USA > Massachusetts > Middlesex County > Lincoln > Town Report on Lincoln 1963-1965 > Part 38
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51
40
VOTED: That the Selectmen be, and hereby are, auth- orized and empowered in the name and on behalf of the Town to ac- quire in fee, by eminent domain, or by purchase, from the Lincolns- field Realty Trust, for conservation purposes, a certain parcel of land in Lincoln lying northeasterly of the Concord Turnpike and southwesterly of North Great Road and adjoining land of the Town, containing approximately 45 acres, as shown on plan entitled "Pro- posed Recreation and Conservation Area in Lincoln, Mass. ", dated June 2, 1965, Cleverdon, Varney & Pike, Civil Engineers, to be recorded with the Middlesex South District Registry of Deeds and for said purposes to expend from monies in the Conservation Fund established pursuant to the vote of the Town under Article 13 of the 1961 Annual Town Meeting the sum of $24, 500. 00; and that the Se- lectmen be and hereby are authorized to make application to the U. S. Housing and Home Finance Agency, under Title VII of the Housing Act of 1961, for a grant to acquire open space land, and to execute such other documents as may be necessary to obtain such a grant.
Article 11. To determine whether the Town will vote to acquire for conservation and recreational purposes by eminent do- main, purchase, or in any other way, from Sandy Pond Trust, a certain parcel of land on the northeast side of the Concord Turn- pike, containing 16 acres, more or less, and for such purposes to expend a sum of money from the Conservation Fund established pursuant to the vote of the Town under Article 13 of the 1961 Annual Town Meeting.
VOTED:
To pass over the article.
Article 12. To determine whether the Town will vote to transfer the balance of $3, 975.50 in the Weston Road account, vo- ted under Article 16, at the Annual Town Meeting, held on March 16, 1964, to an account for repairs to Tower Road, or take any oth- er action relative thereto.
VOTED: That the balance of #3, 975.50 in the Weston Road account, voted under Article 16 of the Annual Town Meeting, held on March 16, 1964, be transferred to an account for repairs to Tower Road.
Article 13.
To determine whether the Town will author- ize the Selectmen to accept $115, 000 from the Trustee under the
41
Will of John H. Pierce, as modified by court decrees relating there- to, and to give a release, on behalf of the Town, to said Trustee of all claims arising under said Will, said sum to be used by the Se- lectmen as provided in said Will as modified, or take any other ac- tion relative thereto.
VOTED: That the Town authorize the Selectmen to ac- cept $115, 000 from the Trustee under the Will of John H. Pierce, as modified by court decrees relating thereto, and to give a release, on behalf of the Town, to said Trustee of all claims arising under said Will, said sum to be used by the Selectmen as provided in said Will as modified.
Article 14. To determine whether the Town will vote to amend the Town By-Law pertaining to a Celebration Committee, by striking out the amendment voted under Article 21 at the Annual Town Meeting on March 22nd, 1965, and substituting the following: "That the Town amend its By-Laws by adding a new section estab- lishing a Celebration Committee, to consist of five members to be appointed by the Board of Selectmen: two for one year, two for two years, and one for three years; thereafter, as each term expires, a successor shall be appointed for a three-year term. "
VOTED: That the General By-Laws of the Town be amended by striking out the amendment voted under Article 21 of the Annual Town Meeting held on March 22, 1965, and substituting the following: That the Town amend its General By-Laws by adding a new section establishing a Celebration Committee, to consist of five members to be appointed by the Board of Selectmen: two for one year, two for two years, and one for three years; thereafter, as each term expires, a successor shall be appointed for a three - year term.
Article 15. To determine whether the Town will vote to amend Article 2 of the General By-Laws of the Town of Lincoln, by striking out "Section 1" and substituting the following "Section 1. " "The Annual Town Meeting shall be held on the first Saturday after the fifteenth day of March in each year at 9:00 A. M. for the tran- saction of all business, except that the election of such officers and the determination of such matters as by law are required to be elected or determined by ballot shall take place on the following Saturday, when the polls shall be open from 8 o'clock A. M. until 7 o'clock P. M. or to such later time up to 8 o'clock P. M. as the
42
Moderator may determine; or take any other action relative there- to
VOTED:
The motion was lost.
