HomeMy WebLinkAboutMinutes - 19520709
i.?mutes of the Board of Commissioners
woanesasy, snly 9. 1952
The Orange County Hoard o£ Commis sionera met in ¢n adjourned meeting on
'~?ednssd¢y night, July 9, 1952, et eight o'clock ?. RL, in the Commissioners'
Room at the Courtheu se, the regal er pl¢ce of meeting.
Present: Collier Cobb, Jr.> Chairmen; R. 0. Forrest end Sim L. Rfl and,
Commissioners.
Absent: Nono.
Idr. Carl Smith, represent¢tioe of the Reynolds Company, appeared and ex-
nlainad to the Board the possibility of buying iJnited States Certifi cetes of
Indebte dnoss through his company.
The Board, feeling that contain sums of money Which the Oounty had in its
denosi t¢ry mould not be needed for soverel months,~by motion duly made,
seconded and unanimously passed, authorized Ire A. l?end, County Accountant,
to melee the fol].or~ing purchases:
Se curi };i¢turit Date Fund A punt
5. erti_ficotes of Indebtadne sa Oct. 1, 19 2 School Building Fund yy~~ 0,000.00
II. S. Certificates of Indabtedno ss Dac. 1> 1952 Courthouse Building Fund 5 00,000.00
U. S. Certificates of Indebtedness Peb. 15, 1952 School Building Fund ~~, 50(000.00
As ¢ Hart of the above motion, it :tas ¢lso ordered that these Securities
be left in Slew Yorlc cd th the Guaranty Trust Company, and that said Company
^;ould provide s receipt for these securities to the County.
It Was moved by Commissioner 511and, seconded by Co:msis si onar Forrest
and unanimously anpraved, th¢t the fire insurance carried on the Countg Jei1
Building be increased by 216,000.00, and that the fire insurance on the
contents of the Courthouse be inereesed by $,000.00, effective immeai ate ly.
The 3oerd then anent the remainder of this meeting discussing the proposed
revaluation of all tenable reel property in the County.
?dr. Henry F1. Lewis of the Institute of Government, end Lir. R. J. ;'.. Hobbs,
Democratic nominee to tC.e Orange County Board of Commissioners, were present
end nerticip¢ted in this discussion. i
After discussing this subject, the Doerd edjovrnad, upon motion, to meet
Pdo ndey, July 28, 1952, et 10 o'clock A. 1.;., ¢t the Courthouse.
J. F.. Laws
Cler1: to Board
Collier Cobb, Jr.
_________________
Chairman of Board
i 1
~ ..