08121931ti
sy �
593 ,
August 12th. 1931.
The Board of Commissioners met in adjourned session Asti[ It the Court House
in the Town of Lillington,North Carolina, on the 12th. day of August, 1931, the
following Members present:
J.W.Halford,Chairman, E.L.Cooke,member, J.H.W1lllams,Jr, member, J.B. Ennis, member
and Edwin Harrington, Clerk.
WHEREASthis Board of Commissioners did introduce on lune, 1, 1931 two bond
orders aggregating 6135,000.00, which orders were finally passed on June 13th.1931,
entitled as follows "AN ORDER AUTHORIZING THE ISSUANCE OF SEVENTY FIVE THOUSAND
DOLLARS (675,000.00) FUNDING BONDS OF THE COUNTY OF HARNETT, NORTH CAROLINA "3 and
"AN ORDERER AUTHORIZING THE ISSUANCE OF SIXTY THOUSAND DOLLARS (660,000.00) SCHOOL
FUNDING BONDS OF THE COUNTY OF HLRNETT,NORTH CAROLINA ", and
WHEREAS, these orders do not correctly represent the purpose for which these
bonds are to be issued and the Board now wishes to withdraw and repeal said orders
as introduced, finally passed and all resolutions pertaining thereto;
NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of Harnett County,
North Carolina, that the orders herein referred to, the financial statements filed
with same, the public hearings of said orders and the resolutions authorizing said
bonds acid adopting the form thereof pawed on June 13th.1931, by and the same are
hereby withdrawn, repealed and made null and void.
BE IT FURTHER RESOLVED that a copy of these resolutions, including the preamble
be published in "The Lunn Dispatch ", of Dunn, N. . on Friday, August 14th.r: over the
signature of the Clerk of this Board.
Edwin Harrington, Clerk to Board of
Commissioners,Harnett County, N.C.
On mption of Mr. J.B. Innis, seconded by J.H.Williams,Jr, the foregoing pre -
ebles and resolutions were adopted by the following roll call vote, to -wit:
J.W. Halford,Gheirman,E.L. Cooke,member,J.B.Ennis, Member, J.H.Williams,Jr,member.
No Commissioners voting against said preaMbles and resolutions.
STATE OF NORTH CAROLINA:COUNTY OF HARNETT. Lillington,N.C' Aug.12,1931
The Board of bounty Commissioners of Harnett County, North Carplina, met
in adjourned session at the "ourt House in the Town of Lillington,North Carolina,
on the 12th.day of August,1951, the following members being present:
J.W. Halford,Chairman, E.L.Cooke, member, J.B.Ennis,Member, J.H.Williams,Jr.,member
and Edwin Harrington, Clerk.
Mr. E.L.Cooke introduced the following order providin:^ for the issuance of
$70,000.00 Bonds:
ORDERED BY THE COUNTY COL-- ThLISSIOfthRS OF HARNETT COUNTY? NORTH CAROLINA:
1. That Bonds of the "aunty shall be issued for the purpose of funding valid
indebtedness of the County incurred before July 1, 1931, and payable already7iithin
one year hereafter and incurred for necessary expenses which are also special pur-
poses within the meaning of the 'onstitution. The maximum principal amount of said
bonds is 670,000.00.
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 the County debt for other than school purposes has been
filed with the Clerk and is open to public inspection.
4. That this order shall take effect unon its passage and shall not be submitted
to the voters.
The introduction of the foregoing order was unanimous by the following roll -
call vote,ot -wit:
Commissioners voting in favor of the introduction of said order: J.W.Halford,
ChairLan,E.L. Cooke ,Member,J.H.WIlliam,sJember J.B. Ennis,member.
No commissioners voting against introduction of said order.
After the introduction of the foregoing order the County lccountant,''ounty
Auditor and Chief Financial Officer was directed to file with the Clerk of the Board
of Commissioners a financial statement of the Wounty in the form requiredby Scetion
14 of The County Finance Act. The said financial statement was thereupon filed with
the Clerk.
RESOLVED, that a public hearing upon the order entitled "Ordered by the bounty
Commissioners of Harnett County, Ndrth Carolina" authorizing the issuance of
670,000.00 Bonds, introduced at a meeting of the Board of Commissioners held on the
12th. day of august, 1931, shall be held on the 25th. day of August, 1931, at 10
o'clock, 1..,, at a meeting of the Board of Commissioners at L111ington,N.C.
