HomeMy WebLinkAboutVarious PurposesUNITED STATES OF AMERICA
STATE OF NEW YORK
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
BOND ANTICIPATION NOTE FOR VARIOUS PURPOSES-1997
The Town of Southold, in tho County of Suffolk, a municipal corporation of the State of New York,
hereby a~knowledges ita¢ff indebted and for value received promises to pay to thc bearer of this Note, or if it be registered,
to the registered holder, tho sum of NINE HUNDRED THIRTY-FIVE THOUSAND DOLLARS ($935,000} on the lSth
day of September, 1998, together with interest thereon from the date hereof at the rate of three and eighty-eight
hundredths per eeatum (3.88%) per annum, payabin at maturity. Both principal of and interest on this Note will be paid
in lawful money of the United State~ of America, at The Bridgehampton National Bank, Southold Office, Southold, New
York.
At the r~lu~t of the holder, the Town Clerk shall convert this Note into a registered Note by r~glatering
it in the name of tho holder in the books of the Town kept in thc office of such Town Clerk and endorsing a certificate of
such registration hereon, aRer which both principal of and interest on this Note shall be payable only to the registered
holdcr, h~ l~gnl tvpreacotafives, successors or transferees. This Note shah then be transferable only upon presentation to
such Town C:lerk with a written transfer of title and such Town Clerk shall thereupon register this Note in the name of the
transferee in his books and shall endorse a certificate of such registration hereon. Such transfer shall be dated, end signed
by the registered holder, or his legal representatives, and it shah be duly acknowledged or proved, or in the alternative the
signatore thereto shall be eerti~ed as to its genuinceess by an officer cfa bank or trust company located and authorized to
do bnaineas in this State.
$935,000.
This Note is the only Note of an authorized combined issue, the aggregate principal amount of which
This Note is issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the
Cotuolld~ed Laws of tho State of New York, ten bond resolutions adopted by the Town Board on their respective dat~,
authorizing th~ issuance of serial bonds for various purposes, and the Certificate of Determination executed by the
Supervisor on September 18, 1997.
Th~ Note has been designated by the Town as a qualified tax-exempt obligation pursuant to the
provisions of Section 265 of the Internal Revenue Code of 1986, as amended.
The faith and credit of such Town of Southold are hereby in'evocably pledged for the punctual payment
of the principal of and interest on this Note according to its terms.
It is hereby certified and recited that aH conditions, aet~ and things requLred by the Constitution and
statutes of the State of Now York to exist, to have happened and to have been performed precedent to and in the issuance of
this Note, exlat, have happened and have been performed, and that this Note, together with aH other indebtedness of such
Town of Southold, is within ~very debt and other limit prescribed by the Constitution and laws of such State.
IN WITNESS WHEREOF, the Town of Southold has caused this Note to be signed by its Supervisor,
and its corporate seal (or a facsimile thcreo0 to be affixed, imprinted, engraved, or otherwise reproduced hereon and
attested by ~ Town Clerk and this Note to be dated as of thc 18th day of September, 1997.
TOWN OF SOUTHOLD
(SEAL)
Supervisor
ATTEST:
~ ' -~rown Clerk
COMBINED IN 1997 - $935,000 VARIOUS PURPOSES BOND ANTICIPATION NOTE
(Sept. 18, 1997)
UNITED STATES OF AMERICA
STATE OF NEW YORK
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
BOND ANTICIPATION NOTE FOR VARIOUS PURPOSES-1996
The Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York,
hereby acknowledges itself indebted and for value received promises to pay to the bearer of this Note, or if it be registered.
to the registered holder, the sum of THREE HUNDRED SIXTY-SIX THOUSAND DOLLARS ($366,000) on the 18th
day of September, 1997, together with interest thereon from the date hereof at the rate of three and ninety hundredths
per eentum (3.90%) per annum, payable at maturity, of and interest on this Note will be paid in lawful
money of the United States of America, at the office, Town of Southold, 53095 Main Road,
Southold, New York.
At the request of the holder, the Town t
it in the name of the homer in the
such registration hereon, aider which both
holder, his legal representatives,
such Town Clerk with a
transferee in his books and shall endorse a
by the registered holder, or his
signature thereto shah be certified as to its
do business in this State.
registered Note by
a certificate of
upon presentation to
Note in the name of the
shall be dated, and signed
or in the alternative the
located and authorized to
This Note is the,
which is $366,000.
issue, the aggregate principal amount of
This Note i
authorizing the issuance of s~
Supervisor on November 1, 1996
uonstitutin
the Town Board on their respective dates,
executed by the
provisions of:
tax-exempt obligation pursuant to the
The faith and
of the principal of and interest on this
are hereby irrevocably pledged for the punctual payment
to its terms.
It is hereby certified and:
statutes of the State of New York to exist, to
this Note, exist, have happened and
Town of Southold, is within every
' the Constitution and
to and i~l thc isstianc¢
~, together with all other indebtedness of such
limit prescribed by the Constitution and laws of such State.
IN WITNESS WIIEREOF, the Town of Southold has caused this Note to be signed by its Supervisor,
and its corporate seal (or a facsimile thereol) to be affmed, imprinted, engraved, or otherwise reproduced hereon and
attested by its Town Clerk and this Note to be dated as of the 1st day of November, 1996.
TOWN OF SOUTHOLD
(SEAL)
ATTEST:
AFFIDAVIT AS TO NO CONFLICT OF INTEREST
STATE OF NEW YORK )
:SS:
COUNTY OF SUFFOLK )
Judith T. Terry, being duly sworn upon her oath
deposes and says:
1. I am the duly appointed, qualified and acting Town
Clerk of the Town of Southold, in the County of Suffolk, New York
(herein and in Schedule A annexed hereto called "Town");
2. That with respect to the contract of sale of the
Note of the Town described in the Certificate of Determination
executed by the Supervisor on the 1st day of November, 1996, to
the financial institution indicated in such Certificate, I have
made a careful inquiry of each officer and employee of the Town
having the power or duty to (a) negotiate, prepare, authorize or
approve the contract or authorize or approve payment thereunder,
(b) audit bills or claims under the contract, or (c) appoint an
officer or employee who has any of the powers or duties set forth
above, as to whether or not such officer or employee has an
interest (as defined pursuant to Article 18 of the General
Municipal Law) in such contract;
3. That upon information and belief, as a result of
such inquiry, no such officer or employee has any such interest
in said contract unless otherwise noted in Schedule A annexed
hereto and by this reference made a part hereof.
