The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1946-05-16

maintain public schools in said
County, as an administrative
agency of the public school sys-
tenn Of the State of North Caro-
lima, for the six months term re-
quired by the Constitution of
North Carolina, and (2) it will be
necessary to expend the sum of
$29, 200, in addition to other avail
able fu.'ds, to finance the erection
or alteration or reconstruction or
other improvement of said school
buildings, and (3) no provision
has been made by local tax or
otherwise to raise said sum for
said purpose, and az the County
Board of Education of said Coun-
ty has certified to the Board of
Commissioners its concurrence in
such determinations and has re-
quested the Board of Commission
ers to raise said sum for such
purpose by the issuance of bonds
of said County pursuant to The
County Finance Act of North
Carolina.
Section 2. In order to raise the
money required to finance the
erection or alteration or recon-
struction or other improvement of
said school buildings, bonds of the
County of Ashe are hereby au-
thorized and shall be issued pur-
suant to The County Finance Act
of North Carolina. The maximum
aggregate principal amount of
said bonds authorized by this
bond order shall be Twenty nine
Thousand, Seven Hundred Dol
lars ($29,7O0).
Section 8. A tax sufficient to
pay the principal of and interest
on said bonds when due shall be
annually levied and collected.
Section 4. A statement of the
County debt of the County of
Ashe has been filed with the
Clerk of the Board of Commits
sionerS of said County and is open
to public inspection.
Section 5. No debt shall be
contracted during any fiscal year
by the issuance of bonds pursuant
to this bond order if the amount
of such debt and of all other debt
contracted during such fiscal year
shall exceed tWo-thirds of the
amount by which. the outstanding
indebtedness of said County shall
have been reduced during the
next preceding fiscal year, unless
the mourning of such debt shall
be submitted to a vote of the
people of said County and shall
be approved by a majority of
those who vote thereon.
Section 6. This bond order
shall take effect thirty days af-
ter its first publication after final
passage, unless in the meantime
a petition for its submission to
the voters is filed under The
County Finance Act, and in such
event it shall take effect when
approved by the voters of the
County at an election as provided
in said Act"
The foregoing bond order has
been introduced and sworn
statement has been filed under
The County Finance Act, show
ing the assessed valuation of the
county to be $5,11s,373.00, and the
net debt for school purposes, in
Guiding the proposed bonds, to be
$4,000. A tax will be levied for
the payment of the proposed
bonds and interest, if the same
shall be issued. Any citizen or
taxpayer may protest against the
issuance of such bonds at a meet
ing of the Board of Commission
ers to be held at the regular meet
ing place of said Board in the
County Court House in Jeffer-
son, North Carolina, at 10 o'clock,
A. NJ, on the goth day of May,
1916, or an adjournment thereof.
I'D. STANSBERRY, Clerk of
Board of Commissioners of
Ashe County, North Carolina.
5-9-2t.