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OPEN SPACE PROPOSITION - LANGUAGE
What follows is the wording of the Open Space Proposition
PROPOSAL NUMBER TWO,
TOWN PROPOSITION NUMBER ONE
Shall the bond resolution dated September 3, 2008 authorizing the issuance of not to exceed $2,000,000 serial bonds of the Town of LaGrange, Dutchess County, New York to pay the cost of the acquisition of parcels of land, or rights or interests in land for passive and/or park purposes and the preservation of open spaces and farmland, throughout and in and for said Town, in order to protect drinking water sources, the quality of rivers and streams, wild life habitat and natural areas, including incidental expenses in connection therewith, at a maximum estimated cost of $2,000,000, providing that the period of probable usefulness of such class of objects or purposes is thirty years, and that the maximum maturity of such serial bonds will exceed five years, delegating to the Supervisor the power to sell and issue such serial bonds and to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance of and sale of such serial bonds, pledging the faith and credit of said Town to the payment of the principal of and interest on such obligations and providing for an estoppel provision, be approved?
Yes No
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