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HomeMy WebLinkAbout1939_05_20 Town Board Minutes SPECIAL MEETING OF THE TOWN BOARD TOvVN OF MAiV1ARONECK, INEVV YORK HELD wiAY 20, 1939 At the Town Offices, 158 West Boston Post Road, IViamaroneck, N . Y. The meeting was called to order by Supervisor McCulloch at 10: 00 A. 191. Present : Supervisor McCulloch Councilmen Bates, Griffin, Mandeville, meginniss Absent : None The presence was also noted of Town Clerk Payne and Town Attorney Delius. Councilman Bates introduced the following resolution: RESOLUTION AMENDING A RESOLUTION ENTITLED "RESOLUTION APPROPRIATING TIC SUM OF $100, 000. TO PAY A PORTION OF TIL COST OF PUBLIC I142ROVEIVIENT VVO.HK RELIEF PROJECTS IN THE TO'.V1%1, AUTHORIZING TFLE ISSUANCE OF $1001000 . BONDS OF THE TOWN FOR SAID PURPOSE, DETERMINING THE FORM OF SAID BOi�1DS AND PROVIDING FOR THEIR. SALEP°, ADOPTED BY TEI S BOARD ON IiiAY 3, 19395 AND CONFIRMI1JG THE A-WARD OF SAID BONDS . RESOLVED BY THE TOWN BOARD OF THE TO'VVIV OF MAMARONECK, IN THE COUNTY OF VVESTCHESTER, NEVI YORK, as follows: Section 1. Sections 1, 2, 3 and 4 of a resolution entitled: "Resolution appropriating the sum of 4100, 000. to pay a portion of the cost of public improvement work relief projects in the Town, authorizing the issuance of 41003000, bonds of the Town for said purpose, determining the form of said bonds and providing for their sale ". duly adopted by this Board at a regular meeting held on Niav 3, 1939, are hereby amended to read as follows: Section 1. The sum of 484,561.83 is hereby appropriated to pay the portion to be borne by the Town of public improvement work relief projects in the Town undertaken through or by the authority of the ";Yorks Progress Administration of the federal government; including the cost of furnishing labor, materials, supplies and equipment for such projects and incidental expenses in connection therewith, the said public improvement work relief projects to include only projects having a period of probable usefulness of at least ten (10) years, computed from February 1, 1938 the date of the first indebtedness, whether temporary or permanent , incurred to finance any portion of the cost thereof. Section 2. The sum of 'x;15,438.17 is hereby ap- propriated to pay the portion to be borne by the Town of public improvement work relief projects in the Town undertaken through or by the authority of the Works Progress Administration of the federal government, or other work relief authority of the federal government, including the cost of furnishing labor, materials, supplies and equipment for such projects and incidental expenses in connection there- with, the said public improvement work relief projects to include only projects having a period of probable usefulness of at least five ( 5) years, computed from February 1, 1938, the date of the first indebtedness, whether temporary or permanent, incurred to finance any portion of the cost thereof. Section 3. To meet the appropriation made in section 1 hereof, bonds of the Town in an aggregate principal amount notexceeding 4;84,561.83 shall be issued, and to meet the appropriation made in section 2 hereof, bonds of the Town in an aggregate principal amount not exceeding y15,438.17 shall be issued. Section 4. Said bonds shall be combined in a single issue, shall each be designated "General Bond of 193911 , shall be dated February 1, 1939, and shall. mature in annual installments of principal as set forth in the folloAing schedule: Maturities of bonds Maturities of bonds issued to finance the issued to finance the Combined li;aturity appropriation made in appropriation made in Annual Date Section 1 hereof. Section 2 hereof. Maturities: February 1,1940 8,140.46 3,859.54 12, 000. February 1,1941 8,140.46 3,859.54 12, 000. February 1,1942 8,140.46 3,859, 54 123000. February 1,1943 82140.45 3,859.55 125000. February= 151944 12, 000. 00 12, 000. February 1,1945 10, 000. 00 100000. February 1,1946 10, 000.00 105000. February 1, 1947 10, 900. 00 10,000• February 1,1948 10, 000. 00 10,000. 