1123193130
The following resolution was adopted by the Board at their meeting on October
5th. 1931:
RESOLUTION:
RESOLVED, that whereas, %Mary E. Byrd is now the owner of that tract of land
deseribed,in the deed of J.0. West, Commissioner to the County of Harnett, which
deed was executed under authority of order of sale contained in an action of the
County of Harnett against S.F. Dorman and Maggie Dorman;
NOW THEREFORE, be it resolved that the Cotgnty of Harnett convey aaid lands
described in said deed of trust to Mary E. Byrd for the sum of $216.00, and that
upon receipt of said sum the Chairman and the Clerk-execute proper deed conveying
the same to Mary E. Byrd.
The November 5th. 1931 meeting was then adjourned Sine Die.
Clerk to Board.
' November 23rd. 1931.
The Board of Commissioners of Harnett County met in Call session with all members
present. Also I.R.Wylliams, County Attorney was present.
Resolved that the County of Harnett sell and convey to Miss Bettie Pipkin
upon request of S.D. Brantley the lands formerly owned by S.D. Brantley in Lilling-
ton Township, containing 50 acres for the sum of $299.60 Cash.
It was ordered that affidavit of J.E.Dupree, former.County Accountant and certifi-
cate of J.0. West, former County Attorney be accepted and ordered recorded in
Minute Docket.
STATE OF NORTH CAROLINA:
COUNTY OF HARNETT:
I, J.E. Dupree, being duly sworn upon oath, do depose and say that I was
the County Accountant of Harnett County, North Carolina, from San. 1st. 1929 to
Dec. 1st. 1930, and that it became necessary for the - County of Harnett to borrow
money during my administration for the purpose of paying off principal and inter-
est of outstanding bonds ans for other necessary expenses of the County and that
the Board of Commissioners of said County did issue-and sell $75,000 6% notes,°
dated August 15th. 1929, and maturing February 15th.'1930, part of the proceeds
of said notes being used to pay off principal and interest of maturing bonded
indebtedness.
I further depose and say that the collectioll of'taxes of said County had nat
been sufficient to pay off these notes in full as the time of maturety approached
and that the Board of Commissioners did issue and sell $55,000 5.2% Notes, dated
January 27th. 1930, and maturing July 27th. 19301 and that the proceeds of these
notes were used, along with tax money on hand, to pay off She foregoing $75,000
notes.
I further depose and say that at the beginning of the fiscal year July lst.,
1930, the County al had no funds with which to pay necessary expenses and that the
Board of Commissioners authorized, issued and sold $5,0,000 44 notes, dated July 9th.
1930 and maturing January 9th. 1931, which were for the purpose of securing. funds
with which to pay necessary expenses, including principal and interest of out-
standing lion e;e c&n tedness •
I further depose and say that on the approach of the date of maturety of the
$55,000 notes outstanding issued in January, 1930, we found that we would not
have sufficient funds to pay off same, whereupon the. Board of Commissioners
authorized, issued and sold $65,000 44$ notes, dated July 22nd. 1930, and matur-
ing January 22nd. 1931, and that $55,00 of these funds were used for the pay-
ment of the $55,000 Notes maturing July 27th. 1930 ►
I further depose and say that the common custom was to issue new County notes
in time to sell, and deliver same to pay off the maturing notes with the proceeds
from the sale of said notes. This was the common custom in Harnett County, and
in reality, was simply extending the time of payment or renewing the outstanding
indebtedness.
31
Subscribed and corn to before me this
the 12th. day
Lila
(N.P.SEAL)
My commission
of November, 1931.
Godwin, N.P.
expires 4 -9 -32.
J.E. Dupree
County Accountant and Chief
Financial Officer of Harnett
County, N.C. during the years
1929 and 1930 as above set forth.
Caldwell and Raymond,
115 Broadway,
New York City.
Dear Sire:
I, J.O. West, Attorney of Dunn, Harnett County, BortheCerolina, do
hereby certify that I was County lttorney for Harnett County during the years
1929 and 1930, and that during my administration it became necessary for the
County sd borrow money to pay off maturing bonds And interest thereon and other
necessary County expenses, and that the Board of Commissioners of said County
did issue and sell $75,000 6% notes, dated August 15th.1929, and maturing Feb.
