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BOND ANTICIPATION NOTE FOR CONSTRUCTION OF DOG PouND-t990 '
,, , , ' ,, ,
"Y-~n~y-Ei~ ~-~,Y-7'17 .... ~~~::--~---~,D~ (* ~8.000---,---~-~--),
~;-g~ ~ ~nty ~ ................. ~ ~ ( 6.20 ~) P" ~ m~,~ "~t~/
~ C~ ,~,~, ~tch~. ~w York. ,
Att~"~ld~'~ T~ Clerk ' :: "aa.at~Nmf,~
a ~r~ ~eby~g~n~of~er in~e~ksof ~e T~ ~ ~,0~
of su~ T~ Cl~k ~d ~do~h~ a ~i~te ot ~ rent,aNon ~rm~ a~ whl~' ~
,p~dpd of ~ ~ter~t ~ faa N~ sh~ ~ ~le o~ly to the re~e~ ~1~, h~ leE~ ~ s~ or
{~s~e~s. Th~ N~e sh~ t~ ~ t~i~le ~y u~n p~ntation to ~ T~ Cl~k
'wl~ a ~ttm ~sfer of title ~ su~ T~ Cl~k ~ ~n ~ster ~
'~ ,,~, of,the ~sfere, h,~ '~ ~ s~ ~o~ , e~ca~ of .~ r~tr,~ ~. S~ ~er ~
aha aumortz~ ~ oo ousl~ m ta~ ~tat~
This Note is the only Note ~an~N~.o .~newal issue, the principal
~ount,of which iq $28,,000.I~!~.';.. '" * ~tml!l~
i986, auth~g" t~ ~s~
a d~ ~ at:Pectic ~ ~ Scut~
e~ut~ ~ t~ S~isor on ~r 9, 1990. ~s ~ ~ ~n desi~at~ by
t~ T~ ~ a ~ified t~-~t obligation p~s~t {o t~ provisions of ~ction
265 of t~ Inte~ ~ven~ C~e of 1986, ~ ~nd~.
The f. ith amd c~lt of ~uek Town of Southold are hereby
... ~ ~.~ ~r~ ~ ~ ~at ~ ~n~ ~ ~d ~ ~i~ ~ ~ ~ ~d sta~t~ of ~
,~ or ~ Iork ~ ~s~ to ~ve ~p~ ~d to have ~ ~o~cd p~~to ~ ~ ~e ~ of ~is No~ ~
T~
has c~uscd this Note to be signed by ifs
Town Clerk
L.:: 2;u,qc. lk County No. '~; ~ ~ ~.3 a.qi%
Supervisor ,~} ¢ F. RH£AD, NE'w ~'.~{
and this Note ~o be dated as of tlie 9th d~f ~e
~ O~ ~O~
Su~isor
AT~ES~
Clerk'
i990,.
UNITED STATES OF AMERICA
STATE OF NEW YORK 8 42,000
~O; 2R-1
COUNTY OF SUFFOLK
,,
ANTICIPATION NOTE,FOR CONSTRUCTION oF I]OG POUND-1989
' County of ' ' ' .... '
The Town of Southold, in: the Soffolk, a municipal ,coFporation of
the' ' ' "
Stats of ~ew york, hereby a~mowled~es itself' indebted a~d for value received proml~ to pay to the hea~ee of this Note, or:
if a he r~sistere0, to t~ reststered holder, th~ sum of
---:--,--'---,Forty T~vO Thousand ............................ Dollars ($ 42,000 ..........
'on the 9th 'day of ' NoV(~lIlber, , 1990, ~ogether with interest thereon from the date hereof at the rate of
---~ ......... S iX 0nd six hundredths .......... per centmn ( 6.06 %) per annum, payable, at m~turity,
Both pr/nCipal of and lollerest on 'Age Note will be paid in lawful money of the United 'States of America. at
NORSTAR BANK, N.A., ',$o:uthold, New: York.
