09161940206
September 16, 1940.
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 usual place of meeting on September 16, 1940 at
2:00 O'clock P.M.
Present: J.B•Ennis, Chairman; L.R.Byrd, Ferd D.Jackson, R.L.Pate and
A.A.Cameron.
Absent: None.
Commissioner L.R.Byrd introduced the following bond order authorizing
County Bonds, which was read and is as follows:
ORDER AUTHORIZING $30,000 REFUNDING SCHOOL BONDS
BE IT ORDERED AND RESOLVED by the Board of Commissioners for the County
of Harnett:
1. That bonds of Harnett County be issued pursuant to the County
Finance Act, as amended, in an amount not exceeding $30,000 for the purpose
of refunding a like amount of the principal of valid subsisting bonded
indebtedness which was lawfully incurred by the school district hereinafter
mentioned for erecting and equipping a school building necessary for
maintaining the constitutional six months' school term and was thereafter
assumed by Harnett County, which indebtedness is evidenced by $30,000 Coats
School District School House Bonds, dated November 1, 1920 and maturing
November 1, 1940.
2. That a tax sufficient to pay the principal and interest of said
$30,000 Refunding School Bonds herein authorized shall be annually levied
and collected.
3. That a statement of the debt of the County has been filed with the
Clerk and is open to public inspection.
4. That the holders of said $30,000 Refunding School Bonds shall be
subrofated to all the rights and powers of the holders of the indebtedness
so refunded.
5. That this order shall take effect upon its passage and shall not be
submitted to the voters.
The Board thereupon designated the County Accountant as the officer
to file with the Clerk the statement of debt and assessed valuation required
by the County Finance Act to be filed before the passage of the bond order
this day introduced.
207
Thereupon the County Accountant filed with the Clerk, in the presence of
the Board, the statement of debt and assessed valuation as required by Section
13 of the County Finance Act.
The order authorizing $30,000 Refunding School Bonds was thereupon passed
on first reading..
And thereupon the Board fixed 10:00 O'clock October 7, 1940, as the hour
and date for the public hearing as required by Section 16 of the County Finance
Act and requested the Clerk to publish the bond order which had been introduced
this day, together with the appended note as required by Section 16 of said
Act, in the Harnett County News not later than the 10th. day before said date.
There upon the Board adjourned to meet at 10:00 A.M.October 7, 1940.
HARNRl'T COUNTY
STATEMENT CONCERNING SCHOOL INDEBTEDNESS
I, H.S.Freeman, County Accountant of Harnett County, North Carolina, do
make and filed the following statement of the financial condition of said County,
having been designated by the Board of Commissioners for that purpose. Said
statement includes a statement of debts 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 creation 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 appropriations 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 funding and refunding bonds.
The assessed valuation of property as last
fixed for county taxation
Outstanding school debt
Bonded school debt to be incurred
under orders either passed or
introduced: Refunding School Bonds
The sum of items (b) and (c)
School sinking funds, being money or
investments thereof pledged and held
for the payment of principal of
outstanding school debt
School credits, being principal slims
owing to the county from school districts
which are pledged to and when collected
will be used in the retirement of
outstanding school debt
Amount of unissued funding and refunding
school bonds included in gross debt
The sum of items (e),(f) and (g)
Net school debt, being the sum by which
item (d) exceeds item (h)
The percentage that the net school debt bears
to said assessed valuation
636,920.71
30,000.00
3 20, 315, 338.00
None
2,000.00
30,000.00
3.125%
666,920.71
32,000.00
634,920.71
H. S. Freeman,
County Accountant.
North Carolina -- Harnett County:
Subscribed and sworn to before me this 16 day of September, 1940.
(SEAL) my com. exp: May 23, 1942
Lola O'Quinn
N.P.
208
The following road petitions were approved and ordered forwarded to State
Highway and Public Works Commission:
-(1) Be it resolved by the Board of Commissioners of Harnett County, that
the State Highway and Public Works Commission be, and they are hereby
respectfully requested to immediately grade and surface -treat Harnett County's
No. 1 State Road Project (it being Temporary State Highway to. 40) from
Mingo Creek on the Johnston and Harnett County Line west of Benson, N.C.,
through Coats to Buie's Creek, N.C. thereby co- operating with the authorities
controlling that part of the work which is to be done in Johnston County on
this project.
(2) To improve or construct a road in Buckhorn Township beginning at
residence of Joe Penny and running in easterly direction through the property
of O.D.Lyon, R.C.Lockamy and G.T.Watkins to the Harnett -Wake County line a
distance of approximately 1/4 mile.
(3) That the public road leading from Highway No. 55 at a point opposite
the home of Nadia W.Ennis, about three miles North of Coats, N.C., eastwardly
and into the Public road leading from Green Ford near the home of Eddie Parrish
to Coats, N.C., shall be taken over for maintenance by the State Highway and
Public Works Commission, the distance being 8/10 of a mile.
It is ordered that upon payment to the County by Mrs. O.S.Atkins of the
sum of $290.50, the lien of the County of Harnett for taxes for the year 1927
and 1928, assessed against house and lot on Front Street (residence) in
Lillington, listed to Mrs. M.L.Salmon for said year, shall be fully discharged
and released.
It is further ordered that upon payment t� the County of Harnett by
Mrs. 0.S.Atkins, of the sum of $62.25, the lien of the County of Harnett for
taxes for the year 1927 and 1928 assessed against one lot on Front and 10th.
Street, 165 x 330 feet, in Lillington, N.C., listed to Mrs. M.L.Salmon Estate
for said years, shall be fully discharged and released.
The Board ordered a formal application filed with Local Government
Commission for approval of issuance of $30,000.00 County of Harnett Refunding
School Bonds, and designated the County Auditor as their agent to file same.
The Board recessed to reconvene on Monday, September 23rd. 1930 at
2:00 Otelock P.M.
Clerk
Chairman
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