15th. 1930, for the above purposes. ;.As the time of maturty of these notes ap-
proached, we found that it would be necessary to borrow a part of the funds to
pay off same and the Board of Oommissioners did issue and sell $55,000 50 notes,
dated January 27th. 1930, and maturing July 27th. 1930, and that the proceeds
of these notes were used, along with tax money on hand to pay off the foregoing
$75000.00 notes.
At the beginning of the fiscal year July 1st. 1930, the County had
no funds with which to pay necessary expenses and meet maturing bonds and inter
es$,and the Board of Commissioners authorized, issued and sold $50,000 44% notes
dated July 9th. 1930 and maturing January 9th. 1931, for the purpose heretofore,
mentioned, and that as the time of meturety, July 27th. 1930, of the $50,000
notes issued in January, approached, the County ound that it was absolutely
necessary to Issue notes with which to secure funds to pay off same, and the
Board of Commissioners authorized, issued and sold 465,000 4i notes, dated
July 22nd. 1930, and maturing January 22nd. 1931, and that $55,000. of these
were used for paying off a like amount aof notes issued in January.
The resolutuons authorizing these notes and the notes themselves do
not show that they were renewals but the common cutom in Harnett County was to
issue new tax anticipation notes unaer Eeetion 4 of the County Finance Act and
sell same and pay off the matureing notes with the proceeds derived therefrom.
It di my information that this was the custom in many of the North Carolina
Counties, and, in reality, was a renewal of the outstanding notes for the pur-
pose of extending the indebtedness from time to time, and while this was not
in accordance with the strict letter of the law, it was the general practice
so far as I know in most of the Counties in the State.
Yours very truly,
3.O.West
County Attorney,Harnett County,N.C•
for the years 1929 and 1930.
STATE OF NORTH CAROLINA:
COUNTY OF HARNETT. Lillington, N.C.
November 23rd. 1931.
The Board of County Commissioners of Harnett County, Nortb Carolina, met in
called Session at the Court House in the Town of Lillington, North Carolina, on the
23rd. day of November, 1931, the following membdrs present:
J.W. Belford, Chairman, J.H. Williams,Jr, Member, E.L. Cooke, member, J.B. Ennis,
member, H.M. O'@,zinn, member, Edwin Harrington, Clerk.
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS FOR THE COUNTY OF HARNETT? North
Carolina:
Section 1: This Board of Commissioners does hereby find and determine as a
fact the following:
(a) The Board of 4ommissioners, by appropriate resolut ion authorized the
issuance of Seventy Five Thousand ($75,000.00) Dollars of 6% Revenue Anticipation
notes of Harnett County, dated August 15, 1929, and maturinf February 15, 1930, a
portion of the proceeds of which notes were Iced to pay principal and interest
on the following outstanding bond issues of the Coun*,y of Harnett:
Title of Issue Date of Issue Amount of Issue Date and Am ount
paid on principal
and interest.
Roads and Bridges 5% Dec.15,1926 4100,000.00 Dec.15,1929 $2500.00
Bridge Bonds 5 Jan. 1, 1909 38,000.00 Jan.1,1930 2503.75
Roads and Bridges Jan. 1,1925 40,000.00 Jan. 1,1930 2825.00
County Home July 1,1928 35,000.00 Jan. 1, 1930 972.50
Roads and Bridges 6% Feb. 15, 1922 150,000.00 Feb. 15, 1930 7334.55
Roads and Bridges 5% Nov. 1, 1923 40,000.00 May 1, 1930 771.93
Roads and Bridges 5%r Dec. 15, 1926 100,000.00 June 15,1930 2500.00
Bridge Bonds 5% Jan. 1, 1909 38,000.00 July 1, 1930 450.00
32
Roads and Bridges i% Jan, 1, 1924 $40,000.00 July 1,1930 4770.00
County Home _ July 1, 1928 35,000.00 July 1, 1930 1807.00
(b) The Board of Commissioners, by appropriate resolution authorized the
issuance of Fifty Thousand 050,000.00) tellers of 46. Revenue Anticipation Notes
of Harnett County, dated July 9, 1930, and maturing January 9, 1931, a portion of
the proceeds of which notes were used to pay principal and interest on the follow-
ing outstanding bond issue ofnthe 'county of Harnett:
TITLE OF ISSUE Date of Issue Amount of Date and amount paid on
dg 4150,000.00 Aug. 15,1930 Interest
Roads and Bridges 6 Feb. 15, 1922
(c) The Board of 0ommissioners, by appropriate resolution authorized the
issuance of Thirty Five Thousand 035,000.00) Dollars pf 44 Revenue Anticipation
Notes, dated October 20, 1930, and maturing April 20, 1931, a portion of the pro-
ceeds of which notes were used to pay principal and interest on the following out-
standing bonfs issuesof the County of Harnett.
