USA > Massachusetts > Norfolk County > Braintree > Town annual report of Braintree, Massachusetts for the year 1963 > Part 9
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
Honorable Board of Selectmen Town Hall So. Braintree, Mass.
Gentlemen:
I respectfully submit the following report as Superintendent of Cemeteries for the year ending December 31, 1963.
Town cemeteries were cared for and maintained throughout the year.
There were ten interments at Plain St. Cemetery, three at Pond St. Cem- etery and two at First Parish Cemetery.
New flag poles were installed at Plain Street, and First Parish Cemete- ries.
The Cemetery Perpetual Care Funds were increased considerably, and we hope to continue adding to these funds in the future.
Favorable comments were received on the appearance of the cemeteries on Memorial Day from Veterans' organizations.
I wish to thank the Board of Selectmen and the Cemetery Committee for their co-operation.
Respectfully submitted, JOHN F. LEETCH Superintendent
HARBORMASTER'S REPORT FOR 1963
Office of Selectmen Town Hall So. Braintree, Mass.
January 6, 1964
Gentlemen:
All of the accessible mooring space in the Monatiquote River was used to good advantage, there is some mooring room available but it is between Metro- politan Yacht Club and Cities Service Oil docks on the Braintree side of the Channel.
The use of mooring logs has greatly helped to make more space. There is one place where the Smelt Brook runs into the channel that is not quite pas - sible from 1 hour before low tide to one hour past.
There was a small amount of damage caused by vandals which occurs each year.
Very truly yours, EARL F. CONNORS Harbormaster
106
REPORT OF THE PLANNING BOARD FOR 1963
Joseph M. Magaldi, Chairman
Edward J. Rose Mitchell W. Gawlowicz, Clerk William F. Baker Frederick J. Klay
Chester T. Langtry, Town Engineer - Member Ex-Officio
The year 1963 was another banner year for our Town, with respect to its growth in residential, business and industrial expansion. Due to previous rec- ommendations of this Board and Town Meeting action, there was no imbalance in this expansion. Each area of activity had "elbow room" for additional growth.
In accordance with the provisions of the Mass. General Laws, the Planning Board held public hearings on all articles proposing changes in the Zoning By-Law submitted for consideration at the 1963 Annual Town Meeting and at the October 1963 Special Town Meeting. Public hearings, duly advertised, were held on all development plans submitted to the Board for action. In addition to the public hearings the Board held regular monthly meetings as well as many special meetings for the convenience of the Taxpayers and the Town.
The Board, thru its Representatives on the Parks and Playgrounds Commis- sion, the Industrial and Business Development Commission, and joint meetings with the Conservation Commission, the School Committee, the School Site Com- mittee and other groups, has been able to keep all concerned up to date on various zoning and planning changes.
Our Master Plan, which has been in the process of preparation for the past two year, should be completed and distributed by the time this report reaches you. The Chairman of our Board is the Town's Representative on the new Metropolitan Area Planning Council which will make it possible for the Board and the Town to be kept abreast on any new Metropolitan Area Planning Ad- vances.
In addition to the Master Plan Study, the Board has included in its program a Soils Study Report. The Norfolk County branch of the U. S. Soils Conserva - tion Services are doing the field work and technical phase of the study and our Consultant will prepare the final report and analysis of the Soils Study which, in other communities has proven very valuable when used in conjunction with a comprehensive planning program.
Repeating the words of the Supreme Court of the State of Pennsylvania we would like to say that no comprehensive plan is perfect. It cannot possibly envisage all problems which will face the community in the future. There must be a constant review of the plan by all the agencies involved. A plan cannot remain static and at the same time realistic. The forces of growth, economic condition, character and distribution of population and the tech- niques of planning are constantly in motion. A comprehensive plan must be subject to reasonable changes from time to time as conditions in the town change. It is the intention of this Board to keep a constant vigil on the plan and changes which may be made necessary as the future unfolds.