At the ~tuest of theholdar, ~e To~ffl Ctork shall convert this Note into
a regist,~ed Hot~,by re~lerlug it, in the ~nam~ of the holder in the books of the Town kept in the
'~f si,ch ' ,,ToXin Clerk' , ~ ' ' " ' ' '
prf~.dpal of hnd'inte~e~,-t on this'Xotl;' shah b~ pa~.'ahlb o~Iv tb the regt-~.ercd holder, his l~i~ }~p~ien~afl~es, incveS~rS or'
t~s~em.s. This No~ z[i;d[ then be ~ransferallc o~ly upmi'preseatMio~i 1o such '['. Wll ".](~1'~
wifl~ a writtim transter st ~RIc ~ such 'l {l;'.I'. Ct(il ~ shall the~upon leg~st~ Ihia
Nn{e in the Ball~ og the trm~sferee in h~ I~ks ~d zindl cndorse a certificate st su~ rc~Islratlon hewn. Such tryster shall
[w d~ted, ami sl~l hy the mgister~ hulde~, o~ his leg~ rep~s~taHre.*, ~ld R shall I~ duly ~'hnowledg~l or proved, nr in
the al!ernati~'e the alg~,atum the~tn slmU ~ errtilicd as to tls ~uuincness by an officer of a hank or trust con:puny [oea~ed
m:,l anlhorlzed to do hnsines~ in this State.
Tuts Note ia l~sucd pursuaat to the provisions of the. I~x'~l Finance Law, constiteUng Chapter ~9-a of the Consolidaled
l,awa of the Sta~ of ~ York, '~1~? [l~lld ",}f,cJ.l,ioi; ;Ji:Cpl!:d It:, Iht: I'(l~.li Jkhil':i ,~II .~p.: ~J .~,
The fsith and credit nf such "' ' ' t ) J' ,~L"L I t I 1: ~ I (J r~rc herehv
irre%'oeably plcdb'ed for the puurtud payment nf file p~cJpal nf ami interesL on thls Note ~t('ordinE fo its termp
It is hereby ~ifled m~d r~l~d Omt uti ~nditlons acts ~d ~inga ~ulmd by the (~)nstitution aad statutes of ti~e
Sta~ of New York to ~i~, ~ ha~e happened ami Io lmvc ~t ~crfo~llccl pn'~'dt~t to arid in the i~uan~ of this Note, exist.
ha~e heppm~ed mul have b~l pe~onne(t, abd Olaf Ods No~, ~ther with all ot~r in(leht~nesz of such f(lP. ll I1:
]~i:,~', ['~1 :i ~ within every (Teht and other limit p~scribcd by thc ~nstJtntion ami I :'~'s of , ,c~ State
has ea.s~! this Nnle to be sl~me(1 by itsl)t~jt~/ ':~:.l , and its
~O. Rtl
/ ·
UNITED STATES OF AMERICA
· STATE OF NEW YORK S 56,000
COUNTY OF, SUFFOLK
TOWN OF SOUTHOLD
,BOND ANTICIPATION NOTE FOR CONSTRUCTION OF DOG POUND-1988
Tha' Town:~ of 'Soutllold, in ,the Cotmty 'of SUffolk,' a ramicipal C~rporation of
State o~ New York, hereby acknowledges itself indebted and for value received promises to pay to the hearer of this Note, or
,If it he re&4s/m, zed, to th~ ,registered holder, the sum of
Thousand
........ ~ ........................... Dollars ($56,000 ........... )
on the 9th day' of November ,19 89, tosether with interest thereon from the date hereof at the r~te of
--five and ,severity-four hUl3d_redths .......... per centom (5.74 %) per annum, payable at mahlrlty.
