Full text of Commercial and Financial Chronicle : June 1, 1918 : State and City Section, Vol. 106, No. 2762

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ST It ATV

CIT

SECTION
COMMERCIAL & FINANCIAL HRONICLE.
OF THE

Copyrighted in 1918 according to Act of Congress, by WILLIAM B. DANA COMPANY,in office of Librarian of Congress, Washington, D. C.

Vol. 106.

NEW YORK, JUNE 1 1918

STATE AND CITY SECTION.
The State and City Section, issued semi-annually on the last Saturday
of May and November, is furnished without extra 'charge to 'wary annual
subscriber of the Commercial and Financial Chronicle.
Terms for the Chronicle, including this and five other Sections,or Supplements. issued periodically and all furnished without extra charge to
annual subscribers, are Ten Dollars per annum within the United States,
Thirteen Dollars (which includes postage) in Europe and $11.50 in Canada.
WILLIAM B. DANA COMPANY. Publishers.]
Front, Fine and Depeyster Streets,
P. 0. Box 3, Wall St. Station.
New York.

DATE OF ISSUE OF THIS PUBLICATION
As previously explained, owing to the great pressure for space, this periodical is now issued in two
parts. The first part, comprising the New England
and the Middle and the Central States (the latter
embracing Ohio, Indiana, Illinois and Michigan), is
published in the first half of the year and appears
to-day. The second part, comprising the rest of
the country, is published towards the close of the
year, and will appear next November.
This change is forced upon us by the constant addition to the number of municipal bond issues and
the inability to compress the information concerning
the same within the limits of a single number.
Not only are the older and more important civic
corporate bodies uninterruptedly putting out further
bonded obligations, but many of the minor places,
previously free from debt, have also entered the
ranks of borrowing communities and are steadily
creating new issues. Besides this, in the •newer
sections of the country where expansion and development are such noteworthy characteristics of affairs,
new civil divisions are all the time springing into
existence. The result is that the demands for ad-j
ditional space have outgrown our ability to provide
for them in the customary way, leaving no alternative but to issue the Supplement in two parts and to
assign a portion of the country to each part.
MUNICIPAL BOND SALES IN 1917.
The aggregate of municipal bonds disposed of
during the calendar year 1917 reached a larger figure
than might have been deemed likely considering the
conditions under which the obligations had to be
absorbed. The appearance of the United States
Government as a borrower on a large scale in the
investment markets necessarily had the effect of
fixing an entirely new standard for bond values.
The First Liberty Loan for $2,000,000,000 came in
May-June. These bonds bore only 3M% interest.
But in the bonds issued under the Second Liberty
Loan the rate was raised to 4%. Investors will



No. 2762.

always prefer a United States obligation over any
other form of investment at the same rate of interest.
In this case, too, these United States bonds were
issued in enormous amounts. Under the First
Liberty Loan offering the amount placed, as already
stated, was $2,000,000,000, the subscriptions actually
reaching $3,035,226,850. Under the Second Liberty
Loan, the nominal offering was $3,000,000,000, but
the Secretary of the Treasury announced beforehand that he would accept oversubscriptions to the
extent of 50% of their amount. Accordingly, $3,808,766,150 of bonds was placed under this offering,
making $5,808,766,150 for the two loans combined.
These offerings were of unparalleled magnitude
as far as the history of this country is concerned, and
they proved very tempting to investors, besides
which they had the spur of patriotism behind them
to induce purchases. To compete with an investment of this sort, municipalities had to raise their
rates of interest or find the bonds left on their hands.
In anticipation of the change, market values of the
older obligations began to adjust themselves to the
new order. And the process of adjustment, it deserves to be stated, was practically a continuous one,
the depreciation becoming more pronounced as the
year progressed and the demands of the United
States Government grew larger and more imperious.
As an indication of the change in the standard of
bond values for which the year will always remain
noteworthy, we may take the case of one of the New
York City issues actively dealt in on the New York
Stock Exchange, namely the 43/2s of 1965. These
bonds sold on Jan. 16 1917 at 111, at which figure the
yield to maturity was only 3.98%. That quotation
may be said to have represented the termination of
the upward movement of prices, and decline in yield,
which had marked the course of the calendar year
1916, when, in contradistinction to what happened
in 1917, there had been a steady and very marked
appreciation in values. These same bonds which in
January 1917 commanded 111, sold on Dec. 29 1917
at only 933
%, a decline of over 17 points. At the
lower figure, reached at the very close of the year,
the yield to maturity was no less than14.84%. It
must be admitted that there is a speculative element
in New York City bond issues that is not present in
most other municipal bonds and the variation here
disclosed may hence represent an extreme case,
indicative of deeper and wider depression than
characterized the municipal bond market as a whole,
but in a general way the change that occurred in tin

6

standard of values for obligations of that character
is fairly well reflected in the illustration given.
Perhaps one reason why the aggregate of the 1917
municipal bond disposals reached such comparatively
large figures is that the influence of declining values
and rising yields was not manifested to its full extent
until the latter part of the year and, therefore, the
restraint on bond selling was not very rigid. New
York City again furnishes a case in illustration, but
we may first refer to a State bond sale. In January
of the previous year (1916) New York State had
placed $25,000,000 of 4% bonds on an interest basis
of 3.85%. In April 1917 New York State was again
in the market with an offering of $25,000,000 4%
bonds and on the 5th of that month (the day before
the actual declaration of war by the United States
against Germany) these bonds were awarded at a
price to yield the purchaser only 3.79%-better even,
it will be noted, than the result for the preceding
year. New York City on its part came into the
market on July 12 1917 with an offering of $55,000,000 bonds, $47,500,000 maturing in 1967 and
the remainder ($7,500,000) payable serially from July
1 1918 to 1932, inclusive. By that time the influence
of the new conditions had already become noticeably
perceptible, though not to the extent that it did later
in 1917. In April of the previous year, New York
City had made a public offering of $55,000,000 corporate stock with the interest reduced to 414%
from 4
The long-term issue than went on an
interest basis of 4.125% and the 1-15-year serial
issue on a basis of about 4.03%. When it came to
the July 1917 offering, the city authorities, wisely
recognizing the alteration in money market and investment conditions, once more raised the rate of
interest to 4M%. This served to provide a market
for the bonds and also to secure a slight premium,
the entire issue going to a syndicate composed of
J. P. Morgan & Co., the First National Bank, the
National City Co., the Guaranty Trust Co., the
Bankers Trust Co., Brown Bros. & Co. and Harris,
Forbes & Co., at their bid of 100.6507, an income
basis of about 4.46% for the 50-year and 4.39% for
the 15-year serial bonds.
The conspicuous fact, therefore, in the placing
of new civic issues during 1917 was that municipalities had to pay a higher price for their borrowings.
The effect in reducing the year's totals of disposals
was, as already indicated, comparatively slight.
Our compilations, which are prepared with no little
care, show that altogether $451,278,762 of new
municipal obligations of a permanent character
found takers. This compares with $457,140,955,
the aggregate for 1916, with $498,557,993 for 1915,
the latter the maximum for any calendar year, with
$474,074,395 for 1914 and with $403,246,518 for
1913. Prior to this last-named Year, a total of
$400,000,000 had never been reached, and we may
add that the $200,000,000 mark was for the first time
passed as recently as 1.904.
It is when we come to examine the interest rates
in the new civic issues that we see most strongly
portrayed the new influences that so largely dominated the course of values-not alone in the municipal
bond market, but in other branches of the investment
field-after the United States • became a participant
in the great world conflict. Whereas in 1916




[VoL. 106.

STATE AND CITY SECTION.

45.07% of the new issues carried 4% and 431% interest, on the other hand in 1917 only 25.14% were
put out at these rates; the issues bearing 432% increased from 23.06% to 34.01% and the issues bearing 5% increased from 20.34% to 27.04%. Altogether 70.53% of all the bonds placed in 1917 were
issued at 43/ and 5% or higher rates of interest, as
against only 51.84% in 1916. The contrast as
compared with earlier periods is still more striking.
A dozen or mofe years ago the prevailing interest rates
in municipal bonds were 3%, 332% and 4%. The
issues at above 4% were relatively small. Now the
great bulk of the whole is at interest rates running
from 432% to 5% and above. We have prepared
the following summary to indicate the aggregate of
the bonds put out at the different interest rates for
1901, for 1906, for 1916 and for 1917. We exclude
the New York City sinking fund takings, as these
are usually low-rate issues and yet furnish no criterion
of market conditions.
COMPARATIVE INTEREST RATES, EXCLUDING NEW YORK CITY'S
SINKING FUND TAKINGS.
1917.
$

OS

PC
Total!

1916.
8

IPCof
1Total

1906.
$

P Co
Tota ,

1901.
$

P Col
Total

3 per cent_
30,0001 0.01 5,257,456 2.77 19,971,249114.25
3;; per cent
730,000 0.16 1,265,460, 0.28 19,169,650 10.09 88,693,288149.00
4 per cent__ 95,550,594 21.61 125,433,205 27.58 120,130,28083.22 27,578,476119.67
oi per cent 15,612,338 3.53 79,520,900 17.40
254,00 0.13
229,000 0.17
434 per cent 150,416,89334.01 104,890,83423.06 14,598,01 7.6:, 5,214,978 3.72
5 per cent__ 119,626,239 27.04 92,489,702 20.31 17,436,088 9.18 9,301,985 6.63
Higher than
5 per cent 41,869,344 9.48 38,380,202 8.44 7,146,959 3.76 2,758,797 1.97
Unknown dr
Unusual__ 18,460,351 4.17 12,735,652 2.80 6,027,828 3.17 6,439,746 4.59
Total_ _ _ _ 442.265.762 100.0 454.745.955 100.0 190.020.271 100.0140.185.499 100.0

In 1901, it will be seen, out of a total of $140,185,499 bonds placed, no less than $116,240,993, or
82.92% of the whole, consisted of 3s, 3s and 4s,
the 33/2s forming much the larger part, they comprising $68,693,268, or nearly one-half of the year's disposals. In 1917, on the other hand, with the total
of the sales raised to $442,265,762, only $730,000
of 325 were floated and no less than $311,912,476
of the year's issues, or 70.53%, were 43/
2s and 58
and higher.
In previous annual reviews we have pointed out
that taking a retrospect of the last dozen years, it
had been found that the increase in the output of
new issues had been especially pronounced in the
newer parts of the country, thus supporting the
inference that in the main these new issues represented normal outlays in behalf of the proper development of the cities and towns in those parts of the,
country. For 1917 this conclusion calls for some
Modification, inasmuch as study of the figures discloses that the South Atlantic division, the South
Central and the Western or Pacific division all show
diminished bond disposals, whereas the North Atlantic
and the North Central tiers of States record increased
takings. To bring out this fact, we again reprint
a table given by us before (but with the 1917 figures
added) and which shows the distribution of the bond
sales for the last twelve years among the different
geographical divisions of the country.
Cal.Years.

1917.

1916.

I

1915,

1914.

1013.

1912.

IS

s
IS
IS
North All. 175,977,945 174.405,716 208,213,654 228,783,498 164,152,029 161,386,631
Nor. Cent.141,313,094 128,078,530,137,203,751i108,924,972, 89,373,061 95,793,261
Total __ _ 317,290,713 302.484246345,422,405337,708,470
,246345,422,405337,708370 253,525,090257,179,892
South Atl. 31,13 1,437 40.984,531 41,916,520, 33,782,3001 31,353,750 23,740,800
Sou. Cent. 52,957,073 50,942,261 55,312,624 39,476,448: 44,219,396 37,157,894
Western or
1
Pao. Div. 49„596,099 56.729,917 55,906,444 63,107,1771 74,148,282 68,473,242
Total_ _. 133,988,009 154,656,709 153,135,588136,365,925149,721,428 129,371,936
Grand tot. 451.278.762457,140.955'l98.557,993474,074,395403,246,518386,551,828

JUNE, 1918.
Cal.Years.

1911.

I

1910.

I

1909.

1908.

1907.

1906.

$
I
$
I
$
$
$
$
North Atl. 183,316,289 147,241,669158,499,538 176,065,777 138,719,282 106,695,964
Nor. Cent. 77,979,556 72,476,8231 65,208,923 85,242,723 48,518,220 55,429,660
Total_ _ _ 261,295,839 219,718.492223,708,481 241,308,500 187,237,502 162,125,824

1

South At!. 20,785,700 22,623,806 15,173,700 20,142,5 e t 9,050,500 6,642,880
Sou. Cent. 43,501,676 24,873,4991 44,732,415 18,891,139 17,787,328 18,147,902
Pacific- 71,276,4371 52,820,396 55,809,984 33,455,410 13,561.878 14,826,940
Total__ 135,563,8071100,317,686115,716,099 72,489,049 40,405,706 39,617,722
Grand tot.396.859.646 320.036.181 339.424.560313.797.549227.643.208201.743.346

As far as the more prominent municipalities are
concerned, no very marked tendency is observable
either upward or downward. New York City, as
already shown, made public offerings exactly the
same in 1917 as in 1916, $55,000,000 being placed in
each year. Philadelphia put out $20,049,900, as
against only $15,000,000 in 1916, but the Philadelphia School District placed $2,500,000. in addition in the latter year. Chicago placed only
$3,171,000 in 1917, against $5,673,200 in 1916, but
the Chicago Sanitary District and the Chicago Park
Districts disposed of $3,155,000 in addition in 1917,
against only $1,255,000 in 1916. Boston sold $4,215,500 in 1917, against $5,406,450 in 1916 and
$7,377,100 in 1915. Cincinnati, with its school district, placed $3,306,752 in 1917, against $3,104,819
in 1916 and $4,535,943 in 1915. Cleveland and its
school district found a market for $9,074,200 in 1917,
against $8,475,500 in 1916 and $7,944,000 in 1915.
Columbus and its school district shows $1,741,500
new bonds for 1917, against $1,987,850 in 1916 and
$2,336,500 in 1915. Pittsburgh and the Pittsburgh
School District marketed only $264,000 in 1917,
against $1,170,000 in 1916 and $6,750,000 in 1915.
Baltimore disposed of no more than $1,494,000 bonds
in 1917, against $2,303,400 in 1916 and $8,800,000 in
1915. Newark sales were $2,465,000, against $1,724,000 in 1916 and $1,965,000 in 1915. For Providence, R. I., the footings are $1,422,000 for 1017,
$2,550,000 for 1916 and none for 1915. St. Louis
has not been in the market with any new offerings
for a good many years.
To complete our analysis of the bond disposals of
1917 we furnish below a comparison of the new
bond issues according to -the purposes for which
they were used or created.
1917.
5

7

STATE AND CITY SECTION

PCof
Total

1916.
$

PCof
Total

1915.
$

P Coil
Total

Full Cal. Year.
1912.
$

1P CO/
Total

Grand total 451,278,762 100.0 457.140,955 100.0498,557,993 100.0386,551,828 100.0
Refunding . 15,405,189 3.40 23,405.924 5.13 32,124,263 6.44 14,872,351 3.85
Net add'n_ _ 435,873,59396.60433,735.031 94.87 86,433.73003.561371,879.47796.15
28,416,797 6.30 38,513,971 8.42 44,352,572 8.90
Water
Sts., roads,
brldges,Sre 131,494,215 29.16 142,464,901 31.16 136,089,57527.29
Sewers _ _ _ _ 32,681,155 7.24 23,402,458 5.14 31,405,324 6.30
Schools_ _ _ _ 60,242,16s 13.35 70,261,177 15.37 80,199,400 16.09
Buildings _ 25,924,597 5.74 27,792,048 6.08 32,925,618 6.60
10,587,415 2.35 8,805,810 1.92 9,951,572 2.00
Parks
Light & gas 6,694,097 1.48 3.091.865 0.67 8,417.536 1.69
Funding dr
improve't 22,288,200 4.94 18,411,620 4.02 24,979,098 5.01
Miscellan's_ 117,544,941 26.04 100.991,181 22.09 98,133,035 19.68

ment of levees, irrigation bonds:street railway
bonds, &c., purposes of not sufficiently common
occurrence to warrant our providing an extra column
for the same in our full-page compilation. A footnote to the detailed table on the following page gives
the leading items that go to make up the "miscellaneous" column.
In conclusion we will reiterate what we have said
in previous years, namely that our figures deal only
with issues of a permanent character-such as, by
their nature, constitute a real addition to the debts
of the municipalities. We rigidly exclude floatingdebt obligations and everything of a temporary
nature, and we are careful also to avoid duplication
or the inclusion of loans that do not belong in the
footings. As the best explanation of our reasons for
excluding floating-debt obligations, we may refer to
the case of this city, which during 1917 issued no less
than $179,974,400 of temporary obligations in anticipation of taxes, and redeemed $165,869,948 of the
same class of obligations, and also issued $123,877,000
of corporate stock notes (a new form of obligation since 1912), and retired $140,778,500 of the
same.
In order that the reader may know what the grand
aggregate of the sales for the twelve months would be
with all these various items included, we will say
that the total in that event would be over $1,500,000,000. The actual municipal bond sales for the
twelve months within the territorial limits of the
United States were, we have seen, $451,278,762;
the temporary loans reached $395,326,999; sales
of permanent securities in Canada (including
$400,000,000 "Victory Loan," $250,000,000 Dominion of Canada loan, and $4,000,000 Provincial loans) were $701,286,567; general fund bonds
of New York City $25,000,000 and general fund
bonds of Baltimore $300,000, besides which Porto
Rico sold $300,000 bonds, the Territory of Hawaii
$1,550,000, and San Juan, Porto Rico $915,000
bonds, giving a grand total of $1,575,907,328. In
the following we furnish a five-year tabular comparison of the various classes of new issues:

59,853,707 15.48
89,407,92623.13
25,982,346 8.72
45,588,244 11.79
30,633,433 7.93
13,280,021 3.43
7,734,613 2.00
18,384,088 4.76
80,815,11920.91

Tntni net _ 435.873.59396.60433.735.031 94.87468.433.73603.58371.679.477 on 15

1917.

1916.

1915.

1914.

1913.

$
$
*
$
$
3
403,246,518
Perm.l'ns(U.S.)451,278,762 457,140,955 498,557.993 474,074,39
•Tempor.loans
395,326,999 300,795,629 249,251,883 384,809, , 550,428,549
(U. S.)
Canadian loans
(permanent)701,286,567 258,515,696 281,322,206 177,856..:0 161,543,983
Bonds U. S.
2,018.500
1.000,000
possessions_ 2,715,000
8,450,000
2,955.1 1 1
Gen.,fund b'ds
23,000,000
23,500,000
23,500,011
22,000.000
(N. Y. C.). 25,000,000
Gen. fund b'ds
300.000
300,000
300,000
300,000
300,000
(Baltimore) _
Total all l'ns
(12 months)1.575.907.328 1.048.702.280 1,054.450.5(32,1.063.295.61711.138.519.050
• Includes temporary securities (revenue bonds and corporate stock notes) issued
by New York City, 303,851,100 in 1917. 5229,409,452 in 1916, $154,858,878 in
1915, $300,922,414 in 1914 and $467,388,432 in 1913.

It will be noted that in 1917 the amount of temAfter apportioning the amounts under the different heads an aggregate of $117,544,940 remains for porary loans negotiated greatly increased over the
1917, it will be seen, under the designation "miscel- total for 1916. As a matter of fact, however, praclaneous" and the amounts for other years are also tically the entire difference is due to the increased
large. In explanation it should be said that this temporary borrowing of New York City, which in
item comprises mainly bonds issued for special pur- 1917 placed $303,851,400 of temporary loans, against
poses, like the canal bonds of New York State (of $229,409,452 in 1916.
A full-page tabular presentation of the sales of a
which $10,000,000 were put out in 1917), the $37,013,000 rapid transit and the $2,500,000 dock and permanent character within the limits of the United
ferry bonds of New York City, the $1,515,000 rapid States for the late year appears on the following page.
transit bonds of Boston, the $20,049,000 bonds sold In giving this compilation, we are continuing a
by Philadelphia for "various municipal purposes" 'practice begun by us with the bond transactions of
and transit improvement, and bonds for the improve- 1901.



[VOL. 106.

STATE AND CITY SECTION.

8

ANALYSIS OF MUNICIPAL BOND SALES FOR CALENDAR YEAR 1917.
RATES OF INTEREST.
STATES AND
GEOGRAPHICAL
DIVISIONS.

Grand
Total.

Stale
Bonds.

County
Bonds.

School
District
Bonds.

City, Town
& Village
Bonds.

700,000
1,709,000
748,500
180,000
238,000
18,726,339 5,024,100
2,147,500
175,000
7,238,000
105,724,616 25,000,000
11,540,230
27,905,500

2,177,115
2,452,500
799,000

1,009,000
683,500
58,000
13,248,239
1,972,500
7,238,000
1,636,600 76,910,901
346,163 8,741,567
2,988,300 24,118,200

Nor. Atlantic Div. 175,977,685 31,079,100

5,947,615

4,971,063 133,979,907

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania

Delaware
Maryland
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida

610,500
3,492,000
1,865,637
4,805,000
7,853,500
3,938,200
709,000
8,161,000

125,000
1,100,000
547,000

65,000
454,000

54,500
70,000
436,637
3,683,000
2,321,500
1,726,500
220,000
1,617,000

378,000
329,000
170,700
17,500
813,500

•
3 and 3%
Per Cent.

