HomeMy WebLinkAboutResolutions - 1969.11.06 - 19448November 1969, at 9:30 o'clock A.M., Eastern of
ABSENT: Hamlin. (1)
At 4 regular meeting of the Board of Supervisors of
• the County of Oakland, State of Michigan, held in the Supervisors
6th Auditorium in the City of Pontiac, Michigan, on the day
Standard Time.
PRESENT: Aaron, Bawden, Benson, Brennan, Coy, Edwards, Gabler, Grba,
Horton, Houghten, Kasper, Mainland, Mastin, Mathews, O'Brien,
O'Donoghue, Olson, Patnales, Perinoff, Pernick, Powell,
Richards, Richardson, Szabo, Walker, Wilcox. (26)
Misc. 5216
IN RE: HORTON kLtIEF DRAINS
The following resolution was offered by Mr. Horton
and seconded by Mr. Mathews
WHEREAS, this board of supervisors by resolutions
Misc. No. 4967, Misc. No. 5111 adopted on December 17, 1968,
and June 19, 1969, did pledge the full faith and credit of
the County of Oakland on the Horton Relief Drains Drainage
District Drain Bonds to be dated January 1, 1969; and
WHEREAS, the statutory drainage board for the
Horton Relief Drains, after having offered said bonds for
sale on May 26, 1969, August 14, 1969, and September 15, 1969,
and having received no bids for the purchase of said bonds,
did on October 15, 1969, adopt resolutions amending the special
assessment roll and the bond resolution to provide that the
Horton Relief Drains Drainage District Drain Bonds shall be
dated November 1, 1969, and shall mature in 8 years rather than
20 years and to provide for other matters relative to said
bonds; 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 in accordance with the bond resolution
adopted November 8, 1968, as amended on May 26, 1969, and as
further amended on October 15, 1969; 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, DE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE COUNTY OF OAKLAND, MICHIGAN:
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. _
1. That pursuant to the authorization provided in
Section 474 of Chapter 20 of the Drain Code, the Board of
Supervisors of the County of Oakland does hereby irrevocably
pledge the full faith and credit of the County of Oakland to
the prompt payment of the principal of and interest on said
Horton Relief Drains Drainage District Drain Bonds dated
November 1, 1969, and does agree that in the event the City
of Southfield shall fail or neglect to account to the County
Treasurer of the County of Oakland for the amount of any
installment and interest for the Horton Relief Drains, 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.
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PUBLIC WORKS COMMITTEE
Harry W. Horton, Chairman
Lee Walker, Thomas H. O'Donoghue
George N. Grba, William M. Richards
E. Frank Richardson, Mahlon Benson, Jr.
Moved by Horton supported by Mathews the resolution be adopted.
ADOPTED.
YEAS: Aaron, Bawden, Benson, Brennan, Coy, Edwards, Gabler, Grba,
Horton, Houghten, Kasper, Mainland, Mastin, Mathews, O'Brien, OrDonoghue,
Olson, Patnales, Perinoff, Pernick, Powell, Richards, Richardson, Szabo,
Walker, Wilcox. (26)
NAYS: None. (0)
ABSENT: Hamlin. (1)
Dated: November 6 , 1969
STATE OF MICHIGAN )
)SS:
COUNTY OF OAKLAND )
1, 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 Super-
6th visors of the County of Oakland held on the day of
November , 1969, the original of which is on file in
my office.
Lynn D. Allen
County Clerk