USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1955 > Part 23
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6-Installed under Article #42 (606' extended, 903' renewed) 7-Article #28, $149.30; Article #29, $251.74; Stock, $905.53; Tools & Equip., $207.24; Miscellaneous, $107.07; Holidays, $302.88
S-Indicates sewer in same trench
DEPARTMENT OF PUBLIC WORKS
273
. .
3 Wollaston Ave. - Nicod St. to Piedmont St. . .
4 Yerxa Rd. - Hemlock St. northeasterly Hydrant Branches and Gates
7 General Expense ..
..
..
... . ..
-
-
8
542
6
182
274
ARLINGTON TOWN REPORT
ARTICLE #42
Appropriation 1955
$40,000.00
Expenditure 1955
25,256.85
Balance 12/31/55
$14,743.15
IMPROVEMENT OF WATER PRESSURE
Appleton St. - cut over services to new main
33.94
Clean Water Mains
11,055.18
Oxford St. - Renewal and Extension of Main
14,167.73
TOTAL EXPENDITURE
$25,256.85
TABLE IX WATER MAINS NOW IN SERVICE
LOW SERVICE SYSTEM
HIGH SERVICE SYSTEM
RESERVOIR SYSTEM
Size
Cast Iron Pipe
Transite Pipe
Cast Iron Pipe
Transite Pipe
Cement and Cast Iron Pipe
Transite Pipe
In- ches
Lgth. in Hy- Feet [dr'nts
Lgth. in
Gates
Lgth. in Feet
Gates
Lgth. Hy- in Feet | dr'nts
Gates
Lgth. in Feet
Hy- dr'nts
Gates
Lgth. in Feet
Hy- dr'nts
Gates
16
2388
12
7339
37937
7747
1976
10
16497
2737
23554
2190
270
8
41374
32896
108027
51450
2156
6
102258
805
146947|
1268
4175
5196
4
160
220
Total |167468 1
416
845
36438
319013
779
1921
62655
8797
10
25
5196
1
Total Length of Mains in Service Jan. 1, 1956 - 599,567 ft. or 113.554 miles.
Total number of gates in service Jan. 1, 1956 - 2791.
Total number of hydrants in service Jan. 1, 1956 - 1205.
سعر
Gates
Hy- Feet [dr'nts
Hy - dr'nts
-
276
ARLINGTON TOWN REPORT
WATER DIVISION Receipts for Water Consumed
Year
1946
$195,616.20
1947
187,851.78
1948
182,015.78
1949
181,890.59
1950
203,029.48
1951
200,029.08
1952
212,670.61
1953
223,759.82
1954
244,397.67
1955
305,112.53
Percentage of Receipts from metered water, 94.53 %
WATER RATES COMMITTED DURING 1955
January 1
$26,624.32
February 1
18,969.36
March 1
19,833.58
April 1
25,978.55
May 1
18,979.08
June
21,442.40
July 1
29.270.25
August 1
23,679.30
September 1
27,789.94
October 1
36,332.60
November 1
22,901.06
December 1
21,066.45
$292,866.89
VALUE OF WATER FURNISHED FREE TO TOWN DEPARTMENTS:
School
$3,593.57
Selectmen
3,294.60
Cemetery
1,852.91
Library
146.15
Park
2,442.13
Public Works
1,831.75
$13,161.11
277
DEPARTMENT OF PUBLIC WORKS
1955 EXPENDITURES
Water Maintenance 130,314.20
House Connections 15,998.39
Capital Outlay-Meters 16,361.08
Water Extensions
41,164.43
*Metropolitan Assessment
87,680.32
Article #42
25,256.85
$316,775.27
*Payment in 1955 for consumption of 1,096,004,000 gallons in 1954 @ $80.00 per one million gallons.
Payment in 1956 will be $99,285.60, for consumption of 1,241,070,000 gallons in 1955 @ $80.00 per one million gallons.
*1955 RECEIPTS
Rates
$305,112.53
Miscellaneous
773.00
Liens
1,511.62
House Connections
6,965.01
Construction-Homer Rd .- Brattle St.
