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HomeMy WebLinkAboutCOMM - Meeting Minutes - - 4-26-1922 - COMMISSIONER MINUTE BOOK BOARD OF COUNTY COMMISSIONERS `J'VASHINGTON COUNTY, PENNSYL.VANIA J ELMER JOHNSTON JAMES W WALKER, W H ECKER, COMMISSIONEIS ' i Office of County Commissioners, Washington, Pa., April 26, 1922. Commissioners in regular session, members present being Messrs: Walker, Johnston and Ecker.. The following Resolution was presented, duly seconded and unani- mously adopted: WHEREAS, the County Commissioners of Washington County, Pennsyl- vania, did on the 17th day of April, 1922, duly adopt a certain form of bond h , and interest coupon to be issued by the said County as evidence of indebted- ness in the matter of the proposed issue of $500,000 - 4* per cent Road Bonds, Series A, 1922, and WHEREAS the Registration Clause in said bond form as then adopted read as follows!: "This bond' shall ,pass by delivery or may be registered as to principal only upon the bond registry book of the County of Washington, to be kept at the office of the- Treasurer of said County of Washington, at Washington, Pa. , and upon the back hereof by said Treasurer, after i which no transfer shall be made except by the registered holder or holders in, person or by his or their duly authorized attorney, and such transfer shall be noted upon said bond registry book and upon the back hereof, ,provided, however, that this bond- may be transferred to bearer and negotiability thereby restored,: and shall. eontinue subject to successive regis'trations. or transfers to bearer, at the option of -the holder or holders for the time being, but no such registration of 'the principal shall affect the negotiability of the coupons hereto annexed, which shall continue to be transferable by delivery merely." And, WHEREAS, it appears that the mode of registration therein � set forth does, not conform to the system heretofore and at present in vogue; in said Washington County in that registration of bonds has been and is now under the supervision of the Clerk to the County Commissioners and not under the supervision of the County Treasurer as set forth in said form. Now, BE IT RESOLVED, that the bond form to be used in said proposed issue, of $500,000 - 4* per cent Road Bonds, Series A, 19220 be and the same is hereby changed and amended to read as follows: "This bond shall pass by- delivery or may be registered as to principal only upon the bond registry book of the County of Washington, to be kept at the office of the County Commissioners of said County of Washington, .at 'Vashington, •Pa. , and by endorsement upon the back hereof, . by the Clerk for the time being for the County Commissioners, after which no transfer shall be made except by the .registered holder or : holders in person or by his or their duly authorized attorney, and such transfer shall be noted upon said bond registry book and upon -the i back hereof, provided, however, that this bond may be transferred to bearer. and negotiability thereby restored, and shall- continue subject to successive registrations or transfers to bearer, at the option of the holder', or holders for the time being, but no such registration of the principal shall affect the negotiability of the coupons, hereto annexed-, 'which shhll -continue to be transferable by delivery merely.". and- in all other respects to stand as passed. Duly presented and unanimously adopted at a regular meeting of the Board of County Commissioners of Washington County,- Pennsylvania, held April 26, 19221 at which all members of the Board, to wit, Messrs. Walker, MINUTE BOOK BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA J ELMER JOHNSTON, JAMES W WALKER, W H ECKER, COMMISSIONERS Johnston and Ecker, were present. There being no further business, the Board adjourned. (SIGNED) • County Commissioners. " Office of County Commissioners, Washington, Pa.., May 1, 1922. Commissioners in regular session; ' members present, Messrs. Walker, Johnston and Ecker. At 11:10 A.M. joint meeting of Commissioners and County Con- troller to open bids for the purchase of $500,000.00 Road Improvement Bonds, Series A 1922, as per advertisement duly inserted by County Con- troller; present for County Commissioners, Messrs. Walker, Johnston and Ecker, for Controller's Office, T. J. Underwood, County Controller. In the presence of the County Commissioners bids were presented from the following:- Elkins, Morris & Co . $100.00, acortd int. and $23, 861.50 Prom. Guaranty Co. of N. Y. 105.27 n If " 25,135.00 " Gordon & Co . , Pgh. 100.00 " If If 20,192.50 to M. M. Freeman & Co . 103.7268 If n n 18,630.00 If Mellon Nat'l Bank 100.00 n If n 21, 000.00 If Redmond & Co. , Pgh. 100.00 n " " 14, 559.50 If J. H. Holmes & Co . , Pgh. 100.00 n " " 21, 018.00 If Glover & McGregor, Pgh. 100.00 " " If 20,351.00 " 'Union Trust Co. Brown Bros. & Co . 100.00 If n n 22,800.0o If Reilly, Brook & Co . 100.00 If " n 19,186.50 n Harris-, Fortes & Co . 103.824 to If " 190120.00 If Washington Trust Co . 100.00 If " " 23,8o5•oo n - - (plus Ptg. Bonds) All_bids accompanied by certified check in the sum of $10,.000.009 as required. Motion by Mr. Ecker, seconded by Mr. Johnston, that the bonds be awarded to the highest bidder, to wit, The Guaranty Company of New York, at its bid of par, accrued interest and premium of $25,135.00, and that certified checks accompanying proposals of unsuccessful bidders be returned. Motion unanimously - carr-fed.