The Meeting was adjourned at 10:50 P. M.
SPECIAL TOWN MEETING June 28, 1965
Pursuant to a Warrant duly served, the meeting was called to order by the Moderator, Mr. Charles Y. Wadsworth, at 7:45 o'clock P. M. The return of the Warrant was read, and, a quo- rum being present, the following business was transacted.
Article 1. To determine whether the Town will vote to ap- prove or disapprove the amount of indebtedness, namely, $315, 000, authorized by vote of the Lincoln-Sudbury Regional District School Committee on June 4th, 1965, for the purpose of constructing and equipping additions to the existing Regional School buildings, or pass any vote, or take any action relative thereto. VOTED: That the Town approve the amount of indebt- edness, namely $315, 000, authorized by vote of the Lincoln-Sudbury Regional District School Committee on June 4th, 1965, for the pur- pose of constructing and equipping additions to the existing Regional School buildings.
The Meeting was adjourned at 8:20 P. M.
SPECIAL TOWN MEETING November 1, 1965
Pursuant to a Warrant duly served, the meeting was called to order at 7:38 P. M. by the Moderator, Mr. Charles Y. Wads - worth. The return of the Warrant was read and the invocation giv- en by the Rev. Charles M. Styron. A quorum being present, the following business was transacted:
Article 1. To determine whether the Town will vote to instruct the Water Board to provide for the development of a well field by the installation of a well or wells, pipes, pumping station,
43
pumping equipment, including appropriate control facilities and in- terconnections with and at the pressure reservoir and existing pump- ing station at Sandy Pond, and water mains of less than 16 inches on certain land, as specified in Article 35 of the 1965 Annual Town Meet- ing, and to raise and appropriate a sum of money therefor, a por- tion to be taken from balances in the account voted under Article 36 of the 1965 Annual Town Meeting, and determine whether the re- mainder shall be provided for by borrowing under Authority of Gen- eral Laws, Chapter 44, Section 8, Clause (5), or take any other ac- tion relative thereto.
VOTED: That the Town instruct the Water Board to provide for the development of a well field by the installation of a well, or wells, pipes, pumping station, pumping equipment, includ- ing appropriate control facilities and interconnections with and at the pressure reservoir and existing pumping station at Sandy Pond, and water mains of less than 16 inches on certain land as specified in Article 35 of the 1965 Annual Town Meeting, and to raise and ap- propriate the sum of $70, 000. 00 therefor, and to meet said appro- priation, the Treasurer, with the approval of the Selectmen, be and hereby is, authorized to borrow the sum of $70, 000.00, or such les- ser amount as may be necessary, and to issue bonds or notes of the Town therefor, under the provisions of General Laws, Chapter 44, Section 8, Clause (5), so that the whole loan shall be paid in not more than 15 years from the date of issue of the first bond or note.
Article 2. To determine whether the Town will vote to instruct the Water Board to lower the intake pipe in Sandy Pond, and, for this purpose, increase the Water Department Water Supply expense account #953, to raise and appropriate a sum of money therefor, or take any other action relative thereto.
VOTED: That the Town instruct the Water Board to lower the intake pipe in Sandy Pond, and for this purpose, increase the Water Supply expense account, raise and appropriate the sum of $5, 000. 00 therefor, $2, 000. 00 to be taken from Water Department Surplus, and $3, 000. 00 from Water Department Revenue.
Article 3. To determine whether the Town will vote to increase the Water Department water transmission expense account #954, to raise and appropriate a sum of money therefor, a portion to be taken from the balance in the truck purchase account under Article 34 of the 1965 Annual Town Meeting, or take any other ac-
44
tion relative thereto.