1,012.62
$315,374.78
UNPAID DECEMBER 31, 1955
Rates
17,650.90
Miscellaneous
14.50
Liens added to taxes
123.25
*Includes rates committed in 1954
$17,788.65
TABLE X CONSTRUCTION OF WAYS (1952)
Balance brought forward
$19.523.89
Returned to Treasury
14,523.89
Balance December 31, 1955
$ 5,000.00 (Carried forward to 1956)
278
ARLINGTON TOWN REPORT
CONSTRUCTION OF WAYS (1951)
Balance brought forward $55,912.06
Returned to Treasury 53,912.06
Balance, December 31, 1955
$ 2,000.00
(Carried forward to 1956)
CONSTRUCTION OF WAYS (1950)
Balance brought forward $14,065.76
Returned to Treasury 12,065.76
Balance, December 31, 1955
$ 2,000.00
(Carried forward to 1956)
RECONSTRUCTION OF STREETS (1953)
(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF, SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PART OF MASSACHUSETTS AVE. OR SUMMER STREET)
Balance brought forward $ 650.88
Expenditure 0
Balance, December 31, 1955
$ 650.88
(Carried forward to 1956)
RECONSTRUCTION OF STREETS (1952)
(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF, SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PART OF MASSACHUSETTS AVENUE, MEDFORD STREET AND PLEASANT STREET
Balance brought forward $ 64.49
Expenditure 0
Balance, December 31, 1955
$
64.49
(Carried forward to 1956)
DEPARTMENT OF PUBLIC WORKS
279
RECONSTRUCTION OF STREETS (1952)
SIDEWALKS AND EDGESTONES - PARK CIRCLE
Balance brought forward $ 47.99
Expenditure 0
Balance, December 31, 1955 $ 47.99
(Carried forward to 1956)
RECONSTRUCTION OF STREETS (1951)
(RELOCATION, ALTERATION AND WIDENING, CONSTRUCTION OF, SPECIFIC REPAIRS UPON AND IMPROVEMENT OF ALL OR ANY PART OF BROADWAY, MYSTIC STREET, PARK AVENUE, MASSACHUSETTS AVENUE OR PLEASANT STREET)
Balance brought forward $ 1,049.68
Expenditure
0
Balance, December 31, 1955
$ 1,049.68
(Carried forward to 1956)
SIDEWALKS AND EDGESTONES (1955)
Appropriation
$20,000.00 20,670.40
Balance brought forward
$40.670.40
Expenditure
28,228.83
Balance, December 31, 1955
$12,441.57
(Carried forward to 1956)
SIDEWALKS AND EDGESTONES - LOWELL STREET (Article 44 of 1955)
Appropriation $ 5,000.00
Expenditure 4,981.45
Balance. December 31, 1955
$ 18.55
(Carried forward to 1956)
280
ARLINGTON TOWN REPORT
SIDEWALKS AND EDGESTONES - EASTERN AVENUE (Article 45 of 1955)
Appropriation $ 7,632.00.
Expenditure 7,269.13
Balance, December 31, 1955 $ 362.87
(Carried forward to 1956)
ALTERATION OF RUSSELL STREET (Article 61 of 1955)
Appropriation $ 2,600.00
Expenditure 0
Balance, December 31, 1955 $ 2,600.00 (Carried forward to 1956)
Note - Work started. (Payment to be made in 1956).
ALTERATION OF RIVER STREET (1941)
Balance brought forward $ 7.18
Expenditure
0
Balance, December 31, 1955 $ 7.18
(Carried forward to 1956)
REPAIRS - PARK AVENUE BRIDGE (1954)
Balance brought forward
$ 2,800.00
Expenditure 2,800.00
December 31, 1955 0
WATER MAIN SUPPLY LINE TURKEY HILL (1944)
Balance brought forward $ 49.00
Expenditure
0
Balance, December 31, 1955
$ 49.00
(Carried forward to 1956)
281
DEPARTMENT OF PUBLIC WORKS
EASEMENTS IN LAND (1955)
Appropriation Expenditure
$ 800.00
0
Balance, December 31, 1955 (Carried forward to 1956)
$ 800.00
EASEMENTS IN LAND (1954)
Balance brought forward Expenditure
$ 800.00
0
Balance, December 31, 1955 (Carried forward to 1956)
$ 800.00
ADJUSTMENT OF COST OF LIVING COMPENSATION Article 29 - 1955
Expenditure ........ . .
