Town annual report of Braintree, Massachusetts for the year 1964, Part 10

Author:
Publication date: 1964
Publisher: The town
Number of Pages: 250


USA > Massachusetts > Norfolk County > Braintree > Town annual report of Braintree, Massachusetts for the year 1964 > Part 10


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1978


4,000. Philadelphia Electric Company


4 5/8%


1987


10,000. Public Service Company of New Hampshire


3 1/4%


1973


25,000. Public Service Electric and Gas Company


4 3/8%


1986


10,000. Puget Sound Power and Light Company


4 3/4%


1994


5,000. San Diego Gas and Electric Company


3%


1978


10,000. Sears, Roebuck and Company


4 3/4%


1983


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


10,000. Union Electric Company


4 3/4%


1991


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%


19 69


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


2 7/8%


1980


5,000. Pacific Gas and Electric Company


3%


1971


20,000. Pacific Gas and Electric Company


4 1/2%


1996


8,000. Pacific Telephone and Telegraph Company


3 1/8%


1983


6,000. Pacific Gas and Electric Company


1966


122


$30,000. United States Treasury Bonds


10,000. United States Steel Corporation


4 1/2%


1986


25,000. Virginia Electric and Power Company


4 1/2%


1987


3 1/2%


1967


2 7/8%


1979


25,000. Worcester County Electric Company


3 1/4%


1981


75 shares Chase Manhattan Bank, New York 360 shares First National Bank of Boston


105 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 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 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 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


Respectfully submitted,


THELMA C. HEDLUND, Town Treasurer


123


3%


1995


2,000. Westchester Lighting Company


5,000. West Penn Power Company


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 consis- tent 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, 1964 to DECEMBER 31, 1964 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 1/1/64 $919.34. Income during 1964 was $135.20. Income balance 12/31/64 $1,054.54.


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 $20,000.00 United States Treasury 4 1/4% Bonds @ Par and $575.71 in Savings Account at the Braintree Savings Bank. Income during 1964 was $873.00. Disbursements during 1964 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 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 1/1/64 $29.57. $33.00 disbursed in 1964. Income during 1964 $20.70. Balance of income 12/31/64 is $17.34.


GEORGE W. KELLEY TRUST (Accepted 3/21/27). Income to be expended for care of lot in Lakeside Cemetery.


124


Principal $200.00 in savings account at Braintree Savings Bank. Balance of income 1/1/64 $94.57. Income in 1964 $11.91. Balance of income 12/31/64 $106.48.


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 1/1/64 $27.09. Income 1964 $5.13. Balance of income 12/31/64 $32.22.


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.


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, 1964 was $2,830.90. Disbursed during 1964 was $100.00. Income in 1964 was $986.79. Balance of income December 31, 1964 was $3,717.69.


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 im- provement or attainment. To be expended by a committee comprised of the Principal of Hollis School, Chairman of School Committee, and the Superin- tendent of Schools.


Principal $500.00 in savings account at Braintree Savings Bank, Balance of income 1/1/64 $209.50. Income 1964 $28.71. Balance of income 12/31/64 $238.12.


STABILIZATION FUND. Principal $1,000.00 in savings account at Brain- tree Savings Bank. Balance of income 1/1/64 $546.92. Income 1964 $62.62. Balance of income 12/31/64 $609.54.


COLBERT SCHOOL TRUST (Accepted 9/7/47). Principal and interest to be expended for extension of Colbert School. Principal has been expended. Accumulated income 1/1/64 $2,172.76. Income 1964 $87.98. Balance of in- come 12/31/64 $2,260.74.


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 1/1/64 $1,779.75. Disbursed in 1964 $1,779.75. Income 1964 $1,773.90. Balance of income 12/31/64 $1,773.90.


MARY F. WHITE TRUST (Accepted 3/15/54). To be expended for perpetual 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 1/1/64 $294.93. Income 1964 $468.79. Balance of income 12/31/64 $763.72.


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:


125


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 1/1/64 $22,812.61. During 1964 $850.00 was added to principal. Principal of Fund as of 12/31/64 $23,662.61. Balance of income $3,349.76. Income during 1964 $1,062.92. Balance of income 12/31/64 $4,410.68.


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 Tele- graph Company, market value as of 12/20/64 $13,839.92. Balance of income 1/1/64 $180.60. Income during 1964 $399.30. Disbursed during 1964 $375.10. Balance of income 12/31/64 $204.80.


