USA > Massachusetts > Norfolk County > Braintree > Town annual report of Braintree, Massachusetts for the year 1960 > Part 13
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Respectfully submitted,
GEORGE F. BROUSSEAU, Superintendent.
BOARD OF COMMISSIONERS OF TRUST FUNDS JOHN J. CANAVAN, SR., Chairman ROBERT P. GRAY, Vice Chairman JOSEPH F. CONNOLLY, Clerk
Action of the Board of Commissioners of Trust Funds is goverened by the following two sections of Chapter 41 of the General Laws:
Section 46 .- The town treasurer shall be the custo- dian of all funds and securities of such trust funds, shall invest and reinvest them and expend therefrom moneys as directed by the commissioners. The treasurer shall fur- nish a bond satisfactory to them for the faithful perform- ance of his duties.
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Section 47 .- The said board of commissioners shall, so far as consistent with the terms of the trusts, manage and control the same, and distribute the income in ac- cordance with the terms of the respective trusts. The board shall keep a report of its doings, and at the close of each financial year shall make a report to the town, show- ing the total amount of the funds, and their investments, receipts and disbursements on account of the same, set- ting forth in detail the sources of the receipts and the purposes of the expenditures.
Regular monthly meetings of the board have been held. Notices for same are posted with the town clerk in accordance with the law. The minutes of each meeting are kept in a bound record book.
Trust Funds, investments, receipts and disbursements from January 1, 1961 to December 31, 1960 were as fol- lows :
CHARLES EDWARD FRENCH TRUST (Accepted 10/14/07). Income to be expended for three silver medals for each high and grammar school, for best scholarship Principal $2,419.50 savings account, Braintree Savings Bank. Balance of income 1/1/60 $454.80. Income during 1960 was $101.47. Income balance 12/31/60 is $556.27.
NATHANIEL H. HUNT TRUST (Accepted 3/9/08). Income to be expended by Trustees of the Thayer Public Library for books. $3,800.00 Paid-up shares of Braintree Co-operative Bank were sold. The following amounts were withdrawn from savings banks: $2,650.94 from the Quincy Savings Bank, $4,000.00 from the Weymouth Sav- ings Bank, and $9,951.46 from the Braintree Savings Bank. Purchased were $20,000.00 United States Treasury 414% Bonds, due May 15, 1985/75 @ par. Principal $20,- 575.71 consists of $20,000.00 United States Treasury 414% Bonds @ Par and $575.71 in Savings Account at the Braintree Savings Bank. Income during 1960 was $685.60. Disbursements during 1960 were $685.60.
ANN M. PENNIMAN TRUST (Accepted 4/10/11). Income to be expended by a committee comprised of Prin- cipal of Noah Torrey School, Chairman of School Com- mittee, and Superintendent of Schools, for competitive prizes to pupils of the Noah Torrey School, for reading and declamation. Principal $500.00 in savings account at Braintree Savings Bank. Balance of income 1/1/60
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$19.09. $16.00 disbursed in 1960. Income during 1960 $18.04. Balance of income 12/31/60 is $21.13.
GEORGE W. KELLEY TRUST (Accepted 3/21/27). Income to be expended for care of lot in Lakeside Ceme- tery. Principal $200.00 savings account at Braintree Sav- ings Bank. Balance of income 1/1/60 $53.62. Income in 1960 $8.95. Balance of income 12/31/60 $62.57.
HANNAH R. HOLLIS TRUST (Accepted 3/26/28). Income to be expended for care and improvement of Han- nah R. Hollis cemetery lot in Elm Street Cemetery. Princi- pal $100.00, savings account in Braintree Savings Bank. Balance of income 1/1/60 $9.46. Income 1960 $3.85. Bal- ance of income 12/31/60 $13.31.
