HomeMy WebLinkAboutCOMM - Meeting Minutes - - 3-8-1938 - COMMISSIONER MINUTE BOOK
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA
JOHN D. BERRYMAN, EARL B. AMOS, JOHN N. O'NEIL COMMISSIONERS
Oftice of the County Commissioners,
Washington, Pa. , March 8, 1938.
Board of County Commissioners in regular session, each member having had
personal notice of meeting, members present being Messrs. Berryman, Amos and
OtNeil.
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 (950,000-00) ,bollars for
the purpose of meeting current expenses for the year 1938
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 1938, 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 leveid
and collected during the year 1938, 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 there-
for, payable August 5, 1938, 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 C6mmonwealth 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)
COUNTY COMMISSIONERS.