HomeMy WebLinkAboutPayloader UNITED STATESOF AMERIC~
l%To. i srA~ OF h-~w YOaK S 8 5,0 0 0
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
BOND ANTICIPATION NOTE FOR PURCHASE OF A PAYLOADER WITH CLAMPS-1988
The Town of Southold, in the County of Suffolk, a municipal
corporation of the
State of New York, hereby achanwlei~ea itself Indebted and for value received promises to pay to the bea~r of ~ Note, or
if it Be registered, to the z~sterod holder, the sum of
Eiqhty-Five Thousand ........................... DOUSE ($85,000 ........ 4
on the 19th day of May , lg89, to~ether with Interest thereon f~om the date hereof at the rate of
five and twenty-five hundredths ...... per centum (5.25 %) per annum, payable at maturity,
Both principal of and intereat on thls Note will be paid tn lawful money of the United Stutes of America, at
The Bank of New York, Greenport, New York
At the requeat of the holder, the TowI] Clerk sboll convert this Note. into
a t~.~,4stored l~Tole by registering it in the name of the holder ia the books of the Town kept In the office
of such Town Clerk and endorsing a certificate of such rogistration hereon, after which both
,This Note shall then Be transfel~able only upon pres~tation to such Town Clerk
· dth a wrltten transfer of title and such Town Clerk shall thereupon register this
l~ote in the n~me o! the transferee In his books and shell e~dorse a certificate of such registration hereon. Such transfer shall
Be da~ed, end signed by the regi~ered holder, or his legal roprezmtatives, and it shall be duly acknowledged or proved, or In
the nltern~ve the signature thereto chall be certified os to its genuIneness by an officer of ~ 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 $85,000.
TMsNote ~issuedpu~u~ttotBepro~lo~ of theLoealFinance ~ constitu~g ~rSS-aofthe ~n~ll~t~
~wsoftheSta~ofN~Y0~ the Pond resolution adopted by the Town Board on
March 8, 1988, authorizin9 the issuance of $150,000 serial bonds for
purchase of a payloader with clamps for use by the Department of
Public Works, and the Certificate of Determination exeucted by the
Supervisor on May 20, 1988. This Note has been designated by the
Town as a qualified tax-exempt obligation pursuant to the provisions
of Section 265 of the Internal Revenue Code of 1986, as amended.
~ T~efalthandcredttofsuch Town of Southold areherchy
Irre~i ly pledged fo~ the p~ ~t of ~ p~dp~ of ~d ~ on ~ Note ~g ~ i~ terms.
t k he~ e~ ~d ~ ~t ~ ~n~fl~ ~s ~d ~ ~ by ~e ~n ~d ~tut~ of the
~ ot N~ Yo~k ~ ~ ~ ~ve ~p~ ~d to have ~ pe~o~ p~t ~ and h ~e ~u~ of ~is Not~ ~
~ ~p~ ~d ~ bern p~o~e~ ~d ~t ~ ~o~ ~er ~ ~ o~er ~dobt~ of su~ Town of
~o~ho[d ~ ~ every debt ~d o~er ~it p~crib~ by ~ ~n~tton and laws of such State.
I~W~ W~F, ~he Town of Southold
Bes ~used tills Note to be signal ~utySupervisor
, and its corporate seal to be ~ersuntr affixed and atte~ed by its
ToWn iC].erk andthis Nototobe datedas of 20th daycf May,
SOUTHOL~
~ ,uty
Clerk,
.or
~988.
,. , , ' ', IJNIT~D STATES OF AMERIC,& " ' '' g~ ad t~t%r~ ' '
~.R-1 STAT~ OF N~W YO~K , ) ~ uo.uuu :
-~-Sixty-Eight '~Ousand~--~ ............................... Do~ ($ 6g.O00 ........
