HomeMy WebLinkAboutMinutes - 19570506
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'uinutss of the Bcar3-of Ccwsissioners
Efey 6, 1957
The Hord of Coamissionere for the County of Oxnnge, North Carolina, met in regular session at
the Courthouse in Hillsboro, North Carolin¢, the usual place of meeting, nt 10 o'c lack, A.ki„ Eny 6,
1957,
Present: Acting Chairman D, 1A. Any, and Ca Sri ssioners Claude T, Poce, Donald 1.7. Stanford and
Henry S, w¢Skcr,
Absent: R. J. td, Hobbs, Chairmsn.
Commissioner Donald 6;. Stanford introduced the following resolution which was read:
A6SOLUTIO?1 FIII?{G ThE DETAR,S, AilD FOft'd A;ID kAINl6'R OF
E}BCUTION OF $2, OOD,000 SCHOOL BUILDING E02ID5, A!D
PROVIDING FOR THE Ii°.CISTRATION TNEtL~OF
H6 IT R'iSOLVED by the Epsrd of Cormissioners for the Cauntp of Orange:
Section 1, That the Boeffi of Camcissioners has de texmined end does hereby find and declass:
(a) That an order authorizing $2,OW,000 school building bonds of the County of Orange rms
firslly pas sod on February 20, 1956r which order w¢s approved by the vote of a majority of the quali-
fied voters of seid County who voted at nn election duly celled and held on Klatch 27, 1956,
(b) Thst it is pees ssnry to fix the details and form and rnnnex of execution of said bonds,
(c) Ih¢t the period of the life of the school buildings and other school plant facilities to be
erected, remodeled and enl¢rged pursuant to said order is estimated ns n period of thirty years from
February 20, 1957, being a date not later than one yeas after the final passage or said order, ¢nd
that said period expires February 20, 19E7.
Section 2. That for the pspose of or oviding the school improvements pursuant to said order,
such school improvements being necessary in order to maintain the constitutionsl six month' school
term in the County of Orange as required by Section 3 of Article IX of the Constitution, the negotiable
coupon bonds of tea County of Orange shell be issued in the eggregnte principal amount of $2,000,000,
consisting of 2,OOD bords o° the denomiration of 51,000 each, dated June 1, 1957, rotating annually,
June 1, $30,000 1958, $9D,DDD 1959, $65,OOD 196D to 1965, inclusive, $70,000 1966 to 1969, inclusive,
575,000 1970 to 1965, inclusive, and 570,000 1466, without option of prior payment, and bearing interest
from their date et ¢ rate or rates not exceeding bq pox' ennus: to be determined b}' the Loc¢1 Government
Commission nt the tiro the bonds are sold, which interest to the maturity thereof shall be payable
seni-ennually on the first days of June end December pf each year, and both th_ px incinal of nrvl the
interest on said bonds shrill be ceyable at The Hanover Esnk, in the Hor ough of t",anhattsn, City and
State of New York, in nr{y coin or currency of the IInited States of Americo which, nt the respective
dates of neymcnt thereof, is le gel tender for the eeyme nt of public and privets debts,
Section 3. That s¢id ?2,000,C00 school building bonds may be issued from time to time in amounts
as may be determined by resolution of the Bwrd of Commissioners rot the County of Orange end said '..
bonds sY,ell be designated "School Building Eonds, Series _", the bonds to be issued et ¢ny one tiros '',.
to be des_gnnted by s different series letter, ',
Section 4, That said $2,DDD,DDD school building bonds sh¢11 b< signed by the Chairmen of the '~
Bo¢rd of Commissioners and by the Register of Deeds end ex officio ClsrM. of the Eonxd of Conmissionars, ~
ursier the corporate se¢1 oT seid Bosrd, and the intorest coupons to be att¢ched to said bonds shall be
executed vrith the facsimile sitm¢ture of said Ae gister of Deeds and ex officio Clerk, Snid botffis and
coupons and the endorsem_nts 5o be printed upon the reverse of Bald bonds shall be in subsffintielly
the folloang forms:
No, _
$1,000
United States of America
State of C;orth Carolin¢
cour;TY or• oAANGs
School 9uildine Bond. Series .
The County of Orange, in the State o` hbrth Caroline, is justly indebted and for value received
hereby promises to pay to the bearer or, if this bond be registered, to tho registered order here o£,
on the 1st day of .7une, 19_, the principal sum of
0?JF: THOUSAi~ID DOLLARS
and to pay interest thereon Eton the data hereof at the rate of per centum per nanum until p¢y-
ment. of such principal sun, such interest to the maturity hereof being payable semi-annuslly on the
first days of June end December in each ye¢r noon the presen+ation and surrender of the coupons re-
presenting such internst es the sar..e respectively bee cme due. Both the principal oT and the interest
on this fond are nnyeble at The Nnnover Bonk, in the Borough of Fienhattan, City and State oT New York,
in ¢ny coin or currency of the United States of America which, at thn respective dates of payment
thereof, is la gal tender for the payment of public and privets debts. For the prompt payment hereof,
both nrincioel end interest as the snr..e shall become due, the SSaIl faith and credit of seid County
of Orange are hereby lrrevocebly pledged.
