HomeMy WebLinkAbout1940_07_08 Town Board Minutes SPECIAL MEETING OF THE TOWN BOARD
TOWN OF MAMARONECK, NEW YORK
HELD JULY 81 1940
At the Town Offices, 158 West Boston Post Road, Mamaroneck, N. Y.
The meeting was called to order by Supervisor McCulloch M
at 11:00 A. M.
Present : Supervisor McCulloch
Councilmen Bates, Mandeville, Meginniss
Absent: Councilman Griffin
The presence was also noted of Torun Clerk Payne and
Comptroller Luceno .
On motion of Councilman Meginniss, seconded by Councilman
Bates, the following preamble and resolution were presented:
WHEREAS, the following certificate has been received from
the Supervisor:
"CERTIFICATE OF AWARD OF BONDS AT PUBLIC SALE"
I. BERT C. McCULLOCH, Supervisor of the Town of
Mamaroneck, in the County of Westchester, New York,
HEREBY CERTIFY that the following sealed bids, and no
others, were received by me prior to 10:00 o'clock A. M.
EASTERN STANDARD TIME (11:00 o' clock A. 1 1. Daylight
Saving Time) on the 8th day of JULY, 1910, for the $31,000
General Bonds of 1940, Series I. and the $28,000 General
Bonds of 1940, Series II, of the Town of Mamaroneck, New
York, previously advertised to be sold at said time and
place :
BIDDER INTEREST RATE AMOUNT BID
-- Geo. B. Gibbons & Co. , Inc . 1.60 $ 59,107.38
First National Bank, Mt . Vernon 1.60/0 59,011.00
Adams, McEntee & Co. 1.700 59,161.07
County Trust Company, Mamaroneck 1.70%0 59,009 .00
A. C. Allyn & Co. 1.750 59,084.96
E. H. Rollins & Sons, Inc . 1.90/0 59,095 .00
R. D. 17dhite & Co. 2.000 59,165 .84
Roosevelt & Weigold 2.00% 59,041.30
Ira Haupt & Co. 2 .10% 595101. 50
I FURTHER CERTIFY that all of the said bids were duly
opened in public at said time and place and that I did then
and there award said bonds bearing interest at the rate of
one and six-tenths per centum (1.60°%0) per annum to MESSRS.
GEO. B. GIBBONS & CO. , INC. the successful bidder, at the
price of $59,107 .38, and that all other bids for said bonds
were rejected and the checks which accompanied said bids
were returned to and accepted by the other bidders for said
bonds .
IN WITNESS WHEREOF, I have hereunto set my hand this
8th day of July, 1940.
Bert C. McCulloch
Supervisor It
Now, therefore, be it
RESOLVED BY THE TOV1N BOARD OF THE TOWN OF MANIARONECK,
IN THE COUNTY OF WESTCHESTER, NEW YOEK, as follows :
Section 1. The award of the $31,000 General Bonds
of 1940, Series I, and the $28,000 General Bonds of 19401
6
Series II, of the Town of Mamaroneck, New York, to
MESSRS. GEO. B. GIBBONS & CO. , INC. at their bid of
$59,107.35 is hereby approved, ratified and confirmed,
and all of said bonds of said issues shall bear interest
at the rate of one and six tenths per centum (1.60%)
per annum.
The foregoing resolution was adopted by the following
vote :
AYES: Supervisor McCulloch
Councilmen Bates, Mandeville, Meginniss
NOES: None
At 11:10 A. M. the Board unanimously, resolved to adjourn.