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1956 Bond
V. S. H. G, S-2846 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK $45,000 MATTITUCK PARK DISTRICT (SERIAL) BONDS, 1956 William Wickham, Esq. Box 96 Mattituck, New York f 0 My 16, 1956 How ia Vickham, Hsq. Mattituck, Now York Atex Mattituck park District in the Town of Southold, Suffolk County, Now York ..xile, 4 near Mr. liickhaa s With reference to our telephone conversation of May 15th, we have reviewed the provisions of Chapter 924 of the taws of 19410 as aided by Chapters 714 and 712 of the maws of 1943. Under Section 3 of aChater 924 of the Marrs of 1941, as ameagded# the first step will be the adoption of a resolution by the park Commissioners authorisinleseription the acquisition of the lands. ain Such resolution should conta of the lands, the maximum estimated cost thereof and should further request the Town Hoard to authorixe the issuance of serial bonds of the Town of Southold to finance the cost thereof. If you will furnish us with a description of the lands to be acquired, we will be glad to draft the necessary resolution for adoption by the Park Ccuss3ssioners. Since the acquisition of the lands in to be financed through a band issue rather than current takes, neither the resolution adopted by the lark Comisissioners nor the bond resolution adopted by the Tmon Board authorixing the issuance of the bonds will be subject to referendum. Both such resolutions may take effect Immediately. We will be glad to draft the necessary bond resolution to be adopted by the Town Hoard at the same time as we draft the resolution to be adopted by the Hoard of Park Comoissioners. If the Board of Bark Commissioners wishes to proceed with Immediate acquisition of the lands, such acquisition could be tesporarlly financed, after adoption of the bond resolution by the Town Hoard, -by the issuance of a bond anticipation note, an the other hand, if acquisition of the lands can be delayed until about August It as mentioned in our telephone conversation, we probably would have time to sell, issue and delivery the bonds prior to that date, inasmuch as a referendum is not required. li24Lli&S MIi ^a -�f ��• IPS60 R* 16, 1956 r our vile 3't We will hold this matter in abeyance until we hear further from you. With best vishee, 'fiery truly yours, MAU ]P#So The band resolutUin mentioned aboy*, to be adopted by the Torn Hoard, would not specify any of the details of the bonds such as a maturity schedule. $uteh details may be Piked by ae further resolution authorizing the bond sale. v, S. H„ A, 0�69uv�� I,J AY 2333 ,956 EPH N70 AP'TA V4 FY LAW OFFICES WILLIAM W I C K H A M VANNATIR, SYR$, ilfCKtER GALLOWAY MATTITUCK, LONG ISLAND NEW YORK MATT. 9-8331 May 22, 1956 Vandewater, Sykes, Heckler & Galloway 120 Broadway New York 5, N . v. Re: Mattituck Park District in the Town of Southold, Suffolk County, New York Your file No . 3427-S Att: Mr. Roswell C . Dikeman Dear lvr. Dikeman : In accordance with our telephone conversation this morn- ing, I am enclosing a description of the property to be pur- chased by the Mattituck Park District from the Estate of Wickham R. Gildersleeve, Deceased. The Park Commissioners, there being three, are planning to meet at my office on Friday afternoon to pass the neces- sary resolutions. The purchase price is $45,000.00 which is to be raised by the issuance of bonds . The additional a- mounts necessary to cover apportionment of taxes and insurance, title and legal fees, amounting in all to not over $1,000.00, will be taken from funds on hand. I talked to the Supervisor of the Town of Southold on the telephone this morning and he assured me that if the Park District resolution is passed this week, the Town Board, in meeting on next Tuesday, May 29th, would pass the neces- sary resolution for the issuance of bonds . In a discussion, also, with Henry Tasker, attorney for the sellers, we have tentatively set July 2nd as the date of closing title. Thanks ever so much- for your co-operation in this matter. Very/ cordially ,yours, WW:idz Fxi al. Description of Property Mattituck Park District from Est. of W. R. Gildersleeve All that tract or parcel of land with the buildings and improve- ments thereon, situate at Mattituck, Southold Town., Suffolk County, New York, bo coded and described as follows : BEGINNING at a concrete monument set at the Intersection of the southerly side of Peconic Bay Boulevard and the westerly side of Bay Avenue; running thence along the westerly side of Bay Avenue, S. 140 35 ' 00" E. 400 feet, more or less, to ordinary high water mark of Peconic Bay; running thence in a general southwesterly direction along ordinary high water mark of Peconic Bay, 350 feet, more or less, to land now or formerly of Haggerty; running thence along said land now or formerly of Haggerty, N. 21" 31' 00" W. 470 feet, through a concrete monument at the top of the bank, to a concrete monument on the southerly side of Peconic Bay Boulevard; running thence along the southerly side of said Peconic Bay Boulevard, two courses and distances, as follows : (1) N. 650 56 ' 00" E. 112.56 feet to a monument, thence (2) N. 760 18 ' 00" E. 291.46 feet to the monument and place of beginning, said courses and distances being according to a survey made by Otto W. Van Tuyl, Licensed Sur- veyor, Greenport, New York, December 22, 1950. TOGETHER with all the right, title and interest of the parties of the first part of, in and to Peconic Bay Boulevard and Bay Avenue, adjacent to said premises, to the center lines thereof. TOGETHER with all right, title and interest of the parties of the first part of, in and to land below ordinary high water mark and under the waters of Peconic Bay adjacent to the premises hereto . Deserl"19.n of Property Yattttudg park x6triot fron Seto of We R» Aildoral"T All that flet or parcel of land with the buildings and improvo- )rents th r"n't_ situato at 14attituak, Southold, Toxh, Suffolk o ttnty# Now Ybrk*. beaad*d and demaaribed as to3lews.t 326INNIX6 at. -a "'nevott Mfnt moot Get At tb* int orseet ioia of the southerly'side o f Po4oxis Day NO1thq-*j a►st rl7 side, of Day AV14nme f ,r*nnl t am" Gloat the, w*aterly,,s ide of okay ,Av tue, S. la• 86W 00va,a» a00 tftt# :aeore 1'03P 1"0* to a *11ac►ary high water mak of peeontd :tj. rmni>ed than' to In a #*a4val 060bW otoily dip etion wand ordinary high water WAW of i~a*6*10 Ston, 6$0 to*t„ wore or Usti to land now or formerly of Rybgsft`j';rvasthd thftoo. along said land now or to merly of aggoorp. No die: $10 W T* 470"1,"t thilb agh.4i 004.0`r*tt ftanmmt at tui►. a d! Me bank, * * eonaret* mmment on the south*rly side of ?*4oni* 367 Boulove,348 romias theme # 'aeon* the southerly :Wo of sa0P**onto,IV 30*10"ra" two aour"s and distaneos, as follows$ (1) 1# 6610 gds 900 f*A' '%a a ftft=ftt, thenoe ($) X» ?S*1 Its t 00e leo 291«4S ,feet to twit''into tplae4 0! bsgix nir►g said coups" and distoc "Al fre t , to� a survey ffiaelar by 4titer fit. flan Tuy , "Y"t baa. , Tor$r Deeembor itd, 19 500 , TO4%VMCR.with` all the :right, title -and . 1nter`eat of .the partied of the ftriek part of, In and to P"onio Say Sovaerrard and Say Avenue# a►djesent to.'s-aid preml6►sA to the eantor lines thereof. "Q 'R with all right, title and lnter*st of the parties of the li,v t part of, lea and to land below ordinary high water stark and mdetr the water* ,of posouie Day ad ja*Mtto the ,preen s*s hereto, 1 r May 93# 1.956 W11114a Wi+ekhaft, Kaq. box 96 ftttitU4k# 1brw 'fork Rot iKatttittj4k iii bletri!et in true Town of Bogthold S%WOlk COtent Y P NOW TOrk akar rile 3427-S Dear Mr. MloktWae Thank you !or row letter or My 22 enalosing the desartvtl�m of the darty to be at quIred by the above mark Dist riot. we an •nslasing herewith the rollowimt 1* assolsetIon. to be adopted by the Board of Fork ComAssioners "thorix'is4 the atagveisition or the property sued regwstlr4 the Taut Sao" to authorize the issue of bonds thtrsifor. $. Snort form bid resolution for adoption by the Town Board. "m or 1"Pl enoties to be published pursuant to seetion 1 00 or the LQoal Fine"* Law Atter the First Mentioned resolution 1s adopted Pri"y by the Doard of '"'lark t+aaea des ionsrs, us same no reasonthe Town Board sa id not "Opt the borA resolution at Its mmzue Tuesday My L9. Bush bond resollatityn shtald beted bbl at least a tso»th s vote or tebse-*at a votingstrength of the Board, At'`tstr adoption or the resolution, paiblieat1*n or the omlosed 1*01 notices should be made tie in the offislal nowspaeper of the Town. You will nate that lection 5 or the enclosed bid resolution sentasns provisions dentins to the "loor the autboribp to salad bond aan►tiolvat tin notes In antieipation of the bondc. We will be glad to prepmxe the neoesew papers for the e+eeea►WW--- iBed note it# approximately o m "ek in hdran o g Im will seder Bs +s!` the detailq of the note. Sumh de its sh e d Incl the, �t of the not* we "*=w this will be4S,►000r Interest rate# pj&W oft, end none of has�rr. We would rete that the mote inem� a prepaymonset use and be issued !or a period of six amths. i willum 'mol al, XBQ* .. 2 ,. may 93# 1"6 In d o somms Please furnish oo with th foll0WJj%t 1, Certified sopy of the resolution to bar adopted by the hoard of Park Oam"Sioners, 2, # rtItIod ate►' of the enclosed bond resolute to be "opted by the TOM 30640C 3* MatOrts affidavit of pk►bli"tioo of the 00410"d 3608" notift o With toot gist**# very 6"dy Vis, At a Ming or t of or the MkUlft rk lark Histriet 1=i the TOMS of Southold, Sotfolk qty, ftW Ybrk„ hold at ,......... , in said on the USday of MLTs 1 • at alslock .,No* ZMt*3M JM7lJ4ht S&VIris TIM. The woetimi Was "it" to Or4er by AM the "It beim sallod„ them Woft That folloWing rtsolatiou mm off*rod by ....,..........,.........�..� Who =nod its adoption, "ooaftd by . to-wits L + t SAM MAY 95, 16. A MiMf9s1' 'St" AWSWULUN TJ M ACOMMY CW CUMM MAL IM M 11MIUM 1 COM, UK 'fes„ AT A M f M W dam', iTAL �fMMd, V . HM IT lIMMQLTMM„ by tht H+ Oft of fart Caenissiomm of than Nattitusk Park Histtrist in the of Southold, Suffolk Comaty# Mw York, as follows ,,, rffig o Pw pAnt to the provisions of f etion 3 of Omptep gt Of the 1"S of IW4v " aaWnftd, the acquisition of the Poly Sts ibtd pwoportl for the Mttituok ftrk Matriet in the TOM of Southold* Talk Comt', Mw Yofk, is hereby authorised at a nanisstt estlsatod seat, inolu Uwg ImIdental. eac *mws, or W.000. ,Maid propurty ars bomam and dtseri'hed as follows I ALL TUT TRACT an PAHM OF LAND with the baildl "d IN"01 tents theromsit" to at MNtttitwtk, ahold Tows lhwtfelk d` 'r llwt , besrndod anddeswlwdae f+wll,ow s -0110 at a SOMMU VMMM f►t "t at the intorseetUm off' dt t-bi so-uthorly elft oP 'fteonie s Boulevard "d the weetw r old* of Hap►' A j rAul" thou" alova taut w*stsrlly stilt or i► ,. met aXiht t ss 14a � 000 2. 400 Teets or Umso to ordiSRW h h 1later mark Of Pt►s=i* BNWJ rMning UW=W In a 40003*1 soath"stesl d tr"tion along 09410u T hI& Waw* wWk of F*eanis , 390 fftts govt or hetes, to lmd imm or to"Wrly or Ai x - thenoo alog odd lid am or roa"trly of , Xe 210 31t 000 W, 47yo foot* t a oa sts tint a the top of the bank, to a Ott e att on tht smtherlo side of ftoonie fty 8 m acrd; dim thtnse alb the So lithe r►ly side or Sam May two sees and distaff es„ as follow e 1 R. .teX* U2v56 l. tttto a to tlt At t Ot�rnsef a T60and Imw tat' s ► to and diads Ulm award 1w Otto W. Tm ?"I. Lio emsed " Itr+tr York* ntew6w 22,, 1"0, TQA VZM With all thf t, tithe and interest in and to PrtBoulevard = A'wta�nM s sd„ ent to � Weutsesr to tht 11x!94 tlserW. TaQtTM With all r1ot# titl* am interest in am to mod balm ordIRIVY hW Vatsr UU* and WWWw the maters of Pteanie SKY adJaoent to th* pxOalses hereto. &StAS 2#, The Board of the TQtaat or datthold, dni"folk County* lit York* is hereby requested to authorieat tht issssnae► of $4!5rOC4 SOVIS . bonds Ot said TOM psrswuttt to the prorIsins or the Loos F►aanae LN to pair a part of the MAMIS estiaaxed soot of 404h 616joet ar VWTOM. 910 Waan ne or aueh WUdmM "Unrated sosto bail tilt Mowt of $1#000# shall bo mat►id+ad trap ownat funds of sand Park xst tt to be a tropriated therefor. Mstioa_3. A ear'tIrled ropy or this resolution ah+n bee filed with the Telast Board or said TOM I deetio ., this resolution shall take eft*et i#Mdiatelg►. w rr �► ar o► l I 1 .. 3 STAU OF M YM Own of sop= I, the W#srs3ped S&O"tUT of the Baird or Parc COMMI"lonors of the Mttitftk Park Bdstriot In the Tom of Southold, Suffolk C*Mty* New bark, D1 HCMW CXR2=s That I h&Vo oarpar ed the as exed *Xtrmot or the u1nutes of the meeting of the Board of Park Cowdssicsers of said Mttitw8 Park bis tri ets 104390M the McOlUtion contained thsrsinp held on the 95th day of My# 1"68 with the "161=2 therw on file is 1 ,w offt* "at the own is 4 true and o s'ti tr&=4Wipt thorMefrois and of the Whole of said original so far as the same rllatos to the sub jeot matters therein referred to* I T RMtTvy that 411 Members. or said Boaft had d" notisof or sold seetim,,, IN W12SM VHiR W, I have hereunto sot YAw hsnd and affixed the seal. of *&1d ftrk Dist this day of M►, 1"6. �d X A A) IIOMS 13 '1 111' QZW that tht MoIuUOU 1461.1shod horewIft bas b"A adopted by the '11OIpElt Board of the %%WA of Southold& Slitfolk tr* MW Tafts on that "th day of Mrs v aM US Validity of the Obligations authorized by such resolution mem be hereafter sontostod If such obligations wom authorized for an object or pmVmm to %*Uh said Town is not authorized to *Vend moth* or, It the provisime et lase which should have been complied with as of the date of filiation of this notice more not substantially *=Wliod with$ and an "tIms suit or Proceeding Contentim such validity is eaw m"Od within twenty dabs after the date of publioation, of this notice„ or such obliWtjO" WWO authoriseed in violation of the previsions of the Con titutioa« MUM Now Zork, 2g6. At a metes of that Town Board of the 'ort of sthold, 30folk domtr,, Now Tbrk# held at rirr■rirrrrrrri nor.r.r■rr■.err.....�..rwrrurrr`w.rrrr■rti■r�trrs In said Toww an the SM day or o 1"6at o f olock .0""0 t!3'rn Barlight SILVIM TIM* se meetim Was oalud to oriezr by avid the roll beg *all"* therm 1Mom ABMW3 The folly resolutum me offered by , +� �..rw.■■.w.rrrnrrrrnwrr+r�wr Obs, MoIts adoptions see '��"'Ir .nnurwrrrrm • to tI am --- am= � '' �� f dA r2MO WNWAU# the Dowd at ftrk comal ►mss of the tfork Uml et to the of SwAtb*U# folk Oowtys NOW Vwko *Ay a %" +It l l an the data a' of 'r 190* a�th �r thea�lslt t Mart yraa "'+ "d's as thela► aa& for s +dt Park Alstruts at a awdwm met rated 09st'v lasfwud3a� l %&I t momms or wooms vhf* vosmlwt a este this Tom Bond to a h"ogure the ISWARM or 4"0000 serial be"* of Sam to pay a part or said maxtum outs ,# * n l FAMMMID* #0 lom Board or the Tom at tumik lw* Fier the mpmltlo ObjOwt or mss ot u* a pwt or #0 Owt or %b a or the ss provemy �+s�'M►xaawo � #�r bwoet lu ad ftr Mo .. lark aws" la OR low Ot f b $GuQlit IN* thwe air barew 's" to logo* #46M smulbRaft sw . at 3w the 110 *as aell Ot "$soA aa+a'#a or 104" TOM b B' this 1034PSIMMON40 al` s ONIMI tt Of SWA K$tft*t ..As. 2t IS hW*bp vat the Pastan or probol" Ot mob Obj"t or PWVQMO PUS to SWOOISVISIM 21 Ot a +at Seetl4a 31.00 at ami t aal Viewwo two U the vow*,# amt that tho USXUM inturitr at the beaft bWola win a ftv* yawa. AMONS IL OW ftith and amodit, Ot t t TOM Ot ld,* SWrtolk Wit'„ tr , WO s r ► ter a ' car t boaft am t" l tw"t th4mme TO pa► ` Iwo boaft Md inert tha"as %WWO ShaU awaw 11 be 20Mt "aaa t MMUSt► the %MOIa aaa rw Ot so PON* t,r a" a" S" " UMV 11"a SOMWO ast tho *lm tom„ a" bF for am IMMON" " the wawa alt "" & I"%"* aaa"S" a[ apt t faaa aaw Uterwat as #* sow raapostiv" r bosom fte WA pav*bU# 19 not PWA tow waft ate# ate. the tavaUlt re" Prevem4w idt WA tbo wS as Jeet to this low at #A v*Uwm tomwo to Pw aat baeft and Utamt th"Oan without Unitatuft as to Mte or MOWAO ! Subjeet to Ow pmulaw at tbo W"l ltaaw M %w o tho pwa to ada 9t the ISOMMOR at a WOU be" a ►aa► Malfte A^ a rt aV&SAW alt" "aw " wd 10 Ot thlo oat" bleaft haftla laa"aes aft snob >otos* is b"40 ► ' to tit! a �►l-vor# the ebw t aw arlwwo Sba $ be at aveh tww# fftw =6 aaat taws a A. tt 0034 allmor as awe to aalavliblIL aat , wrrrw► l c► em"t"to adth the P"Illum at ala Putt &W* va awat tr at a boaa awl be a say Its w wo ata to tw *& ,**Wt varpme tw a t tom► Ism 4w *mum" to aa►t 86111011, to *wSw* v'p or 'fir taw at Uw W" Shwu 'ti 00WOU" wift *t all dater of ► at t of thu am not substanumbl�r e1 � am an "tom* Indt or swoosedUMt"UM *Wh 11 alUlty ie ml l"" Ott' do" +a►t r th* data sad" spa► fitIan# or owh ban& am att aaad ia1► rie1at3 t at tt t ar► s ur at Me titax#ica, �1 to"s Of"t a shau is 3 t tv" %to M413,44" at G&W tea►, to ther with a ao'tio► at tom► TO In am* 34 t1w tam Draw"" ft I"tl= ft000 Ge th* 140" atm "W q"stlml of th* &ftptioa or th* to oiM V*801301= V" 4VU put to a vote roll G11, *tuft rlsate *a toll0"t V T= V VOT3 VOT V "W re Xolutim aaa bliwz*x d"la►d ftly ""t". 4 .. STATX OF NNW I= SSI Comm Or SLK I, the undersigned Town Clerk of the Town of Southold, Suffolk County# Now mak, DO HEM'I CBgTIFYs That I hAve aompared the annexed extract of the minutes of the we eting of the Tom Board of said Town, including the resolution aontained therein, held on the 29th day of !play, 19%* with the original thereof oa File in my offlee, and that the sane is a Unw wd ae est trawoript therefrom mad of the whole of said original so fair as the sage relates to the subject matters therein referred to. I FWMM CMM that all nemcbers of said Boord had due notise of said wetixa. IN WITUSS WRVOWp I have hereunto not any hand and affimd the seal of said Town this _ day of ,,,�,,,.,,,,, ,�,,,.,._ ,�,� i�6• MR awe �S g L} D���fle 0 LAW OFFICES JUN 3 1956 WILLIAM WICKHAM �IJYIt1tr�� ' MATTITUCK,LONG ISLAND Ar NEW YORK MATT. 9-8331 June 6, 1956 Vandewater, Sykes, Heckler & Galloway 120 Broadway New York 5, N, Y. Re: Mattituck Park District Att : Mr. Roswell C . Dikeman Dear Mr. Dikeman: This is a `report on the progress in this matter. The resolution was brought before the Town Board on May 29th, but the Board felt that it should have more information. This has since been supplied in a series of conferences and I have been assured that the resolution will be passed at its next meeting on June 12th. I want to point out further that there was an error in stating that there was an official newspaper of the Town. The Town Board has not appointed one, but insists that the notice be published in both the Long Island Traveler - Matti- tuck Watchman, which is published at Southold, and The Suffolk Times, which is published at Greenport. Both are weekly news- papers. I assume that Section 7 may be changed to read as follows : "This resolution, which takes effect immediately, shall be published in full in the Long Island Traveler - Mattituck Watchman, a newspaper published at Southold, Town of Southold, New York, and in The Suffolk Times, published at Greenport, Town of Southold, New York, both papers having a general circulation within the Town of Southold, together with a notice of the Town Clerk in substantially the form provided in Section 81.00 of the Local Finance Law." If the resolution is passed on the ,12th, we intend to publish in both papers on the 15th. Very cordially yours, r WW:idz r.,. June Sy 1956 WIIIUM N'iskhMs 28q, Box 96 Nattituok, Now York Rot multuok lark Histriot in the 'OWD of Bouthbld„ Suffolk County* York our File 42T-S DOW Xr. WI4khWt '.'1"hw* you for your letter of JUno 6th. We have no objfttion to the "Vision of SOCUOR 7 of the bond resolution as outlined in your letter„ site thw +estoppel notiee will be published is two newspapers. Sias* the bond resolution will not be adopted until the 12th of June, the dater of sut3h resolution* referred to in the title, should, of *our$*# be changed aaeordlvWly. With bast wishes, vory truly yourso RGD►f lta LAW OFFICES �g � WILLIAM WICKHAM - MATTITUCK, LONG ISLAND NEW YORK ;gp,W,,j[R, SYKES, HECKLER & 6'lMAY MATT. 9-8331 June 28, 1956 Vandewater, Sykes, Heckler & Galloway 120 Broadway New York 5, N . Y. Re : Mattituck Park District Att: Mr. Roswell C . Dikeman Dear Mr. Dikeman: I am sorry for the delay in keeping you informed of the progress of this matter. The Board of Park Commissioners met and passed its resolution on May 29th. As I indicated in my previous letter, the Town Board held over the matter until June 12th at which time the resolution was adopted. The notice was published in The Long Island Traveler - Mattituck Watchman on June 14th and in the Suffolk Times on June 15th. In accordance with your request, I am enclosing certi- fied copies of the resolutions of the Park Commissioners �r and the Town Board together with affidavits of publication of the notice. Will you please make a note that we want to close this title as early in July, after the first week, as I can make arrangements to do so . In your letter of May 23rd you stated that you would need approximately one week notice for that together with the details of the note. I shall forward this advice to you a week or ten days in advance. Very cordially yours, WW:idz E.n.c1. AdY * 19561 � 10 Wl4khat#, Esq Mttituoko Tient York Res NattItuak Pare blstrist In the Tom ofthtrl folk C ty# Barr York Our File 34274 Doo" Nr* lia»: Thw* you for Your latter of Juno 98v 'wrath eneles wes, Whleh are in proper order, We will hoxd this setter in absymeo until We rseeiVe than detaIIII of the propod*d note. With best wishe ns Very tray Yours# ROMM f LAW OFFICES r WILLIAM WICKHAM MATTITUCK, LONG ISLAND _ V kl' ! NEW YORK MATT. 9-8331 July 17, 1956 Vandewater, Sykes, Heckler & Galloway 120 Broadway New York 5, New York Re : Mattituck Bark District in the Town of Southold, Suffolk County, New York Att: Mr. Roswell C . Dikeman Your File 3427-5 Dear Mr. Dikeman : The sellers' attorney, Henry Tasker, and I would like, if possible, to close this title next week. Although the Supervisor has asked for bids for a note for temporary financing, he does not have the figures in at this moment. The chances are, however, that we will know the successful bank a little later this week. I dare say it will either be The First National Bank of Greenport or The North Fork Bank and Trust Company at Mattituck. The interest rate should be around 22%. In any case, the note will be for six months with the privilege of pre-payment. Would it be possible for you to go ahead and prepare the necessary instrument? I will either call in the balance of the information, or the bank, place of payment, and the in- terest rate could be left blank. Incidentally, the name of the Supervisor is Norman E. Klipp. Very cordially yours, WW:idz , r July 24 1916 William Wickham, Bsq,» Matti�tuok, New York Ret Town iot �C 'fatrklllistrmtt .+at�k our lila 3427-3 Isar Nr. Wiakhart Thank you for your letter of JUly 17 We are "Glosind herewith the folIOVU I 1» Bond anticipation rote oertifieate with fors of note attached $+ Signature oertif leats» Reeeipt. 460ero3 oertif ioate. « Debt st+ateMent !ores« The lt enelosed aertilioate should,lewith t or Tobe 08 have the dupervisor � eosareterpart bolt lieertd�n ir�!''o",Stioa as toxo ttailswof t would of llankSUSPOt #whiff == Npletl�. In this to deliver the t:: as of the same date that it is plated same to the pu rehasiny bank aPtUSt int* While a debt stat At is not legally reqs in eOnneetiOn with the issue of a bond *ntieipacar files t *4rrt o Wil s� Bush e�reeuted debt statewnt for debt BUtsmt my be amteuted as of any Gurreat date. After the delivery of the eno ed PMIS► !'`coat vtuoi the F"wv rMrr against papeat at the Purot�as•' P �" pleand �, listed chow« an e3wouted sounterpsrt of items is 3, # with listed sp&bO"-4 op n3aaion re,lteiVIM these items we will famish you In e0"IetIM the efselosed Neoeipt.s please as" SMV that the data Of aetual delivery of the note is entered thereon. With best wish*$, Sifterely YO s l ores w END A MCIPAi. ON NM A VATXD Igo* CS�lTIFIt AT9i OF THS Sam"" OF Ta TC?W!t OF SOWMLV MW , AUTMnI= THS MUM OF A $45,000 MM AMMIPAT16N NOT! OF SAID TOWN IN CONN MON WITH THS AQQVISITION OF =MIN MAL VROPKRTY IN AND FOR THS NATTIT-- PARK DISTRICT IN SAID TWN, I, the u nftrsigned Supervisor of the Town of Southold, Suffolk County, New York, DO HE MBY CXRT'IFYt 1, Pursuant to a bond resolution of the 'Town Board of said Town of Southold, Now York, adopted on the 12th day of June, 19%# delegating to mme, as chief fiscal officer of said Torn, power to issue bond anticipation notes of said Town in the principal amount of $45,000 for paying part of the cost of the acquisition of certain real property in and for the Mq►ttituak Park District in said Town, 2 HLUBY AVMRZ= the issuance of a bond anticipation note of said Torn in the principal amount of $45,000. Such note shall be dated ._,._ 1996, shall be mwberrod 1, shall bear Interest at the rate of two and fifty hundredths per cent= (2.,50%) per annum, payable at maturity, shall mature __.�.__ • 199.0 with prepayment reserved, and bothprineipal of and interest on such note shall be payable in lawful money of the United States of America at in New York. 2. The specific object or purpose for which said note is hereby authorised to be issued is to pay part of the cost of the acquisition of certain real property in and for the Mattituak Park District in said Town. 3. specific reference is hereby made to the resolution authorising the bonds in anticipation of which such note is authorised to be lesued, such resolution being entitled as follows: OWND USOLMON DATXD JUNg 12, 19%. A RSSON AUTHOR " IN@ THR ISXLTAl OF $45 v 000 SBRIAL Done OF THS TOWN OF SOUTHOLD# SVMLK GOUNTY, NSM YORK TO PAY A PART OF THS COST OF THS ACQUISITION OF FAIN rdM PROURTY' IN AND FOR THS NATTITUOK PARK DISTRICT IN $AID TIM,,* 4. The amount of bonds to be issued for such object or purpose is In the principal amount of not exceeding $4!5,,000. Such bonds axe to be serial bonds. S. The total amount of the bond anticipation note to be issued pursunt to this certificate is $4!50000. 6. No bond anticipation notes are now outstanding or have hmtotore b"a issued in anticipation of the sale of suorh bonds. 2 'w V. The note authorized by this certificate is not a renewal note. 8. Said note is issued in anticipation of bands of said Tom of Southold for paying part of the cast of the acquisition of sertain real property in and for the YA%ttitucck Park District in said Towae,, which is an assessable improvement. The faith and credit of said Town of Southold, New York,o art hereby irrevocably pledged to the p"ment of the principal of and interest on said nate, and said note shall be paid from the proceeds derived from the sale of bonds in anticipation of which it is issued, as provided by statute. 9. 1 further certify that the power vested in and delegated to same to Issue such note is in full force and effect, and has not been modified# amended or revoked. 14. Such bond anticipation note shall be executed in the mase of said Town of Southold by its Supervisor, sealed with its corporate seal, attested by its Town Clerk,, shall be in substantially the force attached hereto, and the same is hereby sold at private sale to The North 1 'k Hank a Trust Company, in Mattituak,, New York„ at a price of not less than gar and aceruod interest, if any. 11. 1 further certify that no officer or employee of said Temic is an officer, director or stockholder of said purchaser. Mated i Now York, 1956* peva' se;�r An executed counterpart of the foregoing certificate and attached form of note were filed with the Town Hoard of the 'Town of Southold, New York, on the day of , 19 • WE *own or mow" VOM of SSVOAOIA# A& ' ; # Toorm Towsma SMLAM 0"O ' cgo ago* 6 Tow" es"Powi la Obt WOW b tl-e Town of Southold, Suffolk County, Now York, 45,000 Bond Anticipation Note, 1956 XX3= said Town of Southold, 45,0W xx 56 2.50 at maturity xxxx ihersd 1 and maturing on with prepeymnt reserved. Town Southold That the Nord ~bonds" shall be read as *nate" fiver necessary in this Signature Certificate. 56 Supervisor so r Town Clerk t of Southold, Suffolk County, New York, xxacxxxa Supervisor of the Town The North Fork Back & Trust Cowpony, in Mttituck, NOW York, pation Nate. M6, 450000 Band Antlai- said Tim of Southold, 45,OOO xxx 56 2.!SO at maturity Numbered 1 Bund maturing on s 1956, with prepayYwent re"rved. 45,voo.0o 56 56 That th* word "bobds'" shall be read as *note* where"r neasssary in this Receipt. Supervisor XWOOM GXNXRAL �FICATB ..rrrrnrrio rrrr■rr■rr�rrr.�r SU 4 LK rrrrr�r r■rrn ■ .w ii ■rri rrr. rr r■rr.�r■ �r■rrr.w� Southold, Suffolk County, January 10 1956. xx Councilman Justico of the Race Justice of the Race Justiee of the Peace January 1 56 January 1, 1956, 56 �8 B A L) July 27, 1956 Re: Our File 3427-S Mattituck Park District Memo of telephone conversation with Mr. Wickham on July 27th. Mr. Wickham called today with reference to paragraph 11 of the bond anticipation note certificate, relating to the interest of Town officers and employees in the purchasing bank. He indicated that as far..as he knew, no Town officer or employee was an officer or director of the bank, but that he was not sure as to stockholders. After some discussion it was agreed that we would accept a modification of such paragraph to read "11. I further certify, upon information and belief, that no officer or employee of said Town is an officer, director or stockholder of said purchaser. " R. C. D. LTA August 3, 1956 Re : Our File 3+27-S Mattituck Park District Memo of telephone conversation with Mr. Wickham on August 1. Mr. Wickham called with further reference to paragraph 11 of the bond anticipation note certificate as modified pursuant to our previous conversation on July 27. He indicated that the Supervisor was unwilling to sign the certificate containing the modified paragraph, since he had reason to believe that there were Town offieers, or employees owning stock in the purchasing bank. After reviewing the provisions of Section 60.10 of the Local Finance Law with Mr. Wickham and the Town Attorney, Mr. Terry, it was finally decided that the Town would proceed with the issuance of the note, based upon a certificate omitting paragraph 11 entirely. It was understood that we would not render an opinion in connection with the note, although Mr. Wickham will furnish us with the papers relating thereto. R. C. D. i' RR LAW OFFICES WILLIAM WICKHAM MATTITUCK, LONG ISLAND NEW YORK MATT. 9-8331 August 3, 1956 Vandewate.r, Sykes , Heckler & Galloway 120 Broadway New York 5, N. Y. Re : Town of Southold, New York Mattituck Park District Your file 3427-3 Att : Mr. Roswell C . Dike man Dear IJtr. Dikeman: In accordance with your letter of July 20, 1956, I en- close executed couriteroarts of the following : 1. Bond anticioation note certificate with form of note attached. 2. Signature Certif icate. 3. Receipt . 4. General Certificate. 5, Debt Statement . After our telephone conversation on Wednesda:'7, we had to make a quick switch to The First National Bank of Green- port . The Supervisor and Yr. Terry would not go along even with the provision eliminated from the certificate since there would still be non-compliance with the statute . V'ye did not have time to secure new note forms since the closing was scheduled for Thursday and I could only nut it off one day. I trust, however, that you will find everthing in complete order. Very cordially yours, WW:idz Encl. y Amt 6, 1956 � 1 � 1�+, leMtttituak, now York Ruts TMh or�� *Uth ► } MV York ttituak � District our M* *7MS Dear Mr. ' iekhams Tank you for your letter of Auv*t 3rd with *neslosuros. While there are some minor irregularities In the debt stat Ant, whiah oxw not important at this time, the other items enclosed with your letter exi t in Provier order. dacordi.ngly, w* are enclosing herewith ogn*d oopi*s of our approving opinion with r*f*r* e to the note. We &name that you will wish to jpwwoos I with the s�%+r of bonds this Falb.. This being the case, the next . stop will be for us to prw-ares a final, bond resolution for adoption by the Town Notal i"izi the dotalie &uthori*in;g the was of they bonds. n order to draft such "solution, however, it will be n**"sary to sd a determination as to the maturity sahodult desired if you will inform us of the maximi maturity 4"Irod for the bond issue, we will rocomw td a possible maturity sohoduhe, With best wish**, , Very truly yours, itt3i?e Snolosuro AUN=t 6, 1"6 or &Mthom, State of Ift!1 Yorok "WCr2 SWPMZ MWI TWK 05 444 VWD A3V=7ATrCK MEAT$, Dow 31vot 'IiO ha" 43=1dned into dept '"aidity or a $"POW mad AnUsliation Note, lW, of the. Tom at tth ldo itt th1► COUDg or 4nfi'olk, Stater of lir Yom, dated Amt t, 19%s or the, drO nami aati.tn of $451WO, mabeve 1. bearing ty hundveftm POT e (a.ry i per aftram, l.* at 1ft t7* and N*tUftng li ebmv y e, 1057,a W th Pr#Mv!'f14 n. t M901MAM. WO hltv* OXAMIrWd the ConotitUt on " Itta of the 4tato of Now York and oertif ed copy of 1� 4 or the Town ftwid or W4 Tam of Southold *the- ft a'sth rixin4 SM rela.t M to the lissuanoo of Mid DMA AnVLoilatisn Notes alp appr* d f'olm of said so" Ant edgation Note, In OW O .R.1.ons 861.4 $", 'Md Anticipation XMW, 1956, has been author*i. ,*sued In aOeo t with VO Comt1 tut ion #lead statuters of tka state sof MW Yak md 40nOt tuts s a tom" JLd wd legally binding Rertwral ob".i titin qm— er 44414 '!fin or $ODUWU, gal the taxable rpm, Proveamw W thin Wh1ob to sfajertet to the le W o! vrerllovea ton" to said tote tnter"t thervon, without jiad%t10 t as rata or sammt 'Ct'+a ry truly yours, LAW OFFICES WILLIAM WICKHAM MATTITUCK,LONG ISLAND NEW YORK MATT. 9-8331 �t ' Vandevjater, Sykes , Heckler Gal-loway 120 i3roadway New York 5, 11 . Y- Re : Towr) ofrk A4 I il,`iattl-tu(2:;� 'ark 'Distr Your file 342'7-3 Att : kir . Roswell C . Dikeman ,.)ear 1vir. TDikeinan: your lettc-,r c)," Ai.i.�7ust, 6th enclosing 1 - Thank you very much for t(-) the note . n w t h r e f e r e n c 6 the ap-provinc- o,)ini,,-) Commls-I at t it ack It has been the thouoht of the -j-,)ners of the nd 1 r2l ear p-tatarity. th .nk you a �,ar'k :District to have a tymntY "d appreciate also discussed that one daa on the tele.-)hone. �Ve -qv,,)u- Dective date it if recommenfor I sobedule al-id also a r-)ro s the issaanlce of ti.o bonds . Very co dIRily yours , V�j Vj d z � pawrnaVm•,.