CHARLES THAYER TRUST (Accepted 3/25/29). Income to be expended for care of Thayer Family Burial Lot No. 73 and No. 74 in Lakeside Cemetery, remaining income to be expended by Town for worthy purposes as it may determine. The following amounts were withdrawn from savings banks: $4,262.35 from the Warren Institute for Savings, $4,410.60 from the Quincy Savings Bank, $4,060.27 from the Weymouth Savings Bank, $3,365.79 from the South Weymouth Savings Bank and $4,230.05 from the Braintree Savings Bonk. Principal of this fund is now $20,502.37 and consists of $20,000.00 United States Treasury 414% Bonds due May 15, 1985/75 @ Par and $502.37 in savings account at the Braintree Savings Bank. Balance of income Jan. 1, 1960 was $782.24. Disbursed during 1960 was $600.00 ($100.00 Dyer Hill Cemetery, $500.00 Thayer Public Library.) Income in 1960 was $905.85. Balance of income December 31, 1960 was $1,088.09.
JULIA A. MINCHIN TRUST (Accepted 3/10/30). Income to be expended for care of Julia A. Minchin lot in Plain Street Cemetery. Principal $100.00 Savings account in Braintree Savings Bank. Balance of income 1/1/60 $48.47. Income 1960 $5.23. Balance of income 12/31/60 $53.70.
AVIS A. THAYER TRUST (Accepted 11/9/34). In- come to be expended for suitable awards to fourth grade pupils of the Hollis School, for scholarly improvement or attainment. To be expended by a committee comprised of the Principal of Hollis School, Chairman of School Com- mittee, and the Superintendent of Schools. Principal $500.00 savings account in the Braintree Savings Bank,
183
Balance of income 1/1/60 $110.85. Income 1960 $21.55. Balance of income 12/31/60 $132.40.
JOSEPH S. MILLER TRUST (Accepted 3/28/38). Income to be expended for the perpetual care of the Mil- ler lot in the Plain Street Cemetery. Principal $123.66 Savings account, Braintree Savings Bank. Balance of in- come 1/1/60 $59.96. Income in 1960 $6.46. Balance of income 12/31/60 $66.42.
CHARLES C. HILL TRUST (Accepted 3/25/40). In- come to be expended for the care of lot 70 in the Plain Street Cemetery. Principal $100.00 savings account Braintree Savings Bank. Balance of income 1/1/60 $48.48. Income 1960 $5.23. Balance of income 12/31/60 $53.71.
HENRY H. MUSICK TRUST (Accepted 4/3/44). Terms of will state "that my body be interned in the Plain Street Cemetery." Also directs that "not more than $500.00 be expended for said burial including a cement vault." Principal $250.00 savings account, Braintree Sav- ings Bank. Balance of income 1/1/60 $117.10. Income 1960 $12.95. Balance of income 12/31/60 $130.05.
STABILIZATION FUND Principal $1,000.00 sav- ings account, Braintree Savings Bank. Balance of income 1/1/60 $331.74. Income 1960 $47.01. Balance of income 12/31/60 $378.75.
COLBERT SCHOOL TRUST (Accepted 9/7/47). Principal and interest to be expended for extension of Colbert School. Principal has been expended. Accumulat- ed income 1/1/60 $1,870.46. Income 1960 $66.03. Balance of income 12/31/60 $1,936.49.
COLBERT LIBRARY TRUST (Accepted 9/7/47), Income to be expended for maintaining the Colbert Libra- ry. $3,000.00 Braintree Co-operative Paid-up shares and the $1,000.00 Quincy Co-operative Paid-up shares were sold. The following amounts were withdrawn from sav- ings banks: $7,662.84 from the East Weymouth Savings Bank, $6,726.29 from the South Weymouth Savings Bank, $5,171.07 from the Weymouth Savings Bank, $5,529.21 from the Whitman Savings Bank and $11,354.35 from the Braintree Savings Bank. Principal of this fund is now $40,790.37 comprised of $40,000.00 United States Treas- ury 414% Bonds @ Par and $790.37 in the Braintree Sav- ings Bank. Balance of income 1/1/60 $2,256.54. Dis-
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bursed in 1960 $2,003.31. Income 1960 $1,796.16. Balance of income 12/31/60 $2,049.39.
MINERVA P. W. MARTIN TRUST (Accepted 3/11/53). Income to be expended for care of lot No. 9 Whitfield Wetherell at Plain Street Cemetery. Principal $300.00 savings account, Braintree Savings Bank. Balance of income 1/1/60 $68.52. Income 1960 $12.99. Balance of income 12/31/60 $81.51.
