HomeMy WebLinkAbout1927_06_20 Town Board Minutes 29
MINUTES OF THE MEETING OF THE TO W BOARD
TOWN OF MAIARONECi1
held at Town Hall, Prospect Avenue
Hamaroneck, N. Y.
June 20, 1927
The meeting was called to order by Supervisor Burton.
Present: Supervisor Burtcn
Justices Loyd, Collins, Howell and Leeds
Town Clerk Sherman
Absent: Nona
The following preamble and resolution mere adopted by
Justice williTm A. Boyd, seconded by Justice P . H. Collins, and
upon roll call unanimously adopted:
' HERFAS, notice of the site of
bonds of the Town of Mamaroneck
were duly advertised as follows :
1139,000 dater Works System B.onna .
$156,000 Water Distribution System Ronde
Both bonds issued to be dated June 1, 1927.
WHEREAS , the following bids were received
for the purpose of the aforesaid bonds ; viz
From the Trust Company of Larchmont , Larchmont, Y. Y. ,
bid of A296, 514. 55 plus accrued interest from date of bonds to slate
of delivery, with an interest bid- of of 4.40 per cent .
From George B. Gibbons •& Company, Incorporated, 40
Wall Street, New York, New York, a bid of 4,100 . 2784 for 5100 .00
par value of bonds, -plus accrued interest from date of bonds to date
of delivery, with an interest rate of 4. 30 per cent .
From Pulleyn & Company of 52 Broadway, New York, New
York, a bid of 0100.91 per $100 .00 par value of bonds, plus accrued
interest from 9 ate of bonds to date of delivery with interest rate
of 4.40 per cent .
Fro;`:": the First N' tional Bank & Trust Company of Mama-
roneck, New York, a bid_ of par value for the entire issue ^f bon^.s,
plus a•ocrued interest from the date of the bonds to the date of
delivery, plus a premium on the entire issue of bonds of 571, 915-00
with an interest .sate of 41/2 per cent .
From Rutter & Company of 14 Wall Street, New York, New
York, for the account of Batchelder Tack & Comp-any, Remick Hodges
I Company, H. L. Allen & Company, and Rutter & Company, a total
bid for the entire issue of $295, 333. 35, plus accrued interest with
s,n interest -rate of 41/4 per cent, and
WHEREAS, this Boa.-T? finds the bid of
Rutter & Company, for the account of
Batchelder .lack & Company, Remick
Hodges & Company, H. L. Alien. & Company
and Rutter & Company to he the most
favorable bir, according to the terms
of the advertisink for the sale of said
bonds, now further, be it
RESOLVED, that the bid of the said Rutter
and Company for the account of Batchelder
Wack and Commany, Remick Hodges :=nd Company,
H. L . Allen and Company and Rutter & Company,
be and the safe hereby is accepted, and the
Town Clerk be and he hereby is instructed tc
return to the unsuccessful bidders, the checks
accompanying such bids upon receiving their groper
receipt therefor, and it is furthrar
RESOLVED, that the said bonds sold as afore-
said be executed, and delivered to the said
successful bidder upon receipt of the a:rcount
stipulated as the purchase price for the
said bonds in said bid.
U
Town Clerk ®