HomeMy WebLinkAbout1929_10_24 Town Board Minutes 10i
17-71 T-7-Y', OT, T= _20,7f! 3C_'JlD
in 7T,
hell_ October 241h, !C`,G,
I-n 'T'- _ab„Ence of the the me -i r 1�' �77 S
L e u� ca
craer b7T T stice 3DYcl a' ? __3Q K&
Pre sent: Justic-'s BO_Td. Coll—_l- 3,n d H cv:e 1
Cc' 7 1 p,,flb I
U� cn r1,:) ',l:n, rIuly seconded, it as 7To 'l-rc that all o?
the n,inutes j_,e.1 4 no' a-Droved - a-c
_ I_ngs he- - � - -- - �l - , be f,
hEr�_'-IT T C ----I-11�--1 c.S i:-'Inted,
Ccuml-el __viserl `'n- Board "hat to a T ,nes+ of
t'ne '-ewer C0=4 . JI_IC, of 3e,i :)- s ' r ' ct !lox 1 f To,-,,,-i of
neol:, the Bea` had lrieretofcrn and on gust 5th, 10; - ' . in
acujra_�l- ce .ith --jurslue.:nt to 'l-e -o_-:Dv_i - -*Lons c-f' t'l— le-LIS
:State !Te,.,f 113rl1c, anrl uarticul&rl,,T 13,=ctlDn 237 of -i- Tcn La�,�F,
alli .Liol'!Z�-OL and di-ect-ed the 8 7 1a0 1a0r 10 4_ 55"J. Ce-t ' - ' I
1:,— cate or
Ce--,ificatee cl Ind�_7,-tsd-n-ss in a-.:Ljnt Of n0ll_ 'Io exl°f
'.-he rl ,-,"�nich Certi ! _Jcatle o--- Of
n rs &-o-lical in Jal-,-:-u�_nt, of th c r,s- o C n +r-L t i
_�-,eea e -Z3 C
. f the -oart �lp= l'_ron c-f such contra. ts -ifl Said D`tri a S
a ch C-_r t i 1 to or
-.-., s
4 f I-S
CE- . s,s a , e
C,f Tndeloted- s h r)u -latuze - ' su-h ,,e "I'm s
as th z e r-T_* sc--r, mi2ht fi-, not e=-eeding, ho-,,-ever, eil�lleen
fr:)m 'he date 'he--—of, He sta+erl `-ia� in acco�rdl_ance th--oe-
4 th the S U7,0 r Y 4 9 O= Ina.d DM 4 -0 -jjll- C_ IE_t 4 14 Z
u ,- I- � t
sSUC Sp
c US's,uari- to s_- id authCrlzation Is a ,7 for the e s"L f c 3 n s u,
b �! I- �
Lion aS irO_Urrea, that as hsf -no ee- a t the
-
e s c m e of the _2:_G. CE r t-1 f i c a t�a c F i n,'P l,c t p j.-In e- c-o
Bc=l had. J. c or Djcce-ffber 5th, 10128 anC_
T--!"5Urr_Y ��__72:`d, 1`29 , bir resol"+iDn +-, �� -a� -
I - , r- � - I C�r
_'�r fUl�tl 'r1 - - * ,
--ne -1— - c hL e e n -m cn E, h--r- o_m
Of Dflf f 7 5 2. r 4
- Dns in bond an 'n-ney i-+-_ar">-et -.vere cuc` a t thfz timle
Shat T ; 7�aa um:•,J_, s,_ an d rL c 'he Tcw'n -I-f I a ona::,-":I P_c 1:
n, 7C_r to SEA... 1J� n,d a +c rC f 1, d Said. C e-_t il f i-a -e s , a-fid t In a 1 3 S
one of th - v,,Oa,_, IaE �lu- and must be refunded, an-� as the
he
ell-hteen r.,ionths li-f-iitation. as orc-Tifed, in said resolutions hereto-
I-re ado-'J-Led ,aizht before the date of matu-rit-Y 01 the
C'r+4 �iC t-s D ' indebtedress wbi -l- -wo,l' have to b� lzsued 'c
refund those about to e--,,)ire , I -,,,.,as necrcsar-ti fc-- the Board to
-z�- �-nd' the e-,:tended -.eriod of- maturity Of sFid a-a 'ori,-ation and
reissuance , and to authr-ize the Suj'�ervlscr t0 re-Issue C-_ t___ a C-
0' for the further
r 0-r t i f i-_a r e a -1 4
ezc-_�,ft eib-htl-e -n, (18) ,uon"le , and that the store f
Z SS n_ reef s s u a the is s u e C re Cl t E
C=7tifi- u-c �hoqe ou's-,=�'ng +
Of lndebtc-�,-e�F to tal:e !_-
the i-nts-
icates of abou; to
s t -.-.,,h 4 :�h had accrued end oald a-c_ .re t,eon.
_T,R C_. _ -econde-1 -'&,,a
1 1.