On the ballot at the March election this year, will appear a referendum question asking whether or not the so-called "Tenement House Act" should be repealed. Should repeal of the act be voted, this Board has prepared and submitted several articles which will afford the Town ample protection. Re- peal of the Act will not in itself permit any High Rise Apartments. The only way this can be accomplished is by amendments to the Zoning By-Law and
107
the Building Code and these we have prepared for consideration should they be required.
In cooperation with the Board of Selectmen, this Board has taken necessary action to "up-date" the 1956 report by Metcalf and Eddy and the 1958 report of the U. S. Soils Conservation Service covering the Flood Plain areas of the Pond Meadows along the banks of the Monatiquot River to Weymouth Landing.
The Board wishes to express its sincere appreciation to all who have co- operated in carrying on our work for Braintree to the Best of Our Ability.
Respectfully submitted, THE BRAINTREE PLANNING BOARD
108
REPORT OF THE TOWN TREASURER THELMA C. HEDLUND, TOWN TREASURER in account with THE TOWN OF BRAINTREE
Cash Book Balance, January 1, 1963
$ 2,446,506.32 14,574,229.37
Receipts from all sources, 1963
$17,020,735.69
Paid on Selectmen's Warrants, 1963
$14,631,072.61
Cash Book Balance, December 31, 1963
2,389,663.08
$17,020,735.69
The Cash Book Balance is made up of the following items:
General Town Account balance
$1,767,704.66
Water Department balance 58,172.44
Electric Light Department balance
289,089.00
Electric Light Depreciation Fund 274,696.98
$2,389,663.08
Details of receipts and expenditures are shown in the Accountant's report.
Investment of funds has earned the following interest:
Previously reported (1956-1963) $ 160,859.68
Earned in 1963
7,986.46
Total $ 168,846.14
OUTSTANDING FUNDED DEBT, DECEMBER 31, 1963
Sewer Loan 2.10% due 1964
$ 5,000.00
Sewer Loan 2.80% due 1964-1968
180,000.00 70,000.00
Sewer Loan 3-1/2% due 1964-1970
Sewer Loan 2.70% due 1964-1972
305,000.00
Sewer Loan 2-1/2% due 1964-1973
130,000.00
Sewer Loan 3.70% due 1964-1974
165,000.00
Sewer Loan 3-1/ 4% due 1964-1981
220,000.00 750,000.00
Water Bonds 2.80% due 1964-1968
35,000.00
Water Standpipe Bonds 2.10% due 1964-1969
18,000.00
Water Mains & Standpipe Bonds 2-1/2% due 1964-1973
195,000.00
Water Filtration Plant Addition Bonds 3.20% due 1964-1977
200,000.00
High School Addition Bonds 2-1/4% due 1964-1968 High School Addition Bonds 3.30% due 1964-1970 Elementary School Addition Bonds 3.20% due 1964-1967
60,000.00
Elementary School Bonds 1.75% due 1964-1970
215,000.00
Elementary School Bonds 1.90% due 1964-1972
585,000.00
Elementary School Bonds 2.75% due 1964-1972 Elementary School Bonds 2.80% due 1964-1973
450,000.00
355,000.00
88,000.00 305,000.00
109
Elementary School Bonds 2.10% due 1964-1974 Elementary School Bonds 2.10% due 1964-1974 Elementary School Bonds 2.40% due 1964-1976
290,000.00
Sewer Loan 3% due 1964-1983
140,000.00
105,000.00
South Junior High School Bonds 2.10% due 1964-1975 East Junior High School Bonds 3.50% due 1964-1980 Electric Light Bonds 1.75% due 1964-1972 Electric Light Bonds 2.80% due 1964-1978 Electric Light Bonds 3.10% due 1964-1979 Library Bonds 2.10% due 1964-1972
$ 670,000.00
1,995,000.00
630,000.00
1,125,000.00
2,000,000.00
90,000.00
Total Outstanding Debt, December 31, 1963
$11,336,000.00
TAX TITLES
Tax Titles Held by Town, January 1, 1963 1963 Takings
3,306.97
1963 Subsequent Taxes added to Tax Titles
8,358.38
Total
$45,194.08
Tax Titles Redeemed in 1963
$20,810.91
Tax Titles Disclaimed in 1963
161.66
Tax Titles Foreclosed in 1963
192.50
Tax Titles Held December 31, 1963
24,029.01
Total
$45,194.08
Book Value of Tax Possessions held by the Town December 31, 1963
$30,091.64
TRUST FUND TRANSACTIONS - 1963
Principal of
Dec. 31, 1963
Balance
of Income
Jan. 1, 1963
Income
Receipts
Payments
from Income
Payments
of Income
Dec. 31, 1963
Stabilization Fund
$
1,000.00
$ 486.88
$ 60.04
$ 546.92
Henry H. Musick Tr .*
159.82
16.54 $
176.36
Chas. Edw. French Tr.