$ 107.38
GROUP LIFE INSURANCE FOR TOWN EMPLOYEES
Expenditure
....
$ 1,731.55
I wish to thank the members of Civilian Defense and the United States Army who worked so hard under difficult conditions in sand- bagging the Reservoir during "Diane".
I wish to express my appreciation to the Town Manager, the Board of Selectmen; the various Boards and Commissioners of the Town; Town officials and Department heads, and to all employees of the Department of Public Works for their cooperation through- out the year.
Respectfully submitted, FRANCIS N. O'HARA Acting Superintendent of Public Works
282
ARLINGTON TOWN REPORT
Report of the Town Counsel
December 31, 1955
Honorable Board of Selectmen Robbins Memorial Town Hall Arlington 74, Massachusetts
Gentlemen:
I herewith submit my report for the year 1955 in compliance with Section 3 of Article 3 of the By-Laws of the Town of Arlington.
There have been thirty-two accident claims against the Town this year. Eleven of these have been settled as authorized by the Town Manager and the Board of Selectmen. Eight have brought suit and thirteen are in abeyance. Of the previous year's claims and suits, eight were abandoned by the claimants without suit, four were abandoned at the time they were reached for trial, and eight were settled as authorized by the Town Manager and the Selectmen. There were no verdicts against the Town.
The interest of the Town in a certain parcel of land was successfully protected in proceedings in the Land Court.
The claim of John S. Crosby and Pauline B. Crosby for the taking of 158,100 square feet of their land (the present site of the Bishop School Playground) was tried before a jury in the Middle- sex Superior Court in June, 1955. During negotiations lasting over a period of approximately three years, Mr. and Mrs. Crosby had sought damages from the Town in the amount of $25,000.00.
The jury awarded damages to the petitioners in the sum of $13,300.00. In addition to this, by law, the petitioners were entitled to interest from September 8, 1952, the date of the taking, until June 21, 1955, the date the trial was concluded, at the rate of 4 % per year amounting to approximately 11%, or about $1,450.00.
The claim of Francis M. Hines for the taking of his property for the new elementary school now under construction was tried be- fore a jury in the Middlesex Superior Court in June, 1955, resulting in a verdict against the Town in the sum of $77,000.00. In addition, by law, the petitioner was entitled to interest in the amount of $3,612.50. The petitioner had claimed damages s amounting to $91,300.00 plus interest from the date of the taking.
This taking involved all the petitioner's property at this loca- tion. The property extended from North Union Street through to Everett Street and was bounded on the northwesterly side by the North Union Street or Purcell Playground and on the southeasterly side by land of Joseph Catalano. The Taking included 75,716 square feet of land and the following buildings:
A single family house located at No. 54 No. Union Street A single family house located at No. 60 No. Union Street Three greenhouses
A barn and shed used as a garage and storage building.
A boiler room and workroom building
283
REPORT OF THE TOWN COUNSEL
Mr. Hines was engaged in business as a grower and whole- saler of gardenias. The Court ruled at the trial that in addition to the above, the petitioner Hines was entitled to damages for his gardenia crop growing at the time of the Taking.
The claim of Santo and Josephine Alessi for damages for the taking of their property as part of the site of the new elementary school on Florence Avenue was settled as authorized by the Town Manager and the Board of Selectmen for the sum of $18,000.00. This taking consisted of a two family house and garage with three additional house lots situated in a Residence A Zoning district.
Several other land damage petitions arising from street widen- ing construction and involving smaller claims were settled as authorized by the Town Manager and the Board of Selectmen.
Substantial amounts of money for aid rendered by the Board of Health and by the Symmes Arlington Hospital have been collected and turned over to the Town Collector.
The Town Counsel has been available at regular and special meetings of the Board of Selectmen, has worked in close co-opera- tion with the Town Manager, has rendered opinions as requested by the Town Manager, various Boards, Departments, Committees and Officers, has attended meetings at State Boards and Commissions, and has been vigilant in all matters affecting the interest of the Town.
