HomeMy WebLinkAboutMinutes - 19670724BOCK ) PACE 5
The Person.. County Board of Commissioners suggested that two board members
from each county be appointed to serve on the mental health committee. This
committee would work out the necessary details of the proposed mental health
program and report all plans to their respective boards.
There being no further business to come before the Board, the Board
was adjourned to meet again on Monday, July 24, 19679 6 p.m. in the
Commissioners Room.
Harvey D. Bennett, Chairman
Betty June Hayes, Clerk
S. M. Gatti_s, Acting Clerk
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MINUTES OF THE ORANGE COUNTY
BOARD OF COMMISSIONERS
July 24, 1967
The Board of Commissioners for the County of Orange, North Carolina,
met in adjourned regular session at the County Courthouse in Hillsborough,
North Carolina, the usual place of meeting, at 8:00 o'clock P.M., July 242 1967.
Present: Chairman Harvey D. Bennett, and Commissioners William C. Ray,
Carl M. Smith, Henry S. Walker and Ira A. Ward.
Absent: None
Commissioner Smith introduced the following resolution which was read:
RESOLUTION PROVIDING FOR THE ISSUANCE
OF $650,000 WATER AND SEWER BONDS
BE IT RESOLVED by the Board of Commissioners for the County of Orange:
Section 1. The Board of Commissioners has determined and does hereby
find and declare:
(a) That an order authorizing $560,000 Water Bonds and an order authorizing
$90,000 Sanitary Sewer Bonds of the County of Orange were finally passed by the
Board of Commissioners on October 3, 1966, which orders were approved by the vote
of a majority of the qualified voters of said County who voted thereon at an
election duly called and held on November 8, 1966.-
(b) That none of said $560,000 Water Bonds has been issued, and that no
notes have been issued in anticipation of the receipt of the proceeds of said bonds.
(c) That nine of said $90,000 Sanitary Sewer Bonds has been issued and no ,
notes have been issued in anticipation of the receipt of the proceeds of said bonds.
(d) That it is necessary that the County of Orange issue at this time all
of said Water Bonds and all of said Sanitary Sewer Bonds authorized by said orders.
(e) That the period of the life of the waterworks system to be constructed
from the proceeds of said Water Bonds is forty years, that the probable period of
the life of the sanitary sewer system to be constructed from the proceeds of said
Sanitary Sewer Bonds is forty years, and that the average of said two periods, com-
puted from October 3, 1967, a date not more than one year after final passage of
said orders, and taking into consideration the amount of bonds to he issued for
each purpose, is a period expiring on October 3, 2007.
(f) That said $560,000 Water Bonds and said $90,000 Sanitary Sewer Bonds
shall be consolidated into an issue of $650,000 bonds of the County of Orange,
designated "Water and Sewer Bonds".
Section 2. For the purposes provided in said orders there shall be issued
the negotiable coupon bonds of the County of Orange in the aggregate principal
amount of $650,000 designated "Water and Sewer Bonds", dated June 1, 1967,
consisting of 130 bonds of the denomination of $59000 each, numbered 1 to 130,
inclusive, unless, pursuant to the provisions of the notice of sale for said bonds
published by the Local Government Commission, the successful bidder for said bonds
shall request $1,000 denominations, in which event said bonds shall consist of 650
bonds of the denomination of $1,000 each, numbered 1 to 650, inclusive. Said bonds
shall mature annually, June 1, in numerical order, lowest numbers first, $20,000
1968, $20,000 1969, $25,000 1970 to 1980, 130,000 1981 to 1985, all inclusive,
$35,000 1986, and $50,000 1987 to 1989, inclusive, without option of prior payment,
and bear interest from their date at a rate or rates not exceeding 6% per annum to
be determined by the Local Government commission at the time the bonds are sold,
which interest to the maturity thereof shall be payable semi-annually on the 1st days
of June and December of each year, and both the principal of and the interest on said
r
90,CK 1 mE (i
bonds shall be payable at Bankers Trust Company, in the Borough of Manhattan, City
and State of New York, or, at the option of the holder or registered owner, at
Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, in any
coin or currency of the United States of America which, at the respective dates of
payment thereof, is legal tender for the payment of public and private debts.
