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1955-09-19 Packeta Presents Mrs Irvin !i. Horner, Mr• He To Goyne Dr. ADbt. 0.0111 Mx* 1.Poomter Mr,R.T.Hritton ' Mr,Stanley R.Haguej d►airman Tr. DIRGINIA: At an ad jourze d as sting of the Board of Supervisors of Chear,erfield Countyq, held tit the rcurthous s on Sept. 19,19 35. at 7,30 pond This day Mr. Mark Smiths from the FqW* Craigie Company, canna before tho Board to discuss the financial situation pertaining to the proposed water bond Issue* Mr. Smith stated that the outstanding bonds could not be called before 1958, that the County could sell bonds which would actually be a third lien but would be bid as a first lieu, if an amount was borrcwaG to set up an escrow fund to pay oft the present indebtedness when said bonds could be calleds Mrs Smith stated further that in his opinion the interest rate of a bond issue by an Authority would not be higher than a bond Issue of a third lien nature sold by the Board of Supervisors. After much consideration,, Mr. Gunter stated th^t if an Authority were formed the Board of Supervisors would havo more time to spend on other Important matters, that there is now a grave doubt as to the passage of a Revenue Bond Issues and with these statements as a preface, novas to instruct the Commonwealth0a Attorney to draw up tho nocossary resolution to procood in tho croation of tho Chostorfiold Sanitary Authority, which authority would ozcludo tho Ettrick Sanitary Districts Mrs Britton stated that in his opinion tho ,authority was tho boat mothod of procooding at this timos and soconds tho motion. A voto boing takon tho motion passod unanimously On motion of Mr. Hoguo,'socondod by Mr. Ountbr, it is rosolvod that tho Commonwoolth'a Attornoy, tho County Enginoor, and tho Esocutivo Socrotary bo authorized to go to New York City to consult with the Bonding Attorneys, Reid, Hoyt and Washburn and othorsy if nocossary, to obtain all iawtormatioa possible on the logal aspocts of financing a sanitary facility* On motion, the mooting is ad journod until Soptonber 27,19157,.at ° 000 p.m. JVmo� 15 Present: Mr. Irvin G. Horner, Mr. He T. Goyne Dr, Aobt. O.Gill Mr. J.p.ounter Mr.R.J.Brittoh Mr.Stanley R.Hague, VIRMNIA At an ad j ourm d no sting of the Board of Supervisors of Chesrerfield County„ held dt the Courthouse on Sept. 19,1955- at 7�30 pomp Chaitman Jr. This day Mr. Mark Sraithe from the FsW- Craigie Company, came before the Board to discuss the financial situation pertaining to the proposed water bond issue. Mr. With state6 that the outstanding bonds could not be cal3e d before 1958, that the County could sell bonds which would otually be a third lien but would be bid as a first lien, if an amount borrowed to set up an escrow fund to pay off the present indebtedness when said bonds could be ctalledr, Mr. Smith states further that in his opinion the interest rate of a bond issue by an Authority would not be higher than a bond issue of a third lien nature sold by the Board of Supervisors. After much consideration. Mr. Gunter stated thr.t if an Authority were formed the Board of Supervisors would have more time to spored on other important matters, that there is now a grave doubt as to the passage of a Revenue Bond Issues, and with these statements as a preface, moves to instruct the Commonwealth's Attorney to draw up tho necessary resolution to proceed in the croation of the Chostorfiold Sanitary Authority, which ,Authority would oacludo the Ettrick Sanitary District. Mrs Britton stated that in his opinion tho Authority was tho boat method of procooding at this timo, and soconds tho motion. A voto being takon tho motion passod unanimously. On motion of Mr. Haguo.'socondod by Mr. Guntor, it is rosolvod that tho Commonwoolthts Attorneys tho County Enginoors, and the Zxocutivo Socrotary be authorized to go to New York City to consult with the Bonding Attorneys, Roid, Hoyt and Washburn ri■siiats if necessary, to obtain all information possible on the lognl aspects of financing a sanitary facility. On motion, the mooting is adjournod until Soptembor 27919553at P a00 p.mo V�W. r S'm/ _ o r - / `ta tV4 - p`�o u ;� Gars �rr G'vss' -" `"� / / • Ile"p r Lt%/iar � !�J d ✓!� / y 2� � 7` p 2 Q � • 1 �/ C H Gt otR 'TsTI !/ Gt-CJ BI D hJ 74 At d� Meta ite S-S A/I j Iva a 1,,Ile �6L/�i/7x-�' �//177'/�.� �itlt �J l�/'��!!✓ GKIr�' _�t ✓ ` `'e`' y cSiY� /,fit . � lelo /iyo r c„5 • ���r /��'�'i r we.7 r P, we ls r- �3� w�e-d // ~'e yj/e s S- - da i►.ltbc e..d.. . J oHS W/o ;ioa o d , �� � „•., w Da. �J soh - •Ns M D � WA K� AX&P4, / ,,II, il,114 ` - C1NSh4wn IM?rGllloas _/SSveS• ee i l .S e r -; 2 % `.....� m _S 0 74 A"afl u yt1.w--r . L 140 OLD D