02061929341
February 6, 1929.
* ** ` *ADJOURNED MEETING* * x
An adjourned meeting of rebruary 4th 1929.
The Board was called to order by the Chairman. The r'ollowing
members were present: John MCLe0d, Chairm. Stewart 'rurlington, 'd+. C. Lauder -
milk, am. Morgan also J. 0. Weft } Co. Atty. and D. H. Senter Co. Mgr.
The following protest was filed by H. C. Strickland citizen of
Angier, N. C. and was read to the board.After hearing the statements of
J. C. Clifford and other Citizens of Harnett County that they advocated the
ratifying of the bill, the board proceeded and adopted the resolutions
presented.
PROTEST OF H. C. S'TRICKLAND.
TO THE CHAIRMANA MEMBERS OF THE BOARD OF COM6MISSIONERS OF HARNETT COUNTY.N.C.
The undersigned citizen and tax payer of Harnett County, N. C.
hereby protest the action of your honorable Board by its pasage of a resolution
whereby 4150,000 of County 5% bonds were contracted to be sold to Bray Bros.
for par, interest, preparation of bonds and legal opinion free of cost to County,
plus premium of 41000. This resolution was passed January 29, 1929, and re-
passed & bonds authorized sold, etc. 2 -6 -29.
The basis of this Protest:
(1) The bonds had not, nor have they since been authorized by
General assembly of North Carolina,
(2) The Bonds had not nor have they since been advertised as
provided by law, and all bond buying houses have not had an oppurtunity to
bid on said bonds, and therefore, the county is not assured of having reoeihed
an offer approximating the full value of these Betide on the present Dpen
market,
Therefm e, the tndersigned requests that the former resolution
awarding these bonds to Bray Bros be rectnt for the reasons above state,
to the end that these bonds be authorized and advertised before being sold,
and that no private sale in violation of present law be countenanced.
This the 6th day of February, 1929. ii n
NO ACTION was taken on the above protest °Cu, .CStsskk"���a,assl
tri�d�
STATE OF NORTH CAROLINA,
HARNETT COUNTY.
List bond houses represented at.the sale of 4150,000 bonds of
Harnett County, N. 8. on January 29, 1929.
Rrabb.Binolsonma :,G &astontao,N. 0.
The Hanohett Bond Company, Chiago, I11.
The Weil, Roth & Irving Compnny, Cinoinatti, Ohio
Walter, Woody & Heimerdinger, Cincinatti, Ohio
Taylor, Wilson & Co. Cincinnati, Ohio.
A. T. Bell & Co. Toledo, Ohio
Provident Savings Bank & Trust Co., Cincinnati, Ohio
Magnus & Co. Cincinatti, Ohio.
C. W. McRear & Co. Chicago, I11.
Eastern Bond & Mortgage Co., Williamston, N. C.
Prudden & Co., Toledo, Ohio
M. F. Schlater & Co., New York City,
Stranahan, Harris & otis, Toledo, Ohio
John J. George, Cherryville, N. C.
I, Thad H. Pope, register of deeds of Harnett County, N. C. Do
hereby certify that the foregoing list is a true copy transcribed from Minute
Book f 5, at page of the meeting of January 29th, 1929, held by the Board
of Commissioners of tarnett County.
WITNESS MY HAND AND THE SEAL OF MY OFFICE this the 6th day of
February, 1929.
Thad H. Pope Register of Deeds
Harnett County, N
ORDERED BY THE BOARD OF COUNTY COMMISSIONERS OF HARtNETT COUNTY:
1. That bonds of Harnett County shall be issued for the purpose
of funding indebtedness incurred for carrying on at least a six months school term
in Harnett County, same being a part of the uniform state system of public s.
School required by the Constitution of the State of North Carolina, to the
aggregate principal amount of 485,000.00.
2. That a tax sufficient to pay the principal and interest of the
bonds when dne shall be annually levied and collected.
3. That a statement of the County debt has been filed with the Clerk
and is open to public inspection.
