North East Township Considers Action on Ordinance to Issue $75,000 Note

Legal notice is hereby given that on May 19, 2017, at 9:00 A.M. at the North East Township Building, 10300 West Main Road, North East, Pennsylvania, the Board of Supervisors will act on an Ordinance (of which this is a summary), authorizing the issuance of and awarding of its Seventy Five Thousand ($75,000) Dollar, principal amount General Obligation Note, at a private sale. If enacted, the Ordinance will award the Note to the purchaser thereof, approve the form of the Note, fix the rate of interest to be paid, pledge the full faith and credit of the local government unit for the payment thereof, create a sinking fund and authorize the proper officers to take the necessary steps to issue the Note.

The funds to be obtained from the borrowing will be used for the following purpose: purchase and install a generator at the Route 89 pump station.

A copy of the full text of the Ordinance may be examined by any citizen in the office of the Secretary of North East Township at 10300 West Main Road, North East, Pennsylvania 16428, on any business day (except Saturdays and Sundays) between the hours of 9:00 A.M. and 4:30 P.M., prevailing time.

Karen Ahlgrim
Secretary

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