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HomeMy WebLinkAboutBond Anticiption notes 1968-72BOND ANTICIPATION NOTES FILE NO. 1 1964 - Land acquisition (at New Suffolk) $44,000. 1965 - Pay Loader $36,000. 1966 - Acquisition of Land $63,000. 1967 - Tax Accounting Machine $18,000. 1968 - Land Acquisition $17,500. 19~ - ~an~Acquisition $16,000. 1969 - Land Acuqisition $14,000. 1969 - Land ~cquisition $27,000. 1970 - Purchase of Tax Accounting Machine $3,700. 1970 - Land Acquisition $10,500. 1970 - Acquisition of Additional Ferry Boat $115,000. 1970 - Bond Anticipation Note $7,400. 1970 - Land Acquisition $13,000. 1971 Cutchogue-New Suffolk Park District $19,500. 1971 Road Improvements $6,000. 1971 - Road Improvements $4,800. 1971 - Statutory Installment Bond -Ferry Boat - $95,000. 1972 - Road Improvements $8,400. 1972 - Machinery Serial Bond $34,800. 1972 Road Improvements $10,500. FILE NO. 3 1973 1973 1974 1975 1975 1976 1976 1977 1977 1977 1977 1978 - Land Acquisition $24,000. - Road Improvements $2,400 - Road %mprovements $1,200. - Road Improvements $2,100. - Construction of Police Headquarters $24,700. - Land Acquisition,Mattituck Park District $6,000. - Purchase & Installation of Street Lights $50,000. - Purchase & Installation of Street Lights $40,000. - Beach Acquisition(Catherine Herbert) $9,000. - Acquisition of Land (Mattituck Park District) Renewal -$6,000. - Improvements for.Fishers Island Ferry Dist.(new ferry) S589,000. - Mattituck Park District , $6,000. STATt'] OE NEW ¥Oi{}i COUNTY O]? SUFlcOIJ( ) : SS: ) Albert W, Richmond· , being duly sworn upon oath. deposes and says: (1) I an] the duly elec ~ cd , qua~i!jed and acting Town Clerk of the Town oi ................ ? ' (herein 'and in Schcdnlc fi. called "Issuer"); (2) That with respect t~ the contract of sale of thc f~llow[ng described obligation of tire Issuer to the SECURITY NATIONAL BANK OF LONG ISLAND, Hnntington, New York, (in Schedule A called "Purchaser"), I have made a careful inquiry of each officer and employee of the Issuer having the power or duty to (a) negotiate, prepare, authorize or approve : the contract or authorize or approve payment thereunder, Oo) audit bills or claims under the contra6t, or (c) appoint an officer or employee who has any of the powers or duties set forth above, as to whether or not such officer or employee has an interest (as defined pursuant to Article 18 of flae Gene~a] Municipal Law) in such contract'~ Amount and Title: $16,00.0 BOND ANTICIPATION NOTE FOE LAND A'CQUISITION- 1968 Dated: ~: ,l~a~ch,~ 1 o,, 1968 Matures: February 28, 1969, ?hbjegt to 'prior redemption ]No. 31t-~ ' Denomination: $16,00O Interest rate: 3-1/4% per annum, payabi6:at maturity (3) That upon information and belief, 'as a result of suchinqidry, no such officer or employee has any sFch interest in said contract, tmless otherwise noted in Schedule A annexed hereto and by this reference made a part hereof. Tofvn Clerk Subscribed and sworn to before me ~jais ~28th day of ~x~b-r,u'aEY,, 1968. 1. , is a stocld~older of the Purchaser, owning or controlling, directly or indirectly, less than five per centare {5%) of the outstandh~g stock hereof but no disclosure of such JntereM: by said officer is required pnrsuant to said Law; has'such interest in said contract, but according to the records of the Issner and statements made to ~ne by officers of the Issuer during the current fiscal year, the Purchaser has not pm'chased, .and by virtue of the purchase of said Bond Antici[~tion Note above described, will not have purchased ~otes of the Issuer, thc aggregate principal amonut of which exceeds $60,000, and thc Purchaser, is not now, and by virtue of thc purclmsc of said Note will not become 0~e holder of Notes of thc Issuer, thc aggregate principal amcunt of which exceeds $60,000;? , has pubiic]y disdosed the nature and e_~tent of snch intere'stin wi'iting to the governing board of the Issuer. Such written disclosure has been made a [)art of and set forthin the official record of proceedings. 3. , has an interest in the Purchaser, so!e]y by renson of en~pJoyn2ent as an officer or employee thereof, but the remuneration of such employment will not be directly affected as a result of said contract and the duties of such empIoyment do not diredtly involve the procurernent, preparation or perfom'nance of any such part of such contract. , has publicly disclosed the nature and extent of such interest in writing to the governing board of the Issuer. Such written disclosure has been made a part of and set forth in the off~ ia]. record of proceedings. UNITED ~TATES OF A~ERICA STATE OF NEW YORK COUNTY Oi? SUF~LK TOWN CIF SOUTHO LD 16,000. I?,ON]D ANTICIPATI'~N N(¥FI-] FOR I~AND ACQUISITI()N- 1!368 d 'l'ox*,n of SoWhold, in the County of Suffolk, a municipal corporation of the - - ....... Slxtefn Thousand .......................... Donars($ 16.000. ) the Supervisor, Gre~.nport, New Yor.,. '~'*~i:4 Note is th,, only Note of an autho~'ized i,q~4ue, the principal amount ,3f whi~'h is $16,000. ~ql ~dl ['iVC ( 71 ) d*ys' notice of khe d~m of redemption by mailing of written notice to the origlna~ purchss~r, ~ if Laws of the State of New York, and thp resoh]fion tmtitled: "Bond Anticipation Note l{,,s;olulion of the Town of Southold, New Yo~'k, adopied I~ebruary !3, 7968. :mi;u)rixknK thc renewal, in part, of the $23,000 Bond Anti~:ipation Note For l.antl A.quisition-1967, by the :,ssuance of a nt.v, Nolo in lb,' princ'ipal amount ,~t $ ](5 U00," (hll;,' adoptt.d by the I'OWI1 J~oat':l ~)t, ll~i .tat, th~ rein reft'ri'ed Town Chq'k Supervisor CLOSING CERTIFICATES Relating to Notea of TOWN OF SOUTHOLD, NEW YORK CERTIFICATE AS TO SIGNATURES, NO-LITIGATION AND DELIVERY AND PAYMENT WE, the undersigned officers of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York and herein referred to as the "Issuer", I~srEY CRaT~FY that, on the lsl day of MARCH , 196 8 , we officially signed and properly executed the $ 16,000 principal amount of obligations of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof, and that at the time of such signing and execution and on the date hereof we were and are the duly chosen, qualified and acting o~cers of the Issuer authorized to execute said obligations and holding the respective offices indicated by the official titles set opposite our signatures hereto. WE FvaT~Ea CEnTxFY that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of said obligations or the levy or collection of any taxes to pay the interest on or prlneipal of said obligations, or in any mauner ques- tioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices; and that no authority or proceedings for the issuance of said obligations has or have been repealed, revoked or rescinded. WR FvR~n CEa~tFY that the seal which is impressed upon this certificate has been affixed upon each of said obligations and is the legally adopted, proper and only official corporate seal of the Issuer. A~qn I, tho undersigned Supervisor of the Issuer HERESY FlYaTHER CRRTII~r that on the 1st day of 5/I_ARCH , 1968, I delivered said obligations to SECURITY NATIONAL BANK OF LONG ISLAND, Southold Office, Southold, New York, (herein referred to as "Purchaser"), and that at the time of such delivery I received from ttte Purchaser full pay- ment for said obligations in accordance with the contract of sale, computed as follows :- Contract price .................................................................... $ 16,000.00 (SEa.L) Interest accrued to the date of such delivery ............ -- Total amount received .................................................... $ 16,000, 00 I~ Wx~ESS WHEREOF we have hereunto set our hands and said corporate seal has hereunto been sffi~ed this 2.~th day of 'Febrzi'~ry ,196 8 . .... Signature Officia] Title "' .................... 7 ............................................................. ' :' k ............. .......... , Term of Office Expires December 31, 1969 ., _D..e..,c..e...m..~?.e.F.., .3..1..,._. 