N. E. HOLLIS PARK AND PLAYGROUND FUND (Accepted Jan. 1959). In- come to be expended for parks and playgrounds. Principal $100,000.00 invest- ed in United States Treasury Notes (Market Value $100,887.38) as follows:


$25,000


3's


due


2/15/64 (Matured)


25,000


3's


due


8/15/66


25,000


4's


due


10/ 1/69


25,000


4's


due


8/15/73


25,000


4's


due


8/15/66 (Purchased)


Balance of income 1/1/64 $3,788.68. Income 1964 $3,677.47.


Expended 1964 $3,600.00. Balance of income 12/31/64 $3,866.15.


LUCIA E. HOLLIS AND E. STANWOOD HOLLIS FUND (Accepted January 1959). Income to be expended for books for the Public Library. Principal $10,000 invested in United States Treasury notes (Market Value $10,096.68) as follows:


$ 2,000


3's


due


2/15/64 (Matured)


3,000


3's


due


8/15/66


3,000


4's


due


10/ 1/69


2,000


4'


due


8/15/73


2,000


4's


due


8/15/66 (Purchased)


Balance of income 1/1/64 $359.81. Income 1964 $350.30.


Expended 1964 $720.11. Balance of income 12/31/64 None.


ANNIE STORRS HOLLIS AND NORTON EUGENE HOLLIS FUND (Accepted March 10, 1959). Income to be expended for the benefit of the Public Schools of Braintree.


Principal $1,168,585.71 (Market Value 12/20/64). Balance of income 1/1/64 $51,418.19. Income 1964 $52,366.41. Disbursements during 1964 $36,444.13. Balance of income 12/31/64 $67,340.47.


126


As of 12/31/64 this fund is comprised of the following lising of bonds:


PAR VALUES:


MARKET VALUES


BOOK VALUES:


$ 41,000


USA Treasury Bonds 4% 8/15/71 $


40,718.13


$ 41,004.38


6,000


USA Treasury Bonds 4 1/4% 4/15/85


6,030.00


6,000.00


10,000


No Johnson Tennessee Revenue 4% 3/1/ 82


10,156.25


10,065.00


10,000


Redford Mich Revenue 3 3/ 4% 4/1/78


10,150.00


10,317.00


10,000


St Clair County Michigan Bldg & Site Rev 3 1/4% 1/1/85


9,481.25


9,901.26


10,000


Akron Canton & Youngstown RR Co Series B 4 1/2% 10/1/88


8,850.00


9,400.00


15,000


Akron Union Passenger Depot Co Series A 4 1/2% 7/1/74


13,425.00


15,341.00


10,000


Alabama Power Co 3 3/8% 12/1/78


8,850.00


10,255.00


10,000


Albany & Susquehanna RR Co 4 1/2% 7/1/75


9,662.50


10,322.00


5,000


American Airlines Inc Deb 3% 6/1/66


4,950.00


5,000.00


5,000


American & Foreign Power Co 5% 3/1/2030


4,012.50


4,736.03


13,000


American Tel & Tel Co 2 3/4% 8/1/80


10,497.50


10,010.00


10,000


American Tel & Tel Co 3 1 /4% 9/15/84


8,537.50


10,345.60


25,000


American Tel & Tel Co 4 3 / 4% 11/1/92


25,875.00


25,156.25


30,000.


