USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1959 > Part 20
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50.31
1.40
51.71
46.40
1.26
47.66
99.37
4.70
165.92
August
50.32
11.22
61.54
47.28
1.14
.34
48.76
110.30
4.89
161.31
September
52.64
.44
53.08
46.66
.15
2.11
48.92
102.00
5.05
164.20
October
51.35
.94
52.29
44.94
.58
2.35
47.87
100.16
3.41
163.25
November
49.46
.66
50.12
37.23
3.74
40.97
91.09
3.37
162.75
December
50.89
50.89
34.52
4.57
39.09
89.98
4.21
163.33
Totals
542.13
80.44
622.57
470.30
17.61
60.71
551.62
1174.19
Average 1959
1.483
1.706
1.296
.04
1.511
164.13
Average 1958
1.507
1.690
1.230
06
1.433
164.07
Average Day 1959
3.217
-
3.123
4.81
On Max. Day 5-28
4.668
On Min. Day 6-20
2.418
On Max. Week 8-14-8-20
28,493
-
Station
237
Month
Gravity
Station
Average Day 1958
TABLE III - TREATMENT FOR 1959 FILTER PLANT
Average Color
Average P. H.
Alum Coag.
Soda Ash Coagulant
Soda Ash Corrective
Chlorine
Calgon
Chemical
Month 1959
Raw Water
Final Effluent
Raw Water
Final Effluent
Hundred Pounds
Hundred Pounds
Hundred Pounds
Pounds
Pounds
Cost Per
Million Gallons
Total Consumption
Average
Water Temperature
January
60
0
5.4
7.9
237
118
186
242
825
16.94
37
February
60
0
5.3
8.0
179
96
144
225
700
17.51
37
March
60
5
5.7
8.2
184
90
135
229
820
16.74
31
April
60
5
5.9
8.2
145
63
102
224
875
13.83
48
May
60
5
5.9
8.1
194
90
152
260
865
14.11
61
June
74
0
5.7
8.1
228
108
156
263
885
16.26
70
July
74
5
5.7
8.1
315
153
178
271
935
17.71
75
August
124
5
5.6
8.1
391
175
216
246
840
21.31
76
September
110
5
5.8
8.2
319
147
181
246
880
17.43
72
October
109
0
5.9
8.0
301
140
172
236
855
16.97
60
November
83
0
5.8
8.0
252
119
153
233
860
15.80
46
December
73
5
5.8
7.8
278
128
150
244
878
16.77
38
Totals
972
35
68.5
96.7
3023
1431
925
2919
10218
-
657
Ave. Day 1959
81
3
5.7
8.0
8.28
3.92
5.27
8.00
28.0
16.99
55
Ave. Day 1958
54
0
5.4
7.6
6.57
3.45
4.05
7.70
28.7
13.65
53
238
TABLE IV NEW MAINS INSTALLED-1959
Cement Lined
Pipe
W. I.
C. I.
Tyton
C. I.
Tyton
C. I.
C. I.
Tyton
C. I.
Transite
Street
2
4
6
8
8
10
12
12
14
4
6
8
Location
Alta Rd.
45
546
off Veronica Lane
Babcock Ave.
5
Bridge St.
10
2143
Bradley Rd.
1217
36
Bayside Ave.
193
Cedar St.
176
Edith Road
109
Essex St.
132
Essex St.
6
Ford Rd.
52
Go. Winthrop Lane
43
743
Green St.
108
306
Green St.
8
16
Griffin Terrace
78
Hawkins St.
off Commercial St.
Hyde St.
182
Iron Hill St. Jay Rd.
27
212
Keating Circle
434
Klasson Lane
34
335
Liberty St.
16
Liberty St.
7
72
near No. 68 Babcock Ave. from Birchbrow to Monatiquot St. from Lovell St. to Great Hill Standpipe off Willow Ave. from Veronica Lane to Deadend
239
off Hinston Road from No. 466 Essex St. to No. 472 Essex St. at Commercial St. off Holly Hill Circle
off Pond St. John F. Mc at Seabury St. from No. 40 Griffin Terrace to Deadend
8
243
off Commercial St. off Pleasant St. off Forest St. from Roberts Drive off Spring St. at Wainwright St. at Campbell St.
TABLE IV. (Continued) NEW MAINS INSTALLED-1959
Street
2
4
6
8
8
10
12
12
14
4
6
8
Location
Liberty St.