Town Clerk ~
Subscribed and sworn to before me
this 1st day of November, 1996.
Notary P~blic, ~State of New York
UNDA J. COOPER
NotaW Public, State of New Yerl~
No. 4f~22563, Suffolk County
151020.1 015832 CERT
SCHEDULE A
1. , is a stockholder of the Purchaser
owning or controlling, directly or indirectly, less than five per
centum (5%) of the outstanding stock thereof but no disclosure of
such interest by said officer is required pursuant to said Law.
2. , has an interest in the Purchaser
solely by reason of employment as an officer or employee thereof,
but the remuneration of such employment will not be directly
affected as a result of said contract and the duties of such
employment do not directly involve the procurement, preparation
or performance of any such part of such contract.
3. , has publicly disclosed the
nature and extent of such interest in writing to the governing
board of the Town. Such written disclosure has been made a part
of and set forth in the official record of proceedings of the
Town.
151020.1 015832 CERT
CERTIFICATES AS TO SIGNATURES, LITIGATION,
AND DELIVERY AND PAYMENT
WE, the undersigned officers of the Town of Southold,
in the County of Suffolk, a municipal corporation of the State of
New York and herein referred to as the "Town", HEREBY CERTIFY
that on or before November 1, 1996, we officially signed and
properly executed by manual signatures the $366,000 Bond
Anticipation Note for Various Purposes-1996 (the "Note") of the
Town, payable to bearer and otherwise described in Schedule A
annexed hereto and by this reference made a part hereof, and that
at the time of such signing and execution and on the date hereof
we were and are the duly chosen, qualified and acting officers of
the Town authorized to execute said Note and holding the
respective offices indicated by the titles set opposite our
signatures hereto for terms expiring on the respective dates set
opposite such titles.
WE FURTHER CERTIFY that no litigation of any nature is
now pending or threatened restraining or enjoining the issuance
or delivery of said Note or the levy or collection of any taxes
to pay the interest on or principal of said Note, or in any
manner questioning the authority or proceedings for the issuance
of said Note or for the levy or collection of said taxes, or
relating to said Note or affecting the validity thereof or the
levy or collection of said taxes, that neither the corporate
existence or boundaries of the Town nor the title of any of the
present officers thereof to their respective offices is being
contested, and that no authority or proceedings for the issuance
of said Note has or have been repealed, revoked or rescinded.
WE FURTHER CERTIFY that the seal which is impressed
upon this certificate has been affixed, impressed, imprinted or
otherwise reproduced upon said Note and is the legally adopted,
proper and only official corporate seal of the Town.
And, I, Jean W. Cochran, Supervisor, HEREBY FURTHER
CERTIFY that on November 1, 1996, I delivered, or caused to be
delivered, said Note to Fleet Bank, Southold, New York, the
purchaser thereof, and that at the time of such delivery of said
Note, I received from said purchaser the amount hereinbelow
151020.1 015832 CERT
stated,
in full payment for said Note, computed as follows:
Price ............................... $366,000
Interest on said Note accrued to the
date of such delivery ............. -0-
Amount Received .....................
$366,000
IN WITNESS WHEREOF, we have hereunto set our hands and
said corporate seal has hereunto been affixed this 1st day of
November, 1996.
Signature
Term of Office
Expires Title
~...~...~December 31, 1997
'~~~December 31, 1997
Supervisor
Town Clerk
(SEAL)
I HEREBY CERTIFY that the signatures of the officers of
the above-named Town, which appear above, are true and genuine
and that I know said officers and know them to hold the
respective offices set opposite their signatures.
(Title~
of
(Name of Bank)
151020.I 015832 CERT
ATTORNEY'S CERTIFICATE
I, Laury L. Dowd, HEREBY CERTIFY that I am a licensed
attorney at law of the State of New York, having offices at 53095
Main Road, Southold, New York, and I am the duly chosen,
qualified and acting Town Attorney of the Town of Southold, in
the County of Suffolk, a municipal corporation of the State of
New York and herein referred to as the "Town", that no litigation
of any nature is now pending or threatened restraining or
enjoining the issuance or delivery of the Note of the Town,
payable to bearer and otherwise described as set forth in
Schedule A annexed hereto and by this reference made a part
hereof or the levy or collection of any taxes to pay the interest
on or principal of said Note, or in any manner questioning the
authority or proceedings for the issuance of said Note or for the
levy or collection of said taxes, or relating to said Note or
affecting the validity thereof or the levy or collection of said
taxes, that neither the corporate existence or boundaries of the
Town nor the title of any of the present officers thereof to
their respective offices is being contested, and that no
authority or proceedings for the issuance of said Note has or
have been repealed, revoked or rescinded.
IN WITNESS WHEREOF,
I have hereunto set my hand this
1st day of November, 1996.
AttOrney
151020.1 015832 CERT
SCHEDULE A
Amount and Title:
Dated:
Matures:
Number and
Denomination:
Interest Rate
per annum:
$366,000 Bond Anticipation Note for
Various Purposes-1996
November 1, 1996
September 18, 1997
Number 3R-l, at $366,000
3.90%
151020.1 015832 CERT
CERTIFICATE OF DETERMINATION BY THE SUPERVISOR
RELATIVE TO AUTHORIZATION, SALE, ISSUANCE, FORM
AND CONTENTS OF THE $366,000 BOND ANTICIPATION
NOTE FOR VARIOUS PURPOSES-1996 OF THE TOWN OF
SOUTHOLD, NEW YORK.
I, Jean Wo Cochran, Supervisor of the Town of Southold,
New York (herein called the "Town"), HEREBY CERTIFY that pursuant
to the powers and duties delegated to me, the chief fiscal
officer of the Town, by the Town Board of the Town, pursuant to
the bond resolutions duly adopted and as referred to in
paragraphs 1 to 7, inclusive, hereof, and subject to the
limitations prescribed in said bond resolutions, I have made the
following determinations:
1. A bond anticipation note of the Town in the
principal amount of $109,500 shall be issued to renew, in part,
the $164,326 bond anticipation note dated November 3, 1995,
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted August 24, 1993, authorizing the
purchase of a tub grinder for use by said Town,
stating the estimated maximum cost thereof is
$256,100, appropriating said amount therefor and
authorizing the issuance of $256,100 serial bonds
of said Town to finance said appropriation,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $164,326 bond
anticipation note having been heretofore provided to the extent
of $54,826 from a source other than the proceeds of serial bonds.