FURTHER RESOLVED, the Clerk of the Board of Commissioners is hereby directed to
publish said order in "The Lunn Dispatch ", a newspaper published in the County of
Harnett. with a statement immediately below the same in substantially the following
form:
"The foregoing order has been introdiced and a sworn statement has been filed
under The " ounty Finance Act showing the assessed valuation of the County to be
624,667,013.00 a,:d the net debt for other than school purposes including the proposed
bonds to be x;727,000.00. A -be: C1 be levied for the payment of the proposed bonds
and interest if the same shall be issued. Any citizen or taxpayer may protest against
the issuance of such bonds at a meting of the Board of Commissioners to be held at
10 o' lock, A.M. on the 25th. day of August, 1931, or an adjournment thereof, at the
Court'`House in Lillington, North Carolina.
Edwin Harrington,Clerk,Board of Gomm."
The foregoing resolutions were unanimously adopted by the following roll call
vote,to -wit:
Commissioners voting in favor of the adoption of said resolutions :J.W.Halford,
94
Chairman, E.L.Cooke, member, J.B.Einnis, member, J.H. Williams ,member.
No commissioners voting against passage of said resolution.
STATEMENT OF DEBT OF THE COUNTY OF HARNETT? NORTH CAROLINA? INCURRED AND TO BE IN*
CURRED FOR PUR OSES OTHER' THAN SCHOOL PURPOSES, MADE AND FILED PURSUANT TO SECTION
14 OF THE COUNTY FINANCE ACT, AFTER THE INTRODUCTION AND AT LEAST TEN DAYS BEFORE TIC
FINAL PASSAGE OF AN ORDER FOR THE ISSUANCE OF 470,000.00 FUNDING BONDS? WHICH ORDER
WAS INTRODUCED AT A MEETING OF THE BOARD OF COMUIISSIONERS OF SAID COUNTY ON AUGUST
12TH. 1931.
(a) Assessed valuation of property as last fixed for county taxation $24,667,013.00
(b) Outstanding debt for purposes other than svhool- purposes
(whether evidenced by bonds,notes or otherwise and whether
incurred' by original creation of debt or by assumption of
debt to the State or any department thereof, but not in-
cluding obligations incurred to meet appropriations in
anticipation of revenue to an amount of the last preceeding
tax levy for purposes other than school parposes,not`includ-
ing debt incurred in anticipationof the sale of any kind of
bonds except fending and refunding bonds) 727,000.00
(c) Bonded debt to be incurred for purposes other than school pur-
poses under orders either passed or introduced 70, 000.00
(d) The sum of items "b" and "O" 797,000.00
(e) Sinking funds except school sinking funds(being money or
investments thereof pledged and held for the payment of
principal of outstanding debt above described) None
ff) Moneys payable to the "ounty by a railroad or interurban railway
Company under contract, as all or part of the eost of grade
crossing elimination and pledged to and when collected to be
used in the retirement of debt above described None
(g) Amount of unissued funding and refunding bonfs not for school
purposes, included in gross debt above 70w000.00
(h) The _ sum of items "0 ", alit and "G" 70,000.00
(i) Net debt for other than school purposes(being the sum by which
item "d" exceeds item "li" 727,000.00
fj) The percentage that said debt bears to said assessed valuation 2.9%
J.S.McLean,
County Auditor,Accountant and
Chief Financial Officer of
Harnett 'minty, N.C.
STATE OF NORTH CAROLINA :COUNTY OF HARNETT.
J.S. McLean, being duly sworn, says, that he is the Uounty Auditor,Accountant and
Chief Financial Officer of the Uounty of Harnett, North Carolina; that a resolution
passed by the Board of Commissioners authorized the foregoing statement, and that
the foregoing statement is true and was made and authorized by him after the intro-
duction and before the final passage of the order or resolution referred to in the
heading of said statement.
J.S.McLean
Sworn to and subscribed before e, on the day of the date of said statement.