6
-
Liberty St.
2900
Main St.
272
140
Main St.
9
Mt. Vernon West
615
from No. 104 Mt. Vernon West to Deadend
Neck St.
10
Newbert Ave.
98
North St.
12
Oak St.
447
Oakcliff Rd.
25
Patricia Lane
10
21
129 1223
Pleasant St.
6
Putnam St.
Randolph St. Sawyer Rd. Shawmut St. Off St. Margaret St.
Summer St.
2
10
1817
Union St.
4
Vine St.
10
Washington St.
101
Wessagusset Rd.
5
Wessagusset Rd.
6
Weyham Rd.
10
Winstead Rd.
48
270
Witawaumet Rd.
11
8
1106
Wright St.
85
-
Totals
163
108 3091 2955
280
443 1817 3360
140
482 2420 2365
at French St. off Union St. near Expressway near No. 186 Main St.
near No. 61 Neck St. from No. 76 Newbert Ave. to Deadend
at No. 412 North St. off Ralph Talbot St. off Westminster Rd. off Thicket St. near No. 247 Pleasant St. from Commercial St. near No. 45 Randolph St. off Lane Ave. at No. 73 Shawmut St.
off No. 22 St. Margaret St. from Progress St. to No. 364 Summer St. at Liberty St. near Washington St. at No. 625 Washington St. at North St. near No. 229 Wessagusset Rd. at No. 26 Weyham Rd. off Hinston Rd. from Wessagusset Rd. to Wadoga Rd. off White St.
240
9
171
265
13
208
TABLE IV-A GATES AND HYDRANTS INSTALLED-1959
Gates - Inches
Hydrants
Street
2
4
.6
8
10
12
14
Location
Alta Rd. Babcock St. Bayside Ave. Bradley Rd. Bridge Street
1
1
1
1
2
-
at Willow Ave. off Lovell St.
Essex St.
between Birchbrow Ave. and Monatiquot Ave. near Commercial St.
Essex St. Essex St.
1
near No. 472 Essex St.
Front St.
4
1
1
3
1
off No. 186 Green St. near No. 40 Griffin Terrace
Hawkins St.
1
1
Hyde St.
near No. 35 Hyde St.
Iron Hill St.
1
1
at Pleasant St.
Jay Rd.
1
Keating Circle
1
1
1
2
1
Liberty St.
1
Liberty St.
3
-
-
...
at Campbell St. at French St. off Union St.
Main St.
1
3
2
near Expressway
1
near No. 182 Essex St. between Washington and Broad Sts.
at Seabury St.
Green St. Green St. Griffin Terrace Gov. Winthrop Lane
1
1
1
off Pond St. off Commercial St.
1
off Forest St. at Roberts Drive off Spring St. at Wainwright St.
Klasson Lane Liberty St. Liberty St.
3
1
4
1
1 near No. 65 Alta Rd. near No. 68 Babcock St.
241
TABLE IV-A (Continued) GATES AND HYDRANTS INSTALLED-1959 HYDRANTS
GATES - INCHES
Street
2
4
6
8
10
12
16
Location
Main St.
1 at No. 186 Union St.
Mamie Rd.
1
near No. 48 Mamie Rd.
Middle St.
near No. 1016 Middle St.
Mt. Vernon West
1
near No. 104 Mt. Vernon West
Neck St.
1
1
near No. 61 Neck St.
Newbert Ave.
1
at end of Newbert Ave.
North St.
1
Oak St.
2
off Ralph Talbot St.
Oakcliff Rd.
2
1
2
Patricia Lane
3
1
2
Pleasant St.
1
near No. 247 Pleasant St.
Randolph St.
1
1
near No. 45 Randolph St. at Lane Ave.
Sherwood Rd.
1
at No. 28 Sherwood Rd.
St. Margaret St.
1
off No. 22 St. Margaret St.
Summer St.
1
1
2
near Expressway
Swan Ave.
1
near No. 30 Swan Ave.
Union St.
1
1
at Liberty St.
Vine St.
1
near Washington St.
Washington St.
1
1
-
1
1
near Willow Ave.
Wessagusset Rd.
1
near No. 229 Wessagusset Rd.
West St.
1
Weyham Rd.
1
Witawaumet Rd.
1
1
near No. 37 Witawaumet Rd.
