HomeMy WebLinkAboutTB-08/09/1966 29
MEETING OF AUGUST '9, 1966
The Southold Town Board met at the office, of the Supervisor, Lester.M.
Albertson, at 16 South Street, Greenport, New York, on.August 9, 1966
with the following present: Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clark; Town Attorney Tasker; Superintendent of
Highways Dean and Town Clerk Richmond.
Moved by Justice Clark; seconded by Justice Tuthill;
RESOLVED: - That the minutes of July 26, 1966 be and they hereby are
approved.-'
Vote of Town Board: Ayes-Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clark.
Moved by Justice Clark; seconded by Justice Tuthill;
RESOLVED: That the Town Board make it's official visit to Fishers
Island, N.Y. ,on Tuesday, August 23, 1966. The meeting will be called to
order at 1 :30 P.M.The Supervisor is hereby authorized to provide trans-
portation and the boat will leave,Sterling ,Harbor at Greenport, N.Y.
at 9 :00 A.M..
Vote of Town Board: Ayes-Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clark. ,
Moved by Justice Clams seconded by Justice Tuthill;
RESOLVED: That the ,reports of. Supervisor Albertson, Building Inspector,
Bay Constable, Police and Town Clerk for the month of July be accepted
by the Town Board and placed on file.
Vote of Town- Board:. Ayes-Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clark..
Moved by. Councilman Demarest; seconded by Justice Clark;
WHEREAS, Marian Council #3852, Knights of Columbus, Cutchogue, N.Y..
,applied to the Town Clerk ,for a Bingo License, and
WHEREAS, the Town Board has-. examined the application and after investig-
ation duly made findings- and determinations as required 'by law,
NOW, THEREFORE, BE IT .RESOLVED:, That the Supervisor be and he hereby is
authorized and directed to execute on behalf of the Town Board the
findings and determinations as required by law, and it is further
RESOLVED: That the Town Clerk be and he hereby is directed to issue a
Bingo License to the Marian Council #3852, Knights of Columbus, Cutch-
ogue, New York.
Vote of Town Board: .Ayes-Supervisor Albettson; . Councilman Demarest;
Justices Tuthill and Clark. ,
Moved by Justice Tuthill; seconded by Councilman Demarest;
RESOLVED: That the Town Clerk of . the Town- of Southold .be and he hereby
is directed to request the Long Island Lighting Company to install the
following: Four (4) 100 cpoh street lights on NYTCO Poles .#2, ,4, 10
and 13 on Aquaview Avenue, East Marion, in the East Marion Light District.
One (1) 175 MVOH street light on Route 25 NYTCO Pole #879 near Penny
Lumber Co. , in the East-West Light District,and One (1) 175 MVOH street
light and ,pole on the corner of Cox Neck Road aqd 27A, Mattituck, New
York, in the Mattituck Light District.
Vote of Town. Board: Ayes-Supervisor Albertson; - Councilman Demarest;
Justices Tuthill and Clark.
Moved by, Justice Clark; seconded by Justice Tuthill :
RESOLVED: That the Supervisor, Lester M. Albertson, be and he hereby
is authorized to advertise for and to purchase from the lowest respons-
ible bidder two (2) police car radios and one (1) Walkie-Talkie radio
for -the Police Department.
Vote of Town Board: Ayes-supervisor Albertson; Councilman Demarest;,
Justices Tuthill and Clark.
Moved by Justioe Tuthill; seconded ,by Justice Clark;
WHEREAS, Manufacturers Hanover Trust Company holds in safekeeping for
our account $50, 000 U.S .T. Notes 4% due November 15 , 1966, which are
pledged to secure funds of Supervisor, Town of Southold,
RESOLVED: That this Town Board approves the action of the North Fork
Bank and Trust Company to exchange these notes for a like amount of
U.S .T. Notes 54/ due May 15, 1971 to be. pledged. to secure funds of
'the Supervisor; Town of Southold. -
Vote of Town Board.: Ayes-Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clxk. .
Moved by Justice Tuthill; seconded by Councilman Demarest;
RESOLVED: That the Southold Town ,Board approves the- action of the Fishers
Island Ferry District in granting 'an increase o.f $400. 00 per year in-
the annual salary of Ernest J. Bowles, Purser on the M/V Mystic Isle,
thus making an annual salary- of $5200. 00. `
Vote of Town Board: Ayes-Supervisor Albertson; Councilman. Demarest ,
and Justices Tuthill and Clark.
Moved by Justice Clark; seconded by Councilman Demarest.;
RESOLUTION OF THE TOWN .OF SOUTHOLD, NEW YORK, .
ADOPTED AUGUST 9, 1966, APPROPRATING $10, 160 FOR .
THE REDEMPTION, IN PART, OF THE .$36, 000BOND
ANTICIPATION NOTE FOR PURCHASE OF A PAYLOADER-1965
WHEREAS, the Town of Southold, in the County of; Suffolk, New York,
has heretofore duly authorized, sold and issued. its $36, 000 Bond
Anticipation Note For Purchase of a Pay.loader-1965, and it is now
. desirable to redeem said Note to the extent of $10, 160 from a .source,
other than the proceeds of the bonds in anticipation of ,which said .
