HomeMy WebLinkAbout1928_10_19 Town Board Minutes SPECIAL D77TI?iG Or THE TOM BOARD
TOWN OF 1AMARMECKI, Y. Y.
held October 19th, 1928.
The meeting was called to order by Supervisor Burton
at 2030 P. h.
Present; Supervisor Burton
Justices Boyd, Howell and Leeds
Town Clerk Sherman
The Supervisor stated that the order of business was
the opening of the bids for the sale of the Tocm of Lamaronecx
:2009000. Highway Improvement Bonds, _pursuant to notice duly
published, and upon _motion, duly made and seconded, the Clerk
was requested to read the notice of sale of said bonds.
The notice was accordingly read and on motion, duly
made and seconded, the same was approved.
It was thereupon regularly moved and seconded, that
the Clerk proceed to open the bids received.
The Clerk thereupon proceeded to open fifteen bids
received in response to said notice , each of which bids was
accompanied by a certified or Cashier' s check in the amount
of $10, 000. as required by said notice.
The fallowing were the bids received;
1TA 24, OF BIDDER PF011IUI4t RATE OF IiTT,
Larchmont National. Bank
and Trust Company x;. 3,222.00 42a
Arthur Sinclair, Wallace & Co. 3 ,300.00
Bankers Trust Company 4,558.00
Graham, Parsons & Co. 29838.20 "
F. L. Putnam & Company, Inc. 3 ,238.00 "
Wilhite, Weld & Co. 850.00
Bancitaly Corporation 2,402..00
Season.good and Mayer 22525.00 It
Trust Company of Larchmont 2,690.00 to
Dewey, Bacon & Co. 2.,300.00 "'
- Batchelder, Stack & Co. 2 ,920.00
Kissel, Kinnicutt & Co. 2,598.00 "
Lehman Bros. 22838.00 It
i
Rutter & Co. 2,400.00 It
Harris , Forbes & Company 32239.40 "`
Thereupon it was regularly moved by Judge Leeds and
seconded by Judge Howell that the Board suspend and reconvene
into executive session which was done.
After twenty minutes the Board reconvened, whereupon
Judge Leeds offered for adoption the following resolutions which
were duly seconded by Tudge Boyd.
RESOLVED, that Bankers Trust Company having
bid ` 204,558.00 and accrued interest to the
date of delivery for the 200,000. Highway
Improvement Bonds of the Town of Samaroneck,
New vor3., pursuant to resolutions of this Board
adopted October 4th, 1928, and in ancordance
with the notice of sale made and published
-- according to law, said bid being the best
bid received for the purchase of said bonds
and complies with the terms and conditions
of said notice of sale, said bonds are hereby
awarded to Bankers Trust Company whose bid i.s
hereby accepted; and it is further
RESOLVED, that the Supervisor and `Town Clerk
be and they hereby are authorized and empowered
to execute said bonds and upon their execution
the Supervisor im authorized and directed to
deliver the sane upon receipt of the amount bid
therefor, plus interest to the date of delivery,
less the sum of $10,0OO4 , received witli its said
bid; and it is further
RESOLVED, that the Supervisor and Town Clerk
be and they hereby are authorized and empowered
to sign and execute such documents as may be
necessary and proper to effect the delivery
of said bonds; and it is further
RESOLVED, that the Town Clerk be and he hereby
is authorized and directed to return to the
unsuccessful bidders their respective chedks.
The question of the adoption of the foregoing resoluti(M
wasduly put to a vote with the following result:
Ayes: 5
Noes: none
The resolutions were declared unanimously adopted.
Upon motion, the meeting adjourned at 3 P. LT.
T own G e rk