For the kind consideration and cooperation extended to me by all the officials of the Town during the past year, and especially to the Board of Selectmen and Town Manager, I desire to record my sincere appreciation.
Respectfully submitted,
JOSEPH A. PURCELL Town Counsel
284
ARLINGTON TOWN REPORT
Statement of the Collector of Taxes and Town Collector for the Year 1955
Collection Credits
Balance Uncollected Dec. 31, 1955
Taxes:
1953 Poll
$
2.00
$
1953 Motor Exercise
119.85
83.19
1953 Personal
200.85
1953 Real Estate
731.73
1954 Poll
244.00
46.00
1954 Motor Excise
28,784.41
4,169.81
1954 Personal
1,498.45
560.32
1954 Real Estate
60,046.78
4,874.57
1955 Poll
24,996.00
746.00
1955 Motor Excise
475,388.53
21,998.53
1955 Personal
251,212.40
4,197.12
1955 Real Estate
3,959,604.77
84,301.37
Special Assessments and Water Liens:
Moth (added to 1954 and 1955 Taxes)
3,793.55
78.30
Water Liens (added to 1954
and 1955 Taxes) ....
1,511.62
123.25
Apportioned Assessments:
Sewer
4,587.71
298.16
Sidewalk
3,391.26
138.52
Street Betterment
26,724.48
1,763.74
Unapportioned Assessments:
Sewer
8,143.71
8,816.51
Sidewalk
1,479.54
229.67
Street Betterment
20,313.01
36,889.99
Committed Interest:
Sewer, Sidewalk,
Street Betterment ..
10,169.93
715.56
Apportioned Assessments, Not Due:
Sewer
3,701.64
22,348.23
Sidewalk
1,860.66
13,523.35
Street Betterment
9,273.77
165,185.06
Water Rates
305,112.53
17,650.90
Departmental
1,384,848.31
107,481.30
Interest Added
2,880.43
Costs, Charges & Fees
1,209.05
6,591,830.97
496,219.45
J. WILBERT ANDERSON Collector of Taxes and Town Collector
285
REPORT OF THE BOARD OF SELECTMEN
Report of the Board of Selectmen
TO THE CITIZENS OF ARLINGTON:
Herewith is submitted the 149th annual report of the Board of Selectmen for the year ending December 31, 1955.
Organized shortly after the March election, by a unanimous vote the Board elected Franklin W. Hurd, Chairman and Thomas R. Rawson, Vice-Chairman, Joseph P. Greeley, Marcus L. Sorensen and George A. Harris were the other members.
The year of 1955 has been one of ever increasing duties, and the Selectmen have found it necessary to devote more and more of their time to comply with all obligations.
The members of the Board have kept in touch with all legisla- tive matters affecting the Town's interests, and attended various hearings at the State House.
Members of the General Court, Representative John P. Buck- ley, James R. Doncaster, Hollis M. Gott, and Joseph F. McAvoy, at Board's request, met in the Selectmen's office and developed plans to follow for greater harmony and cooperation in joint matters of importance, and to engender better public relations between the town government and the state.
In an effort to continue the sustained drive against the con- struction of Route 3 through Arlington, members of the Board met with his Excellency Governor Christian A. Herter at the State House, and were told that every possible consideration would be given to changing said route. Members of the Board also met with Public Works Commissioner John A. Volpe regarding Route 2 and Route 3, and were informed that definite plans were not available at this time for its construction.
At its request land at the Reservoir area was offered to the Massachusetts National Guard for the establishment of a unit here in Arlington. The offer was made through the Town Manager, and contingent upon Town Meeting action.
A nostalgic note should be recorded here. On May 1, 1955, the New England Telephone and Telegraph Company installed dial system telephoning. This did away with the old method of passing the number you desired to an "operator" who would put your call through.
Pursuant to Section 7 of Chapter 9 of the General Laws, as amended, the Selectmen were charged with taking the Decennial Census. This project was delegated to the Board of Registrars, and the work done concurrently with the annual true listing. In this manner, a substantial amount of expense was spared.
286
ARLINGTON TOWN REPORT
Twelve streets were constructed during 1955, at a total cost of $299,604.75, which was about 30% below the estimated cost.