VOTED: That the Town increase the Water Depart- ment transmission expense account #954, raise and appropriate the sum of $4, 000. 00 therefor, $983.52 to be taken from the balance in the Water Department truck account, $2, 516. 48 from Water De- partment Surplus, and $500. 00 from Water Department Revenue.
Article 4. To determine whether the Town will vote to instruct the Selectmen and Water Commissioners to petition the General Court to rescind Chapter 438 of the Acts of 1911, and pro- vide that all the water in Sandy Pond be reserved for the use of the Town of Lincoln.
VOTED: That the Town authorize the Selectmen and Water Commissioners to petition the General Court to rescind Chapter 438 of the Acts of 1911, and provide that all the water in Sandy Pond shall be reserved for the use of the Town of Lincoln.
Article 5. To determine whether the Town will vote to transfer a sum of money from the Ball Field repair account, voted under Article 19 of the 1965 Annual Town Meeting to an account for development of the DiPerna Recreational Area, or take any other action relative thereto.
VOTED: That the Town transfer $1, 400.00 from the Ball Field repair account, voted under Article 19 of the Annual Town Meeting of 1965, to an account for the development of the Di- Perna Recreational Area.
Article 6.
To determine whether the Town will vote to release to Lincoln Development Corporation all its rights, title and interest in and to a certain fifty (50) foot right of way marked "Right of Way" on a plan entitled "Todd Pond, Lincoln, Mass., Lincoln Associates, Owner", dated May 21, 1963, revised to Aug- ust 21, 1963, by Gordon E. Ainsworth & Associates, Registered Land Surveyors, Engineers and Landscape Architects, duly re- corded with Middlesex South District Registry of Deeds in book 10342, page 290, insofar as said fifty (50) foot right of way abuts parcel 33, as shown on said plan, or take any other action relative thereto.
VOTED: That the Town for the consideration of one dollar release to the Lincoln Development Corporation all its rights, title, and interest in and to a certain fifty (50) foot wide right of way marked "Right of Way" on a plan entitled "Todd Pond,
45
Lincoln, Mass., Lincoln Associates, Owner", dated May 21, 1963, revised to August 21, 1963, by Gordon E. Ainsworth & Associates, Registered Land Surveyors, Engineers and Landscape Architects, duly recorded with Middlesex South District Registry of Deeds in Book 10342, Page 290, insofar as said fifty (50) foot right of way abuts Parcel 33, as shown on said plan, on condition that the Town receive an easement for passage by bicycle, on horseback and on foot, in form satisfactory to the Planning Board.
Article 7. To determine whether the Town will accept as a Town way a portion of Todd Pond Road from station 00 at Lincoln Road to station 22+69 at the intersection of a private way shown as Short Hill Road on a plan entitled "Todd Pond, Lincoln, Mass., Lincoln Associates, Owners", Gordon E. Ainsworth & Associates, Registered Land Surveyors, recorded in Middlesex South District Registry of Deeds, Book 10342, page 290; and to de- termine whether the Town for this purpose will authorize the Board of Selectmen to acquire by eminent domain, purchase, or other- wise, the land therein contained, or take any other action relative thereto.
VOTED: That the Town accept as a Town way a por- tion of Todd Pond Road from station 00 to station 22+69.48, at the intersection of a private way shown as Short Hill Road on a plan en- titled "Todd Pond, Lincoln, Mass., Lincoln Associates, Owners", May 21, 1963, Gordon E. Ainsworth & Associates, Registered Land Surveyors, recorded in Middlesex South District Registry of Deeds, Book 10342, page 290; and that the Town for this purpose authorize the Board of Selectmen to acquire by eminent domain the land there- in contained, and to accept confirmation deed thereto.