=CLV�'D N H7_IS , at the re _ties of th-c Bcara
0-1 S-_Ver Of Se7l,=_r 110. 1�
th-_ TD-,.-,r. Bcs-rd I)ursuant to law has here_t3fc-_-e anc-'
A,I ,-, �l _Ll ji 1 01 7 t I
_jo_" Zed
Lo lesuc Cer+ ` ?,te or Certi i_cat-s
of Tn- 4,
.1 the ay�_o-Ojjt n-p not loer-eej
an,_� ':,a Ull,0 r 4 ZC t-,- f , suance of
7--F,,nd i ,I- rl r-' -ee C. 7.r -s by res-
C,I.,_1i c s a a o'_+l[I d on D e c e nb e r -5 tln, 1c 2P,
J a-,-,a-_y 2-1 C'_'2 9 ; and
id f 4 Ca
I --t 4 Tndebtedn T-ereto
L 1-Dre
S Sue d ere s 71�,�71
e e v g 8 37a c n-U h
date ; anf
10 33
- I. - , 1�Oa.-_ 4
-�7 in t-I�e o-3 * n ion Of th J s
urovize , unccono2=cal -an-JI no' in the in ts
r s
L_a
o To-,,Tn of ` naronsclk that it endea7----- to
sell bands '-I- the -present n-oney mail:et ann, E t
LL.c (lilgh rates of Inte-rest ro-.! l
-fors-valling, to
rrovide funa'S for the -ca-'umien'L C-� _�_ 4 i
� Ce-rlic_
L4
atF Cr Certifi-CateS of e,.,,i ancl as
11 I�Lq
the some become due ; a-nd_
V,q77R_TAS. it thsr-13re necessary that the Su-" er-
I
visof be autho-_-_i _ze_d ar� to issue Per-! or
refunding C'Ert ific-2,ts ci o - InCelotej-
nes- tc )rov'fde funds for the -payment or ch
Cart_' _'i_'ca'E or Ceftif_' ca tes as miay become due
=R-EPASt it is -ecessO-_,, +3 -_,):OOv_J`_,c on additional,
amc-ant to co-7er the iris--st ch has acCruEd and
-c.-ill accrue on said Certificate- of indebtedness
hs---tofore auth o-t' z-j 4 1
1. � _; the--Ofcre be
R7,S`=T7D, t1nat the Su-je:o7T-i-_or be and he he--,-Fby is
--uthorized and in accordance, end
zmrsuan+ to the provisions Of the Lar.-.,s of the
State Of Ye'o,-, '!Cr'_'_ and -particularly Section 2717
o- the Town, La-,-T, to lbor-rozr mon the lait, and
credit of the Tovm of Idamaronecl, the si= of noL'
to E-Iceed the n, inc-' _ l a--f-iourt of -olus
Su
Ch amclmq'� ams ha-,,,,e acc=ed or -m a h e r s a t e-f
accrue on alcco-:,nl of Irtor-711 her on, and to
Cer- ! �ir.ate Cr C 21_ifli -_at^s of
:Endr_7r =l
`ndnss in the pri-rciroal amount of not to
eYCee�,_ $175g000. � -?' us accrue— cud
L - _ L
to accrue th-erson. -.,,h_JCh_ s� 71 b--a: interest of
not to clzz c- _e 6,, --nuro time
or time,., a s the s o -may f no' el-c.-pd-
ing , hc:Ile-ver, 18 r,,onths frcio the date hereof, and
to sell and dis-oose of said Certificate or Ccri .L
i c-I te s Of indeb+_p Jm,e Ss for not. 1 el ss than
value thereo_�'. a-nd
T QLVE that the of sale of Ba.4d Ce-t
Cer'i �idates of Indebtedness herni
Q__. - - r Ull I - In
a t h o i z e,-'. -ha I I be Liss- in th S _-fu-ndr gC ^ i^':-r±
c a t-e S of indebtedn-Iss , together
in'erestl thoi on o-- -,v h i-_I i --ma.y 'he 2 e a f t e r a C c.-u e ,
he to-fore authorilze_,_ on _'Su.-ust_ 5th, 1-0127 , Deceirrher
28
5th 19 and January 213rd. 1929 , and Iris-
-ce,
1 4 01 e a
-ne-I froTyi "1'-_(rie 0 U� _.S said re2olution of
August 19427 , frnvided e::cept, as he_reLn L,,iodd-
;
771S,01771), thL--':-. sa' o-1, Certific_, zeq of
indebtedness �halll be �_-Libstan'ial 4%t '-_,e 10, 10,
in ors
UITITED ST�=S CT Z_T=-lC_k
ST,�T_71 OF !7-1-l' -IORE COT 71 C 73=7,3TFR
T071IT �_7 T75-CK
J-A� I l"__l=1
Ce -ftifi--C.`Lr: Of !rldsbted'_-ZCs Issued Pur-
suant to Section 237 of the La-,,, of
ti-G S,a ,C, 0 f , e IFS, y C,r�, fog S e
IT- 1 of 1_`-c Tow- Of Series H_
1.75s.000a
No. A R,
105
The Town of Mamaroneck, in the County of Westchester,
a Hunicival Corpo ration of the State of N97 York, hereby
acknowledges itself inlebted and for value received promises
to pay to bearer hereof, or if the same be registered, to the
registered holder, on
the sum of Dollars
lafu
w l money of the United States of America Tith interest thErGmn
from date at the rate of per centum Den annum,
both principal and intere3t being payable in lawful money of the
United States at
This Certificate of Indebtedness is ons of an issue of
Q175,000. , of Certificates of indebtednESS heretofore authorized,
Certificate rcsa in the sum of �D
respectively having been heretofore issued; this Certificate of
indebtedness being issued for the rurDose of refunding the afore-
said Certificate Fo._ ®.
harEtofore issued in said princigal amount , being issued pursuant
to the provisions of the Tcvn La:7 constituting Chapter 51 of the
Consolidated Laws of the State of his. York, Chapter 594 of the
Laws of 1925 and Chapter 437 of the Laws of 1928 of the State of
Yew YoTk, and in strict compliance with the Constitution and
Statutes of the State of Few York, and by virtue of resolution_
of the Town Board of the Town of Uamsroneok regularly and lawfully
ado,_isd August 5th, 1927 , December 5th, 1923 , January 23rd, 19H
and October 24th, 1929 , MSDSK17ely& P
It is hereby certified and recited that all conditions ,
acts d things required by the Concha utiDn and Statutes of the
State of Few York to exist , to have hanDened and to be performed
precedent to and in the iseuanCE of this Certificate of indebted-
ness exist, have happened and have been performed, and that the
issue of Certificates of indebtedness of which this is one , to-
gether with all other indebtedness of said Town of Mamaroneck is
nithin its debt and other limits prescribed by the Corstitution and
Laws of this State.
