USA > Massachusetts > Essex County > Newburyport > City Officers and the Annual Reports to the City Council of Newburyport 1910 > Part 4
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New supply, Artichoke river dam
215.00
New supply, new filter .
547.86
New meters
33.10
11,802.92
MAINTENANCE
General maintenance
$3,635.27
Pumping station maintenance. 7,694.52
Amounts carried forward.
$11,329.79 $38,377.92 $58,408.17
Extension of mains.
75
CITY AUDITOR Public Service Enterprises-continued WATER WORKS-continued
Amounts brought forward.
$11,329.79 $38,377.92 $58,408.17
Pumping station maintenance, Artichoke
2,066.78
Street standpipe
60
171.79
Service pipe
66
573.78
Main pipe
66
220.81
Hydrant
180.59
Ga te
122.60
Reservoir
10.10
Filter beds
163.83
Meter beds
41.43
Sundry water receipts.
2.00
14,883.50
53,261.42
Balance, Dec. 17, 1910
$5,146.75
CEMETERIES
SALARIES AND WAGES
Appropriation
$250.00
PAYMENTS
250.00
MISCELLANEOUS
$50.00
Transferred to this department.
25.00
$75.00
PAYMENTS
Fuel
4.63
Repairing gate posts
2.87
Use of land for driveway
20.00
Use of water
15.00
Galvanized pipe
13.44
Implements
6.44
. 62.38
Balance to general treasury
$12.62
Salary of superintendent.
Appropriation
76
ANNUAL REPORTS INTEREST
Appropriation
$44,000.00
REVENUE, CREDITED TO INCOME ACCOUNT
Interest on overdue taxes and assessments. $ 3,947.23
Rebate for advance payment. 4.37
Interest from water commissioners. 12,575.00
Interest on bank deposits. 1,210.50
$17,737.10
PAYMENTS
Interest on tax notes
$ 3,194.24
trust fund notes
1,690.00
bonds, school
3,001.25
66
sewer
5,970.00
66
water
12,452.50
66
refunding
6,260.00
66
66
bridge
1,470.00
66
66 trust fund
1,350.00
66 refunding overdraft
600.00
66
66 refunding J. V. F.
480.00
Transferred to bridge bonds
1,000.00
37,467.99
Balance to general treasury
$6,532.01
66
77
CITY AUDITOR
MUNICIPAL INDEBTEDNESS
1909.
Dec. 18, gross city debt
$962,750.00
DEBTS INCURRED DURING 1910
1910.
Jan. 10, note No. 6, anticipation of taxes, due Oct. 10, 1910. . $25,000.00
March 21, note No. 7, anticipation of taxes, due Oct. 21, 1910. .
50,000.00
March 21, note No. 8, anticipation of taxes, due Oct. 21, 1910.
50,000.00
Nov. 5, note No. 9, anticipation of taxes, due April 5, 1911
25,000.00
Dec. 17, schoolhouse bonds, $2000, due Nov. 1st each year
30,000.00
180,000.00
$1,142,750.00
DEBTS PAID DURING YEAR
1910.
Feb. 4, note No. 699, anticipation of taxes. $ 1,000.00
Apr. 2, note No. 5, anticipation of taxes. . 30,000.00
Oct. 10, note No. 6, anticipation of taxes. . 25,000.00
Oct. 21, note No.
7, anticipation of taxes. 50,000.00
Oct. 21, note No.
8, anticipation of taxes. 50,000.00
Bridge bonds
7,000.00
Overdraft bonds
2,000.00
Trust funds
4,000.00
Water bonds
14,000.00
Schoolhouse bonds, due June 1, 1910.
27,500.00
210,500.00
Gross city debt, Dec. 17, 1910
$932,250.00
INCOME ACCOUNT
-
RECEIPTS
Burial lots
$ 137.00
Interest
17,737.10
Street watering, 1910
3,166.57
City clerk
1,071.75
Police
996.99
Public library
1,915.52
Municipal buildings (city hall)
649.00
Sealer of weights and measures.
