HomeMy WebLinkAboutTub GrinderIINI E--TDSTATES ' "
OF ANIERICA.
STATE OF ~EW ~ORK
OF SUF~
OF S~O~
~ 13,600
NOTE FOR PURCHASE OF TUB GRINDER-1989
' ,The Town Q~ Southold, in tY~ County of s6ffolk, a nunicipat 'corpOration
, ,,of ,,th~ ' ,
, State of IV~ York, .}a~'. l~y a~.kn(~,l.c~,s Itself indebted
'if it be register~ to th~ regmtered holder, the sum ot
--- ..... Thirteen Thousand $±x Hundred .................... Dollars ($13,600 ........ £--)
'.on th~ ~Ed da[ of ,.~Ut'~lSt . , 1990 , together with interest thereon from the date ,hereof at the r~te of
...... five and eighty-nine,, , , hundredths, ........ per centum ( 5.89%) per annum, p~¥able at ma~rRy.
Both pr~Cfpal 0! and ~terest on %h~ l~ote will be paid ha lawful money of the United 8tate~ of Americs. at
NorStar Barck, Soothold, New York.
At tbs ~du~t: ot tbe ~oldel, ~e Town Clerk sh,ll Convert Chh Note Lnto
Is. Tl~stered' Note b!P, rcgisterhag it iu'the,namk~ of the holder iatbe books of the' q~CAv'fl kepi in the 0fficc
I:of *~" ,, q~z~ri, Clerk ~ , , , a.qd, endowing a :certifiers of ~eh re4t~ot~n hc~n, after which, ~th,
· pr{~'t~l 0{ ~d Jni~t ~' th~ No~, ~ll be pavable ~lv ~ the reghtered ~tder, '{m~ lcg-l,,3N-'P~atoil~cs, su~s or
Iran~ieree~. This .Nutu ,l"dl then he tran~feral,le re'dy h?lm'pre,e:~tatiu:~ to such 'l'O~.: C]¢?-".~.
N e n the Tt&l e o¢ ti e tIItT~il'erl!e it! his i,!oo~s flltd lhl !] I! 'i a c('rlificnlc of SILl'[1 re~.'~'.rlt, lon i,let-~o11..~lll']t transfer ~hr~l
Ix' ~ t~l a d, Line y he rc{Yisterel., der or hiu k'gai,
'this Kohl £~ i~l~d pu~uant to the propjet,m,; of th(: I~e.l l:iniLrwe Law, constlluUvg Ch,pte:' :~-~L O[ thc
l.~ws of tbe State oE ~ew York, . ~(, ~)")"X] ;'('::0 i d { } ()D ;](J')~q ('d b',' i he i'{)'n['l ~)c%~i 011 ,itt[If) 't,
'~od waste tub gz'i,:ac~r, ~lnd Lhe Cci'tit it&aa c>f :~te.";nL::atmn ex~x:u~ed by
Supx~rwis(')r on Au!lu.'~'. 4, 1989. '['Dis ~?.0 }~iS bt'e!% de:~J~ln~!~od by t.}lc~ 'it"n-al ail
qultJ~ Fi~J t(~-ema'g.:t obl%ENHmioi) p, ir~m!mt LO ti)e i>tx:%'l~ko':;~ of Secti~::' 2/)b Ok L"e
Im ernal. Revenue Code rcf .1956, ~ls or~:Kt~:~.
The faith mid crtdit o~' SlWlt ~0'.','[I Of ~:;'U: I'~>. d ,,~ hrrel,y
rrevocabls' ded I for {:he ! 'il d lla.','fflent of L} c [ ri '] I of ] iT h:r(!st on this .~nte r. ccurdillg hi it~ lernl;.
have Ilapl)cned a~ul have been perfommd, and that thi~: Note, together with all other hadcht~lm'ss
SOUtllf):d is within every d(4:t mul other Li:r. zl. pn'~crd,ed by the Conatitutio,
t'nlis~d tlii~ Note ~.o I!l! qii~e(l h¥ It~
CLerk
BY
R- 2
800. O0
UNITED STATES OF AMERICA
STATE OF NEW YORK
-; - ~O~JNT-¥ 0 F- SldFFO L-I~
T O~~T ~ L D
The Town of Southold, in ~~ffolk, a municipal corporation of the
State of New York, hereby acknowledges itself' i~d~bted and for value received
promises to pay to the bearer of this Note, 0r if it be registered, to the registered
holder, the sum of FORTY THOUSAND EIGHT THOUSAND ...................
