1976-04-22 SP Z5
RESOLVED, that a public hearing be scheduled as provided by and in
accordance with law to consider whether Section 28. 1 of the Fire Code
should be repealed and be itfurther,
RESOLVED, that the Clerk of the Town
of
directed to post Queensbury be and hereby is
publish and cause to be made all legal notices necessary
for the holding of said public hearing before the Town Board of the Town of
Queensbury on the 11th day of May, 1976 at 7:30 P.M. at the Town Hall.
Duly adopted by the following vote:
Ayes: Mr. Olson, Mr. Barber, Mr. Robillard, Mr.. Robertson, Mr. Brandt
Noes : None
Absent: None .
Special Meeting April 22, 1976
Members Present:
Daniel Olson Deputy Supervisor
Robert Barber Councilman
Hamuond Robertson Councilman
Joseph Brennan Town Counsel
T he meeting was called to order by Deputy Supervisor Olson.
Meeting was started at 4:00 P.M.
A RESOLUTION AUTHORIZING THE ISSUANCE OF: A -$33,700.00 CAPITAL NOTE
OF THE TOWN OF QUEENSBURY, COUNTY OF WARREN, NEW YORK, TO_RENEW IN
PART A $70,000.00 CAPITAL NOTE OF SAID TOWN TO PAY PART OF THE COST
OF THE CONSTRUCTION OF A BUILDING FOR USE BY THE QUEENSBURY TOWN
HIGHWAY AND POLICE DEPARTMENTS OF SAID TOWN.
R introduced by Mr.Olson who moved its adoption
seconded by Mr. Barber. �-
WHEREAS, the Town Board of the Town of Q,ueeAsbury orx February 26, 1975,
adopted a capital note resolution in the amount of $70,000.00; and
WHEREAS, such a capital note was sold by the Supersor of the Town of
Queensbury to the First National Bank of Glens Falls, New York; and
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WHEREAS, said capital note was renewed .on February 26, 1976 pursuant to
they adoption of a resolution by the Town Board on February 26, 1976; and
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WHEREAS, said capital note is due as of April 23, 1976; NOW THEREFORE BE IT
RESOLVED, that the Supervisor of the Town of Queensbury or the Deputy
Supervisor and acting Supervisor of the Town of Queensbury in the absence of
the Supervisor be and he hereby is authorized to
(a) pay toward said capital note the sum of $16,300.00 plus interest
toward said capital note, and
(b) to partially renew said -capital note with a balance of $33,700.00
with the First National Bank of Glens Falls Glens -Falls, New :York_
for a period running from April 23 , 1976 to July 22, 1976 with in
terest not to exceed the rate of six and one .half percent
per annum. (A copy of the renewal capital note is attached bone
to. ) i
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UNITED STATE OF AMERICA" j
STATEPOF NEW-YORK
COUNTY OF WARREN
TOWN OF QUEENSBURY
CAPITAL NOTE, 1976 `
No. $33,700. 00
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The Town df Queensbury in the County of Warren, a municipality of the
State of New York hereinafter called the' Obligor hereby acknowledges itself
indebted and for value received promises to pay to the bearer of this note
on the 22nd day of July, 1076 $33, 700.00, ' together with interest thereon from
the date hereof at the rate of per cent ( )- per annum,
payable at maturity. Both principal and interest on this note will be paiad
in lawful money of the United States of America at the First National Bank
of Glens Falls, New York.
This note may be redeemed prior to maturity and may not be converted to
registered form.
This note is une of a total authorized issue of $33,700.00 issued pursuant
to the proceedings duly adopted by the Town Board of the Town of Queensbury
on the 22nd day of April, 1976, pursuant to a resolution entitled:
"CAPITAL NOTE RESOLUTION DATED APRIAL 22, 1976. A RESOLUTION AUTHORIZING
THE ISSUANCE OF A $33, 700. 00 CAPITAL NOTE OF THE TOWN OF OUEENSBURY,
WARREN COUNTY, NEW YORK TO RENEW IN-PART A $70,000.00 CAPITAL NOTE OF
SAID TOWN TO PAY PART OF THE COST OF THE CONSTRUCTION OF A BUILDING FOR
USE BY THE QUEENSBURY TOWN HIGHWAY AND .POLICE DEPARTMENTS."
The faith and credit of the Obligor are hereby irrevocably pledged for the
punctual payment of the principal of and interest on this note according to its
terms.
