HomeMy WebLinkAboutTelephone System UNITF~STATESOF AM~RIC&
NO, ~ STATE OF NEW YORK S3 0,0 0 0
COUNTY OF SUFFOLK
TO%~ OF SOUTHOLD
BOND ANTICIPATION NOTE FOR NEW TELEPHONE SYSTEM-1986
The Town of Southold, in the County of Suffolk, a municipal
co.rporation of the
~ftf ate of New York, hereby acknowledges Itself indebted and for value received p~mflses to pay to the bea~er of this Note, or
It be re~stere~ to the registered holder, the stun of
........... Thirty Thousand ..................... ~oll~ ($30,000 ........ ~)
on the 16th d~y of January ,1987, to~ther with interest thereon from the date hereof at the rate of
Five ....................................... -per ccetum ( 5 ~) per annum, payaMe at maturity.
Both prlndpel of and interest on tlds No~e will be pakl ~n lawful money of the United States of America, et Yhe
North Fork Bank & Trust Co., Mattituck, New York
At the ~equest of the holder, the Town Clerk shs/Icenvertth~sNoteinto
a re~stered Note by regh~ring it in the -~e of the holder in the books of the Town kept in the office
of such Town Clerk and cedorslng a ~erttflcate of such reg~traf. Mn hereon, after which both
~ctps/ of and ~nterest mi th~ Note shall be payable o~ly to the regtstere~t holder, his legal rel~rescetatives, successors or
sfereeo. TMs Note shall then be transferable o~]y upon presentation to such Town Clerk
with a written transfer of title a~t such Town C 1 e r k shall thereupon ~gi~er th~
the -- eu, a~..~ s!~ned ~y the re~ holder, or Ms legs/ represc~ta, tive~ and it shall be duly acknow~dged or proved, or m
.~lt.e.rna,~ve..the.si~n .~ .t~e,~ _s~?.l be ccrti~ed ss to its ~eoumeness by an off/cer of a bank or trust eomp~ny lacated
ana au~onzea ~o an ou~me~ ~ to~
This Note is the only Note of an authorized issue, the
prineipal amount of which is $30,000.
Law .T~,.~e~.b~s~..~ ~uanttothepmvhM~ of ~e ~culF~ceLa~censtithffa$Chapter~-aofthe ~solMated
so,~e~te~o~New ~o~ the bond resolution adopted by the Town Board on
December 3, 1985', authorizing the issuance of $30,000 serial bonds
for the purchase and installation of a new telephone system at the
Southold Town Hall, and the Certificate of Determination executed
by the Supervisor on January ~7 , 1986.
The rs/th and credit of ~ch Town o f Southold are he,by
lrrevac~tbly ~led~ed for the punctual payment of the principal of and interest on this Note according to its terms.
~ ~s nere~y cert~ed and re.ted that all conditions, acts and thin~s required by the Constttut/on and statutes of the
otato of New York to exist, to have happened and to have heen performed precedent to and in the issuance of this Note, ~
have happened and have been performed, and that tigs Note~ to~ether with all othe~ indebtedness of such Town o f
Southold ~ wtt~n e,ve, ry. dcht aud other limit prescribed by fJm Constltut~n end laws o~ such State.
IN WITNESS WHEREOF, the Town of Southold
h~ ~ed th~ Note to
~eput~. .
own
~s~a~9 Supervisor
-~,,:,~l, this Note to be dated as of the 1 7th day of
,~, ,x~l~Uc~ NDN ~O~ TOWN
19 86
UNITEDSTATESOF AMERICA
2R-1 STATE OFNEW YORK S18,000
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
BOND ANTICIPATION NOTE FOR NEW TELEPHONE SYSTEM-1988
The Town of Southold, in the County of Suffolk, a municipal
corporation of the
State of New York, ~reby schnowle4~s Itself indebted ~d for value r~iv~ p~ ~ ~y ~ ~e ~ of ~ Not~ or
if It ~ ~ to ~ ~ ~ld~, ~ sm of
Eighteen Thousand .............................. Do~. ($18,000 ........ ~
~ ~e 13th &y of January ,1989, to~er ~ ~te~t ~ fr~ ~e &re ~f at ~e ~e of
per ~n~ ( 5.09 %) p~ ~u~ payable at mm~rliy.
