USA > Massachusetts > Middlesex County > Somerville > Report of the city of Somerville 1921 > Part 4
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1,112 01
Abatement of Smoke
400 75
Prevention of Fire
847 79
Soldiers' Exemption
379 07
Transportation Dorchester Dis- trict
420 82
-
199,731 16 .
County of Middlesex.
County Tax, 1921
$130,844 89
130,844 89
Cash Refunds.
Taxes
$394 64
Street Sprinkling Assessment
74 46
Water Rates
652 02
1,121 12
Tellers' Overs and Shorts.
Cash shortage
$42 58
42 58
PRIVATE TRUST.
Trust Fund Investment.
Caroline G. Baker fund .
$300 00
300 00
Redemption of Tax Titles.
Tax titles redeemed
$2,941 38
2,941 38
Totals
$5,461,640 79
$188,809 55
*Appropriation Refunds . .
3,456 77
Total Cash Payments
$5,465,097 56
$188,809 55 $5,653,907 11
* Expenditures as shown in all accounts are net.
1
·
CITY AUDITOR. 67
SCHEDULE OF PUBLIC PROPERTY.
School Building's
Buildings
Personal
Totals
Prescott
$72,200 00
$3,000 00
$75,200 00
East Somerville Junior High
62,000 00
2,000 00
64,000 00
Hanscom
66,500 00
4,000 00
70,500 00
Davis
53,500 00
17,500 00
71,000 00
Clark Bennett
54,500 00
3,500 00
58,000 00
Knapp
53,000 00
5,500 00
58,500 00
Baxter
39,200 00
1,500 00
40,700 00
Perry
52,000 00
1,500 00
53,500 00
Bell and Southern Junior High
137,000 00
10.000 00
147,000 00
Prospect Hill
18,000 00
2,000 00
20,000 00
Pope
83,600 00
5,000 00
88,600 00
Cummings
15,400 00
1,500 00
16,900 00
Edgerly
43,000 00
5,000 00
48,000 00
* High
396,000 00
30,000 00
426,000 00
Glines
96,400 00
5,000 00
101,400 00
Forster
64,000 00
8,000 00
112,000 00
Forster (Annex)
40,000 00
¡ Proctor
44,000 00
44,000 00
Bingham
77,000 00
5,000 00
82,000 00
Morse
54,000 00
5,000 00
59,000 00
Carr
58,600 00
4,500 00
68,100 00
Girls' Industrial School .
4,000 00
1,000 00
Durell
21,400 00
1,500 00
22,900 00
Burns
44,000 00
3,000 00
47,000 00
Brown
78,000 00
2,600 00
80,600 00
Highland
66,600 00
5,000 00
71,600 00
Lowe
51,000 00
2,000 00
53,000 00
Hodgkins
98,700 00
5,000 00
103,700 00
x West Somerville Junior High
80,000 00
4,000 00
84,000 00
Lincoln .
19,800 00
1,000 00
20,800 00
Cutler
98,700 00
10,000 00
108,700 00
Total
. $2,142,100 00
$154,600 00 $2,296,700 00
* Land included in Central Hill Park.
¿ Building and fixtures. Land owned by State.
x Land included in Holland Street Ledge.
..
.
Land and
68
ANNUAL REPORTS.
School Buildings
Fire Buildings.
New fire alarm building
$27,500 00
*$40,000 00
$115,200 00
Central
47,700 00
Engine Two
37,000 00
21,000 00
58,000 00
Engine Six
29,000 00
20,000 00
49,000 00
Hose Five
23,500 00
8,000 00
31,500 00
Ladder One
60,000 00
21,000 00
81,000 00
Hose Eight
11,200 00
10,000 00
21,200 00
Ladder Two
19,700 00
15,000 00
34,700 00
Engine Four
19,500 00
7,000 00
26,500 00
Total
.
$275,100 00
$142,000 00
$417,100 00
* Includes Electrical Department equipment.
Libraries.
+Central
$137,500 00
$100,000 00
$237,500 00
East Somerville Branch
24,400 00
. 24,400 00
West Somerville Branch
30,000 00
6,000 00
36,000 00
Total
$191,900 00
$106,000 00
$297,900 00
Miscellaneous Buildings.
Highway (stables, etc.)