This bond is one of a series issued by said County, acting ns nn administrative agent of the State
of North Caroline in providing a State system oT public schools, for the purpose of providing funds.
with ¢ny other nwilable funds, for erecting additional school buildings and other school pLnnt
facilities, zemodeli.ng and enlarging existing school buildings end other school pl¢nt facilities, and '.
b
G7`
acquiring necess¢ry land and equipment therefor, in order to maintain the six months school tern in
s¢id County ae reouired by Sectioa 3 of Article IX of the Constitution, and this bond is issued urxier
and nursunnt to The County Finance Act, as amended, end the Local Government Act, ¢s amended, erns an
order which was approved by the vote of ¢ msiority of the Qualified voters of slid County Who voted
thereon ¢t an election duly c¢lled and held, end resolutions dssly passed by the Hoard of Cococission,rs
far said County.
It fs hereby certified and recited thst all acts, conditions and things reeuired to h¢poen, e::ist
and be oerformed precedent to end in the issuance of this bond b,; the Constitution and leas of IJorth
Carolirr have hnpcened, calst and have been performed in reguLr end due farm end time es so resuired{
th¢t orovision has bran made for the levy end collection oT a direct annual tax upon eL taxable
property within said County sufficient to c¢y the principal of er the interest on this bond as the
same shall became dvep and that the total indebtedness of said County, including this bond, does not
exceed any constitutional or statutory irmr ration thereon.
This band n¢y be registered ¢e to principal clone 3n ¢ecord¢nce With the provisions endorsed hereo
Stl '1QTI>;'SS tTh3::%OF, said County of Oz•ange, by order of its Board of Commissioners, has enured this
band to be signed by the Chairman of said Banal ¢nd by the Ae gister of Deeds and ex officio Clsrk of
said Honzd, under the corporate seal of sn5ti Board, and 'Was caused the interest ecupons attached hereto
to be executed with the facsimile signature of said flsgister of Deeds and ex officio Clerk, all ns of
the 1st day of Sune, 1957.
Ch¢ir-cen of Hord of Commissioners
Register of Deeds and ex officio
Clerk of Board of Commissioners
(Endorsements upon bonds)
CERTIFICAT' OF IACAL GOIr'AFlLLriIT C019:iISSIOiV
The issuance of the within bond has been approved under the provisions of the Iacel Government
Act of t.orth Cerallrv.
C!. E. EASTERLIiv'G
Secretary, Local Government Commission
Hy:
Designated Aseist¢nt
PROVISIO;IS FOR ~GISTRATIOIJ
This bond msy ba registered as to principal alone 3n the Hoai Register of the County of Orange by
the County Accountant ¢s Hor3 Registrar, at his office in Hillsborq or o~ such other Hong Registrar
¢s tray be leg¢lly designated by the Hoard of Commissioners for said County, uooa ore setttation he re of
to the Bond Registrar who shell ma Ps not¢tion of such registration in the registration blank below, and
this bond may thereafter be transferred only upon a duly executed assignor=nt of the registered owner
ar his attorney, 1n such form as shell be s¢tisfactory to the Hord Registrar, such transfer to be made
on such Bond Register and endorsed hereon by the Honl Registrar. Such transfer' may to to bearer and
thereby tr ¢nsfembility by delivery shall be restored, but this bond shall again be subject to succesci~
registrations and transfers as be_^are, The principal of this bond, if registered, unless registered to
bearer, shall be pay¢ble only to or upon tF.e order of the registered owner or his legal representative.