Beth ~dp~ of ~d ~ ~ ~ N~e ~ ~ ~ h lawf~ ~ney of ~ U~ St~ of ~erl~ at the
Bank of New York, Greenport, New York
At the request of the holder, the Town Clerk ~]~ convert this Note into
a re$4stered Note by registering it in the .sine of the holder in the books of the Town kept in the office
of such Town Clerk and endorsing a certificate of such registration hereon, after which both
principal of and interest on this Note shall be payable only to the registered holder, his legal representatives, successors or
transferees. This Note shall then be transferable only upon presentation to such Town Clerk
with a writtea~ transfer of title and such Town Clerk shall thereupon ~.gister this
~eO~a.in?e n.~.e of. .the .t. ra~fe.r~e in. his books and shen endorse a certmcate of such registration hereon. Such transfer shall
t'- ~a,?o, a~..a s.~mon, vy ?e .,ry~g~.ereo;, h~,,lder, or ~ legal r .~.reseatatlves, and it shall be duly acknowledged or proved, or in
u~.a~ .r~,nap. ye. ~e.sl~,na~ure mereto suau ho certified as to ~ts genuineness by an officer of a bank or trust company located
ana aur. oonzea ~o ao onsineas in this State.
This Note is the only Note of an authorized renewal issue,
the principal amount of which is $18,000.
~ .'l.'~....~eis ~ued ~rsuant~theprovisionsoftheLocall~uaneeLaw, constl~g ~r88-aofthe ~n~li~d
w$ofz~eS~te0fNow x0~ the bond resolution of the Town of Southold adopted
by the Town Board on December 3, 1985, authorizing the issuance of
$30,000 serial bonds for the purchase and installation of a new
telephone system at the Southold Town Hall, and the Certificate of
Determination executed by the Supervisor on January 15, 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.
Thefalthandcredltofsuch Town of Southold arehereby
lrcevooably pled~xl for ~ pun~ pa~t of ~e p~p~ o~ ~d ~r~t on ~ No~ ~g to i~ te~s.
... I} ~ he~ ~ ~d ~d~ ~at ~ ~nffi~on~ ~s ~d ~ ~i~ by ~e ~on ~d statutes of ~e
~ or ~ew xor~ ~ ~ ~ have ~pp~ed ~d ~ ~ve b~ pe~o~d p~t ~ ~d ~ the ~u~ of ~ Not~ ~
have ~pp~ ~d ~ve b~ ~Ho~e~ ~d ~at ~ N~ ~er ~ ~ o~r hdcht~s of such Town of
Sou~ho[d ~ ~ ~e~ ~ ~d ~r l~it p~crib~ by ~ ~Hon and laws of su~ State.
IN W~N~S WHE~F, ~he Town off Southold
has caused this Note to be si~ned by
Town Clerk
Clerk
Supervisor
, and Its corporate seal to be hereunto affixed and attested by its
and this l~ote to be dated as of the 15 t h day o! iry
TOWN
~988.
;visor
BOND ANTICIPATION NOT~ ~IDR I',!~, TEL~ SY~1989
T~ ~ of Southold,' in t~ Cowry s~fo~, a municipal corporation of the
"sta~e o~'Ne~ Yo~k, m~eb~ a~a%~%~ it~nl i~e~ea aa~ ~or val~e ~e~,~ promme, to ~r to me m~-,, o~ t~ Not~
~ ~ ' 12th day of : J~ , 19 90, to~r ~th Inter~t ~ f~m ~e ~ he~f at ~c ~e of
~T~ B~, N.A., ~t~ld, ~w York.