4. The foregoing order was passed on the 6th day of February, 1929,
and shall take effect upon its passage and shall not be submitted to the vote
n motion of Mr. Stewart Turiington, seconded by Mr. W. C. Iaudermil
the foregoing order was passed sw the following roll -call vote, to wit:
Commissioners voting in favor of order: John McLeod, Chairman,
William Morgans Stewart Turlington, W. C. Lowdermilk,
No gommissioners voting against said order.
STATE OF NORTH CAROLINA,
COUNTY OF HARN.TT
I, Thad H. Pope, Clerk of the Board of County Commissioners of Har-
nett County, North uarolina, do hereby certify that the foregoing is a true
correct copy of an order passed by said Board at an adjourned meeting held in
the court house in Lillington, N. C on February 6th, 1929, as all ott which
appears of record on the minutes of said Board in my office.
I further certify that said Board is composed of four members and
that four members were present at said meeting and that four members voted in
favor or the passage of said order.
IN WITNESS WHEREOF, have hereunto set my hand and the seal of sal
County is hereunto affixed, this the 6th day of February, 1929.
Thad H. Pope, Clerk, Board of
County Commissioners
1
ANCIAL STATEMENT:
STATEMENT OF DEBT INCURRED AND TO BE INCURRED FOR SCHOOL PURPOSES
OF HARNETT COUNTY? NORTH CAROLINA, MADE AND FILED PURSUANT TO SECTION 13 OF T
COUNTY FINANCE ACT, AT THE TIME OF THE PASSAGE OF THE ORDER OF TBE BOARD OF
COUNTY COMMISSIONERS ON FEBRUARY 6th, 1929, AUTHORIZING THE ISSUANCE OF
$85,000 FOR SOHOOL PURPOSES
(a) Assessed valuation of property as last fixed fgr
County Taxation - - - - - - -- - - - - - - - - - -$ 24,298,250.80
(b) Outstanding school debt:
Bonded . . . . . .3596,000
State Loan,.' . y .. 362,105
(e) Bonded school debt to be incurred under orders
either passed or introduced'.. . . . . . 85,000.00
(d.) The sum of items (b) and (e) . . . . . . .1,043,105.00
(e) School singking fund as defined in the
County .Finance Act.' . . . hone
(f):Sehool credits as tefined in .
County
Finance Act . . . . . .,. . . . . . 362,105.00
(g) Unissued funding or refunding
school bonds included in gross debt. none
(h) The sum of items (e),(f) and (g) . .. . 362,105.00
( i ) Net school debt, being the sum by which item
d� eeceeds item (h) . . . . ... 681,000.00
(j) The percentage-that the net school dek
bears to the assessed valuation . . 2.8
Dated this 6th day of February, 1929.
S`IATr; 0? NORTH 0tutiOLINA
HARNET'T COUNTY.
J. E. Mipree, Chief Financial
Officer, Harnett County, N. C.
1 H wuoree being €tiny sworn, deposes and says that he is
Fine/Alai Finaiai uffic r of Hare t County, North Carglina, and that the foregoing
statement is true to the best of his knowledge and elief, and was made by him
and subscribed at the time of the passage of the order or orders refferred to
in the heading of said statment.
J. E. Dupree,
Sworn to and subscribed before me on the day and date of said statment.
Effie Davis, Notary Public,
My Gomm. Exp: March 3, 1929.
STATE OF NORTH CAROLINA,
COUNTY OF HARNETT.
I, Thad H. Pope, Clerk' of the Board of County Commissioners of
Harnett County, -North Carolina,' do hereby certify that the foregoing'
statement ant ae:coppanying affidavit were filed in my office on the day of the
of the said statement, at the time of the passage of the order or orders re.
ferred to in the heading of said statement, and remainetJon file in my office
open to public inspection.
IN WITNESS WHERbU, I have hereunto set my hand and affixed the seal
of said County, this the 6th day of February, 19}2.
x9 g p
TGQT�T$p mtSS1 oxriertso Board
date
Nib
•
le
erg
351
ORDERED BY THE BOARD OF COUNTY CUMMTSSIONLRS OF HARNETT UOUNTY.
