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HomeMy WebLinkAboutCOMM - Meeting Minutes - 198-A - 4-12-1954 - COMMISSIONERMINUTE BOOK 241 BOARD OF COUNTY COMMISSIONERS WASHINGTON,COUNTY, PENNSYLVANIA FRANCIS E. PETTIT, W. J. LANE, JOHN MAZZA, COMMISSIONERS E P described properties to the following described persons, for the sum or price set opposite the same, plus the costs in each case: NAME DESCRIPTION PRICE Borough of Roscoe 'Acre Lot - Saw Mill and Miller Avenue, Roscoe. Former Owner: Mike Benosky $ 87.10 Cree M. Crouch Interest - 140 Acres Coal - adj. J. C. Mounts and C. Crouch, North Franklin. Former Owner: Thomas E. Ellwood et al - Wharton Interest $ 63.50 Cree M. Crouch I Interest - 140 Acres Coal - adj. J. C. Mounts and C. Crouch, North Franklin. Former Owner - Thomas E. Ellwood et al c/o Bessie Zediker. $ 62.96 Mac Kennedy Lot #506 in the Clyde Land Company Plan, Clarksville, East Bethlehem. Former Owner: Roland and Eva Clark $100,00 Motion carried. Careful study of bids received was made by Michael A. Hanna, County Solicitor, and upon his recommendation award was made by motion of Mr. Mazza, seconded by Mr. Pettit, to S. K. CUNNINGHAM & CO., INC., Investment Securities, Commonwealth Building, Pittsburgh 22, Pa., this being the highest bid received. Motion carried. There being no further business to come before the Board at this time, the meet adjourned. THE FOREGOING MINUTE READ AND APPROVED: K A NO. 198 A Office of the County Commissioner& Washington, Pa., April 12, 1954 Board of County Commissioners in regular session, those present being Messrs. Pettit and Mazza. Motion by Mr. Mazza, seconded by Mr. Pettit, that the following resolution pro- viding for the issue and sale of 120,000.00 issue of 1954 Bonds, be adopted. RESOIZTTION PROVIDING FOR THE ISSUE AND SALE OF $120,000.00 ISSUE OF 1954 BONDS WHEREAS it is necessary that the -County of Washington, Pennsylvania, shall borrow money and incur an indebtedness in the sum of One Hundred Twenty Thousand ($120,000.00) Dollars for the purpose of providing funds for the improvement of the County Airport in said County, same having been heretofore acquired by said County; THEREFORE, BE IT RESOLVED by the Board of County Commissioners of the County of Washington, as follows:- 242 MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA FRANCIS E. PETTIT, W. J. LANE, JOHN MAZZA, COMMISSIONERS Section 1. That the indebtedness of the County of Washington be and it is hereby increased by the amount of One Hundred Twenty Thousand ($1201,000.00) Dollars for said purpose by an issue of general obligation bonds of the said County. Section 2. Said bonds shall be in coupon form, numbered consecutively from One (1) to One Hundred Twenty (120) both numbers inclusive, each in the principal sum of One Thousand ($12000.00) Dollars, dated and bearing interest from the first day of May, 1954, at the rate of one and three quarters (1 3/4%) per centum per annum, payable semi-annually on the first day of the months of May and November in each year during the term of said bonds which shall mature in numerical order and be paid as follows: - Ten bonds, Ten Thousand ($10,000900) Dollars on Novembe: first in each of the years 1955 to 1966s both inclusive. The principal and interest of said bonds shall be payable at the Office of the County Controller of said County in the City of Washington, Pennsylvania. Said bonds shall also provide that the County of Washington will pay or refund any tax (except gift, succession or inheritance tax) legally levied or assessed upon said bonds or upon the debt secured thereby under any present or future law of the Commonwealth of Pennsyl- vania. Any or all of the bonds of this issue numbered 61 to 120 inclusive, shall be subject to redemption at the option of the County in inverse numerical order on November first, 1960 or on any interest payment date thereafter at par value and accured interest, provided notice of such call be given by registered mail to all registered owners and by advertisement once a week for two successive weeks in a newspaper of general circulation in the City of Wash- ington, Pennsylvania, the first advertisement to be made at least thirty days before the date on which the bonds will be redeemed and paid. Section 3. Said bonds are hereby declared to be general obligations of the County of Washington, and shall pledge the full faith and credit of the County. Section 4. The period of usefulness of the improvements for which the said bonds are to be issued is twenty years. Section 5. The form of said bonds and the coupons thereto annexed shall be sub- stantially as follows: - UNITED STATES OF AMERICA C€ iONWEALTH OF PENNSYLVANIA COUNTY OF WASHINGTON ISSUE OF 1954 BOND No. $15,000.00 KNOW ALL MEN BY THESE PRESENTS that the County