Article 8. To determine whether the Town will accept as a Town way Meadowbrook Road from South Great Road to and including the turnaround as shown on a plan entitled "Plan Showing Subdivision of Land in Lincoln, Mass., Owned by Stella A. Giles", Snelling, Hilton & Associates, Surveyors, dated March 21, 1963, recorded in Middlesex South District Registry of Deeds, Book 10309, page 432; and to determine whether the Town for this purpose will authorize the Board of Selectmen to acquire by eminent domain, pur- chase, or otherwise, the land therein contained, or take any other action relative thereto.
VOTED: That the Town accept as a Town way Meadow-
46
brook Road from South Great Road to and including the turnaround, as shown on a plan entitled "Plan Showing Subdivision of Land in Lincoln, Mass., Owned by Stella A. Giles", Snelling, Hilton & Associates, Surveyors, dated March 21, 1963, recorded in Middle- sex South Registry of Deeds, Book 10309, page 432; and that the Town, for this purpose, authorize the Board of Selectmen to ac- quire by eminent domain the land therein contained, and to accept a confirmatory deed thereto.
Article 9. To determine whether the Town will accept as a Town way a portion of Goose Pond Road from the end of the public way at Deer Run to and including the turnaround as shown on a plan entitled "Subdivision Plan of Land in Concord and Lincoln", Albert A. Miller and Wilbur C. Nylander, Surveyors, dated Nov- ember 19, 1964, being Land Court plan #20706E, recorded in Mid- dlesex South District Registry in Book 683, page 196, with certifi- cate of title #110746; and to determine if the Town for this purpose will authorize the Board of Selectmen to acquire by eminent domain, purchase, or otherwise, the land therein contained, or take any oth- er action relative thereto.
VOTED: That the Town accept as a Town way a por- tion of Goose Pond Road, from the end of the public way at Deer Run, to and including the turnaround, as shown on a plan entitled "Subdivision Plan of Land in Concord and Lincoln", Albert A. Mil- ler and Wilbur C. Nylander, Surveyors, dated November 19, 1964, being Land Court plan #20706E, recorded in Middlesex South Dis- trict Registry in Book 683, page 196, with certificate of title #110746; and that the Town for this purpose authorize the Board of Selectmen to acquire by eminent domain the land therein contained and to ac- cept a confirmatory deed thereto.
The Meeting was adjourned at 9:25 P. M.
47
Nathan Brown House, c. 1720
Finance
TOWN TREASURER
Frederick B. Taylor
TREASURER'S REPORT FOR THE YEAR 1965
General
Water
Total
Cash balance 1/1/65
$ 620, 250. 71 $ 43, 842.20
$ 648,535.27
Receipts - 1965
(See Accountant's report for details)
3,006,278.01
138, 552. 13
3, 144, 830. 14
Salary transfers
1,575.00
- 1,575.00
Service transfers
485. 74
- 485.74
Warrant payments, 1965
- 3, 015,890. 75
- 144, 497. 03
-3, 160,387.78
Cash balance, Treasury
bills & certificates of deposit, 12/31/65
$ 6 12,698.71 $ 35,836.56 $ 648,535.27
48
General
Water
Total
Cash balance 12/31/65:
Harvard Trust Co.
$ 73,411. 37
$ 35,836.56
$ 109, 247. 93
N. E. Merchants National
7,677. 13
7,677. 13
Lexington Trust Co.
