[HISTORY: Adopted by the Borough Council
of the Borough of Malvern as indicated in table (App. VII of the 1975
Code of Ordinances).]
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1.
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An ordinance authorizing the Borough to borrow
money to defray the expenses of improving streets and highways.
[Adopted 10-22-1889] |
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2.
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An ordinance authorizing that a sum not exceeding
$9,000 be borrowed for the purpose of procuring a water supply for
the Borough for fire, sanitary and other purposes.
[Adopted 12-10-1895] |
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3.
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An ordinance authorizing the Borough to incur
a debt and to issue bonds to secure a loan of not less than $9000
for the purpose of erecting and maintaining waterworks.
[Adopted 2-5-1896] |
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4.
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An ordinance authorizing the Borough to incur
a debt of $750 for general municipal purposes.
[Adopted 3-8-1914] |
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5.
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An ordinance authorizing the Borough to incur
a debt of $2,000 for general municipal purposes.
[Adopted 12-1-1914 by Ord. No. 31] |
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6.
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An ordinance authorizing the Borough to incur
a debt of $1,000 for general Borough purposes.
[Adopted 2-11-1916 by Ord. No. 36] |
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7.
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An ordinance increasing the indebtedness of
the Borough in the amount of $30,000.
[Adopted 5-22-1916 by Ord. No. 39] |
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8.
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An ordinance providing for an election to increase
the indebtedness of the Borough in the amount of $30,000 for water
plant and street purposes.
[Adopted 5-22-1916 by Ord. No. 40] |
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9.
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A resolution increasing the indebtedness of
the Borough in the amount of $30,000 and to issue bonds for the purpose
of extending and improving the waterworks and water system and for
street improvements.
[Adopted 9-1-1917 by Ord. No. 44] |
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10.
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An ordinance increasing the indebtedness of
the Borough in the amount of $3,000 for the purpose of street improvements
and to extend the water system.
[Adopted 7-8-1925 by Ord. No. 53] |
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11.
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An ordinance increasing the indebtedness of
the Borough in the amount of $4,000 for the purpose of street improvements.
[Adopted 9-6-1927 by Ord. No. 59] |
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12.
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An ordinance increasing the indebtedness of
the Borough in the amount of $12,000 to provide funds for street improvements.
[Adopted 10-1-1924 by Ord. No. 68] |
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13.
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An ordinance authorizing the issuance of general
obligation bonds of the Borough in the maximum amount of $85,000 to
improve and expand the water system the Borough.
[Adopted 9-13-1955 by Ord. No. 135] |
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14.
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An ordinance increasing the indebtedness of
the Borough in the amount of $182,000 for sundry purposes.
[Adopted 2-5-1974 by Ord. No. 224] |
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15.
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An ordinance increasing the indebtedness of
the Borough in the amount of $125,000 for sundry purposes.
[Adopted 8-6-1974 by Ord. No. 230] |
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16.
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An ordinance authorizing the incurring of lease
rental indebtedness of $2,240,000 for sewage collection system improvements.
[Adopted 8-28-1975 by Ord. No. 244] |
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17.
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An ordinance increasing the indebtedness of
the Borough in the amount of $410,000 for sundry purposes.
[Adopted 9-9-1975 by Ord. No. 250] |
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18.
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An ordinance authorizing the incurring of lease
rental indebtedness of $2,306,000 for sewage collection system improvements.
[Adopted 8-18-1976 by Ord. No. 76-6] |
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19.
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An ordinance authorizing increasing the lease
rental debt up to $3,865,000 for sewage collection system improvements.
[Adopted 9-19-1977 by Ord. No. 77-6] |
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20.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $300,000 for sundry purposes.
[Adopted 4-11-1984 by Ord. No. 84-2] |
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21.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $200,000 for sundry purposes.
[Adopted 8-13-1985 by Ord. No. 85-3] |
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22.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $500,000 for the replacement of the Bridge Street bridge.
[Adopted 10-8-1985 by Ord. No. 85-4] |
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23.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $80,000 for the renovation and enlargement of the Highway Department
garage.
[Adopted 3-4-1986 by Ord. No. 86-1] |
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24.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $165,000 for the refinancing of the outstanding balance of the
1975 water project loan and other lawful purposes.