•-�.w 'u^fNYWxa!iij � � _. it'• _,_— �_ CIA August 16, 1956 Wil19i$ W101diare, gsQ. ld�attituoic, NOW York its S TOOM of Southold, New York Mattituok Park District our vile 5427-g bear lir. Wiakhan fhir will acknowledge receipt of your letter of August 14th. In connection with the maturities of the bonds, we suggest that the bonds be dated October l„ 19561, and mature $e,000 on October 1 in each of the yews 1957 to 1971, both inclusive, and 3 000 on October 1 in each of the years 19'72 to 19760 both � lusive. �f l It may be that the +foam Board will not desire to include any amount for principal in the budget to be adopted for 1957. If that be the a"*,# an alta, tine schedule is to be" the bonds dated October 1 1956, and mature $2,000 onApril 1 in I00,each of the years 195fi to 1972, both Inclusive, sued $3,000 on April 1 in each of the years 1973 to 1977,► both inclusive. At your convonience, please let us know whish of" the iso sahodules is pretermd by the Board. It sight be advisable to proceed with the sale of the bonds 96 time in September or October. With bort wishes$ Very truly your*, LAW OFFICES WILLIAM WICKHAM �Y MATTITUCK, LONG ISLAND NEW YORK MATT. 9-8331 September 12, 1956 Vandewater, Sykes, Heckler & Galloway, Esgs. 120 Braadway New York, N.Y. Re: Town of Sauthold, New York Mattituck Park District Your File 3427-S Att: Mr. Roswell C, Dikeman Dear Mr. Dikeman: This is in reference to your letter of August 16, 1956. I am sorry for the delay in answering your letter, but I had been under the impression that I had answered only to find out to the contrary today. We would prefer the first suggestion for the maturities of the bonds, namely that they mature $2, 000.00 on October 1 and each of the years 1957 to 1971, both inclusite, and $3, 000.00 on October 1 in each of the years 1972 to 1976, both inclusive. The amortization due in 1957 will be provided in the budget for that year. We also would appreciate your advice in market- ing the bonds at this time. Very cordially yours, WW,.rh September 1.3* 1956 William 'giakham, Esq.. Box ftttituak, Now York Res Town of 3ou►thold New Yovk Ha►ttituck Park Ustrict Our File 3497-3 Dear Mr. Wiokham z Thank you for your letter or September 12,# advising ups as to the maturities desired for the: bonds. Frankly, we find, it rather difficult to furnish advices as to the marketing of the bonds at this time. As you may harm heard, interest rates on mania:pal bunds, generally* have been on the increase. Furthermore# there is no Indication of any Improvement in the market in the foreseeable future,, Accordingly# the Torn Board is faced with a choice of sailing than bonds at this time for a relatively high interest rate, or gates► upon the possibility of an market at now Indeafinite future date* d there is no indication of any improvement in the mariat at the present time,, it would be our su ction that the Town proceed with a sales of the bonds. Mould you please advise us as to the Tcmn Board's decision. With berst.wisheas„ Very truly y'aurs, ROM LAW OFFICES WILLIAM WICKHAM MATTITUCK, LONG ISLAND NEW YORK MATT. 9-8331 September 20, 1956 Vandew ;ter, Sykes, Heckler & Galloway, Esqs. 120 Broadway Re: Town of Southold, New York New York -), N.Y. Mattituck Park District Your File 3427-5 Att: Mr. Roswell C. Dikeman Dear Mr. Dikeman: Thank you very much for your letter of September 13. I have talked to the Supervisor and the Chairman of the Board of Commissioners of the Mattituck Park District, and it is their opinion that we should proceed at this time with the sale of the bonds. I hope to be away next week, but shall be back at the office on October 1. If, however, there is any information you require, -please do not hesitate to ask for it since my office will take care of the correspondence. Very c rdially yours, WW: rh ' September at 1"6 Willim 1dlokhsn# Xsq. Box 96 Iftttitooks Now Ywk Dere TOM of SoUthold Now York 8"r 5*0130 fttt1twok ParkDistriot ial) std l Ow file 2' Dar NAP. ' ekhom,i ink YOU tar row letter of S eptemiker 90, We aft *n4100306 hh ereWith the t"olloWing 1„ F91 a1 bW4 MoOlUtion using the details Md asthoriX the sal* of the booft,I 2 Notloo or sale I I,P CortIt asatter apppow1wo bond forms, with toft attate l; ani * Dot statement 9vm f Pl*s" arta that the *ndlos eed bond resolution In adapted by at le"t, a too4h " vote of the *nt t "Ung stnogth o!' the TOM Board* relation to the oompl*tion of the onolos*d debt statement rwm voklob sh*tald be prepared as of a a'UVMt date SLOW swath 4*bt s t+rewmt ttnttet� lire 44, as or a dater not �t ;A*; thirty Pr the b salewe� � wish to tie the tollte�r�eg 106 doh ;pip in the deebt statement ps*p as of d stet l in b� t tl With the Looms" of the bond ant�pat notes 1t computation of average Tull valuation (paw 1),* in the arelMA, h�64*d " pisval War s 4 list the leave1"6# 19"# 1+"4# 1"3 &tad 1 . The asso,ssoed veiv*t on to bie for the .real Year *"I" W should be tbo Assessed +e ,irwatA nn Or ramble property as shim UPM the str i t moll ompl*ted in IM and used for the levy of t S*$ f0io thet 9!`isoWal W« 300 ss+d� Sontastae off' #no tion nwbe on the r eevteer"m"s o of the rev sheet ot the d*bt statemout fopaq ) I)o not wo the assessed, valuation show Wpm theassteesaee"t. voll Just oaeeq►l et*40 Medd will to used for the levy of tMos for the fisoal b*gi lag inM► I# 195y, � *Wrest sasosomeent poll ttur F taa►t0 mea Since a stat* equalization Vote tuna not its Yet been established for Sub *oIa. r Willias n Viekbomp Req. ." 9 «. pteaa" pl, 1+90 YA the debit statostont prra pored 44 of Auduet 1 YM have added to the eoltsam ontitled *Assossod Vallation ;f vexabls A tl Satate" th* w tst in nt�is "ffialpltlud:txs �t , 'MIM an seen hat pusaa M. as ho aawaM ZJAj of this paa'rent Ifttl041 retearon", In mm *"At YOU should ago no ehWW in tho hadIM of this as Olaeatn OVA shftld shOW In +Mush solawaaarin that amounts as indieated in imtrustim 4# ro irmd to abovo o p, mmoluslons (paatde p . The debt etateae n props ood as aAVMt 1 a�harrawas total Ino taasioarawt Of ,0�aa apparently rep osented by �1Y higttwaaatyr bonds � X000 WO� t not** ,►OW parte k t tetas ut bome m aataaa #OW lUbo s to bland ftra bonds, It is riot b6dessary to broak those itaaam dawn# aAnd ei se t hey'' all +mast ,borro►re:4aaide thwM total t"Mot arm" should siaat be entered opposite ltea 1tialt.'" Sinso this park district and text' dislatrist am not district +eat t ens the indebt�es **Id Mno" by bomb i,sswd $moobdistsrie4 should not be onto tdd opposite item T of this haasdiara$, but should bo Iftsludsd in the total shat gVosIts iters 1, *furl w w" fusions (paste �, Thi debt state�waut paaawst as of A t end afar ears 1 #.dne. x+a>+atiareat► 1t t0000 bus araoft issasae+d tar lie► warlax`600 is et 11 aaulttstaaa!tdi05# that amount ropres"todrush rate ash bpi e►lrrlawd as an exclusion puasMasmat to s ierision I*& of motion 136*00 of tho L"Al Lair, Th* dMbt statement toyr m does not make provision for such an embolon# so it will be ado essw for You to t ypo In a now lt4w Uhir�ttt ewM et be iaMa rled i,t.� 1-a,, �t Notw Thi ; of Ovih an exelusion would or OOUMS "Quin as► ftemoutAtIon of thaw iterate appow4m at tho ta of pap 2 tamp WSW— a the S "To' al Not Ind�ltb s*#w Ntoit Debt4ontraotift y$ln#w 0 " roontaa of daltbt►•eontraststiar poll ftt • As soa'ataPt ally poseiblom you should tendsh us with the foll"InSt 1 Co r►t3►a!to d copy of the enclosed bond as osolutian, e, In deplieates surd *"I** of tho onslosod, noti" of aMalej a;triolot4ea ++ept as to dato sand tim of "It t wA "to of datlit+aMry, 3, In duplisatoo emouttd somtQrparts of tho, onclosed oortitiala<aato apprp►rri bwA tom► with tom astttaohed. b,, In dyAplieataat f ex"uted a cumtorparts of thank debt statoment, sowlete rept as to dater of Salo on page 1. In duplioato# draft of roport of essential fasts, tollowrir4 the *Ml* rt opoaarrt onolos d ham wtith Ni11ia>s Wl*ktwua,# «► 3 210 1"() As iaaadieatod sbavo the debt statement (MA alsc, the report at e�a> "Stial fasts) should be prepared as of a aer rnt date, As seam As We rea I" all of the above 1tWw#t►'� a Will Oont at you by telephone to disem" the fixing of a date of saele wA the aaaothad of advertising the "Is It will 41160 be ne"smary to now* aaagsmente for the print or the boa"16 We ted is t that We be Aithcr ixod to a aai ge tOV such parInt:im an behalf v" 'ern With the Cheaaaad"I SIU* Note, COMP arW A Omm* work we have, teawend to be bath re"ea mble>w and very satiatrmstory* We etet1mt* that the east of bond printing will be about 4110* lleasse amfirs our authority to arrange for such Prtntus s With best wlshesr very truly yam RM , k P*S, xe Same happy to report that the tOM QS the market h" UMvovw4 since we east* to you last w to think+k that the decision of the TWA Bftft to prey ed With a Saler of the boa" ib met appropriate. 'V'* S, H. a At a meeting of the Town Burd of the Tom of Southold, folk qty, Now Yo rk# hold at In said TOM# on the day of 19%. at ***look .,..,No* Xoa Time, The meeting seas culled to order by and the roll being called, there were roll 11M let A�i"Pt The follo" r+osolutYon vas offered by mAmed its adoption, seconded ............IrMMIIUgwII1i1.1ItIl1 W1Y ... to-wit t WAMMAS# the Town Board of the Town of Southold* Suffolk County* New York,, by a bend resolution dated June ld, 19%# authorised the issuance of $45,000 serial bonds fuer the acquisition of certain real property in and for .the Mattituck Park District in said TOWAI and Mi'WMA , it is noir► desired to provide far the details a?sd authorl" the "1e of such bonds and to provide for other matters in conneetion thereerithi VOW0 '!MMUORR, MR IT USOLVID, by the Tim Board of the TOM of Southold$ Suffolk County* Now York, as follows Mee tion .« The serial bests described in the proambles bev eeef shall each be deli aced substantially !Uf►TTI'T 'l PARK BISTRIdT (MMIAL) 9Mg 196, Shaul be dated October Is 19',x►, of the denomination. of 0*00o each, amober" from l to 45, both Inclusive, maturing in noerlea1 order in the int of $2,000 on October 1 in each of the arrears IM to I'91lo both luslbsiwr, and 43,004 to October 1 in each of the gars 19T2 to 1W6# beth 1n elusive p and shall boar interest at a rage not r --e-04106 f vo peer oentmm per annum, payable iosod-ennually an April 1 and October 1 Such bowie shall be In bearer coupon, form with the privIle" of .. 2 . oonkrsionn into bonds registered as to bath principal and interest„ and shall be payable as to bath Principal and interest in lowul merry of the VAitod States of America at in INV+ ILII/ wnMllrrPllullrgrMorI1iM.w.��r+1r11t1/M�I�Iwrlliw �I�Iliiw rrrrrAlI1A11� .. ys which by contract is the payina agent of the issuer, Such 'bends shall be signed in the name of bald To+ m of Southold by its Supervisors "aled with its earperate seal,v attested by its Tma d,lerk, and the interest coupons shall bow the facsisi,lo signatwo of said Supervisor, M11jon2s All other matters, exeopt 'aa provided herein relating to such bonds, shall be deteralmed by the Supervisor of said Tom of Southold* Such bonds shall contain ambstantially the recital of validity clause pr*Wlftd for in Section 52.00 of the XA"l VIM=* iaaw md shall oth mU* be in such tam and contain such rsoitalss in addition to these r+*d"d by Section 51.0 of the Loa" f ante Laws ss the S%WXVisoV shall determine. &J.11 a► 3* It is hereby deteaUined that subditisien Sl of paragraph a of Section 11,00 of the fraeal fie low apppl es to such object or purpose and that the period of prrobable u"falsesa thopeof is thirty Yom** computod from August is 1"6* the date of the earliest bond antle pation nate issued In anticipation of the sale of such bonds. UOU" The faith and credit of than TOM of Southolds Suffolk COUAtys her 'fork., are hereby irMlrocably pled`ed for the payment of said bands and the interest thereon. To ped► said bongs and the interest therms there shall ally be levied and assessed against t the table real" pr"perty of said ftvk Districts and collected in that sass ter, at the sass time, and by the same orf fieors ,es the tans or said Ron awe legs ass*ssed and eollotods an aunt sufficient to pay such principal and interest as the same vospoetiwely became dim and p le* but if not paid f om such saue►ce„ all the taxable real property within the Tom will be subject to the levy of ad ogees tam* to pay said bonds and interest thereon without limitation as to vote or Wit. bilks.U The POMM am duties of advertising such boaft t+ sallies sondMStIng the sake and au ing- the bonds# avo hereby delegated to the Who sha11 advise such bonds for sale, conduct the l=ed aeard the bests in such xammor as he shall dAMR best tM the r ' 1 3 .w latus of said Town oaf Southeldo VMT1"dv homovor, that in the, ea se of these deleSated powm r he shall compl ► f>ally with the prowlsions of the Latmal Yinsm* Law and any order or rule of the State Com pt"ller applie Ole to the "Is of municipal kends. Mw, at Oeipt of the , etrviser or said Twn of Southold shall be a ran wittsm* to the purchaser or mush boade„ aho shall notbit obliged to No is the applisation of the purchase n' S This resolution shall tart West �iatel�r« The onsttvn of the adoption of the to resoing resolution was duly put to a rete an roll salt, iddo h. resulted as folleaus t VOTI ......,.....,. iiowe YOTM v '!'m Min MI ....r....... The resolution me upon dealared duly adopted. er � * N ear �► STA" IW MW SS# CoMf W SLK 20 the undevslaned Clerk or the TOM of Scuthold, Outtolk 00matys New York* DO S6SSSY CXRTIM 'haat I have o mipared the amwmd exert of the aimter of tate etixt of the Tom m of said Tem* Uwluduw the resolutieon, seanta3a�red therela # hold an the ...w....,.w.,. of ♦ 19%,* with the erISInal thearret an file in my effloo and that the same is a tarat and oe ret transoript aid of the wholes of said or3giml so far as the saw► relates to the sab feet matters matin referred to. I IVRT2= CXRTIIPY that all #tllaa"re of said Boaft had elite Aotl" or "Id meeting. in hr'fum 1tamm, Z have hereunto set m` hand &M affissd the seal or raid ROIVA this day of ES A lim VIM TM W sormimo SWVOLC COMO mwrzrwA PA vn"=T (MMML) s 1"6 N = or dm 2" 4 pw+ ►l#w #�It1'! d ! l�Mrt td` thrtld �IiIIpiIM "�L� at tho ftm of 10tt IA* SoMak OWAUWs OW VWk +at In 84" TOM* at �' . , ,. , ' 1"6* at wish tim tad ou tho *I& Will bo ids for tho porshow at w 1w thm pw "a aw"d last ot fo,0000 mtutwk ftft Ustriet ( 1 ) Dow%* l at said ftws s` the is I I l dt Upow MON dated +Qstobw 1# * am wturl1 42*00 4ft ftUb r 1 In at thaw y"m mm to IM both smunivo# and 43* t* 1 In 060 Ot the Ism IWO to Iff6t Iwth :mut # bow Intwoot at a rate not ft" pow omtm porammo lwwab — dpi 1 And lbw 10 l l 'Leal amA lut"t of d boom pay"zo 1A laum smor ot t ;itod mtoo at l l" at 3 11,ole t m' b* WAjPUVW4rVAM l td► ftur 1itex" * and 11111 to the ft"t Iswtome 9vm as 2ow vpm tammbu Proper' In SWA ftook ButrIets but it not "M WMI-SWO&WOM an the t xIbu VII&I PSVPGVW WUWA tho Tom w1u to J"t to tom► IWW 4c at "Im" taws to PW as" *oft and 1ttborom ftt t .tateras to vatic mo Wit„ "0 lett ometitattes m a t the Tom to P24do it* t d Ott t1 the �wst " tkaiw p ' the bow* SrA tho ftbomt thmem and to t ONWAIM1 for om its M 1 for the ""t or WAsh ut1"t "d tto 1 t11 of ov boo&• so state uta ssm 1u p :1 li at it at tiro the t;�'1` 1.0 tiros twu to now the Ovd '841=8 Ow the oot sorvuMt +mom tka two am owss" Other 0-1-mmM* stwr a wdat tsm atm t aport ts!+m taw tit "" .. 2 r4eived and shall be applied for such Wises also that the basal offioer of the flown may be required to not apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Bach bid must be for all of said 05#000 bonds and state a side rate of interest therefor. "Mess all bids are, rejected, the award will be eaade to the bidder complying with the tereaa of sale and offering to purmhase said bonds at the lowest rate of interest not exceeding the rate above, specified, stated in a multiple of one-quarter or one-tenth of am per oentin per annuea, without reaferernoe to preeaium, provided, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premium,. The right is reserved to "J*ot any or all bids, and any bid not complying with this Notice of Salo will be rejected, aaoh bid must be enolosed In a sealed envelope addressed to the under- signed Supervisor, and should be marked on the outside "Proposal for Bonds" and must be accompanied with a certified or oash3er*s check drown upon an incorporated bank or trust company to the order of said Torn of Southold, New York, for #900 as a good faith deposit to secure the Town amain t any loss resulting freer, the failure of the bidder to comply with the term of his bid. No interest will be allowed on the aeeowt of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, inaluding among others„ the Town Law and the Local Finance Law,, for the acquisition of contain real property in and for the Flattituck Park .District in said Town of Southold. In the event that prior to the delivery of the bonds, the inocmrs received by private holders from bunds of the sae,re type and sheraater shall be tai able by the teems of any ftderaal incases tax law, they successful bidden may, at his election,, be relieved of his obligations under the contract to purchase the boards, and in such asses, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York, New York, or at such other planer as may be agreed with the purchaser about 19%, The approving opinion of Messrs. V'andswater, Slicers, Hookler b Galloway, New York, New York, will be -furnished without cost to the ,. 3 .. pufthaeser. Thera will also be furnished the usual alosind Oo r'tificeates, dated as of the date of "livery of and payawnt for the Moods, including a statement that these in no litigation pending or, to the 19"W -A— of the signere► thereof, threatened affecting the validity of the bon", The population of t as shown by the 1950 U.S. Ownsus is The Debt Stat4went to bre filed, pursuant to Section 109,00 of the Local Finance TAw# in connection with the sale of the bonds heroin descrlbedq prepared as of 1900 will show the avorege full valuation of r estate subject to taxation, by the Town to be Its debt limit to be *wi�rr�+minrmrrrrn�wgrr�ririrrrs.�wrw�w►p and Its total net Indebtednoss subjecttoIR he debt l xdt to be . The proceeds of such will be used to retire outstanding indebtedness of „fl evidenced by bond anticipation not**. Th* indebtednessoevidenced such bonds will not Increase such net indebtedness. A detailed report of essential faate will be finished to any interested bidder upon request. Datedc Now 'York STATS OF NEW YOM SSt Comm 4F SNMLK I, the undersigned Supervisor of the Town of Southold, Suffolk County, New York, pursuant to power vested in rm by resolution dated , 1956: preearibing the details and sale of *45,000 Nattituak Park District (Serial) Bonds, 1956, DO HUMBY AtFROVS the attached as the fors of the bands authorised thereby. WITNICSS my signature this day of . 19%. An *mouted counterpart of the foregoing certificate and attached bond fora Were filed With the ToWn Board of said TMn of &ahold, Suffolk County,, Now York, this , day of , 19%. UNITSO STATES OFF AMBRICA STATS OF NZW 'YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD MATTITUCK PARR DISTRICT (SXRIAL) , 1956 Na. $1,000 The Town of Southold, in the County of SUffoik, a WAeUipality of the State of New York, hereby so itself indebted and for value received promises to pay to the bearer of this bond, or, if 1t be registered, to the registered holder, on the lot day of October, 19.,# the OUR of QJM THOUSAND DOLLARS (41,004), and to pay Interest on such SUM at the rater of per centum j►) per annum, Semi-annually on the let days of April and October in each yew from the date of this band until it matures, upon presentation and surarender, as they ,severally mature, of the coupons therefor annexed hereto, or, if this bond be °registered, to the registered holder. Both principal of and interest on this bond will be paid in lawful money of they United Status of America at i in Now York. This bond may be converted into a registered booed in accordance with the provisions of the Laval Finance Lear. This band is one of an authorised issue, the aggregate principal amount of which is $45,000, the bands of which are of like date and tenor, 9X*eept as to mmbor and date of maturity, and are issued for the purpose Of paying part of the cost of the acquisition of certain real property in and for the ftttituck Park District in said Tbwm, pursuant to a "solution entitledx "BOND RSSOLUTON pATZD J= 12,► 19%. A RSSOLDTION AWHORIZINC TM3 ISISUAMM OF h15,000 SERIAL DONDS OF THR TOM OF SOWMLD* SUFFOLK COUNTY NNW Y TO PAY A PART OF T!jZ COST OF THB ACQMSITION & CERTAIN RBAL PROPSRTY Ili AND FOR TH& lrll►TTZZ''wa PARK DISTRICT IN SAAa�D TOwN.": duly adopted by the Town Board of such Tbwn of Southold on the 18th day Of JUnep 19.%# and pursuant to other proceedings of the Town Sward of such Town duly had and taken in all respects authorising the samee, including a further resolution dated 1956• providing for the details and was of such bonds. r .VSs The faith and credit or such Tovn of Southold* New York, ars hereby irrevocably pledged for the punctual payment of the principal of and interest on this bond "cording to its terms. It is hereby certified* "cited and declared that all acts* conditions and things required by the Constitution and statutes of the State of Now York to exist, to have happened and to have been performed precedent to and In the issuance of this band, exist, have happened and have been perroxmeed; and that the issue of bonds of which this is one # tgpther with all other indebtedness or such Towaof Southold is Within every debt and other limit proscribed by the Constitution and lams of the State of Now York. IN WITUSS WH91MOP, the Tom of Southold* Suffolk County* Now York, 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 the interest coupons hereto attached to be authenticated by the facsimile signature or its Supervisor, and this boned to be dated as of the 1st daft of October, 19%. TOWN OF SOUTHOLb, SUMLK COMM* NEW YOU BY ATTSSTt 3upervisor, [FORK OF CCCON) April on the lot day or October* 19 r„* the Town of Southold, in the County of Suffolk„ a municipality of the State of New York* will pay to the bearer neer sum of DOLLARS ¢� in lawrul money of the united States of America at In New York* being six montha* interest then due on Its MATTITUCK PARK DISTRICT (URIAL) BOND# 19%,v dated October 1, 19%# and bearing number , N _ 3 _ 99MMM121 2WRIOU I hereby certify that upon the presentation of the within bead with a written request by the holder thereof for its conversion into a band registered as to both principal and interest, I have this ebur out off and destroyed , coupons attached thereto, of the amount and valuer of Dollars ($ ) ea*h, being all the coupons for Interest on the within bond payable after the date of this eeertificate, and that the Interest at the rate and on the dates stated in the within bond and as was provided by the coupons, as well as the principal, is to be paid to the registered holder, his legal representatives, successors or transferees at the place stated in the within bond and as was stated in the coupons. This bond shall hereafter be trae,nsferable only upon presentation of the same with a written transfer of title. Such transfer shall be dated and signed by the registered holder, or ds legal reprersentatives,, and it shall be duly leI- or proved, or in the alternative the suture thereto shall be certified as to its Mmuineness by an officer of a bank or trust cow located and avthorizad to do business in this state. + .rnrrrrlrlr rrrm INlmrrrrrrr 1 �A 1 9rlrr 4 27/i IRI ON M V A♦iw rlMili\ilrlllrllil�lllr��r It is hereby certified that the within bond has been registered as follows Vie►.Autration Nems of As KIsjgMd Hold r see i November 7, 1956 Town of Southold, New York Mattituck Park District Our file 3427-5 Mr. Wickham called today and asked that we contact Governmental Statistical Corporation to handle the preparation of the report of essential facts and debt statement in connection with this issue . I called Jim LaCorte and asked him to get in touch directly with Mr. Wickham. R. C . D. pk LAW OFFICES WILLIAM WICKHAM 4jt�C MATTITUCK,LONG ISLAND 17 NEW YORK 1956 MATT. 9-8331 December 14 , 1956S CV644fy Vandewater, Sykes, Heckler 8-, Galloi,;ay, Esqs. 120 Broadway Nei,,! York 5,N- y- Re : Town of Southold, New York $45, 000 Mattituck, Park District ( Serial) Bonds, 1T956 Y!-)ur file 3L27-S Att : Mr, Roswell C. Dikeman Dear Mr. Dikeman: In accordance with the last Daragra-oh on the second Rage of your let't-r of Se--tember 21, 19"-(,, 1 <m enclosing the folloting: 1. Certified co-)y of bond resolution which took place on November 20, 1006. 2. In duplicate, signed conies of the notice of aale. Left in blank are the date and time of sale and dat'-e of delive-y as wellass certain informatiOn on the t."?Iird r)ap:e irhich I do not have. I assume that that has all been compiled by Mr. 1raCorte so that the data ma,y be inserted from his figures. 3. In duplicate, executed counternarts of certificate aporoving bond form with bond attached. As to items four -:nd five , I assume that Mr. LaCorte will ap-,ly them. I trust that you will find the enclosures in order. Very cordially yours, WW:rh encl. December 1$, 1956 BoxWilliam Wickham, Req. 96 Mattituck, New York Ret Town of Southold, Suffolk County New York 45,000 Hattituck Park District (Serial) Bonds, 1956 Our File 3427-8 Dear Mr. Wickhams Thank you for your letter of December 14th with enclosures which are in proper order. We have been in tough with Mr. LaCorte and understand that the Notice of Sale will be published in your local newspaper and that copies of a bid circular prepared by Governmental Statistical Corporation will be mailed in accordance with regulation XV111 of the State Comptroller. We have furnished Mr. LaCorte with one copy of the bored form forwarded with your letter, so that he may proceed with the ordering of the bonds. Mr. LaCorte also indicated that he would furnish us with the necessary information to complete the copies of the Notice of Sale forwarded with your letter.. since he had been in touch with you, regarding the date and time of sale. As soon as we have been advised that a sale date has been fixed, we will forward you a farm of Certificate of Award, together with Instructions for conducting rhe sale. In due course, we will look forward to receiving the following items from you s 1) Printer's affidavit of publication of the Notice of Sale in your local newspaper; 2) Letter from the Town Clerk acknowledging receipt rf and filing of a copy of the debt statement in his office as of a date not more than fifteen nor less than three days prior to the date of sale; and 3) Rxecuted counterpart of the Supplemental General. Certificate, enclosed herewith (this item should be executed as of a date subsequent to Sanuary 10 1957). With best wishes and Season's greetings, yer•� truly yours, rCD,/�ta w enclosure Cas Mr. J. LaCorte Governmental Statistical Corp. RIPPIUM 'TAL REM 2.XAIIM44W SUMLK Southold,, Suffolk County# January 57 January 1, 57 Jaxxuary 10, 1957 57 rMgrYYwl�r/Y�/I Ilr�rl Y111 Mr1Y11�IMi A Y December 18, 1956 Mr. Jame La Corte Governmental Statistical Corporation 79 Wall Street New York City, New Mork Res 'Town of outhold# New York $45so4© Hattituak Park District (Serial) Bonds, 1956 Our File 3427-5 Dear Jim s We are enclosing herewith copy of a self-explanatory letter to Mr. Wickham, together with a copy of the bond form for your use in arranging for the printing of the bonds. With best wishes and Seasonts greetings, Very truly yours, RCDjlta enclosures N► December 19, 1956 William Wickham,# Esq. Box 96 rAttituck, New York Re: flown of Southold, New York our File 3427-3 Dear Mr. Mickhams We have dust received word from Mr. LaCorte that the bond sale will be scheduled for January 8th at 2#00 o'clock P.M. Accordingly, we are enclosing herewith forms for a Certificate of ,Award to be executed by the Supervisor, together with instructions for conducting the bond sale. Promptly after the conclusion of the sale on January 8th, please furnish us with the following additional itemes 1) Sxecuted counterpart of the enclosed Certificate of Award= and 2) Certified copy of the bid submitted by the successful bidder. With best wishes, Very truly yours, RLQ/*Ita enclosures CER.nCATE QF AWARD STATE flF NEW YORK S3: COUNTY OF SUFFOLK I, NORMAN E. KLIPPs Supervisor of the Town of Southold, Suffolk County, New York, DO HERBY CBRTIFYt That pursuant to a resolution adopted by the Town Hoard of the Town of Southold on the 20th day of November.. 19561 1 duly advertised for sale $45,000 Naattituok Park District (Serial) Bonds, 1956, of said Town, to be dated October 1, 1956, in the Lung Island Traveler - Mattituck Watchman, a newspaper published in the 'down of Southold, Suffdk County, New 'Y'ork# on December 27, 1956: and circularized in accordance with the order of the State Comptroller relating to the sale of municipal bonds, sealed proposals to be received and considered by me at the Office of the Supervisor, in 41reenport, New York, in said Thorn, at 2#00 ocelock P.M., Eastern Standard Time, on the 8th day of January, 1957, and that pursuant to such notice of sale, the following bids were received for said bonds, to-grit t VAN Off` BIWXR RATE OF INTV*=T A&U T BO I FURTHER CERTIFY that the lowest rate of interest bid for said bonds, stated in a multiple of one-quarter or one-tenth of one per centum per annum, was per centum, and that the highest and best bid complying with the teras of sale at such lowest rate of interest was the bid of -._._. .�.�._..._........_ .._._ ,_, . , who offered to purchase said bonds at said rate of interest and to pay therefor par value, accrued interest and a premium of ; that I thereupon at said time accepted the bid of the said and awarded said $45,000 Mattituck Park District (Serial) Bonds, 1956, bearing Interest at the rate of per centum per annum, to the said at the price aforesaid. IN WITNESS MNE F, I have hereunto officially not any hand and the seal of said Tom this . day of January, 1957. upery sor (3 A L) V�� v .i 1956 neonW"r 19 19% 1.1v ATER,sms,Rum& Minim Wickhan, Esq. YAia )Road Nattituok, L. I. N. Y. Ref 1ktti M" si'l'k Moog}��gt= :.K. - ■ ■ � +���� Tirwii. hear lit'. Wickbans Emolosed please find five debt statements,, wbich are to b signed by Mr. XIpp. )'lease have, then notoised as w31. After this has boon does, kindly return the original aid two carbon copies to our office, retaining one mrboa oepy for YOWtiles and deo for the files of the Town. Please have the Toon Clerk. forward Vandewater, Sykes, Sooklor S E leway, it brief letter stating that a copy of the, debt statement has been filed in the Sown reoords. We would also line to receive a copy of the letter whichwe are requesting the Clerk forward to then, We shall see to it that a o*W of the debt statement is filed with any.the State Ocuptrollerws Office In Alband thata, certified oar is sent to Wadewatsr, dykes, lower + Gallewayls office tepUor vith letter of proof of filing. We mould like the debt status returned to our office by 1/2/$79 as a debt statesout most .be filed art We thaft AS ser less Mao. 3 days before' the date of was, which in this suss is 1/S/5' Thanking yVu, we remain, very truly yours, GOVMW#UTAL STATISTICAL CORPMATION hues 11, I&COrte' Chief Analyst 1 . C.C. too Taodewal „ Sykes, Seokler SConaway ` S �,Lj/rw1 I Deowhes 209 1l�b Tmva w Ilattituck waw s. Y. Rot Tom or aotrtd��tattit Poutsietr► it t MI'► �.u11 Y� ,, �__.,.._ �ttlMptt free pleg" rijid offloi al Notloo of We is afts"Uon Ath the refer IgOae. 'Dotiar is to be looeN A►o'1 it1► YOM OAV"ftslft OOIVWW OR r*WIUYO 13/27/560/27/560 and you ars to ball the tl► no&" grad yaw ono and "W of a4"t#.davit of p,ebUft# ,oa tat Offloo or Trwn Aoutholdo L. 1.p fit. T, Algot puaso SMA ne a oopy of the aftidawit of p loertiou oNo to the follow # WMIM wlekbka, seq. Vedeftlo r;, moo. DoalrlAar & 0trl. ► Maio► D 120 growhor lirrttitaolt, L. . 11. 3. W" s so yo wed appreclAte roesiving a 3ettor frac you *tatif 'prat all. tiro aoties requesItrd above wl,17» be takoa. lbuidM 7"", 'we 1leat�r ly yews! OWNS tATIt8TATIMCAL CO RI" 101 Jew II. oto Met A243y" me. (1490. tat an** of Toter+► Mark ftr �i� i► a�iCl�w, �4,. LAW OFFICES WILLIAM WICKHAM MATTITUCK,LONG ISLAND NEW YORK t�E U01, MATT. 9-833( December 27, 1956 Rpm bLG � j 1 L Vandewater, Sykes, Hecl--,.l-�r & Gallol,,:ay, �sqq . 120 13roadvr,)y vPA%MK m $ C uo',. New York 5, N.Y. Re: Mattituck Park D AV-, : Mr. Roswell C . Dikem<-,,n Dear 1,1r. ')ilier-an: In accordance >,'ith the rec ue�-,t of Governmental Statistical Corporation, I am enclosing a letter of Ralph P. Booth, TOVTn Clerk of Southold Town, addressed to you, Pho7,,7inP.-, that a copy`` of the debt statement has been filed in the office of the Town Clerk. A copy of this letter, together with the original and two carbon co-oies of the debt statement , have been forwarded to LaCorte In accordance with his reruest. Very cordially yours , W%f: rh enc 1. 1 December 28, 1956 William Wickham, Bsq. Box 96 Mattituck, New York Re: Town of Southold, Now York Mattituc:k park District Our file 3427-3 Dear Mr. Wickham: Thank you for your letter of December 27 with enclosure. With best wishes for a Happy and Prosperous Nor: Year, Very truly yours, RCD/pk GOVERNMENTAL STATISTICAL CORPORATION �- 79 WALL STREET • NEW YORK 5, N. Y. BOWLING GREEN 9-0426 December 27, 1956 Vandewater,Sykes,Heekler Galloway 120 Broa&ray New York, New York Re: 5,000,Town of Southold, N.Y. Mattituck Park District Gentlemen: Enclosed please find affidavit of mailing together with copies of the official Notice of Sale and Report of Essential Economic and Fiscal Facts. The aforementioned enclosures are being forwarded to Norman E. Klipp, Supervisor, and ?•til)iam ?-Iickham,Esauire for their records. Very truly yours, GOVERNMENTAL STATISTICAL CORPORATION l 1 , Phyllis Nicholson GOVERNMENTAL STATISTICAL CORPORATION VU Dee mber Vp 1956 n" t M, Nk, A /taw Levitt, state comptroner Dept. of Audit & Control State offi.c Building Alb any "?,� M 1- York e: 1+5, Q4, Town of Southold, Now York k Didget, Dear irAevitts Enclosed plea" find two debt xtatwwts In conawtion wi' t the referenced Soma which is selling on January 8, 1957, Kindly keep the original for your files and return the carbon copy, when certified, to our office. ctr, check for Z1,50 is enclosed here,adth to take care of the certification f06- we would appreciate receiving three carbon copies of your letter of naknowledgeamt for various distribution. Thanking you, vol 'fiery truly ,yours, Ems* c.c. Norman B. XUpp.,Town Supervisor Villi= Wickbam,Require V ter,Sykes, kler & GallowV LAW OFFICES O WILLIAM WICKHAM ; A MATTITUCK,LONG ISLAND �1a7/ NEW YORK WAN MATT. 9-8331 January 24, 1957 Vandewa,t er, Sykes, Heckler & Galloway, Esq. 120 Broadway New York 5, New York Re : Town of Southold, New York T°attituck Park District Your file 34.27-S Att : 14r. Roswell `'. Dikema.n Dear 1•ir. Dikeman: In accordance with our telephone conversation yesterday and your letter of December 19, 1956, I am enclosing the following: 1. Executed counterpart of the Certificate of Award. 