$55,000 00
$30,000 00
$85,000 00
Sewer
6,700 00
500 00
7,200 00
Contagious and Tuberculosis Hospital
47,900 00
9,000 00
56,900 00
City Home
94,600 00
17,000 00
111,600 00
Police
69,500 00
8,000 00
77,500 00
¡City Hall
57,200 00
149,000 00
206,200 00
tCity Hall Annex
68,200 00
12,500 00
80,700 00
Parks:
Broadway
3,100 00
3,100 00
Lincoln
3,000 00
3,000 00
Bathhouse
5,000 00
5,000 00
Polling Booths
1,800 00
1,800 00
Sanitary
21,000 00
19,200 00
40,200 00
Water
49,000 00
6,500 00
55,500 00
Total
$482,000 00
$251,700 00
$733,700 00
¡ Land included in Central Hill Park.
Parks and Playgrounds.
Land and Buildings
Personal
Totals
Saxton C. Foss Park
$421,200 00
............
$421,200 00
Central Hill
472,000 00
472,000 00
Lincoln
84,500 00
$3,500 00
88,000 00
Prospect Hill
.
69,800 00
1,500 00
71,300 00
Tufts
109,000 00
109,000 00
Paul Revere
1,000 00
1,000 00
Belmont Street
5,100 00
5,100 00
Trum Playground
70,900 00*
70,900 00
Carried forward
. $1,233,500 00
$5,000 00 $1,238,500 00
.
.
.
.
.
.
.
Land and Buildings
Personal
Totals
.
.
.
.
69
CITY AUDITOR.
Brought forward
. $1,233,500 00
$5,000 00 $1,238,500 00
Glen Street
17,300 00
17,300 00
Kent Street
12,000 00
12,000 00
Poplar Street
5,800 00
5,800 00
Beacon Street
3,000 00
3,000 00
Mason Street
4,200 00
4,200 00
Dilboy Field .
40,000 00
20,000 00
60,000 00
Total
. $1,315,800 00
$25,000 00 $1,340,800 00
Miscellaneous Land.
Ledge, Holland Street
.
$54,500 00
$54,500 00
Somerville Avenue
300 00
300 00
Putnam
400 00
400 00
Murdock Street
600 00
600 00
Lowell Street
100 00
100 00
Spencer Avenue
100 00
100 00
Weston Avenue
2,100 00
2,100 00
Endicott Avenue
600 00
600 00
Powder House Boulevard
400 00
400 00
Waltham Gravel Land .
10,000 00
10,000 00
Total
$69,100 00
$69,100 00
SUMMARY.
Land and Building's
Personal
Totals
School buildings
. $2,142,100 00
$154,600 00 $2,296,700 00
Fire Buildings
275,100 00
142,000 00
417,100 00
Libraries
191,900 00
106,000 00
297,900 00
Miscellaneous Buildings
482,000 00
251,700 00
733,700 00
Parks and Playgrounds .
1,315,800 00
25,000 00
1,340,800 00
Miscellaneous Land
69,100 00
..... ....
69,100 00
Total
$4,476,000 00
$679,300 00 $5,155,300 00
Sewers (cost)
1,362,272 00
Water Works (cost)
1,095,206 73
Total value public property
$7,612,778 73
70
ANNUAL REPORTS.
REPORT OF THE TREASURER AND COLLECTOR OF TAXES
Somerville, Mass., January 17, 1922.
To the Honorable, the Mayor and the Board of Aldermen of the City of Somerville :
Gentlemen :-
I herewith present the annual report of the City Treasurer and Collector of Taxes for the year 1921.
Respectfully submitted,
JOSEPH S. PIKE,
City Treasurer and Collector of Taxes.
71
TREASURER AND COLLECTOR OF TAXES.
CONDENSED CASH STATEMENT.
Receipts
Payments
Revenue
. $5,467,283 50 52,941 38
$5,467,102 43 186,804 68
$5,520,224 88
$5,653,907 11
Cash Balance Janu-
ary 1, 1921 294,916 43
Cash balance Decem- ber 31, 1921 161,234 20
$5,815,141 31
5,815,141 31
DETAILED CASH STATEMENT. Receipts.
Balance from 1920 Revenue
$294,916 43
Taxes, 1917
$4 40
1918
105 52
1919
164 84
1920
391,939 85
1921
2,354,775 34
$2,746,989 95
Excise Taxes, 1920
313 42
Excise Taxes, 1921
33 82
Street Sprinkling, 1920 .
7,490 70
1921
36,723 95
Highway Assessments, 1919 . 1,330 60
1920
2,927 78
1921
2,089 65
6,348 03
Sidewalk Assessments, 1919 .
1,074 85
1920 .
2,925 68
1921 .
