HomeMy WebLinkAboutMinutes - 19540201~l`~ Ltinutes of the Boerd of Commissioners
tdonday, February 1, 1954
A regular meeting of the Boerd of Commissioners for the County of Orange,
Siorth Ceroli ne, convened at the Courthouse, is Hillsboro, North Carol ins, the
regular place of meeting, et 10:00 o'clock, A. Id., on February 1, 1954.
Present: Chairmen P.. 0. Forrest, end Commissioners R. J, 1.1. Hobbs end
Sim L. Efland.
Absent: None
C om~'.ssioner Hobbs introduced the to llowina resolution r+hich mas read:
RESOLUTION AI,~PIDNG A. RES OLUTIOT.I PA S53D
J^?HJ.4RY 4, 195. ?<TITITLED: "RESOLUTION
BRO'II DING FOR TPB ISSUANCE OF ?80,000
COURTHOIISE BOND AIdTICIPATIOii NOTES"
BE IT RESOLVED by the Board of Commissioners for the County of Orange:
Section 1. That the resolution passed on Jenuery 4, 1954 entitled:
"RESOLUTI OSi PROVrDING F03 T.`E ISSUANCE OP $80,000 COIIRTHOUBE BOND ANTICrpATION
NOTES" be end the same is hereby emended by striking out the word "manual"
before the words "signe twee of seid Hetistar of D-.e ds end ex officio Clerk"
near the beginning o^ Section 3 of seid resolution and in the witnessing clews
or the note form set forth in seid Section 3, and inserting in lieu thereof
the word "fees !mile", so that the Snterest coupons to be attacned to the notes
authorized by seid rem olutlon shell be executed with the facsimile signature
of the Register of Deeds and ez officio Clerk of the Board of Comma ssionars
instead of vrith his manual signature.
Section 2. That this resolution shall take effect upon its passage.
Commissioner Hobbs moved the passage of the foregoinrt resolution entitled
"RESOLUTI6i1 Al.SENDILIG A RESOLi1TI0;i PASSED JA'UAHY 4, 1954 E^ITITLED: 'RESOLUTION
PROVIDIIIG FOR THE IFRUANCE OF 580,000 COIIRTIIOUF.E BOND ANTICrnn TION NOTES"'
and Commissioner Efland ae co nded the motion and the res olutlon was passed by
the following vote:
A-yes: Commissioners Forrest, Hobbs and Efland.
24oes: Plone.
Two ro¢?. net it ions crere presented to the Doard: (1) Roed in '7Je st H111s-
boro beginning et the her dsurfaco road running, from Rst ty Riley's Store to
Highway No. 70, and running in e westerly directi ~n by necr cemetery end
back into as id herds urfece reed and known es Cemetery Roed, length of •.vhich
rood is one mile; (2) Roed in Chanel Hi11 Township, running from 15 BY P¢ss
to Route 15 Ry Pass end is known as Kings Liill Road, LaurelHill Road cxt.
and Coker Drive, length 1.7 miles.
I4o action w¢s taken on the above petitions, pehding an investigation by
the Boerd.
IIoon motion of Commissioner Hobbs, seconded by Commissioner Efland, the
following schedule of fa es were adopted for the vaccination of dogs during
the year 195: Clinic Price-x.75; Vaccination at Pouad~ 1.00 per dog after
April 30th; Vaccination et home of owner-x1.50-per dog.
Upon motion duly made and seconded the Aid to Blind application oS
Res sae tdey Sykes was rejected due to her not bean!; eligible on basis of her
vision. The following chengea mere also authorized in Aid Ta =11nd Grants:
Bertha. Nevi lie reduced from A45.00 to x38.00 per month
'1!111 ie Thomason increc sad from 915.00 to 825.00 per month.
