An Ordinance of the County of Allegheny, Pennsylvania, authorizing the incurrence of nonelectoral debt by the issuance of: (i) one or more series of General Obligation Refunding Bonds, Series C-73, or by other such name(s) as designated by the County, in an aggregate principal amount not to exceed $165,000,000 (the “C-73 Bonds”) and (ii) one or more series of General Obligation Bonds, Series C-74, or by such other name(s) as designated by the County, in an aggregate principal amount not to exceed $82,000,000 (the “C-74 Bonds” and collectively with the C-73 Bonds, the “Bonds”).
An Ordinance of the County of Allegheny, Pennsylvania (the “County”) (1) authorizing the incurrence of nonelectoral debt by the issuance of: (i) its C-73 Bonds in the aggregate principal amount not to exceed $165,000,000 for the current refunding of the County’s General Obligation Notes, Series C-57 (the “C-57 Notes”); and (ii) its C-74 Bonds in the aggregate principal amount not to exceed $82,000,000 for the purpose of providing funds for 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 maximum interest rates, maximum yields, maximum principal payment amounts and maximum annual debt service for the Bonds; (4) funding capitalized interest with respect to the Bonds, if deemed appropriate by the County; (5) authorizing certain officials to accept a proposal for the purchase of the Bonds; (6) appointing a paying agent, registrar, sinking fund depository and, if necessary, escrow agent or agents; (7) adopting a form of the Bonds; (8) covenanting to pay debt service; (9) pledging the full faith, credit and taxing power of the County for the payment of the Bonds; (10) establishing one or more sinking funds and, if necessary, one or more escrow funds; (11) appropriating the proceeds of the Bonds; (12) ratifying prior advertisement and directing further advertisement; (13) appoi...
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