The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-11-09
y ; = = y "-FNs . =
PAGE FIVE

and necessary expenses, which IN.
debtedness is payable at the date
of the passage of this order or
within one year thereafter, or al
though payable more than one
year thereafter is to be cancelled
prior to its maturity and stimuli
taneously with the issuance of the
bonds.
Section 2. That brief descrip-
ton of the Indebtedness to be re-
funded is herewith given, to viii:
Direct obligations of Henderson
County as follows:
Courthouse Bond, dated 5-2-04,
$1,000 6 per cent, maturity 5-2-34;
Funding Bonds dated l2-1-17,
$4,000 G per cent. maturity 12-l-
E33;
Funding Bonds dated 9-15-23,
$4,000 6 per cent. maturity GLIB
SO:
Road and Bridge Bonds dated
1-1-21, $500 6 per cent, maturity
1-1-33;
Road and Bridge Bonds dated
1-1-21. $4,000 6 per cent, matur-
ity 1-1-34;
Road and Bridge Bonds dated
4-r-21, $4,000 6 per cent, ma
turity Alba: "
Road and Bridge Bonds dated
1-1-23, $4,000 5 1-2 per cent, ma
turity 1-1-34;
Funding Bonds dated 5-1-29,
$4,000 5 1-2 per cent. maturity
, 5-1-34;
Refunding Bonds dated 5-1-29,
$4,000 5 1-2 per cent, maturity
5-1-34; Al.
Refunding Bonds dated 2-1-25,
$4,000 5 IA per cent, maturity
2-1-34;
Jail Bonds dated Tips, $4,000
5 per cent, maturity 7-1-34;
Road and Bridge Funding
Bonds dated 11-1-27, $4,000 Az
per cent, maturity 11-1-32;
Road and Bridge Funding
Bonds dated 11-1-27. $4,000 Az
per cent. maturity 11-1-33;
School Building Bonds dated
4-1-27. $4,000 Az per cent, ma
turity Alba; :.
School Funding Bonds, dated
5-1-28, $4,000 Ak per cent, ma.
turity 5-1-S4.
Section 8. That the maximum
aggregate principal amount of
said bonds shall be $105,000.
Section 4. That tax sufficient
to pay the principal and interest
of the bonds when due shall be
annually levied and collected. b'
Section 5. That statement OF
debt of said county has been filed
with the Clerk and is open to pub
lie inspection. and the County
Accountant is hereby designated
as the proper official to file said
statement. .5
Section 6. That all expenses to
be betrayed by means of said
bonds hereby authorized are nee
essary expenses of said County,
within the meaning of Section 2
Article VII of the Constitution OF
North Carolina.
Section 7. That this order shall
take effect on it's - passage and
shall not be submitted to the
voters. -.
Section 8. That it is hereby
found as a fact and determined
and declared that this Board is
properly and legally constituted
and organized and has the power
and authority to issue said bonds:
that said bonds are necessary and
unavoidable for the special pur-
pose stated and the proceeds shall
be applied to said purpose and to
no other. =,
I Section 8. That this Board will
meet in the Courthouse in said
County at it's office in Henderson,
vile, N. c.. on the 18th day Of
November, A. D., 1888, at 2:30
Up. NJ, for the purpose of hearing
any protest against issuance Of
said bonds. the Board feservihg
the right on final passage of this
order to amend same except as to
maximum amount Of bonds that
may be issued.
The foregoing order has been
introduced and sworn statement
has been filed, under 1.-THE County
Finance Act" showing the as
sessed valuation of the County to
be $20,661, O97.00, and the net
debt for school purposes, to be
$576,250.00, and the net debt for
other than school purposes to be
S2,349,035.43. all this including
the proposed Refunding or En.
change bonds. A tax will be levied
for the payment of the proposed
bonds and interest, if the same
shall be issued. Amy citizen or tag
payer may protest against the is
suance of such bonds at a meet
ing of the Board of Commission
ers to be held in the Courthouse
in said County at it's office in
Hendersonville, N. c., on 10TH
day of November. A. D., 1888, at
2:3O P. M. or an Adjournment
thereof.
This End day of November. A..
D., 1888.
Clerk Board of County Commis-
| H. Joreo, CnnntU