Legal Notices

THE CITY OF CHARLESTON, WEST VIRGINIA NOTICE OF PUBLIC HEARING AND ABSTRACT OF BOND ORDINANCE Notice is hereby given to any person interested that on February 18, 2020, the Council of The City of Charleston, West Virginia (the “City”) adopted an ordinance which, among other things: 1. Authorized the design, acquisition and construction of certain extensions, additions, betterments and improvements (the “Project”) to the City’s existing sewerage system (the “System”), the permanent financing of such costs thereof through the issuance of not more than $16,000,000 in aggregate principal amount of Sewerage System Revenue Bonds, in one or more series (the “Bonds”). 2. Directed that the Bonds be issued in such principal amounts, not to exceed $16,000,000, bear interest at such rate or rates, not exceeding the then legal maximum rate, mature on such dates and in such amounts and be redeemable, in whole or in part, as prescribed in a supplemental resolution. 3. Directed the disposition of the System revenues; provided for the payment of operating expenses of the System and debt service on the Bonds; directed the creation of a sinking fund and a reserve account for the Bonds; and directed the creation of a bond construction trust fund and the disbursement of Bond proceeds. 4. Provided that the Bonds shall not be or constitute a corporate indebtedness of the City within the meaning of any statutory or constitutional limitations, but shall be payable solely from the Net Revenues of the System; pledged the Net Revenues of the System to payment of the Bonds and established the rights of the registered owners of the Bonds to such Net Revenues; and 5. Provided for insurance coverage on the Project and the System, enforcement of collection of fees, rates or other charges for the System and other covenants in favor of the registered owners; and established the events of default and the remedies of the registered owners. The City contemplates the issuance of the Bonds described in, and under the conditions set forth in the Ordinance abstracted above. Any person interested may appear before the Council of The City of Charleston at a regular meeting on March 2, 2020, at 7:00 p.m., in the Council Chambers, City Hall, Charleston, West Virginia, and present protests and be heard as to whether the above-described Ordinance shall be put into effect. A certified copy of the Ordinance as adopted by the Council of City on February 18, 2020, is on file with the City Clerk for review by interested persons at the City Hall during regular office hours, to-wit: 8:00 a.m. to 4:00 p.m., Monday through Friday. /s/ Miles Cary City Clerk of The City of Charleston, West Virginia LC-88165 02-19,26;2020