USA > Massachusetts > Essex County > Swampscott > Town annual report of Swampscott 1940 > Part 7
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618.19
Charles River Basin Loan Fund
2,488.12
Met. Parks Reservation
7,265.52
Nantasket Beach Maintenance
645.53
Boulevards
996.49
Wellington Bridge, Maintenance
21.77
Met. Planning Division
123.17
Veterans' Exemption
30.78
State Assessment Deficit 1939
.07
COUNTY ASSESSMENTS:
*County Tax
$34,461.53
Tuberculosis Hospital
9,976.46
TOWN APPROPRIATIONS:
(a) to be raised by taxation
$753,319.59
(b) to be taken from available funds
48.889.88
*Metropolitan water
33,745.89
Overlay deficit 1935 (Chap. 59, Sec. 23)
172.87
Overlay (of current year)
10,003.38
Total $960,839.24
* As estimated by the Commissioner of Corporations and Taxation.
Assets, Town of Swampscott, 1940
Property tax, valuation $23,868,602 @ $27.40 per $1,000 Available funds
48,889.88
Poll Taxes, No. of Polls 3606 @ $2.00 each 7,212.00
Estimated receipts (State Accounts)
99,356.79
Estimated receipts (Town Accounts)
151,377.50
Total Assets
$960,839.24
Real Estate Val. $22,664,771 Tax $621,018.10
$654,003.07
68
TOWN DOCUMENTS
[Dec. 31
Personal Val.
1,203,831
Tax 32,984.97
Total
$23,868,602
Tax $654,003.07
Estimated Receipts
TOWN:
Motor Vehicle Excise
$34,441.30
Licenses and Permits
4,533.00
Fines
136.20
Grants and Gifts
1,025.00
Special Assessments
12,300.00
General Government
631.32
Protection of Person and Property
366.74
Health and Sanitation
1,023.43
Charities
21,910.97
Soldiers' Benefits
402.30
Schools
1,769.89
Libraries
735.07
Recreation
562.35
Public Service Enterprises: Water
66,546.50
Interest on Taxes and Assessments
4,993.43
Total
$151,377.50
STATE:
*Income Tax
$55,843.20
*Corporation Taxes
4,958.17
*State Tax Over-estimate 1939
2,807.79
*Reimbursement on account of State owned land
3,161.32
*Gas Tax (Acts of 1939, Chapters 232 and 504)
32,586.31
Total
$99,356.79
* As estimated by the Commissioner of Corporations and Taxation.
Table of Aggregates
For the Town of Swampscott of polls, property and taxes as assessed January 1, 1940:
Number of persons, partnerships and corporations assessed on property
3,503
Number of polls assessed
3,606
Value of personal estate assessed
$1,203,831.00
Value of buildings excluding land
$15,868,686.00
Value of land excluding buildings
$6,796.085.00
Total value of real estate
$22,664,771.00
Total value of estates assessed
$23,868,602.00
Number of horses
3
Number of dwelling houses assessed
2,709
Taxes for State, County and Town Purposes
On personal estate On real estate On polls
$32,984.97
621,018.10
7,212.00
Total
$661,215.07
Rate of Tax per $1000
$27.40
FRANK E. MORRISON, CLARENCE B. HUMPHREY, JOHN A. HOLMES, Board of Assessors.
69
REPORT OF BOARD OF ASSESSORS
1940]
Statistics of the Town of Swampscott, 1896 - 1940
ASSESSORS' VALUATION
JANUARY 1.