154.02
School department
2,913.00
Street railway tax
1,688.80
Treasurer and collector
200.85
Departmental
59.10
Corporation tax
15,592.48
National bank tax
2,702.22
Estimated income
$48,984.40 40,950.00
To excess and deficit account.
$8,034.40
78
ANNUAL REPORTS EXCESS AND DEFICIT ACCOUNT
Debit
Credit
Excess of income over estimate
$8,034.40
Aldermen and council .
Undrawn
111.04
Mayor's department
75.15
Auditor's department
84.02
Treasurer and collector's department.
20.10
Assessors' department
27.47
Expense of bond issue.
197.50
City clerk's department.
119.43
Law department
81.75
Election and registration. .
222.03
Municipal buildings (city hall) .
175.48
Police supervision
31.68
Police salaries
66
165.60
Police lighting
76.54
Police station
66
135.77
Fire, administration
25.00
Fire, salaries
66
45.13
Fire, horses and care of same.
Overdrawn
$1,809.52
Fire, fuel
15.43
Fire, lighting
. Undrawn
3.80
Fire, hydrant service and water .
Overdrawn
173.91
Fire, new hose
Undrawn
33.80
Fire, hook and ladder
392.21
Fire, equipment and repairs .
66
16.56
Fire, repairs on buildings
128.37
Fire, miscellaneous expenses.
273.68
Fire alarm and wires, miscellaneous.
64.67
Inspection of plumbing.
83.50
Sealer of weights and measures
24.56
Moth extermination
324.36
Tree warden and care of trees
90.89
Harbor master
7.29
Health and sanitation, vital statistics.
123.59
Health and sanitation, miscellaneous. .
163.12
Health and sanitation, insp. milk & vinegar
66
28.51
Health and sanitation, sewer maintenance.
66
212.42
Health and sanitation, ashes and rubbish. .
66
262.47
Health and sanitation, street cleaning ... Overdrawn Health and sanitation. convenience station . Undrawn
37.06
6.75
Highways, administration
52.46
Highways, repairing
Overdrawn 66
205.88
High ways, culverts
4.70
Highways, bridges
. Undrawn
2,444.30
Highways, sidewalk State & Pleasant streets
15.55
Highways, lighting
628.36
Highways, street sprinkling
66
235.52
High ways, sidewalks and curbing
Overdrawn
14.10
Highways, snow removal . Undrawn 66
79.22
Poor department
Overdrawn
467.34
Military aid
. Undrawn
176.00
Soldiers' relief
361.89
Education, salaries
290.96
Education, miscellaneous
Overdrawn
842.76
Amounts carried forward.
$3,570.70 $16,305.52
66
132.75
Police miscellaneous expenses.
66
66
19.87
Highways, miscellaneous
66
66
79
CITY AUDITOR
Excess and Deficit Account -- continued
Amounts brought forward.
Debit Credit $3,570.70 $16,305.52
Education, fuel
. Undrawn
40.85 62.50
Education, light
Education, school buildings.
Overdrawn
294.79
Public library, salaries
. Undrawn
61.11
Public library, miscellaneous.
Overdrawn
.55
Public library, fuel
. Undrawn
92.98
Public library light
35.95
City parks
40.16
Atkinson common
.75
Play grounds
283.88
Other city properties
54.28
Cemeteries, miscellaneous
12.62
Interest
6,532.01
Abatement, watering streets 1910
4.73
Abatement, watering streets 1909
17.18
Abatement, watering streets 1908.
32.88
Abatement, preservation of trees 1909
1.98
Abatement, preservation of trees 1908.
4.00
To county of Essex, Chain bridge.
18,700.00
Balance to Sinking fund commissioners.
895.80
66
60
66
$23,522.61 $23,522.61
80
ANNUAL REPORTS
FINANCIAL STATEMENT FOR 1910
Statement of Income, Appropriations, Expenditures and Balances for the Year Ending Dec. 17, 1910.
INCOME
Revenue accounts
Receipts for December
Total Receipts
Estimated Receipts
Corporation tax
$15,592.48
$12,000.00
National bank tax
2,702.22
2,000.00
Street railway tax
1,688.80
1,500.00
Street watering, 1910
3,166.57
4,000.00
Cemetery, sale of lots.