78,000
325,000
9,002,000

4
Per Cent.

4,884,034
105,500
2,979,000
2i,740,1565
925,438 61,389,248
1,145,000 6,257,054
991,000 2,165,500

261,500

1,030,000

2,909,349
2,143,577
576,500

566,543 1,814,413
585,000
98,000
686,500

5,890,926

664,543 4,125.913

69,963,529

8,037,438 77,890,336

125,000
2,594,000
32,000

485,500
840,000
1,036,000
450,000
360,000
2,289,500
273,000
250,000

1,763,200 17,825,000

3,298,000

12,189,030
8,852,604
1,400,000
1,552,800
1,271,000
240,000 4,530,779
3,019,265
1,760,000
45,000
1,300,000
460,000
509,416
655,130

9,270,911 39,759,276
2,136,340
853,760
592,700 7,653,020
2,140,000 5,858,734
253,500 5,077,439
2,197,800 6,861,737
3,615,500 3,279,377
940,200 2,646,800
461,200
411,300
188,500
538,000
1,130,983 2,612,680
1,558,826 3,489,461

681.377
1,765,124
7.789,500
1,851,100
505,000
2,985,300
269.000
675,000
486,200

1,540,000 30,245,024 24,835,960 78,692,084

100,000

547,000

1,772,000 10,074,637

North Central Div_ 141,313,068

45,000
65,000

431,000
2,322,000
1,429,000
744,000
4,656,000
2,041,000
471,500
5,730,500

9,405,000

-1217.666

325,000

Higher
Unknown
and
than
5
Per Cent. 5 Per Cent. Unusual.

2,236,000

61,219,217
11,842,704
9,645,720
9,551,534
6,601,939
13,830,316
9,914,142
5,347,000
917,500
2,486,500
4,253,079
5.703,417

Kentucky
Tennessee
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Arkansas

43
Per Cent.

$
1,664,000
595,500
238,000
9,989,805
2,042,000
1,519,000
29,117,625
1,311,599
23,486,000

Sou. Atlantic Div__ 31,434,837
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kausas

Per4gnt.

100,000

10,000

58,000
134,000
523,637
109,000
4,246,000
3,658,500 2,843,000
193,700
1,083,000
17,500
218,500
1,043,500 6,442,500

40,000

115;66
372,000
200,000
425,000

5,984,000 10,831,137 9,739,700 1,482,000

50,000
366,464

946,420 2,687,232
1,834,500 14,930,261 40,139,427
173,780
28,621
394,646
47,600 9,107,933
32,500
473,420
182,000 1,168,300
060,100
418,000 3,540,334 1,779,700 1,002,300
63,500
179,134
4,577,500 1,276,805
730.724
588,000 3,164,711 4,241,155 2,120,426
671,000
885,403
817,500 2,381,720 4,889,519
300.000
966,600
2,225,600 1,179,800
387,000
44,300
91,000 f:11-2:665
227,500
856,000
68,000
417,590
859,500 2,857,989
868,986
27,711
811,758
1,2-7-6;66 2,358,198

17,424,065

4,975,900 43,555,257 59,639,399 7,525,625 7,867.822
88,400
205,000
50,500
331,000
31,000
1,77-61;15776 293,000
376,000
2,772,279
3,489,500 1,083,000

628,646
1,452,202
428,000
2,805,556

1,827,046
9,602,402
2,218,500
4,312,556
9,842,400
12,692,390
6,527,279
5,934,500

240,000
2,380,000 3,290,500
395,000
„,2,241,100
4.400,000 2,897,500
5,349,630
2,006,046
750,000 2,644,000

250,000

128,600
390,400
1,867,420
1,571,500
671,000

1,460,046
3,606,902
1,823,500
1,942,856
2,154,500
5,475,340
2,949,733
1,869,500

South Central Div_ 52,957,073

7,530,000 19,063,776

5,080,920 21,282,377

750,000

580,000 10,667,000 25,164,020 13,338,153 2,457,900

850,746
83,200
296,100
799,000
363,500
200,000
41,300
431,687
2,158,035
185,700
2,791,600

125,000

409,000

485,000
168,000
910,000

500,000
1,010,000

25,000
1,072,500
1,500,000
7,759,800

Montana
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Idaho
Washington
Oregon
California

2,190,346
704,200
2,030,600
1,189,000
1,319,500
660,500
501,300
3,007,051
9,177,143
7,298,181
21,518,278

125,000
790,000
295,000

592,000
80,000
292,000
95,000
360,000

200,000
500,000
330,000
1,850,000
6,625,000

410,000
774,684
3,528,797
451,000
4,339,000

Western Division_ _ 49,596,099 10,715,000 10,922,481
Grand Total
Per cent
STATES AND
GEOGRAPHICAL
DIVISIONS.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania

100%
TOloi
Bonds.
1,709,000
748,500
238,000
18.726,339
2,147,500
7,238,000
105,724,616
11,540,230
27,905,500

610,500
3,492,000
1,865,637
4,805,000
7,853,500
3,938,200
709,000
8,161,000

11.66%

18.23%

Of Which
Leaving
for
Net
Refunding. Additions.
109,000 1,600,000
30,000
718,500
16,000
222,000
60,000 18,666,339
2,147,500
9,000 7,229,000
730,430 104,994,186
223,000 11,317,230
112,300 27,793,200

9.94%
For
Water.

203,000

596,000
260,500
50,000
1,300,780
3,160,311
4,811,481
7,762,678

250,000
1,925,000
1,625,000

60.17%

400,000

4,128,000
9,730,000

1,919,000 12,320,300 18,100,757 10,601,323 2,526,719

95,563,594 15,612,338 150,416,893 119,626,239 41,869,344 18,460,354

33.35%
26.51%
3.46%
21.17%
ISSUED FOR THE FOLLOWING PURPOSES.

2.15%

Streets and Sewers and Schools and General
Drainage. Sch. Bldg.,. Buildings.
Bridges.
200,000
91,500

9.27%

4.09%

Parks and Elec. Light Funding &
Museums. and Gas. Improot.
$

700,000
4,000
42,000
2,344,600
7,500
2,036,000
4.867,757
1,203,663
3,288,300

93,000
180,000
2,649,900

250,000

500,000
280,000

500,000
6,410,947
1,027,600
238,000

939,600
300,000
400,000
5,725.477
706,000
59,000

102,250 4,760,959
1,267,000
157,000
50,000
21,000 1,756,461 51,216,143
171,400 3,692,567
642,000
45,000 1,057,300 20,803,900

1,289.730 174,687,955 11,369,025

36,113.016

6,584,590 14,493,820 11,099,447

8,130,077

362,400 8,282,578 78,253,002

66,000

125,000

1,315,000
597,637
3,760,000
2,755,500
2,087,500
255,000
1,630,000

65,000
145,000
5,000
167,000
682,000
84,000
40,500
4,913,000

4,500
35,000
35,000
378.000
403,000
170,700
168,000
813,500

125,000
329,000
62,000

2,548,500

12,406,637

6,101,500

2,007,700

1,074,000

66,000

181,000 3,127,500 2,414,000

1,174,768 60,044,449
36,800 11,805,904
69,000 9,576,720
73,000 9,478,534
115,000 6,486,939
1,448,500 12,381,816
665,400 9,248,742
797,000 4,550,000
15,500
902,000
91,000 2,395,500
131,500 4,121,579
151,821 5,551,596

3,442,330

22,600,381
8,735,405
2,545,600
2,788,034
1,623,905
5,824,196
1,410,220
1,221,500
336,000

2,626,501
232,788
3,479,920
1,687,000
2.083,834
812,300
1,094,202
1,765,000

2,406,750
431,600
666,300
636,000
185,500
842,500
825,000
252,000

615,500
75,618
678,800
30,000
440,620
156,000
46,000

1,204,790
627,223

25,000
679,156
311,299

9,235,411
2,136,340
640,700
3,162,000
1,420,500
2,949,800
3,478,100
940,200
436,700
568,000
1,153,483
1,558,826

165,000
336,000
186,000

100,000
60,800

1,504,500 1,095,901 16,421,175
69,550
54,603
70,000
1,383,000
40,000
41,900
56,000
206,000
33,600
300,400
263,000
230,000
704,300
344,400
107,700
69,700 1,988,920
43,000
5,000
300,000
11,300
6,000
88,300
280,000 1.307,500
26,000
220,900
140,000
93,000
271,533 1,522,415

6,932,650

2,203,338

4,706,883 6,050,230 18,832,478

380,000
140,000
225,000
668,000
70,000
25,000

300,000

100,500
909,900
350,000
356,000
183,600
9,000
35,000
24,000
194,250
1,013,500

4,769,289 136,543,779

6,618,080 48,923,254 14,796,800 27,680,060

1,827,046
9,602,402
2,218,500
4,312,556
9,842,400
12,692,390
6,527,279
5,934,500

130,000 1,697,046
1,430,000 8,172,402
97,000 2,121,500
61,000 4,251,556
658,000 9,184,400
2,309,000 10,383,390
190,000 0,337,279
750,000 5,184,500

190,000
313,000
180,000
59,000
32,000
865,600
1,179,000
92,500

459,046
2,546,902
456,000
2,219,756
3,337,000
3,756,000
1,868,983
3,494,500

871,700
746,500
600,000
498,791
472,500

313,000
1,217.000
410,000
269.600
433,900
2,712,420
1,576,500
671,000

South Central Div_ 52,957,073

Western Division

305,000
1,451,757
3,308,900
1,655,700
8,568,700

25,000
605,346
163,000
181,500
59,100
317,500
900,500
35,000
225,500
141,300
55,000
929,294
101,000
1,773,508 1,764,235
391,034
1,826,397
3,554,778
10,000

2,367,905
300,000
660,000
1,055,685
630,500
970,500

North Central Div 141,313,068

Grand Total

481,000
373,200
677,000
871,500
410,000

4,541,900
273,000
1,656,000
25,461,916
2,817,500
1,071,200

834,225

61,219,217
11,842,704
9,645,720
9,551,534
6.601,939
13,830,316
9,914,142
5,347,000
917,500
2,486,500
4,253,079
5,703,417

Montana
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Idaho
Washington
Oregon
California

5,346,000
1,782,000

670,000
4,841,200
1,415,000
1,170,000
4,465,400
8,355,420
2,879,000
1,362,000

1,770,000
7,878,800
426,000
260,000

1,508,000 29,026,837

Kentucky
Tennessee
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Arkansas

500,000

100,000
3,024,000
325,000

$
200,000

5,000
30,000
567,000
1,459,000
77,500
110,000

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas

500,000

8,200,768 19,757,850

610,500
3,112,000
1,725,637
4,580,000
7,185,500
3,868,200
709,000
8,136,000

Sou. Atlantic Div.. 31,434,837

80,000

622,600
541,000
652,500

451,278,762 52,636,100 82,253,533 44,851,911 271,537,218

Nor. Atlantic Div_ 175,977,685
Delaware
Maryland
Virginia
West Virginia
North Crtrolina
South Carolina
Georgia
Florida

127;000
325,000

500,000
628,500

50,000
300,000
85,000
225,000
20,000
43,000 2,313,000
6,000
05,000
25,000
129,500
39,000
8,000

339,000
41,000
78,000
100,000

10,000
33,000

1,493,000
145,000
95,000
844,000
447,500

25,000
120,000

3,024,500

145,000

980,000
936,000
83,000
20,000
395,000

225,000
53,500
475,500
600,000
150,000
500,000
400,000 4,130,000
135,540 1,444,830
245,600' 326,005
75,000
400,000
54,000

1,10;866

36,500
10,000

5,625,000 47,332,073

2.911,100

18,138,187

4,317,991

7,603,420

2,190,346
704,200
2,030,600
1,189,000
1,319,500
660,500
501,300
3,007,051
9,177,143
7,298,181
21,518,278

1,709,346
646,200
1,659,000
1,189,000
1,319,500
660,500
501,300
06,400 2,910,651
527,150 8,649,093
679,000 6,619,181
21,5/.8,278

353,400
208,500
398,000

218,000

19,200
155,500
56,500

397,000
215,192
342,000
2,801,000

163,184
135,946
28,944
141,000

1,118,746
83,200
294,500
799,000
363,500
200,000
181,300
431,587
2,008,035
185,700
2,791,600

16,000
1,900,000
1,510,000
95,500

18,000
5,000

49,596,099

2,213,150 47,382 949

4,970,092

880,274

8,457,168

3,794,000

43,000

1,108,814 1,049,350 11,167,130

451,278,762 15,405,169 435,873,593 28,416,797 131,494,215 32,681,155 60,242,168 25,924,597 10,587,415

6,694,097 22,288,209 117544940

481,000
58,000
371,600

80,000
175,000

20,000
70,000
530,000
208,000
70,000
1,849,002
2,765,954
2,227,708
7,954,457
15,913,121

126,000
54,000

164,000
60,000
25,000
20,000
3,500

335,000 3,778,545 7,078.330

20,000

30,001)
790,000
295,000

250,000

2,000

5,000
20,000
200,000
20,000
51,878
400,936
45,000
386,000

840,930
383,000
276,829 1,985,000
119,521 7,224,200

Per cent
1.48%
4.94%
3.40%
7.24%
100%
5.74%
2.35%
0.30%
13.35%
96.60%
26.04%
29.16%
* Of the total of $9,730,000 issued as 3s and 3s,$9,000,000 were put out as 3s by New York City and purchased by its Sinking fund at par. All the remaining
bonds were sold as 3s.
Note.-In the column giving "Unknown and Unusual" rates of interest, the total of $18,460,354 is made up almost entirely of odd rates. For instance, of the
51.030,000 credited to Massachusetts. $500,000 represents State bonds issued as 35js and $500,000 as 43is. New York's total of $1,814,413 includes municipal'
bonds floated at rates of interest such as 4.10%, 4.20%, 4.30%, 4.35% 4.40%, 4.60%, 4.70%, 43%, 4.80%, 4.85% and 4.90%. In Ohio $1,000,500 were put
Cincinnati as 430. The South Dakota total includes $1,000,00d bonds issued by the State as 43(s. Of the Arkansas total, $750,000 were sold by the State
out
as 43 s. Washington's total includes 11,343,000 43% bonds.
'the column called "Miscellaneous' (as to purpose of issue) in the second table, amounting to $117,544,940, is accounted for in the main as follows: Mrs., State.
$500.000 soldiers' pay, $500,000 war and $1,000,000 Port of Boston (Harbor) bonds: Boston $1,515,000 rapid transit bonds, and the remainder issued by other cities
and towns for "various municipal purposes." New York, State, $10,000,000 canal; N. Y. City, rapid transit, $37,013,000; docks and ferries, $2,500,000. Pennsylvania.,
Phila. $20,049,900 for "various municipal purposes." Ohio, $15,000,000 Miami Conservancy Dist. and $1,000,000 river and channel bonds. 'South Dakota .State,
$1,000%000 rural credit and $300,000 expense warrants. Louisiana, State, $4,000,000 Port of Now Orleans (Harbor) bonds. Texas, $825,000 wharf and $525,000
Irrigation and levee bonds. Oregon, State, $450,000 farm loan and $1,535,000 harbor bonds put out in various districts. California, State, $1,000,000 harbor and
$625,000 basin, $1,484,000 county reclamation district bonds awl $3,982,700 irrigation district bonds.




JUNE, 1918.

9

UNITED STATES DEBT.

United States Debt and the Congressional Acts Authorizing It.
In the following detailed statement o. the debt of the United States, we give references to the laws authorizing each
of the issues of bonds outstanding to-day. At the moment the country is entering upon an entirely new era in its debt history. For the purpose of prosecuting •th war against Germany, new obligations are being issued on a scale of unparalleled magnitude. By the Act of April 4 1917 authority was conferred upon the Secretary of the Treasury to issue
$5,000,000,000 long-term bonds at not t xceed 33% interest ($3,000,000,000 of this being for the purpose of establishing
credits in the United States for the foreig Governments enlisted in the war against Germany),and $2,000,000,000 certificates
of indebtedness, the latter running for periods not exceeding one year. By the further Act of Sept. 24 1917, authority was
conferred to issue $7,538,945,460 convertible 4% bonds to retire the $3,000,000,000 non-taxable 332% issue authorized
to cover loans to the Allies, and to provide for new Allied credits of $4,000,000,000, the remaining $538,945,460 to be used for
converting certain outstanding bonds, including the Danish West Indies, Alaskan Railway, Panama Canal and naval construction issues. The bill also provided for the issuance of $2,000,000,000 each of one-year Treasury certificates of indebtedness and five-year war savings certificates. The interest rate on the certificates the Secretary of the Treasury is left to fix.
By the further Act of April 4 1918, amending the Act of Sept. 24 1917, authority was conferred to issue $12,000,000,000 of
bonds at not exceeding 4)4% interest, the 12 billion dollars, however, to include the bonds issued under the Second Liberty
Loan, and $3,638,945,460 being in lieu of corresponding amounts of unissued bonds authorized by previous notes. Under
the ;ame Act the limit upon the amount of certificates of indebtedness that may be outstanding at any one time was raised
from $4,000,000,000 to 88,000,000,000.
In June 1917 $2,000,000,000 of 3M% bonds were offered under the Act of April 24 1917. The subscriptions amounted
to $3,036,226,850, but only $2,000,000,000 was accepted. In Nov. 1917 conversion of these into 4% bonds having the
same length of time to run was begun under the convertible feature of the issue. In October 1917 an offering of $3,000,000,000 4s under the Act of Sept. 24 1917 was made. Subscriptions reached an aggregate of $4,617,532,300. In accordance
with previous announcement, one-half the over-subscription was accepted, making the total of bonds put out under this
offer $3,808,766,150. In April 1918 $3,000,000,000 of 43% non-convertible bonds were offered under the Act of April 4
1918. The subscriptions amounted to $4,170,019,650, all of which were accepted.
The Act authorizing the First Liberty Loan was given in the "Chronicle" of April 28, page 1649,with further particulars
in the issue of May 12 1917, page 1849, and the text of the Treasury circular in the issue of May 19, page 1959; and of the
Second Loan the full text of the bill as it became a law in the "Chronicle" of Sept. 29 1917, page 1252, and the text of the
Treasury circular in the issue of Oct. 6, page 1355. The Act authorizing the Third Liberty Loan was presented in the
"Chronicle" of April 6 1918, page 1404, and the text of the Treasury circular in the issue of April 13, page 1517. Certificates of indebtedness have been issued from time to time under the Act of April 24 1917 and the amendatory Acts of Sept. 24
1917 and April 4 1918, always for short periods.
In the following we present a full detailed statement of the debt of the United States as reported by the Treasurer at
the close of business on Mar. 31 1918, this being the very latest monthly return issued at the time of going to press.
INTEREST-BEARING DEBT OUTSTANDING MARCH 31 1918.
Outstanding.
Title of Loan.

Authorizing Act.

When
Rate. Redeemable.

Interest
Payable.

Amount
Issued.

Registered.

Coupon.

Total.

I
$
646.250,150 597.603,350 2,120,700
198,792,660 48,733,100 15,212,360
162,315,400 102,427,550 16,062.350

599.724,050
25 April 1 1930J,A, J & 0
3
March 14 1900
Consols of 1930
63,945,460
A t.Aug.1 '08 l, M, A & N
June 13 1898
Loans of 1908-1918
118.489,900
4% Aft.Feb.1 '25 F. M, A & N
January 14 1875
Loan of 1925
Loan:
Canal
Panama
48,954,180
10,140
Aft.Aug.1 '16 F, M, A & N
54,631,980 48,944,040
June 28 1902 and Dec. 21 1905_
Series 1906
25,947,400
141,880
30,000,000 25,805,520
Aft.N.ov.1 '18 F, M,A & N
June 28 1902 and Dec. 21 1905_ _
Series 1908
50,000,000
Sz
2
4'l0
7,071.700
Mar.
'11
Feb.
42,928.300
'09,
D
M,
&
50,000,000
S
5
June
J,
1
1961
Aug.
Series 1911
28,894.500
J, A, J & 0
28,894,500 6,250,000 22,644,500
December 23 1913
1946-47
Conversion bonds
27,362,000
27,362,000
50,902,000
A, J & 0
1917-18
Ono-year Treasury notes.._ December 23 1913
2,208,708,000
1917
At
maturity
24
4,420,180,500
September
1918
a.._
Certs. of Indebtedness
1,042,792,500
At maturity 1,042,792,500
1918
_ September 24 1917
Certs. of
1,986,625,405
June 15 1932 June & Dec. • 1.986,625.405
Indebtedness_Loan of 1917- b April 24 1917
1st Liberty
3,807,736,497
Nov. 15 1927 May & Nov. 3,807,736.497
2d Liberty Loan of 1917 c_ September 24 1917
Postal Savings Bonds:
10,758,560
764,460
2V, *1931-37
Jan. & July
10,758,560 9,994,100
June 25 1910
ies
. 1st to 13th series
302.140
26,860
275,280
302.140
0 *Jan. 1 1938 Jan. & July
2
_
June 25 1910
14th series
14#.000.871
September 24 1917
d4 0 Jan 1 1923 dAt maturity e144,725,891
-War Savings &-ThriftSt'ps
1 10.164,241,463
12.634,908,184
Aggregate of interest-bearing debt
a The interest rate and maturity are given in respect of the certificates outstanding March 31.
b These amounts represent receipts of the Treasurer of the United States on account of principal of the First liberty Loan bonds to March 31 and
include the principal of bonds which have been converted under the authority of section 11 of the Act of Sept. 24 1917 into 4% bonds.
c These amounts represent receipts of the Treasurer of the United States on account of principal of the Second Liberty Loan bonds to March 31.
d The average issue price of War Savings Stamps for the year 1918 with interest at 4% per annum compounded quarterly for the average period to
maturity will amount to $5 on Jan. 1 1923. Thrift Stamps do not bear interest.
e This amount represents receipts of the Treasurer of the United States on account of proceeds of sales of War Savings Certificate Stamps and U. S.
Thrift Stamps.
* Payable at dates mentioned. For dates of redemption see below under "Postal Savings Bonds."

The foregoing shows that the Government debt on Mar. 31 1918 was made up of (1) interest-bearing debt, $10,164,
241,463.91,of (2) debt on which interest has ceased,$1,521,100.26,of (3) debt bearing no interest, $236,765,055.60,making
total gross debt, $10,402,497,619.77; subtracting from the total the net cash balance in the Treasury ( 17,094,821.62)
at the same date (March 31 1918), the net debt is seen to be $9,585,402,798.15.
We now add, first, references to and citations from the laws which are the authority for the debt as it stands to-day;
second, the two tables on pages 11 and 12, which exhibit all the particulars of the total debt of the United States on June
30 of each year from 1878 to 1917:
"FUNDED LOAN OF 1891" (Column 1) 4345, continued at 2%. The bonds of this issue were Issued in exchange for the 434% funded loan or
1891 by agreement between the Secretary of the Treasury and the holders, and were made redeemable at pleasure of the Government. Amount
Issued 125,364,500, but May 18 1900 all were called for redemption on Aug. 18 1900, when interest ceased.
"CONSOLS OF 1030."—Column 13.) Bonds (2% payable at the pleasure of the Government after 30 years) authorized in "Act to define and
fix the standard of value," 6co.(for copy of Act see "Chronicle," March 3 1900, page 411). for the purpose of refunding (1) outstanding United States
bonds bearing Interest at 5% payable Feb. 1 1904; (2) bonds bearing interest at 4% payable July 1 1907; and (3) bonds bearing interest at 3% payable
August 1 1908 (the "ten-twenties of 1898"). For details of arrangement see Secretary Gage's circular with reference to the operations for carrying out
the refunding provisions of the bill in "Chronicle," March 17 1900, page 509. Of these 2%s there were outstanding Mar. 31 1918, 1.599.724,050.
"LOAN OF 1908-1918."---(Column 11.) The bonds included under this head are of an issue of 1198,792,660 3%s. They were authorized by Act of
June 13 1898 and are known as the "War Loan." The law provided that In allotting said bonds the individual subscriptions of the lowest amount
must be first allotted. On the day the Act was signed a Treasury circular was issued (see circular in "Chronicle" of June 18 1898, page 1168.Inviting
subscriptions for 32 days, from June 13 to July 14, for the amount of bonds stated, in both coupon and registered form, coupon In denominations of
120. 1100, 1500 and $1,000, and registered in denominations of same amounts, and also in $5,000 and $10.000. dated August 1 1898. redeemable In
coin at the pleasure of the United States after ten years from date of issue, and due and payable August 1 1918. See circular for further details.
Subscriptions reached the amount of $1,325,000.000. The amount now outstanding (Mar. 31 1918) is $63,945.460.




Jo

UNITED STATES DEBT.

[Vol.. 106.

"FUNDED LOAN OF 1907" (Column (3) 48. The Act of July 14 1870, authorized the issue of 1.000 million dollars of bonds at 4%, payable in
coin of the present standard value at the pleasure of the United States after thirty years; these bonds to be exempt from all taxes or duties of the United
States, as well as from taxation In any form by or under State, municipal or local authority. Bonds to be sold at ndE less than par In coin, and proceeds
applied to redemption of outstanding 5-20s, par for par. Outstanding (Mar. 31 1918). $494,250. hieluded in debt upon which interest has ceased.
"REFUNDING CERTIFICATES" (Column 4).—Act of February 26 1879 authorized the Secretary of the Treasury to issue in exchange for lawful
money of the United States certificates of deposit of the denomination of ten dollars, bearing interest at the rate of 4%,and convertible at any time,
with accrued int..into the 4% bonds described in the Refunding Act; the money so received to be applied only to the payment of the bonds bearing interest at a rate not less than 5%. On March 12 1879 the issue of these certificates and their exchange into 4% bonds were authorized,
the certificates were to draw 4% interest from April 1 1879 and were convertible in sums of $50 or its multiples. The amount issued at the close of the flscai
year (June 30 1879).was $39,308,110, but they had been converted so rapidly that there were outstanding at that date only $12,848,210. On Oct. 31
1879 the entire authorized amount had been reached, the maximum of the issue being $40,012,750. Of these there were still outstanding on Mar.
31 1918 a total of $11,330, included In debt bearing no Interest.
"LOAN OF 1925."—(Column 9.) Sales of bonds included under this designation were effected (1) in February 1895 to the amount of $62,315.400.
and (2) In February 1896 to the amount of $100,000,000. In a message to Congress under date of February 8 1895 (published in the "Chronicle" February 9 1895, page 244). President Cleveland stated in substance that in pursuance of Section 3700 of theRevised Statutes,the details of an arrangement had that, day been concluded whereby bonds authorized under the Act of July14 1875,payable in coin at the pleasure of the United States after
.the first day of Feb.1925, with!interest at the rate of 4% per annum, to the amount of $62,315,400, were to be issued for the purchase of gold coin amounting to a sum slightly in excess of $65,000,000, to be delivered to the Treasury of the United States, which sum added to the gold then held in the reserve
would so restore such reserve as to make it amount to something more than 5100,000,000. Such a premium was to be allowed to the Government upon
the bonds as to fix the rate of Interest upon the amount of gold realized at 3'if% per annum. At least one-halt of the gold to be obtained was to be
supplied from abroad. Section 3700 of the revised Statutes Is as follows: '
"Sso. 3700. The Secretary of the Treasury may purchase coin with any of the bonds or notes of the United States authorized by law at such rates
and upon such terms as he may deem most advantageous to the public interest."
For a construction of the "Refunding Act of 1870" and of the "Resumption Act of 1875," see "Chronicle," February 18 1893, page 265.
The issue in February 1896 was an ordinary offering, open to all bidders, of $100,000,000 of the same bonds as the foregoing—same in date, same
In time of maturity, same in rate of interest and time of interest payments. Consequently both issues are called the "Loan of 1925," of which there
were outstanding Mar. 31 1918 $118,489.900.'
."LOAN OF 1904."—(Column 6.) The Act of January 14 1875 authorized the Secretary of the Treasury to use any surplus revenues from time to
time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par in coin, either of the descriptions of bonds of the United
States described in the Act of July 14 1870,for the purpose of redeeming on and after January 1 1879, in coin, at the office of the Assistant Treasurer of the ttnited States at New York, the outstanding legal-tender notes when presented in sums of not less than fifty dollars. Under this authorization, and for the purposes mentioned, there were issued In Feb. 1894, payable in 10 years, 550,000,000 of 5%s and in Nov. 1894 there were issued
$50,000,000 more for similar bonds for same purpose. The bonds matured Feb. 2 1904. and the amount outstanding Mar.31 ($13,050) is Included on
hat date In "debt on which Intere t has ceased.
"PANAMA CANAL LOAN."—(Column 2). The Act of June 28 1902, SeetIon 8,supplemented by the Act of Dec.21 1905 (tor copy of the sections
referred to, see "Chronicle" July 7 1906, page 12), authorizes the issue of 5130,000.000 of coupon or registered 2% bonds of the United States, or as
much thereof as may be necessary, in denominations of $20 or some multiple of that sum, redeemable In gold coin at the pleasure of the United States
after ten years from the date of issue—$84.631.980 of said bondshave been issued, of which $74,9(11,580 are now outstanding. They bear date Aug. 1
1906 and Nov 11908, but interest began Nov. 1 1907 and Feb. 1 1909.
-PANAMA CANAL LOAN."—(Column 5.) The Act of Aug. 5 1909, Section 39, supplemented by the Act of Feb.4 1910,authorizes the issue of
$160.569,000 of coupon or registered bonds of the United States in various denominations up to $1,000 at a rate of interest not exceeding 3%. Under
a further supplementary Act—that of March 2 1911—authorization was given to issue the bonds "not available to national banks as security for circulation notes."and in conformity therewith $50,000,000 of said bonds, bearing 3% interest, have been issued and are now outstanding. They bear
date June 1 1911, are redeemable in 1961, and interest is payable quarterly on the first days of Sept., Dec., March and June. Furthermore, under the
bill authorizing the First Liberty Loan bonds and also under the Act authorizing the Second Liberty Loan, the Secretary of the Treasury is authorized.
In his discretion, to issue Liberty Loan bonds for bonds not already issued under this Act.
euNTAL SAVINGS BONDS.—(Column 8.) The Act of June 25 1910, authorized the Issue to depositors with the United States under the
Postal se eings Bank Law,upon the surrender of all or any part of his deposits, of coupon or registered bonds of the United States bearing 2%% interest,
of the denominations of $20, $40. 360. $80, $100 and multiples of $100 and $500. Under the Act $10,758,560 of such bonds redeemable at various dates
between July 1 1912 and July 1 1917 and payable between July 1 1931 and like date in 1937 and $302,140 redeemable after Jan. 1 1919 and payable
Jan. 1 1938 have been issued and are now outstanding.
ONE-YEAR TREASURY NOTES.—(Column 3a). Those Treasury Notes, as also the Conversion Bonds, are authorized by Section 18 of the
Federal Reserve Act of 1913. We quote herewith the provision in full:
Upon application of any Federal Reserve bank, approved by the Federal Reserve Board, the Secretary of the Treasury may issue in exchange for
United States two per centum gold bonds bearing the circulation privilege, but against which no circulation is outstanding, one-year gold notes of the
United States without the circulation privilege, to an amount not to exceed one-half of the two per centum bonds, so tendered for exchange, and thirtyyear three per centum gold bonds without the circulation privilege for the remainder of the two per centum bonds so tendered; provided, that at the
time of such exchange the Federal Reserve bank obtaining such one-year geld notes shall enter into an obligation with the Secretary of the Treasury
binding itself to purchase from the- United States for gold at the maturity ofsuch one-year notes an amount equal to. those delivered in exchange for
such bonds if so requested by the Secretary and, at each maturity of one year notes so purchased by such Federal Reserve bank, to purchase from the
United States such an amount of' one-year notes as the Secretary may tender to such bank not to exceed the amount issued to such bank in the
first instance in exchange for the two per centum United States gold bonds; said obligation to purchase at maturity such notes shall continue in
force for a period not to exceed thirty years.
$27,362,000 one-year notes have been issued and are now outstanding.
CONVERSION BONDS—(Column la). (See explanation under one-year Treasury Notes.) Of these bonds $28,894,500 had been issued to Mar.34
CERTIFICATES OF INDEBTEDNESS.—(Column lb.)—Authorized by Act of March 3 1917,entitled an Act to provide increased revenue, &c..
Sec. 401 of which amends Sec. 32 of an Act, approved June 30 1898, as amended by Sec. 40 of an Act entitled "An Act to provide revenue, equalize
duties and encouraae the industries of the United States, and for other purposes," approved Aug.5 1909. Under this Act (see "Chronicle" of March 10
1917, page 919) the Secretary of the Treasury was authorized to borrow,from time to time, at not exceeding 3% interest, such sums as, in his judgment,
might be necessary to meet public expenditures, and to issue therefor certificates of indebtedness in such form and in such denominations and for such
time not exceeding one year as he might prescribe. The sum of such certificates outstanding was at no time to exceed $300,000,000. $50,000,000 of
these certificates were outstanding May 311917, but were retired during June 1917.
" CERTIFICATES OF INDEBTEDNESS.—(Column lb.)—Authorized by Acts of April 24 1917 and payable with accrued interest thereon at such
time not exceeding one year from date of issue, as the Secretary of the Treasury may prescribe. These certificates, it was provided, were not to aggregate more than $2,000,000,000, to be issued at not less than par, at a rate of interest not exceeding 33 %, and to be exempt both as to principal and
interest from all taxation except estate or inheritance taxes. The certificates were issued to meet obligations of the United States arising out of the
war with Germany, including loans to the Allies of this country. There were outstanding at the close of June 1917 $61,306,032 at 3% and $211,551,100
at 3X,%, or $272,857,132 in all, but they have since been retired.
CERTIFICATES OF INDEBTEDNESS UNDER THE ACT OF SEPT. 24 1917 AND APRIL 4 1918.—Sec. 6 of the Act of Sept. 24 1917 provides for the issuance of certificates of indebtedness at not less than par and at such rates of interest as the Secretary of the Treasury may prescribe for
the purposes of the Act and to meet public expenditures authorized by law, each certificate so issued payable at such time not exceeding one year from
the date of its issue, and redeemable before maturity upon such terms and conditions, and the interest accruing thereon payable at such time or times
as the Secretary of the Treasury may prescribe. The sum of such certificates outstanding was not at any one time to exceed in the aggregate $4,000,000,000, but this was increased under the Act of April 4 1918 to $8,000,000,000. Under the authority thus granted the Secretary has issued varying
amounts of these certificates from time to time, through the Federal Reserve banks, all for short periods, the rate of interest being at first fixed at 4%,
then raised to 4Yi% and finally to 4%, There were outstanding Mar. 31 $2,208,708,000 at 4% and $1,042,792,500 at 4%%•
LOANS TO BE REPLACED BY LIBERTY LOAN.—Under the Act of April 24 1917, authorizing the First Liberty Loan bonds,and again under
the Act of Sept. 24 1917, authorizing the Second Liberty Loan, as well as under the Third Liberty Loan, all referred to below, the Secretary of the
Treasury is authorized to issue Liberty Loan bonds to replace, at his discretion, bonds not already emitted under the following: Act of Aug. 5 1909,
Section 39, Panama Canal Loan (Column 5), referred to above: Act of June 3 1916, Section 124, an Act for making further and more effectual provision
for the national defense and other purposes, and providing for the expenditure of not more than $20,000,000 for a Government nitrate manufacturing
plant; Act of Sept. 7, 1916, Section 13, an Act to establish a United States Shipping Board for the purpose of encouraging, developing and creating a
naval auxiliary and a naval reserve and a merchant marine to meet the requirements of the commerce of the United States with its territories and
possessions, and with foreign countries, to regulate carriers by water engaged in the foreign and inter-State commerce of the United States, and for
other purposes; Act of March 3 1917, Section 400. "An Act to provide increased revenue to defray the expenses of the increased appropriations for the
Army and Navy, and the extension of fortifications, and for other purposes" (see certificates of indebtedness above), and the Public Resolution of
March 4 1917, entitled:"Joint resolution to expedite the delivery of materials, equipment and munitions and to secure more expeditious construction of
ships."
LIBERTY LOAN OF 1917, FIRST.—(Column lc.) Authorized by Act of April 24 1917, entitled "An Act to authorize an issue of bonds
to meet expenditures for the national security and defense, and for the purpose of assisting in the prosecution of the war, to extend credit to
foreign governments, and for other purposes." Under the Act the Secretary was empowered to borrow, with the approval of the President, up
to $5,000,000,000, exclusive of the sums authorized by Section 4 of the Act (see Loans to be Replaced by Liberty Loan above) to meet expenditures authorized for the national security and defense and other public purposes authorized by law and to issue therefor bonds of the United
States. The bonds out bear 3%% interest and are payable in United States gold coin of the present standard of value, and exempt both as to




JUNE, 1918.1

UNITED STATES DEBT.

11

principal and interest, from all taxation, except estate or inheritance taxes
imposed by authority of the United States or its possessions or by
any State or local taxing authority. The bonds do not bear the circulation
privilege. Provision was made by Section 2 of the Act for the
establishing of credits to and the purchasing of obligations of foreign
governments, $3.000,000,000, or so much thereof as may be necessary being
appropriated for the purpose. Under Section 3 it was provided that
payments to the United States on or before maturity by foreign governments for obligations incurred by them under Section 2 must be applied
to the redemption or purchase at not more than par and accrued interest
of any bonds of the United States issued under authority of the Act;
and if such bonds are not available for this purpose the Secretary of the
Treasury shall redeem or purchase any other outstanding
interest-bearing obligations of the United States which may at such time be subject to
call or which may be purchased at not more than par and accrued
interest.
Section 5 provides that any series of bonds issued under authority
of the Act may be convertible into bonds bearing a higher rate of interest than the rate at which the same were issued if any subsequent
series of bonds shall be issued at a higher , rate of interest before the termination of the war between the United States and the Imperial
German Government, the date of such termination to be fixed by a proclamation
of the President of the United States.
Under the Act $2,000,000.000 gold bonds, running 15-30 years
and bearing 3M interest payable semi-annually June 15 and Dec. 15 were
offered for subscription, denominations of Coupon
bonds being $50, $100, $500 and $1,000, and registered bonds $100. $500. $1,000. $5,000.
$10,000, $50,000 and $100,000. Subscriptions were received from
over 4,000,000 individual subscribers and aggregated $3,036,226,850. In scaling
down the allotments to the total offered, all subscriptions up
to and including $10,000 were awarded in full,
ments, ranged from 60% down to 20.17%. The total of bonds issued
but on larger amounts the allotwas $1,986,625,405 57 and they are all outstanding.
In consequence of the issue on Nov. 15 1917 of the 10-25-Year
holders of the 15-30-Year 3}.6% First Liberty Loan were, beginning with 4% Convertible Gold Bonds (the Second Liberty, Loan), described below,
November
ury circular in "Chronicle" of Nov. 3 1917. page 1749) to convert their bonds 1917, given the privilege, to be exercised by Nov. 15 1918 (see Treasinto an equal face amount of 4% Convertible Gold Bonds f
the terms to be identical with those of the bonds of the Second Liberty
1932-47.
Loan, except that the 4% Convertible Gold
dates for payment of interest, the
Bonds of 1932-47 have the same
same date of maturity of principal and the same terms of redemption
as the bonds of the First Liberty Loan.
LIBERTY LOAN OF 1917, SECOND.—(Column ld.)—Authorized
by Act of Sept. 24 1917, entitled "An Act to authorize
bonds to meet expenditures for the national security and defense, and
additional issue of
for the purpose of assisting in the prosecution of the war, an
credit to foreign governments, and for other
to extend additional
purposes."
The Act in its general outlines is similar to that of April 24
1917,
but
authorizes
the
issuance
of
not
exceeding
not exceeding 4% interest, in addition to the $2,000,000,
460 bonds, bearing
000 bonds issued under authority of the Act of April 24 $7.538,945,
sum $3,063,945,460 shall be in lieu of that
1917. Provided That of this
amount of the unissued bonds authorized by Sections
1 and 4 of the Act approvedApril 24 1917,,
$225,000,000 shall be in lieu of that amount of the unissued
bonds
authorized
by
Section
39
of the Act, approved Aug.
shall be in lieu of the unissued bonds authorized by the joint resolution
1909, $150,000.000
approved March 4 1917. and $100,000,000 shall be 5
bonds authorized by Section 400 of the Act, approved March
in lieu of the unissued
3 1917.
Section 2 provides for the appropriation out of any money
in
the
Treasury
not
otherwise
appropriated, of the sum of $4,000,000,000. and
in addition thereto the unexpended balance of the appropriatio
ns made by Section 2 (the section that authorizes
Act approved April 24 1917 and under the same conditions.
loans to the Allies) of the
Section 4 provides for the convertibility of the bonds into any issue hereafter
bearing a higher rate of interest. Under Section 7 it is
provided that none of the bonds shall bear the circulation privilege.
The bonds are exempt, both as to principal and interest from all taxation
now or hereafter imposed by the United States, any State, or any
of the possessions of the United
except (a) estate or inheritance taxes, and (b) graduated
or by any local taxing authority.
additional income taxes, commonly known States,
as surtaxes, and excess profits and war
profits taxes, now or hereafter imposed by the United States,
upon the income or profits of individuals, partnerships
tions. The interest on an amount of such bonds and certificates
, associations, or corpora'
the
principal
of
which
does
not
exceed
in
the aggregate $5,000, owned by ant
individual, partnership, association, or corporation, is exempt from
the taxes provided for in subdivision (b) of this section.
Section 11, which covers the conversion privilege of the first issue
of Liberty Loan Bonds, states that bonds shall not be issued under auth.
ority of Sections 1 and 4 of said Act approved April 24 191/,
in addition to the $2,000,000,000 thereof heretofore
scription.
issued or offered for sub
Under authority of the Act, the Secretary of the Treasury offered for
subscription on Oct. 1 an issue of $3,000,000,000 or more of 4% 10-25-Year
old bonds of the same denominations as the first Liberty Loan, reserving the
right
to
allot
bonds
in excess of $3,000,000,000 to the extent of not
one-half of the sum by which the subscriptions received exceed
$3,000,000,000. Subscriptions totaled $4,617.532,300, or $1,617.532,3
the minimum sought,and on the basis of 50% of
00 more than
the oversubscriptions, the amount issued was $3,808.766,1
50; all those up to 350,000 were allotted in
full. Total number of subscribers was approximately
9,400,000. Amount of bonds outstanding Mar. 31 was
$3,807,736,497 19.
LIBERTY LOAN OF 1918, THIRD.—Authorized by Act of April
4 1918, amending the Act of Sept. 24 1917. Following the general lines or
the Act which it amends, it authorizes the issuance of not exceeding
$12,000,000,000 bonds, bearing not exceeding 4X,% interest, in addition to the
$2,000,000,000 issued under authority of the Act of April
24 1917, but including the bonds outstanding under the
Second Liberty Loan and the
13,063,945,460 reserved for unissued bonds of earlier .Acts.
Section 2 increases the loans or credits that may be extended
to the Allies from 14,000.000,000 to $5,500,000,000.
Section 3 provides that holders of bonds bearing interest at a higher rate
than four per centum per annum, whether issued under Section 1 or upon
conversion of three and one half per centum bonds issued under
the Act approved April 24 1917, or upon conversion of four per centum bonds issued
upon conversion of such three and one half per centum bonds, shall
not be entitled to any privilege
conversion under or pursuant to this section or
otherwise. Under Section 7 it is provided that none
of the bonds shall bear the circulation privilege.of The bonds are
to call for redemption before maturity, but are exempt
non-convertible
not subject
from
taxation
as indicated above under Second Liberty Loan and receivable and
heritance taxes.
for Federal inUnder authority of the Act, the Secretary of the Treasury offered
for subscription on April 6 $3,000,000,000 4V % 10-year goldlbonds with coupon
bonds for $5,000 and $10,000 and registered bonds
$50 in addition to the same denominatio as the First
Liberty Loan, reserving the right to
allot additional bonds to the extent of full amount offor
any oversubscription. Subscriptions totaledns$4,170,019,6
minimum sought, and all will be allotted. Total number
50, or $1,170,019,650 more than the
of subscribers was approximately 17,000,000.
WAR SAVINGS AND THRIFT STAMPS.—(Column
le.)—See "Chronicle" Nov. 24 1917, page 2046, and Dec. 1, page 2133.—By an amendment to the Postal Laws and Regulations authorizatio
n was given to the Secretary of the Treasury
to borrow on the
sum or sums as in his judgment might be necessary
of the United States such
and
to
issue
therefor, at such price and upon such conditions as hecredit
certificates of the United States on which interest to maturity may
might determine, war savings
he may prescribe. . . . Each war savings certificate so issued be discounted in advance at such rate or rates and computed in such manner as
shall be payable at such time, not exceeding five years from the date of its issue,
and may be redeemable before maturity, upon such terms and conditions
as the Secretary of the Treasury may prescribe. Under this authorization
certificates of the series of 1918 have been issued, the price of issue
ranging from $4 12 in January to $4 23 in December. The average
issue price
fixed for the year 1918 with interest at
per annum compounded quarterly for the average period to maturity will amount to $5
Provision was made for the sale of4%
on Jan. 1 1923.
thrift stamps bearing no interest for 25 cents each. The purchaser of thrift stamps
furnished
cost a thrift card to which such stamps shall
shall
be
affixed.
be
The
card
itself has no value. The name and address of the purchaser shall be placedwithout
card by the postmaster at the time of issue. Thrift
no the
shall not be cashed, but when 16 thrift stamps, representing a total of $4, are affixed to a
thrift card, they may, with a cash payment of fromstamps
12
to
23
cents,
be exchanged for a war savings certificate stamp. There were outstanding on
March 31 $144,000,8'71 15 war savings certificates and thrift stamps.

