HomeMy WebLinkAboutCOMM - Meeting Minutes - - 4-16-1919 - COMMISSIONER APRIL 16,- 1919
RMO T'PION In RIB ROAD I NPROVEMSNT 'BONDS S3RIZ5 1919.
Resolution of the Board of County Commissioners of the County
of Washington, reltttve to the issue by the said County of
One Hundred Twenty five Road Improvement Bands of the denomi-
nation 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 Cosa»
missiontrs at the Court House of the said County of ington
In the Borough of Washington, Pennsylvania, on the 14th day
of April, 1919, all of the members of said ,Dpard, tor wit,
:OHN Q. WATSON, A. P. BAFd= AND THOMAA HILL, being present,,
Us following Resolution was on motion duly !tads and seconded,
amanimously adopted by said ioard, t6 wit:
WHEREAS , By proceedings had in the CoUot of quarter
Sessions of aW3 gton County, in aocordanae with the Act of
May 11th, 1911 , P.L. 244, the improvement under the said Act
of divers sections of thi mail publics roads in said county
has been authorised and ordered and decreed to be dome; and,
Y'
WHEREAS , The County Congaissionors, of the sold
County propose to proceed, during the year 1919, to construct
a part of the improved roads , the improvement and coamtziwti.on =i
of V&ich has been authorised and directed as aforosaid,an:d
in order to provide for the cost, of constructing the* s , i -
1s, necossary to borrow upon bonds to be issued by the said
county the sum of One Hundred Twenty f1we Thotasand, i?allars
($125,,000), and f1mdsh now in the treasury of said county and.
those to come into it during the said year ( from souroos
I other than such borrowing) not being sufficient to defray x4
such cost.
' RNPORE El IT, _ 2'the Boa4d Of County
Commissioners o e Said aun or Tanhington# Owt f!►r the
purpose of paying for the colt of the road iatprovomentoo to
as aforesaid authorlgbd, and to be constructed by said Bounty
as a posaidt the said county dot barrow the sum of On! Rividrod
Two dive Thousand Dollars ($125,fl0fl) and increase its too
dobtedates by the issue of One Hundred Twenty five Banda :.
the denomination of One Thousand Dollars (0100 ) each, to, ti
nisiftored from one to one hundred and twenty five { 1 'to )
bolt aolusive, to bear date the first day of April 1919 • and
to 'bekr interest at the rate of four and °one-half per dent � �=
per annum from their date, payable semi-annually on the first
days of April and October in each year, both principal and
interewt being payable, free of any takes required to be paid
or which may be hereafter required to be paid under any law
of the Commonwealth of Pennsylvania, said county expressly
°a and assuming to pay the same. The principal of said
,bture as, follows:
M,�Q'i
ON AGGRgGATE' AMOUNT DATE OF RATORIM
1 to 5 50000 October ,1927
6 to 15 10,000 October
YR
16 to 2 10,000 October l a 19 "i
26 to 35 10,000 October 1 , 1930, ,
36 to 45 100000 October 1, 1931
46 to 55 10,000 October 1, 1932
56 to A5 109000 October 1, 1933
>' °''
I
. ',
f I
s
e
i
tkt.
{4f�
f
It
F
' \
1
r
f
_ �'" I
f
f a
l
f t
f I
e
I
f
I
� {
�i�p
t
[t
! � u�
f
I
i
1
i
Vw
i
'k 66 to715 100000 October 10 1934
76 to l00 25,000 October 1; 1935
101 to 125 25,00e October 1, 1936
Said bonds and the Coupons annexed thereto to be
~�
i
In substantially the following term:
United States of America,
State of Pennsylvania,
i
County of Washington,
Road Improvement Bond.
N0. *10000v
KNOW ALL NN BY THESE P , That the County
of-Ift-Ahington,, in the State of Pennsylvania, for value received,
f acknowledges itself to be indebted and promises to pay the
bearer, or if registered, to the registered holder hereof, the
sum of. tfte Thousand Dollars ($1000) ,. in lawful money of the
United ,States of America, on the first of October, 19 ,
with interest thereon at the rate of tour and one-haif"p'er
cent (4*)' per annum, payable semi-annually on the first days
of, April and October in each year, both principal and interest
k being payable, tree of any taxes required to be paid or. which
May be hereafter required to be paid under any law of the
000sonvealth of Pennsylvania, said county hereby expressly
Being and assuming to pay the same; the princdpal thereof
boingRpayable at the office of the County Treasurer Vp the
- BoftUgh of Washington, Washington County, Pennsylvania, and
the interest- atthe same place , upon presentation and surrender
of the coupons annexedas they severally become due.
