USA > Massachusetts > Norfolk County > Braintree > Town annual report of Braintree, Massachusetts for the year 1911 > Part 2
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Art. 4. Laid on table.
Art. 5. Voted to appropriate the following sums of money :
GENERAL GOVERNMENT.
Salary of Moderator. $25.00
Other Expenses (committees) 125.00
Salaries of Selectmen 487.50
Clerical help and other expenses 400.00
Salaries of Auditors. 150.00
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Salary of Treasurer $525.00
Art. 6. Bond of Treasurer 120.00
Art. 5. Expenses of Treasurer 50.00
Salaries of Assessors. 487.50
Clerical help for Assessors 104.00
Expenses of Assessors. 450.00
Salary of Town Clerk. 500.00
Expenses of Town Clerk. 200.00
Legal expenses. 300.00
Salary of Tax Collector 600.00
Expenses of Tax Collector. 125.00
Art. 7. Salaries of Board of Registrars of Voters 105.00
Election officers, printing, etc. 525.00
TOWN HALL.
Art. 8. Support and maintenance of Town Hall plus the revenue $500.00
Salary of Janitor. 450.00
Arts. 4-73. Voted that a committee of 5 be appointed by the chair to confer with the owner of the property east of the Noah Torrey school, ascertain the price, etc. and report at some adjournment of this meeting. Moderator appointed F. Eugene Dyer, Otis B. Oakman, William C. Harding, Elmer E. Aber- crombie, J. Frederick Kemp.
POLICE DEPARTMENT.
Art. 9. For pay of Police Chief $2.50 per day patrolmen each $2.25 per day $3,376.25
Expenses Art. 10. Court fees and expenses. 100.00
300.00
FIRE DEPARTMENT.
Art. 11. For hydrant service. $5,725.00
Voted that this appropriation be applied to the
payment of accruing coupons on Water Loan Bonds.
Pay of firemen, including their poll taxes 1,935.00
General expenses 1,000.00
Art. 12. Extra pay of firemen on the 30 cents per hour basis. 300.00
Art. 13. Indefinitely postponed.
.
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Art. 14. Shingling East Braintree Hose House. $100.00
Art. 15. Voted that the Board of Engineers be instructed to take the sum necessary for the same from the appropriation for general expenses of the Fire Department.
Art. 16. For repairs and painting Hose 2 at South Braintree. 95.00
Art. 17. For purchase of new hose.
600.00
Art. 18. Indefinitely postponed.
Art. 19. Voted to locate a fire alarm box on the engine house at South Braintree and appropri- ate for the purpose. 50.00
Art. 20. Indefinitely postponed.
Arts. 19-21. Voted to locate a fire alarm box at the corner of Hancock Street and Highland Avenue and appropriate for the same.
55.00 ,
Voted to locate a fire alarm box in the Braintree Highlands district to be placed at the discretion of the engineers and appropriate for the same 250.00
Motion to locate a fire alarm box at the corner of Plain and Grove Streets and appropriate $90 for the same, referred to the Appropriation Committee to report later.
Art. 22. Voted to locate a fire alarm box at the corner of Hobart Avenue and Tremont Street and appropriate for the same. 95.00
Art. 23. Voted to locate a fire alarm box in the vicinity of Stetson and Liberty Streets and ap- propriate for the same. 55.00
Art. 24. For care of fire alarm (to be expended as in past years ) 405.00
Art. 25. Indefinitely postponed.
Art. 26. For salary of Sealer of Weights and Measures (plus the fees) . 100.00
FORESTRY.
Art. 27. For suppression of Gipsy and Brown Tail Moths and for care of trees. $2,000.00 For forest fires. 400.00
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HEALTH.
Art. 28. Indefinitely postponed.
Art. 29. For salaries of Board of Health $350.00
For printing 75.00
For fumigating material 200.00
For quarantine 150.00
For care of dumps. 100.00
For Inspector of Animals and Provisions 100.00
For Inspector of Milk. 100.00
For expenses 100.00
For vital statistics 50.00
SANITATION.
Art. 30. Laid on the table.
Art. 31. Voted to extend the surface drain from near Pond Street into Franklin Street and ap- propriate for the same. $1,000.00
Art. 32. Indefinitely postponed.
HIGHWAYS AND BRIDGES.