Totals
2
1
54
10
4
8
2
16
-
1
-
off Westminster Rd. off Thicket St.
Sawyer Rd.
1
Wessagusset Rd.
at No. 625 Washington St. at North St.
Wessagusset Rd.
near No. 172 West St. at No. 26 Weyham Rd.
1
at No. 412 North St.
242
TABLE REPLACEMENT OF MAINS - 1959
Mains
Gates
Taken Out
Installed
Location
Size - Inches
Kind
Feet
Size - Inches
Kind
Feet
Taken Out
Installed
Beecher St.
2
Steel
43
2
C. L.
43
1
1
off 120 Birchbrow Ave.
11%
Steel
365
11%
Steel
365
-
-
Cedar St.
2
Steel
200
6
Tyton
200
1
1
Edith St.
2
C. L.
219
6
Tyton
219
1
1
Hawkins St.
11%
Steel
254
6
Tyton
254
1
1
Oakcliff Road
2
Steel
793
8
Tyton
793
1
1
Parker Rd.
2
Steel
15
2
C. L.
15
1
1
Puritan Rd.
2
Steel
524
4
Transite
524
1
1
Quarry Ave.
1
Steel
123
2
C. L.
123
Wessagusset Rd.
2
Steel
639
8
Tyton
597
6
Tyton
42
2
2
Winstead Rd.
114
Steel
150
6
C. L.
48
-
4
Transite
102
1
1
Totals
3225
3325
10
10
243
TABLE VI
DISTRIBUTION PIPE AND GATES IN USE DECEMBER 31, 1959
Size - Inches
Copper
Steel
Lead Lined
Transite
Cast Iron
Cast Iron
Universal
Cement
Lined
Cement
Lined
Tyton
Gates
20
285
1
18
2090
1
16
4
14
22555
140
16
12
48158
52327
3360
140
10
49362
9939
502
95
8
23726
59184
44912
2611
237
6
100
64900 284337
1958
66851
5349
1125
4
3173
21896
751
804
55
3
112
-
-
-
2
280
44526
384
6671
12690
112
11%
941
17871
939
32
11/4
370
5995
1
6416
453
-
Totals
1703
74908
384
91799 494538
2709 191934
11822
1818
-
-
-
-
-
-
-
-
244
-
2879
TABLE VII
DEPARTMENT OF PUBLIC HEALTH Parts Per Million
1959 Weymouth Water Analysis
The Commonwealth of Massachusetts
Appearance
Amonia
Sample Number
Date of Collection
Turbidity
Color
Free
Total
Albuminoid
Nitrogen as
Nitrates
Chlorides
Hardness
Alkalinity
P. H.
Iron
245
430477
April
22
8
90
.184
236
14
2
5.9
Raw Water
432642
Aug.
19
8
140
140
.400
10
2
5.8
Raw Water
434627
Dec.
15
12
90
300
.300
16
1
6.3
Raw Water
430478
April
22
6
32
.216
.212
18
2
5.5
Coagulated Water
432644
Aug.
19
0
12
084
.120
12
2
5.9
Coagulated Water
434628
Dec.
15
4
20
.300
.300
14
1
5.5
Coagulated Water
430479
April
22
0
10
.072
188
18
17
7.3
-
Final Effluent
432644
Aug.
19
0
12
.084
.120
12
22
7.8
-
Final Effluent
434629
Dec.
15
0
7
.148
.180
14
16
7.1
-
Final Effluent
430480
April
22
0
10
20
14
36
127
8.5
.01
Circuit Ave. Station
432676
Aug.
20
0
10
16
40
107
7.2
.01
Circuit Ave. Station
430480
Aug.
22
0
0
1.2
14
46
94
6.5
.01
Main Street Station
432677
Aug.
20
0
0
-
-
20
44
117
6.8
.05
Main Street Station
Location of
Sample Taken
-
1959 REPORT OF THE TOWN ACCOUNTANT WATER DEPARTMENT
January 22, 1960
To the Board of Public Works:
Gentlemen:
Herewith is submitted the fifty-eighth annual report of the Account- ing Department for the year ending December 31, 1959.
