HomeMy WebLinkAboutVarious Purposes (2) $44.~,000
UN[~'~D STATES OF AMERICA
STATE OF NEW YORK
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
BOND ANTICIPATION NOTE FOR VARIOUS PURPOSES-1993
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 FOUR HUNDRED FORTY-FIVE THOUSAND DOLLARS ($445,000) on
the 4th day of November, 1994, together with interest thereon from the date hereof at the rate of two and seventy-
nine hundredths per centum (2.79%) 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 s'naii convert this Nora 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 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 shall 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 proved, or in the alternative the signature thereto shall be certified as to its genuineness
by an officer of a bank or trust company located and authorized to do business in this State.
This Note is the only Note of an authorized issue, the principal amount of which is $445,000. This Note
may be called for redemption on any date prior to maturity after the giving of at least five (5) days' written
notice of the date of redemption by mailing of written notice to the original purchaser, or if this Note be
registered to the registered 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, three 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 5, 1993. 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, 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 tiffs Note, together with all other indebtedness
of such Town of Southnld, is within every 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 thereof) to be affixed, imprinted, engraved, or otherwise reproduced hereon
and attested by its Town Clerk and this Note to be dated as of the 5th day of November, 1993.
~ or' tile ~oi~ls Or ~id I
cOUNTY OF SUFFOLK
STATEOF NEW YORK
Palricia Wood,' being duly sworn, says that she is the
Editor, of THE LONG ISLAND TRAVELER-WATCHMAN,
a public newspaper printed at Southoid, in Suffolk County;
and ihat tile notice of xvhich the annexed is a printed copy,
la,is been published ira said Long Island 'l'raveler-Watclm~an
/ weeks
clay ct'. ............ 19 .~..3..
Swc, rn lo belt, re rne this ..................... cia).' or
Notary Public
BARBARA A. SCHNEIDER
NOTARY PUBLIC, St,qte o! k'.ew York
No, 480GB46
Qualified in Suffolk County
~mmission Expires