Art. 33. For salaries of Surveyors of Highways $487.50
For clerical hire 104.00
For expenses of Highway Dept. 25.00
For repairs of ways and bridges, repairs on sidewalks, repairs on stone roads, with instructions to the Sur-
veyors to build no new stone roads. 7,494.01
(plus unexpended balance of last year) 1,505.99
(plus excise tax and street railway tax.)
For watering and oiling streets (plus abutters' tax) .. 1,500.00
For removal of snow 1,000.00
For fences 300.00
Voted to instruct the Selectmen to use their influence to secure the building of a State road in Braintree.
Art. 34. Voted to accept Lemoyne Street as a Town Way as laid out by the Selectmen, but make no appropriation.
Art. 35. Indefinitely postponed. Art. 36. Voted that the Town accept that part of Hollis Avenue, extending from Oak to Walnut Street as a Town Way, as laid out by the Selectmen, but make no appropriation.
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Art. 37. Voted to accept that part of Monatiquot Avenue extending from Oak to Walnut Street as a Town Way, as laid out by the Selectmen, but make no appropriation.
Art. 38. Voted to accept Robinson Avenue as a Town Way, as laid out by the Selectmen, but make. no appropriation.
Art. 39. Voted to accept Cotton Avenue as a Town Way, as laid out by the Selectmen, and appropriate for the same $200.00 Art. 40. Voted to indefinitely postpone this Article.
Voted to instruct the Selectmen not to insert an Article, asking the acceptance by the Town of a Street, in any warrant, until said Street has been put in proper condition.
CHARITIES.
Art. 41. For salaries of Overseers of the Poor .. $487.50
For clerk hire. 104.00
For expenses 150.00
For outside relief. 4,500.00
For support of Braintree Home 1,500.00
Voted to instruct the Overseers of the Poor to lease (if pos- sible) the Braintree Home for purposes other than contagious diseases ; and that the rent for said Braintree Home shall not be less than $1,000 per annum, 15 per cent. of the income of said Braintree Home to be spent in necessary repairs, the remainder to be devoted to defraying the expenses of outside relief; that the Overseers of the Poor shall be authorized to lease said prop- erty for a period of not more than ten years if such action will enable the Town to more favorably rent the same.
SOLDIERS' BENEFITS.
Art. 42. For State Aid and Soldiers' Burials. . $3,000.00 For Military Aid. 144.00
For Soldiers' Relief 330.00
(plus the unexpended balance of Military Aid 1910) 170.00
EDUCATION.
For the support of Public Schools.
Art. 43. For pay of teachers and Superintendent (plus dog tax and school fund) $31,500.00 For janitor service. 3,838.00
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For text books and supplies $3,500.00
For incidentals 1,000.00
For schoolhouse repairs. 1,500.00
For hire and care of outside rooms 280.00
For fuel
2,400.00
For repairs on'Jonas Perkins and other school build- ings . 1,000.00
For conveyance of pupils. 1,700.00
For installing bells at A. Lincoln and other schools. .. 100.00 For installing sanitary drinking fountains. 180.00
For placing the Noah Torrey School Hall in suitable
condition for use, the unexpended balance of last year's appropriation. 418.66
For insurance 20.00
Art. 44. Indefinitely postponed.
Art. 4. Taken up.
Voted that this meeting now adjourn to Monday, March 20th, 1911, at 7.45 o'clock P. M.
A true record. Attest :
H. A. MONK, Town Clerk.
Braintree, March 20, 1911.
The Town met in accordance with adjournment from March 13th. Moderator Woodsum in the chair, the meeting opened at 7.45 o'clock P. M., and transacted the following business :
Article 4. The committee appointed at the last annual meeting to consider the character of a new schoolhouse in Pre- cinct Two reported in writing with recommendations.
Voted to accept the report and place the same on file and that the thanks of the Town be extended to the committee.
Art. 47. Voted that a committee of seven be appointed by the chair, 2 from Precinct One, 3 from Precinct Two, 2 from Precinct Three, to select a site, procure plans, get estimates of cost and any other necessary information in relation to the build- ing of such schoolhouse and report at an adjournment of this meeting or some meeting called for the purpose.
George O. Wales, E. E. Abercrombie, H. F. Kneeland, J. Parker Hayward, A. E. Avery, F. E. Dyer and Paul Monaghan appointed.
