641.91
RESOLUTION AUTHORIZING PAYMENT OF COUPON BONDS BY
FIRST NATIONAL BANK OF GLENS FALLS
RESOLUTION NO. 641, l991
INTRODUCED BY: Mrs. Marilyn Potenza WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mrs. Betty Monahan
WHEREAS, the Town Board of the Town of Queensbury, by a
previous resolution, authorized the sale of certain serial bonds
for public improvements, and
WHEREAS, payment of the aforedescribed serial bond issue was
authorized by way of the submission of coupons requesting payment,
and
WHEREAS, the Town Board of the Town of Queensbury was advised
by the First National Bank of Glens Falls that certain coupon bonds
totaling the amount of $3,950.00, bearing numbers l0l7, l0l8, l022,
and l047 through l053 and dated April l, l990 and October l, l990
were either lost or destroyed on premises and has requested
authorization of payment, and
WHEREAS, the First National Bank of Glens Falls has presented
to the Town a letter of indemnification and security as required by
Section l64 of the Local Finance Law and an Affidavit concerning
proof of loss or destruction and proof of ownership,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and ratifies payment of the aforementioned coupon bonds
by the First National Bank of Glens Falls and further indicates
that there will be no charge assessed for the payment of the cost
of preparing and issuing a new coupon bond as the same are not
necessary.
Duly adopted this 2nd day of December, l991, by the following
vote:
AYES : Mr. Kursaka, Mrs. Potenza, Mr. Montesi, Mrs. Monahan,
Mr. Borgos
NOES : None
ABSENT : None