Classifieds
PENNSYLVANIA'S #1 WEEKLY NEWSPAPER • locally owned since 1854

PUBLIC NOTICE

101 Northumberland St.
Middletown, PA 17057
View larger map

PUBLIC NOTICE

NOTICE

Notice is given that the Council of the Borough of Royalton, Dauphin County, Pennsylvania (the “Borough”), at a public meeting duly held on March 3, 2020, finally adopted an Ordinance (the “Ordinance”), a summary of which is set forth in the following caption:

“AN ORDINANCE OF THE COUNCIL OF THE BOROUGH OF ROYALTON

          AUTHORIZING AND DIRECTING ISSUANCE OF A

          GENERAL OBLIGATION BOND OF THIS BOROUGH,

          IN THE PRINCIPAL AMOUNT OF $175,100, FOR THE

          PURPOSE OF PAYING THE COSTS OF A CAPITAL

          PROJECT: DETERMINING THAT SAID BOND SHALL

          BE SOLD AT NEGOTIATED SALE; ACCEPTING A

          PROPOSAL FOR PURCHASE OF SAID BOND; FIXING

          THE SUBSTANTIAL FORM AND TAX FREE

          PROVISIONS OF SAID BOND; PROVIDING

          COVENANTS RELATED TO DEBT SERVICE

          APPLICABLE TO SAID BOND AND PLEDGING THE

          FULL FAITH, CREDIT AND TAXING POWER OF THIS

          BOROUGH IN SUPPORT THEREOF; CREATING A

          SINKING FUND IN CONNECTION WITH SAID BOND

          AND APPOINTING A SINKING FUND DEPOSITORY;

          SETTING FORTH CERTAIN COVENANTS RELATING

          TO THE NON ARBITRAGE STATUS OF SAID BOND;

          DESIGNATING SAID BOND AS A QUALIFIED TAXEXEMPT

          OBLIGATION UNDER THE INTERNAL

          REVENUE CODE OF 1986, AS AMENDED; AND

          PROVIDING WHEN THIS ORDINANCE SHALL

          BECOME EFFECTIVE.”.

Notice also is given that: (1) no amendments were made to the Ordinance prior to enactment; (2) the price bid for the Bond was $175,100; (3) the maximum interest rate named in the successful proposal is 5.25% per annum; and (4) the final text of the Ordinance may be examined or inspected by any citizen in the office of the Secretary of the Borough in the Borough Building, 101 Northumberland Street, Royalton, Pennsylvania, on any regular business day between the hours of 9:00 a.m. and 3:00 p.m.

This Notice is given in accordance with requirements of and in compliance with Section 8003 of the Local Government Unit Debt Act.

 BOROUGH OF ROYALTON,

Dauphin County, Pennsylvania

#167 0325-1T

www.publicnoticepa.com

Posted 3/26/2020