HomeMy WebLinkAbout1937_03_16 Town Board Minutes SPECIAL NEETIICG OF THE T01TN BOARD
TOVIIN OF liLbIARONECH, N. Y.
HELD !vIARCH 16, 1937
At the Town Offices, 158 West Boston Post Road, Mamaroneck, N. Y.
The meeting was called to order by Supervisor McCulloch at
2:00 P. N.
Present: Supervisor 1acCulloch
Councilmen Bates, Brennan, Griffin
Absent: Councilman r:eginniss
The presence was also noted of Town Clerk :Marvin and Town
Attorney Delius.
The Supervisor stated that the meeting was called for the
purpose of receiving bids on x;:10,000 Public ',forks Bonds of the Town
of ' amaroneck, in accordance with notice duly given.
He inquired if there were any persons present who desired to
submit any bids. There being none, he directed the Clerk to open
those bids which he had already received.
The Clerk opened the bids which showed as follows:
_?ame of Bidder: Rate of Interest : Amount Bid:
Roosevelt 2 ':Ieigold 3.75yo 100.15
The First rational Bank
of Vilount Vernon, '_V. Y. 2. 75 $~10,005.00
Brown C", roll 4J 410, 028.00
The following resolution was offered. by Councilman Bates
and seconded. by Councilman Brennan, to-wit:
—REREAS, pursuant to the resolution passed by this
Board on February 17, 1937, '§10, 000 Public Works
Bonds of the Town of -Eamaroneck have been duly
advertised for sale on notice published in THE DAILY
TI2ES, which is designated the official newspaper of
the 'Down for such publication, sealed proposals to be
received and considered at 2: 00 o' clock P. w,. , Eastern
Standard Time, on the 16th day of March, 1937; and
WFEREAS, at the time and place fixed for the receipt
of bids, the following bids were received for said
bonds, to-wit:
1�jame of Bidder: Rate of Interest: Amount Bid:
Roosevelt & ,Veigold 3.75% 100.15
The First Niational Bank
of >+4ount Vernon, N. Y. 2.75% `$10, 005. 00
Brown C'c Groll 4jb 010 028.00
'T3�'REAS, the lowest rate of interest bid for said bonds,
stated in a multiple of one-quarter or one-tenth of one
percent uum per annum, was 2. 75 per cent; and
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�IEREAS, the highest and best bid, complying with the
terms of sale, at such lowest rate of interest, was the
bid of The First National Bank of Mount Vernon, pi. Y.
who offered to purchase said bonds at said rate of
interest and to pay therefor par value, accrued interest
and a premium of X35.00;
RESOLzED, that the bid of the said First tational Bank of
`1rio�.xnt Vernon, N. Y. be and the same is hereby accepted,
_ and said ti?10,000.00 Public Works Bonds, bearing interest
at the rate of 2.75 per century per annum, are hereby
awarded to the said First National Bank of -4ount Vernon,
:v. Y. at the price aforesaid.
Adopted by the following vote:
A77 S: Supervisor DIcCulloch
Councilmen Bates, Brennan, Griffin
NOES; None
The Clerk was unanimously directed to return to the un-
successful bidders their bid checks.
At 2;15 P. T.i. the Board unanimously resolved to adjourn.
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