2. Certified copy of the bid submitted by the First National Bank of Southampton, the successful bidder. I am sorry, for the delay in forwarding the above to you but there was a little misunderstanding between the Supervisor' s office and me regarding delivery of the instruments to me. I had a phone call from iNIiss 14-icholson of the Governmental Statistical Corp, office this morning. She states that the bonds are being sent out. Un- doubtedly you are aware of this. I will arrange for a closing date and will advise both of you of that date. Very cordi, lly yours, WW:rh vi2 encl. January 25, 1957 William Wickham* Esq, Box 96 Mattituck, New York pot Town of Southold, New York $45,000 Mattituck Park District (Serial) Bonds, 1956 Our Pile now S-2846 Dear Mr. Vickhams Thank you for your letter o ' January 24th and its enclosures, We are enclosing herewith the following: 1. Preliminary opinion; 2. Signature certificate; 3. PeaeiPt, After the bonder have been received from the printer and have been fully executed and sealed with the corporate seal of the Town, you should contact the purchaser to arrange the closing date. Prior to the closing, the enclosed signature Certificate should be executed in triplicate by the same officers who aimed the bonds, Their signatures thereon must be guaranteed by an officer of a local bank. On the date arranged for delivery of the bonds against payment or the purchase price, the enclosed Receipt should be exeouted in triplicate, including the insertion of the amount of accrued interest payable, the actual date of delivery and the net total due the Town, Accrued interest should be computed from October 1, :1956 (the date of the bonds) to the date of actual delivery a": the rate of 3.50% per annum on a 360 day basis. Upon payment for the bands, including accrued interest, there should be delivered to the purchaser the followings 1. The executed bonds; 2, Executed counterpart of the Signature Certificate; 3. Executed counterpart of the Receipt; 4, Copies of our preliminary opinion. William Wickh ms Esq. - 2 - January 25, 1957 As soon as delivery has been completed, please furnish us with an executed counterpart of bath the :signature Certificate and Receipt, We will then be in a position to release our Final opinion, If the purchaser wishes our Final opinion to recite the examination of an executed bond (and we would prefer that it did), the purchaser should make arrangements to have executed bond numbered 1 made available to us for examination, If you have any questions regarding the procedure to be Followed, please do not hesitate to get in touch with us, With best wishes, Very truly yours, RCD/11 Enclosures P,S# We are also enclosing herewith Supplemental general Certificate, Please furnish us with an executed counterpart of such certificate in addition to the other items requested above, January 25, 1957 Town of Southold Suffolk County New Ycrk TOWN OF SOUTHOLD, SU"OLK COUNTY NEW YORK $45,000 MATTITUCK PARK DISTRICT IS01AL) BONDS, 1956 Dear Sirsa We have examined into the validity of an issue of $45,000 Mattituok Park District (Serial) Bonds, 1956, of the Town of Southold, in the County of Suffolk, State of New Ycrk, dated October 1, 1956s numbered from 1 to 45, both inclusive, of the denomination of $1,000 each, bearing interest at the rate of three and fifty hundredths per centum (3,50%) per annum, payable semi-annually April 1 and October 1, and maturing in numerical order in the amount of $2,000 on October 1 in each of the years 1957 to 1971, both inclusive, and $3,000 on October 1 in each of the years 1;72 to 1976, both inclusive. We have examined the Constitution and statutes of the State of New York and certified copy of proceedings of the Town Hoard of said Town of Southold, and other proofs authorizing and relating to the issuance of said bonds; also approved form of said bonds. It is our opinion that said $45,040 i4.attituck Park District (Serial) Bonds, 1956, have been authorized in accordance with the Constitution and statutes of the State of New York and that when said bonds shall have been duly executed, delivered to and paid .for by the purchaser at a price of not less than par and accrued interest, said bonds will constitute valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but If not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount, Very truly yours, LL Tri.,in &,:uthold, nuffolk County, New York., .3aid Town., 45,000 Mattituck Park D13trict (Serial) lrlbnds,19'56 1,000 October 1st 56 3.50 semi-annually April I October I Numbered from I to 45, both Inclusive, and maturing in niiiaerical order In the amount of $20000 on October I in each of the years 1957 to 1971, both Inclusive, and $3,000 on October I in each of` the years IM to 1976, both Inclusive. Its Supervisor xxx said Town Southold That the date of the Zir3t -,�',nd Anticipation Note Issued in anticipation of the sale of such bonds was August 2, 1956. 57 S11pervisor Tr>wn Clerk -------- &ip-ervlsor of the Town of Southold, Suffolk County, New York, First National Bank of Southampton, In Southampton, New York, 45,000 Mattituck Park District-- (Serial ) Bonds, 1956 or said Town, 1,000 October 1 56 3.50 seri-annually April I aryJ Octo"Jer 1. Numbered rroci I to 45, both Inclusive, and maturin;,, in numerical order In the amount of $2,000 on Oetober I in each of the years 1957 to 19-71, both inclusi,!e, and $3,000 on October 1 in each of the years 1972 to 1976* both inclusive. 45,000.00 0.00 October 1st, 57 900.00 April 1st 57 ------------- That the date of the first Bond Anticipation Note issued in anticipation o!* the sale of such bonds was August 2,, irl,156. Supervisor SUPPLEMENTAL OMMAL,CIMTInCATE BATH OF NEW YOIRK SS: COUNTY OF SU"OLK I 1, Ralph F, Booth, Town Clerk of the Town of Southold,, Suffolk Co�i.t.y., Nleu, York DO ITSR.'�Z( Cj.'RTTPYs That the na-l-es gal" th ! &,Apornzisor, of the Town Board and Town Clerk of said Town since January 1, 195T, and the times when their term� s of ot0fiae respectively expire aoe as fol lows& NAME TITLE Tam ExprM Supervisor J113"W"'Ice of th. 0 Peace Justice of the Peace j";'3t-Ice Of the Justice of the Pe ace Town Clerk TIT WITNSISS WHEREOPO I have hereunto officially set any hand and the corporate seal of said Town this day of 19157. Town M372 GOVERNMENTAL STATISTICAL CORPORATION 79 WALL STREET • NEW YORK 5, N. Y. BOWLING GREEN 9.0426 January 30, 1957 l� rI U VandewaterAM ,Sykes,Heckler & Galloway ' 120 Broadway �1fR& 'uOWAy New York, New York Re:$45,000, Town of Southold, New York Gentlemen: Enclosed please find specimen bond for the referenced issue together with copies of the debt service schedule. The aforementioned enclosures are also being forwarded to Mr. Ralph P. Booth, Town Clerk,, and William Wickham, Esquire, as well as the First National Bank of Greenport for their records. Very truly yours, _GOVERNMENTAL STATISTICAL CORPORATION Phyllis Nicholson LAW OFFICES O WILLIAM WICKHAM MATTITUCK,LONG ISLAND (3 �( 1357 NEW YORK x Jy� MATT. 9-8331 lown February 1, 19 J 7 Y,�j IAr Va.ndewater, Sykes, Heckler & Galloway, Esgs. 120 Broadway New York , N. Y. .Att : lfr. Roswell C. Dikema.n Dear 1,1r. Dikeman: In accordance with the request in your letter of January 25th, I am enclosing an executed counterpart of both the Signature Certificate and. Receipt. The bonds were delivered at the First National Bank of Southampton yesterday and the funds received. I talked to the cashier of the Bank relative to the final opinion. He is going to forward to you executed bond No. l for examination so that you may recite the examination. I want to thank you most heartily for your cooperation and promptness in getting out all the papers. I certainly am most aprreciative. If you will forward you bill, I shall see that it is promptly taken care of. Very cordially yours, U:TW:rh encl. February 5,► 195T William Wiekha av $sq. Boz 96 Matti tuck, New York Rea Town of Southold,, Suffolk County New York $450000 Mattituok Park District (Serial) Bonds„ i956 our File s-2846 Dear Mr. Wickham: Thank you for your letter of February lot with enclosures which are in proper order. We will hold this matter in abeyance until we receive executed bond numbered 1 from the First National Bank of Southampton. We will forward our bill after the release of our final opinion. With best wishes, Very truly yours, RCp/lta FIRST NATIONAL BANK o SO UT x � D W � McMeea C` [D[8YST[M[RVC y FEB 6 �_SOVJTAMN�S` Dt SOUTHAMPTON, NEW YOR�KK 1957 NOWAY Feb. 4, 1957 Vandewater, Sykes, Heckler & Galloway 120 Broadway New York 5, N.Y. Attention-Mr. Roswell C . Dikeman Re-Town of Southold, New York $45,000 Mattituck Park District(Serial) Bonds, 1956 Gentlemen: Since we desire to have your recite examination of Bond #1 in your final opinion of the above bonds we are enclosing herewith said bond #1 in the amount of $1000 for examination which please return to us together with final approving opinion when ready. Y urs very truly, Y7 mbr h NTalcolm B.► R ers encl.-reg. p Assistant C ' ier U lhtbrcaary 6, 1957 Mr. Malcolm B. Rogers Assistant Cashier ' The First rational Bank of Southampton Southampton, New York Re: Town of Southold, Now York H 5nds, 19%,000titumk Park District (Serial) Dear lir. Rogers t Thank you for your letter of February 4 enclosing executed bond numbered l of the above issue. We have examined such bond and are returning the earn herewith, together with signed copies of our approving opinion. With best wishes, Very truly yours$ RCD`pk Snolosures * a t Box William Wickham, Esq. 96 Mattituok, Now York T MttPAL7YPAY.MENTP6f 111W AT*TA10 TO��AV010 i ' 3 '� PDSTNIARI(oF. w�� z, DII41Y�RiN9 OFFIC>6 .-� t - �# ED il. SPS, I n.*r ' d $ 1 --------- P Yee $ $ec el' f own IIq$TI27CTIONB.-Show name address and nunsber.ot a Rel.receipt fee ar19 ticle below. Complete 'Instructions To Delrverrn� $ " 1' Xgnpl&yee" on other arch when applicable. Iwoixten RETURN TO t �t Nmrpedendsandsecureippattach'toback`ofarticle. En- Rest.defy fee$--------- f' I orae front of article RETU N RECEIPT RE12USST A, /// N I�lEOF SENDER/ ge $_ ❑ Airmail ISTERED NO. or f.� Postmaste By--- 001, CERTIFIED NO. STREE AND N0.OR ---- �l CITY.ZONE.ASID STATS ----- INSURED NO. ` ' 'T` _ - -- --- �J� (� ,00 Form 3811, pec.1955 d f 1� _� -r a— POD onn 38GG Sent. 1955 February 6, l"7 William Wickham, 8sq. 96 Mattituck, New York Res Town of Southold, Now York r000 ndsu� k district solr*ial) Bo our file S-i? Near lir. Wickham s We are enclosing herewith a copy of a self-explanatory letter to The Fivit National Hank of Southampton and a surd copy or our Final opinion. We are also enclosing herewith our bill for services in this matter, which we request You to present for audit and payment in due covroo. It has been a pleasure working with you in connection with this issue, With best wishes, Very tPuly yourt, ROD/jp►k Enclosures February 6, 1957 Town of Southold Suffolk County New York TOWN OF SOUTHOLD, SUFFOLK COMM NNW YORK 5,000 MATTIT-M-31 PARK DISTRICT (SERIAL) BOMB, 1956 Dear Sires We have examined into the validity of an issue of $45,000 Nattituck Park District (Serial) Bonds, 1956, of the Town of Southold, in the County of Suffolk, State of New York, dated October 1, 1956, of the denomination of $1,000 each, numbered from 1 to 45, both inclusive, bearing interest at the rate of three and fifty hundredths per centum M%0) per annum, payable J semi-annually April 1 and October 1, and maturing in nuimerieeal order in the amount of $3,000 on October 1 in each of the years _.' 1957 to 1971, both inclusive, and $3,000 on October 1 in each of the years 197$ to 1976, both inclusive. We have examined the Constitution and statutes of the State of New York and certified copy of proceedings of the Tom Bawd of said Town of Southold, and other proofs authorizing and relating to the issuance of said bonds; also, executed bond numbered 1 of said issue. In our opinion, said $45,000 Mattituck Park District (Serial) Bonds, 1956, have been authorized and issued in accordance with the Constitution and statutes of the State of New York and constitute valid and legally binding general obligations of said Town of Southold, Suffolk County, New pork, payable in the First instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and intertest thereon without limitation as to rate or amount. very truly yours, pk February 6, 1957 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NSW YORK to Vandewater, Sykes, Heckler & Oalloway, Dr. FOR professional services rendered relating to the issuance of $45,000 Fattituck Park District (Serial) Bonds: 1956, of the Town of Southold, Suffolk County, New York, dated October 1, 1956, and final opinion approving the legality of said issue of bonds, $260.00 STATK OF NSW YORK Sys COUNTY OF NSW YORK Charles S. Sykes, a member of the firm of Vandewater, Sykes, Heckler & Galloway, in said County, being duly sworn, deposes and says that the services ehiuVed in the above account have been rendered and that no part thereof has been paid or satisfied. Subscribed and sworn to before sae this 6th day of February, 1957 r✓ 5:,;;A,[GaEi -g SSaiT�'..;":'✓fAkis'.' rSta'+'"n Ue.'..,a,';kfkbi:�.o�tll,l,: ✓[fYA2'x�_--+.3tllA.n r�;[skri aSa.6ae iii7k%i�+.AYCAS _._.� alG1e;.idk%*aii"ma.dq >:6i2z'�r�OR- . R'Q.::.aa..v.:[fiskbzY{balsa.,:*.✓s'3f:i "t3l.a. ✓f[feA" .. 8l.ea ;:iL[!2ffi ,�— .-fafy the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in The County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer the sum of IST DAY OF tI a municipality of the State of New York,will pay to the bearer the sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS (,$17.50) OCTOBERSEVENTEEN AND 50/100 DOLLARS($17.60) APRIL in lawful money of the United States of America at the First National Bank of 1966 in lawful money of the United States of America at the First NatiorlAT Bank of 1966 ISI Greenport, in Greenport, New York, being six months' interest then due on.its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BONY�1g¢4�tla>�ki�October 1 1956, � MATTITUCK PARK DISTRICT(SERIAL)BONG l4(iba�al�October 1, 1956, f/►1 GG• and bearing number 0000 '%z �j ��V/►►GG and'bearing number OO®O ry-+yl.�n- Gam•/ :: SUPERVISOR �• NO. 20 SUPERVISOR No. 19 �ra :.wM��JJinat?�Y:al...:";%eSeb:���aCsaa.'^,✓,kfsAa'Y,al.,..:.,..l.k[Yaals,: ;dks:,_..?iia `: ,[.Abi'.d aaa..;::,[.[a,.?n✓_'.�.. -.r.�asa i;rfkpy?.,oa..ry;-.:s,[,�•.✓..Aaaa ;:,isk8��".a:.... -'✓r2.kr,Y.gal.,;. .,k.eA".r'aaa :,..Ai,"v aa....;,';n[8,�.r'sSa the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE _- a municipality of the State of New York,will pay to the bearer the sum of I ST DAY OF a municipality of the State of New York,will pay to The bearer the sum of 1 ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17,50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United Stares of America at the First National Bank of 1965 in lawful money of The United States of America at the First National Bank of 1965 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then-due on its $17.50 sc MATTITUCK PARK DISTRICT(SERIAL)BOND, 1 October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND {� ,®T el�Odebar 1, 1956, C' r `arjd bearing number 0000 c ►`t F and bearing number O®®® SUPERVISOR No. 18 SUPERVISOR No. 17 W. M v,Skl 11!$aAnc; ,[.ia,�.P'faa.. 'AS[f„ ,Y..`'Soso\.:'�.[.E7,r'a✓.�aa IiAalw,.. .I.IR;?J'<aa..rv'..f..fe2Ytalai ';,[.kraY"1a.,, '..r:..2"v�,al..e ,.f[N�'."�Ya.a. ...bY,Y ski LL the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE I�' the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer the sum of IST DAY OF '" a municipality of the State of New York, will pay to the bearer the sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1964 in lawful money of The United States of America at the First National Bank of 1964 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND, a October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND rMit40cfeber 1, 1956, ' Z EC�� and bearing number OOOO r G and bearing number OO®�9 SUPERVISOR NO. 16 SUPERVISOR No. 15 TH ��-. ate' "d'.IfkA:?+'w'2aa.:9'•..^SSi/,"f. c>laaa. ;�.,gbA."�...''1aa i.. ';,[S./.,� aal.a...,:.i!.E%s�i,/.18a. '::..5[24YSa.w.,..'w[.[A.Y..Fa rSalwi r,i.ek a3... :i1[A.`�r^:iyl._ 2 the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE I a municipality of the State of New York, will pay to the bearer the sum of I ST DAY OFz, a municipality of the Slate of New York, will pay to the bearer The sum of 1 ST DAY of SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBERSEVENTEEN AND 50/100 DOLLARS($17.50) APRIL in lawful money of The United States of America at the First National Bank of 1963 in lawful money of the United Stares of America at the First National Bank of 1963 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BON flat4 October 1 1956, MATTITUCK PARK DISTRICT SERIAL 80” er 1 1956 c� and bearing number C G 1�i► bearing number 0000 0 � G SUPERVISOR No. 14 SUPERVISOR _ NO. 13 AnAR:Yliaa i✓f[.A2EYl3aa... ✓'a! I a� ';✓ - �r ILr aa., ,.[.RIM the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE 0 the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE $ a municipality of the State of New York, will pay To the bearer the sum of IST DAY OF � a municipality of The State of New York,will pay To The bearer the sum of 1ST DAY of SEVENTEEN AND 50/100 DOLLARS ($17.$0) OCTOBER SEVENTEEN AND 50/100 DOLLARS($17,50) APRIL in lawful moneyof the United States of America at the First National Bank of 1962 in lawful money of the United States of America at the First National Bank of 1962 Greenport, in Greenport, New York, being six months' interest then due on its $1 7.50 Greenport, in Greenport, New York, being six months` interest Then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BgNI,1 tOctaber 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND VOt toter 1, 1956, E and bearing number OOOO EGA and bearing number OO®(� i� r C'•/I r, . Cr'. 11 V C.� SUPERVISOR NO. 12 SUPERVISOR - NO. 11 [.�., f!i`4"!a'+"M.inla42w�'ial..:.'✓fAfi/,�`:`n.�'aalaa�.: [fialelh+_.-','`da.R`�.:�[.A3Y aAa.: [:.Arilir. tSl.... :S.Az ✓aa..w :d.eAY.:,S —,."-Sash : rfkN� ,/:w.. .::y e,I,d'ti/aaaa:. "[fk84:.'iY"iaa.� :'v...AtY...a@l.y::.:...[aou!':ia! .,..:2.Y.3a,...: �dkffi'YBfa the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE l a municipality of The State of New York,will pay to the bearer the sum of IST DAY OF a municipality of the Stare of New York,will pay to The bearer The sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17:50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1961 in lawful money of the United States of America at the First National Bank of Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' Interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND, 19J6-daM 1aOctober 1, 1956, " ' MATTITUCK PARK DISTRICT(SERIAL)80ft ctober 1, 1956, bearing number 0000 C, aO ging number ®OOO SU PERVISO No, 10 SUPERVISOR - NO. 9 -,-,��w,tnrasa'�v>;rl.;w.;rrraka�:e€to:au`.4 netsniax[Baa,c,..;riskbi�.�faul,>.>,nskswss:., rt[.krs�:.�faatatir ,arel�rsl - , z,.h ,<,aklx�.✓;as.,.w,,'�rsAsa�✓..aena. ::eak�v^aa i.�� r �k,w, ,, e,; the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE L the TOWN OF SOUTHOLD, in the County of Suffolk ON THE a municipality of the State of New York,will pay to the bearer.the sum of t ST DAY of a municipality of the State of New York,will pay to The bearer the sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBERSEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1960 in lawful money of the United States of America at the First National Bank of 1960 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months'interest than due on its $17.50 N MATTITUCK PARK DISTRICT(SERIAL)BONG, 1191J6 a> Octoberl, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND, 1p , rob 1' 1956, C1i►L`►As bearingnumber 0000 r �,�lJ� beari number 0 0 0 0 SUPERVISOR NQ. B o l_.� V SUPERVISOR - No. 7 (r'.ayiM�.'+:!.IlkB� rrdaaaa:i:.:'AJ(fE2s�t8Si4h^+ 7Lakn"�s..1=aaA...:';,..[2Y..,3Al.N::.•;,[Ss,Y,?�i--Sgl.. [.k2:Y.!38a.p::.;,[.Ak:�✓�a! 4.11' ralw� :i,[Skak�aa.l.,• [SAA:Y/fSaai` ,,:dba,:"lal.....:°:f[.kbeY'8@1..�:. ,[SSk,�.�_e"ca5. .�f[..azoao a..i.:,ia[fYd:"<.�;"0.1fa ISI The TOWN OF SOUTHOLD, in The County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of The State of New York,will pay to the bearer the sum of 1ST DAY OF a municipality of the State of New York, will pay to the bearer the sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United Stares of America at the First National Bank of 1959 in lawful money of The United States of America at the First National Bank of 1959 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND, 1956�1a Oetober 1, 1956, 1 MATTITUCK PARK DISTRICT(SERIAL)BOND, 1�95J�, t stoIt t, 1956, R a++ 1.. hearing number OOOO E G 1�` bearing number (1()O(@ v/'/i�rwm GO• S V n �/) ,e�vr_ �•V2� l J�J �i 6UPERVI60R No 6 SUPERVISOR NO. 5 A —, aka,1.✓fidks3�"�.al..e',HseSs�.ydas.a.'* .[51sa�,l:al�l�...,:.:.[A:Y.aal._.: ebb;".�.,rgal. . AJ[sk2z,�:nisaa6. >.;issAY::f rI The TOWN OF SOUTHOLD, in The County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk ON THE a municipality of the State of New York,will pay to the bearer the sum of 1ST DAY OFa municipality of the State of New York,will pay to the bearer the sum ofST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER ', SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1958 in lawful money of the United States of America at the First National Batik of 1958 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND,1956 October 1, 1954, MATTITUCK PARK DISTRICT(SERIAL)BOND,`1956, t tobier 1, 1956, bearing number /+ wi+d b¢arfn9 number OOo O �2 1...� SUPERVISOR ®000 Qy�jyyy4(yy1� `.�C SUPERVISOR � - N0. 3 �Ir✓.flllk:."'".>akan€i*rorifa.. +✓f[4kle:wrsSl4.ti' �,tl'ArT::a ':n!1b ✓u...2i.'.�/,"faA..,•/4ASE$ar'Faa.9. 'AfA2fYra.49g'7,ikSAXYSa -- fawns,✓. y ,r aa.15': fisa"z'<..x ',.E84w'?eaa..S':'.L.AI,zYd@lil.aA:..:7- .h,;,✓ _.,[FD"s^�Y'#Sitw. JiS.b"z5:.!S&f.a.. ✓,;�aA'S� L' the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE ly the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of The State of New York,will pay To The bearer the sum of 1ST DAY OF a municipality of the State of New York,will pay to the bearer The sum of IST DAY OF ASEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1957 in lawful money of the United States of America at the First National Bank of 1957 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then dire on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND,19$6 October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND,`19 t�ttaber 1, 1956, r+ t 8n� bearing number + r Watering number wi 0000 000n SUPERVISOR NO. 2 'I SUPERVISOR _ NO. 1 19/11J. �— �P�IH1rll irr., 11 111►•' ,��PPIIIrI 'i11411i' X1'111111. .o.,.. `�111111rV rJr ► iiiiF 111/1111/,�y 141 'i44rlrr// 11 Irl rr.. 111' 11 � � /1111 rh Irr • 1, ri M14 �f Il v i �<%:.'� ::\\\\\a\ ,rlv 9!` :r JIM1 �P''IA /•�'�<''.. �jy����=$piny hy'�y��� t1 v ���,•�`�\�r .� !j y A'4R��Y'J��� ' �� I �Il��:v\\�`� rr/%ii��l��li��11��i1411 111111�4� '��IV��:v:• •/,/0►►► Ir,� 1�41h1 rh11 1 �y vv�... / ► $ 1111/Il r n �u 11111 41 �� 11VAAvv,,. / r11;j1� 841,111111111 "r111N 11 gp10�� //rel4i�li1 4Va4r1111111111 ,, `n111111111�� 411141v� .�,�1,1•IIN,�� 1�1�1�11111111111 �I. �N,�IY�.. �I,L1�11�1�1111�'. ,iiil�i�il�'�111N1111�11�► �'�1l1111111444 "; vv X11 1111111111111��� .a... � �111111�Irlyllly Ilrrrlrrr v Al 1 1 111 11 I / /i v A 1Ih 141 111111 11 1►�// A •:i/Y�//►�►4-� r i i�jy�n �i 1i11'11A�, '���A����:` •:/�//Y"//► O Ia j Iilrj�lll (rlllll I AA�A��?� .// ► a 14 III 1 �1 VAA1�: ►► 111411 11 1 1 iVAA��:� �dEOi�!��;'I A�1�1�1�1��1111• . � I11�1��1�104411 �I�i4�� _ ...11 r % - _— „ILS•• fIIJs - IP�P1/r I / 111 �,1��NIIr 11 \\\l�ilill 111N1/1l� 11/1!Il,��f , %. 114111 11111/1/1/� y ___,\x:11111144 pilp►%• yhIVi11 ,....M , �1i4y1414 i �Ir IIIj� �� �\\�\�i�lll'11 X111111111, 1111111x144 e'r111 1111�,1 r. �1.. 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';;,fsa�k' riva.. ,,iL.[es..r..�.:as.rti.�:�reaeas?+ES•"asl� _iI the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE igr a municipality of the State of New York,will pay to the bearer,the sum of IST DAY OF a municipality of the State of New York,will pay To the beater the sum of IST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17150), QCTOBER `'I SEVENTEEN AND 50/100 DOLLARS($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1+976 in lawful money of the United States of America at the first Nat*4 Bank of 1976 Greenport, in Greenport, New York, being six months' trite st'ttion'due on its 17.50 Greenport, in Greenport, New York, being six months' inter T then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL) 0 d October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL S1�di1 October 1, 1956, and bearing number 0000 SII mac+ and bearing number 0000 �I� CC:�� suPERVIsoR NO. 40 suPERVISOR NO. 39 VF @Ch:';Loa=: .,r-aal....!'J7H[A's atrfid.h\.-✓�BSYk"'`�%'¢aa. -.'rssielF.:ata.h,::.'.,SzaIYiLL:.. !kseNk' rrctllllh:..riseY.' .iT:S! ri- M:?ZMSS.a,";�!fiiseRi:..r<'saall.� NisSz9"l: l "ia!\y� :. .:'.n2Y,aa.l.:;. ..zs�':a... ..s.r,:1✓✓"`<a... ....[.La"v/rtFa1 the TOWN OF SOUTHOLD, in The County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York, will pay to the bearer the sum Of 1ST DAY OF s' a municipality of The State of New York,will pay to the bearer The sum of LST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17;50) OCTOBER a SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the first National Sank of 1975 in lawful money of the United States of America at the First National Bank 0f 1975 Greenport, in Greenport, New York, being six months' interest then due On its $17.50 z Greenport, in Greenport, New York, being six months' int t t then due on its $17.50 e MATTITUCK PARK DISTRICT(SERIAL)80i10.,{4l Bd October 1, 1956, MATTITUCK PARK DISTRICT(SERIA )�QNpw1A5 d October 1, 1956, O G t (1 and bearing number 000 �(� r� �(.y 1 1'fa and bearing number 000 rr lrn GE•� VGn• SUPERVISOR NO. 38 SUPERVISOR No. 37 �� Sllh1,i�aSY'daa..a^'✓filte5:+.,> SLaa1.\a\✓,[Stt"�iLi..e dSS6e��SLa.O.e::�,S.aY.'i�r�.2tll.h ":,r,I/,i'�..isal.s the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE The TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer"the sum of t ST DAY OF a municipality of the State of New York,will pay to The bearer the sum of i ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17,$0) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.30) APRIL in lawful money of the United States of America at the First national Bank of 1974 in lawful money of the United States of America at the First National Bank of 1974 Greenport, in Greenport, New York, being six months' inter st then due on its $17.50 Greenport, in Greenport, New York, being six months' intVeit thea due on its $17.50 j MATTITUCK PARK DISTRICT(SERIAL)�0111� d October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)$Ot�►wla5�d October 1, 1956, (,� and bearing number0000 and bearing number 0000 ISUPERVISOR NO. 36 SUPERVISOR NO. 35 -_�_31�h ArinT; cv'•daa..±i.[L[ki e.;.atalv.� 1,[SLEe?1'?zia!_.. vr.Sd.�./.Saaay.::>7 P7T taa... '+:f[4.62'1.'l.�@a.p:;.:/.dJY,iYaS __1 Say. aLeWI!?S�'-'•.�aMIX,.."v!1[•EG..:: l§ h [, v v „+. I ;ANA .^.•..^ Yaat.w ;,C[a4Y al._.. :r....Ya.a.... , SS Ya_ i,eA�Y.,lta., t,[,eas:.,trS:alt Ir the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the Stere of New York,will pay to The bearer the sum of 1ST DAY OF a municipality of The State of New York, will pay To The bearer the sum of 1ST DAY of SEVENTEEN AND 50/100 DOLLARS ($iT.SO) OCTOBER N SEVENTEEN AND 50/100 DOLLARS($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1973 - in lawful money of the United States of America at The First National Bank of 1973 Greenport, in Greenport, New York, being six months' inter t then d on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL�fltl►1\B9J� d October 1, 1956, M, MATTITUCK PARK DISTRICT(SERIAL)B j,r1B5�'dtl October 1, 1956, and bearing number oOOO 11VV►► v and bearing number 0000 SUPERVISOR NO. 34 p'' SUPERVISOR No. 33 m ::'�,[.ealu,aa•... :rs.[Gi?�!1aa.e. -� LSi.\e. i .' \w<,: ,Y -./ rr—..Laarl.s[saa .lathe TOWN OF SOUTHOLD inthe County of ON THE a+ �a %`s1° riaa... .eL.[oraas.v. .,�ersw�`as..,. ;e..yr.as.w: sAev;a.... :,...:?✓ s.,. .;..[L:a;`. asd the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of The State of New York,will pay To the bearer the sum of t ST DAY OF a municipality of the State of New York,will pay to the bearer The sum of t ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER ) SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1972 in lawful money of the United States of America at the First National Rank of 1972 Greenport, in Greenport, New York, being six months' interpt Then due on its $17.50 Greenport, in Greenport, New York, being six months' ince then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL))LA j$XfLa bearing number �October 1, 956, w; MATTITUCK PARK DISTRICT(SERIAL $QN;0, Oc ober 1, 1956, 0oO® SII , 0000 P PE iSUPERVISOR No. 32 SUPERVISOR NO. 31 "^'AAlIAT.i±adv'�eaaih.=i:✓1k�'..yASNSh' [lt6s :esd'lZ:iM :'r'473aY=x`a@l.lk..'e[LBW' .�":al.. -ak.el. ✓;alt.. 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'..i.eS.Y..a@1....r%{eNYY✓:a..g ..e..6Y31.., u[LE6'Y Ag5 �r the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE i a municipality of the State of New York,will pay to the bearer the sum of 1 ST DAY OF O' a municipality of the Stete of New York,will pay To the bearer the sum of t ST DAY of SEVENTEEN AND 50/100 DOLLARS($17.50) OCTOBERSEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United Stares of America at the First National Bank of 1871 in lawful money of The United States of America at the First National Bank of 1971 Greenport, in Greenport, New York, being six months' interest than due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BON 19 October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)B ,1M October 1, 1956, C� and bearing numberOOOO and bearing number 0000 SUPERVISOR No. 30 SUPE VISOR No. 29 '� 4Y,V„�, ..:J'"•YY.' `\i:-l' s-'• 4 '.i' .'-,.,:�- -.�H. ..:. ,..,i'•..:.::,:. ,v,:.. ... ..w... ,.�,..,. ��.. 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";.S.bS\./.'.bl,,. ;.eSehiY..-@: the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer the sum of 1ST DAY OF a municipality of the State of New York,will pay To the bearer the sum of 1ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER a SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of zT 1970 Ali in lawful money of the United States of America at the First National Bank of 1970 Greenport, in Greenport, New York, being six months' interest Then due on its $17,50 Greenport, in Greenport, New York, being six months' interest then due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BONDS]�6f! d October 1, 1456, MATTITUCK PARK DISTRICT(SERIAL)BO fAS�tf October], 195b, psis C $Xvv bearing number rOJI�" and bearing number >r OOO® 1 000 SUPERVISOR - No. 28 SUPE VISOR - NO. 27 _� "yy'� W..::'�'Y ..•:.` .y ...:• h'.i /' ii 5.� v..;' '. irr.:"...:,.•. r--__ `iM "r^/ :: n.,, �. L!i`\ .3n91k4a�•�a!!.. .kL.Y,"sYLD99 �daTl3da.is. :.es,l.Y._aa...., .�SL%::::a'!"�al.... rf(SE6e:�./tANlt3.z....�.[ea�Y:a! �.� a,vv,.�.ffraNE:.�"d3.lR..✓Yt48k:�.ta@s1a:> •;LaB"'�/a¢aF..w:'':,.Sel;�,r,x;iaiAg ^',gSne'�T.ialt.. '.f..lYaa.i.. _;,[.kY,'�.r"Ral5 Ir, the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer the sum of 1 ST DAY OF a municipality of the State of New York, will pay to the bearer the sum of t ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17,50) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1969 in lawful money of the United States of America at the First National Bank of 1969 Greenport, in Greenport, New York, being six months' interest then.due on its $17.50 Greenport, in Greenport, New York, being six months' interest than due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BONG �r�1 d October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND^�T5 �October 1, 1956, G+' and bearing number Imo+ l and bearing number �'' g 0000 _ c0000 G"•,'' `• 'I d am• �'•�t� SUPERVISOR O No. 26 w SUPERVISOR NO. 25 C-) R!i`h\Y':�� sar'�.ta}....,grlreSn'�>.`.'�rlia'N9@f.\v:/.,SLlAl�'Qi�'3a1.�.::✓r Il5 -ti:.I I h..' i ,-.. 4' l!i "' i i r .,.Ltro.�.+.5rtaa �r Tial.\.,:✓,aLta:�.r.�3rl1l. 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":f{..SiYal.l... rdLYa"�.-�.aday L the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE „hi the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of The State of New York,will pay to the bearer the sum of 1ST DAY OF h a municipality of The State of New York,will pay to The bearer the sum of t ST DAY of SEVENTEEN AND 50/100 DOLLARS ($17.30) OCTOBER SEVENTEEN AND 50/100 DOLLARS ($17.50) - APRIL in lawful money of the United States of America at the First National,Bank of 1968 in lawful money of The United States of America at the First Notional Bank of 1968 Greenport, in Greenport, New York, being six months' interest then due on its S,17.50 Greenport, in Greenport, New York, being six months' interest than due on its $17.50 MATTITUCK PARK DISTRICT(SERIAL)BOND, 1 d October t, 1956, MATTITUCK PARK DISTRICT(SERIAL)BONDy�1 October t, 1956, C d bearing number 0(1(10 , [�!► d bearing number 0000 SUPERVISOR if No. 24 pI, SUPERVISOR NO. 23 1-11111—11-1: 111.+1: .o .rr ,roti_o•.. .81...„'✓fe5863�':'�iaALtllh!'%Wklb< alihR ..Il,Yaaa.le .[.3Y':�K.r'al.. JhSaB:' .�1rlLG�. _'�.rfSea” r:�:F:a - ]-&.�� ✓dtla9ic*"rYtal.R.�er5tS78 fi<lsl .,SL.1"s:.iG aa.lL ,�S.iGS .caail,J\, r the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE Li the TOWN OF SOUTHOLD, in the County of Suffolk, ON THE a municipality of the State of New York,will pay to the bearer the sum Of 1 ST DAY OF :ivl a municipality of the State of New York,will pay to the bearer the sum of t ST DAY OF SEVENTEEN AND 50/100 DOLLARS ($17.50) OCTOBER E SEVENTEEN AND 50/100 DOLLARS ($17.50) APRIL in lawful money of the United States of America at the First National Bank of 1967 in lawful money of the United States of America at the First National Bank of 1967, Greenport, in Greenport, New York, being six months' interest then due on its $17.50 Greenport, in Greenport, New York, being six months' interest then due On'its $1 7.50 i' MATTITUCK PARK DISTRICT(SERIAL)BOND October 1, 1956, MATTITUCK PARK DISTRICT(SERIAL)BOND4fOctober 1, 1936, /�� Snd bearing number f1 f�OO �' Q 11Ma and bearing number OI}"�Q(1 —45* lJ l Jrrrrl �- Gr'•/ 'd (J i 3 C� SUPERVISOR No, 22 SUPERVISOR No. 21 1i x'111 llll�). .... 1'�V1Nrl, .I ., 11•/ a1 •„- o'�C11'1rr, a\\`N�I�Iti� 11`1flf�lllf: 1111111 i elrlll/►%/%%., as a,111 ^P111/1h I `, /1111111N1�,r Ir�i�l��ii�� a all 1 IIIOr III r► 1 111 111111 - •\\\\\\`a �f��i��;'�:yy^�'r'��n,�y1,�t ; ;��5"rr'1� 'l�\�\1�` �ay�y\\�•1v"IY iJ yjv�Y�,�q'S :� ','ydq'�'�I��t �.K�E���\�e 1 r��i��IlilR� Ilrlrlll� lllflfllA d 1111�����'� 'rii��G%�Alr''n ��jll'l11 -r 11111111�� `11i1���w�� ragrr�4� 0%1,1111111111•`. -111111111111111 V�p�1a• rrrQr11�i4i 1,11111) , R111111h M111w •��\Z�ht1,n`, ��`d1111fi1i11�!. 1'1/1111/111rr41 rhl!Irl�I�is%is;,., . 