Both principal of snd interest o~ thi~ ,Note will be paid in lawful money of the United States of America, at
, At the,request,0! the hplder, t~, To%vii Cl~rk ,, shall convert this Note into
' a regisIered NOte, by re~terin{~ it in the 'name of the holder in lhe books of the Town kept, in the
of such TOWI3 Clerk , and endorsing a certificate st zueh registration hereon, after which both
~r .......... ~ . s~k. ,, pa~ ble oul~ to the registered holder, his legal rellre~entatives,
..... s,~ ~ u¢ l~'~us~e~&Ole omy upon pre~entatlo~ to suq~ " 'I~: C]~k successors or
wttha written tr~r~fer of title ~ud milch ~ C].6~rk shall thereupon '~e~71stel-'this
, .~ ~ea?~rze n.a~.e of. ,the ?ansfe.ree m hi~, books ~d shall endorse a certificate of such r ' tratinn heres
{'u{ or ~ed ~ ~ o'[)u~ ,~ il,; '~.,~, -' ........ ,~ ,,o '~umuucss Oy:~n omcer ora oan~ or tlust COmpany located
This ~ot~ is the Only Note of an authorized renewal issue, the principal a~ount
of which'is $56,000.
~opt~ by t~ To~ on A~-~ 22,
,,t986,, aUt~r~9 t~ ,,~s~ of $125,000 ~i~ ~s for t~ const~cti~ of
,a d~ ~d at ~c~ic ~ ~ Southotd, ~d t~ Ce~icate of ~te~tion '
~ by t~ ~a~or On~r 10, 1988. ~ ~te ~':~en desi~t~
;~tiQn 265~'~ ~t~ Intel ~ven~ c~e of I986~ ~ ~ed~
faith ,
, ~d ~,of zu~ T~ of Southold are hereby
lN WITNESS ~ HEREOF ' ': ' : :
has eausod this I<oto to be s{Smed bY, its Supervisor
, sad ~s corpora~ ~ni ~ he he~W ~fi~d and a~d,b~ ~s
'TOWn-- Clerk ,, '
8'8
R-1
ATTEST:
~/ Town ClerK-
$70,000.00
UNITED STATES OF A~ERICA
STATE OF NEW YORK
COUNTY OF SUFFOLK
BONI~ ~ N~ FOR
CONSTR~ ON~ 0~.F~ D00~8~O~ - 1987
The Town of Southo~d, ~Vt~e0 ~oSu~nty of Suffolk, a municipal
corporation of the Sta~e~~~by acknowled es z
indebted and for value re~-,~-~---~--~ - g 'tself
~~m~s mo pay to the bearer of
this Note, or if it be registered, to the registered holder, the
sum of Seventy Thousand 00/100 ........ ~£ .... Dollars
($70,000.00) ........... on the l~th day of Novem/)er, 1988,
together with interest thereon from the date hereof at the rate
of four and 95/100the per centum (4.95%) per annum payable at
maturity. Both principal of and interest of this Note will be
paid in lawful money of the United States of America at the
Suffolk County National Bank, Riverhead, New York,
At the request of the holder, the Town Clerk shall convert
this Note into a registered Note by registering in the name of
the holder in the books of the Town kept in the office of such
Town Clerk and endorsing a certificate of such registration
hereon, after which both principal of and interest on this Note
shall be payable only to the registered holder, his legal
representatives, successors or transferees. This Note shall then
be transferable only upon presentation to such Town Clerk with a
written transfer of title and such Town Clerk shall thereupon
register this Note in the name of the transferee in her books and
shall endorse a certificate of such re~[istration hereon. Such
transfer shall be dated, a i b h egistered holder, or
his legal representatives~~~ly acknowledged or
proved, or in the alterna_t~ the signatu~4~heretO shall be
certified as to its genui] ~ D~~
[~es ' of a bank or trust
company located and authorized ~i s in this State.
. The Suffolk C~unty Natioqa. I Bank ~
This Note is the on±y no~~or~ze~ issue, the
principal amount of which is $70,000.00.
This Note is issued pursuant to the provisions of the Local
Finance Law, constituting Chapter 33-a of the Consolidated Laws
of the State of New York, the bond resolution adopted by the
Town Board of the Town of Southold on April 22, 1986, authorizing
the issuance of $125,000.00 serial bonds for the construction of
a dog pound building at Peconic Lane, Southold, in said Town, and
the Certificate of Determination executed by the Supervisor on
November 13, 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 is hereby
irrevocably pledged for the punctual payment of the principal of
and interest on said Note according to its terms.