913 65
4,914 18
Sewer Assessments, 1921
194 28
Metered Water Charges, 1920
26,908 99
Water: Sales, 1921
228,095 14
Maintenance
6,375 07
Service Assessments
5,408 19
Tax Titles
Revenue Loans (Temporary)
1,927,000 00
Departmental Deposits
16,899 29
Departmental Accounts
70,717 07
Commonwealth of Massachu- setts : -
Corporation Taxes:
Business
37,754 76
Public Service, etc.
14,191 54
Bank
.
9,567 23
Street Railway
11,527 73
73,041 26
Carried forward
$5,164,123 59
$294,916 43
.
.
239,878 40 6,670 25
87,616 36
Non-Revenue
347 24
44,214 65
72
ANNUAL REPORTS.
Brought forward .
$5,164,123 59 $294,916 43
Foreign Corporation, 1920 13,016 70
1921 37,110 89
50,127 59
Income Tax, 1918
1,596 00
1919
5,259 00
1920
26,295 00
1921
129,504 40
162,654 40
For Schools:
Vocational Schools
12,869 91
Continuation Schools
262 50
Americanization Work
3,115 26
16,247 67
Soldiers' Benefits
11,426 75
In lieu of taxes
94 26
Poll taxes, 1920
1,098 00
County of Middlesex:
Dog licenses
1,939 18
Courts: Police
4,014 17
Probation Officer . 25 50
4,039 67
Departmental Penalties:
Callmen, Fire Dept.
17 00
School Dept.
168, 00
Licenses and Permits .
12,063 52
Interest: On taxes
14,584 59
Assessments
236 31
Tax Titles
739 01
Departmental counts
Ac-
18 32
Bank Accounts:
Treasurer
8,540 67
Treasury Department:
Costs: Taxes
5,153 03
Assessments
17 70
Tax Titles
38 45
Miscellaneous
16 65
Tax lien certificates
542 00
Redemption tax liens
21 00
Collecting Bank tax
41 63
Edison Electric Illuminating
Co., electrolysis
500 00
Miscellaneous
45 82
Sale of land, Webster Ave.
5,027 43
General Expenses, refunds
3,117 44
Trust Funds, Principal:
School, Baker Fund .
300 00
Trust Funds, Income:
School, Cutler Fund
214 50
Baker Fund
12 38
Smith-Hughes Fund
2,845 75
3,072 63
Carried forward
$5,466,012 31
$294,916 43
·
185 00
24,118 90
5,830 46
·
.
545 82
73
TREASURER AND COLLECTOR OF TAXES.
Brought forward .
$5,466,012 31
$294,916 43
Library, Cutler Fund 42 88
Hunt, Art Fund
100 00
Hunt, Book Fund
495 29
Pitman, Art Fund
171 32
Pitman Poetry F'nd
42 82
Wilder, Child's F'nd 4 50
856 81
Poor, Olive C. Cummings Accrued Interest .
75 05
333 33
Excess and Deficiency .
6 00
$5,467,283 50
$294,916 43
'Non-Revenue
Funded Debt, Highway Loan bonds
50,000 00
Redemption of Tax Liens
2,941 38
52,941 38
5,520,224 88
$5,815,141 31
PAYMENTS.
Revenue
Advances, (Soldiers' Benefits) .
$100 00
Taxes, 1919, refunds
$6 00
1920, refunds
.
109 07
1921, refunds
.
279 57
394 64
Street Sprinkling,1921 (refunds) Water Charges:
74 46
Current year, (refunds)
652 02
Real Estate Liens
12 36
Tax Titles
3,232 28
Revenue Loans, (temporary)
1,967,000 00
Commonwealth of Massachu- setts:
State Tax
245,420 00
Special State Tax
11,569 80
Assessments
199,352 09
Metropolitan Water assess- ments
133,989 84
War Poll Taxes, 1920
18 00
1921
73,641 00
Soldiers' Exemption .
379 07
Bank Tax, non-resident
4,164 61
668,534 41
County of Middlesex, county tax
130,844 89
General Expenses
2,389,011 94
Interest: Revenue Loans
63,792 63
Funded Debt . .
45,056 25
108,848 88
Carried forward . 1
$5,268,705 88
·
74
ANNUAL REPORTS.
Brought forward . .
$5,268,705 88
Reduction of Funded Debt
194,500 00
Trust Funds, Investment: School, Baker Fund .
300 00
Trust Funds :
School, Cutler Fund .