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STATE OF NEW YORK COUNTY OF SUFFOLK x, =, 'OWN �FSOUTHOLD ► MATTITUCK PARK DISTRICT (SERIAL) BOND, 1956 F All The Town of Southold int C � uac the State of New York, hereby MAX _ X acknowledges itself indebt �' �bearer of this bond or, if it t¢�5 re be registered, to the reg' sum of % �� �"^��� � —✓ ��l `l _ ✓ //i .✓ � ��� h and to pay inter ;( i ,� �_ �� of such Town of three and fifty ��✓ ✓ � '� 956, and Pur- A annum, semi- ' Board of October in e ,�i�� ✓(" E t'f,' r. _ all respects (f yak �� ✓ ( ( I J � � x3'j311 until it mat � f - _ resolution sls?' r ' as they se A p 4s, the details ��� bE�,:° ., V S ✓/ i ✓i; ✓� < s �'i�%�; iannexed h ✓' l- ;✓ / C ; � .:. / /���F��, �t�. - ��� ' / ✓, �� A SAV - � �`-� registered<, Sand i this bon °, � outhold, z � '-�\� ������l� Er� � �' ss s > ��>> ✓� ;> >)� States ofs for the ' } � c nd interest Greenport, �✓� _ '%��{'�rs � ��, � � �- ,� A�.� �J� ) ✓A This bond ,�,✓,, J/,,e =4i•fit bond in accordal � � ✓ hAu� ✓ -_ % ' � 'f,'a;f 3 Ih ared that all <. Finance Law. the Constitu- Fork to exist, i f' This bond is on 1 gw r„✓ ✓ ang'Ta- bni performed pre- E ' a gregate principalu8 wb�c thr „,r �. ,+ - ���� �)of this bond, exist, bonds of which are of Tike d16 ti e far; - — = �tv, f�� � � en performed;and that } as to number and date of r ;ttf 'a3�0 '< ��� j �'�i ✓ this is one,together with a, for the purpose of paying part 61 the eo € nth” # such Town of Southold is acquisition of certain real property-in tt / other limit prescribed by the ) �"xwry 1 e'+�i Mattituck Park District in said Town, pursuit to '' �,� ° tit__ n"nd" s of the State of New York. c=, 6 resolution entitled: 'tI#r` s 'BOND RESOLUTION DATED]UNE 12, 1956. IN WITNESS WHEREOF, the Town of Southold, it=B A RESOLUTION AUTHORIZING THE ISSUANCE Suffolk County, New York, has caused this band ,fi fj OF $45,000 SERIAL BONDS OF THE TOWN OF to be signed by its Supervisor and its corporate SOUTHOLD, SUFFOLK COUNTY, NEW YORK seal to be hereunto affixed and attested by its Town ` TO PAY A PART OF THE COST OF THE AC- Clerk and the interest coupons hereto attached to v . ' QUISITION OF CERTAIN REAL PROPERTY IN be authenticated by the facsimile signature of its AND FOR THE MATTITUCK PARK DISTRICT IN Supervisor, and this bond to be dated as of the 1st -V .. _! ; SAID TOWN.", day of October, 1956. a ATTEST: TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK r•a r,6; 1j.IPYi fie' 7 �r ............... ✓�� ,� erg Town Clerk ,. �� ��� AS«� Supervisor �P'' '- i '% y�.a _ _ ,` •"�•�`��IF, � a j�. _ _ _✓ / -!.�. � ro `� Flo"�$8• �" ""ate` s,N �`'• ��b." •ia�fi IlQ jl�iidi; Mill: Will ll RUN R ii 'e S _;' �4 3r i "�sy�i 'av v' -F ��-�� vo!� -"+w.% 1 1� L•".. u�` IN MOM cy' 1U+ ° Q ® UpGA 3 11111llii, HOZzzz w � o b wap '`�' , �+ `.4O o � �s � � OWH H w Q H c+n xr OO p' O 1: . AQD ® � � A O w ZWw HD =. .� � � O ] a U � � _ ® �_ rWn A A v' 0 : a (7� CONVERSION CERTIFICATE 1Ph I hereby certify that upon the presentation of the within bond with a well as the principal, is to be paid to the registered holder, his legal !s written request by the holder thereof for its conversion into a bond representatives,successors or transferees at the place stated in the within is registered as to both principal and interest, I have this day cut off and bond and as was stated in the coupons. This bond shall hereafter be transferable only upon presentation of the same with a written transfer destroyed................coupons attached thereto,of the amount and value of of title.Such transfer shall be dated and signed by the registered holder, SEVENTEEN AND 50/100 DOLLARS ($17.50) or his legal representatives,and it shall be duly acknowledged or proved, each,being all the coupons for interest on the within bond payable after or in the alternative the signature thereto shall be certified as to its w the date of this certificate, and that the interest at the rate and on the genuineness by an officer of a bank or trust company located and author- dates stated in the within bond and as was provided by the coupons, as ized to do business in this state. ; A£� Dated: ........................................................................ 19......... ` Town Clerk REGISTRATION CERTIFICATE r It is hereby certified that the within bond has been registered ars follows: ;;:_ iN DATE OF REGISTRATION NAME OF REGISTERED BOLDER REGISTERED BY I ►�V � � ltd s s v— r�w b '� r"� .P� �•s. i - .... .e :Ac4m.. �. ����.,.e. ,�a..9a.'i a.�- -�>.:u._u_.a..�... �' �ti�A� .� .�s.~f..� Prepared by Government Statistical Corporation VICE SCHEDULE TOWN OF SOUTHOLD MATTITUCK PARK DISTRICT 45,000 . . . . . . o7- 7% 7% Bonds Dated:Oetober 1, 1956 Last Maturity:Oct.1,1976 Date of Sale:Jan.8,1957 Legal Opinion:Vandewater, Sykes,Heckler & Galloway Paying Agent:First National Bank of Greenport Fiscal Year Bonds Outstanding Principal lst Interest 2nd Interest Total Ending Beginning of Due Due Due Principal Dec. 31 _ Fiscal Year Oct. 1 April 1 Oct. 1 & Interest 1957 $45,000 12,000 1787.50 4787.50 43,575.00 1958 43,000 " 752.50 752.50 3,505,00 1959 41,000 " 717.50 717.50 3,435.00 1960 39,000 '+ 682.50 682.50 3;365.00 1961 37,000 " 647.50 647.50 3,295.00 1962 35,000 " 612.50 612.50 3,225.00 1963 33,000 " 577,50 577.50 3,155:00 1964 311000 " 542:50 542.50 3,085.00 1965 29,000 " 507.50 .507.50 3,015.00 1966 27,000 " 472.,50 472050 2,945.00 1967 259000 " 437.50 437.50 2,875.00 1968 23,000 " 402.50 402.50 2,805000 1969 21,000 " 367.50 367.50 21735.00 1970 199000 " 332 50 332.50 2,665.00 1971 171000 297:50 297.50 21595.00 1972 15,000 31000 262.50 262.50 32525.00 1973 121000 it 210.00 210.00 3,420.00 1974 91000 " 157.50 157.50 31315.00 1975 6,000 if 105.00 105.00 3,210:00 1976 3,000 " 52,50 52.50 3,105.00 145,000 n8,925.00 18,925.00 1,,621850.00 Prepared by Governmental Statistical Corporation DEBT SERVICE SCHEDULE TOWN OF SOUTHOLD MATTITUCK PARK DISTRICT 45,OOO . . . . . . . 3T% Bonds Dated:Oatober 1, 1956 Last Maturity:Oct.1,1976 Date of Sale:Jan.8,1957 Legal Opinion:Vandewater, Sykes,Heckler & Galloway Paying Agent:First National Bank of Greenport Fiscal Year Bonds Outstanding Principal lst Interest 2nd Interest Total Ending Beginning of Due Due Due Principal Dec. 31 Fiscal Year Oct. 1 April 1 Oct. 1 & Interest 1957 $45,000 X2,000 1787.50 6787.50 13075.00 1958 43,000 it 752.50 752.50 3,505.00 1959 41,000 " 717.50 717.50 3,435.00 1960 39,000 " 682.50 682.50 3,365.00 1961 37,000 " 647.50 647.50 3,295.00 1962 35,000 " 612.50 612.50 3,225.00 1963 331000 " 577.50 577.50 3,155.00 1964 31,000 " 542.50 542.50 31085.00 1965 29,000 " 507.50 507.50 3,015.00 1966 273000 " 472.50 472.50 21945.00 1967 25,000 " 437.50 437.50 2,875.00 1968 23,000 " 402.50 402.50 2,805.00 1969 21,000 " 367.50 367.50 2,735.00 1970 191000 " 332.50 332.50 2,665.00 1971 17,000 " 297.50 297.50 2,595.00 1972 15,000 3,000 262,50 262.50 3,525.00 1973 12,000 11 210.00 210.00 3,420.00 1974 91000 it 157,50 157.50 3,315.00 1975 6,000 it 105.00 105.00 3,210.00 1976 3,000 It 52.50 52.50 3,105.00 1,45,000 18,925.00 "8,925.00 162,850.00 Prepared by Governmental Statistical Corporation DEBT SERVICE SCHEDULE TOWN OF SOUTHOLD MATTITUCK PARK DISTRICT 45,000 . # . . . . . 3-2j-,% Bonds Dated:October 1, 1956 Last Mat3arity:Oct.1,1976 Date of Sale:Jan.8,1957 Legal Opinion:Vandewater, Sykes,Heckler & Galloway Paying Agent:First National Bank of Greenport Fiscal Year Bonds Outstanding Principal 1st Interest 2nd Interest Total Ending Beginning of Due Due Due Principal Dec. 31 Fiscal Year Oct. 1 April 1 Oct. 1 & Interest 1957 $45,000 12,000 X787.50 4787.50 13,575.00 1958 43,000 " 752.50 752.50 3,505.00 1959 41,000 " 717.50 717.50 3,435.00 1960 3%000 " 682.50 682.50 3,365.00 1961 372000 t1 647.50 647.50 31295.00 1962 35,000 " 612.50 612.50 31225.00 1963 339000 " 577.50 577.50 3,155.00 1964 31,000 " 542.50 542.50 31085.00 1965 29,000 " 507.50 507.50 3,015.00 1966 27,000 " 472.50 472.50 2,945.00 1967 25,000 " 437.50 437.50 2,875.00 1968 239000 " 402.50 402.50 2,805.00 1969 210000 " 367.50 367.50 2,735.00 1970 19,000 " 332.50 332.50 2,665.00 1971 170000 " 297.50 297.50 21595.00 1972 15,000 31000 262.50 262.50 3,525.00 1973 121000 " 210.00 210.00 31420.00 1974 99000 It 157.50 157.50 3,315.00 1975 6,000 " 105.00 105.00 31210.00 1976 3,000 it 52.50 52.50 31105.00 U5,000 18,925.00 18,925.00 1623*850.00 r GXXVIAL CERTIFICATE STATE OF NEW YORK SS.: COUNTY OF SUFFOLK 1 I, Ute$ P- BS?QTH ,Town Clerk of the town of Southold, Suffolk County, New York DO HEREBY CERTIFY AS FOLLOWS: 1: That the names of the Supervisor,members of the Town Board and Town Clerk of said Town since January 1 r 19561, M , and the times when their terms of office respectively expire are as follows: Term Expires: ?P_................................ Supervisor 12/3.�,��7...---.-----------------.----- heaer..-M-». -Albertson.............. Councilman XS/�11�3g.................... E. Perry Edwards Justice of 12/31f57 -- t e Peace Ri►lph...�. Tuthill..........................._I Justice o..'...-----.18/31, b9�..............--.... the Peace H.4n.ry...A.*....91ark...................................... Justice of. ...... /31/...5.7..........._...._.. the Peace 1> ....Xf....P.6mares: ........................... 'Tua ti*0 Of.._......18�1�1,/#.?. - the Peach Ra1Ph-P' -Booth _...-18�'�1 3 ...._..........._..._..........-- Town Clerk _ .. .. _ .................... two newspapers published in 2: That th�J said Town since January 1 19 56 has been as follows: $. 1.0.2m.4... M attitu.ck_.fat.elm4no....Amd........:_ M!_ o .................._....................................................................................................-• 3: That the time appointed for holding regular meetings of the Town Board since January 1, 1956, has been as follows: At... h.0.....a ...Sri"....Whe...3.uP!.ry1eQr....Q.n-...t .....(2)...jo�.....-.....-....- - -.................................................-....-...........................................-..............................................-........... -- 4: That the territorial limits of said Town are not coterminous with the territorial limits of any existing school district. IN WITNESS WHEREOF, I have hereunto officially set my hand and the corporate seal of said,Town this 2nd day Of August, 1956 - E 9 '' - S A L) -Town ulerK. r t At a "IMI Mootims of the " of fark Q1tmmissionl ps of Ahe iattitask mark lti t*lo t 14 WW 'TMA of &Mtholdp #I ttolk O ttutt • 11ow York, !mold at Mattt tucks In •atd Tom# on tho 36th day of Ifty WP56s at '4r30 o#*look Rog Sam"Jin 'lMyUght Saving Tboo US s ootift was ealtsd to order by NOV014 Rs Mae" Qhd the *011 bowea11e40 ltbare Wave POMM21 Rtt void 16 moovo, ,yokin lro *Axuxty SMA Robert 1►. Sorgifto Us followl" rosolutuft rata of sod bX 4TOhA 310 me"1tY,' .who b owom `"`Uff a*VUens, s000ndod bf Robert Lo RN bxrS to-wits JOSOU1110 DAM MY 25' 19!W, A Al"M t dMQRUINd TUS A04WI3=10 df `A= RR AW"ARY 2W AND "R TUM tk" dg PARK 4DIORIOT U UM IQ"L Olp SWUM SOMI ,QOPMUIMYORK AT A. 92 Xf XMToVW , by the Sea" of Fork dontttimstmors at the h fk,%I% k ftft Distsrist in t 'Tows of aontholdo Folk minty, xoo Y ► tr, as folums e "$JAM..I& ftrs'"Alk to the provisions of Rootiou 3 or Motor 9 at the torus of 194m, as Sumddtd, tom,. aatdvttaition of t foll6wift desovilood- prworty tor the Mott ttuak ftvk Disttriet In Tom of $ ttthold, ftffotk du ty, Slow York, is hereby suthert,Sod at a naafi ostinatcod soots UwIvAlng inoidoontel ompomsoo# of k6aftOiv Said property Is bonded sm4 dosorlbod as followas A "0 TRACT Oil yARM (W USID With Sho bstild , s andi ►o ►enta thoreong sit"te at gitUtuo c„ Ifat t,, Mof!"olk County, Slow-York* 'bo "*d end dtseasiUad s followa s Ass'nvis At Ott soner6 to xwwwnmt $ot at > tn'tto rsoati+aa+t at tbo V*UtU rlr stdo of Poco o Ro�rtrraat and t"rre #r1 side +eri' Stay Aw �ent►lt� tt�wtttn+�t+tt ot1 x+rsterltr side of Ott A►.� . So, � � QR* ��, feat, s e" era* o"rs, t o Aar u� curator "a at ftr$ "isio " Is gomoval. sosttb"sterl, iva" on *144 +sag= Mdh ratter mark of �ttoonio 'btafo 350 foot, mOVO or lo# j� to 1%" MMj fro #,r ' of gsg ptfI thonoo al said land now or foraor r oA' Rpt"Oy. R• f1° IV ►" W. toot It r ► s o no t at tko 4ASID of th ba c, to a 0.000Pt►tts NOWANNUt OR the 01011tthsarlf gas of ftoonso ftr owl ►aces, along the eontthitttrly side o f said +semidit � S rtaard twro oanrses ani dt,.�ttanaos,r ort folLowal C13 it! b 6 +p# N h♦ 1l.Jt. foot to a _ a# At (a) tt* 76 1 04 R. d91.0a foot to 1tho anilaoo of bogixtwt<ing, sold sours*$ and dlsta�ttss bolt oesa4;tsg to a ani ll" by Otto No tfan Wit►„ isrt tod anrrs►oyowr, 8rooWo rt, lall" Yorks � sxRR* 19�d+ VOGNMR with aid 'ALU vI&t• US1O "a into"O a to t�� qty la vd . Bat AVSMW# adjetont U sold ppmIoss„ to tkw stow WON thersot. Tomm with sit arioiso titto and Is ttarost salad to land b*Ww OrtLaW high vstap ;&ark md, und" tM wators of fteaft" say adjasin t to tbo p"Alseo bs"toe L 2bo t'fra 104" of lbs 20M of b"fteld+ tt*lk ds #*„ Now Yorkg is bo"'by "V st* to authorise the issuaws of . • **VSA , beads of ," d Tom pwm w 3ttt to th provisions of the Vital piUutat" .14W ter gap a part of tho ARXIMM ♦stiasttad "St at su" okJo rt or purposa. 'bks bolam" of neximm sslt#atrtal 0001i;t bob* ths aarwatw*t of UOW** sboll bo prov d d fvow a'ros!t alt "it tett Distriot to 1wt1 sovwiotod tbttt+"two 12211-ft IS A wart tied OfVT of tbU resolution sMIX b* Mod tit .tlss left °Mo trd su!`' said 'tom* jujus jig► ?his "solution $ball +kaki •ttoot Inwilatolye oao � a � �t► � �r �r * . STAM OF NEW YORK t 0010TY OF SUPPOLK# 2„ the undersigned Secre,tary of the, Board of Park Commissioners of the Mattituok Park District in the Town of Soutbaldp Suftblk 4ount yr Now York, DO HLRSBY CERTIFY t: That 1 have compared the :wmoxed extract of the minutes of the meeting of the Board of Park Commissioners of said Xattift*k Park Dietrich including the resolution contained. tbore11 held oia 'the 6th ;day of ;Mai,` 1968, wit7S the. original. thereof on fila In myr : office# mid that the. same is a tie and correct i raaserip* there- from from snd':of ,the whole of said original mo far as the aaoae"z�elate►s to the sub fect, matters therein referred .to. I FtJR`MR C RIMIFYthat ,all members of said Berard tad due not; cs of said meeting. 11 WI S WHZMT, I have hereunto' set my hand the day of moo. 1956 e2`e aryr r o. 0 e° oners t a, ANSUlar mooting, of the Toga. Board of� th* "fo n. of B arge°ldj, ,gu~!ilk County, Now Fork, hill at trse rt;,iso► said Tovh fit, l�tjh day of, Aie, 1956, at 1 Sa0 o f*look P Ii.. �:asti n Day— 1 g t =Ss wing T . Phi meeting.was oa�,�.ed to Ord 'by gupervl sor � X. Rupp s #,,. s rill beimg called, there were PR SBRx't 6 t ervioar; Normae E. ai.pP:; do: aiusan Lester No 411 e, ton f . z :tioejj R&IV4 W, ;i'uthill,: Henry A#,,C lark, Louis. M. sst aAd $,,.F+ ry Md*ards. AH6T s Mn4 ; Thi following .resolution was offered by :Usti ee Ralph W. l3, 11 1who moved i:ts '"adoption; s44on4id by Qoune ilman' 'Loster M. ,A Urt#on, to,41t t 30IAD IMWZ=69 DAM nu' luil9l3+ ,r k RIIJ14aB A Mfg TBE ISSUA OF . ' t ` SR 0dSUMIX d)rrrw PAY A Pf 4F T ..t348T aF 1'BE A0$t;I�►TTL4I RUL PROP TY is .FOR THE MA►TTIVdI PARR STRIts , l BID `i't3 WEN , a Board of; Park Commissioners of the ;Mattituck P rk, ►istrict in ,the T4Vh ,of Soutbold, Suffolk County Is w,York, fi d 11 Iadopted a "resolution on the 28th day of May, 1986, authorlsin 't i.Ra uisition .of certain real proporty, as therein dtaoribsd,. Im a�gid �9T said Park Pistriot, at ' a wmimum estimated cop�t, ilud3,ng In4d ntal, skpensos, off: X46,-444, which resolution roqueste this Tom AoarA` to, authorise the i suanse of $48,000 06r1u1 beads of � ownto eery a part of s aid:maximumestimated cost; NOW Imo,� f3E IT RMOUND by the ' 6,%n S@+ard o f the Tows of Southold, „ 8uf folk Now Yorks as followm t 1* P'ar the specific ,obleot or purpos°i of paying a part, of the cost of the asg4isi tion of the real property-"forrod to in the preambles hereof In and for the Mattituok, Park 'Disti'riet in tht Town of Southold,, Suffolk CouAtyy New York, tbere etre hereb authorized to be irssued , ,.45,000 serial bonds of said Town* The maestinatod cost of such specitis of jac or puripoa*, including inoidenital expenovs, is $48,0006 and the plan to the: us. maximum. ;'os#jmatid: eost is as to Llow I t a) By the issuond-4 and sale of $45,000 serial bonds of said Toni herein autbarisedj end b) Bg the expenditure of 419000 current funds of said Park District to be appropriated therefor. de . . it is hereby d®termix ed that the period of pro- b b1e :u edul nese of sA ob,jseet or purpose, ` purouant to 'su,W. Yi- a on, 01 of paragraph a of ''Section 114"00 of the Lineal; F'inanoe Law# imtb#:rty,years, and, that the maximam maturity of the bonds herein a►utbarized will exceed :fids; gears. 6e,+�.t1en 4The faith and' Bred t of the Town •of ,Boutbold du;`r u Co=t7, New Yorko..are hereby irrevoaabl7 p 3`ged for the pa t of said boxAs and. thwv°,Interest thereon. To pay said bonds Anti t interest thereon, here shall *nnually- btr leaied and isssieed against ,the taxable' real property of sa :d"Ilh c D str a#,, said olleated in the son* mongers at the sam o timop ' and 'bf thin same offiors as the taxes of said gown are levied-i'.'assotaod and. co. ed a� amount` sufriotent to pay such prinoipt And,,, + s# to the same reap•atsiveYy beeome- due: and payable,: but 'i"f not; paid ftom: 6u4h *our**, all the tairable real property within they Town will be subject to the '.le of ad valorow faces to pay said bods mad interest tttereon..-wi t�p#t Uri tation as to rano or 4mouat. 11 , r Subledt, to tabuspro vialong, of thoe U.,o" MASAW txwi the power to authorise the issuance of and o s bond anti- 61 ation no toil in an a pa't o °of the 14suanee arA - lo or - the serial. bonds here3n *atb6,3 xod# including renewals, of . %4h notes, is:hereby .delegated to the 64perwisorj the 'chief f 1so*l Q-f i#sr. guoh no tes shall be of such terms, form and contents, snd shall be sold in #suerRh, manner as may be prescribed by said superlisor, : ion s stent with the provisions of the Local Finance ;,Taw,'. 8ee11an 6M The validity of such bonds may bo--O#ohtosted only irk l if'• 1) Such bornls are aut=horized for an ab Joet or puarpo.ae t`or whish; the Town of Southold is not authiris#d' to expend money,. or 2) The pro vi sd ions of law .whi cdh should be complied wi th at the date. of .publication of this' resolution era not 10 substantial a' pliod with$ and an aation, suit or pro as+ ing oontiAtin,g such walidi r is cobimenoe4 within �. tw nty days after the data of ,such publication, '61, #iter b6pds :air ' Authorizot, In 4i6UtIdn of the provisions of the constitution. 001 ' "60olution, "r ah esCfeSt imata+i3a��1�, .x.be pubshad in 'full in the Long Islend TravoXer -► Uttituck liiic Mih* a howispaperr pil itched at Southold,, Town of Southold,, New. 'X'axk , and in the Suffolk T mae, published at t�re►�ipc��rt, `Toren of uiftold, .Neter, York, both papern having a general oir6,41ation wit Ihq Tovm" of Southold}. together with a no:tioe of the Torn. Clerk in eube: ati ►lly: form prcavidsd in Ssatan 81.'d4 of the Loom P144M AV, ".mss question 0 the adpptic of the Foregoing a eo .o,t�ion' was dUjT put to a -ante on roll call, whioh resulted is , fo.11ows t s No VOTING aces bmikaLOA ear X Albe�on ... VOTING. Yes: WA Tcxtb l Jus ti eE o e' peagreVOTINt Yes a. 4, Zile s' of 11ale Pe!L06 VOTING des .. , .:. .. ;n��Arr OIlipr11Yi11 M �/�M rel ■q�l lr1� lia 'ist Just as of the PeaUTINGE 3�sa &1 s . Cf • Peace VOTING The resolution was thereupon. dsalarod duly 'adoptod. No YORKS OF SU Y - !moi undersigned Tos►n Clark of the Town of Southold, gu.ffo Yorks. DO IMRM CERTIFY } That 1 have compared the annexed extract of the minutes of atm of the Town Board of said-Tom, nalu�E3ng the rssalu- to, aq* alzod therein, held on the '1.$th day of &no 1,956,E with Adie origi nal thereof on, f'1 U in my of floe: and thatthe asa* is a " d. ' ca,rreet tranicript therefrom and of the whale of said � a1 so far as the some relates to the sub. ®ot matters therein R CERTIFY that all 'members of said Board had due no- e0of said meat3.rg. IM WITNESS VHERMF, I have hereunto set my hand and affixed sual of aaid Town this 12 day of, Zme,.;19&6• To • New York, are hereby irrevocably pledged for the payment of said bonds and the interest thereon. To pay said bonds and the interest thereon, there rlhall annually be levied and assessed against the taxable real property of STATE OF NEVA YORK, � said Park District, and collected in the ss same manner, at .the same time, and COUNTY OF SUFFOLK, j by the same officers as the taxes of , said Town are levied, assessed and col- i lected, an amount sufficient to = /:.. C{ �� C` ,t;..... �`..'.. :e:t. . be Sworn, �. being duly Pay ,such principal and interest as the a .._....-- ------ is Printer and Publisher of the SU]i'I�`OLK same respectively become due and pay- Says that ._ able, but if not paid from such source, all the taxable real property within TIMES, a newspaper published at Greenport, in said county; the Town will besubject to the levy of-ad valorem taxes to pay said bonds and that the notice, of which the annexed is a printed copy, and interest thereon without limitation amount. as to rate or amount. j has been published in the said Suffolk Times once in each 1 Section 5. Subject to the provisions , - Week week, for ..............................•------ selk of the.Local Finance Law, the power � to authorize the issuance of and to successively commencing on the ............,....___ �_:,., ..r.�............. Ipation o the issuance and sale of the anticipation day of -- -- 19,..:._ ..... serial bonds here age i antioi= 4 ... lation of the provisions of authorized n vio_�y ...... r 3> Such bonds are authorized in vio- sti th f tution. > Sworn to before me this .....'`...... ...... Section 7. hich takes effect t in -full e immediately,. iatl ,. steahis resolution, l abe nd I day Of ... L --.----.- publihe Traveler - Mattituck Watchman, a ..........�Sr, .......... newspaper published at Southold,Town M- !of Southold, New York, and in The .....................STANLEY S. C... Suffolk Times, .published %t Greenport, r Not re-5532X,. 5t to folk......County "" Town of Southold, New 'York, both ' A co ,12-58264x0 Su#folk County 1�.y Commission Expires March $0, 1958 papers having a general circulation within the Town of Southold, ,together with a•notice of the Town Clerk in substantially the form provided in Sec- b."s tion 81.00 of the Local Finance Law. R1 ►4 ]aTM0111 IS EBY GI 1' •that' the, resolution _GM, � h� beenadoptsd the if Z) off. tY> New fork, ,off day, a une, 19'zkd tJae the apions gut zed phis 0)111 yk�e herder contested only if sGoh ttp- COUNTY OF SUFFOLK ligations were authorized for an obfect STATE OF NEW YORK ss. or purpose fibr which said Town is not authorized.to expend money,or, if the provisions, of law which 4bvuld have been complied with as of ibe date-of publication of„ notice' were not Frederick C. Hawkins, being duly sworn, says that substantially cdf e'd witli and an action, suit' er ptoceed contesting he is the owner and publisher of THE LONG ISLAND such validity is commgnced within twenty days alter the _ of publics- TRAVELER - MATTITUCK WATCHMAN, a public news- tion o'i this notice, or l& obligations paper printed at Southold, in Suffolk County; and that were authOMzed in 'V` l ition of the provisions ot..the C;oastitutton• the notice of which the annexed is a printed copy, has been Dated s401*ld, T§*'York, sg published in said Long Island Trove ler-Mattituck Watch- 1 to h P. Booth _ :. . ( 11 . Town ,Clerk man once each week for week . ... / B( TED'JUNE a success iveI commencing on the ........./ .................... Of Soulnell'sPapPublished at Southold, n s S uthol New York, �.......... 19........ Tow da of tiffolk and in The F' y J`' Times, published 't Green i Town .f Southold, Port, / Papers having ,a New York, both Within the T general circulation tct� C with own of Southold, ....................................: .......... ................................ a notice of the together_ substantial) Town Clerk in tion 81.00 of the form provided in Sec- Local Finance Law. rMIq - Gill UI 'sPo$ u's OAOq13 aura isaae pus `Poo 9'ca s a s1 p.1ai a'Im„ :56) stuleSd uxoar s? 4xam uaploD a'Im Sworn to before me this ......r ......... day of ,:pu?L1f lA AMI aa'I2Ttl a ,ut 1994n4,84s lsn4T.1lds ul s1 aou?noad s1 f - y� ti-�......... 19.....5: � :apeux xanau 4I�t?dS uo?'I�S&81 ielaa4e �...'. d�sago 04 uapplg sou 'slseg Tlla9411tu E 1110.x; P94'89-124,au sem usy¢„ :(97:LOS r 81xTmollO; 0tl4 s1 Il4Te�i PUS aouaT i u10.1;p,8aa aq(n 14 T 10 suO� sac �a as a J .�SPP'3 aa3l'sg da,8y�T Ag .,sam .(/�/L�. T -dixoe a'I4 C Sfax 1141tA, 10118aH P ............ . .. ......... ... ....... r aouala5„11x0.1;pue aTg?8 atl4 10 uolsaa� Notary Public sauleT SUIX atn. uxoa; sBuTpeaa ul'I4ao; i Sas eq III& suoT4e41tuTT Pus "'81 1,81444 i�-,8ux .xae,0 uoluluxop 110eT-p{ap.9,1111q A, 'ry d,8pun5 saaleaas aottal� tkpjsl.1llG 4 i peaa aq (4 uouuaq-ttosswi �4 ;o 4o M 3 , 1d�' �n 195. 17 �emmisswei flxpue: r�'� -gtts 94, sl „tao.1oa of UogV-&t WAT OAS 'ueyl SuiDnloul 'as.1aelun Al Si. i 1 waos NVUSINHO 'a.m4ns asau SaaA a'I4 u Veounouue aq Illm uot4eaA4o ;o sand pu's smun atn ;o suo 4eoorI '000'Gell dmsuxixoadde o4 `6661 ul palsanSnuuT 8.19en aux,8a8oad sssux 'Ions aouls 'P96ex; -X suazl413 Rlo;;nS 30 aaqumu 1,840 t a'I4 2ulaq 1111A 9114-m 'lac;;a sssul s?1I3 6 i 8ulanP pada.1-X aq II?M aaplo Pue a� ;o saea;f 91 slenpinTPul 000`01 03 asol 4,8113 a4euxT4sa `uol4sloossV sisolno.1aq 1 a'I4 ;o �Sae4aaaaS 'an?3noaxH '241,1Z tui 1I-II 'aya pue 'X1gr( H 10 -auolssluxuxoGi ,AjunoD 5jIoITns 'alraE 'r dTI?ud 'aa A .4ulo3 R3[30H pue u9pla5 ''Io,8aaa at-uap 314se7q 'Pao;pan 'u011eI5 110144 [? -;ar 410d 'uos.1a;;ar 4.103 s9'I3l.1OW .1a4 q'-uao'Psatlaani-a'ax�o'Ia4ed :sd1'Isumo LT, pearl.1an?'�i pus uanetlslooag UT sa 'a d -TlA OT aaeoa o4 algal?sne aq III& lu L -4aedaQ 7441e0H 04s4g ati4 ;o s4Tun Ssx -X allgoiu ox,,L 's&aeans 6e.1-X 4sa'I0k ,s Goal. 94lununuoo ;o saTaas a alglssod, ��.:, m 9utleaad000 0.1e aa4ITUTMOD OP ThF4I �p 1 l,tlxe ."UMOVOIKIM11 Superyloop of tho Town of U440`14- *4i *1k DO I SY-:C�1C TYY z a P t ►1 New Xora* *4optb6 op the ..., 4 TaoxW mm ieipot o tos oa said Town in its at 0100 for PDX art Ot thi ad' N't of tho aaQu, n:'-of. certain fi fty in: 4236 for tbo ftttituok Park Diatriat Vin`. 6014 t.Town � AVT'bOfu4..t it : a Of a band autial" stip Asto Of gold pAlr. t ix the Vimi$ml artaount of. 645#000. SktOh Zwte ` ahaI1 be,,dated u t' 2W, 456, $hall be farad: 1 SbAl baa 1 t# At 4,411. r6t* of ttrp OW fifty bundredths."JoOr 001tum OJIMUK wr` + t a it air ii„ ► "` ,�1' ,� #� ',fro - ti : re:ryd,, ren bot,: ppLu61pol of anti izitarost r44, u4h11ho u a p ► +�i .s 'i iwf l ora the 'Unitod''S t*t�r at' " i ie��► ..4 k "art ' a a �, iaan ,r # Zo- ' T3� : apao,�.tio, a�j4ot or parpose: f"a�* rr�iia�i said 'n+et0 :i�r t�x►wr r"64, to be '1.a x-ued is, t4 pad' Part at -ttber bast. 'ox' 't betoisit3a 00ro Vogl prov*rty in a w Ir ► titu+�l� € kr 1�i to l ` : � paraiflo rsfwparko is horeby aads,'"to ; tom r0aulutton au itori .M tha t; ire rn i�ipat1.0n cit vhidb 81444 -40 to ii good: %a be,, ed, ads rt'eoiut ton b4'1, ant 1*4 *A rollowit4 k�r� rb . } ,F l 'i�: r '�s �r ti.3,1 �. ,. Y 110 Ra FIR",RT 1 � Alt. p;, TV,is %A w� ��u .�'t*HK � �����I i ii SMOU - t o a to bio: " uOd for..4u4h a ,lea or pUrpoSs p .nc ipomoun 0, :stat .*xooll i cL b,60* *r* "2- total .na � the by '-.M7r�tiai�►c�' ion note 160 Cis squad pursuatt to 't41s,,a$rt1`1aat* is 44.50000 6j . ago bond a4tic4ation not;�a, ors oQtst4rrdin. or ,hove orototors �s4all issi "ad in antioi atiun of sale of auah bonds. 7. The,, notes U'U' ti,,orrizod by t"s 'tai not as ronowst note. : U. Said note is ia-usd in sritloipsstion of land, of stiid Yearn f io;*4h.ld for payi� ;-ort of too cast 6f t acq"i6lti.on of corta4n zeal yropeAW and for the ks.rk -' tric't ,L4 amld, Uwn# blob is ars assessable IzAprovomont# Tho falti az'4 credit at said To*jw or Southold# err Xork, ars Uoro:yy irrovoosibly 1plodga d to UA ,VAaant of the pri ipal of and interest or said note,, and said nate akA l l bs paid free tLa prdao#da dorived. tram the 'solo of bonds in anti.alpation of whioh it Is 199L,e4i ah providod by stotv t* 9# i further omrtify that the p0wor v6st►ed In ands dslogsted te so to 3s►. us such not,* is in full forgo am" offoot, and hat not bken m*difisdt *94add or r ;vokad. 10• ;Suoh _iond Inti u l;stion not* sholl b . axse�,tsd In the name of said lowu of �3o4tLold by its assled with Its oor ora s seal# attustod' by its ' own lark, st:ali xjo in m bstairtially tF1e form attivolidd hair..,oto, and the Savin is Lsras'p� alts at 1:vi viite sale, to TLe drat ,adoral Baia of 4ri#&q;ort* in reanport, Now York, tit a prLae of r.ot lea:a than per aria w, rued, interest, if Aryo 11« 1 furtbsr corti.fy uji o*n ivformatia , and belief t4at no offloor of oaployres of *did Town is on off Loor,' d ator or. r taak- bolatir of said ,purchas or« Datedt t..'roszvopft , Nov 'York* � jiltr 1956 n ® ar utsd c�unte�axt$ .t t'.. her ;ora ldiao"Uioata and eti'tiaclue d fora of note wore f iled-with ti4 Town . ourd of the ipawn o SmAtlualdi Aw 4vrksr at► Aha ' ... .. day of " ,.....,..,� 1956* 101 •' ,. -. vac _....., �' � � -� � � � 'bK � 'YK ,: �, � � ... '� b �'- UNITED STATES OF AMERICA STATE OF NEW YORK Ilium ("IF IMMI.1<t WO OF S(M-40LD � t SNo. $ 4 *,.� Tem 'Town ofwtolds In tA*o counUy 44r SUr1 , is murcl+ ljpall Cy 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 holder, the sum of l on the _SM& day of 19 7 , together with interest thereon from the date hereof at the rate of two ZA Fi r`ty 1'�u'IdX'+iPdtha per centum ( ,t2. ) 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 N.E 1M Y * 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$ 45 P 00C issued pursuant to proceedings duly adopted by the Finance Board of the Obligor, t*d Juno 12s 19%. for psylag � for the Nattituak Park District 1A 0414 TOM; ami 6160 PUMOnt to a boa* >I ntlaip t ion note "rtifteatO "t*d A20fJJ6 N 19%. ? 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 i and laws of such State. " )� IN WITNESS WHEREOF, the Obligor, in accordance wit e p edings authorizing this note, has caused this note to be signed and its corporate seal ,,*he o affiixed and attested as appears f y' below, and this note to be dated as of the a `a A 119 56 TOW OF 3=110LD ya NEW YMKL by ,`s/ Norman E�.�q K�lyy r l ATTEST: /s/ RaInh P . Booth 0 ^ GOES 115 V2 � LITHO IN U.S.A. Provisions for redemption of this note prior to maturity: . tote my bo ftdoemOd at any time prior to maturity by *&A Ob1jVr Upon giving written tie* to t14 tioldor, eft lnt*r*at &ha ll **aso arter t "to f ixod for rodmvtion. W O 1 o W ` U) Z a LL H N W W ` WM W Z W 11! Z QQ < Provisions for the registration of this note: Pow REGISTRATION CERTIFICATE It is hereby certified that the within note has been registered as follows: Date of Registration Name of Registered Holder Registered by VANDEWATER, SYKES, HECKLER & GALLOWAY Attorneys and Counsellors at Law 120 Broadway New York S tgn�t#ire Trr#tftratr We, the undersigned, do hereby certify: That we are the officers of the Town of Southolds Suffolk County# New Yorks indicated by the official title set opposite our respective signatures to this certificate. That we did officially sign $ 45#000 Bond Anticipation Notes0ftcxk=c*k 1956 of said Town of Southold s denomination $ 45#000 ®ooh, dated Auguat &A 1956, interest Q,c,�0per centum per annum, payable at maturity Xxxit said bonds being numbered and payable as follows: Numbered 1 and maturing on _ ftbruan Ud with prepayment reserved, That no litigation of any nature is now pending or threatened restraining or enjoining the issuance and delivery of said bonds or the levy and collection of taxes to pay the principal and interest, nor in any manner questioning the proceedings and authority under which the same is made or affecting the validity of the bonds thereunder. That neither the corporate existence or boundaries nor the title of the present officers to their respective offices is being contested. That no authority or proceedings for the issuance of said bonds have been repealed, revoked or rescinded. That the corporate seal of the Town of Southold is impressed on all of said bonds. That on the date of the signing of said bonds and on the date of this certificate, we were and are the duly chosen, qualified and acting officers indicated therein and on this certificate and duly authorized to execute the same. That the word "bonds" shall be read as "note" wherever necessary in this Signature Csrtif eatee Witness our official signature this day of August ' 1956 Signature Official Title Term of office expires � r Su_yeeryisor 12!'31/1967 wn C lerk12/31ZI957 I hereby certify that the signatures of the officers above subsscribe�d, are true and genuine. ......-......... : Cashier -..-Bank Form2b Form 2b 5M 2-55 B.&Co. • • VANDEWATER, SYKES, HECKLER & GALLOWAY Attorneys and Counsellors at Law 120 Broadway Now York S j9pretpt I, the undersigned, the duly chosen, qualified and acting �7t]Sf Supervisor of the Town of Southold, Suffolk County, New York, do hereby certify that on the date last below mentioned (being the date of the actual delivery of The First National Sank of the followingdescribed bonds to the purchaser) I received fro X � f�reenpor , in Greenport, New York 131 M the purchase price of pation Note, 1956s $ 45s000 Bond Antiai- xam of said Town of Southold, denomination $45 s 040 dated -Aixgaust U,4,� 166 , interest2.50 per centum per annum, payable at maturity said bonds being numbered and payable as follows: Numbered 1 and maturing on Februars ,%bA,, with prepayment reserved. Said sum thus received by me being as follows: Principal (par value), $ 45,000 a o0 Premium, $ Accrued interest f rom 19 56, to 1956 , (the date of the actual delivery of said bonds), $ Total, $ That on the date of the actual delivery of said bonds to the purchaser, the officials who signed said bonds and the signature certificate accompanying this receipt, were the duly chosen, qualified and acting officers indicated therein, and that no litigation is pending affecting the validity of said bonds. That the word "bonds" shall be read as "nota" wherever necessary in this Receipt. 'iipervisor VAMMZ Form 3b 5M 2.55 B.&Co. At a Regular meeting of the `.Down Board of the Town of Southold, Suffolk County, New. York, held at Greenport, in said Town, on the 20th day of November, 1956, at 1: 30 o1clodk P.M. , Eastern Standard Time. The meeting was called to order by Norman E. Klipn, Superviso , and the roll being called, there t,,,ere PRESENT: SUPERVISOR, NORMAN E. KLIPP JUSTICES: RALPH ! TU'['HILL:, HENRY A. CLARK, LOUIS M. DENiAREST ABSENT: COUNCILMAN LEST ER M. ALBERTSON JUSTICE E. P?RRY 'EDW"RDS The following resolution was offered by Justice Ralph W. Tut- hill who moved its adoption, seconded by Justice Louis M. Demarest to wit : WHEREAS, the Town Board of the Tov.