1969 I I~ERBBY CERTIFY that the signatures of the officers of the above-named Issuer which appear above are true and geruine and that I know said officers and know them to hold the respective offices set opposite their several signatures. (Si~e) (Title) (N~me of Ba~) · ~.!,u{um {~ olq'm~ud 'muuu'~ .md % ~7 / I - ~ ; o;~i ;so.m;u1 000 '9I $ :su°!'l'zrqm°u°G I - Hg puu saoqmnN uo!id~uapaa ao!ad o¢ ioarqns '696I 'gg Xa~naqod 9961 - bIOIJ~ISIFIiDDV klOeI ~LOJ'4 NIOIJ;V'clIDI~L~V (Ii~O~[ 000 '915 :o[l!~ puu~ lunouW iouao;{¥ umo£ ................. '8 96I q{t]g slq, puv, q ~<m gas olunoaaq oa,a.q ir '~oauauM ~qsa~xig~- aI -popu.msaa ao pa>Ioaa~r 'paI*OCIOa uaoq o~m;q ao ~ao!l~!Iqo p!~ ~to ooa*ns~! o~ aoj ~u!pooaoad ao ~l!~otlln~ ou ~ql x~J. aaD aau~ua~I I 'ploqCno$ jo uato~L oq~- to pa~uloddu ,tinp oR{ ur~ I ~.t[~ aa~zaaD a~X~aT[ ' ~IffStSVJ. 'PA ~LH[R[IOH 'I EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York. February 13, 1968 A regular n eating of the Town Board of the Town of Southold, in the County of Suffolk~ New York, was held at the Supervisor's Office, 16 South Street, Oreenport, I,ong Island, New York, in said Town, on February 13, 1968, at 9:30 o'clock A~RI. t,E.SoT:!. There were present: tlom Leater M Alberteon Supervisor, and Councllmsn l.~ouil M. Demerest Councilman Howard C. Valentine Justice Henry A. Cl~rk Jumttce blmrttn Sutar There were absent: Justice E. Perry Edwardm Also present: Albert W Richmoad , Town Clerk Robert W. Tasker, Town Attorney * Courier tmnn Valentine resolution and n oved its adoption: offered the following RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED FEBRUAt~Y 13, 1968, AUTHORIZING TIlE REDEMPTION, IN PART, OF A $23,000 BOND ANTICSPATKDN NOTE FOR LAND AC~L1 [SITION-1967, TO TIlE EXTENT OF $7,000 AND APPROPRIATING SAID AMOUNT THEREFOR. Recital WHEREAS, the Town of Southold ',herein called "Town"), in the County of Suffolk, New York, has heretofore duly authorized, sold and issued its $23,000 Bond Anticipation Note For Land Acquisition-1967~ and it is now desirable to redeem, said Note to the extent of $7,000 frorr, a source other than the proceeds of the bonds in anticipation of which said Note has been issued; now, therefore, be it RESOLVED BY THE T()WN BOARD OF TIlE TOWN OF SOUTHOLD, 1N TtlE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS: Section 1. The $23,000 Bond tnticipation Note For LandAcquisition-1967 of the Town, hcreinabove referred to in the Recital of this resolution, is hereby authorized to be redeem'ed on or before March 1, 1968, to the extent of $7,000 from funds of the Town now avail- able to said purpose, said funds being a source other than the proceeds of the bonds in anticipation of which said Note was issued, and the said amount of $7,000 is hereby appropriated therefor. Section 2. This resolution shall take effect iwn-,ediately. * * The adoption of the foregoing resolution was seconded by J~tmtice Suter and duly put to a vote on roll call, which resulted as follows: AYES: Supervisor ARrertsono Co~nctlmsn Dem~rest, Councllmsn Valentine. Justice Chrk and Justice Surer NOES:NO~O The resolution was declared unanirrously adopted° * resolution and n oved its adoption: offered the following BOND ANTICIPATION NOTE RESOLUTION OF THE TOWN OF SOUTItOLD~ NEW YORK, ADOPTED FEBRUARY I3, 1968, AUTHORIZING TIlE RENEWAL, IN PART, OF THE $23,000 BONDANTICIPAT'}ON NOTE FOR LAND ACQUISITION-1967, BY TIlE ISSUANCE OF A NEW NOTE IN TIlE PRINCIPAL AMOUNT OF $16,000. Recital WHEREAS, the Town of Southold (herein called "Town"), in the County of Suffr,lk, New York, has heretofore duly authorized, sold and issued its $23,000 Bond knticipation Note For Land Acquisition-1967 and has duly authorized the redemption of the Note to the extent of $7,000 and it is now necessary and desirable to provide for the renewal, in part, of said Note by the issuance of a new Note in the principal amount of $ I6,000; now, therefore, b& it RESOLVED BY THE TOWN BOARD OF THE TCWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, AS POLLIDWS: Section 1. The $23,000 Bond tnticipation Note For Land · Acquisition-1967 of the Town dated March l, 1967, maturing March 1, 1968, subject to prior reden ption, nun~bered 2R-l~ heretofore duly authorized~ sold and issued pursuant to the bond anticipation note resolution duly adopt ed by the Town Board of said Town on March 7, 1967, is hereby authorized to be renewed, in part, by the issuance of a new Note in the principal amount of $16,000, said Note dated March 1, 1967, having been heretofore duly authorized to be redeen ed from a source other than the proceeds of the bonds in anticipation of which said Note has been issued~ to the extent of $7,000, all as hereinabove referred to in the Recital hereof, pursuant to the provisions of the I,ocal Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York {herein called "Law"). The maturity of said renewal Note herein authorized shall not be later th'an one year from its date, and said Note n ay be further renewed pursuant to the provisions of the Law. Section 2. Note shall be as follows: Amount and Title: The terras~ form and details of said renewal $16,000 Bond Anticipation Note For Land Acquisition- 1968 Dated: Matures: No~ 3R-1 Interest rate: March 1, 1968 February 28, 1969, subject to prior reden,ption Denomination: $16,000 3-1/4% per annum, payable at ~,aturity Place of payn~ent of principal and interest: Supervisor' s Office Greenport, New York Form of Note: Substantially in accordance with form prescribed by Schedule B, 2 of the Law° Section 3~ Said Note is hereby sold to the SECURITY NATIONAL BANK OF LONG ISLAND, Southold Office, Southold, New York, at the price of $16,000~ to bear interest at the rate of three and one-quarter per centum (3-1/4°/o) per annum, payable at n~,aturity~ and the Supervisor is hereby authorized to deliver said Note to said purchaser upon receipt of the purchase price~ plus accrued interest, if any, fron~ the date of said Note to the date ofdelivery~ Section 4. Said Note shall contain the recital of validity prescribed by ~52.00 of the Law and shall be a general obligation of the Town, payable as to both principal and interest by a general tax upon all the taxable real property within the Town, without linitation 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 Note and provision shall be made in the budget of the Town by appropriation for the rede~ption of the Note to mature in such year and for the payn~ent of interest to be due in such year. Section 5. Said Note shall be executed in the name of the Town by its Supervisor and the corporate seal of said Town shall be affixed tbe~'eto an~t attested by its Town Clerk. Section 6. This resolution shall take effect immediately, by Zust t,'m S~ter which resulted as follows: The adoption of the foregoing resolution was seconded and duly put to a vote on roll call, AYES:SupervisOr Afl~ertsono Counc[l,,~n ~rest, Co~ll~ Valentine. Ju~tce C~rk mhd Ju~tce ~ter NOES: None The resolution was declared unanimously adopted. General - No Veto 6/1/67 (SM) CERTIFICATE Albert W Richmond , Town Clerk of the Town Southold0 in the County of Suffolk, New York State of annexed extract from the minutes of a meeting of the , HEREBY CERTIFY that the foregozng ofsaid Town FEBHUAHY 13 Town Board duly called and held on compared by me with the original minutes as , 19 68 ,, has been officially recorded in my office in the Minute Book of said TownBoard and is a true, complete and correct copy thereof and of the wholLe 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 this ~Sth day of February , 1968 (Seal) Town Clerk July 1, 1969 Honorable Albert Martocchia, Supervisor of the Town of $outhold, in the County of Suffolk, New York. Dear air: We have examined a recoret of proceedl _,~s relating to the laamce of a $14,000 Bond Anticipation Note For Land Aequialtion-1989 of the Town of Southold. in the County of Suffolk. a m~micipal corporation of the State of New York. Said Note is dated July 1, 1969, matures July 1, 1970, subject to prior redemption, bears interest at the rate of three and one-half per centare (3o~/2~) per annum, p~yable at maturity, ia nun~be~ed R-l, is of the delmmination of $140000, ia payable to bearer without coupor~, h~ registerable as to both principal iud interest and is isiued imr~llMlt to tho pFovision8 of the Local Finance Law, cormtiintl_n_.e Chapter 33-a of the Comtolidated Laws of the State of New York, and the resolution entitled: *~flond Anticipation Note Resolution o! the Town of Southold0 Now York, adopted June 94, 1959, antborising the renewal, i~ part° or the $17,500 Bond Anticipation Note ~or ~ Acquinition-1968, by the isst~ance of a new Note in the prlltcipal amount of $1.4,000, ' d~ly adopted by the Town Board on the date therein referred to. Said Bond Antieipatton Note is a temporary obligation, issued in mt~ttelpation of the issuance of permane~ serial bonds. In our opinion, said Bond Anticipation Note is a v~lid a~d legally bi~li~ general obligation of the Town of So,hold, ~ll the taxable real property within which is subject to the le~y o! ad valorem taxes to pay said Note and the ~terest thereon, without limitation of rate or amount. The form of said Note is prescribed by resolution duly adopted by the Town Board on June 24, 1989, but we have not examined said executed Note. Honor&bts Alhert Martm3ehtn, Supervtsor or the Town or Southotd, tim County or Suffolk, New York Dear Sir: We have examined a record or prouee~a relattn~ to the tmauaure or a $2?° 000 Bond Antietpation Note for Land Acquift- tion..1969 c4' the Town of Salthold, tn the County of Suffolk, a munt- cipai ~orpornt~on or the Storm or New York. hid Note if dated June 6, 1969, mtLtres J~me 5, 1970, sub, tot to prior redemption, he, re interest at the rate or three and throe-quarters per centum per annum, po~yabif at matlzrtty, bs numbered 3R-I. tm or the deuomi* nation or $27,000o tm payable to bearer without coupono, ts re,tenor* able am to both prtnctpai and tntereat and tm tmmaed pureuant to the provtmtone or tho Lmeai Ftnfu~o Law, oonmtttutinf Chapter 33~t the Consolidated Laws or the Stato of New York. and the resolution end%led: "Bond Antiotpattou Note Resolution of the Town of Somthold, New Y~rk* adopted May 20, 1969, attthOZ*tsin_w the r4~ewai, tn pmrt, or the G41,000 Bond Antietpatton Note for Land Acqutsitton-1968, by the issuance of' a new Note tn the prtncipel amount of $27.000," duly adopted by ~e Town Bnard on tho date therein rorer~ed to. Said Bond Anttcipattou Note tm a temporary oblifation, issued in anticipation or the tsouance or permanent sertmt bonds. In our opinion, iJaid Bond Acttcipmtiou Note is a valid and legally binding fenerai obltfatton of the Town or $outhold, IAI the tezable zeal property within which is subject to the levy of od yaiorem taxes to pay said Note and the interest thereon, without limitation or rate or amount. The form of said Note is prescribed by resolution duly adopted by the Town Board on May 20, 1969, that we have not examined said execu'ced Note. Very truAy yours, October 9, 1970 Honorable Albert M. Martocchia Supervisor of the Town of Southold, in the County of Suffolk, New 'fork Dear Sir: We have examined a record of proceedings relating to the issuance of a $3,700 Bond Anticipation Note For Purchase of Tax Accounting Machine-1970 of the Tovm of Southold, in the County of Suffolk, a municipal corporation of the State of New York. Said Bond Anticipation Note is dated October 9, 1970, matures October 8, 1971, subject to prior redemption, bears interest at the rate of three and ninety-five hundredths per centum (3.95%) per annum, payable at ~.~aturity, is numbered 31q-1, is of the denomination of $3, 700, is payable to bearer without coupons and registerable as to both principal and interest, and is issued pursuant to provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York, and the resolution duly adopted by the Town Board entitled: "Bond Anticipation Note Resolutinn of the Town of Southold, New York, adopted October 6, 1970, authorizing th~ renewal, in part, of the $7, 400 Bond Anticipation Note For Purchase of Tax .~ccounting Machine-1969, by the issuance of a new Note in the principal amount of $3,700." Said Bond Anticipation Note is a temporary obligatinn, issued in anticipation of the issuance of permanent serial bonds. In our opinion, said Note is a valid and legally binding general obligation of said Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Note and the interest thereon, without limitation of rate or amount. The form of said Note is prescribed by the resolution duly adopted by the Town Board on October 6, 1970, but we have not examined the executed Note. Very truly yours, July 1, 1970 Honorable Albert ~. Martocchla Supervisor of the Town of $outhold. in the County of Suffolk. New York We have examined a record of proceedings relating to the issutuce of s $10. ~00 Bond Anticipation Note For ~d Acqui~tl~-lg~0 of the T~n of ~uthold. In the Co~ty of Suffo~. a m~cipal cor~ratton of th~ State of ~ew York. ~ld Bond Anticl~t~ ~ote Is ~t~ July 1. 19T0. mattes July I. 19~1. subject ~ prior federation, b~rs ~terest at the rate of four ~d one-quarter ~r cent~ (4 1~4%) ~r ~. payable at maturity, is numbered 2R-I. Is of ~e den~l~tion of $10.500. is ~le to b~rer ~thout con,ns ~d re61sterable as to princiml ~d interest, ~d ts issued ~su~t ~ p~vlelons of ~e ~al Finance ~w, constitutt~ C~pter 33-a of the Con. lifted ~ws of the S~te of New Yo~k. ~d the re~lution entitled: "~ Anttcl~Hon ~e Re~lution of ~e T~n of ~t~td. New York. a~pted June ~0. 19~0. aut~rlz~g t~ rene~l. In ~rt. of the $14.0~ B~ ~tlcipait~ ~ote For ~nd Acq~lsltion-1969. by the issuance of a ~ ~ote in ~e pr~cl~l ~o~t of $I0. 500". duly adopted by ~e T~n ~rd ~ the ~te therein ~eferr~ to. Said Bond Anticii~tiou Note Is a temporary obli~atimm, issued in anticipation of the issuance of permanent serial honda. In our opinion, said Note is a valid and le{~ally binding general obligation of the Town of Southold, all the taxable r~l property within which is subject to the levy of ad valorem taxes to pay said Note and the interest thereon, without limitation of rate or amount. The form of said l~ote ia prescribed by the resolution duly adopted by the Town Board cn June $0. 1970. but we have ~ot examined the executed Note. Very truly yours. ~arcb 13. 1970 Honorable Albert Martoeehia, Supervisoe of the Town or SonthoM. in ~e Cotmty or Su/folk, New York D~ar Sir: We have eJrarrdned n record or i~oeeedinf~ relating to be a~ ~ i Il 3 5, ~0 ~ ~iei~tl~ N~ for ~ ~Ltt~l ger~ ht-10~0 ~ b T~n or ~, C~ ~ ~ro~, a m~cl~l co~ of ~e SuM ~ New Yo~. ~ld N~ i~ ~ Ma~h 13. 19~0. ma~o M~h L8 ~y~le ~ ~r wither c~M, is ~to~ ~ to b~h dnt~ ~ws ~ t~ hte ~ New York, a~ b ~ool~t~ ~ltled: "~ Ant~t~ti~ Nm Reo~ ~ b Town ~ ~old, New ~ ~ $13~. ~ ~ A~l~ N~ for A~l~ Lm~ ~ $115,000." ~ly ~ by t~ Town h~ ~ ~e date t~ln ~e~ to. Said Bond A~tieipatio~ Note ia a temporury cd~llfation, issued in anticipation or the 18nuance of permanent aerial In o~ opinion, said Bond Anticipation lqote is · valid and leiplly binding general obligation or the Town or Sontholdo all the taxable real property within which te subject to the levy of ad valorem taxea to pay laid Note and the lnteremt thereon, without limitation or rutm or amount. The form or fmid Note is prescribed by resolution duly adopted by the Town flcmrd on March 10, 1970, but we have not examined maid executed Not~, Very truly yours, June 5., 1970 Honorable Albert M. Martocchia Supervisor of the Town of Southold. in the County of Suffolk, New York Dear Sir: We have examined a record of proceedings relating to the issuance of a $13, 000 Bond Anticipation Note For Land Acquisition-1970 of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York. Said Bond Anticipation Note is dated June 5, 1970, matures June 4, 1971. subject to prior redemption, bears interest at the rate of four and sixty-five hundredths per centum (4.65%) per annum, payable at maturity, is numbered 4R-1, is of the denomination of $13,000, is payable to bearer without coupons and registerable as to both principal and interest, and is issued pursuant to provisions of the Local Finance Law, constituting Chapter 35-a of the Consolidated Laws of the State of New York, and a resolution duly adopted by the Town Board, entitled: "Bond Anticipation Note Resolution of the Town of Southold, New York, adopted May 19, 1970, authorizing the renewal, in part, of the $27. 