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An Ordinance of the County of Allegheny, Pennsylvania, authorizing the incurrence of nonelectoral debt by the issuance of: (1) one or more series of General Obligation Refunding Notes, Series C-59, in an aggregate principal amount not to exceed $77,430,000 (“C-59 Notes”) and (2) one or more series of General Obligation Notes, Series C-60 in an aggregate principal amount not to exceed $63,875,000 (“C-60 Notes”, along with C-59 Notes are collectively, the “Notes”).
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An Ordinance of the County of Allegheny, Pennsylvania (the “County”) (1) authorizing the incurrence of nonelectoral debt by the issuance of: (a) one or more series of C-59 Notes in an aggregate principal amount not to exceed $77,430,000 for the purposes of providing funds to refund certain bonds previously issued by the County or the Allegheny County Industrial Development Authority, and (b) one or more series of C-60 Notes in an aggregate principal amount not to exceed $63,875,000 for the purpose of providing funds of various capital projects approved in the Allegheny County Capital Budget; (2) finding a private sale by negotiation to be in the best interest of the County; (3) approving a maximum interest rate and maximum maturity date for the notes; (4) authorizing certain officials to accept a proposal for the purchase of the notes; (5) appointing a paying agent, registrar, sinking fund depository and escrow agent or agents; (6) adopting the forms of notes; (7) covenanting to pay debt service; (8) pledging the full faith, credit and taxing power for the payment of the notes; (9) establishing sinking funds and one or more escrow funds; (10) appropriating the proceeds of the notes; (11) ratifying prior advertisement and directing further advertisement; (12) appointing various professionals; (13) authorizing the preparation, certification and filing of an application and debt statement with the Department of Community and Economic Development; (14) authorizing approval of the preliminary o...
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