Section 3. Of the proceeds of each bond issued hereunder 56/65 shall be applied
to the construction of a waterworks system in said County, and 9/65 shall be applied
to the construction of a.sanitary sewer system in said County, and that upon the
payment of each one thousand dollars of bonded indebtedness, $861.54 shall be deemed
to be the amount of water debt paid and $138.46 the amount of sanitary sewer debt
paid.
Uoon motion of Commissioner Smith, seconded by Commissioner Walker, the fore-
going resolution entitled: "RESOLUTION PROVIDING FOR THE ISSUANCE Or^ 5650,000 -
WATER AND SEWER BONDS" was passed by the following vote:
Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
Noes: None
Thereupon Commissioner Ward introduced the following resolution which was read:
RESOLUTION PROVIDING FOR THE ISSUANCE
OF $130,000 COUNTY OFFICE BUILDING BONDS
BE IT RESOLVED by the Board of Commissioners for the County of Orange:
Section 1. The Board of Commissioners has determined and does hereby find
and declare:
(a) That. an order authorizing $130,000 County Office Building Bonds of the
County of Orange was finally passed on March 20, 1967.
(b) That none of said bonds has been issued and that $130,000 County Office
Building Bond Anticipation Notes have been issued in anticipation of the receipt
of the proceeds of a like amount of said bonds, which notes are dated June 15, 1967,
mature on September 1, 1967, bear interest at the rate of 2.54% per annum and consist
of 1 note of the denomination of $30,000, numbered 1, a_nd 1 note of the denomination
of $100,000, numbered 2.
(c) That it is necessary that the County of Orange issue all of said $130,000
County Office Building Bonds, the proceeds thereof to be used to pay said notes at
their maturity.
(d) That the period of the life of the county office building to be constructed
and equipped pursuant to said order is estimated as:a period of thirty years from
March 20, 1968, being a date not later than one year after the final passage of said
order, and that such period expires on March 20, 1998.
Section 2. For the purpose of providing the county office building pursuant to
said order there shall be issued the negotiable coupon bonds or the County of Orange
in the aggregate principal amount of $130,000, designated "County Office Building
Bonds", dated June 11 1967, consisting of 26 bonds of the denomination of $5,000 each,
numberer - :c 26, inclusive, unless, pursuant to the provisions of the notice of
sale fer said bonds published by the Local Government Commission, the successful
bidder for said bonds shall request $1,000 denominations, in which event said bonds
shall consist of 130 bonds of the denomination of $1,000 each, numbered 1 to 1307
inclusive. Said bonds shall mature annually, June 1, in numerical order, lowest
numbers first, $10,000 1968 to 1980, inclusive, without option of prior payment, and
bear interest from their date at a rate or rates not exceeding 6%. Der annum to be
determined by the Local Government Commission at the time the bonds are sold, which
interest to the maturity thereof shall be payable semi-annually on the 1st days of
June and December of each year, and both the principal of a_nd the interest on said
bonds shall be payable at Bankers Trust Company, in the Borough of Manhattan, City
and State of New York, or, at the option of the holder or registered owner, at
Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, in any coin
or currency of the United States of America which, at the respective dates of pay-
ment thereof, is legal tender for the payment of public and private debts.
Upon motion of Commissioner Ward, seconded by Commissioner Ray, the fore-
going resolution entitled: "RESOLUTION PROVIDING FOR THE ISSUANCE OF $130,000
COUNTY OFFICE BUILDING BONDS!' was passed by the following vote:
Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
Noes: Norte
i
Thereupon Commissioner Smith introduced the following resolution which was read: J
RESOLUTION FIXING THE FORM AND MANNER
OF EXECUTION OF $650,000 WATER AND SEWER
BONDS AND $130,000 COUNTY OFFICE BUILDING
BONDS TO BE ISSUED 'U'NDER DATE OF JUNE 1,
1967, PROVIDING FOR THE REGISTRATION
THEREOF AND RATIFYING APPLICATION TC LOCAL
GOVERNMENT COM"LISSICN FOR THE ADVERTISEMENT
AND SALE OF SAID BONDS
BOOK ) FACE
BE IT RESOLVED by the Board of Commissioners for the County of Orange:
Section 1. The $650,000 Water and Sewer Bonds and $130,000 County Office
Building Bonds to be issued by the County of Orange under date of June 1, 1967,
shall be signed by the Chairman of the Board of Commissioners and by the Register
of Deeds and ex officio Clerk of said Board, and the corporate seal of said
Board shall be affixed to the bonds, and the interest coupons to be attached to
said bonds shall be executed with the facsimile signature of said Register of
Deeds and ex officio Clerk. Said bonds and coupons and the endorsements to be
printed upon the reverse of said bonds shall be in substantially the following
forms:
No.