WARREN F. ROULSTON Town Accountant
WATER DEPARTMENT STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDING DECEMBER 31, 1959
RECEIPTS
Water Rates
$336,527.23
Water Liens
26,821.31
Water - New Services
17,828.98
Water - Private Work
21,591.14
South Weymouth Savings Bank - Interest
3,316.39
Weymouth Savings Bank - Interest
3,672.83
Refunds
166.43
Water Construction Deposits
21,322.70
Loan - Development of Wells Whitman's Pond
90,000.00
Premium on Water Loan
72.00
Accrued Interest on Water Loan
344.00
Sale of Gravel
243.00
Total
$521,906.01
Cash on hand January 1, 1959
348,141.12
Total
$870,047.13
Less Warrents Paid in 1959
586,481.13
Cash on hand December 31, 1959
$283,566.00
Analysis of Treasurer's Cash:
South Shore National Bank
Less Outstanding Checks
$66,687.71 24,261.05
$ 42,426.66
Weymouth Savings Bank
111,588.42
South Weymouth Savings Bank
97,248.77
Second Bank-State Street Trust Co.
32,077.15
Cash in Treasurer's Office
225.00
$283,566.00
246
PAYMENTS
Water Mains
- 1957:
Labor
$ 1,856.46
All Other
11,248.44
Transfers - Equipment
781.83
Stock
6,534.16
$ 20,420.89
Water Mains - 1958 :
Labor
1,106.76
All Other
17,663.28
Transfers - Equipment
486.21
Stock
5,743.75
25,000.00
Water Mains - 1959
Labor
624.60
All Other
1,694,50
Transfers - Equipment
305.74
Stock
2,568.02
5,192.86
Water Construction Loan - 1956 (Mains and Standpipe)
Labor
755.55
All Other
11,457.43
Transfers - Equipment
115.67
Stock
2,591.02
14,919.67
Water Construction Loan - 1958:
Labor
1,125.38
All Other
74,981.34
Transfers - Equipment
139.26
Stock
4,211.28
80,457.26
Water Construction Loan - 1959:
(Development of Well Fields Whitman's Pond)
Labor
206.58
All Other
30,430.60
Transfers - Equipment
58.19
Stock
53.46
30,748.83
Minor Construction :
New Meters:
Labor
$ 396.59
All Other
5,426.90
Transfers - Equipment
112.41
Stock
46.63
5,982.50
Miscellaneous :
Labor
4,870.07
All Other
5,799.56
Transfers - Equipment
1,137.13
Stock
6,400.93
18,207.69
24,190.22
247
New Services: Labor All Other Transfers - Equipment
$5,038.14
1,518.20
3,054.63
Stock
8,276.30
$17.887.27
Maintenance and Operation :
Distribution :
Labor
$70,909.94
Engineering
1,054.87
All Other
4,152.94
Transfers - Equipment
11,729.83
Stock
6,101.59
93,949.17
Care of Meters:
Labor
6,781.80
All Other
3,256.93
Transfers - Equipment
696.94
Stock
72.53
10,808.20
Hollis Street Garage:
Labor
366.36
All Other
7,273.42
Transfers - Equipment
27.49
Stock
.40
7,667.67
Circuit Avenue Station :
Labor
1,261.60
All Other
2,426.16
Transfers - Equipment
64.10
3,751.86
Filter Plant Operation:
Labor
21,006.00
Fuel
1,746.29
Light
17,883.45
Chemicals
20,450.36
All Other
7,603.41
Transfers - Equipment
659.66
Stock
8.23
69,357.40
Grounds and Buildings:
Labor
5,264.27
All Other
1,263.34
Transfers - Equipment
346.41
Stock
4.91
6,878.93
Water Shed:
Labor
769.00
All Other
68.44
Transfers - Equipment
92.07
929.51
248
Main Street Station: Labor All Other Transfers - Equipment
1,224.11
2,978.37
67.96
4,270.44
197,613.18
Replacements :
Labor All Other
747.93
Transfers - Equipment
4,338.88
Stock
6,902.14
$ 20,151.55
Commercial Expenses :'
Salaries
32,183.52
Stationery and Postage
3,479.25
All Other
2,204.54
Transfers - Equipment
162.50
38,029.81
Development of Wells - 1958:
Labor
121.80
All Other
453.03
Transfers - Equipment
3.65
578.48
Interest
13,560.00
Debt Retirement
55,000.00
Private Work:
Labor
5,091.52
Transfers - Equipment
1,886.26
Stock
11,028.84
18,006.62
Equipment Account :
Labor
2,415.15
All Other
33,368.30
35,783.45
Stock Account:
Labor
4,544.25
All Other
47,542.70
Transfers - Equipment
292.31
52,379.26
$649,919.35
