HomeMy WebLinkAboutTB-12/26/1967 MEETING OF DECEMBER 26, 1967 Y
The Southold Town Board met at the office of Supervisor Lester M.
A.lbertson, 16 .South 'Street, Greenport, New York, with the following
present:- Supervisor Albertson; Councilmen Demarest and Valentine;
Justice Tuthill; Town Attorney Tasker; Superintendent of Highways Dean
and Town Clerk Richmond.
Moved by Councilman Valentine; seconded by Councilman Demarest;
RESOLVED: That .the next meeting of the Town Board will be held at the
office of Supervisor Lester M. Albertson, 16 South Street, Greenport,
New York, on Tuesday, January 2, 1968, at 3 :00 P.M.
Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Demarest; seconded by Councilman Valentine;
RESOLVED:' That the minutes of the meeting. of December 12 , 1967 , and
the Special Meeting of December, 19, 1967 , be and they hereby are approved.
Vote of Town Board: Ayes-Supervisor Albertson; Councilmen, Demarest
and Valentine; Justice Tuthill;
Moved by Justice Tuthill; seconded by Councilman Valentine;,
RESOLVED: That Bond No. 73S-1005-BC and 1S-119-002, issued'. by the Aetna
Casualty and Surety company in the name of Henry A. Clark, Town Justice,
Town of- Southold, N.Y, in the sum of $1, 000. 00 be and the same is
hereby approved as' to. 'its form, manner of execution and sufficiency
of sureties therein.
Vote of Town Board: Ayes- Supervisor Albertson; Councilmen ,Demarest
and Valentine; Justice Tuthill.
Moved by Justice Tuthill; seconded by Councilman Valentine;
RESOLVED: That Bond No. .73S-7291-BC, issued by the Aetna Casualty
and Surety Company in the name of Martin Suter, ' Town Justice, ' 'own of
Southold, N.Y, in the sum of $1000.00'-be and the same is hereby ,approv-
ed as to ' its form, manner of execution and sufficiency of sureties
therein.
Vote of Town Board: Ayes-Supervisor 'Albertson; Councilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Valentine; seconded by Councilman Demarest;
RESOLVED: That Bond No. 73S=1059-BC, issued by the Aetna Casualty and
Surety Company in the name of AlbertsW. Richmond, Town Clerk, town' of
Southold, -in' the sum 'of $1000.00 be and the same - is hereby . approved
as to its form, manner of execution and sufficiency of sureties. therein.
Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justice .Tuthill.
Moved by Councilman. Valentine; seconded by Justice Tuthill;
RESOLVED: That Bond No. 73S-1119-BC, issued by the Aetna Casualty and
Surety Company in the name of Lester M. "Albertson, * Supervisor,. Town'
of Southold, in the sum of $200, 000. 00 'be' and the same is hereby .
approved as to its form, manner of-execution and sufficiency of suret-
ies therein. '
Vote of Town Board: ' Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justices Tuthill.a,. '
Moved by Justice Tuthill; seconded by Councilman Valentine;
RESOLVED: That Bond No. 7'3S-5527-BC; issued by, the Aetna Casualty
and Surety Company in the name of Raymond Dean, Superintendent of
Highways, Town of Southold,. in the sum of $2000.0.0 be and the same
is hereby approved as to its. form, manner .of execution and sufficiency
of sureties therein'.
Vote of Town Board: Ayes-Supervisor Albertson; �ounilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Demarest; seconded by Councilman Valentine;
RESOLVED:. That Bond No. 735-1118-BC, issued by the Aetna Casualty and
Surety Company in the name of Lester.M. Albertson, Supervisor, as
Custodian of Finances of the Fisher's 'Island Ferry District in the sum
of $15, 000. 00 be and the same is ''hereby approved as to its form, manner
of execution and sufficiency of sureties therein.
Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Demarest; seconded by Justice Tuthill
RESOLVED: That Supervisor Lester M. Albertson be and he . hereby . is
authorized to purchase identification shields for the Fire Coordinaters.
Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Valentine; .seconded by Councilman Demarest;
WHEREAS, Southold Town Planning Board has prepared an official report
ANd recommendation upon the Town Board 's Own Motion for a change of
zone from ".B" Business District to "A" Residential and Agriculural
District on certain property situated east side .of Kenney' s Road,
Southold, New York,
NOW, THEREFORE, BE IT RESOLVED: That a public hearing will be held by
the Southold Town Board at the Supervisor ' s Office, 16. South Street,
Greenport, New York, on Tuesday, January 23, 1968, at 7 :30 P.M. on
the above mentioned petition and that the Town Clerk be and he hereby
is authorized and directed to cause notice of said hearing to be pub"
lished in the Suffolk Weekly Times pursuant to the requirements of law.
Vote of Town Board: Ayes-Supervisor Albertson;. Councilmen Demarest
and Valentine;. Justice Tuthill.
Moved by Justice 'Tuthill;seconded by Councilman Demarest; .
WHEREAS, John J. Klein, Sr. has applied to the Town Board for a. single
trailer permit dated December 11, 1967,
NOW, THEREFORE, BE IT RESOLVED: That the' application of John. J. Klein,
Sr. to locate a single trailer on his property on Main Road, Mattituck,
N.Y. be and the same ie hereby granted. for a six month period..
Vote of- Town Board: Ayes-Supervisor Albertson; Councilmen Demarest
and Valentine; Justice Tuthill.
Moved by Councilman Demarest; seconded by Councilman Valentine;
WHEREAS, " Costas Stars has made application to the Town Board trotdedicate
a certain `road at East Marion, N.Y. to be known as STARS ROAD, more
fully described in said .petition together with releases executed by the
owner thereof, and
WHEREASX the highway superintendent has inspected the said highway and
has advised the Town Board that said proposed highway complies in all
respects with the specificaitons for the dedication of highways in the
Town of Southold,
NOW, THEREFORE, BE IT RESOLVED: 'That in accordance with Section 171.
of the Highways Law of the State of New York, consent be and the same
is given to the Superintendent of Highways to make an order laying out
the aforesaid highway to consist of lands described in said application
and shown on certain maps attached to said application, and
BE IT FURTHER RESOLVED: That the Town Clerk be and he .hereby is author-
ized and directed to forthwith cause the dedication, release and deed
to be recorded .in the office of, the Clerk of the County of Suffolk, N.Y.
Vote of Town Board: Ayes-Supervis.or .Albertson;' Councilmen Demarest
and Valentine; Justice Tuthill. ' ' '
Moved by Justice Tuthill; seconded by Councilman Valentine;
WHEREAS, the Board deems it in the public interest and .in .the promotion
of the health, safety, .morals .and general welfare of. the town of Southold
that certain premises at Greenport, In the Town of Southold, County of
Suffolk and State of New York, hereinafter more fully described be re-
zoned from "B" Business District to "M" Multiple Residence District, and
WHEREAS, as the said proposal was referred _to the Planning Board for
its recommendation and report, and
WHEREAS, the Town Board pursuant to due noti, e thereof, held a hearing
g
thereon on the 19th day of December, 1967, at which time all interest-
ed ersdris were cTiven' an 'opportunit to be heard
NOW- THEREFORE, BE IT RESOLVED: That the SoutholA Town Building Zone
Ordinance including the Building Zone Ordinance Maps,. be amended from
"B"., Business District to "M" Multiple. Residence District on the follow-
ing described property:
ALL that certain real property situated at Greenport, in the
Town of Southold, .County of Suffolk, State of New York, and more
particularly bounded and described as follows :
.BEGINNING at the intersection of the westerly line of Silver,-'
mere Road with the southerly line of a 210 foot road known as .'