[Adopted 5-12-1987 by Ord. No. 87-5] |
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25.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $500,000 for the construction of a new Bridge Street bridge over
the Amtrak railroad.
[Adopted 6-9-1987 by Ord. No. 87-7] |
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26.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $500,000 for the construction of a new Bridge Street bridge over
the Amtrak railroad.
[Adopted 9-8-1987 by Ord. No. 87-11] |
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27.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $50,000 for the purchase of computer equipment for the Borough.
[Adopted 11-10-1987 by Ord. No. 87-14] |
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28.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $500,000 for the construction of a new bridge on Bridge Street
and payment of the costs and expenses of issuing the debt and financing
such capital project.
[Adopted 6-14-1988 by Ord. No. 88-4] |
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29.
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An ordinance increasing the indebtedness of
the Borough by the issue of a general obligation note in the amount
of $1,000,000 for the construction of the Amtrak Bridge Street bridge.
[Adopted 10-11-1988 by Ord. No. 88-7] |
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30.
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An ordinance increasing the indebtedness of
the Borough by the issuance of a general obligation note in the amount
of $1,000,000 for the construction of capital improvements to the
Borough water system.
[Adopted 10-11-1988 by Ord. No. 88-8] |
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31.
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An ordinance increasing the indebtedness of
the Borough by the issuance of a general obligation note or notes
in the principal amount not to exceed $500,000 to provide additional
funds for reconstructing a bridge of the Amtrak railroad in the Borough.
[Adopted 7-18-1989 by Ord. No. 89-10] |
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32.
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An ordinance increasing the indebtedness of
the Borough by the issuance of a general obligation note in the maximum
principal amount of $1,500,000 to provide funds to finance a capital
project of the Borough which consists of, among other things: (a)
the planning, designing, acquiring and constructing of water transmission
lines (trunk lines) in a portion of this Borough; (b) the demolition
of an existing bridge located on Bridge Street and the planning, designing,
acquiring and reconstructing of a bridge to be located on Bridge Street
in this Borough; and (c) the payment of certain of the costs and expenses
of issuing the note.
[Adopted 2-6-1990 by Ord. No. 90-2] |
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33.
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An ordinance authorizing the incurrence of nonelectoral
debt through the issuance of general obligation bonds to provide funds
for the current refunding of short-term loans for bridge repairs and
for improvements to the stormwater, sanitary sewer and water systems
and for the cost of issuing the bonds.
[Adopted 12-3-1991 by Ord. No. 91-12] |
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34.
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An ordinance authorizing the incurrence of nonelectoral
debt through the issuance of the series of 1996 general obligation
note in the par amount of $300,000 and approves certain capital projects;
approves the negotiated sale of the 1996 note to the Delaware Valley
Regional Finance Authority; approves the substantial forms of the
promissory note and financing agreement and authorizes execution and
delivery of all necessary documents; states the amortization schedule
and maximum annual debt service payments; pledges the full faith,
credit and taxing power of the Borough for the timely payment of the
debt service; establishes and appoints a sinking fund depository;
authorizes the application to the Department of Community and Economic
Development; authorizes advertisement of enactment; and repeals inconsistent
ordinances.
[Adopted 8-20-1996 by Ord. No. 96-12] |
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35.