2. A bond anticipation note of the Town in the
principal amount of $5,900 shall be issued to renew, in part, the
$8,926 bond anticipation note dated November 3, 1995, maturing
November 1, 1996, and heretofore issued in anticipation of the
sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted August 24, 1993, authorizing the
purchase of a stump buster for use by said Town,
stating the estimated maximum cost thereof is
$13,900, appropriating said amount therefor and
authorizing the issuance of $13,900 serial bonds
of said Town to finance said appropriation,,,
duly adopted by the Town Board on the date therein referred to,
I51020.1 015832 CERT
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $8,926 bond
anticipation note having been heretofore provided to the extent
of $3,026 from a source other than the proceeds of serial bonds.
3. A bond anticipation note of the Town in the
principal amount of $43,000 shall be issued to renew, in part,
the $64,500 bond anticipation note dated November 3, 1995,
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted April 20, 1993, authorizing the
preparation of preliminary plans, specifications
and estimates necessary for the improvement of the
Town's yard waste composting operations, in
connection with an intermunicipal agreement to be
executed with the Towns of Huntington and
Smithtown, stating the estimated maximum cost
thereof is $175,000, appropriating said amount
therefor and authorizing the issuance of $175,000
serial bonds of said Town to finance said
appropriation,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $64,500 bond
anticipation note having been heretofore provided to the extent
of $21,500 from a source other than the proceeds of serial bonds.
4. A bond anticipation note of the Town in the
principal amount of $105,600 shall be issued to renew, in part,
the $140,800 bond anticipation note dated November 3, 1995,
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted February 24, 1994, authorizing, for
use by the Town Highway Department, the purchase
of (1) a three yard payloader at the estimated
maximum cost $78,500 and (2) a street sweeper at
the estimated maximum cost of $106,500, stating
the estimated total cost thereof is $185,000,
appropriating said amount therefor, authorizing
the issuance of $185,000 serial bonds of said Town
to finance said appropriation and authorizinq the
proceeds of sale of the Town's existing payloader
and street sweeper to be applied to said cost,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $140,800 bond
151020.1 015832 CERT
anticipation note having been heretofore provided to the extent
of $35,200 from a source other than the proceeds of serial bonds.
5. A bond anticipation note of the Town in the
principal amount of $50,000 shall be issued to renew, in part,
the $120,000 bond anticipation note dated November 3, 1995,
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted May 16, 1994, authorizing the
partial reconstruction of the lighting and the
heating and/or ventilating systems in the Town
Hall, the Police Headquarters and the Human
Resources Center, stating the estimated maximum
cost thereof is $150,000, appropriating said
amount therefor, authorizing the issuance of
$150,000 serial bonds of said Town to finance said
appropriation and stating that any matching State
grants for energy conservation received by the
Town will be expended for the costs of such
reconstruction or payment of principal of and
interest on such bonds,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $120,000 bond
anticipation note having been heretofore provided to the extent
of $70,000 from a source other than the proceeds of serial bonds.
6. A bond anticipation note of the Town in the
principal amount of $27,000 shall be issued to renew, in part,
the $36,000 bond anticipation note dated November 3, 1995,
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted September 6, 1994, authorizing the
construction of road improvements in the Town,
appropriating $50,000 therefor, and authorizing
the issuance of $50,000 serial bonds of said Town
to finance said appropriation,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $36,000 bond
anticipation note having been heretofore provided to the extent
of $9,000 from a source other than the proceeds of serial bonds.
7. A bond anticipation note of the Town in the
principal amount of $25,000 shall be issued to renew, in part,
the $81,448 bond anticipation note dated November 3, 1995,
151020.1 015832 CERT
maturing November 1, 1996, and heretofore issued in anticipation
of the sale of the serial bonds authorized pursuant to the bond
resolution entitled:
"Bond Resolution of the Town of Southold, New
York, adopted August 8, 1995, authorizing the
construction of permanent improvement of highways
in the Town, known as Land's End Road, Latham Lane
and an unnamed stub road, appropriating $81,448
therefor, and authorizing the issuance of $81,448
serial bonds of said Town to finance said
appropriation,"
duly adopted by the Town Board on the date therein referred to,
and the Certificate of Determination executed by the Supervisor
on November 3, 1995, the redemption of said $81,448 bond
anticipation note having been heretofore provided to the extent
of $56,448 from a source other than the proceeds of serial
bonds.
8. Said $109,500 note, said $5,900 note, said $43,000
note, said $105,600 note, said $50,000 note, said $27,000 note
and said $25,000 note shall be combined for the purpose of sale
into a single note issue in the aggregate principal amount of
$366,000 (hereinafter referred to as the "Note").
as follows:
The terms, form and details of said Note shall be
Amount and Title:
$366,000 Bond Anticipation Note for
Various Purposes-1996
Dated: November 1, 1996
Matures:
September 18, 1997
Number and
Denomination:
Number 3R-l, at $366,000
Interest Rate
per annum:
3.90%
Form of Note:
Substantially in accordance with
form prescribed by Schedule B, 2 of
the Local Finance Law of the State
of New York.
10. The amount of bond anticipation notes originally
issued in anticipation of the issuance of serial bonds authorized
pursuant to the bond resolutions referred to in paragraphs 1 to
8, inclusive, hereof, including the Note, is, respectively, (1)
$256,100, (2) $13,900, (3) $175,000, (4) $176,000, (5) $150,000,
(6) $50,000 and (7) $81,448, and the amount of bond anticipation
notes which will be outstanding after the issuance of the Note,
151020.1 015832 CERT
including said Note, will be, respectively, (1) $109,500, (2)
$5,900, (3) $43,000, (4) $105,600, (5) $50,000, (6) $27,000 and
(7) $25,o0o.