"Silver Lane" , from said point of beginning running across
said Silvermere Road in the direct extension easterly of said
southerly line, S 850 31 ' 40" E. -50. 92 feet to the easterly line
of said Silvermere Road; thence continuing in said direct exten-
sion easterly through land of Jurzenia, S 850 31 ' 40" E.-600.0
feet; thence through said land of Jurzenia at right angles to
the last described course, S. 40 28 ' • 20" W. -500 feet more or .less,
to ordinary high water mark of Pipes Cove; thence westerly .along
said high water mark, 860 feet more or less, to land of Stein-
metz, thence along said land of Steinmetz, N. 130 45 ' .00" E.-
695 . feet .more or less, to said southerly .line- of "Silver Lane";
thence along said southerly line, S. 850 31 ' 40" E.-198. 74
feet to the point of beginning. Containing 11 3/4 acres, more
or less..
Vote ofTown Board: Ayes-Supervisor Albertson; Councilmen Demarest and
Valentine;. Justice Tuthill.
Moved by :Councilman Valentine; seconded by Justice .Tuthill;
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,, ADOPTED
DECEMBER 26,, 1967, AUTHORIZING (1) . (A) ACQUISITION OF CERTAIN
LAND SITUATE ON THE NORTHERLY SIDE OF MAIN ROAD, AT PECONIC, IN
SAID TOWNS AS THE SITE OF A POLICE HEADQUARTERSBBM.MLDENG, AT
AN ESTIMATED MAXIMUM COST OF. $6, 000 (B) APPROPRIATION OF SAID
AMOUNT. THEREFOR,, AND. (C) ISSUANCE OF $6, 000 SERIAL BONDS TO FI_
NANCE SAID APPROPRIATIONS, (2) (A) ACQUISITION OF THE EXISTING
BUILDING ON SAID SITE FOR USE AS SUCH POLICE HEADQUARTERS, AT AN
ESTIMATED MAXIMUM COST OF $18, 000, (B) APPROPRIATION. OF SAID
AMOUNT THEREFOR, AND (C) ISSUANCE OF $18, 000 SERIAL BONDS TO
FINANCE SAID APPROPRIATION, AND (3) (A) .RECONSTRUCTION,, IN PART
OF SAID BUILDING, AT AN ESTIMATED MAXIMUM COST OF $6, 000, (B) A
APPROPRIATION OF SAID AMOUTN THEREFOR, INCLUDING $300 CURRENT
FUNDS TO PROVIDE THE DOWN PAYMENT AND (C) ISSUANCE OF $5., 700 SERIAL
BONDS TO FINANCE THE BALANCE OF SAID APPROPRIATION, AND STATING
THE ESTIMATED TOTAL COST OF ACQUIRING ,SAID LAND AND BUILDING AND
RECONSTRUCTING SAID -BUILDING .IS ,#30, 000.
j
The T*WN BOARD OF THE TOWN OF SOUTHOLD, ,IN THE COU59TY OF SUFFOLK,
NEW YORK, HE REBY RESOLVED (by favorable vote of not .less ,than
two-thirds of all the .members of said Board) AS FOLLOWS:
Section 1—The Town of Southold (herein called , "Town") , in the County
of Suffolk, New York, is hereby authorized to acquire by purchase the
certain piece or parcel of land situate on the northerly side of Main
Road approximately 366 feet westerly from the intersection of the ,north-
erly side of said Main Road and the westerly side of Peconic Lane, at
Peconic,. in ,the Town, as the site of a police headquarters building. The
estimated maximum , cost of said specific object or purpose, including pre-
liminary costs of surveys, .maps, plans and estimates and costs incidental
thereto and .the financing thereof, is $6 , 000 and the said amount is .here-
by appropriated therefor. Serial bonds of the Town in the principal amount
of $6, 000 are hereby authorized to .be issued pursuant .to the Local Fianance
Law, constituting , Chapter 33-2 , of the Consolidated Laws ,of the State of
New York. (herein called "Law") , to finance - said appropriation and the plan
of financing . includes the issuance .of said serial bonds and the levy and
collection of taxes on all the taxable real ,property in the Town to pay
the principal of said bonds and the interest thereon as the same shall be
come due' and payable. .
