USA > Massachusetts > Norfolk County > Weymouth > Town annual report of Weymouth 1961 > Part 23
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20,000.00
Sewer Construction 3.40% Nov. 1957
10,000.00
School Project Loans 1958:
Homestead School Addition 3.20% Nov. 1958
5,000.00
Seach School Replacement 3.20% Nov. 1958
15,000.00
Pond School 2nd Addition 3.20% Nov. 1958 Green Street School 3.20% Nov. 1958 25,000.00
Highway Construction 3.20% Nov. 1958
10,000.00
Drainage Back River to Whitman's Pond 3.20% Nov. 1958
10,000.00
Sewer Construction 3.20% Nov. 1958
15,000.00
Highway and Sewer Bonds 3.70% Sept. 1959
30,000.00
Public Works Garage 3.10% Oct. 1960
10,000.00
Highway Construction 3.1%0 Oct. 1960
25,000.00
North Senior High School 3.10% Oct. 1960
100,000.00
Sewer Bonds 3.10% Oct. 1960
15,000.00
Sewer Bonds 3.50% Aug. 1961
25,000.00
Highway Construction 3.50% Aug. 1961
25,000.00
North Senior High School Second Loan 3.25% Dec. 1962
100,000.00
$ 939,000.00
ARTHUR E. PRATT FUND
Total Fund January 1, 1961
$3,000.00
Interest 1961 Paid Tufts Library Total Fund Weymouth Savings Bank December 31, 1961
$3,000.00
WILLIAM H. PRATT FUND
Total Fund January 1, 1961
$2,798.80
Interest 1961 Paid Tufts Library $104.92
Total Fund East Weymouth Savings Bank December 31, 1961
$2,798.80
299
Eldon Johnson School 11/4% February 1951
$124.38
15,000.00
CHARLES HENRY PRATT FUND
Total Fund January 1, 1961 Interest 1961 Paid Tufts Library $ 18.76
$
500.00
Total Fund East Weymouth Savings Bank December 31, 1961
$
500.00
ALIDA M. DENTON FUND
Total Fund January 1, 1961 Interest 1961 Paid Tufts Library $ 26.26
$ 700.00
Total Fund East Weymouth Savings Bank December 31, 1961
$ 700.00
QUINCY TUFTS FUND FOR FREE PUBLIC LECTURES INCOME ACCOUNT
Total Fund January 1, 1961
$2,458.64
Interest 1961 Massachusetts Life Fund
268.22
Interest 1961 Weymouth Savings Bank
125.71
Total Fund in Weymouth Savings Bank December 31, 1961 $2,852.57
QUINCY TUFTS FUND FOR CARE OF TUFTS FAMILY TOMB
Deposit in Massachusetts Life Fund
$ 500.00
Interest 1961 Paid North Weymouth Cemetery Association $ 26.77
Total Fund December 31, 1961
$ 500.00
JOHN C. RHINES INCOME ACCOUNT
Income received to January 1, 1961 $ 10,084.79 Interest received in 1961 765.79
Total Fund East Weymouth, South Weymouth Savings Banks and U. S. Savings Bonds December 31, 1961 $ 10,850.58
JOSEPH E. TRASK FUND
Total Fund January 1, 1961 Interest 1961 Paid Tufts Library $430.51
$ 12,847.88
Total Fund East Weymouth, South Weymouth, Weymouth Savings Banks and U. S. Savings Bonds $ 12,847.88
300
SUSAN HUNT STETSON FUND
Total Fund January 1, 1961 Interest 1961 Paid Tufts Library Total Fund in Weymouth Savings Bank December 31. 1961
$ 95.32 $ 2,500.00
$ 2,500.00
CHARLES Q. TIRRELL FUND
Total Fund January 1, 1961 Interest 1961 Paid Tufts Library $ 38.13 Total Fund Weymouth Savings Bank December 31, 1961 $ 1,000.00
FRANCIS FLINT FORSYTH FUND
Total Fund January 1, 1961
$ 1,000.00
Interest 1961 Paid Tufts Library $ 38.13
Total Fund in Weymouth Savings Bank December 31, 1961 $ 1,000.00
MARY FIFIELD KING CARILLON FUND
Total Fund January 1, 1961 Interest received in 1961
$ 128.50
4.84
Total Fund in South Weymouth Savings Bank December 31, 1961 $ 133.34
