HomeMy WebLinkAboutC.054.93008_1176THE STATE AND LOCAL GOVERNMENT REVENUE BOND ACT, AS AMENDED,
OF HOSPITAL REVENUE REFUNDING BONDS OF THE COUNTY OF IREDELL
I TO PROVIDE FUNDS FOR THE REFUNDING OF OUTSTANDING HOSPITAL
REVENUE BONDS OF SAID COUNTY AND FOR THE ACQUISITION OF
EQUIPMENT AND PROVIDING FOR THE ISSUANCE OF ADDITIONAL BONDS
FOR VARIOUS PURPOSES."
Upon motion made by Commissioner Stewart, seconded by Commissioner Crosswhite, the above -
entitled bond order was adopted by the unanimous vote of those members of the Board who were
present.
Commissioner Hedrick, thereupon introduced a resolution, which resolution was summarized by
Barbara A. Murray and read by title as follows:
"SERIES RESOLUTION AUTHORIZING AND APPROVING THE ISSUANCE
AND SALE UNDER THE PROVISIONS OF THE STATE AND LOCAL GOVERNMENT
REVENUE BOND ACT, AS AMENDED, OF $18,445,000 AGGREGATE PRINCIPAL
AMOUNT OF COUNTY OF IREDELL, NORTH CAROLINA, IREDELL MEMORIAL
HOSPITAL REVENUE REFUNDING BONDS SERIES 1987 TO PROVIDE FUNDS
FOR THE REFUNDING OF THE OUTSTANDING HOSPITAL REVENUE BONDS,
SERIES 1983 OF SAID COUNTY AND FOR THE ACQUISITION OF EQUIPMENT
FOR IREDELL MEMORIAL HOSPITAL, AND AUTHORIZING AND APPROVING
THE FORMS AND TERMS OF THE AGREEEMENT OF LEASE, THE ESCROW
DEPOSIT AGREEMENT, THE OFFICIAL STATEMENT AND THE BOND PURCHASE
AGREEMENT AND THE EXECUTION AND DELIVERY OF THE AGREEMENT OF
LEASE, THE ESCROW DEPOSIT AGREEMENT, 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, THE ESCROW DEPOSIT AGREEMENT, AND THE BOND
ORDER IN CONNECTION WITH THE PUBLIC OFFERING OF THE SERIES 1987
BONDS BY THE LOCAL GOVERNMENT COMMISSION AND DIRECTING THE
AUTHENTICATION AND DELIVERY OF THE SERIES 1987 BONDS TO THE
UNDERWRITERS."
Upon motion of Commissioner Murdock, seconded by Commissioner Ostwalt, the above -entitled
resolution was adopted by the unanimous vote of those members of the Board who were present.
WHEREUPON, upon motion made by Chairman Hedrick, seconded by Vice Chairman Stewart, the meeting
was adjourned at 2:45 p.m.
TEN MINUTE RECESS,
EXECUTIVE SESSION: MOTION from Chairman Hedrick to enter Executive Session for the purpose of
discussing real estate.
VOTING: Ayes - 5; Nays - 0.
MOTION from Chairman Hedrick to return to Regular Session.
VOTING: Ayes - 5; Nays - 0.
ADJOURN: Chairman Hedrick adjourned the meeting at 3;15 p.m. Next meeting: Tuesday, January
20, 1987, 7:30 p.m., Agricultural Center Conference Rooms 1 and 2.
Clerk to the Boar
APPROVED:..(Lrr ' lirCl
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