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Art. 4. The committee appointed at the last meeting re- ported that the lot of land east of Noah Torrey schoolhouse could be purchased for the sum of $2,000 and recommended that the same be purchased by the Town.
Art. 73. Voted that the Town purchase the lot of land east of the Noah Torrey schoolhouse and appropriate for the
$2,000.00 same
Art. 8. Voted to appropriate an additional sum of 1,000.00 for repairs of Town House.
Art. 45. Voted to appropriate for a fence be- tween the Monatiquot school grounds and land of John T. Conway. 80.00
Art. 46. Voted to appropriate for finishing stair- ways in the Penniman school building. .. 200.00
Art. 44. Voted to reconsider the vote under this Article, passed at last meeting by which the Town indefinitely postponed action.
Voted to raise the maximum salary of grade teachers from $500 per annum to $550 at the discretion of the School Board and appropriate for the same. 680.00
LIBRARY.
Art. 48. Voted to appropriate for Thayer Public Library For general expenses. $1,200.00 For distribution of books at East Braintree 150.00
For janitor 250.00
RECREATION.
Art. 49. To be expended on Town lands. $100.00 Art. 50. To assist Gen. S. Thayer Post 87, G. A. R., in defraying the expenses of Memorial Day 200.00
UNCLASSIFIED.
Art. 51. For miscellaneous expenses. $2,500.00
Art. 52. For abatement of taxes. 1,500.00
ELECTRIC LIGHT DEPARTMENT.
Art. 53. Voted to appropriate the income from private consumers of electric light, for operating expenses, repairs and renewals.
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Art. 54. Voted that $2,500 be appropriated. from the un- expended balance of the appropriation for the Electric Light Department made in 1910, to restore to the Town Treasury the amount of the "Caleb Stetson Note," so called, and that the act of the Treasurer under the authority given by a resolution passed by the Town in 1899 whereby he used the Caleb Stetson Fund to pay two notes of the Electric Light Department amounting to $2,500 be and is hereby ratified and confirmed, and so much of the in- debtedness of the Department is declared liquidated and paid.
Art. 50. Voted to reappropriate the remainder of
the unexpended balance of the appropriation of 1910 amounting to .. $2,237.00
for extension of lines, connecting new consum- ers, repairs and renewals.
Art. 56. For salaries of Municipal Light Board 300.00
Art. 57. Voted to appropriate the sum of $56,976.96 shown in the accounts of the Electric Light Department under the name of overdraft for construction so that the account can be closed into profit and loss.
Art. 58. Voted this matter be referred to the Electric Light Department and if in their judgment the same should be done by the Town the expense thereof shall be taken from the income of the Electric Light Department.
Art. 59. Voted that no action be taken under this article.
Art. 60. Indefinitely postponed.
Art. 61. Indefinitely postponed.
Art. 62. Already disposed of under Article 54.
Art. 63. Laid on the table.
WATER DEPARTMENT.
Art. 64. Voted to appropriate for extension of water mains
$1,000.00
Art. 65. On motion to extend the water mains in Division and Liberty Streets and appropriate $3,500 for the same, the Town voted in the negative.
Voted to reconsider the above vote.
Voted to instruct the Water Commissioners to lay such pipes provided they receive a guarantee of 5 per cent. annual income on the cost of said extension.
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CEMETERY.
Art. 66. Voted to appropriate for Plain Street Cem- etery
$150.00
INTEREST MUNICIPAL INDEBTEDNESS.
Art. 67. Voted to appropriate for payment of interest : On note held by Hunt Trust to Aug. 1, 1911, $10,000, 1 year. $400.00
On note held by Thayer Library to Aug. 1, 1911, $10,000, 1 year 400.00
On note held by Thayer Library to Sept. 22, 1911, $2,500, 1 year. 100.00
On Torrey School note to June 1, 1911, $15,000, 6 months 271.88
On Torrey School note to Dec. 1, 1911, $10,000, 6 months 181.25
On Torrey School note to Dec. 1, 1911, $5,000, 1 year 181.25
On Coupons Lincoln School to June 1, 1911, $22,000, 6 months. 385.00
On Coupons Lincoln School to Dec. 1, 1911, $19,000, 6 months. 332.50
On Lincoln School (Special loan) to Mar. 1, 1911, $6,000, 6 months.