MARY FIFIELD KING LIBRARY FUND
Total Fund January 1, 1961 Interest received in 1961
$ 2,029.82
76.08
$ 2,105.90
76.08
Paid to Tufts Library Total Fund in South Weymouth Savings Bank December 31, 1961 $ 2,029.82
AUGUSTUS J. RICHARDS FUND
Total Fund January 1, 1961
$174.21 $ 5,012.00
Interest 1961 Paid to Tufts Library Total Fund in Weymouth, South Weymouth Savings Banks and U. S. Savings Bonds
$ 5,012.00
301
$ 1,000.00
QUINCY TUFTS FUND FOR SHADE TREES AND SIDEWALKS INCOME ACCOUNT
Total Fund January 1, 1961 Interest 1961 Massachusetts Life Fund Interest 1961 Weymouth Savings Bank
$ 806.73:
107.29
41.72'
Total Fund in Weymouth Savings Bank December 31, 1961 $ 955.74
QUINCY TUFTS FUND FOR BOOKS FOR TUFTS LIBRARY
Deposited in Massachusetts Life Fund
$ 2,500.00
Interest 1961 Paid to Tufts Library Total Fund December 31, 1961 $ 2,500.00
QUINCY TUFTS FUND FOR MAINTENANCE OF READING ROOM
Deposited in Massachusetts Life Fund
$ 2,500.00
Interest 1961 Paid to Tufts Library Total Fund December 31, 1961
$134.11
$ 2,500.00
N. F. T. HUNT CEMETERY FUND
Bequest May 11, 1942 Benefit Lot in Ashwood Cemetery
$ 322.84
Interest to December 31, 1961
12.19
Total Fund in South Scituate Savings Bank
$ 335.03
LABAN PRATT HOSPITAL INC. FUND
Bequest July 22, 1925
$300,000.00 568,272.49
Income in 1961
28,095.58
$896,368.07
Charged to South Shore National Bank Checking Account
1,433.00
Total Fund December 31, 1961
$894,935.07
INVESTMENTS OF HOSPITAL FUNDS
East Weymouth Savings Bank
$ 64,514.20
South Weymouth Savings Bank
197,505.74
Weymouth Savings Bank
149,779.44.
South Shore National Bank Checking Account
135.69
U. S. Government Bonds, Series G
483,000.00
Total Fund December 31, 1961
$894,935.07
302
Net Income to January 1, 1961
$134.11
MUNICIPAL BUILDING INSURANCE FUND
Total Fund January 1, 1961 Interest Received in 1961
$147,993.37 6,240.69
Total Fund December 31, 1961
$154,234.06
INVESTMENT OF INSURANCE FUND
Weymouth Savings Bank East Weymouth Savings Bank
15,915.73
South Weymouth Savings Bank
72,362.86
Corporate Bonds
4,430.92
Total Fund December 31, 1961
$154,234.06
WEYMOUTH CONTRIBUTORY RETIREMENT FUND
Balance December 31, 1961
In Banks
$ 100,953.25
Cash on Hand
3.02
U. S. Government Obligations and Corporation Bonds including acc/int.
954,856.69
Cooperative Bank Shares
80,000.00
Bank Shares
66,261.08
$1,202,084.04
INVESTMENTS OF ABOVE FUNDS
U. S. Savings Bonds
$ 50,000.00
U. S. Victory Bonds
15,000.00
Other Corporate Bonds
889,856.69
So. Weymouth Savings Bank and Cash on Hand
80,000.00
So. Shore National Bank, Balance in Checking Account December 31, 1961
20,966.27
No. Weymouth Cooperative Bank
16,000.00
So. Shore Cooperative Bank
16,000.00
So. Weymouth Cooperative Bank
16,000.00
Quincy Cooperative Bank
16,000.00
Hingham Cooperative Bank
16,000.00
Bank Shares
66,261.08
$1,202.084.04
RECEIPTS 1961
Received from Matured Investments
$ 40,000.00
Members Contributions Town Appropriation
125,948.15
Income from Investments
45,951.44
Weymouth Housing Administration
111,805.60
1,470.00
303
$ 61,524.55
Reimbursement from Cities and Towns Refund of Disability Pensions Transfers from other Cities and Towns Redeposit of Contributions Miscellaneous Income
1,828.49
2,867.04
1,130.03
6,022.42
143.48.