11. The serial bonds authorized pursuant to the
resolutions referred to in paragraphs 1 to 5, inclusive, hereof,
are for improvements which are non-assessable, and the serial
bonds authorized pursuant to the resolutions referred to in
paragraphs 6 and 7, hereof, are for improvements which are
assessable.
12. Pursuant to said powers and duties delegated to
me, I DO HEREBY AWARD AND SELL said Note to Fleet Bank, Southold,
New York, for the purchase price of $366,000, plus accrued
interest, if any, from the date of said Note to the date of
delivery thereof and payment therefor, and I FURTHER DETERMINE
that said Note shall be payable as to both principal and interest
at the office of the Town Clerk, Town of Southold, 53095 Main
Road, Southold, New York, and shall bear interest at the rate of
three and ninety hundredths per centum (3.90%) per annum, payable
at maturity.
13. Said Note shall be executed in the name of the
Town by its Supervisor and the corporate seal of the Town (or a
facsimile thereof) shall be affixed, imprinted, engraved or
otherwise reproduced thereon and attested by its Town Clerk.
I HEREBY FURTHER CERTIFY that the powers and duties
delegated to me to issue and sell the Note hereinabove referred
to are in full force and effect and have not been modified,
amended or revoked.
IN WITNESS WHEREOF, I have hereunto set my hand this
1st day of November, 1996.
~~S~pervisor
151020.1 015832 CERT
CLERK'S CERTIFICATE
I, Judith T. Terry, Town Clerk of the Town of Southold,
in the County of Suffolk, New York, HEREBY CERTIFY that I have
compared the foregoing copy of the Certificate of Determination
executed by the Supervisor and the same is a true and complete
copy of the Certificate filed with said Town in my office as Town
Clerk on the 1st day of November, 1996; and
I FURTHER CERTIFY that no resolution electing to
reassume any of the powers or duties mentioned in said
Certificate and delegated to the Supervisor by the resolutions
cited in said Certificate has been adopted by said Town Board.
IN WITNESS WHEREOF,
I have hereunto set my hand and
affixed the corporate seal of said
Town this 1st day of November,
1996.
(SEAL)
Town Clerk
151020.1 015832 CERT
ARBITRAGE AND USE OF PROCEEDS CERTIFICATE
I, Jean W. Cochran, Supervisor of the Town of Southold,
in the County of Suffolk, New York (the "Issuer"), HEREBY CERTIFY
and reasonably expect with respect to the issuance of the
Issuer's $366,000 Bond Anticipation Note for Various Purposes-
1996, being a combined issue of bond anticipation notes
authorized in anticipation of the sale of serial bonds pursuant
to eight (8) bond resolutions (hereinafter referred to as the
"Note" or "Notes"), dated November 1, 1996, and maturing on
September 18, 1997, as follows:
Unless the context clearly requires otherwise, all
capitalized terms used but not otherwise defined herein shall
have the meanings set forth in Article II hereof or in the
Resolutions, the Code or the Regulations (each as defined below).
ARTICLE I
General
1.1. Authority of Siqnatory. I am an officer of the
Issuer charged with the responsibility for the execution,
delivery, and issuance of the Note and am acting for and on
behalf of the Issuer in signing this certificate.
1.2. Purpose of Certificate. This certificate is made
for the purpose of establishing evidence of the expectations of
the Issuer as of the date hereof as to future events regarding
the amount and use of proceeds of the Note. It is intended and
may be relied upon for purposes of Sections 103 and 148 of the
Internal Revenue Code of 1986, as amended (the "Code"), and as a
certification described in Section 1.148-2(b) (2) of the Treasury
Regulations (the "Regulations,,). This certificate is executed
and delivered as part of the record of proceedings in connection
with the issuance of the Note. The provisions of this
certificate constitute a contractual obligation of the Issuer in
consideration for the purchase of and payment for the Note by the
purchaser(s) thereof.
1.3. Reasonable Expectations. This certificate sets
forth the facts, estimates and circumstances now in existence
which form the basis for the Issuer's expectation that the
proceeds of the Note will not be used in a manner that would
cause the Note to be an arbitrage bond under Section 148 of the
Code or a private activity bond under Sections 103 and 141 of the
Code. To the best of my knowledge and belief, such expectation
is reasonable and there are no other facts, estimates or
circumstances that would materially change that expectation.
1.4. ~o Composite Issue. No other governmental
151020.1 015832 CERT
obligations have been sold fewer than 15 days prior to, or will
be sold fewer than 15 days after, the sale date of the Note,
pursuant to a common plan of financing which are expected to be
paid from substantially the same source of funds as the Note.
1.5 No Federal Guarantee. The Issuer represents and
covenants that, except for the gross proceeds of the Note which
are: (a) invested during the temporary period referred to in
Article III, (b) held in any refunding escrow or (c) invested in
obligations of the United States Treasury or in obligations
issued pursuant to Section 2lB(d) (3) of the Federal Home Loan
Bank Act, as amended by Section 511(a) of the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, or any
successor provision to Section 2lB(d) (3) of the Federal Home Loan
Bank Act, as amended:
(i) No portion of the payment of principal or interest
with respect to the Note is or will be guaranteed directly or
indirectly by the United States or any agency or instrumentality
thereof (herein "federally guaranteed,,); and
(ii) No portion of the gross proceeds of the Note in
excess of five percent of such gross proceeds is or will be
(A) used in making loans the payment of principal or interest
with respect to which is to be federally guaranteed, or
(B) invested directly or indirectly in federally insured deposits
or accounts.
1.6. ~ax Representation. The Issuer expects to be able
to and will comply with all the procedures and provisions set
forth herein, and will do and perform all acts and things
necessary and desirable within its reasonable control in order to
assure that interest paid on the Note shall be excluded from
gross income of the owners thereof for the purpose of federal
income taxation.
1.7. Additional Information. The Issuer will provide
such other information as may be required to assure the exclusion
from gross income of interest on the Note for federal income
taxation purposes.
1.8. Non-Purpose Investments. Not more than 50% of the
proceeds of the Note are being invested in investments not
acquired to carry out the governmental purposes of the issue at a
guaranteed yield and having a term of 4 years or more.
1.9 IRS Information Reporting. The Issuer will make a
timely filing of the appropriate IRS Form 8038-G or 8038-GC.