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Section 2 .. The Town is hereby authorized to acquire by pur-
chase the existing building and origina-l - furnishings, equipment,-- mach-
inery and apparatus required for the purpose for which said buildings
is to be used, situate on the land 'hereinabove authorized to be - acquired
in Section]lhereof, for use as such police headquarters and to grade
and improve the site thereof. 'The estimated maximum cost of 's-aid spec-
ific •object or purpose, including preliminary costs and costs incid-
ental thereto and ,-the financing thereof, is $18, 000 "and the said amount
is hereby appropriated therefor. Serial bonds of the Town in the princ-
ipal amount of $18, 000 `are hereby authorized 'to be issued -pursuant
to the Lawwto 'finance said appropriation and the plan of financing in-
cludes the issuance of said serial bons and the levy and collection
of taxes on—all—the taxable real property in -the- Town to pay the princ-
ipal of said 'bonds and the interest thereon as the same shall become
due and payable.
Section 3. The Town is heregy authorized to reconstruct, ink;
part, said building authorized to be purchased- for use as police head-
quarters pursuant *to Section 2 hereof, and to purchase the original
furnishings, -equipmeht, ' machinery and- apparatus required fot the pur-
pose for which said building as so reconstructed, in part, is to be
used. The estimated maximum cost of' said specific object or purpose,
. including preliminary costs and costs incidental thereto and the
financing thereof, is $6, 000 and said amount is hereby appropriated
. therefor,' including the appropriation of $300 current funds 'now avail-
able therefor to provide the down payment required pursuant to Section
107. 00 of the Law. Serial bonds in the principal 'amount of $5, 700 are
hereby authorized to be issued pursuant to the .Law to finance the bal—
ance of said appropriation. The plan of financing includes the use of
said $300 current funds, the issuance of serial bonds of the Town iii.i
the principal -amount of '$5,-700 and the levy of a -tax upon all the tax-
able -real property 'in the Towne to pay- the principal of said bonds and
the- interest thereon as the same shall become due `and payable.
' `S•ect.iion -4. The following additional matters a-re hereby de-
temined:and declared:
(a) The estimated total cost of acquiring said land and
said buildingaand' reconstructing; )inipart, -said building, including
preliminary costs and costs of surveys; maps; plans, estimates and
hearings and costs indiden)tal thereto and the financing thereof, is
$30, 000. )
(-b)- The' period of probable usefulness of acquiring- said
land, `the' specific object or purpose -for which said -$6, 000 • serial bonds
authorized pursuant ,to Sectionl;- hereof are to--be issued; -is,- within
'the limitations of -Sect-ion 11,.00 a.' 21 of the Law, -thirty (30) years,
but the maturi-ty -of said bonds shall not exceed ten (10) years.
(c) `The period of -probable usefulness of acquiring- said
building, being of Class "C" construbt�irQntae defined by- the provisions
of Section 11. 00 a. 11 I(c) of the Law, the specific object or purpose
for' which -s-did $18, 000 serial bonds authorized 'pursuant to Section 2 .
hereof are to be 'issued, is, within the limitations of -Section 11 . 00
a. ll. (c)"'of- the Law, -fifteen (15) years; but the maturity of the
bonds herein authorized to be issued shall not exceed seven (7) years.
(d) The period 'of probable usefulness of reconstructing,
in part, said building, the specific object or purpose, for which 'the
$5', 700 serial -bonds '-authorized pursuant to Section 3 hereof are to' be
issued, ' is, within the limitations 'of- Section 11. 00 a. 12. (a) - '(3)
of the Law, ten (10) "year.
(e) Current- -funds are not required to be provided prior -
to the issuance of said $6, 000 and $18, 000 serial bonds authorized
pursuant to " Sections 1. and 2. , re' spectively, • of this- resolution 'or any
bond..anticip'ation notes issued in anticipationi- thereof, pursuant -to
the provisions of "Section 107. 00 d. `4. of the Law.
