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06171946r226 pine 17, 1946 An adjourned regular meeting of the Board of Commissioners for the County of Harnett, North Carolina, was'held at the Courthouse in Lillington, North,Carolina, the regular place of meeting, on June 17, 1946; at 10 :00 o'clock A M. Present: Chairman, J B Ennis and Commissioners, R L Pate, A A Cameron, Ferd D Jackson and L R Byrd. Absent: None Commissioners Ferd D Jacksat,introduced the following bond order authorizing County bonds which was read: ORDER AUTHORIZING $750,00 SCHOOL BUILDING BONDS WHEREAS, the County Board of Education of Harnett County has certified to this Board a resolution passed by said County Board of Education on March 4, 1946 show - ing that it is- necessary in bider to maintain the constitutional six months' school tenpin Harnett Counts to erect new school buildings and remodel and enlarge existing school buildings, including the acquisition of necessary land and equipment therefor, as set forth in said resolution; and WHEREAS, the Board of Commissioners for the County of Harnett has carefully examined the facts and has determined and hereby finds as a fact that it has become the duty of said Board of Commissioners, acting as an administrative agent of the State in providing a -State system of public schools to order the issuance of a suffi d - ent amount of County bonds to provide the school improvements mentioned in said resolution, in-order to maintain the constitttional six month's school term in Harnett County; Now, therefore, BE IT ORDERED AND RESOLVED by the Board of Commissioners for the County of Harnett 1. That, - pursuant to the County Finance Act; as amended, bonds of Harnett County be issued in an amount not exceeding *750,000 for the purpose of providing funds for erecting new school buildings, and remodeling and enlarging existng school buildings, including the acquisition of necessary land and equipment therefor, in order to maintain the constitutional six month's school term in Harnett County, as follows: - Erecting new school buildings and remodeling or enlarging existing school buildings at the following schools: Anderson Creek School Dunn Schools Erwin Schools LaFayette School Boone Trail School Harnett County Training School for negro children Angier School Benhaven School Coats School Lillington School Shawtown (negro) School Erecting new school buildings as follows: Buies Creek School Johnsonville Township (negro) school 2. That a tax sufficient to pay the principal and interest of said bonds when due shall be annually levied and collected. 3. That a statement of th9 County debt has been filed ttith the Clerk and is open to public inspection. 4. That this order shall take effect when approved by the voters of the voters of the County at an election as provided by law. The Board thereupon designated the County Accountant as the officer to make and file with the Clerk the statement of debt and assessed valuation required by the County Finance Act, as amended, to be filed before the final passage of the bond order this day tntrdduced. Thereupon the County Accountant filed with the Clerk in the presence of the Board, the statement of debt and assessed valuation as required by said County Finance Act, as amended. The order authorizing $750,000 School Building Bonds was thereupon passed on first reading. And thereupon the Board flied 10 :00` o'clock A M July 1, 1946 as the date and hour for the public hearing as required by the County Finance Act, as amended, and directed to Clerk to Publish the bond order which had been introduced this day, to- gether with the appended note,as required by said Act, in the Harnett County News not later than the tenth day before said date. Following the introduction of the foregoing bond order, the following statement was filed by the County Accountant of Harnett County., North Carolina. 227 1 • • 1. HARNETT COUNTY STATEMENT CONCERNING SCHOOL INDEBTEDNESS I, H D Carson, Jr., County Accountant of Harnett County North Carolina, do mkke and file the following staterpent of the financial condition of said County, having been designated by the Board of Commissioners for that purpose. Said statement in- cludes a statement of debt:; incurred and to be incurred for school purposes under orders either introduced or passed, whether evidenced by bonds, notes or otherwise, and whether incurred by original creatiLm of the debt or by assumption of debt, including debt incurred by the County Board of Education, and including debt to the State or any department thereof, but not including obligations incurred to meet appro- priations in anticipation..of revenues to an amount not exceeding the amount of the last preceding tax levy for school purposes(except such thereof as are to be funded under bond orders introduced or passed, which obligations are included), nor including debt incurred in anticipation of the sale of any kind of bonds except fund- ing and refunding bonds. 4a) The assessed valuation of property $27,957,474 as last fixed for county taxation (b) Outstanding school debt $346,750.00 (c) Bonded debt to be incurred under orders either introduced or passed: School Building Bonds $ 750,000 (d) The sum of items (b) and (c) $1,096,750 (e) School sinking funds, being money or investments thereof pledged and held for the payment of principal $ 51,060.00 of outstanding school debt (f) School credits, being prin- cipal sums owing to the county from school districts which are pledged to an when col- lected will be used in the retirement of outstanding school debt (g) Amount of tnissued funding and refunding school bonds included in gross debt , (h) The sum of items (e), (f) and (g) (i) Net school debt, being the sum by which item (d) exceeds item (h) • (j) The percentage that the net school debt bears to said assessed val- uation 3 • 7 None 451,060.00 1,045,690 H. D. Carson, Jr., County Accountant The Board of Commissioners recessed its meeting to reconvene on Wednesday, June 19, 1946 at 10 :00 o'clock A. M.