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HomeMy WebLinkAboutCOMM - Meeting Minutes - - 3-1-1920 - COMMISSIONER MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON. JAMES W WALKER, W. H ECKER, CommissioNERs No further business appearing, the Board adjourned. County Comativel-onere Office of the County Commissioners March let , 1920. Board of County Commissioners in regular session, all members present. JAnutes of previous meeting read and signed. The following Resolution of the Board of County Commissioners of the County of Washington, relative to the issue by ,the said county of One Hundred sixty ( 160) Road Improvement Bonds of the denomination of One Thousand 41000. 00) Dollars each, was presented: At a meeting of the Board of County Commissioners of the County of Washington in the State of Pennsylvania, duly called and hold at theoffice of said Board of COUnty Commissioners at the Court House of the said County of Washington,' in the Borough of Washington, Pennsylvania, on the let day of M&rch*, 1920, all of the member* of said Board., to wit,, T. $. Johnston* J. *W. Walker and W. H. Baker, being present, the following Resolution was, an inotibn duly made and seconded, unanimously adopted by, said-Board, to wit: MORHAS, By proc*edifige had in the Court of Quarter Sessions of Washington County,, Pa, , in accordance with the provisions of the Act of the Ger- cwtlAnsembly of the Commonwealth of Pennsylvania, approved on the llth day Of 31AYS' 1911 (Pamphlet Laws, page' 244) and the amendments thereof 0;W su"lements " thereto, the impiovemient , construction and maintenance under the said Act of divers sections of the main public roads- in said eouaWkae been -authorized and ordered and decreed to be done; and WHRFMAS, the County Commissioners of the said County 0 to proceed, during the year 192V, to build, improve,, repair and maintain a part of the roads, the improvement, construction and mainte- nance of which has been authorized and directed as aforesaid,, and in order to provide for the cost of the building,, improving, repairing and main- taining the same, it is necessary to borrow upon bonds to be issued by the said county the BUM Of On# Hundred Sixty Thousand 4160t004.00) Dollars, the fuipdo now In the treasury of the said county, and those to come in during the said year (from sources other than such borrowing j not being sufficient to defray such cost, 14 MINUTE BOCK K BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON, JAMES W WALKER, W H ECKER, COMMISSIONERS F i I II NOW THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS of the said County of Washington, that for the purpose of providing for the cost of the building, improving, repairing and maintaining the public roads and highways now constructed or to be constructed by Said county, so as aforesaid authorised and ordered and decreed to be done, i j the said county do borrow the sum of One Hundred Sixty Thousand ($160,000. ) f Dollars and increase its indebtedness by the issue of One Hundred Sixty finds in the denomination of One Thousand ($1000,00) Dollars each , to be numbered from one to one hundred sixty ( 1 to 160) both inclusive, to bear date s the first day of April, 1920, and to bear interest at the rate of four , and one-half (4j) per cent. per annuun from their date, payable semi- annually on the first days of April and October in each year; both princ:tw,1 u i and interest being payable, free of any taxes required to be paid or . j which may be hereafter required to be paid under any law of the Common- wealth of Pennsylvania, said county expressly agreeing and assuming to pay the same. t The principal od said bonds to mature- as follows: Bonds Numbered Aggregate Amount Date of .Maturity 1 to 5 $5000. 00 Oct. 1st, 1925 1 6 to 10 #5000. 00 Oct. let , 1926 11 to 20 $10,000. 00 Oct. lot, 1,92? , - 21 to 30 $10,000. 00 Oct,. let, 1928 31 to 40 $10,000. 00 Oct. 1st, 192% x 41 to 50 $10,000. 00 Oct, let , 190 , 51 to 6o $10,000. 00 Oct. let , 1931 4 61 to 70 $10,000. 00 Oct- let, 1932 71 to 80 $10,000. 00 Oct. let , 1933ia,, F 81 to 90 $10,000. 00 Oct. let, 1934 91 to 100 $10,000. 00 Oct. let , 1935 101 to 110 $10,000. 00 Oft. lot, 1936 , 1 i E 111 to 135 $25,000. 00 Oct. lot , 193 ; ;`�; v I f 136 to 160 4 $25,000. 00 Oct. tat , 1938 x � k Said bonds and the coupons annexed thereto to be in I following form: , F UNITED STATES OF AMERICA STATE OF PENNSYLVANIA COUNTY OF 'MASH IXGTON ROAD IIMPROVMMT BOND No. $1000. 00 16 i MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON, JAMES W WALKER, W H ECKER, COaaMI"10NERS Sam KNOW ALL M3N BY THIS$ PRESENTS, That the County of Washington, � in the State of Pennsylvania, for value received, acknowledges itself to be indebted and promises to pay to bearer, or if registered, to the � r j registered holder hereof, the sum of One Thousand Dollars (41000.00) I in lawful money of the United States of America, on the first day of October, 19 with interest thereon at the rate of four and one-half w 4 ( }) per cent. per annum, payable semi-annually on the first days of M. a Apkil and October 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; said county here expressly agreeing n o a h same• the principal, �' xP Y a6 8 and assuming t pay the p pal, � thereof tieing payable at the Office of the County Treasurer in the , BorouglA