('f) Current funds -are required by the Law to be provided• prior
to the issuance of 'said $5, 700 serial bonds authorized pursuant - to
Section •3, of this resolution or any bond anticipation notes -issued
in anticipation thereof -and such current finds in •the amount of $300
are now available to said purpose from surplus moneys of the Town' and
the chief fi'sca`l officer is hereby authorized and `directed to s'et aside
said current funds and apply them solely to the specific object or
purpose hereinabove described an said Section 3.
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(.g) 'The proposed maturity of the bonds authorized by this
resolution will exceed five (5) year.
Section 5 . Each of, the, bonds 'authcr ized 'by this, resolution
and an.y, bond anticipation. notes issued in' anticipation of _said bonds,
shall contain the recital of 'validity prescribed by Sectiori '52.00
of the' Eaw and.-said bonds and, any notes issued in anticipation therof,
shall be general obligations 'of the Town, payable as to both principal
and interest by a general - tax: upon all the taxable real property within
the- Town- wi'tYiout-.' lim'itation of rate or amount. The faith and -credit of
the Town" are hereby irrevocably pledged 'to the punctual payment of the
principal and interest on said bonds and any notes 'issued in anticipation
of said bonds and provision shall be made annually in the budget of the
Town by appropriatiori for- (a) the amortization and redemption of the
bonds and notes to mature "in such gear -and (b) the payment of interest
to be due and payable , in such year.
Section' 6. ' Subjec't to the provisions of 'this resolution and of
the Law, and pursuant tD the provisons of Section 30.00 relative to the
authorization of the issuance of bond anticipation -notes and of Section.
50. 00 and Sections 56. 00 to '60.00' of the Law, the powers and duties of
the Town' Board relative to' prescribing the terms, form and contents
and asllto the sale and issuance of the bonds herein authorized and of
any , notes:" issued in anticipation' of said bonds,' and' the renewals there-
of, are hereby delegated to the chief fiscal officer of the Town.
Section 7 . ` The validity of the bonds- authorized' by this
resolution, and 'of any notes issued in anticipation of said bonds; may
be contested- only if :
(a) such obligations are authorized -for an object or purpose
for which` the Town ' is not. authorized to' expend- money,' or
(h) the provisions of law which should be complied with at '
the"date; of the publication of ' such 'resolution-, are not substantially
complied with,' arid an action, `suit or proceeding contesting sucli valid-
ity, is commenced within twenty days after the date, of such publication,
or (c) - such obligations are authorized in-' violation of the pro-
visions of the constitution.
Section 8. "This' resolution shal'1 -take, effect thirty (30) days
after its adoption, unless- within thirty (30) days after its adoption
there shall be filed 'with the ,Town Clerk, in accordance with Article 7
of ' the*' Town Law, , a petition signed and acknowledged by electors 'of the
Town of the number required by law, qualified to ' vote upon 'a proposition
to raise acid expend money, protesting against this resolution. and re-
questing that it be submitted 'to 'the electors of the '`Town for 'their
approval' or disapproval`; "in which case' this resolution shall take' effect
when' approved"by the affirmative_ vote of" a majority of` the. qualified
electors- of the Town, voting upon a proposton 'for its approval at a
referendum held in accordance with the Town Law:
Vote of Town Board:
Ayes-Supervisor Albertson; Councilmen Demarest and Valentine; Justice
Tuthill.
