PUBLIC NOTICE CRAWFORD CENTRAL SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Crawford Central School District, at a meeting held on September 26, 2016, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT-TO-EXCEED TEN MILLION NINE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($10,975,000); COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER FOR THE PAYMENT OF, THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM, MAXIMUM INTEREST RATES, MATURITY DATES, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; COVENANTING TO ACCEPT A PROPOSAL FOR THE PURCHASE OF THE BONDS; AUTHORIZING A FILING OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; RATIFYING AND DIRECTING CERTAIN ACTIONS OF OFFICERS; AND MAKING CERTAIN OTHER COVENANTS AND PROVISIONS IN RESPECT OF THE BONDS. The Resolution was amended from its proposed form to upon final passage to insert the maximum principal amount and to attach maximum debt service schedules. The Bonds will be purchased by RBC Capital Markets, LLC at not less than 95.00% of the principal amount, inclusive of net original issue discount, if any, plus accrued interest to the date of delivery. The maximum interest rate on the Bonds will not exceed 5.00%. The full text of the Resolution as adopted may be examined by any citizen between the hours of 8:00 a.m. and 4:00 p.m. on regular school business days at the office of the Business Manager/Board Secretary, Crawford Central School District, 11280 Mercer Pike, Meadville, PA 16335. Crawford Central School District Guy O'Neil Business Manager 814/724-3960 09/29/16
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