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HomeMy WebLinkAbout1933_08_07 Town Board Minutes 177 ADJOURNED UEETING OF THE TOWN BOARD TOWN OF MAYARONECK, NE,. YORK held August 7th, 1933 At the Town Offices , 118 'dezt Post Road, Mamaroneck, N . Y. The meeting was called to order by the Supervisor at 10 A. M. Present . Supervisor Burton Justices Boyd, Leeds, Messeremith and Burbank Town Clerk Marvin The presence was also noted of Superintendent of Highways Coles and Counselor Gamble . Commissioner of Public `'Welfare DeVinne addressed the Board and reported that he had interviewed Mrs . Katherine 'Westwood, an applicant for the position of Supervising Case Worker in the Town Welfare Office . He stated that Mrs . Westwood had been recommended by the County 'Welfare Department and the State Ydelfare authorities; that she would accept the position at a salary of 42.000. a year of which 1,000. would be reimbursed to the town by the state ; that she desired mileage to be paid at the rate of 4)6 per mile; and that in his opinion, she was qualified for the position and he , therefore , recommended that she be engaged at once . Upon motion by Justice lessersmith, seconded by the Town Clerk, it was upon roll call unanimously RESOLVED, that Commissioner of Public Welfare DeVinne be and he hereby is authorized, empowered and directed --- to engage Mrs . Katherine Westwood as Supervising Case Worker on the terms and conditions_outlined above. The Supervisor advised the Board that in his opinion, the town would be able to sell bonds at the present time and recommended that steps be taken to conduct such a sale in the near future . Upon motion by Justice Messersmith,- seconded by Justice Boyd, the following resolution was adopted: RESOLUTION AUTHORIZING THE ISSUANCE OF $169 ,000 SE'?'d"ER FUNDING BONDS OF 1933 OF THE TOWN OF MiaARONECK, NEW YORK, DETERMINING THE FORT OF SAID BONDS .AND PROVIDING FOR THEIR SALE'. RESOLVED, by the Town Board of the Town of Mamaroneck, in the County of 'Westchester, New York, as follows : Section 1. Pursuant to the provisions of Chapter 444 of the Laws of 1933 of the State of !New York, bonds in the principal amount of $169,000 shall be issued to provide funds to pay its proportion or share of the assessments or levies imposed by the County of 'Westchester for the years 1932 and 1933 for the construction of the sanitary trunk sewer in the Mamaroneck Valley Sewer District. Section 2. Said bonds shall be designated as "Sewer Funding Bonds of 1933 , " shall be dated August 1, 1933 , shall mature in the prin- cipal amount of $15 ,000 on August 1 in each of the years 1934 to 1939, both inclusive, 420,000 on August l in each of the years 1540 to 1942, both inclusive , and $'19,000. on August 1, 1943 , shall bear interest at a rate not exceeding six per centum (6%) per annum, the exact rate to be determined by the Supervisor upon receipt of bids, payable semi-annually on the first days of February and August in each year , shall be coupon in form, registerable as to principal only or as to both principal and interest, shall be numbered from 1 to 169, both inclusive , shall be in the denomination of $1,000 . each, shall be signed by the Supervisor, and the seal of the Town shall be affixed and attested by the Town Clerk, and the coupons attached thereto shall be authenticated by the facsimile sig- nature of the Supervisor, and shall be payable as to both principal and interest in lawful money of the United States of America, at the office of the National City bank of New York, of the City , County and State of 179 Section 3 . Said bonds shall be in substantially the following form: UNITED STATES OF ALTERICA STATE OF M'd YORK COUNTY OF S'ESTCHESTER No. TOWN OF PQA11ARONECK $1,000. SELF FUNDING BOND OF 1933 -- The Town of 1amaroneck, in the County of Nestchester , a municipal corporation 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 person in whose name it is registered, on the first day of August, 19 , the sum of One Thousand Dollars (41,000 . 1 , and to pay interest on such sum at the rate of per centum ( %) per annum, semi.-annually on the first days of February and August in each year from the date of this bond until it matures upon presentation and. surrender, as they severally mature , of the coupons therefor annexmd. hereto or, if this bond be registered as to both principal and interest , to the registered owner. Both principal and interest of this bond will be paid in lawful money of the United States of America, at the office of the National City Bank of New York, of the Uity, County and State of New York. At the written request of the holder this bond may be registered as to principal on the books of the Town , kept in the office of the Town Clerk, and a certificate of such registry shall be endorsed upon this bond by such Town Clerk, after which the principal of this bond shall be payable only to the registered holder , his legal representatives , successors or assigns and shall be transferable only upon presentation to such Town Clerk, with a written assignment duly acknowledged or proved. The name of the assignee shall be entered upon this bond and such books . Such registration shall not affect the negotiability of the coupons which shall continue to pass by delivery . At the written request of the owner, this bond may be converted into a bond registered as to both principal and interest and the coupons annexed hereto cut off and destroyed after which both principal and interest shall be payable only to the registered owner, his legal representatives , successors or assigns and shall be transfer- able only in the