137.00
200.00
City clerk's department.
25.00
1,071.75
600.00
Interest
122.64
17,737.10
15,000.00
Police department
250.00
996.99
900.00
Public library
150.00
1,915.52
1,500.00
Municipal building
95.00
649.00
500.00
School department
152.00
2,913.00
2,500.00
Sealer of weights and measures.
26.25
154.02
100.00
Treasurer and collector's department.
75.40
200.85
150.00
Departmental receipts
. .
. . .
Net receipts
$896.29
*$48,984.40
$40,950.00
Taxes, 1910
$202,386.67
Taxes, previous years
67,946.75
Street watering, previous years
3,621.92
Preservation of trees.
1,151.90
Betterments
280.71
Total net receipts
$324,372.35
*Excess of income over estimate, $8,034.40.
EXPENDITURES
GENERAL GOVERNMENT:
Trans.to this Dept.
Total Credits
Trans. fr. this Dept.
Expend- itures
Un- drawn
Over- drawn
Aldermen and council, Appro- gas investigation, mu- priat'n nicipal register
$3000
$3,264.90 $1,700
$3,153.86
$111.04
. .
Mayor's office
1,300
1,300.00
1,224.85
75.15
City auditor's depart. .
1,200
1,204.00
1,119.98
84.02
Treas. and col. dept ...
2,500
200
2,701.72
2,681.62
20.10
Assessors' dept
1,900
450
2,350.00
2,322.53
27.47
Expense bond note issue
300
300.00
102.50
197.50
City clerk's dept ..
1,700
1,702.00
1,582.57
119.43
. .
City messenger's dept. .
900
900.00
900.00
Law department
700
700.00
618.25
81.75
Elec. and registration. .
1,750
1,750.00
1,527.97
222.03
City hall
1,500
1,514.39
1,338.91
175.48
. .
Protection of Life and
Property, police dept:
Supervision
1,300
1,300.00
1,268.32
31.68
. .
Salaries
12,300
12,300.00
1.100
12,134.40
165.60
·
Light
250
250.00
173.46
76.5
Maintenance of build ..
450
451.93
319.19
132.75
. .
Miscellaneous expenses
450
450.00
.
314.23
135.77
.
. .
..
. .
. .
.
.
. .
. .
.
·
. .
. .
. .
. .
. .
. .
.
.
. .
. .
. .
. .
. . .
. . .
. . .
. . .
59.10
. .
. .
8İ
CITY AUDITOR Financial Statement for 1910-continued EXPENDITURES-continued
Appro- priat'n
Trans.to this Dept.
Total Credits
Trans. fr. this Dept.
Expend- itures
Un- drawn
Over- drawn
Fire department:
Supervision
300
300.00
275.00
25.00
. .
Salaries
8,000
8,002.50
7,957 37
45.13
Horses and care of.
3,000
3,000.00
4,809.52
1,809.52
Fuel
700
700.00
715.43
15.43
Light
400
400.00
396.20
3.80
Hydrant service, water
5,000
5,000.00
5,173,91
173.91
New hose
1,200
1000
2,200.00
1000
1,607.79
392.21
. .
Equipment, repairs ...
1,30
250
1,550.00
1,533.44
16.56
. .
Repairs on buildings ..
600
600.00
471.63
128.37
. .
Miscellaneous expenses
200
300
538.50
264.82
273.68
. .
Fire Alarm, Wires:
Supervision
300
300.00
300.00
.
. .
Miscellaneous expenses
500
200
700.00
635.33
64.67
. .
Inspection plumbing ...
250
250.00
166.50
83.50
..
Sealer weights, meas ..
725
50
775.00
750.44
24.56
. .
Moth extermination ...
2,850
. .
. .
3,897.44
324.36
..
Care of trees, warden.
500
771.22
680.33
90.89
. .
Harbor master
125
125.00
117.71
7.29
. .
Health and Sanitation:
Supervision and labor ..