Councilman Valentine offered the ' following resolution.'and' moved 'its
adoption:
RESOLVED- BY -THE 'TOWN BOARD OF THE- TOWN OF SOUTHOLD " ' IN THE COUNTY OF
SUFFOLK' NEW YORK ' AS FODLOWS':
Sectionl. The Town ' Clerk of 'the 'Town of Southold; in the
County of Suffolk,'. New York; shall, within ten (10) days'.'after the,
adoption of the bond resoltuion 'referred- to in ' the. form of. Notice here-
inafter set forth in 'Section 3 hereof, .'cause to be published at *'least
-once in "THE SIIFFOLK WEEKLY TIMES" a newspaper published in Greenport,
New York, having a general circulation within said Town and hereby
designated as, the official newspaper of said Town, and to be posted on
the signboard 'maintamned pursuan'tto 'sub'division '6 of Section 30 of
the Town Law; a Notice which '-shall''set forth the date of adoption of
said forego-ing -resolution and contain-an abstract -thereof concisely
stating' "its purpose and" effect:`
2.2
Section 2. After said bond .resolution shall take effect,
the Town Clerk is hereby directed to caise said bond resolution to ,
be published, in full, in the newspaper �ereinabove referred to in
Section 1 hereof, and hereby designated the official newspaper for
said publication, together with ,a .,nbtice in substantially the form as
provided by Section 81.00 of the Local Finance_ Law, constituting
Chapter 33-a of- the Consolidated Laws of the State of New York, unless
a valid petition shall have been filed in accordance with Article. 7
of the Town Law protesting against said bond resolution' and, requesting
it be submitted to the electors for their approval. or_ disapproval._
Section 3. The Notice referred to in Section 1 hereof
shall be in substantially the following form:
TOWN OF. SOUTHOLDs IN THE -COUNTY .
OF .SUFFOLK, NEW YORK .
PLEASE TAKE N(c?TICE that on December 26, 1967, the Town Board
of the Town of Southold, in the County of Suffolk, New York., adopted
the bond resolution entitled:
"Bond Resolution of the Town of Southold, New York; adopted
December 26, 1967,, authorizing (1) (A) acquisition of certain land
situate. on .the northerly side of Main Road, at Peconic, in said Town,
as the site. of a police headquarters building, at an estimated maximum
.cost of. .$6, 0.00 (b) appropriation of said amount therefor, and (C) issu-
ance of .$6, 000 serial bonds to finance aaid appropriation,' (2) ,(A)
acquisition of the existing building on said site for use as such police
headquarters,. at an estimated maximum cost of $18, 000 (B) appropeiation
of said amount therefor, and (C) issuance of $18, 000 serial bonds to.
finance said appropriation, and (3) (A) reconstruction, in part, of
said building, at an estimated maximum cost of $6, 000, .(B) , appropriation
of said amount therefor, including $300 .current funds to provide the
down payment and (C) issuance of $5, 700 serial bonds to finance the
balance of said appropriation, and stating the estimated total cost
of. .acquiring said land and building, and reconstructing said building
is_. $30, 000, "
an abstract of which .resolution concisely stating the purpose and effect
thereof, is as follows :
.FIRST.: AUTHORIZING the Town of Southold ( "town"). to acquire
by purcIhase . the land situate on the northerly side of. Main Road approx-
imate.1.y. 366 feet westerly from the intersection of the northerly .side
of said Main Road and the westerly side of Peconic Lane, . at Peconic,
in the Town, ,as the site of a, police headquarters. building; STATING ,
the estimated maximum cost thereof, including surveys, maps, plans
and estimates and costs incidental thereto and the financing thereof.,
is $6, 000; APPROPRIATING said amount therefor; AUTHORIZING .the issuance
of $6, 000 serial bonds pursuant to the Local Finance Law ("Law") , to
finance said appropriation; and STATING the plan of financing includes
the issuance of said serial bonds and the levy and collection of taxes.
on all the taxable real property in the Town to pay the principal of
said bonds and the interest thereon as the same shall become due and
payable; '
SECOND: AUTHORIZING the Town to acquire by purchase the
existing building and original ,furnishings, equipment, machinery and
apparatus required for the purpose for which said building is to be .