5,222.25
5,222.25
Concord Cooperative Bank
6,000.00
-
6,000.00
First National Bank of Boston
708.82
708. 82
Belmont Savings Bank
6,436.81
6,436.81
Beverly Savings Bank
7,005.88
7,005.88
Boston 5¢ Savings Bank
6,467.89
6,467.89
Brookline Savings Bank
3,598. 16
3,598. 16
Cambridge Savings Bank
7,713.45
7,713. 45
Charlestown Savings Bank
8,072.91
-
8,072.91
Lynn 5¢ Savings Bank
7,203. 34
7,203. 34
Newton Savings Bank
7,228. 16
7,228. 16
Provident Institution for
Savings
7,337. 33
7,337. 33
Waltham Savings Bank
4,398.83
-
4,398.83
Warren Institution for Savings
10, 546. 49
10, 546. 49
Certificate of deposit @ cost: $150, 000. 00 due 1/13/66
150,000.00
150,000.00
U. S. Treasury bills @ cost:
$100, 000. 00 due 2/28
98,005.50
98,005.50
$100, 000. 00 due 3/17
97, 962.00
97, 962.00
$100, 000. 00 due 3/31
97, 702. 39
-
97, 702.39
$ 612, 698. 71
$35,836.56
$ 648,535. 27
-
-
-
-
-
-
-
-
-
49
CEMETERY INVESTMENT FUND
Cash Account
Cash balance at January 1, 1965
$ 924.00
1, 109.00
Proceeds of lots sold in 1965 1965 interest income
536.89
$ 2,569. 89
Deposited in savings bank $ 1,583.00
Savings bank interest allowed to accumulate
536.89
2, 119.89
Cash balance at December 31, 1965
$ 450.00
Bank deposits at December 31, 1965
First National Bank of Boston
$ 450.00
Middlesex Institution for Savings
14, 245. 24
$ 14, 695. 24
LINCOLN CONSERVATION FUND
Cash Account
Cash balance at January 1, 1965
$ 55.55
Appropriation to Fund at 1965 Annual Town Meeting
18, 700.00
Interest income
264. 07
Net withdrawals from savings bank
800.00
$ 19,819. 62
Appropriations from Fund at Town Meeting
for land acquisitions
$ 19,500.00
Savings bank interest allowed to accumulate
264. 07
19,764. 07
Cash balance at December 31, 1965
$ 55.55
Bank Deposits at December 31, 1965
First National Bank of Boston
$
55.55
Boston 5¢ Savings Bank
1, 128.79
$ 1, 184. 34
50
STABILIZATION FUND
Cash Account
Cash balance at January 1, 1965
$ 38.21
Appropriations to Fund at 1965 Annual
$20,000.00
Town Meeting - for School purposes - for Equipment
6,300.00
26,300.00
Interest income in 1965
Net withdrawals from savings banks
1,540.00
$31,659.50
Safe deposit box rent
$ 2.50
Appropriated from Fund for school purposes
27,540.00
Savings bank interest allowed to accumulate
3,781. 29
31, 323. 79
Cash balance at December 31, 1965
$ 335.71
Bank Balances at December 31, 1965
First National Bank of Boston
$ 335.71
Boston 5¢ Savings Bank
26,590. 73
Home Savings Bank
3,455.99
Natick 5¢ Savings Bank
5,779.37
Suffolk-Franklin Savings Bank
16, 234. 90
Warren Institution for Savings
25, 769. 32
Whitman Savings Bank
7,502.75
$85, 668. 77
Earmarked Balances in Fund
For School purposes
$32,460.00
For General Equipment (including $3, 700. 00 transferred from "Land Acquisition" purposes)
38,000.00
Unallocated increment
15,208.77
$85, 668. 77
51
3,781.29
CEMETERY PERPETUAL CARE FUNDS Cash Account
Funds deposited in Middlesex Institution for Savings
Principal
Income Accumulated Before '65
1965 Income
Dec. 31, 1965 Balance
Samuel Hartwell
$ 300.00
$ 159. 44
$ 19. 12
$ 478.56
Orila J. Flint
300.00
77.78
15.72
393.50