91 20
Smith-Hughes Fund
2,583 10
Baker Fund
9 00
2,683 30
Library, Cutler Fund
30 07
Hunt Art Fund
187 35
Hunt Book Fund
445 24
Pitman Art Fund
161 55
Pitman Poetry Fund
46 46
Teller's Shorts and Overs
870 67 42 58
$5,467,102 43
Non-Revenue
Outlay Appropriations .
183,863 30
Redemption Tax Titles
2,941 38
186,804 68
$5,653,907 11
Cash in office
1,509 39
Deposits in banks
159,724 81
161,234 20
$5,815,141 31
Revenue
General Expenses and Rev-
enue Loans
135,811 69
Trust Funds, (Public) .
3,141 71
Sundry Persons
291 65
139,245 05
Non-Revenue
Outlay Appropriations
21,989 15
$161,234 20
BALANCES, DECEMBER 31, 1921.
Cash
Cash Advances
$161,234 20 200 00
Taxes, 1917
$772 20
1918
143 52
1919
572 17
1920
2,917 34
1921
449,077 38
1921 Excise
21 66
Street Sprinkling, 1921
453,504 27 7,986 55
Carried forward .
$622,925 02
75
TREASURER AND COLLECTOR OF TAXES.
Brought forward . .
$622,925 02
Overlay and Abatement, 1917
$772 20
1918
143 52:
1919
326 29
1920
1,988 16
1921
6,310 83
Supplementary Assessments .
823 65.
Highway Assessments, 1920
219 22
1921
4,419 30
4,638 52
Sidewalk Assessments, 1920
1,143 67
1921
6,069 39
Sewer Assessments, 1921
1,581 07
Metered Water Charges, 1921
26,283 99
Commonwealth of Massachu- setts :
Soldiers' Benefits
11,823 50
Income Tax
9,162 38
Poll Taxes
2,871 00
Grade Crossings
427 30
Real Estate Liens
193 88
Tax Titles
2,478 51
Temporary Loans
Funded Debt
Net Funded Debt
1,003,500 00
Interest
5,181 25
Trust Funds, Income:
Poor, Cummings Fund
282 12
School, Cutler Fund .
644 73
Smith-Hughes Fund
1,685 74
Baker Fund
3 38
Library, Cutler Fund
27 43
Hunt Art Fund
89 24
Hunt Book Fund
79 64
Pitman, Art Fund
63 30
Pitman, Poetry Fund
51 88
Wilder Fund
11 48
Hunt, Art F'nd, prin- cipal
202 77
3,141 71
Reserve Fund, Surplus from Overlay
3,356 45.
Trust Funds, School
$5,300 00
Library
20,414 58
Poor
1,681 66
27,396 24
Trust Funds, Investment:
School
5,300 00
Library .
20,414 58
Poor
1,681 66
27,396 24
Sundry Persons
291 65
Excess and Deficiency
60,273 37
Outlay Appropriations
21,989 15
·
7,213 06
585,000 00 1,003,500 00
$1,720,494 47 $1,720,494 47
76
ANNUAL REPORTS.
The assessor's warrant for the tax levy, assessed upon polls and property April 1, 1921, including non-resident bank shares, amounted to $2,868,668.50, and the tax rate established was $31.10 on each $1,000 of valuation, as follows :
Real Estate
$78,386,700 00
Personal Estate
Resident bank shares
8,256,700 00 74,889 60
Total valuation
$86,718,289 60
At rate of $31.10
Polls, 24,547 at $5.00
Non-resident bank shares to be paid to the state (valuation $133,910.30) Street Sprinkling
4,164 61 44,830 08
$2,868,668 50
Additional Assessments:
Personal estate, valuation
$73,008 00
at $31.10
Real Estate
.
2,250 00
$75,258 00
2,340 53
235 polls at $5.00
1,175 00
Excise Taxes
55 48
3,571 01
Total commitments by assessors
$2,872,239 51
.
.
·
.
$2,696,938 81 122,735 00
TAXES.
Balance Dec 31, 1920
1917 $818 20
1918 $353 20
1919 $1,309 09
1920 $399,641 97
1921
Excise 1920 $313 42
Excise 1921
Committed, 1921
........
.......
$2,823,838 42 3,515 53
$55 48
Refunds
6 00
109 07
279 57
394 64
Recharged
10 32
Total charges
$818 20
$353 20
$1,325 41
$399,751 04
$2,827,633 52
$313 42
$55 48
3,230,250 27
Collected
4 40
105 52
164 84
391,939 85
2,354,775 34
313 42
33 82
2,747,337 19
Abated
41 60
104 16
588 40
4,893 85
23,780 80
29,408 81
Total credits Balance Dec. 31, 1921
$46 00
$209 68
$753 24
$396,833 70
$2,378,556 14
$313 42
$33 82
$2,776,746 00 453,504 27
772 20
143 52
572 17
2,917 34
449,077 38
21 66
Total $402,435 88 2,823,838 42 3,571 01
Supplementary, 1921
...
