HomeMy WebLinkAboutTB-02/26/1962Moved by Councilman D~marest; ~se~onded by Justice Tuthill:
WHEREAS, the Superintendent of Highways ~has advised the Town Board
that the extremely icey condition of the roads this winter has required
extraordinary and extensive salting and that during such emergency it
was necessary that additional salt be purchased without delay, and
wHEREAs, 'th~ Super.inte~de~t of. Highways has also advised the Town Board
that he deemed it necessaryto purchase said salt immediately and has
requested that .the TOWn Board ratify such purchase and approve the
paYment ~hereof,
NOW; ~THE~ORE, BE IT RESOLVED: That the Sown Board does hereby deem
Such purchase by the Superintendent of Highways to be in-all respects
proper a~d does hereby ratify such actions of the Superintendent of
~ighw~ys and does hereby approve the payment thereof.
Vote of the Town Board: Ayes:-Supervisor Albertson; Councilmen
Demarest and Grathwohl; Justices Tuthitl and~Clark.
Moved by Councilman Demarest; seconded by Councilman Grathwohl~
WHEREAS, ~Harold D. Price, Superintendent of Highways, informed th~s
Board that the L. I. Produce and Fertilizer Company was ~the ~lowest~
bidder for a 1962 dump truck,
NOW, THEREFORE, BE IT RESOLVED: That the Town Board approves the
a'cti6n of Harold Price, Superintendent of ~ighways, in the purchase
of sai~ truck in ~ccordance with bids submitted.
vo~e of the T own Board: Ayes:-Supervisor Albertson; Councilmen
Demarest and Grathwohl; Justices Tuthill and Clark.
Albert W. Richmond
Town Clerk
Adjournment was at 4:~5 P.M.
MEETING OF FEBRUARY 26, 1962.
WE, the undersigned, being members of the To~n Board of the Town of
southold, Suffolk County, New York, do hereby severally waive notice
of the time, place and purpose of the meeting of the Town Board to be
held at Greenport, in the Town of Southold, New York, on Monday,
February 26, 1962, and do hereby consent that the same be held on
said date for the transaction of any business which may properly
come before said meeting. D~ed: February 26, 1962, Southold, N.Y.
Lester M. Albertson, Supervisor Ralph W. Tuthill, Justice
Corwin C. Grathwohl, Councilman Henry A. Clark, Justice
Louis M. Demarest, Councilman Albert W. Richmond, Town Clerk
A special meeting of the Southold Town Board was held at the Town Clerk's
Office, Main Road, Southold, New York on Monday, February 26, 1962 , the
members of the Board having waived notice of the time, place and purpose
of the meeting. The meeting was called to order by the Supervisor, Lester
M. Albertson, at 10:30 P.M. with the following present: Supervisor
Albertson; Councilmen Demarest and Grathwohl; Justices Tuthill and Clark;
Town Attorney Tasker and Town Clerk Albert Richmond.
The following resolution was offered by Justice Clark who moved its
adoption, seconded by Justice Tuthill to wit:
~REAS, the Town Board of the Town of Southol~ heretofore authorized
the issuance of a deferredpayment note in the amount of $20,000.00
pursuant to a resolution adopted on February 2, 1959, in connection
with the purchase of real estate for use as a public bathing beach and
recreational area, which said note was dated and issued on March 3, 1959
to The First National Bank of Greenport, New York (now The~Val~ey
National Bank of Long Island), and
WHEREAS, by the terms of said deferred payment note resolutio~ dated
March 3, 1959, the deferred payment note authorized pursuant thereto
provided for the payment of not less than 20% of the aggregate.principal
amount of said note, together with interest at the rate of 2-~/2~ per
annum, and ~_~
WHEREAS, pursuant thereto, the sum of $4,000.00 was paid on account of
said note on or about March 3, 1960, and a renewal of said note in.the
principal amount of $16,000.00 was then duly executed and d~livered by
the Supervisor of the Town to The First National Bank of GreenP~rt, New
York (now The Valley National Bank of Long Island), and on or about
March 3, 1961 a ~econd renewal thereof in the amount of $12,000.00 was
duly executed and delivered to said Bank, and said note,was due and
payable on March 3,~ 1962, and the Town Board desires to pay the sum
of not less than 20% of the aggregate principal' amount of said note,
to wit, the sum of $4,000.00 and to issue a renewal deferred payment
note for the unpaid balance of principal due thereo~, to wit, .the
sum of $8,000.00.
NOW, THEREFORE, BE IT RESOLVED that the Town Boar~ o~ the Town of
Southold, Suffolk County, New York does hereby authorize the' issuance
of a deferred payment no~t~ in the principal amount of $8,000.00 for a
term of one year with interest at the rate of 2-1/2%,payable at
maturity, and
BE IT FURTHER RESOLVED, that th~ power to sell such deferred payment
note is hereby delegated to the Supervisor, the chief fiscal officer.
Such note shall be of such terms, form and qontents, and shall be
sold in such manner, as may be prescribed by the Supervisor, consistent
with the provisions of the Local Finance Law.
The question of the adoption of the foregoing resolution was duly put
to a vote on roll call, which resulted as follows: Supervisor Albertson
voting yes; councilman Grathwohl voting yes; Councilman Demarest voting
yes; Justice Tuthill voting yes; Justice Clark voting yes.
The resolution was thereupon declared duly adopted.
Adjournment was at 10:40 P.M.
Albert W. Richmond
Town Clerk