000 Bond Anticipation Note For Land Acquisition-1969. by the issuance of a new Note in the principal amount of $13,000." Said Bond Anticipation Note is a temporary obligation, issued in anticipation of the issuance of permanent serial bonds. In our opinion, said Note is a valid and legally binding general obligation of said Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Note and interest thereon, without limitation as to rate or amount. The form of said Note is prescribed by Schedule B, 2 of saod Local Finance Law but we have not examined the executed Note. Very ~.ruly yours, The North Fork Bank &Trust Company Mattituck, New York 11952 February 17, 1972 Mr. Albert Martocchia, Supervisor Tow~n of Southold Greenport, New York 11944 Dear Mr. Martocchia: We are enclosing paid Cutchogue New Suffolk Bond Anticipation Note in the amount of 19,500.00 @ 4.50% due 2/1/72. Also enclosed is safekeeping receipt of Cutchogue New Suffolk Renewal Bond Anticipation Note in the amount of 15,500.00 ~ 3.25 due Please acknowledge receipt by signing and returning the enclosed copy of this letter. ph! Eno. Very truly yours, (M~rs.) Patrieia Heaney ~ Manager, Accounting Dept. Ld UNITED STATES OF AMERICA STATE OF NEW YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD BOND ANTICIPATION NOTE, 1971 (RENEWAL) in the NO. 2-R The Town of Southold, County of Suffolk, $19,500 a municipality of the State of New York (herein called the "Obligor"), hereby acknowledges itself indebted and for value received promises to pay to the bearer of this note, or if it be registered, to the registered homer, the sam of NINETEEN THOUSAND FIVE HUNDRED DOLLARS ($19,500) on the 1st day of February , 19 72 , together with interest thereon from the date hereof at the rate of four and fifty hundredths percentum( 4.50% ) per annum, payable at maturity. Both principal of and interest on this note will be paid in lawful money of the United States of America at The North Fork Bank & Trust Company, in Mattituck, New York. This note may be redeemed prior to maturity and registered only in accordance with the applicable provisions stated on the reverse side hereof, which are hereby made a part of this note. This note is one of a total authorized issue of $ 19 ~ 5 0 0 issued pursuant to proceedings duly adopted by the Finance Board of the Obligor, on October ?, 1969 and pursuarlt to: "BOND ANTICIPATION RENEWAL NOTE CERTIFICATE DATED FEBRUARY 1, 19?l. CERTIFICATE OF THE SUPERVISOR OF THE TOWN OF SOUTHOLD, SUFFOLK COUNTY~ NEW YORK, AUTHORIZING THE ISSUANCE OF A $19,500 BOND ANTICIPATION RENEWAL NOTE OF SAID TOWN TO PAY PART OF THE COST OF VARIOUS PROJECTS FOR THE CUTCHOGUE NEW SUFFOLK PARK DISTRICT IN SAID TOWN.II The faith and credit of the Obligor are hereby irrevocably pledged for the punctual payment of the principal of and interest on this note according to its terms. It is certified and recited that all conditions, acts and things required by the Constitution and statutes of the State of New York to exist, to have happened and to have been performed precedent to and in the issuance of this note, exist, have happened and have been performed, and that this note, together with all other indebtedness of the Obligor is within every debt and other limit prescribed by the Constitution and lan~s of such State. IN WI2'NES~ WHEREOF, the Obligor, in accordance with the proceedings authorizing this note, has caused this note to be signed and its corporate seal to be hereunto affixed and attested as appears below, and this note to be dated as of the 1st day of February ,19 ?l TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK A TTES T: By Supervisor Provisions for redemption of this note prior to maturity: This note may be redeemed at any time prior to maturity by said Obligor upon giving written notice to the holder, and interest shall cease as of the date fixed for redemption. Provisionz ~for the registration of this note: None REGISTRATION CERTIFICATE It is hereby certified that the within note has been regiztered as follows: Date of l~egiztration Name of Registered Holder Registered by UNITED STATES OF AMERICA STATE OF NEW YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD 6,000 BOND ANTICIPATION NOTE FOR ROAD IMPROVEMENTS-1970 The Town of Southoid, in the County of Suffolk, a municipal corporation of the State of New York, hereby acknowledges itself indebted and for value received promise~ to pay to the bearer of tht! Note, or if it be registered, to the registered holder, the sum of ......... Six Thousand ............................ Dollars ($ 6, 000 ) on the .Otb day of November ,197 1 , together with interest thereon from the date hereof at the rate of -four- per centum ( 4 %) per annum, payable at maturity. Both principal of and interest on this Note will be~ paid in lawful money of the United States of America, at the office of the S,upervisor, Greenport, New York. At the request of the holder, the TOWn Clerk shall convert this Note into a registered Note by registering it 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 mad interest on th!s 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 ~rrit~en transfer of title and such Town Clerk ,halt thereupon register this iNote in the nam~ of th~ transferee in his books and shall endorse a certificate.of such registration hereon. Such transfer shall be dated, and signed by the registered holder, or his legal representatives, and it shall be duly acknowledged or proved, or in the' alternative the s~nature thereto shall be certified as to its genuineness by an officer of a bank or trust company located ' arid authorized to do business in this State. This Note is the only Note of an authorized issue, the principal . amount of which is $6,000. This Note may be called for redemption on any date prior to maturity after the giving of at least five ( 5 ) days' notice of the date of redemption by mailing of written notice to the original purchaser, or if this Note be registered to the registered holder, and interest shall ceas~ to be paid hereon after such date of redemption. 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, and the resolution entitled: Bond Anticipation Note Resolution of the Town of Southold, New York, adopted November 5, 1970, authorizing the issuance of a $6,000 Note in anticipation of the sale of serial bonds of the Town heretofore authorized to be issued for the improvement of TOwn roads, in said Town," duly adopted by the Town Board on the date therein referred to. The faith and credit of such Town of Southold irrevocably pledged for the punctual payment of the principal of and interest on this It is hereby certified and recited that all conditions, acts and things required by the ' State of New York to exist, to have happened and to have been performed precedent to have happened lind have been performed, and that this Note, together with all other Southold is within every debt and other limit prescribed by the IN WITNESS WHEREOF, the Town of Southold has caused this Note to be signed by its Supervisor , and its corporate seal to be hereunto affixed and attested by i and this Note to be dated as of the 5t2h day of are hereby of the of s~c~ State. ~-~t~r k , tg 70. TOWN OF SOUTHOLD Dupervlsor /,~ November 5, 1971 The Town Bard of the Town of So~thold, in the County of 2uffolk, ';~e~v York Dear Sirs: We have examined a record of proceedings relating to the issuance of a $4,800 Bond Antic ipation Note For l~oad Improvements-1971 of the Town of Southold, in the County of Suffolk, a munioipal corporation of the State of New York. Said Bond Anticipation Note is dated November 5, 1971, matures November 3, 1972, subject to prior redemption, bears interest at the rate of two and ninety-five