......................................... Dollars ($40,800.00 ........ ) on
the 5th day of August , 1988, together with interest thereon from the
date hereof at the rate of Four and 24/100 .....................................
per centum (4.24%) per annum, payableat maturity. Both principal of and interest
on this Note will be paid in lawful money of the United States of America at 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 resgistering 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 ~[own Clerk shall thereupon register this Note in
the name of the transferee~ls~l~aoks aT~d-~ll~fJl-~dorse a certificate of such
registration hereon. Such tr.~i~sf~J~-jll~'l~ cjj~d, and signed by the registered
holder, or his legal represl~l~j~i~hJ~.~J~e duly acknowledged or proved,
or in the alternative the S'~llJjl~ure thereto shaJlJl~J certified as to its genuineness
by an officer of a bank or d authorized to do business in
this State. 1
This Note is the only '[~'~J~,~j~j~lJ~sue, the principal amount of which
is $40,800.00.
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 Tow'n Board on June 4, 1985, authorizing the
issuance of $82,000.00 serial bonds for the purcahse of a wood waste tub
grinder, and the Certificate of Determination executed by the Supervisor on
August 5, 1987.
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.
ATTEST:
~' ) Town Clerk
It is hereby certified and recited that all conditiqns, acts, and things required
by the Constitution and statt~t-~§'6f-t~'~'Stat'e
~ o--f_J~.~.T~?"l~ork, to exist, to have happened
and to have been performed p~;~r,~l~a~e~JJ~"~Jl~jjJin~ i~suance of this Note, exist,
have happened and have bee~jNflJilli~iiJl~l~tl~l~ote,' together with all other
indebtedness of such Town otJJl~thold is within J~/J~'y debt and other limit prescribed
by the Constitution and Law~,~su~J]~a~l~88
IN WITNESS WHEREOF, ~l~i~tlj~i~hJ~l~t~jilll~l~as caused this Note to be signed
by its Superviso£, and its coJ:~-~'r'~'{]nto affixed and attested by its
Town Clerk and this Note to be dated as-of the 5th..day of August, 1987
NO.1
UNITED~I'ATF~OF ~.~ICA
STATE OFI~EW YORK
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
68,000
BOND ANTICIPATION NOTE FOR PURCHASE OF TUB GRINDER-1985
The Town of Southold, in the County of Suffolk, a
municipal corporation of the
~--Six~-Ei~h~ Thousand ....................... ~s(S 68,000 ........ ~
~ ~ 5th ~y of August ,1988, to~ ~th ~ ~ f~ ~ ~ h~f at ~ ~ of
Four and 94/100 ..........................
P~'~ ~.94 ~) ~~e a~ty,
~ P~ of ~ ~ ~ ~ ~ ~ be P~ ~ law~ ~ of ~ Un~ S~ °f ~ at The
~o~t~ ~o~ ~a~ ~ ~t ~o.~ ~at~t~c~ ~w ~o~k
At the request of the holder, the To%;n Clerk shell c0~vert thh Note ~uth
a re~tered Note by re~4sterhg it in the neme of the homer ~n the books of the Town ks~t in the o~co
of such Town Clerk and e~ldor~ng a cert~cato of such re~stra~lon hereo~ after which be~
~eol of and interest on thk Note shall be payable only 'th the re~stered holder his
ree~ Thk Note shall then be transferabl~ only upon pl-~eat~tlon to such , legal represe~te~ive~, successors or
To~.;n Clerk
with a w~tten trsasfer of title and such Town Clerk s~ml[ thereupon re~ster this
This Note is the only Note of an authorized issue, the
principal amount of v~hich is $68,000.
~ uono resolution adopted by the Town Board on
June 4, 1985, authorizin§ the issuance of $82,000 serial bonds for the
purchase of a wood waste tub 9rinder, and the Certificate of
Determination executed by the Supervisor on August 5, 1985.
The faF~h .ad credit of such Town of Southold are hereby
Store of New York ~o e~dat, to have ~pp.~ ~d ~--~~~.~Y ~ ~t~n ~ ~tu~ of ~
~ ~p~ ~d have ~ perfo~ ~d ~ot ~ ~ ~her ~ ~ o~ l~s of sU~
Town off
IN W~ W~OF, ~he Town off Sou~hold
has caused ~ Mote to be
Town Clerk
its
ATTEST:
Town Clerk
Town Hall, 53095 Main Road
P.O. Box 728
Souttxold, New york 1197l
~[ELEPHONE
(516) 765-1801
JUDIIH T. IERRY
OFFICE OF THE TOWN CLERK
ToWN OF SOUTHOLD
NOTICE AND BOND RESOLUTION IS TO BE pUBLISHED
THE ATTACHED .... ~ ~BLICATION, pLEASE
'" ITS ENTIRETY ON JUN_E_l.3&~1218~ OF PuBLiCATION---JUDITH T. TERRY,
~EE [3) Al-I-lu~v
TOWN cLERK, ToWN HALL, MAIN ROAD, SouTHOLD, NEW YORK 11971.