It is hereby certified and recited that all conditions,
acts, and things required by the Constitution ~d statutes of the
State of New York, to exist; to ;
~~~nedr an~ to have been
performed precedent to and 1 ~his Note, exist,
have happened and have been t~ note, together
with all other indebtedness uch Town of ~hold is within
every debt and other limit p ;cr~ ~l~stitution and
Laws of such State.
l~eoSUffolk [~ourlty National Bank
IN WITNESS WHEREOF, the w~¥~W~A~~has caused this
Note to be signed by its Supervisor, and its co.~orate seal to be
hereunto affixed and attested by its Town Cle~' ~nd this Note to
be dated as of the 13th day of November, 1987.
IUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISflCS
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
Town Hall. 53095 Main Road
P.O. Box 1179
Southold, New York 11971
TELEPHONF
15t6}765-180l
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A SPECIAL MEETING HELD ON DECEMBER 9, 1986:
RESOLVED that the Town Board of the Town of Southold hereby author-
izes the purchase and installation of 600_+ ft. of 6 ft. high cedar stockade
fencefor the Southold Town Dog Pound, at a cost not to exceed $3,900.00;
said expenditure to be paid from Buildings & Grounds, provided there are
sufficient funds available in the 1986 Budget, and in the event there are
not sufficient funds, the expenditure is to be paid from those moneys
provided for in a bond resolution for the construction of the new kennel
bui Idi ng.
~ Judith T. Terry,~'
Southold Town Cler~f(
December 10, 1986
EXTRACT OF MINUTES
Meeting of the Town Board of the Town of $outhold,
New York
April 22, 1986
A regular meeting of the Town Board of the Town of
Southold, New York, was held at the Town Mall, Southold, New
York, on April 22, 1986 at 7:30 o'clock P_.M. (Prevailing Time).
There were present: Deputy Supervisor Frank A. Kujawski, Jr.,
and
Councilpersons:
Justice :
Paul Stoutenburgh
James A. Schondebare
Jean W. Cochran
George L. Penny IV
Raymond W. Edwards
There were absent:
Francis J. Murphy, Supervisor
Also present:
Councilman Penny
Judith T. Terry, Town Clerk
Robert W. Tasker, Town Attorney
offered
the following resolution
and moved its adoption:
BOND RESOLUTION OF THE TOWN OF SOUTMOLD, NEW YORK,
ADOPTED APRIL 22, 1986, AUTHORIZING THE CONSTRUCTION OF
A DOG POUND AT PECONIC LANE IN SOUTHOLD, STATING THE
ESTIMATED MAXIMUM COST THEREOF IS $125,000,
APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE
ISSUANCE OF $125,000 SERIAL BONDS OF SAID TOWN TO
FINANCE SAID APPROPRIATION.
THE TOWN BOARD OF THE TOWN OF SOUTMOLD, 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, New York (herein
called "Town"), is hereby authorized to construct a dog pound at
Peconic Lane in Southold, and to purchase the original
furnishings, equipment, machinery and apparatus required in
connection with the purpose for which said building is to be
used. The estimated maximum cost of said specific object or
purpose, including preliminary costs and costs incidental thereto
and the financing thereof, is $125,000 and said amount is hereby
appropriated therefor. The plan of financing includes the
issuance of $125,000 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 $125,000, 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 existing building is of Class "A" construction
as defined by Section 11.00 a. 11. a of the Law, and the period
of probable usefulness of said specific object or purpose for
~hich said $125,000 serial bonds authorized pursuant to this
resolution are to be issued, within the limitations of Section
11.00 a. 1 of the Law, is thirty (30) years, however the bonds
authorized pursuant to this resolution or the bond anticipation
notes issued in anticipation of the sale of said bonds shall
mature no later than five (5) years from the date of the original
issuance of bonds or notes heretofore or herein authorized for
such purpose.
(b) Current funds are not required by the Law to be
provided as a down payment prior to the issuance of the bonds
authorized by this resolution or any bond anticipation notes
issued in anticipation thereof in accordance with Section 107.00
d. 5 of the Law.
(c) The proposed maturity of the bonds authorized by
this resolution will not exceed five (5) years.
