The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-27
DRAFT BOND ORDER-PRo-
POSED

6-27 & IA
DRAFT BOND ORDER-PRO-
POSED
Be it Resolved, by the Board
of Commissioners for the County
of Henderson, State of North
Carolina:
Section l. That negotiable
coupon bonds of said county reg
isterable as to principal shall be
issued under the authority of
"The County Finance Act" as
amended in 1885 and other stat
utes applicable, for the special
purpose of funding and or re-
funding of valid indebtedness
payable at the time of the passage
of this order authorizing the
bonds or payable within one year
thereafter, said Indebtedness is
now outstanding and incurred for
the necessary expenses of said
county in it's operations, and be-
ing necessary expenses which were
special purposes within the mean
ing of the constitution.
Section 2. That a brief de-
scription of the Indebtedness to
be funded is herewith given, to
wit: That portion designated by
items of Countrywide Direct obi
cations of Henderson County out
standing and not yet paid, and
not otherwise adequately provid-
ed for, herein named, specified
and referred to consisting of any
and all coupons andIor interest
due and or to become due from
the 1st day of May, A. D., 1886,
to 3Oth day of June, A. D., 1886,
inclusive, within the limitations
fixed by this order and on an in
terest basis of / ga per centum
per annum on the respective bond
issues as follows:
/. On 6 per cent Courthouse
Bonds, dated 5-2-04, interest and
or $4,000 interest installments
and or coupons making $4,000 for
3 bonds to the 30th day of June,
1886, plus any further accrued
interest to the Both day of June,
1886, specifically funding only
the portion of the whole hereof
that accrues on an interest rate of
1 3-4 per centum per annum and
being as of the 30th day of June,
1886, $8.75.
2. On 6 per cent Funding
Bonds, dated 12-1-17, interest
and or $4,000 interest Install
ments and or coupons making
$4,000 for 81 bonds to the 30th
day of June, 1886, plus any fur
Their accrued interest to the 30th
day of June, 1886, specifically
funding only the portion of the
whole hereof that accrues on an
interest rate of l 3-4 per centum
per annum and being as Of the
30th day of June, 1886, $1S3.75:
3. On 6 per cent Road and
Bridge Bonds, dated 1-1-21, in
terest and or $500 interest In
stallments and or coupons making
$4,000 for 48 bonds to the 30th
day of June, 1886, plus any fur
Their accrued interest to the goth
day of June, 1885, specifically
funding only the portion of the
whole hereof that accrues on an
interest rate of 1 ga per centum
per annum and being as of the
3Oth day of June, 1886, $1,000.
a. On 6 per cent Road and
Bridge Bonds, dated 4-1-21, inter-
est and or $4,000 interest INSTALL
ments andor coupons making
SO, $4,000 for 1862 bonds to the
30th day of June, 1886, plus any
further accrued interest to the
3Oth day of June, 1886, specific
ally funding only the portion of
the whole hereof that accrues on
an interest rate of / 3-4 per cent
UNI per annum and being as of
the 3Oth day of June, 1886,
S1,055.81.
5. On 5.5 per cent Road and
Bridge Bonds, dated 1-1-23, inter-
est andio $27.50 interest install
ments andlor coupons making
$1,O08.5O for ITO bonds to the
30th day of June, 1886, plus any
further accrued interest to the
3Oth day Of, June, 1886, speclfl.
cally', funding. only the portion OF
the whole hereof that accrues. on
an interest rate Of 1 ga per cent.
UNI per anfum and being as of
the goth day of June, 1885,
$4,000.
6. On Ats per cent Road and
Bridge Bonds, dated 4-1-27, in
terest and or $23.75 interest in
stallments and or coupons making
S6,573.60 for $50 bonds to the
3Oth day of June, 1886, plus any
further accrued interest to the
30th day of June, 1885, specif-
ically funding only the portion of
the whole hereof shat accrues on
an interest rate Of l 3-4 per cent
UNI per annum and being as of
the 30th day of June, 1896,
T.. On Road and Bridge Fund |
ing Bonds Ats per cent, dated
III OF interest and or S23.75 in