HomeMy WebLinkAboutCOMM - Meeting Minutes - 70 - 4-29-1940 - COMMISSIONERMINUTE BOOK
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA
JOHN D. BERRYMAN, ROSS R. CUMMINS, JOHN N. O'NEIL.., COMM1$SIONERS
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There being no further business, the meeting was adjourned.
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THE FOREGOING MINUTES READ AND APPROVED:
April 25, 1940
ATTEST:
NO. 70
Office of the County Commissioners,
Washington, Pa., April 29, 1940.
Board of County Commissioners in regular session, members present being Messrs. Cummins
and O'Neil; Mr. Berryman being unable to attend:
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 Mmdred
Thousand 0100,000900) Dollars as a temporary loan, was presented, duly seconded and adopted
by said Board, to -wit:
'WHEREAS It has become necessary for said Board to borrow the sum of Bne Hundred Thousand
( 100,000.005 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 are to be levied
and 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 are to be levied and oolleo-
ted during the year 1940, and so much of said taxes as may be necessary to repay said loan, with
interest, is 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 cent, 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 follows:
THE WASHINGTON UNION TRUST COMPANY, Washington, Pa.,
$100y000400
There being no further business before the Board, the meeting was adjourned.
THE FOREGOING MINUTES READ AND APPROVED:
April 29, 1940
ATTEST: