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HomeMy WebLinkAboutWeighing Facility-Landfill UNITED STATES OF AMERICA NO. 1 STATE OF I, mW ¥OaK S140,000 COUNTY OF SUFFOLK TOWN OF SOUTHOLD BOND ANTICIPATION FOR CONSTRUCTION OF WEIGHING FACILITY-1987 The Town of Southold, in the County of Suffolk,a municipal corporation of the State of N~w York, hereby acknowledges itself indebted and for value received promises to pay to the hearer of this N'ote~ or if it be registered, to the registered holder, the sum of ..... One Hundred Forty Thousand ................ Dollars ($140,000 ....... ) on the 23rd d~y of June , 1988, together with interest thereon from the date hereof at the r~,te of Four and twenty-four hundreths per centmn (4.2~) 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 Bank of New York, Greenport, New York At tho request of the holder, the Town Clerk shah convert this Note into a registered Note by registering it in the name of the holder ia the books of the Town kept in the office of such Town Clerk ,ad endorsing a certificate of such registration hereon, after which both ~rrincipal of and interest on this Note shah he payable only to the .registered holder, his legal representatives, successors or awfer~es. This Note shall then be transferable only upon presentation to such Town Clerk with · written transfer of title and such Town Clerk shall thereupon register this Note in the name o! the transferee in bls books and shah endorse a certificate of such reglstrstian, her?n.. Such transfer shalin1 ho dated, and signed by the registered holder, or tis legal representatives, and it sh_a~, be duly ,ac~, owl .e~ge? or prov..e~.,_cOarte~d the alternative the signature thereto shall be certified as to its gemdneness by an omcer or a oan~ or ~rus~ company ~o~ and authorized to do business in this State. This Note is the only Note of an authorized issue, the principal amount of which is $140,000. T~ N~e ia ~ued pursuit to the p~visin~ of the Local Fin~ce Law, constituting Ch~ier ~-a of the Consolidated LawsoftheSteteofNewYork. the bond resolution adopted by the Town Board on December 16, 1986, authorizing the issuance of $150,000 serial bonds to finance the construction of a weighing facility, and the Certificate of Determination executed by the Supervisor on June 2~r 1987. 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 pledg~ tot the punctual payment of the .p. rincipal of an, d..ig, terest on. th, is_N~.te _.i'~or.~..n?to its~te_r~_m~.-.t__ of the It is hereby certified and recited that all conditions, acts sna tnmgs reqmren ny me ~onsu. ruuon any .~r.~.ui~ - State of New York to exist, to have happened and to have been performed precedent to and in the {ssuence or tins i~ote, ex,st, have happened end lmvc 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 WITNESS II'HEREOF, the Town of Southold has caused this Not to be ,Igned by its Town Clerk Supervisor , and Its end-rate ~al to he hereun~ affised ~d at~sted by its andthisNotetobe TOWN ~987. ATTEST: Town .erk l~Too R-1 UNITED STATESOFAMERICA STATE OF NEW YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD ~112,000 BOND ANTICIPATION NOTE FOR CONSTRUCTION OF WEIGHING FACILITY-1988 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 premises to pay to the bearer of this Note, or if it be registered, to the registered holder, the sum of ..... One ttundred Twelve Thousand ................ Dollars ($112,000 ....... ) on the 22nd day of June , 1989, together with interest thereon from the date hereof at the rate of .... f ive and three- eight s ............ -per cent-am (5-3/8%) per annum, payable at maturity. Both principal of and interest on tlgs Note wffi be paid in lawful money of the United States of America~ at THE NORTH FORK BANK & TRUST COMPANY, Southold, New York. At the request of the holder, the Town Clerk shall convert this Not~ 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 ?ertlfleste of such registration hereon, after which both principal of and interest on this Note shall be payable only to the registered holder, I~s 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 teglster this Note in the name of the transferee in his books and shall endorse a certificate of such registration bereon. Such transfer shall be dated, and signed by the registered holder, or his legal representatives, and it shall be duly achnowledged 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 io do business in this State. This Note is the only Note of an authorized issue, the principal amount of which is $112,000. This Note is issued pursuant to the provisions of the Local Finance Law, constituting Chapter 83-a of the Consolidated Laws of the Stato of New York, the bond resolution.,adopted by the Town Board on December 16, 1986, authorizing the..iss'hance of $150,000 serial bonds for the construction of a weig..~i.n'g facility, and the Certificate of Determination executed by, the Supervisor on June 23, 1988. This Note has been designated ~¥,.C~e Town ~s~ qualified tax-exempt obligation pursuant to the provisions ~ ~n 265 of the Internal Revenue Code of 1986, as amended.~ ~%~ The faith and credit of such ~~ ut h o 1 d Fe he reby irrevocably pledged for the punctual payment of %~hicipal of and interest on this Note according to its terms. It is hereby certified and recited that all cohditions, acts and things required by the ConstltuHon and statutes of the ~t~te of New York to exmt, to have happened and to have been performed precedent to and in the issuance of this Note, exist. have happened and have been perfonned, and that this l~ote, 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 WITNESS V;HEP~EOF, the Town of Southold has caused this Note to be signed b¥',q~s · _ ~ Su.~rvisor Town Clerk~~~--~'~1~'~ dated as of ' June, Town Clerk ~o88. ]NO.2R-1 UNITED STATES OF STATE OF NEW YORK COUNTY OF SUFFOLK TO~N OF SOUTHOLD ~ $84,000 BOND ANTICIPATION NOTE FOR'CONSTRUCTION OF ~¢EIGHING FACILITY-1989 the The Town of Southold, in t ~.e Co~tyr~ ~[~S~ffolk,1 ~ a munici~l corporation o State of N~ York, hereby ac~owl~s itself ~'[~v~ved promis, to pay to ~e be~r of this Notq or if it be re~st~ed, to ~ re~tercd holder, the S~ ........... ~~ ~z - ......... ~ousand on the 9 da of 2.nd y June -~-six and twenty-four hundredths ............. pe~ centre ( 6.24 ~) ~er ~um, payable ~t merrily.' Both p~eip~ of ~nd ~terest ~ this ~ote wi~ ~ THE NORTH FORK EtANK AND TRUST COMPANY, Southt, ld, New York. At the request of the holder, the Town C 1 erk shall convert rids Note into a registered Note by registering it in the name of the holder in the books of the TolvIl kept in the office of such Town C ]erk 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~TI 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 traa,s, fer shall be dated, and signed by the registered holder, or his legal representatives, and it shall be duly acknowledged or prmed, 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 renewal issue, the principal amount of which is $84,000. This Note is issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of NewYork, r the bond resolutibn adopted b.~ the To~m Board on Becember 16, 1986, authorizing the issuance ~.'$~_'~0,000 serial bonds for the construction of a weighing facility, and ttm. C~rtificate of Determination executed by the Supervisor on June 22, 1989. T.,h. ta-NO~e has bairn designated by the Town as a qualified tax-exerr~t obligation pursuanf'"to the pr~v~l~s of Section 265 of the Internal Revenue Code of 1986, as amended. ~I~ I/~- The faith and credit of ~.,eh ~~ Southold are hereby irrevocably l~lcd~'ed for the punctual tffi~ment of the principal of and interest on this Note according to its terms. It is hereby certified and recited th*;t 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 this Note, together with all other indebtedness of such To;m of Southold is within every debt and other lhnit prescribed by thc Constitution and laws of such State. IN W'ITNI3SS WHEREOF, Town of Southold has caused this Note to be signed by its Tmm Clerk Supervisor , and its eorpora~ seal to be bemun[o affixed and att~sr~l by its and this Note to be dated 22nd dayof TO~t/N OF June, 1989. Clerk ~o.3R-1 UNITED STATES OF AMEP. ICA STATE OF NEW YORK COUNTY OF SUFFOLK TO~N OF SOUTHOLD 56,000 BOND ANTICIPATION NOTE FOR CONSTRUCTION OF WEIGHING FACILITY-1990 The Town of Southold, in the County of Suffolk, a awnicipal corporation of the State of New York, hereby acknowiedg~ itself indebted and for value received promises to pay to the beaxec of this Note, or if it be registered, to the registered bolder, the sma of ---Fifty-Six Thousand ..................................... Dollars ($ 56,000 .......... on the 21st day of Jtlrle , 19 91, together with interest thereon from the date hereof at the rate of ---six and twenty-eight hundredths ........... per centum ( 6.28 %) per annum, p~yable at maturity. Both princlp~l of and interest on this Note win be p~id in lawful money of the United States of Amertca~ at NORSTAR. BANK, N.A., Southold, New York. At the ~Xluest of the bolder, the ~%3wr, Clerk shall convert this Note into a registered Note by registering it in the name of the holder in the books of the Tovrfl kept in the office of such Town Clerk sad endorsing a certificate of such registration hereon, after which both ~ranrinclpal of and interest on this b,'ote shah be payable only to the registered holder, his legal representatives, successors or sferees. This Note shall then be transferable only upon presentation to such Town Clerk with a written transfer of title /~nd such Town Clerk shall thereupon register this Note in the nmne of the transferee in his books and shah endorse a'certifieate of such registration hereon. Such transfer shall bo 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 shah be certified as to its genulnen~s by an officer of g bank or trust company located and a~t~orized to do business in this State. This Note is the only Note of an authorized renewal issue, the principal ~taount of which is $56,000. This Note is issued pursue, at to the provisions of the Local Finance Law, constituting Chtvpter 33-a Of the Consolidated Laws of the State of NewYork, the bond resolution adopted by the Town Board on December 16, 1986· authorizing the issuance of $150·000 serial bonds for the construction of a weighing facility, and the Certificate of Determination executed by the Supervisor on June 22, 1990. This Note has been designated by the Town as a qualified tax-exe~pt 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 ~ Note according to its terms. It is hereby certified and recited that all conditions, acts /md 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 TOWI2 of Southold is within every debt and other limit prescribed by the Constitution and laws o£ such State. IN WITNESS WHEREOF, Town of Southold has cansc~l this Note to be signed by its Town Clerk Clerk Supervisor , and its corporate seal to be hereunto affixed and attested by its and this Note to bo dated as of the 2 day of TOWN 0 SOLr~OLD $upef~or 19 90. ST,YI'~ OF N~'~W YORK ~'C~'.',~: ~.~' ~ta[e of N'ew ~'o~'k, ~terYlJ}' aek/iowlcrl~es If~elt In(h'i~lecl ~md for vM,e r(!~eir(.~l p..otnises to pa)' h) U~e I)c&~,r of this .~utc, or Al the ~tql.e,;t of thc ]mltl('~'. I~c '~'Owl'.' C.:O.:'~. shalL ¢'.nverl thb; 1N',)te ii:lo this No'e to be ~ignerl by it~ ."t '1 '1' [':."i r ..... ~' ..... --'~ J'._.' ~'-'_' - ' _22. ...... 2. ...... ' ' '--22-~'_:.~2.:2-- .................. JUDITH T. T£RRY REGISTRAR OF VITAL STATISTICS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 728 Southold. New York ! 1971 TELEPHONE (516J 765-1801 PLEASE PUBLISH THE ATTACHED NOTICE & BOND RESOLUTION IN ITS ENTIRETY ON DECEMBER 24, 1986, AND FORWARD THREE (3) AFFIDAVITS OF PUBLICATION TO JUDITH T. TERRY, TOWN CLERK, TOWN HALL, MAIN ROAD, SOUTHOLD, NEW YORK 11971. Copies to the following: The Long Island Traveler-Watchman The Suffolk Times Town Clerk's Bulletin Board Superintendent of Highways Jacobs NOTICE The resolution published herewith has been adopted on the 16th day of December, 1986, 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 $OUTHOLD, 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 SOUTHOLD TOWN CLERK BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED DECEMBER 16 1986, AUTHORIZING THE CONSTRUCTION OF A WEIGHING FACILITY, 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. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, SUFFOLK, NEW YORK, HEREBY RESOLVES (by the less than two-thirds of all the members of FOLLOWS: Section 1. The Town of Southold, IN THE COUNTY OF favorable vote of not said Town Board) AS in the County of Suffolk, New York (herein called "Town"), is hereby authorized to construct a weighing facility at the landfill site located at Cutchogue within the Town. specific object or purpose, incidental thereto and the The estimated maximum cost of said including preliminary costs and costs financing thereof, is $150,000 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 levy and collection of taxes on all the taxable real property in the Town 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 $150,000, are hereby authorized to be issued pursuant tO the provisions of the Local Finance Law, 33-a of the Consolidated Laws of the State called "Law") to finance Section 3. The determined and declared: constituting Chapter of New York (herein said appropriation. following additional matters are hereby (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. 6-a. of the Law, is twenty (20) years; however the bonds authorized pursuant to this resolution or bond anticipation notes issued in anticipation of the sale of such bonds shall mature no later than five (5) years from the date of original issue of such bonds or notes, whichever date is earlier. (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. 