2,419.50
789.70
129.64
N. H. Hunt Tr.
20,575.71
873.00
873.00
Hannah R. Hollis Tr.
100.00
22.17
4.92
27.09
Geo. W. Kelley Tr.
200.00
83.15
11.42
94.57
Joseph S. Miller Tr .*
81.31
8.26
89.57
Julia A. Minchin Tr .*
65.73
6.68
72.41
Anna M. Penniman Tr.
500.00
26.67
20.90
18.00
Avis A. Thayer Tr.
500.00
181.98
27.52
Chas. Thayer Tr.
20,502.37
1,982.16
948.74
100.00
2,830.90
Chas. C. Hill Tr .*
65.74
6.68
72.42
Colbert School Tr.
2,088.40
84.36
2,172.76
Colbert Library Tr.
40,790.37
1,795.21
1,779.75
1,795.21
1,779.75
Minerva P. Martin Tr .*
111.42
16.60
128.02
Mary F. White Tr.
10,752.15
3,151.50
584.08
3,440.65
294.93
Pond St. Cemetery Fund*
--
1,856.12
896.22
2,752.34
Cemeteries Perpetual
Care Fund
22,812.61
11.37
3,338.39
3,349.76
Fund
1963
1963
919.34
-
29.57 209.50
110
$33,528.73
Chester W. & Margaret A. Daily Scholarship Fund $ ** 13,812.50
$ 180.60
$ 180.60
Lucia E. Hollis Tr. 10,079.81
359.81
359.81
N. E. Hollis Tr.
100,676.44
$8,074.97
4,101.78 $8,388.07
3,788.68
A. S. & N. E. Hollis
School Fund
** 1,168,758.69
48,676.48 51,731.22 48,989.51 51,418.19
*These six funds transferred to Cemeteries Perpetual Care Fund November 8, 1963 in accordance with Supreme Court Decree entered February 13, 1963 ** Market value of securities December 20, 1963
CONTRIBUTORY RETIREMENT SYSTEM TREASURER'S REPORT FOR THE YEAR 1963
Under the General Laws the Town Treasurer is the Treasurer-Custodian of all funds and securities of the Contributory Retirement System.
