HomeMy WebLinkAboutMN-CC-1962 - Page 6- 2
.`spencer :Load Area Sewer System
`ewage Treatment Plant Fund
'rterial Highway Fund
,mpt1 Social Security Contributions
mn'1 Savings Bonds Account
.�mp'l N.Y. State 7 °lithholding Tax
Emp'l Group Insurance Deductions
"orkments Compensation Reserve (Time Account)
Firemen's Relief Fund " it
Stet. Vol, Firemen's Assoc. " t'
City Cemetery Fund
Hillick Cemetery Fund
Storms Cemetery Fund
Holmes -Stamp Cemetery Fund
Trust Funds ^ccount (Guarantee & Bid Deposits,
Urban Renewal
Alderman Hart abstained from voting.
J nuary 3, 196'
Bingo Licenses, Tax Sale Redemptions)
Carried.
COLLATERAL TO SECURE DEPOSITS• The Clerk reported that under present agreements
the Tompkins County Trust Company is required to deposit $4£0,000.00 in approved
collateral to secure deposits and the First National Bank & Trust Company is re-
quired to deposit $200,000.00 for like purpose. He advised that under escrow agree-
ments approved by the Council for both banks there is on deposit in the Chase
Manhattan Bank of New York the sum of $460,000.00 by the Tompkins County Trust
Company and the sum of $200,000.00 by the First National Bank & Trust Company,
both in U.S. Government bonds, to secure deposits in each of the respective banks.
By Alderman Stallman: seconded by Alderman Baldwin
RESOLVED, that the collateral deposited by the Tompkins County Trust Company and
the First National Bank & Trust Company respectively., as reported by the City
Clerk, be and hereby are approved as to form and sufficiency.
Carried.
PUBLIC OFFICIALS' BONDS: By Alderman Stallman: seconded by Alderman Baldwin
RESOLVED, that pursuant to provisions of the City Charter and Section II of the
Public Officers' Law the following bonds which have been approved by the Mayor
and are on file in the office of the City Clerk be and hereby are approved in
all respects for the year 1962:
NAME
Adeline L. Shaw
Edward J. Casey
Faithful Performance
Bond
TITLE A MOU NT
City Chamberlain $50,000.00
City Judge 2,000.00
For all city employees 50,000.00
BOND NO.
401279 -A
( American Casualty_ Co)
401280 -A
(American Casualty Co)
904172
(American Casualty Co)
Carried.
ANNUAL REPORT OF VETERAN VOLUNTEER FIRrT_E 'S t SS'N: The Clerk read an annual report
for the year 1961 covering activities of the Veteran Volunteer Firemen's Associatic_
indicating total receipts of $3,398.46 and disbursements of a like amount.
The report was received and ordered filed.
CAPITAL IMPRnynTv -NT PROGRkM• Controller 'leinstein reported that a capital improve-
ments program had been prepared by the Planning Board and copies mailed to each
alderman.
By Alderman Kilby: seconded by Alderman Murphy
RESOLVED, that the capital improvement nrnaram ho