American Tel & Tel Co 4 3/ 4% 6/1/98


31,200.00


30,712.50


15,000


Arkansas Power & Light Co 3 3/8% 4/1/85


12,600.00


15,200.00


35,000


Arkansas Power & Light 4 7/8% 5/1/91 Gen Mtg A 4 1/2% 6/1/64


36,225.00


35,512.50


15,000


Baltimore Gas & Elec Co 3 1 / 4% 12/1/90


12,075.00


15,099.20


5,000


Brooklyn Union Gas Co 2 7/8% 7/1/76


4,212.50


5,085.00


10,000


Central Maine Power Co M 3 1/2% 9/1/72


9,300.00


10,329.00


13,000


Citizens Utilities Co 3 1/2% 3/1/72


12,122.50


13,188.89


15,000


Commercial Credit Co 3 5/8% 2/1/76


13,800.00


15,000.00


15,000


Connecticut Light & Power Co Ser N 3 1/4% 12/1/85


12,525.00


14,925.00


25,000


Consolidated Edison Co of New York 5% 12/1/90


26,312.50


25,687.50


30,000


Consolidated Edison Co NY 4 3/4% 6/1/91


31,050.00


30,300.00


13,000


Consolidated Natural Gas 5% 9/1/82


13,520.00


13,238.34


10,000


Continental Oil Co S F Deb 3% 11/1/84


8,300.00


10,103.16


127


$


7,000


Cornell-Dubilier Electric Corp SF Debentures 3 7/8% 3/1/72 $ 5,810.00


$ 7,000.00


15,000


Crucible Steel Co of Amer 3 1/8% 11/1/66


14,550.00


15,000.00


10,000


Dallas Power & Light Co 3 1/8% 2/1/86


8,175.00


10,059.80


30,000


Duke Power Company 4 1/2% 2/1/92


30,225.00


31,087.50


25,000


Duke Power Co 4 1/4% 8/1/92


24,312.50


24,915.75


10,000


Duquenne Light Co 4 1/4% 3/1/89


9,500.00


9,887.50


10,000


Florida Power Corp 3 1/4% 11/1/78


8,650.00


10,095.20


10,000


Gatineau Power Co Ser C 3% 6/15/70


9,150.00


10,128.00


15,000


General Electric Co Deb 3 1/2% 5/1/76


13,950.00


15,063.00


15,000


General Motors Acceptance Corp 3 5/8% 9/1/75


13,956.25


14,737.50


35,000


General Telephone Co Calif 4 5/8% 12/1/91


35,350.00


35,918.75


10,000


Georgia Power Co 3 5/8% 4/1/86


8,850.00


10,123.25


16,000


Gilchrist Company 4% 2/1/65


15,600.00


15,955.56


10,000


Household Finance Corp Deb 4% 6/1/78


9,437.50


10,000.00


10,000


Illinois Bell Telephone Co 3 1/ 4% 7/15/95


8,000.00


10,156.60


25,000


Intl Bank Reconst & Dev 4 1/2% 2/1/82


25,062.50


25,000.00


7,000


Kansas Okla & Gulf Ry Co 3 5/8% 5/1/80


6,160.00


6,912.50


10,000


Long Island Lighting Co 3 3/8% 11/1/85


8,500.00


10,122.50


25,000


Michigan Bell Telephone Co Debenture 4 5/8% 8/1/96


25,625.00


25,093.75


10,000


Michigan Consolidated Gas Co 1st Mtg 3 1/2% 11/15/80


8,862.50


10,210.00


10,000


New York State Electric & Gas


8,537.50


10,268.95


20,000


New York Tel Co Ser 1 3 3/8% 4/1/96


16,200.00


20,100.77


12,000


Northern Pacific Ry Coll Tr 4% 10/1/84


11,280.00


11,940.00


6,000


Pacific Finance Corp Deb 3 1/2% 7/1/65


5,955.00


5,970.00


10,000


Pacific Gas & Elec Co 3 3/8% 12/1/87


8,250.00


10,129.60


25,000


Pacific Gas & Elec Co 4 5/8% 6/1/92


25,562.50


24,500.00


50,000


Pacific Gas & Elec Co 4 3/8% 6/1/94


49,375.00


50,481.25


10,000


Pacific Power & Light Co 3 3/8% 4/1/84


8,400.00


10,192.00


10,000


Pennsylvania RR Gen Mtg A 4 1/2% 6/1/65


10,056.25


10,026.00


10,000


Philadelphia Electric Co 3 1 /8% 4/1/85


8,250.00


10,008.25


25,000


Potomac Electric Power Co 4 1/2% 5/15/99


25,187.50


25,000.00


10,000


Public Service Electric & Gas Co Debenture 3 1/2% 10/1/75


9,000.00


10,354.00


Corp 3 3/8% 9/1/85


128


$ 30,000


Public Service Electric & Gas Co Deb 4 3/4% 9/1/90


$ 31,200.00


$ 31,125.00


30,000


Public Service Electric & Gas Co 4 3/8% 8/1/92 Rochester Gas & Elec Corp 4 7/8% 7/1/87