15~020.1 015832 CERT
ARTICLE II
Use of Project and Proceeds
2.1. Authorization. (a) The Note is authorized to be
issued pursuant to applicable provisions of the laws of the State
of New York and various bond resolutions adopted by the Town
Board on their respective dates (the "Resolutions"), as referred
to in the Certificate of Determination executed by the Supervisor
on November 1, 1996.
(b) For purposes of this Article II the term
"proceeds" means the net amount (after payment of all costs and
expenses associated with issuing the Note) received by the Issuer
from the sale of the Note, excluding accrued interest.
2.2. Purpose of Issue. The Note is being issued to
provide funds for various purposes in and for the Town ("the
Project"), as further described in the Resolutions.
2.3. Use of Proceeds. The proceeds of sale of the
Note will be used, together with other available funds in the
amount of $254,000, to redeem a prior issue of bond anticipation
notes which mature on November 1, 1996, in the principal amount
of $620,000 (the "Prior Issue"), heretofore issued to finance the
Project.
2.4. Ownership/Lease/Sale. The Project will be owned
by the Issuer or another state or local governmental unit and
will not be leased to any person who is not a state or local
governmental unit. It will not (except to the extent that any of
the projects financed involve grants) be sold or otherwise
disposed of, in whole or in part, except for incidental sales of
surplus items the proceeds of which will not constitute net
operating profits or net capital profits to the Issuer, prior to
the maturity date of the Note.
2.5. Private Loans. Not more than the lesser of 5
percent or $5,000,000 of the proceeds of the Note will be used
directly or indirectly to make loans to persons other than a
governmental unit.
2.6. Private Use. The aggregate amount of proceeds of
the Note used directly or indirectly in a trade or business
carried on by a person other than a state or local governmental
unit ("Private Use"), will not exceed 10% of such proceeds in the
event that more than 10% of the principal or 10% of the interest
due on the Note during the term thereof is, under the terms of
the Note or any underlying arrangement, directly or indirectly,
secured by any interest in property used or to be used for a
Private Use or in payments in respect of property used or to be
used for a Private Use or is to be derived from payments, whether
151020.1 015832 CERT
or not to the Issuer, in respect of property or borrowed money
used or to be used for a Private Use.
2.7. Unrelated/Related Disproportionate Usn. No more
than 5% of the proceeds of the Note will be used directly or
indirectly in the trade or business of a person other than a
governmental unit that is unrelated or related and
disproportionate to the governmental use of the property being
financed, including any private loan financing described in
Section 2.5 which meets this test. For purposes of this
Arbitrage and Use of Proceeds Certificate, proceeds of the Note
are allocable to an unrelated Private Use if such use is neither
directly nor operationally related to a governmental use and
proceeds of the Note are allocable to a disproportionate related
Private Use to the extent that the proceeds of the Note which are
to be used to finance property used by a nongovernmental person
in a trade or business which is related to the governmental use
of the property referred to in Section 2.6 above, exceeds the
proceeds of the Note which are to be used for the governmental
use to which such Private Use relates.
2.8. Other Private Uses Defined. For purposes of
Section 2.6 and 2.7, a Private Use consists of any contract or
other arrangement including, without limitation, leases,
management contracts, guarantee contracts, take or pay contracts,
or put or pay contracts, which provides for a use of the Projects
by a person or persons who are not State or local governments on
a basis different than the general public. Any management, or
operations contract or agreement which provides for
nongovernmental use will provide for reasonable compensation
which is in no part based on net profits and will satisfy the
provisions of (a), (b) or (c) below:
(a) for contracts which provide compensation for each
annual period based on a periodic fixed fee, a capitation fee or
combination thereof, (i) the contract has a term (including
renewal options) not exceeding five years; (ii) the issuer may
terminate the contract, without penalty, at the end of any three
year period, and (iii) at least 50% of the compensation paid is
on a periodic, fixed fee basis;
(b) for contracts entered into or materially modified
(other than pursuant to a renewal option) after March 15, 1993,
which provide compensation based on a per unit fee or a
combination per unit and periodic fixed fee, (i) the contract has
a term (including renewal options) not exceeding three years;
(ii) the issuer may terminate such contract (without penalty) at
the end of the second year of the term, and (iii) the amount of
the per unit fee is specified in the contract or otherwise
limited by the qualified user or a third party;
(c) for contracts entered into or materially modified
151020.1 015832 CERT
(other than pursuant to a renewal option) after March 15, 1993,
which provide compensation based on a percentage of fees charged,
(i) the contract has a term (including renewal options) not
exceeding two years, (ii) the issuer may terminate the contract
(without penalty) at the end of the first year, and (iii) the
service provider primarily provides services to third parties or
the contract involves a facility during an initial start-up
period;
(d) For purposes of this Section 2.8:
(i)
"capitation fee" means a fixed periodic amount
paid under a management contract or agreement for
each person for whom the service provider assumes
the responsibility to provide all needed services
for a specified period, provided the quantity and
type of services actually provided vary
substantially;
(ii)
"periodic fixed fee" means a stated dollar amount
for services rendered during a specified period of
time (i.e. SXX per month) which amount may
automatically increase according to a specified,
objective, external standard; and
(iii)
"per unit fee" means a stated dollar amount for
each unit of service provided (i.e. SXX per
medical procedure).
2.9. Pooled Loan Financings. To the extent the amount
of proceeds of the Note to be used to make loans to any borrowers
(including loans referred to in Section 2.5 above and loans to
state or local governmental units) exceeds $5,000,000, at least
95% of the net proceeds of the issue (as defined in Section 150
of the Code but without including proceeds used to finance costs
of issuance or capitalized interest) that are to be used to make
loans, will have been used within 3 years of the date hereof to
make such loans. The payment of legal and underwritinq costs is
not contingent and at least 95% of the reasonably expected legal
and underwriting costs associated with issuance will be paid
within 180 days of the date hereof.
2.10. Output Facilities. No more than 5% of the
proceeds of the Note are to be used with respect to any output
facility (other than a facility for the furnishing of water). No
more than the lesser of $5,000,000 or 5% of the proceeds of the
Note are to be used (directly or indirectly) for the acquisition
of a nongovernmental output facility.
