Orange County NC Website
399 <br />Mr. Wallace stated that he had raised the questions primarily for the protection <br />of the Board and that he felt the Hoard should proceed to secure answers to the <br />questions that he presented to them on July 12th. He then proceeded to discuss <br />the legal technicalities involved as to the county's participation in the joint <br />venture and the establishment of the Consumer Utility Corporation. Discussion <br />ensued between Joe Nassif, George Hogan, Bill Ray, and Members of the Haaxd. <br />Mr. Wallace then requested permission to add Part B to question five (S). <br />Part B read as follows: "Is the Consumer Utilities Corporation, as now <br />organized, qualified or has it already qualified under the Internal Revenue <br />code to-issue bonds; the interest on which is exempt from the Federal Income <br />Tax? ~~ <br />~ Commissioner Melvin Whitfield stated that he felt the County needed to look <br />_ after the matter of whether the County is legal in what we are doing. <br />Commissioner Henry 5. Walker stated that he felt to secure a ruling from <br />the Attorney General's Office might strengthen the position of the county. <br />• Commissioner Flora Garrett stated that she felt some misunderstanding <br />about the meeting had arisen as the firm of Tally, Tally & Bouknight did intend <br />to reply to the questions submitted by the Board. Discussion ensued. <br />Mr. Wallace stated that he was again requesting the Board to take action on <br />his previous request to seek an opinion from the Attorney General's Office on <br />the five (5) questions That he presented to the Board on Friday, July 12, 1974. <br />Commissioner Flora Garrett stated that she feels that the action of the Hoard <br />is perfectly legal from the data that she ahs in her files. Further discussion <br />ensued. <br />Upon motion of Commissioner Melvin Whitfield, seconded by Commissioner Henry <br />S. Walker, it was moved, that the Board sent particularly the first four (Q) <br />question to the Attorney General's Office fox an answer as soon as possible <br />and to freeze the County money that had been allocated to 'the Consumer Utilities <br />Corporation until an answer is received from the Attorney General's Office. <br />Commissionex Melvin Whitfield amended his original motion to include that <br />question:#5 as presented by Mr. Wallace on July 12 be included with the <br />other questions that are to be submitted to the Attorney General's Office. <br />Commissioner Henry S. Walker agreed to the amendment to Commissioner Melvin <br />Whitfield's original motion. <br />Chairman Walker Called for a vote on the motion. Commissioners Norman Walker, <br />i Henry S. Walker and Melvin Whitfield voted aye. Commissionexs_.Flora ~arxett and <br />Richard E. Whitted voted nay. Chairman Walker then declared the motion passed. <br />Thexe being no furthex business to come before the Board the meeting was <br />adjourned. <br />~~~ <br />C. Norman Walker, Chairman <br />Betty June Hayes, Clerk <br />Approved <br /> <br />