HomeMy WebLinkAboutCOMM - Meeting Minutes - - 5-29-1937 - COMMISSIONER i
MINUTE BOOK
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA
JOHN D. BERRYMAN, EARL B. AMOS, JOHN N. O'NEIL COMMISSIONERS
Office of the County Commissioners,
Washington, Pay., May 29, 1937.
Board of County Commissioners in regular session, each member having had
personal notice of meeting, members present being Messrs. Berryman, Amos and
O'Neil.
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 Fifty Thousand ($50,000.00) Dollars as a temporary loan was pre-
sented, duly seconded and adopted by said Board, to-wit:
WHEREAS, it has become necessary for said Board to borrow the sum of Fifty
Thousand ( 50,000.00) Dollars for the purpose of meeting current expenses for
the year 1937 and to be payable out of taxes and other current revenues which
have been assessed and levidd and are to be collected by the County during the
year 1937, now, therefore,
BE IT RESOLVED, by the Board of County Commissioners of the said County
of ashington, that for the purpose of providing funds for the payment of cur-
rent 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 be
collected during the year 1937, 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 1937, with interest from
date of said note at the rate of two and one-half (21) 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., $50,000.00
There being no further business before the Board, the meeting was
adjourned.
(SIGNED) 101,
COUNTY COMMISSIONERS.
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