manner hereinal?ove set forth. This bond is one of an authorized issue , the aggregate prin- cipal amount of which is : 169,000. the bonds of which are like tenor, except as to maturity , issued pursuant to the provisions of Chapter 444 of the Laws of 1933 of the State of New York, and by virtue of a resolution of the Town Board of the Town of Yamaroneck_duly adopted on August 7th, 1933. The full faith and credit of said Town are hereby irrevocably pledged to the punctual payment of the principal and interest of this bond according to its terms. It is hereby certified and recited that all conditions , acts and thins required by the Constitutidn and statutes of the State of New York to exist , to have happened and to have been performed preced- ent to and in the issuance of this bond , exist, have happened and have been 16erformed, and that the issue of bonds of which this is one, to- gether with all other indebtedness of said Town , is within every debt _ and other limit prescribed by the Constitution and laws of said State® IN V1ITNESS WEEREOF, the Town of Mamaroneck has caused this bond to be signed by its Supervisor, xxxxxxx xxxxxxxxxxxxxxxx and its corporate seal to be hereunto affixed and attested by its Town Clerk and the coupons hereto attached to be authenticated by the fac- simile s=ignature of its Supervisor, and this bond to be dated as of the first day of August, 1933. Supervisor (corporate seal) ATTEST (FORM OF COUPON) No. The Town of Mamaroneck, in the County of Westchester, a municipal corporation of the State of New York, will pay to the bearer on the first day of 19 , the sum of Dollars ($ in lawful money of the United States of America, of or equal to the present standard of weight and fineness, at the office of the National - City Bank, of New York, of the City , County and State of New York. being six months ' interest then due on its Sewer Funding Bond of 1933 , dated August 1, 1933 , and bearing Number Supervisor (FORM OF EXDORHEMLENT) CONVERSION CERTIFICATE dk'E H'+ Y CERTIFY THAT upon the presentation of the within bond with a written request by the owner thereof for its conversion into a bond registered as to both. principal and interest, we have this day cut off and destroyed coupons attached thereto , of the amount and 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 owner, his legal representatives , successors or assigns at the place stated in the within bond and in the coupons . ® Supervisor Town Clerk REGISTRATION CERTIFICATE It is hereby certified that the within bond has been regis- tered as follows:. Date of I Registered Registration Name of Registered Holder by Section 4 . Said bonds shall be sold at public sale by the Supervisor for not less than their par value . Section 5 . The full faith and credit of the Town of Mamaroneck are hereby irrevocably pledged to the punctual payment of the bonds hereby authorized and the interest thereon as the same shall become due and payable . Said bonds shall be general and unlimited obligations of the Town and this Board shall cause to be raised annually by tax upon all the taxable property in the Town, in addition to all other sums authorized by law, amounts sufficient to pay the principal and interest on said bonds as the same shall become due and payable . The foregoing resolution was adopted by the following vote : Ayes : Burton, Boyd , Leeds , Messersmith and Burbank Marvin and Coles Naves . None On motion by Justice Leeds , seconded by Justice Boyd, the following resolution was adopted. RESOLUTION AUTHORIZING TIE ISSUANCE OF $110,000.00 GENERAL BONDS OF` 1933 OF TIE TOWN OF FWANARONECK,_ NE'd1 YORK, AND DETERMINING T"TINA FORM. RESOLVED by the Town Board of the Town of Mamaroneck, in the Co}}nty of destchester, New York, as follows : -- Section 1. The sum of $100,000 is hereby appropriated for home relief in the Town of Eama roneck. Section 2. The sum of Q10,000 is. har.eby appropriated for work relief in the Town of Mamaroneck. Section 3 ., To meet said appropriations , bonds of the Town, each to be known as "General Bond of 193311 , in the aggregate principal amount of $11G.00. shall be issued pursuant to the following laws of the State of New York, as amended: The Town Law , constituting Chapter 62, the General Municipal Law , constituting Chapter 24 , of the Consolid- ated Laws and Chapter 798 of the Laws of 1931° Section 4. Said bonds shall be dated August 1, 1933, shall mature in the principal amount of $11,000 on August 1 in each of tale years 1934 to 1943, both inclusive , shall bear interest at a rate not exceeding six per centum (60) per annum, the exact rate to be determined by the Supervisor upon receipt of bids, payable semi-annually on the first days of February and August in each year, shall be coupon in form, registerable as to principal only or as to both principal and interest , shall be numbered from 1 to 110, both inclusive , shall be in the denomination of $1000 each , shall be signed by the Supervisor, and the seal of the Town shall be affixed and attested by the Town Clerk, and the coupons attached thereto shall be authenticated by the facsimile signature of the Supervisor and_shall be payable as to both principal - and interest in lawful money of the United States of America, at the office of the National City Bank of. New York, of the City, County and State of New York. Section 5 . Said bonds shall be in substantially the following form: UNITED ST.TES OF AIERICA STATE OF NEW YORK COUNTY OF WE STCHESTER TOWN OF I&AMiRONECK No. GENERAL BOND OF 1933 : 1,000 . The Town of Mamaroneck, in the County of Westchester, a Muni- cipal corporation 