IX UITUTSS WEERTOF5 the Town of Mamaroneck. through its
Town Beard, has caused this Certificate of indebtedness to be signed
by its Supervisor
107
Counsel advise! the Board that pursuant to a reouEst of
the Sewer Commissioners Of 5e7er District YTO of the Tcon of Kawaz:n-
sch, the Board had heretofore and on December 7th,1927 , in accordance
with and pursuant to the provisirns of the Laws of ths State of
York, and Yarticularly Section 037 of the TnTyy Lan, authorized zed irected the Supervisor to issue Certificate Or Certificates of
indebtaKeEs in the amount of not to exceed $60 ,000. , the poczeeds
of which Certificate Or Certificates of indebtedness to be avcljs-_
in Taymsnt of thy cost of construction of the part or portiol- -,
such clnlractT in sail Sewer District as as requested by said
Ss7er ComminsionEws, which Certificate or Csitificates of indebted-
Was should mature at such time or times an the 9UYVr71SQy? Might
fix, not sarcsedi however , Eighteen (13) months from thE date
Meevfn He Kasen that in accordance therewith the SuIFTvioar
h"? f7cm tine tO time OEM? said Certificates gorsuant to said
authorization to pay for the cost of said ....traction as i.......
that as cc"Y'at " haf nst VsEn csmilatET at the tins some of thO
said WrtifinaleE uf Indebtedness eor-irel, the Board had rs -rut howizes,.
the Supeyvisc: in December 5th, 1928 by resolution to refund said
COrtificetes of Indebtedness for a further Deziod of eighteen months
theonficn; 'hat consiti on,s in the bond and money DayhEt were such
at -t-My time that it was unnise and Inc t in the interests of thy Town
Of -'� oy_-EIO'Dsch to endeavor to sell bonds to refund said CeItIfAcatee ,
and tnat as o me Of than Would came dUE and must be refanued, and as
the eighteen months limitation as vrovided in sail rszoluticrE
h1zyt& f=e Waited might engire be fo the date of maturity of the
Certi re ficates Of indebtedness ohich Yould have to be issued to refund
those about to engirE , it vas necessary for the Board to extend the
'_.,ended jer"? Of on�tulitw of sFid anihorizEticn and relsquancE ,
end to authorize the Suvervisor to TE-iesue Certificate or CeTtifis.
ates of indebt2onzss for the further period, but not to exceed
Eighteen 0 months , and that he would therefore , if ......... .
Tenen or reigsue
the issued refunding Certificate or Certificate ,
C f indebtedness to take up those outstanding Certificates of TrQbi-A
noes which vere about to expire , plus the interest which had 2ccT W
and would accrue thereon.
After discussion, upon motion, duly seconded, it na�
RASCLMD, 7HERFAS, at the request of the Bc, od
as SeTer CommOstuners of SE r District yo, 1,
tbG Tonn Board bursuant to laT has heretofore and
on Decer_Ibcr 7th, 1927 , authorized and directed
the Supervisor to issug Certificate y, C,y,tifj,E,t,E
of indebtedness in the amount of not to exceed
160 ,00C. , and had authorized the issuance of re-
funding Certificates of indebtedness by resolution,
adopted on December 5th, 1928; and
7HER71F, said Certificates of indebtedness and
refunding Certificates of Indebtedness hEretoUre
issuEd were to mature in npt exceeding 18 montM
from their date ; and
TH=tS2 in the opinion of this Bear_ it is unTiss ,
uneconomical End not in the interests of the Tonyy
Of 1-k-noarorEck that it endea7ci to sell bonds jyL
the present monel market and et thy high rates of
inGerest now prevailing, to wovidy funds for the
nt O s
f aid C
SaYme ertificate or Certificates of
indebtedness when and as the same become due; and
it is therefore necessary that the Suour-
visor be authorized and emnowerEf to issue net? Or refundinE Certificate or CirtificatFs of indebted-
OEM to provide funds for the Daymant of such
C_
ert"Icate Or Certificates as may become due frg-,aj
time to time ; and
10 1�)
-fie ce s anv 1- rjj2cv-le an
ad,el I'ion al a mount t0 Co e r -.he in"i.e re St
w ch hae acc-r-aed and ilrill on ea,
'IE-1-t IT f! --a-les C-1, ird Pbt=fl-_,,ie1-_s he-e to-Icre
774 S".vT 7 Dy t t lo e SUioe T v i-_c,f- be a,,--d he
1:- ^7C:, 4 th^ °ized a,na e=o-c,,e r e rf. in accord-
- aunt'e -v.,ith , d -oursT:,'int tc the
-Je Yt h , a T C _G21"7
1-111-e717 S z-C _0-n 2 3 7 T o-=m La,,-., 3 b0 .
o n the f a i-h and. c r e rd-i t o f +le -n e 71 a a r c n,-
ecle the su-_-.,_ c--- no tc e-,,7ce-_r the r)-_ inci-ocl amol�-nt
of 3160g000, such h ariounte a,�_ ha-,-,c Fcc__le,I
ar i:ia7r oft acc-2e C cccum , Of
ti e c:7
,- ^.J t c ssun tp
CE t 1 f-' ca e s o f InQ= oter-neses il-n
--cunt Of C_-eef. `iSC , 000.
In ---st t c �� cc-ue tl-ie_�emn -�71 ch
L
rice az he a Su-GC-Dw-
' Supc I m f no' e-cez,
C,n
-h--1 fro,,,,� th�� C a e 11 E
-ell a-fld e,4
'O: F o c..: e f c a-L e or C e r
a �e�: 0-1 Ino-ebtedins ss foe not lcs2 tijar- +uj-_c �_a-
-va' ue trnc_,e cf9 f-c,.-1 uh--j-:
77H 'SO,1777D, that the nroceed-s Of sale of said
Certific�-,,�-_- o_- of in_�ebtcdnECs
re-re- ir a,,-Llho-_ized shall -� e uLaccl, :Ln thp ref=d-
m2: of Certificate c-1, of T-ndebt,-d-
ir-p:rea,+
I the,_I
rnay he . -- -+-j acc- ue , h-- I- `
_32- on Dece _-
1- a I C,ti I
znµ 45 suco- f'ro-n-.
�4
�-r riz to t1r_1e as In s E. +L IL -2 c s o I''iii c n of 7th,
1917 . a. - Pilo-lified; -a-I - -I, ,
- I ur Ll_�
so.4 c' CE- ' I
Ce +_ c_ CC-,,_
_eS �D_
In d e b t e s E, s h a II b n s ub�t a n
JI =S -7 A-11-17"
STA77 --- =Ti '_,�CRIK COT-'ITT77 ,73TCT77
I I 7ST-PR
e-aart to See jor, 937 of thE ay.- c`
1Y Cl. i. R.