29,700.00


30,377.10


5,000


5,200.00


5,055.08


10,000


Southern New England Tel 3 1/4% 6/1/89


8,262.50


10,109.80


10,000


South Jersey Gas Co 4 1/8% 10/1/77


9,600.00


10,130.00


84,000


Southwestern Bell Tel 4 5/8% 8/1/95


86,625.00


85,097.88


15,000


Standard Oil Co Ohio Deb 4 1/4% 1/1/82


15,000.00


15,000.00


15,000


Sylvania Elec Products Inc Deb 4% 2/1/ 78


14,100.00


14,287.50


35,000


US Steel Corp 4 1/2% 4/15/86


35,350.00


34,825.00


25,000


Virginia Electric & Power Co 1st Ref Series P 4 5/8% 9/1/90


25,500.00


25,031.25


15,000


Virginia Electric & Power Co Series R 4 3/8% 5/1/93


14,737.50


15,093.75


10,000


West Penn Power Co 4 1/2% 3/1/92


10,000.00


10,200.00


10,000


West Virginia & Pittsburgh RR Co 1st Mtg 4% 4/1/90


8,500.00


9,300.00


Principal Cash


4,692.58


4,692.58


TOTAL PAR VALUE


TOTAL MARKET


BOOK


VALUE


VALUE


$1,208,000


$1,168,585.71


$1,218,997.53


SALES AND MATURITIES DURING 1964


$ 1,000


Gilchrist Company 4% 2/1/65 called 2/1/64 Standard-Thomson Corp Serial B 5% 9/1/67 called 4/16/64


9,180.00


15,000


Atlantic Coast Line RR General Mtg A 4 1/2% 6/1/64 Matured 6/1/64


15,000.00


3,000


Pacific Finance Corp Deb 3 1/2% 7/1/65 called 7/1/64


3,000.00


1,000


Consolidated Natural Gas 5% 9/1/82 called 9/1/64


1,016.70


PURCHASES DURING 1964


$25,000 Potomac Electric Power Co 4 1/2% 5/15/99


$25,000.00


During 1964 The Board of Commissioners of Trust Funds approved the following expenditures from the revenue of the Annie Storrs Hollis and Norton Eugene Hollis Fund:


Speech, art, and remedial reading equipment


$ 1,940.00


Library books for high school, junior high schools and elementary schools


14,500.00


Additional television equipment for East Junior High School Educational bus trips


3,089.00


4,000.00


Bus trip to Shakespeare Festival


412.00


129


TOTAL


$ 1,000.00


9,000


Sousaphone for Music Dept. of High School $ 400.00


Tape recorder, potters wheel and reading machine for remedial reading 1,940.00


Language laboratory units in Hollis Building (sophmore classes) and in the high school building (junior and senior classes)


Mathematics equipment at the high school


Science equipment for high school, junior high schools and elementary schools


10,000.00


Stenotype machines and instructional material for business department at high school 1,225.00


Preparation and costs incidental to Science Fair


250.00


Materials and supplies for Social Studies


150.00


Additional studio equipment for East Junior High School Television closed circuit


400.00


For assistance and cooperation given the Board during this past year we thank the various Town Officials and Committees.


ROBERT P. GRAY


ARTHUR L. WHITTEN


JOSEPH F. CONNOLLY


130


REPORT OF THE HOUSING AUTHORITY


At the March Town Meeting, the Housing Authority was asked to study the "Housing for the Elderly" program.


The Authority has met throughout the year formalizing plans to survey the need for this project.


In August the Authority accepted with regret, the resignation of Chairman Joseph Connolly, a member and officer for the past ten years.


In September, William Gustafson was elected chairman, William McRae Vice-Chairman, Charles J. Kane was appointed to the authority as a member, to fill the unexpired term left vacant by the resignation of Joseph Connolly.


As this report is being published, the Authority is currently mailing questionaires to all residents over 64 years of age, to survey the desirability of a "Housing for the Elderly" in Braintree.


The 1965 Town Meeting will again decide if Braintree's Senior Citizens are to be allowed low income housing, at no cost to the town. The housing is completely subsidized by the Commonwealth.


Respectfully submitted,


PAUL B. O'KEEFE, Secretary


DEPARTMENT OF VETERANS' SERVICES


The Department of Veterans' Services operates under Chapter 115 of the General Laws of the Commonwealth, as amended by Chapter 584 of the Acts of 1946.


During 1964 there were 105 applications for Veterans Benefits taken. Many of these were for temporary aid. The case load has increased approximately 5%. Medical, medication and hospital costs remained fairly stable. Dental and nursing home care showed an increase.


There were 50 applications taken for widow's pensions, service and non service connected pensions which were forwarded to the Veterans Administra- tion for processing. This service to veterans and widows will increase due to the curtailment of Veterans Administration itinerary contact offices.


Notary Public and photostatic services are available to veterans and their dependents without charge.


JAMES A. C. SMITH, Director


131


GRAVES REGISTRATION


There were sixty-one veteran burials in the cemeteries of Braintree during 1964. Markers and flags have been placed on each grave. At Memorial Day approximately 550 flags were placed on Veterans' graves.


Suitable markers can be obtained at no charge from the United States Government. Applications for such markers can be obtained at the Department of Veterans' Services, Room 28 in the Town Hall.


