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HomeMy WebLinkAbout1922_04_12 Town Board Minutes Meeting of the Town Board TOWN OF MAMARONECK, held, April 12th, 1922. The meeting was called to order by Supervisor Burton at 9.00 P.M. PRESENT: Supervisor Burton, Justices Boyd, Collins, Dudley and Shafer, Town Clerk Sherman, Counsellor Gamble. The meeting was called for the purpose of taking up matters pertaining to the new Weaver Street fire house. There were present at the meeting the Fire House Committee and the Officers of the Weaver Street fire company. The following resolution was offered by Justice Collins and seconded by Justice Shafer: RESOLUTION PROVIDING FOR THE FORM AND SALE OF $65,000 BONDS FOR FIRE DISTRICT NO. 1 OF THE TOWN OF MAMARONECK. BE IT RESOLVED, by the Town Board of the Town of Mamaroneck: 1. $65,000 Fire House Bonds of the Town of Mamaro- neck shall be issued pursuant to the provisions of Chapter 561 of the Laws of 1921 of the State of New York. Said bonds shall be dated May 1st, 1922, shall bear interest at the rate of five per centum (5%) per annum, payable semi-annually on May 1st and September 1st in each year, and shall be 70 in number, numbered from 1 to 70 inclusive: 60 of said bonds shall be of the denomination of $}}1,000 each and 10 of said bonds shall be of the denomination of $500 each. Said bonds shall mature $6, 500 on November in each of the years 1923 to 1932 inclusive, and shall be in substantially the following form: No. $ UNITED STATES OF AMERICA STATE OF NEW YORK TOWN OF MAMARONECK FIRE DISTRICT No.1 FIRE HOUSE BOND. The Town of Mamaroneck in the County of West- chester, a municipal corporation of the State of New York, hereby acknowledged itself indebted and for value received promises to pay to the bearer of this bond or if it be registered, to the regis- tered holder, on the first day of November 19 ---, the sum of Dollars ($ ) and to pay interest thereon at the rate of five per centum (5%) per annum, semi-annually on the first days of May and November in each year from the date of this bond until it matures, upon pres- entation and surrender, as they severally mature, of the coupons therefor annexed hereto, or if this bond be registered, then to the registered holder,; Both principal and interest of this bond are payable in lawful money of the United States of America at the office of the First National Bank, Mamaroneck, New York. This Bond may be converted into a registered bond, as provided by the General Municipal Law, and be registered on the books of the Town and thereafter is transferable only upon presentation to the Clerk thereof with a written assignment duly acknowledged or proved. Upon presentation hereof, with such assignment, the Clerk will note such transfer on this bond and on said books. This bond is one of an issue of $65,000 bonds of like tenor, except as to maturity, issued pur- suant to the provisions of an Act of the Legislat- ure of the State of New York, entitled: "An Act to provide for the submission of a proposition to the voters of the Fire District No. 1 of the Town of Mamaroneck, New York, for the acquisition of a site by private purchase or condemnation, and the con- struction of a new fire house in said fire district, and, if such proposition is adopted, authorizing the issue of not to exceed sixty five thousand dollars of bonds to provide for the said acquisit- ion of said site and the erection of said building, approved May 4th, 1921, constituting Chapter 561 of the Laws of 1921, and a resolution of the Town Board of said Town duly adopted April 12th, 1922. It is hereby certified and recited that all conditions, acts and things required by the con- stitution and statutes of the State of New York to exist, to have happened and to have been performed precedent to and in the issuance of this bond exist, have happened and have been performed, and that the issue of bonds of which this is one, together with all other indebtedness of said Town, is within every debt and other limit prescribed by the constitution and laws of said State. IN WITNESS WHEREOF, the Town of Mamaroneck has caused this bond to be signed by its Supervisor and the corporate seal of said Town to be hereunto aff- ixed and attested by its Town Clerk and the coupons hereto attached to be authenticated by the facsimile signature of its Supervisor, and this bond to be dated the first day of May, 1922. Supervisor. (Corporate Seal) ATTEST: Town Clerk. ( FORM OF SURETY ) No . $25.00 The Town of Mamaroneck, in the County of Westchester, New York, will pay to the bearer on the first day of , 19, the sum of Twenty Five Dollars ($25.00) in lawful money of the United States of America at the office of the First National Bank, Mamaroneck New York, being six months interest then due on its Fire House Bond, dated May 1st, 1922, bearing Number. Supervisor. ( FORM OF ENDORSEMENT ) CONVERSION CERTIFICATE WE HEREBY CERTIFY that upon the presentation of the within bond with a written request by the owner thereof for its conversion into a registered bond, we have this day cut off and destroyed coupons attached thereto, numbered from to inclusive, of the amount and value of Twenty Five Dollars ($25.00) and that the interest at the rate of five per centum (5% ) per annum, payable semi- annually on the first days of May and November in each year, as was provided by the coupons, as well as the principal, is to be paid to legal representatives, successors or assigns, at the office of the First National Bank, Mamaroneck, New York, the place stated in the coupons. Dated, 19. REGISTRATION CERTIFICATE IT IS HEREBY CERTIFIED that the within bond was this day registered in the name of the payee above named in the books kept in the office of the Clerk of the