STATEMENT OF APPROPRIATIONS AND EXPENDITURES
Appropriation Acounts :
Balances from 1958 Accounts:
Improvements - Pumping Station 1957
$ 11,062.83
Filter Plant Improvements - 1950
11,492.10
Water Mains - 1957
20,420.89
Water Mains - 1958
25,000.00
Water Mains & Standpipe Loan of 1956
14,919.67
Development of Wells
578.48
Water Construction Loan of 1958
100,000.00
Purchase Land on Pond
2,375.77
Equipment Account
30,066.50
Stock Account
16,354.76
249
$ 8,162.60
Appropriations - March 2, 1959 From Revenue From General Fund
398,809.00 75,000.00
Transfer Credits:
Equipment Account
26,559.13
Stock Account
60,544.19
Bond Issue - 1959
90,000.00
Accrued Interest
344.00
$883,527.32
Expended :
Water Mains - 1957
20,420.89
Water Mains
- 1958
25,000.00
Water Mains - . 1959
5,192.86
Water Mains & Standpipe Loan of 1956
14,919.67
Development of Wells
578.48
Water Construction Loan of 1958
80,457.26
Well Development-Whitmans Pond (1959 Loan)
30,748.83
Minor Construction
24,190.22
New Services
17,887.27
Maintenance and Operation
197,613.18
Replacements
20,151.55
Commercial Expenses
38,029.81
Interest
13,560.00
Debt Retirement
55,000.00
Private Work
18,006.62
Equipment Account
35,783.45
Stock Account
52,379.26
649,919.35
Balance Unexpended
$233,607.97
Balances to Revenue
24,714.35
Balances to 1960 Accounts
208,893.62
$233,607.97
Balances to 1960 Accounts:
Improvements - Pumping Station - 1957
11,062.83
Filter Plant Improvements - 1950
11,492.10
Water Mains-1959
19,807.14
Land-Well Location-Off Pleasant Street
20,000.00
Purchase Land-Winter Street for Wells
20,000.00
Water Construction Loan-1958
19,542.74
Well Development-Whitman's Pond-Loan 1959
59,251.17
Purchase Land on Pond
2,375.77
Equipment Account
20,842.18
Stock Account
24,519.69
$208,893.62
250
WATER DEPARTMENT
BALANCE SHEET ASSETS
DECEMBER 31, 1959 LIABILITIES
Treasurer's Cash
$283,566.00
Water Construction Deposits
$
1,544.58
Accounts Receivable :
Unexpended Appropriation Balances:
Water-Rates
$69,039.82
Improvements :
New Services
421.41
Pumping Station-1957
$11,062.83
Private Work
1,296.81
Filter Plant Improvements-1950
11,492.10
Water Mains-1959
19,807.14
Liens-1958
365.25
Liens-1959
2,838.34
73,961.63
Off Pleasant Street
20,000.00
Purchase Land-
Winter Street for Wells
20,000.00
Water Construction Loan-1958
19,542.74
Well Development-Whitman's Pond
59,251.17
Purchase Land on Pond
2,375.77
Equipment Account
20,842.18
Stock Account
21,519.68
208,893.52
Revenue Reserved Until Collected Surplus Revenue (E & D)
73,961.63
73,009.56
72.00
Premium on Water Loan Unclaimed Checks 46.24
$357,527.63
$357,527.63
-- -
Land-Well Location-
251
WATER DEBT ACCOUNT
Net Water Debt
$537,000.00 Water Loan-August 1, 1948
$ 40,000.00
Water Loan-April 1, 1950
18,000.00
Water Loan-October 1, 1951
44,000.00
Water Loan-May 15, 1954
100,000.00
Water Loan-November 1, 1956
155,000.00
Water Loan-November 1, 1958
90,000.00
Water Loan-April 1, 1959
90,000.00
$537,000.00
$537,000.00
WARREN F. ROULSTON Town Accountant
252
1959 REPORT OF THE TREASURER OF THE WATER DEPARTMENT
RECEIPTS
Water Rents
$336,527.23
New Services
17,828.98
Private Account
21,591.14
Water Liens
26,011.32
Construction Deposits
21,322.70
Savings Bank Interest
6,989.22
Refund of Mass. Gasoline Excise Tax
166.43
Sale of Gravel
243.00
Water Loan
90,416.00
$521,096.02
Cash on hand January 1, 1959
348,141.12
$869,237.14
PAYMENTS
Paid on Selectmen's Warrants for:
Notes and Bonds
$ 55,000.00
Sundry Appropriations
$531,481.13
Less Real Estate Collected as
Water Liens
809.99
530,671.14
Total Warrants Paid
$585.671.14
TREASURER'S CASH
On Deposit at Second Bank-State Street Trust Co.