Cash Balance, January 1, 1963
$ 21,058.22
Cash Receipts for 1963
375,997.85
$397,056.07
Payments Made on vouchers of the Retirement Board Cash Balance, December 31, 1963
23,065.99
$397,056.07
SECURITIES HELD - December 31, 1963:
$ 5,000. Aluminum Company of America
3%
Due 1979
15,000. American Telephone and Telegraph Company
2 3/4%
1980
4,000. American Telephone and Telegraph Company
4 3/8%
1985
30,000. Appalachian Power Company
4 3/8%
1992
5,000. Boston Edison Company
2 3/4%
1980
3,000. Central Maine Power Company
2 3/ 4%
1976
3,000. Central Maine Power Company
3 1/2%
1970
7,000. Central Illinois Public Service Company
3 3/8%
1971
5,000. Central Illinois Public Service Company
4 3/4%
1989
5,000. Central Vermont Public Service Corporation
3 3/8%
1982
10,000. Chicago, Burlington & Quincy Railroad Equipment Trust
3 1/2%
1968
5,000. Cincinnati Gas and Electric Company
4 1/8%
1987
10,000. Cleveland Electric Illuminating Company
4 3/8%
1994
5,000. Commonwealth Edison Company
4 1/ 4%
1987
5,000. Commonwealth Edison Company
3 1/4%
1982
5,000. Commonwealth Edison Company
3 3/4%
1988
5,000. Consolidated Edison Company of New York
2 5/8%
1977
5,000. Dayton Power and Light Company
3 1/ 4%
1982
5,000. Detroit Edison Company
2 3/ 4%
1985
20,000. El Paso Electric Company
4 5/8%
1992
10,000. Fall River Electric Light Company 5,000. General Motors Corporation
3 1/ 4%
1979
10,000. General Telephone Company of California
4 1/2%
1986
3,000. Georgia Power Company
3 3/8%
1982
4,000. Illinois Bell Telephone Company
3 1/8%
1984
4,000. Illinois Bell Telephone Company
3%
1978
10,000. Illinois Bell Telephone Company
4 3/8%
1994
-
111
3 3/ 4%
1983
$373,990.08
$10,000. Indiana and Michigan Electric Company
5,000. Indianapolis Power and Light Company
2 7/8%
1979
20,000. International Bank for Reconstruction and Development
3 1/2%
1969
10,000. Louisiana Power and Light Company
3 1/8%
1978
10,000. Louisville and Nashville Railroad Equipment Trust
3 3/8%
1966
10,000. Michigan Bell Telephone Company
4 5/8%
1996
5,000. Montana Power Company
2 7/8%
1975
17,000. Mountain States Telephone and Telegraph Company 4 3/8%
3%
1978
2,000. New England Power Company
2 3/ 4%
1979
5,000. New England Power Company
4%
1988
4,000. New England Telephone and Telegraph Company
3%
1974
5,000. New England Telephone and Telegraph Company
3 1 / 4%
1991
6,000. New England Telephone and Telegraph Company
4%
1993
6,000. New Jersey Bell Telephone Company
3 1/8%
1988
4,000. New Jersey Power and Light Company
2 7/8%
1979
6,000. New Jersey Power and Light Company
4 7/8%
1990
5,000. New York Telephone Company
2 3/4%
1982
7,000. New York Telephone Company
3 3/8%
1996
4,000. Niagara Mohawk Power Corporation
2 3/ 4%
1980
10,000. Norfolk and Western Railway Equipment Trust
4 1/8%
1973
10,000. Northern Pacific Railroad Equipment Trust
3 5/8%
1968
5,000. North Shore Gas Company
4%
1975
5,000. Ohio Power Company
3 3/8%
1985
2,000. Ohio Power Company
3 3/8%
1981
5,000. Ohio Power Company
3%
1971
6,000. Pacific Gas and Electric Company
2 7/8%
1980
5,000. Pacific Gas and Electric Company
3%
1971
8,000. Pacific Telephone and Telegraph Company
3 1/8%
1983
16,000. Pacific Telephone and Telegraph Company
3 1/4%
1979
1,000. Pacific Telephone and Telegraph Company
3 5/8%
1991
2,000. Pacific Telephone and Telegraph Company
4 3/8%
1988
5,000. Pennsylvania Electric Company
3 3/8%
1972
4,000. Philadelphia Electric Company
2 7/8%
1978
4,000. Philadelphia Electric Company
4 5/8%
1987
10,000. Public Service Company of New Hampshire
3 1/ 4%
1973
5,000. San Diego Gas and Electric Company
3%
1978
