NOTICE TOWNSHIP OF LOWER YODER CAMBRIA COUNTY, PENNSYLVANIA NOTICE OF CONSIDERATION OF PROPOSED ORDINANCE At a special meeting of the Township of Lower Yoder on December 12, 2014 at 11:00 A.M. at the Township Municipal Bldg., 128 J Street, Johnstown, Pennsylvania 15906, the Township Supervisors will act on an Ordinance ( of which this notice is a summary ) (theÒOrdinanceÓ) which, among other things, authorizes the incurrence of non-electoral debt by the issuance of a General Obligation Note in the principal amount of $ 300,000.00 for the purpose of paying the costs of capital improvements in the Township, and to pay all costs and expenses of issuing the note; fixes the form and amount of the note ; provides for payment of debt service on the note and contains a pledge of the TownshipÕs full faith, credit and taxing power; awards the sale of the note to First Summit Bank; covenants to establish a sinking fund depository; authorizes the execution of all documents required by the Unit Debt Act; authorizes the execution and delivery of the note; and authorizes certain other matters in connection with the issuance of the note. A copy of the full text of the proposed ordinance may be examined at the Township Office, 128 J Street, Johnstown, PA 15906 between the hours of 10:00 A.M. and 4:00 P.M. Monday through Friday. Barbara A. Stephenson Secretary
↧