4 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 ~. 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 presc.ribed by ~81.00 of the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper published in $outhold, New York, and in "SUFFOLK TIMES," a newspaper published in Greenport, New York, each having a general circulation in the Town and hereby designated the official newspapers of said Town for such publication. ! ' ' EXT~CT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk., New York December 16--, 1986 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 December 16-, 1986 at 7:30 o'clock P.M._ (Prevailing Time). There were present: Supervisor Francis J. Councilpersons: Paul Stoutenburgh James A. Schondebare Jean W. Cochran George L. Penny IV Raymond W. Edwards Murphy; and There wefe absent: None. Also present: Councilwoman Cochran and moved its adoption: Judith T. Terry, Town Clerk Robert Tasker, Town Attorney offered the following resolution BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED DECEMBER ~6, 1986, AUTHORIZING THE CONSTRUCTION OF A WEIGHING FACILITY, 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. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two-thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called "Town"), is hereby authorized to construct a weighing facility at the landfill site located at Cutchogue 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 plan of financing includes the issuance of $150,000 serial bonds of the Town to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town 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 $150,000, are hereby authorized to be issued pursuant to the provisions of the 33-a of the Consolidated called "Law") to finance Section 3. The determined and declared: Local Finance Law, constituting Chapter Laws of the State of New York (herein said appropriation. following additional matters are hereby (a) The period of probable usefulness of said specific object or purpose for which said'S150,000 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 6-a. of the Law, is twenty (20) years; however the bonds authorized pursuant to this resolution or bond anticipation notes issued in anticipation of the sale of such bonds shall mature no later than five (5) years from the date of original issue of such bonds or notes, whichever date is earlier. (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. 4 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 commenced within or action, suit or proceeding contesting such validity, is twenty days after the date of such publication, (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 presc.ribed by ~81.00 of the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper published in Southold, New York, and in "SUFFOLK TIMES," a newspaper published in Greenport, New York, each having a general circulation in the Town and hereby designated the official newspapers of said Town for such publication. The adoption of the foregoing resolution was seconded by Councilman Schondebare and duly put to a vote on roll call, which resulted as follows: AYES: Supervisor Murphy, Councilman Stoutenburgh, Councilman Schohdebare, Councilwoman Cochran, Councilman Penny, Justice Edwards. NOES: None. The resolution was declared adopted. CERTIFICATE I, JUDITH T. TERRY, Town Clerk of the ~own 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 ~alled and held on December ~6, 1986, 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 16th day of December, 1986. (SEAL) Town Clerk ,Legal Notices NOTICE The resolution published herewith has been adopted on the 16th day of December, 1986, and the validity of the obi(gu- tions authorized by such resolu- tion may be hereafter contested only if such obligations were au- thor(zed for an object or purpose for which the TOWN OF SOUTHOLD, in the County of Suffolk, New York, is not au, thor(zed 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 substan- tially complied with, and an ac- tion, suit or proceeding contest* lng such validity is commenced within twenty days at~r the publication of this Notice, or such obligations were au; thor(zed in violation of the prey!