1954-02-04R
i
A regular meeting oltine sown 1�oard,Town or lappinger was held in
the Town Hall on February 4 ,1954 ,
Present Supervisor r�dward R,Scofield , 6upt.of riighway Harry B.Griswold
Justice R.H.Dederer,Councilmen Emory J.Hager and Jesse H.DeVoe,Atty,
James J.Lyons and Town Clerk Edith n.Booth.
Yeeting called to order by Supervisor acofie d at 8 o'clock ?AT.
Minutes of previous meeting read and approved as read.
General rund
#12
Joseph Eagan- Post Laster ----- Postage Stamps --------
, 21.00
r
13
harry B.Griswold,Supt's Salary oan.lb--------
146.660
01
14
New York Telephone 6o.-- Service 'Town Hall --------
15.46
15
Dwight L.Robbins --- Cog --------
4.00
bu
16
Edward B.Beatty--Justice or Peace salary Jan. --------
.00
81.69
17
18
McCombs Stationery Store -- Supplies --------
State of lvew York,wotary Public Zic.,Town Clerk -------
b.00
19
Grinnell Libraryy Assn. --- Maintenance --------
4u0.00
4.00
2u
Joseph Costa )T) ---Dog Service --------
a
4.00
21
22
Dwight L.Robbins ---- Log Service --------
Social Security rund,Town Share uct.-f(ov.-Dec.19b3 ---
1u9.33
26
Harry B.Griswold -- Supt's palary January 6u, ------
Clerks Aalary ------
14b.84
lbu.00
24
2b
Edith h.Booth; Town
Pougjakeepsie Crew Yorker,Supervisors Annual Report ---
46.28
26
veterans oz i4oreign wars Yost V5916 maintenance ---
bu .00
L7
R.H.Dederer-.justice oz Peace Salary January ------
- 12b.00
28
Emory d.Hager,uouncilmans Salary " ------
25.00
29
Jesse H .Devoe tl " ------
?1b.00
8.00
6u
Dwignt :L.Roboins -- Dog Service ------
31
C.H.G.&.E.Corp. -- Service Store House ------
1.9u
;b22
u n e, , n _ ------
� - Service Town own Garage
8.6b_
4P 1,420 .00
Machinery Yund
,Eugene P.Reading Inc. I?irst
payment on shovel ----
lbu0.00
Sinclair xetining Co. Gas
----
lu2.bl
Eugene t'.Reading Inc. Repairs
----
15.46
do-wer R.Holden 11----
bu •Ob
Universal Road Machinery Co.
Repairs ----
13.bu
Service Lumber uo .
!,umber ----
6.61
rvappingers dardware ---
Supplies ----
1b.11b
Urey Hardware Co.Supplies --
----
•69
hen Smith Machinery Co. --
itepairs ----
13.9b
Christiansen & .Singe Lumber
Co . Supplies ----
2'l .bb
,Taranto Ia Garage --
Repairs ----
lu.25
017 63 . b 2
Building r'und
Christiansen & Linge !,umber Co. Supplies
Miscellaneous rund
Snow Removal January 1-1b ---- 832 .'1 b
Is it January 16-3u ---- llu 7.8b
,uew York telephone Oo. Service Town Garage ---- 8.lu
Midway Gas & ue-rvice Station --- Galt ---- 16.bu
rishkill Builders Supply Corp. -- band ---- 12.00
hennetn urosnier -- 'Tractor rent ---- bu.00
Highway !fund
Sinclair Refining Co. -- Gas ----P 124.23
91
Motion made by Councilman iaeV'oe seconded by i;ouneilmaxl huger that
bills be paid. Carried
Motion made by Councilman Hager seconded by Justice Lederer that
the 5-upervispr be empowered to authorize the Central Huds&n G.& E.
Corp.to install a street light on mean Avenue in tiughsonville,ii.Y.
Carried
notion made by Justice Lederer seconded by Councilman LeVoe that
the Supervisor be empowered to open new account at the National
bank or Wappingers Falls, N.Y. namely social Security Fund.
Carried
1 Bond resolution of February 4,19x4 authorizing the issuance and sale
of serial bonds or the Town of dappinger,Dutchess Co.,New York
in the amount of 08,000.00 for the purchase of a certain highway
Machinery a Power Shovel is hereby attached.
Motion made by Justice Dederer seconded by Councilman Hager that
meeting adjourn.
No Board of Health Meeting was held.
%�'
Carried
Resolution by Justice of Peace Ralph H. Dederer
Seconded by Town Councilman Emory J. Hager
SERIAL BOA1D RESOLUTION
BOND RESOLUTION OF FEBRUARY 4th, 1954,
AUTHORIZING THE ISSUANCE AND SALE OF SERIAL
BONDS OF THE TOWN OF WAPPINGER, DUTCHESS
COUNTY, NEW YORK, IN THE AMOUNT OF $8,000.00
FOR THE PURCHASE OF CERTAIN HIGH4AY MACHINERY,
TO WIT, A POWER SHOVEL.
