[HISTORY: Adopted by the Borough Council of the Borough of
Kittanning as indicated in article histories. Amendments noted where
applicable.]
[Adopted 10-19-1959 (Ch.
I, Part 9, Secs. 171 and 172, of the 1970 Code of Ordinances)]
________________[1] be and it is hereby designated as depository of the funds
to be derived by the Borough from the operation of the sewer system,
which is to be leased by the Borough from the Municipal Authority
of the Borough of Kittanning and is authorized to accept for deposit
in an account to be known as the "Sewer System Fund" in the name of
the Borough, subject to clearance or collection, moneys, checks, drafts,
notes, bills of exchange, acceptances or other orders for the payment
of money which may at any time come into the possession, with or without
endorsement thereof by the Borough, payment thereof to the depository
is authorized and directed to honor and pay and to charge to the accounts
of the Borough all checks, drafts, bills of exchange, acceptances,
notes or orders for the payment of money withdrawn on or addressed
to said depository and signed on behalf of the Borough by the following
officers:
|
Name
|
Office
|
Signature
|
|---|---|---|
|
A. P. Merwin
|
President
|
/S/ A. P. Merwin
|
|
Wilbur S. Bowers
|
Treasurer
|
/S/ Wilbur S. Bowers
|
|
George W. L. Starr
|
Secretary
|
/S/ George W. L. Starr
|
|
or their successors in the particular offices named whether
the same be payable to the order of or in favor of the officer or
person signing them, or to any of said officers in his individual
capacity or otherwise.
|
[1]
Editor's Note: This blank was purposely left in the ordinance
enacting this article so that a depository could be designated from
time to time by less formal action than by ordinance. When this article
was enacted, the Mellon National Bank and Trust Company was designated
by motion of Council, and on 4-1-1968, the Merchants National Bank
of Kittanning was so designated. The name of the current depository
is on file in the Borough offices.
The words used herein which are defined in the Agreement of
Lease, dated as of September 1, 1959, between the Municipal Authority
of the Borough of Kittanning and the Borough of Kittanning[1] are used with the meaning as so defined.
[1]
Editor's Note: Current agreements, if any, are on file
in the Borough offices.
[Adopted 12-29-1981 by Ord. No. 266-1981 (Ch. I, Part 9, Secs. 173 to
175, of the 1970 Code of Ordinances)]
In accordance with Act No. 113[1] of the General Assembly of the Commonwealth of Pennsylvania,
approved October 29, 1981, effective 60 days thereafter, interest
at the rate of 10% per annum shall be charged and collectible on all
municipal claims of said Borough from the date of completion of the
work after it is filed as a lien and on all municipal claims for taxes,
water rents or rates, lighting rates, or sewer rates from the date
of filing of the lien therefor.
[1]
Editor's Note: See 53 P.S. § 7143.
In accordance with said Act of the General Assembly,[1] where municipal claims are filed by said Borough arising
out of a municipal project which requires said Borough to issue bonds
to finance the project, interest shall be collectible on such claims
at the rate of interest of the bond issue on or at the rate of 12%
per annum, whichever is less.
Where the provisions of any other Act or Acts of the General
Assembly of Pennsylvania relating to claims by the Borough for taxes,
water rents or rates, lighting rates, power rates, sewer rents or
rates, or for any other Borough claim or lien, utilizes the procedure
of the Municipal Claim and Tax Lien Law, as from time to time supplemented
and amended, and where the provisions of such other Act or Acts of
Assembly establish a rate of interest for such claims or liens other
than 10% per annum, interest at the rate of 10% per annum shall be
applicable to the claims and liens of said Borough provided for under
such other Act or Acts of Assembly: Provided, however, that after
the effective date of this article where municipal claims are filed
arising out of a Borough project which required this Borough to issue
bonds to finance the project interest shall be collectible on such
claims at the rate of interest of the bond issue or at the rate of
12% per annum, whichever is less.
