HomeMy WebLinkAbout08301927Commissioners adjourned to meet on August 30, 1927.
eter:q Chairman.
Clerk to Board.
MINUTES OF MEETING OF COUNTY COWTSSIONERS ON MONDAY AUGUST 30, 1927.
The Board of County Commissioners met in special session on Monday August
30, 1927, with the following present: J.A. Hockaday, S.F. Ingram, Z.Y.
Snipes, and Z.R. Byrd, chairman, Jas. A. Buchanan being absent. County
Attorney, I.R. Williams, being also present.
The following resolution was introduced and passed:
"WHEREAS, on March 7, 1927, the County of Harnett did borrow the sum of
Fifteen Thousand Dollars for the purpose of building, rebuilding and repair-
ing public roads or public roads or bridges in the County of Harnett, North
Carolina, by note due September 7, 1927, said note bearing interest rate of
4.80%; and whereas, it is necessary to renew the said note:
Whereas, it has become necessary for Harnett County to repay the principal
or interest on bonds or notes to become due within four months, and not
otherwise adequately provided for, now, therefore, be it resolved by the
Board of County Commissioners of Harnett County, North Carolina, that the
said Board bs authorized to borrow on the faith and oredit of said county
the sum of Fifteen Thousand Dollars ($15,000.00), for the purpose of raising
funds with which to pay the principal or interest on bonds or notes, either
or both, to become due within four months as provided under Section 5 of the
County Finance Act, and the Chairman of this Board be authorized to execute
a note or notes for the aforesaid sum dated September 7th, 1927, payable to
Bearer, signed by the Chairman of the Board and attested by the Clerk to
said Board, payable on February 7, 1928, and bearing interest at the rate of
per cent per annum, and that such note or notes be negotiated and
delivered by the said Chairman for the purposes aforesaid."
Voting in favor of said resolution: All Commissioners. * �.
Commissioners adjourned to meet at regular time on Monday Sept. 5, 1927.
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an Chairman.
Clerk to Board.