MARY F. WHITE TRUST (Accepted 3/15/54). To be expended for perpetual care of Penniman School Building and the lot on which situated. This trust is on deposit at the Braintree Savings Bank and the balance as of 12/31/59 was $10,665.00 Principal of this trust now consists of $10,000.00 United States Treasury 414% Bonds @ Par due 5/15, 1985/75 and a balance of $752.15 in the Braintree Savings Bank. Balance of income 1/1/60 $1,544.30. Income 1960 $516.79. Balance of income 12/31/60 $2,061.09.
POND STREET CEMETERY TRUST. Principal $20,328.95 consists of fifty perpetual care accounts at the Braintree Savings Bank. Balance of income 1/1/60 $2,172.69. Expended 1960 $1,140.00. Income 1960 $774.60. Balance of income 12/31/60 $1,807.29.
N. E. HOLLIS PARK AND PLAYGROUND FUND (Accepted Jan., 1959) Income to be expended for parks and playgrounds. Principal $100,000.00 invested in Unit- ed States Treasury Notes as follows :
$25,000 47/8's due 11/15/63 25,000 3's due 2/15/64 25,000 3's due 8/15/66 25,000 4's due 10/ 1/69
Balance of income 1/1/60 $3,789.79. Income 1960 $3,839.03. Disbursements during 1960 $3,985.48. Balance of income 12/31/60 $3,643.34.
LUCIA E. HOLLIS AND E. STANWOOD HOLLIS FUND (Accepted January 1959). Income to be expended for books for the Public Library. Principal $10,000 in- vested in United States Treasury notes as follows :
$2,000 47/8's due 11/15/63 2,000 3's due 2/15/64 3,000 3's due 8/15/66 3,000 4's due 10/ 1/69
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As of 1/1/60 there was no balance of income. Income 1960 $373.51. Disbursements 1960 $373.51. Balance of in- come 12/31/60 none.
ANNIE STORR HOLLIS and NORTON EUGENE HOLLIS FUND (Accepted 3/10/59). To be expended for the benefit of the Public Schools of Braintree. Principal of $1,217,000.00 par value with a market value of $1,219,- 246.77 as of December 31,1960 is invested in bonds as fol- lows :
PAR VALUE
AMORTIZED TAKE OVER BOOK VALUE
$15,000 Akron Union Passenger Depot Co. $15,341.00 1st Mortgage 41% % Bond Series A Dated Jan. 1, 1949 Due : July 1, 1974
10,000 Albany & Susquehanna R. R. Dela- 10,322.00
ware & Hudson 412% Gen. Mort- gage Bond Dated July 1, 1945 Due : July 1, 1975
10,000 Missouri, Kansas, Texas R. R. Prior Lien Mortgage 4% Gold Bond Series B Dated Jan 1, 1922 Due: Jan. 1, 1962
8,275.00
5,000 Portland Terminal & Tunnel Co. 1st 5,023.00 Mortgage 4% Bond Dated July 1, 1911 Due : July 1, 1961
10,000 Mission Appliance Corp. Conv. S. F. 10,000.00
6% Debenture Dated July 1, 1951 Due: July 1, 1963
14,000 Northeastern Water Co. S. F. Colla- 14,078.40 teral Trust 5% Bond Dated Jan. 1, 1948 Due: Jan. 1, 1968
10,000 Pacific Finance Corp. 31/2 % Deben- ture Dated July 1, 1955 Due: July 1,1965
9,950.00
