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NORTHERN BEDFORD COUNTY SCHOOL DISTRICT
Bedford County, Pennsylvania
NOTICE IS HEREBY GIVEN that the Board of School Directors of Northern Bedford County School District, Bedford County, Pennsylvania (the “School District”), will hold a regularly scheduled public meeting in Room 136 of the Northern Bedford County Middle/Senior High School, 152 NBC Drive, Loysburg, Pennsylvania on Tuesday, June 16, 2020, at 6:00 p.m., prevailing time, or, in the alternative, on a date not more than thirty (30) days nor less than three (3) days from the date of advertisement of this Notice, for the purpose of consideration of and action upon a Resolution (the “Resolution”), a summary of which is set forth in the following caption:
“A RESOLUTION OF THE BOARD OF SCHOOL DIRECTORS OF NORTHERN BEDFORD COUNTY SCHOOL DISTRICT, BEDFORD COUNTY, PENNSYLVANIA (THE “SCHOOL DISTRICT”), AUTHORIZING AND DIRECTING THE ISSUANCE OF A GENERAL OBLIGATION NOTE, SERIES OF 2020, IN THE PRINCIPAL AMOUNT NOT TO EXCEED $3,000,000 (THE “NOTE”), AS PERMITTED BY AND PURSUANT TO THE LOCAL GOVERNMENT UNIT DEBT ACT, 53 PA. C.S. § 8001 ET SEQ., AS AMENDED AND SUPPLEMENTED, FOR THE PURPOSE OF PROVIDING FUNDS FOR (I) A CERTAIN CAPITAL PROJECT, AND (II) THE PAYMENT OF COSTS OF ISSUING THE NOTE (COLLECTIVELY, THE “2020 PROJECT”); DETERMINING THAT SUCH DEBT SHALL BE NONELECTORAL DEBT OF THE SCHOOL DISTRICT; DETERMINING THAT THE NOTE SHALL BE SOLD AT INVITED SALE; ACCEPTING A PROPOSAL FOR PURCHASE OF THE NOTE, AT INVITED SALE, AND AWARDING THE NOTE AND SETTING FORTH RELATED PROVISIONS; FIXING THE SUBSTANTIAL FORM, DATE, MATURITY DATE, INTEREST RATE, INTEREST AND PRINCIPAL PAYMENT DATES, PLACE OF PAYMENT OF PRINCIPAL AND INTEREST AND PREPAYMENT PROVISIONS OF THE NOTE; AUTHORIZING EXECUTION AND ATTESTATION OF THE NOTE; PROVIDING THAT THE NOTE, WHEN ISSUED, SHALL BE A GENERAL OBLIGATION OF THE SCHOOL DISTRICT; PROVIDING COVENANTS RELATED TO DEBT SERVICE APPLICABLE TO THE NOTE AS REQUIRED BY SAID DEBT ACT, AND THE PENNSYLVANIA CONSTITUTION AND PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER OF THE SCHOOL DISTRICT IN SUPPORT THEREOF; SPECIFYING THE REALISTIC ESTIMATED USEFUL LIFE OF SAID CAPITAL PROJECT; ESTABLISHING A SINKING FUND IN CONNECTION WITH THE NOTE AS REQUIRED BY SUCH DEBT ACT; APPOINTING A PAYING AGENT, REGISTRAR AND SINKING FUND DEPOSITORY; PROVIDING A COVENANT TO INSURE PROMPT AND FULL PAYMENT OF ALL OBLIGATIONS OF THE NOTE WHEN DUE; RATIFYING PRIOR ADVERTISEMENT AND DIRECTING FURTHER ADVERTISEMENT; AUTHORIZING AND DIRECTING THE PREPARATION, EXECUTION AND FILING OF A TRANSCRIPT OF PROCEEDINGS, INCLUDING A DEBT STATEMENT AND A BORROWING BASE CERTIFICATE, WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; DECLARING THAT THE DEBT TO BE INCURRED TOGETHER WITH OTHER INDEBTEDNESS OF THE SCHOOL DISTRICT, NOT TO BE IN EXCESS OF THE LIMITATION IMPOSED BY SUCH DEBT ACT UPON THE INCURRING OF DEBT BY THE SCHOOL DISTRICT; SETTING FORTH CERTAIN COVENANTS RELATING TO THE NON-ARBITRAGE STATUS OF THE NOTE; DESIGNATING THE NOTE AS A QUALIFIED TAX-EXEMPT OBLIGATION UNDER SECTION 265 (b)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AUTHORIZING AND DIRECTING THE APPROPRIATE OFFICERS OF THE SCHOOL DISTRICT TO EXECUTE AND DELIVER A DISBURSEMENT AGREEMENT; ESTABLISHING A CLEARING ACCOUNT AND A PROJECT ACCOUNT; AUTHORIZING THE PAYMENT OF EXPENSES; PROVIDING GUIDELINES FOR PERMITTED INVESTMENTS; AUTHORIZING THE PAYMENT OF EXPENSES, AS APPLICABLE; AUTHORIZING AND DIRECTING PROPER OFFICERS OF THE SCHOOL DISTRICT TO DO AND PERFORM CERTAIN SPECIFIED, REQUIRED OR APPROPRIATE ACTS AND THINGS; PROVIDING FOR SEVERABILITY OF PROVISIONS; RATIFYING AND CONFIRMING AUTHORIZATION TO THE SOLICITOR, AND NOTE COUNSEL; REPEALING ALL RESOLUTIONS OR PARTS OF RESOLUTIONS INSOFAR AS THE SAME SHALL BE INCONSISTENT HEREWITH; AND PROVIDING WHEN THIS RESOLUTION SHALL BECOME EFFECTIVE.”
The full text of the Resolution may be examined or inspected by any citizen at the office of the Business Manager in the Northern Bedford County High School, 152 NBC Drive, Loysburg, Pennsylvania on any regular business day between the hours of 8:00 a.m. and 4:00 p.m., prevailing time. Amendments may be made to the Resolution prior to adoption.
This notice is given in accordance with the requirements of and in compliance with the Local Government Unit Debt Act, 53 Pa.C.S. § 8001 et seq., as amended and supplemented.
NORTHERN BEDFORD COUNTY SCHOOL DISTRICT
Bedford County, Pennsylvania
Public Notice
Notice of Pesticide Application: Nutrien Ag Solutions of Tyrone, PA is giving notice of intent to make ground applications on agriculture crops during the next 30 days in Armstrong, Bedford, Blair, Butler, Beaver, Cambria, Centre, Clarion, Clearfield, Fayette, Huntingdon, Indiana, Jefferson, Mifflin, Somerset, Washington and Westmoreland Counties.
Information will be made available upon request. Please contact Nutrien Ag Solutions, 5061 Babe Road, Tyrone, PA 16686, (814) 684-9470
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