The fallorrinr resolution erns duly o_`fered by Commissioner Hobbs, seconded
by Commissioner Efland, ¢nd unanimously adopted, with nil membere of the Boerd
of Commis apnoea-being present and vet lag in the off ix^.nativa:
CJiE?3A5, Section 153-135 of the General St¢tsstes of Plorth Carolina author
izes and empowers the Boerd of County Commissioners to select end designe to
annually by recorded resolution some bank, banks or trust company in the St¢te
of North Caroline as an official depository or depositories of the funds of
the County; and
VId3REA5, the Durham Benk 'c Trust 9ompany, Hillsboro Branch, has by proper
recorded resolution, been heretofore designated as nn o!'f lciel depository of
the funds o_' said County for the period ending December 1> 195L;, end it has
been determined to designe to as add_tional official depositories of the funds
of Orange County The Benk of Chapel Hi11, Chapel Hill, Itorth Carolina, end
The Unlvers ity idationel Benk, Chanel Hill, North Cero line:
i~
51
i70w, T:IEHEHORE, TT IS .h000RDIiPGLY ORDERED that The Bank of Chapel Hill,
Chapel H111, *lorth Carolina, end The UniversL ty 2ln ti opal B¢Nq Chapel Hill,
'I^ North Caroline, be, end the eeme are hereby designated es o; ficiel depos it orie:
~ of the funds of Orange County, in addition to the Durham BaNt & Trust Company,
~- for the period beginning es or this de to and ending on December 1, 1954.
It is further ordered that the designation of Tha P.ank of Chepel Hill,
Chapel Hill, Ttorth Carolina, as ¢n off iciel deoosi tory is conditioned upon the
execution end delivery of a depository agreement by said Benk with urenFe
County, under the terms ¢nd provisions of which The Benk oT Chepel Hill will
mace rri th The I~¢ti opal City BaN: of Plew York, in New York Cit-, as 'Trus to e,
IInited Stntes Government Bonds, North Caroline State Bonds, Orange County or
Chs.pal Hill Bonds in the 2mount oz not less than 5138,500 par value, which is
the amount offered by said Sank ¢s security for such deposits as may be made
' by Orange County in se id He nk.
It ;s further ordered that the de signs ti on of Tho University Nat+onnl BeN
Chepel Hill, North Carolina, es an offic iel depository is conditioned upon t?:a
execution and delivery of n depository agreement by said Benlt ;ri th Ore nge Couni
under the to mns and prov i.sions of which said Bank w.i 11 pl¢ce with 9enkers Trusi
Company of P; etv Yorh, +?sw Yorh City, as ^rus to o, United States Cove rnment '.ends;
North Caroline State Bonds, and Ora age County br Chapel Hill Bonds in the nmou:
bf not~less th¢n A~5,000 per value; which is the amount offered by said H¢Nt ¢:
secarity for such deoosi is as may be made by Orange County in said Henk.
It is further ordered that the Chairman of this 3oard, tore ther r+i th the
Clerk to said 9oe rd, be,. and they are hereby authorized to execute depository
¢greemeats in the name of Orange County with The H¢nk of Chepel Hill end The
University National Hankr and to e£fix the Seel of said County to said agree-
ments. Arter said agreame nta ere duly executed in triplicate, e copy of each
shall be recorded es e Hart of the minutes of this meeting, which copy shell
be cerefu].ly preserved by the Covnty Accountant.
It is further ordered that S. id. Gattis, County .4ecount not, depos 3t the
net proceeds received from the sale of Ornnge County Courthouse Bond Ant is ioati
~- Rotes in the nrinc foal sum of R80, 000 in The Henk of Chepel Hill., ¢nd The
I University iQati on¢1 Benk in such respective amounts ns he may be directed so
L_ to do by the Chairman of the Hoard of County Commissioners, end that he deoos it
such other county fonds in said Banks es he may be snecificelly directed so
to do 6y father res oluti one of this Board.
NOF.TH CA.°.OLINA
OROIvGE COUP?TY
TF.IS AGR E?-~DiT, Linds end eatened into this the 10th dny oi -obruerS, 195~~:
by and between the Board of County. Commissioners oS Orange County, North Cnro-
line, party o_^ the fir et pert, and The Benk of Chen el A111, Chepel Hill> idorth
Carolina, Harty of the second pe-t:
?:ITSP SSETH, Thet whereas, She HeNt of Chanel Hill, Chepel Hill, +I orth
Ceroliaa, has been designated es one of the official depository banks for the
funds of Orange County, es r+ill enpe er by resolution of the Board of County
Commissioners duly adopted on Pebrue ry 1, 195L;, and recorded in the minutes of
said Board; end
~/herees, a part of the cons idernti on £pr said act on the part of the ':o¢rd
of County Commissioners was en offer and agreement by The BaNt of Cha eel Hill
to deposit sati sfectory colleterel S.n escrow, said collateral to consist of
' either bonds of the United States bonds of the State of i'+orth Caroline, or
bonds of Orange County or of the down oT Chanel Hill in ¢n amount of not less
than 5138,$00 per v¢lve:
aloe+, therefore, it is hereby agreed that The Henk of Chapel Hill, Chepel
Hill., Ilorth Cero line, does deposit in eecroty vri.th the ::a t:'onel Cite Bank of
New York, United States Government Bonds to the amount of not less than
5138,500 par value, as shown by the at teched inventory, which inventory is
made a port of this agreement as if herein set forth in itemized form, :chi ch
deposit is made under end in accordance with the provisions of Section 153-135
and Section 159-28, General Statutes of Alorth Caroline, acid bonds to be held
~~': by the "at3on¢1 City BaNt of 1J ew Yorit for the sole bane fit oT Orange County, '..,.