TITLE OF ISSUE Date of Issue Amount of Issue Date and Amount paid on principal
and interest.
Roads and Bridges 5%O Nov. 1,1923 440,000.00 Nov. 1,1930 42770.00
Roads and Bridges 5% Dec.15,1926 100,000.00 Dec. 15,1930 .2500;00
Bridge Bonds 5 %°Jan.1,1909 38,000.00 Jan. 1,1931 '.2450.00
Roads and Bridges 5 Jan. 1, 1924 440,000.00 Jan. 1, 1931 2770.00
County Home 4Q% July 1, 1928 35,000.00 Jan. 1,1931 :1785.75
Road and Bridges 6% Feb. 15,1922 150,000.00 Feb. 15, 1931 7230.00
Road and Bridges5% Nov. 1,1923 40,000.00 May 1, 1931 715.00
Roads and Bridges5%o Dee, 15, 1925 100.000.00 June 15, 1931 2500.00
(d) The Board of Commissioners, by appropriate resolution authorized the issuanc
of Fifty Five Thousand (455,000.00) Dollars of 5i% Revenue Anticipation Notes,dated
January 27, 1930, and maturing July 27, 1930, the proceeds from which notes were
used to pay a like amount of the Seventy Five Thousand (475,000.00) Dollars 6%
Revenue Anticipation Notes dated August 15, 1929 and maturing February 15, 1930
the balance of said Seventy Five Thousand (475,000.00) D llars of note being paid
of tax collection.
(e) The Board of Commissioners by appropriate resolution authorized the issuance
of Sixty Five Thousand (465,000.00) Dollars 4*$ Revenue Anticipation Notes, dated
July 22, 1930 and maturing January 22, 1931, a portion of the proceeds of which notes
were used to pay the Fifty Five Thousand (455,000.00) Dollars of 54,% Revenue Antic-
ipation Notes dated January 27, 1930 and maturing July 27, 1930. Tose notes were
paid by part of an issue of Revenue Anticipation Notes in the amount of Sixty Five
Thousand Dollars dated January 19, 1931 and maturing June 19, 1931 and subsequent
renewal notes in like amount were issued on June 19, 1931, and maturing July 30,
1931 and again on July 20, 1931 and maturing October 30, 1931.
(f) The Fifty Thousand Lollars of 46 Revenue Anticipation Notes, dated July 9
1930 and maturing'January 9,`1931 were paid by an issue of three months renewal note.
(g) This Board of Commissioners, by appropriate resolution authorized the
issuance of Seventy Thousand Nollars 6% Revenue Anticipation notes, dated April 20,
1931 and maturing July 20, 1931, Fifty Thousand Dollars of said notes being used
to pay the three months' renewal notes mentioned "in the proceedings paragraph and
the remaining Twenty Thousand (420,000.00) Dollars of said notes being used to pay
a like amount of the Thirty Five Thousand Dollars of 4*%o Revenue Anticipation Notes
dated October 20, 1931, and maturing April•20, 1931, the balancehiof said notes being
paid odt of tax moneys.
(h) The Seventy Thousand Dollars of 6% Revenue Anticipation notes, dated April
20, 1931, and maturing July 20, 1931 were paid by an issue of renewal notes dated
July 20, 1931 and maturing October 20, 1931, and the latter issue was paid by the
issuance of Sixty Five Thousand Dollars of Revenue Anticipation Notes, dated Oct.
20, 1931 and due November 2.0, 1931, the remaining Five Thousand Dollars being paid o
tax moneys.
On Motion of Mr. E.L. 400ke and seconded by Mr. J.B. Ennis, the foregoing
resolution was adopted by the following roll call vote, to -wit:
Commissioners Voting in favor of said resolution:
J.W. Halford,Chairman, J.H. Williams,Jr. Member, E.L. Cooke, Member, J.B. Ennis
member, H.M. O'QUinn, member
No Commissioners voting against said resolution.