10,000. Socony Mobil Oil Company
4 1/4%
1993
8,000. Southern Bell Telephone and Telegraph Company
4%
1983
5,000. Southern California Edison Company
2 7/8%
1976
11,000. Southern California Edison Company
3 5/8%
1981
2,000. Southwestern Bell Telephone Company
2 3/4%
1985
28,000. Southwestern Bell Telephone Company
4 1/2%
1997
30,000. Twelve Federal Land Banks Farm Credit Association
4 1/8%
1978
10,000. Union Electric Company
3 3/ 4%
1986
5,000. United States Savings Bonds
3 1/4%
1968
25,000. United States Treasury Bonds
3 5/8%
1967
15,000. United States Treasury Bonds
4%
1969
10,000. United States Treasury Bonds
4%
1972
58,000. United States Treasury Bonds
3 1/ 4%
1983
50,000. United States Treasury Bonds
4 1/ 4%
1985
10,000. United States Treasury Bonds
3 1/2%
1990
30,000. United States Treasury Bonds
3%
1995
4 3/ 4%
1988
7,000. Massachusetts Electric Company
4 3/8%
1992
3,000. Mountain States Telephone and Telegraph Company 3 1/8%
1978
3,000. Narragansett Electric Company
1988
10,000. Union Electric Company
4 3/ 4%
1991
5,000. Ohio Power Company
4 5/8%
1989
112
$10,000. United States Steel Corporation
4 1/2%
1986
25,000. Virginia Electric and Power Company
4 1/2%
1987
2,000. Westchester Lighting Company
3 1/2%
1967
5,000. West Penn Power Company
2 7/8%
1979
25,000. Worcester County Electric Company
3 1/ 4%
1981
50 shares Chase Manhattan Bank, New York 360 shares First National Bank of Boston
102 shares First National City Bank of New York
107 shares Manufacturers Hanover Trust Company, New York 200 shares National Shawmut Bank of Boston
170 shares State Street Bank and Trust Company, Boston
60 paid-up shares Braintree Cooperative Bank
40 paid-up shares Holbrook Cooperative Bank
10 paid-up shares Home Cooperative Bank 5 paid-up shares Lawrence Cooperative Bank 20 paid-up shares Lincoln Cooperative Bank 25 paid-up shares Marblehead Cooperative Bank
40 paid-up shares Mattapan Cooperative Bank 25 paid-up shares Melrose Cooperative Bank 40 paid-up shares Middleborough Cooperative Bank 10 paid-up shares Orange Cooperative Bank 40 paid-up shares Pittsfield Cooperative Bank 50 paid-up shares Quincy Cooperative Bank 30 paid-up shares Randolph Cooperative Bank 55 paid-up shares Sandwich Cooperative Bank 10 paid-up shares Shirley Cooperative Bank 25 paid-up shares South Shore Cooperative Bank 25 paid-up shares Stoughton Cooperative Bank 25 paid-up shares Ware Cooperative Bank
$15,000 deposit Abington Savings Bank
10,000 deposit Boston Five Cents Savings Bank
15,000 deposit Braintree Savings Bank
15,000 deposit Charlestown Savings Bank
20,000 deposit Home Savings Bank
10,000 deposit Mechanics Savings Bank
15,000 deposit Palmer Savings Bank
20,000 deposit Provident Institution for Savings 5,000 deposit Randolph Savings Bank
15,000 deposit South Weymouth Savings Bank
10,000 deposit Suffolk Savings Bank for Seamen and Others 10,000 deposit Ware Savings Bank
5,000 deposit Weymouth Savings Bank
1,000 deposit Second Federal Savings and Loan Association of Boston
1,000 deposit Suffolk First Federal Savings and Loan Association of Boston
Respectfully submitted,
THELMA C. HEDLUND Town Treasurer
113
BOARD OF COMMISSIONERS OF TRUST FUNDS
Robert P. Gray, Chairman Arthur L. Whitten, Vice Chairman Joseph F. Connolly, Secretary
Action of the Board of Commissioners of Trust Funds is governed by the following two sections of Chapter 41 of the General Laws:
SECTION 46. - The town treasurer shall be the custodian 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 furnish a bond satisfactory to them for the faithful performance of his duties.