500
500.00
500.00
Vital statistics
300
300.00
176.41
123.59
..
Miscellaneous expenses
1,500
100
1,960.14
1,797.02
163.12
..
Inspec. school children.
200
200.00
200.00
Inspec. of animals .....
300
. .
. .
. .
Inspec. meats, provis ..
500
500.00
500.00
Inspec. milk, vinegar ..
700
125
825.00
796.49
28.51
. .
Sewer maintenance. ..
400
470.77
258.35
212.42
. .
Street cleaning
3,500
225
3,725.25
3,762.31
37.06
Care of public conven- ience stations
100
100.00
93.25
6.75
. .
Highways and Bridges:
Supt. and office expense
1,600
1,600.00
1,547.54
52.46
Salaries
6,435.45
6,435.45
. .
Repairing
10,000
150
10,784.41
500
10,990.29
205.88
Culverts
1,200
. .
. .
1,205.70
4.70
Bridges
4,200
4,200.00
1,755.70
2,444.30
. .
Road roller
2,500
2,500.00
500
2,500.00
. .
Construction,
( new
work) sidewalks, on
State and Pleasant streets
1,000
1,000.00
984.45
15.55
. .
New city shed.
700
700.00
700
700.00
..
. .
Lighting
13,500
900
14,400.00
. .
. .
Sprinkling
7,400
8,300.03
2550
8,064.51
235.52
. .
Sidewalks and curbing.
1,700
250
2,714.84
. .
2,728.94
14.10
Snow removal
2,500
500
3,166.43
3,146.56
19.87
. .
Miscellaneous
200
200.00
120.78
79.22
. .
Rent of sheds
125
. .
. .
125.00
.
.
. .
. .
. .
.
. .
2,166.20
33.80
. .
Hook and ladder truck.
2,000
. .
. .
. .
.
.
. .
. .
. .
··
. .
. .
.
. .
. .
. .
2,458.11
262.47
Ashes and rubbish .. .. .
2,700
. .
. .
. .
. .
. .
.
. .
.
. .
. .
. .
. .
.
..
. .
125.00
.
. .
. .
.
. .
..
. .
.
. .
.
. .
. .
.
. .
. .
. .
. .
. .
.
13,771.64
628.36
300.00
300.00
2,720.58
1,201.00
. .
. .
. .
2,000.00
4,221.80
82
ANNUAL REPORTS
Financial Statement for 1910-continued EXPENDITURES-continued
Trans.to Appro- this priat'n
Dept.
Total Credits
Trans.fr. this Dept.
Expend- itures
Un- drawn
Over- drawn
Charities:
Poor department
12,000
13,996.59
. .
14,463.93
467.34
Anna Jaques hospital ..
600
600.00
600.00
. .
Homeopathic hospital ..
300
300.00
. .
. .
. .
Soldiers' Benefits:
Military aid
350
814.50
638.50
176.00
. .
Soldiers' relief
7,000
1500
8,609.25
8,247.36
361.89
. .
Education:
Salaries
42,000
42,000.00
41,709.04
290.96
Miscellaneous
4,000
4,005.63
4,848.39
842.76
Fuel
3,000
3,000.00
2,959.15
40.85
Light
225
227.00
164.50
62.50
School buildings
2,500
2800
5,310.00
5,604.79
294.79
Public Library:
Salaries and wages ....
3,775
3,775.00
3,713.89
61.11
.
Miscellaneous payments
125
75
210.30
210.85
.55
Fuel
350
350.00
50
257.02
92.98
. .
Light
400
400.00
364.05
35.95
. .
Recreation:
City parks
500
500.00
459.84
40.16
Atkinson common
500
510.00
509.25
.75
Memorial day
300
300.00
300.00
Firemen's Memorial Sunday
75
75.00
75.00
Play grounds
1,000
1,000.00
716.12
283.88
Unclassified :
City clocks
75
75.00
75.00
. .
Other city properties ..
900
1,080.01
1,025.73
54.28
..
Reserve fund
1,000
1,000.00
1000
1,000.00
. .
. .