151020.1 015832 CERT
ARTICLE III
Arbitraqe/Rebate Exemption
3.1. Temporary Period-Refundinq. With respect to the
proceeds of the Note allocable to the Prior Issue, such proceeds
may be invested without restriction as to yield during the three-
year temporary period commencing on the date hereof, because:
(a) Ail of the proceeds of the Prior Issue have been
expended, or any such proceeds which have not been expended as of
the date hereof, shall become transferred proceeds of this issue.
Such transferred proceeds may be invested without restriction as
to yield until three years after the date of original issuance of
the Prior Issue. If any transferred proceeds remain unexpended
after three years after the date of original issuance of the
Prior Issue, such proceeds will be invested at a yield not in
excess of the yield on the Note.
(b) The proceeds of the Note will be used to refund
the Prior Issue within 90 days of the date hereof, and may be
invested during such time without restriction as to yield.
3.2. Rebate. (a) The Prior Issue was not subject to
the rebate requirement imposed by Section 148 of the Code because
at the time of original issuance of the first note or notes
issued pursuant to the Resolution, in renewal of which the Prior
Issue and/or the Note are issued:
(i) the Issuer was a governmental unit with general
taxing powers;
(ii)
the Prior Issue did not constitute a "private
activity bond" as that term is defined in Section
141 of the Code;
(iii)
ninety-five percent or more of the net proceeds of
the sale of the Prior Issue was used for local
governmental activities of the Issuer; and
(iv)
the Issuer (including all agencies,
instrumentalities and political subdivisions of
the Issuer) reasonably expected that the aggregate
face amount of all tax-exempt bonds issued by the
Issuer during the calendar year in which the Prior
Issue was issued would not exceed $5,000,000. For
purposes of such determination, no tax-exempt
obligation was taken into account if it was a
current refunding obligation issued in the
~alendar year in which the Prior Issue was being
issued which does not exceed the outstanding
(redeemed) principal amount of the obligation to
1510201 015832 CERT
be refunded.
(b) The Note is not subject to the rebate requirement
imposed by Section 148 of the Code because all of the proceeds of
such Note will be expended to pay the Prior Issue within 90 days
of the date hereof and will, therefore, qualify for the six-month
expenditure exception to rebate.
3.3. No Excess Proceeds. The total proceeds of sale
of all bond anticipation notes issued to date for the Project do
not exceed the total cost of the Project.
3.4. Source of Repayment Funds. The Note will be paid
from taxes and the proceeds of other obligations of the Issuer
issued to fund the Note.
3.5. Debt Service Fund. The taxes used to pay
principal and interest on the Note, whether or not deposited in a
debt service fund, will be expended within 13 months of the date
of deposit in such fund, or the date of their accumulation, in
the payment of debt service on the Note. Any amounts received
from the investment of such deposit or accumulation will be
expended within one year of receipt. The debt service fund, if
any, will be used to achieve a proper matching of revenues and
debt service and will be depleted at least annually except for a
reasonable carryover amount will not exceed the greater of the
earnings on such fund for the immediately preceding year or one-
twelfth of the debt service on the Note for the immediately
preceding year.
3.6. Sinkinq Funds. Except for the debt service fund
described herein the Issuer has not created or established, and
does not expect to create or establish, any sinking fund or other
similar fund which the Issuer reasonably expects to use to pay
principal or interest on the Note.
ARTICLE IV
Bank Qualification
4.1. Desiqnation. The Note is hereby designated as a
"qualified tax-exempt obligation" pursuant to the provisions of
Section 265 of the Code. In making such designation it has been
determined that:
(i) the Note currently refunds the Prior Issue;
(ii) the Prior Issue was designated as a "qualified
tax-exempt obligation,,;
(iii) the aggregate face amount of the Note does not
151020.1 015832 CERT
exceed $10,000,000;
(iv) the Prior Issue had a weighted average maturity of
3 years or less;
(v)
the maturity date of the Note, as measured from
the original date of issuance of the notes issued
pursuant to the Resolution, in renewal of which
such Note is being issued, does not exceed 30
years; and
(vi)
not more than $10,000,000 of obligations issued by
the Issuer during the calendar year in which the
Prior Issue was issued were designated by the
Issuer as "qualified tax-exempt obligations.',
IN WITNESS WHEREOF,
I have hereunto set my hand and
affixed the corporate seal of the
Town of Southold this 1st day of
November, 1996.
Supervisor
151020.I 015832 CERT
UNITED STATES OF AMERICA
STATE OF NEW YORK
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
PAID
2O66
THE BRIDGEHAMPTON NATIONAL I
BR1DGEHAMPTON, NY
BOND ANTICIPATION NOTE FOR VARIOUS PURPOSES-1995
The Town of Southold, in the County of Suffolk, a municipal corporation of th
hereby acknowledges itself indebted and for value received premises to pay to the bearer of this Note, or if it be registered,
to the registered holder, the sum of SIX HUNDRED TWENTY THOUSAND DOLLARS ($620,000) on the 1st day of
November, 1996, together with interest thereon from the date hereof at the rate of three and ninety-six hundredths per
centum (3.96%) per annum, payable at maturity. Both principal of and interest on this Note will be paid in lawful money
of the United States of America, at Bridgehampton National Bank, Southold, New York.
At the request of the holder, the Town Clerk shah convert this Note iato a registered Note by registering
it in the name of the holder in the books of the Town kept in the office of such Town Clerk and endorsing a certificate of
such :egistratinn hereon, alter which both principal of and interest on this Note shall be payable only to the registered
holder, his legal representatives, successors or transferees. This Note shah then be transferable only upon presentation to
such Town Clerk with a written transfer of title and such Town Clerk shall thereupon register this Note in the name of the
transferee in his books and shah endorse a certificate of such registration hereon. Such transfer shall be dated, and signed
by the registered holder, or his legal representatives, and it shall be duly acknowledged or preyed, or in the alternative the
signature thereto shah be certiHed as to its genuineness by an officer of a bank or trust eompeny located and authorized to
do business in this State.
This Note is the only Note of an authorized combined renewal issue, the aggregate prlncipe] amount of
000,
This Note is issued pursuant to the previsions of the Local Finance Law, constituting Chapter 33-a of the
Consolidated Laws of the State of New York, eight bond resolutions adopted by the Town Board on their respective dates,
authorizing the issuance of serial bonds for various purposes, and the Certificate of Determination executed by the
Supervisor on November 3, 1995.