..
......
..
·
.
..
..
.
..
..
..
10 32
..
.
.
.
..
22
TREASURER AND COLLECTOR OF TAXES.
........
78
ANNUAL REPORTS.
STREET SPRINKLING AND MOTH ASSESSMENTS.
Balance Dec. 31, 1920
$7,500 66
Committed, 1921
...........
44,830 08 74 46
$7,500 66 44,830 08 74 46
Total charges
$7,500 66
$44,904 54
$52,405 20
Collected
7,490 70
36,723 95
44,214 65
Abated
.
00
96
194 04
204 00
Total credits
$7,500 66
$36,917 99
$44,418 65
Balance Dec. 31, 1921
............
7,986 55
7,986 55
·
Refunds
... ........
OVERLAY AND ABATEMENT.
1917 $818 20
1918 $353 20
1919
1920 $1,351 31
1921
Total $2,522 71
$95 63
95 63
Assessed in taxes
$24,479 74
24,479 74
Taxes recharged
10 32
10 32
Credited by Commonwealth Transfers .
1,000 00
4,000 00
5,000 00
Total credits
$818 20
$353 20
$914 69
$6,746 31
$28,055 74
$36,888 14
Abatements
41 60
104 16
4,758 15
21,744 91
27,237 22
Transferred to Reserve Fund
4 40
105 52
109 92
Total charges
$46 00
$209 68
$588 40
$4,758 15
$21,744 91
$27,347 14
Credit Balance, Dec. 31, 1921 :
·
·
.
.
$772 20
$143 52
$356 29
$1,988 16
$6,310 83
$9,541 00
RESERVE SUPPLEMENTARY ASSESSMENTS.
Balance to credit Dec. 31, 1920
$986 25
Supplementary Assessments, 1921
.
.
3,515 53
Credited by Commonwealth
60 00
Total credits
·
·
·
$4,561 78
Abatements ·
2,171 59
Transferred to Revenue
861 54
Credited to Commonwealth
705 00
Total charges
$3,738 13
Balance Dec. 31, 1921
.
$823 65
..
..
.
..
..
.......
1,395 00
3,576 00
4,971 00
.
..
..
.......
..
·
.
.
.
.
·
.
.
·
·
.
.
TREASURER AND COLLECTOR OF TAXES.
79
Credit Balance Dec. 31, 1920 Debit Balance Dec. 31, 1920
..
588 40
BETTERMENT ASSESSMENTS.
1919 Highway $1,632 93
1920 Highway $5,722 00
1921 Highway
1919 Sidewalk $1,074 85
1920 Sidewalk $4,069 35
1921 Sidewalk $6,983 04
1921 Sewer
Balance Dec. 31, 1921
.
Committed
.
WATER DEPARTMENT ACCOUNTS.
Metered 1920
Metered 1921
Annual
Additional
Maintenance
Service Assessments
Balance Dec. 31, 1920
$26,919 79
$218,857 65
$38,716 75 650 02
$1,147 10
$6,838 40 2 00
$5,408 19
Total $26,919 79 270,968 09 652 02
$26,919 79
$218,857 65
$39,366 77
$1,147 10
$6,840 40
$5,408 19
$298,539 90
Collected
26,908 99
192,424 99
34,875 94
794 21
6,375 07
5,408 19
266,787 39
Abated
10 80
148 67
4,490 83
352 89
465 33
5,468 52
Total credits
·
.
$26,919 79
$192,573 66
$39,366 77
$1,147 10
$6,840 40
$5,408 19
$272,255 91 $26,283 99
·
$1,632 93
$5,502 78
$2,089,65
$1,074 85
$2,925 68
$913 65
$194 28
Balance Dec. 31, 1921 .
$219 22
$4,419 30
$1,143 67
$6,069 39
$1,581 07
$1,632 93
$5,722 00
$6,508 95
$1,074 85
$4,069 35
$6,983 04
$1,775 35
Collected
1,330 60
2,927 78
2,089 65
1,074 85
2,925 68
913 65
194 28
Abated
302 33
2,575 00
Total credits
·
Committed
.
Refunds .
.
.
.