120.00
On Lincoln School (Special loan) to Sept. 1, 1911, $4,000, 6 months. 80.00
On Coupons Municipal Light Loan to Oct. 5, 1911,- $16,500, 1 year 660.00
On Discount on notes in anticipation of taxes 1,800.00
FOR PAYMENT OF NOTES.
Noah Torrey School note, June 1, 1911. $5,000.00
Lincoln School note, June 1, 1911. 3,000.00
Lincoln School note (Special), Sept. 1, 1911 2,000.00
Mayflower Park Water Loan, July 15, 1911 1,000.00
SINKING FUNDS.
Art. 68. Voted to appropriate for Water Loan Sinking Funds. $5,120.00
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Voted to appropriate for Electric Light Sinking
Funds $430.00
Art. 69. Voted to charge interest on all taxes remaining unpaid after December 1st, 1911, at the rate of 6% per annum.
Art. 70. Voted that an approval by a majority of the Auditors of the report of any financial department of the Town shall be a justification of such report.
Art. 71. Laid on the table.
Art. 72. Laid on the table.
Voted that this meeting now adjourn to Monday, April 10th, 1911, at 7.45 o'clock P. M.
A true record. Attest :
H. A. MONK, Town Clerk.
Braintree, April 10, 1911.
The Town met in accordance with adjournment from March 20th, Moderator in the chair.
Art. 72. Voted to take Article 72 from the table.
Copy of the will of Miss Ann Penniman making certain bequest for the benefit of Noah Torrey School.
Voted to accept said bequest under the terms and condi- tions contained in said will.
Art. 19. Voted to place a fire alarm box at the corner of Plain and Grove Streets and appropriate $90.00
Arts. 4 and 63. The committee to consider the matter of water supply, etc., rendered a report in print and also a minority report under same cover.
Voted that the reports be received.
Two motions were submitted and the matter discussed at great length ; no action was taken upon either motion.
Voted that this meeting adjourn to Monday, May 1st, 1911, at 7.45 o'clock P. M.
A true record. Attest :
H. A. MONK. Town Clerk.
. Braintree, May 1st, 1911.
The Town met in accordance with adjournment from April 10th. The meeting was called to order at 7.52 P. M., Moderator Woodsum in the chair.
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Arts. 4 and 63. Continued consideration of the water question unfinished at the last meeting.
Several motions were offered and rejected and after a lengthy discussion of the matter the Town voted that a Commit- tee of nine to consist of the Water Board and two persons from each Precinct to be appointed by the Moderator to thoroughly investigate the Metropolitan District or any other supply, the probable annual expense of each system and report to some adjournment of this meeting or at a special meeting; that said Committee apply at once to the State Board of Health for its advice concerning the present and future needs of our Water Supply and the best method for handling the same.
Voted to adjourn to Monday, May 8th, at 7.45 o'clock P. M. A true record. Attest :
. H. A. MONK, Town Clerk.
Braintree, May 8, 1911.
The Town met in accordance with adjournment from May 1st.
The meeting opened at 7.48 o'clock P. M., Moderator Wood- sum in the chair.
Arts. 4 and 63. The Moderator announced the names of the Committee authorized at the last meeting as follows: Otis B. Oakman, Edward Shay, Horace R. Drinkwater, Merton L. Emerson, Charles O. Miller, Charles T. Nickson.
Arts. 4 and 47. The Committee on new schoolhouse in Pre- cinct Two rendered a report in writing with recommendations. (See files in Town Clerk's office.)
Voted to accept the report.
Voted to recommit the report to the Committee with instruc- tions to consider other sites; also to reopen negotiations with Mr. N. E. Hollis ; that the Committee be authorized to offer Mr. Hollis $15,000 for his entire lot of land and report at an adjourn- ment of this meeting one week from tonight.
Voted that this meeting adjourn until Monday, May 15, 1911, at 7.45 o'clock P. M.
A true record. Attest :
H. A. MONK, Town Clerk ..
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Braintree, May 15, 1911.
The Town met in accordance with adjournment from May 8,1911.
Meeting opened at 7.50 o'clock P. M., Moderator Woodsum in the chair.
Arts. 4 and 47. The Schoolhouse Committee submitted in writing an amended report.
Voted that the report be received and placed on file. (Sec files in Town Clerk's office).
Voted that the original report be received and placed on file. Motion in writing offered by Mr. Avery.