This Note has been designated by the Town as a qualified tax-exempt obligation pursuant to the
'sions of Section 265 of the Internal Revenue Code of 1986, as amended.
The faith and credit of such Town of Southold are hereby irrevocably pledged for the punctual payment
of the principal of and interest on this Note aeeerding to its terms.
It is hereby certified and recited that ali conditions, acts and things required by the Constitution and
statutes of the State of New York to exist, to have happened and to have been performed precedent to and in the issuance of
this Note, exist, have happened and have been performed, and that this Note, together with all other indebtedness of such
Town of Southold, is within every debt and other limit prescribed by the Constitution and laws of such State.
IN WIT.~SS WHEREOF, the To;~.'n of Southold has caused this Note to be signed by its Supervisor,
and its corporate seal (or a facsimile thereof) to be afltxed, imprinted, aj~ed, or otherwise repredueed hereon and
~ November, 1995.
attested by its Town Clerk and this Note to be dated as of the 3rd da3
T£
(SEAL) By
F
Supervisor /
ATTEST:
Town CT~rk ~
EXTP~ACT OF MINUTES
Meeting of the Town Board of the Town of Southold,
New York
in the County of Suffolk,
August 8, 1995
A regular meeting of the Town Board of the Town of
Southold, in the County of Suffolk, New York, was held at the
Town Hall, Southold, New York, on August 8, 1995 at 4:30
o'clock P.M. (Prevailing Time).
There were present:
Councilmen:
Hon. Thomas H. Wickham,
and
Joseph J. Lizewski
Alice J. Hussie
Joseph L. Townsend, Jr.
Ruth D. Oliva
Justice Louisa P. Evans
Supervisor;
There were absent: None
Also present:
Councilman Townsend
and moved its adoption:
Judith T. Terry, Town Clerk
Laury L. Dowd, Town Attorney
offered the following resolution
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,
ADOPTED AUGUST 8, 1995, AUTHORIZING THE
CONSTRUCTION OF PERMANENT IMPROVEMENT OF HIGHWAYS
IN THE TOWN, KNOWN AS LAND'S END ROAD, LATHAM LANE
AND AN UNNAMED STUB ROAD, APPROPRIATING $81,448
THEREFOR, AAID AUTHORIZING THE ISSUANCE OF $81,448
SERIAL BONDS OF SAID TOWN TO FINANCE SAID
APPROPRIATION.
Recitals
WHEREAS, following submission of a written petition for
the permanent improvement of highways in the Town of Southold,
Suffolk County, New York
known as Land's End Road,
in the Tow~ of Southold,
(hereinafter referred to as the "Town",
Latham Lane and an unnamed stub road,
and shown and designated on the certain
map entitled "Map of Land's End at Orient Point," filed in the
Office of the Clerk of the County of Suffolk as Map number 5909,
and mo~e particularly described by metes and bounds in the
"Resolution For Street Improvement" adopted by the Town Board of
said Town on July tl, 1995 and filed in the Office of the
Southold Town Clerk, using a permanent pavement on such portions
of said highways as shown on said Map, including the construction
of such curbs, gutters, catch basins and drainage facilities as
may be necessary and stating the maximum amount proposed to be
expended therefor; and
WHEREAS, such petition has been duly signed by the
owners of real estate fronting or abutting upon either side of
NY1 114073 1 016287 RES
said highway to the extent of at least one-half of the entire
frontage or bounds on both sides of said highway; and such
petition was also duly signed by resident owners owning not less
than one-half of the frontage owned by resident owners residing
in or along such highway, and such petition was duly acknowledged
or proved by all the signers thereof in the same manner as a deed
to be recorded; and
WHEREAS, after a public hearing duly called and held,
the Town Board of the Town determined, pursuant to said
"Resolution For Street Improvement," that it is in the public
interest to construct such improvements described in the
petition, and directed that such highways be so improved;
Now, therefore, be it
RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN
THE COUNTY :OF SUFFOLK, NEW YORK, (by the favorable vote of not
less than ~wo-thirds of all the members of said Town Board) AS
FOLLOWS:
Section 1.
of Land's End Road,
The Town hereby authorizes the improvement
Latham Lane and an unnamed stub road, Town
highways in the Town, by the paving thereof, using a permanent
pavement and the construction of such curbs, gutters, catch
basins and drainage facilities as may be necessary, all as more
fully referred to and described in the Recitals hereof. The
estimated maximum cost of said specific object or purpose,
including preliminary costs and costs incidental thereto and to
the financing thereof, is $81,448 and said amount is hereby
appropriated therefor. The plan of financing includes the
NY1 114073.1 016287 RES
issuance of $81,448 serial bonds of the Town to finance said
appropriation, and the assessment, levy and collection upon the
several lots and parcels of land within the Town which the Town
Board shall determine and specify to be especially benefited by
said improvement, so much upon and from each as shall be in just
proportion to the amount of benefit which the improvement shall
confer upon the same, to pay the principal of said bonds and the
interest thereon as the same shall become due and payable.
Section 2. Serial bonds of the Town in the principal
amount of $81,448 are hereby authorized to be issued pursuant to
the provisions of the Local Finance Law, constituting Chapter 33-
a of the Consolidated Laws of the State of New York (herein
called "Law"), to finance said appropriation.
Section 3. The following additional matters are hereby
determined~and declared:
(a) The period of probable usefulness of the specific
object or purpose for which said $81,448 serial bonds authorized
pursuant to this resolution are to be issued, within the
limitations of Section 11.00 a. 20 (c) of the Law, is fifteen
(15) years.
(b) The proceeds of the bonds herein authorized and any
bond anticipation notes issued in anticipation of said bonds may
be applied to reimburse the Town for expenditures made after the
effective date of this resolution for the purpose for which said
bonds are authorized. The foregoing statement of intent with
respect to reimbursement is made in conformity with Treasury
NYI 114073.i 016287
Regulation Section 1.150-2 of the United States Treasury
Department.
(c) The proposed maturity of the bonds authorized by
this resolution may exceed five (5) years.