Real
Personal
Total Valuation
Rate Taxes per $1,000
Year
Debt
1940
$22,664.771
$1,203,831
$23,868.602
$27.40
1941
$504,400.00
1939
22,486,182
1,223,968
23,710,150
26.00
1940
561,950.00
1938
22,200,540
1,221,031
23,421,571
25.00
1939
623,500.00
1937
22,009,175
1,225,488
23,234,623
26.40
1938
688,050.00
1936
21,989,840
1,251,017
23,240,857
27.00
1937
715,600.00
1935
22,135,642
1,240,657
23,376,299
29.30
1936
494,650.00
1934
22,257,887
1,215,044
23,472,931
27.00
1935
546,200.00
1933
22,405,423
1,248,975
23,654,398
24.40
1934
440,100.00
1932
22,543,462
1,276,099
23,819,561
26.40
1933
486,300.00
1931
22,523,651
1,168,246
23,691.897
25.50
1932
534,500.00
1930
22,239,452
1,013,203
23,252,655
24.00
1931
538,700.00
1929
21,592,351
1,016,761
22,609,112
24.00
1930
502,600.00
1928
20,977,277
1,862,029
22,839,306
24.00
1929
259,600.00
1927
20,417,314
1,877,468
22,294,782
26.00
1928
296,800.00
1926
19,584,208
1,648,254
21,232,462
28.00
1927
338,000.00
1925
17,870,147
1,643,644
19,513,791
26.00
1926
345,200.00
1924
17,088,098
1,546,498
18,634,596
25.00
1925
246,900.00
1923
16,157,425
1,526,754
17,684,179
26.00
1924
291,900.00
1922
15,321,512
1,414,422
16,735,934
25.00
1923
343,900.00
1921
14,226,510
1,391,298
15,617,808
24.00
1922
341,500.00
1920
14,007,916
1,316,938
15,324,854
23.00
1921
344,100.00
1919
12,771,170
1,179,422
13,950,592
20.00
1920
236,600.00
1918
12,619,556
1,110,776
13,730,332
20.00
1919
251,750.00
1917
12,141,321
1,000,682
13,142,300
20.00
1918
312,000.00
1916
11,532,432
4,928,181
16,460,513
20.00
1917
330,800.00
1915
10,810,305
5,028,193
15,838.498
17.80
1916
363,900.00
1914
10,508,225
3,531,119
14,039.344
16.80
1915
344,100.00
1913
10,028,325
3,174,590
13,202,915
16.40
1914
293,500.00
1912
9,413,525
2,974,381
12,387,906
16.00
1913
276,600.00
1911
9,050,850
2,771,167
11,822,017
15.00
1912
273,150.00
1910
8,489,200
2,698,340
11,187,540
15.00
1911
194,639.00
1909
7,675,905
2,450,021
10,125,926
16.00
1910
184,295.00
1908
7,312,165
2,680,490
9,992,655
16.00
1909
191,295.00
1907
7,099,090
2,317,468
9,317,468
14.50
1908
176,420.00
1906
6,303,625
2,093,820
8,397,445
14.50
1907
167.320.00
1905
6,030,185
2,117,442
8,147,627
14.50
1906
151,320.00
1904
5,489,121
2,206,172
7,695,293
12.90
1905
110.020.00
1903
5,135,124
1,286,981
6,422,105
11.50
1904
114,770.00
1902
4,762,665
1,744,874
6,507,539
12.00
1903
75,270.00
1901
4,668,985
1,598,745
6,267,730
12.00
1902
70,600.00
1900
4,446,900
1,138,275
5,585,175
11.00
1901
68,100.00
1899
4,200,175
1,199,045
5,399,220
11.50
1900
64,300.00
1898
4,135,582
1,318,591
5,454,173
14.00
1899
59,000.00
1897
3,997,975
1,304,163
5,302,138
12.00
1898
71,000.00
Net
Year
Estate
Property
70
TO BE RAISED BY RECEIPTS AND TAXES ON PROPERTY
Assets
1936 $114,912.08
1937 $127,232.28 49,251.77 6,178.00 613,226.41
1938 $146,967.14 67,575.92
1939 $133,910.92 150,338.03
1940 $184,187.79
Transfers
22,500.00
26,333.76
Poll taxes
.....
...
6,940.00
7,212.00
Property taxes
616,463.89
653,999.69
Totals
... ............
$771,377.22
$795,888.46
$806,324.33
$907,652.84
$871,733.24
APPROPRIATIONS FOR WATER DEPARTMENT OR MONEY RAISED ON BOND ISSUES NOT INCLUDED IN ABOVE FIGURES
Amounts bonded
$269,000.00
$33,000.00
$0.00
$0.00
$0.00
Value of buildings
15,208,975.00
15,209,270.00
15,370,310.00
15,690,127.00
15,868,686.00
Value of land
6,780,865.00
6,799,905.00
6,830,230.00
6,796,055.00
6,796,085.00
Value of personal property
1,251,017.00
1,225,448.00
1,221,031.00
1,223,968.00
1,203,831.00
Total valuations
23,240,857.00
23,234,623.00
23,421,571.00
23,710,150.00
23,868,602.00
Tax rate
27.00
26.40
25.00
26.00
27.40
Polls
...........................................................................