15,000 Standard Oil Co. of Ohio 41/2% S. F. 15,000.00 Debenture Dated Jan. 1, 1957 Due : Jan. 1, 1982
5,000 Brooklyn Union Gas Co. 1st Mort- 5,085.00 gage 27/8% Bond Dated July 1, 1946 Due : July 1, 1976
186
10,000 Illinois Bell Telephone 1st Mort- 10,156.60 gage 314% Bond Series D Dated July 15, 1955 Due : July 1, 1995
5,000 Rochester Gas & Elec. Corp. 1st 5,055.08 Mortgage 47/8 % Bond Series R Due : July 1, 1987
9,000 City of Chicago 33/4 % Parking 9,000.00 Facility Revenue Bond Series A Da- ted July 1, 1952 Due : July 1, 1982
10,000 Town of Fort Walton, Florida 4% 10,328.80 Special Tax Revenue Certificate Da- ted Nov. 1, 1952 Due : July 1, 1980
15,000 Maine Turnpike Authority 4% Turn- pike Revenue Refunding & Extension Bond Dated Jan. 1, 1953 Due: Jan. 1, 1989
15,000.00
10,000 City of Mobile, Alabama 414% Water 10,380.55 Service Revenue Bond Series A Dated Oct. 1, 1952 Due: Jan. 1, 1976
10,000 Port of Palm Beach District Fla. 4% 10,144.00 Revenue Certificate Dated July 1, 1951 Due: July 1, 1966
10,000 Municipality of Ponce, Puerto Rico 10,000.00 Public Improvement 3% Bond Dated July 1, 1952 Due : July 1, 1960
10,000 Puerto Rico Water Resources Auth- 9,800.00 ority 21/2% Electric Revenue Bond Dated Jan. 1, 1947 Due : July 1, 1970
10,000 St. Clair County-Port Huron Bldg. 9,901.26 Authority 31/4 % Bldg. & Site Rev. Bond Dated Nov. 1, 1952 Due: Jan. 1, 1985
18,000 Gilchrist Co. 15 yr. 4% S. F. Deben- 17,950.00 ture Due : Feb. 1, 1965
4,000 Standard Milling Co. 15 yr. 31/2 % S. 4,011.00 F. Debenture Due: Feb. 1, 1961
15,000 Township High School Dist. No. 200 15,254.00 Williamson County, Ill. 3% High School Bldg. Bond Dated June 15, 1947 Due: Feb. 1, 1966
187
10,000 Dallas Power & Light Co. 1st Mort- 10,059.80 gage 31/8 % Bond Series Due: Feb. 1, 1986
15,000 Sylvania Electric Products Inc. 4% 14,287.50 S. F. Debenture Due : Feb. 1, 1978
15,000 Commercial Credit Co. 35/8% Note 15,000.00 of 1976 Due: Feb. 1, 1976
13,000 American Tel. & Tel. Co. 35 yr. 23/4 % 10,010.00
Debenture Dated Aug. 1, 1945 Due : Aug. 1, 1980
84,000 Southwestern Bell Telephone Co. 85,097.88 45/8% Due. Aug. 1, 1995
25,000 Michigan Bell Telephone Co. 45/8 % Due. Aug. 1, 1996
25,093.75
7,000 Cornell-Dubilier Electric Corp. 37/8 % S. F. Debenture Dated March 1, 1952 Due: March 1, 1972
7,000.00
15,000 General Motors Acceptance Corp. 20 14,737.50 Yr. Mortgage 35/8 % Debenture Due : Sept. 1, 1975
8,000 National Gas & Oil Corp. 1st Mort- 8,000.00 gage 434 % Bond Dated March 1, 1953 Due: March 3, 1973
10,000 Standard-Thomson Corp. 5% S. F. 10,000.00 Debenture Series B Dated Jan. 1, 1951 Due : Sept. 1, 1967
5,000 Wheeling Steel Corp. 1st Mortgage 5,071.00 314% S. F. Series C. Dated March 1, 1945 Due: March 1, 1970