In April 1895 we gave a table showing the debt of the United States on the first
day of July 1856, and every subsequent
year. On this occasion we begin our statement with 1878, as that year antedates
.all of the issues now outstanding. The
statement is subjoined.
PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED
STATES FROM JULY 1 1878 TO MARCH 31 1918.
,
1
3
4
9
10
12
14
"Funded Loan "Funded Loan "Refunding
"Loan of
•'Loan of
"Nary Pen- Old 6s and 7s
Year.
Tt9tas
of 1891"4%,.011907,"
Certificates,"
1904."
1925,"
sten
Fund."
Converted into Interest-Bearing
contin'd at 2%.
45.
4.1.
5s.
45.
3s.
,4s and “is.
Debt.
$
I
1
1
14.000.000 00 1.441,885.650 1,794,735,650 00
14,000.000 00' 792.121,700 1,797,643.700 00
14.000.000 00 720.645,300 1,723,993.100 00
14.000,000 00 636,219.950 1,639.567.750 00
14,000.000 00 t460,461,050 1.463,810.400 00
14,000.000 00,1e32.082.600 1.338.229.150 00
1
1884 ----------'11304204 350 1
14.000.000 00 n24.612,15 1,226,563,850 00
1885'
14.000.000 00 1194.190.500 1,196,150,950 00
1886
14,000,000 00 1144.046,600 1.146,014,100 00
1887
14,000.000 00, /19,716.500 1.021.692,350 00
1888 .— _ — _ .----14,000.000 00
_
1 950,522,500 00
1889
14.000.000 00
1890
1 829.853.990 00
14.000,000 00
725.313,110 00
89150,869,21.81 00 559,566.000 00
93,920 00
11
13
610.529.120 00
25,364,500 00 559,581,250 00
83,580
00
"Loan of
"Consols of
893
385.029.330 00
25.304,500 00 559.604.150 00
68,450 00
1908."
1930."
1894
585,037.100 10
25.364.5(8) 00 559,618.400 00
58.990 00 50,000.000
2%.
635.041,890 00
895 ------------------------ 25.364.500 00 550.625,750
00
54.110
00
100,000.000 -II.-157.;
706 "Var3Bs."ds)
896
716,202,060 00
25.364.500 00 559.636.850
47,140 00 100.000,000 162.315.400
1897
847.363,890 00
-- 25.364.500 00 559.640,100 00
00
4.5,130 00 100,000.000 162.315.400
847.365.130 00
898 la
25,364,500 00 559.646,050 00
41.520 00 100,000.000 162,315.400
Conversion Bonds
1899
847.367,470 00
25,364,5110 00 559.652.300 00
37,830 00 100,000.000 162.315.400 198,678.720
1916
1900
1.046,048.750 00
_ _$5,900.600 21.979,850 00
355,528.350 00
35,470 00 47.651.200 162,315.400 128.843.240 307.125,350 1,023,478,86
June 30'
- I 7_28.894.500
1901
0 00
_
257.376.050
00
33.320 00 21.854.100 162.315,400
99,621,420 445,940,750 987,141.040 00
Mch.31'18_28,894,500 - 1902
-.- 233.177.44)0 00
31.980 00 19,410.350 134,994,200
97.515,660 445,940,750 931,070,340 00
1003
— -----173.385.650
00
30.600
00
19.385.050
118.489.900
1904lb
83.107.060 520.143,150 914.541,410 00
2
156,593.150 00
29.080 00
7
118.489,900
77.135,360 542,909.950 895.157.440 410
Cert;. of Indebtedness "PanamaCanal 156.595.600
1905
00
27,530 00 "Certificates 118.489,900
77.135.360 542,909.950 895,158,340 00
1917
1906
Loan."
116,755.150
00
26,280
00 of Indebted- 118.489,900
63.945.460 595.942,350
June 30.4272.857.132 30,000.000 00 36.126.150
1907
95.159.140 00
00
25.150 00
ness."
118.489,900
63.945,460 646.250.150 894,834.280 00
1918
1908 . _ - 54,631,980
5
14,186.500 118.489.900
63,945,460 646,250,150 897.503,990 00
Mch 31_3,251.500,500 84.631,980000
1909 .
4)
"Panama
8
118,489,900
63.945.460 646.250.150 913,317.490 00
1910 .___
lc
84.631.980 00
Canal Loan.""Postal Sav- 118,489,900
63.945,460 646,250,150 913,317.490 00
Liberty Loan 1st
—
1911
84,631,980 00
2.035.700 00 ings Bonds." 118.489.900
63.945,460 646,250,150 915,353,190 Oil
J.30'17-1,466,335,095 84.631,9800
1912
0
3a
50.000.00000
459,280 118,489.900
63,945.460 646.250,150 963.776,770 00
913 .— — M31'18-1.986.625.406 84.631.980 00
one-year
50,000,000 00
2.389.120 118,489.900
63.945,460 646.2511.150 965,706.610 00
Liberty Loan 2d
1914
84.631.980 00
Treasury
50.000,000 00
4.635.800 118.489.900
63.945.4(10 646.250.150 967.953.810 00
M31'18_3,807,736,497 81,631.980 00
1915
Notes
00
6,441,600 118,489.900
63.945,460 646,250,150 969.759.990 00
916 .—. War Savings c't Thrift 84.331.980 00 $4.390.000 50,000,000
50,000,000 00
8.245.100 118.489,900
03.945.460 636.259.550 971.562.590 00
Mch31'18.144.000,871 74.901 .5,30 (10 27,362,000 50,000,000
1917
00 10,039.760 118,489.900
63.945.460 599,724,050 2,712,549,477100
1918 Mch 31
74,901,580 001 27.362,000 50,000,000 00 11.060,700 118,489,900
63,945,460 599.724.050 10,164,241463191
Note—No Third Liberty Loan Bonds yet issued, but subscription
s reached $4.170,019,650.
t Continued at 3%%. f Continued at 3%•
_
1878. July 1_
1879
188-.1881................
1882
1883




_ 240,000.000 00
98.850.000 00 40.012,750 00
250,000.000 00 728,673.790 00 12,848.210 00
250,000.000 00 737,980.800 00 1.367,000 00
250.000,000 00 738.659.000 00
688.800 00
250.000.000 00 738.884.300 00
465,050 00
250.000.000 00 737,586.300 00
355.900 00
250,000,000 00 737,661.700 00
290.000 00
250.000,000 00 737.719,854) 00
240.600 00
250.000.000 00 737.759,700 00
207.800 00
250.000.000 00 737,800.580 00
175.270 00
222,207.050 00 714.177.400 00
138,050 00
139,639.000 00 676.095.350 00
119,640 00
109,015,750 00602.193.500 00
103.880 00

1

UNITED STATES DEBT.

12

PUBLIO DEBT OF THE UNITED STATES.
Yeer.
1878, July 1
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918, Mch. 31

lb
Debt on Which In.
West Has Ceased.

10
Debi Bearing No
Interest.

17
Outstanding
Principal.

55,594,560 26
37,015,630 26
7.621.455 26
1.723.865 26
16.260.805 26
7,831,415 26
19,656,205 26
4.100,995 26
9,704.445 26
6,115,165 26
2,496.095 26
1.911.485 26
1.815,805 26
1.614,705 26
2.785,875 26
2,094.060 26
1,851,240 26
1,721,590 26
1,636,890 26
1,346,880 26
1,262.680 26
1,218,300 26
1,176,320 26
1.415.620 26
1,280,860 26
1,205,090 26
1,970,920 26
1.370,245 26
1.128.135 26
1,086,815 26
4,130,015 26
2,883,855 26
2.124,895 26
1,879,830 26
1.760.450 26
1,659.550 26
1,552,560 02
1.507,260 26
1,473,100 26
14,232,230 26
1.521.100 26

5363,231,082 27
362,150,091 78
353.826,945 37
353.847,504 32
353,787.958 77
353,740,691 81
353,719.517 31
353.603.141 88
397.692,548 52
353,685,110 37
353,660.467 32
353,654,148 97
353,648,559 47
393,662,735 35
380,403.635 37
374,300,605 87
380,004,686 42
378,989.469 99
373.728,570 14
378,081,702 64
384.112,912 64
389,433,653 66
388,761,732 41
383,015.584 63
395,680,156 63
393,659.412 63
389,130,655 88
385,828,509 58
396,235,694 78
401,257,097 28
426,056,397 28
382,114.026 78
381,497,583 78
386,751,917 43
378,301,284 90
375,681,584 40
368,729,529 90
372,974.753 90
a252.109,877 27
a248.836,878 02
a236.735.055 60

52.163,561.292 53
2,196.809.422 04
2,085,441.500 63
2,000,139,119 58
1.833,859.164 03
1.699,801,257 07
1.599,939,572 57
1,553,955.087 14
1,509.411,093 78
1,381.492,625 63
1,306,679,062 58
1,185.419,624 23
1,080,777,474 73
1,005,806.560 61
968,218,840 63
961.431,766 13
1016,897,816 68
1,096,913,120 25
1,222,729,350 40
1,226.793,712 90
1,232,743,062 90
1.436,700.703 92
1,413.416,912 67
1.371.572,244 89
1,328,031,356 89
1,309,405,912 89
1,286,259,016 14
1,282,357,094 84
1,292,522,970 04
1,297.178,192 54
1,327 690.402 54
1.298,315,372 04
1,296,939.969 04
1.303,984,937 69
1.343.838.505 16
1,343.047,744 66
. 1,338.235.400 16
1.344,241.104 16
1,225.145,567 53
2,975,618,584 89
10.402.497.610 77

[VoL. 106.

O. (Continued.)

20
19
18
Cash in the Treasury Total Debt, Less Cash Annual Interest
Charge.
in Treasury.
July 1.
*04,654,472 50
51,999.382.280 45
5164,179,012 08
83,773,778 50
1.996,414,905 03
200,394.517 01
79,633,981 00
1.919.326,747 75
166.114.752 88
75,018,695
1.819.650.154 23
180.488.965 35
57,360,110 7
1,675,023,474 25
158,835,689 78
51.436.709 50
1.538,781,825 15
161,019,431 92
47,926,432 50
1.438.542,995 39
161.396,577 18
47,014,133 00
1,375,352,443 91
178,602,643 23
45,510,098 00
1,282,145,840 44
227,265,253 34
41.786.529 50
1.175.168,675 42
206.323,950 21
38,991,935 2a
1,063,004,894 73
243.674.167 85
33,752,354 60
975,939.750 22
209.479.874 01
• 29.417,603 1a
890,784,370 53
189,993,104 20
• 23,615,735 84
851,912,751 78
153,893,808 83
• 22,893,883 21]
841,526,463 60
126,692,377 03
22,894,194 OC
838.969,475 75
122,462,290 38
• 25,394,385 64
899,313,380 55
117.584,436 13
29,140.782 41]
•
74
901,672,966
51
195,240,153
• 34,387,265 64
955,297,253 70
267.432.096 70
34,387,315 21]
986,656,086 14
240.137,626 76
34,387,408 81]
1,027,085,492 14
205,657.570 76
40,347,872 81]
1.155.320,235 19
281.380,468 73
33,545,130 01]
1,107.711,257 89
*305.705,654 78
29,789,153 41]
1,044,739.117 97
'326,833,124 92
27.542.945 51]
969,457,241 04
*358,574,115 85
25.541,573 31]
925,011,637 31
'384,394,275 58
24.176.745 OC
967,231,773 75
'319.027,242 39
24.177.850 21]
989,866,771 97
•292,490,322 87
23,238,064 OC
964,435,686 79
*328,087,283 25
21.648,913 61]
878,596,755 03
'418.581,437 51
21,101,197 41]
938,132.409 38
'389,557,993 16
21,295,602 41]
1.023,861.530 79
'274.453.841 25
21,295,602 41]
1,046.449,185 25
*250,490,783 79
21,356,673 41]
1,015,784,338 46
'288,200,599 23
22.787.079 41
1,027,574.697 28
*316,263.807 88
22,835,325 41]
1.028,558,103 19
*314.489,641 47
22,881,497 941
1,027,257,009 56
'310,978,390 60
22,956,642 40
1.089,848,006 00
*254.393,098 16
23,084,635 91]
1,106,281,572 10
4218,863,995 43
83,625,481 41
1.908,635,223 82
ol,066.983,361 07
386.500.252 61
0.585.402.798 15
a817.094.821 62

Note 1.—The annual interest charge is computed upon the amount of outstanding principal at the close of the fiscal year, and is exclusive of
interest charge on Pacific) Railway bonds, but is incorrectly swelled to a small extent by interest on Thrift Stamps which are not separately stated.
Note 2.—The figures for July 1 1879 were made up assuming pending funding operations to have been completed.
it in the
*Note 3.—Under the Act of March 14 1900 the Treasury Department has kept the gold Reserve Fund as a separate item, and not included
available cash balance. In the above statement, however, we have continued to include the item so as not to embarrass comparison with previous years.
new form of statement issued by the Treasury Department the gold reserve ($152.979,025 63 on Mch.31) is deducted from the total
a Under
of United States notes outstanding, decreasing to that extent the debt bearing no interest and consequently making a similar reduction in the balance
of cash available to pay maturing obligations.




13

DEBTS AND RESOURCES
OF THE

PIPES MO To r r VS
IN

NEW ENGLAND
INDEX FOR THE NEW ENGLAND STATES, CITIES, &c.
MAINE-State, Cities, &c
Pages 13 to 16 MASSACHUSETTS-State, Cities, Sze
NEW HAMPSHIRE-State Cities,•&c__ ___Pages 17 to 20 RHODE ISLAND-State, Cities, &c
VERMONT-State, Cities, &c
Pages 20 to 24 CONNECTICUT-State, Cities, &c

State of Maine.
ITS

DEBT, RESOURCES, &c.
Admitted as a State (Act March 3 1820)
March 15 1820
Total area of State (square miles)
29,895
State Capital
Augusta
Governor (term exp. 1st Wed. Jan. 1919)__Carl,E. Milliken
Secretary of State (term exp. *Jan. 1919)_ __Frank W. Ba11
Treasurer (term exp. *Jan. 1 1919)Joseph W. Simpson
Auditor (term expires *Jan. 1 1919)____Roy L. Wardell
Attorney-General
Guy II. Sturgis
LEGISLATURE meets biennially in odd years on the first Wednesday
In January, and there is no limit to length of sessions.
• Is chosen by Legislature.
HISTORY OF DEBT.-For history of Maine State debt up to 1889, see
"State and City Supplement" of April 1895, page 9.
At present the debt stands as follows:
LOANS-Interest
Outstanding
Name and Purpose.
Rate.Payable.
When Due.
Principal
Bonds to University of Nialne_ _ _r 5
J-D
June 1 1919
51 18 300
Loan of 1869, not presented for payment 500
Highway bonds, 1913
c 4
M-S Sept 1 '18-'53270,000
Do
do 1914
c 4
J-J
July 1 '18-54
437,000
Do
do 1915
c 4g
A-0
Apr 1 '19-'33
378,000
Apr 1 '34-'35
100,000
Mar 1 1919
35,000
Do
do 1916
c 4g
M-S
Mar 1 '20-'33
350,000
iMar 1 '34-'36
45,000
INTEREST Is payable at the State Treasury, Augusta, Me.
TOTAL DEBT.-The subjoined statement shows Maine's total funded
Ilebt on each of the dates named
Jan. 11917. Jan. 11916. Jan. 11915. Jan. 11914.
Bonded debt
$1,983,300 $1,520,000 $1,061,500
$569,000
On Jan. 1 1917 the assets of the State were as follows: Cash on
hand,
$1,473,118 05; balance due on State taxes,$77153 14; securities, &c.,$263,876 39; total, $1,814,147 58. The total liabilities of the State on Jan. 1
1917, including bonded debt, were $4,211,562 69.
ASSESSED VALUATION.-Valuations are taken only in even years.
Assessed Valuation
State tax
Years.
Real.
Personal.
Total.
per$1,000.
1916
$418,442,815 8102,960,118 $521,402,933 $5.00
1914
401,279,430
97,208.419
498,487,849
4.50
1912
388,551,15789.640.887.1 ,
4.00
1910
- 366,132,326
85,647,793
451,780,119
5.00
1908
345,572,709
82,679,756
428,252,465
3.00
1906 - --------------- 316,053,787
78,679,203
394,732,990
2.50
1904
292,464.911
74,049,103
366,514,014
2.75
YearsTotal Valten. Tax rate. YearsTotal Valu'n. Tax rate.
1902
352,228.897
$2.75 1860
164,714,168
$1.25
1900 ---------336.61)9,649
2.75 1850 ---------100,157.573
2.00
1890
309,096,041
2.25 1840 ._ .- -69,246,288
2.90
1880
235,978.716
5.00 1830
28,807,687
1.90
1870
224,812.900 • 6.00 1820
20,962,778
____
POPULATION OF STATE.-According to United States Census.
1910
742,371 1870
626,915 1840
501,703 1810
228.075
694,466 1860
1900
628,279 1830
399.455 1800
151,719
661,086 1850
1890
583,169 1820
298,335 1790
96,540
648,936
1880
DEBT LIMITATIONS.-STATE.-The debt of the State is now limited by Secs. 14 and 17. Article 9,of the State constitution. Sec.
17 and the
words italicized below in Section 14 were added by an amendment
adopted
In Sept. 1912. V. 95, p. 766.
SECTION 14. The credit of the State shall not be direct y or indirectly
loaned in any case. The Legislature shall not create any debt or debts,
liability or liabilities, on behalf of the State, which shall singly or in the
aggregate, with previous debts and liabilities hereafter
incurred, at any one
time exceed $300.000 except for the purposes of building and maintaining
of
State highways, to suppress insurrection, to repel invasion, or for purposes
of war; but this amendment shall not be construed to refer to any money
that has been, or may be, deposited with this State by the Government
of
the United States, or to any fund which the State shall hold in trust for
any Indian tribe.
SECTION 17. The Legislature may authorize the issuing of bonds not
exceeding two million dollars in amount at any one time, payable
within
forty-one years, at a rate of interest not exceeding four per centum
annum, payable semi-annually, which bonds or their proceeds shall per
be




Pages 24 to 40
Pages 40 to 44
Pages 44 to 50

devoted solely to the building and maintaining of State highways; provided, however, that bonds issued and outstanding under the authority
of this section shall never, in the aggregate, exceed two million dollars: the
expenditure of said money to be divided equitably among the several
counties of the State.
MUNICIPAL.-At an election held Sept. 11,1911 the voters adopted an
amendment to Article XXII. of the constitution increasing the debt limit
of cities of 40,000 or more (which concerns Portland alone) from 5% to
7%% of the assessed valuation. We print Article XXII.below, italicizing
the part added and placing in brackets the words eliminated.
Article XXII. Limitation of Municipal Indebtedness. No city or
town having less than forty thousand inhabitants, according to the last Census
taken by the United States, shall hereafter create any debt or liability will ch
singly or in the aggregate, with previous debts or liabilities, shall exceed
five per centum of the last regular valuation of said city or town, provided,
however, that cities having a population of forty thousand or more, accordino
to the last Census taken by the United States, may create a debt or liability
which, singly or in the aggregate, with previous debts or liabilities, shall equal
seven and one-half per centum of the last regular valuation of said city, that
cities of forty thousand inhabitants or over may, by a vote of their city government, increase the present rate of five per centum by one-fourth of one per
centum in any one municipal year, until, in not less than ten years, the maximum rate of seven and one-half per t..entum is reached, that any city failing to
take the increase in any one municipal year, then the increase for that year is
lost and no increase can be made until the next year, as provided abore• and
provided, further, that the adoption of this Article shall not be construed
as applying to any fund received in trust by the said city or town, nor to
any loan for the purpose of renewing existing loans or for war; or to temporary loans to be paid out of money raised by taxation during the year In
which they were [are] made.
EXEMPT FROM TAXATION.-The Legislature of 1909 approved
an Act exempting from taxation all bonds issued after Feb. 1 1909 by the
State or any county, municipality, village, corporation or water district
therein. Banks and trust companies holding such securities are allowed
to deduct the same from the assessment of their shares. See V. 88, p.
1451. for Act in full.
SAVINGS BANKS' INVESTMENTS-POWERS AND RESTRICTIONS.-The provisions regulating the investments and loans of savings
banks and institutions for savings in the State of Maine are contained in
Sections 27 to 35, inclusive, of Chapter 52 of the Revised Statutes of 1916.
At the 1917 session several amendments were adopted by the Legislature.
Section 1, paragraph "a" was changed so as to provide for the investment in
bonds issued by Federal farm loan banks. Paragraph "b" of sub-division 3
was amended to allow investments in underlying mortgage bonds,other than
first mortgage bonds, and consolidated and refunding mortgage bonds of
any completed railroads organized under the laws of any State of the
United States. Paragraph "c" of sub-division 3 of the old law was stricken
out and in place thereof a new paragraph added, prescribing the conditions
under which investments provided for in paragraph "b" can be made.
The word "street," formerly contained in paragraph "e," has been eliminated and the word "electric" inserted. The provisions of paragraph "f"
relating to investments in [street] electric railroad bonds were completely
changed. Two new paragraphs were added to sub-section 3, to be known
as paragraphs "i" and "j," permitting savings banks in Maine to invest in
first mortgage bonds of any public service corporation located wholly or in
part in the States, other than Maine, and engaged in the business of producing and distributing electric light and power, and also in the first
mortgage bonds of any public service corporation combining business of an
electric railroad, light and power company. The full text of the law as it
now reads follows:
SECTION 27 Savings banks and institutions for savings are restricted
to and hereafter may Invest their deposits as follows:
First. a. In the public funds of the United States and District of Columbia, and in the bonds issued by any farm loan bank organized under authority of the United States Government.
b. In the public funds of any of the New England States and of the States
of New York. Pennsylvania, Maryland, Ohio, Indiana, Kentucky. Michigan,
Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas, Nebraska, California, Oregon and Washington.
Second, a. In the bonds of the counties, cities and towns of any of the
New England States.
b. In the bonds of cities and districts in the States of New York, Pennsylvania. Maryland, Ohio, Indiana, Kentucky. Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas, Nebraska, California, Oregon and
Washington, having a population of seventy-five thousand or more, when
Issued for municipal purposes, and which are a direct obligation on all the
taxable property therein.
c. In the bonds of counties of twenty thousand inhabitants or more in
the States of New York, Pennsylvania, Maryland, Ohio, Indiana, Kentucky,
Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas, Nebraska, California. Oregon and Washington. when issued for municipal purposes,
and which are a direct obligation on all the taxable property therein, except
when issued in aid of railroads, provided, that the net municipal indebtedness
of such county does not exceed 5% of the last preceding valuation of the
property therein for the assessment of taxes.
it. In the bonds of any city of ten thousand inhabitants or more in the
States of New York, Pennsylvania, Maryland, Ohio, Indiana, Kentucky,
Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri. Kansas, Ne-

I"

MAINE—DEBT OF STATE

braska, California, Oregon and Washington, when issued for municipal
purposes, and which are a direct obligation on all the taxable property
therein except when issued in aid of railroads, provided that the net munirspal indebtedness of such city does not exceed 5% of the last preceding valuation of the property therein for the assessment of taxes.
e. In the refunding bonds of counties and cities above enumerated issued
to take up at maturity bonds which were legal and constitutional whee
Issued, provided that the interest has been fully paid on such original bonds
for at least five years last prior to such refunding; provided, further, that
such counties and cities can otherwise meet the foregoing conditions.
I. In the bonds and obligations of school district boards, board. of
education and other corporate bodies within such cities, authorizeu to
issue bonds payable primarily from taxes levied on all the taxable property
in said district; provided tnat the population of the district Is ten thousand
• or more, and the population and assessed valuation of the distribt are
equal to at least 90% of the population and the assessed valuation of the
city within which such district is located; provided, further, that the net
municipal indebtedness of such district does not exceed 57. of the last
receding valuation of the property therein for the assessment of taxes
g. In the bonds or obligations of any municipal or quasi-municipal
corporation of this State, when such securities are a direct obligation on
all the taxable property of said corporation
Third. a. /n the railroad bonds of this State.
b: In the first mortgage bonds of any completed railroads of the
States of New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Ohio, Indiana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas and Nebraska, and in the underlying mortgage bonds other
than first mortgage bonds and the consolidated mortgage bonds and refunding mortgage bonds of any completed railroads organized under the
laws of any State of the United States and located within the United States,
and in the first mortgage bonds of any completed railroads of any other
State of the United States: provided, however, that such underlying. consolidated and refunding mortgage bonds and such first mortgage bonds of
railroads other than those of said named States shall be secured by lions
upon a completed railroad of standard gauge and of not less than one
hundred miles in length exclusive of sidings and shall be of any of the
several classes established by paragraph c.
c: First mortgage bonds, and underlying mortgage bonds other than
first mortgage bonds, provided, that the net earnings for each of the three
fiscal years next preceding the time of making the investment shall have
been not less than one and three-fourths times, and the gross operating
revenues shall have been not less than five times all fixed charges for interest and rentals; and provided, further, that the mortgage or mortgages
securing any issue or issues of such underlying bonds is or are prior to and
to be refunded by a mortgage which covers a mileage at least 25% greater
than Is covered by any prior mortgage which It is destined to refund and
that such refunding mortgage is a first mortgage upon that part of the
mileage covered by It which is in excess of, and distinct from, the mileage
covered by all prior mortgages.
Consolidated mortgage bonds and refunding mortgage bonds; provided,
that the not earnings for each of the three fiscal years next preceding the
time of making the investment shall have been not less than one and threefourths times, and the gross operating revenues shall have been not less
than five times all fixed charges for interest and rentals; and provided,
further, that the mortgage by which an issue of any such bonds is secured
covers a mileage at least 25% greater than is covered by any prior mortgage
which is destined to refusd and is a first mortgage upon that part of the
mileage covered by it which is in excess of and distinct from the mileage
covered by all prior mortgages.
d. In the mortgage bonds of any railroad leased to any dividend-paying
railroad in New England upon terms guaranteeing the payment of a regular
stated dividend upon the stock of such leased road and the interest on its
bonds
(Note.—Bonds issued pursuant to an Act entitled "An Act to provide for
the reorganization or consolidation of the railroad companies constituting
the Boston & Maine RR. System." approved April 2 1915, are a legal investment for savings banks.]
e: Electric railroad companies are not railroad companies within the
meaning of the foregoing clauses of this section.
f, (1): In the bonds of electric railroads constructed In this State prior
to the twenty-seventh day of April, eighteen hundred and ninety-five, and
in bonds of electric railroads in this State constructed after said date; provided, an amount of capital stock equal to 33 1-3% of the mortgage debt
shall have been paid in, in cash, and expended upon the road evidenced by
a certificate of the Public Utilities Commission or of the Bank Commisstoner of this State, flied in the office of the Secretary of State, that said
percentage has been paid in and expended upon the road in addition to
the amount of the bonded debt; provided, further that in lieu of the foregoing certificate such bonds may be certified as legal for the purpose hereof
on satisfactory proof to the Bank Commissioner that annual dividends in
amount equal to 5% per annum on an amount of capital stock equal to
-third of the bonded debt has been earned and paid for a period of five
ono
er
thereto.
-7
1 aTgoad
n the first mortgage bonds o any completed ectric
which is located wholly or partly in the States of New IIampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Ohio, Indiana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illinois, Missori, Kansas, Nebraska, California.
Colorado, Delaware, North Dakota, South Dakota, West Virginia, Idaho,
Montana, Oregon. Oklahoma and Washington; provided, that all certificates hereinafter issued making such bonds legal for investments by savings banks shall show that in addition to the provisions specified in the
first clause of this paragraph the average net income of said corporation
for a period of three years next prior to making such bonds legal shall have
been not less than one and one-half times interest charges on the bonds
outstanding secured by such mortgage and all prior liens, evidenced by a
certificate of the Bank Commissioner of this State filed in the office of the
Secretary of State of this State; and the Bank Commissioner for making
investigation upon any application filed under the provisions of this paragraph shall charge a reasonable fee for services and expenses attendant
thereon, including the payment of experts, and in no case shall such foe be
less than twenty-five dollars, the same to be paid by the railroad company
seeking to make its bonds a legal investment under this paragraph, whether
the same are admitted or not, and all sums so collected shall be added to
the appropriation for the banking department, to be expended by the Bank
Commissioner under the authority and with the approval of the Governor
and Council. No bonds secured by an open mortgage shall be legal under
this section unless the mortgage provides that the total amount of bonds
certified and outstanding under it shall at no time exceed 80% of the
amount of cash expended upon the road. All certificates heretofore issued wherein any bonds were made legal investments for savings banks
shall continue to be in full force and effect, the provisions of this paragraph notwithstanding."
g. In consolidated or refunding bonds, which are of an issue to retire the
entire funded debt under the conditions as applied to first mortgage bonds
in paragraphs "b," "c" and "f," of this sub-division, and which are secured
by a mortgage on the whole or any part of the system; provided, that all
certificates hereinafter issued making such bonds legal for investments by
savings banks shall show that in addition to the provisions specified in the
first clause of paragraph "f" of the average net income ofsaid corporation
for a period of three years next prior to making such bonds legal shall have
been not less than two times interest charges on the bends outstanding
secured by such mortgage and all prior liens."
h In the first mortgage bonds of any bridge company owning a railroad
bridge, located wholly or partly in the State of Maine, provided payment
of said bonds as to principal and interest is guaranteed by a railroad company organized under the laws of the State and owning and operating
a railroad in this State.
i. In the first mortgage bonds of any public service corporation located.,
wholly or in part, in the States, other than Maine named in paragraph
engaged in the business of producing and distributing electric light and
power, when they otherwise comply with the provisions specified in paragraphs "f" and "g;" provided, that the average gross income of said cortion for the three years next preceding such investment shall have
not lees than two hundred thousand dollars for each year, and the
aveeage net income of said corporation for the same period shall have been
not less than twice interest charges on the bonds outstanding secured by
such mortgage and all prior liens; and further provided, that such net
income for the last preceding year shall have been not less than one and
one-half times the intermit charges on all the interest-bearing indebtedness
of the corporation. The net income of a company, as described in this
section, shall be its net earnings and income derived from the property
covered by the mortgage in question, after payment Of all operating expenses,

year. nextrior
,

ge=




.

[vol.. 106.

maintenance charges, repairs, renewals, rentals and taxes and all guaranteed,
nterest and guaranteed dividends paid by or due from it. Satisfactory
proof of such gross and net earnings must be furnished to the Bank Commissioner and certified by him the the manner provided in paragraph "f"
for electric railroads, before the bonds shall become a legal investment.
I. In the first mortgage bonds of any public service corporation, combining business of an electric railroad, light and power company and an
artificial gas company, or any two of them, which otherwise complies with
the provisions specified in paragraphs "f" and "g" and "i;" provided the
average gross income of such corporation for the three years next preceding
shall have been at least three hundred thousand dollars per annum.
Fourth. In the mortgage bonds of any water company in the New England
States actually engaged in supplying any city or cities, town or towns, village
or villages, or other municipal corporations, with water for domestic use and
for the extinguishment of tires, whenever such company is earning more
than its fixed charges and interest on its debts and its running expenses.
Fifth. In bonds of any corporation other than railroads and water companies incorporated under the authority of this State and actually conducting in this State the business for which such corporation was created,
which is earning an amount in excess of fixed charges, interest on its debts
and running expenses equivalent to 5% per annum on an amount of capital
stock eaual to one-half of its entire funded debt.
Sizth. a. In the stock of any bank or banking association incorporated
under the authority of the State.
b. In the stock of any bank or banking association incorporated under
t he authority of the United States, if located within the New England States.
e.In stock of any RR.company of this State unencumbered by mortgage.
d. In the bonds, stock or notes of any railroad in New England which
has earned and paid an annual dividend equivalent to five per cent on a
capital stock equal to one-third of its funded debt for a period of ten years
next prior thereto, and in the stock or notes of the New York Central &
Hudson River, the Illinois Central, the Lake Shore & Michigan Southern
and the Pennsylvania Railroad companies.
e. In the stock of any railroad leased to any dividend-paying railroad In
New England upon terms guaranteeing the payment of a regular statedividend upon the stock of such leased road and the interest on its bonds.
f In the stock of any corporation, other than railroad and water companies, incorporated under authority of this State and actually conducting
In this State the business for which such corporation was created, which earns
and is paying a regular dividend of not less than 5% a year; and any savings
bank or institution for savings owning stock of any such corporation that has
earned and paid regular dividends of 5% or more for five years, may, If
any such corporation, by a vote of its stockholders, sells and conveys all
its property and assets (franchise excepted) to trustees of a voluntary
association, to hold and carry on the same business, for the members of such
association, legally hold and own the certificates of shares of such association. issued in exchange for stock of such corporation; provided, however,
that the deed of trust creating such voluntary association shall, in express
terms, exempt the owner or owners of such certificates from individual liability thereon or on account of debts or obligations contracted by such association.
Seventh. a. In loans secured by first mortgages of real estate in this State
and New Hampshire to an amount not exceeding 60% of the value of such
real estate.
b. In notes with a pledge as collateral of any funds, bonds, notes or stocks
•vhich the bank or institution would, by this section, be authorized to purchase, provided the market value of said collateral is equal to the amount
of the loan.
c. In notes with a pledge as collateral of any savings bank deposit book
Issued by any savings bank in this State.
d. In notes with a pledge as collateral of such funds, bonds, notes or
4tocks as in the judgment of the trustees it is safe and for the interest of
the bank to accept to an amount not exceeding 75% of the market value
of such funds, bonds, notes or stocks.
0. In loans to any municipal corporation In this State.
f. In loans secured by a mortgage of such personal property as In the
judgment of the trustees it is safe and for the interest of the bank to accept.
g. In loans to any corporation owning real estate in this State and actually
conducting in this State the business for which such corporation was created.
Eighth.—Savings banks and institutions for savings may acquire and
hold stocks, bonds and other securities not authorized by law, hereafter
acquired in settlements and reorganizations and accepted to reduce and
avoid loss on defaulted loans and investments held by said banks and
institutions, and may continue to hold such stocks, bonds and other securities heretofore so acquired, and shall not be obliged to sell or dispose of
the same except at such times and in such manner as will prevent unnecessary loss or embarrassment to the business of the bank or institution.
Section 28. a. The term "net municipal indebtedness of counties," as
used in the preceding section, shall be construed to include all bonds which
are a direct obligation of the county less the amount of any sinking fund
available in the reduction of such debt.
b. The term "net municipal indebtedness of cities and districts," as used
in the preceding section, shall be construed to Include in the case of either
not only all bonds which are a direct obligation of tho cities, but also all
bonds of the districts or boards within the same, as above enumerated, exclusive of any such debt created for a water supply and of the amount of any
sinking fund available in reduction of such debt.
a. The number of inhabitants of cities and counties shall be determined
%,the last previous official census thereof, as established by the last United
States or State census or city or county census taken in the same manner
as United States or State census and duly certified to by the clerk or treasurer of such city or the auditor or treasurer of such county.
Section 29. All investments having a fixed maturity shall be charged and
entered on the books of the bank at their cost to the bank or at par when a
premium is paid. The Bank Commissioner may require any investment to
be charged down to such sum as in his judgment represents Its fair valueHe may at any time call for a report of the financial condition of any corporation offering, or likely to offer, its bonds, stocks or notes to any savings bank in the State, or whose notes are held by any such savings; bank,
as much in detail as he may require, verified by the oath of such officers of
such corporation as he may specify. He may communicate any such report.
or an abstract thereof, to the officers, of any of said savings banks. If such
report is not furnished the Bank Commissioner within the time specified
In his call therefor, or within such extension of time as he may grant, the
bonds, stocks and notes of such corporation shall thereupon cease to be a
legal investment for savings banks under this section, and shall not again
become a legal investment until a report in all respects satisfactory to the
Bank Commissioner is furnished. Any officer of a corporation who wilfully
makes a false report hereunder, and any officer, trustee, director, clerk or
employee of a savings bank. trust company or loan and building association who willfully or knowingly undertakes in any manner to deceive or
mislead the Bank Commissioner, or any officer or representative of the State
Banking Department, as to the true condition or value of any of the investments of such savings bank, trust company or loan and building association, or willfully conceals any material fact connected therewith, shall be
punished by a fine not exceeding five hundred dollars or imprisonment not
exceeding two years, or by both such fine and imprisonment.
SECTION 30. Any such bank or institution may hold real estate in the
city or town In which such bank or institution is located to an amount not
exceeding 5% of its deposits or to an amount not exceeding its reserve fund.
SECTION 31. No such bank or institution shall hold by way of investment, or as security for loans, or both, more than one-fifth of the capital
stock of any corporation, nor invest more than 10% of its deposits,
in the capital stock or notes of any corporation, nor have more
than 50% of its deposits in mortgages of real estate. This section
and the two preceding do not apply to real estate, or other assets, acquired
by the foreclosure of a mortgage thereon, or upon judgment for debts, or
in settlements to secure debts, nor to bonds enumerated in the first five
sub-divisions of Section 27 of this chapter.
SECTION 32. Nothing in this chapter affects the legality of investments
made, of transactions had, or the payment of interest at a rate not exceeding 6% on deposits made, prior to the dividend next following March 11
1877. And all investments authorized by any law in force when such investments were made, or transactions had, are valid, and this chapter
does not require the change of investments for those hereinbefore named,
except as same can be done gradually by the sale or redemption of securities
so invested in, in such manner as to prevent loss or embarrassment in the
business of such corporation or unnecessary loss or injury to the borrowers

JUNE, 1918.]

