1990-09-04 W&S Exhibit
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EXTRACTS FROM MINUTES OF BOARD OF COMMISSIONERS,
SITTING AS THE GOVERNING BODY OF NEW HANOVER COUNTY
WATER AND SEWER DISTRICT
The New Hanover County Board of Commissioners sitting
as the governing body of New Hanover County Water and Sewer
District, met in Regular Session on Tuesday, September 4, 1990 at
7:30 PM in the Assembly Room of the New Hanover County Courthouse,
Wilmington, North Carolina.
Members present were:
Jonathan Barfield, Sr., Chairman
E.L. Mathews, Jr., Vice-Chairman
Fred Retchin
Nolan O'Neal
Robert G. Greer
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The Clerk of the Board of Commissioners and of the
District reported to the Board of Commissioners that the bond
order entitled, "Bond Order Authorizing the Issuance of
$752,000 Sanitary Sewer Bonds of New Hanover County Water and
Sewer District," which had been introduced on August 20, 1990,
had been published on August ~, 1990, with notice that the
Board of Commissioners, sitting as the governing body of the
District, would hold a public hearing thereon on September 4,
1990, at 7:30 o'clock, P.M. The Clerk also reported that the
District's Finance Officer had filed in the Clerk's office a
statement of debt complying with the provisions of The Local
Government Bond Act, and such statement as filed showed the net
indebtedness of the District to be 1.79 % of the appraised
valuation of property in said District subject to taxation.
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Fred Retchin
moved that the Board of
Commissioners, sitting as the governing body of the District,
proceed to hold a public hearing on the sanitary sewer bond
order and the advisability of issuing the sanitary sewer bonds.
At the direction of the Chairman of the governing body of the
District, the Clerk of the Board of Commissioners and of the
District read the bond order and the published notice of
hearing.
After the Board of Commissioners, sitting as the
governing body of the District, had heard all persons who
requested to be heard in connection with the foregoing
questions, Fred Retchin
moved that the public hearing
be closed. The motion was seconded by Robert G. Greer and
was unanimously adopted.
,Fred Retchin
moved that the Board of
commissioners of the county of New Hanover, sitting as the
governing body of New Hanover County Water and Sewer District,
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adopt, as introduced, and direct the Clerk of the Board of
commissioners and of the District to publish as prescribed by
The Local Government Bond Act the bond order entitled, "Bond
Order Authorizing the Issuance of $752,000 Sanitary Sewer Bonds
of New Hanover County Water and Sewer District," introduced at
the meeting of the Board of Commissioners of the County of New
Hanover, sitting as the governing body of New Hanover County
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Water and Sewer District, held on August 20, 1990. The motion
was seconded by Robert G. Greer
following vote:
AYES:
NAYS:
None
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and was adopted by the
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