HomeMy WebLinkAboutC.054.93009_00881993 Bonds.
Section 10. The Board hereby adopts those portions of the
county's budget ordinance for the fiscal year of the county ending
June 30, 1993 establishing rates and assessments for the Solid
Waste System (as defined in the order) and its Rate Resolution
under Section 501 of the Order and states its intent, which is not
legally binding, to operate the Solid Waste System in such a manner
as to generate Solid Waste System Revenues (as defined in the
Order) in an amount sufficient to cover all expenses of the Solid
Waste System, including Current Expenses (as defined n the Order),
debt service, the maintenance of required reserve and capital
outlay.
Section 11. The County covenants that it will send copies of
all reports required by the Order to be sent to the Trustee, the
Local Government Commission and any Holder of Indebtedness to Alex.
Brown & Sons Incorporated, 67201 Fairview Road, Suite 201,
Charlotte, North Carolina 28210.
Section 12. The Chairman and Vice -Chairman of the Board of
Commissioners, County Manager, Clerk to the Board of Commissioners
and Director of Finance and Administrative Services of the county
are hereby authorized to perform the duties imposed on an
Authorized Officer by the Order.
Section 13. The officers, agents and employees of the county
and the officers and agents of the Trustee and the Bond Registrar
are hereby authorized and directed to do all acts and things
required by them by the provisions of he Series 1993 Bonds, the
Order, the Bond Purchase Agreement and this resolution for the
full, punctual and complete performance of the terms, covenants,
provisions and agreements therein and herein.
Section 14. This resolution shall take effective immediately
upon its passage.
ADJOURN: MOTION from Commissioner Hamby to adjourn the
meeting.
S/%3 Clerk to the Board
APPROVED:
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