HomeMy WebLinkAboutC.054.93009_1586legal representative in such form as shall be satisfactory to the Bond Registrar. Upon any such registration of transfer, the
Bond Registrar shall deliver in exchange for this Bond a new Bond or Bonds, registered in the name of the transferee, of
authorized denominations, in an aggregate principal amount equal to the unredeemed principal amount of this Bond, of the
same maturity and bearing interest at the same rate.
The Bond Registrar shall not be required to exchange or register the transfer of any Bond during a period beginning
at the opening of business fifteen (15) days before the day of the mailing of a notice of redemption of Bonds or any portion
thereof and ending at the close of business on the day of such mailing or of any Bond called for redemption in whole or
In part pwsuaM to the Resolution.
0 Is hereby certified and recited that all acts, conditions and things required by the Constitution and laws of North
Carona to happen, exist and be performed precedent to and in the issuance of this Bond have happened, exist and have
Carolina
been performed in regular and due form and time as so required; that provision has been made for the levy and collection
of a direct annual tax upon all taxable property within the boundaries of the Issuer sufficient to pay the principal of and the
Interest on this Bond as the some shall become due; and that the total indebtedness of the Issuer, including this Bond, does
W exceed any constitutional or statutory limitation thereon.
This Baxd shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the
Resolution unfit this Bond shelf have been authenticated by the execution by the Bond Registrar of the certificate of
authentication endorsed hereon.
IN WITNESS WHEREOF, the Issuer, by resolution duly passed by its Board of Commissioners, has caused this bond
to be manually signed by the Chairman of said Board and the Clerk to the said Board and its official seal to be impressed
hereon, all as of the Ist day of August, 1997.
MOTION by Commissioner Johnson, seconded by Stewart, to approve
the foregoing resolution entitled: "RESOLUTION PROVIDING FOR THE
ISSUANCE OF $22,180,000 GENERAL OBLIGATION SCHOOL BONDS SERIES
1997."
VOTING: Ayes - 4; Nays - 0 -
(Absent during vote: Commissioner Alice T. Fortner)
REQUEST FOR APPROVAL OF TOTAL COST DID FOR WHEEL LOADERS FOR
THE SOLID VIRGIN DEPARTMENT: The county manager explained that in
1992 total contract purchasing was initiated at the landfill for
heavy equipment. During that time, three loaders were purchased
from Carolina Tractor i Equipment Co. An agreement was established
as to how much the vendor would purchase the loaders back during a
five to ten year period. It has been determined that it would be
advantageous to retain one loader due to some recent major repairs.
The other two pieces will be sold back to Carolina. The County
desires to buy two new loaders under the same arrangement. A
purchase price of $102,262 has been given for one loader. There is
a guarantee of a repurchase price of $36,600 at the end of five
years. The other loader is priced at $121,418 with a guarantee of
$49,000 as a repurchase price (after five years). The total cost
excluding the repurchase price is $157,840 ($170,000 was budgeted).
MOTION by Commissioner Stewart to approve the total cost bid
for wheel loaders in the amount of $157,840.
VOTING: Ayes - 4; Nays - 0 -
REQUEST OF INTERSTATE DEVELOPMENT COMPANY (ROBERT A. COLLIER,
JR.) FOR ABBIBTANCE IN THE PAVING OF 0.90 MILE OF ROAD LOCATED
ADJACENT TO TRE STATESVILLE AIRPORT: Commissioner Johnson thanked
the Statesvile Airport Commission Chairman, L.A. Parks, and the
other members of the airport commission, for the work done in
expanding the tax base of Iredell County and offering an industrial
recruiting tool. Johnson explained that the County was now being
asked to contribute $8,333.33 towards the paving of the new airport
road from Bethlehem Church Road to the existing hangar access road.
The City of Statesville and Interstate Development Corporation will
also be asked to each fund $8,333. The NCDOT has estimated the
total project cost to be $125,000. DOT officials have advised they
will contribute $100,000 if $25,000 can be derived from other
sources (City/County/Interstate Dev. Corp.). In addition to
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