Voted that the motion of Mr. Avery be divided as fol- lows :
Part first-That the Selectmen be and they are hereby authorized and instructed to purchase for the Town, one hundred and twenty thousand (120,000) sq. ft. of land on the easterly side of Washington Street, being a part of the land owned by N. Eugene Hollis and Mrs. White, as shown on a plan of said land prepared by Hartley L. White, C. E., at a price not to exceed ten cents per sq. ft.
A motion to adopt the provisions 'of said first part of the motion was defeated by a vote of 42 yes, 43 no.
Notice was given within one hour of an intention to move a reconsideration of the foregoing vote.
Voted on motion of Mr. Mellen that a Committee of nine be appointed by the chair to investigate other sites, consider the location, size, cost, etc., and report at an adjournment of this meeting three weeks from tonight.
The Moderator appointed the original committee and added the names of Otis B. Oakman and Benjamin Hawes.
Voted that this meeting adjourn until June 5, 1911, at 7.45 o'clock P. M.
A true record. Attest :
H. A. MONK, Town Clerk.
Braintree, June 5, 1911. '
The Town met in accordance with adjournment from May 15, 1911.
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The meeting opened at 7.50 o'clock P. M., with Moderator Woodsum in the chair.
Art. 47. Laid on the table.
Art. 4. The Committee appointed at the last meeting to consider the matter of Water Supply submitted a preliminary report. (See files.)
Voted to receive the report and place on file.
Art. 63. Voted that the Treasurer of the Town be in- structed to get the right from the Legislature to borrow a sum not to exceed $15,000 and issue bonds on notes or script for the purpose of replenishing machinery in the Braintree Water De- partment, said money to be expended under the direction of the Board of Water Commissioners.
Art. 47. Voted to take up Article 47.
Voted to adjourn until after the completion of the business of the Special Meeting.
Meeting again called to order at 9.50 o'clock P. M.
Voted to reconsider the vote taken at the last meeting where- by the Town rejected the motion to purchase land of Mr. N. E. Hollis for a site for a new schoolhouse.
Voted to appropriate $55,000 for the construction of a new school building on the schoolhouse lot in Precinct Two which the Town has this day voted to purchase for $10,000.
Voted to appropriate the sum of $10,000 for the purchase of land for location of schoolhouse in Precinct Two.
Voted by ballot with the use of the check lists that for the purpose of raising the $10,000 appropriated for the purchase of a schoolhouse lot in Precinct Two and the $55,000 for the erec- tion of a building thereon, the Town Treasurer with the approval of the Selectmen is hereby authorized and directed to issue and sell $65,000 "School Site and Building Bonds," dated July 1,. 1911, and payable as follows: $3,500 a year 1912 to 1921 in- clusive and $3,000 a year 1922 to 1931 inclusive. Said bonds shall be for $500 each and bear interest at a rate not to exceed 4% per annum, payable semi-annually. Any premium received from the sale of the bonds shall be applied to the payment of the principal of the bonds first maturing. None of said bonds shall be obligatory without the authenticating certificate of the Old Colony Trust Company of Boston, endorsed thereon.
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All other particulars as to the form, preparation, issuance and sale of said bonds shall be determined by the Treasurer and Selectmen. The whole number of ballots cast was 110, 6 in the negative and 104 in the affirmative.
Art. 4. Voted that a Committee of 15 be appointed by the chair to be known as the Appropriation Committee to serve for the ensuing year. Henry F. Arnold, Frank W. Couillard, Horace R. Drinkwater, Walter O. Hastings, Herbert A. Bryant, Carroll A. Holbrook, Gilbert V. Pennock, George O. MacDonald, Edward P. Cuff, William A. Ross, Benjamin Hawes, Robert Gibson, Joseph F. Kemp, Charles G. Jordan, Joseph Haley, ap- pointed.
Voted that a Committee of 9 be appointed by the Moderator with full authority, general and incidental to erect on the land purchased of Mr. Hollis a two-story brick school building for the Town, to contain ten class rooms, an assembly hall, teachers rooms, properly equipped basement, coat rooms, etc. George O. Wales, Elmer E. Abercrombie, Herbert F. Kneeland, F. Eu- gene Dyer, Otis B. Oakman, Paul Monaghan, Albert E. Avery, J. Parker Hayward, and Benjamin Hawes, appointed.