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 person in whose name it is regis- tered, on the first day of' August, 19 , the sum of One Thousand Dollars ($1,000 . ) , and to pay interest on such sum at the rate of per centum ( %) per annum, semi-annually on the first days of February and August in each year from the date of this bond until it matures upon presentation and surrender, as they severally mature , of the coupons therefor annexed hereto or , if this bond be registered as to both principal and interest, to the registered owner. Both principal and interest of this bond will be paid in lawful money of the United States of America at the office of the National City Bank of New York, of the City , County and State of New York, At the written request of the holder this bond may be regis- tered as to principal on the books of the Town , kept in the office of the Town Clerk, and a certificate of such registry shall be endorsed upon this bond by such Town Clerk, after which the principal of this bond sha$ be payable only to the registered holder, his legal representatives , successors or assigns and shall be transferable only upon presentation to such Town Clerk, with a written assignment duly acknowledged or proved. The name of the assignee shall be .entered upon this bond and such books . Such registration shall not affect the negotiability of the coupons which shall continue to pass by delivery . At the written request of the owner, this bond- may be converted into a bond regis- tered as to both principal and interest and. the coupons annexed hereto cut off and destroyed after which both principal and interest shall. be payable only to the registered owner , his legal representatives !: successors or assigns and shall be transferable only in the manner -, hereinabove set forth. This bond is one of an authorized issue , the aggregate principal amount of which is X110,000, the bonds of which are like tenor , except as to maturity , and is issued pursuant to the provisions of the Town Law, constituting Chapter 62, the General Municipal Law, constituting Chapter 24 , of the Consorted Laws , Chapter 798 of the Laws of 1931 , of the State of New York, as amended, and by virtue of a resolution of the Town Board of the Town of Mamaroneck adopted on August 7th, 1933 , The full faith and credit. of said Town, are hereby irrev- ocably pledged to the punctual payment of the principal and interest of- this bond according to its terms. It is hereby 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 per- formed precedent to and in 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 oth:,r indebtedness of said Town is within every debt and other limit prescribed by the Constitu- tion and laws of said State . IN 'WITNES5 :IHLRuOF, the Town of Mamaroneck 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 coupons hereto attached to be authenticated by the facsimile signature of its Supervisor, and this bond to be dated as of the first day of August, 1933. Supervisor (Corporate Seal) ATTEST own Clex (FORM OF COUPON) No. The Town of Mamaroneck, in the County of Westchester, a muni- cipal corporation of the State of New York, will pay to the bearer . o.n the first day of 19 , the sum of Dollars (4 ) , in lawful money of the United States of America at the office of the National City Bank of New York, of the City , County and State of New York. being six-.monthst interest then due on its Ueneral Bondo£ 1933, = dated August 1, 1933 , and bearing Number Supervisor 197 is one, together with all other indebtedness of said Town, is within ever;/ debt and other limit prescribed by the Constitution and Laws of said State; and the full faith and credit of the Town of Mamaron- eck are hereby pledged to the punctual payment of the principal and interest of this bond according to its terms . IN t9ITNESS JIE REO2, The Town of Mamaroneck has caused this bond to be signed by its Supervisor and its corporate seal to be hereunto affimed and attested by its Town Clerk and the coupons hereto attached to be authenticated by the facsimile signature of - its Supervisor and this bond to be dated the first day of r'',ugust, 1933. Supervisor of the Town of ATTEST: Mamaroneck TOWN CLERK (FORPII Oi� COUPON) No. The Town of Mamaroneck, in the County of Westchester, a municipal corporation of the State of New York, will pay to the bearer on the first day- of , 19 , the sum of Dollars in lawful money of the United States of America, at the National City Bank of New York, New York City, New York, being six monthst interest then due on its Fine Brook Improvement Bond , dated August 1, 1933, bearing number Supervisor of the 'Town of Mamaroneck (CONVERSION CERTIFICATE) de hereby certify that at the written request of the owner of the within bond for its conversion into a registered bond, we have this day out off and destroyed all the coupons attached to said bond, being in number, numbered from to , both inclusive , of the amount and value of Dollars ( ) each, amounting in the aggregate to Dollars ($ ) and that the interest at the rate and on the dates expressed on the face of this bond, as well as the principal thereof , is to be paid to the registered owner named in the registration blank below, his legal representatives , successors or assigns. Dated Town er o e own -6f Supervisor of the Town of Mamaroneck Mamaroneck. This bond may be registered as to principal under the signature of the Town Clerk of the Town of Mamaroneck, below, and shall thereafter be transferable only by a written assignment of the registered owner or his attorney, duly acknowledged or proved, -- such transfer to be