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HomeMy WebLinkAbout10/07/1969753-G At a ~.~u3~/r~___ meeting of the Town Board of the Town of Southold, Albert M. Martocchla day of ~_~_~__ , 1969, at Daylight Saving Time. Suffolk County, New York, held at , in said Town, on the 7th o'clock p.. M., Eastern The meeting was called to order by R,,~ .... ~oor M~~ and upon roll being called, the following were PRESENT: Supervisor Albert M. Martocchia Councilman Louis M. ~emarest Councilman Howard C. Valentine Justice Henry A. Clark Justice Martin Surer ABSENT: Justice E. Perry Edwards The following resolution was offered by Justice ~=rtin ~uter' who moved its adoption, seconded bYccuncilmzn Hc~=r~ Va!cn~ it BOND RESOLUTION DATED , 1969. A RESOLUTION AUTHOP~IZING THE ISSUANCE OF $22,000 SERIAL BONDS OF THE TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK, FOR THE PURPOSE OF PAYING THE COST OF ACQUISITION OF CERTAIN BEALPROPERTY FOR USE BY THE CUTCHOGUE NEW SUFFOLK PARK DISTRICT OF SAID TOWN AND THE CONSTRUCTION OF A BUILDING THEREON. WHEREAS, proceedings have heretofore been conducted pursuant to the provisions of Chapter 763 of the Laws of 1960 and Article 13 of the Town Law by which it has been determined to be in the public interest to acquire certain real property and construct thereon a building for use as a comfort station for the Cutchogue New Suffolk Park District; and WHEREAS, it is now desired to authorize the financing of the cost thereof; NOW, THEREFORE, BE IT RESOLVED, by the Town Board of the Town of Southold, Suffolk County, New York, as follows: -2- Section 1. The specific objects or purposes for which the serial bonds herein authorized are to be issued are the acquisition of certain real property for the use of the Cutchogue New Suffolk Park District at a maximum estimated cost of $11,000, and the construction on said real property of a building for use as a comfort station at a maximum estimated cost of $11,000. Section 2. The aggregate maximum estimated cost of the afore- said specific objects or purposes is $22,000, and the plan for the financing thereof is by the issuance of $22,000 serial bonds of said Town, hereby authorized to be issued pursuant to the Local Finance Law. Section 3. It is hereby determined that the period of probable usefulness applicable to the acquisition of real property described in Section 1 hereof is thirty years, pursuant to subdivision 21(a) of paragraph a of Section 11.00 of the Local Finance Law, and the period of probable usefulness applicable to the construction of a building described in Section 1 hereof is fifteen years, pursuant to subdivision ll(c) of said paragraph and section. It is hereby further determined that the maximum maturity of said bonds will exceed five years. Section 4. The faith and credit of said Town of Southold, New York, are hereby pledged for the payment of the principal of and interest on said bonds as the same become due and payable. There shall annually be assessed upon all the taxable real property in said Cutchogue New Suffolk Park District, at the same time and in the same manner as other Town charges, an amount sufficient to pay said principal and interest as the saa~e become due and payable, but if not paid from such source, all the taxable real property within said Town shall be subject to the levy of ad valorem taxes without limitation as to rate or amount sufficient to pay the principal of and interest on said bonds. Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby dele- gated to the Supervisor, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Supervisor, consistent with the provisions of the Local Finance Law. Section 6. The validity of such bonds may be contested only if: 1) Such bonds are authorized for an object or purpose for which said Town is not authorized to expend money, or 2) The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced VOTING VOTING ye. VOTING v,~ VOTING v.. VOTING v~. The resolution was thereupon declared duly adopted. The following resolution was offered by who moved its adoption, seconded by ~,. an Valentine , to-wit: within twenty days of the date of such publication, or 3) Such bonds are authorized in violation of the provisions of the Constitution. Section 7. This resolution, which takes effect i~mmediately, .shall be published in full in ~uffoik 6~kly together with a notice of the Town Clerk in substantially the form provided in Section 81.00 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: -4- BOND RESOLUTION DATED October 7 1969. A RESOLUTION AUTHORIZING THE ISSUANCE OF $1,500 SERIAL BONDS OF THE TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF ACQUISITION OF EQUIPMENT FOR THE USE OF THE CUTCHOGUE NE~ SUFFOLK PARK DISTRICT OF SAID TOWN. WHEREAS, proceedings have heretofore been conducted pursuant to the provisions of Chapter 763 of the Laws of 1960 and Article 13 of the Town Law by which it has been determined to be in the public interest to acquire certain equipment including an aluminum boat and lifeguard stand for use by the Cutchogue New Suffolk Park District; and WHEREAS, cost thereof; it is now desired to authorize the financing of the NOW, THEREFORE, BE IT RESOLVED, by the Town Board of the Town of Southold, Suffolk County, New York, as follows: Section 1. The class of objects or purposes for which the serial bonds herein authorized are to be issued is the acquisition of certain equipment for the use of the Cutchogue New Suffolk Park District of the Town of Southold, Suffolk County, New York, at a maximum estimated cost of $1,500. Section 2. The plan for the financing of the aforesaid class of objects or purposes is by the issuance of $1,500 serial bonds of said Town, hereby authorized to be issued pursuant to the Local Finance Law. Section 3. It is hereby determined that the period of probable usefulness applicable to the aforesaid class of objects or purposes is five years, pursuant to subdivision 35 of paragraph a of Section 11.00 of the Local Finance Law. It is hereby further determined that the maximum maturity of said bonds will not exceed five years. Section 4. The faith and credit of said Town of Southold, New York, are hereby pledged for the payment of the principal of and interest on said bonds as the same become due and payable. There shall annually be assessed upon all the taxable real property in said Cutchogue New Suffolk Park District, at the same time and in the same manner as other Town charges, an amount sufficient to pay said -5- principal and interest as the same become due and payable, but if not paid from such source, all the taxable real property within said Town shall be subject to the levy of ad valorem taxes without limitation as to rate or amount sufficient to pay the principal of and interest on said bonds. Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby dele- gated to the Supervisor, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Supervisor, consistent with the provisions of the Local Finance Law. Section 6. The validity of such bonds may be contested only if: 1) Such bonds are authorized for an object or purpose for which said Town is not authorized to expend money, or 2) The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days of the date of such publication, or 3) Such bonds are authorized in violation of the provisions of the Constitution. Section 7. This resolution, which takes effect immediately, shall be published in full in Th~ Suffolk Weekly Times , together with a notice of the Town Clerk in substantially the form provided in Section 81.00 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: -6- Supervisor Albert Martocchia VOTING Yes ~m,lnm~lm~n ~W~a ~ val.n~n~OTING __~ L .... De.argot The resolution was VOTING VOTING ¥~ VOTING Yes thereupon declared duly adopted. STATE OF NEW YORK ) ) SS.: COUNTY OF SUFFOLK ) I, the undersigned Clerk of the Town of Southold, Suffolk County, New York, DO HEREBY CERTIFY: That I have compared the annexed extract of the minutes of the meeting of the Town Board of said Town, including the resolutions contained therein, held on the 7th day of ~cte~er , 1969, with the original thereof on file in my office, and that the same is a true and correct transcript therefrom and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that all members of said Board had due notice of said meeting. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Town, this day of 1969. (S E A L)