01-19-1966VIRGINIA: At an adjourned meeting of the Board
of Supervisors of Chesterfield County, held at
the Courthouse on January 19, 1966, at 2:00 p.m,
Present:
Mm. Irvin G.Horner, Chairman
Rlr. H. T. Goyne
Mr.R.J. Britton
Kr. J.Ruffin Apperson
Mr. H .O.Browning
i~r. A.R. Martin
Absent: None
Mr .Ernest P.Gates, Com,.Atty.
Rir. Robt. A.Painter, Co. Engineer
Mr. Howard A. May~, Jr. Co. Planner
Mr. F~.W.Burrett, Exec. Seedy.
This day there were presented to this Board the following bids for sale of the
~10,000,O00 School Bonds of Chesterfield County, Virginia, dated February 1, 1966
which were received at 12 o'clock noon, Eastern Standard Time, on the 19th day of
January, 1966, at the office of the~State Commission on Local Debt of the Common-
wealth of Virginia, Room Number 228, Finance Building, Capitol Square, Richmond~
Virgi ni a.
Phelps, Fenn & Co., F.7.Craigie & Co., Inc. and Associates, ~chool bonds ~mturing
1967 to.1969, both' inclusive, at 5 per centum, school bonds maturing 1970 to 1980,
both inclusive, at 3.~0 per centum, school bonds maturing 1981 to 1986, both
inclusiVe, at 3-1/2 per centum, the sum of Ten Million, Nine Hundred and 00/100
Dollars {$10,000~900.00) at an effective interest rate of 3o49~8. per centum;
The Chase Manhattan Bank, N.A., Manager and Associates, school bonds maturing
1967 to'1970, both inclusive, at ~.50 per centum, school bonds maturing 1971 to
1979, both inclusive, at 3.~O per centum, school bonds maturing 1980 to 1986;
both inclus.lve, at 3~'50 per centum, the sum of Ten Million ]rive Hundred --No]lO0
Dollars ($10,OO0,500.00)) at an effective interest rate of 3.50857 per centum.
First National City Bank and Associates, school bonds maturing 1967 to 1969~both
inclusive, at 4-1/2 per centum, school bonds mturing 1970 to t98Z~, both inclusive,
at 3-1/2 per centum, school bonds maturing 1985 to 1986, both inclusive, at 3.60
per centum, the sum of Ten Million, four thousand, three hundred and no/lO0 Dollars
(~10,00~,3OO.OO) at an effective interest rate of 3.5~30 per centum.
Harris Trust & Savings Bank, ~lerrill Lynch, Pierce, Fenner & Smith, Inc., Joint
Managers and Ass~ates, school bonds maturing 1967 to 1970,both inclusive, at
5 per ce~tum, school bonds maturing 1971 to 1979, both inclusive, at 3.~O per centum,
school bonds maturing 1980 to 1986, both inclusive, at 3-1/2 per centum, the sum
of T n Million Fourteen Thousaand Two Hundred and CO/10G Dollars{~lO,Ol~,2OO.OO)
at an effective interest rate of 3.5193 per centum;
Drexel & Co. and Associates, school bonds maturing 1967 to 1970, both inclusive,
at 5.20 per centum, school bonds maturing 1971 to 198t, both inclusive, at 3.~O
per centum, school bonds maturing 1982 to 1986, both inclusive, at 3.50 per centum;
the sum of Ten Million One Thousand One Hundred Fifty & 00/100 Dollars(~lO,OOl,~lSO.OO)
at an effective interest rate of 3.527~ per centum;
~',']orsa[ Guaranty Trust ComDany of New York and Associates, school bonds maturingf-'
[96~ to 1969, $oth inclus[ve-~, at ~-5/8 per centum, school bonds maturin~ 1970
198Z~, both inclusive, at 3-1/2 per centum, school bonds maturing 1985 t$ 1986,both
inclusive, at 3..60 per centum, the sum of Ten I%illion Three Hundred Seventeen and
NO/lO0 Dollars (~lO,O00,317.O0)at an effective interest rate of 3.550&1~
Halsey, Stuart & Go.Inc., Smitty, Barney & Co., Incorporated and Associates,
school bonds maturing 1967 to 1970, both inclusiff, e, at 5 p.r centum, school tends
maturing 1971 to 1979, both inclusive, at 3.~0 ter centum, school bonds maturing
1980 to 1986, both inclusive, at 3.50 per centum, the sum of Ten Million, One
Eundred Dollars and No/lO0 Dollars (:~10,000,I00.O0) at an effective inferest rate
of 3.53276 per centum.