Th. Tow-, of -in t'ne Ccuntl,- of 7.-_tCI-e _ten
,
f
1,1 71C C _7(z _C 0
- s -:ay tC
I c a e GL
L. D c 11 at s
'r-=,eet �he:.�ecn
11 u_
c the Un
12--`1 -0 n c i--a J,
ard lbe-ing ayable 1,..L'. FLT rici-iry oI '-h-
unj
a t
a� '-e 0-1 jn�_I-
T'n i s CC I,t i f L' c t ,mac s 4 _C n
Cl e
C e n t i f1-a t S e Tn d e-,D E f,n e s S h C _ i0_ C e a u t In r JL z e d 9
f L"r
I n S uim_ a
I I I
I I
c I-Y c av, lrg been lrl_�e r to c �ue his C E ot-4 _f I_a t s o
2:r a2,c e dn C a Ib e i'n- i es-U-_ e 0 S C 0 f 6 fund. th- a'0-
IT oja hsoetofofe _eeuc in s a I Cl.
r 'r c I" Gal r-i n-u-n t c ee 2 s u e a!
C T i C,r 9 o tAe
C,no e_ 51 CcnsD' � ated La<, the
Sla t e c--- -,he La-,vq
of 1926 and Ch a+ A-57
of 'he La-111F, of 1928 of th - St�,tc� of licii o �n�, in
St. f c c o--I.
`h tc t 11 e 13tate of Ye77,
C)-f_e:, a-f�,_e ?'v v-i -_,.t u e j C s 1)1 'L n�_ of the To-,--n Boar�. of tl e
b 'talc T on I E-, 'f Ul I- a C E(�L e e-L b 7'! 27 �
A Ir _ D c ff" In 19
De C_- le r � 1,h, 1='28, 2.n L _-C-'--o-,--r+ z th , 1 S 2 9 � r 2 E-e c_t i ve ly�
Z h rJy c i f a n s c i-C c
4 1
acts and �hirgs by the Constitlj.ticn are= 3+,atutes C-1- t"n-t
of 17C-,-,� yorio to exist . to hav� ha-pe--rie , - d, to be -_perfirmcd,
- -L -d an U
cecef_ent tc and Joi tI issl�_azrcc of 'his ce-c- , -ic2te
I U, - - I - U-1 l_
Cc
ex.' Sfq ha-,Fe 'ha-_ni3.-rec! and hF--,Te be c-n pc rf ormed, a-nd tha t she
is suF of Ce r t If icatc� of index t e d-e Ss „,f -,:hi t", is- Ctne , to
lh _t11. all ot"n-r indebte,dn-_ e z Of -a iv im,:n of T.IamarcnE�ck is
-b
- - I - -__ - Jr'-E.s -ib e ' b tn E Co no
-
ut icr
n, L d"o--s
Stat
H777 07. 'the Town of 7L'Ia-,a=,n-_ cl-, L Irrou h Jta
T in Boa- has caused 41-- 1-- _-f TJ- -' -bL' n- , s ,o h,
7r-,T " _-E
L n d t h E c o e E,ca c f Ea lo_ lOTRi fi
L a T c,:,
zc y Ie r d s
b f i-- d o,r C, c��t d ' -, i C71 e- F L
Ce rt IfiC,, 'tE of in eb sS be lasted. this d Y of
f
SUIT]P
L
TOZY CI-7227
R74,SOL7711. that the Tc-,6'n-n of Ylamaronecl- Inereby
Uov_-naoi's to oa-IT the - I I
L are' in+erec- o '
'A _S�,
said I'e:otLf_'ICat=_ c - inde" --nE
c:',
cc
I -ac &o,ounI_ hcreinabo7E
snall 1 become c'uc by di recting the 'Asue and sale
of bond° the-_-ef= or by levv i-_ng as,��=Semcn-E on
1 1 -F 'h- T
�Dr c)- e r y o IF S e-,7 e-, D s t r i c t TT O.. - or the own or
hia-Maroncc'le at such t I-oe or t Lr-,Es and in such
arilcl.on+s as may be recessar7,- therefor] further
R7 S01-7,77D, 'hp.t he Town of Yarearonecle furthEr
c07enants in case- of a default in
ou---
the foreg,cing covenant, the saiO_ Tov�n
r-ail _--e
by tEL--"ng 5.17 '=F -r 0 e T ` - T. 0"-,--,
_b-- Sa�d I n 0-
Ea-mal:onecl: -f-Can , '.me -o 'Im- 'he SIj_m U s L._m_s
suffi_--ient, to, -oay the oiJric ', -,Dal and in '.-2 .:=st
of sa_iL Certificate a--- Cert'-f_" Cates of Tndeb'ed
L -
ne.eE as the same -hall bec--me due®
Couns�7, advised the Bo=- tl- 2�=suaoi-U 'o a renaes�+ c-f
Ua
the Co=_' se.Jo-n�_2:_ of Sev�c. _-r -DiSte-ict Yo. I of t�,S Tov,-n of
Yamaioon-clo, "'--c Boa--'- h_- a 'r,c�etcfoie and 5n II )m: i, 1;1,., 192' . in
T--
a.^_.c_-i�f_zi c a Y,-i 10 2�:C- OU- n+ Q La cf 'he
-1 I - -�i-
S+a"Le of Now Yorlk. and -1 a 12 121_9_._' ' Z r I I F ,e_0. -n _37 of tLI-_ To..__
anc. he Su-,-er7,r-',_so2 to is ue Certificate c r-
C CEI e 0 ln�e b t e,�n,e s s i - - - U to -=eefl
L_L � - Ir +h� amoun- of not
15 ,000a , thE� -proceeds of ,vhich Certificate or
U L
lndsbtEc�nesa to be ai^�Plied In palvmenz of the cost of cOnstruetion
of the y-�art or cortion of euch Co-to,c_'1 ,i i-n said Se-j,,E-- District as
a5 — Cc=-. S5� 4 or
qucste6 by said Sever _es -,ah' LIa Cer'i'i -ate C-
Certificates of Indebtedness Shot?ld zoa ture at such time Cr --ines
as 'he SU JeVjSor -_,114 gh -F not e�ceed e
rnonth� 'he date 'hEr- or, H, stat=_L thain r, ,- larce thereovith
'dad frgrn ':Lneto t e J -s-ued saia Ce-tif" �t pu- an'
the Su7.-rvisor
U L I LI I-
+c said I Y,r,
iza. icq�, tay for the cost ff ��ald consturction as
113
inc-orred.; th,a-I as co- 'r a,-- 's had no,-1 b,en 0 cm-D I---I'-E d at 'he -,L-E -1 cm-
C "IC sp- id C C rt ;;00 o in eb to done s _:'1-i red<. lu,E Boa rd had
d Su-i- oo' on -'ebrua 'h, "-c 29 b, S lut i an
i.-c iEfund Sc la C ---t if -J c-a t e s O1 Indebt e dn c 9s for a lust„ .l o
e i Zh 1-e e I-, m o n t-9 17 e r e f r oz-; tl-&t CCnd� +4
ors in the bond- and
L - -1� I--- -- 11
mar'l-el s-ach at +I--' E t 4 roc tha 4 Z ;Jas u.n-,-!-, sc and, rr , 4
- I - not in une
in tar-II+.s of thE To717vrn of Kayaa- --o-nccli to e-dea-lecr to eel l bonds to
refund said Certificates , and that- a some of thm oujd Cc----,!E clue
and -must be refunded, End as +-he Pi' ,-h's een limi ' a- ` qn as
4 n said rcso -cL-' ions heretofore ado-itled befo--p
date
of 11� tL J:L 7 of {;h- co es of imeb'e�lness I-h' Ch '.-culT-5.
