HomeMy WebLinkAboutVarious PurposesCOMBINED IN 1995 - $620,000 VARIOUS PURPOSES BOND ANTICIPATION NOTE
(November 3, 1995)
No. CR-1 $718,000
UNITED STATES OF AMERICA
STATE OF NEW YORK
COLrNTY OF SUFFOLK
BOND ANTIC ~ NOTE Fog vARIOUS PURPOSES-1994
The Town of Southold, in t~ Counl~4~ guf~l~ ~ 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, ti~q~l~tlI~l~l~ ~ iEIGHTEEN THOUSAND DOLLARS
($718,000) on the 3rd day of November, ll~ltf:g~K~WiffOiaterest thereon from the date hereof at the rate of
four and forty-five hundredths per centum (4.45%) 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 The Suffolk County
National Bank of Riverhead, Cutchogue, New York.
At the request of the holder, the Town Clerk shall convert this Note into 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 registration hereon, after 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 shall
then be transferable only upon pr-'~ntation to such Town Clerk with a written transfer of title and such Town
Clerk shall thereupon register thi~ Note in tlg..q~e of the transferee in his books and shall endorse a certificate
of such registration hereon. Such ~l~g~l~r _ ,~aff_ .b~.dat~'~.:lgnctL~gned by the registered holder, or his legal
representatives, and it shall be dul~ .~ .g~.'.'bCvi&lged o¥ l~ro~ed,]o~;~i~ the alternative the signature thereto shall be
certified as to its genuineness by a~9~'~cer of a bank or t~st~c~q~any located and authorized to do business in
this State.
This Note is the only Note of an a~r~zed' c~n~¢newal issue, the aggregate principal amount of
which is $718,000. This Note c~l~e0 for redemption on date prior to maturity after the giving
any
of at least five (5) days' written n~5°~r,~i~ .diq~*ia?~re~n by mailing of written notice to the
original purchaser, or if this Note be ~'[[ll~cgt~! ~h~'_a'agistered holder, and interest shall cease to be
paid hereon after such date of redemption.
This Note is issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of
the Consolidated Laws of the State of New York, seven 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 4, 1994. This 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 irrevocably 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 all conditions, acts and things required by the Constitution and
statutes of the State of New York to exist,~ave ~aat~ened and to have been performed precedent to and in the
issuance of this Note, exist, have ~glPenl~ll~ hav~ I~ent~ft~rmed, and that this Note, together with all other
indebtedness of such Town of ~{~t}~d~.~a~'b~thh~ ever~?a de~.( "~a~: other limit prescribed by the Constitution and
laws of such State.
IN WITNESS WHERI~, th~,"[~9)vt~ o[ SI~A~It°~, ~'~d caused this/~te to be signed by its
Supervisor, and its corporate seCTor a t'~ad~/nil~ tfie?e'o~t6 b'~ affixed, imp(i~ted, engraved, or otherwise
reproduced hereon and attested by its Town ~21er~ aadd.~r~o be dateq,/ts of the 4th day of November
Tows o
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1800
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
$718,000 BOND ANTICIPATION NOTE FOR VARIOUS PURPOSES-199~!
Sold on November 4, 1994
RENEWALS:
$291,100 for Tub Grinder
$11,900 for Stump Buster
$86,000 for Yard Waste Composting
NEW:
$176,000 for Payloader and Street Sweeper for Highway
$150,000 for Energy Conservation projects at Town Hall,
Police Headquarters & Human Resource Ctr.
$25,000 for Southold Shore Road Improvement District
$50,000 for Shorecrest Road Improvement District
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 4th day of November, 1994, 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.
~' Tow~ Clerk~
Subscribed and sworn to before me
this 4th day of November, 1994.
Notary Public, State of New York
LINDA J. COOPER
Notary Publio, State of Nm~v York
No. 4822563, Suffolk County .~
Term Expires December31, 19 ~'~'
NY1 87542.1 014543 CER/