Notnithstnn3ing the registration pi this bond as to principal alorz, the ccuoons shall rensin psyable
to teeter and shall continue to be transferable by delivery,
D¢te of
Heeistration
t1o,
Oa
t7ame of
Reeistered Ormer
(Form of swoons)
1, 19_,
Signature of
Hord Reeistrar
a
the County of Orange, Ilarth Cnrolir~e, wiL p¢y to tearer at The Hanover Henk, in the Borough of
::anhsttan, City end Starr. of ?few Yort, uooa the presentation and surrender hereof, the sum of
Dollars in any coin or curroncy of the United States
of Are rice which at the time of ogvment is legal terdez' for tF.e payment of public and private debts,
ss provided in and for the semi-nnnusl interest then dva upon its School Building Bond, Series
dated .June 1, 1957, numbered ~'
Aegister of Deeds and ex officio
Clerk, of Bmrd of Commissioners
sa
Section 5. That said bards shell be registrable as to principal alone in accordance With the
oroviaions hereinnbove provided for endorsement upon said borda, end the County Accountant is hereby
designated Bond Begistrar for the registration att3 tr¢nafer of said bard s, subject to the right of the
BoeSd of Commissioners hereafter to designate another Bond Registrar. A!o charge shall be made to any
bondholder for the privilege of registration herein granted,
Upon motion of Commissioner Donald '!. Stanford, seconded by Comoi ssdoner Henna S. t7allmr, the
foregoing resolution entitled: "AFSOI~U:IOII FIf.IUG TF_=. D4TAILS, Al7D NRi.i AIfD F'Affii5:R OF 5X•ICUTIOH OF
$2,000,000 6C900I 9DIIDIPiG EONDS, AND PROVIDTP:'G FOP. THB RF.GISTRATiON T?L:P80s'" Wes onssed g' the
folloning vote:
Ayes: Commissioners D. dI. Rey, Claude T. Pone, Donald II, Stanford and He my S, 'lelker.
Noes: None.
Thereupon Cormis sinner Donald 15, Stanford intr~uced tho folio;ring resolution ~.ahich Was rand:
R4SOLIFi'IOtl ?ROVIDIL'G FOR T'r3' ISSUAIfC5 OS
$1,000,000 SCHOOL PIJZIDING BO?7D6, SRIy'S A.
E; IT RES~LV3D by the Bceffi of Commissioners for the County of Orange:
fiction 1, That the Board of Commissioners has determined and does hexaty find ¢nd declare:
(n) That on hay 6, 1957 the Board of Commmissioners for the County of Orange onssed a resolution
entitled: "&7SOLUTIOij PI%i11G TNF DBTAILS, Ai.'D FOiL'i Ai7D ilAiIDFR OF BkFCUTI01( OF `y'2,000,OCO SCHOOL
BUIIDr_IiG EOiJDS, Ai~:D FROVZDIiIG FOB T:8 RBGISTRATSON T:'R*.OF", :which bonds were authorized Uy en order
finally passed on Februcry 20, 1956.
(b) Zhat no bards have been isaue3 oursvsnt to said rosolution or said order, and that 5250,000
notes have been issued in anticioa_tion of the receipt of the proceeds of ¢ lii:e amount of the bonds
authorized by said order, Which notes axe designated "School Building Bond Anticipation Ifotes", are
d¢ted December 10, 1956, and rsture on June 10, 1957.
(c) That it is necessary th¢t Orange County, noting as as administrative agent of tl:e State in
oreviding a State system of public schools, issue at this time "?,000,000 0-' said ;2,000,000 school
building bonds, $250,000 of the ox oceeds thereof to bs used to pay se id notes at their maturity,
Section 2, Thet there shall be issued at this time "1,000,000 of said "2,000,000 school building
bonds, n'rieh 51,000,000 bonds shell be designated "School Building Bonds, Series A", shall consist of
1,000 bonds or the demonimstion of 51,000 each, numbered 1 to 1,000, inclusive, and said bonds obeli
instate ennunlly, Juns 1, in numerical order, locest numtars Tirst, .130,000 1958 to 1965, 635,000 1966
to 1960, end :a40,000 1981 to 1985, all inclusive, and ;135,000 1986, nithoct option of prior onyment,
~etion 3. That the nction of the County Attorney in xeevasting the Focal Goverment Commission
to ndvex'tise end sell said 51,000, C00 School Building 9o:d s, S=ties A, end the nction of tF.e L.ocel
Government CommSssion in asking for sealed bids for said bonds (b;/ publishing n sale notice and printing
¢nd distributing cir~culnrs) b= nrd the seine ere herelrj ratified and ecnfirmed.
Upon moticn of Commissioner Donald L'. StaMord, sec orded Ly Commissioner Henry S. l7nikar, tF.e
Toregoing ra solution entitled: "RBSOIUTIOLI PROFIDitaC FOR TP3' ISSUAidCB OF $1,000,000 SCHOOL BU'IL DIhiG
POURS, 6:.P1TS A", eras onssed by the folloxing vote: I.
Ayes: Cormissioners D, a:, Rey, Claude 2, ?one, Donald i:. Stanford, Henry S, 17a11:er.
iloe a: None.