,Y
r thoz-- abc—t to ro e i -T,a s- necessary
ia�Te t-o be s�zu--(f- to ref f u ndL C77
11 'he t-n- the -cc ri ad of :--ratu-I'l -,y G_:9 oa rd 'a I e.� t e n d
o r-1 Z a-Lion a, nrl r e i s-u a n c e , a nd z a a,: i z= tai u-3 e Zvi s c o -f 9 u e
e rtif4 I ca+e or C e r- cat es o, T n'e'b e dI s s, f the `h-- -D-- _o-11
I L - - W- �-
he -770IL21 �� '3�-refo::C
cu not -L o e�o c e e0, e il "n-E-n, (1-8%1 mont'lls , end, tchat
—cessary, --rene-,.7 ol- re ' �hc --issued refunrl-ing Cert-ffi cc, le
-i - — I -
eyti�4 __,teS of -a tF ---I a s c C,ut+ n
C
L u:D
s f n7- -,e tc -oirE -,j 7 u,
7�o e 0 I'l about e:o S the
4 -T,-r- t -which Tad accri:,ed on(! �., ould acc--=c thE-r,eon
in
sifter disouss4o.r. , -2),.jon inot- lon, duly s-conced , t -Zll-s
R7 SOL 7rc FlH7 11-TA'S at t h t of the Bo d
C� S ,VE 1 ccrffn-.,iS loners of S-j'e r Di r 7 '�C, 7
th TD-,,-,n Board pursuant to laF': has her,�t- ofc--,-e
anu 0 r 7 7
19, 8,
the U-0 e S 0 iSq
_Us 0--
a-,es of Tn -e`-,�nsss in =,rjun-1 c-I rot to
C-Tceed �,.55,CCO. . and had ze d. the issuance
0-y refUndj117 re of fndlsbtedn=es bIr
-F-bruF-Y 11-2)0 ; sna
17"1=71c , sait. C e:�+ ,J -Fi Joatcs cf Tnj�l
,,:.no.
Certif` ca- es of lndeloteen. uef
-I-Lcrc to -nnatar- in -nnt 18 o-lcrthc fr=
e ' r da-te ; and
Ir n C 0- a' thic -Boarf
,
uneconomical and not in the interests
a I- 'o he T o-.,,n of Ya-mar one c1- --a' i t e n d r a-v-o 12 to
scll bonds in th-, -nresEnt o:-.Ev nail,,.et and at
'hie hinh rates 0r 4 Merest nc , -preva - 74-Og5 to
O,✓ide tu-nus icr -he i-,ayme-nt of eaila Ceiffi,
ate or CeT'ifica'p- S of indebtedness vihen and as
the sarie become due ; and
T, -97,� 4 is therefore neceasar-, that,HE, AS 5 L t at the
Su rvi s a:-- b-. au h c-i -7 d, and e ro,o-v,-e red to 4 S uc
ol, re--Pi:Lndi--,o.- C�-otificate
to fl)-nd� -,or the
c--- Cert—ificates as -,iay bec.,o-me
U C f roil t-i,me t t i V! a CL
a
it iv 7e,cersary t-. )v--l -e -ar., c n
a-moult to thc- hae -accruec- ana
` i ocsf-e 11 ss
- L_ accrue n C—` fz ca-Es of In -7, t dnz,
h r cc'o f c r-e a i--o-o-i ze d, ; t"n r a r-I be r --
—v �b
su"Dr cc ard he hs� 'y
is S.-L;�th o z e d o"f i p 0-o-e red rn a c--o r cl a n--e -,-i th and
pu-suant to he -2roviziici-2 of 'he Lay. s cf the St-ate
Of Yc-al- Yorh, and -Darticularl-7 '3-C'jC- 277 of th�
'b0 2=:,- v--oon and of the
To', - - - - I - - -
o��-T c' Tl=a--on-ck, the s= of n�; - t- -xcee� the
I - - "E
-r � i� - C n 's
jr inc J -,-,a a , -5,000. , �-lus sloch aia u t
as have accrued a-- may accruc cn account,
cf 'n- e-est ther- cr. am to ' sai:-e a --e-m-ocra-
L rIT Ce-+-
I
--ate
Ce:-14 -Pj ca-.es of II-,--'ebteG,ress in th-- 1= ,-
Ci--el anqcunt o--- nol to exc--eQ Fifty-- five Tl--clasand
-l'-- SEI-iol _..^G --d
170
' ac-_l"U.E tile-A..P, _C'Cl 311. bE .._UEr'Eot
a,t °^.n l . ';:E o_' n c _ t0 .,i.c E°c7 C.�,97 3 E-_�- e n
"'' .✓��.b_c -uch tiric a� '-he >':u_iErs
<. ..i
E,,ay i?; not Elcecdisn herZe *er" 18
L2OnL_s frOIIl t, 'a�.e 5,-,Ienf and to °E_.T
arr' c!ii rsc c� Ce uificate o_ Certifies
2. .cep Uf _;,.Ebic .✓lass p. i. +..ian '_^ " _
�_u.� therEOf� farthe'_ -
--
R73 0L-7D that the---roceeds of sale of
CC ! i CEr _ Cate P T':1O Obc'^.1E eS
rcy to . .,.i-._ 1GC'd s!"'icku.l be use-6- 11 f-a �n
G^-t1f 1C,ae 0_ CE^_ tii=Qat.eS TndEbtedne5-
h _tL toa aGcr LE , In re to f G a.e a .. .Le l.. C
18th 1N28 and _ = ru , r 15th, 1929
a
hereof to _-°U G. _ro11 t i:E to t,-i_ie a., in _.