Balance to 1922
$26,283 99
6,508 95
$1,775 35
ANNUAL REPORTS.
80
DEPARTMENTAL ACCOUNTS FOR COLLECTION AND DEPOSITS.
Balance Jan. 1, 1921
Committed
Abated
Collected
Balance Dec. 31, 1921
Deposits $2 00
City Clerk
City Engineer
$51 00
$51 00
3 71
Police Department
$118
31
94 23
$212 54
10 40
Police Buildings
1,000 00
1,000 00
Fire Department
86 05
56 05
30 00
113 80
Weights and Measures
559 60
603 64
796 10
367 14
Contagious Hospital
3,368 36
8,221 96
646 02
8,086 96
2,857 34
Inspection of Milk and Vinegar Sanitary Department
23 00
646 00
638 00
31 00
20 00
Highway Maintenance
351 77
5,524 93
150 07
5,608 29
118 34
Highway Buildings
260 00
260 00
New Sidewalks
129 53
129 53
Sidewalks Maintenance
.
11,233 14
26,430 17
12 00
27,783 12
9,868 19
Poor, Miscellaneous
1,744 13
8,214 71
76 46
5,634 09
4,248 29
12 00
Poor, City Home
3,815 14
3,963 99
3,050 71
3,730 38
998 04
3,727 39
School Department
3,049 07
15,355 75
3,128 64
13,097 23
2,178 95
21 11
School Buildings
50 15
1,646 63
166 15
1,386 63
144 00
7 05
Libraries
1,871 11
Bathhouse
654 85
Shower Baths
,
$24,819 40
$74,067 06
$7,337 10
$70,717 07
$20,832 29
$16,899 29
.
-
TREASURER AND COLLECTOR OF TAXES.
Assessors
.
.
10 00
10 00
Poor, Misc. (Commonwealth)
377 20
1,958 00
2,314 20
21 00
7,666 30
.
.
·
497 10
501 42
Health Department
1,791 05
81
82
ANNUAL REPORTS.
REVENUE LOANS. (Temporary.)
In Anticipation of Revenue.
Balance from 1920
$625,000 00
Borrowed by authority of the Board of Aldermen on city notes as follows:
Nos. 847
289 days - 5.60%
$12,000 00
848-852 276
- 5.55
75,000 00
853-861 270
- 5.49
100,000 00
862 223
~5.55
25,000 00
863-867 245 - 5.50
50,000 00
868-872 241
-5.50
50,000 00
873 112 -5.60
50,000 00
874-878 239
- 5.85
50,000 00
879-884 231
- 51/2
50,000 00
885-888 213
5.92
50,000 00
889-897 227
- 5.92
100,000 00
898-900 224
- 5.80
25,000 00
901-909 220
- 5.90
100,000 00
910-911 220 66 - 5.80
25,000 00
912-920 196
- 5.88
100,000 00
921-929 203
- 5.84
100,000 00
930-938 206 66 - 5.68
100,000 00
939-940 154
5.90
100,000 00
941-953 148
- 6.04
150,000 00
954 108
- 5.60
30,000 00
955-963 146
5
100,000 00
964-972 174
5
100,000 00
973-978 169 66
5
100,000 00
979-983 161
- 43-8
50,000 00
984-990 189
- 43-8
100,000 00
On coupon notes, interest to follow:
Nos. 98-102-1 yr .- 5.75%
25,000 00
103-104-1 yr. - 5.75%
50,000 00
105 -11 mos. - 51/2%
10,000 00
106-110 - 9 mos. - 514%
50,000 00
1,927,000 00
$2,552,000 00
Paid notes maturing 1921
$1,967,000 00
Maturing in 1922 .
$585,000 00
Discount paid was
$54,438 46
3 mos. int. on coupon notes 106-110 at 514 %
$656 25
6 mos. int. on coupon notes 98-102 at 534 % 718 75
5 mos. int. on coupon note note 105 at 51/2 %
229 17
1,604 17
Carried forward
$56.042 63
-
83
TREASURER AND COLLECTOR OF TAXES.
Brought forward .
$56,042 63 .
Interest due in 1921 on coupon notes of 1920 -78-82-83-87-88-97 .
7,750 00
Total paid in 1921 .
$63,792 63
Int. due in 1922 on coupon
notes 98-102
$718 75
103-104 2,875 00 105 275 00
106-110 . 1,312 50 5,181 25
This amount has been reserved and carried forward to credit of interest account of 1922 .