~ m~ th ~y, of May , , toge~e~ with futer~ ~e~ from ~e da~ ~r~f at t~ ~te of
Bo~ ~r~clp~ of: ~ ~ ~ ~ 'Note Wffi ~ pdd In hwfut mney of the Unit~ S~ of AmeH~ at '
At the ~::~t ~e ~d~, ~ TO~ Clerk ~i11 convert ~ No~ into
a registered No~ by. ~[~ tt ~ ~e nme of the holder In ~ b~ks ~. the TO~ kept ~ the
of such TO~ Clerk ;" ~d en~m~g a cer[ificate of s~h registra%lon her~n, a~er which ~ ,
pr~cipal of and ~te~t on t~z Note ~H ~ payable only to the reg~s%er~ holder, his legd r~seniahves, suec~m or
~fer~. T~s Note sh~ t~ ~ t~erable only u~n pr~ation to such T~'
shah ~e~upon ~ter this
~th a written ~fer of tffie ~ s~ TO~ Clspk
Note ~ ~e nme of the tr~f~ h his ~ ~d shah ~dorse ~ c?tificate ~f s~ ~e~ ~. ~uch tm~r
~ ~t~ and si~ by ~e ~e~ helot or his le~l r~s~[attves, ~d ~t s~l ~ amy a~now~agea or proveuf .
the ~terna~ve ~e s~gure {~reto ~ be cer[lfi~ ~ to it~ genuineness by an o~ 0f a b~k or trust c~pany
and authorized ~o :~ bus~ in th~ State.
This Note is t~ only Note of an authorized renewal issue, the principal
~ount of which is $68.000.
~s of'the 8tart of ~York, the bohd resolution adopted by the To~ ~ard on N~rch u,
1988, a,uthor,izing the issuance of $150,000.serial bonds f0~ the purchase of a 4~yard
payloader,with ci~ps for use by the ~partment of Public ~rks, a~ the Certificate
of ~tem~nation exeduted by the supervisor on May 19, ~989. This Note has been
designated ~ the To~ as a qualified t~-exempt obligation pursuan't to the
provisions of Section 265 of the Internal Revenue Code of 1986, as ~ended.
The faith ~d er~ of ~u~ T~ of Southo[d are he~eb~
It ~ her~y ~tifled and re.ted ~t ~ con~tlons, ~s ~d t~g~ r~uir~ by, t~ ~ns~Uon ~.~a~}e~eo[.[~
S~ of N~ Yo~ to ~, to have ~ppeued and to have b~ perfomed p~e~t to ~a ~ ~e ~u~ o~ mis l~ot ,
~ve ~ppened ~a Mve ~ ~rfome~ ~d ~at ~ ~ote, ~r ~th aR other '~deb~s of such T~
Of Southold fa ~ every ~ebt ~d o~r l~lt p~scrlbed by ~ ~tion and laws of such S~.
,, IN IVITN~ WHEREOF, TO~ of Southold
has caused this Note to be signed by its
Town Clerk
ATTEST
S%~pervi sot
, and its corporate seal t~ be hereunto affixed and attested by its
and this Note t~ [gth dayof
TOWN OF
May 1989.
,Il
"~0.2R_1
UNITED STATES OF AMERICA
I{TAT.E OF NEW YORK
C~ OF SUFFOLK
2I)WN OF SOUTHOLD
51,000
BOND ANTICIPATION NOTE ~R PU,~CHASE oF A 4-YARD PAYLOADER WITH CLAMPS-1990
iThe T°wn ,of, Southold, in the County of Suffolk, a municipal corporation of
New York, hereby nckon~ledges itself lncleht.ed and for value received pro~ses to pay to the bearer of this Note, or
if it he registered, to the luegiatere6 holder, tho ,sontot
---Fi~ty-One Thouaand ..................................... Dollars ($ 51,000 .......... -)
on th~ 17th day of May , 1991, to~othor with inter~t thereon from the date hereof at the rate of
---SIX and treaty-four hu~qdredthS-~ .... ~ ...... per centum ( 6.24 %) per'aunun~ payable at u~tarity.
]Both principal of and later~t .on rigs Note will be ;paid in lawful money of the United S~tes of America, at
NORsTAR BANK, N.A.; Southold, New York.