$ 32,077.15
On Deposit at South Shore National Bank
42,426.66
On Deposit at South Weymouth Savings Bank
97,248.77
On Deposit at Weymouth Savings Bank
111,588.42
Petty Cash Drawers
225.00
Total Funds December 31, 1959
$283,566.00
WATER FUNDS
Amount Due for Water Rents
$ 69,039.82
Amount Due for Private
1,296.81
Amount Due for New Services
421.41
Cash on hand December 31, 1959
283,566.00
$354,324.04
Deposit Second Bank-State Street Trust Co.
$ 32,077.15
Deposit Weymouth Savings Bank
111,588.42
Deposit South Weymouth Savings Bank
97,248.77
253
$ 70,758.04
Deposit So. Shore National Checking Account Petty Cash Drawer
42,426.66 225.00
Water Rents, New Services and Private Accounts Receivable
70,758.04
$354,324.04
=
TOTAL WATER LIABILITIES JANUARY 1, 1960
Construction Loan August 1, 1948-63 Incl.
$ 40,000.00
Additional Water Supply April 1, 1950-65
18,000.00
Water Mains Bonds October 1, 1951-66
44,000.00
Water Dept. Bonds May 15, 1954-69
100,000.00
Water Dept. Bonds November 1, 1956-70
155,000.00
Water Dept. Bonds November 1, 1958-68
90,000.00
Water Dept. Bonds April 1, 1959-74
90,000.00
$537,000.00
NOTES AND BONDS DUE 1960
Construction Loan August 1, 1948
$ 10,000.00
Water Supply April 1, 1950
3,000.00
Water Mains Bonds October 1, 1951
7,000.00
Water Dept. Bonds May 15, 1954
10,000.00
Water Dept. Bonds November 1, 1956
15,000.00
Water Dept. Bonds November 1, 1958
10,000.00
Water Dept. Bonds April 1, 1959
6,000.00
$ 61,000.00
Respectfully submitted, HARRY I. GRANGER Treasurer of Water Department
1959 FINANCIAL REPORT OF THE COLLECTOR FOR THE WATER DEPARTMENT
WATER ACCOUNT CHARGES
Balance due January 1, 1959
$ 61,863.04
Charges to December 31, 1959
369,077.71
$430,940.75
WATER ACCOUNT CREDITS
Cash paid to Treasurer
$336,527.23
Abatements and Service Transfers
881.28
Transfers to Lien Account
24,492.42
Balance due December 31, 1959
69,039.82
$430,940.75
254
$283,566.00
PRIVATE ACCOUNT CHARGES
Balance due January 1, 1959
$ 3,812.17
Charges to December 31, 1959
19,441.42
$ 23,253.59
PRIVATE ACCOUNT CREDITS
Cash paid to Treasurer
$ 21,591.14
Abatements
53.60
Transfers to Lien Account
312.04
Balance due December 31, 1959
1,296.81
$ 23,253.59
NEW SERVICE ACCOUNT CHARGES
Balance due January 1, 1959
$ 1,826.49
Charges to December 31, 1959
16,498.28
$ 18,324.77
NEW SERVICE ACCOUNT CREDITS
Cash paid to Treasurer
$ 17,828.98
Abatements and Service Transfers
74.38
Balance due December 31, 1959
421.41
$ 18,324.77
Respectfully submitted,
HARRY I. GRANGER
Collector
I have examined the Treasurer's and Collector's accounts in the Wey- mouth Water Department and believe them to be correct. Regular exam- inations of all transactions, with a monthly verification of cash with the official statements of all depositories, satisfies me that the Treasurer has properly accounted for all funds entrusted to him.
Respectfully submitted, WARREN F. ROULSTON Town Accountant
255
REPORT OF THE WEYMOUTH CONTRIBUTORY RETIREMENT SYSTEM
To the Honorable Board of Selectmen and
The Citizens of Weymouth
The Weymouth Retirement Board, in accordance with the provisions of Section 20, 4 (b), Chapter 32, General Laws (Ter. Ed.), as amended has carried out the duties entrusted to them for the Contributory Retirement System of the Town of Weymouth.