(C.S?C.SEAL) R McLeod,Deputy, C.S.C.
sessiTheaBoard o uCountysCommissioes 0 HARNETT L orthgGarpliCa °met in,adjo
STATE OF NORTH CAROL_NA :COUNTY OF
County Commissioners of Harnett county, North Carplina met in .adjourned
Town of Lillingten, N.C• on the 12th. day of August,
1931, the following members present.:
J.W. ; Halford,Ghairman, E..L.Goake,member, J.H.Williams,Jr. member ,J.B.Ennis
member, Edwin Harrington,clerk.;
Mr. J.B. Ennis introduced the following order providing for the issuance of
$60,000.00 bonds:
ORDERED BY THE COUNTY COMP,MISSIONERS OF HARNETT COUNTY? NORTH CAROLINA.
1. That bonds of the Oounty shall be issued for the purpose of funding valid
indebtedness of the 'county ' incurred before July 1, 1931, and payable already or
within one year hereafter, which injdebtedaness was incurred' for maintaining the
school term required by the Constitution as a part of the State system of public
Rehools. The maximum principal amount of said bonds is $60,000.00.
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 the County debt for school purposes has been filed with the
Clerk and is open to public inspection.
4. That this order shall take effect upon its
to the voters.
The introduction of the foregoing order was
vote, to -wit:
Commissioners voting in favor of the introduction of said order :J.W,Halford,
chairman,E.L. Cooke, member, J.H.Wy'lliams,Jr, member, J.B. Ennis,member
After the introduction of the foregoing order the county Auditor,A.ccbuntant and
Chief Financial Officer was directed to file with the (lark of the Board of Gommissiorers_
passage and shall not be submitted
unanimous by the following roll -call
595 KM
a financial statement of the County in the form regdired by Section 13 of The
County Finance Act. The said financial statement was thereupon filed with the Clerk
RESOLVED That a public hearing upon the order entitled "Ordered by the County
Commissioners of Harnett ''ounty, North Carolina ", authorizing the issuance of
$60,000.00 Bonds, introduced at a meeting of the Board of Commissioners held on
the 12th. day of August, 1931, shall be held on the 25th. day of August,1931, at
10 o'clock, A.M. at a meeting of the Loard of commissioners at LJ- llinrton,N.C.
FURTHER RESOLVER, The Clerk of the Board of Commissioners is hereby directed
to publish said order in "The Dunn Dispatch ", a newspaper published in the County
of Harnett, with a statement tmmediate:y below the same in substantially the
following form:
The foregoing order has been introduced and a sworn statement has been filed
under the county Finance Act, showing the assessed valuatior of the County to be
$24,66 .00 and the net debt for school purposes includin, the proposed school
bonds o be $922,910.00. h tax will be levied for the payment of the proposed
school onds and interest if the same shall be issued. Any citizen or taxpayer
may protest against the issuance of such bonds at e meeting of the Board of Com-
missioners to be held at 10 o'clock, A.M. on the 25th. day of August, 1931, or aria
adjournment thereof, at the "ourt House in Lillinrton, North Oarolina.
- Edwin Harrington, Clerk
Board of Commissioners."
The foregoing resolutions were unanimously adepted by the following roll -call
vote, to -wit:
Commissioners voting in favor of the adoption of said resolutions:J.W.Halford,
Chairman, E•y. Cookd, member, J.H.Williams, Jr, member, J.B. Ennis, member.
No commissioners voting; against the passage of said resolutions.
STATEMENT OF DEBT OF THE COUNTY OF HARNETT,NORTH CAROLINA INCURRED AFD TO BE
INCURRED FOR SCHOOL PURPOSES, made and filed pursuant to Section 12 of the county
Finance act, after the introduction and at least ten days before the final passage
of an order for the issuance of $60,000.00 School funding Bonds, which order was
imtroduced at a meeting of the Board of Commissioners of said County on August 12th.
1931.
(a) Assessed valuation of property as last fixed for
County taxation $24,667.013.00
(b) Outstanding school debt 922,910.00
(c) Bonded school dent to be incurred under orders
either passed or introduced - - - - - - 60,000.00
(d) The sum of items "b" and "c" 982,910.00
(e) School sinking fund,being moneys or investments
thereof placed and held for the payment of principal
of outstanding school debt None
tf) School credits,being principal sums owing to the County
from School districts which are pledged to and when
collected will be used in the redemption of the outstand-
ing school debt None
(g) Amount of unissued funding and refunding school bonds
included in gross debt 60,000.00
(h) The sum of items "e ", "f" and "g" 60,000.00
(i) Net sciool debt, being the sum by which item "d"
exceeds item "h" 922,910.00
(j) The percentage that the net school debt bears to said
assessed valuation 3.6%
FINANCIAL STATEMENT OF HARNETT COUNTY'? N.C.