At u~,~lu~t 9f the ho!der, the, Tcr~n Clerk shall c~nvert this Note Into
f~ ~ ~n thilt i~'ote' shall be p~yable only to the .registered holder, his lesal representatives, successors or
This ~ote slmlt then bl~ tr~u srerat le on y uI ~ u I resent&iron to such
with it written tritnsfer of title md sush ' ?.vii ('~ c~."k ~hall thoroopoo register lifts
Hote in *he name u! the tr,msferee in his books mt4 shall endorse u certificate ?f s.ne!.~ .regi,st[itt~,.~,~;wr.~~. ~lU~r~ tur~n~~ o~lr'~lnl
be dated, and.~l~d by tho regi.~tered holder or bls le~i rt' ~rcs~tatis-es, and it snail m: uuy · ' g p "
thc alternative the slgl{itture thereto shall be cerllBed a~ to ils getutin~nc~s hy mt oITicer of *t beak or tntst company ]ocated
~ttli] ,mthorized in ~lolntsiu~ss in this State.
This Note fs i~.ed pursuant te the provisiotm of the Local Finance I.aw, c~sUtntlng Chapter ~-a of the Con.lid*tied
l,awsolthmStatcof~o~ ~e 1) ~ ~-~l'~ u{ } ~'~ ;~' ) "(~( ~ ~ ,T,.~..~ c~ (
.]9~, au~noriz~iK~ I~:~ L~su~m(:.:.) ',>l' fL}.5(),0".)~; ~(.?'ta: o~)ndx to' the [:.u~'c:~a*ae c:~ ~i .:-*/,:~"~
~isi~ns o;' a.~:l.i~)n 2~5 of %h~ In:e:'na. I~>',.er,ue (:.:'x':e c: ]986, 4~:
Titefalthandcrsdltofsuch · ~.. ,- ~., ,,;.~ ,: urcl!ereity
ir~v~ably pledge for t~ pun~ua[ pa{~t of thc prbu'ip~ of and btter~t on this Note ~(~btg to its terms.
It is he.by ~liiecl ~d ~ Otat ~1 condit~ ~ts ~d tl]ln~ ~uir~ by t~. C~st~hztion
~ o~ N~' York ~ ~ist, te have ~ppooed and to have heel performed pn'~t to eno m the L~Uanee 0z tats . Ore, elm ,
hove hopp~ ~d hom~ b~ perfo~, ~d ~at rigs ~ote, ~)~ther with Git other im]ebt~ne~ of Huch ,..
I,r~'s of s,{:h State.
~ )U .h~ i ·
O~' '"' t' ,.~ d is within e~cry ~bt and o~mr i~nit p~scrib~ by tho ~uetitntion mid
IN WITWESS ~'HEREOP, ';'(~.~:l O1' i~C;.l:
las tensed fids Note to be si~d by it~
C ~e:'k
, and tiff t~n*porste 8~al m be Borneo affixed and nt~s~ by its
EXTRACT OF MINUTES
Meeting of the Town Board of the Town of Southold,
in the County of Suffolk, New York
March 8, 1988
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 March 8, 1988 at 7:30 o'clock
P.M. (Prevailing Time).
There were present: Honorable Francis J. Murphy,
Councilpersons:
Supervisor; and
Raymond W. Edwards, Justice
Jean W. Cochran
George L. Penny IV
Ruth D. Oliva
Ellen M. Larsen
There were absent: None.
Also present:
Supervisor Murphy
and moved its adoption:
Judith T. Terry, Town Clerk
James A. Shondebare, Town Attorney
offered the following resolution
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW
YORK, ADOPTED MARCH 8, 1988, AUTHORIZING
PURCHASE OF A 4-YARD PAYLOADER WITH CLAMPS FOR
USE BY THE DEPARTMENT OF PUBLIC WORKS, 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 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
FOLLOWS:
Section 1.
of all the members of
The Town of Southold,
Suffolk, New York (herein called "Town"),
to purchase a 4-yard payloader with clamps
said Town Board) AS
in the County of
is hereby authorized
for use by the Department
of'Public Works of 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
financing includes the issuance of
Town to finance said appropriation,
of taxes on all the taxable real property in the Town to pay
principa~ of said bonds and the interest thereon as the same
shall become'due and payable.
therefor. The plan of
$150,000 ser. ial bonds of the
and the levy and collection
the
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, 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. 28 of the Law, is fifteen (15)
years; however, the bonds authorized pursuant to this resolution
or any 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 issuance of such bonds or notes.
