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<br />the following statement of the financial condition of said County, having been designated by the
<br />Board of Commissioners for that purpose. Said stateaent includes a statement of debt incurred
<br />and to be incurred for school purposes under orders either introduced or passed, whether evidenced
<br />by bonds, notes or otherwise, and whether incurred by original creation of the debt ar by assumption
<br />of debt, including debt incurred by the County Board of Education, and including debt to the
<br />State or any department thereof, but not including obligations incurred to meet appropriations
<br />in anticipation of revenues to an amount not exceeding the amount of the last preceding tax levy
<br />for school purposes:
<br />(a) The assessed valuation of property as last fixed Tor County taxation S 92,891,479.00
<br />(b) Outstanding school debt a 2,589,000.00
<br />(c) Bonded debt to be incurred under orders either passed or introduced:
<br />School Building Bonds 71,500,000
<br />(d) The sum of items (b) and (c) .. ..... ......... ..... 3 4,089,000XO
<br />(e) School sinking fonds, being money or invest:.: ants thereof
<br /> pledged and held for the payment of principal of outstanding
<br /> school debt .. ......... .......... v
<br />(f) School credits, being principal sums owing to the County from
<br /> school districts which are pledged to and when collected will
<br /> be used in the retirement of outstanding school debt i
<br />(g) Amount of unissued funding and refunding school bonds
<br /> included in gross debt. ..................... $ None
<br />(h) The sum of items (e), (f), and (g) ................ 8 Hone
<br />(i) Net school debt, being the sum by which item
<br /> (d) exceeds item (h) $ 4,089,000.00
<br />(j) The percentage that the net school debt bears to
<br /> said assessed valuation ..................... 4.40191,
<br />/s/ S. id. Gattis
<br />County Accountant
<br />Mrs. B, B. Forrest, Chairman of the County Planning and Zoing Board, submitted a report concerning
<br />the activity of this comma-tee since At was organized by the Board of Commissioners.
<br />Vernon Burch of Chapel fill was administered the oath of constable by Chairmm Stanford.
<br />A letter from Walter G. l?reran, Civil Defense Director, concerning the appointment of crs. Quentin
<br />Patterson as Assistant Civil Defense Director, and Ralph H. Boatman, as Chief of Radiological Service,
<br />vras read by Chairman Stanford.
<br />Upon motion of Commissioners Jones, seconded by Comnissf oner SCDade, and unanimously adopted Lire.
<br />Patterson was named Assistant Civil Defense Director. The appointment of i..r. Bostman was deferred
<br />until this matter could be discussed vtith Cr. Ylrenn,
<br />The County Accountant brought to the attention of the Board a matter concerning the overpayment
<br />of taxes of several citizens. Unon motion of Commissioner ?,al er, seconded by Commissioner Jones,
<br />and unanimously adopted the County Accountant was authorized to pay to Sr. J, R. Faulk `'7.72 as
<br />oveipyment of his taxes, and to pay yr, ?,, c, Laming )116.30 the amount due hir for the double
<br />listing of his taxes, Part of e r. Lansing's payment could not be returned because of the time
<br />element.
<br />'halter Lrenn appeared before the Board and explained to them the duties of dry. Bostman as
<br />Chief of Radiological service in connection with the Civil Defense appoinv:ent. Upon motion of
<br />Comaissioner Jones, seconded by Commissioner dallrer, and unanimousiy adopted wr, Boatman vras
<br />appointed as Chief of Radiological Services.
<br />There being no further business the meeting vas adjourned.
<br />Donald Stanford
<br />Chairman
<br />Betty June Hayes
<br />Clerk
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