Appendix B
Bond Issues and Loans

Ord./Res.

Date

Subject

Ord. 149

6/26/1933

Increasing in bonded indebtedness for Market Street Improvements

Ord. 164.5

7/3/1939

Increase in bonded indebtedness for the Borough Sewer System.

Ord. 350

10/2/1967

Signifying the desire of the Council of the Borough, Snyder County, Pennsylvania, to make an increase of the debt of said Borough in the $225,000 for the purpose of providing funds

for renovation and equipment and establishment of former school building at West Pine and North High Streets on land now owned by the Borough as a Selinsgrove Community Building and calling an election for the purpose of obtaining the assent of the elector to said increase of debt.

Ord. 364

10/6/1969

Authorizing and directing the issuance of general obligation bonds of the Borough, Snyder County, Pennsylvania, in the maximum amount of $220,000 for the purpose of providing funds for and toward the erection and equipment of a Selinsgrove

Municipal building on lands now owned by the Borough.

Ord. 433

10/4/1976

Authorizing a borrowing of up to $60,000 for the purpose of funding a drainage ditch construction and reconstruction project from Orange Street to Broad Street; establishing the form of the general obligation note to be issued to the lender; approving and accepting a proposal of Snyder County Trust Company to purchase the note: authorizing and directing certain officials to execute and deliver said note; to cause to be made the filing required by law; and , to take such other actions as may be necessary or desirable.

Ord. 436

12/30/1976

Authorized a borrowing of up to $60,000 for the purpose of funding a drainage ditch construction and reconstruction project from Orange Street to Broad Street, by adding a covenant to pay the general obligation, stating the useful life of the project, creating sinking fund and naming of a sinking fund depository, and authorizing certain officials to execute documents .

Ord. 468

3/5/1979

Authorizing and directing the issuance of general obligation bonds of the Borough for purpose of providing funds for and toward the erection and equipment of the Selinsgrove Municipal Building.

Res. 1981-10

8/3/1981

Resolving that the Borough of Selinsgrove under the signature of two officials of the Borough (Council President Secretary or Treasurer) is authorized to borrow from Snyder County Trust Company on the Borough’s line of credit in the amount of $325,000 for the period August 1, 1981 until December 31, 1982, solely for the purpose of paying construction estimates on the 18th Street Project.

Ord. 554

10/28/1985

Approving a refunding program consisting of the refinancing by the Selinsgrove Municipal Authority of all of its outstanding Guaranteed Water Revenue Bonds, Series of 1982.

Res. 1993-1B

1/4/1993

Accepting the lowest bids for the construction of a water well house and other water improvements and anticipates resurfacing several streets in Selinsgrove Borough at a total cost of approximately $700,000.

Ord. 627

3/1/1993

Authorizing the issuance of a nonelectoral general obligation note for the purposes of constructing a water well house and other improvements and resurfacing Borough streets for the Borough.

Res. 1993-3

3/1/1993

Accepting the offer of Snyder County Trust Company to purchase its nonelectoral general obligation note upon the conditions that the Pennsylvania Department of Community Affairs approves the issuance of such note and that Selinsgrove Borough fully complies with the terms of Selinsgrove Borough Ord. 627 and the provisions of the Pennsylvania Local Government Unit Debt Act (53 P.S. §6780-1 et seq.).

Res. 1993-6B

8/2/1993

Authorizing Selinsgrove Borough to borrow the aggregate amount of $700,000, of which $500,000 is for resurfacing and improving Borough streets and $200,000 is for a water project, by selling two nonelectoral general obligation notes at a private negotiated sale.

Ord. 632

8/16/1993

Authorizing the issuance of nonelectoral general obligation notes for the purposes of constructing a water well house and other improvements and resurfacing and improving Borough streets for the Borough.

Res. 1993-7B

11/1/1993

Authorizing Selinsgrove Borough to borrow the aggregate amount of $700,000, of which $500,000 is for resurfacing and improving Borough streets and $200,000 is for a water project, by selling two nonelectoral general obligation notes at a private negotiated sale.

Ord. 791

4/4/2011

Authorizing the issuance of a nonelectoral general obligation note for the purposes of remodeling portions of and constructing an addition to the Borough community building.

Res. 2011-03A

4/4/2011

Accepting the offer of the Juniata Valley Bank to purchase its nonelectoral general obligation note upon the conditions that the Pennsylvania Department and Economic Development approves the issuance of such note.

Ord. 814

3/3/2014

Authorizing the issuance of a nonelectoral general obligation note for the purpose of obtaining permanent refinancing of the interim construction loan for the remodeling portions of and constructing an addition to the Borough Community Building.

Res. 2014-05

3/3/2014

Authorizing the issuance of a nonelectoral general obligation note in an amount not to exceed $3,500,000 for ale at an invited sale or at a negotiated private sale with the local banks or trust companies.

Res. 2014-06

3/3/2014

Undertaking a comprehensive review of the bids in order to select the most economical one to pay off the balance of the outstanding interim construction genera obligation note.

Res. 2014-07

3/3/2014

Issuing its nonelectoral general obligation note to the Juniata Valley Bank.