HomeMy WebLinkAboutCOMM - Meeting Minutes - - 3-16-1917 - COMMISSIONER March 16, 1917,
In session Messrs Watson, Barnum and Hill. X "
Following resolution presented and adopted unanimously on
Motion of Mr. Vatson, second*d by Mr, Hill;
ftookution of the Board of County Commissioners of the Count
of ,Washington, relative to the is~m by the said county of
One Hundred Twenty five Road Improvement Bonds of- the denom-
ination of One Thousand Dollars each.
At a meeting of the Board of County Commissioners of the
County of Washington in the State of Pennsylvania, regularly
held at the office of said Board of County Commissioners at
the Court 'House of the said County of .Washington in the Bor-
ough ofjWashingtop,Pennsylvania, on the 16th day of March
1917, all #f the members of said Board, to wit, dOHN O#WATSOH,
A. P. BARNUM Aft THOMAS HILL, being present, the following
resolution was, on motion duly made and seconded,unanimounly
adopted by said Board, to wit:
JUNAS, By proceedings had in the Court of Quarter
Sessions of Washington County, in accordance with the Act 41A
llth,1911, P. L. 244, the improvement under the said Act of
divers sections of the main public roads in said county has
been authorised and ordered and decreed to be done; and.
WHEREAS, The County Commissioners of the said 0ounty
propose to proceed, during 'the year 1917, to construct av`
part of the improved roads, the improvement and construction-
of which has been authorized and directed as aforesaid, Ono
order to provide for the cost of construction the saaate�,
neoeesary to borrow upon bonds to be issued by the said 00
the sum of One Hundred Twenty five Thousand Dollars ($125, t
the funds now in the treasury of said county and those to come
into it during the said year, (from sources other than such
borrowing) not being sufficient to defray each costs,
a E:
'4F THEFQBB .IT RBgQL By the Board of County
Commissioners of the said County of Washington, that for the
ourpose of paying- for the cost of the road improvements, so
as aforesaid authorized, and to be constructed by said countyw
as aforesaid, the said county do borrow the sum of tine Hundred
Twenty five Thousand Dollars ($125,000) -and increase its
j indebtedness by the issue of One Hundred Twenty five Bonds in
the denomination of One Thousand Dollars ($1,000)eacah, to be
numbered from one to one hundred and twenty five (1 to 125) ,
birth inclusive, to bear datd- the second day of April, 1917,
and,. to bear interest at the rate of four per cent (40) per
ann pt from their date, payable semi-annually on the first
of 4ril and October in each•year, bath principal and into
being payable, free of any taxes required, to be paid or whi
" h
may be hereafter required to be paid under any lax of the
Commonwealth of Pennsylvania; said county expressly agr"in 5~
and assuming to pay the same. The principal of said bonds to '4-
mature as follower:
:�-
1, to 5 5,1000 October Is 192
6 to 15 16"000 October 1, 192
16 to 25 10,000 October 1, 192t.
26 to 35 10,000 October 1, 192 .
36 to 45 10,000 October 1,_ 1929,'
46 10,000 October 1, 1930,
56 `tag 65 _ 10,000 October 1, 19314 =
66 to 75 10,000 October 1 , 1932,
76 to lo0 25,000 October 1, 1933, kh
, 141 to 125 25,000 October 1, 1934
Said bonds and the coupons annexed thereto to be in
substantially the fallowing form:
United States of America,
State of Pennsylvania,
County of Washington,
load Improvement Bond.
x
KNOW AIM MEN BY THESE PRESENTS, That the County of
Washington, in the State of Pennsylvania, for value received,
acknowledges itself to be indebted and promises to pay the
bearer, the step of One Thousand Dollars ($1,000) , in lawful
money of the United States of America, on the first days of
April and October 19--- , with interest thereon at the rate of
four per cent (4 per annum, payable semi-annually on the a
'E first days of April and October in each year, both principal
and interest being payable, free of any taxes required to be
aid or which may be hereafter required to be paid under any
aw of the Commonwealth of Pennsylvania; said county hereby
xpressly agreeing and assuming to pay the same; the prinoi-
al thereof being payable at the -.ffice of County Treasurer
n the Borough of Washington, Washington County, Pennsylvania,
nd the interest at the same place, upon presentation and
urrender of the coupons annexed as they severally become #4e.
This bond may be registered as to principal only upon
he bond registry book to be kept at the office of the County
ommissioners of Washington County, and by endorsement upon
he back hereof by the Clerk for the time being for the County
osmmissioners, after which no tranef'e r;c; Ifirtbond
shall be
a e d except by the registered holder�; n p+� rF, or by their
my authorized attorney, and such transfer shall be noted
pon the band registry book kept at the office of the Commi-
sion+trs of Washington County, and upon the back hereof, pro-
, ided however that Ikhis bond may be transferred to bearer,
nd negotiability thereby restored, and shall continue suj-
eat to the registrations or transfers to bearer at the option
f the holder or holders for the time being, but no regiatra-
ion of principal shall affect the negotiability of the cou-
one hereto annexed which shall continue to be transferable
y delivery only.