endorsed thereon and entered on the books of said Clerk kept for that purpose . Such transfer may be to "bearer" and the coupons will remain payable to "bearer" unless and until all of them shall be surrendered and destroyed, as evidenced by the execution of the foregoing conversion_ certificate provided for that purpose . Date of Registry Name of Registered Owner Registered By 199 BE IT FURTHER RESOLVED that in each year while any of said bonds shall be outstanding there shall be levied and collected a tax upon all the taxable property in the Town of._7iamaroneck, sufficient to pay the interest on said bonds as it falls due and the principal thereof at maturity. BE IT FURTHER RESOLVED that the Town Clerk be and he hereby is authorized and directed to cause a notice of sale of said bonds to be oubliohed in the manner provided by law, calling for the receipt of sealed bids at a meeting of this Board to be held on the 22nd day of August, 1933. Said notice shall be in substantially the following form: NOTICE OF SALE, $64,000.00 TOWN OF NtAMARONECK, NE'7J YORK PINE BROOK IMPROVEIONT BONDS. Sealed proposals will be received by the Town Board of the Town of Mamaroneck, at 118 West Post Road in Mamaroneck, New York, until 4 :30 o 'clock PL 31. on August 22nd, 1933, for the purchase of the following described bonds of said Town: $64 ,000.00 Pine Brook Improvement Bands in the denomina- tion of $1,000, each, dated August 1, 1933, numbered 1 to 64, both inclusive , maturing : 2,000. on August lot in each of the years 1938 to 1945 both inclusive , $3,000. on August 1st in each of the years 1946 to 1961 both inclusive . The bonds will be issued in coupon form with privilege of registration as to principal or as to both principal and interest. Principal an.d. interest (February 1st and August lst) will be payable in lawful money of the United States -- at the National City Bank of New York, New York City, N. Y. Bidders are requested to name the rate of interest the bonds shall bear expressed in multiples of 1/10 or 1/4 of one per centum, not exceeding six per centum. The bondx will be awarded to the bidder offering to take them at the lowest rate of interest and to pay therefor the highest price. No bid for less than par and accrued interest will be considered and the right is reserved to reject all bids . Each proposal must be enclosed in a sealed envelope addressed to the undersigned Supervisor and marked on the outside '"Proposal for Bonds" , and must be accompanied by a certified check upon an incorporated bank or trust company payable to the order of the Town of Mamaroneck for two per centum of the par -aloe of the bonds to secure the Town against loss in case of the failure of the successful bidder to comply with the terms of his bid. Checks of unsuccessful bidders will be returned upon the award of the bonds . The approving opinion of Messrs. Caldwell and Raymond, attorneys , of New York amity , will be furnished to the purchaser without charge . Dated, August firth, , 1933. Supervisor Town Clerk, Town of Mamaroneck, vuestchester County , New York. The following resolution was offered by Justice Leeds andpseeonded by Justice Burbank to-wit: 2 01 WHEREAS, pursuant to authority conferred by Chapter 654 of the Laws of 1927, the Town of Mamaroneck issued $156,000. Water Distribution System Bonds for the purpose of purchasing the water distribution system in said Town formerly owned by the New York Inter Urban water Company; and =TEAS, pursuant to authority conferred by Chapter 627 of the Laws of 1929, $100,000 water Distribution System Bonds of said Town were issued for the purpose of further extending the water distrib- ution system in said Town; and WHTTEAS, funds are now required for further extending the water distribution system in said Town; NOW THERTFORF? BE IT RESOLVED, that there shall be issued Twenty®five Thousand Dollars: ($25,000.00) water Distribution System Bonds of the Town of Mamaroneck for the purpose of further extending the water distribution system in said Town, dated the first day of September, 1933, of the denomination of one thousand dollars ($19,000. ) each, numbered from two hundred and fifty-seven (257) to two hundred and eighty-one (281) both inclusive, maturing in numerical order one (1) bond on the first day of September, in each of the years 1934 to 1958 both inclusive ; that said bonds shall bear interest at a rate not exceeding six per cdntum per annum, payable semi-annually on the first days of March and September, and shall have interest coupons attached. That said bonds shall be signed by the Supervisor and sealed with the corporate seal of said Town, attested by the Town Clerk, and the interest coupons shall be signed with the fac-simile signature of the Supervisor, and that broth principal and interest shall be payable in lawful money of the United States of America, at the National City Bank of New York, New York City, New York, in New York exchange. FURTHER RESOLVED, that said bonds shall be issued in sub- stantially the following form, to-wit: UNITED STATES OF AMERICA STATE OF NEW YORK TOWN OF MAMARONECK WATER DISTRIBUTION SYS'TFM BOND No. $1,000. KNOW ALL MEN BY THESE PRESENTS, That the Town of Mamaroneck, a municipal corporation in the County of Westchester, State of New York, hereby acknowledges its indebtedness and for value received promises to pay to bearer on the first day of September, 19 —. the sum of ONE THOUSAND DOLLARS 01,000. ) , together with interest thereon from the date hereof at the rate of ( ) per centum per annum, payable semi-annually on the first days of March and September upon presentation and