sub3e ct to the order of the Board of County* Co+mnis si epees o_^ said Cov_nty in i
LL the event of any default or loss suffered by Orange County c¢used by any fe11-
ure or default on the part of the Henlt of Chepel Hill.
It is further agreed that the n¢rty of the second pert shell have the
r'.ght .from time to time to make such chenges end substitutions in the collater
herein arovi dad for es it mny dasi re, providing only that said colleterel at
¢11 timae shell amount to not loss then ~$138,SOD oar value of bonds of the
]tind. specified end provided for above.
Ia TESTIniONY Cf})RE09, Tf- party of the first part has ceased these nre-
510
seats to be sirtined in its corporate name by the Che irmen of the ?nerd of
County Commissioners, ding attested bg the Escret¢ry to aeia Board, end the
seal of said County to be affixed hereto, all by euthori tc of the ras oluti on
of the Board of County C,.mmissione rs duly oessed on February 1, 195)? end
entered in the minutes of se id Board. and the party-of the second nest has ~-i
caused this instrument to be signed 3.n its corporate name bg its ding author-
ized officsrs end its corporate seal to bo heretg of fixed, eL b-r authority
of its Bo¢rd of Directors.
ORPNC-E COII^ITY (SEAL)
By, R. 0. Forrest (SEAL)
Chairmen, Board of ..
(SEAL) County Commissioners.
Attest: J. E. Levis
Secratarg to the Board
TPA BAT.fri OP CB APEL BILL (SEA )
By, Clyde Eubanks (SEA )
(SEAL) Prasi do nt
Attest: E. B. Crawford
Secre tery
ACCEPTA??CE
The foregoing Agreement between Orangs County, North Carolina, and The
Br nl.- of Chapel Hill, Chanel Hill, North Cerol'_ne, having first been careful lg
reed, the undersigned Bank does hereby ecc ant the trust reposed in it bg said
AEreemsnt, end does ^urther acl:novrlsdge the recaint of bonds to the nar velua
of not less than :`130,500, es are shown 1n detail bg the et tached inventory;
end said Benk does _°u^th er hereby covenant end aGree to hold said bonds in
escrow for the sole benefit of Orange County in ecc ordance vrlth the terms of
the foregoing agreement.
If7 TESTI1dONY OF THE ABOVE ACCEPTANCE, the undersigned Benlc has caused
these presents to be signed by its resident or 'li co Presldent, duly attested
by its Secretary, and its cornore to .seal to be ¢f fixed, this the 18th deg of J
Februer;`, 1954•
NATIOiAL CITY BA?HS OF NE'il YORit (SE. )
By, J. Bi. Potter (SEA )
Vice President
(SEAL)
Attest: D. D. Dickog
Assistant Ceshi.er
IIdVEPITORY OF 8017DS DEPOSITED 9Y 17?F. BANI{ OF
CHo.PEL HILL, CfiAPEL HILL, ?iORTH CAROLP?A, IN
SSCRO"t :'IT_TH 77.AT IO"??.L. CI^4_ BP,;iit OF 17E:'! YO?K,
TRIISTEB ^OR ORJ.^?GE, CODNTY
5113,500. III7ITED sT.4TE5 Or^ ..^hL~'9ICA. TP.EASiIRY 2 1/.!=~ duo 12/15/62/59
'Ios. $Sbg3 for 5500. 1877L2/1~L for 51,000. each 90215 for •`10,000.
22954 for x100,000. Int. J/D 15 v+ith 6/15/5. ~ S.C .''•
516,000. 03^^-)?^-E COP{TY N. C. SCHOOL BLDG. SE3. A dated 12/1{/50 1 3/)I%'+
due 6/1 65 Nos. 268/83 for `?1,000. each with 6/1/54 °~ 5.0.4.
Int. S~ 1
59,000. ORANGE COUiiTY i7. C. SCHOOL BLDG. SERLS A dated 121/50 1 3/4;~
due 6/1 66 Nos 305/313 ++"or S1r 000. each with 6/1/5 & S.C.A.