3,231
3,089
3,121
3,470
3,606
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TOWN DOCUMENTS
[Dec. 31
..
..... ...
6,462.00 627,503.14
6,242.00 585,539.27
Estimated receipts
1940]
RELATIVE STATISTICS CONCERNING APPROPRIATIONS AND VALUATIONS
Compiled by Board of Assessors -F. E. Morrison, C. B. Humphrey, J. A. Holmes.
Liabilities
1936
1937
1938
1939
Overdraft previous year
$43.67
$9,139.86
$8,055.17
$34,735.95
1940 $818.66
General government
43,324.00
42,943.00
60,628.64
52,662.72
55,844.00
Protection life and property
106,786.09
117,401.00
110,322.01
100,076.91
101,644.57
Health and Sanitation
33,989.50
40,019.00
34,575.00
59,407.50
51,593.70
Highways and Bridges
112,875.00
99,710.00
118,010.00
105,500.00
116,725.18
Charities and soldiers' relief
58,482.24
66,231.40
65,259.96
83,719.72
87,112.97
Education
187,772.00
199,297.00
197,397.00
198,683.00
199,850.00
Libraries
12,839.00
11,000.00
11,055.00
11,810.00
12,575.00
Recreation
17,034.00
16,384.00
15,128.00
26,010.75
25,122.00
Cemeteries
6,540.00
2,660.00
6,475.00
7,694.00
7,922.00
Unclassified ..
19,850.24
7,236.00
15,329.56
16,230.46
13,696.65
Maturing debt
41,050.00
53,538.43
45,050.00
57,050.00
56,050.00
Maturing debt interest
25,376.00
23,155.75
22,683.00
20,082.75
18,067.50
State Tax
36,900.00
42,435.00
29,040.00
65,340.00
58,080.00
State Assessments
14,672.41
14,758.88
15,605.54
15,737.56
12,189.64
County Tax
35,386.04
34,667.09
36,056.52
33,228.24
34,461.53
County Assessments
8,046.12
9,312.05
9,653.93
9,683.28
9,976.46
Overlay ..
..........
·
·
... .............
10,410.91
6,000.00
6,000.00
10,000.00
10,003.38
Totals
....
$771,377.22
$795,888.46
$806,324.33
$907,652.84
$871,733.24
.....
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REPORT OF BOARD OF ASSESSORS
Above figures represent moneys appropriated at Town Meetings.
71
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72
TOWN DOCUMENTS
[Dec. 31
In revising our filing systems, the original return of the Asses- sors reporting the military list for the year 1869 was found and deposited with the Town Librarian. We print it herewith as a matter of interest to the present generation.
BOARD OF ASSESSORS.
William W. Page
Edwin Morey
Israel A. Trask
Nathaniel W. Rich
David D. Proctor
Ivory Emons
Robert L. Fowler
John P. Knowlton
Mathias Kimber
Soloman Y. Atwood
William E. Haskell
Merritt E. Porter
Samuel A. Questrom
Milton D. Porter
Charles S. Patch
Henry D. Stone
James Bryson
Joseph S. Brown
William H. Chase
William Earp Charles Spinney
Nathan Cole Isaiah Cole
Horace M. Norton
George Fairbanks
Nathaniel Pierce
Samuel R. Parker
Samuel A. Lewis
Henry T. Tower
James O. Harding Freeman Howes
James P. M. Pitman
Christopher C. Howes
James Thomas
Whitfield A. Stubbs
Joseph F. Plummer
Alexander Pierce
Gustavus Bryant
Noah R. Newcomb
E. Taylor Rich
Daniel Rich
Ziba Eldridge
Stillman Brown
Edward Doane
Paul A. Rich
Charles E. Haskell
Joseph Holbrook
P. C. Porter
Otis Cahoon
John Thompson
Nathaniel Cahoon
William H. Collins
William Gardner
Charles A. Morris
Stephen D. Morris
Benjamin Franklin Smith
Patrick Carroll
Mark P. Proctor
John Griffin Thomas Carroll
Charles Thomas
Timothy Ryan
William H. Fletcher
John C. Wharf
James Lewis
Benjamin M. Childs
Oliver Y. Lewis
Edward Wilkins Samuel Atwood
Daniel Frazer
J. Bickford Watts
John W. Brooks
George Holden
Josiah Nickerson
Charles E. McElroy
Theodore L. Wilkins
James A. Mott, Jr.
