1926-2

Signifying and expressing the desire of the Corporate authorities of the Borough of Bolivar, County of Westmoreland and Commonwealth of Pennsylvania to increase the bonded indebtedness of the said Borough by the amount of fourteen thousand five hundred ($14,500.) dollars for the purpose of refunding the floating indebtedness of said Borough and providing a fund for grading and paving of streets of said Borough, and authorizing san election on the question of said increase of bonded indebtedness by the amount of fourteen thousand five hundred ($14,500) dollars for the purposes aforesaid and giving notice thereof.

Whereas, it is necessary, that the bonded indebtedness of the Borough of Bolivar , County of Westmoreland and Commonwealth of Pennsylvania, be increased for the purpose of refunding the floating indebtedness of the said Borough, and for the purpose of providing a fund for the grading and paving of streets of said Borough.

Therefore, be it ordained and enacted and it is hereby ordained and enacted by and with the authority of the Council of the Borough of Bolivar, County of Westmoreland and Commonwealth of Pennsylvania in accordance with the Act of Assembly of the Commonwealth of Pennsylvania, approved the twentieth day of April AD 1874 and the amendments thereof and supplements thereto

Section I. That the corporate authorities of the said Borough hereby signify and express their desire to increase the bonded indebtedness of the said Borough in excess of two percent and less than seven percent of the assessed valuation of the taxable property, therein, by a new amount not exceeding fourteen thousand five hundred ($14,500.) dollars or 04886 , 226/3709 percent of the last assessed valuation of the taxable property therein for the purpose of refunding the floating indebtedness of the said Borough and providing a fund for the grading and paving of streets of the said Borough.

Section II. That in accordance with the desire signified and expressed in section I of this Ordinance a public election be, and the same is hereby authorized to be held on Tuesday the 24th day of April AD 1926 for the purpose of obtaining the assist of the electors of the said Borough for an increase of the bonded indebtedness of the said Borough, in excess of two percent and less than seven percent of the last assessed valuation of the taxable property therein by a net amount not exceeding fourteen thousand five hundred ($14,500.) dollars or 04886 or 2826/3709 percent of the last assessed valuation of the taxable property therein for the purpose of refunding the floating indebtedness of the said Borough and the raising of funds for the grading and paving of streets of the said Borough, and that notice of the said election by given according to law as follows:

To the Electors of the Borough of Bolivar, County of Westmoreland and Commonwealth of Pennsylvania

Election Notice - Increase of Bonded Indebtedness

Notice is hereby given to all the electors of the Borough of Bolivar, County of Westmoreland, and Commonwealth of Pennsylvania in pursuance and by authority of Ordinance No duly enacted and approved the 5th say of March AD 1926 that a public election will be held on Tuesday the 24th day of April 1926, between the hours of seven o'clock AM and seven o'clock PM at the usual voting place for holding municipal elections in said Borough, for the purpose of obtaining the assent of the qualified electors of the said Borough to increase the bonded indebtedness of the said Borough, the corporate authorities of the said Borough by said Ordinance signified and expressed their desire for such increase of indebtedness

The amount of the last assessed valuation of the taxable property of said Borough is $296,720.00 The amount of the present actual debt of the said Borough is:

a. Bonded indebtedness issue 1903 - $6,000.00

b. Floating debt, including judgment of the First National Bank of Ligonier PA which is to be paid out of this issue $8,205.10. Total ($14206.10)

The amount of the proposed increase in the bonded indebtedness of said Borough is $14,500.00. the percentage of the proposed increase of the bonded indebtedness of said Borough is .04886 2826/3709

The proposed increase is for the purpose of refunding the floating indebtedness of said Borough and providing funds for the grading and paving of streets of said Borough.

Section III. All ordinances and parts of ordinance inconsistent herewith and be the same are hereby repealed.

Ordained and enacted in Council assembled this fifth day of March AD 1926.

By the order of the Council of the Borough of Bolivar, County of Westmoreland, and Commonwealth of Pennsylvania by,

C.W. Hammond

President of Council

Attest:

J.E. Robertson

Secretary of Council

Examined and approved by me this fifth day of March AD 1926.

 J. E. Snyder

Chief Burgess

Original on file in ordinance book page 29, 30 and 31