Int. J/ 1
The ro ce ipt of the above listed bonds is herebg acknowledged.
This the 1Cth day of Febrvarg, 1954•
NATIONAL CITY BAilA OF S1E"7 YOffiC
Bg, Vice President
7~!
L
NORTH CAROLINA
ORANGE COUNTY
TATS AGREE7l~ElIT, Made and entered into this the 10th day of February,
1954, by end be tyre en the Doerd of County Commissioners of Oranre County,
North Carolina, party of the first part, and The University iSetionel Bank,
Chapel Hill, 4iorth Ceroline, pe rty of tho second pert;
i7IT41ESSETH, That i'iherees, The University Rationel Banat, Chenel Aill,
Piorth Cerollna, has been designated as one of the official depository benks
for the funds of Orange County, es will eppear by ros oluti on of the °.oerd of
County Commissioners duly edwted on Eebrue ry 1, 1954, end recorded in the
minutes of seid Ro¢rd; end
ii'here zs, a part of the consideration for sa!.d act on Che Wert of the
9oard o" County Commissioners was en offer and agreement by The University
1Seti peel B¢Nc to deposit setisfect pry collateral in escrow, seid collate rzl
to con si.st of either bonds of the IIni tad Status, bonds of the State of ?forth
Qeroline., or bonds of Orange County or of the Tovrn o!' Chanel Hill in en ¢mous
of not lass then "75,000 War value:
liow, therefore, it is hereby aereed that The University Ns.ti onel Hank,
Chapel Hill, >'orth Caroline, does deposit is escr owrrith the BeNcera Trust
Company of itew Yorls, Unit ad States Govern;aent Bonds tc the amount of not
less thin $75,000 Her value, as shorm by the attach ed inventory, which in-
ventory is made e pert of this agreement es if herein set forth in itemized
form, rrhi ch deposit is made under and in ace order ce erith the provisions of
Section 153-135 end Section 159 -28, General Statutes of Tlorth Carolina, said
bonds to be held by Benl:e rs Trust Company of it avr Yorlc for the solo benof it of
Orango County, sub ~e ct to the order of the 3o erd of County Commissioners of
seid County in the event of any default or loss suffered by Orange ~ou_nty
caused by any failure or doieult on the pert of The Un?:-e rsi ty i~at~onel Sank.
it is further aareod that the party of the second oe^t shell have the
right £rom time to time to melee such changes and substitutions in the collet a:
herein provided for es it may do sire, providing only that seid collata~al at
all times shell amount to not less then F75,000 per value of bonds of the
3:1 nd specified and provided for above.
IPI TESTILI^..?IY Si'H^uREO?, the nertyoT the first Hart has caused these pre-
sents to bo signed in sts cornorete nr_me by the Chairman of the 'oerd of
County Commissions rs, duly attested by the Secretary to seid Roerd, end the
reel of seid County to be affixed hereto, ell 'oy authori t~ of the res ofation
o° the 'o¢rd of County Coimnis=loners duly passed on Pebrnery ly 195): end
entered in the minutes of said ?oerd. And the pe rty of the second part has
c euscd this instrument to be signed in its cornorete name by its duly euth-
orszed officers ¢nd its corporate seal to be hereto affixed, ell by authority
or its Board of A rsc tors.
(SEAL)
Attest: J. E, Lers
Secretary to the Eoerd
(SEAL)
Attest: 0. G. Perry
Secretary
ORANGE COUNTY (SE ".L)
3y, R. 0. Borrest (SEAL)
Chairman, 9oard of
County Commissioners.
THE i7ItIVERSITY LIATIO7PAL SAIIK (SEAL)
By, Oliver K. Cornerell. (SEAL)
President
ACCEPTAidCE
C
The foregoing Agreement betwoen Orange County, ?Inrth Carol ins, end The
University Plata onal 3enk, Chapel Hill, North Carolina, having Sirst been
carefully reed, the undersigned Rank does hereby accent the tr :st reposed
in it by said Agreement, and does ^u_ther ecknowledae the ro ceiot of bonds
to the per value of not less than t~,'+75,000, as ere sh orrn in doted by the
attached inventory; and said Benlc does further hereby covenant and epree to
hold seid bonde in escroer for the sole benefit of Orange County in accordance
c:i th the ter:ne of the foregoing agreement.
