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HomeMy WebLinkAboutComputer HardwareMATURED BOND ANTICIPATION I'~IOTES Used Fronb~End~.Loader $70,000.00 date of maturity 5/29/87 EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York October 23, 1984 A regular meeting of the Town Board of the Town of $outhold, in the County of Suffolk, New York, was held at Town Hall, Southold, New York, on October 23,1984 at 7:30 o'clock ~.M. (Prevailing Time). There were present: Honorable Francis J. Murphy, and Councilmen: Joseph L. Townsend, Jr. Raymond W. Edwards Paul Stoutenburgh James A. Schondebare Jean W. Cochran the Supervisor; There were absent: None Also present: SupervisorMurphy and moved its adoption: Judith T. Terry, Town Clerk Robert W. Tasker, Town Attorney offered the following resolution BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED OCTOBER 23~1984, AUTHORIZING THE ACQUISITION OF COMPUTER HARDWARE FOR VARIOUS TOWN DEPARTMENTS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $19~00, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $19,500 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two-thirds of all the members of said Town Board) AS FOLLOWS: Suffolk, acquire Section 1. The Town of Southold, in the County of New York (herein called "Town"), is hereby authorized to computer hardware for various Town departments. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $19,5',00 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $19,500 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 $19,500, 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 class of objects or purposes for which said $19,500 authorized pursuant to this resolution are the limitations of Section 11.00 a. 81.(a) serial bonds to be issued, within of the Law, is ten (10) years, but the purposed maturity of said serial bonds or bond anticipation notes issued in anticipation thereof shall not exceed five (5) years from the original issuance of 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 §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 i~ Greenport, New York, each having a general circulation in the Town and hereby designated the official publication. This resolution was seconded by Vote of the Town Board: Ayes: newspapers of said Town for such Councilman Townsend Councilwoman Cochran, Councilman Schondebare, Councilman Stoutenburgh, Justice Edwards, Councilman Townsend, Supervisor Murphy. This resolution was declared duly adopted. CERTIFICATE I, JUDITH T. TERRY, Town Clerk Of the Town of Southold, in the County of Suffolk,i State of New York, HEREBY CERTIFY that the foregoing annexed extract from the min~Jtes of a meeting of the Town Board, of said Town duly, called and held on October 23, 198~,, 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 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 ~ corporate seal of said Town this 23rd day of October, 1984. Town Clerk (Seal) COUNTY OF SUFFOLK STATE OF NEW YORK Patricia Wood, being duly sworn, says that she is the Editor, of THE LONG ISLAND TRAVELER-WATCH~AAN, 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-Watch- / man once each week for ........................................ weeks /~- suc¢~siYelg~ commencing on the .................................... da .....~ ........... ~ ~ ~. Sworn to before me this / ................................ doy of .......... ............. , Notary Public BARBARA FORBES Neta~ Public, State of New Yore Jqo. 48068~ Qua~ift~l in 8uffo)k Co,mt7 Commission Expires Mm'eh 80, 2.9 ~'~ BEGINNING at a point on the west side of Cox's Lane, distant 200.04 feet northerly from the in- tersection of the West side of Cox's Lane with the North side of Main State Road (Route 25), and from said point of beginning running thence South 46 degrees 10' 10" West 87.53 feet to land now or formerly of Miesner; run- ning thence along said land now or formerly of Miesner, North 42 degrees 35' 20" West 149.56 feet to land now or formerly of L. Glover; running thence along said land now or formerly of L. Glover North 51 degrees 09' 40" East 87.70 feet to the westerly side of Cox's Lane South 42 de- grees 35' 20" East 141.92 feet to the point or place of BEGIN- NING. DATED: October 23, 1984 JUDITH T. TERRY SOUTHOLD TOWN CLERK LEGAL NOTICE Notice is hereby given that an order entered by the SUPREME court, SUFFOLK county, on the 23rd day of OCTOBER 1984, bearing Index Number 84-19953, copy of which may be examined the validity of the obligations au- thorized by such resolution may be hereafter contested only if such obligations were authorized for an object or person 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- ing such validity is commenced within twenty days after the pub- lication of this Notice, or such ob- ligations were authorized in vio- lation of the provisions of the con- stitution. JUDITH T. TERRY Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED OC- TOBER 23, 1984, AUTHORIZ- ING THE ACQUISITION OF COMPUTER HARDWARE FOR VARIOUS TOWN DEPART- MENTS, STATING THE ESTI- MATED MAXIMUM COST THEREOF IS $19,500, AP- PROPRIATING SAID AMOUNT THEREFOR, AND =tices THE IS- SS: 9,50o SERIAL ~ TOWN TO FI- APPROPRIA- ARD OF THE UTHOLD, IN )F SUFFOLK, tIEREBY favorable vote wo-thirds of all dd Town Board) £own of South- ,ty of Suffolk, ,erein called .f authorized to hardware for ~artments. The ;aid class of ob- including pre- d costs inciden- the financing 500 and said y appropriated n of financing race of $19,500 ne Town to fi- opriation, and ection of taxes _ of Greenport, in ;worn, says that he/she is JFFOLK TIMES, a Weekly t Greenport, in the Town ~uffolk and State of New s of which the annexed is m regularly published in each week for ONE ~mencing on the __19 84 Principal Clerk STATE OF NEW YORK: cOUNTY OF SUFFOLK: SS: JUDITH T. TERRY, Town Clerk of the Town of Southold, New York, being duly sworn, says that she is over the age of twenty-one years; that on the 2~h day of October 1984 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, Town Clerk Office, Main Road, Southold, New York 11971 Bond Resolution of the Town of Southold, New York, adopted October 23, 1984, authorizing the acquisition of computer hardware for various Town departments, stating the estimated maximum, cost thereof is $19,500, appropriating said amount therefor, and authorizing the issuance of $19,500 serial bonds of said Town to finance said appropriation. Judith T. Terry Southold Town Clerk Sworn to be before me this 24th day of October , 1984 ,~ Notary Public~ Term Expires March 30, 19 THIS NOTICE IS TO ~PUBLISHED IN ITS ENTIRETYII~EGINNING WITH "NOTICE" BELOW, ON NOVEMBER 1, 1984, AND PLEASE SEND THREE (3) AFFIDAVITS OF 'PUBLICATION TO JUDITH T. TERRY, TOWN CLERK, TOWN HALL, MAIN ROAD, SOUTHOLD, NEW YORK 11971. ~ ~ (NOTICE TO BE ATTACHED TO AND. BE PUBLISHED' WITH RESOLUTION AFTER ADOPTION) NOTICE The resolution published herewith has been adopted on the 23rd day of October, 1984, 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 OCTOBER 23,1984, AUTHORIZING THE ACQUISITION OF COMPUTER HARDWARE FOR VARIOUS TOWN DEPARTMENTS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $19,500, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $19,500 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two-thirds 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 computer hardware for various Town departments. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $19,5'~00 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $19,500 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 $19~500, 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 class of objects or purposes for which said $19~500 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 81.(a) of the Law, is ten (10) years, but the purposed maturity of said serial bonds or bond anticipation notes issued in anticipation thereof shall not exceed five (5) years from the original issuance of 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 relative to authorizing bond the terms, form and contents and duties of the Town Board anticipation notes and prescribing 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.