HomeMy WebLinkAboutCOMM - Meeting Minutes - - 3-30-1931 - COMMISSIONER e305
MINUTE BO. O. K '
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA �
JAMES W. WALKER, J. ELMER JOHNSTON. W. A.;-BARNES. COMMISSIONERS
1
Office of the County Commissioners
Washington, Pa. , March 30, 1931
WHEREAS, the funds in the treasury of the County of Washington are at
this time inadquate to satisfy and pay the current expenses, costs, debts or
liabilities that are now payable, or are to presently become payable, and
in order to pay the same it has become necessary to make a loan of approximately
$Two Hundred fifty Thousand ( 250,000.00) Dollars; and
WHEREAS, the County Commissioners 'have determined to borrow the said sum
of Two hundred fifty thousand (250,000,00) Dollars, upon the notes of said
County issued in anticipation of the taxes to be levied and collected during the
year 1931, which said taxes will be more than sufficient to pay the principal
and interest of the said loan of Two Hundred fifty thousand (1950,000.00) j
Dollars.
NOW, THEREZ RE, BE IT RESOLVED:
1. County of Washington, Commonwealth of Pennsylvania, shall borrow j
Two hundred fifty thousand ( 250,000.00) Dollars in anticipation of taxes to be
levied and collected by said County during the year 1931,
2. Said loan shall be secured by notes in substantially the form herein-
after set forth, to be dated April 1, 1931, to be payable August 1, 1931, at
the office of Graham, Parsons & Co., Philadelphia, Pennsylvania, and to bear
interest at the rate -of four and one half per cent(4 ) per annum. Said notes
shall be in the 'followin8 denominations: Five (5) notes in the principal amount
of $50,000 each.
3. Said notes shall be executed by the County Commissioners,. with
the seal of the County thereto affixed, dulyjattested by the` Commissionerts Clerk
and shall be paid as recited therein on their respective maturity dates out of
tadesr�l�e�rilsd �ndc�ceAleet�tl�dn��ee$�.arx; 1R53s �•u; . . .; .
4. Said Notes shall be in substantially the following form: 50,000.
For value received, the County of Washington, Commonwealth of Pennsylvania,
acknowledges itself indebted, and promises to pay to beardrrattAhe afftore of
Graham, Parsons & Co., Philadelphia, Pennsylvania, the sum of Fifty Thousand
( 50,000) Dollars on August 1, 1931, with interest thereon at the rate of four
and one-half (4j) per cent per annum. This note has been duly authorized by
resolute of the County Commissioners of the County of Washington, duly adopted
oapthd 30th day of March, 1931, and is issued in anticipation of and payable out
of taxes to be assessed, levied and collected during the year 1931.
IN WITNESS WHEREOF, the County of Washington has caused this note to be
executed by its commissioners, with the seal of the County hereunto affixed,
duly attested by the Commissioner's Clerk, this 30th day of #arch, 1931.
ATTEST:
COUNTY COMMISSIONERS.
omm ss oner s Clerk
5. All resolutions not in accordance with this resolution be and the
same are hereby repealed.
Duly adopted this 30th day of March, 1931,
ATTEST:
COUM COMMISSIONERS.
Commissioner's C er .
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