Annie A. Ray
300.00
250.78
22. 93
573.71
Maria L. Thompson
500.00
374. 06
36.43
910.49
John H. Pierce
500.00
234.87
30.61
765.48
George F. Harrington
100.00
26.07
5.24
131.31
Francis Flint
250.00
187. 99
18.23
456.22
William W. Benjamin
500.00
136.07
26.51
662.58
Abijah G. Jones
300.00
138. 97
18.27
457. 24
Ellen F. Whitney
100.00
26.01
5.24
131. 25
E. H. Rogers
250.00
74. 14
13. 49
337.63
Ellen T. Trask
200.00
147. 32
14.46
361. 78
Thomas Huddleston
200.00
15.09
8. 95
224.04
Joa Pacewicz
400.00
94. 36
20.59
5 14. 95
Mary Susan Rice
87.27
23.21
4.58
115.06
Julia A. Bemis
300.00
120.60
17.51
438. 11
Donald Gordon
300.00
137.03
18.21
455.24
Elizabeth G. Chapin
300.00
56.70
14.85
371. 55
Sarah J. Browning
200.00
41.52
10.04
251.56
Agnes L. Brown
300.00
78. 32
15.76
394.08
Lewis W. Woodworth
150.00
50. 96
8. 36
209. 32
Robert B. Chapin
300.00
93.28
16.38
409. 66
Gardner Moore
300.00
88. 33
16. 17
404.50
Mary James Scripture
500.00
157.22
27. 37
684. 59
Charles P. Farnsworth
350.00
89.61
18.29
457.90
Helen O. Storrow
2,000.00
257. 18
94.05
2,351.23
Elizabeth S. Wheeler
200.00
41.21
10.04
251. 25
52
Funds deposited in Middlesex Institution for Savings
Principal
Income Accumulated Before '65
1965 Income
Dec. 31, 1965 Balance
L. B. and A. E. Thiessen Paul Dorian
150.00
55.45
8.54
213. 99
Raymond E. Hagerty
150.00
55.45
8.54
213. 99
Charles O. Preble
100.00
34. 42
5.59
140.01
George G. Tarbell
400.00
102.57
20.91
523. 48
Eugene Sherman
200.00
44.61
10. 17
254. 78
Mildred E. Bowles
200.00
40.25
10.00
250.25
Mabel H. Todd
200.00
37. 41
9. 88
247. 29
John J. Kelliher
200.00
35.39
9.80
245. 19
Lena M. Newell
325.00
33. 35
14. 91
373. 26
Mary H. Cushing
100.00
6.83
4.44
111. 27
William H. Costello
100.00
6.43
4. 42
110. 85
200.00
11. 69
8.81
220.50
Marie H. Bisbee Webster Smith
300.00
70. 48
15.43
385.91
Anthony J. Doherty
500.00
11. 06
21.29
532. 35
Funds deposited in Suffolk- Franklin Savings Bank
J. Waldo Smith
300.00
82.02
16. 11
398. 13
Charles S. Smith
300.00
106. 74
17. 18
423. 92
Edward R. Farrar
300.00
26.39
13. 76
340. 15
Anne D. Pollard
300.00
83. 04
16. 17
399.21
$ 14, 312.27
$ 4,218.47
$ 772. 37
$19,303. 11
$ 500.00
$ 196.77
$ 29.02
$ 725.79
53
OUTSTANDING DEBT
$ 30,000 School Building Loan, 1 3/4%, due $10, 000 each December 1, 1966-1968, issued under Chapter 208, Acts of 1948.
12,000 School Building Loan, 1 3/4%, due $4, 000 each December 1, 1966-1968, issued under Chapter 44, General Laws, as amended.
72,000 School Building Loan, 1 3/4%, due $12, 000 each December 1, 1966-1971, issued under Chapter 356, Acts of 1951.
24,000 School Building Loan, 1 3/4%, due $4, 000 each December 1, 1966-1971, issued under Chapter 44, General Laws, as amended.
240,000 School Project Loan, 3. 60%, due $20, 000 each October 1, 1966-1977, issued under the Acts of 1948.
35,000 School Construction Loan, 3.60%, due $5, 000 each Octo- ber 1, 1966-1972, issued under Chapter 44, General Laws, as amended.
150,000 School Project Loan, 3. 70%, due $15, 000 each November 1, 1966-1967, and $10, 000 each November 1, 1968-1972, issued under the Acts of 1948.