Cemeteries:
Supervision and labor.
250
250.00
250.00
. .
..
Miscellaneous
50
25
75.00
62.38
12.62
. .
Interest
44,000
44,000.00
1000
37,467.99
6,532.01
. .
Indebtedness:
Bridge bonds
6,000
1000
7,000.00
. .
.
..
Overdraft bonds
2,000
2,000.00
2,000.00
. .
. .
Refunding bonds
4,000
. .
4,000.00
4,000.00
..
. .
Sinking funds
12,000
12,000.00
..
..
Abatements, street wa- tering
54.79
54.79
Abatements, pres. trees
. .
. .
Totals
$266,050 $10,100
$290.265.14 $10,100
$278,703.74
$15,488.21
$3.926.81
Excess of income over estimate ..
Payment to county of Essex, Chain bridge award.
Payment to sinking fund commissioners.
$23.522.61 $23,522.61
. .
.
. .
. .
..
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·
·
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·
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$ 8,034.40
18,700.00
895.80
. .
.
. .
. .
300.00
. .
. .
. .
..
. .
. .
..
. .
.
. .
. .
. .
·
12,000.00
5.98
.
5.98
7,000.00
83
CITY AUDITOR Financial Statement for 1910-continued RECAPITULATION OF EXPENDITURES
General government
$16,573.04
Protection of life and property
46,128.65
Health and sanitation.
10,841.94
Highways and bridges
54,076.56
Charities
15,363.93
Soldiers' benefits
8,885.86
Education
55,285.87
Library and reading room.
4,545.81
Recreation
2,060.21
Unclassified
2,100.73
Cemeteries
312.38
Interest
37,467.99
Indebtedness
25,000.00
$278,642.97
84
ANNUAL REPORTS MISCELLANEOUS ACCOUNTS BROMFIELD FUND CR.
From trustees of trust funds.
$412.50
DR.
Tree warden and care of trees. $206.25
Sidewalks and curbings 206.25
$412.50
SIMPSON FUND
CR.
From trustees of trust funds.
$900.00
DR.
Sprinkling streets
$900.00
BALCH FUND Under Will of Helen B. Fowler
CR.
From executors of will of Helen B. Fowler.
$10,000.00
DR.
To sinking fund commissioners, trustees.
$10,000.00
OVERLAY ACCOUNT CREDITS
Balance from previous year .
$ 5,017.94
Omitted assessments for year 1909.
14,006.24
Reassessments for year 1909
68.40
Overlay from 1910 tax levy.
12,396.54
$31,489.12
DEBITS
Abatements of tax 1910, less reassessments. $14,688.35
Abatements of tax 1909, less reassessments .
941,08
Abatements of tax 1908, less reassessments
314,16
Abatements of tax 1907.
679.87
Abatements of tax 1906.
371.00
Abatements of tax 1904.
.50
16,994.96
Balance
$14,494.16
85
CITY AUDITOR CITY DEBT AND ASSETS
Dec. 17, 1910
Bonds
Due
Refunding
4 per cent, July 1, 1911 $ 90,000
Refunding
4 per cent, Apr.
1, 1913 25,000
Sewer
4 per cent, Sept. 1, 1919 107,500
High school
31/2 per cent, July 1, 1922. 35,000
High school
31/2 per cent, Dec. 1,
1923.
50,000
Refunding
4 per cent, Nov.
1, 1924.
62,000
Sewer
3 1/2 per cent. Sept.
1, 1931.
46,000
Water
31/2 per cent, June 1, 1911-34 (serial) ..
271,000
Water
4 per cent, July
1, 1911-38 (serial ) .. 70,000
Bridge
per cent, Sept. 1, 1911-15 (serial) ..
35.000
Overdraft
per cent, June 1, 1911-17 (serial) ..
14,000
Refunding trust funds, 3 34
per cent, Sept. 1, 1911-18 (serial) ..
32,000
Schoolhouse 4 per cent, Nov. 1. 1911-25 (serial) ..
30,000
Total bonded debt
$867,500
TRUST FUND NOTES:
Simpson fund, 41/2 per cent, due on demand ..