It is the duty of the Graves Registration Officer to see that all Veteran graves are properly cared for and marked. This has been done in accordance with Chapter 114, Section 46A of the General Laws of the Commonwealth, as amended.


JAMES A. C. SMITH Graves Registration Officer


REPORT OF WIRE INSPECTOR FOR THE YEAR 1964


ARTHUR F. LUCAS, Inspector


JOHN H. FRAZIER, Deputy


Permits issued in 1964


690


Number of inspections in 1964


1,854


Days in office 242


Fees collected January 1, 1964 through December 31, 1964 $4,703.25


132


REPORT OF THE BOARD OF ASSESSORS FOR 1964


J. Warren Cuff, Chairman


Calvin E. Young, Clerk Richard J. McNealy, Member


To the Citizens of Braintree:


The Board of Assessors met on March 3, 1964, and organized with Mr. J. Warren Cuff as Chairman. The tax rate was set on April 24, 1964, and ap- proved by the Department of Corporations and Taxation the same day.


With Braintree approaching a population of 35,000, and with the continued industrial and business development such as we have witnessed in the past years, it becomes imperative that a tax equalization program be started, and upon its completion a full time Assessor be employed. If a revaluation is made we will be able to maintain a fair and equitable tax assessment policy, and more business's may be encouraged to locate in the town which will help provide employment and assist in keeping a stable tax rate. Since assess- ments are the main source of funds that are appropriated at the Town Meeting for the operation of all Town Departments, it is important that the assessing department be better able to carry on its duties so that each taxpayer carry his share of the tax burden.


The Board offers its thanks to the citizens and officials of Braintree for their cooperation during the past year.


Respectfully submitted, CALVIN E. YOUNG, Clerk


THE FOLLOWING IS THE 1964 RECAPITULATION:


1964 RECAPITULATION Figures Used in Fixing Tax Rate G. L. Chap. 59: 23-25


All Appropriations Voted Since 1963 Tax Rate was Fixed $8,813,588.44 171,262.13 128,785.62


State Tax and Assessments


County: Tax and Assessments


Overlay of Current Year 268,590.95


Gross Amount to be Raised $9,382,227.14 Estimated Receipts 2,595,033.06 1,016,787.99 Available Funds Total Deductions 3,611,821.05


Net amount to be Raised by Taxation on Property


5,770,406.09


Valuations: Personal Estate: $2,356,475.00 @ $79.00 - $186,161.53 Real Estate: $70,686,640.00 @ $79.00 - $5,584,244.56


Total Taxes Levied on Property


$5,770,406.09


133


BRAINTREE TOWN FOREST COMMITTEE


January 15, 1965


Board of Selectmen Town of Braintree


Gentlemen:


The Braintree Town Forest Committee herewith submits its annual report for 1964.


Under the committee's supervision, the maintenance program of clearing underbrush and weed trees continued as it has in past years to the extent of the funds available.


Vandalism, always a problem in any public area that cannot be patrolled continuously, reached a new high in the Town Forest during 1964. The shelter built some years ago by the Girl Scouts for use in their summer day camp program was damaged beyond reasonable repair and had to be torn down.


Late in the summer a group of boys cut down some 60 trees in a three-acre area of the forest near the Highlands school. Police investigation provided the names of the offenders, who in lieu of a juvenile court appearance agreed to clean up the damaged area under the supervision of the Town Forest Commit- tee chairman. It is hoped this method of handling the matter will discourage future vandalism.


A sewer line is presently being laid through the Town Forest between Washington Street and the Wildwood Avenue area. Through consultation be- tween the Town Forest Committee and the Sewer Department, rules of pro- cedure have been set up for the contractor that will keep disturbance of the forest to a minimum.


The committee extends its appreciation to your board and to all other town boards and officials with whom it has had dealings for their cooperation during the year.


Respectfully submitted, HARRY C. LAKE DONALD C. WILDER JEANETTE MOHNKERN Town Forest Committee


HIGHWAY DEPARTMENT ANNUAL REPORT


Aaron P. Whitcomb, Superintendent


Maintenance


Street and sidewalks were cleaned throughout the Town The business centers were cleaned daily All catch basins were cleaned


Patching & Repairs


Town streets - sidewalks - fences and guard rails were repaired where needed.


134


Street Surfacing


Surface treated 58,168 lin. ft. Used 50,000 gals. of Liquid Asphalt Used approximately 1600 tons of sand


Street Signs


The department now has in use a Scotchlite 3'x4' sign face applicator All street signs - traffic - directional are now made by the Highway Dept The material used for these signs is reflectorized, which makes for better reading day or night




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