of Washington, in the Commonwealth 11 of Pennsylvania, is indebted and promises to pay to the bearer, or, if registered, to the register ed owner hereof, the sum of One Thousand ($1,000.00) Dollars, lawful money of the United States of America on the first day of November, 19 , at the Office of the County Controller of said County in the City of Washington, Pennsylvania, with interest thereon from the date hereof, until this bond shall be fully paid, at the rate of one and three-quarters (1 3/4%) per cenrtum per anmm, payable semi-annually at the Office of said County Controller on the first day of the months of and November of each year, upon presentation and surrender of the annexed coupons as they C 1 severally become due and to pay or refund any tax, except gift, succession or inheritance tax, MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA FRANCIS E. PETTIT, W. J. LANE, JOHN MAZZA, COMMISSIONERS 2'":113 • legally levied or assessed thereon or upon this bond or upon the debt secured hereby under any present or future law of the Commonwealth of Pennsylvania; and for the true and faithful payment of this bond and the interest and taxes thereon as aforesaid, the faith, credit, taxing power I and resources of the County of Washington are hereby irrevocably pledged. I The County of Washington reserves the right to call, redeem and pay any or all of the bonds of this issue numbered 61 to 120 both inclusive, in inverse numerical order on November 1, 1960 or on arW interest payment date thereafter at par value and accrued interest, provided notice of such call shall be given by registered mail to all registered owners and by " l advertisement once a week for two successive weeks in a newspaper of general circulation in the City of Washington, Pennsylvania, the first advertisement to be made at least thirty days before the date on which the bonds will be redeemed and paid. I This bond is one of a series of one hundred twenty (120) bonds of like date, I amount and tenor, except as to the date of maturity and provisions for redemption; numbered consecutively form one (1) to one hundred twenty (120) both inclusive; amounting to the aggregate I to the sum of One Hundred Twenty Thousand ($120,000.00) Dollars issued in accordance with the Act of the General Assembly of the Commonwealth of Pennsylvania, approved the twenty-fifth day of June, A, D. 1941s P. L. 159, as amended, and by virtue of resolutions of the Board of County Commissioners of said County and the sworn statement of authorized officers thereof, as appears of record in the Office of the Clerk of the Court of Quarter Sessions of Washington County, ! Pennsylvania. i It is hereby certified that all acts, conditions and things required to be or be done, happen and be performed precedent to and in the issuance of this bond or in the creation i of the debt of which it is evidence have been done, happened and been performed in regular and I due form and manner as required by law and that this bond, together with all other indebtedness jof the said County of Washington is not in excess of any constitutional or statutory limitation i and that an annual tax sufficient for the payment of all future debt service charges on the i issue of bonds of which this bond is a part, has been properly levied and assessed and that said tax is not in excess of any legal limitation. This bond shall pass by delivery or it may be registered in the name of the I owner at the Office of the County Controller in the City of Washington; such registration being noted hereon by the said County Controller. After such registration, no transfer shall be valid unless made at said office by the registered owner in person or by an attorney duly authorized 1 j and similarly noted hereon. This bond shall, however, be discharged from registration by being in like manner transferred to bearer and thereafter shall be transferable by delivery; but it shall continue subject to successive registration and transfer to bearer as aforesaid at the option of the holder. The transferability of the coupons by delivery shall not be affected by i registration of the bond. I IN WITNESS WHEREOF the County of Washington has caused this bond to be properly 3 1 executed by its County Commissioners or a majority of them and its coporate seal to be hereto affixed, and to be countersigned by the County Controller of said County, and has also caused the coupons hereto attached to be authenticated with the facsimile signature of the County Controller as of date the first day of May, A. D. 1954. I 244 MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA FRANCIS E. PETTIT, W. J. LANE, JOHN MAZZA, COMMISSIONERS Countersigned: - Peter Elish (Signed) Controller of the County of Washington No. County ofWashington County Commissioners