$20,000.00
Todd fund, 4 per cent, due on demand. . 9,750.00
Moseley fund, 4 per cent, due on demand ... 10,000.00
$39,750
TEMPORARY LOANS in anticipation of taxes:
Note No. 9 discounted at 4 per cent, due April 2, 1911
$25,000.00
25,000
Gross debt of city, Dec. 17, 1910 $932,250
ASSETS
Taxes 1905 uncollected.
$ 2,145.92
Taxes 1906 uncollected .
2,176.66
Taxes 1907 uncollected .
2,698.94
Taxes 1908 uncollected
11,762.83
Taxes 1909 uncollected.
30,135.98
Taxes 1910 uncollected.
73,161.19
$122,081.52
Watering streets 1907 uncollected
$ 1.92
Watering streets 1908 uncollected
2.40
Watering streets 1909 uncollected
600.63
Watering streets 1910 uncollected
809.97
1,414.92
Pres. of trees 1908 uncollected .
$ 45.10
Pres. of trees 1909 uncollected
441.23
Pres. of trees 1910 uncollected .
576.26
1,062.59
Amounts carried forward .
$124,559.03
$932,250.00
3 1/2 1
S6
ANNUAL REPORTS
City Debt and Assets-continued ASSETS-continued
Amounts brought forward.
$124,559.03
$932,250.00
Betterments uncollected
1,424.37
Embezzlement account
2,260.72
Cash in First National bank, city .
$12,874.18
Cash in Old Colony Trust Co., Bos- ton
7,005.28
Cash in treasurer's office
253.24
20,132.70
State of Mass. state aid.
$10,278.00
State of Mass. military aid .
158.00
State of Mass. soldiers' burial .
518.00
10,954.00
Sinking funds
231,570.84
$390,901.66
Total net debt Dec. 17, 1910.
541,348.34
Total net debt Dec. 18, 1909
589,904.27
Reduction in debt.
$48,555.93
87
CITY AUDITOR
ANNUAL NET DEBT STATEMENT
The following table shows the net debt at the close of each fiscal year, beginning with the year 1899:
Years
Net Debt
Increase
1899.
$289,566.47
1900.
286,876.59
1901
317,272,13
$ 30,395.54
1902.
321,725.39
4,453.26
1903.
369,687.30
47,961.91
1904
646,819.16
277,131.86* 24,717.67
1906
630,305.15
41,231.68
1907.
596,120.73
34,184.42
1908.
586,259.64
9,861.09
1909
589,904.27
3,644.63
1910.
541,348.34
48,555.93
*Water plant acquired.
BORROWING CAPACITY
Dec. 17, 1910
Valuation 1908-1909-1910
Year
Total Val. Abatements
Net Val.
1908
$11,995,851.00 $281,475.00
$11,714,376.00
1909.
13,216,621.00 118,000.00 13,098,621.00
1910.
15,745,592.00 856,926.00
14,888,666.00
$39,701,663.00
Average net valuation for three years, $13,233,887.
Debt limit, 21/2 per cent. of $13,233,887, is.
$330,847.18
City debt, omitting tax loans. .
$907,250.00
Exempted debt to be deducted:
Sewers (Acts of 1900, Chap, 59) . $153,500.00
Water (Acts of 1894 and 1908) .. 341,000.00
Bridge (Acts of 1904, Chap. 359) 35,000.00
High school (Acts of 1902, Chap. 237) 70,000.00
599,500.00
Dept not exempted
$307,750.00
Total sinking funds. .
$231,570.84
Less for exempted loans. 109,247.62
Sinking fund for unexempted debt. 122,323.22
Net debt not exempted .
185,426.78
Borrowing capacity Dec. 17, 1910. .
Loans in anticipation of taxes 1910,.
$145,420.40 25,000.00
Decrease $88,720.01 2,689.88
1905.
671,536.83
88
ANNUAL REPORTS
SINKING FUNDS
In Hands of Sinking Fund Commissioners
Total amount of funds Dec. 18, 1909. Receipts During Year:
$236,060.01
City appropriation for 1910.