E. T. Smith
William B. Chase
Frank Eldridge
Henry Thomas S. Frank Douglass
Chas. E. Smith
Edwin F. Wiley
Hesekiah Newcomb
John G. Twisden
Eben S. Martin, Jr.
Paine G. Kemp
William D. Brackett, Jr. Samuel B. Harding
John S. Higgins
Daniel F. Proctor
George H. Hobby
Benjamin S. Boynton Thomas P. Rich
J. Armstrong Story John Brimblecom Joseph F. Porter Aaron Ericson, Jr.
Edward A. Blanchard
J. Frank Mansfield Aaron R. Bunting Henry Durgin Lorenzo A. Story Charles Dunbrack
Gilbert Delano
A. Wharf
Rienzi Phillips
John Estes Freeman A. Baker
1940]
REPORT OF TREASURER
73
Walter Lowell D. H. Millett Warren T. Small William P. Blaney Richard Martin
Gilbert B. Wardwell Charles O. Galeucia
Francis C. Thing George Harris Charles E. Harris Andrew L. Harris Murry Blaney Charles O. B. Blaney
Thomas Pedrick
Nathaniel Galeucia
Daniel Atkins George Smith
Edward Marsh, Jr.
William C. Homan James Umber
Benjamin Pedrick
Michael Carroll
Alexander Noble
Joseph Horton
John N. Galeucia John Coan
Joseph Welsh Albert Galeucia
John D. Thurston
William Roberts
Charles Ellis
George W. Farrington
John McDonough Daniel Marshall
Benjamin F. Marshall
William Granger Reuben Carey
J. Kilby Woodbury Stephen Hammond Henry H. Kendrick
William H. Pickwell
Samuel P. Higgins James E. O. Nisbett John C. Caswell
Benjamin H. Phillips
David C. Hathaway Martin Nies John M. Krim Jacob Cooper George A. Horton
George W. Harding Benjamin Potter Everett Mudge Frederick O. Ellis Charles Rowell William H. Thomas George W. Phillips John R. Merritt John G. Stanley
Dudley H. Marshall John Mitchel John E. Mackentire Robert Harris John Colby Thomas A. McLellan
Beniamin Phillins William H. Phillips
John W. Chapman Wm. D. Rowe, Jr. Henry Q. Stimpson Edwin Stimpson Thomas J. Pray William R. Blaney
Moses Goodridge
Joseph A. Millett
Joseph W. Millett William Leger Charles Roderick
Lorenzo D. Woodbury
Charles A. Lewis
George Towns
Stephen Randall
Henry Small Seth D. Kendrick
John F. Martin Lewis Riggs Daniel Riggs John Haley William Martin
George Martin Alva O. Abbot Charles A. Haskell John A. Rogers E. E. Smith David Pierce William E. Newell Joseph Blaney, 2nd James E. Phillips Franklin Nickerson Samuel Myrick Henry Leger Jeremiah L. Horton Orlando R. Millett John T. Hanelford Daniel W. Fuller Elbridge G. Foster Y. Warren Brackett Martin V. B. Stone John Roberts Benjamin G. Ingalls Frank Ingalls Samuel O. Ingalls Joseph A. Ingalls Leonard P. Lewis Frederick Twisden Bartlett Shaw
Henry Nisbett William Johnson Richard Horton
John H. Treadwell Henry W. Wilson
William C. Stone
Isaiah Alden John Pedrick
74
TOWN DOCUMENTS [Dec. 31
John G. Phillips John Bowers, Jr. George Conner
James A. Austin Edward E. Adams
James E. Alger Austin H. Knowlton Leonard Blanchard
George Melzard Soloman W. Shaw Ira Bacon
George Horton, Jr.