5,000 American & Foreign Power Co. 4,736.03 5% Gold Debenture Dated March 1, 1930 Due. March 1, 2030
10,000 American Tel. & Tel. Co. 30 yr. 10,345.60 31/4 % Debenture Dated Sept. 15, 1954 Due : Sept. 15, 1984
10,000 Central Maine Power Co. 1st & Gen- 10,329.00 eral Mortgage 312% Bond Series M Dated Jan. 1, 1942 Due : Sept. 1, 1972
188
15,000 Citizens Utilities Co. 1st Mortgage 15,218.00 and Collateral Trust 31/2 % Bond Dated March 1, 1947 Due: March 1,1972
15,000 Consolidated Natural Gas 5% Deben- 15,275.00 ture Due : Sept. 1, 1982
10,000 New York State Electric & Gas Corp. 10,268.95 1st Mortgage 33/8 % Bond Dated Sept. 1, 1955 Due: Sept. 1, 1985
10,000 Jackson & Clay Counties, Mo. 33/8 % 9,950.00 Revenue Bond Dated Sept. 1, 1952 Due : Sept. 1, 1982
10,000 North Johnson City Utilities District 10,065.00 Washington County, Tenn. 4% Waterworks Revenue Bond Due : March 1, 1982
10,000 Salt Lake City, Utah, Sanitary Dist. 9,795.42 23/4 % Sewer Revenue Bond Series of 1954 Due : Sept. 1, 1985
10,000 South West Texas State Teachers 10,204.00 College 3% Bldg. Revenue Bond Ser- ies of 1946 $5,000 Due : Sept. 1, 1963 $5,000 Due: Sept. 1, 1964
6,000 Washington Toll Bridge Authority 5,940.00 Tacoma Narrows Toll Bridge 33/4 % Revenue Bond Dated Mar. 1, 1948 Due: Mar. 1, 1978
10,000 Duquesne Light Co. 1st Mortgage 9,887.50 41/4 % Bond Due : Mar. 1, 1989
25,000 Virginia Electric & Power Co. 45/8 % 25.031.25 Due: Sept. 1, 1990
10,000 Akron, Canton & Younkstown Ry. 9,400.00 41% % Consolidated Mortgage Due : Oct. 1, 1988
5,000 Cleveland Short Line Railway 50 yr. 5,010.00 1st Mortgage 41/2% Gold Bond of 1911 Due: April 1, 1961
10,000 Midland Valley R.R. 30 yr. 1st Mort- 9,521.38 gage 4% Gold Bond Due Apr. 1, 1943 extended to Apr. 1, 1963
189
12,000 Northern Pacific Railway Collateral 11,940.00 Trust 4% Bond Due: Oct. 1, 1984
10,000 West Virginia & Pittsburgh R.R. 1st 9,300.00
Mortgage 4% Gold Bond Dated 1890 Due: April 1, 1990
15,000 Arkansas Power & Light Co. 1st 15,200.00 Mortgage 33/8 % Bond Series Due : April 1, 1985
10,000 Georgia Power Co. 1st Mortgage 10,123.25 35/8 % Bond Due : April 1, 1986
20,000 New York Telephone Co. 33/8 % Re- 20,100.77 funding Mortgage Due : April 1, 1996
10,000 Pacific Power & Light Co. 1st Mort- gage 33/8 % Bond Series Due : April 1, 1984
10,192.00
10,000 Philadelphia Electric Co. 1st Refund-
10,008.25 ing Mortgage 31/8 % Bond Due : April 1, 1985
10,000 Public Service Elec. & Gas Co. of N. J. 31/3 % Debenture Bond Due : Oct. 1, 1974
10,000 South Jersey Gas Co. 1st Mortgage 10,130.00 41/8 % Bond Due: Oct. 1, 1977
15,000 Twin City Rapid Transit Co. 4% Col- 15,100.00 lateral Trust Bond Due. Oct. 1, 1964
10,246.00
10,000 City of Key West, Fla. 4.60% Sani- tary Sewer Revenue Bond Series A Dated April 1, 1953 Due: April 1, 1981