Discount and interest paid in 1921 on account of 1921 revenue loans 56,042 63
Cost of interest on account of 1921 rev- enue loans ·
$61,223 88
Discount notes of $1,792,000.00 average 197.42 days, average rate 5,539 Int. to follow notes, $135,000.00 average 324 days, average rate 5.5867
Average rate of total 5.545
The funded debt December 31, 1921, was $1,003,500.00, classified as follows :
City Loan Bonds at 312 per cent $22,000 00
City Loan Bonds at 4 per cent 207,500 00
City Loan Bonds at 41/4 per cent
20,000 00
Sewer Loan Bonds at 31/2 per cent 56,000 00
Sewer Loan Bonds at 4 per cent . ·133,000 00
Sewer Loan Bonds at 41/4 per cent .
22,000 00
Met. Park Asst. Loan Bonds at 31/2 per cent
8,000 00
Lowell St. Bridge Loan Bonds at 31/2 per cent
28,000 00
Municipal Loan Bonds at 41/2 per cent ·
15,000 00
Highway Loan Bonds at 31/2 per cent 38,000 00
Highway Loan Bonds at 4 per cent
90,000 00
Highway Loan Bonds at 41/2 per cent
34,000 00
Highway Loan Bonds at 5 per cent Public Bldg. Loan Bonds at 4 per cent 160,000 00 Public Bldg. Loan Bonds at 41/2 per cent 70,000 00
Emergency Loan Bonds at 41/4 per cent 5,000 00
$1,003,500 00
Funded debt within the limit fixed by law :
City Loan
$249,500 00
Municipal Loan
15,000 00
Highway Loan
257,000 00
Public Bldg. Loan
230,000 00
Sewer Loan
199,000 00
Lowell St. Bridge Loan
28,000 00
Emergency Loan
5,000 00
·
.
$983,500 00
Carried forward
$983,500 00
1
·
95,000 00
84
ANNUAL REPORTS.
Brought forward
$983,500 00
Funded debt beyond the limit fixed by law :
Sewer Loan (Chap. 357, Acts 1895) . 12,000 00
Met. Park Asst. Loan (Chap. 325, Acts of 1902)
8,000 00
20,000 00
$1,003,500 00
BONDS DUE IN 1922.
January
April
July $5,000
October
Total
Emergency
Park
$1,000
..
1,000
Sewer
$3,000
10,000
10,000
23,000
City
9,000
24,000
17,500
$2,000
52,500
Municipal
8,000
8,000
Highway
8,000
48,000
4,000
60,000
Building
6,000
5,000
8,000
19,000
$26,000
$88,000
$53,500
$2,000
$169,500
BOND INTEREST DUE IN 1922.
January
April
July $106 25 140 00
October
Total
Emergency
$106 25
Park
140 00
280 00
Bridge
$490 00
$472 50
2 50
Sewer
1,240 00
2,867 50
1,185 00
2,671 25
7,963 75
City
2,505 00
2,455 00
2,325 00
1,972 50
9,257 50
Municipal
337 50
337 50
675 00
Highway
910 00
4,695 00
770 00'
3,675 00
10,050 00
Building
3,515 00
1,260 00
3,395 00
1,160 00
9,330 00
$8,753 75 $11,767 50
$8,258 75
$9,951 25 $38,731 25
BONDS OUTSTANDING JANUARY 1, 1922, WITH INTEREST TO MATURITY.
Emergency Loan Bonds
Bonds $5,000 00
Interest $212 50
Metropolitan Park Loan Bonds
8,000 00
1,260 00
Bridge Loan Bonds
28,000 00
13,720 00
Sewer Loan Bonds
211,000 00
56,485 00.
City Loan Bonds
249,500 00
41,340 00
Municipal Loan Bonds
15,000 00
990 00
Highway Loan Bonds
257,000 00
38,300 00
Pub. Bldg. Loan Bonds
230,000 00
66,565 00
$1,003,500 00
$218,872 50
..
$5,000
1,000
1,000
Bridge
$212 50
...
OUTSTANDING BONDS, DECEMBER 31, 1921.