$ 337,166.65
DISBURSEMENTS 1961
Investments including Acc/Int.
$ 129,326.73
Retirement Allowances
172,603.86
Refunds
28,962.51
Reimbursements to Cities and Towns
1,106.45
Transfer to other Cities and Towns
4,407.62
Expenses:
Administration and Clerical
3,779.90
Doctors and Hearings
70.00
Travel and Conventions
300.23
Supplies and Postage
298.55.
$ 340,855.85
304
INVESTMENTS OF TRUST FUNDS SAVINGS BANKS
South Weymouth
East Weymouth
Government Securities
Balance Jan. 1, 1961 474.98
Balance Jan. 1, 1962 497.90
Ashwood Cemetery Elias S. Beals Park
$1,000.00
1,000.00
1,000.00
Elias S. Beals Park Income a/c
369.51
319.57
369.51
Alida M. Denton Library
$
700.00
700.00
700.00
Francis Flint Forsythe Library
1,000.00
1,000.00
N. F. T. Hunt Cemetery Fund
335.03
322.84c
335.03c
Mary Fifield King Carillon Fund
133.34
128.50
133.34
Mary Fifield King Tufts Library
2,029.82
2,029.82
2,029.82
Martha Hannah King
115.48
110.17
115.48
Arthur E. Pratt Library
3,000.00
3,000.00
3,000.00
Charles H. Pratt Library
500.00
500.00
500.00
400.00
400.00
400.00
Laban Pratt Fountain Income a/c
1,117.63
1,047.71
1,117,63
William Pratt Library
2,798.80
2,798.80
2,798.80
John C. Rhines Income for Public Purposes
3,000
5,000.00
2,000.00
10,000.00
10,000.00
John C. Rhines Income a/c
6,850.58
4.000.00
10,084.79
10,850.58
Augustus J. Richards Library
1,012.00
2,000.00
2,000.00
5,012.00
5,012.00
Susannah Hunt Stetson Library
2,500.00
2,500.00
2,500.00
Charles Q. Tirrell Library
1,000.00
1,000.00
1,000.00
Joseph E. Trask Library
1,842.00
2,005.88
2,000.00
7,000.00
12,847.88
12,847.88
Tufts Public Lectures
5,000.00a
5,000.00b
Tufts Public Lectures Income a/c
2,852.57
2,458.64
2,852.57
Tufts Reading Room
2,500.00a
2,500.00b
Tufts Books
2,500.00a
2,500.00b
Tufts Sidewalks and Shade Trees
2,000.00a
2,000.00b
Tufts Sidewalks and Shade Trees Income a/c
955.74
806.73
955.74
Tufts Care Tufts Tomb
500.00a
500.00b
Municipal Building Fund
72,362.86
15,915.73
61,524.55
4,430.92 ** 147,993.37
154,234.06
Laban Pratt Hospital, Inc.
*197,641.43
64,514.20
149,779.44
483,000.00
866,845.49
894,799.38
TOTAL
$1,085,881.29 $1,121,685.41
Includes South Shore National Bank Checking Account $135.69.
$5,000.00 California-Oregon Power Co. 37/8% 1986 Bonds.
Note: a-960.69 Units in Massachusetts Life Fund Jan. 1, 1961 $21.06 per unit.
b-977.02 Units in Massachusetts Life Fund Jan. 1, 1962
$24.14 per unit,
-Fund in South Scituate Savings Bank.
CA
Weymouth 497.90
$
$
305
Laban Pratt Fountain
1,000.00
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 Re- tirement System of the Town of Weymouth.
There have been 48 new enrollments and 11 retirements during the year.
Members active January 1, 1961 477
Members inactive January 1, 1961 8
Enrolled in 1961 48 .