MAINE-CITIES AND TOWNS.

on such securities. Any investment in securities not named in Section 27
Is a misdemeanor,on the part of the trustees authorizing, or officers making,
the same; and such trustees and officers are subject to the prosecutions
and punishments prescribed by law for that offense.
SECTION 33. Savings banks and institutions for savings may deposit on
call in banks or banking associations incorporated under the authority of this
State, or the laws of the United States, and receive interest for the same,
and may deposit, subject to the approval of the bank commissioner, with
such banks or banking associations, any securities received as collateral for
time loans made to any person or corporation without the State.
SECTION 34. Savings banks and institutions for savings may, by vote
of the trustees of such corporation, when, in the judgment of such trustees
such action is necessary to pay depositors and to prevent loss by sales of
assets, borrow money within or without the State and pledge bonds, notes
or other securities as collateral therefor. The trustees of such corporation
shall cause a copy of said vote to be sent forthwith to the Bank Commissioner, and shall also notify him of any action taken thereunder.
SECT/ON 35. The trustees shall see to the proper investment of deposits
and funds of the corporation in the manner hereinbefore prescribed. No
loan shall be made directly or indirectly to any officer of the corporation
or to aay firm of which such officer is a member.
CITIES, COUNTIES AND TOWNS IN THE

STATE OF MAINE.
ANDROSCOGGIN COUNTY.
The county seat is Auburn.
$10,0s0
4s due 1930
30.0-0
4s dtis 1211
40,000
BOND.DEBT Jan. 1 '1827,500
Floating debt
Total assess. val. 1916-.42,976,442
Population in 1910
59,822
ANSON.
This town is in Somerset County.
TOTAL DEBT Apr 1917---$39,360
Assess. val. real estate
642,155
Assess. val. personal
154,340
796,495
Total val. 1916(4 act.)
Tax rate (per $1,000) 1916-.433.00
Population in 1910
2,209
ANSON WATER DISTRICT.
Water Bonds,
M-S $75,000--....Mar 1 1941
434s
BOND. DEBT Apr 1918-475,000
15,000
Floating debt
Assess. val. real est.,'18(est.) 609,359
Population 1918 (est.)
1,800

Municipal Purpose Bonds.
4s '11 F-A;250,000o_ --Aug 1 1931
Refunding Bonds.
48 '08 F-A$125,0000. __-Aug 1 1928
4s '12 M-N 25,000c_Nov 2 '18-'22
ls '14 M-N 85.000c_Nov 2 '18-'34
Funding Bonds.
4s '16 J-.1 $195,000c_ _Jan 1 '20-'30
Refunding Water Bonds.
48 '05 J-J $500.000c_July 1 1935
BOND.DEBT Apr 1 1918 $680,000
Floating debt
52,944
Cash on hand
86,744
Water debt (included)-500,000
Water sinking fund _ .... 111,648
Assess. val. real estate_18,447,907
Assess. val. personal
6,961,571
Total assess. val.'17(80%
25,409,478
actual)
Total tax rate (per $1,000)'17 $27.00
Pop'n '10, 24,803; '17 (est.), 26,000
INT. at Merchants' Nat. Bank,
Boston. or by City Treasurer.
CITY PROPERTY.-Real estate
and personal property owned by city
is valged at $3,218.609. incl. waterworks estimated at $1.750.000

AUBURN.
Auburn is In Androscoggin County. BAR HARBOR.
Inc. Feb.22 1869. Pop. 1910, 15,064. This town (formerly Eden) is in
Webster Grammar School.
Hancock County. Inc. Feb. 23
4s '15 J-J $50.000c_July 1 '35-'40 1796. Population 1910, 4,441.
43 '16 J-J 50.000c_Jan 1 '46 &'51
Funding Bonds.
Sewer Bonds.
4s '99 J-J
37,500r_ _July 1 1918
4s '11 J-J $24.000 __Jan 2 1021 4s '15 M-S 45,500-Sept 1 1925
City Bonds.
Bonds.
J-J $15,000c_ __July 1 1920 4sSchool
3s
M-S $40,000r_Sept 1 '18-'25
16,000c_ _June 1 192:3 4s '07
J-J
4s
'09 M-S 30.000r_Sept 1 '20-'24
14,500c_ ...Jan 1 1925 4s
J-J
4s
'12 M-S 21,000r_ __Apr 1 1926
Refunding Bonds.
Park Bonds.
J-J $15,000c-Jan 1 1922
311s
25,0000_ __July 1 1923 Is '12 M-$ $21,000r--Sept 1 1927
J-J
3 As
Engine-House Bonds.
3 Hs'04 J-J 23,500c-July 1 1924
15,000c_ __July 1 1925 45 '11 A-0 $15.000r__Oct 1 '17-'23
3 Ms'05 J-J
1.8,00043.. __July 1 1926 BOND.DEBT Apr 6 1918.. $180,000
3 s '06 J-J
10,000._ ..July 1 1930 Floating debt
21,249
4s '10 J-J
13,000c-_July 1 1931 Assessed val., real
6,084,819
48 '11 J-J
70,000____July 1 1932 Assessed val., personal_ __ _ 703,447
45 '12 (34
val.
Total
1917
act.)-- -6,788,266
Refunding Water Bonds.
3ii8'05 J-J 588.7000_ ...July 1 1925 Total tax rate (per $1,000)'1'$35.75
BOND.DEBT Jan 1 '18.. $447,700 , INT. payable at Bar Harbor.
40,000
Temp'y loans (city notes)_
88,700
City water debt (included
86,500 BATH.
Floating debt
Bath is In Sagadahoc County.
24,905
Sinking fund
incorp. Feb. 17 1781; city.
9,717,290 Town 1847.
Assess. val., real estate
Population 1910,9.396.
4
June
Assess. val., personal_ _ 2,034,995
Bonds.
Total assess. val. 1917- _ _11,752,285 4sSidewalk
J-J
$20.000-__July
'16
1 1936
Total tax (per $1,000) 1917- _ -$23.50
School Bonds.
INTEREST at Treasurer's office, as '15 F-A $20.000___July 31 1925
and First Nat. Bank in Boston.
Refunding Bonds.
4s g '07 J-J $20,000c_July 1 '18-'19
AUGUSTA
48 11 J-D 116,000e. __June 1 1941
This city is In Kenneoec County.
Sewer Bonds.
tncorp. 1849. Bonds are all tax-free. 4s '07 J-J $50,0000....-Jan 1 1927
School Bonds.
Funding Bonds.
48 '12 J-D $13,000c_June 1 '19-'22 4s g '07 J-.1 410.0000_ -.Jan 1 1927
Road Improvement Bonds.
BOND. DEBT May 15 '18 $236,000
Is '08 F-A $40,000c..-Feb 1 1933 Floating debt
50,200
48 '94 A-0 65,000c
1919 Assess. val. real estate.._ -5,006,223
Funding Bonds.
Assess. Val. personal
2,143,305
M-S $4(1,000c...-Sept 1 1924 Total valuation 1917_ _ --7,148,523
3 3is
School Bonds.
Tax rate (per $1,000) 1917- -526.00
_s
--- $56,000
1927
INT.in Boston at First Nat. Bk.
($5,600 annually)
and Old Colony Trust Co.
Refunding Bonds.
F-A $45,000_Feb 15 '37-'39
4s
4 s'15 F-A 16,000c__Feb 15 1940
BATH WATER DISTRICT.
Refunding & lmpt. Bonds.
Commenced business Jan. 1 1916.
4s '09 F-A $40,000o_ _Feb 1 1934
4s '11 J-J
30,000.3.-Jan 2 1936 4s '16 J-J $560.000____Jan 1 1946
4s '16 F-A 16,000cFeb 15 1941 TOTAL DEBT Dec 31 '17-3560,000
11,324
4s '17 F-A 18,000c ..Feb 15 1942 Sinking fund
13,000
BOND. DEBT Apr 5'18.- $385,300 Population 1917 (est.)
Sinking fund
25,972
INT. at Merch. Nat. Bk., Boston.
Assess. val. real estate_
6,609,963
Assessed val. personal
2,305,492
Total assess. val. 1917
8,915,455 BELFAST.
This city is In Waldo County. InTax rate (per $1,000) 1917..__-$30.00
Population in 1910
13.211 corp. June 22 1773. Charter adopted
1853. Belfast owns $500,000 of
INT. at Old Colony Tr. Co , First in
& Moosehead RR. stock, of
Nat. Bk., Boston, and city treasury. Belfast
whlch 1,396 shares pref. Si 3,604 corn.
Refunding Bonds.
F-A$477,000e-Aug 15 1918
AUGUSTA WATER DISTRICT. 48
4s '09 M-N 113,000c_ __Nov 1 1929
Organized March 26 1903.
Mar 1 '18.. $590,000
4s '04 F-A 4700,000e g....Aug 1 1934 TOTAL DEBT
25,000
BOND. DEBT Apr 15'18-3700,000 Floating debt
Assess. val. real estate
2,474,175
Sinking fund
122.544 Assess.
val. personal
723,752
INT.at Nat. Shawmut Bk., Boston.
Total valuation 1916
3,197,927
Total tax (per S1,000)917- -424.40
BAILEYVILLE.
Population in 1910
.
4,618
This town is in Washington Co.
TOTAL DEBT Apr 1915- $33,470 /NT.at Belfast & 1st Nat. Bk. Boa
Assess. val. real estate_ ---1,400,320
Assess. val. personal
299,680 BIDDEFORD.
Total valuation 1916
1,700,000
City is in York County. Inc. 1855.
Tax rate (per $1,000) 1916--$24.00
Streets and Sidewalks.
Population in 1910
1,137 48 '14 F-A $10,000c-Aug 1 '18-'19
4s '15 M-N 50,000
1920-1929
BANGOR.
4s '16 M-N 25.000
1930-1934
This city Is in Penobscot County.
Sewer Bonds.
/rump. as a town Feb. 25 1791; as a 4s '13 J-J 530,000
1918-1923
city Feb. 12 1834. Bonds non-taxable 4s '14 M-N 25,0000 -1924-1928
In Maine.
43 '16 --- 25,000c
1929-1933




i5

Refunding Bonds.
Total vat 1918
3,339,445
48 '00 M N $25 000c--May 1 1920 Total tax rate (per 31.000)'18336.00
334s '01 J-J
25,000e-July 1 1921 Pop'n 1910, 5,377; 1918 (est.)_6.500
30'05 M-N 50.000c-May 1 1925
INT. on bonds marked (z) at
4s '14 M-N 50.000e-May 15 1939 Androscoggin Say. Bank. Lewiston:
4s '15 M-N 25,000--May 1 1935 (t) at Old Colony Tr. Co., Boston;
4348'17 F-A 45,000c___Aug 1 1927 (5) at Merrill Trust Co., Bangor.
BOND. DEBT July 17 '17..$390,000
Assess. val. real estate__-7,902,915
Assess. val. personal
1,227,825 CUMBERLAND COUNTY.
Total valuation 1916
9,130,760
Portland is the county seat. Ine
Tax rate (Der $1,000) 1916-424.00 1760. Population 1910. 112,014;
Population in 191017,079 1917 (est.). 125,000.
Bridge Bonds.
INT. at City Treas, office in Biddeford or Second Nat. Bank,Boston. 48 '15 M-N$250,000_--May 1 1935
48 '15 A-0 200.000_- -Oct 1 1935
County Farm Bonds.
4s '14 F-A $25,000c___Feb 1 1929
BOOTHBAY HARBOR.
This town is in Lincoln County. 4s '15 J-J 25.000____July 1 1950
Court-House Bonds.
Incorporated Feb. 16 1889.
334s
J-J $615,000c
School Bonds.
BOND. DEBT Jan 1 '18 $1,115,000
4s
J-J $2,000c
1922 Sinking
fund
_50.130
Water Bonds.
334s
A-0 $4,800c
1922 Total assessed val. 1917_113,916.368
45
A-0 6,660c
1928 County tax (per 41,000)191731.37+
INT.at County Treasurer's office.
48
J-J 25,000c
1924
48
A-0 15,000c
1935
BOND.DEBT Mar 4'18_ $53,460 DEXTER
Floating debt
21,550 This town is in Penobscot County.
Assess. val. real
1,149,825
Water Bonds.
Assess. val. personal
253,825 334s
June $48,000c
"1934
Total val. 1917
1,403.650 BOND. DEBT Feb 20 '18_ $48,000
__
Tax rate (per 51.000) 1917-- _326.50 Floating debt
32,513
Populatron in 1910
2,021 Assess. val. real estate
1,474,335
Assess. val. personal
384,422
Tot.assess.val .'17(2-3act.)1,858,757
BREWER.
Tax
rate (per 31,000) 1917___$27.50
This city is in Penobscot County
Pop'n 1910, 3,530; '18 (est.). 4,500
Incorp. as a city Feb. 8 1889.
INT. payable at Boston:
Funding Bonds.
4s '01 3.1-N $30,000c _____ -1921
4s '05 A-0 27,000c
_ -1925 E. LIVERMORE WATER DIST.
4s '09 M-S 30,000c-Ser-ot 1 1929 48 '09 F-A $l50.000---Feb. i 1929
4s '12 M-S 10,000c- --1918-1922 BOND. DEBT Nov. 9 '16-4150,000
BOND. DEBT Apr 9'18-- $97,000 Assessed valuation 1916-.....1.796,897
Floating debt
35,000 Tax rate (per $1,000) 1916---424.00
Assessed valuation, real.... 2,760,330
INT. at Eliot Nat. Bk., Boston
Assessed val., personal_ _
455.150
Total val. 1917 (2-3 actual) 3,215,480
Total tax (per $1,000) 1917-429.50 EASTPORT.
This city Is In Washington Co.Inc.
Pop. 1910, 5,667; 1917 (est.)--6,000
Mar. 3 1893. Pop'n 1910. 4,961
INT. at Merck. Net. B.. Boston. Refunding
Bonds.
448 '07 .14 $25 000c--July 1 1937
School Bonds
BRUNSWICK.
J-D $15.000r----Dec. 1919
This town is in Cumberland Co. 334s
4149'15 J-J a24.000--Jan. 1 '25-'35
School House Bonds:
BOND. DEBT Apr. 11 '17- $64,000
4s
___ $11,000
Assessed val.. real-45
___ 20,000
-1,309,450
Assessed val., personal___ 523,800
Building Bonds.
Total val. 1916 (2-3 act.). _1,843,250
4s
-__ $6,000
Total tax rate (per 31,000)'16 330.00
Funding Bonds.'
Tax rate (per $1,000) 1915......_330.00
45
___ $4^,800
BOND. DEBT Feb 1 '17- $81,800
INT. on bonds marked (a) -at
Other indebtedness
6,739 First Nat. Bank, Boston; others at
Resources
19,385 Eastport Say. Bank.
Assess. val. real estate..
3,380,710
Assess. val. personal
739,432
Total valuation 1916
4,110,142 ELLSWORTH.
This city is in Hancock County.
•Total valuation 1917_ 4,137,183 Inc.
in 1869. Population 1910.3.549.
Tax rate (per $1,000) 1917-423.00
Refunding Bonds.
Population in 1910
6.621 4s'17
J-D $28,000c___June 1 1937
War Debt (Int. at Treas. Office).
4s
J-D 330.000c....June 1 1932
BRUNSWICK VILLAGE.
BOND.
This village is in Cumberland Co. FloatingDEBT Apr 6'18-- $58,000
48,796
Incor. in 1893. Pop'n 1910. 6.621. Assessed debt
val., real
1,805,827
Sewer Bonds.
Assessed val.. personal
521.016
48
J-J $86,000
Tot,
val.'17(2-3act.)2,326,843
BOND. DEBT Nov 6 '16.. 586,000 Totalassess.
tax rate (per $1,000)'17 $29.25
Assessed valuation 1916...3.419.128
Tax rate (per 51.000) 1916..$2.70
FAIRFIELD.
INT. at March. Nat. Bk., Boston
This town is in Somerset Co.
BOND. DEBT May 7 '18_ $29,000
Assess. val. real estate ---1,525,750
BRUNSWICK AND TOPSHAM
Assess. val. personal
451,770
Total valuation
WATER DISTRICT.
_1,977,520
Supplies Brunswick and Topsham Tax rate (per $1.000)
1917_1917_-- ---$27.00
with water. Incorp. Mar. 11 1903.
45 g '00 J-Jz5$22,0000.. __Jan 1 1921 FARMINGTON.
1250,000c_Jan 1 '26 &'36
This village, which is part of the
48 g '09 J-J 042,000c..._July 1 1936 town of the same name,is in Franklin
48 it '12 J-J *46,000c-__July 1 1942 County. Inc. 1860. New charter
4s g '15 3-J 20.000c_-July 1 1942 Jan. 1912. Pop'n 1912, 1.240.
BOND. DEBT Apr 1918- $380,000
Water-System Ext. Bonds.
Sinking fund Dec 31 '17-- 51.031 Is '14 M-N 540,000..
..May 1 1944
Assess.val.'17 Brunswick _4,137,183
Water Refunding
(4 actual) Topsham_ __1,490,060 :is '10 J-J $35,000c.Bonds.
_Jan I 1932
Tax per
Brunswick ts '10 A-0 30,000c_ --Apr 1 1926
$1,000 '17 Topsham
22.00
(Subject to call.)
• Tax-free. zTaxable.
BOND.DEB'r Apr 61918.. $105,000
/NT.at Old Colony Tr.Co.. Boston. Assess. val. real estate____1,645,715
Assess. val. personal
520,750
Total val. 1917
2,166.465
CALAIS.
This city is In Washington County Tax rate (per $1,000) 1917-321.00
INT. at Franklin Say. Bank and
Inc. 1851 Population 1910. 6,116.
First Nat. Bank. Farmington.
Building Bonds.
J-ll $1:3,0000.. __Dec 1 1926
48
Refunding Bonds.
GARDINER.
4s
J-D $85,000c_ __Dec 1 1926
This city Is In
County.
BOND.DEBT Apr 1 1918.. 398,000 Incorp. in 1844. Kennebec
Commission
Floating debt
19,300 ernment adopted Sept. 12 1911.govAssessed valuation, real_.._1,970.75s
Refunding Loans.
Assessed val., personal_ _ _ _ 849,429 334s'97 A-0 $9,000c
-Oct 15 1919
Total val. 1917 (abt. act.)_2,820,188 Is '08 A-0 76,000c_Ajor
16 1933
Total tax rate (per $1,000)'17 328.00 BOND.DEBT Dec 31 1916 $85.000
INT.at Nat. Shawmut Bank, Bos. Assess, val. real estate____2,630,982
Assess. val. personal
1,089,851
Total valuation 1916_ _ _ _ -3,720,833
CAMDEN.
Tax rate (per $1,000) 191-6- ---$23.00
This town is in Knox County.
Population in 1910________ -5,311
Bonds.
INT. at First Nat. Bank, Boston.
$13,000-- _ _May 1 1932
9.900- _-May 1 1933
_- 25,000_ __Dec 1 1933
BOND.
__a-DEBT Mar 1'17$47.900 GARDENER WATER DISTRICT.
Organized July 1 1903.
20,700
Floating debt
J-J 5201.500c- --Jan 1 1934
2,302,975 48
Assessed valuation, real
75,000----July 1 1944
Assessed val., personl
486.705 4s '14 J-J
2,347.040 BOND.DEBT Apr 61918.. $276.500
Total valuation 1917
Sinking
fund
$162
Tax rate (per $1,000) 1-9/6----$20.00
3,015 Assessed valuation 1917. _ _3,755,515
Population in 1910
Tax rate (per $1.000) 1917.._ _ _$24.00
INT. at Maine Tr. & Bkg. Co..
CARIBOU.
This town is in Aroostook County. Gardiner.
Incorporated 1859.
1928 GREENVILLE.
filch cis M-Nz$25,000c
This town is in Piscataquis Co.
1920
Bdge3 isJ-J t18.000C
RR OisJ-D §14,000c-1915 or1925 TOTAL DEPT April 1915-427.414
BOND. DEBT May 4 '18_ $57.000 Assess val. real estate
508,505
37,000 Assess. val. personal
Floating debt
146,543
10,000 Total valuation 1916
Sinking fund _
655,048
Assessed val., real
Tax
rate
(per
2,727.400
31.000) 1916 $31.00
Assessed val.. personal_-- 612,045 Population in 1910
1.474

16
.
HALLOWELL
city is in

Kennebec County.
This
Inc. 1850. Population 1910. 2.864
Refunding 1893.
M-N $5,0000.--Nov '18-'22
45
BOND. DEBT Oct 11 1916 $56,000
20.700
Floating debt
35,500
Sinking funds
Assess. val. real estate..___1,161,050
590,280
Assess. val. personal
Total valuation 1916__ _ _1,751,330
Total tax (per $1,000) 1916_ --$23.00
INT.at Hallowell Tr.& Bk. Co.

MAINE-CITIES AND TOWNS.
DISTRICT.
MADISON WATER
(P. 0. Madison) is in

This district
Somerset County.
4s '16 M-S $200,000 -1921-1946
(Due part every 5 years.)
TOTAL DEBT Oct 1916_ $200,000
Assessed valuation 1916___1,755,241
INT. payable in Boston.

MARS HILL.
in Aroostook County.

A town
TOTAL DEBT Apr 1915.-330,542
Assess. val. real estate....-- $686,925
185,850
Assess. val. personal
872,775
Total valuation 1916_ _$28.00
Tax rate (per $1,000)1918....
1,511
Population in 1910

Forest Avenue Bonds.
45 '99 F-A $16,000c ..Feb 1 1919
INTEREST on all the issues except the registered bonds is payable
In Boston at First Nat. Bank and at
the Casco Mercantile Tr. Co. in
Portland.
TOT. DEBT.. SINK. FUND, &c.:
Apr. 1918. Oct. )916.
Bonded debt_$3,495,000 $2,830,500
721,505
Other oblig'ns. 198,414
260,920
286,582
Assets

[VOL. 106.
SKOWHEGAN.
This town Is in Somerset County.
Incorporated in 1823 as Milburn;
name changed to Skowhegan in 1836.
High School Bonds.
4s '15 ___ $26,000 _ _1918-1930
BOND.DEBT Apr 13 1917 $119,000
24,150
Floating debt
3,055,340
Assessed val., real
1,037,815
Assessed val., personal
4,093,155
Total val. 1916
Total tax rate (per $1,000)'16322.00
5.341
Population in 1910

$3,406,832 $3,291,085
Net debt
ASSETS.-City's SOUTH PARIS.
AVAILABLE
This village is in Oxford County.
consist of 4,857
assets
available
HOULTON.
Water-System Bonds.
shares ($242,850) of Portland Gas
This town is in Aroostook County.
Light Co. stock and cash reserved for 45 '09 A-0 $68.000c_ __Oct 1 1929
Incorp. Mch. 8 1831. City owns
DEBT Apr 10 '17- $68,000
BOND.
T.
MILLINOCKE
city
of
443,732.10.
debt,
payment
$49,875
stock-value
1,995 shares
597,245
•
This town is in Penobscot Co. Borrowing capacity Apr. 1918, Assessed val., real
of the Houlton Water Co.
Assessed val., personal...... 199,335
Incorp. Mar. 16 1901.
$152,961 31.
Town Bonds.
796,580
April
$57,181
val.
1916
1917
Total
DEBT
TOTAL
1934
1
J-D $27,000-__Dec
45
ASSESSED VALUATIONTax rate (per 131,000) 1916....__$5.40
Assess. val. real estate_ _ _ _ 1.675,009
Refunding Bonds.
1905.
1912.
1917.
1916
(est.).._1,600
231,340
1,542;
prop..
1910,
Pop'n
val.
personal
Assess.
1930
1
v
$32,000r-No
M-N
4s '10
INT. payable at Paris Trust Co.
A-0 10.0000-Oct 1 1918 Tot.val.'17 abt.(60% act.). 1,906,349 R.E-53462,025 48070,525 35600,350
48
$1.000) 1917..-$33.00 Peel-23465,784 19013,743 15425,655
J-D 37,0000-Dec 15 1920 Tax rate (per
334s
3,368
1910
in
Population
Bonds.
Water
Tot...76927,809 6703,268 51026.005 SOUTH PORTLAND.
M-11 $15,000c-May 1 '18-'32
21.20
330
21.20
Tax per M23.20
This city is in (lumborland Co.
M-N 17,000c_ May 1 1932 MILO.
3s
1926
POPULATION.-In 1917 (est.), -s '06 -- $14,000
County.
in
Piscataquis
A
town
1918.)
1
May
call
to
(Sub)ect
1918-1925
07 __- 24,000
_s
in
1900,
58.751;
in
1910,
$41,995
65,000;
1915..
April
DEBT
TOTAL
School, Bridges, Town Imp.Bds. Assess. val. real estate___$1,098,365 60,145; in 1890, 36.425.
1918
4,000
___
'09
_s
M-N$10.000c___Nov 1 1931
4s
1919-1925
21,000
s '09
300,804
Assess. val. personal
BOND.DEBT Mar 1 '18-- $148,000 Total
1930
55,000
'10
-s
1,399.169
1916_
valuation
19,500
Floating debt
1918-1925
BRIDGE DISTRICT. -s '11 --- 21,000
2,566,075 Tax rate (per $1,000) 1916....$22.50 PORTLAND
Assess. val. real estate
1925
This district comprises the entire _s '11
4,000
2,556
1,097,345 Population in 1910
Assess. val. personal
1927-1928
Portland and South Portland _8 '15 ___ 20,000
of
cities
%act.) 3,663,420
Tot. assess. val.'18(3
1929
and was organized in 1905 to build _s '15
_- 8,450
Tax rate (per $1,000) 1917-- _ -$32.50 MOUNT DESERT.
1931-1933
30,000
Vaughan's Bridge, connecting the _s '16
5,845
This town is in Hancock County. two cities. The entire property of _s 16 ...... 5,000
Population in 1910..
1934
General Improvement Bonds.
the two cities is liable in proportion
INT. at First Nat. Bank, Boston.
Permanent Improvt, Bonds.
$70,780
4343
1935
to assessed valuation.
434s'18 M-S $15,000c
Bonds.
Bridge District
J-J 3300,000-_July 1 '18-'45
Refunding Bonds.
serial 3348
KENNEBEC COUNTY.
-_ $14,000c
4343
1935
BOND DEBT Apr 8 '18-$300,000 434s'18 M-S .f7,500c
seat.
county
Augusta is the
TOTAL D-EBT Apr 1918.. $84,780
1935
INT. at First Nat. Bank, Boston,
M-S 10,000c
1928-1938 Assess. val. real
2,468,669 and at the Canal Nat. Bank, Port- 4348'18
_s '07 __- $50.000
BOND.DEBT Apr 8 1918. $232,500
242,246 land.
Assess. val. personal
Funding Bonds.
11.152
fund
Sinking
1930
1
g
2.710,915
Total val.'17(3
4s '15 F-A $20.000c___Au
% act.)
4,705,145
Assessed val., real
BOND. DEBT Jan 1 1918 $70,000 Total tax rate (per $1,000)'17.330.00
Assessed val., personal... _ _ 622,640
Assess. val. real estate__24,247,761 Pop. '10, 1,569; '17 (est.). 1,650. PORTLAND WATER DISTRICT. Other assessable property.. 73,100.
5,297,165
Water Bonds.
Assess. val. personal
Total val.'17(80% act.) ....5,400,885
4s '15 -_- $200,000c...._Jan 1 1935 Tax rate (per $1,000) 1917......$24.00
Total valuation 1916-- 37,623,381 NEWPORT.
A town in Penobscot County.
Funding Bonds.
Tax rate (per $1,000) 1916.._ _$1.62
1910,7,471; 1917 (est.)__9,000
Pop'n
68,863
Population in 1910
Sewer Town-Hall & Bridge Bds. 4s '08 J-Dt$3.000.000c__Dec 1 1925
4s '14 -__ §100.000-__Mar 1 1934 WALD°BOBO
. INT. at 1st Nat. Bank, Boston. 4s '97 Dec $17,500c
4s '15 -- 200,000____Jan 1 1935
School-House Bonds.
This town is in Lincoln County.
or Augusta Trust Co
4s '16 _ - 150,000 ___ _Apr 1 1936 BOND. DEBT Feb 28'18 $35,200
45 '10 Oct $15,000c
1
1917
July
DEBT
$30,400
BOND.
BOND. DEBT Apr 5 '18..
3,725
fund
$3,550,000 Sinkingval., real estate . $906,775
1,600
District bonds
debt
DISTRICT. Floatingval.
KENNEBEC WATER
,bds(assumed) 1,815,000 Assess.
810,575
Water C
real
Assess.
214,614
Incorporated March 17 1899.
personl
val..
Assess.
636,961
271.070 Water sinki.lg fund
1,121,289
The city of Waterville and the vil- Assess. val. personal
valuation 1916
1 1917...5,365,000 Total
lage of Fairfield are in this district. Tot.assess.val.'17(2-3 act.) 1,081,645 NET DEBT July
Tax rate (per $1.000) 1916- _ ..-$25.00
INT. on bonds marked (§) at Population in 1910
2.653.
Population served by district, 18,000. Tot,tax rate (per $1,000)'17.._$27.00
at
Old
Pop'n in '10; 1,747; 1918 (est.) 2,000 Fidelity Tr. Co., Portland;(t)
Post office address, Waterville.
Colony Tr. Co., Boston., or U. S.
INT. payable in Newport.
3s g M-N$800.000cMay 1'20&'25
COUNTY.
Portland.
N
Co.,
Tr.
1925
1
WASHINGTO
50.000c_May
4s g '10 M-N
County seats are Machias and
48 g '15 M-S 100,000c___Mar 1 1930 OAKLAND.
This town Is in Kennebec County.
Calais. Incorp. In 1789.
BOND.DEBT May 1 '18 $950,000
PRESQUE ISLE.
Refundinri Bonds.
Washington Co. RR. Bonds.
Sinking funds Jan 1 1918__ 139,982
County.
in
is
Aroostook
town
This
-_918-1922
J4 $475,0000-Jan 1 1928
9,294,963 4s '15 A-0 $4,000c __1
Total valuation 1915
TOTAL DEBT Apr 1915.... _354,500 43 '93
_
_1923-1931
18,000c
(Subject to call Jan. 1 1923.)
Boston.
Bk..
Shawmut
Nat.
at
INT.
val. real estate.. -$2,403,525 BOND. DEBT Apr 8 '18- $475,000
BOND.DEBT Apr 1 1918.. $26,000 Assess. val.
453.080
personal
Assess.
13,000
val., real estato_11,462,325
Floating debt
2,856,605 Assess.
871,135 Total valuation 1916
KENNEBUNK.
Assessed val., real
Assess. val., personal____ 3,769,283
15,222,608
personal
260,035 Tax rate (per $1,000) 1916-- _328.00
Total valuation 1916
This town is in York County. Assessed
5,179
in
1910
Population
1,131.170
Total val.val..
State & Co.tax(per $1,000)'17 $27.77
Incorporated in 1820.
1917
BONDED DEBT Feb 1 '17 $32,750 Tax rate (per $1,000) 1017......$33.00
Pop. '10, 42,905; '16 (ost.)_45,000
2,175,205 Pop'n
2,257; 1917 (est.)..2,500 ROCKLAND.
INT. at Boylston Nat. 13k.. Boston.
Assess. val., real
486,880
at Harris, Forbes & Co.,
INT1910,
This city is in Knox County. Inc.
Assess. val., personal
In 1854. Bonds are tax-free.
Tot. assess.val.'17(2-3act.)2,596,985 Inc., Boston.
32,500.._Jan 1 1932 WATERVILLE.
Total tax (per $1,000) 1917..-$26.30
4s
This city is In Kennebec County.
7,700........Jan 1 1U8
4s
Pop'n. 1910, 3.099; '17 (est.), 3.500 OLD ORCHARD.
city, 1888.
961.
Pop.
'10,
Co.
York
A town in
Refunding (Int. at Treas. Office). Incorp. 1802;
zStreet Bonds.
J-J $50,800c..July 1'18&'19
BOND. DEBT May 1917.. $46,000 3s
DISTRICT.
WATER
43 '16 A-0 $12,000c___Oct 1 1933
KITTERY
3,000
1920
_l
debt
20,850c_
J-J
Floating
'05
3s
Funding Bonds.
This district is located in the town Assess. val. real estate
1,423.405 3 Ms
_
40,300c -----1921
M-8 $80,000c-Sept 1 '31-33
4s
of Kittery, York County, and sup- Assess. val. personal
56,215
(Subject to call after 7 years.)
35,000c-July 11927
'97 J-J
4s
plies water to about 5,000 inhabi- Total assess. val.
1
1922
__July
_1,479,620
$13,000c..
J-J
4s '07
Legisby
authorized
35,000c_ __Sept 1 1935
M-8
33.0'05
District
tants.
1916_1916.--$24.00
(Subject to call at any time.)
Tax rate (per $1,000)
9,000c_ __Aug 1 1929
lature in Jan. 1907.
1923 4s '09 F-A
$25,000c
45
Bonds.
Refunding
5s '08 J-J $140,000c.. _Jan 1 '19-'38 OLD TOWN.
1924
___ 16,500c
330
F-A 30,000c_Fob 1 '24-26
BOND.DEBT Apr 6 '18.... _$140,000
1925 334s
County. 48
Penobscot
is
25,000c
in
city
This
21.500 Incorp. as a city Mch.30 1891.
Floating debt
1927 4s '09 J-J 105,000c.. _July 1 1939
4s_ 13.000c
M-S 50,000c_Sept 1 '23-'27
INT.at Old Colony Tr. Co.. Bost.
Refunding and Funding Bonds. BOND.liEBT Apr 16 '18 $244,700 330
F-A 30,000c_Feb 1 '37-'39
128,577 4s
410,000____Aug 1 1921 Floating debt
3340'01
20,000c__ -July 11037
J-J
4s
'17
1
1918
-5.831.562
LEWISTON.
Total valuation 19174s '98 --- 14.500____July
This city is In Androscoggin 330'01 ,..._ z15,000_Nov 1 1921 Tax rate (per $1,0()0)1917--_$28.00 BOND. DEBT Apr 6 '18.. $406,000
8,174 Assess. val., real estate_ _J6,844,345
Co. Inc. in 1863. Pop'n '10,26.247 4s '08 J-D a65,000c_ __June 1 1928 Population in 1910Assess. val.. personal...... 1,608,010
City Building Bonds.
BOND. DEBT May 7 '17.. $104,500
•
Tot. assess. val. 1917_-- 8,452,355
45,000
4s g J-J $185,000___July 1 1931 Floating debt
,
33
Tax
rate (per 41,000) 191'7..-$30.00
3,104,085 RUMFORD.
Ref. Bds.(Int. at 1st N.Bk., Dos.) Assessed valuation, real
This town is in Oxford County.
Population in 1910...... -11,458
J-J $80,000... July 1 1924 Assessed val. personal
514,040 BOND.
4s
DEBT Jan ,918.. $184,500 zINT. at First Nat. 131c., Boston.
J-J 51,000-- - _Jan 1 1930 Total valuation 1916
4s
3,618,125 Notes outstanding
38,500
J-J 100.000-----July 1923 Tax rate (per 31,0003 19113-..-427.00 Assess. val, real estate..._ 2,704,540
4s
.
6.317 Assess. val. personal
4s '07 A-0 174.000..........1937 Population in 1910
2,372,320 WESTBROOK
Westbrook Is In Cumberland co.
1927
A-0 100,000
43
_ 5,076.860 Incorporated
INT. on bonds marked (a) at Total valuation
March 1891. l'opula43 '13 J4 100.000....._July 1 1933 Merrill Tr. Co., Bangor; (z) at Mer- Tax rate (per $1,000)
_- ---$23•50 tion 1910,8,281; 1917 (est.), 9,900.
1917_-1917
Water-Works Bonds.
6.777 4s'16 -_- $30.000c
chants' Nat. Bank, Boston.
Population in 1910
1929.
__- $200,000
4s '17
Paving Bonds.
BOND.DEBT May 1 '18.. $990,500 PITTSFIELD
48 '12 M-S $15.000c_Sept 1 '18.22
222,396
SA00.
Notes outstanding
County.
Somerset
in
town
A
This city is in York County. Inc.
Refunding Bonds.
248,207 BOND. DEBT Nov 13'16-$30,000
Sinking funds
'10. 6,583 4s g '07 J-J $15.000c_ .-Apr 1 1922.
2.905 Floating debt
Water sinking fund (incl.)
42,000 Feb. 18 1867. Population
J-J
15,000c....Jan 15 1926.
4s
Refunding Bonds.
Assess. val. real estate___$16,745,003 Assess. val. real eat
1,398,105
J-D $10,000c_ _Dec '18-'23 4s '11 J-D f24.000c June 20'21-32.
45
3,098,980 Assess. val., personal
Assess. val. personal
294,630 3345
1,000c --June 20 1933
'18-'30
--Nov
13,000c..
M-N
_19,843,988
_
_
Total valuation 1916__
Total assess. val. 1916___ _1.692,735
M-S 15,000c_Aug 31 1921 4s '14 ___ 45,000c__Aug 15 1931
Tax rate (per $1.000) 1917_ --$24.50 Tax rate (per $1.000) 1916- --$23.50 3 355
25.000c ._Jan 1 1935
1
'18-'42
-Oct
25,000o
A-0
'07
430'15
4s
CITY PROPERTY.-The prop- Population in 1910
2.891 3 hs'09 M-S 10,500c _Sept 1 '18-'39 43 '17 J-J $20,000c_ __Jan 1 1937
arty of this city is valued at $2,021,50,000c__Apr 1 1939 BOND. DEBT Jan 1 '18.. 3214,000
• 48 '14 A-0
.326. Incl. among other things stock PORTLAND.
43,167
Branch
J-J 830,000c- _ _Jan 1 1942 Floating debt
Auburn
&
Lewiston
of the
Portland (City) is in Cumberland 4s '17
14,580.
RR. valued at $225,000, and water- County. Incorp. Feb. 28 1832. BOND. DEBT Feb 1 '18.. $153,500 Water resources
35,000
real
val.,
debt
5,455,900
Asses.sed
Floating
works valued at $963,119.
Bonds issued after Feb. 1 1909 are Assessed val. (2-3 act.).... 4.950.718 Assessed val., personal..... 814,175
non-taxable In Maine; prior issues Tax rate (per $1,000)
$25.75 Tot.ass'd val.'17(70%act.).6,270,075
LISBON.in Androscoggin Co. Inc. are taxable.
* INT. at Fidelity Trust Co.. Bos- Total tax rate (per $1,000)'17425.50,
Town
School Building Bonds.
ton; on other bonds at York Nat.
June 22 1799. Population '10,4,116. 434s
INT. at Old Colony Trust Co..
Aug 1 '18-'22 Bank,
$25,000c
F-A
g'07
Saco.
Water Bonds (Tax-exempt).
Boston, 1st Nat. Bk., Boa., West1937
43 '17 ___ 700,000
4s '09 A-0 $74,000c.. __Oct 1 1929
brook Tr. Co. and Canal Nat. Dank.
Bonds.
Debt
Funded
BOND. DEBT Apr 14 '17_ $74,000 334sg'02 J4$614,000c&r_July 1 1922 SANFORD.
Pori1 nd.
This town Is in York County.
37,963 334s g '05 M-S 99,000c&r_Mch 1 1920
Floating debt
11.370
School Bonds.
Sinking fund (water)
YARMOUTH.
1929
1
__Aug
F-A
245,000c_
'09
g
4s
--_ $40,000
Assess. val. real estate_ --$2,47t,520 48 g '12 J-J 350.000c_ _July 1 1932
This town is In Cumberland Co.
398,315 4s '13 M-8 200.000._ _ _Mch 1 1963
Sewer Bonds.
Assess. val. personal
Inc. 1849. Population 1910. 2,355.
_$2,000
$50,0000_
J-D
YrlY
334s'04
2,869,835 4s '14 M-S 200,000c_Sept 1 '24-'43
Total valuation 1916_
Water and Sewer Bonds.
Municipal Bonds.
Tax rate (per $1,000) 1916......$20.20
1926
43 '95 F-A $32,000c
City Hall Bonds.
INT. at Old Colony Tr. Co.. Bost. 4s '11 A-0 $1,000.000Apr 1 '26-45 4s '14 J-D $50,000c_Dec 1 '24-'33
(Subject to call 19t6)
$140,000
'18.
Jan
31
BOND.DEBT
DEBT Feb 1 '18 332,000
BONDED
$40,150 Floating debt
Floating debt
CITY OF DEERING BONDS.
7,800.
LUBEC.
4,302,000 Sinking
Assessed val., real
Annexed Feb. 6 1899.
14,653
fund (water)
This town is in Washington Co.
Assessed val., personal_ _ _ 1,372,815 Assess. val., real estate_ _ _ _1,311,545
Sewer Bonds.
BOND. DEBT May 1913_327,000
$.6,000____June 11017 Tot.ass.val.'17(807, act.). 5,674.815 Assess. val., personal
196,323
Assess. val. real estate__ $634,315 4s
$25.80 Totasses.val.'17(80% act.).1,507.868
Tax rate (per $1,000) 1917
392,920 (Matured, but not presented for
Assess. val. personal
Pop'n 1910, 9,04.); 1917(est.). 13,000 Tax
payment.)
917_
_$25.60,
$1,000)
rato
(per
Total valuation 1916----- -.027.235
, payable in Sanford
INT. on 330
High School Bonds.
Tax rate (per $1.000) 1916---432.00
INT.at Fidelity Tr. Co., Portland.
3.433 4s '99 J-D 19,0000...June 1 1919 on 4s in Portland.
Population in 1910




JUNE, 1918.]

NEW HAMPSHIRE-DEBT OF STATE.