10,000 Redford Township, Mich. 33/4%
10,317.00 Water & Sewer System Revenue Bond Series of 1952 Due : April 1, 1978
10,000 City of Tyler, Texas 33/4% Water- works & Sewer System Refunding Bond Dated April 1, 1957 Due: April 1. 1974
10,110.25
10,195.00
10,000 City of Wichita Falls, Texas 23/4 % 1st Mortgage Waterworks System Revenue Improvement Bond Series of 1947 Due April 1, 1975 Optional 1964
10,354.00
190
23,000 Boston Edison Co. 1st Mortgage 51/4 % 23,603.75 Bond Series C Due : Oct. 1, 1989
15,000 Detroit Terminal & Tunnel Co. 1st 15,132.00 Mortgage 50 yr. 41/2 % Gold Bond Dated May 1, 1911 Due : May 1, 1961
7,000 Kansas, Oklahoma & Gulf Ry. 1st 6,912.50
Mortgage 35/8 % Bond Series Due : May 1, 1980
10,000 Continental Oil Co. 30 yr. S. F. 3% 10,103.16 Debenture Due : Nov. 1, 1984
15,000 Crucible Steel Co. of America 1st Mortgage S. F. 31/8% Bond Series Due: Nov. 1, 1966
15,000.00
15,000 General Electric Co. 312 % Debenture 15,063.00 Due : May 1, 1976
5,000 Pittsburg Coke & Chemical 1st Mort- 5,000.00 gage 31/2 % Bond Dated Nov. 1, 1944 Due: Nov. 1, 1964
10,000 American Tel. & Tel. Co. 26 yr. 5% 10,133.00
4,000 Debenture Due: Nov. 1, 1983 4,040.00
10,000 Florida Power Corp. 1st Mortgage 10,095.20
314% Bond Due: Nov. 1, 1978
10,000 Long Island Lighting 1st Mortgage 10,122.50 33/8 % Series H. Due : Nov. 1, 1985
10,000 Michigan Consolidated Gas Co. 1st Mortgage 31/2 % Bond Due: Nov. 15, 1980
10,210.00
10,000 City of Ashland, Wisconsin 31/2 % 9,710.14 Sewerage Revenue Mortgage Bond Dated Nov. 1, 1952 Due: Nov. 1, 1986
10,000 Coastal Highway District, Ga. 33/4 % 10,218.00 Savannah River Crossing Bridge Rev- enue Anticipation Certificate Dated Nov. 1, 1952 Due: Nov. 2, 1982
10,000 City of Connersville, Ind. 31/4 % Sew- 10,000.00 age Works Revenue Bond Dated Feb. 1, 1955 Due: Nov. 1, 1980
191
10,000 City of Gulfport, Miss 31/2% Com- 10,274.00 bined Water & Sewer System Reve- nue Bond Dated May 1, 1952 Due : May 1, 1976
9,000 Wasco County, Oregon 31/2% Toll 9,172.10 Bridge Revenue Bond Dated Nov. 1, 1949 Due: Nov. 1, 1974
10,000 Town of West New York, N. J. 31/2 % 10,282.00 Sewer Bond Dated Nov. 1, 1952 Due : Nov. 1, 1974
10,000 Township of Woodridge, N. J. Board 10,056.80 Education School Dist. 334 % Bond Due: Nov. 1, 1976
6,000 U. S. Treasury 41/4 % Bonds Due : 6,000.00 May 15, 1985/75
25,000 American Telephone & Telegraph 25,156.25 Co. 434 % Bonds Due : Nov. 1, 1992
25,000 Public Service of New Hampshire 25,288.00 51/8 % Bonds Due : Nov. 1, 1990
12,954.00
13,000 Commonwealth of Australia 20 yr. 31/2 % Bond Dated Dec. 1, 1946 Due : Dec. 1966
15,000 City of Corpus Christi, Texas 1st 15,000.00 Mortgage 3% Waterworks Revenue Bond Dated Feb. 1, 1954 Due: Dec. 1, 1980
10,000 Southern New England Tel. 34 yr.