, ~a ~{~ No~ by ~g i~ ~ ~e n~ ~ ~ holder in t~ ~ks of the ~ kept m the
p~6pal of a~ ~ter~t on th~ ~ ~ ~ pay~le ~ly to t~e ~e~ hoM~. ~is le~ repr~tattv~, sue~rs oF
~th a written ~s~er of ~e ~ sn~ T~ C~rk ~ t~e~on ~tstev
~ote ~'~ ~e o~ t~ ~evee ~ ~ ~s ~d sh~ ~vse a certmate o~ sn~ ~tr~ion he~. S~ t~ter s~l
t,e ~t~vnati~ ~e si~atare thereto $~ ~ ~H~ ~ to ,ts ~numen~s by an o~i~r at a ~=~ ar ~st ~pany
:'~is ~e is '~ only ~t,e of ~ aut~rized rene~l iss~, t~ pr~ci~
~t of which is $12,000.
UNITED STATES OF AMERICA
4R-1
~O. STAT~. OF N~W YO~K ~ 5.000
Cou~ OF SUF~LK
~'~ OF SO--OLD
The Town of Southold, in cd0 ylo} ~.t~flf a municipal corporation of
~he
of lqew Yor]q h?.rehy ,yk,ow]*~ lt~lf ~~~mis~ te pay to ~ ~,, o, this ~ot,
If it be ~ to me re~r~ holdar~ the sum o~ ....... ~ ~ ~
-~-Six Thousand ...................................... a=_ ~a~ (~ 6,000 ...........
o~ the il th day of January ,19 9% ~er ~th intent ~er~n from the date ~f at ~e rate
---SIX ....................................... per centum (6.00~) per a~um~ payable at m~rity.
Bo~ p~clp~ of and ~terest on ~is Note win ~ ~id ~ lawful ~ney of ~e U~ Stat~ o~ ~eri~ at
SUFFOLK COUNTY NATIONAL BANK, Cutchogue, New York.
At the ~lue~t of the holder, the To~m Clerk shall convert this Note into
a registered Note by registerhg it in the name of the holder in the books of the TO~.TI kept in the office
of such Town Clerk and endorsing a certificate of such registration hereon, after which both
principal of and interest on this Note shah be payable only to the registered holder, his legal representatives, successors or
tra.n~ferces. This Note shall then be transferable only upon presentation to such To1~h3 Clerk
with a written transfer of title a~d such ~ . Town Clerk shall thereupon register this
Note in the name of the transferee in his books and.shll~sllel~p~rtifi£~te of s~lch registration hereon. Such transfer shall
be dated, and signed by the registered hold. e~g]~l~' .l~[~s~t~a~e~l.d it shall be duly acknowledged or proved, or tn
the a]ternstive the slgnature theretu shall y~llli~l~ne~In officer of a bank or trust company located
and authorized to do business in this State.
This Note is the only o~t~l lu}~Im' newal issue, the principal
amount of which is $6,000,
The Suffolk Cou NationalGank
RI~II~RI'IE,~ NEW Y(~
This Note is issued pursuant to the provisions of the Local Finance L~ constituting Chapter 8~-a of tim Consolidated
Laws of the Slate of NewYork, the bond resolution adopted'I~the To~m Board on December 3,
1985~ authorizing the issuance of $30,000 serial bonds for the purchase and
installation of a new telephone system at [he Southold Town Hall, and the Certificate
of Determination executed by the Supervisor on Januar} 12, 1990. This Note has been
designated by the To~m as a qualified tax-exempt obligation pursuant to the
provisions oi Section 265 of the Internal Revenue Code of 1986, as amended.
The faith and credit of such Town of Souihold are hereby
irrevocably ~ledged for the punctual payment of the principal of and interest on tiffs Note according to Its terms.