.-� It is certified and recited that all conditions, acts and things required
C4 by the Constitution and statutes of the State of New York to exist, to have
happ,enad and to have been performed precedent to and in the issuance of this
note, exist, have happened and have been performed, and that this note, to-
gether with all other indebedness of the Obligor is within every debt and
other limit prescribed by the Constitution and'. aws of such State.
IN WITNESS THEREOF, the Obligor, in accordance with the proceedings
authorizing this note, has caused this note to be signed and its corporate seal
to be hereunto affixed and attested as appears below, and this note is to be
dated as of the 23rd day of April 1976.
TOWN OF QUEENSBURY
WARREN COUNTY, NEW YORK
BY:
4 Deputy Supervisor an
Acting Supervisor
in the absence of the
Supervisor
ATTEST:
0 key-(pkfto K R°ft-
SEUM - RESOLUTION
RESOLUTION . 112, Introduced by Mr. Hammond Robertson who moved its
adoption, seconded by Mr. Daniel Olsnn:
WHEREAS, the Town Board of the Town of Queensbury on April 22 , 1975, adopted
a bond anticipation note resolution in the amount of $29,445.00; and
WHEREAS, such -a' bond .anticipation note was sold by the Supervisor of the Town
of Queen-sbury -td the Chase Manhattan Bank of Eastern New York, N.A. , Glens
Falls, New York; and
t___,iWHBREAS, _id bond anticipation note is due as of April 23, 1976;
NOW, THEREFORE, BE IT
RESOLVED, that the Supervisor of the Town�of Queensbury or the Deputy Super-
visor and acting Supervisor of the Town of Queensbury in the absence of the
Supervisor be and he hereby is authorized to
(a) pay toward said bond anticipation note the sum of $5, 980.00, and
(b) to, artially renew said bond anticipation note with a balance
of 23,456.00 with the Glens Falls National Bank and Trust
Company, Glens Falls, New York for a period running from April
23, 1976 to April 22 , 1977 with interest at the rate of six
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percent (6%) per annum the Chase Manhattan Bank of ,Eastern New York,
N.A. , in Glens Falls, New York to be paid in full from, the proceeds
of the renewal with the Glens Falls National Bank and Trust Company,
Glens Falls, New York. (A copy of the renewal bond anticipation
note is attached hereto.)
UNITED STATES OF AMERICA
STATE OF NEW YORK
i
COUNTY OF WARREN
TOWN OF QUEENSBURY
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BOND ANTICIPATION NOTE 1976
No. $23,456.00
The Town of Queensbury in the County of Warren, a municipality of the
State of New York hereinafter called the Obligor hereby acknowledges itself
indebted and for value received promises to pay to the bearer of this note
on the 22nd. day of April, 1977, $23, together with the interest thereon !
from the date hereof at the rate of -slix percent (6%) per annum, payable at
maturity. Both principal and interest on this note will be paid in lawful
money of the United States of America at the Glens Falls National Bank and
Trust Company, Glens Falls , New York.
This note may be redeemed prior to maturity and may not be converted to
registered form.
This. note is one of a total authorized issue fo $23,456.00 issued pursuant
to the proceedings duly adopted by the Town Board of the Town of Oueensbury
on the 22nd day of April, 1976, pursuant
f
"BOND ANTICIPATION NOTE CERTIFIED DATE APRIL . 22, 1976, CERTIFICATE
OF THE DEPUTY SUPERVISOR OF THE TOWW OF QUEENSBURY, WARREN COUNTY,
NEW YORK, AS ACTING SUPERVISOR IN THE ABSENCE OF THE SUPERVISOR,
AUTHORIZING THE ISSUANCE OF A $23,456.00 BOND ANTICIPATION NOTE TO
FINANCE PURCHASE OF A JOHN DEERE LOADER FOR WATER DEPARTMENT PURPOSESi
The faith and credit of the Obligor are hereby irrevocably pledged for
the punctual payment of the principal of and interest on thismote according
to its terms.
e �
It is 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 6f this
note, exist, have happened and have been performed, and that this note, to-
gether with all other indebtedness of the Obligor is within every debt and
other limit prescribed by the Constitution and laws of the State of New York.
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IN WITNESS WHEREOF, the Obligor, in accordance with th;e proceedings
authorizing this note, has caused this note to be signed and its corporate seal !
to be hereunto affixed and attested as appears below, and this note to be
dated as' of the 23rd day of April, 197.6.
TOWN OF 0UEENSBURY
WARREN COUNTY, NEW YORK
BY:
Deputy Supervisor an
Acting Supervisor _ I
in the absence of the
Supervisor
ATTEST:
TOWN CLER
On motion the meeting was adjourned.
Respectfully,
Donald A. Chase, Town Clerk
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