10,109.80 31/2% Debenture Dated June 1, 1955 Due : June 1, 1989 "
10,000 Pacific Gas & Electric Co. 1st and 10,129.60
Refunding 33/8 % Bond Series Y Dated Dec. 1, 1954 Due : Dec. 1, 1987
10,000 Gatineau Power Co. 1st Mortgage 10,128.00 3% Bond Series C Dated June 15, 1946 Due: June 15, 1970
15,000 Connecticut Light & Power Co. 1st & Refunding Mortgage 31/4 % Bond Series N Dated Dec. 1, 1955 Due : Dec. 1,1985
14,925.00
192
15,000 Baltimore Gas & Electric Co. 1st Re- 15,099.20 funding Mortgage S. F. 31/4 % Bond Dated Dec. 1, 1955 Due : Dec. 1, 1990
10,000 Alabama Power Co. 1st Mortgage 10,255.00
33/8 % Bond Dated Dec. 1, 1948 Due : Dec. 1, 1978
10,000 Household Finance Co. 4% S. F. Deb- enture Dated June 1, 1956 Due : June 1, 1978
10,000.00
5,000 American Airlines 3% S. F. Deben- 5,000.00 ture Dated June 1, 1946 Due: June 1,1966
10,000 Pennsylvania R.R. 415% General 10,026.00 Mortgage Gold Bond Series A Dated June 1, 1915 Due : June 1, 1965
15,000 Atlantic Coast Line R. R. General 15,153.00 Unified Mortgage 50 yr. 412 % Cou- pon Gold Bond Series A Dated June 1, 1914 Due : June 1, 1964
25,000 Pacific Gas & Electric Co. 45/8 % 24,500.00 Bonds Due : June 1, 1992
25,000 Consolidated Edison of New York 25,687.50
5% Bonds Due : Dec. 1, 1990
Total $1,217,000.00 Total $1,219,246.77
SALES - 1960
$20,000 U. S. Treasury 37/8 % Bonds Due : 20,187.50
May 15, 1980
1,000 Washington Toll Bridge Authority 1,020.00
33/4% Bond Due: March 1, 1978 (called)
5,000 Standard Milling Co. 312% S. F. 5,025.00 Debenture Due: February 1, 1961 (called)
2,000 Washington Toll Bridge Authority 2,040.00 334% Bond Due: March 1, 1978 (called)
6,000 Brownsville, Texas 212 % Due: April 5,355.00 1,1968
193
5,000 Cairo. Ill., 23/4% Due : January 1, 4,355.00
1971
10,000 Cook County, S.D. No. 15 21/4 % Due : 9,192.00
January 1, 1967
10,000 Puerto Rico Water 21/2% Due: Jan- 8,876.00 uary 1, 1968
15,000 Cape May County Bridge 23/4 % Due : 14,250.00 October 1, 1969
5,000 Ritta, Florida, Drainage 3% Due: 4,625.00 October 1, 1964
5,000 Ritta, Florida, Drainage 3% Due: October 1, 1963
4,625.00
15,000 Daytona Beach, Florida 33/4 % Due : 14,475.00 December 1, 1970
10,000 Florida State Improvement (Brow- 8,975.00 ard County) 3.30s Due: November 1, 1975
15,000 Grant County, Washington P. U. D. 12,933.00 21/2 % Due : April 1, 1970
10,000 North Bergen, N. J. 2.90's Due : September 1, 1964
9,571.00
10,000 Switz City, Indiana 31/4 % Due: July 9,587.50 1, 1967
10,000 Chelan County Washington, Rock Is- land Hydro. Elec. System 3.30's Due : July 1, 1987
8,175.00
20,000 Chicago Transit Authority 334% 17,900.00
Due: July 1, 1978
10,000 Massachusetts Turnpike Authority 8,600.00
3.30's Due May 1, 1994
10,000 New York Power Authority 3.20's 9,000.00
Due: January 1, 1995
10,000 St. Petersburg, Florida 234 % Due: 8,200.00 October 1, 1979
5,000 Toledo & Ohio Central Ry. 33/4 % 5,000.00
Due : June 1, 1960 (Matured)
194
PURCHASES - 1960
$ 6,000 U. S. Treasury 41/4 % Bonds-due : . $6,000.00 May 15, 1985/75
20,000 U. S. Treasury 37/8 % Bonds - due : 20,000.00 May 15, 1980
84,000 Southwestern Bell Telephone Co. 85,097.88 45/8 % Bonds due : August 1, 1995
25,000 American Telephone & Telegraph 25,156.25 Co. 43/4 % Bonds due: November 1, 1992
25,000 Pacific Gas & Electric Co. 45/8 % 24,500.00 Bonds due : June 1, 1992
25,000 Public Service Company of New Hampshire 51/8 % Bonds due : No- vember 1, 1990
25,288.00
25,000 Consolidated Edison Co. of New York 25,687.50 5% Bonds due : December 1, 1990
25,000 Michigan Bell Telephone Co. 45/8 % 25,093.75 Bonds due : August 1, 1996
25,000 Virginia Electric & Power Co. 45/8 % 25,031.25 Bonds Due : September 1, 1990
For assistance and co-operation given the Board this past year, we thank the town officials and commit- tees.