of Washington, Washington County, Pennsylvania, and the interest J at the same place, upon presentation and surrender of the coupons annexed, as they severally become due, j This bond may be registered as to principal only upoh the I bond registry book to be kept at the office of the County Commissioners of Washington County, and by endorsement upon the back hereof by the Clerk for the time being for the County Commissioners, after thich no � transfer' of this bond shall be made except by the registered holder ' or holders in pospon, or by their duly authorized attorney, and such r transfer shall be noted upon the bond registry book kept at the office of the Commissioners of Washington County, and upon the back hereof, provided, however, that this bond may be transferred to bearer, and negotiability thereby restored, and shall continue subject to registrations � or transfers to bearer, but no such registration of principal shall affect the negotiability of the coupons hereto annexed , which shall continue to be transferable by delivery ohly. This bond may also be registered both as to principal and interest , in which event the coupons hereunto attached shall be detached and immediately cancelled by the Clerk for the tine being for j the County Commissioners of Washington County, and such registration shall be noted upon the bond registry book kept at the office of the County Commissioner* aforesaid, and upon the back hereof, and thereafter the semi-annual interest shall be paid to the holder or holders hereof by check or warrant drawn to the order of the registered holder or holders hereof, and mailed to his , her or their address, as the same i appears of record upon said bond registry book. This bond is one of a series of one hundred sixty (160) bonds, of lice date, tenor and effect , amounting in the aggregate to One Hundred Sixty Thousand Dollars (4160.000. 00). issued fcrr the purpose ? MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON, JAMES W WALKER, W H ECKER, COMMISSIONERS " of providing for the cost of the building, improving, repairing and main- taining certain public roads and highways now constructed or to be oon. structed by said county, pursuant- to the authority conferred by the Act of the General Assembly of the Commonwealth of Pennsylvania approved the llth day of May, 1911 (Pamphlet Laws, page 244) and the Adt of the I General Assembly of the Commonwealth of Pennsylvania approved the 20th day of April , 1874, (Pamphlet Laws , page 54) , and Acts amendatory C thereof and supplemental thereto, and by virtue of a Resolution of the County Commissioners of said county, adopted at a %sating thereof duly called and held. It is hereby certified and recited that all acts, conditions and things necessary to the validity of this bond, exist, have happened and have been done; that every requirement of law affeottj*g the validity hereof has been duly complied with; that this bond is with ills every debt and other limit prescribed by the constitution and laws of the, f State and that prior to the issuance thereof an annual tax has been l levied in a suns sufficient to pay the principal.,a%nd interest of this series of bonds. The faith, credit and property of said oounty of Washington are hereby irrevocably pled#ed to the punctual payment of the principal and interest of this bond in accordance with ite: terms. IN WITNESS IMR30F, The County Commissioners of the County of Washington have duly caused this bond to be issued and executd by them in the name of the said county, and the corporate seal of the said county to be hereunto affixed, attested by the Commissioners' Clerk and counter-oigned by the County Controller; and the coupons hereto I � annexed to be executed by the fac-simile signatures of the said County, Commissioners as of the first day of April, 1920. I a, County CommaissiAners ATTEST: Commissioners' Cer I Counter-signed j County Controller FORS[ OF COUPON No. i -- 422.50 The County of Washington will T Fay to bearer Twenty-two , and 501100 Dollars, free of any tax imposed under any law of the Common* wealth of Pennsylvania, on the first day� of lg-----' at I i 17-1 MINUTE BOOK E30ARD OR COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON, JAMES W.WALKER, W H ECKER, COMMISSIONERS � I as ` J the ,pffice of the County Treasurer, Waahington, Bonnsylv"ia, being six months' interest that day due on its Read Improv*WMt Bond 3 No. �, dated April 1 , 1920. j , FORM OF MISTRATIOM Date of Name of Clerk of Registration Registered Owner County Co>meissioners 1 4 B3 IT FURTHER RNSOLVBD, That an annual tax, beginning with the year 1921, 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 tsar is sufficient for the payment of the interest and State taxes thereon and of theprincipal of said debt within a period not exceeding thirty years, tcP wit , within nineteen years from the date � of increasing said debt) , to be colleoted as follows: In theyear 1921 *12t760. 00 I • « « « 1922 $ 8,840. oo « « 1923 $ 8,840. 00 " « « 1924 # 8,84o.oo « « 1925 #,840.00 E « 1926 12,595.00 i « " 1927 17,350. 00 � r « " 1928 41 16,86 o. oo 4 I _ ► " " 1929 S 16,370.00 " 1930 15,88 0. 00 1931 # 15 ,390.00 ' �932 140900.,00 1933 14,410.00 « « « 1934 13:920:. 00 « 1935 # i3.430. 00 « « « 1936 120940.00 « « 1937 # 27,450. 00 i ,� « 1938 26,225.00 '� 4� 0K� -- '