Town of Mamaroneck, and is transferable only upon presentation to said Town Clerk with a written assignment duly acknowledged or proved, at which time the name of the assignee shall be entered here- on and in said books by said IN WITNESS THEREOF, I have hereunto set my hand this day of , 19 . Transfers of this bond have been registered as follows: Date of Registration Name of Registered Holder Registere by 2. The Town of Mamaroneck hereby covenants to pay the principal and interest of the said bonds as the same shall become due by levying and collecting an assessment or assessments on property of the district at such time or times and in such amounts as may be necessary therefor. The Town of Mamaroneck further, covenants that in case of a default in carrying out the terms of the foregoing covenant the said Town will raise by tax upon all the taxable property in said Town from time to time a sum or sums sufficient to pay the principal and interest of said bonds as the same may be or shall become due. 3. The bonds authorized by this resolution shall be sold upon sealed proposals upon notice published not less than five or more than thirty days before such sale, at least once in the Larchmonter Times, which is designated the official newspaper of said Town for the purpose of such publication and also in the Daily Bond Buyer, a financial newspaper published in the City of New York. Said notice of sale shall be in substantially the following form: NOTICE OF SALE OF $65,000. FIRE HOUSE BONDS FIRE DISTRICT NO. 1 OF THE TOWN OF MAMARONECK, NEW YORK. Sealed proposals will be received by the Supervisor of the Town of Mamaroneck, on Friday April 28th, 1922, at 8.30 P.M. O'Clock at the Town Clerk's office, 8 Elm Street Mamaroneck, New York, for the purchase of $65,000. Fire House Bonds of said Town. Said bonds will be of the de- nomination of $500. and $1,000. each, will be dated May 1, 1922 and will mature $6,500.00 on November 1 in each of the years 1923 to 1932 inclusive. Said bonds will bear interest at the rate of five per cent. (5%) per annum, payable semi-annually on the first days of March and September in each year. Both prin- cipal and interest will be payable in lawful money of the United States of America at the First National Bank, Mamaroneck, New York. The bonds will be coupon bonds, with the privilege of registration as to principal only, or as to both principal and interest. The right is reserved to reject all bids and any bid not complying with the terms of this notice will be rejected. The bonds will not be sold for less than par and in addition to the amount of the bid the successful bidder must pay accrued interest at the rate borne by the bonds from the date of the bonds to the date of payment of the pmrohase price. All bidders are required to deposit a certified check payable to the order of the Town of Mamaroneck, for two per eentum of the amount of bonds bid for, drawn upon an incorp- erated bank or trust company. Checks of unsuccessful bidders will be returned upon the award of the bonds. Interest from the date of the award at the coupon rate will be allowed upon the amount of the check of a successful bidder and such check will be retained to be applied in part payment for the bonds or to secure the Town against any loss resulting from the failure of the bidder to comply with the terms of his bid. Proposals should be addressed to George W. Burton, Supervisor, No. 8 Elm Street, Mamaroneck, New York, and enclosed in a sealed envelope marked on the outside "Proposal for Bonds." The successful bidder will be furnished with the opinion of Messrs. Hawkins, Delafield and Longfellow, of New York City, that the bonds are binding and legal ob- ligations of the Town, payable in the first instance from a tax upon the taxable property in Fire District No. l, and not from a general town tax, which however may be levied if there is a shortage in the primary fund. The bonds will be prepared under the supervision of the United States Mortgage & Trust Company, which will certify as to the genuineness of the signatures of the officials and the seal impressed thereon. By order of the Town Board of the Town of Mamaroneck. Dated April 12th, 1922. George W. Burton. Supervisor. The question being taken upon the foregoing resolution, same was upon ROLL CALL, unanimously adopted. Justice Dudley, Chairman of the Weaver Street Fire house Committee, presented the contract to be entered into with Messrs. Eggers and Mink the Architects of said fire house. Upon motion, duly seconded, it was RESOLVED, that the form of contract sub- mitted by Messrs.Eggers & Mink, Architects, be referred to Counsel for his approval and upon the approval of same, the Super- visor is hereby authorized and empowered to sign said contract and to be attested by the Town Clerk. The question being taken upon the foregoing resolution, same was upon ROLL CALL, unanimously adopted. The Committee of the weaver Street Fire Company was present and reported the approval of plans presented and they reccomend that same be adopted. Upon motion by Justice Dudley, seconded by Justice Collins, it was RESOLVED, that the plans and specifications as presented be approved by this Board in substantially the form submitted. The question being taken upon the foregoing resolution, same was upon ROLL CALL, unanimously adopted. Upon motion, duly seconded, and upon ROLL CALL, it was VOTED, that the advertisement for bids for the erection of the New Weaver Street Fire House be received on Monday evening May 1st, 1922 at 8.30 P.M. at the office of the Town Clerk, 9 Elm Street, Mamaro- neck, New York, be published in the Richbell Press and Larchmorter Times. Upon motion, the meeting adjourned at 10. 30 P.M. Frederick M. Sherman Town Clerk.