It is nershy certified and recited that all conditions, acts and things requlred by the Constitution and statutes of the
State of New York to exist, to have happened grid to have been performed precedent to and in the issuance of this Note, exist,
have happened and have been performed, and that~l~ ~'~.'~. I ~' ~.this N~thel~lh ~11 other indebtedness of such To~m
of Southold is within eve~q~~sc~y' the Constitution and laws oi such State.
IN WITNESS WHEREOF, To,m~Southold
JAN 1 1 1991
bas caused this Note to be si~ned by it8 lheSuffolkCountyNationalBank
#nTl emv/ aew YORK
, and it~ corporate sea] to be hereunto affixed and attested by
Tram Clerk and tbi~ Noto to be damd as of the ,12thdayof January, 19 90.
TOWN OF
ATTEST:
Su
EXTRACT OF MINUTES
Meeting of the Town Board of the Town of Southold,
in the County of Suffolk,
New York
December 3, 1985
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 3, 1985 at 7:30
o'clock ~.M. (Prevailing Time).
There were present: Mon. Francis J. Murphy, Supervisor;
and
Councilpersons:
Justice:
Joseph L. Townsend, Jr.
Paul Stoutenburgh
James A. Schondebare
Jean W. Cochran
Raymond W. Edwards
There were absent:
No one.
Also present:
Supervisor Murphy
Judith T. Terry,
Robert W. Tasker,
Town Clerk
Town Attorney
offered the following resolution
and moved its adoption:
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW
YORK, ADOPTED DECEMBER 3, 1985, AUTHORIZING
THE PURCHASE AND INSTALLATION OF A NEW
TELEPHONE SYSTEM AT THE SOUTHOLD TOWN HALL,
STATING THE ESTIMATED MAXIMUM COST TMEREOF IS
$30,000, APPROPRIATING SAID AMOUNT THEREFOR,
AND AUTMORIZING THE ISSUANCE OF $30,000 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
Suffolk, New York (herein called
IN THE COUNTY OF
favorable vote of not
said Town Board) AS
Southold, in the County of
"Town"), is hereby authorized to
purchase and install a new telephone system at the Southold Town
Hall. The estimated maximum cost of said specific oblject or
purpose, including preliminary costs and costs incidental thereto
and the financing thereof, is $30,000 and said amount is hereby
appropriated therefor. The plan of financing includes the
issuance of $30,000 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 $30,000, 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
oblject or purpose for which said $30,000 serial bonds authorized
pursuant to this resolution are to be issued, within the
limitations of Section 11.00 a. 25 of the Law, is ten (10) years;
however, the proposed maturity of said serial bonds or any notes
issued in anticipation %hereof shall not exceed five (5) years
from the original date of issuance of said obligations.
(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
or
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 of the Town, 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-
MATTITUCK WATCHMAN," a newspaper published in Southold, New York,
and in "THE 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
CouncHman Stoutenburah and duly put to a vote on roll call, which
resulted as follows:
AYES: Supervisor Murphy, Councilman Townsend, Justice Edwards,
Councilman Stoutenburgh, Councilman Schondebare, Councilwoman Cochran.
NOES: None.
The resolution was declared adopted.
General - No Veto
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 $outhold duly called and held on
December 3, 1985, 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
Town of Southold this
December, 1985.
seal of said
3rd day of
(SEAL)
Town Clerk
JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
Town Hall, 53095 Main Road
P.O. Box 728
Southold, New York 11971
TELEPHONE
(516) 765-1801
PLEASE PUBLISH THE ATTACHED NOTICE AND BOND RESOLUTION IN ITS ENTIRETY
ON DECEMBER 12, 1985, AND FORWARD THREE (3) AFFIDAVITS OF PUBLICATION TO
JUDITH To TERRY, TOWN CLERK, TOWN HALL, MAIN ROAD, SOUTHOLD, NEW YORK
11971.