Eben N. Wardwell
Horace Blanchard
Charles A. Torrey
GEORGE TOWNS, DANIEL H. MILLETT, JOSEPH STANLEY, Assessors of Swampscott. 1869 A.D.
Collector of Taxes
Malcolm F. MacLean, Jr., Collector of Taxes, in account with the Town of Swampscott
1940
Dr.
Real Estate taxes
$621,018.10
Personal taxes
32,984.97
Poll taxes
7,212.00
Moth assessments
1,421.50
Sewer assessments
2,319.16
Sidewalk assessments
1,421.00
Committed interest
512.12
Water liens
5,356.69
Excise taxes
44,063.69
Poll taxes (supplementary)
50.00
Real Estate taxes (supplementary)
1,091.21
Personal taxes (supplementary)
33.98
Tax on vessels
13.33
Poll tax fees
138.60
Interest on taxes at 4 per cent from October 1, 1940, to January 1, 1941
151.94
Interest on excise taxes
11.36
Unapportioned sidewalks
3,143.02
Unapportioned sewer (entrance fees)
150.00
$721,092.67
Cr.
Cash paid on moth assessments
$1,174.80
Cash paid on sewer assessments
1,693.19
Cash paid on poll taxes
6,440.00
Cash paid on Real Estate taxes
492,476.26
Cash paid on Special Warrant (vessels)
13.33
Cash paid on Excise taxes
40,478.23
Cash paid on interest on taxes from October 1, 1940, to January 1, 1941
151.94
Cash paid on interest on Excise taxes
11.36
Cash paid on Sidewalk assessments
1,095.36
Cash paid on Water liens.
1,965.16
Cash paid on Personal taxes
1
31,645.52
75
Cash paid on Poll Tax fees
138.60
Cash paid on Committed interest
380.96
Cash paid on Unapportioned sidewalks
469.86
Abatements on Poll taxes
520.00
Abatements on Real Estate taxes
10,492.78
Abatements on Personal taxes
115.77
Abatements on Excise taxes
1,795.10
Uncollected Moth assessments
246.70
Uncollected Poll taxes
302.00
Uncollected Real Estate taxes
119,140.27
Uncollected Personal taxes
1,257.66
Uncollected Sewer assessments
625.97
Uncollected Water liens
3,391.53
Uncollected Com. interest
131.16
Uncollected sidewalk assessments
325.64
Uncollected Excise taxes
1,790.36
Uncollected Unapportioned sewers (entrance fee)
150.00
Uncollected Unapportioned sidewalk
2,673.16
$721,092.67
MALCOLM F. MacLEAN, JR., Collector of Taxes.
Treasurer's Report
James W. Libby, Treasurer,
In account with the Town of Swampscott for the year ended December 31, 1940
Balance on hand, January 1, 1940
$83,789.76
RECEIPTS
Town Collector
$874.030.40
Commonwealth of Massachusetts
48,529.15
Temporary Loan Notes, issued in
Anticipation of Revenue: Notes discounted
400,000.00
Tax Titles Redeemed
18,142.15
Essex County, Dog Tax Refund
1,166.22
Town Clerk, Dog Licenses
1,450.20
Trust Funds Income:
Joanna Morse Library Fund
130.70
Ellen R. Whittle Library Fund
50.31
Mary L. Thomson Library Fund
25.15
Phillips Medal Fund
61.97
Emma Y. Stocker Cemetery Lot
11.31
Perpetual Care Cemetery Lots
7,956.00
Miscellaneous
388.32
$1,351,941.88
Total receipts
$1,435,731.64
Less:
Warrants paid
1,343,732.12
Balance, December 31, 1940
$91,999.52
1940]
REPORT OF TREASURER
76
TOWN DOCUMENTS
[Dec. 31
Bonds and Notes Payable
Issued Inside Debt Limit School Loans:
Palmer School Loan, 1922
(41/4 %)
$1,000.00
Schoolhouse Loan, 1925