- -solui.i on of 'Jr01
a.
':re moaif od, f ,,_the_
RFSOLTIFD, t:!:at Baia Ccrtifica',, or Ccrtificalt
,. T".'..:;'.ebl'edm shall be in Substantially the
follnaing form;
S 1 r_' T r.'..`,J V'TR C^?,r7�'Y f`-* r!'Fe jTC T''�T?
Certi'f___. _e of InlEr;tEr_ness Issued. Pur-
suant tC Section I1'7 .,i the To-,= Lai
r= tY_e St �c .,- �I^ Yo -_-i:,. f0-
District No. - of the !ovrn Of S.ia_^arc'nEek
Seri._ S
I ,G `To-,:n of T a:aa.r OnECk, in t1 2E Coy my o- .'E S.tC r!ES tEr_
a. 4::ti!ii.Ci'pr3.1 C=]:Ocraticn of the State of Yew York, hereby
acknoialed2_es itself indebted and. for value received romiSEe
tG ;ay to bearer, hereof, c-r if the . ame be registered, to the
e'" s.tercd holder, on
the =.uxn 0i Dollars
la-wfu1 mono of '-'".E, ni,,' t_C. Of _'=:erica Ti`,"h in-i,Er(-'st
thereon f2oy', date at� thn rate of ;Jei: cent J,L! _eDe. a.nni-lua,
-;h i"`inci'Cal and interest. be -n- (_?ayabic' in 1� ':fttl :Yong of the
Un_i`i.Ed 7ta tES at
„
_Il?,a GE ri_ iCo t°. of inv.e'J tE.C_nE SS is cne G1 an l"=-:HUH
C_ `, "000® Of CertifiC .tes cf Indeb .w'ncs "'eretofore au horized
Ge_r"tifica.te ITns, in the sum of Zs
=i0cCti vEly h^r..vifij been hg rE tOI - i'esUed, this IErtif'_CatE
of Iridebtedri'css be ln.g issued fn]. the -ou:rr,'SE 0=' i�EfUnding the
aforesaid Gertificat,
, I?o
heretofore issuued. in said i-,rinclpal a'P-OU'ntg being issu�_ -_CUrsuant
to the ., tisicznS of the '1'OVin La.V';' constituting Chap Gei 61 of the
Consolidated "° ✓_ �h_ Statue - Few Yr-:lr h^ 594 Df ti/? LO.b'Ts
Lava �.lc c. 0. e � Jt_.g G__C.yC tEr ✓ �. E
of 192:6 and Cha';�'ter 437 cf the La?','e 0 - 1928 of the State of lcC :.,
Ycrl: a „G' :. strict - Ili^.._ la i! ..1 _,... the Constitution c^;hd Stc_ - ices
of 'no State c _,7e•1 Yc l!:, and '!'fit vir',ie of esolu-ic'ric of the
Boai2d of the T,--vin, -- T1srna v tGGci .Egu.la_^Y.y and 1 `.-fLily :ad oc`ed .ri
18th, 19282 and b t,ar„v 15'n, a._,.. Cctci e r.;" '.h, ` 22 ;
rES.-i)ecti v 1 ym.
It is hereby c;°_rtlf_C-d and recited that all ccnditiorE
acts and things rCC U_i b" the Constitution and S Lute _ G'° the
S ' aU-_ of Ye': York n °: is u. t.n T1dve ha eEnell t sid t.0 be yJc ^_ !riiio ii
�ciecedent.� to and in the issuance of this CC- ' .. '_Cate T._,,:..C :.e,l.;iE Ss
CIi 5t., ha-7e hal,)-pened and ha7e ,i -_E -,','ie__°ry rreGa and than the issue
of Certlf icntes Oi ITldeb _r,,,ness of ,.I- Gh 'his is o_na , to-e th-tr With
a- other irUEp ci rc. S o f s&1-4, d Tovi O 1,!L Ma_0?e02'. _ ith_.n it:s
debt and other li a_ ,.... -Orescribec`3.. by _i2., CC.._ „i _u`L.io and La-r7v C=°
this State.
117
:17 T177SS -:,1H71TCF th To�-,-n of lramaroneci- thl, ough
its Trj-.".,n Board, "i-iaF cauF d thiS CErti-ficate of I-ndebted-esS to
be Signed by its Su-QO-2-,T ' Sol' ._^_. ccr-porate se--1 of lsal� TO�Tn
tG b
and atteslea� b7 4 e
C .,__c
Certi-fiCate of Indpbte(inFss to be dated t,-i Z d a✓ of
S,J-,D e ry i s j r
A�
Tovm ClErl-
-1 ur h-1-
='=D. that the of �=,arcneck hereby
covenants to pay the principal and interest of
said Certificate or Certificates of Indeb"'admes--
In the mount 1-creinabovc =- Q-v-4--led as the san
Shall become di-ic by dir-cting the issue
and sale of bordS 01 by 167-Yi-no assess-
,nents on prooErty Of -
DC-.-,,er 11S Ir4 _ 'I -+
t',-- Tcc.-n of 7.7am-aroneck, at suC11 I -_,I(, 1 4
�=-s and
in such amounts ass ma-Y be n--cessar-\T = ef Or
-f u r the r
117SCZ7171D, that the Town of !Ja .rosck fu-r'her
c c v c r.a n L s in case of a defa-iait '; n -ar-f,7i-z out
the Foregoing the Said To,.-.r. 4 7, raises
by 'ay.in.-- a7 ' propErty 41 Sa.Jw Town ff
1"Iay_qa r 0-171,e C
+.0 14 M�3 tree 0 S jjj,a
su.f'ic-lEnt to -ca7T the and ln'erest o -
Said Cefti ;-4 Ca or Certifica-cc of Indebtedness
F-E the san- ehiall 'bl-come due .
