Enacting Ordinance #6, 2022 Authorizing the issuance of Loan.


NOTICE IS HEREBY GIVEN that on June 14, 2022 at 715 Main Street, Moosic Lackawanna County Pennsylvania., the Council of the Borough of Moosic, Lackawanna County, Pennsylvania enacted an Ordinance Number 6 of 2022, authorizing the issuance of $1,000,000.00, principal amount of the General Obligation Note and the private sale thereof to Fidelity Deposit & Discount Bank, Dunmore, Lackawanna County Pennsylvania, Lender, at par, bearing interest at the rate of 3.75% per annum.  The Note is a general obligation of the local government unit, and its officers are directed to do all acts necessary and proper for the issuance and securing of said Note.  No amendments were made during the final passage of this ordinance.

A copy of the full text of the ordinance as enacted may be examined by any citizen in the office of the Secretary of the Borough of Moosic at the 715 Main Street, Borough of Moosic, Lackawanna County, Pennsylvania, on any business day (except Saturdays and Sundays) between the hours of 9:00 A.M. and 4:00 P.M., prevailing time.

ADV: 06/18/2022