An appeal was made to the Metropolitan District Commission for relief from the flooding of the lowlands in the vicinity of the Alewife Brook - an appropriation resulted in excess of $450,000.
RETIREMENTS
The Board wishes to publiclv record here its appreciation for the splendid service rendered by the following town employees who retired during 1955:
JAMES CARMODY CHARLES E. CROWLEY JAMES N. DEANE T. FRANCIS MEAGHER JOHN T. MORRIS WILLIAM P. MOYNIHAN
THOMAS R. PIGOTT
RICHARD J. TIERNEY
WILLIAM J. TOOMEY CHARLES J. TYNAN
After many meetings of unremitting effort on the part of the Board, bus service was inaugurated on November 19, 1955, and the old electric street cars had made their last run from Arlington Heights to Harvard Square.
HURRICANE DIANE
The most unwelcomed visitor arrived August 18th and 19th in the form of a hurricane - a torrential downpour of heavy rains that were officially recorded at 12.96 inches fell in 40 hours time, and caused untold damage. The Board immediately declared a state of emergency existed to provide funds that would be necessary to restore badly disabled services, it was necessary to appropriate $109,300.00
The statutes of the Commonwealth require that the boundaries of the Town be perambulated once every five years, and to see if the marks of division are maintained in good condition. In compliance, with the law, and in conjunction with the officials of towns and cities adjoining us, we have this year walked the boundaries and placed a certificate of our doing on file with the Town Clerk.
The Selectmen have remained active in the Middlesex County Selectmen's Association, and at the Fall meeting two of our mem- bers were elected officers. Marcus L. Sorensen, was elected Presi- dent, and Franklin W. Hurd, Exective Board Member for the ensuing year. The members also attended the annual meeting of the Massa- chusetts Selectmen's Association in Lenox, Mass., and took part in discussions on town governmental problems.
287
REPORT OF THE BOARD OF SELECTMEN
A petition was received from several thousand registered voters requesting the Selectmen to take favorable action for the conveyance of a portion of the land on Summer Street for the purpose of con- structing a parochial high school and athletic field. As a result of said petition, the Selectmen called a Special Town Meeting to be held January 9, 1956, to allow the town to act on the matter. On this date, the Town Meeting members unanimously voted the trans- fer.
The remodelling and furnishing of the Selectmen's new quar- ters to be located in the west wing of the Robbins Memorial Town Hall is nearing completion.
The Board wishes to publicly commend Mr. Edward C. Mona- han, Town Manager, for his capable and conscientious administra- tion during this most difficult time.
The Board also wishes to record its appreciation of the efficient services of its Secretary, Mr. Frank K. Nicksay, Mrs. Catherine Harrigan, Mrs. Christine Callahan, and Miss Mary Wall. Their attention to the many details, connected with the duties of the Selectmen, and their accurate and ready information was of great assistance in carrying on the work of the Board.
FRANKLIN W. HURD THOMAS R. RAWSON JOSEPH P. GREELEY MARCUS L. SORENSEN GEORGE A. HARRIS
Selectmen of the Town of Arlington
288
ARLINGTON TOWN REPORT
Library Funds
ROBBINS LIBRARY ART FUND 1955
Principal of Fund
$25,000.00
Gain of Capital Assets
1,770.04
Accumulated Income
16,501.69
$43,271.73
Receipts
Interest on:
Series G Bonds
$ 250.00
