ABANDONMENT: Dunn Road ABSTRACTS: GENERAL FUND ...

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provided that the sum of $4,397.00 of such cost was to be paid from
existing funds in the Highway Budget, and the balance of $70,000.00
of such cost was to be paid from the proceeds of obligations to be
issued, pursuant to the Local Finance Law.
NOW, THEREFORE, BE IT RESOLVED:
SECTION 1. That the specific object and purpose for
which the obligations are to be issued, pursuant to this
Resolution, is to finance the cost of said highway truck.
SECTION 2. That the maximum estimated cost of such
specific object or purpose is $74,397.00 and the plan for financing
therefor is as follows:
made:
a) By the issuance of separate Serial Bonds in the
total amount of $70,000.00, consisting of five (5)
separate Bonds, each in the amount of $14,000.00,
hereby authorized to be issued pursuant to the Local
Finance Law and this Resolution;
b) By allocation of $4,397.00 from the Highway
Fund of the Town of Boston available therefor and
appropriated for such purpose in the 1993 Budget of
the Town of Boston.
SECTION 3.
The following determinations are hereby
a) The period of probable usefulness of such
vehicle is at least five (5) years;
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