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C~E_J <br />1~INUP'r.S OF THE JUG TI16G I~38 Continueds <br />I <br />Due to the conaolidatioa oY the Farmer$-.and lierchants Ban3c,with the ~rhm <br />Loan amd Trust Company and. the bank will now be the Durham Loan and Trrta Com <br />paIIy atsd whereas both bt~.irks have both been designated ae Depositories for gall <br />Orange County ~i¢ds :the Yollowina reaolutioa is hereby adopted,towits i <br />RESOLUTION <br />UPOS motion oY Commissioner Cobb duly seconded by Commissioner FiIlson, <br />and unanimgtrsly adopted by alt members of the Board the foilowinS resolutilon was <br />duly adopted,to-wits ~ <br />WHEREAS, the Board oY Commissioners of Orange Ccanty s here <br />toYore,designated The Farmers sad 2Serchants Bank of Hillsboro and The Dur am Baask <br />and Trust Company(Hillsbarb Branch} ag Official Depositories Yor the Yund of <br />OranSe C azaty;and whereas the Durham Bank and Trust Compax~ has now purcHased - <br />The Farmers and berchants Bank sad has thus comsalidated said banks so thit there <br />is now only one bank in the Town oY Hillaboro,North Carolina; <br />NOW TEiEREFORE,IT 15 ACCORDINGLY ORDERED that ~he--- <br />Durham Bank and Trust Company( gil2sboro Branch}be, and the same is here'tly de~- <br />ignated as the official depository for all funds belongtag` Orange County, and <br />alI Officials of said Ccunty are hereby directed to deposit the said Yund of <br />Orange County in The Durham Bamk & Trust Company. <br />It is further ordered that the Durham Baxtk & <br />Trust Company( Hillsboro Braz:ch}execute and deliver a depository agreement4 with <br />Orange-County under the terms oY which depository agreement said Bank w$11- <br />place with the Fidelity Bank of Durham,*.Torth Carolina,as Tr~tstee,negotiab~e boada <br />approved by the State Looal Government Commission in the amormt of not leas than <br />~30.0p0.06 per value. <br />It is Prather ¢rdered that the Chairman oI this Board is « <br />hereby ordered to execute said depository agreement,together with tale signature <br />Board and the seal of the County to bs affixed. <br />of the Clerk to this <br />On motion it is ::^.ereby ordered that t'r_e clerk to this Board erepare the scrolls <br />by the next re^ular ~eeiir.? for revising the Jury list, as pro-Tided in ~ection <br />~3I2- .:l:a;;ter 45 cf the 8evised Siatntes <br />There being no Purther business on motion adjourned J ~d Laws ' <br />Chairman <br />Collier Cobb Jr ~ <br />Cor®sissioner i <br />Attests Ben.F Wilson <br />~~ ,+~/ Coamsissioner <br />Clerk to Board 6/5/I939 <br />~~ <br />