SECTION 47. - The said board of commissioners shall, so far as con- sistent with the terms of the trusts, manage and control the same, and distribute the income in accordance with the terms of the respective trusts. The board shall keep a record of its doings, and at the close of each financial year shall make a report to the town, showing the total amount of the funds, and their investments, receipts and disbursements on account of the same, setting forth in detail the sources of the receipts and the purposes of the expenditures.
Regular 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.
In compliance with the above two sections of Chapter 41 of the General Laws this report is given complete in detail.
TRUST FUNDS, INVESTMENTS, RECEIPTS AND DISBURSEMENTS FROM JANUARY 1, 1963 to DECEMBER 31, 1963 ARE AS FOLLOWS:
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 1/1/63 $789.70. Income during 1963 was $129.64. Income balance 12/31/63 is $919.34.
NATHANIEL H. HUNT TRUST (Accepted 3/9/08). Income to be expended by Trustees of the Thayer Public Library for books.
Principal of $20,575.71 consists of $20,000 United States Treasury 4-1/ 4% Bonds @ Par and $575.71 in Savings Account at the Braintree Savings Bank. Income during 1963 was $873.00. Disbursements during 1963 were $873.00.
ANN M. PENNIMAN TRUST (Accepted 4/10/11). Income to be expended by a committee comprised of Principal of Noah Torrey School, Chairman of School Committee, and Superintendant 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 1/1/63 $26.67. $18.00 disbursed in 1963. Income during 1963 $20.90. Balance of income 12/31/63 is $29.57.
GEORGE W. KELLEY TRUST (Accepted 3/21/27). Income to be expended for care of lot in Lakeside Cemetery.
114
Principal $200.00 in savings account at Braintree Savings Bank. Balance of income 1/1/63 $83.15. Income in 1963 $11.42. Balance of income 12/31/63 $94.57.
HANNAH R. HOLLIS TRUST (Accepted 3/26/28). Income to be expended for care and improvement of Hannah R. Hollis cemetery lot in Elm Street Cemetery.
Principal $100.00 in savings account at Braintree Savings Bank. Balance of income 1/1/63 $22.17. Income 1963 $4.92. Balance of income 12/31/63 $27.09.
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 Ceme- tery, remaining income to be expended by Town for worthy purposes as it may determine.
Principal of this fund is $20,502.37 and consists of $20,000.00 United States Treasury 4-1/ 4% Bonds due May 15, 1985/75 @ Par and $502.37 in savings account at the Braintree Savings Bank. Balance of income Jan. 1, 1963 was $1,982.16. Disbursed during 1963 was $100.00. Income in 1963 was $948.74. Balance of income December 31, 1963 was $2,830.90.
AVIS A. THAYER TRUST (Accepted 11/9/34). Income 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 Committee, and the Superintendent of Schools.
Principal $500.00 in savings account at Braintree Savings Bank. Balance of income 1/1/63 $181.98. Income 1963 $27.52. Balance of income 12/31/63 $209.50.
STABILIZATION FUND. Principal $1,000.00 in savings account at Brain- tree Savings Bank. Balance of income 1/1/63 $486.88. Income 1963 $60.04. Balance of income 12/31/63 $546.92.
COLBERT SCHOOL TRUST (Accepted 9/7/47). Principal and interest to be expended for extension of Colbert School. Principal has been expended. Accumulated income 1/1/63 $2,088.40. Income 1963 $84.36. Balance of income 12/31/63 $2,172.76.
COLBERT LIBRARY TRUST (Accepted 9/7/47). Income to be expended for maintaining the Colbert Library.
