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VIRGINIA:
<br />
<br /> adjourned ·
<br /> At a~%eeting of the Board of
<br />-Super. visors of Chesterfield County,
<br /> held a t the Courthouse on
<br /> September 18, 1947, at 8:00 p.m.
<br />
<br />Present:
<br />
<br />H.T.Goyne, Chairman Pro Tem
<br />T. D. Watkins
<br />J .G. Hening
<br />W.A.Horner
<br />P .W. Covington
<br />
<br />Absent:
<br /> H.L.Chalkley
<br />
<br />This day the Executive Secretary read an order from the Circuit Court of Chester-
<br />field ~ounty as follows:
<br />
<br />IN RE:
<br />
<br />The matter of the ~Issua~oe of Revenue Bonds
<br />by the Board of Supervisors of Chesterfield
<br /> County.
<br />
<br />Order requiring theBoard of Supervisors of Chesterfisld
<br />County, Virginia, to carry out the wishes of the
<br />qualified voters of said County, except in the Incorporated
<br />Town of Colonial Heights, as expressed at the special
<br />eleetion held on September 8, 1947.
<br />
<br /> This Court, having previously, to-wit, on the 14th day of July,
<br />1947, entered an order calling an election in the County of Chesterfield, Virginia,
<br />except in t he incorporated Town of Colonial Heights, on the 8th day of September,
<br />1957, on the question "Shall the Board of Supervisors of Chesterfield County,
<br />Virginia, issue Revenue Bonds of said County in the amount of Five Hundred Thousand
<br />Dollars for the purpose of construction, acquiring, reconstructing, improving,
<br />maintaining, operating and extending water supply systems in the County of Chester-
<br />field, Virginia, notice of which election was duly given as provided in the Statute
<br />in such cases made and provided, and the Commissioners of Election of said County
<br />having certified to this 6curt that 935 electors in s aid County, except in the
<br />incorporated Town of Colonial Heights, voted in favor of said bond, and 481 electors
<br />in said County, except in the incorporated Town of Colonial Heights, voted against
<br />said bond issue, whereby it is shown that a majority of said voters in said County
<br />wish the issuance and sale of said Revenue Bonds for the purposes aforesaid as
<br />authorized by Chapter 175 of the Acts of the General Assembly of Virginia 1946
<br />authorizing their issuance;
<br />
<br /> NOW, THEREFORE, this Court doth order the Board of Supervisors of
<br />Chesterfield County, Virginia, to proceed at their next meeting to take whatever
<br />steps may be necessary to order the issuance and sale of the Revenue Bonds herein-
<br />before referred to in order to carry out the wishes of the voters as expressed at th~ said
<br />election, to the end that the improvement to be financed by the issuance and sale of such
<br />bonds may be speedily and economically made.
<br />
<br /> And the Clerk of this Court is hereby ordered t~ transcribe this
<br />order on the proper Order Book and deliver a certified copy thereof to the Board
<br />of Supervisors of Chesterfield County, Virginia.
<br />
<br /> Whereupon the Commonwealth's Attorney stated that according to law
<br />the Board was directed by the Court to proceed with the s ale of bonds as stated
<br />in the Order.
<br />
<br /> Upon consideration whereof, and on motion of T. D. Watkins, it is
<br />resolved that the Board of Supervisors prepare,, issue and sell $250,000.00 of
<br />Revenue Bonds and that the Commonwealth's Attorney and ~xecutive Secretary be
<br />appointed as a Committee to work up a prospectus of these bonds, including the
<br />denomination of bonds, Sethod of payment and whether they s$ould be stated as
<br />interest bearing bonds or open ~or bid on interest payment, which motion was
<br />seconded by Mr. W. A. Homer.
<br />
<br />Thisday Mr. W. A. Homer, stated that he felt that a complete audit of the water
<br />systems was necessary in order to provide prospective Bond Buyers with a financial
<br />statement.
<br /> Upon consideration whereof, and on motion of W.A.Horner, it is resolved that the
<br /> Executive Secretary be and he hereby is instructed to employ the A.M.Toler and
<br /> Company to make a complete audit of the water systems and Utilities Department
<br /> of Chesterfield County and assist in setting up the proper accounts for future
<br /> operations of the Utilities Department.
<br />
<br />
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