surrender of the annexed interest coupons as the same respectively mature. Both principal and interest of this bond are payable in lawful money of the United States of America, at the National City Bank of New York, New York City, New York, in Yew York exchange. This bond. is issued for the purpose of further extending the water distribution system in said Town pursuant to and in strict compliance with the Constitution and statutes of the= State of New York, including among others Chapter 654 of the Laws of New York of 1927 and the acts amendatory thereof, and proceedings of the Town Board of said Town duly hand and taken in all respects authorizing the same. It is hereby, certified, recited and declared: that all acts, conditions and things required to exist, to happen and to be performed precedent to and in the issuance of this bond; exist, have happened and have been performed in due time, form and manner as required by law; that the issue of bonds of which thin is .one , .together with all other indebtedness of said Towns is within every debt and other limit prescribed by the Constitution and Laws of the State Of New York, and that due provision has been made for raising annually by tax on the taxable property of said 'Town, a sum sufficient to pay the principal and interest of this bond as the same respectively become due and payable. The full faith and credit of said Town are hereby irrevocably pledged to the punctual payment of the principal and interest of this bond according to its terms This bond may be registered as to principal only as well as to both principal and interest in accordance with the provisions of the General Municipal haw. If this bond be registered as to both prin- cipal and interest, the interest-hereon at the request of the registered owner, will be remitted by mail in New York exchange. IN WIT17SS WHE'REOFr the said Town of Kamaroneck has caused this bond to be signed by its Supervisor and sealed with the corporate seal of said Town, attested by its Town Clerk, and the interest coupons hereto annexed to be signed with the fac—simile signature of said Supervisor, and this bond to be dated as of the first day of September, 1933. TOWN OF MAMARONECK ATTEST: By Supe rvi so r Town Clerk (FORM OF COUPON) No. March On the first day of September, 19 , the Town of Mamaroneck, in the County of Westchester, New Yorks wil=ay to bearer the sum of DOLLARS (0 ) , at the National City Bank of New York New York City, New York, in New York exchange , being six months ' interest then .due .on its hater Distribution System Bond, dated September 1, 1933, No._, Supervisor CERTIFICATE OF REGISTRATION AS TO PRINCIPAL ONLY This bond may be registered by the owner in his name as to principal under the signature of the Town Clerk of the Town of Mamaroneck, in the County of Westchester, New York, or other Registrar, below, and shall thereafter be transferable only upon the written assignment of the registered owner or his attorney, duly acknowledged or proved, such registration and transfer to be made on the books of said Clerk or other Registrar, and a notation thereof to be made hereon. Such transfer may be to bearer, after which this bond shall be subject to subsequent registrations and transfers as before. The coupons will remain payable to bearer notwithstanding such registration unless this bond shall be converted into a fully registered bond by the surrenders nd cancellation of coupons, which surrender and cancellation shall be noted on said books and upon this bond. The principal of this bond, if registered, will be payable to the registered owner or his legal representatives, successors or assigns. Date of Registry Name of Registered Onner. Signature of Registrar 0 CFRTIFICATE OF CONVERSION INTO A FULLY REGISTERED BOND. Upon the written request of the owner of the within bond for its conversion into a fully registered bond, I have this day, cut off and destroyed coupons annexed to this bond amounting in the aggregate to DOLLARS ($ ) , and the interest on this bond at the rate and on the dates as was provided by the coupons as well as the pineipal thereof will hereafter be paid to , legal representatives, successors or assigns, at the place of payment specified therein, or, at the request of the registered owner,_ the interest will be remitted by mail in New York exchange. This bond hereafter will be transferable on the books of the Town Clerk of the Town of Mamaroneck, in the County of ffestchester, New York, or other Registrar only on presentation of the same with a written assignment duly acknowledged or proved. Dated (Official Title) Date of Registry Name of Registered Owner: Signature of Registrar. FURTHER RESOLVED, that there shall be levied, assessed and collected annually by tax upon the taxable property of said Town a sum sufficient to pay the principal and interest of. said: bonds as the same respectively become due and payable. FURTHER RESOLVED, that the sum necessary to pay Ehe principal and interest of said bonds may be provided for and included in the water rates or raised as otherwise :provided in said Chapter 654 of the Laws of 1927, as amended, but this providion-shall in nowise limit or control the power and duty of the Town Board to assess, levy and collect an annual tax sufficient to pay the principal and interest of said bonds as the same respectively become due and payable. FURTHER RESOLVED, that said bonds shall be negotiated by the Supervisor of said Town for not less than par and sold in the manner provided by law, and the Supervisor is hereby authorized to award said bonds. FURTHER RESOLVED, that when said bonds