1. That bonds of Harnett County shallbe issued for the purpose of
refunding outstanding bonded indebtedness due or to beoome due for necessary
expenses in the mazimum aggregate principal amount of $14,000.00.
2. That * tax sufficient to pay the principal and interest of the bonds
when due shall be annually levied and collected.
3. That a statement of the County debt has been filed with the Clerk
and is open to public inspection.
4. The foregoing order was passed on the 6th day of February, 1929, and
shall take effect upon its passage, and shall not be submitted to the voters.
On motion of Mr. W. C. Loudermilk, seconded by Mr. Stewart Turlington,
the foregoing order was passed by the following roll -call vote, to -wit:
Commissioners voting in favor of said order:
John McLeod, Chairman, W. C. Loudermilk,
William Morgan, Stewart Turlington,
No Commissioners voting against said order.
SPATS OF NOR'T'H CAnOLILVA,
COUNTY OF HARNETT. dd CC tt ii Harnett
t. Thad arj. alerdk to toy oervifyofthattiteCom egging 18 of County, ort Car ins, ®here and
correct copy of an order passed by said Board at an adjourned meeting held in
the Court house in Lillington, N. C. on February, 6th, 1929, as all of which
appears of record on the minutes of said Board in my office,
I further certify that said Board is composed of Four Members and that
four members were present at said meeting and that four members voted in
favor of the passage of said order.
IN WITNESS WHEREOF, I have hereunto set my hand and the seal of the said
County is hereunto affixed, this the 6th day of February, 1929.
Thad H. Pope, Clerk To Board
County Commissioners.
ORDERED BY THS BOARD OF COUNTY CUMMISSIONL,RS OF HARNETT COUNTY:
1. That bonds of Harnett uounty shall be issued for the purpose of
funding indebtedness Incurred for the necessary.ex�ppenses of erection and
pureha e o a County ome for the indigent and bnPirm in the maximum aggregate
principal amount of $7,000.00.
2. That a tax sufficient to pay the principal and interst of the bonds
when due shall be annually levied and collected.
3. That a statement of the County debt has been filed with the Clerk and
is open to public inspection.
4. The foregoing order was passed on the 6th day of February, 1929, and
shall take effect upon its passage. and shall not be submitted to the voters
On motion of Mr. Wm. Morgan, seconded by Mr. Stewart Turlingtoh, the fore-
going order was passed by the following oll -call vote, to wit:
g Uommiss overt voting in favor of said order:
John Mc od, Chairman,
W. C. Loudermilk,
'William organ, Stewart Turlington,
g No Commissioners voting against said order.
COUNTY OFNHARNETT.vLINA.
I, Thad H. Pope, Clerk to the board of County Commissioners of Harnett
County, North C rolina, do: hereby certify that the foregoing is a true and
4nd correct copy of an order passed by said Board at an adjourned meeting held
in the Court House in Lillington, N. C. on February, 6th, 1929, as all of which
appears of record on the minutes of said Board in my office.
I, further certify that said Board is composed of four members and that
four members were present at said meeting and that four members voted in Tabor
of the passage of said order.
IN WITNESS WEER OT, I have hereunto set my hand and the seal of the said
County is hereunto affixed, this the 6th day of February, 1929.
Thad H. Pope, Clerk, Board of Co.
Commissioners
ORDERED BY THE BOAR! OF COUNT`F UOMMISSIUNsRs OF HAhNis '2 COUNTY;
1. That bonds of Harnett County shall be issued for the purpose of funding
outstanding indebtedness i4ourred for necessary expenses of the erection and
purchase of a Court House addition it the maximum aggregate principal amount
of §15,000.00.
2. That a tax suffieient to pay the principal and interest of the bonds
when due shall be annually levied and collected.
3. That a statement of the County debt has been filed with the Clerk
and is open to public inspection.
d. The foregoing order was passed on the 6th day of Ffleuary, 1929, and
shall take effect upon its passage, and shall not be submitted to the voters.