FORM OF COUPON $8.75 The County of Washington, Pennsylvania, will pay to bearer at the office of the County Controller of said County in the City of Washington, Pennsylvania, on the first day of 19 , Eight and 75AOO ( 8.75) Dollars, in lawful money of the United States of America, free of State taxes, being six months' interest on its Issue of 1954 Bond, dated May 1st, 1954 and numbered , unless the aforementioned bond shall have been called for earlier redemption. I Peter E'l.ish (Signed) County Controller FORM OF REGISTRATION Date of Registry In Whose Name Registered County Controller i Section 6. The said bonds shall be signed by the County Commissioners or a i majority of them and countersigned by the County Controller and the corporate seal of said j County shall be affixed thereto. The coupons shall be authenticated with the lithographed facsimile signature of the County Controller. The Treasurer shall deliver said bonds to the purchaser and receive payment therefor on behalf of the County after sale of the bonds in the manner required by law. Section 7. There is hereby levied and assessed upon all persons and property subject to taxation for County purposes an annual tax in each of the following fiscal years of j s so many mills as will yield amounts sufficient for the payment from time to time of interest ! i covenanted to be paid on said bonds and the principal thereof at maturity: i Year Amount ! 1955 13,150.00 1956 ll,925.00 1957 11,750.00 1958 11,575•00 1959 11,400.00 1960 112225.00 ; 1961 112050.00 1962 10,875.00 1963 10,700.00 1964 10,525.00 1965 10050.00 s 1966 10,175.00 which taxes are sufficient for and shall be applied exclusively to said debt service charges as the same shall from time to time become due and payable. The collection of said tax shall ! f commence with the fiscal year beginning 1955, being the first fiscal year following the issue of said bonds. Section 8. There is hereby fund for the of the established a sinking payment i bonds hereby authorized. All moneys realized from the taxes hereby levied Ah#11 be paid into � I i I f BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA FRANCIS E. PETTIT, W. J. LANE, JOHN MAZZA, COMMISSIONERS d the sinking fund hereby created as collected and shall be applied exclusively to the payment of the principal of said bonds at maturity and to interest and State tax thereon meanwhile to which purposes they are hereby irrevocably pledged. Section 9. There is hereby appropriated and transferred from the General Funds of the County the sum of $1050.00 for the purpose of meeting the requirements of this issue of bonds for debt service charges pending the collection of the tax levied for that purpose and such amount so appropriated and used shall be repaid to the General Hind out of the proceeds of the tax levied for the year 1955- Section 10. It is hereby declared that the debt to be incurred hereby, together with the existing net debt of the County is not in excess of any constitutional or statutory, limitation and the County Commissioners, or a majority of them, and the County Controller are hereby directed and authorized to prepare, verify and file with the Clerk of the Court of Quarter Sessions, of Washington County, the statement required by the Act of Assembly, approved June 25th, 1941, P. L. 159, as amended, to do and perfom all other acts proper in connection therewith. Section 11. All resolutions or parts of resolutions not in accord with this resolution are hereby repealed in so far as they conflict herewith. PASSED this 12th day of April, 1954. I i Attest: - Joseph Di Filippo Chief Clerk (Seal of the County of Washington) Lotion carried. Francis E. Pettit (Signed) Chairman, Board of County Commissioners William J. Lane (Signed) Commissioner John Mazza (Signed) Commissioner CERTIFICATE TO RESOLUTION I, the undersigned, being the Chief Clerk of the Board of County Commissioners of Washington County, Pennsylvania, do hereby certify that the foregoing and attached is a true copy of a resolution which was duly adopted at a regular and lawful meeting of the said Board held April 12th, 1954s as the same appears on the minutes of said Board; that said resolution I jreceived the affirmative vote of a majority of all the members of the Board of County Commis& and said vote has been recorded upon the minutes of the Board, and that said resolution has been published as required by law in thel4ashington Observer being a newspaper of general circulation published in the County of Washington, Pennsylvania. WITNESS my hand this 12th day of April, 1954 (Seal of the County of Washington) ing adjourned. Joseph Di Filippo (Signed) Chief Clerk There being no further buisness to come before the Board at this time, the meet- THE FOREGOING MINUTE READ AND APPROVED: