03-07-1957 MinutesVIRGINIA: At a special meetinE of the Board
of Supervisors of Chesterfield Countyi held
at the Courthouse on March ?. 1957. at
2:00 pom.
Mr. Irvin G.Horner, Chairman
Mr. H. T. Goyne
Mr. H.K.H~erman
Mr. R.J.Britton
Hr. Stanley R. Hague, Jr.
Mr. Marshall F. Driskill
Mt. Ernest P. Gates, Commonweal:his Attorney
This day a special meeting is called at the request of Mr.H.T.Goyne, and Mr.
}{.K,Hagerman, and the Sheriff has presented signed statements from all of the
Supervisors indicating that they have been served notice of the special meeting
by the Sheriff according to law.
Hr, Raymond J. Britton presented a printed resolution entitled"A Resolution
authorizing tho issuance of $4,000,000 Water R~vonue Bonds of tho County of
Chesterfield, payable from the not revenue derived by the County from the
operation of its water system" and moved that it be adopted.
The motion having been duly seconded by Mr,Marshall F.Driskill, it was adopted,
the following members of the Board of Supervisors voting for the Resolution,
Mr. Irvin GoHorner, Mr. H.T.Goyne, Mr.Stanley R.Hague, Jr., Mr, H,K.Hagerman,
Mr. Raymond J. Britton,' and Mro Marshall FoDriskill, and no one ye:Lng against
it,
The Chairman directed the Clerk to attach to the minutes of this meeting a copy
of the Resolution so adopted,
Mr,Raymond J. Britton presented the following resolution and moved that it be
adopted:
"WHEREAS. the Board of Supervisors has received a proposal, hereinafter
described, to purchase the $1,625,000 Serial Water Revenue Bonds of the County
numbered from 1 to 1~2.~ inclusive, and $1,625,000 Term Water Revenue Bonds of
the County numbered from 1 to162J, inclusive, dated January 1, 1957, which are
authorized by the resolution entitled "A Resolution authorizing the issuance
of $~,000,000 aa~er Revenue ~nds of the County of Chesterfield, payable from
the net revenue derived ~ ~he County from ~he operation of its water system",
adopted by the Board of Supervisors on March ~, 19~, and the Board of Supervisor
deems it to the best interests of the County that such proposal be accepted and
that said bonds be issued in accordance with such proposal,
N0~, THEREFORE. BE IT RESOLVED by the Board of Supervisors of the County
of Chesterfield as follows:
(1) The proposal to purol~se said bonds for the price of $3,250,000 and
accrued interest submitted to the Board of Supervisors by F.W.Crai~ie & Company,
Richmond, Va., Phelps, Fenn & Company, New York, N.Y., Scott, Homer and
~ason, Inc., Lynchburg, Virginia, R,W. Presprich & Company, New York, N.Y.,
R.S.Dickson &. Co.[nc,, New York, N.Y., Shearson, Hammill & Co,, New York, N.Y,,
Mason-Hagan, Inc., Richmond, Va,, J.G.~[heat & Go., Richmond, Va,, Andarsonand
Strudwiok, Richmond, Va, Strader & Company, fnc., Lyuchburg, Va,, Investment
Corporation of Norfolk, Norfolk, Virginia, G.F.Gassell & Company, Inc., Charlotte
rill,, Va,, Willis, Kenney & Ayres, Inc,, Richmond, Va,, R.H.Brooks & Company,
Richmond, Va., ~yllie & Thornhill, Charlottesville,Va., provided they bear
interest and are made payable as hereinafter set forth, is hereby accepted,
(2) Each &f said bonds shall be payable at the option of the holder ther~o
at the prionipal office of ~he G~ntral National Bank, in the City of Richmond,
Virginia, or its successor as Trustee under said Resolution, or at the option
of the holder, at the principal office of a Bank, in the Borough of Manhattan,
City and State of New York, to be named by the successful bidder.
(3) Each of said Term Water Revenue Bonds shallbear interest from its
date at the rate of ~.125~ per annum. Said Serial Water R~venue Bonds shall
bear interest from their date as follows, viz: the bonds numbered from I to
162~, inclusive, at the rate of ~,0~ per annum.
(4) The Chairman and Clerk of the }toard of Supervisors are hereby
authorized and directed to cause said bonds to be printed and made ready for
execution and to execute said bonds in accordance with their terms.
(~) The Chairman of the Board of Supervisors is hereby authorized
and d£rected to present said bond~, when they have been duly executed, to The
Central National Bank of Richmond, for authentication in accordance with the
provisions of Section ~15 of said Resolutiono
~) The County Treasurer is hereby authorized and directed to deliver
said bonds, when they have been duly executed and authenticiated in accordance
with said Resolution, to the purchaser hereinbefore named upon receiving in
payment for said bonds the agreed purchase price and to deposit the proceeds
of said bonds in accoreance with the provtsio~ of Section ~1~ of said
Resolution".
The motion havin~ been duly seceded by Mr. ~arsha11 Drisk~lle it vas adopted,
the following members of the Board of Supervisors votin~ for the resolution.
Mr. Irvln GoHorner, MroH.T.~oyne~ Mr°Raymond J. Britton, Mr° Marshall F. Dris~il
Mr. Stanley R.Ha~ue. Jr.. and Mr. HoK.Hagerman. and no one votin~ against it.
l~hereas, the drainage on Rt./;t~?, east of Rt.221/~, has been blocked, resultin~
in untenable hazard~ and
~hereas, there appears robe no solution a~ this ~tme.
No~, Therefore, Be it Resolved~ on mo~ton of Mr. Brttton~ seconded by ~.
Dr~sk111, that ~hEs Board request the Department of Highways to take such
s~eps as are necessary to improve said drainage condition on Ri, 6~7 a~d
if right of ~ay for drainage cannot ~ secured it then be condemned*and paid
for from the Secondary Road funds,
This day the ~atter of sewerage treatment facilities in the ViLlage of'
Morrisdale came before the Board, and the fact was cited that R.Stuart Royer
& Associates, had submitted previously a bid to study the area and prepare a
sewer plan as outlined in a letter dated September 1Z. 1956, filed with the'
Boardts papers,
On motion of Mr. Goyne~ seconded by Mr°Hague, ~t is resolved that this Board
request the firm of RoS~uar~ Royer & Associates to study the area of Morrisdale
and to prepare plans for a sewerage system as specified above for the sum of
$500.00.
On moti0n~ the meeting is adjourned until 10:00 a.m.'on Marchl2, 1957.