There have been 31 new enrollments and 10 retirements during the year.
Members of the System January 1, 1959
474 (corrected)
Enrolled in 1959
31
Withdrawals
17
Retirements
10
MEMBERSHIP DECEMBER 31, 1959 478
Pensioners January 1, 1959
71
Retired in 1959
10
Deaths in 1959
2
PENSIONERS DECEMBER 31, 1959
79
FINANCIAL REPORT FOR THE YEAR 1959
INCOME
From Members:
Regular Contributions - Group 1
$61,125.55
Additional Contributions - Group 1
612.90
Regular Contributions - Group 2
35,072.16
Deductions by Outside Sources
1,162.19
Late Entry Payments
3,121.64
Re-deposits
563.94
From Municipality :
Pension Fund
93,971.00
Expense Fund
4,066.50
Military Leave Fund
223.52
From Weymouth Housing Authority:
Pension Fund
1,039.00
From Other Cities and Towns:
Pension Fund
1,828.49
South Weymouth Savings Bank Interest
3,925.07
Co-operative Banks Dividend
2,120.00
Railroad Bonds, Interest
5,681.25
Telephone Bonds, Interest
6,987.60
Public Utility Bonds, Interest
9,600.10
Mass. Turnpike Authority Bonds, Interest
330.00
256
U. S. Treasury Bonds, Interest
Bank Stock Dividends
3,000.00 4,930.80
239,361.71
Accrued Interest December 31, 1959
7,518.02
246,879.73
Amortization of Ledger Assets in 1959 - Increase
29,258.63
$276,138.36
DISBURSEMENTS
Annuity Payments :
(a) Regular
$8,239.71
(b) Ordinary and Accidental Disabiilty
1,563.71
(c) Additional for voluntary contributions
128.28
(d) Beneficiaries under option (c) & (d)
1,821.90
(e) Beneficiaries under Chap. 614 - 12B
88.92
Pension Payments:
Under Option (a)
34,064.29
Under Option (b)
31,861.83
Under Option (c)
451.08
Survivor Payments :
Under Option (c)
3,057.77
Under Option (d)
6,202.10
Under Chapter 614 - 12B
2,266.08
Disability Pension Payments:
Accidental
22,366.54
Ordinary
3,226.27
Accidental Death Benefits
14,982.96
Reimbursements to other Towns and Cities
829.84
Refunds :
Group 1 Deposits 6,470.20
Interest 849.09
7,319.29
Group 2 Deposits 3,629.52
Interest 543.21
4,172.73
Administrative Expenses:
Supervision
500.00
Clerical Services
2,703.96
Medical Fees
145.00
Printing and Stationery
118.10
Postage and Express
94.68
Travel & Conference Expenses
208.97
Safe Deposit Boxes
22.50
Miscellaneous
35.00
3,828.21
Accrued Interest Paid in 1959
1,004.58
147,476.09
Accrued Interest January 1, 1959
6,111.77
153,587.86
Gain in Assets for the year 1959
122,550.50
257
BALANCE SHEET - DECEMBER 31, 1959
ASSETS
Treasurer's Cash :
South Shore National Bank
South Weymouth Savings Bank
$ 8,837.67 107,429.48
Investments:
Railroad Bonds
153,159.85
Telephone Bonds
207,223.95
Public Utility Bonds
298,413.00
Mass. Turnpike Authority Bonds
10,000.00
Co-operative Bank Shares
64,000.00
Bank Stocks
132,217.12
U. S. Government Bonds
120,000.00
Accrued Interest on Bonds
7,518.02
$1,108,799.09
LIABILITIES
Annuity Savings Fund
$ 792,026.96
Pension Fund
173,808.45
Annuity Reserve Fund
137,202.43
Military Leave Reserve Fund
4,307.35
Expense Fund
1,453.90
$1,108,799.09
258
SCHEDULE OF BONDS OWNED DECEMBER 31, 1959
Description of Bonds
Coupon Rate
Maturity
Par Value
Cost to System
Amortized Value
United States Savings Bonds
21/2%
June
1, 1960
$25,000.00
$25.000.00
$25,000.00
United States Savings Bonds
21/2%
June
1, 1961
30,000.00
30,000.00
30,000.00
United States Savings Bonds
21/2%
April
1, 1962
50,000.00
50,000.00
50,000.00
United States Victory Bonds
21/2%
Dec.
