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At a special neetin9 of the Board of Trustees of the V~llage of ~appingers Falls,
<br />Dutchess County, New York, held at Hesier Homestead, in said Village, oD the
<br />2nd of February, 1971, at 4::30 P.M., the following were present:
<br />
<br />~layor Furnari,~Tro Di~omizio, Tr. Valentino, Tr. Bain, Tro-Synnett, Yr.
<br />Hoolihan, Tr. McCluskey and Atty. Lyons.
<br />
<br />The foll~,resolutioa ~as offered by Tr. McCluskey, who moved its adoption,
<br />seconded~l~,Slamett, to-wit
<br />
<br />tre~olution dare. February 2, 1971
<br />
<br />A Resolut'i~~n9 for the consolidation a~d~tale into one issue of serial
<br />bonds, aggf~*332,000, heretofore se~ara~21~ authorized by the
<br />off Wappin~rs Falls, New York, for varims water
<br />
<br /> BE IT R~, by the B~rd of Trustees of the Village of ~ppin~rs. Falls,
<br />Dulness ~nty, N~ York, as follows~
<br />
<br /> Section 1. ~ the $90.~ serial bon~ authorizg by a bond resoluti~ Itg
<br />~ 1~, ffo~ t~2 construction of additions t° the water su~ly system ~
<br />2h~Vil~ge-of Wappzn~rs Falls, New Yo~k, there s~ll be issu~ and sold o~ly
<br />$70,~ of su~ a~uut. Su~ $70,000 bonds shall ~ture $7,~ in 1971, $~,~0
<br />in each off the years 1972 to 1980, bo~h inclusive, a~d $4,~ in each ~
<br />years 1981 to 1984, both i~l~sive, a~ shall be consoli~ed with other issues
<br />of bonds of ~id Village as hereinafter authoriz~. It is hereby
<br />that the ~ri~ ~ probable usefulness of t~ aforesaid ob~edt or ~e is
<br />for~y ~ars, pursuit to su~ivision 1 of ~ragraph a of ~ction 11.~ ~ ~
<br />Local Finance ~w, c~put~ rrm Narc9 2~, 1966, the ~te of th~arliest
<br />antici~tion noie issued therefor. It Is hereby further dete~i~ t~t the
<br />o~ $5,~ ~re ~id ~espectlvely on ~rch 21 [n each of ~he years 1967 to
<br />both inclusive, and on ~arch 20, 1970, to ~rtially r~uce the princi~l a~un~
<br />off bond antici~tion notes issu~ in antici~tion ~ said bonds, all ~ said
<br />s~s ~yable ~rom a source other thab the p~ocee~ off the bo~s or bo~ anticip-
<br />ation notes and constituting the first, second, third and fourth ~ents ~ the
<br />principal a~ount of such i~ebt~ness.
<br />
<br /> Section 2. ~e $2~0,~ serial bonds aathoriz~by b~d resol~
<br /> Apri~ 8~97~, ~o ~Y '~rt of t~ ~st of the construction of a~ to ~
<br /> w~r supply syste~ of said Village~ shall mature $18~ in ea~ the years
<br /> 1972 to 1978~ both inclusive, and $19,~ in each of the years l~to 1984,
<br /> both incisive, and shall be consolidat~ with other issues of ~s of said
<br /> Villa~ as herei~fter authorize. It is hereby determined that the ~ri~ of
<br /> probable ~eful~s o~ the ~oresaid object or put.se is forty ~ars,
<br /> pursuant t~ su~ivision 1 o~ ~ragraph a of section 11.00 if t~ ~cal Fi~e
<br /> ~w, cg~t~ fr~ July 10~ 1~0~ ~he ~te ~ the earliest b~ aatici~ti~
<br /> note issu~ therefor.
<br />
<br /> Section 3. The $25,000 serial bonds authorized'by bond resolutioa dated
<br />September!971), for the construction of additionS to the water supply system
<br />of s-~i-d~zllage, shall mature $2,000 i~ each of the years 1972 to 1978, both
<br />inclusive, $1,000 in each-of' the years 1979 and 1980, and $1,BO0 in each of the
<br />years 1981 to 1984, both inclusive, and shall be consolidated with other issues
<br />of bonds of said Village as hereinafter authorized. It is hereby determined that
<br />the period'of probable usefulness of the aforesaid object or purpose is forty
<br />years, pursuant to sul~division 1 of paragraph a of Section 11.00 of the Local
<br />Finance Lam, computed from December, 1970, the date of the earliest bond anticipat-
<br />
<br />
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