Section 4. Each of the bonds authorized by this
resolution and any bond anticipation notes issued in anticipation
of the sale of said bonds shall contain the recital of validity
as prescribed by Section 52.00 of the Law and said bonds and any
notes issued in anticipation of said bonds, shall be general
obligations of the Town, payable as to both principal and
interest by general tax upon all the taxable real property within
the Town without limitation of rate or amount. The faith and
credit of the Town are hereby irrevocably pledged to the punctual
payment of the principal of and interest on said bonds and any
notes issued in anticipation of the sale of said bonds and
provision shall be made annually in the budget of the Town by
appropriation for (a) the amortization and redemption of the
bonds and any notes in anticipation thereof to mature in such
year and (b) the payment of interest to be due and payable in
such year.
Section 5. Subject to the provisions of this resolution
and of the ~aw 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-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
Councilwoman Cochranand duly put to a vote on roll call, which
resulted as follows:
AYES:
NOES:
Justice Edwards, Councilman Stoutenburgh, Councilwoman
Cochran, Councilman Penny.
Councilman Schondebare.
The resolution was declared adopted.
CERTIFICATE
I, JUDITH T. TERRY, Town Clerk of the Town of Southold,
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 April 22, 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
referred to in said extract.
IN WITNESS WHEREOF,
same relate to the subject matters
have hereunto set my hand and
affixed the corporate seal of said
Town of Southold this 22nd day of
April, 1986.
(SEAL)
Town Clerk
NOTICE
The resolution published
herewith has been adopted on
the 22nd day of April, 1986,
and the validity of the obliga-
tions authorized by such resolu-
tion may be hereafter contested
only if such obligations were
authorized for an object or pur-
pose for which the TOWN OF
SOUTHOLD, 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 substantial-
ly complied with, and an action,
suit or proceeding contedting
such validity is commenced
within twenty days after the
publication of this Notice, or
such obligations were authoriz-
ed in violation of the provisions
of the constitution.
JUDITH T. TERRY
Town Clerk
BOND RESOLUTION OF
THE TOWN OF SOUTHOLD,
NEW YORK, ADOPTED
APRIL 22, 1986, AUTHORIZ-
ING THE CONSTRUCTION
OF ~A DOG POUND AT
PECONIC LANE IN
SOUTHOLD, STATING THE
ESTIMATED MAXIMUM
COST THEREOF IS $125,000,
APPROPRIATING SAID
AMOUNT THEREFOR, AND
AUTHORIZING THE IS-
SUANCE OF $125,000
SERIAL BONDS OF SAID
TOWN TO FINANCE SAID
APPROPRIATION.
THE TOWN BOARD OF
THE TOWN OF SOUTHOLD,
NEW YORK, HEREBY
RESOLVES Coy the favorable
vote of not less than two-thirds
of all the members of said Town
Board) AS FOLLOWS:
S~ction I. The Town of
liouthold, New York (herein
called "Town"), is hereby
I~uthorized to construct a dog
~und at Peconic Lane, in
uthold, and to purchase the
Original furnishing, equipment
.~'hinery and apparatus re-
~ tlui~ed in connection with the
I~urpose'for which said building
~ to be used. The estimated
maximum cost of said specific
object or purpose, including
Preliminary costs and costs in-
cidental thereto and the financ-
ing thereof, is $125,000 and said
amount is hereby appropriated
therefor. The plan of financing
i~cludes the issuance of
:1125,000 serial bonds of the
: Town to finance said appropda-
, tlbn, and the levy and collection
' Of taxes on all the taxable real
I:~operty in the Town to pay the
principal of said 6onds and the
ii,crest thereon as the same
shall become due and payable.
Section 2. Serial bonds of the
Town in the principal amount
of. $125,000, are hereby
authorized to be issued pursuant
to the provisions of the Local
Finance Law, constituting
Chapter 33-a of the Con-
solidated Laws of the State of I
New York (herein called
"Law") to finance said '
appropriation.