hundredths per centum (2.95%) per annum, payable at maturity, is numbered H-l, is of the denomination of $4, 800, is payable to bearer without coupons and registerable as to both principal and interest, and is issued pursuant to the provisions of the Local Finance Law, constituting Chapter $3-a of the Consolidated Laws of the State of New York, and the resolution entitled: "Bond Anticipation Note Resolution of the Town of Southold, New York, adopted November 4, 1971, authorizing the renewal, in part, of the $6,000 Bond Anticipation Note For Road Improvements-1970, by the issuance of a new Note in the principal amount of $4, 800", duly adopted by the Town Board on the date therein referred to. Said Bond Anticipation Note is a temporary obligation, issued in anticipation of the issuance of permanent serial bonds. In our opinion, said Note is a valid and legally binding general obligation of said Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Note and interest thereon, without limitation as to rate or amount. The form of said Note is prescribed by the resolution duly adopted by the Town Board on November 4, 1971, but we have not examined the executed Note. Very truly yours, / .. EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York. November 4 i971 16 South Street, Gree~port, November 4 1971, a.t There were present: A special meeting o£the Town Board of the Town of Southold, in the County of Suffolk, Ncw York, was hehl at the Supervisor's office, Long Island, New York, io said Town, on 3 o'clock P .M.( E .S.T.). tlonorable Albert M. Marto~,chia, Supervisor, and Co~mctlrnan James ti. Rich, Jr. <'~'.m,mihnan Howard [:. Valentine .'i~is[ice )lartin ~dtor .~ustice Louis M. L~emarest There were absent: ferry t 'dwards Also present: Albert W. Richmond, Town Clerk Robert W. Tasker, Attorney George C. Stankevich, Special Town Attorney Justice ,~uter moved its adoption:~ offered the following resolntion and RESOLUTION OF THE TOWN OF SOUTttOLD, NEW YORK, ADOPTED November 4, I971, AUTHORIZING THE REDEMPTION, IN PART, OF A $6,000 BOND ANTICIPATION NOTE FOR ROAD IMP1ROVEMENTS-1970, TO THE EXTENT OF $I, 200 AND APPROPRIATING SAID AMOUNT THEREFOR. WHEREAS, County of Suffolk, Recital the Town of Southold (herein called "Town"), in the New York, has heretofore duly authorized, sold and issued its $6,000 Bond Anticipation Note For Road Improvements-1970 and it is now desirable to redeem said Note to the extent of $1,200 from a source other than the proceeds of the bonds in anticipation of which said Note has been issued; now, therefore, be it RESOLVED BY THE TOWN BOAI~D OF THE TO\¥'N OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS: Section l. The $6,000 Bond Anticipation Note For Hoad Improve- ments-1970 of the Town, hereinabove referref] to in the Recital of this reso- lution, is hereby authorized to be redeemed on or before November 5, 1971, to the extent of $1,200 from funds of the Town now available to said purpose, said funds being a source other than the proceeds of the bonds in anticipatiou of which said Note was issued, am1 the said ammml of $1,200 is hereby appropriated therefor. Section 2. This resolution shall take effect m~mediately. .-...- , * The adoption of the foregoing resolution was seconded by Councilman Valentine which resulted as follows: AYES: Ail and duly put to a vote on roil call, NOES: None The resolution was declared unanimously adopted. Justice Surer and moved its adoption:- offered the following resolution BOND ANTICIPATION NOTE RESOt.UTION OF THE TOWN OF SOUTIIOLD, NEW YORK, ADOPTED November 4 , 1971, AUTIIORIZ1NGTHE RENEWAL, IN PART, OFTtlE $6,000 BOND ANTICIPATION NOTE FOR ROAD IMPROVEMENTS-I970, BY THE ISSUANCE OF A NEW NOtE IN THE PRINCIPAL AMOUNT OF $4,800. WHEREAS, County of Suffolk, Recital the Town of Southold (herein called "Town"), in the New York, has heretofore duly authorized, sold and issued its $6,000 Bond Anticipation Note For Road Improvements-1970 and has duly authorized the redemption of the Note 1o thc exteut of $1,200 aud it is now neceSSary and desirable to provide .for ~he renewal, in part, of said Note by the issuance of a new Note in the principal amount of $4,800; now, therefore, be it RESOLVED BY THE TOWN B()AIi}) O1r THE TOWN orr SOUTIIOLD, IN THE COUNTY OF SUt,'trOLK, NEW YOilK, AS FOLLOWS: Section 1. The $6,000 Bond Anticipation Note For Road Improve- ments-i970 of the Town, dated November 6, 1970, maturing November 6, I971, subject to prior redemption, heretofore duly called for redemption prior to maturity in accordance with its terms, nu inhered 1, heretofore duly authorized, sold and issued pursuant to the bond anticipation note resolution duly adopted by the Town Board of the Town on November 5, i970, is hereby authorized to be renewed, in part, by the issuance of a new Note in the principal amount of $4,800; said Note dated No~-emher 6, 1970, having been heretofore duly authorized to be redeemed from a source other than the proceeds of the Bonds in anticipation of which said Note has been issued, to the extent of $I,200, all as hereinabove referred to in the Recital hereof, 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"). The maturity of said renewal Note herein authorized shall not be later than one year from its date, and said Note may be further re- newed pursuant to the provisions of the Law. Section 2. The terms, form and details of said renew al Note shall be as follow.s: Amount and Title: Dated: 1~ atures: No. R-1 Interest rate: $4,800 Bond Anticipation Note For Road lmProvements-1971 November 5, 1971 November 3, 1972, subject to prior redemption Denomination: $4, t300 2.95% per amnnn, payable at maturity Place of payment of principal and interest: Supervisor's Office Greenport, New York · BANK. $4, 8oo, Form of Note: Substantially in accordance with form prescribed by Schedule B, 2 of the Law. Section 3. Said Note is hereby sold to the SECURITY NATIONAL Southold Office, Southold, New York, for the purchase price of to bear interest at the rate of two and ninety-five hundredths per centum (2.95%) per annum, pa,yable at maturity, and the Supervisor is hereby authorized to deliver said Note to said purchaser upon the re- ceipt of the purchase price,.p]us accrued interest, if any, from the date of said Note to the date of delivery. Section 4. Said Note shall contain the recital of validity pre- scribed by §52.00 of the Law and shall be a general obligation of the Town, payable as to both principal and interest by a general tax upon all the taxable real property within the Town, without limitation of rate or amount. The fa/th and credit of the Town arc hereby irrevocably pledged to the punctual payment of thc principal of and interest on said Note and provision shall be made in the budget of the Town by appropriation for the redemption of the Note to mature iu such year and for ~be payment of interest to be due in such year. Section 5. Said Nole Shall be e×ecuted in the name of the Town byiis Supervisor and the corporate seal oftbeTown shall be affixed thereto and attested by ils Town Clerk. Section 6, This resolulion sh311take effect immediately. The adoption of the foregoing resolution was seconded by C..