C.1-ansel to 'he Boar d that -cu,- suan, t.o a, -e cue s
o the Se---er co=fEEJone3�s c - Sew= DJ -trict !To. 1 Of 'he Tovin Cr'
l L 01 - - -1 - -- L- - - 1�
Yar.ia.ronleck, the Board '!Lad he�retof=e and on A.,�ril lFth, 1928, in
acc-or-'ancc -wi'h and rurs- a-nt to the ro-,Tisic'ns of the La-,vs of the
S'allp of 1rE Ycr`,�, an i�articulailv Section 237 �cf the T—VIrn La�,.,.
ai:.thcrized an'- direc-L-Ed +I-ie Su-c-visor +o issue CErtifi-at= or Cert-
4 f�
ICE b
in nln,,�nt of not to ey�ceed ' 25 000. 5
the a� I U -3 5
proceeds c f ,-,'h_4 It C 2 1 f i-a'c or C e i f i .'yes r -" T 1,1,7,e b t e dr,e s s
t.c, be a p'pl-J ed in -,,)aym,e n-• of the Cost o f Con s tr Li--t ion Of th -,pa
c r -oo i t I on Of such) con ga c S in sail- 3 r :D i' S t--10' a S �7a r e que S t e d
by said S e --o Co" P.i s Si o nE---q , vThi Ch C c r t ii Ji c a.te or C e--t if lees I e q- of
7 n d e b'L e d--e s s s In o ul d rna I u--,-,e at Such t Lde Cr t I'm,-s as "n e 9 i,,,-r,e--v I s o r
irl-ighl fi-7L.. not ey-ceedlng, however, eighteen f18) months from the
date thereof. He stated that 4 in actor-,ance the Supc-71' sor
had issued. a Certificate of Indebtedness :p1",rsuant to said authoriz-
ation to -pay for the cost of said construction as incurred ; that
ccndii -Lions in the bc---nd and -noncy marh2t thiS I L 1-1 1
- � -!)� Mat
Eam ro C
it vias un,:,,isc and not, in th�� -intErests of thE To-,-,-n of a ne k bo
envea,vo- to sell bonds 'o Lfund Said and t al S
L
C�r;i-ficate had. co%71- due --nd nad '-.c be i-efunded, and 3.se the eight
-
4
eer rnonths limit -ion as -4 dec r Sa 4 d recoli;- 4 on, he- to'o-e
adcp teci re before the .late of 2,latur` t, of th- C��i�t ifi ca'es
T
'n6c h ,7ould be issued to iefnd the Certificate of
,'r t e cl-n--s ss 4 C
-Indebtedness 1-1,hich ez-cilred Cc+ c)bc--- 1 , 1929 , it .vas n-- cessary for 'the
Board to exte-nd the period- of maturity of said authori za"ion and to
authorize the guoe:-?-isor to re-issue Certi-licare or Certificates of
indeb'edness fo.- the further period, but not to Er I-ceed eighteen ( 16)
months and that he would therefore , if necessary, renp-,-,r or re-issue
the Certificate or Certificates of indebtedness to take u-,✓ the
outstanding 'e-.C1CLfica+e of indebted-ness' -,,-. nich had ex-pired on Oclobelp
1, 1929 , plis tae inucrest -,-,-'L- ich had accrued and -mould accrue thereon.
After discussion L 111 secona' ed, it vas
L upon rfiotion ., du'-
�i
R7SOLI=E,'71TR7AS , at the request of the Board
of Seuorer Commissioners of Se•'rer District !Tom 1,
',he loan Board_ pursuant to la7 has heretofore
and on April 18th; 1928 , authorized and directed_
the Supervisor to issue Certificate or Certificates
of Indebtedness in the amount of not to (Exceed
J. vF', gO�'l�¢ q and
) CHAS. said C __ icates of Indebtedness and
refundin,t' Certificates cf indebtedness heretofore
issued were to mature in not exceeding 18 months
from t'aei_ date .- and
r:'1-='RF ',S, in the opinion of this Board itis um',rise ,
unto-c-ncylical and not. In the interests Of the Tc-.-in
of Tiarilar on a-ck. that it endeavor "Co sell bonds in -
the present roney marlet and the high rates of
interest- nota prevailing; to provide funds for the
-i7a,yment. of said CE..rt if i Cate or Certificates 0f In"'
debtedness when and as the same become dues and
d7I3 SAS, it is therefore necessary that the Super-
visor be aut'a.orized and ernpos-rcal issue nets or
refundins Certificate or Cer%,i_I J. ., '7E.° 'Cf T-dEbt,-d_
^ess to rovide funds for 'the ayri nt of such
CErtlfl Cate or Ce"rt_f 10c.UeS as ?lay become dluc .
o-,12 t ime t0 ti1r,i and
711_T'i-'ASg it is ;✓lecessary t0 jp ro?iiie a-n additiona.L
amount t0 cover the ln'1-1 re St. 11- i Ch a a crue'b
and ,Till accrue On said Certificates of InQe:;tedness
he _ ;ofcre authorized, therefore be it
RL'SOLVFD, that the Supervisor be and he hereby
is authorized and e izp^ ;;erect. in accordance dance ,. _th
a-nci pursuant t the provisions of the Lax _�f
the Sta.t,e of !J^c`,i Yo±ik, and -i)articularly Section
1,'3" of th LaaJ, to borir ��r 1- oon the _`..4th
aYip_
credit of the To-1-M, of Ifanz Cnec'.0 the samn of
not t0 eiQe eel the _Jr_;(i01y1a1 ai`.101n.i1t Of
y) US such amount's. as ha-:ve ae . r'.'E'u_ or rr1a-7 IF he- salter
accrue on account of interest thereon, and-
to
'�S SUA - terr c,Ta.ry CErt1f Kate or Certifi crd ilex of
1,nd_"b-iedness in the principal amount of not to
c_a eed .`??,rJ;CCC,. , plus sail in i.-rest- 2 cCrU r:
rG
ueor-ue tilsreon, rahich shall bear i'nterest, of not
to exceed 6," per nn'z"n,. :_eayable at such �:rR or
imeS as t C- S=Er"vis Or may f1:r, not E:2ceedinz
'nOvi eTTEr, 18 months frOr2 the _'ate TlE_ecf and to
sell and .15pOSE CI d_1w Cer t -2_iiCatP 0 CC,iflC-
^'tES
of Irdebt- .ness~f Or n0t less cna "Ja._ value
thereof; and further
:RFBOL77D, that the proceeds of sale of said
Cer tifi Oa to Or Ce rtifi Cat ES of Indeb tedne SS herein
authorized shall be used in the -refunding of Cert-
