Minutes 01/30/1967 - Laserfiche WebLink

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1" n ;' :$ -{; I li t )-r- MONDAY JANUARY JO, 1967 of borrowing from the Literary Fund $600,000.00 for the new school building (or for adding to or improving the present school building) at Martinsville, Virginia, to be paid in 20 annual installments, and the interest thereon at three per cent paid annually. RESOLVED, that the application of the City School Board to the State Board of Education of Virginia for a loan of $600,000.00 from the Literary Fund is hereby approved, and authority is hereby granted the said City School Board to borrow the said amount for the purpose set out in said application. The Council of said City will each year during the life of this loan, at the time they fix the regular levies, fix a rate of levy for schools or make a cash appropriation sufficient for operation expenses and to pay this loan in annual installments and the interest thereon, as required by law regulating loans from the Literary Fund. I hereby certify that the foregoing is a true copy as taken from the minutes of the Council of the City of Martinsville, Virginia. WHEREAS, the School Board of the City of Martinsville, Virginia, desires to participate and/or continue previously authorized participation in Federally-sponsored educational programs, such as !1Head-Start!1, "Manpower", !1Summer Reading", and any permitted under Public Law 89-10, when so deemed by said School Board as to improve the quality of education in Martinsville and where the costs of such do not require a cash contribution by the City of Martinsville or said School Board; now, therefore, BE IT RESOLVED by the Council of the City of Martinsville, Virginia, in meeting duly assembled this thirtieth day of January, 1967, that the School Board of the City of Martinsville be and is hereby authorized to conduct such Federally-sponsored educational programs, stich as hereinabove identified, through the facilities of the Martinsville Public School System, as the School Board may select, when--in the Board's judgment--the quality of education in Martinsville would be improved thereby and the costs of which do not require a cash contribution by the City of Martinsville and/or the Martinsville City School Board. In receiving from Mr. Herbert O. Hughes, Director, an annual report (for 1966-67) covering the activities and needs of the Recreation Department, Council commended Mr. Hughes for his accomplishments since becoming Recreation Director.