630,000 School Project Loan, 2. 90%, due $40, 000 each November 15, 1966-1972, and $35, 000 each November 15, 1973-1982, issued under the Acts of 1948.
85,000 School Project Loan, 3.10%, due $5, 000 each November 15, 1966-1982, issued under the Acts of 1948.
$ 1,278,000
Total School loans
60,000 Fire and Police Station loan, 3.60%, due $5, 000 each October 1, 1966-1977, issued under Chapter 44, General Laws, as amended.
25,000 Library Addition Loan, 2.50%, due $5, 000 each August 1, 1966-1970, issued under Chapter 44, General Laws, as amended.
15,000 Land Purchase Loan, 2.80%, due $5, 000 each December 1, 1966-1968, issued under Chapter 44, General Laws, as amended.
$ 1, 378,000 Net Debt
54
OUTSTANDING DEBT, Continued
$ 5,000 Water Mains Loan, 2. 70%, due October 1, 1966, issued under Chapter 44, General Laws, as amended.
15,000 Water Mains Loan, 2.50%, due $5, 000 each August 1, 1966-1968, issued under Chapter 44, General Laws, as amended.
85,000 Water Loan, 3.00%, due $10, 000 each August 1, 1966- 1972, and $8, 000 on August 1, 1973, and $7, 000 on August 1, 1974, issued under Chapter 44, General Laws, as amen- ded.
4,000 Water Mains Loan, 2. 80%, due $1, 000 each December 1, 1966-1969, issued under Chapter 44, General Laws, as amended.
65,000 Water Loan, 3.00%, due $5, 000 each August 15, 1966-1978, issued under Chapter 44, General Laws, as amended.
$ 1,552,000 Total debt at December 31, 1965.
55
TOWN ACCOUNTANT
M. Elizabeth Causer
BORROWING CAPACITY OF THE TOWN
Real and Personal
Valuation 1963, less abatements
Valuation 1964, less abatements
Valuation 1965, less abatements
$ 9, 170,819.00 13, 644, 411.00 14, 148, 292.00
Motor Vehicle
Valuation 1963, less abatements
1, 836,089.00
Valuation 1964, less abatements
1, 975,984.00 2,009,874.00
Valuation 1965, less abatements
Net Valuation
$ 42, 785, 469.00 14, 261, 823.00
Average Net Valuation
5% Legal Borrowing Capacity
713,091.00
FUNDED DEBT
General, Inside Limit Outside Limit
$ 171,000.00 1,207,000.00 174,000.00
Enterprise, Water
TOTAL FUNDED DEBT, January 1, 1966
$ 1,552, 000.00
AVAILABLE BORROWING CAPACITY, Jan. 1, 1966
$ 542,091.00
56
GENERAL REVENUE
Current Year
Personal Tax
Real Estate Tax
$ 90,070.67 980, 726.27
1, 070, 796.94
Prior Years
Personal Tax
170.40
Real Estate Tax
11, 269. 92
11, 440.32
Tax Refund
1, 148.00
Estate of Deceased Persons
1, 838. 79
Tax Title
1,071.25
From the State
Income Tax
13, 340.00
Income Tax, Ch. 69, 70, 71
129, 904.60
Corporation Tax
55,860.59
Meals Tax
927. 75
Reimbursement, loss of taxes
1, 422.66
Aid to Libraries
1, 403.25
Land acquisition
2,000.00
Reimbursement, veteran's
taxes
776. 16
205,635.01
City of Cambridge in lieu of taxes 1,249.79
Permits
Building
1, 897. 70
Plumbing
597.00
Wiring
571. 10
3,065.80
Fines
Court
142.00
Grants and Gifts
School Construction
42, 833.87
School Transportation
30, 945.30
73, 779. 17
57
From Federal Grants
Old Age Assistance $ 5,726.00
Old Age Assistance Adm. 758. 13
Medical Aid to Aged
8,056.87
Medical Aid to Aged, Adm.
702.51
Disability Assistance
93.00
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.