84,561.831b,438.i7 4,100, 000. Said bonds shall bear interest at a rate not exceeding six per centum (6M per annum, payable semi-annually on the first days of February and August in each year, to be expressed in a multiple of one-tenth or one- quarter of one per centum, the exact rate to be deter- mined by the Supervisor upon receipt of bids, shall be numbered in order of maturity from 1 to 100, both inclusive, shall be of the denomination of x'1,000. each, shall be payable as to both principal and interest in lawful money of the United States of America, at the office of the First National Bank of tiount Vernon, Mount Vernon, New York, or, at the option of the holder, at the principal office of the Guaranty Trust Company of New York, in the City, County and State of New York, shall be coupon bonds, registerable as to principal and interest , and shall be signed by the Supervisor and the corporate seal of the Town shall be affixed thereto and attested by the Town Clerk and the coupons attached thereto shall be authenticated by the facsimile sig- nature of the Supervisor. Said bonds shall be issued pursuant to the following laws of the State of Kew York: Chapter 782 of the Laws of 1933, as last amended by Chapter 456 of the Laws of 1939, and the Town Law, con- stituting Chapter 62, and the General Municipal Law, constituting Chapter 24, of the Consolidated Laws, as amended. Section 2. The said bonds shall be in substantially the form provided in section 5 of said resolution adopted May 3, 1939, except that said bonds shall recite that they are issued pursuant to the laws set forth in section 4 of said resolution, as hereby amended. Section 3. The acts of the Supervisor in awarding said bonds at public sale on MAY 19, 1939 to A. C. ALLYN and CO1JMPANY, !_NC . at the price of $100,029.50, said bonds to bear interest at the rate of one and ninety one-hundredths per centum (1. 90yo ) per annum, are Hereby in all respects ratified, approved and confirmed. On motion of Councilman Bates, seconded by Councilman Griffin, the foregoing resolution was adopted by the following vote: AYES: Supervisor lAcCulloch Councilmen Bates, Griffin, Mandeville, Meginniss NOES: None The following resolution was offered by Councilman Mandeville and seconded by Councilman Bates, to-wit: WHEREAS, on the 19th day of January, 1939, the Town Board of the Town of Mamaroneck authorized the issuance of an $8, 100 Certificate of Indebtedness in anticipation of the issuance of bonds for the purpose of paying one- -- half of the cost of the purchase of certain land as a site for the construction of an incineration disposal plant pursuant to Chapter 430, Laws of 1938, and inci- dental expenses, and to renew an outstanding certificate of indebtedness dated 1,1ay 2, 1938 and maturing on February 2, 1939; and WHEREAS, said- $58, 100 Certificate of Indebtedness, numbered L. M. 2, dated February 2, 1939, matures June 1, 1939, and it is the desire of the Town Board to renew said Certi- ficate of Indebtedness by the issuance of a new Certificate of Indebtedness; NO-ID, THEREFORE, BE IT RESOLVED, that for the purpose of renewing said outstanding $8,100 Certificate of Indebtedness of said Town, there shall be issued a Certificate of Indebtedness of said Town in the principal amount of X8,100, dated June 1, 1939, beari= . interest at a rate not exceeding five per centum per annum payable at maturity, and maturing not later than February 1 , 19409 Said Certificate of Indebtedness shall be signed by the Supervisor and sealed with the corporate seal of the Town, attested by the Town Clerk, and shall recite that all requirements of law have been complied with and shall be otherwise in such form and contain such recitals as said officers by executing the same shall determine. Said Certi- ficate of Indebtedness shall be sold by the Supervisor at private sale at the lowest rate of interest obtainable at not less than par. FURTHER RESOLVED, that the proceeds derived from the sale of said Certificate of Indebtedness shall be used to pay said outstanding Certificate of Indebtedness. FURTHER RESOLVED, that said Certificate of Indebtedness shall be a general obligation of the Town of Mamaroneck and the full faith and credit of said Town shall be pledged for the payment of the principal and interest thereof. The question of the adoption of the foregoing resolution was put to a vote which resulted as follows- AYES: Supervisor McCulloch Councilmen: Bates, Griffin, Mandeville , Meginniss NOES: None The resolution was thereupon declared duly adopted. On motion by Councilman Griffin, seconded by Councilman Mandeville, it was unanimously RESOLVED, that the Supervisor be and he hereby is authorized to sign a modification agreement between the Bonnie Briar Holding Corporation and the County of 'Westchester relative to building a stone wall instead of a wire fence on property. of the Bonnie Briar Country Club, in connection with the widening and improvement of Weaver Street , State Highway #r19.