(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 DroDerty 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 of
the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper
published in Southold, New York, and in "THE SUFFOLK TIMES," a
newspaper published in Southold, New York, each having a general
circulation in the Town
newspapers of said Town
and hereby designated the official
for such publication.
The adoption of the foregoing resolution was seconded by
Councilwoman O[iva and duly put to a vote on roll call, which
resulted as follows:
AYES: Supervisor Murphy, Councilwoman Cochran, Councilman
Penny, Councilwoman Oliva, Councilwoman Larsen.
NOES: Justice Edwards.
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
March 8, 1988, has been compared by me with the original minutes
as officially recorded in my office in the Minute Book of said
thereof and
Town Board and is a true, complete and correct copy
of the whole of said original minutes so far as the
to the subject matters referred to in said extract.
IN WITNESS WHEREOF,
same relate
I have hereunto set my hand and
affixed the corporate seal of said
Town of Southold this 8th day of
March, 1988.
(SEAL)
Town Clerk
PLEASE PUBLISH THE FOLLOWING "NOTICE" AND ATT;~CHED BOND RESOLUTION IN
ITS ENTIRETY ON MARCH :24, 1988, 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
Commissioner of Public Works Jacobs
Town Clerk's Bulletin Board
NOT I CE
The resolution published herewith has been adopted on the 8th day of March,
1988, 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
SOUTHOLD TOWN CLERK
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW
YORK, ADOPTED MARCH 8, 1988, AUTHORIZING
PURCHASE OF A 4-YARD PAYLOADER WITH CLAMPS FOR
USE BY THE DEPARTMENT OF PUBLIC WORKS, 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 FINANCE SAID APPROPRIATION.
THE TOWN BOARD OF THE TOWN OF
SUFFOLK, NEW YORK, HEREBY RESOLVES (by the
less than two-thirds of all the members of
FOLLOWS:
Section 1. The Town of Southold,
Suffolk, New York (herein called "Town"),
SOUTHOLD, IN THE COUNTY OF
favorable vote of not
said Town Board) AS
in the County of
is hereby authorized
to purchase a 4-yard payloader with clamps for use by the Department
of'Public Works of 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
principa~ 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, 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. 28 of the Law, is fifteen (15)
years; however, the bonds authorized pursuant to this resolution
or any 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 issuance of such bonds or notes.
(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 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 SS1.00 of
the Law in "THE LONG ISLAND TRAVELER-WATCHMAN," a newspaper
published in Southold, New York, and in "THE SUFFOLK TIMES," a
newspaper published in Southold, New York, each having a general
circulation in the Town and hereby designated the official
newspapers of said Town for such publication.
STATE OF NEW YORK)
SS:
COUNTY OF SUFFOLK)
JUDITH T. TERRY, Town Clerk of the Town of Southold, New York,
being duly sworn, says that on the 17th day of March 1988
she affixed a notice of which the annexed printed notice is a true copy, in
a proper and substantial manner, in a most public place in the Town of
Southold, Suffolk County, New York, to wit:
Town Clerk's Bulletin Board, Southold Town Hall, Main Road,
Southold, New York 11971.
Notice of Adoption by the Town Board of Bond Resolution, on March 8, 1988,
authorizing purchase of a 4-yard payloader with clamps for use by the Depart-
ment of Public Works, estimated maximum cost of $150,000, and authorizing the
issuance of $150,000 serial bonds of the Town to finance said appropriation.
