Details for LEGAL NOTICE NOTICE IS GIVEN

LEGAL NOTICE NOTICE IS GIVEN that the Board of Supervisors of Shippensburg Township, Cumberland County, Pennsylvania (the "Township"), intends to consider for adoption and to vote upon the enactment of an ordinance summarized below at a special meeting to be held on December 27, 2018 at 9:00 AM at the Township Office at 81 Walnut Bottom Road, Shippensburg, Pennsylvania, 17257. ORDINANCE NO. 2018-07 ___________________________ AN ORDINANCE AUTHORIZING AND APPROVING THE INDEBTEDNESS OF SHIPPENSBURG TOWNSHIP, CUMBERLAND COUNTY, PENNSYLVANIA (THE "TOWNSHIP") BY DIRECTING THE ISSUANCE OF A GENERAL OBLIGATION NOTE IN THE MAXIMUM PRINCIPAL AMOUNT OF TWO HUNDRED AND TEN THOUSAND DOLLARS ($210,000.00) TO BE ISSUED TO ACNB BANK (the "PURCHASER"), PURSUANT TO THE LOCAL GOVERNMENT UNIT DEBT ACT, TO PROVIDE FUNDS FOR THE PURCHASE OF A PARCEL OF REAL ESTATE, AND ALL RELATED EXPENSES AND COST OF ISSUANCE (HEREINAFTER THE "PROJECT"); ACCEPTING A CERTAIN PROPOSAL FOR THE PURCHASE OF SUCH NOTE, (THE "COMMITMENT LETTER" WHICH TERM INCLUDES ANY AMENDMENT THERETO, RESTATEMENT OR REISSUANCE THEREOF HEREAFTER MADE) AT PRIVATE SALE WHICH COMMITMENT LETTER IS HEREBY ACCEPTED AND APPROVED; RESTATING THE REALISTIC USEFUL LIFE OF SAID PROJECT; AUTHORIZING AND DIRECTING APPROPRIATE OFFICERS OF THE TOWNSHIP TO TAKE CERTAIN ACTIONS AND TO EXECUTE CERTAIN DOCUMENTS REQUIRED BY THE PENNSYLVANIA LOCAL GOVERNMENT UNIT DEBT ACT; APPROVING THE SUBSTANTIAL FORM, MAXIMUM PRINCIPAL AMOUNTS, DATE, INTEREST MATURITY, AND SOURCES OF PAYMENT OF SAID OBLIGATION, SECURED BY THE GENERAL TAXES AND OTHER GENERAL REVENUES OF THE TOWNSHIP AND PLEDGING THE FULL FAITH, CREDIT, AND TAXING POWER OF THIS TOWNSHIP IN SUPPORT THEREOF; APPOINTING A PAYING AGENT AND SINKING FUND DEPOSITORY; MAKING CERTAIN COVENANTS WITH RESPECT THERETO AS REQUIRED BY THE DEBT ACT AND THE PENNSYLVANIA CONSTITUTION; AND PROVIDING FOR REPEAL OF ALL INCONSISTENT ORDINANCES OR PARTS OF ORDINANCES; AND PROVIDING WHEN THIS ORDINANCE SHALL BECOME EFFECTIVE. The full text of the Ordinance may be examined by any citizen, in the office of the Secretary of the Township at 81 Walnut Bottom Road, Shippensburg, Pennsylvania, 17257, on any regular business day between the hours of 9:00 a.m. and 1:00 pm. prevailing time. An attested copy of the proposed ordinance has also been filed with the newspaper publishing this notice and at the Cumberland County Law Library, 1 Courthouse Square # 304, Carlisle, Pennsylvania, 17013. Persons with disabilities may request auxiliary aids and services by calling the Township offices at Phone: 717.532.7137 within 48 hours of the meeting. Amendments may be made with respect to the Ordinance during its final passage. Advertisement relating to the final passage of the ordinance, in final form, which form will include insertions and/or amendments, if any, as appropriate, will be made in accordance with the Pennsylvania Local Government Unit Debt Act (the "Act"). This notice is given in accordance with the requirements of, and in compliance with, the Act. James M. Robinson, Township Solicitor

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