$12,000.00
Interest on investments
11,046.01
Premiums on investments
726.70
Total recepits 23,772.71
Payments:
Accrued interest on bonds purchased . $ 761.88
Paid into city treasury to retire schoolhouse loan 27,500.00
Total payments
28,261.88
Total amount of sinking funds Dec 17, 1910 $231,570.84 The above funds are apportioned to retire the city debt as follows:
SCHOOLHOUSE LOAN $27,500 due June 1, 1910
Total funds Dec. 18, 1909 $27,019.34
480.66
Cancelled by payment to city of Newburyport.
REFUNDING LOAN $90,000 due July 1, 1911
Total funds Dec. 18, 1909. $82,514.57
2,000.00
Income for 1910
3,765.43
$88,280.00
INVESTED
Newburyport 4 per cent. refunding bonds, due July 1, 1911
$86,000.00
Newburyport 31/2 per cent. bridge bonds.
1,000.00
Newburyport 31/2 per cent. water bonds.
1,000.00
Newburyport Five Cents Savings bank. .
280.00
$88,280.00
REFUNDING LOAN $25,000 due April 1, 1913
Total funds Dec. 18, 1909.
$19,352.29
City appropriation for 1910
1,400.00
Income for 1910
1,168.06
$21,920.35
INVESTED
Newburyport 4 per cent. refunding bonds, due April 1, 1913
$ 2,000.00
Newburyport 31/2 per cent. water bonds.
11,000.00
Newburyport 4 per cent. overdraft bonds.
8,000.00
Quincy 4 per cent. water bonds.
500.00
First National bank, city
420.35
$21,920.35
Income for 1910 .
$27,500.00 $27,500.00
City appropriation for 1910
$259,832.72
89
CITY AUDITOR
Sinking Funds-continued
SEWERAGE LOAN $107,500 due September 1, 1919
Total funds Dec. 18, 1909 $61,025.24
2,750.00
Income for 1910.
2,285.75
INVESTED
Newburyport 4 per cent. sewer bonds, due 1919.
$59,500.00
Newburyport 31/2 per cent. high school bonds ...
4,000.00
Boston & Maine railroad.
2,000.00
First National bank.
315.06
Five Cents Savings bank.
245.93
$66,060.99
HIGH SCHOOL LOAN $35,000 due July 1, 1922
Total funds Dec. 18, 1909
$14,583.73
Appropriation for 1910.
1,200.00
Income for 1910 ..
862.49
$16,646.22
INVESTED
Newburyport 31/2 per cent. high school bonds,
due July 1, 1922.
$16,000.00
Five Cents Savings bank.
646.22
$16,646.22
HIGH SCHOOL LOAN $50,000 due December 1, 1923
Total funds Dec. 18, 1909
$14,672.81
Appropriation for 1910.
1,600.00
Income for 1910
727.19
$17,000.00
INVESTED
Newburyport 31/2 per cent. high school bonds, due Dec. 1, 1923
$1,000.00
Newburyport 31/2 per cent. sewer bonds
5,000.00
Pittsfield 31/2 per cent bonds
4,000.00
Fitchburg railroad 3 1/2 per cent. bonds.
7,000.00
$17,000.00
REFUNDING BONDS $62,000 due November 1, 1924
Total funds Dec. 18, 1909
$3,626.38
Appropriation for 1910
2,000.00
Income for 1910
896.49
INVESTED
Boston & Maine railroad 4 per cent. bonds
$3,000.00
Fitchburg railroad 31/2 per cent. bonds.
3,000.00
Five Cents Savings bank
522.87
$6,522.87
$6,522.87
Appropriation for 1910.
$66 060.99
90
ANNUAL REPORTS Sinking Funds-continued SEWERAGE LOAN $46,000 due September 1, 1931
Total funds Dec. 18, 1909
$13,265.65 1,050.00
Appropriation for 1910
824.76
$15,140.41
INVESTED
Newburyport 31/2 per cent. sewer bonds, due
Sept. 1, 1931
$15,000.00
Five Cents Savings bank
140.41
$15,140.41
SUMMARY
City of Newburyport (refunding)
4 p. c. July 1, 1911 ...