(41/4 % )
20,000.00
Schoolhouse Loan, 1929
(4 1/2 %)
45,000.00
Total Schoolhouse debt outstanding
$66,000.00
Sewer Loans:
Sewerage Loan, 1917
(41/2 % )
$500.00
Sewerage Loan, 1926
(4%)
3,000.00
Sewerage Loan, 1928
(4%)
13,000.00
Sewerage Loan, 1929
(41/2 %)
57,000.00
Sewerage Loan, 1930
(4%)
42,000.00
Sewerage Loan, 1931
(4%)
32,000.00
Total Sewer Loans outstanding, issued inside debt limit
$147,500.00
Miscellaneous Loans:
Police Station Loan, 1937
(1 3/4 % )
$13,000.00
Sewer and Drain Loan, 1937
(1 3/4 % )
8,000.00
Essex Street Park Loan, 1912
(4%)
200.00
Stable and Vault Loan, 1929
(41/2 % )
9,000.00
Total Miscellaneous. Loans outstanding Total Loans outstanding, issued inside debt limit
$30,200.00
$243,700.00
Issued outside Debt Limit:
Essex County Tuberculosis Hospital Loan, 1925
(4%) $12,000.00
High School Addition, 1936
(2%)
213,000.00
Water Loans:
July 1, 1920, 17th Issue Acts of
1916
(51/4 %)
$5,000.00
August 1, 1922, 18th Issue Acts of
(41/4 % )
2,500.00
Total Water Loan Bonds and Notes outstanding
$7,500.00
Sewer Loans:
September 1, 1902, Series A-B-C-D Acts of 1902
(31/2 %)
$9,200.00
May 1, 1912, Acts of 1903
(4%)
1,000.00
August 1, 1921, Acts of 1920
(5%)
11,000.00
August 1, 1922, Acts of 1920
(414 %)
6,000.00
October 1, 1924, Acts of 1920
(4%)
1,000.00
Total Sewer Loan Bonds and Notes Outstanding issued outside Debt Limit
$28,200.00
Liabilities
General Debt Bonds and Notes Payable,
Issued Inside Debt Limit:
Due in 1941
$25,700.00
Due in 1942
23,000.00
Due in 1943
23,000.00
Due in 1944
22,000.00
Due in 1945
22,000.00
$225,000.00
1916
1940]
REPORT OF TREASURER
77
Issued Inside Debt Limit:
Due in 1946
$18,000.00
Due in 1947
17,000.00
Due in 1948
15,000.00
Due in 1949
15,000.00
Due in 1950
9,000.00
Due in 1951
9,000.00
Due in 1952
9,000.00
Due in 1953
9,000.00
Due in 1954
8,000.00
Due in 1955
5,000.00
Due in 1956
5,000.00
Due in 1957
3,000.00
Due in 1958
3,000.00
Due in 1959
3,000.00
$243,700.00
Issued Outside Debt Limit:
Due in 1941
$17,000.00
Due in 1942
17,000.00
Due in 1943
17,000.00
Due in 1944
17,000.00
Due in 1945
14,000.00
Due in 1946
13,000.00
Due in 1947
13,000.00
Due in 1948
13,000.00
Due in 1949
13,000.00
Due in 1950
13,000.00
Due in 1951
13,000.00
Due in 1952
13,000.00
Due in 1953
13,000.00
Due in 1954
13,000.00
Due in 1955
13,000.00
Due in 1956
13,000.00
$225,000.00
Sewer Loans, Issued Outside Debt Limit:
Due in 1941
$7,350.00
Due in 1942
6,350.00
Due in 1943
1,750.00
Due in 1944
1,750.00
Due in 1945
1,500.00
Due in 1946
1,500.00
Due in 1947
1,500.00
Due in 1948
1,500.00
Due in 1949
1,500.00
Due in 1950
1,500.00
Due in 1951
1,500.00
Due in 1952
500.00
$28,200.00
Water Loans, Issued Outside Debt Limit:
Due in 1941
$1,500.00
Due in 1942
1,500.00
Due in 1943
1,500.00
Due in 1944
1,500.00
Due in 1945
1,500.00
$7,500.00
78
TREASURER'S REPORT Principal and Interest Due in 1941
GENERAL DEBT
TOTAL
Inside Debt Limit Principal
Interest
Principal
Interest
Interest
WATER LOANS Outside Debt Limit Principal
Interest
Principal
Interest
'January
...