Assessed value for taxation,year 1930
Total outstanding bonded debt for other than schools
Total outstanding bonded debt for schools
Total outstanding bonded dnaebtedness of County
Floating indebtedness all purposes- Total
Indebtedness
Dated July 9th,1930,due Jan.9,1931
Tax anticipation ndtes: $50,000.00
renewed Jan.9,1931,to April 20,1931
renewed again April 20,1931 to July
20,1931, Funds were used $25000.00 for
County Home.Jail and other special purposes
and $25000.00 for general County expenses
not in special or school purposes $50,000.00
F
For County Home,Jail and other
special purposes
July 1
Intesrest to Jan.9,1931 1,062.50
J.S.MoLean,County Auditor
and Chief Financial Officer
of Harnett county,North Car.
, 1931.
$657.000.00
862,910.00
Special p
purposes
E25,000.00
1,062.50
$24,667,013.0
1,519 ,910.0
School
Purposes
24aSsr596
Interest to Aril 20,1931
Intesrest to July 20,1931
875.00
750.00
Dated :July 22,1930,due Jan.221931'
Tax Anticipation notes,renewed Jan-
19,1931 for 5 months, again June 19,
1931,for one month and 11 days and
again July 30,1931, for three months
$65,000.00
For school purposes
Debt service,bonds for special
purpose and interest
Interest to Jan.22,1931
Interest to June 19,1931
Interest to July 30,1931
Dated October'20,1931,due Apr.20,'
1931.Tax Anticipation notes,$35000.00
renewed April 20,1931,fpr 020,000000
for three months $20,000.00
For School Purposes
Interest to April 20,1931
Interest to July 20,1931
Due on debt service
Road warrants outstanding July
1931 and unpaid bills
Total outstanding floating
indebtedness all purposes
1
1,381.25
1,625.00
444.13
16
743.75
300.00'
685.55
875.00,
750.00
025,000.00
1,381.25
1,625.00
444.13
743.75
300.00
16,685.55
8,428.24 8,428.24
167,295.42
Tess total 15cf Constitutional tax
levy for general county running
expenses 1930 -1931 37,000.49
Total net outstanding indebted-
ness for special purposes with-
in the meaning of the Constitution
130,294.93
40,000.00
20,000.00
82,295.42 X60,000.0
The ''ounty wishes to issue 0130,000.00 bonds to pay off a greater portion of the
above indebtedness which was incurred for funding valid indebtedness of the coounty
due or to become due on or before July 1,1931, and payable ti on or within one year
flxxapas#a1xxtxxxameshereafter, which indebtedness to be refunded was incurred for
special plrposes within the meaning of the constitution and for maintenance of a
six months school term required by the Constitution as a part of the State system
of public schools. The County will pay the remainder of the aboveindebtedness out
of uncollected taxes.
STATE OF NORTH CAROLINA:COUNTY OF HARNETT.
J.S. McLean, being duly sworn, says that he is the County Auditor, Accountant
and Chief financial Officer of the county of Harnett county and that'the foregoing
financial statement is correct to the best of his knowledge and belief. This the
l day Of July, 1931.
Sworn to and subscribed before
date of said statement.
R. McLeod, Deputy, C.S.C.
J.S.McLean, County Auditor,Accountant
and Chief Financial Agent of Harnett
County,_N.C,
.me on the day of the
It was ordered that James Rowland be hired to Nveret Barnes at the rate of 04.50
per week.
It was ordered that the Auditor be authorized and directed to distribute back taxes
collected by J.0. West.
RESOLUTION:'
RESOLVED by the Board of Commissioners of Harnett ''ounty that the First and Citizens
Bank and Trust ''ompany of Dunn, N.O. be and it is hereby designated as a deposi
taryof the public funds of Harnett 'ounty and that the bonds of £"30,000.00, securing
said funds signed by said Bank with, the United States Fidelity "nd Guaranty Company
that bond of 025,000 -00 signed by said Bank for the purpose of'seeuring said finds
with the Fidelity Depost Company of Maryland and the bond eg said Bank in the sum
of 020,000.00 secured by North Carolina State Bond aggregating $20,000.00 be approved
It was the ordered that the Commissioners adjourn Sine Die.
^'`^" C le rk
Chairman