This bond- may be registered as to principal only
U#oa the bond registry book to be kept at the office of the
County Commissioners of Washington County, and by endorsement
upow the back hereof by the. Clerk for thetime being for the
County Co sari oners, after which no transfer of this bond §'
P F
1 bee made except by the registered holder or holders is
j on;, or by their duly authorized attorney, and such transfer
1 be noted upon the bond registry book kept at the office
of the Commissioners of Panhington County, and upon the back
heresy* providdd-hvwever that this bond may be transferred to
' bearer, and negotiability thereby restored,.-and shall contim*
subjeat". to the registrations or transfers to bearer-at the
option of the holder or holders for the time being. but no
registration of principal shall affect the negotiability of
the coupons hereto annexed, ,which shall continue tee _be trans-
ferable by- delivery only. -
This bond may also be registered _both_"" to Vrinci-
pal and interest , in which event the coupon* herovato atta+shed
! shall be detached and immediately cancelled bythe Clark for
the time being for the County Commissioners of Washington { "
Nfttyp and such registration shall be noted upon the bond
registry book kept at the office -of the Gounty C
9mi ssioners
as aforesaid, and up.*n the back hereof, and thefeafter the
sold-annual interest shall be paid to the holder or holders
hereof by check or warrant drawn to then order of registered
holder or holders hereof, and mailed to his, her or their
address, as the same appears of record upon sb d bond registry
book. '
____ .�
k � - -
i
� �
I
. � , . I
.,
f .,
G
k
i ,
P
' r 1 '
i
1
' {I
� �
}
II q
t a
n� �
� ' I
` t
(C , • '
f
` i
1
r • �
f
j
y
• ,
t
f
f
` �
i I
i i
k ,
a _ >
I
%i r Thhis rVond is one of a series of one hundred and
two . _five (1 '} 'bonds, of like date, tenor offsets ,
a ft- in the aggregate to One Hundred T my" five Thousand
Z0134ft .,00} issued for the purpose of provi4ing for
bra + tndf irovement of certain public roads; pursuant to
Vier authority conferred by the .Act 'approved Nay llth", 1911
P.L. 244, and the Act approved April 20th, 1874, P*.L., 65 , and
Rots, ndatory thereof and supplemental thereto, -and by
virtu"* 'of a Resolution of the County Commissioners of this
cou>ktyj�, adopted at a meeting thereof duly called and held.
It is hereby certified and roc#tsd that- all sates
oonOti+cn►s and things necessary to the validity of this bond
exist, have happened and have been done; that every requirement
of U* 'footing the validity thereof has been duly ooa VV*4
With; that this bond is within every debt and other limit
prescribed by the Constitution and lama of this state, and
i that prior to the issuance thereof an annual tax has been levie
in a sum sufficient to pay the principal and 'interest of this
� aeries of bonds. The faith, credit and property of the said
County of Washington are hereby irrevocably p1e41jed to the
J�PwtUal.payment of the principal and interest of this bond in
acoo ire with It-a terms.
I g i �T3g ''he County asi re of
thg':ONUUty Of as ° ngton 'have duly caused this board to be
4setaed d executed by them in the name of the said ee ty '
anA, thi-corpoiate seal of the said county to be he to affix-
ed, attested by the Commissiouerst CleTk and osunt**S:LSA#d
by the County Controller; and the coupons hereto &= to bo
executed by the facsimile signatures of the said Counter
aai-gsionere as of the first day of April 1919.'
I
County commissioners
STNST
o es oners er
I
oun y vontroller
NO. $22.50
The County of Washington will
to bearer Twenty two, and 50,1100 Dollars, >5
free of any tax, on the first day of
19 at the office F4
o t e County Treasurer, iashington g
Pennsylvania, being six months' interest
that day due on its Road Improvement Bond
No. , dated April 19• 1919.
,.� _
` -'
E4
j
� � r � 1�
. _ t
C '
� �
� � ,y 1
l
G � I
i
�� N
!t � ~ �
�;
t ii
I
i
� r
�, t_
� i
f
�I
I
i
{I
I 1
f
i
i
r
u
I
County tommissioners
3�t3t pprirM..rrrr REGISTRATION:
w�r�lrrAr�rrrr.+rrri
Data of : Name of Clerk of
Registration Registered Owner : County Covaissionors
BR ..T E R RRSOL= , That an annual- tax, be-
ginning ' with rrthr'eyea� "r 1920, be and the same is hereby levied
And assoxsed upon the proper subjects of taxation within said
wwa 4 to be supplied solely to the payment of the_ principal
ef_ said-wIbande-, at maturity and the interest and state taxes
thereon as the same shall become payable, to be **U*tted as
follows:
In the Year 1920
04 0
n « n 0
n n n 1922 6,680
to n a 1923 6,680
to to toI
to n n 1925 6,680
of to n 1926 6 ,680
n a n 192? 7, 2.50
of of n 192 150990
n to 1929 15 .390
to of 14 1930 140900
" " n 1931 149410
to to 111932 130920
to of to 1933 13 ,430
of of 11
• 1934 12,940
to of if 1936 26,225
4 n n to 5
AND BE IT FURTHER RSS0LVED, That before any of said
bonds Shall be iesusd, a statement shall be repared, executed
and filed in the office of the Clerk of the Court of Quarter
Sessigne of Washington County, as required by the Second Section
of the aforesaid Act of Assembly, approved April 20th, 18740
and the brats amendatory thereof andsupplemental thereto.
That the said One Hundred Twenty five Thousand Dol-
lars of 'bonds , when duly prepared, signed and sealed in the
form above set forth, shall be delivered -to Mellen National
Bank of Pittsburgh, purchasers thereof on payment of the pur-
chase price thereof, and the receipt of the Treasurer of the
said County shall be tothe purchasers a full acquittance for
the said purchase Vr*ce , and the said purchasers shall net bar
bound to sect to tie appliaktion of the proceeds thereof. .
R k
z s
� — --n —— .
E
�'
� '
k
��
i
c � 1
P 1
� �
I
ji
t
�� '
k -�
—.a
�I
i P
I
I
I `
I
E
r
� I
r
t �i
� !
I
1
I
f
I
I
4
£ �,
i
� .,, ___._.-,y. � ._ _�. _.m-