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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-75, or by other such name(s) as designated by the County, in an aggregate principal amount not to exceed $309,500,000 (the “C-75 Bonds”) and (ii) one or more series of General Obligation Bonds, Series C-76, or by such other name(s) as designated by the County, in an aggregate principal amount not to exceed $115,000,000 (the “C-76 Bonds” and collectively with the C-75 Bonds, the “Bonds”).
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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: (i) its C-75 Bonds in the aggregate principal amount not to exceed $309,500,000 for the refunding of all or a portion of the County’s General Obligation Bonds, Series C-60, C-61, C-62, C-65, C-67 and C-68 (collectively, the “Refunded Bonds” and (ii) its C-76 Bonds in the aggregate principal amount not to exceed $115,000,000 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 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; (11) appropriating the proceeds of the Bonds; (12) ratifying prior advertisement and directing further advert...
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