Withdrawals 18
Retirements (10 active-1 inactive)
11
MEMBERSHIP DECEMBER 31, 1961 504
Pensioners January 1, 1961
85
Retired in 1961 11
Deaths in 1961
5
PENSIONERS DECEMBER 31, 1961 91
FINANCIAL REPORT FOR THE YEAR 1961
INCOME
From Members:
Regular Contributions-Group 1
$ 69,045.43
Regular Contributions-Group 2
41,393.70
Re-deposits by Members 6,022.42
Members' deductions made by outside sources:
Weymouth Housing Authority 1,366.47
'Transfer of members' accounts from other systems:
Group 1 1,130.03
From Municipality :
Pension Fund-Town
120,907.00
Expense Fund-Town
4,742.40
Workmen's Compensation Credit
298.75
Weymouth Housing Authority
1,470.00
Pension reimbursements received from other systems
1,828.49
Refund to adjust, pension (Sec. 91A)
2,867.04
From Interest:
South Weymouth Savings Bank
3,375.00
Co-operative Banks Dividend
2,880.00
Railroad Bonds
5,137.45
Telephone Bonds
10,200.00
306
Public Utility Bonds Mass. Turnpike Authority Bonds Industrial Bonds U. S. Treasury Bonds Bank Stock Dividends Sale of Rights-Bank Stock
16,443.85
330.00
225.00
2,000.00
5,216.66
143.48
$297,023.17
Accrued Interest December 31, 1961 9,464.94
306,488.11
Amortizetion of Ledger Assets in 1961-Increase 36,473.62
$342,961.73
DISBURSEMENTS
Annuity Payments:
(a) Regular $ 10,846.42
(b) Ordinary and Accidental disability 1,897.26
(c) Additional for voluntary contributions 265.98
(d) Beneficiaries of deceased annuitants under Option (b) 3,873.55
(e) Benif, of deceased annuitants under
(c) & (d) & 12B 2,101.01
Pension Payments:
Option (a)
39,387.97
Option (b)
41,659.72
Option (c)
451.08
Survivorship Payments:
Option (c)
2,917.56
Option (d)
8,706.84
Sec. 12B
2,336.28
Disability Pension Payments:
Ordinary
6,666.12
Accidental
33,208.45
Accidental Death Benefit 22,159.17
Pension reimbursements paid to other systems 1,106.45
Refunds:
Withdrawals from Annuity Savings Fund:
Deaths
10,390.89
All Others
14,698.07
Transfer of members' accounts to other systems: Group 1 4,407.62
Administrative Expenses:
Salaries
$3,779.90
Medical Fees
65.00
Printing and Stationary
84.25
Postage and Express 102.20
Travel and Conference expenses
300.23
307
Safe Deposit Boxes Miscellaneous
22.50 94.60
4,448.68
Accrued Interest paid in 1961
496.53
$212,025.65
Accrued Interest January 1, 1961
8,303.98
220,329.63
Gain in Assets for the Year 1961
$122,550.50
BALANCE SHEET-DECEMBER 31, 1961
ASSETS
'Treasurer's Cash:
South Shore National Bank Cash on Hand
3.02
Investments:
Bonds-U. S. Government
65,000.00
Bonds-Railroads
133,248.64
Bonds-Utilities
446,477.58
Bonds-Telephone
286,768.62
Bonds-Authorities
10,000.00
Bonds-Industrials
9,925.00
Bank Stocks
165,626.62
Co-operative Banks
80,000.00
Savings Bank
80,000.00
Accrued Interest
8,303.98
Accrued Interest on Bonds Purchased
496.53
Annuities Paid
15,110.67
Pensions Pand
157,493.19
Expenses
4,448.68
Refunds. Group 1
15,926.76
Group 2
13,569.82
$1,513,362.36
LIABILITIES
Annuity Savings Fund
$842,311.42
Pension Fund
322,354.58
Annuity Reserve Fund
175,109.18
Military Leave Reserve Fund
3,376.35
Expense Fund
6,431.37
Deductions: Group 1 Group 2
41,393.70
Invested Income
45,807.96
Late Entry, Makeup, Re-deposits
6,022.42
Profit and Loss
143.48
$1,513.362.36
NOTE: This balance sheet will change somewhat after the Division of Insurance sends the new Bank Stock and Bond figures some time in February 1962, but they have the adjustment made as of December 31, 1961. All closing entries will be made at that time.