..............
.......
......
.....
....
$1,031.25
February
2,778.75
$14,000.00
$2,130.00
$402.44
53.10
$14,000.00
5,364.29
March
... ..
..
...
...
.........
..................
.................
..................
...
161.00
April
$2,000.00
1,065.00
3,000.00
240.00
20.00
5,000.00
1,325.00
May
200.00
187.75
...
.....
................ ..
$250.00
20.00
450.00
207.75
June
500.00
11.25
.....
..... ...
..................
...
..................
...
..
...
...
1,990.00
1,500.00
402.56
500.00
53.15
13,000.00
5,224.46
September ........
...
.....
.......
4,600.00
161.00
4,600.00
161.00
October
4,000.00
1.025.00
180.00
1,000.00
20.00
5,000.00
1,225.00
November
4,000.00
183.75
4,000.00
198.75
December
....
..................
....
..................
...
.... ...........
Total of Principal
..
$25,700.00
$17,000.00
.....
$7,350.00
$1,500.00
..... .......
$51,550.00
...
Total of Interest ...
...
.....
...
$9,830.25
$4,540.00
$1,202.00
..... .....
...
$368.75
...
$15,941.00
...
.....
....
.....
..
....
.....
..
......
..
..
.....
500.00
11.25
July
4,000.00
900.00
$1,000.00
131.25
...
...
1,031.25
August
11,000.00
2,778.75
....
..
..
..
........
.............
...
15.00
..
..................
TOWN DOCUMENTS
.......
....
...
..
.................
..
..
.....
.......
.....
$900.00
Outside Debt Limit
SEWER LOANS Outside Debt Limit Principal
$131.25
...
..
161.00
..................
..................
[Dec. 31
79
REPORT OF TREASURER
1940]
Temporary Loan Notes Issued in Anticipation of Revenue
No. Date Payable at Rate When Payable
Amount
633 Dec. 11, 1940
Security Trust Co., Lynn 0.04%
Nov. 10, 1941
.$25,000.00
634 Dec. 11, 1940
Security Trust Co., Lynn 0.04% Nov. 10, 1941
25,000.00
635
Dec. 11, 1940
Security Trust Co., Lynn 0.04%
Nov. 10, 1941
25,000.00
636
Dec. 11, 1940 Security Trust Co., Lynn 0.04%
Nov. 10, 1941
25,000.00
$100,000.00
Town Debt December 31, 1940
General Debt Bonds and Notes:
Inside Debt Limit Issues
$243,700.00
Outside Debt Limit Issues
225,000.00
Sewer Loan Bonds and Notes
28,200.00
Water Loan Bonds and Notes
7,500.00
Total Debt
$504,400.00
General Debt Statement Indicating Borrowing Capacity as of December 31, 1940
Valuation 1938, less abatements
$24,199,789.00
Valuation 1939, less abatements
24,286,346.00
Valuation 1940, less abatements
24,630,732.00
Gross three years' valuation Average valuation
$73,116,867.00 24,338,955.00
Three per cent of average valuation Less:
$730,168.00
Bonds and Notes issued within the debt limit
243,700.00
Borrowing Capacity $486,468.00
Respectfully submitted,
JAMES W. LIBBY, Town Treasurer.
