February 6, 1962 - County Board of Commissioners Meeting Minutes (Statement of County Debt)

February 6, 19621 2Fit width578February 6 1962The following Statement of the County Debt was filed with WG Massey, Clerk,for public inspectionSTATEMENT OF DEBT OF THE COUNTY OF JOHNSTON, NORTH CAROLINA,INCURRED AND TO BEINCURRED FOR SCHOOL PURPOSES, MADE AND FILED PURSUANT TO SECTION13 OF THE COUNTYFINANCE ACT, AFTER THE INTRODUCTION OF THE ORDER AUTHORISING THEISSUANCE OF1,250,00000 BONDS, INTRODUCED AT A MEETING OF THE BOARD OF COWISSIONERS OF SAIDCOUNTY HELD ON THE 5 day of FEBRUARY, 162a Assessed valuation of property aslast fixed for county taxation 67,688,229b Outstanding debt for school purposes,as listed in attached Schedule ofOutstanding Debt 995,00000c Bonded debt to be incurred for schoolpurposes under orders either passedor introduced 1,25000000d The sum of Items b and c2,245,000e School sinking funds being moneyor investments thereof pledgedand held for the payment of principalof outstanding debt above described Nonef School credits being principal sumsowing to the County from schooldistricts which are pledged to and whencollected will be used in the retire-ment of outstanding debt above described Noneg Amount of unissued funding and re-funding school bonds included inoutstanding debt above described Noneh The sum of Items e, Tf and gNONEi Net school debt being the sumby which Item }d exceeds Item Eh 29245,000j The percentage that said net debtbears to said assessed valuation3316677 DATED February 6, 1962WH BrittAuditor of the Countyof Johnston, NorthCarolinaSCHEDULE OF OUTSTANDING DEBTThe debt described below does not include obligations incurred to meetappropriations in anticipation of revenues, except to the extent that the principalamount of such obligations exceeds the amount of the last preceding tax levy forschool purposes, and does not include debt incurred in anticipation of the saleof any kind of bonds except Funding and Refunding Bonds The debt listed below in-cludes all other outstanding debt for school purposes, whether evidenced by bonds,notes or otherwise, and whether incurred by the original creation of debt or bythe assumption of debt, including debt incurred by the County Board of Educationof said County, and including debt to the State of North Carolina or any departmentthereofA Outstanding debt evidenced by bonds5 -i -54 Sehaol Bldg AA5 -i 545 -1 -565 -1 -585 -1 -58Amount100,00000100,0000070,0000050,00000100,00000100,00000110, 0 oo o0k5, COO 00290,00000Total 995,00000s579February 6, 1962B Outstanding debt evidenced by notesDate of Notes AmountNoneC Other debt NoneTotal, 00STATE OF NORTH CAROLINA as;County of Johnston W H Britt, being duly sworn, says that he is the AUDITOR of the County ofJohnston in the State of North Carolina that by a resolutionpassed by the Boardof Commissioners of said County he was authorized to make the foregoing statement;and that the foregoing statement is true and was made and subscribed by him afterthe introduction of the order or orders referred to in the heading of said statementf H BrittSworn to and subscribed before me onthe day of the date of said statementRosalyn H HowesNotary Public NPSealMy commission expires the 5 day of September, 1962STATE OF NORTH CAROLINAssCOUNTY OF JOHNSTON I the undersigned Clerk of the Board of Commissioners of the County ofJohnston, in the State of North Carolina, DO HEREBY CERTIFY that the foregoingstatement and accompanying affidavit were filed in my office on the 6 day of February1962, after the introduction of the order or orders referred to in the heading ofsaid statementIN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of saidCounty, this 6 day of February, 1962WG Massey, Clerk of the Boardof Commissioners of Johnston County,N C