- siena of the constitution. JUDITH T. TERRY SOUTHOLD TOWN CLERK BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED DE- CEMBER 16, 1986, AU- THORIZING THE CON~ STRUCTION OF A WEIGH- ING FACILITY, STATING THE ESTIMATED MAX- IMUM COST THEREOF IS $150,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $150,000 SE, RIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RE- SOLVES (by the favorable vote of not less than two-thirds of all the members of said Town Boardl AS FOLLOWS: Section 1. The Town of South- old, in the County of Suffolk, New York (herein called '~Pown"), is hereby authorized to constxuct a weighing facility at the landfill site located at Cutch- ogue within the Town. The esti- mated maximum cost of said specific object or purpose, includ- lng preliminary costs and costs incidental thereto and the financing thereof, is $150,000 and said amount is hereby a~- propriate therefor. The plan of financing includes the issuanc~ of $150,000 serial bonds of ttre Town to finance said appropria- tion, and the levy and collectior~ of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest there~n as the same shall become due and payable. Section 2. Serial bends of the Town in the principal amount of $150,000, are hereby authorized to be issued pursuant to the pro- visions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (herein called "Law"l to finance said appropri- at(on. Section 3. The following add(- riona] matters are hereby deter- mined and declared: (al The period of probable use- fulness of said specific object or purpose, for which said $150,000 serial bonds au- thor(zed pursuant to this resolu- tion are to be issued, within the limitations of Section 11.00 a. 0- a. of the Law, is twenty years; however the bonds au- thorized pursuant to this resolu, tion or bend anticipation notes issued in anticipation of the sale of such bonds shall mature no later than five (5) years from the date of original issue of such bonds or notes, whichever date is earlier. (b) Current funds are not re- quired 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 ant/- cipation thereof in accordance with Section 107.00 d. 4 of the (c) The proposed maturity of the bonds authorized by this re- solution will not exceed five years. Section 4. Each of the bonds authorized by this resolutiofl 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 rea} property v/ithin the Town with'- out limitation of rate or amoun/~. 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 rede- mption of the bonds and an~ notes in anticipation thereof te mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provi- sions of this resolution and of the Law and pursuant to the provi- sions of Section 30.00 relative to the authorization of the issuance of bond anticipation notes and of Section 50.00 and Sectione 56.00 to 60.00 of the Law, the powers and duties of the Town Board ret lative to authorizing bond anti~ cipation notes and prescribing the terms, form and contents · nd as to the sale and issuance f the bonds herein authorized and of any bend 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 resolu- tion and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are au- thorized 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 com- menced within twenty days after , the date of such publication, or (c) such obligations are au~ tborized in violation of the provisions of the constitu, Section 7. This bond reselu- tion shall take effect ira- mediately, and the Town Clerk is hereby authorized and dj- rected to publish the foregoing resolution, in full, together with a Notice attached in substan- tially the form prescribed by §81.00 of the Law in "THE LONG ISLAND TRAVELER~ WATCHMAN," a newspaper publishe din Seuthold, New York, and in '~I'HE SUFFOLK TIMES," a newspaper published in Greenport, New York, each having a general circulation in the Town and hereby designated the official newspapers of said Town for such publication. 1TD25-5455 STATE OF NEW YORK ) CoUNTY OF SUFFOLK ) Suffolk County NO. Carol Sqarlata of Groenport, in s~Jd County, being duly sworn, says that ha/she ia Principal Clerk of THE SUFFOLK TIMES. a Weekly Newspaper. published at Groenport, in the Town of Southold, County of Suffolk and State of Now York, and that the Notice of which tho annexed la a printed copy, has bean regularly published In said Newspaper once each week for one weeks successively, commencing on tho dayof DPt' ,19. R6 Sworn to be~re me this d,y o, NOTJCE The resolution published her~th~ha~ beea,.adopted on the ~l~tll dsty .of~Decemher, 1986. ~ the vmltdlty of the oblisutlons anthor~'d, by such teste~ ~lyjf su.~.