On motion of Mr. Stewart Turlington, seconded by Mr. Wm. Morgan, the
foregoin gorder was passed by the following roll -call vote, to wit:
Commissioners voting in favor of said order:
John McLeod, Uhairm. Wm. Morgan, W. C. Loudermilk, Stewart Trulingtc
No Commissioners voting against said ordeb.
STATE OF NORTH-CAROLINA,
HARNETT COUNTY
n,
352
I, Thad H. Pope, Clerk to the Board of County Commissioners of
Harnett County, North Carolina, do hereby certify that the foregoing is a true
and correct copy of an order passed by said Board at an adjourned meeting held
in the court House in tillington,;N. C. on February 6th, 1929, as all of which
appears of record -bn the minutes of said Board in my office.
I further certify that said Board is composed of four members and that
four members were present at said meeting and that four members voted in favor
of the passage of said order.
IN WITNESS WHEREOF, I have hereunto set my hand and the seal of the sai
County is hereunto affixed, this the 6th day of February, 1929.
Thad H. Pope, Clerk, Board of
County commissioners,
ORDEREflY TEL' BOARD OF COUNTY COMMISSIONERS OF HARNETT COUNTY:
1. That bonds of Harnett County shall be issued for the purpose of
funding indebtedness incurred for necessary expenses of highway construction
or reconstruction, including bridges and culverts, in the maximum aggregate
principal amount of §30,000.00.
2. That a tax sufficient to pay the principal and interest of the bonds
when due shall be annually levied and collected.
3. That a statement of the County debt has been filed with the Clerk
and is open to public inspection.
4. The foreging order was passed on the 6th day of February, 1929, and
shall take effect upon its passage, and shall nbt be submitted to the voters.
On motion of Mr. Wm. Morgan, seconded by Mr. W. C. Laudermilk, the
foreging order was passed by the following roll -call vote, to wit:
Commissioners voting in favor of said order:
John McLeod, Chairman, William Morgan, W. C. Loudermilk, Stewart
Turlington,
No Commissioners voting against said order.
STATE OF NORTH uAROLINA,
HARNETT COUNTY.
I, Thad N. Pope, :lerk toy -thE Board of County Commissioners of Harnett
County, North Carolina, do hereby certify that the foregoing is a true and
correct copy of an order passed by said Board at an adjourned meeting held in
the Court House in killington, N. C. on February 6th, 1929, as all of which
appears of record on the minutes of said board in my office.
L further certify that said board is composed of four members and that
four members were present at said meeting and that four members voted in favor
of the passage of said order.
IN ovITNESS WHEREOF, I have here unto set my hand and the seal of the
said County is hereunto affixed, this the 6th day of .February, 1929.
Thad H. Pope, Clerk,
Board of County Commissioners.
FINANCIAL STATEMENT:
STATEMENT OF DEBT INCURRED AND TO BE INCURRED FOR OTHER THAN SCHOOL
PURPOSES; OF HARNETT COUNTY, NORTH CAROLINA, MADE AND FILED PURSUANT TO SECTION
13 OF THE COUNTY FINANCE ACT, AT THE TIME OF THE PASSAGE OF THE ORDER OF THE
BOARD OF COUNTY COMMISSIONERS ON FEVRUARY 6th, 1929, AUTHORIZING THE ISSUANCE
OF $65,000 BONDS FOR OTHER THAN SCHOOL PURPOSES,
(a) Assessed valuation of property as last
Fixed for County taxation . . . . . ... . . . . .$24,298,250.
(b) Outstanding debt for other than school purposes:
Bonded . . . . . . .$498,000.00
Bloating. . . . .None.
(e) Bonded debt to be incurred for other than school purposes under
orders either passed or intrndDced . . . . . . .65,000.00
(d) The sam of items (b) an&(c) . . . . 563,000.00
(e) Sinking funds (except school sinking - funds), being money
or investments thereof pledged and held for the
payment of principal of debt outstanding for other than
school purposes . .. . . . . . . . . . . . . 1 1 , 0 0 0 . 0 0 . s . 11,000.00
(f) Moneys payable to the County by a railroad or interurban rail
way company under contract, as all or part of tie cost
of grade crossing elimination, if such moneys are
pldeged to and when collected will be used in the
retirement of outstanding debt for other than school
purposes.. . . . § None
(g) Amount of unissued funding orfefundingbonds
not for school purposes included in gross debt . .lone.