�n of Southold, Suffolk County, New York, by a. bond resolutiondated June 12, 1956, authors zed the ispuance of 1:45, 000 serial bonds for the acquisition of certain real property in and for the kattituck -'ark District in said. To,,,M; and. ?SIH ;REAS, it is now desired. to 'Provide for the details and authorize the sale of such bonds and to provide for other matters in connection thereviith; NOW, THEREFORE, BE IT RF:ESOLV IRM, )y the Tol, n Bo, rd of the Tov,n of Soiithol d, Suffolk County, New York as follows : Section 1 The serial bonds described in the -oreambles hereof shall each be designated substantially MATTITUCK PARK DISTRICT ( SERIAL) BO ID, 1956, shall be dated October 1, 1956, of the denomi- nation of yr1, 000 each, in.zmbered from 1 to 45, both inclusive, maturing in numeric<..1 order in the amount of 42, 000 on October 1 in each of the years 1957 to 1971, both inclusive , and $3, 00: on October 1 in each of the years 1972 to lo?6, both inclusive, and shall bear interest at a rate not exceeding five ner centurn ner annum, payable sEmi-annually on April 1 and October 1. Such bonds shall be in bearer coupon form with the nrivilege of conversion into bonds registered s to both principa..1 aft interest and shall be payable as to both principal andinterest in la.�.ful money of the United States of America at the First National Bank of Greenport in Greenport, New York, which by contrail. t is the pa.yin agent of to issuer, Such bonds shall be signed in the name of said Toy,:n of Southold, by its Supervisor, sealed with its corpor- ate reel, attested by its Tol,:n Clerk and the interest cou-oons shall bear the facsimile signature of said Supervisor. Section 2 All other matters, except as provided herein re- lating to such bonds, shall be dete"°mined by the Supervisor of said Tou.,n of `-outhold, Such bonds shall contain substantially the recital of validity c1<a.use nrovided for in Section 52. 00 of the Local Finance Law and shall otherwise be in such form and contain such .recitals , in addition to those recuired by Section 51. 01 of the Local Finance Lati,., as the Supervisor shall determine. Section 3. It is hereby determined that subdivision 21 of paragranh a of Section 11. 00 of the Local Finance Lava applies to such object or purpose and that the period of probable usefulness thereof is thirty ,years, computed from August 2, 19"6, the d., te of the earliest bond nticioation note is�uei. in � ntici"oation of the sale of such bonds. Section 4 The faith and credit of the Toinrn of Southold, Suffolk County , Parer^, York, :are hereby irrevocably pledged for the wa.yment of said. bonds andthe interest thereon. To pay said bonds and the interest thereon, there shall annually be levied and asses - ed against the taxable reel property of said Park .Di strict, and collected in 'the same r:;anner, at the same time, and by the same officers as the taxes of said Town are levied., assessed and collet - ed, an amount sufficient to pr�,.y such nrincin� 1 nd, interest as the same respectively become due and payable , but if not -Paid from such source , .11 the taxable real property with in the Toi%,n i��ill be subJect to the levy of ad valorem taxes to pr- y said bonds ani':. interest thereon without limitation < s to r,>te or ).mount. Section 5 The powers and duties of advertising such bonds for sale, conducting the sale and. a.-raid i.ng the bonds, are hereby delegated to the Supervisor, who shall advertise such bonds for sale, conduct the Pale and award the bonds in such manner as he shall deem best for the intere is of said Town of Southold, pro- vided, hol�lever, that in the exercise of thepe delegated -oowers, he shall comply fully with the provisibns of the Local Finance L,�w and any orde or rule of the S'l'ate Comptroller ap >licable to the sale of munici,)a.l bonc,s. the receiot of the SunerviPor of said Town of Southol,' , be a full acqui'-.tance to the purchaser of such bonds , T•,ho shall not be obliged to Gee to the ar)plication of the purchaser money. Section 6 This resolution shall take effect imn;ediately. The nuePtinn of the adontion of the foregoing resolution ti,,tas duly put to €i vote on roll call, ti,.�hich ruslted as follohls : N0RMAN E. KLIPP, SUPTRVISOR VOTING Yr:S JUSTIC"?. RALPH 1W. "'UTHILL VOTING YES JUSTICE HEIMY A. CLARK VOTING Yips JUSTIC'� LOUIS 1,1. D'"MAREST VOTII'� G Y`;5 The resolution was th-reunon declared duly adopted. STATE OF NEI,%; YORK ) ) SS COUN"'Y OF SUFFOLK ) I, the undersigned Clerk of the Tol,n of Southold, Suffolk County, Neti York, DO HF,9:^3Y' CE'�TIFY: That I h< ve compared the annexed extract of the minutes of th. meeting- of the To?,,,n Bo,:rd of said Town, includinF' the resolution contained therein, held on the 20',h day of Ilovembe , 1976, ',%ith the original thereof on file in my of ice and the t the same is a. true and correct tra.nscrint therefrom and of the whole of said or!-_-incl ^o f �r n s the Fame relates to th P u.b,ject matters ther in referred to. I FURTHER CERTIFY that all members of sai�J. Board h<,d due noti e of said meeting. IN j°2TNF1 S WHEREOF, I have hereunto set my h ..nd and affixed the Peal of said ""own this 20th day of November, 1956. � S E A L) To :m uXerk x';45, 000 TOWN Oil SOUTH-.OLD, =UFFOLK CQUIN :Y, NEV! YORK MATTITUCK P.,,.RK DISTRICT ( SF,RIAL) BONDS, 1i�_;36 NOTICE 01' SALE - - - - - - - - - - - - - Sealed nro-oosalp ,gill be received anA considered by the under- signed Supervisor of the Tol,,,n of Southold, Suffolk County, Nev, Yr1k , at the office of the Supervisor, Green-port , in said Town, at of cloekY,. 11. , Eastern Standard Tire ' , on the day of 1,957 , ,-it i,hich tim and -ola,, ce the bids --,ill be opened, for the T)urc,q, ,,,e at not legis than par and a.ccrued interest of ,!L ,!..�45, 000 14Lattituck Park District ( Serial) Pon .s, 1956, of said To n, of the dienomination of $ 1, 000 each, dated October 1, 1956, and mato c�inP7 ?''2 , 000 on October 1 in each of the years 1957 to 1971, both inclusive, and ,.3, 000 on October. 1 in each of the years 19'�2 to 1976, both inclusive, bearing interest at a rate not exceeding five -)er centum per < n u ', n. ,",yable semi-annually %pril 1 and Octo- ber 1. Principal anc]. interest of said bonds are oa.yable in lawful money of the Uni--ed States of Ame-ica, .I,t the First National Bank of Greenport, in Greenport, NevYork. Bonds be in bearer form l with counons attached -�.-,nd may be converted into ful y re5p-istered bonds, a.nd will be valid and legally binding general obligations of said To� n, payable in the first instance from ,;. levy union tax- able property in sai. Par.l.n. District, but if not pa id therefrom all the taxable-.real property within the To �. ill be subject to the levy of ad vElo-oem taxes to -ol-y said bond-, and 1-nterest thereon without limitation as to rate or amount. The State Constitution requires the ".'own to -,)ledge its faith and credit for the payment of the princinal of the bonds and the interest thereon5nd to make annual aT)i-)ro-,,-)ri,?.t ions for the amounts required for the of such interest tind the redemotion of such 'bonds, The St to Constitution also -orovides that if E.t any ime the appronriating authorities fe,il to make the reluired ,:onroiDri at ion s, for the < nnuEil debt service on the bonds and certain Dther obligation!, of the 1,11o,-n, a suffieient ,:-)um shall be set apart Crom the first revenues thareafte- received and shall be applied ror such purpose; also that the fiscal officer of the I.Poiin may be equired to set a-,oart n.nJ. only such revenues 3_s aforesaid at the suit of e,)Pholder of such obligations :'Ea -), 000 bonds and state al ch bid. must be for all of said 11'4 single rate of interest therefor. Unless all bids arrejected, the aijard will be made to the bidder comnlying- t,vith the terms of sale and offerin- to -purchase �,aid bonds .a.t the lol,,,est rate of, in- terest not exceeding the rate above specified, -stated A.nmultiol ,- of one-(varter or one-tenth of one T)-r c(-:,.,ntur,-. Pe- annum, 1,-�ithout reference to -oremiurr, 'nrovided hoi,!ever, that if two or more bidders offer to purchase said bonds at the same loi•,,Ppt rate of interest then such ai,-arn. be rracl.e to the bidder offerj_n� the highest ores I um. The right reserved to reject ,ny or - 11 bidF�, an(',. any bid not complying 51.ith this Notice of S,)-le irill be r,,%Jected. Eacl-i bid -must be enclosed in = clealed envelope addressed to the under- signed S"u-pervisor, and sho,,,ilCi be i;-iar1F,.ed on the outside "Proposal for Bonds, and inuqt be a,c.rl,omn- nied ,i%ith -1-i certified or cashier' s checi-1- upon ;-!n incoroorate,r'. bank or trus=t com-ofjny to the orde.. of said Toj,I!n of Southoli.' , Nev, York, for !,900 as a good f,-_,ith denosit to securd the Toi-,Tn against any loss resultJLn-,• from the failure of the bidder to corn-oly -v ith the terms of 1111F�, bid. No interest Txill be allot, ed on the amount ol' the --,,00d faith deposit. Said bonds are issued -nu-sivant to the Constitution on;i statutes of the State of Neiv York, inclu,:.inF-; , stung others, the ToT.-,n Lai— end. the Local Fin,ance Lav, for the accuisition of certain r:",&l property in and , for the Mat'::ituck R;rk Di,,trict in said Tov.,n of Southold. In the event th,-t ,-)rj-or to the _'.,ellvery of the bonds, the in- cor,,,ie receiveC,, )y private holders from bonds of the came type nd character shall be taxable by the terror- of ny Feder< l income tax laTv.1, the succe,. sful bidder mcy, at his election, be relieved of hi � obligations under the contract to ,purchase the bonds, and in such case, the deposit accoi-,q-:)anying his bid - ill be returned. Said bond p i. ill be delivered at Nev York, ,Jei,, '.Y'or'K., or at such other rL-ce -_)s T-1tay be agreed i,.!i'-h tha -urchaser about 195 .$ Fn -he -,, -.rovinc_. opinion of Hess... s . Ve,ndewatb� , Sy. , Hec-,.',.ler furnished without cost to thl fill be Nei,..,, Ybrk, New York, -Purchaser. There !,,ill Plso be furnished the usual closing certifi- cates, date,,". as of the date of (.1plIvery of and.. p,;_yr,,1ent for the bon.. �,z incluclinz statement that there is no litigation pending or, to tj e knowled e 1101 the sivners the-eof, thrt ened: affecting the validity of the bonds. The population of the Ton n as shown by the 1950 U.S. Census is ��► 3 � The Debt Sta=tement to be filed, pursuant to Sectio 109. 00 of the Local Finance Lazar, in connection with the sale of the bonds herein de sc"ibed, prepared as of Ann> 1956 will show the average full valuation of real estate subject to tax- at°:.on by the To-n to be ��, 7s�° ��`� kv its debt limit to be anj its total net indebtednes subject to the debt limit to be �'''' 90�•�' The proceeds of such bonds will be used to retire outstanding inOebtedness of 15, 000 evidenced by bond anticipation notes. The indebtedness= to be evidenced by such bonds will not in- crease such net indebtedn sp . A. 3.etail d report of essential facts will be furnished to < ny interested bidder upon request. Dated: Greenport, New lork, ti 21, 1956. Supervisor COUNTY OF SUFFOLK r STATE OF NEW YORK t ss. Frederick C. Hawkins, being duly sworn, says that he is the owner and publisher of THE LONG ISLAND TRAVELER - MATTITUCK WATCHMAN, a public news- paper 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 Trove ler-Mattituck Watch- man once each week for ......................................... weeks successively, commencing on the ...................................... dayof .................................... 19........ ................................................................................ Sworn to before me this ........................ day of .................................... 19........ ...................................... ...................:.......................... Notary Public $45,000 vides that if at any time the appro- In the event that prior to the de- TOWN OF SOUTHOLD, bl ug authorities fail to make the livery of bonds, the income re'- SUFFOLK COUNTY, NEWx ARK re,. :ed appraprfations for the annual ceived ,b ds MATTITUCK )eA1tK DIST9WT debt service on the.bo>�s and certain, of the same type and echaracterrs from h all (SERI ) BONDS, 1956 other, obligatjobs of the Town, a suf- be taxable by the terms of any Fed- NO E OF S E fici sum' 11 be Set apart from the eral income tax law, the successful bid- Sealed prop spill be received' d fir " enu ereafter received and der may, at his election, be relieved of considered by the ul�dersign�i Su tkhiat bpp for such purpose; also• his obligations under the contract to, visor of the Town of Aouthold Su lk ,fiscal officer of the Town may purchase the bonds, and in such case,! CouPty, NdW Yore, at the office of the I be rbquired to'set apart and apply such the deposit accompanying his bid will Supervisor Greenport, in said Town,I rove as tresaid at the suit of be returned. at 2 o'clock zP M., East= any�er ot,such obligations. Standard Said bonds will be delivered at New Time, on the;:8th 0ayrof January, 1957, Each bid I st• be for all of said York, New York, or at such other place at which tith00 lo W and place the bids will $45,0W bonds state a single rate as may be agreed with the purchaser be o honed Qr the purchase at not of interest the. for. Unless all bids are about January 30, 1957. less an par'and accrued interest of rejected, the`'award will be made to $45;000 Mattituck Park` District the bidder complying with the terms The approving opinion °f Messrs. of sale and o erin to Vandewater, Sykes, Heckler & Gallo- (Serial) Bonds, 1956, of said Town,.of g Purchase said way, New York, New York, will be ,the denomination of $1,000 each, dated' bonds at the lowest rate of interest f October 1, 1956, and maturing not exceeding,the rate above specified, ifurnished without cost to the pur-! g $2,000 stated in a multiple of one-quarter or chaser. There will also be furnished the 19 October Y in each of the years usual closing certificates, dated as of .1957 to 1971, both inclusive, and $3,000 cone-tenth of one per centum per an- on October 1 in each of the num, without reference to premium, the date of delivery of and payment years provided, however, that if two or more for the ponds, including a statement 1972 to 1976, both inclusive, bearing that there is no litigation interest at a rate not exceeding five bidders offer to' purchase said bonds pending or, at the same lowest rate of interest to the.knowledge of the signers there- per centum per annum, payable semi- of, threatened affecting the validity of annually April 1 and October 1. Prin- then such award will be made to the cipal and interest of said bonds are bidder offering the highest premium. the bonds. payable in lawful money of the United The right is reserved to reject any or The population of the Town as States of America at the First National all bids, and any bid not complying shown by the 1950 U. S. Census is with this Notice of Sale will be rejected. 11,632. The Debt Statement to be filed, Bank of Greenport, in Greenport, New, York. Bonds will be in bearer frm Each bid must be enclosed in a sealed;pursuant to Section 109.00 of the Local o with coupons attached and may be envelope addressed to the undersigned Finance Law, in connection with the converted into fully registered bonds,'Supervisor, and should be marked on sale of bonds herein described, pre-c and will _be valid and legally binding!the outside "Proposal for Bonds" and pared as of December 21, 1956 will show general obligations of said Towd,'04y_ i must be accompanied with a certified the average full valuation of real estate able in the first instapee from ,a`levy,or cashier's check drawn upon an in- subject to taxation by the Town to be upon taxable property in said'#F+ark corporated bank or trust company to $65,750,364.87, its debt limit to be $4, District, but if not paid theril all i the order of said Town of Southold, 6'525.54, and its total net indebted- the taxable real property within the New York, for $900 as a good faith ness subject to the.debt limit of $124,- Town 124;Town will be subject to the levy of ad deposit to secure the Town against 900.00. The proceeds of such bonds will valorem taxes to pay said bonds and any loss resulting from the failure of be used to retire outstanding indebted- interest thereon without limitaton as+the bidder to comply with the terms ness of $45,000 evidenced by bond an- to rate or amount. of his bid. No interest will be allowed ticipation notes. The indebtedness to be The State Constitution r Ion the amount of the good faith de- evidenced by such bonds will not in- State the posit. Said bonds are issued pursuant crease such net indebtedness.A detailed Town to pledge its faith and credit to the Constifution and statutes of report of essential ;facts will be furn- for the payment of the principal of the the State of New York, including shed to any interested bidder upon bonds and the interest thereon and i among others, the Town Law and the request. to make annual appropriations for the Local Finance Law, for the acquisition amounts required for the payment of of certain real property in and ;for the Dated. Greenport, New York such interest and redemption of svrh 1lirat.t.ir„ntr i�_v December 21, 1956 AFFIDAVIT AND CERTIFICATL OF MAILING FOR NEWYORK STATE MIJIT aCIPA I� SEC U�RZ'iE5 Issue of $ 42. Tg a ir,.rn Mf` u1y1 24 su olk c7tmtyt # a York# v, .. To be sold at Public Sale on at iyti4 ii'36.:2;�'Wa.��TL i- ♦�`� ✓�-• Prepared by the GOVERNMENTAL STATISTICAL CORPORATION 79 Wall Street -172 South Salina Stx cet New York 5, New York Syracuse, New York 47 Nicholai Street Denton Building klicksvilie, L,11. New York Mineola,L.i,s New Yor, STATE OF-NEW YORK �� • COUNTY OF Xd ssa LUCLWO TA US ,being duly sworn on oath deposes and says: I am an employee of the Governmental Statistical Corporaticny located at '} Fall 8 l lisw Xcwk City and 47 Wwt fii.ehol 03 ,... w u.', :. •.: :iii±e,L.I.�MMt TOr'k .. .. ...,.,,�.._,, that at the order of said Corporation2 and on behalf of tho Twom of southoul, ftff'o1k OounWo, ,bit: York wirti43i I mailed on theh_, day of �uabOr 19' s a notice of sale of theg '=, bond issue Of t �LSttfyhllt G it7Xltb f s r t N;'1l� w'w ? t�to i^ ?ark Dia i3N ...r+�......�..�+r"' to the State Comptroller, Albany ljNew York? the Daily Bond Buyer' 67 Pearl Street, New York City$ to each of the persons,firias and co orations at the addresses shown on the attached State Gomptrollerrs List T hi i and lists of banks which includes at least 2 Banks or Trust Companies having a place of business in the County or Counties in which said's the isaue is mailing was located. The attaohed lists form a part of this affidavit. `,f the made by insertion of two copies of said notice of sale and one copy report of essential economic and fiscal facts in an envelope duly addressed and with postage prepaid. and I myself caused the said envelopes and their enclosures to be placed in mail bAxes of the United States maiiltained at the 14 Attached hereto is a facsimile of the espies of said notice of sale and brochure so mailed.. 7 rj TctaD 5t o Liof Selector Subscribed and. sworn to beft-rd me Dealers not on tae Comptroller's List this '-k/2 ___day of '.`194�--Interested Publications, '�_ Statistical Org&nizations, Public officials and Offices Of GISIC. Yom CertaJ_:. N.Y-.State SavJ1.ng No�Ak Y Banks Local Banks & Tr-+ast. Companies . • NEW YORK STATE COHFfROLLER@@ 1. Adams, McEntee and Co., Incl 40 Wall Street Neti York 51 No Y. 2. Allen & Company 30 Broad Street New York 4, N. Y. 3. A.C. Allyn & Co., Inc. 44 '►all Street New York 5t No Y. 4. American Securities Corp. 25 Droud Street New York 40 N. X. 5. American Trust Co. 70 Wall Street New York 5, N. Y. 6. Andrews & Wells, Inc. 70 Pine Street New York 50 N. Y. 7. Bache and Co. 36 '!all Street New York 5o N. Y. 8. Bacon, Stevenson & Co. 39 Broadway New York 61 N. Y. 9. Bacon Whipple & Co. 1 Wall Street New York 5, N. Y. 10, Bankers Trust Co. ' p 16 ?Mall Street New York 15, N. Y 11. Barr Brothers & Co. 40 Street New York 51 N. Y. 12. Baxter, Williams and Co. 70 Pine Street New York 5, N. Y. 13. Bartow Leeds & Co. 57 'iill.iam Street New York 5, N. Y. 14, Bcar, Stearns and Co. 1 Wall Street New York 5, N. To 15. Blair & Co., Inc. 44 Wall Street New York 50 N. Y. 16. Blyth & Co., Inc. 14 Wall Street New York 5, N. Y. 17. Bramhall, Falion & Co., Inc, 2 Wall Street New York 51 N. Y. 18. Braun, Bosworth & Co., Inc. 1 Wall Street New York 5, N. Y. 19, Brown Brothers Harriman & Coo 59 Wall. Street Nuw York 5, N. Y. 20. Byrne and Phelps, Inc. 44 'fall Street New York 51 N. Ye 21. The Chase Manhattan Bank 18 Pine Street New York 15, N. Y 22, Chemical Corn Exchange Bank 30 Broad Street New York 15, N. Y 23. C• 7. Childs & Co., Inc. 1 'Tall I tr(;et New York 50 N. Y. 24. Coffin & Burr, Inc. 70 Pine Street New York 51 N. Y. 25. Eldridge Be Quinlan Co., Inc. 149 Broadway New York 61 N. Y. 26. The Daily Bond Buyer 67 Pearl Street New York 4, N. Y. 27, R. L. Day and Co. 14 Wall Street Neta York 5, N. Y, 28. John J. De Golyor Co. 42 .East Avenue Rochester 4, N. Y. 29• Dick & Merle-Smith 48 Wall Street New York 5, N. Y. 30. C. J. Devine & Co. 48 Mall Street New York 5p N. Y. 31. Dominick & Dominick 14 'gall Street New York 5, N. Y. 32. Drexel & Co. 30 Wall Street New York 5) N. Y 33. Dreyfus & Co. 50 Broadway New York 40 N. Y: 34. Dun & Bradstreet, Ince 99 Church Street New York, N. Y. 35. Francis I. DuPont & Co. 1 ?°tall Street New York 5, N. Y. 36. Eastman Dillon & Co. 15 Broad Street New York 5, N. Y. ' 37. Eldredge & Co., Inc. 40 Wall Street New York 50 N. Y. 38. Equitable Securities Corp. 2 Wall Streut New York 5, N. v 39• - Estabrook &-Co. 40 :)all 6treet New York 5, N. 40.. Fabricand & Co. 50 Broadway New Yor'- 6, Td, Y 41. The First Boston Corp. 100 Broadway New York 51 N. Y. 42. First of Michigan Corp. 2 'Tall Street New York 5, N. Y. 43, Harvey Fisk & Sons 52 gall Street NewYork5, ti. Y, 44, Paul Frederick & Co. 70 Pine Street New York 5, N. Y- 45. Freeman and Co. 61 Broadway New York 61 N. Y. 46. "Robert' Garrett:_&:Sons 115 Broad,,ray Ne-r York 6, N. Y. 47, Geo. Be Gibbons & Co., Inc. 20 Pine Street New York 5, II• y• 48• Glickenhaus & Lembo 55 Liberty Street New York 5, N. Y. 49• Goldman, Sachs & Co. 30 Pine Street New York 51 Pe Y, 50. Granbery, Marache & Co. 67 '"all. Street New York 5, N. Y• 51. Gordon Graves & Co. 30 Broad Street New York 4, N. Y. 52. Green, Ellis & Anderson 61 Broadi.ray New York 61 N. Y 53. Gregory & Sons 72 Wall Street New York 51 N. Y 54. Guaranty Trust Company of New York 140 Broadway New York 15, N. 55. G. C. Haas & Co. 65 Broadway New York 5, N. Y. New York State Cm t. ller's List (continued.) 0 56. Halsey, Stuart & Co., Inc. 35 "all Street Net! Yorl. 5, N. Y. 57. Hamlin & Lunt 906 Marine Trust; Bldg. Buffalo 3, N, Y. 58. Hannahs, Ba.11in & Leo 111 Broadway Neer York 61 N. Y. 59. The Hanover Bank 70 hroadway New York 15, N. Y. 60, Harriman Ripley & Co,, Inc. 63 Mall Street New York 5, N. Y. 61. Harris Trust & Savings ? ank 30 '.Fall Street New York 5, N. Y, 62. Ira Haupt & Co. 111 Broadway Ner York 6, N. Y. 63. Herwphill, Noyes & Co. 15 Eroad Street New York 51 N. Y. 64• Malvern Hill &'Coy Inc. 115 P.roadwa ', Nest York 61 N. Y. 65. Hornblower &. Meeks 40 Wall Street New York 5, N. Y. 66, R. H. Johnson Co, 64 Vall Street New York 5, N. Y. 67, Kean, Taylor & ^o. 14 ' all Street New York 5, N. Y. 68, A. M. Kidder & Co. 1 'fall Street Neer York 5, N. Y, 69, Kidder, Peabody & Co. 17 "all Street New York 51 N. Y, 70. Charles King & Co. 61 Broadway New York 61 N. Y. 71. King, Quirk & Co., Inc, 25 Ear.oadway New York 40 N. YS 72. Ladenburg! Thalmann & Co. 25 Broad Street New York 4, N. Y 73. Laidlaw & Co. 25 £road Street New York 4, N. Y. 74• Aubrey G. Lanston & Coo, Inc. 15 Broad Street New York 5, N. Y. 75, Lehman Brothers 1 ','1illiwii Strut Ne7 T York 41 N. Y. 76. Little & Hopkins, Inc. Reynolds Arcade Roch( :2ter 14, N, Y 77, Carl M. Loeb, Rhoades & Co, 4.2 14all Street New York 5, N. Y . 78, Mackey, Dunn & Co., Inc. 1 Wall street Now York 5, N. Y. 79. Manufacturers and Traders Trust Co. 234 Main Street Buffalo 5, N. Y.. 80. Marine Midland Trust Co, 120 Broadway New York 15, N, 81, The Marine Trust Company of 'Jestern 235 Main Street Buffalo 5, N. Y. New York 82. Laurence M. Marks & Co. 4.9 Wall Street New York 5, No Y, 83. Mercantile Trust Co. of. St. Louis 14 Wall Street New York 5, N. Y, 84. Merrill Lynch, Pierce, Fenner 70 Pine Street New York 5t N. Y. & Beane 85. Model, Roland & Stone 120 Broadway Ne,,, York 5, N. Yo 86. Moodyts Investors Service 99 Church Street New York 6, N, Y. 87. J. P, Morgan & Co,, Ines 23 !Nall Street New York 81 N. Y. 88, W. H, Morton & Co., Inc. 20 Exchange Place Noir Yor',, 5, N; Y. 89, The First National City Bank of N. Y. 55 Wall Street Neer York 15, N. Y, 90. National Commercial Bank and Trust Company of Albany 60 State Ftreet Albany 1, N. Y. 91. Neviburger, Loeb & Co, 15 Broad Street Neii York 52 N, Y, 92, The Northern Trust Co. of Chicago 15 Broad Street New York 5, N. Y, 93. John Nuveen & Co., Inc. 40 IJall Street New York 5, N. Y, 94, Paine, Webber, Jackson & Curtis 25 Broad Street New York 4, N, Y. 95, Phelpsp Fenn & Co. 39 Broadway New York 6, N. Y, 96, D. A. Pincus & Co. 30 Broad Street Nev York 4, N. Y. 97z Wm. E. Pollock & Co,, Inc, 20 Pine Street New York 5, N. Y. 98, R, '11, Pressprich & Co. 48 Wall Street New York 5, No Y, 99 u Rand & Comr)any 1 Wall Street New York 51 N. Yo 100,, Roosevelt & Cross, Inc. 40 Wall Stroet New York 5, N. Y, 101, L• F. Rothschild &. Co. 120 Broadway New York 5, N. Y.- 102. Sage, Rutty & Co., Inc. 45 Exchange Street Rochester 4, N, Y4 103. Salomon tros, & Hutzler 60 Wall F•treet New York 5, N. Y. 104, Schenectady Savings & Loan Co. 265 State Street Schenectady! N, Y. 105, Schoellkopf, Hutton & Pomeroy, Inc, 63 Wall Street New York 5, N, Y. 106. Schwamm & Company 50 Broadway New York 4# N. Y,. 107. S. L, Sherwood 30 Fifth Avenue New York ll# N. Y New York State Com trollerls List continued 108. Shields & Company 44 !Mall Street New York 5, N. Y• 109, Herbert J. Sims & Co., Inc. 52 Wall Street New York 5, No Y. 110, John Small & Co. 25 Broad Street New York 4, N. Y. 111. Smith, Barney & Co. 14 Wall Street New York 5, N, Y. 112. F. S. Smithers & Co. 1 Wall Street New York 52 N. Y. 113. Starkweather & Co. 111 Broadway New York 6, N. Y. 114• State Bank of Albany 69 tate Street Albany 12 N. Y. 115. State Comptroller of New York State Office Building Albany, N. Y. 116. Stevens, Cornelius & Co., Inc. 587 Ellicott Sq , Buffalo 3, N. Y. 117. Stone & Webster Securities Corp, 90 Broad Street New York 4, N. Y 118. Tilney & Company 79 Wall Street New York 5, N. Y. 119. Tripp"& Co,,,:'Inc, 40 T,rall Street New York 5, N� Y. 120. Union Securities Corp. 65 Broadway New York 6, N. Y. 121. B. J. Van Ingen & Co,, Inc. 57 William Street New York 5, N. Y. 122. Chas, E. Weigold & Co., Inc. 40 Wall Street New York 51 N. Y. 123. J. G. Ohite & Co., Inc„ 37 Wall Street Now York 5, N. Y. 124. R. D. White & Company 120 ' roadway New York 5, N. Y. 125. White, Yeld & Co, 40 flail Street New York 51 N. Y. 1260 Wood, Gundy & Co,, Inc. 14. 411 Street New York 5, V. Y. 127. Wood, Struthers & Co. 30 Wall Street Pow York 5, N. Y. 128. First Securities Co, of Chicago 134 South la Salle Sty uhicago 3, 111., 129. Foy er, Noi,an-W. Bo Hibbs & Co., Inc, 725 Fifteenth Street Washington 5, D. C 130, J. B. Hanauer & Co. 9 Clinton Street Newark 2, N. J. 131. Seasongood & Mayer 204 Inga3ls Bldg. Cinninnati 2, Ohio 132. Wachovia Bank & Trust Co, Winston—Salem, N:C 133. Mellon National Bank & Trust Company P. 0. Box 926 Pittsburgh 30, Pat 'LIST ObFAWMERCIAL BANKS IN SUFFOLK_ Beit COLNTY Gal .Located in New York State) NASSAU Penins+ala National Bank of Cedarhurst Cedarhurst East Rockaway National Bank & Trust Co, Est Rockaway The First National Bank of Farmingdale Farmingdale Franklin National Bank of Franklin Square Franklin Square The F!^e^port ��reeport The Meadowbrook 'National Dark Freeport Garden City Long Island Trust Co, Nassau Union Trust Co. Glen Care The First National Bank of Glen Bead Glen Head Hempstead Bank Hempstead The Second National Bank & Trust Co. of Hempstead Hempstead Long Island National Bank of Hicksville Hicksville The Matinecock Bank of Locust Valley Locust Valley The Lynbrook National Bank & Trust Cop Ly+wbr"ook The Bank of Malverne Malvern Oceanside National Bank Oceanside Oyster Bay Trust Company Oys-er Bay Bank of Rockville Centre Trust Company Rockville Center The Fora, Neck National Bank Seaford Valley Stream National Bank & Trust Company Valley Stream Bank of Westbury Trust Company Westbury The Wheats.ey Hills National Bank of Westbury Westbury ODIUM Bank of Babylon Babylon The First National Bank & Trust Company of Bay Shore Bier Shore State Bank of Suffolk Bay Shore The Bellport National Bank Bellport The Bridgehampton National Bridgehampton South Bay National Bank Center Moriches Osborne Trust Company E. Hampton Central Islip National Bank Central Islip The TivAer Mational Bank of E. Setauket past Setauket The First National Bark of Greenport Greenport The Hampton Bays National Bank Hanpton Bays Bank of Huntington & Trust Company Hunt-rig"'on First Suffolk National Ban's Hun'aington Huntington Station Bank Huntington Station First National Bank of Islip Islip National Bank of Kings Park kings Park The National Bank of ,ak- B.onkonkoma Lake Ronkonkoma The North Fork Bank & Trust Compa'Y Matt:i.uck atchogue The Patchogue Bank gue The Peoples National Bank of Patchogue Port Jef The Bank of Northern Brookhaven Por* heifexson L.I. State Bank & Trust Company Riverhead The Suffolk County National Bank Riverhead The Suffolk County Truest Company Riverhead The Peconic Bank Sag Harbor The Oystermen's Bank & Trast Company Sayville Bark of Smithtown Smithtown Branch The First National Bank of Southhampton. Southam,ton Bank of Southold Southold Bank of Suffolk County Story Brook Seaside Bank Weskhar._pton Beach The Lindenhurst Bank Lind.enlintst LONG ISLAND E A J:I NGS I3AD, 1KS The Union Savings Bank Patchogue Riverhead Savings Bank Riverhead The Roslyn Savings Bark Roslyn Sag Harbor Savings Bark Sag Harbor Southold Savings Bank Southold Report of ESSENTIAL ECONOMIC AND FISCAL FACTS Concerning t THE TOWN OF SOUTHOLD. SUFFOLK COUNTY, NEW YORK Relative to Current Offering of $45, 000 MATTITUCK PARK DISTRICT (SERLE L) BONDS, 1956 APPROVING OPINION MESSRS. VANDEWATERs SYKES, HECKLER & GALLOWAY NEW YORK t MATTITUCK PARK DISTRICT COUNSEL WILLIAM WICKHAM$ ESQ. MATTITUCK, L. 1. , N. Y. STATISTICS PREPARED & DISTRIBUTED BY GOVERNMENTAL STATISTICAL CORPORATION NEW YORK REPORT OF ESSENTIAL FACTS CONCERNING TOWN OF SOUTHOI D SUFFCLK COUNTY. NEW YORK T_N For the last five preceding fiscal Years ending Dece 9S5r 31stt 1951 1952 1953 1954 Town Bonded Debt $ 31000.00 $ None $ None $ None $ None M Special District Bonds 102,000.00 90$000.00 78$000.00 66,000.00 54,000„00 Less Deductible Items '- 00 90 000.00 78,000.00 66.000.00 S4,000.00 Net Bonded Debt 105,000. _._.0 J i �- -- .� Ctarlet.,. Expenses. General Town 216,826,41 278,752.15 291,202.22 200YS80.26 238,937.99 Welfare 25,734.75 26,002.92 31,515.97 Health 818.75 817.67 998.29 1,018.96 999.96 Highway 167,788.68 175,057.62 171,234.36 174,317.91 20G,985.21 Other Town Disbursements* 532,988.78 620,892.82 439,066.91 1,156, 137.14 800,567<60 Gross Expense 944,157,37 11 101,523.18 934,017.75_ 1,532,054.27 1,247,490.76 714.55 _ ,593.61 270,173,85 Special District Expenses 240, ,�219,719.12 250,861„11 ------282-----�_ Assessed Valuation of Real Estate Taxable by the ' Issuer 26,437,176.00 26,995,002.00 27,784,274#00 28,694,924.00 290 569,844.71** New York State Equalization 6896 684 3795 Rate 68% 68.5 Full Valuation of Taxable Real Property 38,878,200.00 39,698,532.35 40,859,226.47 42,198,417.65 79,918,499.22 Recei tst General Town(1) 123,668.Sl 149,442.97 171,324.74 201j062.43 244,289.6 t Welfare (2) 26,891.42 30,320.86 27,148.50 Highway 2) 183,722.37 169,174.84 168,777.38 197,984.75 201,359.56 264.86 1,U3S,848.27 801,441.11 Other 'Town Receipts* 661,_ 38 4.98 741,S98.34 709, _...�.�-� ' TOTAL 995,667.28 1,090,537.01 110 76,515.48 11 434t„895.48 1,247 03 4 _,�.�...._,.— ---------- Special District Receipts 231,937.09 238,899.01 277,980.13 285,202.02 307,638.15 (1) Includes146 512,95 Tax on Property 54,907.70 76,104.69 93,414.50 121,973.90 , Per Capita State Aid 41,200.34 41,661.01 41,293.60 41,29360 41,293.60 Other State Aid 531.98 10,60.79 12,341.04 26,373.63 32,083.98 (2) Includes ",�,pg 10,190.00 Tax on Property 7,000.00 N.Y. State Home Relief 15,197.86 17,947.46 16,446.55 • (3) Includes Tax on Property 156,500.00 156,000.00 161,000.00 166,389.27 191,195.00 State Aid 4,688.25 4,688.25 4,688.25 4,688.25 4,688,25 SINKING OR RESERVE FUNDS........NONE * Includes School Tax Fund ** Pursuant to Chapter 824, Laws of 1954. **�k Financed by$10,000,00 Budget Note Note-Expenses shown above include debt service on$7,000 of GeneralVownbonds in the year 1951 S debt service on $3,000 of General Town bonds in 1952. "2M $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BUNDS, 1956 NOTICE OF SALE --r-..------.........-..- Sealed proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 19570 at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial) Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October 1 in each of the years 1957 to 1971,both inclusive, and $3,000 on October 1 in each of the years 1972 to 1576, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April 1 and October 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank of Greenport, in Greenport, New York. Bonds will be in bearer form with coupons attached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. The State Constitution requires the Town to pledge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sunm shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum.per annum, without reference to premium, provided, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest piumnium, The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside "Broposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for $900 as a good faith deposit to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations tinder the contract to purchase the bonds, and in such case, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York, New York,,or at such other place as may be agreed with the purchaser about January 30, 1937. The approving opinion of Messrs. Vandewater, Syltes, Heckler 6 Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affecting the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632. The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described, prepared es of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364,87, its debt limit to be $4,602,525.54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request. Dated: Greenport, New York NORMAN& KLIPP December 21, 1956 Supervisor PROPOSAL FOR BONDS Dateds January , 1957 Mr. Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mt. Klapp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest at the rate of per centum ( %)per annum, and to pay therefor Dollars ($ ) and accrued interest at the rate borne by the bonds from the date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashiers check payable to the order of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check for$900 representing the return of our good faith deposit. $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BONDS, 1956 NOTICE OF SALE Sealed proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 1957, at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial)Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October 1 in each of the years 1957 to 1971,both inclusive, and $3,000 on October 1 in each of the years 1972 to 1.976, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April 1 and October 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank of Greenport, in Greenport, New York. Bonds will be in bearer form with coupons attached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. The State Constitution requires the Town to pledge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sum shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum per annum, without reference to premium, provided, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premiusn, The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside 118roposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for $900 as a good faith deposit to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds, and in such case, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York, New York,•or at such other place as may be agreed with the purchaser about January 30, 1957. The approving opinion of Messrs, Vandewater, Sykes, Heckler&Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affecting the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632, The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described, prepared at of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525,54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notesr The indebtedness to be evidenced by such bonds will not increase such net indebtedness, A detailed report of essential facts will be furnished to any interested bidder upon request, Dated: Greenport, New York NORMAN Ea KL31'P December 211 1956 Supervisor PROPOSAL FOR BONDS Dateds January , 1957 Mr, Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport$ New York Dear Mr. Klipp. Subject to the provisions,of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear Interest at the rate of per centum ( %)per annum, and to pay therefor. Dollars ($ ) and accrued interest at the rate borne by the bonds from-he date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the cyder of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check for $900 representing the return of our good faith deposit. For Fiscal years Ending December 31st Tax Rate per M 953 195;F_ 1955 1956 1.997 Town-Outside of Incorporated .15 $ 16.32 $ 19.37 18 Area $ 18,37 $ 19,12 $ Incorporated Village (Greenport) 16,12 15.79 16.13 13.24 16.09 Orient Mosquito District(No 15.92 18.83 County Mosquito Charge) 17,78 17.56 18.52 Tax Collection Record(a$of May 31st Total Tax Levy* ul,Bg seG.98$1,399,828.29$1,563,605.58 $1,561,717,45 $1,7891107.98 Amount to Town Supervisor 957,285.54 1,074,657.33 1#241$421.81 • 1,325,114.67 1,442,891.74 Amount to County Treasurer 315,290,61 301,756,54 29S,813,67 205,671.21 346,216.24 Uncollected 20;010,83 23,493.38 26,370,10 30,931.57 XXX Percent uncollected when due 1.55 1,68 1.69 1.98 XXX * Includes School; State, County and Town; and Special Districts. 1956 Assessed Valuation.....,...•.•.... $30,049372.00 (1) N, Y. State Equalization Rate ...•....•. 1956 Full Valuation..••.•......,.,.... $81,2140391,89 1957 Assessed Valuation..••.110 0 0#9 @ $31,2879 676.98 (1) N. Y. State Equalization Rate ......... 37% 1957 Full Valuation.•.•••.•••.•►••••'• $84•561,289,14 (1)Pursuant to Chapter 824 of the Laws of 1954, which Chapter partially exempts from taxation properties of the Long Island Rail Road in accordance with the redevelopment program of the Rail Road. STATEMENT OF DEBT LIMIT INDEBTEDNESS AND NET DEBT-CONTRACTING MARGIN AS OF December 21 1956 750,364.87 Average Full Valuation of Taxable Real Property••••••••••••••••••"•'•"""•'•••••••• $G5,---- Debt limit.....746 thereof...................•.......................................•. $ 4,602,525.54 Indebtedness: Outstanding bonds..............+...••••••••••••••••• $59,000 Bond Anticipation Notes* ........0......•.•o.0000••• 45,000 ...........•............•...•••+0.00 2,000 Capital Notes*. 18,900 Budget Notes .,•.,...,.,.,.•e.,,9..•s,9...9•.•••••• None Exclusions............................•.•••••••• 124 900,00 Total Net Indebtedness ..................•.•.•••••••••••••••••••••••••••••••••••••••••• 477,G2S.54 Net Debt-Contracting Margin........•.......•. .••••••••••••••••••••••••••••••••°0.00•• * To be funded by this issue. The net debt-contracting margin of the issuer is$4,477,625.54 as shown on a debt statement, prepared as of December 21, 1956, and filed pursuant to Section 109.00 of the Local Finance Law. OTHER INFORMATION The statutory authority for the power to spend money for the object or purpose, or to accomplish the object or purpose for which the bonds are to be Inued, is the Town Law and the Local Finance Law, The procedure for the validation of bonds provided in Title 6 of Article 2 of the Local Finance Law is being complied with. Tax payments are due in December each year. Taxes may be paid up to January 10th without penalty. After January 10th, a penalty of one pir cent per month is added until the end of May, at which time the tax rolls are returned to the County Treasurer. «.3- Tax Sales are held annually by the County of Suffolk. There is no district corporation as such term is defined in the Local Finance Law, Section 102.00 (a), situated in the unincorporated areas of the Town. No principal or interest upon any obligation of this Town is past due. The fiscal year is from Janwsrp 1 to December 81s4 Population of the Towns 1940-12,046; 1950-11,632; Current Estimate-15t 500. The area of the Town is approximately S6.2 square miles. In addition to the Mattituck Park District, the following political subdivisions have power to levy taxes upon the property within this Towns County of Suffolk Inc. Village of Greenport Fire Districts - Orient, East Marion Fishers Island, Southold, Cutchogue, Mattituck and the East-West Pssatection Area. Lighting Districts- Orients East Marion Fishers Island, Southold, Peconic, Cutchogue, Mattituck No. 1, Mattituck No'. 2'and West Greenport. Orient Mosquito District Southold Park District Fishers Island Ferry District Fishers Island Garbage District 1 School Districts- 2 3 4 5 6 7 8 9 10 11 12 14 S 15 BOND PRINCIPAL MATURING WITHIN THE NEXT TEN FISCAL YEARS (All�payable'out of Unlimited Ad Valorem Tax`Levy^ ) -� Prfnaiy�l Zaetlexis:d In p8 laces for Revenae- Excluding Principal of Including Producing Improvements Year This Issue This Issue This Issue or Services 1957 $16,250 $2 00 $18,250 $None 1958 14,250 2,000 16,250 None 1959 14,2S0 2,000 16,250 None 1960 14,250 2,000 16$250 None 1961 2,000 2,000 None 1962 - 2,000 2,000 None 1963 - 2,000 2,000 None 1964 2,000 2,000 None 1965 2,000 2,000 None 1966 - 2,000 2,000 None This issue, dated October 1, 1956, ma:+ues$2,000 a year on October 1st in the years 1957 through 1971, and$3,000 on October 1st in the years 19n through 1976. The bonds are being issued to pay for the acquisition of properly in and for the Mattituck park District, DESCRIPTION The Town of Southold is a peninsula to-ceted in the extreme north-eastern p,rt of Suffolk County and is composed of the area on the mainland of .()sg Ina-ai as well as Plurn 'gland and Fishc.:s Island. The Tovrn is located about 9S miles from the New York metropolitan area,. The area can best be classed as sural with farming, fishing, shipbuilding and light industry being the major enterprises, in that order. In the area served by Greenport, the sole.ncorporated Villoge in the Town, there are docks and facilities t available for a deep water port capable of Jrandlar--.0 Targe oc,>nn going vessels, Often, Faropean vesseh- .ave come to Greenport to carry came, main',•'txal prtxtge9 a,: other :,:c p- tz. -various yams of th.. world. It is hope"" that tite port will inerca;se its business ha.he near .*'-.zute du- to time encow:exed vr;inn ships enter and leave New York Harbor. -4- Agriculture, being the main source of income, has been and still is, on a stable basis. The Main Line of the Long Island Rail Road serves the entire Town, with its eastern terminus at Greenport. New York State Route #25 traverses the Town, making available fine motor travel facilities. North Road also traverses the Town, but on the northern side. Ferry service is available from Greenport, on the north fork of Long Island, to Shelter Island via Rt. 114, and to the south fork by another short ferry trip. The Fishers Island area is accessible by ferry from New London, Connecticut; or by air, to the airport on Fishers Island. There are several U. S. Government installations on the Island. Plum Island is the site of the U. S. Government hoof and mouth disease research center. Police protection is provided by the Town in the unincorporated area; and by the Village of Greenport in the incorporated area. Fire protection is provided by volunteer departments and by the Village department. Water is supplied by the North Fork Water Company and the Greenport Village Water Department, The Village also supplies certain adjacent unincorporated areas. Gas and Electric service are available throughout the Town by private suppliers, with the Village planning its own power plant. There are ample tourist and resort facilities in the Town, as well as two park districts, several Town parks, with bathing and boating facilities available, The Orient State Park is located at the eastern most tip of the mainland at Orient Point. There are five public libraries in the Town, including one on Fishers Island. Shopping facilities are available to residents at Greenport, Sn-:thold, Cutchogue, and Mattituck. Bus service is available from Greenport to East Hampton, by way of Riverhead. There are two local newspapers circulatedthroughout the Town, as well as all Long :stand and New York City newspapers. Dated: Greenport, New York NOW,.AN.E, KLIPP December 21, 1956 Supervisor -5- Staple . FORM AC 970 (1951 REV.) Staple Counties Towns Villages Cities under 125,000 DEBT STATEMENT OF TCS' OF -9DU" Z3' In the County of SU , New York �. f { to Comptroller) ' •; ; I�i` '� I do hereby certify that debt statement of the I hove co al�arrd tha c:: lnexed r Town of Southold, prepared as of December 21, 1956 with thy: original thereof filed in the offi'%ce of t'ie ,State COW troller at Alban-, i�ew York on thr; 2nd 19 57 dray oj' January and thraL the a?ne is a true =d torr r t cod: of said T T original g�, and of frit whole th�,reof. j `I'I;STIiDNY ' JITgl,, 1 have he.rc::unto eet my hand and affixed the official this soul of the Stl'ate Comptroller on 7th F day of January 1957 i, D "yor,41ptrolle FoRm AC 970 (1951 REV.) I STATE OF NEW YORK DEPARTMENT Or AUDIT AND CONTROL DIVISION OF MUNICIPAL AFFAIRS This is the official debt statement form prescribed for use by counties, towns and villages, and by cities having less than 125,000 inhabitants according' to the 1950 federal census. J. Raymond McGovern State Comptroller INSTRUCTIONS 1. Date of preparation. The statement must be prepared as of a date not more than thirty days previous to the date of sale of bonds. Local Finance Law, section 109.00. 2. Filin . A debt statement must be filed not more than fifteen days nor less than three days before any municipality sells any bonds which are required to be sold at public sale. The statement must be filed with the State Comptroller. A duplicate copy must be filed with the clerk (or corresponding officer) of the municipality. It is not neces- sary to file a copy in the county clerk's office. Local Finance Law, section 109.00. 3. Fees for copies. Should it be necessary to obtain a copy, certified copy, or exemplified copy, of a debt statement filed with the State Comptroller, see paragraph c of section 141.00 of the Local Finance Law, as added by Chapter 437 of the Laws of 1947, for fee schedule. The statute requires such fees to be prepaid. 4. Average full valuation. In computing "average full valuation" at page 1, use last completed assessment roll and four preceding n ,ls. The law defines a completed assessment roll as one which has b~ereYi "com-, pleted, verified and filed by the assessors. " The words, "For Fiscal , 14"', Year Ending", refer to the year for which taxes have been or will be extended on the assessment roll rather than the year in which the roll was completed. The amounts to be used in Column 1 would be the amounts shown on such rolls as filed after the hearing of grievances, regard- less of subsequent changes. In Column 1, include the assessed`yslu ations of special franchises but exclude the assessed valuations of all exempt properties to the extent they are exempt from general taxation., Full valuation (Col. 3) is determined as follows: Divide the assessed: valuations ( Col. 1) by the equalization rate (Col. 2) last fixed by- the State prior to the completion of the assessment roll. Where' boundary changes have occurred and in the case of newly-created munici a " palities, see section 2.00 (7-a) of the Local Finance Law. FORM AC 970-1 (1951 REV. • AVERAGE FULL VALUATION Computation of Average Full Valuation Based on Last Five Completed Assessment Rolls For 1 (2 ) (3 Line Fiscal Assessed Valuation of State Full Valuation of No. Year Taxable Real Estate Equalization Taxable Real Estate Endin Rate ( Col. 1 = Col. 2) 1 12/31/57 $ 3192$7,676+► 96 .37 $ 84,561,2$9 3.4 2 12/31/56 3090499325* 00 .37 87.02149391 89 3 12/31/53 2995699134' * 71 .37 79091$,499 22 4 3 54 28 694.924 00 .68 42,19139417 65 5 12/31./53 27,7849 274 100 .66 40013590228 47 6 Total of Lines 1 to 5 Inclusive. . . . . . . . . .. . . . . . . . . . . . $ 328975198 ► 37 7 Average Full Valuation (1/5 of total of Column 3) $ 6597509364 87 0 Pwou"t to C*. 824, L. of 1954 Note: See Instruction 4 DEBT LIMIT ( Complete the line below which is applicable to your unit) Counties (except Nassau), cities, towns and 4*602,525.54 villages multiply "average full valuation" by .07 . . .. . . . . $ Nassau county multiply "average full valuation" by .10 . . . . . . . . $ PROPOSED BOND ISSUE The amount of bonds proposed to be sold at public sale on JAw"y" 13 , 19 57, in connection with which this state- 4590W ment is made and filed is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ The amount of bond anticipation notes heretofore issued in anticipation of the sale and issuance of such bonds and 4500W included at "Borrowings" at Item 1 of Inclusions at page 2 is $ The municipality will not sell any bonds or notes at public or private sale between the date as of which this debt statement is prepared and the date of sale above mentioned except as follows: Amount Type of Obligation Date or Approxi- mate Date of Sale (Page 1) Form AC 970-2 (1951 REV.) • • STATEMENT OF TOTAL DEBT At each item below will be found a statutory reference. For example, "135.00( a,l)" means "subdivision 1 of paragraph a of section 135.00 of the Local Finance Law". Reference to such section 135.00( a, 1) in the law will show the statutory meaning of the word "Borrowings". Where a section reference appears below consult such reference in the Local Finance Law. INCLUSIONS Item To be completed by Amount 1. Borrowings. 135.00( a, 1) All municipalities $ 124r%0 00 2. Real Property Liabilities. 135.00( a,2) and 142.00 All municipalities 3. Contract Liabilities. ( a) (Separate according to 135.00( a, 3) ) All municipalities (b) 4. Contract Liabilities: Housing Guarantees; ( a) Subsidies. (Separate according to 135.00( a,4) ) Cities, Towns, Villages (b) 5. State Loans to Certain Housing Authorities. 135.00( a,5) Cities, Towns, Villages 8. Judgments, Claims, Awards and ( a) Determinations. (Separate according to 135.00( a,6) ) All municipalities (b) 7. Indebtedness .Contracted by Certain District Corporations. 135.00( x,7) Cities, Towns, Villages Total Inclusions. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . $ 124#C= O jo TOTAL NET INDEBTEDNESS NET DEBT-CONTRACTING MARGIN Total Inclusions Debt Limit (See above) $ 12 00 (See page 1) $ 4 6M 525 54 LESS: LESS: Total Exclusions Total Net Indebted- (See page 3) Now ness (See left) 1u4 9w 00 Total Net Indebted- Net Debt- ness $ 124 9W 00 Contracting Margin $ 447%625 623 54 PERCENTAGE OF DEBT-CONTRACTING POWER EXHAUSTED Divide "Total Net Indebtedness" (above) by "Debt Limit" (page 1) and enter result here: 2.2% (Page 2) FoRM'A,; 970-3 (1951 REV.) • STATEMENT OF TOTAL DEBT ( Continued) EXCLUSIONS Item To be completed by Amount 1. Tax and Revenue Obligations. 136.00(1) (See note at foot of page) All municipalities $ 2. Water Indebtedness. 136.00(2 ) All municipalities 3. Indebtedness Contracted for Self- All municipalities ( a) Liquidating Projects and Excluded Pursuant to Section 123.00. Cities, Towns, Villages (Separate according to 136.00(3( a), re district corporations(b) 3(b) and 3( c) ) ) Counties, Towns re im- provement districts (c) 4. Bonds for Pensions. 136.00(4) All municipalities 5. Indebtedness of a City for Cities only ( a) Housing. (Separate according to ( b) 136.00(8) ) ( c) ( d) 6. Subsidies or Guarantees by a Town Towns and Villages only ( a) or Village for Housing Purposes. (Separate according to 136.00(9) ) (b) 7. Assets of Sinking Funds. 136.00(10) All municipalities 8. Cash on Hand for Debts. 136.00( 11) All municipalities 9. Appropriations. 136.00( 12) All municipalities 10. School Indebtedness. 136.00( 13) (See note at foot of page) Cities only Total Exclusions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Note re Item 1 above: Do not include in this amount bonds, bond anticipation notes, capital notes, budget notes, or obligations which have been issued for the direct financing of improvements or equipment. Do not include in this amount any tax or revenue obligations, or renewals, which have not been retired within five years after the date the original note was issued. Note re Item 10 above: Include city indebtedness for education purposes, if any, allocated to the city school district by State Comptroller pursuant to section 1 of Chapter 831 of the Laws of 1951. (Page 3) FORM AC 970-+ (1951 REV.) • • SCHEDULE A This schedule contains a statement of the bonds, notes or other obligations of the municipality which have been authorized to be issued but which, in fact, have not been issued. Part 1. The following obligations will be sold at the sale in connection with which this debt statement is filed: Date Type Amount - Object or Purpose for of of to Authorization Obligation Be Sold Which Authorized e 2/56 S.B. $ 45,E Mettituck Perk District Total. . . . . . . . . . . . . . . . . . . . . . . . . is 45t000 Part 2. The following obligations now remain authorized but not issued and will not be sold prior to the sale of the obligations listed in Part 1 above, except as noted below: Date Type Amount Object or Purpose for of of Remaining Which Authorized Authorization Obligation Unissued $ Total. . . . . . . . . . . . . . . . . . . . . . . . . Is The following symbols may be used: Serial Bond—SB; Bond Anticipation Note—BAN; Capital Note—CN; Tax Anticipation Note—TAN; Revenue Anticipation Note—RAN; Budget Note—BN; Certificate of Indebtedness—CI; Sinking Fund Bonds—SFB. (Page 4) F6RM AC 970-5 (1951 REV.) • (This debt statement must be verified by the chief fiscal officer of the munici- pality. In towns, this officer will be the supervisor or presiding supervisor; in villages, the village treasurer. Counties and cities, see definition of the term "chief fiscal officer" in Local Finance Law, section 2.00(5)• If a munici- pality has no chief fiscal officer, then this statement must be verified by the finance board. ) VERIFICATION BY CHIEF FISCAL OFFICER State of New York ) ss: County of &efolk ) N*r=M A• IMR being duly sworn, deposes and says: That _he is the duly (elected) 4. p�t qd,) , qualified, and acting chief fiscal officer of the TMM Of Sou' d in the County of Suffolk , New York; that he prepared and has read the foregoing debt statement and knows the contents thereof; that the same is true to (his) (boo) own knowledge except as to the matters therein stated to be alleged upon information and belief, and that as to those matters he believes it to be true. y� Subscribed and sworn to before me (Sign)��/ - a�t.G this�j1G ` day of 19 SLG (Title) Supezorl gown of "Oq at (Mail Notary Public Address)G ppr L#1 r# lf•Y• �E�ES'c A. 1A, 'PY PUBLIC SrJr Fu.+ `:. .2-7,-,59350 VERIFICATION BY FINANCE BOARD ( Not necessary if verification is made by chief fiscal officer. ) State of New York ) ss: County of ) being each duly sworn, deposes and says: That they are the duly (elected) ( appointed), qualified, and acting members of the finance board of the in the County of , New York; that they prepared and each of them has read the foregoing debt statement and knows the contents thereof; that the same is true of their own knowledge except as to the matters therein stated to be alleged upon infor- mation and belief, and that as to those matters they believe it to be true. Subscribed and sworn to before me this day of , 19— Notary 9—Notary Public (Page 5) DEBT STATEMENT OF i v Filed , 19 JAN 1957 AUviT CX C'JIJ i`CvL � 9US�fiUUF MUNI�Ii AIAffA1K t GOVERNMENTAL STATISTICAL CORPORATION 79 WALL STREET • NEW YORK 5, N. Y. BOWLING GREEN 9.0426 January 10, 1957 Vandewater,Sykes,Heckler ec Galloway 120 Broadway New York, New York Re: $45,000, Town of Southold,T„Y. Gentlemen: Enclosed please find certified copy of the debt statement together with copy of the letter of acknowledgement from the Department of Audit & Control regarding filing and certification of the debt statement. A copy of the letter of acknowledgement is being forwarded to Ralph P. Booth, Town Clerk, and William Wickham,Esguire, for their records. Very truly yours, GO VE SAL SETATILOTICAL CORPORATION Phyllis Nicholson PN Encs. c.c. Ralph Booth,Town Clerk William Wickham,Esq. SOUTHOLD TOWN CLERK'S OFFICE RALPH P. BOOTH, CLZWK REGISTRAR OF VITAL STATISTICS SOUTHOLD. N. Y. Dec. 26, 1956 randewater, Sykes,Heekler do Galloway,Esgs. 120 Broadway New York 5, N.Y. Res Mattituck Park District G'entlemims This is to advise that the deb$ statement of the Town of Southold in the County of Suffolk, New York, prepared as of December 21, 1956, signed by Norman E. Klipp, Supervisor of the Town of Southold, on the 26th day of December, 1956, has this day been filed in my office. Very truly yours RLP P. BOOTH TOWN CLERK STATE, 0" 11147,1V IMRX Sao 001"Ni'ry OF SUFFOLK .Z� T. Super-visor of the Tavn of Soathold, Suf fo Lk County# Yorks 00 'R7'.,7,RXBY OV11TY: Thw-t pursuant to a resolution adopted by tlk* Town Bonrd of the 11�own of 5outhold on the 20th day of November, 1956, 1 duly adv e*rtl%ed for "la t43,000 Xattituck Park District (Serial) Bonds; 1qj6# of said Towns to be dated Octaborl, 19,56, In the Lang Island Traveler - Mat tituok Watolit-w-no a nevs;K�per published in timet *O*Wn of Sou'thzld, Suffolk Countys Now York, on D*cerfber 27, 19560 and d roularized In stocordanoe wit, h the oder of V-,r; �')tl-tm Comptroller relating to the sale of munlalpal bonds, sealed prtrtpozalv� to be "oelved and considered by me at the Offiae of the Superviaor, In Greenports Now Yorks in "wid Towns at 2#900 of clock P.X.0 Easterit Standard Time, on the 8th day of Januaryo 19,57, and that pursuant to such nodes of sales '11;ha folloving bids were received for said bonds, to-wit: NA-Mil-' 2E--glD RATE QF '4MMIM 20 .2-,M IMT R2 First National Bank of Southampton 3. 50 Southampton, L. I. Southold Savings Bank 3. 75 45.016 Southold, L. I. Union Savings Bank of Patchogue 3. 90 45,045 Patchogue, L. 1. Chan. E. Weigold & Co. 3. 90 45, 126 40 Wall Street New York S. New York Tilney & Company 4. 10 4S,036.45 79 Wall Street New York 5, New York Geo. B. Gibbons & Co. , Inc 4. 20 45. 200 20 Pine Street New York 5, New York Edwards & Hanly 4. 25 4S,011. 11 100 North Franklin Street Hempstead, New York Bacon, Stevenson & Co. 4. Z5 45, 131 39 Broadway New York 6, Now York I FURTHER CERTIF that the lowest rete of interest bid for said bonds, atated in a multiple of one-quarter or ane-tenth of one per centum per annum, was 3. 50 per aentus, and that the highest and best bid complying with the terms of sale at such lowest rate of interest was :he bid First National Bank of Southampton, N. Y. • who offered to purchase said bonds at ,said rate of interest and to pays 'therefor par value, accrued interest and a premi= of 4 0. 00 that I thereupon at said time aooepted the bid of the said First National Banrk of Southampton. N.Y. and awarded said $450000 matt ituck Park Distrito ( Serial) Borgia, 1956, bearing; Interest at the rate of 3. 50 per centum per annum, t.-*) the said First National Bank of Southampton, NY at the price aforesaid. IN WITNESS WH:,,ME(?P, I have hereunto officially set my hand and the seal of said Town tlaia 8th day of January, 1957. ervisor (S A L) taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525,54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request, Dated: Greenport, New York NORMAN E. KLIPP December 21, 1956 Supervisor PROPOSAL FOR BONDS Dated: January , 1957 Mr. Norman E, Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mr. Klipp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest,at the rate of Three and one hald per centum ( 3 1/2 %) per annum, and to pay therefor Forty Five Thousand and 001100 TDt11arr, Dollars ($.¢5000 ) and accrued interest at the rate borne by the bonds from-the date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the order of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. The First National Bank of R,,,,t1,m—pt,-U, Southampton, N. Y. /s/ Benjamin B. Sadowski as ier Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check for $900 representing the return of our good faith deposit. STATE Or NEW YORK } COUNTY or surTOLK) I, the VaderstrMd, Cl* rk of the Town at SoudwId. Goin of Suffolk. Now York. 00 H IEE Y CZRTtrY That I have co l4et *0 saiaezed copy of the 'Proposal for Bonds dated January 1997, submittod by tho r1rat National Bonk of Southaumptoa with the original t'lairroot on ffls is my sffico sad that.tbo'tame it a true and correct transcript tbNrr unit and of the wholo of ssid orisiftal. In WITNEW WHILREOr.. I bave hsrsvrato sot My'lid and aftsed rtho seal of said Town *kis day of hauary, 1997. 1� Ts Mork w w STATE OF NEW YORK � S COUNTY OF tFYOLK ) I, the undersigned Supervisor of the Town of Southold, Suffol County, New York, pursuant to power vested in my by resolution dated November 20, 1956, pr ,soribing the details and sale of 45:0CS Kattituck Pare District ( Serial) Bonds, 1956, DO ft lUEBY APPROVE the attached as the fora of the bonds authorized thereby. WITNESS my signature this 21st day of November, 2956. S perits&r An executed counterpart of the foregoing certificate and attached bond form were filed with the Town Board of satd Town of Southold, Suffolk County, New York, this 21st day of November, 195 . T rwn Clerk UNITED STATTS OF AMT30CA STATE OF NEW YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD MATTITUCK PARK DISTRICT ( S IAL} BOND, 1956 No. $1,000 The To'.n of Southold, in the County of Suffolk, a municipal- ity of the State of New York, hereby acknowledges itself indebted and for v.,,;lue received promises to pay to the bearer of this bond or, if it be registered, to the r-Igistered holder, on the, is (lay of Octob-?r, 19 the sum of ONE THOUSAND DOLLARS ( �,1, 000) , and to pay interest on such sum at the rate of per cfrtum ,-er annum, semi-annually on the lst days of April an,,I, October in each year from the data of Vl-iis bon,,1 .ntil it m,,,torpp, virnn preeen- tation and eurrender, as they several-1y mature, of the coupons therefor annexed hereto, or, If tl3ls bond be registered, to the regi<'tared holder. Both princloal of and Interest on this bond wAl be p.-' Id in laf�ful money of the United States of America t the First National Bank of Green T,)ort) in Greenport, New York. This bond r,--y be converted into a registered bond in accord- ance the -orovirions of the Local Finance Law. This bond is one of an authorized Ensue, the aggregate prin- cinal amount of which Is .I-5, 00--t the bonds of ,,hicn are. of like date and tenor, except as "U*o number ani date of matu�rity, and are IsEtued for the rurpo-e =of,-, ying -;!,rt of the cost of the acquisi- tion of cert(iin renal pro,*erty in and for the Mattituok Park District in aald To, n, pursuant to s,. re«lolut'.Ion entitled: "BOND RESOLIU111ION J)ATED JUNT-7 12, 1956. A RESOLUTION AUTHORIZING THTI4'"UANCE OF 45, 000 SERIAL BONDS OF; THE TOWN OF S ;-TTH(3LJ-), SUFFOLK ')UNTY, NEW YORK TO P.AY A PART OF THE COOT OF THE AC,_-,UISYTION OF CERTAIN RFAL PROPERTY IN AU'D FOR ME MATTITUCK PARK DISTRICT TN SAID TOWN. *# , -Duly adopted by thp,,Board of such Too of Southold on the 12th d:11y of June, lq;;6, and pursuant to other proceedings of the Town Board of such 1.7o,,,7 duly h,.-,,d and taken in all aspects aut,--lorizing the same, including to further resolution do ted November 20, 1956, providing for the details and sale of such bonds. The faith and credit of such Town of Southold, New York, are here- by Irrevocably pledged for the rur_ctual payment of the principal of an , interest on this bond acoorr9.3 ng to its terms. It is hereby certified, recited and declared that all acts, con,litinn^ n,' V, n s required by the Constitution and statutes of the Sta.tp of New York to exist, to have h.-nnened and to have been performed -precedent to anc� In the issuance of this bond, exist, havc P, ,,-en p?"xormed; and that the issue of bunds of 'h.ich this Is one, together with all other indebtedness of such Town of Southold is within every debt and other limit prescribed by the Constitution and lav%7s of the State of New York. IN WITNTI-19 WHE-REOF, the Town of Southold, Suffolk County, New York, 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 the interer---t coupons hereto attached to be authenticated by the fa.c sir 'l.le signature of its Supervisor, and this bond to be dated a of the lst dzz. y of October, 1956. TOWN OF SOUTHO�I, SUF=FOLK COUNTY, NEW YGRX ATTEST: By ..........,.�.. ''+''ervist9Z' rwil Clerk, (FORM OF' COUPON) No. April On the lst day of October, 19 �, the Town of Southold, in the County of 9':uffolk, a municip<= lity of the State of New York, will pay to the bearer the sum of DOLLARS ( } In lawful money of the United St; tes of America attli- T,O sr < Or aee;ewiQce,-, in C/L'.` �11i'O+t' New York, being sl.x months' interest then due on its MATTITUCK PARK DISTRICT (SERIAL) BOND, 1956, dated Ocstoberl, 1956, and bearing number Supervisor CONVERSION CERTIFICATE I hereby certify th<.t urion the rresentation of the within bond with a written request by the holder thereof for Its conver- sinn Into a bond registered as to both princir,,, I _1nd Interest* I have; this day out off and destroyed _-- coupons attached thereto, of the amount", and value of DollWo ( 111; j each, beInR all the coupons for interest on the within bond. p y.,able after the, date of this certifloaLtmiand thattheInter— est at t'-_e rate and on the dates stated in the within bond. and as was provided by the coupons, as well as the principelt J1 to be paid to the registered holder, his leFal or transferees at t1,e place stated in the , Ithin bnnc'� and aswPs statedin the coupons. This bond s.a,-:illl herepftr� be- transferable nmly upon presentation of the same with a written tm.-nsfer of title. Stich transfer shall be dated and sif.,ne� by the reglatered holder, or hip legal reprasentatives, and it Whall be ACU"LY aZ' W-f- M ledged- or -roved, or in the. alternative the signature thereto shalL be: certified as to an cif icer of a b,,,).nk or trust cornany located and authorized to do busines,-1 in this state. 19 R PEGISTRATION CEPIRTIFICAU 0 It Is hereby certifl.ed that the within bond has been register- U T4s follo s Date of .Umistratlon- -Name 2f Regiel"r, d Holder Rggietered VANDEWATER, SYKES, HEOR & GALLOWAY • Attorneys and Counsellors at Law 120 Broadway New York 5 #tgttaturr Tuttfirate We, the undersigned, do hereby certify: That we are the officers of the Town of Southold, Suffolk County, New York, indicated by the official title set opposite our respective signatures to this certificate. That we did officially sign $ 45s000 Mattituck Park District (Serial) Bonds,1956 4 hondrof said Town, denomination $ 1,000 each, dated October 1st , 19 56, interest 3.50 per centum per annum, payable semi-annually April 1 and October I , said bonds being numbered and payable as follows: Numbered from 1 to 45, both inclusive, and maturing in numerical order in the amount of $2,000 on October I in each of the years 1957 to 1971, both inclusive, and $3,000 on October 1 in each of the years 1972 to 19760 both inclusive. That no litigation of any nature is now pending or threatened restraining or enjoining the issuance and delivery of said bonds or the levy and collection of taxes to pay the principal and interest, nor in any manner questioning the proceedings and authority under which the same is made or affecting the validity of the bonds thereunder. That neither the corporate existence or boundaries nor the title of the present officers to their respective offices is being contested. That no authority or proceedings for the issuance of said bonds have been repealed, revoked or rescinded. That the fac-simile signature of its Supervisor is p=pon the coupons of said bonds and the corporate seal of the said Town of Southold is impressed on all of said bonds. That on the date of the signing of said bonds and on the date of this certificate, we were and, are the duly chosen, qualified and acting officers indicated therein and on this certificate and duly authorized to execute the same. That the date of the first Bond Anticipation Note issued in anticipation of the sale of such bonds was August 2, 1956. Please Witness our official signature this Insert day of Jn nii,',r'V ' 19 57 Date Signature Official Title Term of office expires Supervisor paMewbs * 310—l5' Town Clerk r1anamber 31 , '1937 I hereby certify that the signatures of the officers above] subscribed are true and genuine. LU- ..Y:,F.......... .........---_Cashier Fir. :t.__db.allann.lof Gn ennort , GNeennort, d. Y. Form 2a 5M 11-54 B.