~ll,~,tl~n~n V~,],,,~.ine and duly put to a vote on roll call, which resulted as follows: AYES: All NOES: None The resolution was declared unanimously adopted. General - No Veto 12/1/69 CERTIFICATE ALBERT W. RICH1VIOND, Town Clerk of the Town of Southold, in the County of Suffolk, New York , HEREBY CERTIFY that the foregoing State of annexed extract from the minutes of a meeting of the Town Board of said Town , duly called and held on Nove~,ber,~, , 19 71...., 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 %o in said extract, IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town this 5th .day of November , 19 71 (Seal) Town Clerk April 6, 1971 Honorable Albert M. Martocchia Supervisor of the Town of Southold, in the County of Suffolk, New York Dear Sir: we have examined a record of proceedings relating to the issuance of a $95, 000 Statutory installment Bond, designated "Ferry Boat SeriAl Bond-19?l" of the Town of Southold, in the County of Suffolk, a mun~cipal corporation of the State of Hew York. Said Statutory Installment Bond is dated March 12, 19~1, matures in the principal amount of $19, 000 on March 1 in each of the years 1972 to 1976, both inclusive, bears interest at the rate of three and one-half per centum (3-1~2%) per annum, payable annually on the first day of March in each year until maturity, with notations of principal and interest 9ayments to be made on the back of said Bond, is a single typewritten Bond, numbered 1, of the denomination of $95, 000, is payable to bearer without coupons and may not be converted into either a coupon bond or a registered bond, and is issued pursuant to Section 62.10 of the Local Finance Law, the bond resolution duly adopted by the Town Board on November 23, 1965, authorizing the issuance of $165,000 serial bonds for the acquisition of an additinnal Ferry Boat for Fischers Island Ferry District, in said Town. and the Certificate of Determination executed by the Supervisor on March 12, 1971. IrA our opinion, said Statutory Installment Bond is a valid and legally binding general obligation of the Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Bond and the interest thereon, without limitation of rate or amount. The form of said Statutory Installment Bond is prescribed by the Certificate of Determination executed by the Supervisor on March 12, 1971, but we have not examined the executed Bond. Very truly yours, I~Nfrl'i]l) STA'IES OF AMERIC,\ No. 1R-1 STATE OF NEW YORK $8,400. COUNTY OF SUFFOLK .... BOND ANTICIPATION NOTE FOE ¥~,' ~ ~. ~ ?? t . ,.~, ROAD IMPROVEMENTS - 1972 ~.,. _,?[I, ~' ,., ,. ~',. ~ Coun of New Yo~k hereby acknowledges itself indebted and fo~ value ~eceived p~omises to pay to the beare~ of this Nots, or if it be registered, to the registered holder, the sum of Eiakt Thousand Four Hundred Dollars ($8, 400.00) on the 9th day of August, 1973, together with interest thereon from the date hereof at ~he ~ate of two and seventy-five hund~etks pe~ centum (2.75~ pe~ annum payable a~ ~aturity. Both principal of and interest on this Note will be paid in lawful money of the United States of America, at the office of ~he Supervisor, G~eenport, New York. At the request of the holder, the Town Clerk shall convert this Note into a registered Note by registering it 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 his books and shall endorse a certificate of such registration hereon. Such transfer shall be dated and signed by the registered holder, or his legal representatives, and it shall be duly acknowledged or proved, or in the alternative the signature thereto shall be certified as to its genuineness by an officer of a bank or trust company located and authorized to do business in this State. This Note is the only Note of an authorized issue, the principal amount of which is $8, 400. This Note is issued pursuant to the provisions of the Local Finance Law, con- stituting Chapter 33-a of the Consolidated Laws of the State of New York, and the bond resolution of the Town of Southold, New York, adopted July 6, 1971, appropri- ating $10, 500 for the improvement of Town roads in said Town, stating the estimated maximum cost thereof is $10, 500 and authorizing the issuance of $10, 500 serial bonds of the Town to finance said appropriation and the Certificate of Determination executed by the Supervisor on August 9, 1972. The faith and credit of such Town of Southold are hereby irrevocably pledged for the punctual payment of the principal of and interest on this Note according to its te£ms. It is hereby certified and recited that all conditions, acts and things required by the Constitution and statutes of the State of New York to exist, to have happened and to have been performed precedent to and in the issuance of this Note, exist, have happen- ed and have been performed, and that this Note together with all other indebtedness of such Town of Southold is within every debt and other limit prescribed by the Constitu- tion and laws of such State. IN WITNESS WHEREOF, the Town of Southold has caused this Not'el [o be signed by its Supervisor, and its corporate seal to be hereunto affixed and attested by its Town Clerk and this Note to be dated as of the 9th day (S of August, 1972. E A AT~T~EST: ~ TOWN OF SOUTHOLD Supervisor THE BANK OF NEW YORI~ January 14, 197~ Mr. Albert M. Martocchia, Supervisor Tewn of Southold 16 South Street Oreenport, New York Dear Mr. Martocchia:- Enclosed please find paid Machinery Serial Bond - 1972 - # 1, for $ 3~,800 which has been paid in full on January 10, 1977. ~ you. E~ :m~J Enclosures Yours very truly, D. W. DEAL~ Assistant Vice President SMITH, TA~KER kND ~INKELSTEIN January 100 1972 Valley National Bank of Long Island Main Street Greenport~ New York 11944 Dear Sir: I have examined a record of proceedings relating to the issuance of a $34, 800. Statutory Installment Bond, designated "Machinery Serial Bond-1972" of the Town of Southold, in the County of Suffolk, a muni- cipal corporation of the State of New York. Said Statutory Installment Bond is dated January 10,~ 1972, matures in the principal amount of $6, 960. on January 10 in each of the years 1973 to 1977, both inclusive, bears interest at the rate of three and three tenths per centum (3. 30%) per annum, payable annually on the 10th day of January in each year until maturity, with notations of principal and interest payments to be made on the back of said bond, is a singly typewritten Bond, numbered 1, of the denomination of $34, 800. is payable to bearer without coupons and may not be converted into either a coupon bond or a registered bond, and is issued pursuant to Section 62. 10 of the Local Finance Law, the bond resolution duly adopted by the Town Board on December 21, 1971, authorizing the issuance of $34, 800. serial bonds for the acquisition of machinery for said Town, and the Certificate of Determination executed by the Supervisor on January 10, 1972. In my opinion, said Statutory Installment Bond is a valid and legally binding general obligation of the Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Bond and the interest thereon, without limitation of rate or amount. The form of said Statutory Installment Bond is prescribed by the Certificate of Determination executed by the Supervisor on January 10, 1972. Yours very truly° RWT:bc ROBERT W. TASKER UN[TEl) STATF. S OF AMERICA COUNTY OF SUFFOLK TOtgrN OF SOUTHOLD NO. l MACHINERY SERIAL BOND - 1972 $34, 8oo The TOWIq C)F SOUTHOLD~ in the County of Suffolk, a tnuaicipai corporation of the State of New York, herebyacknowledgcs itself indebted and for value received promises to pay to the bearer of this Boat the principal sum of Thirty-Four Thousaud Eight tfundred Dollars ($34, 800) in five (5) annual installments in the principal amount of $~, 960. on January 10 in each of the years 1973 to 1977, inclusive, and to pay interest on the unpaid balance of such principal sum at the rate of three and three tenths per centum (3. ,30%) per annum, payable annually on the tenth day of January in each year until maturity. Interest will not be paid on any installment of principal, or of interest, after the due date thereof. Both the installments of principal of and interest on this bond wilt be paid to the bearer of this bond in lawful money of the United States of America only upon presentation of this bond for notation of any such payment thereon at the office of the Valley National Bank of Long Island, Greenport Office, Greenport, New York. This bond is a Statutory Installment Bond, the principal sum of which cannot exceed One Hundred Thousand Dollars ($100, 000) and is issued pursuant to Section 62.10 of the Local Finance Law, and the bond resolution duly adopted by the Town Board on December 21, 1971, authorizing the issuance of $34, 800 serial bonds for the acquisition of a front end loader for said Town, and the Certificate of Determination executed by the Supervisor on January 