(h) The sum of items (e) and (g) . . . .11,000.00
(i) Net debt for other than sehool purposes, being the sum by
which item (d) exceeds item (h) . . . 552,000.00
(j) The percentage that the net for other than
school purposes bears to said assessed valuation . .
3
or
1
Dated this 6th day of February, 1929.
J. E. Dupree, Chief Financial Officer,
Harnett County, N. C.
STATE OF NORTH CAROLINA,
COUNTY OF HARDDNETT. a t h C
FinanclAlE0ffl� Zedfbi r et bounty ,'ARRsearoilna;yandhihatetie foregoing
statement is true to the best of his knowledge and belief, and was made by
him and subscribed at the time of the passage of the order or orders
referred td) in the heading of said statement.
3. E. Dupree,
Sworn to and subscribed before me on the day and date of said statement.
Effie Davis, Notary Public,
My Comm Exp: March 3, 1929.
STATE OF NORTH CAROLINA,
HARN3'T'T COUNTY.
I, Thad H. Pope, Clerk of the Board of County Commissioners cof Harnett
County, North Carolina, do hereby certify that the foregoing statement
and accompanying affidavit were filed in my office of the day of the date of
the said statement, at the time of the passage of the order or orders
referred to in the heading of said statement, and remained on file in my
office open to public inspection.
IN WITNESS WHEaEOF, I have hereunto stet my hand and affixed the seal
of said County, this the 6th day of February, 1929.
Tad H. Pope Clerk Board of County
Commissioners.
STATE OF NORTH CAROLINA,
HARNETP COUNTY.
The Board of County Commissioners of Harnett County, North Carolina,
met in adjourned session at the Court House in the town of Lillington,
North Carolina, on the 6th day of February, 1929, the following members
being present:
John McLeod, Chairman, William Morgan, W. C. Loudermilk, Stewart
Turlington,
WHEREAS, Harnett County, North Carolina, has heretofore incurred
indebtedness for carrying on at least a six months school term in Harnett
County, same being a part of the uniform State system of Public Schools re-
quired by the Constitution of the State of North Carolina, to the aggregate
principal amount of 485,000 which indebtedness is now owing and due and the
County is unable to meet same and
WHEREAS, Harnett County, North Carolina, has heretofore contracted
indebtedness for necessary expense of Highway construction or reconstruction,
including bridges and culverts in the maximum aggregate principal amount of
$30,000; and for necessary expense of the erection and purchase of a Court
house addition in the maximum aggregate principal amount of 415,000;
and for necessary expense of erection and purchase of County home for the
indigent and infirm in the maximum aggregate principal amount of 47,000.00
and for necessary expense of refunding outstanding bonded indebtedness due
or to become due in the maximum aggregate principal amount of 413,000 which
indebtedness is now owing and due and the County is unable to meet same and
WHEREAS, the taxpayers of Harnett County are sufficiently burdened with
the present tax levy and a sufficient tax to pay this indebtedness should not
be assessed against the property of the County in any one y ear;
NOVA, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Harnett County, North Caroline, that p ursuant to The County Finance Aot and to
a bond order passed on February (th 1929, entitled, "Ordered by the Board of
County Commissioners of Harnett County," authorizing 485,000 Bonds, and to a
bond order passed February 6th, 1929, entitled, "Ordered by the hoard of
County Commissioners of Harnett County ", authorizing 430,000 Bonds, and to a
bond order passed on February 6th, 1929, entitled, 'Ordered by the Board of
County Commissioners of Harnett County ", authorizing 415,000 Bonds, and to a
bond order passed on February 6th, 1929, entitled, "Ordered by the Board of
County Commissioners of Harnett County ", authorizing 7,000 Bohds, and to a
ond order passes on February 6th, 1929, entitled, O dered by the Board of
County Commissioners ofn t County authorizing $ 3,000 bonds be and the
game are hereby consolidated and issued as one consolidated bond issue and. that
une e
aazerca said tepiinci al amount of the bonds of Harnett County North arolina,
orders shall be ONE HUNDRED FIFTY THOUSAND DOLLARS($150,000.)