shall have been duly sold and executed, the same shall be delivered to the purchaser upon payment of the purchase price to the Supervisor; and the receipt of the Supervisor shall be a full acquittance to said purchaser who shall not be obliged to see to the application of the purchase money. The foregoing resolution was duly put to a vote which resulted as follows: Ayes Burton, Boyd, needs, Messersmith, Burbank, Marvin and Coles Noes -- None '207 The following resolution was offered by Judge Leeds, seconded by Judge Burbank and unanimously adopted upon roll call, to-wit: RESOLVED, WHTRFAS this Board heretofore petitioned the Board of Supervisors for authorization to borrow the sum of $75,000. in connection with the reconstruction and/or pavement of Chatsworth Avenue and Rockingstone Avenne,, and WHEREAS the Board- of Supervisors on October 15 1931, authorized the Town to borrow the said sum, and WHEREAS said bonds have never been issued, and WHEREAS it is now deemed desirable to increase the amount heretofore authorized by $5,000. to $80,000. and to provide for dating the bonds as of September • l, 1933, and to provide new maturities, THTREFORE, BE IT HTSOLVED, that this Board do and it hereby does petition the Board of Supervisors of the County of Westchester to amend Act I=VIII adopted on October 15, 1931, and that said petition in the following form for said purpose be executed by the members of th%s -Board: To THE HONORABLE BOARD OF SUPERVISORS OF THE COUNTY OF WESTCHESTER WHEREAS, heretofore on the 18th day of September, 1931, this Board petitioned your Honorable Board for authorization to borrow on the faith and ere-iit of the Town of Mamaroneck, the sum of $75,000 for the purpose of paying the cost of draining, curbing, grading, paving and otherwise improving CHATSWORTH AVENUE' and ROCKINCSTONF AVENUE in said Town of Mamaroneck, pursuant to the provisions of Chapter 17 of the Laws of New York of 1905, as amended; and WHEREAS, your Honorable Board, by Act No. L9ILFIII passed on the 15th dad of October, 1931, did authorize the Town of Mamaroneck to borrow the sum of $75,000 to pay the cost mf improving Chatsworth Avenue and Rop'kingstone Avenue. and to issue its bonds therefore ; and WHERFAS, pursuant to such act, the Town Board of the Town of Mamaroneck w as authorized to issue $75,000 Highway Improvement Bonds 1931, of the denomination of $,"19000 each, numbered from l to 75 both inclusive, dated October 1, 1931, maturing $4,000 on October 1, in each of the years 1932 to 1946 both inclusive , and $3,000 on October I, in each of the years 1947 to 1951 both inclusive , bearing interest at a rate not exceeding six per centum per annum; payable semi-annually April 1 and October 19 and both principal and interest of said bonds payable in gold coin of the United States of America of the present standard weight and fineness, or its equivalent in lawful money -of the United States, at the Trust Company of Larchmont, Larchmont, New York, in New York exchange, or at the Bankers Trust Company, New York City, New York, at the option of the holder; and WHEREAS, the first installment of bonds has already become due and the second installment will become due on Odtober It 1933; and WHEREAS, the total cost of such improvement, including all incidental expenses, is not less than $8090005 and it is therefore nec- essary to issue the entire amount of $75,000 already authorized plus an additional sum of $59000; 209 NOW, THEREFORE', WE REQUEST that Act No. LXX11 adopted by your Honorable Board on October 15, 1931r be amended so as to authorize the Town of Mamaroneck to borrow upon its faith and credit the sum of $809,000 and to issue its bonds therefore to pay the cost of improving Chatsworth Avenue> and RockingstorE Avenue in said Town, dated September 1, 1933, numbered from 1 to 80 both inclusive, of the denomination of $1,000 each, maturing $4,000 on September 1, in each of the years 1934 to 1953 both inclusive, bearing interest at a rate not exceeding six per cent= per annum, payable semi-annually March l and September 1, and both principal and interest of said bonds payable in lawful money of the United States of America, at the Trust Company of Larchmont , Larchmont, New York in New York exchange, or at the Bankers Trust Company, New York City, A. Y. at the option of the holder. Dated: AuMast 7th, 1933. lsl George w. Burton Supervisor Isl VVm. A. Boyd s William D. Leeds wesla BH. Kessersmith s B. C., Burbank Justices of the Peace Isl Walter R. IIiarvin Jr down Clerk lsl John L Coles Town Superintendent of Highways The following resolution was offered by Justice Leeds, and seconded by Justice Burbank, to-wit : wFREAS on the 7th day of August, 1933 the Town Board adopted a resolution authorizing the issuance and'_ sale of $110,000 General Bonds of 1933 of the Town of Mamaroneck, .dated August 1, 1933, of the denomination of $1,000. eachy numbered I to 110, both inclusive , bearing interest at a rate not exceeding six per centum per annum; pay- able semi-annually on February 1 and August 1, in each year, and matur- ing in numerical order, $119,000. on August 1 in each of the years 1934 to 1943, both inclusive, and WHEREAS on the 7th day of August, 1933, the Town Board adopted a resolution authorizing the issuance and sale of $169,000. Sewer Funding Bonds of 1933, of the Town of Mamaroneck, dated August 11 1933, of the denomination of $1,000. each numbered 1 to 169 , both inclusive , bearing interest at a rate not exceeding six per centum per annum, payable semi-annually on February 1 and August 11, and maturing in numerical order $15,000. on August 1 in each of