The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-09-12
DRAFT BOND ORDER-PRO-
POSED

POSED
State of North Carolina,
County of Henderson.
Be it Resolved, by the Board
of Commissioners for the County
of Henderson, State of North
Carolina: :,
Section 1. That negotiable
coupon bonds of said county reg
isterable as to principal shall be
issued under the authority of
"The County Finance Ac"," as
amended in 1885 and other stat,
utes applicable, for the special
purpose of funding andIor refund
ing of valid Indebtedness payable
at the time of the passage of this
order authorizing the bonds or
payable within one year thereaf-
ter, or, although payable more
than one year thereafter, is to De
Cancelled prior to its maturity and
simultaneously with the issuance
of the funding or refundlng
bonds, said Indebtedness is now
outstanding and incurred for the
necessary expenses of said county
in it's operations, and being nee
essary expenses which were spe-
cial purposes within the meaning
of the Constitution.
Section 2. That a brief de-
scription of the Indebtedness to
be refunded is herewith given, to
wit: That portion designated by
items of Countrywide Direct OBJ
legations of Henderson County
outstanding and not yet paid, and
not otherwise adequately provid-
ed for, herein named specified
and referred to consisting of bond
principal of the respective bond
issues as follows:
DESCRIPTION AND MATURE
TIES OF on T S T A N d. n G.
BONDS HEREBY REFUNDED
/. Of 6 per cent Court House
Bonds in denomination of $1,000
90 dated 5-2-O4, 81 100000 matur-
ity 5-2-3638; all aggregating
$3,OOO.OO.
2. Of 6 per cent Funding Bonds
in denomination of 100000 dat
ed 12-1-17, 100000 maturity
1912, and 100000 maturity
12-1-3342; all aggregating $21,-
10000.
8. of 5 1-2 per cent Refunding
Bonds in denomination of $1,000
90 dated 7-1-23, 100000 ma
turity 7-1-33; all aggregating
$25, 100000.
a. Of 6 per cent Funding Bonds
in denomination of 81 100000 dat
ed 9-15-23, 100000 maturity
9-15-32I33, and 100000 matur-
ity 9-15-34, and 100000 matur-
ity 2-1-34I46; all aggregating
$63,OOO.OO.
5. Of 5 IA per cent Refunding
Bonds in denomination of 81, 000.-
90 dated 2-1-25, 100000 matur-
ity 2-1-34-46; all aggregating
sos, 100000. -:
6. Of 5 per cent Jail Bonds in
denomination of 100000 dated
TIPS, 100000 maturity 7-1-32,
and 100000 maturity 7-1-33I54 ;
all aggregating $90,000.00.
7. Of 5 1-2 per cent Refunding
Bonds in denomination of $1,000
90 dated 5-1-29, 100000 ma
turity 5-1-32, and S12,000.0O ma
turity 5-1-33, and $1O,0OO.OO ma
turity 5-1-34, and $4,000 matur-
ity 5-1-35I37, and $12,0O0.00 ma
turity 5-1-38, and 100000
maturity 5-1-39, and S15,000.00
maturity 5-1-40, and 100000
maturity 5-1-41, and $15,O0O.OO
maturity 5-1-42I44; all aggregat-
ing $161 100000.
Section 8. That the maximum
aggregate principal amount of
said bonds shall be $42S,OO0.OO.
Section 4. That a tax suffi-
cient to pay the principal and in
terest of the bonds when due
shall be annually levied and COL
lected.
Section 5. That a statement of
debt of said county has been filed
with the Clerk and is open to pub
lie inspection, and the County Ac-
countant is hereby designated as
the proper official to file sad
statement.
Section 6. That this order shall
take effect on its passage ard
shall not be submitted to the yot-