First National Bank Stock
580.50
U.S. Treasury 2 34 % Bonds 75/80
440.00
Arlington 5¢ Savings Bank
14.39
North Avenue Savings Bank
162.50
1,447.39
$44,719.12
Payments
Box Rent
$ 5.00
As per vouchers on file
4,537.75
4,542.75
$40,176.37
Investments
16M U.S. Treasury 2 34 % Bonds 75/80 .... $16,000.00
10M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56 10,000.00
200 Shares First National Bank Stock 9,560.00
15 Shares First National Bank Stock acquired at par 750.00
Arlington 5¢ Savings Bank, Book 20095
280.04
North Avenue Savings Bank, Book 78755
3,000.00
Harvard Trust Co. Checking Account
586.33
$40,176.37
TRUST AND INVESTMENT FUNDS
289
ROBBINS PRINT FUND 1955
Principal of Fund
$30,000.00
Balance of Income, December 31, 1954
3,424.17
$33,424.17
Receipts
Interest on:
Series G Bonds $ 650.00
Arlington 5¢ Savings Bank 209.25
859.25
Fund and Accumulated Income, December 31, 1955
$34,283.42
Investments
26M U.S. Treasury Series G Bonds 2 1/2 %
maturing 10/1/62
$26,000.00
Arlington 5¢ Savings Bank
Book 200162
8,283.42
$34,283.42
HENRY MOTT LIBRARY FUND
1955
Principal of Fund
$5,200.00
Gain of Capital Assets
225.00
$5,425.00
Balance of Income, December 31, 1954
720.95
$6,145.95
Receipts
Interest on:
Series G Bonds $ 125.00
Arlington 5¢ Savings Bank 32.11
157.11
$6,303.06
Investments
5M U.S. Treasury Series G Bonds 2 1/2 % maturing 11/1/58 $ 5,000.00
Arlington 5¢ Savings Bank, Book 15101 1,303.06
$6,303.06
290
ARLINGTON TOWN REPORT
E. NELSON BLAKE LIBRARY FUND 1955
Principal of Fund
Gain of Capital Assets
$4,000.00 696.57
Balance Income, December 31, 1954
$4,696.57
630.26
$5,326.83
Receipts
Interest on:
Series G Bonds $ 100.00
Arlington 5¢ Savings Bank 38.00
138.00
$5,464.83
Investments
4M U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56
$ 4,000.00
Arlington 5¢ Savings Bank, Book 52201
1,464.83
$5,464.83
EMMA L. SPRAGUE LIBRARY FUND
1955
Principal of Fund $17,938.48
Balance Income, December 31, 1954 2,407.42
$20,345.90
Receipts
Interest on:
Series G Bonds $ 375.00
Charlestown Savings Bank 157.58
532.58
Fund and Accumulated Income, December 31, 1955
$20,878.48
Investments
15M U.S. Treasury Series G Bonds 2 1/2 % maturing 4/1/61 $15,000.00 Charlestown Savings Bank, Book 253395 5,878.48
$20,878.48
TRUST AND INVESTMENT FUNDS
291
FRANCIS E. THOMPSON LIBRARY FUND 1955
Principal of Fund
$ 8,181.54
Balance of Income, December 31, 1954
1,088.39
$ 9,269.93
Receipts
Interest on:
Series G Bonds $ 200.00
Arlington 5¢ Savings Bank 37.57
237.57
Fund and Accumulated Income, December 31, 1955
$ 9,507.50
Investments
6M U.S. Treasury Series G Bonds 2 1/2 %
maturing 7/1/56 $ 6,000.00
2M U.S. Treasury Series G Bonds 2 1/2 % maturing 1/1/62 2,000.00
Arlington 5¢ Savings Bank, Book 64753
1,507.50
$9,507.50
SARAH ROSS VAUGHN LIBRARY FUND 1955
Principal of Fund
$ 1,000.00 Balance of Income, December 31, 1954 .... 126.36
$ 1,126.36
Receipts
Interest on Arlington Co-operative Bank
32.73
$ 1,159.09
Investment
Arlington Co-operative Bank, Savings Shares Account #417 $ 1,159.09
292
ARLINGTON TOWN REPORT
M. HELEN TEELE LIBRARY FUND 1955
Principal of Fund $ 1,000.00
Balance of Income, December 31, 1954
104.52
$ 1,104.52
Receipts
Interest on:
Series G Bonds $ 25.00
Arlington 5¢ Savings Bank 2.95
27.95
Fund and Accumulated Income, December 31, 1955
$ 1,132.47
Investments
1M U.S. Treasury Series G Bonds 21/2 %
maturing 11/1/62
$
1,000.00
Arlington 5¢ Savings Bank, Book 201472
132.47
$
1,132.47
TIMOTHY WELLINGTON LIBRARY FUND
1955
Principal of Fund $ .. . . . . 100.00 ..