the years 1934 to 1939 both inclusive , and $20,000. on August 11 in each of the years 1940 to 1942, both inclusive , and $19,000. on August 1, 1943, and wPFREAS on the 7th day of August, 1933, the Town Board adopted a resolution authorizing the issuance and sale of $60,000. Sewer District No. 1 Bonds Series K of the Town of Mamaroneck, dated August It 1933, of the denomination of $12000. each, numbered from l to 60, both inclusive , bearing interest at a rate not exceeding six per centum per annum, pay- able semi-annually on February 1 and August 1 in each year and maturing in numerical order, $2,000. on August It in each of the years 1934 to 1963, both inclusive , and wHrREAS', on the 7th day of August, 1933, , the Town Board adopted a resolution authorizing the issuance and sale of "$80,000. Highway Imsprove- ment Bonds 1933 (Chatsworth Avenue and Rockingstone Avenue) of the Town of Mamaroneck, dated September 1, 1933, of the denomination of ° 1,000. each, neared from I to 802 -both inclusive , bearing interest at a rate not exceeding six per centum per annum, payable semi-annually on March I and September 1, in each year and maturing in numerical order $4,000. on September 1 in each of the years 1934 to 19539 both inclusive , and G-,g1 w WHE-REAS, on the 7th day of August, 1933, the Town Board adopted a resolution authorizing the issuance and sale of $64,000. Pine Brook Improvement Bonds of the Town of Mamaroneck dated August lsti�, 1933, of the denomination of $1,000. each, numbered from 1 to 64, both inclusive , bearing interest at a rate not exceeding sip per centum per annum, pay- able semi-annully on February .1 and August 1 in each year and maturing in numerical order, 82 ,000, on August --l' in each of the years 1938 to 1945,- both inclusive , and $3,000. on August '.:1 in each of the years 1946 to 1961, both inclusive; and WHFREAS, on the 7th- day of Augusts 1933, the Town Board adopted a resolution authorizing the issuance and sale of $253,000. Water Distrib- ution System Bonds of the Town of Famaroneck, dated September 1, 1933, of the denomination of ,$19000. each, numbered from 257 to 281, both inclusive, bearing interest at a rate not exceeding six per centum per annum, payable semi-annually on March 1 and September 1, and maturing in numerical order, one bond on September 1 in each of the years 1934 to 1958, both inclusive, and WHEREAS all of said issues bf bonds will be sold at the same time and place and it is desirable to sell the first three of said issues above named under one notice of sale , separate notices of sale having been adopted for the three: issues last named, and WEEREAS it is desirable that Bidders must bid for all of the aforesaid issues of Bonds to be sold at the same time and place in the principal amount of $508,000. and state a single rate of interest therefor. THEREFORE Br_ IT RESOLVED that bidders must bid all of the aforesaid issues of Bonds to be sold at the same time and place in the principal amount of $508,000. and state a single rate of interest therefor. FURTHER RESOLVED, that the Supervisor advertise the sale of said $110,000. General Bonds' of 1933, $1693,000. Sewer Fundin# Bonds of 1933 and $60000. Sewer District No. 1 Bonds, Series K, under one notice of sale, such notice of sale to be published in the Daily Times, a newspaper published in the Village of Mamaroneck in said Town, which newspaper is designated as the official newspaper of said Town for the purpose of said publication, at least ten days before and excluding the date of sale; and also to be published at least once in the Daily Bond Buyer, a financial newspaper published in the City of New York, at least ten days before and excluding the date of sale; such notice of sale to be in sub- stantially the following form, to wit : NOTICE OF SALE TOWN OF P _Q1ARONECK WFSTCHESTER COUNTY. NEW YORK $3399000. BONDS Sealed proposals will be received by the Town Board of the Town of ?Mamaroneck in the County of Westchester, New York, on the 22nd day of August, 1933, at 4 :30 O clock PT, M. (daylight saving time) at the office of the Town Clerk, 118 West Post Road, in the Village of Mamaroneck, I New York, for the purchase of the following described: bonds of said Town of Mamaroneck, to wit: $110,000. General Bonds of 1933 of the Town of Mamaroneck, numbered 1 to 110, broth inclusive , maturing in numerical order, $11,000. on August l in each of the years 1934 to 1943 both inclusive. $169,000. Sewer Funding Bonds of 1933 of the Town of Mamaroneck, membered 1 to 1692 both inclusive , maturing in numerical order, $152,000. on August 1 in each of the years 1934 to 1939, both inclusive , and $20,000. on August 1 in each of the years 1940 to 1942, both inclusive , and $199000. on August 1, 19439 1 $60,000.00 Sewer District No. 1 Bonds Series K of the Town of Mamaroneck, numbered from 1 to 60, both inclusive , maturing in numerical order, $2,000. on August 1 in each of the years 1934 to 1963, both in- clusive. Said Bonds will be dated August 1, 1933, will be of the denom- ination of : 1,000. each. Interest at a rate to be determined as herein- after provided, will be payable semi-annually, on February l and August 1, in each year. Both principal and interest of said bonds will be payable in law- ful money of the United States of America, at the office of the National Cit.t Bank of New York; of the City, County and State of New York. The 'bonds will be coupon bonds with the privilege of registration as to principal only or as to both principal and interest. Bidders must state in their bids a_ single rate of interest which all of the bonds offered for sale