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HomeMy WebLinkAboutLandfill ScaleUNITED STATES OF AMERICA STATE OF NEW YORK ~150.000 '~wl~ ,~t ~' ~ COUNTY OF SUFFOLK TO~N OF SOUTHOLD BOND ANTICIPATION NOTE FOR PURCHASE OF A TRUCK SCALE-1989 The TOWn of Southold, in the County of Suffolk, a municipal corporation of the State of Nc~ York, hereby acknowledges itself indebted and for vah,e received promises to pay to the bearer of this Note, or if it be registered, to the registered holder, the sum of ---One Hundred Fifty Thoueand .............................. Donets ($150,000 .......... ) on the 27th day of September , i~0/, together with interest thereon Sm the date hereof at the rate of ---five and ninety-six hundredths ............. per centre ~ .96/%) per annum, payable at maturity. Both principal o! and interest on ibis Note will be paid in lawful money of the United States of Ameriea~ at NORST_/~ E~qK, N.A., Southold, New York. shall convert this Note into At the request of the holder, the To~vn Clerk a registered Note by registering it tn the name of thc holder in the books of the Town kept in the 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 To~Fn Clerk with s written transfer of title ~nd such Town C 1 ecl< shall thereupon register this Note In the name of the tro. nsferee in his books mad shall endorse a certificate of such registration hereon. Such transfer shat[ be dated, and signed by the registered holder, or his legal re.p. resentatives, aad it shall be duly acknowledged or proved, or In the alternative the signature thereto shall be certified as to ~ts 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 ivhich is $150,000. This N~e ~ ~sued pumu~t to the provisions of the Local Finance Law, constituting Ch~ter ~-a of the Consolidated Lawsoftbe StateofNewWork, the boBd resolution adopted by the To~Bohrd on January 10, 1989, authorizing the issuance of $150,000 serial bonds for the purchase of a scale for use at the Tmm Landfill, and the Certificate of Determination executed by the Superviso~ on September 27, 1989. This Note has been designated by the To~m 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 To~m o f Southold are hereby irrevocably pledged for th~ p~netud payment of the ..p.rincipal of and Interest on. th~.' _No.re ~cor..~. g..to itsJer, m.s., * 'h- It ia hereby certified and recited that all condihons, acts and things reqmrea oy tn~ ~ons[?uuon aha sr. aru~es o~ .t ~. State of New York to exist, to have happened and to have been performed precedent to and m the ~ssuance of this Note, exm, have happened *md h~ve been performed, and that this Note, together with all other indebtedness of such Towrl of Southold is w/thin every ~tcht and other limit prescribed by the Constitution and laws of such State. IN WITNESS WHEREOF, To~m of Southold has caused this Note to be signed by its Town Clerk ATTEST: Supervisor · and its corporate seal to be hereunto affixed and attested by its and this Note to be s of the day of September, TO~N l~sg. UNITED STATES OF AMERICA S ~.,,. R-1 SXATE O~' NEW YORK 120 000 COUNTY OF SUFFOLK TOWN OF SOUTHOLD BOND ANTICIPATION NOTE FOR PUN2HASE OF A TRUCK SCALE-1990 The Town of Southotd, in the County of Suffolk, a municipal corporation of the State o! NeW YOxlq hereby achnow .I~1~. itself indebted.and for value received promises to pay to the hearer of this Note, if it be registered, to the re~stereA holder, the sum or ---One H~ ~nty Thousand ........................... Dolinrs ($120,000 ........... on the 27th (by of September , 19 91' to&ether with interest thereon from the date hereef at the r~te of ---six and nineteen hundredths .............. Pe~ centum ( 6.19 %) per annum, ]payable at raatortiy. Both principal of and interest 0a this Note ~ he pakl in lawful money of the United States of America, at NORSTAR BANK, N.A., Southold, New York. At the request o! the holder, the Town Clerk shall convert this Note into a re~hteced Note by re4htech~ it in the name of the bolder in the books of the Town kept in the office of such Town Cl~rk and endorsi~g a certificate of such re~is~ratbr~ hereoa~ after which both principal of and interest on this Note shall he payable only to the registered holder, his legal representatives, successors or transferee:~. TMs Note shall then be transferable only upon presentation to such Toi, ffl Clerk .with ~ written transfer of title and such TOW~ Clerk shall thereupon register Note in ~ name of the transferee in his books and shall endorse a certificate of such re$1stratton her_~w Such trausfeI' shall he dated, and signed by the registered holder, or his IC~t repre~c~th.t, ive~, and it shall he duly acknowledged or preyed, or in thc nlte~atlve the signature thereto shall he certified as to its ~enumeness by an officer of a bank or trust compauy located and authorised to do business in this Stat~ This No~e is the oniy Note of an aut~3rized renewal