308
$ 20,963.25
70,411.90
SCHEDULE OF BONDS OWNED DECEMBER 31, 1961
Coupon
Cost
Amortized
Description of Bonds
Rate
Maturity
Par Value
United States Savings Bonds
21/2%
April
1, 1962
$50,000.00
to System $50,000.00 15,000.00
Value $50,000.00 15,000.00
United States Savings Bonds
21/2 %
Dec.
15, 1963-68
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
10,276.29
Boston Edison Co.
3
%
Aug.
1, 1984
10,000.00
10,119.00
10,100.87
The California Oregon Power Co.
37/8 %
May
1, 1986
10,000.00
10,133.50
10,120.84
Central Maine Power Co.
33/8 %
April
1, 1985
15,000.00
14,100.00
14,108.68
Central Vermont Public Service Corp.
31/4 %
June
1, 1984
10,000.00
10.095.90
10,081.75
Commonwealth Edison Co.
45/8 %
Mar.
1, 1990
20,000.00
19,750.00
19,761.98
Consolidated Edison of New York
43/4 %
June
1, 1990
20,000.00
20,159.80
20,157.75
Cons. Gas & Elec. Lt. & Power Co. of Balt.
3
%
July
15, 1989
10,000.00
10,065.00
10,057.53
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
19,675.98
Essex County Electric Co.
31/4 %
Feb.
1, 1984
10,000.00
10,250.00
10,212.72
Fall River Electric Light Co.
33/4 %
Jan.
1, 1983
10,000.00
10,227.00
10,196.13
Georgia Power Co.
31/2%
June
1, 1981
10,000.00
10,375.00
10,326.01
Iowa Power & Light Co.
35/8 %
June
1, 1986
10,000.00
10,174.90
10,158.44
Kentucky Utilities Co.
3 34 %
April
1, 1986
20,000.00
18,894.70
18,880.62
Lake Superior District Power Co.
33/4 %
Mar.
1983
10,000.00
10,000.00
10,000.00
Minnesota Power & Light Co.
35/8 %
July
1, 1981
10,000.00
10,400.00
10,345.30
The Montana Power Co.
27/8%
Oct.
1, 1975
5,000.00
4,825.00
4,890.69
New Orleans Public Service, Inc.
41/2%
April
1, 1987
10,000.00
10,082.30
10,076.26
New York State Elec. & Gas Co.
45/8 %
May
1, 1991
20,000.00
20,409.20
20,409.20
Niagara Mohawk Power Co.
43/4 %
April
1, 1990
20,000.00
20,159.80
20,156.92
North Shore Gas Co.
4 %
Dec.
1, 1975
10,000.00
10,137.50
10,111.98
Ohio Edison
41/2 %
April
1, 1989
20,000.00
19,700.00
19,715.47
Ohio Edison Co.
434 %
June
1, 1991
10,000.00
10,160.80
10,160.80
Ohio Power Co.
45/8 %
April
1. 1989
20,000.00
20,250.00
20,235.82
Pacific Gas & Electric
3 %
Dec.
1, 1979
10,000.00
10,639.35
10,426.92
Pennsylvania Electric Co.
47/8 %
May
1, 1990
20,000.00
20,376.00
20,371.12
Public Service Co. of Indiana, Inc.
31/8 %
Nov.
1, 1977
5,000.00
5,081.25
5,055.51
1,
309
SCHEDULE OF BONDS OWNED DECEMBER 31, 1961 - Continued
Public Service Co. of New Hampshire
3 %
June 1, 1979
5,000.00
5,087.50
5,063.58
Savannah Electric Power Co.
31/4 %
Oct.
1, 1984
10,000.00
10,252.00
10,216.74
Savannah Electric Power Co.
37/8 %
May
1, 1986
10,000.00
10,223.90
10,202.82
Southern California Edison
35/8 %
Aug.
15, 1978
10,000.00
10,000.00
10,000.00
Southern California Edison
41/2 %
April
1, 1986
20,000.00
20,240.60
20,240.60
Utah Power & Light Co.
31/2%
Oct.
1, 1982
15,000.00
14,400.00
14,380.48
Wisconsin Electric Power Co.