to be known as "SCHOOL FUNDING, FUNDING AND REFUNDING BONDS ", issued for earryi
on at least a six months school term in Harnett County, same being a part of
the uniform State system of public schools required by the Constitution of the
State of North Carolina, and for necessary expense of Highway construction or
reconstruction, including bridges and :culverts, for necessary expense of the •
erection and purchase of a Court House addition, for necessary expense of erect:
and purchase of County Home for the indigent and infirm, and for necessary
expenses of refunding outstanding bonded indebtednesss due or to become due.
BE IT FURTHER RESOLVED that said bonds shall be in coupon form, regist -
erable as to both principal and interest, in the denomination kf 41,000.00
t
ng
3
each, numbered from one to one hundred fifty (1 to 150) both inclusive,
shall bear interest at the rate of Five per cent (5 %) per annutt. payable
semi-annually, both principal and interest payable at the CHASE NATIONAL
BANK, in the City and State of New York, shall be dated the first day of
February, 1929, and shall mature in their numerical order, beginning with
Bond No. 1, as follows:
5,000 on the first day of rebruary in each of the years 1934 to 1953, aid
$10,000 on the first day of February in each of the years 1954 to 1958 all
inclusive..
Said bonds shalibe signed by the uhairman of the Board of County
commissioners and attested by the Clerk of said Board, ant shall have the
seal of to County affixed thereto. The coupons thereto attached shall bea
signature of the Clerk of said Board, but his signature thereon may be by
lighographed or engraved fae - simile,
BE IT FURTHER RESORTED that said bonds and the coupons thereto
attached shall he in substantially the following form, to wit:
UNITED STATES OF AME TCA
STATE OF NORTH CAROLINA
COUNTY OF HARNETT.
SCHOOL FUNNING, FUNDING AND REFUNDING BOND
1,600.00
The County of Harnett, in the State of North Carolina, hereby ack-
nowledged itself indebted and for value recived promises to pay to Bearer, or
if this bond be registered, to the registered holder thereof, the sum of
ONE 'THOUSAND DOLLARS
($1,000) on the first day of February, 194, . and to pay the interest thereon
from the date of this bond at the Tateeof FIVE PER GENE (5 %) per annum,
payable semi- annually, on the first day of February and August in each year,
upon presentation and surrender of the annexed coupons therefor, as they severally
become due, or, if this bond be registered, to the person in whose' name it is
Registered. Both principal and interest are payable in lawful money of the
noted States of America, at the CHASE NATIONAT, BANK, in the City and State of
New York.
AI the request of the holder, upon presentation` of this bond, with all unmatured cpupons will be detached and cancelled and this bond registered in
the name of the holder on the books of the said Treasurer, After such registration,
noted hereon by such Treasurer, no transfer of this bond shall be valid, -,mess
made on said books by the registered owner inperson, or by attorney, and noted
herein by the Treasurer.
This bond is one of an authorized issue of one hundred fifty (150)
bonds of like date, tenor and efeet, except as to date of maturity, numbered
from one to one hundred fifty (1 to 150) both inclusive, aggregating ONE
HUNDRED FIF'T'Y THOUSAND DOLLARS (41509900), issued for the purpose of paying
outstanding indebtedness created for carrying on at least a six months
school term in Harnett County, same being a part of the uniform State system of
public sheools required by the Constituion of the State of North Carolina, fo'
necessary expense of highway confltrnotion or reconstruction, including bridges
and culverts, for necessary expense of the erection and purchase of a Courtg
House addition, for necessary expense of erection and purchase of a County
Home for the indigent and infirm, and for necessary expense of refunding
outstanding} bonded indebtedness due or to become due, under and pursuant to
The `County Finance Act and a resolution duly adopted by the Board of County
Commissioners of said County.