80
TOWN DOCUMENTS
[Dec. 31
Trust Funds
Joanna Morse Library Fund Balance, January 1, 1940 Principal Income accrued, 1940
$5,196.00 130.70
Less withdrawals
Balance, December 31, 1940
$5,196.00
Ellen R. Whittle Library Fund
$2,000.00
Principal, January 1, 1940 Income accrued, 1940
50.31
$2,050.31
Less withdrawals
50.31
Balance, December 31, 1940
$2,000.00
Mary L. Thomson Library Fund Balance, January 1, 1940 Principal Income accrued, 1940
$1,000.00 25.15
$1,025.15
Less withdrawals
25.15
Balance, December 31, 1940
$1,000.00
Fund for Perpetual Care of Cemetery Lots Balance, January 1, 1940 Deposits
$15,830.75 2,080.00
Dividends, 1940
$17,910.75 318.19
$18,228.94
Less withdrawals
7,956.00
Balance, December 31, 1940
$10,272.94
Municipal Insurance Fund Balance, January 1, 1940 Dividends, 1940
221.78
Balance, December 31, 1940
$9,038.33
Phillips School Medal Fund Balance, January 1, 1940 Principal Income accrued
$1,000.00
1,759.62
$2,759.62
Dividends, 1940
58.57
$2,818.19
Less withdrawals for medals
61.97
Balance, December 31, 1940
$2,756.22
Emma Y. Stocker Cemetery Lot Trust Fund Balance, January 1, 1940 Income accrued, 1940
$511.31 10.05
$521.36
Less withdrawals
11.31
Balance, December 31, 1940
$510.05
$5,326.70 130.70
$8,816.55
81
REPORT OF TREASURER
1940]
High School Alumni Fund (see note)
Balance, January 1, 1940 Dividends, 1940
$4,448.66 88.41
Total
$4,537.07
Less:
Withdrawal, payment made on account of Scholarship awarded by Executive Committee of High School Alumni Association $100.00
-
Balance, December 31, 1940 $4,437.07
NOTE-This is not a Town of Swampscott trust fund as defined by Chapter 282 of the General Acts of 1915, but is held by the Town Treasurer as Trustee for the Swampscott High School Alumni. It is included in this report in order that the members of the High School Alumni may be kept informed of its existence.
Respectfully submitted,
JAMES W. LIBBY, Town Treasurer.
Treasurer of Trust Funds and Custodian of all funds and securities, as provided for by Chapter 282 of the General Acts of 1915.
HENRY S. BALDWIN, CONRAD P. RICHARDSON, JAMES W. LIBBY, Trust Fund Commissioners.
82
: TOWN DOCUMENTS
[Dec. 31
Accounting Department THE TOWN ACCOUNTANT
To the Board of Selectmen:
In accordance with the provisions of Chapter 41 of the General Laws, I herewith submit the following report of the Accounting Department for the year ending December 31, 1940:
RECEIPTS
Taxes®
1938 Real Estate
1938 Poll
$2,520.70 2.00
$2,522.70
1939 Real Estate
$106,300.95
1939 Poll
150.00
1939 Personal
1,809.79
108,260.74
1940 Real Estate
$492,476.26
1940 Poll
6,440.00
1940 Personal
31,632.19
530,548.45
Poll Taxes Pd. After
Abatement
$4.00
4.00
Tax Titles
16,501.24
16,501.24
$657,837.13
Income Tax
$56,380.13
Business Corp. Taxes
3,327.69
Corp. Tax Elec. Lt. & Water
3,161.32
Highway Chapter 504
32,586.31
$95,455.45
95,455.43
Licenses and Permits
Alcohol
$10.00
Auctioneer
8.00
Beer
33.00
Bowling
2.00
Common Victualers
26.00
Dealers
150.00
Elevator
6.50
Express
5.00
Explosives
2.50
Grease
2.00
Ice Cream
17.50
Innholders
20.00
Junk
150.00
Liquor
2,126.50
Massage
1.00
Non-Alcohol
20.00
Oleo
2.50
Overhanging Sign
10.00
Pool
2.00
Pedlar
45.00
Signs
3.00
Dealers Milk
17.00
Store Milk
24.50
Amount carried forward
$753,292.58
1940]
Amount brought forward
$753,292.58
Sunday
4.00
Taxi
6.00
Used Car
25.00
:
2,719.00
2,719.00
Fines and Forfeits
Court Fines
$163:40
163.40
163.40
Grants and Gifts
Dog Licenses from County
$1,166.22
Humphrey St. Chap. 90
From State and County
3,440.00
Accounts Received O. A. A. From Individuals
6,934.25
U. S. Grant O. A. A. Admin.
930.31
U. S. Grant O. A. A. Assist.
27,663.72
U. S. Grant Admin. A. D. C.
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