618.93
RESOLUTION REGARDING REFUND OF INTEREST PAYMENTS
ON SERIAL BOND #3
RESOLUTION NO. 618, 93
INTRODUCED BY: Mr. Michel Brandt
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Pliney Tucker
WHEREAS, the Town of Queensbury has requested a refund of
interest payments made to the Depository Trust Company in error, on
Serial Bond #3, and
WHEREAS, the Depository Trust Company requires agreement to an
indemnification clause before the moneys are returned, and
WHEREAS, the amount to be refunded is $2,567.50 for all
remaining outstanding payments,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the Town Supervisor to request the return of the funds
described in the preambles of this resolution, and as part of that
request for funds, execute any documents that may be necessary to
request the return of the funds, and agree to an indemnity clause
which would require the Town of Queensbury to indemnify the
Depository Trust Company, its officers, and employees, against any
and all claims, liabilities, losses, expenses, suits, or damages
resulting from the request for the return of the interest payments.
Duly adopted this 25th day of October, 1993, by the following
vote:
AYES: Mr. Caimano, Mr. Tucker, Mrs. Monahan, Mrs. Goetz,
Mr. Brandt
NOES: None
ABSENT: None