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Title:
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Bill 52
AUTHORIZING AND SECURING THE ISSUANCE OF ONE OR MORE SERIES OF GENERAL OBLIGATION NOTES, IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $19,200,000, PURSUANT TO THE PENNSYLVANIA LOCAL GOVERNMENT UNIT DEBT ACT, TO (A) CURRENTLY REFUND ALL OR A PORTION OF THIS CITY’S (1) GENERAL OBLIGATION BONDS, SERIES A OF 2015, (2) GENERAL OBLIGATION BONDS, SERIES B OF 2015, (3) GENERAL OBLIGATION BONDS, SERIES OF 2017, AND (4) GENERAL OBLIGATION NOTE, SERIES OF 2009, (B) FINANCE AND/OR REIMBURSE THE COSTS OF VARIOUS CAPITAL PROJECTS, AND (C) PAY CAPITALIZED INTEREST, AND (D) PAY THE COSTS OF ISSUING THE NOTES; ACCEPTING A NOTE PURCHASE AGREEMENT; SETTING FORTH THE PARAMETERS, SUBSTANTIAL FORM OF AND CONDITIONS FOR ISSUING THE NOTES; PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER OF THIS CITY TO SECURE THE NOTES; CREATING A SINKING FUND AND APPOINTING A PAYING AGENT AND SINKING FUND DEPOSITORY; AUTHORIZING THE REDEMPTION OF THE REFUNDED OBLIGATIONS; AND AUTHORIZING RELATED ACTION.
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