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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.