HomeMy WebLinkAbout1925_01_30 Town Board Minutes MEFTINC OF THE TOWN BOARD
TOWN OF IAVIARONECK
Held January 30th, 1925,
The meeting was called to order by Supervisor
Burton at 2 P.M.
PRESENT: Supervisor Burton
Justices Boyd and Collins
Town Clerk Sherman
Upon motion it vms voted to dispense with the
reading of the minutes of previous meetings not yet approved.
The Supervisor reported that the Park Commission
had re-.quested the issuance of a certificate of indebtedness
for the sum. of n10, 000 .00 . in anticipation of the sale and
delivery of Town Park District No , 1 Bonds, whereupon the
following resolution was offered by Justice Collins and
seconded by Justice Boyd, which upon. Roll Call was unani-
mously adopted:
WHEREAS, by an order of this Town Board
made and filed in the office of the Town
Clerk of this Town on January 6, 1925, a
Park District within the unincorporated
_ portion of said Town of Mamaroneck, de-
signated in said. order as Town Park Dis-
trict No . 1 of the Town of Mamaroneck,
New York, waE duly created and establish-
ed, pursuant to the provisions of Chap-
ter 574 of the Laws of 1924; and
V1131REAS, three Park Commissioners, as
provided for in said petition, have been
duly appointed by the Supervisor df said
Town and their appointment approved by
this Board; and
WHEREAS, said Park Commissioners have duly
qualified and are now acting in the per-
formance of their duties; and
WHEREAS, said Board of Park Commissioners
have presented a statement to this Board
in which they request that the additional
sum of 9,10, 000 .00 be made available at
once pending the issuance and sale of the
bonds authorized to be sold by the afore-
said petition, to the end that said Board
of Park Commissioners may be enabled to
acquire by purchase certain real estate
and premises situate within the park, area
of said Park District; and
WHEREAS, this Town Board has not yet sold
any of said Park District Bonds to raise
any portion of the amount authorized by the
201
aforesaid petition to provide the necess-
ary funds pro_; osed to be expended for the
acquisition and development of the lands
and premises, rights of way and easements
shorn and designated on the plan annexed
to said petition,
D;O'h', THEREFORE, be it
RESOLVED, that this Board borrow on the
faith and credit of the Town of Mamaroneck
the sum of $10, 000.00 in anticipation of
the sale and delivery of the bonds herein-
before mentioned, pursuant to the provis-
ions of Section 8 of Chapter 574 of the
Laws of 1924 ; and be it further
RESOLVED, that thepervisor be and he
hereby is a d and empowered to
issue in the name nd under the seal of
Town this Tow one or more certificates of in-
debtedness , each of such denoffiinatior» as
the Supervisor may determine not exceed-
ing in the aggregate the sum of $10, 000 .00.
Said certificates of indebtedness shall be
signed by the Supervisor and countersigned
by the Town, Clerk, shall bear interest at
a rate of not more than 6% per annum, and
shall be made payable at such time as the
Supervisor may fix; and it is further
RESOLVED, that the Supervisor be and he
hereby is authorized and empowered to dis-
pose of said certificates for not less than
the roar value thereof.
The Supervisor also reported that the Police
Commissioners of the Police District have requested the
issuance and sale of a certificate of indebtedness for the sum
of x;6500 .00 in anticipation of the collection of taxes which
will become due on April lst, 1925, for police purposes ;
whereupon the following resolution was offered by Justice
Collins and seconded by Justice Boyd., which upon Roll Call
was unanimously adopted.
IgUREAS, the Board of Police Commission-
ere of the unincorporated portion of the
Town of Mamaroneck has _presented a state-
ment from which it appears that they have
not sufficient funds with which to meet
the pay roll and other expenses incurred
by them and. request that this Board take
the necessary steps to raise the spun of
X6500 .00 which amount is deemed to be
sufficient to meet the financial require-
ments of said Board of Police Commissioners,
until the 1925 taxes are collected.
NOuV, TBEREFOR.E, be it
RESOLVED, that the Supervisor be and he
hereby is authorized and empowered to
borrow upon the faith and credit of the
Town of Mamaror.eck,., the sum of 86500 .00
for which sum he shall issue in the name
and under the seal of said Town a tempor-
ary certificate of indebtedness in anti-
cipation of the collection of taxes le-
vied and assessed. for police purposes
against the taxable property situate
�a
within the unincorporated portion of
the Town of Mamaroneck and which taxes
will become due and payable on April
1st, 1925. Such certificate to be
sold for not less than the par value
thereof, to bear interest at a rate
not to exceed 6% per annum and to ma-
ture at such time as the Supervisor
may dete mine. Said certificate of
indebtedness to be paid from the taxes
which will become due on April let,
1925, 1.evied for police purposes, as
aforesaid; and be it further
RESOLVED, that the Supervisor and Town
Clerk be and they hereby are authorized
and empowered to exc+cute such documents
as may be necessary to effect the sale
Of said certificate .
Upon motion the meeting adjourned at 2.25 P.N.
Tor Clerk.
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