It is hereby certified, recited and declared that all acts, eonditioas
and things required by the constitution and Statutes of the State of North
Carolina to exist, happen and be performed, precedent ".d or in the issuance of
this bond, exist, have happened and have been performed, in due form and
manner, and that this issue of bonds, together with all. otper indebtedness
of the County of Harnett, is within every debt and other limit prescribed
by the Constitution and Statutes of said State.The full faith and credit of
said County are hereby pledged for the punctual payment of the principal and
interest hereof when due;
IN WITNESS WHEREOF, the said County of Harnett has pause d this
bond to be signed by the Chairman of as Boardoof County Commissioners and
attested by the Clerk of said Board, and the seal of the said County to be
affixed hereto, and the coupons hereto attached to bear the fae - simile sig-
nature of the Clerk of said Board, all as of the first day of February, 1929.
ATTES
Chairman Board of County Commissioners
lerk Board. of Gounty ommissionerz
X No. CalabiT CULIEUN J
425.00
On the first day of 19 , the County of Harnett, North
Carolina, will pay to Bearer, at the CHASE NATIONAL BANK, in the City and
State of New York, TWENTY *FIVE DOLLARS ($25.00) in lawful money of the
United States of America being six months` interest then due on its 4chool
Funding, Funding and Refunding Bond, dated Feb. lat, 1929, No. .
Clerk Board of County Commissioners,
INDORSEMENT ON BOND
It is hereby certified that at the request of the holder of the
within bond, I have this day out off and cancelled coupons attached heret
numbered from to _, inclusive, being coupons maturing from
19 , to 19 , inclusive, Hereafter no transfer thereof shall be
efflctual unless made on the books of the Treasurer of the County of Harnett
by the registered owner or his attorney and noted hereon, Dated
19 .
Treasurer.
DATE OF REGISTRATIO_N,IN WHOSE NAME REGISTERED TREASURER
BE IT FURTHER RESOLVED that the Treasurer is hereby authorized and
directed to provide a suitable book or books for the registration of such
bonds and carry out the provisions set forth in said bonds for the conversion .
of same into registered bonds and for the transfer thereof.
BE IT FURTHER RESOLVED that the proceeds of said bonds shall be
used ally for the purpose of paying outstanding indebtedness created for
carrying on at least a six months school term in Harnett County; same being
a part of the uniform State system of public schools required by the
Constitution of the State of North Carolina, for necessary expense of highway
construction or reconstruction including briges and culverts for necessary
expense of the erection and purchase of Court House addition, for necessary
expense of erection and purchase of a County Home for the indigent and infirm,
and for necessary expense of refunding outstanding bonded indebtedness due or
to become due.
BE IT FURTHER RESOLVED that there shall be annually levied and
collected, in the same manner as other taxes are levied and collected upon
property in the county, a tax ad valorem upon all the taxable property in
the County sufficient to pay the interest on said bonds as it falls due, and
the principal thereof at mautrity, which said tax and this resolution order-
ing the same, shall be and remain irrepealable as long as any of said bonds
shall remain outstanding and unpaid.
BF: IT jURTHER RESOLVED THAT THE SALE OF SAID BONDS TO BRAY BROS
Co. of Greensboro, N. U., at their bid of not less than Par is hereby confirme
and said bonds are hereby awarded to them, and the proper officials are author
ized and directed to execute and deliver said bonds to them on rectipt of
the purchase price.
On motion of Mr. Stewart Turlington, seconded by to r. Wm. Morgan,
the foregoing resolutions were adopted by the following roll -call vote, to At
Commissioners voting in favor of said resolutions;
John McLeod, Chairm,'Wm Morgan, Stewart Turlington, W.C. Loudermilk,
No Commissioners voting against said resolutions.
STATE OF NORTH CAROLINA.
COUNTY OF HARNETT.
It i'had 11. Yope, clerk to the soard of County Commissioners of
Harnett County, North C rolina, do hereby certify that the foregoing is a
true and correct copy of resolutions adopted by said Board at an adjourned
meeting held in the Court House in the Town of Lillington, N.C. on Feb. 6th,
1929, as all of which appears of record on the minutes of said board in
my office.
