HomeMy WebLinkAboutResolutions - 1979.03.01 - 12379
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-.. - MISCELL: ',i?i,;14.k.:0'$." R'FeEl;' . 14:11°11101 *NI. 1149979. , 8811
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. ' RE: Ito' COMM -la BORROWING
BY PLANNING /4.10) li!qii;DIN* NattEE,-. Richard R. Wilcox
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" TO THE .OAKLAI4D,COUNT*00*RD OF COMMISSIONERS . . - ..4... ..4,..., .
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WHEREAS, 1943 P4,143, •eft ari46101,alithbrizes the Board of County Road
. mO - ' * purposes 4 , .Commissioners to ',arm* to„eer p poses and to issue its note m antio- . . .
potion thereof, and to plalge tor,payluentthereof, -future revenue derived from State
' ,t-. , ' t 6 - . .4" . , . n
collected taxes returned to ktii • 'County, tor -County Road purposes, the maximum
amount which may be borrowed to be lifuily authorized by the Board of County ,
Commissioners. - ;
NOW, THEREFORE,. BE lT IVESOI4VED, that the Board of County Road
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Commissioners , of t46..CounO, of QalcItind. is "hereby aiithirized, to borrow a mum vf,
money not to exceedSA;Ofili .‘40*, :00 :to *vide funds for the -construction, intprovaL
ment, maintenance' and.._tetv.of COurlitlIkçads, and to issue Its -notes therefor,
pursuant to said Act 143,'atan(:_interestlate not to exceed the maximum rate of
Interest permitted by law -at the:time'of *le; pledging for the payment thereof Ituittire
- - revenues derived from State .-bollected bites returned to the County for County Road -
dit of the tolinst hall t be pledged for eat - purposes. The full-faith and cre. y s no t paytn
of such notes.
chairipin, The' Planni
HARt R Thit-605( -Chalitnan
Dated: Januar+ 6;.191.`9
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#8811 March 1, 1979
Moved by Wilcox supported by Moore the report be accepted.
A sufficient majority having voted therefor, the motion carried.
Moved by Wilcox supported by Perinoff that Resolution #8811 be adopted.
Moved by McConnell supported by Patterson the resolution be amended
by adding "The bonds shall not be sold unless the gas and weight taxes are
rolled back".
A sufficient majority having voted therefor, the amendment carried.
Vote on resolution as amended:
AYES: Gabler, Gorsline, Hobart, Kasper, Kelly, Lewand, McConnell,
Moffitt, Montante, Moore, Murphy, Page, Patterson, Perinoff, Pernick,
Peterson, Price, Wilcox, Aaron, Doyon, Fortino. (21)
NAYS: None. (0)
A sufficient majority having voted therefor, Resolution #8811 as amended,
was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D:-Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
Miscellaneous Resolution #8811 adopted by the Oakland County Board of
Commissioners at their meeting held on March 1, 1979
with the original record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
1st March 79 this day of 19....
Lynn D. Allen Clerk
By Deputy Clerk