Dated: February 4th, 1954•
WHEREAS, the Town Board of the Town of W appinger,
New York, after due public notice, and after advertisement for
bids pursuant to law by a Resolution duly adopted on the 17th
day of December, 1954, authorized the Town Superintendent of
Highways to purchase certain highway machinery, to wit, a power
shovel, at a total cost of Nine Thousand Five Hundred Dollars
(9,500.00) subject to the approval of the County Superintendent
of Highways, and provided that Eight Thousand Dollars (8,000.00)
of such cost was to be paid .from the proceeds of oblivations to
be issued pursuant to the Local Finance Law of the State of New
York, and
WHEREAS a contract of purchase for such machinery was
duly entered into by the Town Superintendent of Highways, which
contract has been approved by the County Superintendent of High-
ways,
NOW, THEREFORE, BE IT RESOLVED:
1. The specific object or purpose for which obliga-
tions are to be issued pursuant to this resolution is to finance
the cost of one used Bay City Model 2.5 Crawler Mounted Power
Shovel, 1/2 yd. capacity.
2. The maximum cost of such machinery is Nine Thou-
sand Five Hundred Dollars (9,500.00) and the plan of financing
such cost is as follows: a down payment of One Thousand Five
Hundred Dollars (1,500.00) by current funds in that amount to
be paid from the machinery fund; the balance of the cost is to
be provided by the issuance of Serial Bonds in the amount of
Eight Thousand Dollars (48,000.00) pursuant to this resolution.
3. The following determinations are hereby made:
(a) The period of probable usefulness of such
machinery is five (5) years.
(b) The sub -division of paragraph "a10 of Section
11.00 of the Local Finance Law which is applicable in the circum-
stances is sub -division 28.
(c) The proposed maturity of the obligations
authorized by this resolution will not be in excess of five
years.
4. That the Town of Wappinger shall issue its Serial
Bonds in the amount of Eight Thousand Dollars (08,000.00) to
finance such cost in accordance with the financial plan set forth
above. Such Bonds shall be dated approximately as of the date of
delivery of such machinery, and the power to fix and determine
the exact date of such bonds is hereby delegated to the Super-
visor.
5. Such Bonds shall be numbered "One's to "Four"
inclusive, and shall be in the denomination of Two Thousand Dol-
lars ($2,000.00) each, and the said Bonds shall mature in numeri-
cal order in annual installments in the years and amounts as
follows: 1955 Two thousand dollars ($2,000.00); 1956 Two Thou-
sand Dollars (2,000.00); 1957 Two Thousand Dollars ($2,000.00);
and 1958 Two Thousand Dollars ($2,000.00). The power to determin
the date upon which such installments shall become due and payabl
is hereby delegated to the Supervisor. The Bonds shall be issued
in bearer form, without coupons, and shall not contain a power to
convert to registered form. The said Bonds shall bear interest
at a rate not exceeding two and one half per centum (2-1/2%)
per annum, payable annually. Payments of such interest shall be
evidenced by notation thereof on the Bonds at the time of pay-
ment. The Bonds shall be in substantially the form of the Sample
Bond annexed hereto and hereby made a part hereof.
6. The Supervisor is hereby delegated the power to
prepare such Bonds and to sell the same at private sale, at not
less than par and accrued interest, and at such sale to fix the
interest rate to be borne by such bonds, within the limitations
set forth in this resolution. The Supervisor shall deliver such
Bonds to the purchaser thereof only against cash or a certified
check. The proceeds of the sale of the Bonds shall be deposited
in a Special Bank Account as required by Section 165.00 of the
Local Finance Law. The powers delegated to the Supervisor by
this resolution shall be exercised in conformity with the pro-
visions of the said Local Finance Law of the State of New York.
7. This resolution shall take effect immediately.
Vote of Town Board:
Aye Edward R. Scofield Supervisor
Aye R. H. Dederer Justice of the Peace
Aye Emory J. Hager Councilman
Aye Jesse H. DeVoe Councilman
Absent: Edward B. Beatty, Justice of the Peace
UNITED STATES OF AMERICA
STATE OF NEW YORK
No........... $..........
COUNTY OF ....................
SAMPLE BONDSAMPLE BOND
TOWN OF .......................
SERIAL BOND OF 19... .
The Town of .............................. in the County of
.... . .. ... . ... a municipality of the State of New
York, hereby acknowleldges itself indebted and for value received promises
to a to the bearer of this bond on the day of
19. . . ., the sum of .....................
Dollars ($ .................) , and to pay
interest on such sum at the rate of ........... per centum ( .... 'I'o ) per
annum, semi-annually on the ........ day of .................. and
... . . . . . . .. . ......... in each year from the date of this bond until it
matures, upon presentation of this bond for notation of such interest
payment thereon. Both principal of and interest on this bond will be
paid in lawful money of the United States of America, at the office of
.................................................
This bond may not be converted into a registered bond.
This bond is one of an authorized issue, the aggregate principal
amount of which is ............................................
......................... Dollars ($............... ),the bonds
of which are of like tenor, except as to number, [denomination] and
maturity, and are issued pursuant to a bond resolution entitled "Serial
Bond Resolution" duly adopted by the Town Board of such Town of
......... .................. I New York, on ..................,
19....
The faith and credit of such Towyn of .........................
New York, are hereby irrevocably pledged for the punctual payment of
the principal of and interest on this bond according to its terms.
It is hereby certified and recited that all conditions, acts and things
required by the Constitution 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 per-
formed, and that the issue of bonds of which this is one, together with
all other indebtedness of such Town of ............................
New York, is Within every debt and other limit prescribed by the Con-
stitution and laws of such State.
IN WITNESS WHEREOF, the Town of .........................
New York, has caused this bond to be signed by its Supervisor, and
its corporate seal to be hereunto affixed and attested by its Town Clerk
and this bond to be dated as of the ........ day of ................. .
l 19....
Town of ............................ New York
By.....................................
Its Supervisor
(Town Seal)
Attest:
...........................
Town Clerk of the
Town of .......................... New York