BOROUGH OF MT. OLIVER PROPOSED ORDINANCE 907
THE FOLLOWING PROPOSED ORDINANCE WILL BE CONSIDERED FOR ADOPTION AT THE REGULAR COUNCIL MEETING OF THE MT. Oliver COUNCIL ON MONDAY,
MAY 19, 2008
BOROUGH OF MT. OLIVER
PROPOSED ORDINANCE 907
AN ORDINANCE OF THE BOROUGH OF MT. Oliver, COUNTY OF ALLEGHENY, COMMONWEALTH OF PENNSYLVANIA, INCREASING THE INDEBTEDNESS OF THE BOROUGH OF MT. Oliver, Allegheny County, PENNSYLVANIA BY THE ISSUE OF A GUARANTEED REVENUE NOTE IN THE AMOUNT OF $763,500.00 FOR SUNDRY PURPOSES; FIXING THE FORM, NUMBER, DATE, INTEREST AND MATURITY THEREOF; MAKING A COVENANT FOR THE PAYMENT OF THE DEBT SERVICE ON THE NOTE; PROVIDING FOR THE FILING OF THE REQUIRED DOCUMENT; PROVIDING FOR THE APPOINTMENT OF A SINKING FUND DEPOSITORY FOR THE NOTE; AND AUTHORIZING EXECUTION, SALE AND DELIVERY THEREOF.
JOANNE M. MALLOY
BOROUGH SECRETARY