&Co. VANDEWATER, SYKES, HEAR & GALLOWAY Attorneys and Counsellors at Law 120 Broadway New York S �Rrmiat I, the undersigned, the duly chosen, qualified and acting Tress trerj* supervisor of the Tom of Southold, ftffolk Counter, Now York, do hereby certify that on the date last below mentioned (being the date of the actual delivery of the following described bonds to the purchaser) I received from first stational Bardt of $outha ton, in Southampton, New York, the purchase price of $ 45,003 Hattituck Park Districtlolls-of (Serial) Bondev 1956 of said Town, denomination $ 1,1000 each, dated October 1 , 19 54 interest 3.50 per centum per annum, payable demi—annually April 1 and October 1. said bonds being numbered and payable as follows: Nuaebereld fresat l to 45, both incIusivos, and maturing In numarical ovdeer In the aunt of $2,,000 on October 1 in each of the years 1957 to 2971, both incplusi os and *3,W on October 1 in each of the years 19T2 to 1976, both inctlusive,. Said sum thus received by me being as follows: Principal (par value), $ 45to o.00 Premium, $ 0.00 Accrued interest from October let, 1956, to JaXi>O aVY 31st 19 5T, (the date of the actual delivery of said bonds), $ 529 ,36 $ 45# *38 Less good faith deposit, $ 9M00 Net Total, $ "s 529.33 Coupons maturing April haat , 19 5T and all sub- sequent coupons were attached to said bonds at the time of delivery. Covpme—maotri"g 19 ,_and,,uxi+or.�.�uer�.deta�sd.#s�cx�.caid�. b�luls.aud.ranc�lled..he, a�e.she.deliv�ery cif.�saiii.hwsauds_ That the "to of the first Bond Anticipation pots Issued in anticipation of the sales of such bonds Was M"V&t"t � actual delivery of said bonds to the purchaser, the officials who signed said bonds and_the signature certificate accompanying this receipt, were the duly chosen, qualified and acting officers indicated therein, and that no litigation is pending affecting the validity of said bonds. <: Supervisor T,xea�ror. Form 3a SM 11.54 B.&Co. 4%aple • - • . Staple- FORM AC 970 (1951 REV.) Counties Towns Villages Cities under 125.000 DEBT STATEMENT , OF TOWN OF SOUTHOLD In the County of SUFFOLK New York PREPARED AS OF August 1 19 56 FoRm AC 970 (1951 REV.) STATE OF NEW YORK DEPARTMENT Or AUDIT AND CONTROL DIVISION OF MUNICIPAL AFFAIRS This is the official debt statement form prescribed for use by counties, towns and villages, and by cities having less than 125,000 inhabitants according to the 1950 federal census. J. Raymond McGovern State Comptroller INSTRUCTIONS 1. Date of preparation. The statement must be prepared as of a date not more than thirty days previous to the date of sale of bonds. Local Finance Law, section 109.00. 2. Filin . A debt statement must be filed not more than fifteen days nor less than three days before any municipality sells any bonds which are required to be sold at public sale. The statement must be filed with the State Comptroller. A duplicate copy must be filed with the clerk (or corresponding officer) of the municipality. It is not neces- sary to file a copy in the county clerk' s office. Local Finance Law, section 109.00. 3. Fees for copies. Should it be necessary to obtain a copy, certified copy, or exemplified copy, of a debt statement filed with the State Comptroller, see paragraph c of section 141.00 of the Local Finance Law, as added by Chapter 437 of the Laws of 1947, for fee schedule. The statute requires such fees to be prepaid. 4. Average full valuation. In computing "average full valuation" at page 1, use last completed assessment roll and four preceding rolls. The law defines a completed assessment roll as one which has been "com- pleted, verified and filed by the assessors. " The words, "For Fiscal Year Ending", refer to the year for which taxes have been or will be extended on the assessment roll rather than the year in which the roll was completed. The amounts to be used in Column 1 would be the amounts shown on such rolls as filed after the hearing of grievances, regard- less of subsequent changes. In Column 1, include the assessed valu- ations of special franchises but exclude the assessed valuations of all exempt properties to the extent they are exempt from general taxation. Full valuation (Col. 3) is determined as follows: Divide the assessed valuations (Col. 1) by the equalization rate (Col. 2) last fixed by the State prior to the completion of the assessment roll. Where boundary changes have occurred and in the case of newly-created munici- palities, see section 2.00 (7-a) of the Local Finance Law. FOR4 AC 970-1 (1951 REV, ) • ' AVERAGE FULL VALUATION Computation of Average Full Valuation Based on Last Five Completed Assessment Rolls For 1 (2) (3 Line Fiscal Assessed Valuation of State Full Valuation of No. Year Taxable Real Estate Equalization Taxable Real Estate Ending Rate (Col. 1 _ Col. 2) 1 1 1955 $ 30, 511, 020. . 37 $ 82, 462, 216. 2 1954 29, 962, 881. . 37 80, 980, 759. 3 1953 29, 034, 669. . 68 42, 698, 042. 4 1952 1 28, 069, 619. . 68 41, 131, 822. 5 1951 1 27 229, 827. . 68 40, 043, 863. 6 Total of Lines 1 to 5 Inclusive. . . . . . . . . .. . . . . . . . . . . . $ 287; 316, 702. 7 Average Full Valuation (1/5 of total of Column 3) 57, 463, 340. Note: See Instruction 4 DEBT LIMIT ( Complete the line below which is applicable to your unit) Counties (except Nassau) , cities, towns and villages multiply "average full valuation" by .07 . . .. . . . . $ 4, 022, 433. Nassau county multiply "average full valuation" by . 10 . . . . . . . . $ PROPOSED BOND ISSUE The amount of bonds proposed to be sold at public sale on , 19 , in connection with which this state- ment is made and filed is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ The amount of bond anticipation notes heretofore issued in anticipation of the sale and issuance of such bonds and included at "Borrowings" at Item 1 of Inclusions at page 2 is $ None The municipality will not sell any bonds or notes at public or private sale between the date as of which this debt statement is prepared and the date of sale above mentioned except as follows: Amount Type of Obligation Date or Approxi- mate Date of Sale NONE (Page 1) Folin AC 970-2 (1951 REV.) • STATEMENT OF TOTAL DEBT At each item below will be found a statutory reference. For example, "135.00( a,l)" means "subdivision 1 of paragraph a of section 135.00 of the Local Finance Law". Reference to such section 135.00( a,1) in the law will show the statutory meaning of the word "Borrowings". Where a section reference appears below consult such reference in the Local Finance Law. INCLUSIONS ' Item To be completed by Amount 1. Borrowings. 135.00( a, l) All municipalities $ None 2. Real Property Liabilities. 135.00( a,2) and 142.00 All municipalities None 3. Contract Liabilities. SB - Highway (b) (X) (Separate according to BN- Public Welfare Da) 135.00( a, 3) ) All municipalities (k) 5, 000. 4. Contract Liabilities: Housing Guarantees; ( a) None Subsidies. (Separate according to 135.00( a,4) ) Cities, Towns, Villages (b) Llnnp- 5. State Loans to Certain Housing Authorities. None 135.00( a,5) Cities, Towns, Villages 6. Judgments, Claims, Awards and ( a) None Determinations. (Separate according to 135.00(a,6) ) All municipalities (b) None 7. Indebtedness Contracted SB - Mattituck Park Dist. 4P000. by Certain District SB - Fishers Island Ferry 50, 000. Corporations. 135.00( a,7) Cities, Towns, Villages Dist Total Inclusions.. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . $ 76, 000. TOTAL NET INDEBTEDNESS NET DEBT-CONTRACTING MARGIN Total Inclusions Debt Limit (See above) $ 76, 000. (See page 1) $4, 022, 433. LESS: LESS: Total Exclusions None Total Net Indebted- 76, 000. (See page 3) ness (See left) Total Net Indebted- Net Debt- ness $ 76, 000. Contracting Margin $4, 005, 433. PERCENTAGE OF DEBT-CONTRACTING POWER EXHAUSTED Divide "Total Net Indebtedness" (above) by "Debt Limit" (page 1) and enter result here: . 018 (Page 2) FORM AC 970-3 (1951 REV.) • • STATEMENT OF TOTAL DEBT (Continued) EXCLUSIONS Item To be completed by Amount 1. Tax and Revenue Obligations. 136.00(1) (See note at foot of page) All municipalities $ 2. Water Indebtedness. 136.00(2 ) All municipalities 3. Indebtedness Contracted for Self- All municipalities ( a) Liquidating Projects and Excluded Pursuant to Section 123.00. Cities, Towns, Villages (Separate according to 136.00(3( a), re district corporations(b) 3( b) and 3( c) ) ) Counties, Towns re im- provement districts (c) 4. Bonds for Pensions. 136.00(4) All municipalities 5. Indebtedness of a City for Cities only ( a) Housing. (Separate according to (b) 136.00(8) ) ( c) ( d) 6. Subsidies or Guarantees by a Town Towns and Villages only ( a) or Village for Housing Purposes. (Separate according to 136.00(9) ) (b) 7. Assets of Sinking Funds. 136.00(10) All municipalities 8. Cash on Hand for Debts. 136.00( 11) All municipalities 9. Appropriations. 136.00( 12) All municipalities 10. School Indebtedness. 136. 00(13) (See note at foot of page) Cities only Total Exclusions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ NONE Note re Item 1 above: Do not include in this amount bonds, bond anticipation notes, capital notes, budget notes, or obligations which have been issued for the direct financing of improvements or equipment. Do not include in this amount any tax or revenue obligations, or renewals, which have not been retired within five years after the date the original note was issued. Note re Item 10 above: Include city indebtedness for education purposes, if any, allocated to the city school district by State Comptroller pursuant to section 1 of Chapter 831 of the Laws of 1951. (Page 3) FORM AC'970-4 (1951 Rev.) . • SCHED(i',E 9 This schedule contains a statement of the bonds, notes or other obligations of the municipality which have been authorized to be issued but which, in fact, have not been issued. Part 1. The following obligations will be sold at the sale in connection with which this debt statement is filed: Date Type Amount of of to - Object or Purpose for Authorization Obligation Be Sold Which Authorized June 12, 1956 BAN $ 45, 000. Anticipation of bond issue for acquisition of real property. Total. . . . . . . . . . . . . . . . . . . . . . . . . $ 45, 000. Part 2. The following obligations now remain authorized but not issued and will not be sold prior to the sale of the obligations listed in Part 1 above, except as noted below: Date Type Amount of of Remaining Object or Purpose for Authorization Obligation Unissued Which Authorized SB $ 45, 000. Purchase of real property. Total. . . . . . . . . . . .. . . . . . . . . . is 45, 000. The following symbols may be used: Serial Bond—SB; Bond Anticipation Note—BAN; Capital Note—CN; Tax Anticipation Note—TAN; Revenue Anticipation Note—RAN; Budget Note—BN; Certificate of Indebtedness—CI; Sinking Fund Bonds—SFB. (Page 4) FORM AC 970-5(1951 REV.) (This debt statement must be verified by the chief fiscal officer of the munici- pality. In towns, this officer will be the supervisor or presiding supervisor; in villages, the village treasurer. Counties and cities, see definition of the term "chief fiscal officer" in Local Finance Law, section 2.00(5)• If a munici- pality has no chief fiscal officer, then this statement must be verified by the finance board. ) VERIFICATION BY CHIEF FISCAL OFFICER State of New York ) ss: County of Suffolk ) Norman E. Klipp being duly sworn, deposes and says: That —he is the duly (elected) (xppWCWW), qualified, and acting chief fiscal officer of the Town of Southold in the County of Suffolk , New York; that he prepared and has read the foregoing debt statement and knows the contents thereof; that the same is true to (his) (her) own knowledge except as to the matters therein stated to be alleged upon information and belief, and that as to those matters he believes it to be true. �,���.� �4 r Subscribed and sworn to before me (Sign) _ ?-404 thisISt day of August 19 (Title) Supervisor , Town of Southold ,&,12Lc.�,� 16 South Street (Mail Greenport, New York Notary Public Address) T -F A. UPD�, .Y Fus"c %OL°7T N. Y r�.30 VERIFICATION BY FINANCE BOARD ( Not necessary if verification is made by chief fiscal officer. ) State of New York ) ss: County of ) being each duly sworn, deposes and says: That they are the duly (elected) ( appointed), qualified, and acting members of the finance board of the in the County of , New York; that they prepared and each of them has read the foregoing debt statement and knows the contents thereof; that the same is true of their own knowledge except as to the matters therein stated to be alleged upon infor- mation and belief, and that as to those matters they believe it to be true. Subscribed and sworn to before me this day of 19. Notary Public (Page 5) DEBT STATEMENT OF • Filed , 19 To NORTHERN BANK NOTE COMPANY 833 N. ORLEANS ST., CHICAGO 10, ILLINOIS SCHEDULE OF SERIAL MATURITIES DATE Jamary 2, 1957 ORDER No. 8665 TITLE T1,711 <" F C.°'"'�¢":,e m7, Suffolk County, •4'ew Y,,)rk DESCRIPTION OF ISSUE iVattltuak Park Distriot C.*erlal) ,10,a t, 1956 DATED Oct+ob*r 1, 1956 QUANTITY 43 DENOMINATION COUPON NO. 1 PAYABLE April 1, 1957 BALANCE PAYABLE Oc to bsr 1 ! i4;xll 1 Overs Quantity Numbers Series Payable N°;j°r Coupon Serial Nos. Interest Coupon Coupons Rate Amounts 2 1 To 2 October 1 1957 2 1 TO 2 2 1 3 To 4 " 1958 41 1 To 4 2 5 To 6 1959 6 1 To 6 2 7 To a " 1960 9 1 To 8 2 9 To 10 `" 4 1961 101 1 To 10 2 11 To 12 " 1962 12 1 To 12 2 13 To 14 a 1963 14 1 To 14 2 1,5 To 16 1964 16 1 To 16 2 :t7 To 18 0 196" 18 1 To 18 2 19 To 20 0 " 1966. 20 1 To 20 2 21 To 22 1967 2.2 1 To 22 2 23 To 24 w 1968 24 1 To 24 2 2$ To 26 '" 1969 26 1 To 26 2 27 To 28 a `" 1970 28 1 To 28 2 29 To 30 M 1971 30 1 To 30 3 31 To 33 1972 32 1 TO 32 3 34 To 36 " ,� 1973 34 1 To 34 3 37 To 39 " 1974 36 1 To 36 3 40 To 42 1973 38 1 To 38 3 43 To 43 " 1976 40 1 To 40 To To TO a:awua '+'� To To gWIR 09AT To To To NUMBER $1L® ® ® 1111000 NUMBER UNITED STATES OF AMERICA UNITED STATES OF AMERICA STATE OF NEW YORK STATE OF NEW YORK COUNTY OF SUFFOLK COUNTY OF SUFFOLK TOWN OF TOWN OF SOUTHOLD SOUTHOLD MATTITUCK PARK DISTRICT (SERIAL) BOND, 1956 $ 1 0 0 The Town of Southold, in the County of Suffolk, a municipality of the State of New York, hereby acknowledges itself indebted and for value received promises to pay to the bearer of this bond or, if it be registered, to the registered holder, on the IST DAY OF OCTOBER, 1957, the sum of ONE THOUSAND DOLLARS ($ 1000) % and to pay interest on such sum at the rate of duly adopted .by the Town Board of such Town of MATTITUCK per centum ( %) per Southold on the 12th day of June, 1956, and pur- PARK DISTRICT annum, semi-annually on the 1st days of April and suant to other proceedings of the Town Board of (SERIAL) BOND, 1956 October in each year from the date of this bond such Town duly had and taken in all respects until it matures, upon presentation and surrender, authorizing the same, including a further resolution as they severally mature, of the coupons therefor dated November 20, 1956, providing for the details annexed hereto,or,if this bond be registered,to the and sale of such bonds. DATED OCTOBER 1, 1956 registered holder. Both principal of and interest on The faith and credit of such Town of Southold, DUE OCTOBER 1, 1957 this bond will be paid in lawful money of the United New York, are hereby irrevocably pledged for the States of America at the First National Bank of Greenpoxl, in Greenport, New York. punctual payment of the principal of and interest on this bond according to its terms. Interest payable This boncr�igiay be converted into a registered April 1 and October 1 bond in accordance ith the provisions of the Local It is hereby certified,recited and declared that all Finance Law. acts,conditions and things required by the Constitu- tion and statutes of the State of New York to exist, This bond is one of a authorized issue, the ag- to have happened and to have been performed pre- Principal and Interest gregate principal amount which is $45,000, the cedent to and in the issuance of this bond, exist, payable at the bonds of which are of like dat4,Id tenor, except have happened and have been performed,and that as to number and date of maturity,'_iEnd are issued the issue of bonds of which this is one,together with FIRST NATIONAL BANK for the purpose of paying part of the rust of the all other indebtedness of such Town of Southold is OF GREENPORT acquisition of certain real property in and for the within every debt and other limit prescribed by the GREENPORT, NEW YORK Mattituck Park District in said Town, pursuant to a Constitution and laws of the State of New York. resolution entitled: "BOND RESOLUTION DATED JUNE 12, 1956. IN WITNESS WHEREOF, the Town of Southold, SUBMITTED A RESOLUTION AUTHORIZING THE ISSUANCE Suffolk Cotinty, New York, has caused this bond OF $45,000 SERIAL BONDS OF THE TOWN OF to be signod by its Supervisor and its corporate JAN 3 1957 SOUTHOLD, SUFFOLK COUNTY, NEW YORK seal to be hereunto affixed and attested by its Town B Y TO PAY A PART OF THE COST OF THE AC- Clerk and the interest coupons hereto attached to QUISITION OF CERTAIN REAL PROPERTY IN be authenticated by the facsimile signature of its NORTHERNBANKNOTE COMPANY AND FOR THE MATTITUCK PARK DISTRICT IN Supervisor, and this band to be dated as of the 1st 933 NORTH ORLEANS STREET SAID TOWN.", day of October, 1956. CHICAGO 10,ILLINOIS TEL. DELAWARE 7-4000 ATTEST: TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK PROOF APPROVED • B 09!11,11 Ell, STKEc, FEIKLt;6 & i AT --------------•---...............................-----.........• By ......-----------....................................................... Y Town Clerk Supervisor DAT E CONVERSION CERTIFICATE 9 f 1 hereby certify that upon the presentation of the within bond with a well as the principal, is to be paid to the registered holder, his legal a written request by the holder thereof for its conversion into a bond representatives,successors or transferees at the place stated in the within = o registered as to both principal and interest, I have this day cut off and bond and as was stated in the coupons. This bond shall hereafter be �+-Z w destroyed................coupons attached thereto,of the amount and value of transferable only upon presentation of the same with a written transfer X A o o 100 Dollars ( of title.Such transfer shall be dated and signed by the registered holder, o s T o or his legal representatives,and it shall be duly acknowledged or proved, each,being all the coupons for interest on the within bond payable after or in the alternative the signature thereto shall be certified as to its v z g the date of this certificate, and that the interest at the rate and on the genuineness by an officer of a bank or trust company located and author- H _, dates stated in the within bond and as was provided by the coupons, as ized to do business in this state. Z+ 0.s O n 0 N E 0 T. 2 0 es Dated: ......... 19......... I� �N Town Clerk w x F_ m o °n. Z a.o=n C p a 0 a e � ►'a c REGISTRATION CERTIFICATE N a„M" It is hereby certified that the within bond has been registered as follows: =c - d o Z' A N ~ DATE OF REGISTRATION NAME OF REGISTERED HOLDER REGISTERED BY c m D 0 0 Z 0 wax yr<m 0 ,t Form A.C.269.4.20.55-20M(531-12) - COPY STATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL ALBANY J&MWIT 79 l"7 44MW TO* *IINf 'J`o Attt raa. tri] s et�lawaa Res 'yrs of 3 soja 4 to IUdp Mejot 'of y0qr letttaur at p 39St�, o ►a► tis debt st0s asst At the Owe totfaa, as . �a�, �1„ 19 6. wicift , •taa tt a fita� f► ttfr �it.saa 4r1t3k%t0r o�i►toseW haus beta **rUfted acrd is k~U xre . TOW � fat.. ► t of $1, est thefie for suah ee�t�3:�"iaaaUM :ass also bre rte . , purpoftt to a ""lot, at are s"loijing " M r�b" sopies at We letter. UTM Un" stats oosptaran r BY 00"",L ,Jaalabr lea►. , Cuef Mttnicaipal "0"sat"t Report of ESSENTIAL ECONOMIC AND FISCAL FACTS ' Concerning THE TOWN OF SOUTHOLD* SUFFOLK COUNTY, NEW YORK Relative to Current Offering of $45, 000 MATTITUCK PARK DISTRICT (SERIAL) BONDS, 1956 APPROVING OPINION MESSRS. VANDEWATER, SYKES, HECKLER & GALLOWAY NEW YORK MATTITUCK PARK DISTRICT COUNSEL WILLIAM WICKHAM, ESQ. MATTITUCK, L. I. , N. Y. s STATISTICS PREPARED & DISTRIBUTED BY GOVERNMENTAL STATISTICAL CORPORATION NEW YORK REPORT OF ESSENTIAL FACTS CONCERNING TOWN OF SOUTH©LDL St1FFOLK COUNTY, NEW YUI?K _TRE_NDS: For the last five preceding fiscal years ending December 31st: 1 1951 1952 1953 1954 1955 Tcwn Bonded Debt $ 3,000.00 $ None $ None $ None $ None Special District Bonds 102,000.00 90,000.00 78#000.00 66,000.00 54,000.00 Less Deductible Items ' Net Bonded Debt 105,000.00 90,,000.00 78,000.00 66,000.00 54,,.000.00 ,Curet!-, Expenses General Town 216,826.41 278,752,15 291,202.22 200,580.26 238,937.99 Welfare 25,734.75 26,002.92 31,515.97 - Health 818.75 817.67 998.29 1,018.96 999.96 Highway 167,788.68 175,057.G2 1.71,234.36 174,317.91 206,9135.21 Other Town Disbursements* 532,988.78 620,892.82 439,066.91 1, 156, 137.14 800, 567,GO Gross Expense 944, 157.37 1,101,523.18 934,017.75 1,532,054.27 1,247,490.76 Special District Expenses 240,714.55 219,719.12 250,861.11 282_593.61 270, 173.85 Assessed Valuation of Real Estate Taxable by the ' Issuer 26,437,176.00 26,995,002.00 27,784,274.00 28,6949 924.00 290 569,844.71** New York State Equalization 37% Rate 6896 68% 6896 68% Full Valuation of Taxable Real Property 38,878,200.00 39,698,532.35 40,859,226.47 42,198,417.65 79,918,499.22 Rec._- eiptst General Town(1) 123,668.51 149,442.97 171,324,74 201,062.43 244+289.67 Welfare (2) 26,891.42 30,320.86 27,148.50 Highway (3) 183,722.37 169,174,84 168,777.38 197,984.75 201,359.56 Other Town Receipts* 661,384.98 741',598.34 709,264.86 1,035,848.27 801,441.11 TOTAL 995,667.28 1,090,537.01 1L.076 515.48 1,434,895.45 1L247.090„34 Special District Receipts 231,937.09 238,899.01 277,980.13 285,202.02 307,638.15 (1) Includes Tax on Property 54,907.70 76,104.69 93,414.50 121,973.90 146,512,95 Per Capita State Aid 41,200.34 41,661.01 41,293.60 41,293,60 41,293.60 Other State Aid 531.98 10,M,79 12,341.04 26,373.63 32,083.98 f (2) Includes • Tax on Property 7,000.00 •*** 10,190.00 N.Y. State Horne Relief 15,197.86 17,947.46 16,44G.55 - (3) Includes Tax on Property 156,500.00 156,000.00 161,000.00 166,389,27 191,195.00 State Aid 4,688.25 4,688.25 4,688.25 4,688.25 4,688.25 SINKING OR RESERVE FUNDS........NONE * Includes School Tax Hand **Pursuant to Chapter 824, Laws of 1954. *** Financed by$10,000,00 Budget Note Note-Expenses shown above include debt service on $7,000 of Ge neraI,Townbonds in the year 1951 F,debt service on $3,000 of General Town bonds in 1952. •2- $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BC)NDS, 1956 NOTICE OF SALE .................. Sealed proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 19570 at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial) Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October 1 in each of the years 1957 to 1971,both inclusive, and $3,000 on October 1 in each of the years 1972 to 1976, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April 1 and October 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank of Greenport, in Greenport, New York. Bonds will be in bearer form with coupons attached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. The State Constitution requires the Town to pledge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sum shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum per annum, without reference to premium, provided, however, that if two or more bidders offer*to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premliun. The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside 112roposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for$900 as a good faith deposit to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds, and in such case, the deposit accompanying his'bid will be returned. Said bonds will be delivered at New York, New York,-or at such other place as may be agreed with the purchaser about January 30, 1957. The approving opinion of Messrs. Vandewater, Sykes, Heckler 6 Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affecting the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632. The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described,preparedva of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525.54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request. Dated: Greenport, New York NORMAN E.E. KLIPP December 21, 1956 Supervisor PROPOSAL FOR BONDS Dated: January , 1957 Mr. Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mr. Klipp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest at the rate of per centum ( ��) per annum, and to pay therefor _ Dollars ($ ) and accrued interest at the rate borne by the bonds from-the date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the order of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Daied: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check fer $900 representing the return of our good faith depositA $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BONDS, 1956 NOTICE OF SALE ------------------- Sealed proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 19570 at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial)Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October 1 in each of the years 1957 to 1971,both inclusive, and $3,000 on October 1 in each of the years 1972 to 1976, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April 1 and October 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank of Greenport, in Greenport, New York. Bonds will be in bearer form with coupons attached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. The State Constitution requires the Town to pledge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sum shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum per annum, without reference to premium, provided,, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premium, The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside 112roposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for $900 as a good faith deposit to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds, and in such case, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York, New York,,or at such other place as may be agreed with the purchaser about January 30, 1957. The approving opinion of Messrs. Vandewater, Sykes, Heckler 6 Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affectin-the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632. The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described, prepared as of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525.54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request. Dated: Greenport, New York NOn,1AN E. KL1PP December 21, 1956 Supervisor PROPOSAL FOR BONDS Dateds January , 1957 Mr. Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mr. Kiipp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest at the rate of per centum ( g6) per annum, and to pay therefor Dollars ($ ) and accrued interest at the rate borne by the bonds from-the date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the crder of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check fur $900 representing the return of our good faith deposit. For Fiscal Years Ending December 31st 1957 Tax Rate per M 1953 1954 1955 1956 Town-Outside of Incorporated 18.15 $ 19.12 $ 16.32 •. $ 19.37 Area $ 18.37 $ Incorporated Village (Greenport) 16.12 15.79 16.13 13.24 16.09 Orient Mosquito District(No ig�92 18.83 County Mosquito Charge) 17.78 17.56 18.52 Tax Collection Record as of May 31stl Total Tax Levy* 41,992,,506.98$1,399,828.29$1,563,605.58 $1,561,717.45 $1,789,107,98 Amount to Town Supervisor 957,285,S4 1,074,657.33 1,241,421.81 . 1,325,114.67 1,442,891.74 Amount to County Treasurer 315,290.61 301,756.54 295,813.67 205,671.21 346,216.24 Uncollected 20,010.83 23,493.38 26,370.10 30,931.57 XXX Percent uncollected when due 1.55 1.68 1.69 1.98 XXX * includes School; State, County and Town; and Special Districts. 1956 Assessed Valuations******so•.9•..9$30,049,325.00 (1) N. Y. State Equalization Rate 1.a 616.9.9 37% 1956 Full Valuation 9 9 9 4•e 6 91.19 9 919.9• $81,214,391.89 1957 Assessed Valuation 6 9 e.•9 e 9.9..1.. $31,287,676.98 (1) No Y. State Equalization Rate .....11.9 37% 1957 Full Valuation••.see***•9....1.91 $84,5611289.14 (1) pursuant to Chapter 824 of the Laws of 1954, which Chapter partially exempts from taxation properties of the Long Island Rail Road in accordance with the redevelopment program of the Rail Road. STATEMENT OF DEBT LIMIT INDEBTEDNESS AND NET DEBT-CONTRACTING MARGIN AS OF December 21 1956 Average Full Valuation of Taxable Real Property. •9................... $65,750,364.87 750364.87 Debt limit.....7% thereof.........•.......•9•....1.•...•..........................•... $ 4,602,525.S4 Indebtedness: Outstanding bonds...... "" $59,000 000 , Bond Anticipation Notes* ...............•..e•••••••• , . 00 Capital Notes............................6eo••••••' 18900 Budget Notes .see..6...6.646.6.646..,.•....e....664 None Exclusions........•.............e6••••••+4.44••• 124 900.00 Total Net Indebtedness ...........•..........................�......................... $$ - 554 --' Net Debt-Contracting Margin..9...........��.. .................9...1...........e•.•... ,` -- * To be funded by this issue, The net debt-contracting margin of the issuer is$4,477,625,54 as shown on a debt statement, prepared as of December 21, 1956, and filed pursuant to Section 109.00 of the Local Finance Law. O'rjJER INFURMATIUN The statutory authority for the ipower tis the Town Lawor andhe object or Finance Law.or to accomplish the object or purpose for which the bonds are to be , The procedure for the validation of bonds provided in Title 6 of Article 2 of the Local Finance Law is being complied with. Tax payments are d-ie in Dec-mber a-tch year Taxes may be paid up to ;anuary 10th without penalty. After January 10`.;,, penalty -)f one p^r cent per month is added until the end of hia.y, at which time the tax rolls are returned to the County Treasurer. -3- Tax Sales are held annually by the County of Suffolk. There is no district corporation, as such term is defined in the Local Finance Law, Section 102.00 (a), ' situated in the unincorporated areas of the Town. No principal or interest upon any obligation of this Town is past due. The fiscal year is from January 1 to December 3" Population of the Towns 1940-12,046; 1950-11,632; Current Estimate-15,500. The area of the Town is approximately 56.2 square miles. In addition to the Mattituck Park District, the following political subdivisions have power to levy taxes upon the property within this Towns County of Suffolk Inc. Village of Greenport Fire Districts - Orient, East Marion, Fishers Island, Southold, Cutchogue, Mattituck and the East-West Peatection Area, n, Fishers Island, Southold, Peconic, Cutchogue, Mattituck No, 1, Lighting Districts- Orient, East Mario Mattituck No. 2 and West Greenport, Orient Mosquito District Southold Park District Fishers Island Ferry District Fishers island Garbage District School Districts- 2,3,4,S,6,7,8,9,10,11,12,14 &15. BOND PRINCIPAL MATURING WITHIN THE NEXT TEN FISCAL YEARS (All payable out of Unlimited Ad Valorem Tax LeXXI p���clnded in SU Issas far Revenue- Excluding Principal of Including Producing Improvements Year This Issue This This_issue This Issue or Services 1957 $16,250 $2,000 $18,250 $None None 1958 14,250 2,000 16,250 1959 i4,250 2,000 16,250 None 1960 14,250 2,000 i6,250 None 2,000 . 2,000 None 1961 - ' 2000 2,000 None 1962 ' None 1963 ` 2,000 2,000 None 1964 - 2,000 2,000 2,000 2,000 None 1965 None" 1966 - 2,000 2,000 Y This issue, dated October 1, 19561 matures$2,000 a year on October 1st in the years 1957 through 1971, and$3.000 on October 1st in the years 1972 throu.-h 1976. The bonds are being issued topay for the acquisition of property in and for the Mattituck PaiU Diouict. DESCRIPTION The Town of Southold is a peninsula loza.ted in the extreme north-eastern part of Suffolk County and is composed of the area on the mainland of Long Island as well as Plum 'sland and Fishers Island. The Town is located , about 95 miles from the New York metropolitan ares. The area can best be classed as rural with farming, fishing, shipbuilding and light industry being the major enterprises, in that order. In the area served by Greenport, the sole Incorporated Village in the Town, there are docks and facilities available for a deep water port capable of handling large ocean going vessels. Often, European vessels have come to Greenport to carry cargo, mainly local potatoes a id other crops, to various parts of world. It is hoped that the port will increase its business in the near .fa:ure,du- to time ;:mits tions encountered ween ships enter and leave New York Harbor. -4- Agriculture, being the main source of income, has been and still is, on a stable basis. The Main Line of the Long Island Rail Road serves the entire Town, with its eastern terminus at Greenport. New York State Route ##25 traverses the Town, making available fine motor travel facilities. North Road ' also traverses the Town, but on the northern side. Ferry service is available from Greenport, on the north fork of Long Island, to Shelter Island via Rt. 114, and to the south fork by another short ferry trip. The Fishers Island area is accessible by ferry from New London, Connecticut; or by air, to the airport on Fishers Island. There are several U. S. Government installations on the Island. Plum Island is the site of the U. S. Government hoof and mouth disease research center. Police protection is provided by the Town in the unincorporated area; and by the Village of Greenport in the incorporated area. Fire protection is provided by volunteer departments and by the Village department. Water is supplied by the North Fork Water Company and the Greenport Village Water Department. The Village also supplies certain adjacent unincorporated areas. Gas and Electric service are available throughout the Town by private suppliers, with the Village planning its own power plant. There are ample tourist and resort facilities in the Town, as well as two park districts, several Town parks, with bathing and boating facilities available, The Orient State Park is located at Cie eastern most tip of the mainland at Orient Point. There are five public libraries in the Town, including one on Fishers Island. Shopping facilities are available to residents at Greenport, So-ithold, Cutchogue, and.Mattituck. Bus service is available from ;-reenport to East Hampton, by way of Riverz«ad, There are two local newspapers circulated. throughout the Town, as well as all Long :stand and New York City newspapers. Dated: Greenport, New York NOI.7;AN.E, KLIPP December 21, 1956 Supervisor s .j. Report of ESSENTIAL ECONOMIC AND FISCAL FACTS Concerning THE TOWN OF SOUTHOLDg SUFFOLK COUNTY, NEW YORK Relative to Gurrent Offering of $45, 000 MATTITUCK PARK DISTRICT (SERIAL) BONDS, 1956 APPROVING OPINION MESSRS. VANDEWATER, SYKES, HECKLER & GALLOWAY NEW YORK MATTITUCK PARK DISTRICT COUNSEL WILLIAM W ICKHA M, ESQ. MATTITUCK, L. I. , N. Y. STATISTICS PREPARED & DISTRIBUTED BY GOVERNMENTAL STATISTICAL CORPORATION NEW YORK REPORT OF ESSENTIAL FACTS CONCERNING TOW! NN OF SOU IHOLD, St7FFOLK COUNTY, NEW K TRENDS: For the last five preceding fiscal wears ending De 19S5r 31st: 1951 1952 1953 1954 Town Bonded Debt $ 3,000.00 $ None $ None $ None $ None Special District Bonds. . , 102,000.00 90,000-00 78,000.00 66,000.00 5"'1000.00 Less Deductible Items -- 000.00 54.000.00 Net Bonded Debt lOS,000.OU 90,000.00 78,000.0 66! _ ---.