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<br />Pfinutes oP the Board of Commis si oners
<br />February 3, 1958
<br />The Hoard of Co:rm:is si oners for the County of Orange, North Carolina, met in
<br />regular session at the Courthouse in Hillsboro, North Carolina, the usual place of
<br />meeting, at 10:00 o'clock A.I4., February 3, 19$8.
<br />Pres eat: Chairmen R. J. i9. Hobbs, and Commissioners D. M. Ray, Henry Wa11~er,
<br />Donald McDade and Donald St arS ord.
<br />Absent: None.
<br />Convnissioner Rag introduced the folloting resolution which was read:
<br />RESOLUTION PROVIDING FOR THE ISSUAtICE OF
<br />$1,000,000 SCHOOL BUILDING HOItDS, SERIES B
<br />HE IT RESOLVED by the 3oard of Commissioners for the County of Orange:
<br />Section 1. That the Hoard of Commissioners has determined and does hereby find
<br />and declare that:
<br />(a) An order author123ng ~x2, 000,000 school building bonds of the County of
<br />Orange was finally passed on February 20, 1956, which order was approved by the vote
<br />of a ma,)ority of the qualified voters of said County who voted at en election duly
<br />called end held on March 27, 1956.
<br />(b) On May b, 19$7 said Board passed e resolution fixing the data of said
<br />bonds as Tune 1, 1957, and fixing other detei is and the form and manner of execution
<br />of said w92,000,000 bonds, which resolutl on is entitled: "RESOLUTION FIXI*IG THE
<br />DETAILS, AiID FOffid AND hL1NNER OF EXECU'fIOPt OF x2,000,000 SCROOL HIIILDI?7G H011D5, Ak1D
<br />PROVIDING FOR THE REGISTRATION TREREOF", and on June 3, 1957 said Board passed a
<br />resolution amending the htay 6, 1957 resolution with reference to the manner of
<br />execution of said bonds, said resolution Dossed on June 3, 19$7 being entitled:
<br />"RESOLUTI OPI Ai•L-?7DING A RESOLIITI ON PASSED bt9Y 6, 19$7 ENTITLE: 'RESOLUTION FIXING
<br />THE DETAILS, AND FORM AND i~iA?RJER OF EXECUTI OIP 0 x2,000,000 SCIi00L BUILDING BONDS,
<br />A?ID PROVIDING FOR THE REGISTRATI Oti ThBREOF"', the resolution pesssd on 14ay 6, 1957,
<br />as emended by the resolution passed on June 3, 19$7, being hereinafter referrod to
<br />as the "Resolution".
<br />(c) x1,000,000 of said bonds have heretofore been issued pursuant to said
<br />Resolution and order and a resolution passed on May 6, 1957 entitled: "RESOLUTI017
<br />PROVIDING FOR THE ISSIIANCE OF 51,000,000 SCHOOL BUILDING B017DS, SERIES A" said
<br />51,000,000 bonds consisting of 1,000 bonds oT the denomination of 51,000 each,
<br />numbered 1 to 1,000, inclusive, designated "School Building Bonds, Series A", and
<br />maturing annually, June 1, in numerical order, lotaest numbers first, 730,000 1958
<br />to 1965, 535,000 1966 to 1980, end x!}0,000 1981 to 1985, all inclusive, and x35,000
<br />1986, without option of prior payment.
<br />(d) It is necessary that Orange County, acting as an adminietrati ve agent of
<br />the State in providing a State system of public schools, issue at this time the
<br />x1,000,000 unissued bonds authorized by said order.
<br />Section 2. That said ,x'1,000,000 bonds shall be issued at this time, shell be
<br />designated "School Building Bonds, Series B", and shall consist of 1,000 bonds ot~
<br />the denomination of $1,000 each, numbered 1 to 1,000, inclusive, and said bonds
<br />shall mature annually, June 1, 1n numerical order, lowest numbers first, 3$,000
<br />1960 to 1969, jpla.0,000 1970 to 1980, and $35,000 1981 to 1986, all inclusive, without
<br />option of prior payment.
<br />Section 3• That the action of the County Attorney in applying to the Local
<br />Government Commission to advertise and sell said a1, 000, 000 School Building Bonds,
<br />Series B, and the action of the Local Gooe rnment Commission in asking for sealed
<br />bids for said bonds (bg publishing a sale notice end printing and dis tributing
<br />circulars) be and the same are hereby ratified and confirmed.
<br />Upon motion of Commissioner Ray, seconded by Cotmnisslaner ldalker, the foregoing
<br />resolution entitled: "RESOLUTION PROM llIPJG FOR THE ISSUA?tCE OF x1,000,000 SCfi00L
<br />BUILDING BO?i DS, SERIES B" was passed by the following vote:
<br />Ayes: Commissioners R. J, Ff. Aobbs, D, hi. Ray, Henry Wallce r, Donald 14eDade end
<br />Donald Stanford.
<br />Noes: None.
<br />I4embers of the Welfare Hoard presented graphs showingg the expenditures of the
<br />41e1t are Department for the first six months of the 1957-$8 fls cal year.
<br />The following road ne tltians were presented, and the Cle rlc was requested to
<br />forward them to the State Highway Commission:
<br />By Woody Sneed, a petition for n road in Little River formshi o, running from
<br />Guess Road to 4foody Speed's. Length of road: 1.2 miles.
<br />By Ytrs. Rosa i~tcGeo, 11}03 Pennsylvania Avenue, Durham, ?I. C., s ne tition for a
<br />road in H111s boro Township, running from old Hinhway d6 dust below the prison camp
<br />through to the Orange Grove Road, and located in the subdivi si.on known as Glendale
<br />Heights. Length of road: approximately 2 miles.
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