The following resolution was introduced by ,i.j.~i~'~on,~ ~ , seco~i.=,- by. J.!hffin
Apperson, an¢ ;.~dopted by t'>'~,,:,:~ fol. low'~n~ vote:
AYES: Irvin G. Homer NAYS: None
H. T. Ooyne
R. J. i~.ri tton
J.Ruff]n Ap?rson
H.O.Brown~
A.K.Ihartin
?[hereas, the abovementioned and named bids w<~r", ~--'.,~,,~.s day. rec~v~:,d~ ,~,. by this
Th~ rid submitted by Phelss. Fcnn :'. Co.. F2¢. Crai::ia,. iq c,:.Ihc., and As:,o¢iates:
for th~': afores~-~id ~,~{10,006 scbco] bon,~!$ matur:~n.6'"':',~br:~a:'} !,
beth i~clusive~ at 3.~,0 p3r cantum, ~3~CO0~OOO sc~oot bonds maturing{
'.~ to 1986, }.otk inclusive, at 3-i/2 n~r.' centum, !:,?~e sum oi Tar: }iii!ion.li~:e
O0/lOC ~o!!ars{.~iO~O00~900.O0} at an effectiv::; int.,.:rast r{;t:.:
February 1, 1Woo, are here:by
On motion of I'<r. Britton, seconded bv i~lr. Apt:erson, it is resclved that the bid
for printing ~10,000,000 School Bonds be and it hereby is awarded to the American
Bank Note Company of New York, who submitted the bid of Sl125.O0.
There was presented a report of the inspection of the County .jail by the Division
of Corrections of the State Department of Welfare and Institutions, which report is
I file~ with the papers of this Board.
!i it was generally agreed that the Red Cross be al. lowed co use the Exhibition Building
at the County Fair Grounds for the Annual Art Exhibit from April 2g through Piay i0~
i 1966.
On motion of Mr.Apperson, seconded by Mr. Govne, it is resolved that this Board
recommends to the Judge of Circuit Court the Honorable William Old, the appointment
of the following named citizens to the Board of Real Estat'e Assessments:
W. S.Carnes
Rufus R.Cashion
A. J. Goo dwyn
W. B .F. Johnson
J. L. Longest
On motion of Mr.Goyne, seconded ~y Mr.Martin, it is resolved ~hat a water connection
be given free of charge to the Bensley Rescue Squad and the actual cost of setting
a water meter at this location be billed to the General Fund of the County.
On motion of ~'Ir.~T, person, seconded by Mr. Britton, it is resolved that the following.
ordinance be introduced and proper advertisement and a public hearing be held on
February 2L, 1966 at 2:00 p.m.:
AN O~iNANCE to amend The Code of the County of Chesterfield,
Virginia, by adding a new section to require the owners of
all dogs to confine their dogs to the premises of the owner
during the first fourteen (1~) days of April and September
of each year.
It is here noted that Mr.l~artin and ~,ir. Goyne vote "No", stating that the time of
confinement is inadequate.
On motion of Mr. Browning, seconded by Mr. Apperson, it is resolved that the game
claim of Mrs. Catherine Roane im the amount of ~20.00 be and it hereby is approved
for payment.
On motion of Mr. Goyne, seconded by Mr. Britton, it is resolved that bids for the
tank foundation for water tanks at Robious and Chester be awarded to the low
~ bidder, who is apparently the Hendricks Construction Company.
Mr. Goyne raises certain euestions concerning the solicitation of funds for the
construction of street sign on Coxendale Road and requested that the ~.mtter be
investigat ed thoroughly.
On motion of Mr. Browning, seconded by M~.apperson, it is resolved that this meeting
be adjourned at 3:30 p.m. toJanuary 27, 1966 at 2:00 p.m.
Exec utzve oecret ary