United States of America
State of North Carolina
COUNTY OF ORANGc:
The County of Orange, in the State of North
and for value received hereby promises to pay to
be registered, to the registered owner hereof, on
the principal sum of
Bond
Carolina, is justly indebted
the bearer, or, if this bond
the 1st day of June, 19_,
THOUSAND DOLLARS
and to pay interest thereon from the date hereof at the rate of per
centum ( %) per annum until payment of such principal sum, such interest
to the maturity hereof being payable semi-annually on the lst days of June and
December in each year upon the presentation and surrender of the coupons
representing such interest as the same respectively become due. Both the
principal of and the interest on this bond are payable at Bankers Trust Company,
in the Borough of Manhattan, City and State of New York, or, at the option of
the holder or registered owner, at wachovia Bank and Trust Company, in the City
of Raleigh, North Carolina, in any coin or currency of the United States of
America which, at the respective dates of payment thereof, is legal tender for
the payment of public and private debts. For the prompt payment hereof, both
principal and interest as the same shall become due, the full faith and credit
of said County of Orange are hereby irrevocably pledged.
Here insert in the Water and Sewer Bonds, the following paragraphs:
"This bond is one of a series issued by said County for the purpose
of providing funds, with any other available funds, for constructing a water-
works system and sanitary sewer system in said County, and this bond is issued
under and pursuant to The County Finance Act, as amended, and the Local
Government Act, as amended, and two orders which were approved by the vote of a
majority of the qualified voters of said County who voted thereon at an election
duly called and held and resolutions duly passed by the Board of Commissioners
for said County.
111t is hereby certified and recited that all acts, conditions and
things required by the Constitution and laws of North Carolina to happen,
exist and be performed precedent to and in the issuance of this bond have
happened, exist and have been performed in regular and due form and time as so
required; that provision has been made for the levy and collection of a direct
annual tax upon all taxable property within said County sufficient to pay the
principal of and the interest on this bond as the same become due; and that the
total indebtedness of said County, including this bond, does not exceed any
constitutional or statutory limitation thereon."
and insert in the County Office Building Bonds the following paragraphs:
"This bond is one of a series issued by said County for the purpose
of providing funds, with any other available funds, for constructing and!
equipping a county office building on land now owned by said County to provide
offices and facilities for the various departments, bureaus and agencies of
the County government, and this bond is issued under and pursuant to The County
Finance Act, as amended, and the Local Government Act, as amended, and an order
which has taken effect and resolutions duly passed by the Board of Commissioners
for said County.
"It is hereby certified and recited that all acts, conditions and things
required by the Constitution and laws of North Carolina to happen, exist and be
performed precedent to and in the issuance of this bond have happened, exist and
Y. have been performed in regular and due form and time as so required; that
provision has been made for the levy and collection or a direct annual tax upon
all taxable property within said County sufficient to pay the principal of and
the interest on this bond as the same shall become due; and that the total in-
debtedness of said County, including the indebtedness evidenced by this bond and
all other indebtedness theretofore contracted in the fiscal year in which the
indebtedness evidenced by this bond was contracted, does not exceed any con-
stitutional or statutory limitation thereon."
BCCK J FADE
This bond may be registered as to principal alone in accordance with the
?'/provisions endorsed hereon.
IN WITNESS WHEREOF, said County of orange, by order of its Board of
Commissioners, has caused this bond to be signed by the Chairman of said Board
and by the Register of Deeds and ex officio Clerk of said Bcard, and the corporate
seal of said Board to be affixed hereto, and has caused the interest coupons
attached hereto to be executed with the facsimile signature of said Register
of Deeds and ex officio Clerk, all as of the lst day of June, 1967.
Chairman of Board of Commissioners
Register of Deeds and ex officio
Clerk of Board of Commissioners
(Endorsements upon bonds)
CERTIFICATE OF LOCAL GOVERNMENT COMMISSION
The issuance of the within bond has been approved under the provisions
of the Local Government Act of North Carolina.
W. E. EASTERLING,
Secretary, Local Government Commission
By:
Designated Assistant
PROVISIONS FOR REGISTRATION
This bond may be registered as to principal alone in the Bond Register of
the County of Orange by the Register of Deeds and ex officio Clerk of the Board
of Commissioners as Bond Registrar, at his office in Hillsborough, or by such
other Bond Registrar as may be legally appointed by the governing body of said
County, upon presentation hereof to the Bond Registrar who shall make notation
of such registration in the registration blank below, and this bond
may thereafter be transferred only upon a duly executed assignment of the
registered owner or his attorney, in such form as shall be satisfactory to the
Bond Registrar, such transfer to be made on such Bond Register and endorsed
hereon by the Bond Registrar. Such transfer may be to bearer and thereby
transferability by delivery shall be restored, but this bond shall again be subject
to successive registrations and transfers as before. The principal of this
bond, if registered, unless registered to bearer, shall be payable only to
or upon the order of the registered owner of his legal representative. Not-
withstanding the registration of this bond as to principal alone, the coupons
shall remain payable to bearer and shall continue to be transferable by delivery.
Date of
Registration
No.
On
1, 19 ,
Signature of
Bond Registrar
5
the County of Orange, North Carolina, wi11 pay to bearer at Bankers Trust
Company, in the Borough of Manhattan, City and State of New York, or, at the
option of the bearer, at Wachovia Bank and Trust Company, in the City of
Raleigh, North Carolina, upon the presentation and surrender hereof, the sum of
DOLLARS in any coin or currency of the United States of
America which at the time of payment is legal tender for the payment of public
and private debts, as provided in and for the semi-annual interest then due upon
its Bond, dated June 1, 1967, numbered
Register of Deeds and ex officio
Clerk of Board of Commissioners
Name of
Registered owner
(Form of coupons)
9rCK J PAGE 9
Section 2. Said bonds shall be registrable as to principal alone in
accordance with the provisions for registration hereinabove in this
resolution provided to be endorsed upon said bonds, and the Register of
Deeds and ex officio Clerk of the Board of Commissioners is hereby designated
Bond Registrar for the registration and transfer of said bonds, subject
to the right of the Board of Commissioners hereafter to designate another
Bond Registrar. No charge shall be made to any bondholder `or the
privilege of registration and transfer herein granted.
Section 3. The:action of the County Administrator in applying to
the Local Government Commission to approve, advertise and sell said
bonds and the action of the Local Government Commission in asking for
sealed bids for said bonds by publishing a sale notice and printing and
distributing circulars be and the same is hereby-ratified and confirmed.
Upon motion of Commissioner Smith, seconded by Commissioner Walker,
the foregoing resolution entitled: "RESOLUTION FIXING THE FORM AND
MANNER OF EXECUTION OF $650,000 WATER AND SEWER BONDS, AND $130,000 COUNTY
CFFICE BUILDING BONDS TO BE ISSUED UNDER DATE OF JUNE 1, 1967, PROVIDING
FOR THE REGISTRATION THEREOF AND RATIFYING APPLICATION TO LOCAL GOVERNMENT
COMMISSION FOR THE ADVERTISEMENT AND SALE OF SAID BONDS" was passed by the
following vote:
Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
Noes: None.
Thereupon Commissioner Ward introduced the following resolution which
was read:
RESOLUTION AUTHORIZING THE PRINTING
OF THE LEGAL OPINION ON THE $650,000
WATER AND SEWER BONDS AND THE $130,000
COUNTY OFFICE BUILDING BONDS TO BE
ISSUED UNDER DATE OF JUNE 1, 1967
BE IT RESOLVED by the Board of Commissioners for the County of
Orange that there shall be printed on the reverse of each of the $650,000
Water and Sewer Bonds and the $130,000 County Office Building Bonds to be
issued under date of June 1, 1967, the legal opinion of Mitchell,
Pershing, Shetterly & Mitchell, Bond Counsel to the County of Orange,
with respect to the validity of said bonds, and there shall be printed
immediately following such legal opinion a certificate signed with the
facsimile signature of the Chairman of the Board of Commissioners for said
County, such certificate to be in substantially the following form:
I HEREBY CERTIFY that the foregoing
is a true and Correct copy of the legal
opinion on the bonds therein described
which was manually signed by Mitchell,
Pershing, Shetterly & Mitchell, New York,
N. Y., and was dated as of the date of
delivery of and payment for said bonds.