$86,000.00
City of Newburyport ( bridge)
3 1/2
"
Sept. 1, 1911 ...
1,000.00
City of Quincy
4
May
, 1912 ..
500.00
City of Newburyport (water )
3 1/2 4
June 1, 1912 ..
11,000.00
City of Newburyport (refunding)
2,000.00
City of Newburyport (o'd'ft $2000) 4
S,000.00
City of Pittsfield (o'd'ft $1000)
3 1/2
66 Aug. 15, 1916-18
3,000.00
City of Pittsfield
1,000.00
City of Newburyport (sewer)
3 1/2 4
June 1, 1916 ... Sept. 1, 1919 ... 1, 1919 ...
17,000.00 7,500.00
City of Newburyport (sewer)
4
Oct.
Nov. 1, 1919 ... Oct. July 1, 1921 ... 1, 1922 ... 1, 1923 ...
20,000.00
City of Newburyport (high school) 31/2
1,000.00
Boston & Maine railroad
4
Sept.
1, 1926 ...
5,000.00
City of Newburyport (water )
3 1/2
66
June 1, 1928 ...
1,000.00
City of Newburyport (sewer)
3 1/2
Sept. 1, 1831 ...
20,000.00
Five Cents Savings bank (deposit)
1,835.43 735.41
First National bank (deposit)
$231.570.84
BONDS IN HANDS OF COMMISSIONERS
J. L. McLean, city marshal, $1000, in American Surety Co. of New York, ex- pires January 4, 1911.
H. W. Little, city clerk, $3000, in Massachusetts Bonding & Ins. Co., expires January 6, 1911.
H. F. Whiton, treasurer and collector, $30,000, in United States Fidelity & Guarantee Co., expires July 19, 1911.
4
Fitchburg railroad
31/2
10,000.00
City of Newburyport (high school) 3 1/2
66
Dec.
35,000.00
City of Newburyport (sewer)
Apr. 1, 1913 ... June 1, 1914-17
Income for 1910
,
91
CITY AUDITOR
TRUST FUNDS
In hands of Sinking Fund Commissioners and Special Trustees
THE LAW. Chapter 322.
An act to provide for the auditing of certain trust funds and accounts.
Be it enacted, etc., as follows:
Section 1. It shall be the duty of city and town auditors at least once every year, and so much oftener as they may deem it necessary, to audit the accounts of the trustees of any property, the principal or income of which, in whole or in part, was bequeathed or given in trust for the ben- efit of the city or town or any part thereof, or for the benefit of the inhabi- tants of the city or town or any part thereof, and to examnie and estimate the funds, securities and evidences of property held by such trustees. City and town auditors shall include in their annual reports a report of such auditing and investigation; and if they discover any fraud or irregularity they shall immediately report the same to the mayor and treasurer of the city or to the selectmen and treasurer of the town.
Section 2. It shall be the duty of the trustees designated in section one hereof to give city and town auditors free access to their accounts, funds, securities and evidences of property; and any such trustee who re- fuses to exhibit his trust accounts, funds, securities and evidences as afore- said shall be subject to a fine of not less than fifty nor more than two hun- dred dollars.
Section 3. This act shall be construed as applying only to property held in trust for public uses. (Approved May 9, 1904).
Trust funds in which the City of Newburyport and its inhabitants are interested may be divided into two classes, viz: funds bequeathed or given direct to the city, and funds given to special trustees, the income of which is used for the benefit of any of its inhabitants.
The first class is invested by the Sinking Fund Commissioners as trus- tees under ordinance, and the income turned over to the city. The city is responsible for such funds and they have always been verified and audited by the city auditor.
The second class is invested by special trustees appointed by the donor, and such boards fill their own vacancies. It would seem that the city had assumed no responsibility for such funds, and it may be a question if they come under the preceding law.
I would report, however, that all such trustees have been requested to allow examination of said funds and accounts, and in all cases have granted permission and assisted in many ways.
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