Notice is given that the Council of the Borough of Royalton, Dauphin County, Pennsylvania (the “Borough”), will hold a public meeting on March 3, 2020, at 7 p.m. or in the alternative within not less than 3 days nor more than 30 days, as calculated from the date of publication of this Notice, in the Borough Building, 101 Northumberland Street, Royalton, Pennsylvania, for the purpose of consideration of and action upon an Ordinance (the “Ordinance”), a summary of which is set forth in the following caption, and such other general business as may properly come before such meeting:
“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.”.
The full 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. Amendments may be made to the Ordinance prior to adoption.
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