issue, the principal amount of which is $120,000. Tl~s Note may he ca~ed for redempt~oa on any date prior ~o maturity after the ~n~ of at least five ( 5 ) days' no~ce of the date of re~cmptlon h¥ m~in~ of written notice to the ori~nal purch~er, or if Note be re~istersd to the re~4siered h~der, and ~terest sh~l cease to be p~d here6~ a{ter such date of redemption. This Note ~ issued p~rsuant to the prorisions o! the Lo~I Financo Law, censt~tu~n~ Chapter ~-a o~ the Con~olidated Laws of the S~te of New York, the bond resolution adopted by the Town Board on January 10, 1989, authorizing the issuance of $150,000 serial bonds for the purchase of a scale for use at the Town landfill, and the Certificate of Determination executed by the Supervisor on September 27, 1990. This Note has been designated by the Town as a ~m~ ~fied 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 tim punctual payment of the principal of and interest on thls Note according to its terms. It is hereby certifie~ anti recited that all conditions, acts and things required by the Constitution .ad 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 indebtednes~ of such TOWel o£ Southold is within every debt and other limit prescribed by the Constitution and laws of such State. IN WITNESS WHEREOF, TOWn O£ Southold ha~ caused this Note to be si~ned by its Town Clerk ATTEST~ Supervisor , and its corporate seal t~ be heretmto afi'ined and atteste~ by its and this Note to be dated as of the ~V~h day of ~p~ ~ OF ~LD // ~or ,19 95 Town Clerk EXTRACT OF MINUTES Meeting of the Town Board of the Town in the County of Suffolk, New January 10, 1989 A of Southold, York regular meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold, New York, on January 10, 1989 at 7:30 o'clock ~.M. (Prevailing Time). There were present: Honorable Francis J. Murphy, Supervisor; and Councitpersons: Raymond W. Edwards Jean W. Cochran George W. Penny, IV Ruth D. Oliva Ellen M. Larsen There were absent: None and moved Also present: Supervisor Murphy its adoption: Judith T. Terry, Town Clerk James A. Shondebare, Town Attorney offered the following ~esolution BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JANUARY 10, 1989, AUTHORIZING THE PURCHASE OF A SCALE FOR USE AT THE TOWN LANDFILL, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $150,000, APPROPRIATING SAID AMOUNT TMEREFOR, AND AUTHORIZING THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF TNE TOWN OF SOUTHOLD, SUFFOLK, NEW YORK, HEREBY RESOLVES (by the less than two-thirds of all the members of FOLLOWS: Section 1. Suffolk, New York The Town of (herein called favorable said Town IN THE COUNTY OF vote of not Board) AS to purchase a scale for use at the landfill site within the Town. The estimated maximum cost of said specific object or purpose, including preliminary costs and costs incidental thereto and the financing thereof, is $150,000 and said amount is hereby appropriated therefor. The issuance of $150,000 serial appropriation, and the levy taxable real property in the Town bonds and the interest thereon as payable. Section 2. amount of $150,000, plan of financing bonds of the Town and collection of includes the to finance said taxes on all the to pay the principal of.said the same shall become due and Serial bonds of the Town in are hereby authorized to be the principal issued pursuant Southold, i.n the County of "Town"), is hereby authorized to 33-a of called the provisions of the Local Finance Law, constituting Chapter the Consolidated Laws of the State of New York (herein "Law") to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of object or purpose for which pursuant to this resolution are limitations of Section 11.00 a. (b) Current funds are probable usefulness of said specific said $150,000 serial bonds authorized to be issued, within the 32 of the Law, is five (5) years. not required by the Law to be provided as a down payment prior to the issuance of the bonds authorized by this resolution or any bond anticipation notes issued in anticipation thereof in accordance with Section 107.00 d. 5 of the Law. (c) The proposed maturity of the bonds authorized by this resolution will not 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 propert~ 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 annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and 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 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 relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized and of any bcnd anticipation notes issued in anticipation of said bonds, and the renewals of said notes, are hereby delegated tc the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of she bonds authorized by this resolution and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of the publication of such resolution are not substantially complied with, and an action, suit or proceeding contesting