STATE OF NORTH CAROLINA: Millington, N.C.
COUNTY OF HARNETT: Nov. 23rd. 1931.
RESOLVED that pursuant to Sectipn 5 of the County Finance Act as amended
by election 63 of the Local Government Act of 1931 as amended, for the purpose of
paying the principal or interest of bonds or notes issued for necessary expenses
evidencing indebtedness incurred before March 18, 1941, and due or to become due
within four months and not otherwise As adequately provided for, the County of
Harnett shall borrow 465,000.00 in anticipation of the receipt of the revenues of
the current fiscal year, and issue notes therefor, dated November 20th. 1931, and
maturing January 20th. 1932, bearing interest at the rate if 6% per annum, payable
at maturety, principal and interest payable at The Chase National Bank in New York
New York, in denomination of 45000.00 each, numbered from 1 to 13,inolusive, and
issued in substantially the following form to -wit:
NO
UNITED STATES OF AMERICA
STATE OF NORTH CAROLINA:
COUNTY OF
REVENUE ANTICIPATION N
e
it of
33
The County of Harnett, in the State of North Carolina, for value received
hereby promises to pay to the bearer hereof the sum of $ D olli rs on the
day of ,19 with interest thereon from the date hereo until paid at the
rate of — per Dent per annum, payable at the maturety hereof. Both pfineipal
and interest of this note payable gold coin of the United States of the present
standard of weight and fineness at the Bank, in the City and State
of New York.
This note is issued under and pursuant to Section 5 of The (county Finance
Act as amended by Section 63 of the "'Deal Government Act of 1931 as amended, for
the purpose of paying the principal �r interest of bonds or notes for neoessary
expenses evidencing indebtedness incurred before March 18, 1931, and due or to
become due within four months and not otherwise adequately provided for in antic-
ipation of the receipt of the revendes of the current fiscal year.
It is hereby certified and recited that all conditions, acts and things
required by the ,,onstitution or Laws f the State of North Carolina to exAst, be
performed and have happened and that this note, together with all other indebt-
edness of the County of ii: is within every debt and other limit prescribed
by the said Constitution of Laws. The full faith and credit of the said County
of are hereby pledged to the punctual payment of the principal and in-
terest of this note. }
IN WITNESS WHEREOF the County of has caused this note to be
executed under the seal of the County by the Chairman and the Clerk of the Board
of County Commissioners. Dated as of 19 .
Chairman
Clerk
CERTIFICATE OF CHIEF FINANCIAL OFFICER.
This note is issued under section five of The county finance Act as amended
by Seotion 63 of the Local Government Lot of 1931 as amendea, for the payment of
principal at interest of bonds or notes.
County Auditor Accountant and
Chief Financial Officer.
HE IT FURTHER RESOLVED? That the Chairman, The Clerk of this Board, the
County Accountant and the County Attorney, be and they are hereby authorized and
directed to execute said notes; and the State Treasurer is hereby requested to
deliver the same in accordance with said exchange on receipt of a like face
amount of notes of said County maturing November 20th. 1931, said notes to be
cancelled and delivered to the proper County officials.
On motion, duly duly seconded, a roll call vote was had, and all of the five
members were present and voted in favor of the said resolutions, none being absent
The Board is composed of five duly elected, qualified and acting members,viz:
J.W. Raiford, Cheirmen,E.L. Cooke, H.M. O'q,}linn, J.H.Willfams,Jr, and J.B. Ennis;
and Edwin Harrington, is Clerk of said Board; and all of the members were duly
notified of this meeting. The First Citizens Bank and Trust Company of Dunn, N.C.
is County Treasurer, J.S. McLean is County Auditor, Accountant and Chief Financial
Officer and I.R. Williams is County Attorney.
Assessed value for
taxation,year 1930.
Total Bonded debt
Floating debt in-
cluding this issue
Total Debt
FINANCIAL STATEMENT.
$24,667.013.00
1,519,910.00
135,000.00
1,654,910.00
*mount lent State
Highway Commission: None
Total sinking fund: Hone
Total annual income
for all purposes $695,000.00
Population 1930 census 38,019
Has the County ever been late in the payment of principal or interest of any of
its bonds or notes: No
For information address; Hon. I.R.Williams, County Attorney, Dunn, N.C.
It was then ordered that the Board adjourn Sine lie: