USA > Massachusetts > Middlesex County > Arlington > Town of Arlington annual report 1961 > Part 27
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5,000.00
$5,000 Southern Railway Equipment Trust, 3 3/4's, 1/15/66. . $10,500 U. S. Treasury Bonds, 4's, 2/15/80
4,981.30
10,395.00
$53,082.45
GARDNER C. PORTER EDMUND L. FROST FRANCIS KEEFE EDWARD P. CLARK ARTHUR O. YEAMES EVERETT C. BRYANT
294
ARLINGTON TOWN REPORT
Library Funds
ROBBINS LIBRARY ART FUND 1961
Principal of Fund. . $25,000.00
Gain of Capital Assets. 12,187.73
Accumulated Income . 17,805.89
$54,993.62
Receipts
Interest on:
20M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963. . $ 975.00
16M U.S. Treasury 2 3/4% Bonds, Apr. 1, 75/80 . 440.00
Arlington Cooperative Bank Shares . . 381.25
Arlington Five Cents Savings Bank, Acct. #20095 . 132.07
North Avenue Savings Bank, Acct. #78755.
114.39
2,042.71 $57,036.33
Payments
Box Rent. .
$ 6.00
Bills per Vouchers on File.
4,134.57
4,140.57 $52,895.76
Investments
20M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963. . $19,950.00 16M U.S. Treasury 2 3/4% Bonds, Apr. 1, 75/80 . 16,000.00
50 Arlington Cooperative Bank Shares 10,000.00 Arlington Five Cents Savings Bank, Acct. #20095. 3,651.39
Harvard Trust Co., Checking Account 294.37
North Avenue Savings Bank, Acct. #78755
3,000.00
$52,895.76
HENRY E. DODGE LIBRARY FUND
1961
Principal of Fund . . $ 2,000.00
Balance of Income, December 31, 1960. 53.20
$ 2,053.20
Receipts
Interest on:
2M U.S. Treasury Bills . $ 59.15
Arlington Five Cents Savings Bank, Acct. #217305 5.28
64,43
$ 2,117.63
Payments
Paid Bills per Vouchers on File 2.017.27 $ 100.36
295
TRUST AND INVESTMENT FUNDS
Investment Transactions in 1961
2M U.S. Treasury Bills sold May 22, 1961 @ 99.6475 to pay for Remodelling ($1,872.27) Balance deposited in Arlington Five Cents Savings Bank Investments
Arlington Five Cents Savings Bank, Acct. #217305 $ 100.36
ROBBINS PRINT FUND
1961
Principal of Fund . $30,000.00
Balance of Income, December 31, 1960. 9,141.34
$39,141.34
Receipts
Interest on:
26M U.S. Treasury 22% Bonds, Oct. 1, 1962 $ 650.00
4M U.S. Treasury 4% Bonds, Feb. 15, 1980 . 160.00
Arlington Five Cents Savings Bank, Acct. #200162 331.56
1,141.56 $40,282.90
Payments
Paid bill as per Voucher on File .
73.63
$40,209.27
Investments
26M U.S. Treasury 22% Bonds, Oct. 1, 1962 $26,000.00
4M U.S. Treasury 4% Bonds, Feb. 15, 1980 . 3,960.00
Arlington Five Cents Savings Bank, Acct. #200162 10,249.27
$40,209.27
HENRY MOTT LIBRARY FUND
1961
Principal of Fund . $ 5,200.00
Gain of Capital Assets.
225.00
$ 5,425.00
Balance of Income, December 31, 1960.
1,843.68
$ 7,268.68
Receipts
Interest on:
5M U.S. Treasury 4% Bonds, Feb. 15, 1980 .... .
$ 200.00 Arlington Five Cents Savings Bank, Acct. #15101 . 84.55
284.55
Fund and Accumulated Income, December 31, 1961.
$ 7,553.23
Investments
5M U.S. Treasury 4% Bonds, Feb. 15, 1980 .... . $ 4,950.00 Arlington Five Cents Savings Bank, Acct. #15101 . 2,603.23
$ 7,553.23
296
ARLINGTON TOWN REPORT
E. NELSON BLAKE LIBRARY FUND
1961
Principal of Fund . $ 4,000.00 Gain of Capital Assets. 696.57
$ 4,696.57
Balance Income, December 31, 1960 1,720.45
$ 6,417.02
Receipts
Interest on:
4M U.S. Treasury 4% Bonds, Feb. 15, 1980. . $ 160.00
Arlington Cooperative Bank Shares 76.25
Arlington Five Cents Savings Bank, Acct. #52201 . 18.61
254.86
Fund and Accumulated Income, December 31, 1961.
$ 6,671.88
Investments
4M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 3,960.00
10 Arlington Cooperative Bank Shares . . 2,000.00
Arlington Five Cents Savings Bank, Acct. #52201 . 711.88
$ 6,671.88
EMMA L. SPRAGUE LIBRARY FUND
1961
Principal of Fund . $17,938.48
Balance Income, December 31, 1960 5,991.56
$23,930.04
Receipts
Interest on:
15M U.S. Treasury 22% Bonds, Apr. 1, 1961 $ 187.50
25C U.S. Treasury 4% Bonds, Feb. 15, 1980 100.00
Charlestown Savings Bank, Acct. #253395 . 255.42
South Boston Savings Bank, Acct. #224448. 303.74
846.66 $24,776.70
Investment Transactions
15M U.S. Treasury Bonds 22%, matured April 1, 1961 Proceeds deposited in South Boston Savings Bank, Acct. #224448
Investments
25C U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 2,475.00
Charlestown Savings Bank, Acct. #253395. 6,810.46
South Boston Savings Bank, Acct. #224448. 15,491.24
$24,776.70
297
TRUST AND INVESTMENT FUNDS
FRANCIS E. THOMPSON LIBRARY FUND 1961
Principal of Fund . $ 8,181.54
Balance of Income, December 31, 1960. 2,899.42
$11,080.96
Receipts
Interest on:
2M U.S. Treasury 22% Bonds, Jan. 1, 1962 $ 50.00
6M U.S. Treasury 4% Bonds, Feb. 15, 1980. 240.00
Arlington Cooperative Bank Shares . 76.25
Arlington Five Cents Savings Bank, Acct. #64753 . 44.54
410.79
Fund and Accumulated Income, December 31, 1961. $11,491.75
Investments
2M U.S. Treasury 22% Bonds, Jan. 1, 1962 $ 2,000.00
6M U.S. Treasury 4% Bonds, Feb. 15, 1980. 5,940.00
10 Arlington Cooperative Bank Shares . . 2,000.00
Arlington Five Cents Savings Bank, Acct. #64753 .
1,551.75
$11,491.75
SARAH ROSS VAUGHN MEMORIAL FUND
1961
Principal of Fund. . $ 1,000.00
Balance of Income, December 31, 1960. 355.72 .
$ 1,355.72
Receipts
Interest on:
1M U.S. Treasury 4% Bonds, Feb. 15, 1980. . $ 40.00
Arlington Cooperative Bank, Acct. #T417 . 14.52
54.52
Fund and Accumulated Income, December 31, 1961.
$ 1,410.24
Investments
1M U.S. Treasury 4% Bonds, Feb. 15, 1980.
$
990.00
Arlington Cooperative Bank, Acct. #T417 420.24
$ 1,410.24
M. HELEN TEELE LIBRARY FUND
1961
Principal of Fund . $ 1,000.00 Balance of Income, December 31, 1960. 287,64
$ 1,287.64
298
ARLINGTON TOWN REPORT
Receipts
Interest on:
1M U.S. Treasury Bonds 22%, Nov. 1, 1962 ..... $ 25.00 Arlington Five Cents Savings Bank, Acct. #201472 10.34
$ 35.34
Fund and Accumulated Income, December 31, 1961.
$ 1,322.98
Investments
1M U.S. Treasury Bonds 22%, Nov. 1, 1962 . $ 1,000.00 Arlington Five Cents Savings Bank, Acct. #201472 322.98
$ 1,322.98
TIMOTHY WELLINGTON LIBRARY FUND
1961
Principal of Fund .. $ 100.00
Balance of Income, December 31, 1960. 9.78 $ 109.78
Receipts
Interest on Arlington Five Cents Savings Bank, Acct. #15103 .
3.86
Fund and Accumulated Income, December 31, 1961. Investments $ 113.64
Arlington Five Cents Savings Bank, Acct. #15103 $ 113.64
ELLEN W. HODGDON LIBRARY FUND
1961
Principal of Fund . $ 1,000.00
Balance of Income, December 31, 1960.
.
99.33
$ 1,099.33
Receipts
Interest on:
1M U.S. Treasury 4% Bonds, Feb. 15, 1980 .... $ 40.00
Arlington Five Cents Savings Bank, Acct. #45368 . 1.84
41.84
$ 1,141.17
Payments
Paid Bill per Voucher on File.
98.53
$ 1,042.64
Investments
1M U.S. Treasury 4% Bonds, Feb. 15, 1980. ... $ 990.00 Arlington Five Cents Savings Bank, Acct. #45368 . 52.64
$ 1,042.64
299
TRUST AND INVESTMENT FUNDS
DEXTER RAWSON FAY LIBRARY FUND 1961
Principal of Fund . $ 1,741.60 Balance of Income, December 31, 1960. 172.00
$ 1,913.60
Receipts
Interest on:
15C U.S. Treasury 4% Bonds, Feb. 15, 1980 . . .
$ 60.00
Arlington Five Cents Savings Bank, Acct. #51672. 11.75
71.75 $ 1,985.35
Payments
Paid Bills per Voucher on File 163,27 $ 1,822.08
Investments
15C U.S. Treasury 4% Bonds, Feb. 15, 1980 .. . $ 1,485.00 Arlington Five Cents Savings Bank, Acct. #51672 . 337.08
$ 1,822.08
CHILDREN'S BOOK FUND
1961
Principal of Fund. . $ 5,000.00
Gain of Capital Assets. 8.390.85
$13,390.85
Balance of Income, December 31, 1961.
1,200.87
$14,591.72
Receipts
Interest on:
12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963. . $ 585.00 Arlington Five Cents Savings Bank, Acct. #57012. 77.13
662.13 $15,253.85
Payments
Paid Bills per Vouchers on File 884.27 $14,369.58
Investments
12M U.S. Treasury 4 7/8% Notes, Nov. 15, 1963. . $11,970.00 Arlington Five Cents Savings Bank, Acct. #57012. 2,399.58
$14,369.58
300
ARLINGTON TOWN REPORT
NATHAN PRATT LIBRARY FUND
1961
Principal of Fund . $10,000.00
Balance of Income December 31, 1960 745.90
$10,745.90
Receipts
Interest on:
10M U.S. Treasury 4% Bond, Feb. 15, 1980. . $ 368.51
Arlington Five Cents Savings Bank, Acct. #40850. 31.58
Cambridge Savings Bank, Acct. #179488 . 5.37
Premium on:
5M U.S. Treasury Bonds sold June 19, 1961
106.25
511.71 $11,257.61
Payments
Paid Bill per Voucher on File. 4.741,20 $ 6,516.41
Investment Transaction in 1961
Sold 5M U.S. Treasury 4% Bonds, Feb. 15, 1980 @ 101 4/32 Proceeds deposited in Arlington Five Cents Savings Bank
Investments
5M U.S. Treasury Bonds 4%, Feb. 15, 1980. . $ 4,950.00
Arlington Five Cents Savings Bank, Acct. #40850. 1,424.65
Cambridge Savings Bank, Acct. #179488. 141.76
$ 6,516.41
LOUISE GRUBER LIBRARY FUND
1961
Principal of Fund . $ 2,000.00
Balance of Income, December 31, 1960.
199,67
$ 2,199.67
Receipts
Interest on:
2M U.S. Treasury 4% Bonds, Feb. 15, 1980. $ 80.00
North Avenue Savings Bank, Acct. #79392.
9.78
89.78
Fund and Accumulated Income, December 31, 1961. $ 2,289.45
Investments
2M U.S. Treasury 4% Bonds, Feb. 15, 1980 $ 1,980.00
North Avenue Savings Bank, Acct. #79392. 309.45
$ 2,289.45
Francis A. Coughlin
Town Treasurer
Carmen T. Foritano
Town Accountant
J. Milton Washburn, Jr., Ch.
Robert J. Brosnan
Maude M. Thompson
Robert T. Uek
Molly F. Yood
Library Trustees
301
TRUST AND INVESTMENT FUNDS
Cemetery Funds
PERPETUAL CARE FUND
1961
Fund, January 1, 1961 .
$443,642.85
Gain of Capital Assets, 1961.
251.54
Received for Perpetual Care of Lots
19,475.00
$463,369.39
Receipts
Interest on:
First National Bank Stock $ 402.00
National Shawmut Bank Stock 520.00
U.S. Treasury Series K Bonds 690.00
U.S. Treasury 22% Bonds 63/68 750.00
712.50
U.S. Treasury 22% Bonds, 64/69
125.00
U.S. Treasury 22% Bonds, 65/70.
1,875.00
U.S. Treasury 22% Bonds, 66/71 .
625.00
U.S. Treasury 22% Bonds, 67/72.
157.50
U.S. Treasury 4% Bonds, Feb. 15, 1980
1,800.00
Southern California Edison Bonds
997.50
Pacific Gas and Electric 3% Bonds
150.00
American Tel. and Tel. Bonds
968.75
Arlington Five Cents Savings Bank, Acct. #72902. Boston Five Cents Savings Bank, Acct. #1039471 . Cambridge Savings Bank, Acct. #159502
3,340.47
Charlestown Savings Bank, Acct. #233796
409.65
North Avenue Savings Bank, Acct. #78733 . 700.68
Provident Institution for Savings, Acct. #603700. . 338.49
Suffolk Franklin Savings Bank, Acct. #4004834.
502.50
16,100.08 $479,469.47
Payments
Box Rent. . $ 9.00
Disbursed from Fund to Town. 16,091.08
16.100.08 $463,369.39
Investment Transaction in 1961
Received 19 1/7 Shares Stock Dividend, First National Bank Transferred $25,000.00 from Arlington Five Cents Savings Bank to Suffolk Franklin Savings Bank.
Investments
30M U.S. Treasury 22% Bonds, June 15, 63/68. .. $30,000.00
5M U.S. Treasury 22% Bonds, June 15, 64/69. . . 5,000.00
75M U.S. Treasury 22% Bonds, March 15, 65/70 . 75,000.00 25M U.S. Treasury 22% Bonds, March 15, 66/71 . 25,000.00 63C U.S. Treasury 22% Bonds, March 15, 67/72 . 6,300.00
15M U.S. Treasury 4 3/4% Notes, May 15, 1964 .. 14,962.50
25M U.S. Treasury Series K Bonds, Jan. 1, 1966 . 25,000.00
45M U.S. Treasury 4% Bonds, Feb. 15, 1980 44,531.25
5M Pacific Gas & Electric Bonds 1970 5,000.00
738.01
297.03
U.S. Treasury 4 3/4% Bonds, May 15, 1964
302
ARLINGTON TOWN REPORT
100 First National Bank Shares
$ 4,175.00
34 First National Bank Shares dist. @ par 1,700.00
19 First National Bank Shares dist. @ par 200 National Shawmut Bank Shares
237.50
5,000.00
25,000.00
21,000.00
13,794.19
7,851.99
89,717.59
Charlestown Savings Bank, Acct. #233796 . 10,829.53
North Avenue Savings Bank, Acct. #78733 . 18,818.98
Provident Institution for Savings, Acct. #603700. . Suffolk Franklin Savings Bank, Acct. #4004834. . 25,502.50
$463,369.39
SAMUEL C. BUCKNAM CEMETERY FUND
1961
Principal of Fund Income Account $ 2,000.00
Balance Income January 1, 1961
770.62
Interest on:
2M U.S. Treasury 34% Bonds, June 15, 83/78 . .. $ 65.00
Arlington Five Cents Savings Bank, Acct. #12248. 27.31 92.31
$ 2,862.93
Investments
2M U.S. Treasury 34% Bonds, June 15, 83/78 ... $ 2,000.00 Arlington Five Cents Savings Bank, Acct. #12248. 862.93
Fund and Accumulated Income, December 31, 1961. . . . $ 2,862.93
ROBBINS CEMETERY FUND
1961
Principal of Fund
$
5,000.00
Income Account
Balance Income, January 1, 1961. 2,062.26
Interest on:
5M U.S. Treasury 34% Bonds, June 15, 83/78 . . . $ 162.50 Arlington Five Cents Savings Bank, Acct. #6758. . 73.09
235.59 $ 7,297.85
Investments
5M U.S. Treasury 34% Bonds, June 15, 83/78 ... $ 5,000.00 Arlington Five Cents Savings Bank, Acct. #6758. . 2,297.85
Fund and Accumulated Income, December 31, 1961. . $ 7,297.85
Francis A. Coughlin Town Treasurer
Carmen T. Foritano
Town Accountant
John H. Callahan
T. Gordon Smith
Arthur L. McAvoy
Cemetery Commissioners
25M American Tel. & Tel. Bonds 7/1/90
21M Southern California Edison Bonds 7/1/82. . Arlington Five Cents Savings Bank, Acct. #72902. Boston Five Cents Savings Bank, Acct. #1039471 . Cambridge Savings Bank, Acct. #159502
8,948.36
TRUST AND INVESTMENT FUNDS
303
REPORT OF THE BOARD OF COMMISSIONERS OF TRUST FUNDS
E. NELSON BLAKE JR. MEMORIAL FUND 1961
Principal of Fund
$ 3,000.00
Receipts
Interest on:
3M U.S. Treasury 4%, Feb. 15, 1980 $ 120.00
Arlington Five Cents Savings Bank, Acct. #12541. 2.51
Cambridge Savings Bank, Acct. #179490. 1.14
123.65 $ 3,123.65
Payments
Disbursed from Fund to Town. 123,65 $ 3,000.00
Investments
3M U.S. Treasury 4%, Feb. 15, 1980
$ 2,970.00
Cambridge Savings Bank, Acct. #179490 30.00
$ 3,000.00
MARY CUTTER POOR WIDOWS' FUND
1961
Principal of Fund $ 613.11
Receipts
Interest on:
5C U.S. Treasury 22%, Dec. 15, 68/63 . $ 12.50
Arlington Five Cents Savings Bank Acct. #15105 4.16
16.66 $ 629.77
Payments
Disbursed from Fund to Town.
16.66
613.11 $
Investments
5C U.S. Treasury 22%, Dec. 15, 68/63 . $ 500.00 Arlington Five Cents Savings Bank, Acct. #15105. 113.11
$ 613.11
304
ARLINGTON TOWN REPORT
WILLIAM CUTTER SCHOOL FUND 1961
Principal of Fund .
$ 5,354.00
Receipts
Interest on:
55C U.S. Treasury 22%, Dec. 15, 68/63 $ 137.50 Arlington Five Cents Savings Bank, Acct. #15102. 8.10
145.60 $ 5,499.60
Payments
Disbursed from Fund to Town.
145.60
$ 5,354.00
Investments
55C U.S. Treasury 22%, Dec. 15, 68/63 $ 5,162.04 Arlington Five Cents Savings Bank, Acct. #15102. 191.96
$ 5,354.00
JULIA FILLEBROWN FUND
1961
Principal of Fund $ 100.00
Receipts
Interest on Arlington Five Cents Savings Bank, Acct. #15841 . $ 103.55
3.55
Payments
Disbursed from Fund to Town.
3,55
$ 100.00
Investments
Arlington Five Cents Savings Bank, Acct. #15841 $ 100.00
EDWIN S. FARMER POOR WIDOWS' FUND
1961
Principal of Fund .
$ 5,000.00
Receipts
Interest on: 5M U.S. Treasury 4%, Feb. 15, 1980 $ 200.00 Arlington Five Cents Savings Bank, Acct. #40379 . 4.19
Cambridge Savings Bank, Acct. #179489 . 1.91
206.10
$ 5,206.10
305
TRUST AND INVESTMENT FUNDS
Payments
Disbursed from Fund to Town $ 206.10
$ 5,000.00
Investments
5M U.S. Treasury 4%, Feb. 15, 1980 $ 4,950.00
Cambridge Savings Bank, Acct. #179489 . 50.00
$ 5,000.00
EDWIN S. FARMER RELIEF FUND 1961
Principal of Fund . $ 5,000.00
Gain of Capital Assets. 145.00
$ 5,145.00
Receipts
Interest on:
3M U.S. Treasury 4%, Feb. 15, 1980 $ 120.00
Arlington Cooperative Bank Shares . 76.25
Arlington Five Cents Savings Bank, Acct. #20873 . 8.90
Cambridge Savings Bank, Acct. #178870. 1.14
206.29
$ 5,351.29
Payments
Disbursed from Fund to Town.
206.29
$ 5,145.00
Investments
3M U.S. Treasury 4%, Feb. 15, 1980 $ 2,970.00
10 Arlington Cooperative Bank Shares . 2,000.00
Arlington Five Cents Savings Bank, Acct. #20873 . 145.00
Cambridge Savings Bank, Acct. #178870
30.00
$ 5,145.00
ANNIE L. HILL POOR WIDOWS' FUND
1961
Principal of Fund . $ 2,000.00
Receipts
Interest on:
2M U.S. Treasury 22%, Dec. 15, 68/63 .. $ 50.00
Arlington Five Cents Savings Bank, Acct. #61578 . .44
50.44
$ 2,050.44
Payments
Disbursed from Fund to Town.
50.44
$ 2,000.00
Investments
2M U.S. Treasury 22%, Dec. 15, 68/63 $ 2,000.00
306
ARLINGTON TOWN REPORT
MARIA L. HILL POOR WIDOWS' FUND 1961
Principal of Fund.
$ 2,000.00
Receipts
Interest on:
2M U.S. Treasury 4%, Feb. 15, 1980 $ 80.00
Arlington Five Cents Savings Bank, Acct. #67336 . 2.01
82.01
$ 2,082.01
Payments
Disbursed from Fund to Town. . 82.01
$ 2,000.00
Investments
2M U.S. Treasury 4%, Feb. 15, 1980 $ 1,990.00
Arlington Five Cents Savings Bank, Acct. #67336 . 10.00
$ 2,000.00
MUNICIPAL BUILDINGS INSURANCE FUND 1961
Fund and Accumulated Income, December 31, 1960. $80,385.06
Gain of Capital Assets. 62.51
$80,447.57
Receipts
Interest on:
Arlington Five Cents Savings Bank, Acct. #40412. $ 999.73
Cambridge Savings Bank, Acct. #178038 . 910.76
Cambridgeport Savings Bank, Acct. #254223 1,301.78
3,212.27 $83,659.84
Appropriated at Annual Town Meeting 10,000.00 $93,659.84
Investments
Arlington Five Cents Savings Bank, Acct. #40412. $34,235.30 Cambridge Savings Bank, Acct. #178038. 24,461.42
Cambridgeport Savings Bank, Acct. #254223 34,963.12
Fund and Accumulated Income, December 31, 1961. $93,659.84
NATHAN PRATT HIGH SCHOOL FUND 1961
Principal of Fund
$25,000
Receipts
Interest on: 25M U.S. Treasury 4%, Feb. 15, 1980. . $ 1,000.00 Arlington Five Cents Savings Bank, Acct. #40413 . 21.02 Cambridgeport Savings Bank, Acct. #249281 . 9.52
1,030.54 $26,030.54
307
TRUST AND INVESTMENT FUNDS
Payments
Disbursed from Fund to Town. $ 1,030.54 $25,000.00
Investments
25M U.S. Treasury 4%, Feb. 15, 1980. $24,750.00 Cambridgeport Savings Bank, Acct. #249281 250.00
$25,000.00
NATHAN PRATT POOR WIDOWS' FUND
1961
Principal of Fund
$ 5,000.00
Receipts
Interest on:
5M U.S. Treasury 4%, Feb. 15, 1980 $ 200.00
Arlington Five Cents Savings Bank, Acct. #40450. 4.19
Cambridge Savings Bank, Acct. #179488 . 1.91
206.10
$ 5,206.10
Payments
Disbursed from Fund to Town.
206.10
$ 5,000.00
Investments
5M U.S. Treasury 4%, Feb. 15, 1980
$ 4,950.00
Cambridge Savings Bank, Acct. #179488 50.00
$ 5,000.00
ROBBINS HOUSE MAINTENANCE FUND
1961
Principal of Fund
$48,189.03
Receipts
Interest on:
1M U.S. Treasury 2 3/4%, June 15, 60/65 $ 27.50
13M U.S. Treasury 22%, June 15, 64/69 325.00
5M U.S. Treasury 22%, March 15, 65/70 125.00
7M U.S. Treasury 22%, June 15, 67/72 175.00
22M U.S. Treasury 4%, Feb. 15, 1980 .. 880.00
Cambridge Savings Bank, Acct. #164923. 15.58
1,548.08 $49,737.11
Payments $ 12.00
Box Rent.
Disbursed from Fund to Town.
1,536.08
1,548.08 $48,189.03
308
ARLINGTON TOWN REPORT
Investments
1M U.S. Treasury 2 3/4%, June 15, 60/65 $ 1,000.00
13M U.S. Treasury 22%, June 15, 64/69 13,000.00
5M U.S. Treasury 22%, March 15, 65/70 5,000.00 7M U.S. Treasury 22%, June 15, 67/72 7,000.00
22M U.S. Treasury 4%, Feb. 15, 1980. 21,780.00
Cambridge Savings Bank, Acct. #164923 409.03
$48,189.03
ROBBINS SCHOLARSHIP FUND
1961
Principal of Fund . $10,000.00
Balance of Income, December 31, 1960. 211.40
$10,211.40
Receipts
Interest on:
10M U.S. Treasury 4%, Feb. 15, 1980 .. $ 400.00
Arlington Cooperative Bank Shares, Acct. #1631
.
14.87
414.87 $10,626.27
Payments
Disbursed from Fund for Scholarships in 1961. 414.32 Balance of Fund and Undistributed Income, Dec. 31, 1961 $10,211.95
Investments
10M U.S. Treasury 4%, Feb. 15, 1980. $ 9,900.00
Arlington Cooperative Bank Shares, Acct. #1631
.
311.95
$10,211.95
M. M. W. RUSSELL POOR WIDOWS' FUND
1961
Principal of Fund.
Receipts
$ 1,704.23
Interest on:
15C U.S. Treasury 22%, Dec. 15, 68/63 $ 37.50
Arlington Five Cents Savings Bank, Acct. #439 7.63
45.13
$ 1,749.36
Payments
Disbursed from Fund to Town.
45.13
$ 1,704.23
Investments
15C U.S. Treasury 22%, Dec. 15, 68/63 $ 1,500.00 Arlington Five Cents Savings Bank, Acct. #439 204.23
$ 1,704.23
309
TRUST AND INVESTMENT FUNDS
M. M. W. RUSSELL SCHOOL FUND 1961
Principal of Fund .
$ 5,327.86
Receipts
Interest on:
55C U.S. Treasury 22%, Dec. 15, 68/63 . $ 137.50 Arlington Five Cents Savings Bank, Acct. #9373. . 7.14
144.64
$ 5,472.50
Payments
Disbursed from Fund to Town 144.64 $ 5,327.86
Investments
55C U.S. Treasury 22%, Dec. 15, 68/63 $ 5,162.04 Arlington Five Cents Savings Bank, Acct. #9373. . 165.82
$ 5,327.86
SOLDIERS' MONUMENT FUND
1961
Principal of Fund . $ 2,000.00
Balance of Income, January 1, 1961 1,296.62
$ 3,296.62
Receipts
Interest on:
2M U.S. Treasury 34%, June 15, 83/78 ... $ 65.00
Arlington Five Cents Savings Bank, Acct. #6977. . 45.27
110.27 $ 3,406.89
Payments
Cleaning and Decorating Monuments 80.00 $ 3,326.89
Investments
2M U.S. Treasury 34%, June 15, 83/78 .. . $ 2,000.00 Arlington Five Cents Savings Bank, Acct. #6977. . 1,326.89
Fund and Accumulated Income, December 31, 1961. $ 3,326.89
310
ARLINGTON TOWN REPORT
EMMA L. SPRAGUE POOR WIDOWS' FUND 1961
Principal of Fund .
$ 17,938.47
Receipts
Interest on:
17M 5C U.S. Treasury 4%, Feb. 15, 1980 $ 700.00
Charlestown Savings Bank, Acct. #253396 . 35.69
735.69
$ 18,674.16
Payments
Disbursed from Fund to Town.
735.69
$ 17,938.47
Investments
17M 5C U.S. Treasury 4%, Feb. 15, 1980
$17,325.00
Charlestown Savings Bank, Acct. #253396 . 613.47
$ 17,938.47
FRANCIS E. THOMPSON SCHOLARSHIP FUND
1961
Principal of Fund . $436,931.64
Gain on Sale of Capital Assets 3,772.50
$440,704.14
Balance of Income not distributed in 1960 9,619.81
$450,323.95
Receipts
Interest on:
64M U.S. Treasury 24%, June 59/62. $ 356.04
48M U.S. Treasury 2 5/8%, February 1963 727.48
45M U.S. Treasury 5%, August 1964. 2,250.00
55M U.S. Treasury 4 5/8%, May 1965. 2,543.76
112M U. S. Treasury 3 5/8%, November 1967 2,714.14
50M U.S. Treasury 22%, March 65/70 1,250.00
532M U.S. Treasury 4%, February 1980
2,140.00
50M U.S. Treasury 32%, November 1980. 875.00
100M U.S. Treasury 32%, February 1990.
3,500.00
25M International Bank of Reconstruction and Development 44%, January 1979 . 1,062.50
Arlington Five Cents Savings Bank, Acct. #66122. 383.28
17,802.20 $468,126.15
Payments
Disbursed from fund for scholarships in 1961 $15,500.00 Premium and accrued' Interest paid for bonds
on exchange 10/17/61 1,710.00
17,210.00
$450,916.15
311
TRUST AND INVESTMENT FUNDS
Transactions in 1961
48M U.S. Treasury 2 5/8%, Feb. 1963 exchanged for 48M U.S. Treasury 3 5/8%, Nov. 1967
64M U.S. Treasury 24%, June 59/62 exchanged for 64M U.S. Treasury
3 5/8%, Nov. 1967
50M U.S. Treasury 22%, March 1970 3 1/2%, Nov. 1980
exchanged for 50M U.S. Treasury
Investments
45M U.S. Treasury 5%, August 1964 $ 45,000.00
55M U.S. Treasury 4 5/8%, May 1965 55,000.00
112M U.S. Treasury 3 5/8%, November 1967 112,000.00 532M U.S. Treasury 4%, February 1980 52,953.80
50M U.S. Treasury 32%, November 1980. 50,000.00
100M U.S. Treasury 32%, February 1990 100,000.00
25M International Bank of Reconstruction and Development 44%, January 1979. 25,000.00
Arlington Five Cents Savings Bank, Acct. #66122. 10,812.35
Arlington National Bank. 150.00
$450,916.15
Workmen's Compensation Fund
1961
Appropriated at Annual Town Meeting 1961
$ 35,000.00
Receipts
Interest on: Arlington Five Cents Savings Bank, Acct. #65361 . 960,74
$ 35,960.74
Payments
Disbursed from Fund to Town.
$ 35,960.74
FRANCIS A. COUGHLIN, Town Treasurer CARMEN T. FORITANO, Town Accountant
IRA M. JONES, Chairman JOSEPH P. HEALEY, Secretary HARRY H. BALDWIN, III Board of Commissioners of Trust Funds
312
ARLINGTON TOWN REPORT
Statement of the Collector of Taxes and Town Collector for the Year 1961
Collection Credits
Balance Uncollected Dec.31,1961
Taxes:
1957 Motor Excise
$ 165.60
1959 Motor Excise
2,583.02
$ 266.15
1960 Real Estate
138,452.86
2,420.15
1960 Personal .
5,541.59
2,242.09
1960 Motor Excise
260,858.69
17,374.30
1960 Poll
678.00
486.00
1961 Real Estate
6,488,371.68
134,077.34
1961 Personal .
424,186.50
9,583.27
1961 Motor Excise
702,199.94
122,285.23
1961 Poll
24,438.00
1,590.00
Special Assessments and Water Liens:
Moth (added to 1960 & 1961 Taxes) .
5,522.45
78.20
Water Liens (added to 1960 & 1961 Taxes).
7,211.53
589.75
Apportioned Assessments:
Sewer.
2,900.65
222.83
Sidewalk .
3,423.72
91.78
Street Betterment.
38,172.64
1,717.71
Water Main .
150.45
Unapportioned Assessments:
Sewer
4,489.85
6,907.20
Sidewalk .
3,642.26
5,697.05
Street Betterment.
24,130.94
45,667.44
Water Main .
3,683.14
2,668.30
Committed Interest:
Sewer, Sidewalk, Street Betterment
and Water Main.
12,886.14
651.30
Apportioned Assessments, Not Due:
Sewer.
1,307.04
12,023.22
Sidewalk .
916.44
15,203.75
Street Betterment.
17,620.66
217,737.50
Water Main
291.81
1,088.28
Water Rates
337,858.37
27,882.61
Departmental.
1,221,479.51
192,662.27
Interest Added .
6,662.83
Costs, Charges and Fees
3,250.80
$9,743,077.11
$821,213.72
FRANCIS A. COUGHLIN Collector of Taxes and Town Collector
313
REPORT OF THE CONTRIBUTORY RETIREMENT SYSTEM
Report of the Contributory Retirement System
1961
Balance January 1, 1961.
$1,324,349.50
Contributions - Employees.
138,937.88
Interest on Investments
54,258.48
Appropriation - Town
89,728.00
$1,607,273.86
EXPENDITURES
Pensions.
$ 120,267.15
Refunds
15,329.39
Expenses
2,485.28 $ 138,081.82
Balance, December 31, 1961. $1,469,192.04
INVESTMENTS
Harvard Trust Company - Checking Account . $ 9,192.04
Provident Institution for Savings 50,000.00
Suffolk-Franklin Savings . 5,000.00
N.Y., Chicago & St. Louis R.R. Bonds - 3 3/8% - 8/1/62 ..
25,000.00
Western Maryland Ry. Co. Bonds - 3 3/8% - 6/1/63 .
25,000.00
U.S. Treasury 3 5/8% Notes - 2/15/62.
85,000.00
U.S. Treasury 2.5/8% Notes - 2/15/63
96,000.00
U.S. Treasury 34% - 5/15/63
135,000.00
U.S. Treasury 22% Bonds - 6/15/62.
40,000.00
U.S. Treasury 4 7/8% Notes - 11/15/63
70,000.00
U.S. Treasury Notes 4 3/4% - 5/15/64 .
52,000.00
U.S. Treasury 5% Notes - 8/15/64.
180,000.00
U.S. Treasury 4 7/8% Notes - 11/15/64
45,000.00
U.S. Treasury 4 5/8% Notes - 5/15/65 .
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