NOTICE NOTICE is given that the Board of School Directors
NOTICE
NOTICE is given that the Board of School Directors of Cameron County School District, Cameron County, Pennsylvania (the “School District”), will hold a special meeting in the Library at the High School, 601 Woodland Avenue, Emporium, Pennsylvania on Monday, June 23, 2025, at 6:30 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 acting upon a Resolution (the “Resolution”), a summary of which is set forth in the following caption, and to consider all other business that may come before the Board:
“OF THE BOARD OF SCHOOL DIRECTORS OF CAMERON COUNTY SCHOOL DISTRICT (THE “SCHOOL DISTRICT”) AUTHORIZING AND DIRECTING THE ISSUANCE OF ITS GENERAL OBLIGATION BONDS, SERIES OF 2025, IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $14,390,000 (THE “BONDS”), 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 TO BE APPLIED FOR AND TOWARD FUNDING THE COSTS AND EXPENSES OF A CAPITAL PROJECT;
DETERMINING THAT THE BONDS SHALL BE SOLD AT PRIVATE SALE BY NEGOTIATION; DETERMINING THAT SUCH DEBT SHALL BE NONELECTORAL DEBT OF THE SCHOOL DISTRICT; AUTHORIZING ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE OF THE BONDS AND AWARDING THE BONDS AND SETTING FORTH RELATED PROVISIONS; PROVIDING FOR MAXIMUM MATURITIES AND MAXIMUM INTEREST RATES AND YIELDS; AUTHORIZING ACCEPTANCE OF AN ADDENDUM TO THE BOND PURCHASE PROPOSAL COMPLETING THE FINAL TERMS FOR THE PURCHASE OF THE BONDS AT OR WITHIN LIMITS HEREBY ESTABLISHED; APPOINTING A PAYING AGENT, REGISTRAR AND SINKING FUND DEPOSITORY; PROVIDING FOR THE TERMS OF THE BONDS INCLUDING DENOMINATIONS, DATED DATE, INTEREST PAYMENT DATES AND RECORD DATES; PROVIDING FOR THE REGISTRATION AND TRANSFER OF THE BONDS; SETTING FORTH REDEMPTION FEATURES AND PROCEDURES; AUTHORIZING THE EXECUTION AND AUTHENTICATION OF SUCH BONDS; PROVIDING THAT THE BONDS, WHEN ISSUED, SHALL BE GENERAL OBLIGATION BONDS OF THE SCHOOL DISTRICT; COVENANTING TO PAY DEBT SERVICE AND PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER FOR THE PAYMENT OF THE BONDS; SETTING FORTH OPTIONAL AND MANDATORY REDEMPTION PROVISIONS OF THE BONDS, AS
APPLICABLE; CREATING A SINKING FUND IN CONNECTION WITH THE BONDS AS REQUIRED BY SUCH ACT; APPROPRIATING PROCEEDS OF THE BONDS; SETTING FORTH CERTAIN COVENANTS RELATING TO THE NONARBITRAGE STATUS OF THE BONDS; 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 BORROWING BASE CERTIFICATE, WITH THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; AUTHORIZING AND DIRECTING THE OFFICERS AND OFFICIALS OF THE SCHOOL DISTRICT TO EXECUTE AND DELIVER DOCUMENTS AND TO TAKE ACTION AS MAY BE NECESSARY RELATING TO THE ISSUANCE OF THE BONDS; AUTHORIZING THE PREPARATION OF A PRELIMINARY OFFICIAL STATEMENT AND THE DISTRIBUTION THEREOF AND AUTHORIZING THE APPROVAL AND DISTRIBUTION OF A FINAL OFFICIAL STATEMENT AND THE USE THEREOF IN CONNECTION WITH THE SALE OF THE BONDS; CREATING A CLEARING ACCOUNT AND PROJECT ACCOUNT; AUTHORIZING THE PURCHASE OF A POLICY OF MUNICIPAL BOND INSURANCE IF DEEMED APPROPRIATE; AUTHORIZING THE PAYMENT OF EXPENSES; PROVIDING GUIDELINES FOR PERMITTED INVESTMENTS; ADOPTING THE FORM OF BOND; COVENANTING TO PROVIDE CONTINUING DISCLOSURE; PROVIDING FOR SEVERABILITY OF PROVISIONS AND REPEALING INCONSISTENT RESOLUTIONS OR PORTIONS THEREOF.”
The full text of the Resolution may be examined or inspected by any citizen at the office of the Secretary of the School District in the School District’s Administration Offices, 601 Woodland Avenue, Emporium, Pennsylvania, on any regular business day between the hours of 8:00 a.m. and 3:30 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.A. § 8001 et seq., as amended and supplemented, and the Sunshine Act, 65 Pa. C.S. §701 et seq.
CAMERON
COUNTY
SCHOOL
DISTRICT
Cameron County,
Pennsylvania