDUSTRIAL PROJECT," and Commissioner
Campbell seconded the motion, and the resolution was passed by the following vote:
Ayes: Troutman, Ostwalt, Campbell, and Murdock
Noes: None
DECEMBER 6, 1983
The Iredell County Board of Commissioners met in Regular Session on Tuesday
evening, December 6, 1983, 7:30, Agricultural Center Conference Rooms 1 and 2.
Present for the meeting were:
Joe H. Troutman, Chairman
Frances L. Murdock, Vice Chairman
B. W. Campbell
William A. Mills
Samuel L. Ostwalt
Staff present: J. Wayne Deal, County Manager
Robert N. Randall, County Attorney
F. William Furches, Jr., Finance Officer
Lisa Beckham, Planner
Lois Troutman, Tax Sueprivisor
Rudy Davis, Recreation Director
Alice Fortner, Clerk to the Board
CALL TO ORDER: By the Chairman
w.m,. INVOCATION: By the Chairman
APPROVAL OF MINUTES: MOTION from Commissioner Murdock to approve the minutes of
the November 10 and 22 meetings with a correction indicated and leave the November 15th
meeting minutes until an addition has been made. VOTING: Ayes - 5; Nays - 0.
REORGANIZATION OF THE BOARD: Chairman Troutman relinquished the Chair to
County Attorney, Robert N. Randall, for election of Chairman for 1984.
CHAIRMAN ELECTION: Commissioner Murdock nominated Joe H. Troutman as Chairman,
second by Commissioner Campbell. There were no other nominations.
MOTION from Commissioner Mills to close the nominations and elect Joe H.
Troutman by acclamation. Second from Commissioner Ostwalt.
VOTING: Ayes - 4; Nays - 0; Not Voting - 1 (Troutman)
The County Attorney returned the Chairmanship to Chairman Troutman.
' VICE CHAIRMAN ELECTION:Commissioner Mills nominated Frances L. Murdock as Vice
Chairman. Second from Commissioner Campbell. There were no other nominations.