HomeMy WebLinkAboutResolutions - 1968.08.27 - 18875At a meeting of the Board of Supervisors of the
County of Oakland, State of Michigan, held in the Supervisors
Auditorium in the City of Pontiac, Michigan, on the 27th
day of August, 1968, at 9 :30 o'clock A.M., Eastern Day-
light Time, which meeting was part of the _regular June
session of said Board.
PRESENT: Anderson, Bachert, Beecher, Bingham, Birnkrant, Brennan, Brewer,
ABSENT:
Bryant Case , Cline , CRI-121-T3,__12,j1T.P_-11,J22,11sLEILLJ21Els-111.1,t4.1i1-1.-4
Edwards Eldrid.te Forbes Fouts Fusilier Gabler. Hall Hamlin,
Horton, Hursfall, Ingraham, Inwood; Johnson, E. Kephart, J. Kephart,
Kramer, Lahti, Lessiter, Levinson, Linley, Long, Mainland, Maly,
McDonnell, Helchert, Melstrom, Miller, Mitchell, OTonoghue,
Oldenburg, Peasley, Perinoff, Potter, Powers, Reid, Remer,
Rhinevault, Rusher, Schiffer, Shepherd, Simson, Slavens_, Smith,
Sthlberg, Tapp, Taucher Taylor, Tinsman Valentine, Wahl, Walker,
Webber, Wilcox, Wilmot, Woods. (70)
Charteris, Clarkson, Famularo, Frid, Gallagher, Geralds, Crisdale,
Lyon, Mastin, McNamee, Nelson, Paholak, Peterson, Schwartz, Stine,
Treacy. (16)
Misc. 4909
The following resolution was offered by Potter
and seconded by Gabler
WHEREAS, proceedings have been taken by the Statutory
Drainage Board for the location, establishment and construction
of the Brewer Drain under the provisions of Act No. 40 of the
Michigan Public Acts .f 1956, as amended, pursuant to a petition
filed by the City of Pontiac on June 26, 1967; and
WHEREAS, the Drainage Board for said Brewer Drain
by resolution on August 12, 1968, authorized and provided for
the issuance of bonds in the aggregate principal amount of
$660,000 in anticipation of the collection of an equal amount
of unpaid special assessments against the City of Pontiac as
its share of the cost of said drain, said special assessments
having been theretofore duly confirmed by said Drainage Board;
and
WHEREAS, said bonds are to be designated Drain Bonds,
are to be dated October 1, 1968, will bear interest at a rate
not exceeding 6%, and will be subject to prior redemption at
times and prices specified in the said resolution of said Drain-
age Board authorizing their issuance; and
WHEREAS, Section 474 of said Act No. 40, as amended,
provides in part as follows:
"If any public corporation fails or neglects
to account to the county treasurer for the
amount of any installment and interest, then
the county treasurer shall advance the amount
thereof from county funds in the following
cases:
"(1) If any bonds or other evidence of indebted-
ness have been issued to finance a project, the
petition for which was filed after June 6, 1961,
in anticipation of the collection of the install-
ment and interest pursuant to the provisions of
this chapter and the board of supervisors has
previously acted, by a resolution adopted by a
2/3 vote of its members elect, to pledge the full
faith and credit of the county for the prompt
payment of the principal of and interest on the
bonds or evidences of indebtedness, or
"(2) If any bonds or other evidence of indebted-
ness have been issued to finance a project, the
petition for which was filed prior to June 6, 1961,
in anticipation of the collection of the install-
ment and interest pursuant to the provisions of
this chapter."
; and
WHEREAS, said Drainage Board deems it advisable and
necessary to obtain from this Board a resolution consenting
to the pledge of the full faith and credit of the county on
the aforesaid bonds; and "
WHEREAS, the said drainage project is immediately
necessary to protect and to preserve the public health and,
therefore, it is in the best interest of the County of Oakland
that said bonds be so 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, the Board of Super-
visors of the County of Oakland does hereby irrevocably pledge
the full faith and credit of the County of Oakland and does
agree that in the event the City of Pontiac shall fail or neglect
to account to the County Treasurer of the County of Oakland for
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the amount of any installment and interest for the Brewer
Drain, when due, then the amount thereof shall be immediately
advanced from County funds, and the County Treasurer is
directed to immediately make such advancement to the extent
necessary.
2. That in the event that, pursuant to said pledge
of full faith and credit, the County of Oakland advances out
of County funds, all or any part of said installment and inter-
est, it shall be the duty of the County Treasurer, for and on
behalf of the County of Oakland, to take all actions and pro-
ceedings and pursue all remedies permitted or authorized by
law for the reimbursement of such sums so paid.
3. That all resolutions and parts of resolutions
insofar as the same may be in conflict with the provisions of
this resolution be and the same hereby are rescinded.
ADOPTED: Yeas - Anderson, Bachert, Beecher, Bingham, Birnkrant, Brennan,
Brewer, Bryant, Case, Cline, Colburn, Dewan, Doherty, Duncan, Edward, Edwards,
Eldridge, Forbes, Fouts, Fusilier, Gabler, Hall, Hamlin, Horton, Hursfall,
Ingraham, Inwood, Johnson, E. Kephart, J. Kephart, Kramer, Lahti, Lessiter,
Levinson, Linley, Long, Mainland, Maly, McDonnell, Melchert, Melstrom,
Miller, Mitchell, O'Donoghue, Oldenburg, Peasley, Perinoff, Potter, Powers,
Reid, Remer, Rhinevault, Rusher, Schiffer, Shepherd, Simsen, Slavens, Smith,
Solberg, Tapp, Taucher, Taylor, Tinsman, Valentine, Wahl, Walker, Webber,
Wilcox, Wilmot, Woods. (70)
Nays -
None. (0)
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Dated: August 27 , 1968
STATE OF MICHIGAN )
) SS:
COUNTY OF OAKLAND )
ChietAebuty I, the undersigned, the duly qualified owsm
ty County Clerk and/' Cier 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 (which was a part
of the regular June session) of the Board of Super-
day of
August, 1968, the original of which is on file in my office.
Chief Deputy County Clerk
H.11TIC
visors of the County of Oakland held on the 27th