371.91
A RESOLUTION AUTHORIZING THE ISSUANCE OF $44,000 SERIAL BONDS OF
THE TOWN OF QUEENSBURY TO FINANCE THE PURCHASE OF A RETORT CHAMBER
FOR THE PINE VIEW CREMATORIUM
RESOLUTION NO. 371, 1991,
Introduced by Mr. Ronald Montesi who
moved for its adoption, seconded by Mrs. Marilyn Potenza:
WHEREAS, the Town of Queensbury is the owner and operator of the
Pine View Crematorium, and
WHEREAS, the Town Board of the Town of Queensbury is desirous of
purchasing an additional retort chamber of said crematorium, and
WHEREAS, the proposed PURCHASE AND INSTALLATION PRICE OF THE
AFORESAID RETORT CHAMBER WILL NOT EXCEED THE AMOUNT OF FORTY-FOUR
THOUSAND ($44,000) DOLLARS, and
WHEREAS, it is now desired to authorize the financing of said
retort chamber by serial bonds and/or bond anticipation notes, and
WHEREAS, the action for which funding is proposed has been reviewed
by the Town Board pursuant to the mandates of the State
Environmental Quality Review Act and the Town Board has determined
the action to e a Type II Action for which an environmental impact
statement or other determination of proceedings under the Rules and
Regulations of the Department of Environmental Conservation are not
necessary,
NOW, THEREFORE, BE IT
RESOLVED, by Town Board of the Town of Queensbury as follows:
SECTION 1. The specific object or purpose to be financed
pursuant to this resolution is the purchase and installation of a
retort chamber to be installed in a building located on property
owned by the Town of Queensbury, within the Pine View Cemetery,
Queensbury, Warren County, New York.
SECTION 2. The total cost of purchase and installation of
such specific object or purpose is FORTY-FOUR THOUSAND ($44,000)
DOLLARS and the plan for financing thereof is the issuance of
$44,000 in serial bonds hereby authorized to be issued pursuant to
the Local Finance Law.
SECTION 3. It is hereby determined that the period of
probable usefulness of the aforesaid specific object or purpose is
five (5) years, pursuant to Subdivision 32 or Subdivision 35 of
paragraph A of Section 11.00 of the Local Finance Law. It is
hereby further determined that the maximum maturity of the serial
bonds herein authorized will not exceed five (5) years. It is
hereby determined that pursuant to Section 35(b) of the Local
Finance Law that this bond resolution is not subject to a
permissive referendum. It is hereby further determined that a five
percent (5%) down payment is not required, therefore, pursuant to
Section 107(5) of the Local Finance Law.
SECTION 4. The faith and credit of said Town of Queensbury,
New York, are hereby irrevocably pledged for the payment of the
principal of and interest on such bonds as the same respectively
become due and payable.
SECTION 5. Subject to the provisions of the Local Finance
Law, the power to authorize the issuance of and to sell bond
anticipation notes in anticipation of the issuance of and to sell
bond anticipation notes in anticipation of the issuance and sale of
the serial bonds herein authorized, including renewals of such
notes, is hereby delegated to the Town Supervisor, the Chief Fiscal
Officer. Such notes shall be of such terms, form and contents, and
shall be sold in such manner, as may be prescribed by said Town
Supervisor, consistent with the provisions of the Local Finance
Law.
SECTION 6. The validity of such bonds or notes, or any bond
anticipation notes issued in anticipation of the sale of such bonds
may be contested only if:
1. Such obligations are authorized for any object or
purpose for which the Town of Queensbury is not
authorized to expend money, or
2. the provisions of law which should be complied with at
the date of the publication of such resolution or
summary thereof, or certificate, as the case may be, are
not substantially complied with and an action, suit or
proceeding contesting such validity, is commenced within
twenty (20) days after the date of such publication, or
3. such obligations are authorized in violation of the
provisions of the constitution.
SECTION 7. This resolution shall be published in full by the
Town Clerk of the Town of Queensbury in the official newspaper of
the Town of Queensbury, together with a notice of the Town Clerk
substantially in the form prescribed in Section 81 of the Local
Finance Law.
SECTION 8. This resolution is not subject to a permissive
referendum.
Duly adopted this 24th day of June, 1991, by the following vote:
Ayes: Mr. Kurosaka, Mrs. Potenza, Mr. Montesi, Mrs. Monahan, Mr.
Borgos
Noes: None
Absent: None