I Further certify that said Board is composed of four members and
that four members were present at said meeting and that four members voted
in favor of the .doption of said resolutions.
IN WITNESS WHEREOF, I have hereunto set my hand, and the seal of
said County is hereunto affixed, this the 6th day of ;February, 1929,
Iliad H. Pope,
Clerk, Board of County Commissioners.
RESOLUTION:
d,
4z
Y
e.
•
6
BE IT RESOLVED, that the matter of the ballances of the Bunn Sdhool
District coming up to be heard and it appearing to the Board that this matter
having been fought out before the former board of County Commissioners and
described by them that the Dunn Dist # 21 regain the monies held by them prior
to duly 1st 1927 it is the sense of this board that it would be unwise for
this Board to interfere with a prior agreement of the former Board and the
Dunn Dist, #.21.
It is ordered that the board adjourn until the First monday in
March unless calf again by the Chairman.
sue/ ���. ,
Clerk tb Board.
APPROVED:
»--
Chairman of Board.
-:GALL SESSION ''`_
Call meeting of the Board of County Commissioners February 22, 1929.
Board called to order by the Chairman.
RESOLUTION:
It is ordered that the County Accountant and Co. Attorney arrange for t e
renewal of X50,000.00 note due_: in New York, March 8th, also the Notes due at he
Bank of Lillington, Bank of Broadway and Commercial Bank of Dunn, on March 11 h;
1929, in the event that the procedes of the bond sale has not been received,
It is also ordered that the foriner resolutions be recorded authorizing
the issue of Notes to the amount of$35,000.00 in anticipation of the collect on
of taxes and that the Co. Accountant and County Attorney with the advice of
Chairman of Board be authorized to Negotiate the sale on best possible basis
if so much of these notes as may be absolutely necessary to pay expenses of
the County.
It is ordered that the board accept the resolution.
RESOLUTION:_
q WHEREAS, sufficient taxes have not been collected to pay appropriations
,I made for the current fiscal year 1928, Harnett County, and a temporary loan is
X49 necessary to meet such appropriations.
po° NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of
1, arnett County, North Carolina, that said County borrow, and. be authorized
ry�0' _to borrow, on the faith and credit of said County,' as provided in Section 4, o
pao "The County Finance Act. ", the sum of Thirty five Thousand and No[100 Dollars,
35,000.00) for the purpose of raising funds to meet the appropriations made
jfl ordinary expenses of said County, and the Chairman of this Board be and is her
by authorized to execute a note or notes' in the aforesaid sum, dated March 4;.
n� payable to bearer, signed by the said Chairman and attested by the Clerk to th
DDB Board, payable on the 4th day of June, 1929, and bearing interest at the rate
six per cent per annum, and that such note or nttes be negotiated and delivere
by the said Chairman for the pgrposes aforesaid.
•
0'
0
RESOLUTfo'
a, the Hloar
airman of Board of" `County Comet.
WHEREAS, it has become necessary for-RARNFAIT COUNTY to borrow money to
pay the principal or interest on bonds or notes to become due within fomr moat]
a d not otherwise adequately provided for.
NOW THEREFORE,-BE IT RESOLVED by the Board, of County Gq �eissionern of
ffJ1R-i TT4GOtWl -, North Carolina, that said Board be authorized to eTorrow on the
faith end credit of said County, the sum of Ninety thousand dollars ( *90,000.0
for the purpose of raising funds with which to pay the principal or 1a.terest o
onds or notes, either or both, to become due within four months, as provided
under. Section, 5 of fThe County Finance Act ", and the Chairman of this Board be
authorized to execute a note or notes for the aforementioned sum, dated March
- 6, 1929, Payable to bearer, signed by the Chairman of the Board, and attested
y the Clerk to said Board, payable on the 6th day of April, 1929 and bearing
interest at the rate of 6 per cent, per annum, and that such note or notes be
negotiated and delivered by the.said Chairman for the purposes aforesaid."
The•Board adjourned until the Ist
•
9 .. :4 f
Chairman.
?nday in March 1929
t`", a irman
929
f
5,
,