~,~oSligations wer obj or PU rP~I~P*fMI~ ~he TOWN ty of ~ork, is not authoriz~ tO~ money or if ~ p~n'~tonl o~ w which should have be~n complied s/tith as of the date of publication of ly ?replied ~ith,,and an ac'don, stat or proceedin~ couttsting such validity is commanCed within twenty days after the publi~ttion of this ~uti~e, or such obligations were authoriz- ed in violation of the prO~Sions of the Constitution. JUDITH T. ~TERI~Y · ' ~ To~ Cl~rk THE TOWN OF SOUTH~LD, NE~ .Y(~.K, AD.OPTHD DECEMI~a. AUTHORIZING Tlll~ CON. STRUC~/I~N OF - A WEIGHING FACILITY, STATING THH ESTIM~d*ED MAXI fvF~Jtvl COST THF_J~OF IS $1~o,~00, AP- PROPRIATING SAID AM(~NT THI~REFOR, AND THE TOW~N OF SOL~OLD, FOLK, ' I~I~W'b ~YORK, HEREBY RI~3~S (by the favorable vote of not less than two.thirds of alttl~m~ahers of said Town ~B~a~8) AS FOLLOWS: Se~tion*l. The ~fown of Soutbold ,Tn'the Co~y~of Suf- folk, New York (herein called "Town"), is hereby authorized to construct · wci~hin~ facility at the lan ~d~J~ site Iocttt~ at Cutcho~ue.~(*i~in ]he ~own. The esttma~d c~st of 'said specific obj~[~or purpose~ in- cluding p~mary costs and costs inci~kn~i thereto and the and said ff~hljpt i~.'hereby ap* propria~d ~or ,~h~ plan of o~f $1 $,0,000 s~/~l ~ of the ~om; ana't~ l#~3~mt ffOilection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest the~on as the same shall become due and payable. Section 2. Serial bonds of the Town in thc principal amount of $150,000, are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter ~3-a of the Con- solidated Laws of the State of New York (herein called "Law") to finance said appropriation. 'Section 3. Thc following ad- ditional matters are hereby determined and declared: .(a) Thc period of probable u~tefuinees of said specific object or purpose for which said $1 $0,000 serial bonds authoriz- ~ed pursuant to this resolution wrc to be issued, within the ~nitatinns of Section 1 !.0 a. 6-a o~ the Law, is/ twenty (20); however, the bonds authorized pursuant to this r~solurion or bond anticipation notes issued in anticipation of the sale of soch bonds shall mature no later than five (5) years from the date of original issue of such bonds or notes, whichever date is earlier. , (b) Current funds arc not re- e~rased by the Law to be provid- a down i~Yment thit issuance of the bonds atghorized by this resolution or an/ bond anticii:~t~n r~olution will not exceed flv~- COUNTY OF SUFFOLK STATE OF NEW YORK ss: Patricia Wood, being 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 ~..~. ~ ..... Sworn to before me this ..................... day of ..... ...... Notary Public BARBARA FORBES ~'[otary Fhbii.:, State oi New York Commission Expices g?~.~.~,/ 19 ~ ditional 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 anthoriz- ed pursuant to this resolution are to be issued, within the limitations of Section I 1.0 a. 6-a of the Law, is~ twenty (20); however, the bonds authorized pursuant to this resolution or bond anticipation notes issued in anticipation of the sale of such bonds shall mature no later than rive (5) years from the date of original issue of such bonds or notes, whichever date is earlier. (b) Current funds are not re- quired by the Law to be provid- ed 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 10"/.00 d. 4 of th~ Law. (c) The progos~ nmturity of the bonds authol'iz~d by this resolution will not exceed rive (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 pro- perry within the Town without limitation of rate or amount. The faith and credit of the Town are hereby irrevocably pledged to the punctual pay- ment of the principal of and in- terest on said bonds and any notes issued in anticipation of the sale of said bonds and pro- vision shall be made annually in the budget of the Town by ap- propriation for (a) the amortiza- tion and redemption of the bonds and any notes in anticipa- tion thereof to mature in such year and (b) the payment of in- terest to be due and payable in such year. Section 5. Subject to the pro- visions 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 anticipa- tion 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 riscal of- ricer of the Town. Section 6. The validity of the bonds authorized by this resolu- tion 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 pur- pose for which the Town is not authorized to expend money or (b) thc provisions of law which should be complied with at the date of thc publication of such resolution are not substan- tially complied with, and an ac- tion, suit or proceeding con- testing such validity, is com- menced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of thc provisions of the constitution. Section ?. This bond resolu- tion shall take effect immediate- ly, and the Town Clerk is hereby authorized and directed to publish the foregoing resolu- tion, in full, together with a Notice attached in substantial- [y the form prescribed by §81.00 of the Law in "THE LONG ISLAND TRAVELER WATCHMAN," a newspaper published in Southold, New York, and in "SUFFOLK TIMES,' a newspaper publish- ed in Greenport, New York, each having a general circula~