The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-04-18
DRAFT BOND oRDER-PRo-
POSED 49,. r..

STATE OF NORTH CAROLINA,
| COUNTY OF HENDERSON.
| Be it Resolved, by the Board of
Commissioners for the County of
Henderson, State of North Caro-
lima: .- 80. ,,,. 49,. s....
Section /: That negotiable cou-
pom. bonds of said. county regis
terable as to principal shall be is
sued under the authority Of "The
County Finance Act" as amended
| in 1885 and other statutes appli-
cable. for the special purpose of
funding and or refunding Of valid
indebtedness payable at the time
of the passage of this order au-
thorizing the. bonds or payable
within one year thereafter, said
Indebtedness is now. outstanding
and incurred for the necessary. eS-
penseS of said county in its OPP
erations, and being necessary ex-
penses which, were special pur-
poses within the. meaning Of the
Constitution. a.. :
Section g. That a brief descrip-
ton of the indebtedness to be
funded is herewith given, to wit
That portion designated by items
of County Wide Direct >Obliga-
tions of Henderson County out
standing and not yet. paid. and
not otherwise adequately provided
for, herein named, specified and
referred to consisting OF any and
all coupons apdlor interest due
and or to become due LIST day of
April, A. D., 1888, to 1st day of
May, A. D., 1886, both inclusive,
within the limitations fixed by this
order and on interest basis, of
IL %. per. annum on the respec-
tive bond issues as follows.
l.. On SO Courthouse Bonds,
dated 5-2-04, interest ,andor $50
interest installments andlor. ,Gou-
pons making $4,000. for 3 bonds
to the first day of May 1886, plus
any further accrued interest to
May /, 1886, specifically funding
only. the portion of the whole
hereof that accrues on. an interest
|rate of 1%gc per annum and be-
ing as of May l, 1886, ,$253.75.
2. On SO Funding Bonds, dated
|12-1-17, interest and or $4,000 in
|terest installments and or coupons
making $A.S05.0O for 81 bonds, to
the first day of May, 1896, plus
any further accrued interest to
May /, 1886, specifically funding
only the portion of the whole
herof that accrnes on an interest
rate of 1870 per ,annum and be-
ing as of May,l, 1886, 81 1852.
3. On Sc Road and Bridge
Bonds, dated 1-1-21, interest and
or $500 interest installments
and or coupons making S9,SS5.OO
for AZ bends, to the first day of
May, 1886, plus any further ac-
crued interest to May 1st, 1886,
specifically funding only the por-
ton of the whole hereof that ac-
crues on an, interest rate of 1s4fo
per annum and being as Of May
l, 1885, $2,8S3.l2. = 49, 49,. y =
A., On $50 Road and Bridge
Bonds, dated 4-1-21, interest and
or, $4,000 interest installments
and or coupons making $50, 500. 90
for 362 bonds to the first, day of
May 1886, plus any further. 1auc -
crued interest to May L, 1885,
specifically funding only the pof-
ton Of the whole. hereof that .ac-
crues on an, interest rate Of I'VE
per sanirm and being as of May
1, 1885, .,$19,489.l4. !. 50. ;.si ,.
s., On $50 Road and Bridge
Bonds, dated Lips, interest and
or, $3.50 interest installmerlts
andIor coupons making !, 500
167.40 for ITO bonds to the first
day. Of May, 1896, plus ANY any FIR,
thef accrued interest to May 4 !
1896, specifically FINDING only the
portion of the whole hereof that
acerues on sn interest rate Of
u cS per annum, and being aas of
May l, 1886, S6,416.97,
IS. On 4.75R Road and Bridge
Bonds. dated 4-1-27, interest and
lora $23.75, interest installments