10 , 1972, This bond may not be converted into either a coupon bond or a registered bond. ' The faith and credit of such Town are hereby irrevocably pledged to the punctual payment of the installments of principal of and interest on this Bond according to its temps. It is hereby certified and recited that all conditions~ acts and things required by the Constitution and Statutes of the State of New York, to exist~ to have happened and to have been performed precedent to and in the issuance of this Bond, exist~ have happened and have been performed, and that this Bond, together with all other indebtedness of such Town is within every debt and other limit prescribed by the Constitution and laws of such State. IN WITNESS ~IEREOF, the TO%~/ST OF SOUTHOLD, has caused this Bond to be signed by its Supervisor and its corporate seal to be hereunto affixed and attested by its Town Clerk and this Bond to be dated as of the 10th day of January, 1972. ATTEST: TOWN OF SOUTHOLD CLOSING CERTIFICATES Relating to Bonds of TOWN OF SOUTHOLD, NEW YORK CERTIFICATE AS TO SIGNATURES, NO- LITIGATION AND DELIVERY AND PAYMENT 1~:e, the undersigned officers of the Town of $outhold, in the County of Suffolk, a municipal corporation of the ';tats of New York and herein referred to as the "Issuer':, HEREBY CERTIFY that, on the 10th day of January, 1972, we officially signed and properly executed the $34, 800. principal amount of obliga- tions of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof, and that at the time of such signing and execution and on the date hereof we were and are the duly chosen, qualified and acting officers of the Issuer authorized to execute said obligations and holding the respective offices indicated by the official titles set opposite our signatures hereto. WE FURTHER CERTIFY that no litigation of any nature is now pending or threatened restraintn~ or enjoining the issuance or delivery of said obligations or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices; and that no authority or proceedings for the issuance of said obligations has or have been repealed, revoked or rescinded. WE FURTHER CERTIFY that the seal which is impressed upon this certificate has been affixed upon each of said obligations and is the legally adopted, pro,er and only official corporate seal of the Issuer. AND I. the undersigned Supervisor of the Issuer HEREBY FURTHER CERTIFY that on the 10th day of January, 1972, I delivered said obligations to the VALLEY NATIONAL BANK OF LONG ISLAND, Greenport Office, Greenport, New York (herein referred to as "Purchaser"), and that at the time of such delivery I received from the Purchaser full payment for said obligations in accordance with the contract of sale, computed as follows:- Contract price ........................ · ........ $34, 800. (Seal) Interest accrued to the date of such delivery ...... · None Total amount received . ... ...................... $34, 800. IN WITNESS WHEREOF we have hereunto set our hands and said corporate seal has hereunto been affixed this 10th day of January, 1972. Signature ~ . Official Title Term of Office Expires I HEREBY CERTIFY that the signatures of the officers of the above-named Issuer which appear above are true and genuine and that I know said officers and ~l~w__,t]lem/toh~d the respective offices set opposite their several signatures. (Signature) (Title) (Name of Bank) ATTORNEY'S CERTIFICATE I, ~OBERT 'W', TASKER, HEREBY CERTIFY ~h~t I am the duly appointed and actir~ Town Attorney of the Town of $outhold, in the County of Suffolk, a mu-~cipai corporation of the State of New York and herein referred to es the "Issuer", that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of the obligations of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questionin~ the authority or proceedings for the issuance of said obli~ations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices. I FURTHER CERTIFY that no authority or proceeding for the issuance of said obligations has or have been repealed, re~ked or rescinded. 1972. IN WITNESS WHEREOF, I have hereunto set my hand this 10th day of January, Town Attorney SCHEDULE A Amount and Title: $34, 800. Machinery Serial Bond-1972 Date: January l0, 1972 Maturities: 960. on January 10, 1973 to 1977, inclusive. Numbers and Denominations: No. I $34° 800. Interest Rate: 3.30% per annum payable annually on the 10th day of January in each year until maturity. CLOSING CERTIFICATES Relating to Bonds of TOWN OF SOUTHOLD, NEW YORK CERTIFICATE AS TO SIGNATURES, NO-LITIGATION AND DELIVERY AND PAYMENT we, the undersigned officers of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York and herein referred to as the "Issuer", HEREBY CERTIFY that, on the 10th day of January, 1972, we officially signed and properly executed the $34, 800. principal amount of obliga- tions of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof, and that at the time of such signing and execution and on the date hereof we were and are the duly chosen, qualified and acting officers of the Issuer authorized to execute said obligations and holding the respective offices indicated by the official titles set opposite our signatures hereto. WE FURTHER CERTIFY that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of said obligations or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices; and that no authority or proceedings for the issuance of said obligations has or have been repealed, revoked or rescinded. WE FURTHER CERTIFY that the seal which is ~npressed upon this certificate has been affixed upon each of said obligations and is the legally adopted, proper and only official corporate seal of the Issuer. AND I, the undersigned Supervisor of the Issuer HEREBY FURTHER CERTIFY that on the 10th day of January, 1972, I delivered said obligations to the VALLEY NATIONAL BANK OF LONG ISLAND, Greenport Office, Greenport, New York (herein referred to as "Purchaser"), and tl-~t at the time of such delivery I received from the Purchaser full payment for said obligations in accordance with the contract of sale, computed as follows:- Contract price ................................. $34, 800. (Seal) Interest accrued to the date of such delivery ...... · None Total amount received .......................... $34, 800. IN WITNESS WHEREOF we have hereunto set our hands and said corporate seal has hereunto been affixed this 10th day of January, 1972. Signature Official Title Supervisor Term of Office Expires December 31, 1974 Town Clerk December 31, 1974 I HEREBY CERTIFY that the signatures of the officers of the above-named Issuer which appear above are true and genuine and that I know said officers and know th/em t~hold the respective offices set opposite their several signatures. ~ (Signature) (Title) ~ ~' L]~.'~v York ATTORNEY*S CERTIFICATE L ROBERT W. TASKER, HEREBY CERTIFY that I am the duly appointed and acting Town Attorney of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York and herein referred to as the "Issuer", that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of the obligations of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices. I FURTHER CERTIFY that no authority or proceeding for the issuance of said obligations has or have been repealed, revoked or rescinded. 