Voted that the Selectmen be instructed to look into the mat- ter of laying out a Street from River Street to Sherbrooke Avenue.
Voted that the thanks of the Town be extended to the Mod- erator for his efficient and impartial conduct of the business of this meeting.
Voted that the Committee appointed to revise the Town By-Laws be increased to consist of 9 members. Charles C. Mellen, Arthur W. Hoe, Hartley L. White, Walter B. Skinner, William Orr, added to the original committee.
Daniel E. Cain appointed to fill vacancy caused by the resignation of Otis B. Oakman on the Water Supply Com- mittee.
Voted that the aggregate sum of $260,428.74 be appropri- ated, and that $128,140.25 of that amount be raised by taxation, this year.
Voted that this meeting adjourn sine die.
A true record. Attest :
H. A. MONK, Town Clerk.
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WARRANT FOR SPECIAL TOWN MEETING.
Commonwealth of Massachusetts.
Norfolk, ss. To either of the Constables of the Town, of Braintree. Greeting :
In the name of the Commonwealth of Massachusetts, you are hereby directed to notify and warn the inhabitants of the Town of Braintree, qualified to vote in Town affairs, to meet at the Town Hall in said Braintree, on Monday, the fifth day of June, 1911, at 8 o'clock in the evening, then and there to act on the following Articles namely :
Article 1. To choose a Moderator to preside at said meeting.
Art. 2. To see if the Town will vote to raise and appropri- ate a sum of money for the purchase of land for a Public Playground.
Art. 3. To see if the Town will vote to accept the offer of Mr. N. Eugene Hollis, to give certain lands in Pre- cinct Two to be used by the Town as a Public Play- ground.
Art. 4. To see if the Town will vote to accept Sections 1 to 14 inclusive of Chapter 28 of the Revised Laws and any other acts amendatory thereto, authorizing cities and towns to lay out Public Parks within their limits.
Art. 5. To see if the Town will elect a Board of Park Com- missioners consisting of three persons and prescribe their term of office.
Art. 6. To hear and act on the report of any committee and choose any committee the Town may think proper.
You are to give notice of this meeting by posting true and attested copies of this warrant in not less than nine public places in this Town seven days at least before the time of said meeting and by publishing the same once in the Braintree Observer- Reporter and Braintree Bee.
Hereof fail not, and make due return of this warrant with your doings thereon to the Town Clerk before the time of said meeting.
Given under our hands at Braintree this twenty-sixth day
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of May in the year of our Lord one thousand nine hundred and eleven.
HENRY M. STORM, ALBION C. DRINKWATER, H. HERBERT WOODSUM, Selectmen of Braintree.
Braintree, June 5, 1911.
In accordance with the foregoing warrant the Town met at the time and place specified. The warrant was read by the Town Clerk and the meeting declared formally opened.
Article 1. By ballot, with the use of the check-lists, Benja- min H. Woodsum, Jr., was elected Moderator, and was sworn by the Town Clerk.
Voted on motion of Mr. Avery to take up Article 6.
Art. 6. The Committee appointed at the Annual Meeting to consider the matter of a schoolhouse site in Precinct Two sub- mitted a report in writing. (See files in Town Clerk's office.) Voted to receive the report and place the same on file.
Art. 4 taken up.
Motion to indefinitely postpone this matter, rejected.
Voted by ballot and with the use of the check lists, yes or no, on the following question : "Shall Sections One to Fourteen in- clusive of Chapter Twenty-eight of the Revised Laws, as amended, authorizing cities and towns to lay out public parks within their limits, be accepted ?" The result of the ballot as determined by the tellers was : Whole number of ballots cast 144; 126 yes, 18 no.
Art. 3 taken up.
Voted that the Town accepts the offer of Mr. N. Eugene- Hollis, and to that end, appropriates $15,000, to sell to the Town his home place in Precinct Two, namely, 536,800 square feet of land more or less, the particulars of which are shown by the sur- vey plan of Hartley L. White, Civil Engineer, on file with the Town Clerk, for $20,000, the Town to pay $15,000 and he to contribute $5,000; the Town to use for a schoolhouse site the 120,000-foot lot indicated as the schoolhouse lot on said plan, and for the purpose of which lot $10,000 of said $15,000 shall apply, and the balance for the purchase of which $5,000 of said $15,000
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