HomeMy WebLinkAboutCOMM - Meeting Minutes - 19 - 1-17-1940 - COMMISSIONER, 2 MINUTE BOOK
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA
JOHN D. BERRYMAN, ROSS R. CUMMINS, JOHN N. O'NEIL. COMMISSIONERS
12 39 WARD PRINTING CO 123E@--'--
NO. 19
Office of the County Conmi ssioners,
Washington, Pa., January 17, 1940.
Board of County Commissioners in regular session, each member having had personal notide of
meeting, members present being Messrs. Berryman, Cummins and O'Neil,
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The following Resolution of the Board of County Commissioners of the County of Washington,
State of Pennsylvania, relative to the issue by the said County of a note for One Hundred Thousand
(100,000.00) Dollars as a temporary loan, was presented, duly seconded and adopted,by said Board,
,, to -wit:
WHEREAS, It has become necessary for said Board-ito borrow the sum of One Hundred Thousand
(100,000.00) Dollars for the purpose of meeting current expenses for the year 1940 and to be
payable out of taxes and other current revenues which have been assessed and levied and are to be
collected by the County during the year 1940, now, therefore,
BE IT RESOLVED, By the Board of County Commissioners of the said County of Washington, that
for the purpose of providing funds for the payment of current expenses of the County, the proper
officials of the said County are hereby authorized and directed to negotiate a temporary loan on
such terms as may be agreed upon by them, payable out of taxes which have been levied and are to
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be collected duringthe year 1940, and so much of said taxes as may be necessary to repay said loan,
with interest, are hereby set aside and designated for that purpose, and issue a note therefor,
payable August 5, 1940, with interest from date of said note at the rate of two (2) per cento per
annum, free of all taxes levied by the Commonwealth of Pennsylvania, which said taxes the County
of Washington assumes and agrees to pay, said note to be negotiated and issued as followsz
THE WASHINGTON 'UNION TRUST COMPANY, Washington, Pa.,
$1008000.00
I There being no further business before the Board, the meeting was adjourned#
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i THE FOREGOING MINUTES READ AND APPROVED:
January 19, 1940
ATTEST:
NO. 20 Office of the County Commissioners,
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Washington, Pa., January 19, 1940
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County Commissioners in regular session, those present being Messrs. Cummins and O'Neil, Mr.
Berryman being absent.
Minutes Nos, 16-17-18-19 of the foregoing meetingswere read and approved by the Board.
A Note in the amount of $100,000.00 was executed and negotiated through the Washington Union
Trust Company in accordance with a Resolution duly adopted by the Board on January 17, 1940
(Minute No. 19).
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