An ordinance to incur debt; determining that the maximum principal amount of such debt shall be $2,395,000; determining that such debt shall be incurred as lease rental debt and shall be the several and proportionate share (50%) of the guaranteed sewer revenue bonds, series of 2013, in the maximum principal amount of $4,790,000, to be authorized and issued connection with the following: (1) currently refunding said authority’s bonds – series of 2001; and (2) paying costs, fees and expenses with respect to the foregoing purposes and the financing; authorizing appropriate officers of the Township to execute, to attest and to deliver, as appropriate, a guaranty agreement by and among this Township and the Township of Ryan, Schuykill County, Pennsylvania.
