South Pittsburgh Reporter - Serving South Pittsburgh Since 1939

Notice of General Obligation Note

 

October 2, 2007



NOTICE

NOTICE IS HEREBY GIVEN THAT ON SEPTEMBER 17, 2007, AT BOROUGH COUNCIL CHAMBERS, 150 Brownsville ROAD, PENNSYLVANIA, THE OFFICERS OF THE BOROUGH OF MT. Oliver, Allegheny County, PENNSYLVANIA, ENACTED AN ORDINANCE AUTHORIZING THE ISSUANCE OF $170,000.00 PRINCIPAL AMOUNT OF THE GENERAL OBLIGATION NOTE, AND THE PRIVATE SALE THEREOF TO NORTHWEST SAVINGS BANK, LENDER, AT PAR, BEARING INTEREST AT THE RATE OF 5.30% PER ANNUM. THE NOTE IS A GENERAL OBLIGATION OF THE LOCAL GOVERNMENT UNIT AND ITS OFFICERS ARE DIRECTED TO DO ALL ACTS NECESSARY AND PROPER FOR THE ISSUANCE AND SECURING OF SAID NOTE. NO AMENDMENTS WERE MADE DURING THE FINAL PASSAGE OF THIS ORDINANCE.

A COPY OF THE FULL TEXT OF THE ORDINANCE AS ENACTED MAY BE EXAMINED BY ANY CITIZEN IN THE OFFICE OF THE SECRETARY OF THE LOCAL GOVERNMENT UNIT AT BOROUGH OF MT. Oliver, 150 Brownsville ROAD, MT. Oliver, PENNSYLVANIA 15210, ON ANY BUSINESS DAY (EXCEPT SATURDAYS AND SUNDAYS) BETWEEN THE HOURS OF 8:00 A.M. AND 3:45 P.M., PREVAILING TIME.

JOANNE M. MALLOY

BOROUGH SECRETARY

 

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