37/8 %
April
15,1986
10,000.00
10,337.50
10,301.78
Central of Georgia Equip. Trust
35/8 %
Sept.
1, 1962
10,000.00
10,135.68
10,035.76
Delaware, Lackawanna & Western R.R. Co. 37/8 %
May
15, 1965
10,000.00
9,908.55
9,950.22
Denver & Rio Grande Western R. R. Co.
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
9,964.40
Illinois Central R. R. Co.
31/4 %
Aug.
1, 1980
10,000.00
9,962.50
9,971.18
Louisville and Nashville R. R. Co.
33/8 %
April
1, 2003
10,000.00
9,917.00
9,922.13
N. Y. Central & Hudson River R. R. Co.
31/2%
July
1997
10,000.00
8,476.56
8,682.37
N. Y. Chicago & St. Louis R. R. Co.
334 %
July
15, 1968
10,000.00
10,000.00
10,000.00
Northern Pacific Rwy.
4 %
Jan.
1, 1997
10,000.00
6,952.63
7,222.94
Reading Company
31/8 %
May
1, 1995
3,000.00
2,565.00
2,618.49
St. Louis-San Francisco Ry. Co.
4 %
Sept.
1, 1980
10,000.00
9,921.00
9,932.12
Southern Pacific Ry.
27/8%
Jan.
1,.1986
10,000.00
9,926.73
9,938.30
Southern Railway
334%
July
15. 1966
10,000.00
9,960.90
9,975.40
Western Maryland Railway Co.
31/2%
Oct.
1, 1979
5,000.00
5,075.00
5,061.77
Western Maryland Railway Co.
334 %
May
1, 1965
10,000.00
9,958.72
9,973.56
American Tel. & Tel. Co.
234 %
April
1, 1982
10,000.00
10,075.00
10,048.07
American Tel. & Tel. Co.
31/4%
Sept.
1, 1984
10,000.00
10,252.00
10,111.60
American Tel. & Tel. Co.
4 3/8 %
April
1, 1985
10,000.00
10,121.40
10,216.74
Associated Telephone Co., Lt.
358 %
Oct.
1, 1981
10,000.00
10,325.00
10,286.40
Bell Telephone of Pennsylvania
43/4 %
May
1, 2001
30,000.00
30,819.60
30,819.60
The Chesa. & Potomac Tel. Co., Baltimore
31/4 %
Feb.
1, 1995
10,000.00
10,284.00
10,250.42
General Telephone Co. of California
41/2%
Sept.
1, 1986
30,000.00
29,775.00
29,775.00
Illinois Bell Telephone
43/8 %
Mar.
1, 1994
20,000.00
19,800.00
19,808.92
Mountain States Tel. & Tel. Co.
3 %
Aug.
1, 1989
10,000.00
10,108.60
10,095.94
Mountain States Tel. & Tel. Co.
43/8 %
Feb.
1, 1988
10,000.00
10,312.50
10,297.65
New England Tel. & Tel. Co.
4
%
April
1, 1993
20,000.00
20,574.00
20,550.40
New Jersey Bell Telephone Co.
3
%
May
1, 1989
10,000.00
10,100.00
10,095.29
1,
310
SCHEDULE OF BONDS OWNED DECEMBER 31, 1961 - Continued
New Jersey Bell Telephone Co.
37/8 %
April 1, 1993
10,000.00
10,225.00
10,213.49
Northwestern Bell Telephone Co.
47/8 %
June
1, 1998
20,000.00
20,260.80
20,258.72
The Pacific Tel. & Tel. Co.
2 3/4 %
Dec.
1, 1985
5,000.00
4,650.00
4,731.11
The Pacific Tel. & Tel. Co.
43/8 %
Aug. 15, 1988
20,000.00
20,528.00
20,502.38
Southern New England Tel. Co.
41/8 %
Mar. 1, 1991
30,000.00
29,300.00
29,274.69
Southwestern Bell Telephone
23/4 %
Oct. 1, 1985
10,000.00
9,250.00
9,332.20
Wisconsin Telephone
41/2 %
July
1, 1992
10,000.00
10,100.00
10,100.00
United States Steel Corp.