Copies to the following:
The Suffolk Times
The Long Island Traveler-Watchman
Town Board Members
Town Clerk's Bulletin Board
NOTICE
The resolution published herewith has been adopted on
the 3rd day of December, 1985, 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 DECEMBER 3, 1985, AUTHORIZING
THE PURCHASE AND INSTALLATION OF A NEW
TELEPHONE SYSTEM AT THE SOUTHOLD TOWN HALL,
STATING THE ESTIMATED MAXIMUM COST THEREOF IS
$30,000, APPROPRIATING SAID AMOUNT THEREFOR,
AND AUTHORIZING THE ISSUANCE OF $30,000 SERIAL
BONDS OF SAID TOWN TO FINANCE SAID
APPROPRIATION.
SUFFOLK,
less than two-thirds
FOLLOWS:
Suffolk,
purchase
THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF
NEW YORK, HEREBY RESOLVES (by the favorable vote of not
of all the members of said Town Board) AS
Section 1. The Town of Southold, in the County of
New York (herein called "Town"), is hereby authorized to
and install a new telephone system at the Southold Town
Hall. The estimated maximum cost of said specific oblject or
purpose, including preliminary costs and costs incidental thereto
and the financing thereof, is $30,000 and said amount is hereby
appropriated therefor. The plan of financing includes the
issuance of $30,000 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 $30,000, 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
oblject or purpose for which said $30,000 serial bonds authorized
pursuant to this resolution are to be issued, within the
limitations of Section 11.00 a. 25 of the Law, is ten (10) years;
however, the proposed maturity of said serial bonds or any notes
issued in anticipation thereof shall not exceed five (5) years
from the original date of issuance of said obligations.
(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 of the Town, is hereby authorized
and directed to publish the foregoing resolution, in full,
together with a Notice attached in substantially the form
prescribed by 381.00 of the Law in "THE LONG ISLAND TRAVELER-
MATTITUCK WATCHMAN," a newspaper published in $outhold, New York,
and in "THE 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.
STATE OF NEW YORK:
SS:
COUNTY OF SUFFOLK:
JUDITH T. TERRY,
York, being duly sworn,
years; that on the 6th
Town Clerk of the Town of Southold, New
says that she is over the age of twenty-one
day of December 19 85, 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 Bulletin Board, Southold Town Hall, Main Road,
Southold, New York 11971.
Bond Resolution - Purchase and installing a new telephone system at
the Southold Town Hall - $30,000 serial bonds. Resolution
adopted by the Southold Town Board on December 3, 1985.
Judith T. Terr~/
Southold Town Clerk
Sworn to before me this
6th day of December 19 85
-- "~ ~ Notary Public
EUZABETH ANN NEVILLE
NOTARY PUBUC, State of New Yolk
No. 52-8125850, Suffolk Cou, Qt~
Tefrn Expires March 30,
NOTICE
herewith has been edopted on.
the 3rd day of December,'
1985, and the validity of the
obligations authorized by such
resolution may be "hereafter
contested o~ly if such obli~a-
tions were-~authorized.for an
object or purpose for which the
TOWN ON fK)UTHOLD, in the
County of 61lffolk, Now York,
is not alllh~ized to expend
money ~r i~the provisions of
law which should have been
complied with as of the date of
publication of this Notice were
not suhslamtially complied
with, and:.m~ action, silit or
proceed~contesting such va-
lidity ~ commenced within
twenty days after the publica-
tion 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 DE-
CEMBER 3, 1985, AUTHOR-
IZING THE PURCHASE AND
INSTALLATION' OF A NEW
TELEPHONE SYSTEM AT
.THE SOUTHOLD TOWN
HALL. $TATIi~ li~E I~TI-
MATED MAXIMUM COST
THEREOF IS $30,000, AP-
PROPRIATING SAID A-
MOUNT THEREFOR, AND
AUTHORIZING THE ISSU-
ANCE OF S30,000 SERIAL
BONDS OF SAID TOWN TO
FINANCE SAID APPROPRI-
ATION.