Section 4. Each of the bonds authorized by this
resolution and any bond anticipation notes issued in anticipation
of the sale of said bonds shall contain the recital of validity
as prescribed by Section 52.00 of the Law and said bonds and any
notes issued in anticipation of said bonds shall be general
obligations of the Town, payable as to both principal and
interest by general tax upon all the taxable real property within
the Town without limitation of rate or amount. The faith and
credit of the Town are hereby irrevocably pledged to the punctual
payment of the principal of and interest on said bonds and any
notes issued in anticipation of~the sale of said bonds and
provision shall be made annuall~ in the budget of the Town by
appropriation for (a) the amortization and redemption of the
bonds a~d any notes in anticipation thereof to mature in such
year and (b) the payment of interest to be due and payable in
such year.
Section 5. Subject to the provisions of this resolution
and of the Law and pursuant to the provisions of Section 21.00
relative to the authorization of the issuance of bonds with
substantially level or declining annual debt service, Section
30.00 relative to the authorization of the issuance of bond
anticipation notes and of Section 50.00 and Sections 56.00 to
60.00 of the Law, the powers and duties of the Town Board
NY1 114073.1 016287 RES
The adoption of the
Supervisor Wickham
which resulted as follows:
foregoing resolution was seconded by
and duly put to a vote on roll call,
AYES: Supervisor Wickham, Councilman Lizewski, Councilwoman
Hussie, Councilman Townsend, Councilwoman Oliva, Justice Evans.
NOES: None.
The resolution was declared adopted.
NY1 114073.1 016287 P. ES
CERTIFICATE
I, Judith T. Terry, Town Clerk of the Town of Southold,
in the County of Suffolk, State of New York, HEREBY CERTIFY that
the foregoing annexed extract from the minutes of a meeting of
the Town Board of said Town of Southold duly called and held on
August 8, 1995, has been compared by me with the original minutes
as officially recorded in my office in the Minute Book of said
Town Board and is a true, complete and correct copy thereof and
of the whole of said original minutes so far as the same relate
to the subject matters referred to in said extract.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the corporate seal
Town of Southold this 9th
August, 1995.
of said
__ day of
(SEAL)
Town Clerk
NY1 114073.1 016287 RES
has been adopted on the 8th day of
Augast, 1995, and the validity of the
tion may be bercaftor contnstcd only if
s~ch obligations were authorized
am object or purpose for which
TOWN OF SOUTNOLD, in ~to
~mmty of Suffolk, New York. is mn*
nmlborized to expend money or if
ponvlainm of law which ~hould ~
bean onmplied wlih as of the dam
Inshlicntion of this Notice were
ankstantially complied with, and am
sl~lon, suit or proceeding contestl~
onmh validity ik commenced within
t~nty days after the publication
~ Notice. or such obligations m
~oriznd in violation of the
dram of the constitution.
JUDITH T.
-
nOND nn~otgno~ OF ~
~OWN O~ f, OffrNOLD,
YORK, kl~ AU~u~r
LANE AN~ AN DN~4~MED
STDB RO~ ~TINO
$81.448 ~, AND
A~O~ ~A~
OF $81,~8 S~ BONDS OF
SA~ ~ ~ ~AN~ SA~
~OP~ON.
~AS, f~lowing subminion
of a wd~n ~ f~ ~e ~t
i~v~ of ~ways in ~ To~
of Southold, Suffolk County, New
York (herinafter ~fe~d to as the
Lath~ Lane and an unnamed stub
mad, in the Town of Sonthold, and
s~wn ~ ~i~d on the c~n
m~ entitled 'Map of ~*s ~d at
C~ of ~ C~nF of Suffo~ ~
onm~ 5~, a~ mo~ pefficul~ly
~pted by ~e Town Bon~ of said
O~ce of the Son&old Town Cla~,
~ m ~ ex~ ~for; ~
~S, tach ~fifi~ h~ ~n
duly ~igned by the owners of real
~ of~d ~way to ~ e~t of ut
by ~sident owners owning n~ less
~ ~-~f of ~ france ~ by
~sidant ownen ~siding in or alo~
such highway, ~d such ~tifion w~
~ly ac~owl~gnd or p~ve~ by
WH~S~ ~ a public
of ~ Town ~i~d, pu~u~t
said "Resolution For Street
interest to construct such im-
RESOLVED BY THE TOWN
BOARD OF THE TOWN OF
SUFFOLK, NEW YORK, (by the
~ ~ dl ~ ~ of ~d Town
~ ~ ~WS:
Section 1. The Town he.by
~d Road, ~ham ~e ~d ~ un*
~ ~smb ~, Town highways in~
~ T~ ~ ~ ~ng t~f, ~i~
a ~nent pavement and the con-
s~ of such c~, guru, c~h
~ ns~d ~ximum c~t of
s~ific obj~t or pu~e, including
$81.448 ~d ~id amount is be~by
~p~p~atcd thc~for. Thc plan of
~n~cin~ includes thc issuance of
$81,~ ~ ~ of~e Town
fin~c said app~p~ation, and tbe
be especially benefited by said
same. to pay tbe pri~ipal of said
~ ~d the in.st tbe~ ~
hereby aotho~zed to be issued pur-
a of th~ C~ Laws of the
STATE OF NEW VORK )
) ~S:
COUNTY OF SUFFOLK )
__ of Mattltuck,
in said County, being duly sworn, says that he/she is
Principal Clerk of THE SUFFOLK TIMES, a Weekly
Newspaper, published at Mattituck, in the Town of
Southold, County of Suffolk and State of New York,
and that the Notice of which the annexed Is a
printed copy, has been regularly published in suld
for weeks
Newspaper once each week _L_.
st~ccesslvel~, commencing on the~ day of
CHRISTINA VOLINSKI
Notary Public, State of New Yo~t
Principal Clerk
No. 5004884 ~
i.
Notary Public
Sworn to before me this
day of ~ 19~
mm Said ~n~o~no
apPr~cted u~efor
· e Mv~ I~ nd ~els of
Within the Town which ~e Town
~ly ~nerated by said
~~aws of
an~z~ and any ~fld an.
~ ~B~ in ~ci~tiofl P~ Jo
~tatem ortmom wi~ r~ap~ct t~
with T~ Refulstlou
bo~d by this molution
c~a~ ~v~
as t° ~ ~ ~d ~te~st by
gc~ .~ afl ~ .xablc ~1 ~ spu~
f~(~b ~ ~p.
ti~ ~b ~s ~ ny noMs in