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HomeMy WebLinkAboutCOMM - Meeting Minutes - - 1-7-1930 - COMMISSIONER OR I k-3 MINUTE BOOK BOARD OF COUNTY COMMISSIONERS, WASHINGTON COUNTY, PENNSYLVANIA JAMES W. WALKER, J. ELMER JQHNSTON. W.A. BARNES, COMMISSIONERS COPY OF RESOLUTION RESOLUTION of the Board of' County Commissioners of the County of Washington and State of Pennsylvania, relative to the issue by the said County of one hundred seventy-five (175) Road improvement Bonds of the denom- ination of One Thousand ($1,000.00) Dollars each. At a meeting of the said Board of County Commissioners of the County of Washington, in the State of .Pennsylvania, duly called and held at the office of the said Board of County Commissioners -at the Court House of the said County of Washington, in the City of Washington, Pennsylvania, on the 7th day of January, 1930, all of the members of said Board, to-wit: W. A. Barnes, J. E. Johnston, and J. W. Walker, being present, the following Resolution was, on motion duly made and seconded, and adopted by the affirmative vote of all of said members of said Board, to-wit: WHEREAS, by proceedings had in the Court of Quarter Sessions of said Washington County, Pennsylvania, in accordance with the provisions of the Acts of the General Assembly of the Commonwealth of Pennsylvania, approved the Ilth day of May 1911, Pamphlet Laws page 244, and the 31st day of May, 1911, Pamphlet Laws page 468, and the amendments thereof and supplements thereto, the improvement and construction of certain sections of the main public roads in said County has been authorized, ordered and decreed. HEREAS., the said Board of County, Commissioners of said County j propose to proceed, during the year 1930, to improve and construct the said o roads so authorized and directed to be i,proved and constructed as aforesaid, and in order to provide for the funds to pay the cost of the said improvement a construction of said roads, it is necessary to borrow upon bonds to be issued by the said County the sum of One Hundred Seventy-five Thousand ($175,000.00) Dollars, the funds now in the treasury of the said County, and those to come in during the said year, from sources other than each borrowing, not being sufficient to defray said cost, NOW1 THEREFORET BE IT RESOLVED by the Board of County Com- missioners of the said County of Wakington, and State of Pennsylvania, that for the purpose of providing funds to pay the cost of the improvement and construction of the public roads and highways now constructed or to be con- structed by said County, so as aforesaid authorized, ordered and decreed, the said county do borrow the sum of One Hundred Seventy-five Thousand ($17f>,000,00) Dollars, and increase its indebtedness by the issue of one hundred seventy-five (175) bonds in the denomination of One Thousand ($1,000.00) Dollars each, o to be numbered from one to One Hundred seventy-five (1 to '175), both inclusive, to bear date the lst day of February, 1930, and to bear interest at the rate Igg MINUTE BO. 0, K BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA JAMES W. WALKER, J. ELMER JOHNSTON, W. A.BARNES, COMMISSIONERS of four and one-fourth (4g%) per cent, per annum, from their date, payable semi- annually on the lst days of February and August in each year., both principal and interest being payable, free of any taxes required to be paid or which may be hereafter required to be paid under any' law of the Commonwealth of Pennsylvania, (except success ion and inheritance taxes) , the said County expressly agreeing and assuming to pay the same. The principal of the said bonds to mature as follows,to-wit: Bonds numbered Date of Maturity Aggregate amount 1 to 10, both inclusive February 1. 1942 $100000.00 11 to 15.,both inclusive February 1, 1943 50000.00 16 to 2031both inclusive February lt 1944 50000.00 21 to 25,both inclusive February 1. 1945 5,000.00 26 to 30.,both inclusive Februar- 111 1946 5,000.00 31 to 35.both inclusive February 11 1947 50000.00 36 to 409both inclusive February 1., 1948 5,000.00 41 to 45.,both inclusive February 11 1949 5,000.00 46 to 45.,both inclusivek" February 1, 1949 - 5p000.00 46 to 50,both inclusive February 1. 1950 5P000.00 51 to 55P both inclusive February 11 1951 50000.00 56 to 60.,both inclusive February 1, 1953 50000.00 61 to 75,both inclusive February 1, 1954 15.0000.00 76 to 80,both inclusive February 1, 1956 5t000.00 81 to 105,both inclusive February 1, 1957 25p000.00 106 to 155,both inclusive February 11 1958 50.9000.00 156 to 175,both inclusive February 1, 1959 200000.00 M BE I ITtFURTM(I,REBOLM,I,-)thati-inwadntU&Irtiix.,tbeginAlmghwithi the iygar 10ft;-be and the same is hereby levied and assessed upon the proper subjects of taxation within said County, to be applied solely to the payment of the principal of said bonds at maturity and the interest and State taxes thereon as the same shall become payable, (said annual tax is sufficient for the payment of the in- terest and State taxes thereon and of the principal of said debt within a period not exceeding thirty years, to-wit, within thirty (30) years from the date of increasing said debt) . to be collected, for the following 'years and in the fol- lowing amounts, to-wit: Year Amount 1931 $8..137.50 1932 8p137.50 1933 8P137.50 1934 8*137.50 1935 80137,50 MINUTE BooK E30ARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENN5YLN- ANIA- JAMES W. WALKER, J. ELMER JPki"TON.- W. A. BARNES, CQMM)SS1QNERr, Year Amount 1936 8,137.50 1937 8,137.50 1938 8.9137.50 1939 8,137.50 1940 8,137.50 1941 8,137.50 1942 18,137.50 1943 12,672.50 1944 122440.00 1945 12,207.50 1946 112975.00 1947 11p742.50 1948 11,510.00 1949 11s277.50 1950 llj045.00 1951 10,812.50 1952 5§0580.00 1953 100580.00 1954 20s347.50 1955 4,650.00 1956 9,650.00 1957 29,417.50 1958 53?255.00 1959 20p930.00 A1�1D BE IT FURTHER RESOLVED that pending the collection of the tax hereinabove levied there is hereby appropriated from the current revenues of the County of Washington the sum of $4,418.75 to meet the interest on said bonds falliug-duef'�un August 1., 1930, and the State -rax for the year 1930, which said sum shall be repaid out of the taxes hereinbefore levied when and as the same shall be collected. AND BE IT FURTHER RESOLVED, that the money collected f- -- ,, from the taxes levied in the foregoing resolution authorizing the issue of the said bonds, shall, as collected, be paid to the County Treasurer, into a special sinking fund, to be kept separate from the other funds, and shall be applied by him to the payment of the principal of said bonds at the maturity thereof and the interest and State taxes thereon as the same become due and payable . AND BE IT FURTHER RESOLVED,, that before any of said bonds shall be issued., a Statement shall be prepared, executed and filed in . ~ . ' . � /���.�[ � � � K �^� � � T E BOOK |