Copies to the following:
The Suffolk Times
The Long Island Traveler-Watchman
Town Clerk's Bulletin Board
Commissioner of Public Works Dean
Community Dev. Dir. James C. McMahon
NOTICE
The resolution published herewith has been adopted on
the 4th day of June, 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 TOW/~ 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 JUNE 4, 1985, AUTHORIZING
ACQUISITION OF WOOD WASTE TUB GRINDER, STATING
THE ESTIMATED MAXIMUM COST THEREOF IS
$125,000, APPROPRIATING SAID AMOUNT THEREFOR,
INCLUDING THE APPROPRIATION OF $43,000 CURRENT
FUNDS, AND AUTHORIZING THE ISSUANCE OF $82,000
SERIAL BONDS OF SAID TOWN TO FINANCE THE
BALANCE OF SAID APPROPRIATION.
THE TOWN BOARD OF THE TOWN OF SOUTHOLD,
SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not
less than two-thirds of all the members of said Town Board) AS
FOLLOWS:
IN THE COUNTY OF
Section 1. The Town of Southold, in the County of
Suffolk, New York (herein called "Town"), is hereby authorized to
acquire by purchase a wood waste tub grinder. 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, including the appropriation of $43,000 current funds.
The plan of financing includes the expenditure of said current
funds and the issuance of $82,000 serial bonds of the Town to
finance the balance of 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 $82,000, 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 the balance of said appropriation not
provided by said current funds.
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 $82,000 serial bonds authorized
pursuant to this resolution are to be issued, within the
limitations of Section 11.00 a. 32 of the Law, is five (5) years.
(b) Current funds are not required by the Law to be
provided prior to the issuance of the bonds authorized by this
resolution or any bond anticipation notes issued in anticipation
thereof; however, current funds in the amount of $43,000 will be
provided from moneys now available therefor in the current budget
Community Development
of the Town under the heading" Year X "The Supervisor is
Cutchogue Landfill
hereby authorized and directed to set aside said current funds
and to apply same solely to said specific object or purpose
herein described.
(c) The proposed maturity of the bonds authorized by
this resolution will not exceed five (5) years 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 i~ 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 §81.00 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.
EXTRACT OF MINUTES
Meeting of the Town Board of the Town of Southold,
in the County of Suffolk,
New York
June 4, 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 June 4, 1985 at 7:30 o'clock
(Prevailing Time).
There were present:
Council persons:
Justice:
P~M.
Honorable Francis J. Murphy,
Supervisor; and
Joseph L. Townsend, Jr.
Paul Stoutenbur§h
James A. Schondebare
Jean W. Cochran
Raymond W. Edwards
There were absent: None.
Also present:
Councilman Townsend
and moved its adoption:
Judith T. Terry, Town Clerk
Robert W. Tasker, Town Attorney
offered the following resolution
BO~ RESolUTION OF T~E TOV~ OY SOUT~OL~,
yoRK, ~oPTED JL~E ~, 1985, AuThORIZING
ACQUISITION OF woOD wASTE TUB GRINDER, sTATING
THE ESTIMATED MAXIMUM cost THEREOF IS
$125,000, APPROPRIATING sAID AMOUNT THEREFOR,
INCLUDING THE APPROPRIATION OF $43,000 CURRENT
FUNDS, AND AUTHORIZING THE IssuANCE OF $82,000
SERIAL BONDS OF sAID TOWN TO FINANCE THE
BALANCE OF SAID AFPROPRIATION'
THE TOWN BOARD oF THE TOWN OF souTHOLD, IN THE coUNTY OF
SUFFOLK, NEW yoRK, HEREBY RESOLVES (by the favorable vote of not
less than two-thirds of all the members of said Town Board) AS
FOLLOWS:
Section 1. The Town of Southold, in the County of
suffolk, New York (herein called "Town"), is hereby authorized to
acquire by purchase a wood waste tub grinder. The estimated
maximum cost'of said specific object or purpose, including
preliminary costs and costs incidental theretO and the financing
thereof, is $125,O00 and said amount is hereby appropriated
· uding the appropriation of $43,000 current funds.
therefor, mncl .... re of said current
The plan of financing includes the expenam~u
funds and the issuance of $82,000 serial bonds of the Town to
finance the balance of 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 $82,000, 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 the balance of said appropriation not
provided by said current funds.
Section 3. The following additional matters are hereby
determined and declared:
la) The period of probable usefulness of said specific
object or purpose for which said $82,000 serial bonds authorized
pursuant to this resolution are to be issued, within the
limitations of Section ll. O0 a. 32 of the Law, is five (5) years.
lb) Current funds are not required by the Law to be
provided prior to the issuance of the bonds authorized by this
resolution or any bond anticipation notes issued in anticipation
thereof; however, Current funds in the amount of $43,000 will be
provided from moneys now available therefor in the current budget
Community Development
of the Town under the heading" Year X
C~' The Supervisor is
hereby authorized and directed to set aside said Current funds
and to apply same solely to said specific object or purpose
herein described.
lc) The proposed maturity of the bonds authorized by
this resolution will not exceed five (5) years 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
aa 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 §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
Counci;man Stoutenburgh 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 Southold duly called and held on
June 4, 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 seal of said
Town of Southold this 4th day of
June, 1985.
(SEAL)
Town Clerk