Receipts
Interest on Arlington 5¢ Savings Bank
2.79
$ 102.79
Payments
Paid Town for disbursement
2.79
$
100.00
Investment
Arlington 5¢ Savings Bank, Book 15103 $ ............. 100.00
293
TRUST AND INVESTMENT FUNDS
ELLEN W. HODGDON LIBRARY FUND
1955
Principal of Fund
$ 1,000.00
Receipts
Interest on:
Series G Bonds $ 25.00
Arlington 5¢ Savings Bank .47
25.47
$ 1,025.47
Payments
Paid Town for disbursement 25.47
$ 1,000.00
Investments
1M U.S. Treasury Series G Bonds 2 1/2 % maturing 7/1/56
$ 1,000.00
CHILDREN'S BOOK FUND
1955
Principal of Fund $ 5,000.00
Gain of Capital Assets
882.24
$ 5,882.24
Receipts
Interest on:
First National Bank Stock $ 361.80
Arlington 5¢ Savings Bank 19.76
381.56
Payments
Paid Town for disbursement 381.56
$ 5,882.24
Investments
9 Shares First National Bank Stock $ 450.00
125 Shares First National Bank Stock 4,950.00
Arlington 5¢ Savings Bank, Book 57012 482.24
$ 6,263.80
$ 5,882.24
294
ARLINGTON TOWN REPORT
LOUISE S. GRUBER LIBRARY FUND 1955
Principal of Fund $ 2,000.00
Receipts
Interest on North Avenue Savings Bank 78.38
$ 2,078.38
Payments
Paid Town for disbursement
78.38
$ 2,000.00
Investments
North Avenue Savings Bank, Book 79392
$ 2,000.00
DEXTER RAWSON FAY LIBRARY FUND 1955
Principal of Fund $ 1,741.60
Receipts
Interest on:
Arlington Co-operative Bank
$
48.00
Arlington 5¢ Savings Bank,
Book 51672
4.56
52.56
$ 1,794.16
Paid Town for disbursement
Payments
52.56
$ 1,741.60
Investments
8 Matured Shares
Arlington Co-operative Bank $ 1,600.00 Arlington 5¢ Savings Bank, Book 51672 141.60
$ 1,741.60
HUGH A. MALLON, JR. MOLLY F. YOOD
ROBERT J. BROSNAN EDMUND L. FROST MARGARET H. SPENGLER Library Trustees
J. WILBERT ANDERSON, Town Treasurer CARMEN T. FORITANO, Town Accountant
295
TRUST AND INVESTMENT FUNDS
Report of the Trustees of The Elbridge Farmer Fund
1955
INCOME ACCOUNT
Undistributed Income Balance - 12/31/54
$ 32.18
Arlington Five Cents Savings Bank
275.00
Boston Five Cents Savings Bank
90.00
Cambridge Savings Bank
284.13
Cambridgeport Savings Bank
325.00
Franklin Savings Bank
83.46
Harvard Trust Co. - Savings Book A2992
7.98
Provident Institution for Savings - Boston
90.00
Suffolk Savings Bank - Boston
90.00
U. S. Treasury Series G Savings Bond due 1/1/56
300.00
$ 1,577.75
DISBURSEMENTS
Harvard Trust Co. - Safe Deposit Box Rent
$ 5.50
Town of Arlington - Elbridge Farmer Fund
for benefit of Robbins Library 1,570.00
$ 1,575.50
Balance - Undistributed Income - 12/31/1955
Harvard Trust Company, Savings Department 2.25
$ 1,577.75
INVESTMENT ACCOUNT
Arlington Five Cents Savings Bank $ 10,000.00
Boston Five Cents Savings Bank 3,000.00
Cambridge Savings Bank 9,299.68
Cambridgeport Savings Bank
10,000.00
Franklin Savings Bank
2782,77
Provident Institution for Savings - Boston
3,000.00
Suffolk Savings Bank - Boston
3,000.00
$12,000. U. S. Treasury Series G Savings Bonds due 1/1/56 12,000.00
$ 53,082.45
EVERETT C. BRYANT FRANCIS KEEFE EDMUND L. FROST ARTHUR O. YEAMES GARDNER C. PORTER EDWARD P. CLARK Trustees
296
ARLINGTON TOWN REPORT
ROBBINS HOUSE MAINTENANCE FUND 1955
Principal of Fund $ 48,189.03
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