HomeMy WebLinkAboutResolutions - 1970.01.08 - 16432At a meeting of the Board of Supervisors of the County
of Oakland, State of Michigan, held in the County Building in
the City of Pontiac, Michigan, on the 8th day of January, 1970,
at 9 °3 ° o'clock A.M., Eastern Standard Time.
PRESENT: Aaron, Bawden, Benson, Brennan, Coy, Edwards, Gabler, Grba,
Hamlin, Horton, Houghten, Kasper, Mainland, Mastin, Mathews,
O'Brien, O'Donoghue, Olson, Patnales, Perinoff, Pernibk,
Powell, Richards, Richardson, Szabo, Walker, Wilcox. (27)
ABSENT: None. (0)
mi s c. Az5 26 0
The following resolution was offered by _ Mr. Horton
and seconded by Mr. Richardson
WHEREAS, this Board of Supervisors has heretofore
pledged the full faith and credit of the County of Oakland to
the payment of the hereinafter mentioned drain bends and has
agreed that in the event any of the public corporations assessed
for the cost of the drain projects to be financed by the issuance
of such bonds should fail or neglect to account to the County
Treasurer of the County of Oakland for the amount of any
installment and interest, when due, the amount thereof shall
be immediately advanced from County Funds by the County Treasurer7
and
WHEREAS, the Drainage Board for each of the affected
drain projects have amended the bond resolutions to provide
that the said bonds shall bear interest at a rate or rates not
to exceed 8% per annum; and
WHEREAS, the drain projects are necessary to pro-
tect and preserve the public health and it is in the best
interest of the County Of Oakland that the said bonds be sold.
NOW; THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE COUNTY OF OAKLAND, MICHIGAN:
1. That pursuant to the authorization provided in
Section 474 of Chapter 20 of the Drain Code of 1956, as
amended, the Board of Supervisors of the County of Oakland
does hereby reaffirm its pledge of the full faith and credit
of Oakland County to the payment of the following bonds, to
wit:
$1,100,000 Mullen Drainage District Drain
Bonds to be dated as of April 1, 1969.
$310,000 Horton Relief Drains Drainage District
Drain Bonds to be dated as of November 1, 1969.
$220,000 Ji1bert Drainage District Drain Bonds
to be dated as of October 1, 1969.
$65,000 Kollar Drainage District Drain Bonds
to be dated as of October 1, 1969.
$2,210,000 Levinson Relief Drains Drainage
District Drain Bonds to be dated as of October 1,
1969,
and does agree that in the event that any of the public cor-
porations assessed shall fail or neglect to the County
..Treasurer of the County of Oakland for the amount of any
installment or interest, when due, the amount thereof shall
be immediately advanced from County Funds, and the County
Treasurer is directed to make such advancement to the extent
necessary.
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2. That all resolutions or parts of resolutions
insofar as the same may be in conflict with the provisions
of this resolution be and the same are rescinded.
Harry W. Horton
District #6 Supervisor
Moved by Horton supported by O'Brien the rules be suspended for immediate
consideration of the resolution.
A sufficient majority having voted therefor, the motion carried.
Moved by Horton supported by Richardson the resolution be adopted.
ADOPTED.
YEAS: Aaron, Bawden, Benson, Coy, Edwards, Gabler, Grba, Hamlin, Horton,
Houghten, Kasper, Mainland, Mastin, Mathews, O'Donoghue, Patnales, Perinoff,
Pernick, Powell, Richards, Richardson, Szabo, Walker, Wilcox. (24)
NAYS: Brennan, O'Brien, Olson. (3)
Harry W. Horton
District #6 Supervisor
Moved by Horton supported by O'Brien the rules be suspended for immediate
consideration of the resolution.
A sufficient majority having voted therefor, the motion carried.
Moved by Horton supported by Richardson the resolution be adopted.
ADOPTED.
YEAS: Aaron, Bawden, Benson, Coy, Edwards, Gabler, Grba, Hamlin, Horton,
Houghten, Kasper, Mainland, Mastin, Mathews, O'Donoghue, Patnales, Perinoff,
Pernick, Powell, Richards, Richardson, Szabo, Walker, Wilcox. (24)
NAYS: Brennan, O'Brien, Olson. (3)
2. That all resolutions or parts of resolutions
insofar as the same may be in conflict with the provisions
of this resolution be and the same are rescindeci.
ADOPTED: Yeas -
Nays -
STATE OF MIC -11IGAN )
)SS:
COUNTY OF °ARLAND )
the undersigned, the duly qualified and acting
County Clerk and Clerk of the Board of Supervisors of the
County of Oakland, do hereby certify that the foregoing is a
true and complete copy of a resolution adopted by a 2/3rds
vote of its members-elect at the meeting of the Board of
Supervisors of the County of Oakland held on the 8th day
of January , 1970, the original of which is on file
in my office.
County Clerk