Upon motion of Commissioner Stanford, sec on ed by Ce-:missioner Pope, end unanimously cessed, the
Clerk ;ms reeues tv_d to Write to i5r, .7, C, Eetthure, Secretary of the State Board eC Assessments and
request permission far Orange County's Accountant to inspect the tar. revsnue records for the year 1956-
1957,
A letter Stem the firm oT Led, Hoyt, Tnylar end ';:nshburn of Hoer York Was rend b;; Acting Chesmsn
Ray, This letter requested t'.:e Peyzient of e 2L.33 Dill Which Was ineurrsd by the G:epel 3111
Jaycees in connection with the orooosed Clrepal Hill-Cerrboro 2acrantias District. It ens agreed that
this setter could be taken vo •~+th the Jaycees since their orgendzetion has rsde this indebtedness.
iLrs. George >i. Harper of 105 Lodge Iene, Checel Hill, reeve sted a reduction in tl:e tax valuation
on her hours and lot. The Beard in_^orr.:ed I:x s. Herpen that they Would inspect this nronerty an 4ednes-
day, i:ay 15, 1957.
The follo::ing department officials presented reports for the month of April, 1957:
Don !::ethe son, County Ferm Agent
Cyrus Gr pen end 'cd Bax'ne s, Assistant r'arm Agents
i;nther ins Pr itchazd, Assistant Hone Demonstration Arent
Cn si:e Eoggc, County Dab Tlarden
~, t.. Lynch, Clerk or Cocrt
Dr. 0. David Garvin, District gee lth Of"ices
Jane C. Parker, '~?e lfere Suoorinterdent
Fran!: '::addry, De lineuent Ta:; Collector'
Odell Clayton, Sheriff
Homy 5ellcer submitted the Tle lfare Reports
G9
I:r, .7ohn H, Cate and 1;r. Frenl: Lovejoy xeouested that Old Highway [lumber 86 be given z nsn name
or e nom: road comber due to the feet that. two high^ays beering the sere number was causing confusion.
They elso reouested thet sor..e of the curves Ts strai€htetid on Old Highr.¢y [?usher Eb, The Heard agreed
to write the Highway Dep¢rtment concernin€ the changin€ c3 the rendcs number.
The folloring rzemes ware drzrm to serve ¢s jurors et the June 24, 1957 term of Suoe~ior Canrt:
1, ii¢ncy I. 'rumpaies (CH) 31, George ii. Hux'nette (CH)
2. Hermsn T. Czarsford (Hb) 32, Efildred Tillrnn (Hb)
3. Clnrenes Craarford (Hb) 33. Dorothy ".. Tilley (..°.b)
4• Virginie i'.¢nn (CH) 34, Roger' 3, Parton (CR)
5. I'ildred '.;. 'ict,?7,hon (CH) 35. Chax'lie i. Davis (Cks)
6, R. H. Voitle (CH) 36. R, S. Daniel (Cks)
7. L:nbel 4Sellette (CE) 37. 4. P:. Ines (LR)
8, Peu]ine C, Perker (IIb) 3&, C, F., Laws (LR)
9. Catherine Li. Alengburg (CH) 34. Fronn Tucker (LR)
10. Ruth Lindquist (CH) 40, Faulins C. F.uffin (LR)
11. L. ':, Riley (Hb) 41, Virginia Riley Catns ('b)
12. K, E, Gentry (Hb) 42, Goorge L. 6'heeles (CH)
13. Levis T. Grev=tte (Hb) 43. J. E, F~rlmutt (Cii)
14. Lois B. Purys¢r (CH) 44. R. ^ri€h.t (CG)
15. Sarah H. Fritch¢rd (CY) 45. Janes Taster L;oare (CH)
16, Harl G. Hnmsey (CH) 46, Relter .(. Crabtree (CH)
17. E;. Louiso Cuzloe (CH) 47, Sac'.: i~, Crnrt.'ord (H)
18. TheNoxe Li. -ansiger (CH) 48. Doris 7ieaton (C'r')
19, ;dart' H. Cl¢ytcr (Hb) 44, Clera I. Simpson (CH)
20, J. E. Adars (CH) 50, Felsan 'n, ^orwocd (CH)
21. E. 0. Hnrdse (Cb) 51, Lgitchell L'e~rton (CN)
22, Hamer R. icon (CH) 52. Dora Cotton (CY.)
23• Hetty Leu .1. ticiLahon (CH) 53. J. ~:. Dickey (CG)
24• Charles flillaxd Cannede (CH) 54, 3lizabo th T. Grenger (C'r')
2>• 71i11ia Lne F¢ucette (Hb) 55. Jemes C. Doiscn (C:is)
26. Jaras P.vfus Jones (CH) 56, Pnul I. Dickerson (Cks)
27, ^ellis A. Jones (Cks) 57. Jae t7. Hosnrd (C'.<s)
2E, Ruth A, riing (3na) 56. Helen t:, Hegby (CH)
29. Thcr..ns Allied (B) 59, R. V. Cox (C9)
30, A. R. Freaier (CG) 60. Luther Daxvsen (CH)
There being no "urther busiusss~ anon motion duly code end secoaded~ this meefing adjourned,
D.:.:. Rsy
Acting Chairman
Hetty .7uns Hayas
Clerk