IN TESTIIAO1vY Or' TAE APOVE ACCEPTA?iCg, the undersigned Bank has ceussd
these nresonts to 6e signed by its President or Vice President, or A.s s+t.
Pace Pres. duly attested be ate .4 ss't Treasurer, and S.ts cornorete seal to
be affixed, this the 17th day of February, 1954•
flP.id:~CRS TRUST CO'',i'AiY OF NE;:' YORK
By, 0. G. Sharpe
(SEAL) As s't. Vice President
Attest:
P.s s't. ^_r,e csurer
5.13
i27`IdhiTORY OF 30NDS DEPOSITED BY Th^ UNIVERSITY
?1AT20?IAL BAiriS, CHa.PEL HILL, ?tOHmH CA3~^LI'SA, IN
ESCHOf:' ;'.'IT?. HAhiQ;RS TRUST COPd?4?iY OF NE"rf YORli,
TRUST°_E FOR ORA?IGE COV.7TY.
550,000 U. S. Treasury 2 1/2o bonds due 11-15-61
525,000 U. S. Treasury 2 3/8° bonds due 6-15-5e
The receipt of the ¢bove listed bonds is horeby ecltnowledge d.
This the 17th dey oP February, 1954•
BANifERS TRUST CO?~fPA`IY OF NEV1 YORK
Hy, 0. G. Sharpe
Ass+t Vice ?resident
The Poll ov+i ny nemes were drawn to serve es Jurors for the V.er ch 195I}
Term of Criminal Court:
1. Ann R. Lindsey 27. Delton ?. Riley, 9.
179A Jackson Circle, C, H,
29. Ho~'¢rd L. Hall, L. R.
2. Ger¢ld C. DURCP. n, C. Y..
29. flsi ney H. 9¢y, Cks.
3. Peerl Gox 8lochs idre
233 iicCeuley St ., C. H. 30. "i. C;. Pierson, C. 'r..
4, D. E. Scm?son, C. ft. 31. '+7ilson Sforrow, C. fi.
5. Eur:e ne Lyon, C, H. 32. Vendors ~~tessey, C, G.
6. Birs, }7111iam S. Freeman, C. H. 33. Christine Dodson Cates, C. G.
7. Robert 9urne tte, C, G. 3L.. Victor G. G¢rrerd, Eno.
8. i~l¢rie C1arh
L-1J.-A Glen Lennon, C. H.
9. 9elah bias Creerford, Rt. 3, Hb.
l0. F. L. 'i:ri Eht, 0. H.
ll. Sfillism 'i7. iailler, Cks.
12. Nency 4'1a11ace Henderson
Puro__"oy Hd., C, H.
13. Homer °.. T¢pn, C. H,
1L. J, H. Herdison, idb.
15. "h odrow Durham, C. H.
15. Clinton Pox, 9,
35. R. E. Dickinson, Jr., C. H.
36. 3unn Dswson, B.
37, C. B. Gieyse, 0. H.
3B. Grady Lloyd, C. H.
39. Clyde Sh¢mbl.eg, Cks.
L.O. James H. ,Turns r, Hb.
h1. •J. E, Latta, C. G.
42. Clayton P:emby, 3.
L3, Pattie Rice SlcAdems, Hb.
1!L. Airs. Joan ia. Greor, Cb.
17. The odors 91eek.o od, C. H. Lt5• Alms C. Norm¢n, C. H.
18. H. '.',. Carroll, C, H. t!6. '!!. G. Collisr, C. H.
19. A, J. Sykes, fib 47, Harbert Ellis, C. H.
20. P1 oy P. Hall, C, H. L.B. J¢ck 7t. Blalock, C. H.
21. fiirs. 9irginie C, Petty, Cb. 49. 7dalter Sae armen, C. H. ,
22. John Sturdivent, C, H. 50. Ailen 4'le stbrooks, Cks.
23. ivirs. E. P. Clarren, C. G. 51. 3. L, A11en, Eno
24. Devrsy Couch, Cks. 52. 3rnio T. Challet t, C. H.
25. John H. Sut,t on, Clcs. 53. Preston Ev¢ns, Cks.
26. hiss Penal 9. Cole, C. H. S4• Oscar ?.`cFarling, C. H.
55. A.. S;ex Browning, Hb.
56. Edmond grown, Hb.
57. "t. H. Cle yto n,, Imo
There being no fl,.rther business, upon motion, ed3ourned.
J. E. Laws
R. 0 . ?orrest Cle rh to Boerd
ai rman of -oar .
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