This bond may also be registered both as to princi-
al and interest, in which event the coupons hereunto attach- xr
d shall be detached and immediately canceled by the Clerk for
he time being for the County Commissioners of Washington
ounty, and such registration shall be noted upon the bond
egistr , book kept at the office of the County Commissioners
s aforaid, and upon the back hereof, and thereafter the
emi-annual interest shell be paid to the holder or holders
ereof by check or warrant drawn to the order of the register-
d hold4jr or holders hereof, and mailed to his, her or their
ddress, as the sa^ e appears of record upon said bond registry
ook.
This bond is one of a series of one hundred and twenty
ive (125) bonds, of like date, tenor and effect, amounting in
he aggregate to One Hundred Twenty five Thousand Dollars
12 ,000) , issued for the purpose of providing for the cost
f improvement ofcertain public roads, pursuant to the author-
ity conferred by the Act approved May llt►r-,""11911, P. L. 244
Y4
and the Act approved April 20, 18740 P . L. and Act* amend-
atory thereof and supplemental thereto, and by virtue of a Be"
solution of the County Commissioners of tkis county, adopted
at a meeting thereof duly called and hold.
It is hereby certified and recited #bat all acts, con-
ditions and things necessary to the validity of this bond ex-
ist, have happenied and have been done; that every requirement
of law effecting the validity thereof has been duly complied wit
that this bond is within every t and other limit prescribed
by the Constitution and laws of this state, and that prior to the
issuance thereof an annual tax has been levied in a sum sufficis t
to pay the principal and interest of this series of bonds. The
faith, credit and property of the said County of Washington are
hereby irrevocably pledged to the punctual payment of the prin-
cipal and interest of this bond in accordance with its terms.
IN WINESS '�0 The County Commissioners of the
County of Washington have duly caused this bond to be issued and
exeeuted by them in the name of the said county, and the cor-
porate seal of the said county to be hereunto affixed, attesUd
by the Commissioners' Clark and countersigned by the County
Controller; and the coupons hereto annexed to be excuted by the
fae--simile signatures of the said County Commissioners as bribe
second day of April, 1917,
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County Commissioners.
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Commissioners' Clerk.
COMEOL-I I,L,E:
I
County Controller.
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COUPON:
No. $20.00
The County of Washington will pay
to bearer Twenty Dollars, free of any
tax, on the first day of
19 at the office of the C071; y
Trews eer, Washington, Pennsylvania,
being six months' interest that day
G due on its Road Improvement Bond No.
i dated April 2, 1917.
County Commissioners.
ZM-S GIf2. A
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Bate of name of ; Clerk of
Registration Registered Owner ; County Commissioners.
A�
MOM
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That an annual tax, beginning
with Me- ar 1 , e and the same is hereby levied and assess-
ed upon the proper eubjects of taxation within & d county, to
be applied solely to the ym
a ent of the principal al of said bonds
P
at maturity and the interest and state taxes thereon as the
sgme shall be come payable, to be collected as follows:
I
In The Year 1918. 8*750
" a " 1920 6,000
1921 6,000
1922 6,Oat?
1923 6,000
1924 6,000
" * 1925 6.890 µ
1926 15.obo
1927 14,620
1928 14,180
1929 13,740
e " "
1930 13,300
1931 12,860
1932 12,420
1933 2b , 5
b o
" " " 1934 25, 550
BE IT FURTHER 0 that before any of said bonds
shall 0 issued, a statement shal execited and
filed in the office of the Clerk 0f14U*PeWrdseions of Wash-
in4:ton County, as required by the second Section of the afore.
**it Act of Assembly, approved April 20, 1874, and the Acts
amendatory thereof and supplemental thereto.
That the said One Hundred Twenty five Thousand Dollars
of bonds, when duly prepared, signed and sealed in the form a
above not forth shall be delivered to M. U. Freeman and Com-
panyo Wchasers, thereof on payment of the purchase price
thereof, and the receipt of the Treasurer of the said County
shall be to the purchasers a full acquittance for the said
purchase price, and the said purchasers shall not be bound to
see to tY.e application of tWproceeds thereof.
March 23 , 1917.
red -by Mr. Watson, seconded by Mr. Hill that the mercan-
tile list for publication be given to The Washington Observer,
Donors, American and Roscoe Ledger.
Motion carried unanimously.
March 26, 1917.
In session Messrs Barnum and Hill and County Controller
T. J. Underwood*
'The following resolution was presented:
Resolved, that the County Controller, T. J. Underwood,
b,* and is hereby authorized to direct the Country Treosur-
erte, transfer the sum -pf Thirty Thousand ($30,000) Dollars
from the Road Improvement fund to the General fund, as a
loan from; the Road Improvement fund to the General fund,
and to 'return said loan of $30,000 to the Road Improve-
meat fund, from the General fund, as soon an sufficient
taxes for the year 1917 have been collected and paid into
said General fund.
Moved by Mr. Hill. seconded by Mr. Barnum the above
resolution be adopted.
Carried unanimously,
March 29, 1917.
-Reeloved that the action taken by this board on March
9th instructing the County Solicitor and Chief Clerk to proceed
with the necessary arrangements for a Special election an May
1st, be and the same ig hereby recinded. and the Solicitor and
Clerk are hereby instructed to discontinue further proceedings
for said election from this date.
Moved by Mr. Hill seconded by Mr. Barnum that the above
resolution be adopted.
Carried unanimously*