Section 3. The following ad-
ditional matters are hereby
determined and declared:
(a) Th~ existing building is of '
Class ",~' construction as
del'reed by Section 11.00 a. 11.
a of the Law, and the period of
probable usefulness of said
Sl~eific object or purpose for
which said $125,000 serial
bonds authorized pursuant to
this resolution are to be issued,,
within the limitations of Section
11.00 a. I of the Law, is thirty
(30) years, however the bonds
authorized pursuant to this
resolution or the bond anticipa-
tion notes issued in anticipation
of the sale of said bonds shall
mature no later than five (5)
years from the date of the
original issuance of bonds or
notes heretofore or herein
authorized for such purpose.
CO) Current funds are not re-
quital by the Law to be provid-
ed aa a down payment prior to
the issuance of the bonds
authorized by this resolution or
any bond anticipation notes
issued in anticipation thereof if
a.~.o~ance with Section 107.00
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 / ~
Sworn to before me this ..................... day of
....... ........... ,
Notary Public
BARBARA FORBES
Ilotary Pub".'e, State o£ New York
No. 42~b6g~6
Qual;£i~c{ in Su££olk County
CothmiSSlOrl Expires ~
a of the Law, and the period of
probable usefulness of said
specific object or purpose for
which said $125,000 serial
bonds authorized pursuant to
this resolution are to be issued,
within the limitations of Section
11.00 a. I of the Law, is thirty
(30) years, however the bonds
authorized pursuant to this
resolution or the bond anticipa-
tion notes issued in anticipation
of the sale of said bonds shall
mature no later than five (5)
years from the date of the
original issuance of bonds or
notes heretofore or herein
authorized for such purpose·
(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 if
accordance with Section 107.00
d.5 of the Law.
(c) The proposed maturity of
the bonds authorized by this
resolution will not exceed five
(5) years·
Section 4. Each of the bonds
authorized by this resolution
and any bond anticipation notes
issued in anticipation of the sale
of said bonds shall contain the
recital of validity as prescribed
by Section 52.00 of the Law and
· said bonds and any notes issued
in anticipation of said bonds,
shall be general obligations of
the Town, payable as to both
principal and interest by general
tax upon all the taxable real pro-
perty 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
~onds and any notes in anticipa-
non 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-
. vtslons of this resolution and of
the Law and pursuant to the
provisions of Sectoin 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,
lind the renewals of said notes,
are hereby delegated to the
Supervisor, the chief fiscal 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
Ituthorized for an object or pur-
I}ose for which the Town is not
· ~t~thorized to expend money, or
(b) the provisions of law
which should be complied with
ut the date of the publication of
such resolution are not substan-
tially complied with,
and an action, suit, or pro-
eeeding contesting such validi-
ty, is commenced within twen-
ty days after the date of such
publication, or
(c) such obligations are
authorized in violation of the
provisions of the constitution·
,~ection 7. This bond resolu- ·
lion shall take effect immediate-
I~, and the Town Clerk is
h~'eby authorized and directed
tO pub!ish the foregoing resolu-
tion, in full, together with a
Notice attached in substantial-
/S11~ form prescribed by §81.00
o~ the Law in "TILE LONG
~TCND TRAVELER
HMAN," a
published in Southold, New
York, and in "THE SUFFOLK
TIMES,' a newspaper publish-
~ ill Greenport, New York,
e~ having-a general circula-
tion in the Town $1ncl
NOTICE
The resolution published
herewith has been adopted on the
22nd day of April, 1986, and the
validity of the obligations au-
thorized by such resolution may
be hereafter contested only if nal issuance of bonds or notes
such obligations were authorized heretofore or herein authorized
for an object or purpose for which
the TOWN OF SOUTHOLD,
New York, is not authorized to
expand 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 com-
menced 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, ADOPTEE
APRIL 22, 1986, AUTHORIZ
ING THE CONSTRUCTION
OF A DOG POUND AT PE
CONIC LANE IN SOUTH
OLD, STATING THE ESTI
MATED MAXIMUM COS~
THEREOF IS $125,000, AP
PROPRIATING SAIl
AMOUNT THEREFOR, ANI
AUTHORIZING THE IS
SUANCE OF $125,000 SE
RIAL BONDS OF SAIl
TOWN TO FINANCE SAIl
APPROPRIATION.