ificate or Cerfifica:tES of Indebtedness ; together
-- ith interest thereon or .`,,hich may hereafter accrue ,
heretofore authorized on April 18th, 1928 ; and
hereafter issued as in said resOl-iti0n of April
18th, 10128 provided exce-pt as hel"ein m0i._i`ied°y
and fur th-`_=:�
R'_'-SOL?TD, t10 at said Certifica e or C rtificates
c£ Indebtedness shall be substantia. I ly in the
folioviing form. _
III
II
I
121
3D T I T. OF 17, YORK CCT-717Y 02 7,71STIT-�'STTR
C i f c 3. e Of In deb e(9-1,1,G s s issued P i)-:
suant to Section ;%-37 of the Town, Law of
the State of IFe York, for Se-,ver District
T "nE� Town o- Kamarcnrck Series K
iol c,
t-'25 ,0008
Tne TG-, -n of Iflamai one c'k-, in 'he CO an+,Y o f Ie s t ch s t
,,T Yo- .1 1 1
a. un a 1. K
Cor-_poration of the 3 ' a �e of !,is.. rl � hereby
a I-3k n o wledges -Jtsel-f indebted Fr d for value r=-cerved iOromlses
to bracer hereof, or if the same be -registered -�cj
L, )a 7T
the registered holder on
the Sum of Dolla--s
moric�7 of the Unired States of Americ-"- -,vilch
-1--1,ereG n fro- date at the of -oer c ,,,I+umi -oer
arnum, both prir3i-Gal and irterest bein -,3ay a!,,,1 e in 7 W-, U1
mon-sy I - I u
of the United Stat.-s a' LL
This Ceztifica-LE of tedncss is one ol- T 4
sUC
-25 ,000. , Of CErtifiC.-,teS of inde,,)�Fd-nese heretrffo2e
aij-'Incriz--d, C r+4 1-4 Cate
n f
e e 2 c- 112 Vi been
So")
c r Li, i-a--e
c
0f Indebtedness being J- nE i ,I
af=��said I-
I=r14 -4 the
,--- aEtofnre is-- ec1 n SC4 -- nciial L ..sing..sing issu=d-
your Sean'.. Cc the of -1he L-z-j: c n s 'a- ^7
:)f the C��n�r,7 4 .. ats,' La-�,-.,,- f S '.e t
7o La-,,-.,s of 19215 and Cha.Dt-er L.k, cha-ot-er I5QZ- Of 417 ni
th�- La-I.,s cf IS28 �f -1,1 S -f in Strict
0-,�-,:�'j 4 C C ---4 1, j-1, C I
tu-c-,s St
�)rs le
Y�rI, -n d vir'u� o ' n f
T,,e D T , - I - � - - - th e 0-,v n B 0 a r d
crs 0
of "n-e Tcw,,-,-, of ILY.-iaroneck and la-zfuily ado-oted
1 3 4 1 ` 81-11, 1928, and October 24th, 192?, rc-S-,-ecu' j7Te'4�
zi u L -Y
11 is hc---e-o-Y certi fiecl. and -recited that all conditions ,
a t S and Zs --e-,u i::c d tn-- Cons t_ Li.,,I on ana S-, atu�es ol-
-per-
'h- tc e:74stg to ha7--
9'a�e ol nEd
and to be
fOrmed precef-ent to a-nd in the 'qSuance of 'his Csr+-ificat-e of
indebt-°dness -:Z-Ist , ha-q— ha.3-3enefl and ha-�Tc 1 Jc % ^rp,,C I
and
tnat -Lh -i27u=- of Cter'--.'If'r.oat-es of of f I-1-r I
vi 4 -h Jill s
Or,:, I O,e I I-is r all other indebt.edness of said To-an of Yam2ron-
' c- - Iii
ech is its- d-.-'ct and Other limits e, 7-y ';he CG n5 t 4 1
L
-,+- ' o' Laws + S_r ____
IY 1.1111IT17ISS V.T=707x 7-ovv7i of Tlama none cI:, through
Towr ',as caused his C(--:2tifircat- 01-
-5S i.o be
s by -JtS ---3U,3P1--,T-'L C C-2 2',ld --ornc::ate --=al :)f Sa4 Toln be
'T
IlerreunLo affi-.7-nd a-fd n t.µ1v C E
a I t e 3 te,1 b-, 4 S 7-o,,,j-jj
c f t b,
1 nd eb an e s z- d 12 4 S
S
C 7 - ]2]K
Ii
123
further
R7SOL77D, that the Town of Mamaroneck hereby
covenants to pay the principal and interest of
said Certificate or CertifidatEs of indebtedness
in the amount hereinabove provided as the same
shall become due by directing the issue and sale
of bonds therefor or by levying assessments on
property of Sewer District Fo. 1 of the 'roan of
Mamaroneck at such time or times and in ouch
amounts as may be necessary therefor; further
"ASOLV71), that the Town of Mamaroneck further
covenants in case of a default in carrying out
the foregoing covenan t , the said Town will raise
by taxing all tanabis property in said Town of
Mamaroneck from time to time the sum or sums
suff icier: to yay the principal and interest of
sail Certificate or Certificates of Indebtedness
as the same shall become due.
Q scmmunication from the League of Civic Associations
was received and read, requesting that the Town Board look into
the matter of incraasing police force for the unincorporated
section.
The comannicaticn was ordered received, noted in the
minutes and placed on file.
I
A communication from Mrs. Anna S. Stewart , the ow=
of Section 1, block 35 , lots 50 and 60 , situated on Glenn Rcac,
was received, and read, requesting information relating to arse so-
cent of the improvements of water and gas to her property�
The communicazion was ordered received, placed on file
and referred to Counsel for his attention,
the Blu
cremate
that is
Counsellor Gambi
Club Coach Lines ,
motor coaches over
within the Town of
E presented a
Inc. , petiti
that nortion
Nana. in
written application of
Dning for a consent to
of the Boston Post Road
The communication together rith the petition was
ordered received, placed on file and referred to Counsel for
report thereon,
WginEer Foote presented Diana showing the sewer layout
connecting the sever line across the Railroad tracts to Dillon Path,
Ujon motion, duly se2onded, it was
RESOLV3D, that the map of thz Sewer line
connecting across the Railroad track to
Dillon Park, as prepared by Engineer
Foote , be and the same hereby are approved.
Upon motion, the meeting alicurnEd at 3 :30 P, m
rown CloYs.