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HomeMy WebLinkAboutTB-08/15/1961-S L4-to9 SPECIAL MEETING OF AUGUST 15, 1961. We, the undersigned, being members of the Town, Board of' the' Town "of" Southold, Suffolk County, New York, do 'hereby severally waive notice of the time, place and purpose fo the meeting ',of= the Town Board to be held aboard the� boat Tex III in the Town of, Southold, New -York, on Tuesday, August .15, 1961, at 4: 25 P.M. and- do hereby consent that the same beheld on said date for .the' transaction of any business which may properly come before this meeting. 7 Dated: August 15, 1961. Lester M. Albertson, Supervisor. Southold, N.Y. Corwin G. Grathwohl, Councilman Louis. M. Demarest. Ralph-W. Tuthill, Justice Henry A. Clark Albert W. Richmond, Town Clerk A special meeting of the Southold Town Board was held aboard the Boat Tex III on August 15, 1961, the members of the Board-having- waived notice of the time, place and purpose of. the meeting. The meeting was called .to , - order by Supervisor Albertson at 4:30 P.M. with the following present:. . Supervisor Albertson.; Councilmen Demarest and,Grathwohl; Jutices. Tuthill and Clark; Town Attorney Tasker .and Town Clerk Richmond. Moved by Councilman Demarest; secended by Justice Tuthill: CAPITAL NOTE RESOLUTION DATED AUCRUST 15, 1961. A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF. . CAPITAL NOTES OF THE TOWN OP SOLT HOLD, SUFFOLK COUNTY, NEW YORK, IN THE AMOUNT OF $5, 000.00 TO . PAY A PART OF THE COST OF PURCHASING A USED -TD=6 INTERNATIONAL CRAWLER TRACTOR WITH .ONE. CUBIC. YARD HYDRAULIC BUCKET LOADER ATTACHED FOR SAID TOWN. BE IT RESOLVED,.. by the Town Board of. the Town of Southold, Suffolk County, New York, as follows: Section 1. The specific object or purpose:>Ffor which obligations are .to be, issued pursuant to this resolution is to finance a part of .the cost of purchasing a used TD-6 International crawler tractor with one cubic yard hydraulic bucket loader attached, for the Town of Southold, Suffolk County., New York, SECTION 2. The- estimated maximum cost of such tractor is $5, 700.00 .and the plan of financing such cost is as follows: By surrender by the Town of Southold to the vendor of a .used T6 International Jawle r.tr cto ;. tle lance o the . cotsht is to }fie �rovided froom .proceeds o SC5$ . �,nw ICR isehereby authorized ?oloe1issueaR pursuaght to- the provisions of the Local Finance Law.. SECTION 3. It is hereby determined that subdivision 29 paragraph a of.. Section, 11.00 of the Local Finance Law applied to such object or purpose) . and that the period of probable usefulness thereof is five years. SECTION '4. The proposed .maturity of the capital note hereby authorized . will hot be in excess of five years. SECTION 5. The faith and credit of the Town of Southold Suffolk County, ,, New York, are hereby irrevocably pledged to the payment of the .principal. of and interest on such note. An amount sufficient to pay the principal and interest on such .capital note shall be included in the annual budget and levied as a part of the taxes for the fiscal year in which the same matures. . " SECTION 6 . It is hereby determined that no down payment is necessary in connection with the aforesaid object or purpose. . SECTION 7. Subject to the provisions of the Local Finance Law, the power to sell such note is hereby delegated to the Supervisor, the chief fiscal officer. Such note shall be of such terms, oform and contends, and shall be sold in such manner, as may be prescribed by the Supervisor, .consist ent with the provisions of the Local Finance Law. SECTION 8. The vaiidy of such note may be contested only _if: (1) Such Note is authorized for an object or purpose for which said - Town of Southold is. not authorized to expend money,, or M -The provisions of law,,whidh 'should be complied with at the date of publication of this- resolution are',not substantially complied with, - and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication or (3) Such `note is- authorized in violation of the provisions of the constitution. SECTION 9. This resolution which takes effect immediately, shall be published in full in the Suffolk Times, Greenport, New York, the official newspaper of the Town of Southold, together with a motice of the Town Clerk in substantially the form provided in Section 81.00 of the Local Finance Law. Vote of-. Town Board: •Ayes-Supervisor Albertson; Councilmen Demarest and Giathwohl;' Juhtices "Tuthill and Clark. Moved, by Justice .Clark; seconded by. Councilman Demarest; WHEREAS, the Auxiliary of Burton Potter Post #185 has applied' to the Town Clerk for a Bingo License, and WHEREAS, the Town Board has examined the application and after investig- ating, the matter duly made findings and determinations as required byllaw, NOW, THEREFORE, BE IT RESOLVED: that the Supervisor be' and he hereby is authorized and directed to, execute on behalf of this Board the findings and determinations required by law and be. it . further `RESOLVED: That the Town Clerk be and he hereby is directed to issue a Bingo License to the Auxiliary of' Burton Potter Post #185: Vote of Town Board: Ayes-Supervisor Albertson; Councilmen.Demaeest and' Grathwohl; Justices Tuthill and Clark. Adjournment was at 4:40 P.M. Albert W. Richmond Town Clerk'