THE TOWN BOARD OF
THE TOWN OF SOUTHOLD,
IN THE COUNTY OF SUF-
FOLK, NEW YORK, HEREBY
RESOLVES (by the favorab}e
vote of mt k~ th~ two-
: said Town Boerd) AS FOL.
LOWS:
Section 1. The Town of
Southold, in the County of
Suffolk, New York (herein cell-
ed "Town"), is hereby author-
ized to purchase and install a
oew telephone system at the
$outhold Town Hall. The esti-
mated maximum cost of said
:' specific obje~;o,~ pi~'pose, in-
clud/ng preii~inary~osts and
costs incide~..~.thereto and
the financing thereof, is
$30,000 and said amount is
hereby appropriated therefor.
The plan Of financing includes
the issuance of $30,000 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 $30,000, are hereby
authorized to be issued put-
suant to the provisions of the
Local Finance Law, constitut-
lng Chapter 33-a of the Con-
solidated Laws of the State of
New York (heccin called
"Law") to finance said appro-
priation.
Section 3. The following ad-
ditional matters are hereby
determined and declared:
(a) The period of probable
usefulness of said specific ob-
ject or purpose for which said
.$30,000 serial bonds authoriz-
ed pursuant to this resolution
are to be issued, within the
limitations of Section 11.00 a.
~ of the Law, is ten (10) years;
however, the proposed matur-
.ky of said serial bonds or any
I;otes issued in anticipation
thereof shall not exceed five
(S) years from the original date
· f issuance of said obligations.
(b) Current funds are not
required by the Law to be
provided as a down payment
prior to the issuance of the
.~onds authorized by this reso.
COUNTY OF SUFFOLK
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 ......... ~..'~. ~ ......
Sworn to before me this ..................... day of
Notary Public
BARBARA FORBES
Notary Public, State of New York
No. 4806846
Qualified in Suffolk County .~.
Commission Expires March 30, 19J'K'~
ed pursuant to this resolution
are to be issued, within the
limitations of Section 11.00 a.
25 of the Law, is ten (10) years;
however, the proposed matur-
ity of said serial bonds or any
notes issued in anticipation
thereof shall not exceed five
(5) years from the original date
of issuance of said obligations.
(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 reso-
lution 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 anticipa-
,c ton of said bonds, shall be
general obligations of the
Town, payable as to both prin-
' cipal and interest by general
tax upon all the taxable real
:~ property within the Town with-
~ out lira tation of rate or am-
ount. The faith and credit of
the Town are hereby irrevoc-
.ably pledged to the punctual
payment of the principal of
. and interest on said bonds and
any notes issued in anticipa.
tion of the sale of said bonds
and provision shall be made
annually in the budget of the
Town by appropriation for (a)
lhe amortization and redemp-
tion of the bonds and any notes
in anticipation thereof to ma-
ture in such year and (b) the
payment of interest 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
~lative to the authorization of
. the issuance of bond anticipa-
tion notes and of Section 50.00
~nd Sections 56.00 to 60.00 of
t~e Law, the powers and du-
ties of the Town Board relative
'to authorizing bond anticipa-
· tiou notes and prescribing the
· terms, form and contents and
~s to the sale and issuance of
the bonds herein authorized
~md of any bond anticipation
nOtes issued in anticipation of
uid bonds, and the renewals
· ~said notes, are hereby dele-
gated to the Supervisor, the
~ief fiscal officer of the Town.
Section 6. The validity of the
konds authorized by this reso-
· lation and of any notes issued
'~ ~ anticipation of the sale of
. ~id bonds, may be contested
only if:
. (a) such obligations are
giorized for an object or pur-
pose for which the Town is not
~mthorized to expend money.
or
. (b) the provisions of law
~h)ch should be complied with
,~the date of the publication of
..g~.~eh resolution are not sub-
~ntiallv complied with,
~1 an action, suit or proceed-
t~ contesting such validity, is
Commenced within ~weuty
~,~ys after the date of such
~lication, or
'c~} such obligations are au-
, ,~ed in violation of the pro-
~]~ns of the constitution.
