1951-09-29 SP Page # 373 insert at asterist on page.
Special Meeting September 29, 1951
Present:
H. Russell Harris Supervisor
Henry Sleight Justice of Peace
Meredith Bentley Justice of Peace
Curtis Lampson Councilman
Raymond walkup Councilman
The board convened at 7:30 P.M.
The Town Board generally discussed moneys expended for highway
and funds,
esglutt n Np,,., introduced by Mr. Bentley who moved its adop-
tion, seconded by Mr. Sleight. 1
BUDGET NOTE RESOLUTION of September 29, 1951, of the Town
of Queensbury, Warren County, New York, in the amount of
$4,000.00.
BE IT RESOLVED this 29 day of September, 19512 by the Town
Board of the Town of Queensbury, Warren County, New York, as
follows :
Section 1. That, pursuant to the Local Finance Law of the
State of New York, the Town. of Queensbury, Warren County, New
York, for the purpose of providing funds for item 4 of the High-
way Department of toe Town of Queensbury for the balance 'of the
fiscal year of 1951, shall issue and sell a budget note in the
amount of $4,000.00 to mature on the 1st day of January, 1952,
Section 2. That, except as herein specifically prescribed,.
said note shall be of the date, terms, form, contents and place
of payment and at a rate of interest not exceeding five per cent
um per annum as may be determined by the Supervisor, consistent,
however, with the provisions of the Local Finance Law of the
State of New York, and shall be executed in the name of the said
Town by' the Supervisor and the seal of the Town shall be attached
thereto,
Section 3. That said note shall be sold at private sale
by the Supervisor at a price not less than par value and accrued
j interest, if any, and upon the due execution and sale of said
N note, the same shall be delivered to the purchaser upon the pay-
ment to the Supervisor of the purchase price in cash; and the
receipt of the Supervisor shall be a full acquittance to such
purchaser who shall not be obliged to see to the application of
the purchase money.
Section 4„ The full faith and credit of the Town of Queensbury,
Warren County, New York, are pledged to the punctual payment of
principal of and interest on said note.
Section 5. This resolution shall take effect immediately.
The foregoing resolution was duly put to a vote by the
Town Board which resulted as follows:
H. Russell Harris Supervisor Yes
Meredith Bentley Justice of Peace Yes
Henry Sleight Justice of Peace Yes <
Raymond Walkup Councilman Yes
Curtis Lampson Councilman Yea r+?
Noes - none
The foregoing resolution declared adopted.
it
Page #373 insert at asterisk on page
Sheet #2
Resolution No. 47B introduced by qtr. Bentley who moved its
adoption, seconded by Mr. Sleight.
WHEREAS, the Town Board has authorized the issuance and
sale of a budget note in the amount of $4,000.00 to provide funds
for the highway department of the town of Queensbury for the
balance of the fiscal year of 1951.
RESOLVED that the Supervisor be and hereby is authorized
and directed to invest $4,000.00 of the funds irk the capital
reserve fund of the town by purchasing said budget note.
The foregoing resolution was duly put to vote which result-
ed as follows :
Mr. Harris Yes
Mr.' Bentley Yes
Mr* Sleight Yes
)Ar. Walkup Yes
Noes - none
Mr. Lampson Yes
,
On motion the meeting adjourned.
Frances L. Turner
Town Clerk
i