15, 1963-68
15.000.00
15,000.00
15,000.00
Massachusetts Turnpike Authority
3.30%
May
1, 1994
10,000.00
10,000.00
10,000.00
Arkansas Power & Light Co.
31/2%
Sept.
1, 1982
10,000.00
10,325.00
10,293.24
Boston Edison Co.
3 %
Aug.
1, 1984
10,000.00
10,119.00
10,107.31
The California Oregon Power Co.
37/5%
Map
1, 1986
10,000.00
10,133.50
10,126.39
Central Maine Power Co.
33/8%
April
1985
10,000.00
10,025.00
10,025.00
Central Vermont Public Service Corp.
31/4%
June
1, 1984
10,000.00
10,095.90
10,086.33
Cons. Gas & Elec. Lt. & Power Co. of Balt. 3 % The Detroit Edison Co.
31/4%
May
15,
1980
10,000.00
10,000.00
10,000.00
Duquesne Light Co.
41/4%
Mar.
1,
1989
20,000.00
19,675.00
19,675.00
Essex County Electric Co.
31/4 %
Feb.
1, 1984
10,000.00
10,250.00
10,224.96
Fall River Electric Light Co.
33/4%
Jan.
1983
10,000.00
10,227.00
10,207.43
Georgia Power Co.
31/2%
June
1981
10,000.00
10,375.00
10,347.72
Iowa Power & Light Co.
35/3%
June
1, 1986
10,000.00
10,174.90
10,165.92
Kentucky Utilities Co.
33/4%
April
1, 1986
10,000.00
10,144.70
10,136.75
Lake Superior District Power Co.
33/4%
Mar.
1, 1983
10,000.00
10,000.00
10,000.00
Minnesota Power & Light Co.
35% %
July
1, 1981
10,000.00
10,400.00
10,367.92
The Montana Power Co.
27/8%
Oct.
1975
5,000.00
4,825.00
4,879.34
New Orleans Public Service, Inc.
41/2%
April
1, 1987
10,000.00
10,082.30
10,079.31
North Shore Gas Co.
4 %
Dec.
1,
1975
10,000.00
10,137.50
10,122.72
Ohio Edison
41/2%
April
1, 1989
20,000.00
19,700.00
19,700.00
Ohio Power Co.
45/8%
April
1, 1989
20,000.00
20,250.00
20,250.00
Pacific Gas & Electric
3 %
Dec.
1, 1979
10,000.00
10,639.35
10,460.63
Public Service Co. of Indiana, Inc.
31/8%
Nov.
1. 1977
5,000.00
5,081.25
5,060.47
Public Service Co. of New Hampshire
3 %
June
1, 1979
5,000.00
5,087.50
5,068.70
Savannah Electric Power Co.
31/4%
Oct.
1, 1984
10,000.00
10,252.00
10,212.16
Savannah Electric Power Co.
37/8%
May
1, 1986
10,000.00
10,223.90
10,228.74
July
15, 1989
10,000.00
10,065.00
10,060.03
259
ยท
1,
1,
260
SCHEDULE OF BANK STOCK OWNED
Southern California Edison
35% %
Aug.
15, 1978
10,000.00
10,000.00
10,000.00
Utah Power & Light Co.
31/2%
Oct.
1, 1982
10,000.00
10,225.00
10,211.07
Wisconsin Electric Power Co.
37/8%
April
15, 1986
10,000.00
10,337.50
10,315.86
Central of Georgia Equip. Trust
35/8%
Sept.
1, 1962
10,000.00
10,135.68
10,076.58
Chicago & Eastern Illinois R. R. Co.
35/8%
Sept.
1, 1960
10,000.00
10,000.00
10,000.00
Delaware, Lackawanna & Western R. R. Co.
37/8%
May
15, 1965
10,000.00
9,908.55
9,930.22
Denver & Rio Grande Western R. R.
334 %
May
1. 1965
10,000.00
10,000.00
10,000.00
Gulf, Mobile & Ohio R. R. Co.
33/8%
May
1, 1980
10,000.00
9,958.00
9,961.94
Illinois Central R. R. Co.
31/4%
Aug.
1, 1980
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