41/2 %
April 15, 1986
10,000.00
9,925.00
9,925.00
$953,000.00
$951,611.67
$951,419.84
SCHEDULE OF BANK STOCK OWNED
Name of Bank
No. of Shares
Cost to System
Market-Value
Chemical Corn Exchange Bank, N. Y.
340
$12,553.80
$28,560.00
The First National City Bank of N. Y.
289
12,586.06
28,791.62
Morgan Guaranty Trust Co., N. Y.
210
10,307.50
28,140.00
Chase Manhattan Bank, N. Y.
680
19,068.13
55,250.00
First National Bank, Boston
360
11,745.59
24,885.00
$66,261.08
$165,626.62
North Weymouth Co-operative Bank
Matured Shares
$ 1,966.00
$ 2,000.00
North Weymouth Co-operative Bank
Paid Up Shares
14,000.00
14,000.00
South Shore Co-operative Bank
Paid Up Shares
16,000.00
16,000.00
South Weymouth Co-operative Bank
Paid Up Shares
16,000.00
16,000.00
Quincy Co-operative Bank
Paid Up Shares
16,000.00
16,000.00
Hingham Co-operative Bank
Paid Up Shares
16,000.00
16,000.00
$79,966.00
$ 80,000.00
Respectfully submitted,
THOMAS M. WELCH, Chairman WARREN F. ROULSTON, Secretary ERLE R. STARRATT
311
TUFTS LIBRARY STATEMENT OF ITEMIZED EXPENDITURES FOR THE YEAR 1961
THE TUFTS LIBRARY:
Salaries
$73,615.15
Janitor Service
5,806.66
Books, Periodicals, etc.
12,730.56
Service to Stations
378.00
Bindery
2,410.90
Fuel
881.16
L.cht
1,196.75
Maintenance
3,497.98
Operating Expenses
5,263,82
Convention Expenses
196.44
NORTH WEYMOUTH BRANCH:
Salaries
$15,745.40
Janitor Service
4,717.91
Books, Periodicals, etc.
3,856.34.
Fuel
407.15
Light
898.07
Maintenance
945.39
Transportation of Books
151.80
26,722.06
EAST WEYMOUTH BRANCH:
Salaries
9,665.22
Janitor Service
1,392.30
Books, Periodicals, etc.
2,957.16
Rent
1,800.00
Light
203.12.
Maintenance
938.86
Transportation of Books
148.50
17,105.16
Balance to Treasury
25.11
$149,829.75
Appropriation Account:
$148,337.00
Appropriation March 6, 1961 Income from Trust Funds:
Joseph E. Trask Fund
$449.26
Augustus J. Richards Fund
192.96
Arthur E. Pratt Fund
142.51
Susannah Hunt Stetson Fund
118.76
William H. Pratt Fund
104.92
Tufts Fund-Books
134.11
Tufts Fund-Reading Room
134.11
C. Q. Tirrell Fund
47.51
Walter G. Forsythe Fund
47.51
Alida M. Denton Fund
26.26
Charles Henry Pratt Fund
18.76
Mary Fifield King Fund
76.08
1,492.75
Total
$149,829.75 WARREN F. ROULSTON Town Accountant
312
$105,977.42
$149,804.64
REPORT OF THE TOWN ACCOUNTANT
To the Honorable Board of Selectmen
Weymouth, Massachusetts
Gentlemen:
Herewith is submitted the sixtieth annual report of the Accounting Department.