Judith T. Terry~'
Southold Town Clerk
Sworn to before me this
17th day of March 19 88
~' Notary- Public '-~ -
ELIZABETH ANN NEVILLE
Notary Public, State of New York
No. 52-8125850 Suffolk County
Term Exp res October 31.19~,.~_
AFFIDAVIT AS TO NO CONFLICT OF
INTEREST
STATE OF NEW YORK
COUNTY OF SUFFOLK
:SS:
Judith T. Terry, being duly sworn upon his/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-~--~-ribed in the Certificate of Determination
executed by the-~PpeU~visor on the twentieth day of May, 1988, 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.
Subscribed and sworn to before me
this twentieth day of May, 1988.
N0tar~Public, State of ~ew York
N0._6..2.:_6,126 _860. Suffolk County
Ter~,, r.~rm ~'ta~r 31. lg..~
Town Clerk
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.
NOTICE
The resdlution published
herewith has been adopted on
the 8th day of March, 1988, and
the validity of the obligations
authorized by such resolution
may be hereafter contested on-
ly if such obligations were
authorized for an object or pur-
pose for which the Town of
Southold, in the County of Suf-
folk, New York, is not authoriz-
ed to expend money or if the
provisions of L*w which should
have b~en.complied with as of
the date of publica~tion of this
Notice were not substantially
complied with, and an. action,
suit or proceeding ¢oqtesting
such validity is commenced
within twenty days 'after the
publication of this Notice, or
such obligations wer~uthoriz-
ed in violation of the provisions
of the constitution.
JUDITH T. TERRY
SOUTHOLD TOWN CLERK
COUNTY OF SUFFOLK
ss:
STATE OF NEW YORK
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 ~.0/aT
BOND . RESOLUTION' OF
THE TOWN OF SOUTHOLD,
NEW YORK, ADOPTED
MARCH 8, 1988,
AUTHORIZING PURCHASE
OF A 4-YARD PAYLOADER
WTH CLAMPS FOR USE BY
THE DEPARTMENT OF
PUBLIC WORKS, STATING
THE ESTIMATED MAX-
IMUM COST THEREOF IS
$150,000, APPROPRIATING
SAID AMOUNT THERFOR,
AND AUTHORIZING THE
iSSUANCE OF $150,000
SERIAL BONDS OF SAID
TOWN FINANCE SAID
APPROPRIATION.
THE TOWN BOARD OF
THE TOWN OF SOUTHOLD,
IN THE COUNTY OF SUF-
FOLK, NEW YORK,
HEREBY RESOLVES (by the
favorable vete of not less than
two-thirds of all the members of
said Town Board) AS
FOLLOWS:
Section 1. The Town of
Southo[d, in the County of Suf-
folk, New York-(-her~n called
"Town"), is hereby agthorized
to purchas~ a 4:~'a:rd payloader
with clamps for use by the
Departmeot of Public Works of
the Town. Thc estimated max-
imum costs of said specific ob-
ject or purpose, including
preliminary costs and costs in-
cidental thereto and the financ-
ing 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 appropria-
tion, 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 theron 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, constituting
Chapter 33-a of ,he Con-
solidated Laws of the State of
New York (herein called
"Law") fo finance said
appropriation.
Section 3. The following
additional matters are hereby
determined and declared:
(a) The period of probable
usefulness of said specific object
qr purpose for which said
$150,000 serial bonds authoriz-
ed pursuant to this resolution
are to be issued, within the
limitations of Section 11.00 a.
28 of the Law, is fifteen (15)
years; however, the bonds
authorized pursuant to this
resolution or any bond anticipa-
tion notes issued in anticipation
of the sale of such bonds shall
mature no later than five (5)
years from the date of original
issuance of such bonds or notes.
(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 107.00
d. 4 of the Law.