City
Sewer
Sewer Outside
Park
Bridge Municipal Highway
Pub. Bldgs. Emergency Total Due
1922
$52,500
$20,000
$3,000
$1,000
$,1000
$8,000
$60,000
$19,000
$5,000
$169,500
1923
41,500
18,000
3,000
1,00(
1,000
7,000
41,000
18,000
130,500
1924
25,500
17,000
3,000
1,000
1,000
41,000
18,000
106,500
1925
23,000
17,000
3,000
1,000
1,000
30,000
18,000
93,000
1926
19,000
15,000
1,000
1,000
25,000
18,00(
79,000
1927
19,000
14,000
1,000
1,000
17,000
17,000
69,000
1928
17,000
12,000
1,000
1,000
14,000
16,000
61,000
1929
16,000
11,000
1,000
1,000
14,000
16,000
59,000
1930
15,000
10,000
1,000
10,000
16,000
52,000
1931
12,000
10,000
1,000
5,000
15,000
43,000
1932
9,000
8,000
1,000
15,000
33,000
1933
8,000
1,000
14,000
23,000
1934
8,000
1,000
14,000
23,000
1935
7,000
1,000
8,000
16,000
1936
6,000
1,000
4,000
11,000
1937
6,000
1,000
4,000
11,000
1938
4,000
1,000
1939
3,000
1,000
4,000
1940
2,000
1,000
3,000
1941
1,000
1,000
2,000
1942
1,000
1,000
2,000
1943
1,000
1,000
2,000
1944
..
1,000
1,000
1945
1,000
1,000
1946
1,000
1,000
1947
1,000
1,000
1948
1,000
1,000
1949
..
..
..
..
..
...
$249,500
$199,000
$12,000
$8,000
$28,000
$15,000
$257,000
$230,000
$5,000
$1,003,500
.
..
85
TREASURER AND COLLECTOR OF TAXES.
.
..
..
1,000
1,000
..
5,000
. .
·
S6
ANNUAL REPORTS.
Yearly Bond Maturities with interest.
Date Due
Principal
Interest
Total
1922
$169,500 00
$38,731 25
$208,231 25
1923
130,500 00
32,346 25
162,846 25
1924
106,500 00
27,231 25
133,731 25
1925
93,000 00
23,143 75
116,143 75
1926
79,000 00
19,578 75
98,578 75
1927
69,000 00
16,441 25
85,441 25
1928
61,000 00
13,688 75
74,688 75
1929
59,000 00
11,156 25
70,156 25
1930
52,000 00
8,791 25
60,791 25
1931
43,000 00
6,813 75
49,813 75
1932
33,000 00
5,246 25
38,246 25
1933
23,000 00
3,978 75
26,978 75
1934
23,000 00
3,051 25
26.051 25
1935
16,000 00
2,223 75
18,223 75
1936
11,000 00
1,673 75
12,673 75
1937
11,000 00
1,221 25
12,221 25
1938
5,000 00
808 75
5,808 75
1939
4,000 00
636 25
4,636 25
1940
3,000 00
501 25
3,501 25
1941
2,000 00
403 75
2,403 75
1942
2,000 00
326 25
2,326 25
1943
2,000 00
248 75
2,248 75
1944
1,000 00
192 50
1,192 50
1945
1,000 00
157 50
1,157 50
1946
1,000 00
122 50
1,122 50
1947
1,000 00
87 50
1,087 50
1948
1,000 00
52 50
1,052 50
1949
1,000 00
17 50
1,017 50
$1,003,500 00
$218,872 50
$1,222,372 50
BORROWING CAPACITY, DECEMBER 31, 1921.
Valuation, 1919
Supplementary
. $87,353,424 00 39,300 00
$87,392,724 00
Valuation, 1920
83,910,855 60
Supplementary
17,700 00
83,928,555 60
Valuation, 1921
86,718,289 60
Supplementary
75,258 00
86,793,547 60
Total
$258,114,827 20
Abatements, 1919
349,375 00
1920
476,450 00
1921
541,408 00
1,367,233 00
Carried forward
$256,747,594 20
1
TREASURER AND COLLECTOR OF TAXES.
87
Brought forward .
$256,747,594 20
Average three years, one-third
21/2 per cent
$85,582,531 40 2,139,563 28.5
Funded Debt December 31, 1921 Outside limit fixed by law
$1,003,500 00 ·
Sewer loan, 1895, Chap. 357 $12,000 00
Met. Park Loan, Chap. 325, 1902 8,000, 00
20,000 00
983,500 00
Borrowing capacity December 31, 1921
$1,156,063 28
Maturities :
January 1, 1922
26,000 00
April 1, 1922
88,000 00
July 1, 1922
$53,500 00
Less outside limit .
4,000 00
49,500 00
October 1, 1922
2,000 00
165,500 00
Maturities within the limit, 1922
165,500 00
Maturities outside the limit, 1922
4,000 00
$169,500 00
MEMORANDUM OF PAYMENTS ON ACCOUNT OF DEBT, 1921.
Bonds, General City Debt
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