(Facsimile signature)
Chairman of the Board of Commissioners
for the
County of Orange, North Carolina
Upon motion of Commissioner Ward, seconded by Commissioner Ray,
the foregoing resolution entitled: "RESOLUTION AUTHORIZING THE PRINTING
OF THE LEGAL OPINION ON THE $650,000 WATER AWD SEWER BONDS AND THE $130,000
COUNTY OFFICE BUILDING BONDS TO BE ISSUED UNDER DATE. OF JUNE 1, 1967"
was passed by the following vote:
Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
Noes: None --
Upon motion of Commissioner Walker, seconded by Commissioner Ward the
following appropriations resolution was duly adopted.
FUND SUM
Bond $ 79,765.00
General 523,485.00
Public Health 108,500.00
Revaluation 20,000.00
School Current Expense 526,110.00
School Capital Outlay 598,500.00
School Debt Service 306,190.00
General Welfare 261,375.00
Welfare A.F.D.C. 301,360.00
Welfare A3P.T.D. 142,680.00
Welfare M.A.A. 11,200.00
Welfare O.A.A. 201,240.00
$3,OE2,405.00
3G0? J mE A
The appropriation for School Current Expense shall be divided as follows:
County Unit $263,395.00
Chapel Hill Unit 264,71$.00
Total $528,110.00
The appropriation for School Capital Outlay shall be divided as follows:
County Unit 5330,500.00
Chapel Hill Unit 268,000.00
Total s548,500.00
Upon motion of Commissioner Ray, seconded by Commissioner Walker the
following Tax Levy resolution for the fiscal year 1967-1968 was duly adopted.
FUND RATE
Bond .0491
General .0200
Public Health .0580
Revaluation .0116
School Current Expense .2580
School Capital Outlay .3312
School Debt Service .1549
Welfare General .0718
Welfare A.F.D.C. .C198
Welfare A.P.T.D. .G120
Welfare M:A.A. .0000
Welfare O.A.A. .0136
Total Rate 51.0000
per $100.00 of property valuation
(1) A poll tax of $2.00 shall be levied an all male persons between the ages
of 21 years and 50 years. Twenty-five per cent (25%) of the proceeds of this
tax shall be deposited in the Welfare Accounts and seventy-five (75%) of the
proceeds will be deposited in the School Current Expense Fund.
(2) A Special School Tax of $0.29 on the $100.00 of property valuation shall
be levied on all property in the Chapel Hill School District.
(3) A Special Fire Tax of $0.10 on the $100.00 of property valuation shall be
levied on all property in the Greater Chapel Hill Fire District.
(4) A Special Fire Tax of $0.10 on the $100.00 of property valuation on all
property in the Colony Woods Fire Protection District.
(5) On each open female dog six (6) months of age or older the sum of $2.00,
on allother dogs the sum of $1.00.
(6) On each marriage license a tax of $4.00.
(7) In accordance with Section B of the Revenue Act (Article 2, Chapter $,
of the General Statutes) and any other section of the General Statutes there
is hereby levied a privilege license tax in the maximum amount permitted on
all businesses, trades, occupations, or professions which the County is
entitled to tax.
Upon motion of Commissioner Ward, seconded by Commissioner Walker, it was
moved and unanimously adopted, that Clarence D. Jones be re-appointed as a
member of the Research Triangle Regional Planning Commission.
Lawrence Alley, Engineer for the Industrial Park Water Project, presented a
program report. Mr. Alley emphasized the necessity for the completion of the
access road which runs parallel to I-85 as the pipe contractors would be
unable to complete their work.
Upon motion of Commissioner Ray, seconded by Commissioner Smith, it was
moved and unanimously adopted, that Mr. Alley be employed-to supervise the
survey and grading of the proposed access road.
There being no further business to come before the Board the meeting
was adjourned to meet again.on ,Tuesday, July 25, 1967 at 8 P.M. in the Community
Room of Orange Savings & Loan Association building in Chapel Hill, N. C.
Harvey D. Bennett, Chairman
Betty June Hayes, Clerk
S. M. Gattis, Acting Clerk
f