-- Cmrrent�. Expenses: General Town 216,82G.41 278,752,15 291,202,22 200=580.26 238,937.99 Welfare 2S,734.75 26,002.92 31,515.97 999.96 Health 818.75 817.67 998.29 1,018.96 Highway 167,788.68 175,057.62 171,234.36 174,317.91 20G,985.21 Other Town Disbursements* 532,988.78 620,892.82 439,066.91 1,15G,137.14 800,SG7.60 Gross Expense 944,157. 1, 37 1 101,523.18 934,-0 � .17.75 1 532,054.27 11,•247,490.7G _ . -------- __ 11 282.593.61 27.0 173 85 Special District Expenses 240,714.55 219 719x,12 250y861. ,,._„�_ _.� Assessed Valuation of Real Estate Taxable by the ' Issuer 26,437,176.00 26,995,002.00 27,784,274.00 28,6940 924.00 29,569,844,71** New York State Equalization 68% 680 68% 37% Rate 68� Full Valuation of Taxable Real Property 38,878,200.00 39,698,532.35 40,859,226.47 42,198,417.65 79,918,499.22 Recei tst General Town(1) 123,668.51 149,442.97 171,324.74 201,•062.43 244,289.6 Welfare (2) 26,891.42 30,320.86 27,148.50 Highway (3) 183,722.37, 169,174.04 168,777.38 197,984.75 201,359.56 Other Town Receipts* 661.384:98 _744,'S98.34 709,264.86 1.035,848.27 801,441.11 TOTAL 53 .01 1,076,S15.48 11 434,895,45 1,2471090.34 995,667.28 1.090,_ �.�„�� ._.34C Special District Receipts 231,937.09 238,_899.01 277,980.13 285,202.02 307,638.15 (1) Includes Tax on a Pro 54,907.70 76,104.69 93j414,50 121,973.90 146,S12.95 Property s Per Capita State Aid 41 200.34 41,661.01 41,293.60 41,293.60 41,293.60 Other State Aid 531.98 10,060.79 12,341.04 26,373.63 32,083.98 (2) Includes -,per 10,190,00 Tax on Property 71000.00 - N.Y. State Home Relief 15,197.86 17,947.46 16,446.55 (3) Includes Tax on Property 156;500.00 . 156,000.'00 .164000.00, 166,389.27 191,195.00 State Aid 4,688.25 4,688.25 4,688.25 4,688.25 4,G88.25 SINKING Olt RESERVE,FUNDS........NONE * Includes School Tax Fund �k*Pursuant to Chapter 824, Laws of 1954. , *# Financed by$10,000.00 Budget Note Note-Expenses shown above include debt service on $7,000 of GeneraLTown bonds in the year 1951 Fi debt service on $3,000 of General Town bonds in 1952. -2- For Fiscal Years_ Ending, December 31st Tax Rate per M 1953 1954 1955 1956 1957 Town-Outside of Incorporated 18.15 $ 19.12 $ 1 •6.32 $ 19.37 Area $ 18.37 $ Incorporated Village (Greenport) 16.12 15.79 16.13 13.24 16,09 Orient Mosquito District(No County Mosquito Charge) 17.78 17.56 18.52 15.92 18.83 Tax Collection Record(as of May 31st Total Tax Levy* $1s 9-921,806.98$10 399,828.29$1,563,605.58 $1,561,717.45 $1,789,107.98 Amount to Town Supervisor 957,2;5.54 1,074,657.33 1,241,421,31 1,325,114.67 11 442,891.74 Amount to County Treasurer 315,290.61 301,756.54 295,813,67 205,671,21 346,216,24 Uncollected 20,010.83 23,493.38 26,370.10 30,931.57 XXX Percent uncollected when due 1.55 1.68 1.69 1,98 XXX * Includes School; State, County and Town; and Special Districts. 1956 Assessed Valuation.v•.,.,....•..•. $30,049,325.00(1) N. Y. State Equalization Rate ,......... 37% 1956 Full Valuation..••........•...... $81,214,391,89 1957 Assessed Valuation............... $31,287,676.98 (1) N. Y. State Equalization Rate ......... 37% 1957 Full Valuation,.....•..,.•...,... $84,561,289.14 (1) Pursuant to Chapter 824 of the Laws of 1954, which Chapter partially exempts from taxation properties of the Long Island Rail Road in accordance with the redevelopment program of the Rail Road. STATEMENT OF DEBT LIMIT, INDEBTEDNESS AND NET DEBT-CONTRACTING MARGIN, AS OF December 21, 1956 Average Full Valuation of Taxable Real Property........................................•. $ 65.750,364 87 . Debt limit.....7% thereof...................•....,.................................... $ 4,602,525.54 Indebtedness: Outstanding bonds...........................•••••••' $59,000 000 Bond Anticipation Notes* ..........,.••••••••••••••• 2'000 Capital Notes.............................•e�•••••' 18,000 Budget Notes .......•••,•••.••••••••�e►.••,te.,.••• Kane Exclusions ......................•e.•••••Oe•••••• 124,900.00 Total Net Indebtedness ....................e•,••••••••••••°'•'••••°•••••••"•••'•••••••• $ 4 17 .54 7 ok" Net Debt-Contracting Margin.........•....aoe• ••••••••••••"'•'•••••••••••`•••••e`••••• - * To be funded by this issue. The net debt-contracting margin of the issuer is$4,477,625,54 as shown on a debt statement, prepared as of December 21, 1956, and filed pursuant to Section 109.00 of the Local Finance Law. OTHER INFORMATION The statutory authority for the issued o spend money the Town Lawf r the object or purpose, or Finance Law.to accomplish the object or purpose for which the bonds are to be The procedure for the validation of bonds provided in Title 6 of Article 2 of the Local Finance Law is being complied with. Tax paymen*.s are d-ie in December e•:ich year, Taxes may be paid up to ;anuary 10th without penalty. ent per month is added until the end of Mo.y, at which time the tax roUs After January 10`>>, penalty of one u^r c are returned to the County Treasurer. -3• Tax Sales are held annually by the County of Suffolk. There is no district corporation, as such term is defined in the Local Finance Law, Section 102.00 (a), situated in the unincorporated areas of the Town. No principal or interest upon any obligation of this Town is past due. The fiscal year is frotu aaaaary i to December 81s4 Population of the Town: 1940-12,046; 1950-11,632; Current Estimate-15,500. The area of the Town is approximately 56.2 square miles. In addition to the Mattituck Park District, the following political subdivisions have power to levy taxes upon the property within this Town: County of Suffolk Inc. Village of Greenport Fire Districts - Orient, East Marion, Fishers Island, Southold, Cutchogue, Mattituck and the East-West Pcmtection Area. , Fishers Island, Southold, Peeonic, Cutchogue, Mattituck No. 1, Lighting Districts- Orient, East Marion Mattituck No. 2 and West Greenport. Orient Mosquito District Southold Park District Fishers Island Ferry District Fishers Island Garbage District School Districts- 2,3,4,S,6,7,8,9,10,11,12,14 &15. BOND PRINCIPAL MATURING WITHIN THE NEXT TEN FISCAL YEARS (All payable out of Unlimited Ad Valorem Tax Leyyl l�riswoipol uialvdcd in OR Jones for Revenue- Excluding Principal of Including Producing Improvements Year This issue This_ ss __Iue„_ This Issue or Services 1957 $16,250 $2,000 $18S250 $None 1958 14,250 2,000 16,250 None 1959 14,250 2,000 16,250 None 1960 14,250 2,000 16,250 None 1961 - 2,000 2,000 None 1962 - 2,000 2,000 None None 1963 - 2,000 2,000 1964 - 2,000 2,000 None 1965 - 2,000 2,000 None 1966 - 2,000 2,000 None This issue, dated October 1, 1956, ma:,ues$2,000 a year on October 1st.in the years 1957 through 1971, and$3000 on October 1st in the years 1972 through 1976. The bonds are being issued to pay for the acquisition of property in and for the Mattituck Park District. DESCRIPTION The Town of Southold is a peninsula lozated in the extreme north-eastern pat of Suffolk County and is composed of the area on the mainland of Long Island as well as Plum 'eland and Fishers Island. The Town is located about 95 miles from the New York metropolitan area. The area can best be classed as rural with farming, fishing, shipbuilding and light industry being the major enterprises, in that order. In the area served by Greenport, the sole Incorporated Village in the Town, there are docks and facilities available for a deep water port capable of handling large ocean going vessels. Often, European vessels have come to Greenport to carry cargo, mainly local potatoes aid other crops, to various parts of tie world. It is hoped that the port will increase its business in the near ra:ure,du,- to time :imitations encountered ween ships enter and leave New York Harbor. -4- $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BONDS, 1956 NOTICE OF SALE -------------------- Scaled proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 19570 at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial) Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October i in each of the years 1957 to 1971,both inclusive, and $39 000 on October 1 in each of the years 1972 W 1P76, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April,l and October 1. Principal and interest of said bonds are payable in lawful money of the United States of Ameigca at the First National Bank of Greenport, in Greenport, New York. Bonds will be in bearer form with coupons,gttached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid tbprefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. ;i The State Constitution requires the Town to ploOge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sum shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum per annum, without reference to premium, provided, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premliuns The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside 112roposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for $900 as a good faith deposit to secure the Town a,ainst any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds, and in such case, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York$ New York,-or at such other place as may be agreed with the purchaser about January 30, 1957. The approving opinion of Messrs. Vandewater, Sykes, Heckler G Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affecting the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632. The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described, prepared at of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525.54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request Dated: Greenport, New York NORMAN E. KL1PP December 21, 1956 Supervisor PROPOSAL FOR BONDS Dated: January , 1957 Mr. Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mr. Klipp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest at the rate of per centum ( °�) per annum, and to pay therefor Dollars ($ ) and accrued interest at the rate borne by the bonds from-t.he date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the cyder of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check for $900 representing the return of our good faith deposit. $45,000 TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK MATTITUCK PARK DISTRICT(SERIAL) BONDS, 1956 NOTICE OF SALE -------------------- Scaled proposals will be received and considered by the undersigned Supervisor of the Town of Southold, Suffolk County, New York, at the office of the Supervisor, Greenport, in said Town, at 2 o'clock P.M., Eastern Standard Time, on the 8th day of January, 1957, at which time and place the bids will be opened, for the purchase at not less than par and accrued interest of $45,000 Mattituck Park District(Serial)Bonds, 1956, of said Town, of the denomination of$1,000 each, dated October 1, 1956, and maturing $2,000 on October 1 in each of the years 1957 to 1971,both inclusive, and $3,000 on October 1 in each of the years 1972 to 1976, both inclusive, bearing interest at a rate not exceeding five per centum per annum, payable semi-annually April 1 and October 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank of Greenport, in Greenport New York. Bonds will be in bearer form with coupons attached an may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Town, payable in the first instance from a levy upon taxable property in said Park District, but if not paid therefrom all the taxable real property within the Town will be subject to the levy of ad valorem taxes to pay said bonds and interest thereon without limitation as to rate or amount. The State Constitution requires the Town to pledge its faith and credit for the payment of the principal of the bonds and the interest thereon and to make annual appropriations for the amounts required for the payment of such interest and the redemption of such bonds. The State Constitution also provides that if at any time the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Town, a sufficient sunt shall be set apart from the first revenues thereafter received and shall be applied for such purpose; also that the fiscal officer of the Town may be required to set apart and apply such revenues as aforesaid at the suit of any holder of such obligations. Each bid must be for all of said $45,000 bonds and state a single rate of interest therefor. Unless all bids are rejected, the award will be made to the bidder complying with the terms of sale and offering to purchase said bonds at the lowest rate of interest not exceeding the rate above specified, stated in a multiple of one- quarter or one-tenth of one per centum per annum, without reference to premium, provided, however, that if two or more bidders offer to purchase said bonds at the same lowest rate of interest then such award will be made to the bidder offering the highest premitnn, The right is reserved to reject any or all bids, and any bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed to the undersigned Supervisor, and should be marked on the outside "Broposal for Bonds" and must be accompanied with a certified or cashier's check drawn upon an incorporated bank or trust company to the order of said Town of Southold, New York, for$900 as a good faith deposit to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. No interest will be allowed on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the State of New York, including among others, the Town Law and the Local Finance Law, for the acquisition of certain real property in and for the Mattituck Park District in said Town of Southold. in the event that prior to the delivery of the bonds, the income received by private holders from bonds of the same type and character shall be taxable by the terms of any Federal income tax law, the successful bidder may, at his election, be relieved of his obligations under the contract to purchase the bonds, and in such case, the deposit accompanying his bid will be returned. Said bonds will be delivered at New York, New York,•or at such other place as may be agreed with the purchaser about January 30, 1957. The approving opinion of Messrs• Vandewater, Sykes, Heckler G Galloway, New York, New York, will be furnished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for the bonds,including a statement that there is no litigation pending or, to the knowledge of the signers thereof, threatened affecting the validity of the bonds. The population of the Town as shown by the 1950 U.S. Census is 11,632. The Debt Statement to be filed, pursuant to Section 109.00 of the Local Finance Law, in connection with the sale of the bonds herein described, prepared as of December 21, 1956 will show the average full valuation of real estate subject to taxation by the Town to be $65,750,364.87, its debt limit to be $4,602,525.54, and its total net indebtedness subject to the debt limit to be $124,900.00. The proceeds of such bonds will be used to retire outstanding indebtedness of $45,000 evidenced by bond anticipation notes. The indebtedness to be evidenced by such bonds will not increase such net indebtedness. A detailed report of essential facts will be furnished to any interested bidder upon request. Dated: Greenport, New York NORMAN E, KLIPP December 21, 1956 Supervisor PROPOSAL FOR BONDS Datedt January , 1957 Mr. Norman E. Klipp Supervisor Town of Southold Office of the Supervisor Greenport, New York Dear Mr. Klipp: Subject to the provisions of the official notice of sale (a copy of which is annexed hereto), which notice is made a part of this proposal, we offer to purchase all the bonds described in said notice, said bonds to bear interest at the rate of per centum ( %) per annum, and to pay therefor Dollars ($ ) and accrued interest at the rate borne by the bonds from-the date of the bonds to the date of payment of the purchase price. We herewith enclose certified or cashier's check payable to the crder of Town of Southold, New York in the sum of Nine Hundred Dollars($900) as a good faith deposit in accordance with such notice. Dated: January 8, 1957 Received from Mr. Norman E. Klipp, Supervisor, check for $900 representing the return of our good faith deposit. Agriculture, being the main source of income, has been and still is, on a stable basis. The Main Line of the Long Island Rail Road serves the entire Town, with its eastern terminus at Greenport. New York State Route #25 traverses the Town, making available fine motor travel facilities. North Road also traverses the Town, but on the northern side. Ferry service is available from Greenport, on the north fork of Long Island, to Shelter Island via Rt. 114, and to the south fork by another short ferry trip. The Fishers Island area is accessible by ferry from New London, Connecticut; or by air, to the airport on Fishers Island. There are several U. S. Government installations on the Island. Plum Island is the site of the U. S. Government hoof and mouth disease research center. Police protection is provided by the Town in the unincorporated area; and by the Village of Greenport in the incorporated area. Fire protection is provided by volunteer departments and by the Village department. Water is supplied by the North Fork Water Company and the Greenport Village Water Department. The Village also supplies certain adjacent unincorporated areas. Gas and Electric service are available throughout the Town by private suppliers, with the Village planning its own power plant. There are ample tourist and resort facilities in the Town, as well as two park districts, several Town parks, with bathing and boating facilities available, The Orient State Park is located at t'se eastern most tip of the mainland at Orient Point. There are five public libraries in the Town, including one on Fishers Island. Shopping facilities are available to residents at Greenport, S,-),ahold, Cutchogue, and.Mattituck. Bus service is available from Greenport to East Hampton, by way of Riven,:ad. There are two local newspapers circulated throughout the Town, as well as all Long island and New York City newspapers. Dated: Greenport, New York NCTZ''(i .E, KLIPP December 21, 1956 Supervisor 45, 000 r` TOWN OF ` OUTHOLD, `,UkF'OLK COUN ''Y, NEW YORK YATTITUCK PARK DISTRICT ( SERIAL) BONDS, 1956 NOTICE OF s.ALE - - - _ - _ _ _ _ _ - Sealed proposals will be received an considered by the under. signed Supervisor of the Town of Southold, Suffolk County, New Ynr , at the office of the Supervisor, Greenport, in said Town, at ofeloek M. , Eastern Standard Tine, on the day of 195171 at which tim = and place the bids will be opened, for the purchase at not lees than par and accrued interest of 45, 00o Mattituck Park District (Serial) Boncxs, 1956, of said Town, of the denomination of $1, 000 each, dated October 1, 1956, and ma.tu-ing $,2,000 on October l in ow%ch of the years 1957 to 1971, both inclusive, and $3,000 on October 1 in each of the years 1972 to 1976, both Inclusive, bearing interest at a "gate not exceeding Five uer centum ner .� n cul payable Barri-annually .April 1 and Octo- ber 1. Principal and interest of said bonds are payable in lawful money of the United States of America at the First National Bank. of Greenport, in OreenT)ort, New York, Bonds wilr. be in bearer for with oouoons attached a.nd may be converted into fully registered bonds, and will be valid and legally binding general obligations of said Toy>,n, payable in the first instance from a levy upon tax- ble property in sail Park District, but if not paid therefrom all the taxable real property within the To�n :111 be subject to the levy Of ark. valore , 4,$ .4S to p:,y said bones and interest thereon without limitation as to rate or amount. The State Constitution requires the morn to pledge its faith and credit for the payment of the princlnal of the bonds and the interest therf-on and to make annual appronriationas for the amounts squired for the payment of such interest and the redemption of such bonds, The St; te Constitution also provides Lhat if at any time the appropriating allthor. ities fail to make the required pnropriatione for th7 a.nnunl debt service on the bonds and certain Cher obligations of the Town, a suffleient sum shall be get apart from the first revenues thereafter received and shall be applied or such purpose; also that the fiscal officer of the Town may be squired to set apart and PnDly such revenues as aforesaid at the sult of any holder of such obligations. Eaoh bid must be for all of said $45, 000 bonds and state a Bingle rate of Interest- tht:-%refor. Unless all bids are :f-eJeated, the award will be made to the bidder complying with the germs of salLe and offering to purchase said bonds at the lowest rate of In- terest not pxceeding the rate above specified, stated in a multiple of 'one-ouatter or one-tenth of one per c:entun per annum, without reference to oremlum *provided however, that if two or more bidders offer to purchase said bonds at the same lowest rate of Interest then such award will be made to the bidder o.fferirF the highest prei-Aum. The right 19 reserved to reject any or all bids., and an bid not complying with this Notice of Sale will be rejected. Each bid must be enclosed in a sealed envelope addressed t o the under- signed Supervisor, and should b,, ..arked on alar: :i ttsi to "Proposal for Bonds * and must be ac compf:nled. ',,?ith << certified or cashier4 s check drawn upon an inoorpora.ted bank or trust comp my to the order of said Town of Southold, New York, for $900 as a. good f&ith deposit to secure the Town against any loss resulting from th.: failure of the bidder to comply ,Ath the teras of his bid.. No interest will be allowed. on the amount of the good faith deposit. Said bonds are issued pursuant to the Constitution and statutes of the Mate of New. Fork, including; among others, the Town Lev-, and the _ooal Finance Law, for the acquisition of certain real property Jn z d, for the MaV'I t uck Perk District In laic' Tri-t:'n cif' Southold. In the event that prior to the c eiive:^y of the bonds, the in contip received. by private holders from bonds of the same type and character shall be taxablp by the terms of �; ny Federal income tax lair, the succe ,sful bidder ray, at his electwon, be relieved of his obligations under the en ntraot to purchase the bonds, and in such case, the deposit a.ccomr-anying his bid. will be returned. Said bonds will be delivered at New York, New York, or at suth other place as may be agreed will, the urchaser about 1957. The a.r roving opinion of Ee s srs. 'Vandewate-, 5yke s, Heckler Galloway, New York, D:ew York, will be furnished without cost to Uie -ourahaser. There Ill also bre furnished the usual closing oertif— sates, dated as of the date of delivery of and payment for the bo de, including a statement that there is no litigation pending or to he� knowledge of the ai ners thereof, three tened affecting the validit f the bonds. The no-pulation of the Toun as sho=e by the 1950 U.S, Census s The Debt Statement to be Filed, pursuant to Sectio 09. 04 of the Local Finance Lair, 1n connection with the sale of the ands herein dei ceribt;d, ,prepared as of s 1956 TS1 1 -how the average full valuation of real estate subject to tax— tI.On by the Tot,,,n to be , its debt limit to be n.j Its total net indobtednP ~ subject F.,o the debt limit to be The proceeds of such bands will be used to retire utatand.ing indebtedness of 4.1]�',,000 evidenced by bond anticipation notes . The indebtedness to be evidenced by such bonds will not in— tease such net indebtednesp. A detailed report of eFsentia.1 fa eta All be furnished to any intereste:, b1cid.er upon . ,que t,. atedt Greenport, New York, November 21, 1936, upervisor y STATS OF ISM YMM Comm OF SUFFOLK 1, the undersigned supervisor of the Town of Southold, Suffolk County, Now York, pursuant to power vested in as by resolution dated C 41 k , 193+6, prescribing the details and sale of $45*000 gat t ituck Park district (Serial) lands, 19%, D4 HRRM APMOYg the attached as the ,farm of the bonds authorised thereby. Mnf MS my signature this day of ti's , 19%. ry sor An eaarouted counterpart of the foregoing certificate and attached bond forest were tiled with the Town Beard of said Town of Southold, Suffolk County, New York, this day of �.,.�.,.� _�.r. , 19%. UNITED STATES OF AMRICA, STATE OF NEW YORK COUNTY OF SUFFOLK TOWN OF SOUTHOLD XATTITUCK PARK DISTRICT (SERIAL) BOND, 1956 No.. ..�.. 41,E The Town of Southold, in the County of Suffolk, a municipality of the State of New York, hereby acknowledges itself indebted and for value received promises to pay to the bearer of this bond, or, if it be registered, to the registered holder, on the let day of October, 19,_,..., the sum of ONR THOUSAND DOLLARS ($1,000),, and to pair interest on such auto at the rate of per cent ( %) per annum, semi-annually on the lot days of April and October in each year from the date of this bond until it matures,, upon presentation and surreender, as they severally mature, of the coupons therefor anneued hereto, or, if this bond be registered, to the registered holder. Both principal of and interest on this bond will be paid in lawful money of the United States of America at ! in , NOW York. This bored may be converted into a registered bond in accordance with the provisions of the Local Finance Law. This bond is one of an authorised issue, the agpegats principal amount of which is 5,000, the bonds of which are of like date and tenor, except as to number and date of maturity, and are issued for the purpose Of paying part of the dost of the acquisition of certain real property in and for the Mattitucek Park District in said Town, pursuant to a resolution entitleds "BOND RMLUTION DATED JUNE 1p, 19%. A R39SOLUTION AUTHORIZING THS ISSUANCE OF 'S,,000 S IAL BONDS OF THE TOWN OF SO ff�tLD o SUFFOLK CO MW TO PAY A PART OF THE COST OF THS ACQUISITION OV SRTAIN REAL PROPXRTY IN AND FOR THS MATTITUGK PARK DISTRICT IN SAID TOWN.% duly adapted by the Town Board of such Town of Southold on the 12th day of June, 1956, and pursuant to other procaeedirgp of the Town Board of such Town duly had and taken in all respect* authorizing the same, including a further resolution dated : 19860 providing for the details and sale of such bonds. .. 2 .. The faith and Credit of such Town of Southold, Now York, are hereby irrevocably pledged for the punctual payment of the principal of and interest on this and according to its terms. It is hereby certified, recited and declared that all acts, conditions and things required by the Constitution and statute* of the State of Now York to exist,, to have happened and to have been performed precedent to and 1n the issuance of this bond, exist, have happened and have been performed; and that the issue of bonds of which this is one, together with all other indebtedness of such Town of Southold is within every debt and other 1 t prescribed by the Constitution and latae of the State of Now York. IN WITAS S WHSRS07, the Town of Southold, Suffolk County, New 'fork, 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 the Interest coupons hereto attached to be authenticated by the facsimile signature of :its Supervisor, and this bond to be dated as of the let day of Ootobeer, 19%. TOWN OF SOUTHOLb, SM`FOIX CQ=TY, NEW YORK BY ATT+T t 3UPOrVISOr am MoN (FM OF COMM J April On the lot day of October, 19_„,,, the Town of Southold# in the County of Suffolk, a municipality of the: State of Now York, will pay to the bearer the sum of DOLLARS { } in lawful money of the Obited States of America at in Now York, being six months# interest then arae► on Its MATTITUCK PARK DISTRICT (MMIAL) BOND, 1956, dated October 1, 1956, and bearing number . xwr sot 3 r. CCNV'SFtdION CgRRTVICATg I hereby certify that upon the presentation of the within bond with a written request by the holder thereof for its conversion into a brand registered as to both principal and interest, I have this day out off and destroyed , , coupons attached thereto# of the amount SM value of Dollars ( ) each, being all the coupons for interest on the within bond payable after the date of this certificate, and that the interest at the rate and on the dates stated in the within bond and as was provided by the coupons,, as well as the principal, is to be paid to the registered holder, his legal representatives, successor's or transferees at the place stated in the within bond and as was stated in the coupons. This bond shall hereafter be transferable only upon presentation of the same with a written transfer of title. Such transfer shall be dated and signed by the registered holder, or ds 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 authorised to do business in this state. Dat*d# ar rrrrn ru rrrr rrournr vrr rurrrrirr l�rw..wrrw NOW RMISMaTION CSRTI VICATg It is hereby certified that the within bond has been registered as follows% ftSistration Name of Registered Holder les stored H $45#000 TOWN OF SOUTHOLD* d LK COUNTIro NNW YOU NM' OF $AIR S+e" proposals will be received and considered by the supervisor of the Tom of 3outholdp Suffolk County, Now "fork, at ,....,, In said Tom;, at o#celock ..X., ►stern _ Tim* on the day of 1"6,* at which times and Pl#AW the bids x111 be opened., for the purchase at not less than par and aeorood, interest of #45#000 Mttituck Park District (Serial) bonds, 19%. of said 'own, of the denose ination of $1,9000 eaoh, dated October 1, 19%,o sad maturing 42*000 an October 1 in each of the years 19ST to 1971# both In elusive, and 43#000 an October 1 In each of the years 39T2 to 1+x''6, 'both inclusive, baring interest at a rate not exceeding five per dentum per anntaea, payable -ammlly April 1 and October 1. Principal ad intereest of said bonds are parable in lawful money of the United States of Aneries, at In New York, Bonds will be in bearer foie, with oomp e attached sand my be converted into fully registered b rA*, and will be valid and Willy binding general obligations of add ';moi►, payale .in the first Imistanae from a levy upon taxable property in slid lac District, but if at paid tberefrom all the taxable real property within the Town will be cub et to the levy of ad valorem tans to pay said band$ and interest thereon without 1imsitation as to rate or am4mt. The State Constitution requires the Town to pled" its faith and credit for the papm ent of the principal of the bonds and the interest trieerre= and to maim annual appropriations for the summts v*quairod for the patent of such interest and the reeds tion of such . The $tate Constitution also provides that if at any occas► the appropriating authorities fail to make the required appropriations for the annual debt service on the bonds and certain other obligations of the Ttn, a sufficient sum shall be sot apart from the first revenues thereafter ' . g ;. reoeiv*d and *hall be applied for such purposes also that the fiscal officer of the Town may be requiared to set spare and apply such revonues as aforesaid at the suit of say holder of such obligations. Bach Heid must be for all of said $4!5,0bonds and state a side rate of interest therefor. Unless all bids are ree jeeeted, the award will be made, to the bidder complying with the term of sale and oa►fferiaag to purchase said bonds at the lowest rate, of interest not exceeding the rate above speciflod, stated in a multiple of one-quarter or ane-tenth of one per eentuaaa per anxaa m, without reference to pre a uay provided, however,, that if two or more bidders offer to purchase said bonds at the sam lowest rate of interest then such award will be to the bidder offer;lag the highest premium. The right is reserved to r*j*eet any or all b de p and any bid not complying with this Notice of Seale will be rejected. d. Uoh bid must be enclosed in a sealed envelope addressed to the under- signed S%q wervisor, and should be marked on the outside "?rapes" for &ands' and must be accompanied with a certified or caaashlorts cheek drawn upon an incorporated bank or trust company to the order of said Town of Southold, Now York, for $9W as a good faith deposit to secure the Tom against any loss resulting from the failure of the bidder to comply with the torso of his bid. No interest will be allowed on the aaaaaount of the good faith deposit. Said bods are issued pursuant to the Constitution and statutes of the State of Now York, including ataex�# othrlr", the 'swan hoer and the Local Finance Law, for the acquisition of certain real property in eared for the gaatti.tuck Park District in said Town of Southold. In the event that prior to the delivery of the bonds, the ineeam received by priest* holder* frau bonds of the sane type and shauraeter shall be taxable by the terns of any Fodeereal ineome tact law, the successful bidder may, at his election,, be relieved of his obligations under the contract to purchase the boanads, and in such *as*, the deposit a oompaaaying his bid will be areeturned SaIA bonds will be delivered at New York, Now York,, or at such other plaao* as may be agreed with the puro r about 1956. The approving opinion of Messrs. p'andewater, Sykes, Heckler g Galloway, New York, New York* will be furnished without coast to the r s • � v 3 rw pureehmw. 'there will also be rurnished the usual closing owtitloate , dated as of the date of delivery or and int tar the beds, including a statement that there is no litigation pending orp to the knowledge of tho signer's thoreot, threatened affecting the validity of the bonds. Tho population of the Tom an shorn by the 1950 U.S. Conus is The Debt Statement to be filod, pursuant to Section 109.00 of the Local pinamw Law, In connection with the salo of the bonds herein described, prepared as of "i, ....rrira nrrnrrrrrrwinoi•iri rrr■rrr.rrw� 1 will show the avorago full valuation or real estate subject u j east to tamtion by the Town to be $ - its debt llxdt to be ray orunn iris 4 and its total not indebtedness subjoet to the debt lit to be 4 0 The prooeads of such bonds Will be used to retim outstanding indebtedness of !$,#000 oviftneeed by bid anticipation notes. The indetbtodness to be evidenced by such bonds will not incrosm such net indeebtodness. A detailed roport of essential facets will be furnished to any interested bidder upon request. Datedsw.erriArrrrrwirirrir.i rrrorrrurrirrww"' # iork, 1956.