· $!~$ection 7. This bond resolu-
:"~ shall take effect immed-
'~f~ly, and the Town Clerk of
· ~ Town, is hereby authorized
~d directed to publish the
~taegoing resolution, in full,
. .l~gether with a Notice attaeh-
~ in substantially the form
prescribed by §81.00 of the
lanv in "THE LONG ISLAND
TRAVELER WATCHMAN," a
I~Wspaper published in South-
old, New York, and in "THE
S~JFFOLK TIMES," a news-
ll~aer published in Greenport,
~ York, each having a
The. resolution published
herewith has been adopted on the
" 3rd day of December, 1985, and
the validity of the obligations au-
thorized 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 substan-
tially complied with, and an ac-
tion, suit or proceeding contest-
lng such validity is commenced
within twenty days after the pub-
lication of this Notice, or such ob-
ligetions were authorized in vio-
l intion oftheprovisionsofthecon-
s stitution.
n JUDITH T. TERRY
ti Town Clerk
o~ BOND RESOLUTION OF
iD THE TOWN OF SOUTHOLD,
of NEW YORK, ADOPTED DE-
th CEMBER 3, 1985, AU-
du THORIZING THE PUR-
l CHASE AND INSTALl. A-
To' TION OF A NEW TELE-
$3l PHONE SYSTEM AT THE
to l SOUTHOLD TOWN HALL,
v/s/ STATING THE ESTIMATED
cor~ MAXIMUM COST THEREOF
Con IS $30,000, APPROPRIAT-
of . lNG SAID AMOUNT THERE-
FOR, AND AUTHORIZING
S~,
mined and declared:
(a) The period of probable use-
/hiness of said specific object or
purpoae for which said $30,000
aerial bonds authorized pursuant
to this resolution are to be issued,
within the limitations of Section
11.00 a. 25 of the Law, is ten (10)
maturity of said aerial bonds or
thereof shall not exceed five (5)
years from the original date of
isauance of said obligations.
Co) Current funds are not re-
quired by the Law to be provided
isanance of the bonds authorized
by this resolution or any bend
anticipation notes issued in anti-
cipation thereof in accordance
with Section 107.00 d. 4 of the
(c) The proposed maturity of
tim bonds authorized by this re-
aelution will not exceed five
Section 4. Each of the bonds
authorized by this resolution and
any bond anticipation notes is-
of said bonds shall contain the
recital of validity as prescribed
by Sectian 52.00 of the Law and
~id 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
proporty within the Town with-
m~t limitation of rato or amount.
~,~[~l/~-c~ith a~d cr~lft of the Town
~I~zroby irrevocably pledged to
~ punctual payment of the
principal of and interest on said
~ and any notes issued in
aaiidpation of the sale of said
bomts and provision shall be
ma~ annually in the budget of
the Town by appropriation for (a)
th~ amortization and redemption
of. th~ bonds and any notes in
m~icipation thereof to mature in
such year and (b) the payment of
in~t to be due and payable in
sueh year.
Section 5. Subject to the provi-
sions ofthiz resolution and of the
Law and pursuant to the provi-
~ions of Section 30.00 relative to
the authorization of the issuance
of bond anticipalSon notes and of
Section 50.00 and Sections 56.00
to 60.00 of the Law, the powers
and duties of the Town Board re-
lative to authorizing bond antici-
STATE OF NEW YORK
COUNTY OF SUFFOLK
Mary K, De.nan of Greenport, in
said County, being duly sworn, says that he/she is
Rrincipal Clerk of THE SUFFOLK TIMES, a Weekly
Newspaper. published at Gresnport. in the Town
of Southold. County of Suffolk and State of New
York. and that the Notice of which the annexed Is
a printed copy. has been regularly published In
said Newspaper once each week for one
weeks successively, commencing on the ] ?
dayof December 19 85_