195
TOWN OF BRAINTREE OFFICE OF THE TOWN ACCOUNTANT DETAIL OF RECEIPTS AND EXPENDITURES FOR THE YEAR 1960
RECEIPTS GENERAL REVENUE
Taxes:
1960:
Real Estate
$3,841,138.89
Personal Property
140,266.10
Poll
15,337.03
$ 3,996,742.02
1959:
Real Estate
78,329.24
Personal
Property
5,828.95
Poll
44.00
84,202.19
Suspended
Tax Title Redemptions:
Tax Title
10,394.32
Water Liens
617.09
11,011.41
From State:
Income Tax
129,520.97
Income Tax School Aid
257,824.80
Corporation Tax
183,064.18
Meal Tax
8,264.14
Income Tax School Aid
Special Classes
24,451.80
603,125.89
Licenses & Permits
Firearms & Revolver
570.00
Town Hall Rent
890.00
Common Victualer
180.00
Amusement & Music Boxes
140.00
Auctioneer
16.00
Adv. Liquor License Applications
205.00
Open Air Theatre
10.00
Sunday
130.00
Hackney
15.00
Hawkers & Peddlers
40.00
Junk Dealers
100.00
Liquor Licenses
7,455.00
Bowling
101.00
Auto Dealers
70.00
Miscellaneous
10.00
46.00
9,932.00
196
Court Fines:
1,346.20
Grants & Gifts:
Dog Licenses (County)
1,580.60
State:
School Construction Grants
128,234.80
Vocational Education
4,817.80
Blind Class
9,116.93
Civic Educa. English Speech Classes
12.18
Tuition & Transportation
22,764.79
Abatements to Paraplegic Veterans
2,784.73
167,731.23
Federal:
Schools NDEA P. L. 85-864 Title III
15,935.94
Schools NDEA P. L. 85-864 Title V
4,970.37
Schools P. L. 874
94,043.52
Old Age Assistance
97,229.91
Old Age Assistance Admr.
12,181.31
Aid Dependent Children
16,461.00
Aid Dependent Children Admr.
3,171.46
Disability Assistance
10,370.50
Disability Assistance Admr.
1,713.76
256,077.77
From Trust Funds:
Smith Hughes Barden Fund-Schools
103.00
Colbert Library Fund -
Colbert Library
2,000.00
Charles Thayer Fund
Thayer Library 500.00
Charles Thayer Fund -
Dyer Hill Cemetery 100.00
Pond St. Cemetery Fund -
Pond St. Supt.
440.00
Pond St. Cemetery Fund --
Pond St. Exp. 700.00
N. E. Hollis Trust Fund -
Parks & Playgrounds
3,964.70
A. S. & N. E. Hollis Trust Fund - Schools
35,867.56
A. S. & N. E. Hollis Trust Fund (Final)
N. H. Hunt Trust Fund
685.60
Ann M. Penniman Trust Fund
16.00
L. E. & E. S. Hollis Trust Fund
371.44
1,073.04
Special Assessments:
Sewer:
Unapportioned
6,330.46
Apportioned Paid in Advance
13,051.86
Apportioned 1960
18,638.10
Apportioned 1959
613.85
43,675.26 80,281.37
38,634.27
197
Sewer Connections:
Umapportioned
19,892.66
Apportioned Paid in Advance
5,241.00
Apportioned 1960
16,146.99
Apportioned 1959
264.86
41,545.51
Streets:
Apportioned Paid in Advance
467.00
Apportioned 1960
1,822.98
Apportioned 1959
61.78
2,351.76
Sidewalks:
Unapportioned
360.75
Apportioned Paid in Advance
184.00
Apportioned 1960
684.40
Apportioned 1959
14.00
1,243.15
Committed Interest:
Levy of 1960
12,558.60
Levy of 1959
314.43
12,873.03
Motor Vehicles Excise:
1960
239,638.97
1959
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