RESOLUTION NO.  28-98

 

A RESOLUTION OF THE WEST MIFFLIN SANITARY SEWER MUNICIPAL AUTHORITY, ALLEGHENY COUNTY, COMMONWEALTH OF PENNSYLVANIA, AUTHORIZING A. H. WILLIAMS, INC.  TO SERVE AS UNDERWRITER ON A CONTEMPLATED FINANCING BY THE AUTHORITY FOR THE PURPOSE OF REFUNDING PRIOR DEBT AND BORROWING FUNDS FOR CAPITAL PROJECTS, APPOINTING PROFESSIONALS AND TO PROVIDING GENERAL AUTHORIZATIONS.

 

 

WHEREAS, the Authority is desirous of investigating possibility of issuing guaranteed revenue bonds for the purpose of refunding the Authority=s Series of 1996 Guaranteed Revenue Bonds, as well as issuing debt for capital projects, and

 

WHEREAS, the Authority wishes to retain the services of A. H. Williams, Inc. to serve as Underwriter on the contemplated issue.

 

NOW, THEREFORE, BE IT RESOLVED AND IT IS HEREBY RESOLVED as follows:

 

1.         The Authority hereby appoints A. H. Williams, Inc. as Underwriter on the contemplated issuance of Guaranteed Revenue Bonds Series of 1998 for the purpose of refunding the Series of 1996 Bonds and as well as to increase additional indebtedness for capital purposes.

 

2.         A. H. Williams, Inc. is hereby authorized to present a proposal to the Authority=s board at the appropriate time for the issuance and sale of Authority Guaranteed Revenue Bonds, Series of 1998 for the purpose of refunding the Series of 1996 issue and to include in said proposal, a recommendation with respect to additional capital borrowing.

 

3.         The Authority hereby appoints Ira Weiss, Esquire to serve as Bond Counsel in connection with the issuance of the Series of 1998 Guaranteed Revenue Bonds.

 

4.         A. H. Williams, Inc. and Bond Counsel, as well as all other officials of the Authority are hereby authorized, empowered, and directed to take all necessary steps in the preparation of said proposal to the Board including taking all necessary steps to secure the action to the Borough of West Mifflin including but not limited to the Guaranty on said Bonds.

 

BE IT RESOLVED, this 27th day of January 1998.

 

ATTEST:                                                                    

Michael Price Jr., Secretary

 

WEST MIFFLIN SANITARY SEWER MUNICIPAL AUTHORITY                                                                                  Cynthia A. Sullivan, Chairman