THE TOWN BOARD OF THI
TOWN OF SOUTHOLD, NEY
YORK, HEREBY RESOLVE
(by the favorable vote of not les~
than two-thirds of all the mem-
FOLLOWS:
Section 1. The Town of South-
old, New Ycxk (herein called
"Town"l, is hereby authorized to
construct a dog pound at Pecouic
Lane in Southold, and to pur-
chase the original furnishings,
equipment, machinery and ap-
paratus required in connection
with the purpose for which said
building is to be used. The esti-
mated maximum cost of said spe-
cific object or purpose, including
preliminary costs and costs inci-
dental thereto and the financing
thereof, is $125,000 and said
amount is hereby appropriated
therefor. The plan of financing
includes the issuance of $125,000
serial bonds of the Town to fi-
nance 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
$125,000, 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 appropria-
tion.
Section 3. The following addi-
tional matters are hereby deter-
mined and declared:
(al The existing building is of
Class "A" construction as defined
by Section 11.00 a. 11. a of the
Law, and the period of probable
usefulness of said specific object
or purpose for which said
$125,000 serial bends authorized
pursuant ~o this resolution are tc
be issued, within the limitations
of Section 11,00 a. I of the Law,
is thirty (30~ years, however the
bonds authorized pursuant to
this resolution or the bond antici-
pation notes issued in anticipa-
tion of the sale of said bonds shall
mature no later than five ~5~
years from the date of the origi
See Le~els, Page
for such purpose.
(b) Current funds are not re-
quired by the Law ts be provided
~s a down payment prior to the
issuance of the bonds authorized
by this resolution or any bend
anticipation notes issued in anti-
cipation thereof in accordance
with Section 107.0~ d. 5 of the
Law.
(c) The proposed maturity of
the bonds authorized by this re-
solution will not exceed five (5)
years.
Section 4. Each of the bonds
authorized by this resolution and
any bond anticipation notes is-
sued 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/saued
in anticipation of said bends,
shall bo general obligations of
the Town, payable as to both
principal and interest by general
tax upon all the taxable real
property within the Town with-
out 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 note~ issued in
anticipation of the sale of said
bonds and provision shah be
made annually in the budget of
the Town by appropriation for la)
the amortization and redemption
of the bonds and any notes in
anticipation thereof to mature in
~uch year and ih) the payment of
Interest to be due and payable in
such year.
Section 5. Subject te 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 Section 56.00
to 60.00 of the Law, the powers
and duties of the Town Board re-
lative to authorizing bond antici-
pation notes and prescribing the
terms, form and contents and as
te the sale and issuance of the
bonds herein authorized and of
any bend antic/pation notes is-
sued in anticipation of said
bonds, and the renewals of said
notes, are hereby delegated to
the Supervisor, the chief fiscal 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 au-
thor/zed for an object or
purpose for which the Town
is not authorized to expend
money~ or
(bi 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
lc) such obligations are au-
thor/zed in violation of the
provisions of the constitu-
tion.
Section 7. This bond resolution STATE OF NEW YORK )
shall take effect immediately, ) SS:
and the Town Clerk is hereby au- COUNTY OF SUFFOLK
thorized and directed to publish
the foregoing resolution, in full,
together with a Notice attached
in substantially the form pre- [-[p~f-ho~- C'LiE_~olc of Greenport, in
scribed by §81.00 of the Law in said County. being duly sworn, says that he/she is
"THE LONG ISLAND
TRAVELER-MATTITUCK Principal Clerk of THE SUFFOLK TIMES, a Weekly
WATCHMAN," a newspaper Newspaper, published at Greenport, in the Town
pabhshed in Southold, New
York, and in "THE SUFFOLK of Southold. County of Suffolk end State of New
TIMES." a newspaper published
in Greenport, New York. each York. end that the Notice of which the annexed is
having a genera] circulation in e printed copy. has been regularly published in
the Town and hereby designated
the omcial newspapers of said said Newspaper once each week for ~
Town for such publication, weeks successively, commencing on the
ITMyl-5229
day of ~,i~t? 19 86
Principal Clerk
Sworn to before me this ~_
. ' / / ~ Term Expires