are to bear, expressed in a multiple of one-quarter or one-tenth of one per centum, but not exceeding six per centum CG%) per annum, and must state the price offered, but not less than par. The bonds will bear the lowest rate of interest stated by any bidder in a duly acceptable bid, and will be awarded to the bidder stating such lowest rate. If two or more bidders offer to take such bonds at the same lowest rate, then the bonds will be awarded to the one of such bidders offering to pay the highest price therefor. The bonds will not be sold for less than par, and in addition to the amount bid the successful bidder must pay accrued interest at the rate borne by the bonds from the date. of the bonds to the date of payment of the purchase price. The right is reserved to reject all bids and any bid not complying with the terms of this notice will be gejected. All bidders are required to deposit a certified check payable to the order of the Town of Mamaroneck, New York, for two per centum (2/) of the amount of bonds bid for, drawn upon an incorporated bank or trust company. Checks of unsuccessful bidders will be returned upon the award of the bonds. Interest at the rate borne by the bonds from the date of award to the date of delivery will be alloyed upon the amount of the check of a successful bidder and such check with be retained to be applied in part payment for the bonds or to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. Proposals should be addressed to George W. Burton, Supervisor, Mamaroneck, New York, and enclosed in a sealed envelope marked on the outside "Proposal for bonds. " The .successful bidder will be furnished with the opinion of Messrs. Hawkins, Delafield €e Longfellow, of New York City, that the bonds are binding and legal obligations of the Town of Mamaroneck. By order of the Town Board dated August 7, 1933 (signed) GFORGE 'W. BURTON Upon motion by Justice Boyd, seconded by Justice Burbank, it was unanimously upon roll call RESOLVED that the Supervisor advertise the sale of said $80,0000. Highway Improvement bonds - 1933, (Chatsworth Avenue and Rockingstone Avenue) and $25,000. water Dis- tribution System bonds under one notice of sale, such notice of sale to be published in the Daily Times, a news- paper published in the Village of Mamaroneck in said Town and in the Larchmont Times, a weekly newspaper published in the Village of Larchmont, in said Town, which newspapers are designated as the official newspapers of said Town for the purpose of said publication, at leastten days before and including the date of sale and also to be published at least once in the Daily Bond Buyer, an official newspaper published in the City of New York, at least ten days before and includ- ing the date of sale , said notice of sale to be in substantially the following form; "I � $105,000. r TOWN OF VA@dARONECK, NEW YORK BOND SAIE NOTICE IS HEREBY:GIVEN that the undersigned Supervisor of the Town of Mamaroneck, New York, will receive sealed proposals at 118 West Post Road, Village of Mamaroneck, New York, until 4:30 o'clock P.M. , (Daylight Saving Time ), on the 22nd day of August., 1933s for the purchase at not less than par and accrued interest of the following described bonds of said Town of Mamaroneck, to-wit- $80 ,000. HIGFWAY IHPROVFMFNT BOLMS-1933 (Chatsworth Avenue and Rockingstone Avenue ), maturing 4000. on September 1, in each of the years 1934 to 1953 both inclusive. $25,000. WATER DISTRIBUTION SYSTEM BOIvDS, maturing $1,000. on September I, in each of the years 1934 to 1958 both inclusive. That all of said $105,000. bonds shall be in coupon form, dated September 1, 1933, of the denomination of $13,000 each, and bearing interest at a rate not exceeding six per centum per annum, payable semi-annually March I and September 1. Payment in lawful money of the United States of America at the National City Bank of New York in the City and State of New York, in New York Exchange. Said bonds will be registerable as to principal only or as to both principal and interest. Bidders must bid for all of said $105,000 bonds and state a single rate of interest therefor. Award to bidder at lowest rate of interest in a multiple of one-quarter or one-tenth of one per centum per annum regardless of premium, or to highest bidder at such lowest rate. Certified or bank or trust company check to order of the Supervisor of- the Town of Mamaroneck for 2110 of the amount of bonds bid for required with each bid. The right is reserved to reject any and all bids. The approving opinion of bessrs. Clay, Dillon & Vandewater attorneys of New York City-9 will be furnished to t he purchaser with@ut cost. Dated; Mamaroneck, New York, GEORGE W. BURTON August 7th, 1933 Supervisor Upon motion by the Clerk, seconded by Tustice Messersmith, it was upon roll call unanimously RESOLVED, that the Board of Supervisors be and they hereby are petitioned to support the enactment of an amendment to Chapter 105 of the Laws of 1915, known as the Westchester County Tax Act, whereby tax payments in towns in Westchester County may be made in installment Payments ; and be it further RESOLVED, that the Board of Supervisors be and they hereby are requested to approve such a plan, have an act immediately drawn and forward it to Albany for introduction, and use all honorable means to have this legislation enacted by the present special session of the Legislature so that it may apply to 1933 school taxes and subsequent tax l4vies. At 11:15 A. X. the Board unanimously resolved to recess to meet again at the call of the chair to take up such matters as might Properly come before the Board. Town Clerk