such validity, is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution shall take effect immediately, and the Town Clerk is hereby authorized and directed to publish the foregoing resolution, in full, together with a Notice attached in substantially the form prescribed by ~81.00 oi the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper published in Southold, New York, and in "THE SUFFOLK TIMES," a newspaper published in Mattituck, New York, each having a general circulation in the Town and hereby designated the official newspapers of said Town for such publication. The adoption Councilwoman Cochran resulted as follows: of the foregoing resolution was seconded by and duly put to a vote on roll call, which AYES: Supervisor Murphy, Justice Edwards, Councilwoman Cochran, Councilman Penny, Councilwoman Oliva, Councilwoman Larsen. NOES: None. The resolution was declared adopted. 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 January 10, 1989, 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 of said Town of Southold this 10th day of January, 1989. (SEAL) Town Clerk JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS OFFICE OF THE TOWN CLERK TOWN OF $OUTHOLD Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 TELEPHONE (516) 765-1801 PLEASE PUBLISH THE ATTACHED "NOTICE" AND "BOND RESOLUTION" IN ITS ENTIRETY ON JANUARY 19, 1989, AND FORWARO THREE (3) AFFIDAVITS OF PUBLICATION TO JUDITH T. TERRY, TOWN CLERK, TOWN HALL, MAIN ROAD, SOUTHOLO, NEW YORK 11971. Copies to the following: The Long Island Traveler-Watchman The Suffolk Times Town Clerk's Bulletin Board NOTICE The resolution published herewith has been adopted on the 10th day of January, 1989, and the validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the TOWN OF SOUTHOLD, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this Notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution. JUDITH T. TERRY Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JANUARY 10, 1989, AUTHORIZING THE PURCHASE OF A SCALE FOR USE AT THE TOWN LANDFILL, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $150,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. SUFFOLK, less than two-thirds of all the members of FOLLOWS: Section 1. The Town of Southold, Suffolk, New York (herein called "Town"), THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF NEW YORK, HEREBY RESOLVES (by the favorable vote of not said Town Board) AS in the County of is hereby authorized to purchase a scale for use at the landfill site within the Town. The estimated maximum cost of said specific object or purpose, including preliminary costs and costs incidental thereto and the financing thereof, is S150,000 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $150,000 serial bonds of the Town to finance said appropriation, and the taxable real property bonds and the interest payable. Section 2. amount of $150,000, levy and collection of taxes on all the in the Town to pay the principal of said thereon as the same shall become due and Serial bonds of the Town in the principal 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 said specific object or purpose for which said $150,000 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 32 of the Law, is five (5) years. (b) Current funds are not required by the Law to be provided as a down payment prior to the issuance of the bonds authorized by this resolution or any bond anticipation notes issued in anticipation thereof in accordance with Section 107.00 d. 5 of the Law. (c) The proposed maturity of the bonds authorized by this resolution will not 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 annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and 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 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 relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said notes, are hereby delegated to the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of the publication of such resolution are not substantially complied with, and an action, suit or proceeding contesting such validity, is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution shall take effect immediately, and the Town Clerk is hereby authorized and directed to publish the foregoing resolution, in full, together with a Notice attached in substantially the form prescribed by ~81.00 the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper published in Southold, New York, and in "THE SUFFOLK TIMES," a newspaper published in Mattituck, New York, each having a general circulation in the Town and hereby designated the official for suck publication. newspapers of said Town of idl~n i s that ha/sha Is Principal ES, . Weekly Newspaper, Town of Southold, County of end that the Notice of which week for :]- weeks ~on the ~.c~ , day of Principal Clerk COUNTY OF SUFFOLK ss: STATE OF NEW YORK Patricia Wood, bein§ duly sworn, says that she is the Editor, of THE LONG ISLAND TRAVELER-WATCHMAN, a public newspaper printed at Southold, in Suffolk County; and that the notice of which the annexed is a printed copy, has been published in said Long Island Traveler-Watchman once each week for ...................... /.... weeks successively, commencing on the /~ ~- d~~ ...... 