HomeMy WebLinkAboutDemarest Property COUNTY NATIONAL BANK
SUFFOI K
WEST SECOND STREET*PO fJOX269*F~ VERHEAD N.Y. 11001 * (516) 727-2700
ARLYNE MORGENSTERN
ASSISTANT COMPTROLLER
January
25,
1989
Mr. Francis Murphy
Supervisor
Town of Southo]_d
Town Hall
Main Road
Southold, New York
11971
Dear Mr. Murphy:
Enclosed please find the following cancelled no%e:
$18,000. Town of Southold, N.Y.
5.25% due 1/30/89
It was a pleasure to have accomodated the Town of
Southold with this borrowing.
Very truly yours,
: km
enc.
UNi'IED STATES OF AMENI(i~
Sn!ATE 0F NEW YORK
COUNTY OF SUFEOLK
TO~N OF
BCND AN~A~4 2[OTE FOF'
PU RCH~SE~~~O~AUN C~ ~ANP
cot)oration of ht St~t% ~ ~ew York~ h~rebv acknow]e(lqes itself
sum of E29hteen Thoupar, d 00/100 ...... ~_~,- ...... Dollars
($~8,000.00) ............. on the 30th day of Oatm0. ry, 19~9~ together
with interest thereon from the date hereof at the rate of five
a~-d 25/100the per centum (5.25%) per annum payable at maturity.
Eoth principal o~ and interest of this Note w4].l 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 Clc. rk shall convert
this Note into a registered Note by registering in the hame of
the holder in the books of the Town kept in the office of such
Town C].6~k and endorsing a certificate of such registration
herec~, 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 ~hall thereupon
register this Note in the name of the transferee in her books an~
shall endorse a certificate ~u~egfst'~atien hereon. Such
transfer shall be date~;~i~n4;~~e'reqistered~ ~ 'hclder, or
his legal repre.s%ntati~.p a~ ~F~i~}) d~iy acknowledged or
proved, o~ in th~: alte~tive the sign~ ~e thereto shfll be
certified as to its ge~ine~s'3~!~ %~cer of a bank or trust
company located and authorized to do business in this State.
This Note is the .onl~l~b~W~R~uthorized issue, the
principa], amount of which is $18,000.00.
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 Boar(] of the Town of Southold on July 19, 1983 authorizing
the issuance of $90,000.00 serial bonds for the purchase o~
certain land containing 1.4 acres more or less situate on the
south side of Narrow River Road, Orient, as the site of a boat
launching ramp and for other town purposes in said Town, and the
Certificate of Determination executed by the Supervisor on
February 3, 1984. This Note has been designated by tile Town as ,~
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 tlereby
irrevocably pledged for the punctual pa~ent of the principal of
and interest on said Note accor~g to its terms.
It is hereby certified and recited that all conditions,
acts, and. things required by the Constitution and statutes of thc
State of New York, to exist, to have has. ned and to have been
performed precedent to and ~hq~ssuanc~ of this Note, exist,
have happened and hav~eF~~nd this note, together
with all other indebt~s~T"~u'ST~T~of Southold is within
every debt and other ~it prescribed~the Constitution and
Laws of such State.&~ JAN 3 01989
IN WITNESS WHERE~S~~a~a~thold has caused this
Note to be signed by its~~R~nd its corporate seal to be
hereunto affixed and attested by its ~D, Clerk and this Note to
be dated as of the 29th day of Jan~a~9~8.
COUNTY OF SUFFOLK
TOWN OF SOUTHOLD
~OND ANTICIPATION NOTE FOR ACQUISITION OF BOAT LAUNCHING RAMP SITE-1984
'c0~ooratior~ of,,~he
Ninety Thousand ................................ Do~ ($90,000 ........ )
on t~e 1 st d~y of Feb r ua r y ,1085, t0~et~ ~ ~{e~t ~ ~m ~e ~e ~{ at ~ ~ d
Five. a~ 69/] O~ .............................. ~er ~ ( 5, 69 ~) P~ ~ psy~Me at ~F.
T~e ~a~k m~ New York, G~eeu~or~, New York
~ of ~ ~d~, ~e Town Clerk ~ ~ ~ N~ ~to
,,~:~ ~ ~ ~ i~ ~ ~ ~ ~ ~ ~r ~: ~ ~ of ~ Town k~t ~ the o~
~:~ : ~ Town Clerk ~d ~ ~ ~fl~ ~ ~ ~ h~ ~fler w~,~'
::~ ~o~ ~ ~ ~ u~p~ ~ ~ Town Clerk
~~_~ m~~~i~~o~or~or~tc~y~
This Note is 2he only Note of an authorized'i2sue, the
principal amount of which is $90,000.
L~, -~k~..~-~m--~J?~-m~at~em~°f~L~ll~n~w,~m~m~~°f~co~Hd~
~e~a~ewx0~, the bond resolution adopted by the Town Board on
July 19, 1983, authorizinq the issuance of $90,000 serial bonds for
the purchase of certain land, containing 1.4 acres, more or less,
situate on the South side of Narrow River Road, in Orient, in said
Town, as the site of a town boat launchin~ ramp and for other Town
purposes, and the Certificate of Determination executed by the
Supervisor on February 3, , 1984.
T'ee~thmmdere~ltmf~h Town of Southold arehereby
have hp~,~a cad ha~e [~e~ Pertom~d. aud that ~fl~ No~ together ~k ~~' Town of
Town Clerk .
~No~,sof~ ~rd.,~?ebruary ~84