Note has been issued;
NOW, THEREFORE, BE IT� RESOLVED BY THE TOWN BOARD OF THE TOWN OF .SOUTHOLD,
IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS :
Section 1. The amount of $10, 160 is hereby appropriated from funds
now available ,to said purpose to redeem, .in part, on or before August
12 , 1966, the outstanding $36, 000 Bond Anticipation Note For $urchase
of a Payloader-1965 of the Town of Southold, in the County of Suffolk,
New.York, hereinabove referred to in ' the recital of this resolution.,
said funds being a source other than the proceeds of the bonds in
anticipation of which said Note has been issued. - . - .
Section 2. This resolution shall take effect immediately.
Vote of Town .Board: Ayes-Supervisor Albertson; Councilman Demarest;
Justices- Tuthill -and Clark.
Moved by Justice. Clark; seconded by Councilman Demarest;
BOND ANTICIPATION NOTE RESOLUTION OF THE
TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 9,
1966, AUTHORIZING THE RENEWAL, IN PART, OF THE
$36, 000 BOND ANTICIPATION NOTE ;FOR PURCHASE .
OF A PAYLOADER-1965, BY THE ISSUANCE OF A NEW NOTE,
IN THE PRINCIPAL AMOUNT OF $25, 840.
WHEREAS, ,the Town of Southold, in the . County of Suffolk, New York,
has heretofore .duly authorized,; sold and issued its $36, 000 Bond
Anticipation Note For Purchase of a- Payloader-1965_ and has duly approp-
riated $10, 160 .f6r the redemption, in part, of said Note and it . is now
necessary and desirable to provide for the renewal, in part, of said
Note by the issuance of a Note in the principal amount of $25 ,.840; .
NOW, THEREFORE, BE IT- RESOLVED BY THE TOWN BOARD OF THE TOWN..OF
SOUTHOLD$ IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS :
Section 1. The $36, 000 Bond Anticipation Note For Purchase of a Pay-
loader-1965 of the Town of Southold, in the County of Suffolk; New
York, dated August ,12, = 1965, maturing August 12,' 1966, subject to
prior redemption, numbered 1; heretofore .duly authorized, sold and
issued pursuant to the )bond anticipation note resolution duly adopted,
by the Town Board on August 10, 1965, is hereby authorized to be renew-
ed, in part, by the issuance of a new Note in` the principal amount of
$25,840; the amount of $10, 160 having been heretofore duly appropriated
from a source other than the proceeds of the bonds in anticipation
of which said Note has been issued, to redeem; in part, said Note
291
dated August 12, 1965, all as hereinabove referred to in the recital
hereof, pursuant to the provisions of the Local Finance Law, constit-
uting Chapter 22-a of -the Consolidated Laws of the State of New York.
The maturity of said renewal Note herein authorized shall not be
later than one year from its date, and said Note may be further re
newed pursuant to the provisions of said Local Finance ,Law.
Section 2. The terms, form and details of said renewal Note shall
be as follows :
Amount and Title: $25, 840 Bond Anticipation Note For Purchase of
a Payloader-1966
Dated: August 12, 1966
Matures : August 11, 1967, subject to prior redemption
No. Rol Denominations : $25, 840
Interest rate: 3-3/4% per annum, payable at maturity
Place of;Ppayment of principal and interest: Supervisor' s Office,
Greenport., New York.
Form of Note: Substantially in accordance with form prescribed
by Schedule B, 2 of the Local Finance Law of the
- State of New York.
Section 3. Said Note -is hereby sold to the NORTH FORK BANK & TRUST
COMPANY, Mattituck, New York, for the purchase price of $25,840,
,plus the amount of interest, if any., accrued on said Note from its
date to the date of delivery thereof and payment therefor, and said.
Note shall bear interest at the rate of three and three-fourths
per centum (3-3/4%) per annum, payable at maturity.
Section 4. Said Note shall contain the recital of validity prescribed
by Section 52. 00 of said Local Finance Law and shall be a general
obligation of the Town, payable as to both principal and interest
by a- general tax uponall the taxable real property within the Town,
without limitation 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 Note and provision shall be made in
the budget of the Town by appropriation for the redemption of said
Note to .mature in such year and for the payment of interest to be,
due in such year.
Section 5. Said Note shall be executed in the . name of the Town by
its Supervisor and the corporate seal of ,said Town shall be affixed
thereto and attested by its Town Clerk.
Section 6. This resolution shall take effect immediately.
Vote of Town Board: Ayes-Supervisor Albertson; Councilman Demarest;
Justices Tuthill and Clark.
The resolution was declared unanimously adopted.
Moved by Councilman Demarest; seconded by Justice Tuthill :
RESOLVED: That General Bills in the amount of $5, 813.43; Lighting
District Bills in the amount of $3, 788.657 Fishers Island Ferry
District Bills in the amount of $29, 610. 15 and Highway .Bills in
the amount of $22, 794. 59 be and the same are hereby ordered paid.
Vote of Town Board: Ayes-Supervisor Albertson; ouncilman, Demarest
and Justices Tuthill and Clark.
Adjournment.
Albert W. Richmond
Town Clerk