19 ..... ; Sworn to before me this ..................... day of ..... .~ '~V ......... ~9..,¥.? NOTICE The re`.olulion pt, blished herewith has been adopted on tile 10th da)' or Jannary, 1999. and IJlu ,,alidily of lite 9bliga- lion ma), be hereafJer ¢onlesled onl.,, if sach obligalion~ w?re aulhorJzed I~r an objecl or pnr- po~e l~r which Ibc TOWN OF SOU'FHOLD, in Ibe C.ofimy of Safl~lk, N~v York, is ~ol auth- orized ~o ~nd mon~ or if the prmision~ of law which' shonld ha~e been complied with us of Ihe dale of publication of complied ~ilh, and an aclion. ~uch ~alidi[y i~ commenced will,in [~enty days after ~ublication of Ihi~ Nolicc. or ~uch o~igation~ were authori/- ~ in violation of Ihe proviqon~ of ihe con~litifion. JUDITH T. TERRY Tmon Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD. NEW YORK. ADOPTED USE AT'THE TOWN LAND- FILL. STATING THE ESTI- MATED MAXIMUM COST THEREOF IS $150,~, AP- PROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSU- ANCE OF ~150,~ SERIAL BONDS OF SAID TO~'N TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD. IN FHE COUNTY OF SUF- FOLK. NEW YORK, HEREBY RESOLVES {by the favorable ~ole of not le~s than two-lhird~ of all the members of said BoaM) AS FOLLOWS: Section I. The Tov, n of Soulhold. in the County of folk, Ney, '~brk (herein called "Town"l, is hereby authorized to purchase a scale Ibr use al the landfill site within the Town. The estimated maximum coq of said specific object or purpose. including preliminary costs and co,ts incidental thereto and the financing'thereof, is $150,(ag' and said amount i,. hereby ap- propriated therel'o~; The plan of financing includes the issuance of $150.000 serial bonds of the Town to finance said appropria- tion, ;,'~A the levy and collection o1' taxes on all Ihe taxable real property in the Town lo pay Ihe principal or said bonds and Ibc interest thereon as the same ',hall become due and payable. Seclion 2. Serial bond,, of the Town in lhe principal amount of $150,000. are hereby aulhorized lo be issued pursuanl to the pro- . visions of the Local Finance I.aw. constituting Chapter 33-a of Ibe Consolidaled Law,. of the State of New York (berein call- ed "law"l lo finance `.aid appropriation. Section 3. The following addi- Ikmal mailer`, are hereby deler- ntined and declared: la) The period o1' probable usel'ulnes`, of 'said s p,,.',.: i fic object or purpose for which `.aid $150.000 serial bond`, anlhoriz~ cd puo. nanl to ISis re'solution are Id be issued, within Ihe limitations ol' Section IL00 a. 32 of Ihe I.aw. is five (5) year`.. (b) Currem I'nnds are aol quired by Ihe I.aw to be pro- vjded a`. a down 13aymenl prior cl. 5 of llle I.aw. (c) The proposed nlalnrily of thc honds authorized by Iht,; r.,.'- ,aHtnion ~ill nOl exceed li~c ($) years. Section 4. Each ol'the bonds aulhori/ed b~. IhN re`.olution of `.aid bonds shall COl]lain Ihe ~aJd bond~ and any note~ issued in anticipation or said bonds, shall be general obligalion~ o1' principal and inlcrest by general are hercb~ irre~ocab[) pledged principal of and interest on ~aid hond~ and pro~i~.ion ~hall be ticipation ol said bond,., and the rcnevsals o1' said notes, arc hereby delegated to ihe Super- Iht Town. Section 6. The '.alidily ol the bond,, authorized by this resolu- tion :.ind or any note,, issued in anticipation of the sale or said bonds, ma~, be contested only if: (a) such obligation~ are authorized lbr an object or pur- pose Ibr which Ihe To',,. n b, not authori.,ed Io expend ntoney, or (b) the prmi`.ions ol las~ which should be complied wilh al Iht date of Ibc publication ol liall~ complied v. ith. lng conlesl[ng ,,uch validiD, is al'ler Ihe date of such publica- (c) such 6bligalions are authorized iff ~.ioJation ol Ibe provisions of tho conslilution. Scclion 7. Thi', bond re',oJu- I.'., and thc To,an Clerk i', here- and p~_'.'able !n s.uch :.car. p.~ibl, i'~ the Ibre~,:oilm rc-.o o ",Secllon,~.,Su, bje¢Ot¥,rhepro: , "~"'6 ':(o'aZ~M"g~'~'{ provisibns o1' Section J0.00 rela- l.a',~ in "THE LONG ISLAND live IO thc aulhori/aliou of thc is,.uance of bond anticipation notes and o1' Section 50.00 attd Section,, 56.00 Io 60.00 o1' the [.axe, lite powern and duties of and prescribing the lernls, form aud is,,uance of the bond`, herein anthorized and of an.,. bond an- TRAVE LE R-V'.'&ICH MAN;' a nev.',paper published in Southold, Ne',', '~brk, and in "THE SUFFOLK TIMES:' a ue',,,spaper published in Mald- tnck. Ne,,', ~brk, each ha'.ing a general circalation in the To~xn and hereby designated thc of- ficial newspaper~ ol said Tox~ n lot such publicalion. IX, I 19 89 {25}