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~~ 'y:inutes oY January 2nd I939-Continued
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<br />Name of Bank of ldaximnm Desoription of
<br />Trust Company Deposit Bands oT security
<br />furnished
<br />Farmers & Merchants
<br />Sank of Hillsboro,N,C ~'I0,000.00 X9.000.00
<br />Orange County Highway
<br />Bonds;
<br />X6.000.00
<br />Town of Roxboro
<br />Durham Bank & Trust ~I0.000.00 ~I5.000.00
<br />Company,Hillsboro N.C State Bonds
<br />Place~+7here
<br />the s, curittes
<br />furnished have
<br />been devo~ited
<br />The Fidelity.
<br />of Durham.N.C
<br />Thp Fidelity Bank
<br />of'iDur$am.N.C
<br />and,
<br />`Fhereas the securities have bees,deposited-with the Fidelity Bank as above set forth pur
<br />suant to Section 32 of the Local Government Law,and agreement Por the holdin~ oY said se-
<br />curities has been duly entered between said banks ,the. County of Orange and th Depository
<br />Now ,THr~t~.~".FORE,BE IT RESOLV~,that G,G Bivins, as Treasurer of this ounty,is here
<br />by directed to deposit daily in the aforesaid designated Depositories,to-w t;
<br />The Farmers & ffierchants Bank of Hillsboro ,North Carolina, or the Durham Bank and ..Trust
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<br />Company.(Hillsboro Branch any funds or money belonging to the County of Orange,or-any sub-
<br />division thereof received or collected by him III
<br />COPY OF LETTE.4,from Local Government Commission
<br />State of North Carolina j
<br />Local Government Commission- Revenue Building,Raleigh,N.C.Dec.I-I936 ~
<br />;s,J.L,Lockhart
<br />Hillsboro,ffi.C.
<br />Ressecurity far depos=its cf Orange County
<br />Dear Sirt-
<br />replying to your faioor of November 30th,you may regard this
<br />~ letter as approval,by the Local Government Commission, oY the Fidelity Bank ~urham.~.
<br />worth Carolina, as a depository of security.furnished by the Hammers and 1,iterchants-
<br />Bank, and the Durham Loan and Trust Conpa,ny,both of Hillsboro,ffiorth Carolin3~yov may
<br />also regard this letter as approval by the Commission of X9000.00 of Orange County -
<br />$i~hway Bonds and X6000.00 bonds of the Town of Roxboro,N.C.,furnished by the farmers
<br />and merchants Bank as such security.There is no requirement of law,that'the Com-
<br />mission app6ove Bonds oY the State of North Carolina,of the Federal Government,or
<br />Bonds guarranteed as to principal and interest by the Bederal Government, by !the Local
<br />Government Commission .
<br />i Yours Very Truly I
<br />tiV.E Easterling i
<br />Secretary, ~
<br />There being no further business on motion adjourned,
<br />to meet with the District Road Commission on Jan.9-39 -
<br />The entire Board of Comnissioners,to;-wit ,J.Ed•
<br />Laws Collier Cobb,and B.F.~Vilson met with the
<br />Histrict ~oad Commission ol,Jan 9th for a
<br />consultationiand abetter understa:~ding as to the Orange County
<br />Road matters,
<br />Atjes~--
<br />C1 rk to Board +
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