1972. IN WITNESS WHEREOF, I have hereunto set my hand this 10th day of January, - T;Dwn Attorney SCHEDULE A Amount and Title: $34, 800. Machinery Serial Bond-1972 Date: January 10, 1972 Maturities: $6, 960. on January 10, 1973 to 1977, inclusive. Numbers and Denominations: No. 1 $34, 600. Interest Rate: 3.30% per annum payable annually on the 10th day of January in each year until maturity. THE BANK OF NEW YORK June 27, 1977 Supervisor Town of Southold Main Road Southold, N.Y., 11971 Gentlemen: Enclosed please find Paid Road Improvement Serial Bond - 1972 #l for $10,5©O. for which final payment of $2100. plus interest was received this date. Thank you. DWD: gb Yours very truly, Ass't Vice-President SMITH, TXSK~R XXD FINKELSTEIN ATTORNEYS AND COUI~SELORS ~TIakW .Valley Bank of New York Main Street Greenport, New York 11944 June 23, 1972 Re: $10, 500 Road Improvement Serial Bond-1972 ~ff~,)~ / I have examined a record of proceedings relating to the issuance of a $10, 500. Statutory Installment Bond, designated "Road Improvement Serial Bond-1972" of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York. Said Statutory Installment Bond is dated June 23, 1972, matures in the principal amount of $2, 100. on June 23rd in each of the years 1973 to 1977, both inclusive, bears interest at the rate of three and seventy- five hundreths per centum (3.75%) per annum, payable annually on the 23rd day of June in each year until maturity, with notations of principal and interest payments to be made on the back of said bond, is a single typewritten Bond, numbered 1, of the denomination of $10, 500. is payable to bearer without coupons and may not be converted into either a coupon bond or a registered bond, and is issued pursuant to Section 62.10 of the Local Finance Law, the bond resolution duly adopted by the Town Board on June 6, 1972, authorizing the issuance of $10, 500. serial bonds for road improvements in said Town, and the Certificate of Determination executed by the Supervisor on June 23, 1972. In my opinion, said Statutory Installment Bond is a valid and legally binding general obligation of the Town of Southold, all the taxable real property within which is subject to the levy of ad valorem taxes to pay said Bond and the interest thereon, without limitation of rate or amount. The form of said Statutory Installment Bond is prescribed by the Certificate of Determination executed by the Supervisor on June 23, 1972. Yours very truly, ROBERT W. TASKER COl NTY OF SL Fb'OI,K TOWN Ob' SOUTi[OI,D NO. 1 ROAD IMPROVEMENT SERIAl, 12OND - 1972 $10, 500.00 The TOWN OF SOUTHOLD~ in the County of Suffolk a municipal corporation of the State of New York, hereby acknowledges itself indebted and for value received promises to pay to the bearer of this Bond the principal sum of Ten Thousand Five Hundred Dollars ($10, 500) in five (5) annual installments in the principal amount of $2, 100. on June 23, in each of the years 1973 to 1977, inclusive, and to pay interest on the unpaid balance of such principal sum at the rate of three and seventy-five hundreths per centum (3.75%) per annum, payable annually on the twenty- third day of June in each year until maturity. Interest will not be paid on any installment of principal, or of interest, after the due date thereof. Both the installments of principal of and interest on this bond will be paid to the bearer of this bond in lawful money of the United States of America only upon presentation of this bond for notation of any such payment thereon at the office of the Valley Bank of New York, Greenport Office, Greenport, New York. This bond is a Statutory Installment Bond, the principal sum of which cannot exceed One Hundred Thousand Dollars ($100, 000) and is issued pursuant to Section 62.10 of the Local Finance Law, and the bond resolution duly adopted by the Town Board on June 6, 1972, authorizing the issuance of $10, 500 serial bonds for road improvement in said Town, and the Certificate of Determination executed by the Supervisor on June 23, 1972, This bond may not be converted into either a coupon bond or a registered bond. The faith and credit of such Town are hereby irrevocably pledged to the punctual payment of the installments of principal of and inter~st on this Bond according to its terms. It is hereby certified and recited that all conditions, acts and things re- quired by the Constitution and Statutes of the State of New York, to exist, to have happened and to have been performed precedent to and in the issuance of this Bond, exist, have happened and have been performed, and that this Bond, together with all other indebtedness of such Town is within every debt and other limit prescribed by the Constithtion and laws of such State. IN WITNESS WHEREOF, the TOWN OF SOUTHOLD, has caused this Bond to be signed by its Supervisor and its corporate seal to be hereunto affixed and attested by its Town Clark and this Bond to be dated as of the 23rd day of June, 1972. ATTEST: TOWN OF SOUTHOLD Supervis or CLOSING CERTIFICATES ~ Relating to Bonds of ~.. i~,,~ TOWN or SOUTHOLD, NEW YORK CERTIFICATE AS TO SIGNATURES, NO-LITIGATION ' A~ DELIVERY AND PAYMENT We, the undersigned officers of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York and herein referred to as the "Issuer", HEREBY CERTIFY that, on the 23rd day of June, 1972, we officially signed and property executed the $10, 500. principal amount of obligations of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof, and that at the time of such signing and execution and on the date hereof we were and are the duly chosen, qualified and acting officers of the Issuer authorized to execute said obliga- tions and holding the respective offices indicated by the official titles set opposite our signatures hereto. WE FURTHER CERTIFY that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of said obligations or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers them - of to their respective offices; and that no authority or proceedings for the issuance of said obligations has or have been repealed, revoked or rescinded. WE FURTHER CERTIFY that the seal which is impressed upon this certificate has been affixed upon wach of said obligations and is the legally adopted, proper and only official corporate seal of the Issuer. AND I, the undersigned Supervisor of the Issuer HEREBY FURTHER CERTIFY that on the 23rd day of June, 1972, I delivered said obligations to the VALLEY BANK OF NEW YORK, Greenport Office, Greenport, New York (herein referred to as "Purchaser"), and that at the time of such delivery I received from the Purchaser full payment for said obligations in accordance with the contract of sale, computed as follows:- Contract price ......................... $10, 500. (Seal) Interest accrued to the date of such delivery. None Total amount received .................. $10, 500. IN WITNESS WYEEREOF, we have hereunto set our hands and said cot seal has hereunto been affixed this 23rd day of June, 1972. Signaturek--~ Supervisor December '1" l~,~'j~2~.~' Town Clerk December 31, I HEREBY CERTIFY that the signatures of the officers of the above-named Issuer which appear above are true and genuine and that I know said offtcers and k~2w,them to hold the respective offices set opposite their several signatures. ~,///~ ~.t_~> , ' ;~ ~z~- Valley Bank of New 'York (Signa~re) (Title) (Name of Bank) ATTORNEY'S CERTIFICATE I, ROBERT W. TASKER, HEREBY CERTIFY that I am the duly appointed and acting Town Attorney of the Town of Southold, in the County of Suffolk, a municipal corporation of the State of New York and herein referred to as the "Issuer", that no litigation of any nature is now pending or threatened restraining or enjoining the issuance or delivery of the obligations of the Issuer described in Schedule A annexed hereto and by this reference made a part hereof or the levy or collection of any taxes to pay the interest on or principal of said obligations, or in any manner questioning the authority or proceedings for the issuance of said obligations or for the levy or collection of said taxes, or affecting the validity of said obligations or the levy or collection of said taxes, or contesting the corporate existence or boundaries of the Issuer or the title of any of the present officers thereof to their respective offices. I FURTHER CERTIFY thai no authority or proceeding for the issuance of said obligations has or have been repealed, revoked or rescinded. 1972, IN WITNESS WHEREOF, I have hereunto set my hand this 23rd day of June, Town Attorney Amount and Title: Date: Maturities: Numbers and Denominations: Interest Rate: SCHEDULE A $10,500. Road Improvement Serial Bond-1972 ,June 23, 1972 $2, 100. on June 23, 1973 to 1977, inclusive. No. 1 $10, 5OO. 3.75% per annum payable annually on the 23rd day of June in each year until maturity.