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Title:
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Bill 72 Special Committee Meeting, forwarded favorably
Authorizing and securing the issuance of one or more series of general obligation bonds, in the maximum aggregate principal amount of $134,040,000, pursuant to the Pennsylvania Local Government Unit Debt Act, to finance various capital projects of the city and to pay the costs of issuing the bonds; accepting a bond purchase agreement; setting forth the parameters, substantial form of and conditions for issuing the bonds; pledging the full faith, credit and taxing power of this city to secure the bonds; creating a sinking fund and appointing a paying agent and sinking fund depository; and authorizing related action.
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