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An ordinance authorizing the incurrence of nonelectoral
debt through the issuance of general obligation bonds in the aggregate
principal amount not to exceed $1,350,000 for the purpose of providing
funds to (1) advance refund a portion of the Borough's general obligation
bonds, series of 1991; (2) finance certain improvements in the Borough
(the "capital project"), and (3) to pay the costs of issuing the bonds,
or any or all of the same; stating that realistic cost estimates have
been made for the capital project and authorizing the payment of other
capital projects upon appropriate amendment hereto; stating the realistic
estimated useful life of the capital project for which said bonds
are issued; describing a certain prior project and ratifying and confirming
the originally determined realistic estimated useful lives thereof;
directing the proper officers of the governing body to prepare, certify
and file the required debt statement and borrowing base certificate;
covenanting that the Borough shall include the amount of annual debt
service in its budget for each fiscal year; providing for fully registered
bonds, date of the bonds, interest payment dates, provisions for redemption
and stated principal maturity amounts and fixing the rates of interest
on such bonds; authorizing the proper officers of the Borough to contract
with a bank or bank and trust company for its services as sinking
fund depositary, paying agent and registrar and stating a covenant
as to payment of principal and interest without deduction for certain
taxes; providing for the registration, transfer and exchange of bonds;
providing for facsimile signatures and seal and authentication; approving
the form of the bonds, paying agent's authentication certificate and
assignment and providing for cusip numbers to be printed on the bonds;
providing for temporary bonds; awarding such bonds at private sale
and stating that such private sale is in the best financial interest
of the Borough; creating a sinking fund; authorizing and directing
the proper officers of the Borough to certify and to file with the
Pennsylvania Department of Community and Economic Development certified
copies of the necessary proceedings; providing for the refunding of
the prior bonds described herein and authorizing the execution and
delivery of an escrow agreement in connection therewith; covenanting
that the proceeds of the bonds shall not be used in such a manner
as to cause the bonds to be arbitrage bonds under federal tax law
provisions, making certain tax representations and designating the
bonds as "qualified tax-exempt obligations" under federal tax law
provisions; approving the content and form of a preliminary official
statement and authorizing the distribution thereof and authorizing
the preparation, execution and delivery of an official statement and
the undertaking of certain continuing disclosure; authorizing and
directing the proper officers of the Borough to do all things necessary
to carry out the ordinance; authorizing and directing the proper officers
of the Borough to pay issuance costs; and repealing all inconsistent
ordinances.
[Adopted 10-7-1997 by Ord. No. 97-3] |
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36.
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An ordinance authorizing and directing the incurrence
of nonelectoral debt of Borough of Malvern, Chester County, Pennsylvania,
through the issuance of its general obligation note, series of 1999,
in the aggregate principal amount of $1,550,000 to provide funds to
(1) finance acquisition of 44 acres of historically significant land
and open space (on which the "Paoli Massacre" was fought in the Revolutionary
War) (the "capital project") and to pay the costs of issuing the note
(collectively the "project"); stating that realistic cost estimates
have been made for the capital project and authorizing the payment
of other capital projects upon appropriate amendment hereto; stating
the realistic estimated useful life of the project for which said
note is issued; directing the proper officers to prepare, certify
and file the required debt statement and borrowing base certificate;
covenanting that the Borough shall include the amount of annual debt
service in its budget for each fiscal year; setting forth the substantial
form of the note; setting forth the stated principal and interest
payment dates, redemption provisions, place of payment and other details
of the note; stating a covenant as to payment of principal and interest
without deduction for certain taxes; providing for execution of the
note; creating a sinking fund; providing for the sale of the note
at private sale by negotiation and accepting proposals for the purchase
of the note; appointing a loan paying agent and sinking fund depositary;
authorizing and directing the proper officers of the Borough to certify
and to file with the Pennsylvania Department of Community and Economic
Development certified copies of the necessary proceedings; authorizing
continuing disclosure; authorizing and directing the proper officers
of the Borough to pay issuance costs; authorizing the proper officers
of the Borough to do all things necessary to carry out the ordinance
and to pay financing costs; and rescinding all inconsistent ordinances.
[Adopted 10-27-1999 by Ord. No. 99-1] |
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37.
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An ordinance that authorizes the incurrence of nonelectoral
debt by the Borough of Malvern, Chester County, Pennsylvania (the
“Borough”), pursuant to the issuance of the General Obligation
Notes, 2013 Series (the “2013 Notes”) in the aggregate
principal amount of $300,000 and approves a certain capital project;
approves the negotiated sale of the 2013 Notes to the Delaware Valley
Regional Finance Authority; approves the substantial forms of the
loan documents and authorizes execution and delivery of all necessary
documents; states the amortization schedule and maximum annual debt
service payments; authorizes and awards a transaction under a qualified
interest rate management agreement and authorizes and directs a filing
to the Department of Community and Economic Development; pledges the
full faith, credit and taxing power of the Borough for the timely
repayment of the 2013 Notes, including the periodic payments due under
the qualified interest rate management agreement; covenants to pay
any termination charges; creates and appoints a sinking fund depository;
authorizes the application for approval of the issuance of the 2013
Notes to the Department of Community and Economic Development; authorizes
advertisement of enactment; and repeals inconsistent ordinances.
[Adopted 12-18-2012 by Ord. No. 2012-7] |