(c) The proposed maturity of
the bonds authorized by this
Sworn to before me this ......... ~..~. ........ day of
Notary Public
BARBARA FORBES
Not~.ry Pablic, State of New York
No. 48068~_6
Qualified in Suffolk County
Cotrmfismon Expires ~7_~. ~/ 19 °~°~
day of ~~.~ 1
~ such ~,m~ ~' '
after contested only if such
oblip~s ~ ~d f~ an
object ~ ~ ~ w~ch ~e
ff ~e p~;-~'lsv whch
sh~ be~ ~'~ wi~ ~
of ~e d~ ~ ~bH~ of ~
No~ce were ~ substantially
c~p~ wi~, ~ an a~, sffit
· t m ~ti_'on 6' Tho
al hen, .thorized .pur~ an ~..~a. -~od~d
"~. ~ds, may ~ ~TE OF NEW YO~K )
., ~ ' (a) su~ oblig~
~~~ ' ~o~d for an gE ) SS:
of ~e for w~ch ~e To~
. . ~ from sh~ ~ ~phe , .
__ __ of Greenport, in
resolution arc notCounty' being duly sworn, says that he/she is
~ to 10c provided as a
· ~[~ns~nt prior to !he
n~'~ th* b~nds authorized
t~ or any
~s issued in
~ ~.~ d. 4 of
s antho~d by ~is
complied with, .
and an action, sult,pal Clerk of THI: SUFFOLK TIMl:~. a Weakly
contesting such val~na er Greenport, in the Town
· ' we, r P , published at
menced within t
the date of such pubuthold. County of Suffolk and State of New
(c) such obli and that the Notice of which the annexed is
authorized in vinlati(
visions of the const~ted copy, has been regularly published in
Sectie~ 7. ~ be..
shaUtake effect immNeWspaper once each week for _~
the Town Clerk is h% successively, commencing on the 2,1
· * ~ill not exceed five (5) years.
'~ .......... T~'~'"~-: ..~ctinn 4. Each of the bonds
SAm TOVm ~AS~...?~F~..' [": suthod=d ~ ~s. molutin? and.
pROPRIATION. ';; ~ ~'~" ) "any bo~d anectpauon hUmS tssueo
THE TOWN BO~ in antic/pat/on of the sale of said
TOVm OF sot~moi.~ ~ ~
cOUNTY OF SUFFOLK,'. NEW
YORK. HEREBY RESOLVI~ (by
the favorable vo~e of n~ loss limn
two4hlrds of idl the ln~l~ers of
said Town Bo~d) AS FOLLOWS:
Section 1. The Town of
Socthold, in the County of SOf-
folk, New York (herein called
"Town"), is hereby authorized to
purche~ a 4-yard payloader with
dampS for use by the Depaflment
of Public Works of the To~. The.
estimated maximum cost of ~aid
specific object or purpose, in-
cindin$ preliminary costs and
costs incidental thereto and the fi-
nancing thereof, is $150,000 and
said amount is hereby appsopriatod
therefor. The plan of financing
includes the issuance of $150,000
serial bonds of th~ Town to fi-
nance said appropriation, and the
levy and collection of t~x~ 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
be~ds shall eenttin the ~cital of
v~lidity as I~escrihed by Section
52.00 of th~ Law and said bonds
and any notes issued in anticipe-
ernl obligations of the Town,
payable as to both pdnefpal and
interest by general tax upon ali
the taxable real property within
the Town without limitation of
rate or ~motmt. The faith and .
credit of the Town ate hereby
irrevocably pledged to the punctual
payment of the principel of and
interest on said bonds and any
no~s issued in anticipetion of the
sale of said bonds md provision
shall be made annually in the
budget of the Town b y
appropriation for (a) the amor-
tization and redemption of the
bonds and any notes in anticlpa-
lion thereof to mato~ in such year
and Co) the payment of inte~st to
he due and p~yable in such year.
Section 5. Subject to the pro-
visions of this resolution and of
the Law and Imrsunnt to the provi-
rized and directed to
foregoing resolution,
gether with a Notice
substa~tiidly thc forn
by §81.00 of the
LONG ISLAND TR
WATCHMAN." a new:
March 19.88
Ushnd in Southold, Nee Principal Clerk
in "THE SUFFOLK ~
newspaper p~blishn~~ (~/'
New Y~, ~ h ' ~O b~Rro me this _ _
of.id To. ,.ch ,,/ I