Principal of this fund is $40,790.37 comprised of $40,000.00 United States Treasury 4-1/ 4% Bonds @ Par and $790.37 in the Braintree Savings Bank. Balance of income 1/1/63 $1,795.21. Disbursed in 1963 $1,795.21. Income 1963 $1,779.75. Balance of income 12/31/63 $1,779.75.
MARY F. WHITE TRUST (Accepted 3/15/54). To be expended for per- petual care of Penniman School building and the lot on which situated.
Principal of this trust is $10,752.15 comprised of $10,000.00 United States Treasury 4-1/ 4% Bonds @ Par due 5/15/1985/75 and $752.15 in the Braintree Savings Bank. Balance of income 1/1/63 $3,151.50. Income 1963 $584.08. Disbursed in 1963 $3,440.65. Balance of income 12/31/63 $294.93.
115
CEMETERIES - PERPETUAL CARE FUND. At the March 26, 1962 Town Meeting it was unanimously voted: That the By-Laws of the Town be amended by adding to Article VII a new section as follows:
SECTION 4. There is established under the control of the Trust Commis- sion a fund to be known as "Cemeteries - Perpetual Care Fund" in which fund may be deposited any gift received and accepted by the Board of Selectmen or payments required by them, on the sale of cemetery lots, for perpetual care of certain lots, the income therefrom to be used for the perpetual care of said lots. All such gifts or payments shall be recorded on the Cemetery Lot Records of the Town Clerk.
Principal of this fund as of December 31, 1962 was $1,110.00, with a balance of income of $11.37.
In accordance with Supreme Court Decree entered February 13, 1963, the following six funds were transferred to the Cemeteries - Perpetual Care Fund.
Julia A. Minchin Trust, principal $100.00, balance of income 12/31/62 $65.73.
Joseph S. Miller Trust, principal $123.66, balance of income 12/31/62 $81.31.
Charles C. Hill, Trust, principal $100.00, balance of income 12/31/62 $65.74.
Henry H. Musick Trust, principal $250.00, balance of income 12/31/62 $159.82.
Minerva P. W. Martin Trust, principal $300.00, balance of income 12/31/62 $111.42.
Pond Street Cemetery Trust, principal $20,328.95, balance of income 12/31/62 $1,856.12.
During 1963 the sum of $500.00 was added to the principal through per- petual care payments.
Principal of this fund as of December 31, 1963 was $22,812.61. Balance of income 1/1/63 was $11.37. Income during 1963 $3,338.39. Balance of income 12/31/63 was $3,349.76.
Many of the good deeds performed by town officials are unnoticed. May it be recorded that the establishment of the Cemeteries - Perpetual Care Fund is a most efficient approach to maintaining the cemeteries. In the coming years this fund will maintain the cemeteries without the need for appropria- tions from Annual Town Meetings. The Board of Managers of Public Burial Places, Selectmen, Town Counsel and Town Treasurer have performed a service that should have been done years ago.
CHESTER W. and MARGARET A. DAILY SCHOLARSHIP FUND (Accepted 10/29/63). Income to be expended for scholarships awarded graduates of Braintree High School.
Principal consists of 100 shares of stock of American Telephone and Telegraph Company, Par Value $3,333.33, market value $13,812.50 as of 12/20/63. Income during 1963 was $180.60. Balance of income 12/31/63 $180.60.
116
N. E. HOLLIS PARK AND PLAYGROUND FUND (Accepted Jan., 1959). Income to be expended for parks and playgrounds. Principal $100,000.00 invested in United States Treasury Notes (Market Value $100,676.44) as follows:
$25,000 4-7/8's due
11/15/63 (matured)
25,000
3's
due
2/15/64
25,000
3's
due
8/15/66
25,000
4's
due 10/ 1/69
25,000 4's
due
8/15/73 (purchased)
Balance of income 1/1/63 $8,074.97. Income 1963 $4,101.78.
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.