The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-06-27

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 pay
able at the time of the passage of
this order authorizing the bonds
or payable within one year there
after, said indebtedness is now
outstanding and incurred for
maintaining the constitutional six
months school term.
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 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 and or interest due
andor to become due from the LIST
day of May, A. D., 1886, to 30th
day of June, A. D., 1886, inclu-
sive within the limitations fixed
by this order and on an interest
basis of l 3-4 per centum per an
mum on the respective bonds is
sues as follows:
l. On 5.5 per cent School, Road
and Bridge Funding Bonds, dated
5-1-29, 1875 Of issue is for
school purposes that is to say of
interest and or $3.50 interest in
stallments and or coupons making
81, 5000 for 145 bonds to the
3Oth day of June, 1886, $9S6.13
is for school purposes, plus any
further accrued interest to the
3Oth day of June, 1886, specifical-
ly 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, 1896, $313.79.
2. On ATS per cent School
Building Bonds dated 4-1-27, in
terest and or $23.75 interest in
stallments and or coupons making
S863.28 for 100 bonds to the 30th
day of June, 1885, 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 1 ga per centum
per annum and, being as of the
3Oth day of June, 1896, $318.03.
3. On 5 per cent School Bonds,
dated S-1-27, interest and or
$4,000 interest installments and
or coupons making $1,542.90 for
1856 bonds to the 30th day of
June, 1886, plus any further ac-
crued 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 an
mum and being as of the 30th day
of June, 1895, $4,000.
4. On Ats per cent School
Funding Bonds, dated 5-1-28, in
terest and or $23.75 interest in
stallments andIor coupons making
$942.48 for 119 bonds to the 30th
day of June, 1896, 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 OIL Sd per centum
per annum and beings as of the.
30th day of June, 1885, $347.2t.
5. Also specifically funding
that especially designated neces-
sary expenses which were for spe-
cial purposes within the meaning
of the Constitution, and being
Debt (indebtedness) incurred and
payable on or before June 1,
1887, on or for account of the
expenses in operating the plan of
Refinancing and or Refunding of
specified Countrywide Direct OBJ
legations of said county for school
purposes in the sum of $1,980.95.
Section 8. That the maximum
aggregate principal amount of
said bonds shall be s3,500.00.
Section 4. That tax suffi-
Gent to pay the interest of the