used,. situate on said land. for use. as. such police headquarters, .and
to grade and improve the site; STATING the estimated maximum cost
thereof is $18, 0001 APPROPRIATING said amount therefor; AUTHOkIZIN'd
the issuance of- $18, 000 serial bonds pursuant to, the Law to finance
said appropriation; and STATING the plan of financing includes the
issuance of said serial bonds and the, levy and. collectionof taxes on
all the taxable real property in the. Town .to pay the principal of said
bonds and the interest thereon as the same shall be come due and payable;
THIRD: AUTHORIZING the Town to reconstruct, in, part, said
building, including purchase of the. original furnishings, equipment,
machinery and apparatus requrred for the purpose for which said build-
ing as so reconstructed, in part is to .be used; STATING the estimated
maximum cost thereof, is '$6",000 ' APPROPRIATING said amount therefor,
including the appropriation of. $300 current funds. available therefor to
provide' the down 'payment required; AUTHORIZING the issuance, of $5, 700
serial borids . pursuant ,to' the Law, to finance the balance• of 'said approp-
riation;` and STATING the `planes of financing includes the use' of 'said
current funds, the issuance of said serial bonds and the levy of a tax
upon all the 'taxable' real property in the Town to pay the principal of
said bonds and the interest thereon as the "same shall become due and
payable;
'FOURT.H;DETERMINING AND DECLARING that the estimated total cost
of acquiring said land and the said building and recorstructing, in part,
said' bu"ilding, is $30, 000; 'that the period of probable usefulness of
acquiring- said" land; is thiryt (30) years, `but the maturity of the bonds
hrerin- authorized to be issued therefor will not exceed ten (10) years;
that the period of probable usefulness of' acquiring said building, being
a Class "C" building as defined pursuant to the providions of Section
11.00 a. 11 (c) of the _ Law 'is fifteen (15) years, :but the maturity-of
the' bonds herein authorized to 'be' issued therefor shall not exceed.
seven (7) `years; that the period of, probable usefulness"of ' reconstruct-
ing, in part e,' said building, is ten (10) years; ' that current 'funds are
hb-t required to be 'provided prior to the issuance 'of said' $6, 000 and
$18, 000 bonds or any bond anticipation notes issued in anticipation
thereof; that current funds 'are required to be, prov'ided prior to the
issuance of siid $5, 700 bonds or any bond anticipation notes issued in
anticipation thereof and such current funds in the amoynt',of $300 are
now available to said purpose and AUTHORIZING AND DIRECTING the . chief
fiscal officer to set aside said current funds' and apply them solely'
to the. ppecifici.object or purpose hereinabove described in paragraph
THIRD.- and DETERMINING AND DECLARING, that the proposed maturity"of the
bonds -authorized by this resolution will exceed five (5) years;.'
FIFTH: DETERMINING that said bonds and-any notes- issued . in
anticipation of said bonds, shall be general obligations of the Town-
and PLEDGING to their payment . the faith and credit of the Town;
SIXTH: DELEGATING to the chief fiscal officer the`.'powers and
duties as to the issuance of said bonds and any notes 'issued `in antic-
ipation of said bonds and the renewals thereof; and
SEVENTH: `'PROVIDING -that this resolution shall take effect
thirty days after its- adoption, 'unless' within thirty days petition for
its submission to' the' electors •shall be "filed' in accordance with law,
protesting against the resolution and requesting it to be 'submitted to
the electors for their- approval' or' disapproval. '
BY' ORDER' OF''THE TOWN BOARD ALBERT W. RICHMOND
DEC EMBER 26; : 1967 . TOWN' CLERK
Section 4. ,Th•is resolution shall take effect 'immed'iately.
The adoption of the foregoing resolution was' seconded' by Ju.stice. Tuthill
and duly' put to a vote on roll call, which resulted as follows :
Ayes : Supervisor Albertson; Councilman Demarest; Councilman Valentine;
Justice Tuthill. Noes : None.
The resolution was declared unanimously adopted.
Ad•j ournment.
-Albert W.` Richmond
Town Clerk