WARREN F. ROULSTON
Town Accountant January 19, 1962
RECEIPTS
General Revenue:
Taxes:
Current Year:
Poll
Personal
$ 21,480.00 1,910,272.50
Real Estate
5,021,560.99 $6,953,313.49
Previous Years :
Poll
284.00
Personal
3,459.98
Real Estate
153,442.53
157,186.51
From the Commonwealth
School Aid-Chapter 70
513,694.40
Income Taxes
161,700.00
Corporation Taxes
318,948.54
Meals Taxes
21,782.40
Aid to Free Public Libraries
10,117.17
1,026,242.51
Licenses and Permits:
Alcoholic
13,960.00
All Other
2,324.50
State Licenses
125.00
16,409.50
Fines and Forfeits
1,642.88
Grants and Gifts:
From the Commonwealth:
U. S. Grant-O. A. A .- Administration 10,665.13
O. A. A .- Assistance 167,348.02
A. D. C .- Administration 9,174.12
A. D. C .- Relief 82,944.00
D. A .- Administration
1,930.07
D. A. - Assistance 19,208.90
M. A. A .- Administration 4,568.43
M. A. A .- Assistance
166,772.41
Vocational Schools
73,282.05
Smith-Hughes Fund
1,415.00
313
School Maintenance Public Law No. 874 178,189.00 National Defense Education Act No. 864 Title III 4,713.46 Title V 4,412.19
School Construction Grants:
Academy Avenue School
8,808.34
Bicknell Junior High School
6,107.22
Central Junior High School
33,948.55
Homestead School
7,559.35
Homestead School Addition
1,894.41
Humphrey School
6,264.15
Eldon Johnson School
9,214.21
Eldon Johnson School Addition
4,272.57
John F. McCulloch School
9,560.23
Nash School
8,944.99
Nevin School
3,445.95
North Senior High School
66,687.50
Pingree School
9,087.68
Pond School Addition
3,546.13
Pond School Second Addition
4,860.31
Ralph Talbot School
8,994.67
South Junior High School
20,355.66
William Seach School
6,123.12
944,297.83
From the County:
Dog License Fees
3,353.71
Special Assessments:
Motor Vehicle Excise Taxes-1959 1,526.80
Motor Vehicle Excise Taxes-1960
263,090.01
Motor Vehicle Excise Taxes-1961
466,268.93
Farm Animal Excise Taxes-1961
98.55
730,984.29
General Government:
Tax Collector-Fees, etc.
12,813.35
Town Clerk-Fees, etc. 7,307.10
Fees (Chap. 140 & 131 G.L.) 1,152.50
8,459.60
Registrars'-Sale of Poll List
Books
25.59
Sale of Typewriter
30.00
55.59
Sale of Maps-Selectmen 37.50
Sale of 2 Obsolete Tar Tanks
25.00
Sale of Junk Tractor
25.00
Sale of Typewriter
5.00
21,421.04
Engineering Division-Sale of Maps, Plans, etc.
353.45
Police Department-Pistol Permits
399.00
Building Inspector-Permits and Fees
4,817.28
Building Inspector-Sale of By-law Books
15.00
4,832.28
314
Wiring Inspector-Permits Sealer of Weights and Measures-Fees
1,660.00 731.95
Health Department:
Commonwealth-Subsidy 1,438.36 Licenses and Permits 2,809.69
Dental Clinic Revenue
165.70
Reimbursement for T.B. Cases from City of Boston
165.00
4,578.75
Sewer Division:
Common Sewer Assessments
26,961.34
Particular Sewer Assessments
60,477.16
Interest on Sewer Assessments
16,806.30
Commonwealth-Gas Refund
105.83
Miscellaneous
447.22
104,797.85
Highway Division:
Permits, etc.
795.33
Sale of Sand
7:50
Rental. of Equipment
336.00
Commonwealth of Massachusetts
Chapter 90 Construction
34,116.75 .
County of Norfolk
Chapter 90 Construction
18,030.55
53,286.13
Public Welfare:
From Individuals-Refunds
442.20
From Other Cities and Towns
3,389.07
From the Commonwealth
1,562.18
5,393.45
Aid to Dependent Children:
From Individuals-Refund
738.20
From the Commonwealth-Administration 4,588.06
From the Commonwealth-Assistance 54,450.19
59,776.45
Disability Assistance:
From Individuals-Refunds 499.66
From the Commonwealth-Administration 965.03
From the Commonwealth-Assistance. 26,347.87
27,812.56
Old Age Assistance:
From Individuals-Refunds 3,642.36
From Individuals-Recoveries 28,406.79
From Other Cities and Towns 11.676.91
From the Commonwealth-Administration 5,333.63
From the Commonwealth-Assistance 91,529.14
140,588.83
Medical Assistance for the Aged:
From Individuals-Refunds 152.81
From the Commonwealth-Administration 2,284.22
From the Commonwealth-Assistance 103,207.12 105,614.15
:
315
Veterans Services:
From Individuals-Refunds From the Commonwealth
4,667.03 127,480.15
132,147.18
School Department:
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