17

village district. State bonds are subject to taxation unless exempted by
the terms of the Act under which they are issued.
In 1913 the privilege of exemption was extended by Chapter 51 of the
Acts for that year to future bond issues by school districts when held by
ITS
residents. Another Act of 1913 (Chapter 112) exempts from taxation all
the bonds or notes of the State or any of its minor civil divisions bearing
DEBT, RESOURCES, dm
not exceeding 5% interest.
-PRIVILEGES AND RESTRIC.
One of Original Thirteen •SAVINGS BANKS INVESTMENTS
Admitted as a State
savings bank investment laws of New Hampshire were com9,305 TIONS.-The
Total Area of State (square miles)
pletely revised and materially altered in many respects at the Legislative
by
Concord session of 1917. An explanation of the changes made was publishedThe
State Capital
us in the "Chronicle" of May 19 1917, pages 2028 to 2030 inclusive.
Governor (term exp. 1st Wed. Jan. 1919)_ _Henry W. Keyes full text of the new law as it now stands follows:
Edw.C.Bean
Section 1. On and after the passage of this act savings banks and savings
Secretary of State (chosen by Legislature)
departments of banking and trust companies shall make investment of their
J. W.Plummer funds
Treasurer (term expires Jan. 1919)
in the following classes of securities only:
J. P. Tuttle
Sec. 2. For the purposes of this act a note shall be construed as a written
Attorney-General
of an individual, firm, corporation or voluntary association, signed
promise
in
Wednesday
first
the
on
odd
years
in
biennially
LEGISLATURE meets
by the maker, to pay a specified sum of money on demand or at a fixed or
January, and length of session is not limited.
determinable future time, but not issued under indenture or deed of trust.
is very brief. A bond shall be construed as a note issued under indenture or deed or
HISTORY OF DEBT.-New Hampshire's debt history
no bonds were trust.
and
conservative,
extremely
been
always
has
State
This
Hampon real estate
1. In notes or bonds directly secured by first mortgage
issued until after the breaking out of the Civil War. In 1866 New
exclusively situated
within the State of New Hampshire; but no such investment shall
shire reported her funded indebtedness at $4,169,816, contracted
by which it is
estate
was
real
the
outstanding
total
$3,213,962.22,
of
value
the
the
of
1869
70%
1
that
exceeds
June
loan
a
be in
for war purposes.
against which the Treasurer reported an asset of $77,082.89. The State secured and not exceeding 75% of the deposits shall be so invested.
notes or bonds directly secured by first mortgage on real estate
In
2.
debt at the present time is as follows:
- situated outside of New Hampshire but entirely within the United States,
Principal
-Interest
LOANS% Payable. When Due. Outstand g which at the time of such investment is improved,occupied and productive;
Name and Purpose$50,000 but not exceeding 40% of the deposits shall be so invested, and no such
1919
1
July
J
e.c
J
31.4
1909
of
bonds
Sanitorium
201,500 investment shall be in a loan that exceeds 50% of the value of the real
335 J & .1 July 1 '18-21
Highway bonds of 1911
334 J & 1 July 1 '21-'24 250,000 estate by which it is secured.
of 1912
do
do
80,000
timber lands
July
1
J
'18-25
&
J
1905
Hospital,
3. In notes or bonds directly secured by first mortgage onexceeding
5%
150,000 situated
334 J & J July 1 1927
within the States of Maine and Vermont; but not
1907
do
85,000 of the deposits shall be so invested, and no such investment shall be in a
o 33-4 J & J July 1 1929
1909
do
500
is
it
secured.
by
which
estate
real
the
of
value
the
of
loan
(overdue).
50%
that
exceeds
Municipal War
500 loan
4. In notes secured by collateral in which the bank is at liberty to inLoan of 1873 (overdue)
1,165,130 vest, of a value at least 10% in excess of the value of the note, and in
Trust funds
pieces.
bonds secured by collateral in which the bank Is at liberty to invest under
PAR VALUE OF BONDS.-The bonds are in $500 and $1,000
paragraphs 1, 2,3,4 and 7 of Section 4, of a value of at least 10% in excess
INTEREST is payable at the National Shawmut Bank of Bostonand at of the value of the note. The amount of any one class of securities so
State Treasurer's office.
taken as collateral, added to that which the bank may own at the time.
and under are exempt when held shall not exceed the total limit of investment in that class of security; but
TAX-EXEMPT.-All issues at 33-4%Hampshire.
New
of
not exceeding 25% of the deposits shall be so invested.
citizens
and
by savings banks
on the
5. In notes secured by collateral securities which are dealt inprice
was $1,431,002.73. The
of
TOTAL DEBT.-The net debt on Sept.1 1917 debt
Exchanges of Boston or New York, the Stock Exchange
Stock
named.
the
dates
on
total
subjoined statement shows New Hampshire's
be at least 20% in excess of the amount due upon
times
all
at
shall
which
the
of
Assets Sept. 1 1917 were $55,726.87.
deposits
25%
not
exceeding
but
the note, while held by the bank;
Sept. 1 '17. Sept. 1 '16. Sept. 1 '15. Sept. 1 '14. shall be so invested.
$986,000 $1,071,000
$901,000
$817,500
Total funded debt
6. In notes secured by any savings bank deposit book issued byorany
1,051,696
in
1,068,860
1,148,634
1,165,130
bank chartered under the laws of any New England State;
Trust funds
100 savings
100
100
100
notes secured by the depositor's pass-book of any building and loan assoFloating debt
of
in
be
excess
shall
not
investment
that
the
ciation of this State, provided
$1,982,730 $2,049,734 $2,054,960 $2,122,796 the withdrawing value of said pass-book.
Total debt
in
or
or
indorsers,
more
one
or
signers,
was
valuation
more
assessed
or
two
total
with
In
notes
7.
State's
ASSESSED VALUATION.-The
(per $1,000) was $17.80.
acceptances of member banks of the Federal Reserve System of the kinds
been as below. The average tax rate for 1917
Assessed Val. and maturities made eligible for rediscount or purchase by Federal Reserve
YearsVal.
Assessed
YearsVal.
Assessed
Years$209,670,845 banks, or in notes of makers whose net assets are not less than $250.000
$255,085,571 1900
$428,107,097 1910
1917
204,734,731 and whose total indebtedness does not exceed 50% of their quick assets;
244,971,264 1898
410,150,583 1908
1916
'
200,957,600 but not exceeding 5% of the deposits shall be loaned to any one borrower
1896
231,641,571
398,845,480 1906
1915
197,839,543 on this class of security; and not exceeding 30% of the deposits shall be
225,082,628 1894
390,877,626 1905
1914
196,117,060 invested under the provisions of this paragraph, provided that, except in
1893
220,624,307
1904
*390,086,029
1912 ---168,964,903 notes with two or more signers, or one or more indorsers. or in said ac1881
214,616,655
263,074,386 1902
1911
this paragraph unless its
the
of the ceptances, no savings bank shall invest under
of
inventories
aggregate
the
simply
are
The preceding values
value of its assets as
different
rates guaranty fund is full and unimpaired and the total
the State taxes at
shall exceed the am mut
various towns in the State. In addition,
Commissioners
of
Bank
Board
capital, railroads, building determined by the
savings banks and trust companies, insurance
10%.
least
at
by
its
of
deposits
and
oar
parlor
companies,
telephone
and
and loan associations, telegraph exemptions allowed by statute, in 1916
8. In bonds issued under the provisions of the Federal Farm Loan Act.
express companies. These, less
MUNICIPAL BONDS.
amount to $137,625,820.
one
tax
a
permanent
commission,
creates
Sec. 3. Vor tne purposes of this section a Municipality shall be con*Chapter 169, Laws of 1911,
valuations in the year 1912 and every second strued as a county, city, town, village, district, precinct or other municipal
of whose duties it is to equalizesame
shall represent the .."true and market corporation; a Municipal Bond shall be construed as an interest-bearing
year thereafter, so that the
for the great increase in valuations in obligation of a government. State, province or municipality, to provide for
value" of property. This will account
but for the various civil divisions, as shown the interest and principal requirements of which taxes may be levied on all
1912. not only for the State itself,
on this and following pages.
municipalities
taxable property within the confines of the obligor; Net Debt shall be condifferent
the
of
by the returns
strued as debt after deducting sinking funds available for the payment of
POPULATION OF STATEdebt and the net outstanding debt created for supplying the inhabisuch
1830
269,328
1790
318,300
141,881
430,572 1870
1910
tants with water; Assessed Valuation shall be construed as the nearest
244,165
326,073 1820
411,588 1860
1900
preceding valuation of property for purposes of taxation; and population
1810
214,460
317,976
1850
376,530
1890
shall be construed as the number of inhabitants in accordance with the
183,858
284,574 1800
1880-- _346,991 1840
preceding census taken under Federal or State authority.
in the constitution of New nearest
DEBT L I MITATION.-There is no restriction
Not exceeding 5% of the deposits shall be invested in the bonds of any
Hampshire upon the debt-making power of the people through the "General one municipality; and not exceeding in the aggregate 10% of the deposits
Court," except the following, which is the last clause of Article 5 of Part shall be invested in the bonds of the Dominion of Canada, its provinces
Second of that instrument.
and cities.
1. In the public funds of the United States, or those for which the faith
Provided, That the General Court shall not authorize any town to loan
or indirectly for the benefit of arty of the United States is pledged to provide for the payment of the interest
or give its money or credit directly
of
principal.
a
or
object
aid
profits
and
dividend
in
its
any
way
for
having
corporation
2. In the authorized bonds and notes of this State, or of any of its municithe same by taking its stocks ortobonds.
the constitution which was ratified in palities.
The above is an amendment
3. In the authorized bonds or notes of any State or territory of the
1877. The amendment would appear to be intended as a complete estoppel
or credit to railroad and industrial corpora- United States; and in the authorized bonds or notes of any city of the
to municipal loaning of money
that
by
its
however,
of Maine, Vermont, Massachusetts, Rhode Island, Connecticut, or
the
terms
does
States
restriction
noticed,
be
to
is
It
tions.
the words being "any town."
Now York, whose net indebtedness does not exceed 73' of the last prenot specifically mention "cities,"
Bond Act of 1895." It ceding valuation of the property therein for taxation; or ofany municipality
/n addition to the foregoing is the "Municipal
what a municipal corporation may in said States whose not indebtedness does not exceed 5% of such valuatells in the matter of issuing bonds
tion.
do.
cannot
it
The law enacts:
do, what It must do, and what
4. In the authorized bonds of any municipality of any other of the United
Sec. 1. The term "municipal corporation" means town, city, scho
Sec.
2.
precinct.
village
States or territories whose net indebtedness does not exceed 5% of the last
be
must
issued
Bonds
and
trict, village district
valuation of the property therein for taxation; and in the aupayable within 20 years, interest semi-annual, not exceeding 6%, may precedingbonds
of any city of 50.000 inhabitants of any of said States whose
be payable in gold coin. If made payable in less than 20 years, may be thorized
does not exceed 7% of the last preceding valuation of the
indebtedness
time
from
of
years
net
20
issue. Sec. 3. Bonds
extended, but never beyond
therein for taxation. Provided', that the bonds of any county,
(except of cities) must be authorized by a vote of two-thirds of all voters propertytown
less
than 10,000 inhabitants, or of any school district or
of
of
such
meeting
or
city,
annual
or
a
at
soecial
an
corporation,
at
present and voting
inhabitants in any State or
meeting properly called, &c. (for which see Act). Bonds must be signed other municipal corporation of less than 2,0003 of this section shall not be
by a majority of the Governing Board, countersigned by Treasurer and territory other than those named in paragraph
investments.
of
and
place
authorized
Time
payment
and
rate
of interest,
have seal of corporation.
5. In the authorized bonds of the Dominion of Canada.
&o., may be delegated to Governing Board. Sec. 4. City bonds must be
passed by at least two-thirds of
6. In the authorized bonds of any province of the Dominion of Canada.
authorized by resolution of City Council
by
yeas
taken
and
7. In the authorized bonds of any city of the Dominion of Canada, with
branch,
nays,
signed by Mayor,
members elected to each
Place of payment, rate a population of not less than 50.000, whose net debt does not exceed 7%
countersigned by Treasurer, seal of city affixed
of interest and sale may be delegated to Treasurer. Sec. 5. Bonds shall be of the last preceding valuation of the property therein for taxation.
OTHER BONDS. NOTES AND STOCKS.
payable to bearer or to registered holder by name, and must be in form set
out in Act-which see. In case bonds be made subject to call, they must
Soc. 4. For the purposes of this section a Company shall be construed
contain statement to that effect as given in Act. "The validity of any bonds as a corporation or voluntary association organized under the laws of the
from
the
forms herein prescribed." United States or any State thereof and located and doing business prinshall not be affected by any variation
Sec. 8. Treasurer to keep a book in which he shall register bonds issued, &o. cipally within the United States; a Public Service Company shall be conS'ec. 7. "All bonds purporting to be issued by virtue or in pursuance of this strued as a company doing principally a gas, electric light, electric power
Act and signed and sealed as hereinbefore provided shall, in favor of bona or electric railway business; Mortgage Bonds shall be construed as bonds
Ode holders, be conclusively presumed to have been duly and regularly secured primarily by direct and foreclosable lien on physical property
authorized and issued in accordance with the provisions herein contained, owned by the obligor; Years shall be construed as calendar years, fiscal
and no holder thereof shall be obliged to see to the existence of the purpose years or nearer periods of twelve months next preceding such investment;
of the issue or to the regularity of any of the proceedings or to the applica- Net Income shall be construed as income after deducting operating extion of the proceeds. All such bonds shall be negotiable in all respects and penses, taxes, insurance, rentals, guaranteed interest and guaranteed
to the same extent as securities negotiable by the law merchant." See. 8. dividends, and expenditures for maintenance; and Annual Interest shall be
Annual tax must be levied and collected sufficient to pay interest and pro- construed as interest actually paid in each year except that for the latest
vide a sinking fund sufficient to pay principal within 20 years. Sec. 9. No year It shall be construed as one year's interest on the total amount outbonds can be issued which shall increase the net debt of corporation to an standing at the time of the investment.
amount exceeding 5% of the value of the taxable property therein as last
Not exceeding 75% of the deposits shall be invested in securities auappraised for assessing taxes. To ascertain net debt, all debts must be in- thorized under this section; and not exceeding 5% of the deposits shall be
cluded except the following, which must be deducted-water debt, 'cash invested in the securities of any one company, and not exceeding 25% of
and other means' in treasury and sinking funds applicable to payment of the deposits shall be invested in securities authorized by this section other
debt so included; "but nothing contained in this section shall prevent the than in bonds and notes.
issue of bonds for the purpose of refunding an equal principal amount of
No investment shall be made in securities authorized under this section
other bonds of such corporation." Sec. 10. Corporation seal. Sec. 11
unless the net income of the company in question in each of the three years
Act to take effect on passage. Approved March 19 1895.
next preceding such investment shall have been not lass than one and
Exceptions have been made to this law from time to time in special in- ono-quarter (1 q) times the annual interest on the entire funded debt.
stances, such as in the case of $100,000 high-school bonds of the city of
In the case of a company formed by the consolidation of two or more
Portsmouth Authorized by Chapter 202. Laws of 1903. This chapter existing companies, the net income and annual interest for the years preprovides that Section 9 of the Municipal Bond Law of 1895 does not apply ceding such consolidation shall be the combined net income and annual
In this instance.
Interest of the consolidated companies.
The change of motive power by any steam railroad company, whether
TAXATION OF MUNICIPAL BONDS.-Chap.55 of the Laws of 1907
provides that any city, town, precinct or village district may exempt from wholly or in part, shall not affect the eligibility for investment of any steam
taxation any future issue of its bonds, provided such exemption shall apply railroad obligations.
Subject to the foregoing, investments may be made as follows:
only to bonds owned and held by citizens of said city, town, precinct or

New Hampshire.




NEW HAMPSHIRE-CITIES AND TOWNS.

[VoL. 106.

STEAM RAILROAD SECURITIES.
requirements of the class of stock in question: and that all companies to be
1. In bonds or notes issued or assumed by steam railroad companies and eligible under this paragraph in each of the five years
next
such
in mortgage bonds of companies controlled by such companies for the re- investment shall have paid dividends at the rate of not lesspreceding
than 4% per
funding of which mortgage bonds of such companies are specifically re- annum upon the class of stock in question. Without the written
approval
served, provided that in each of the three years next preceding such invest- of the Board of Bank Commissioners no investments shall be made
ment the net income of such companies shall have been either (1) not less the authority of this and the preceding paragraph, and it shall be theunder
duty
than ten million dollars ($10,000,000) and not less than one and one-half
of said board to furnish to the banks from time to time a list of such so(1%) times the annual Interest on the obligations in question and all•other curities as are eligible for investment, but not exceeding 10%
of
the
deobligations of corresponding or prior lien, or (2) not less than two million posits shall be invested under the provisions of this paragraph.
dollars ($2.000,000) and not less than one and three-quarters (1q) times
Sec. 5. In the bonds, notes, stock or certificates of interest of any
the annual interest on the obligations in question and all other obligations manufacturing company organized and doing business in the New England
of corresponding or prior lien.
States that has earned and paid regular dividends on its entire capital
2. In mortgage bonds guaranteed as to principal and interest by such stock or certificates for each of the five years next preceding such investcompanies, provided that in each of the three years next preceding such ment, and whose net indebtedness does not exceed 50% of the amount
of
investment the net income of the obligor company shall have been not its unimpaired capital stock; but not exceeding 10% of the deposits shall
less than five hundred thousand ($500,000) and not less than one and be so invested; provided, no bank shall hold more than 25% of the stock of
one-half(1%) times the annual interest on the obligations in question and any such company.
all other obligations of corresponding or prior lien.
Sec. 6. In the capital stock of any banking or trust company, or
3. In equipment securities issued or guaranteed as to principal and deposits of guaranty savings banks incorporated under the laws special
of the
interest by such companies, provided such securities are issued for not ex- State of New Hampshire and doing business therein; but the amount
of
ceeding in par value 85% of the cost of standard equipment and mature such stock held by any savings bank as an investment and as collateral
in approximately equal annual installments over a period of not exceeding for loans shall not exceed one-tenth of the total capital stock or special
deposits of such banking or trust company or guaranty savings bank, and
fifteen years.
4. In the mortgage bonds of terminal or bridge companies guaranteed not exceeding 10% of the deposits shall be so invested.
Sec. 7. In the stock of any national bank or trust company located in
as to principal and interest, by two or more such companies.
5. In certificates of indebtedness, commonly termed "receiver's cer- the New England States or the State of New York, but not exceeding 10%
tificates," issued by a receiver of any steam railroad under authorization of the deposits of a savings bank shall be invested in such stock: the amount
of stock in any national bank or trust company in this State which may be •
of the court having jurisdiction over such receiver.
6. In the dividend-paying capital stock of steam railroad companies of held by any savings bank as an investment or as collateral security
which the net income in each of the five years next preceding such invest- loans shall not exceed 25% of the capital stock of said national bank for
or
ment shall have been either (1) not less than ten million dollars($10.000,000) trust company; and the amount of stock in any national bank or trust
and not less than one and one-half (13) times the annual interest on the company outside of this State which may be held by any savings
as
entire funded debt, or (2) not less than two million dollars ($2,000.000) an investment or as collateral for loans shall not exceed one-tenthbank
of the
and not less than twice the annual interest on the entire funded debt, capital stock of said national bank or trust company.
Sec. 8. In the stock or certificates of interest, of any real estate corporaprovided that the income of such companies applicable to dividends in at
tion
or
association
least four of the five years next preceding such investment shall have been
of this State and whose property is occupied and imnot less than the current annual dividend requirements on the class of stock proved and is located in this State, whose capital stock is one hundred
in question and all other classes of stock of prior preference and that such thousand dollars or more, provided the total indebtedness of such corporation
association
or
companies in each of the five years next preceding such investment shall
does not exceed one-half of the capital stock actually
have paid dividends at the rate of not lass than 4% per annum on the class paid in and remaining unimpaired, and provided such corporation or assoof stock in question and all other classes of stock of prior preference or in ciation has earned and paid regular dividends of at least 4% per annum
its
upon
capital stock or shares for five years previous to such investment;
the dividend-paying stock of any steam railroad company that IS leased to
but not exceeding 5% of the deposits shall be so invested.
such company and whose dividends are guaranteed by such company.
Sec. 9. Unless the guaranty fund of a bank is full and unimpaired and
PUBLIC SERVICE COMPANIES.
7. In mortgage bonds issued or assumed by public service companies the value of its assets as determined by the Board of Bank Commissioners
and in mortgage bonds of companies controlled by such companies for the shall exceed the amount of the deposits by at least 5%,it shall be unlawful
for it to invest in any stocks of paragraphs 6,8 and 13 of section 4 or in any
refunding of which mortgage bonds of such companies are specifically re- securities
of Section 5 of this act without the written permission of the
served, provided that in each of the three years next preceding such investBoard of Batik Commissioners; and whenever in the opinion of the Board
ment the net income of such companies shall have been either (1) not lass of
Bank Commissioners tho condition of any bank or general financial
than five hundred thousand dollars ($500,000) in the case of street railways conditions
are such that the board deems it unwise for said bank to
and not less than two hundred and fifty thousand dollars ($250,000) in
in said securities, it may by written order forbid such bank to makeinvest
such
the case of other public service companies and not leas than one and three- investment,
and it shall not thereafter be legal for said bank to make such
quarters (lYt) times the annual interest on the obligations in question and investment
until such order shall be revoked in writing.
all other obligations of corresponding or prior lien, or (2) not less than one
Sec.
10.
sayings
No
bank
shall
expend
in the purchase, construction
hundred and fifty thousand dollars($150,000) and not less than twice the
remodelling of any building and the construction of vaults, for the purannual interest on the obligations in question and all other obligations of or
pose, in whole or in part, of accommodating the business of such bank,
a
corresponding or prior lien; and in bonds or notes issued or assumed by greater
sum
than
the
amount
of its unimpaired guaranty fund and surplus
public service companies, provided that in each of the three years next
it is authorized to do so by the Bank Commissioners.
preceding such investment the net income of such companies shall have except
Sec.
II.
In
determining
the
percentage
of
deposits
invested under the
been not less than five hundred thousand dollars ($500,000) and not less
than two-times the annual interest on the obligations in question and all provisions of this act, previous investments held by the banks shall be inother obligations of corresponding or prior lien; provided that in all eases cluded.
Sec.
Section
1
12.
of
Chapter
137
and
Section 1 of Chapter 149 of the
the principal franchise or franchises of such corporations shall not mature Laws of
1915 and Section 1 of Chapter 114 of the Laws of 1901 and all
prior to the maturity of the obligations in question or that such companies amendments
thereto and all acts and parts of acts inconsistent with this
operate under indeterminate franchises or permits and are subject to the act
hereby
are
repealed
and
this
act
shall take effect upon its passage.
regulatory supervision of a State commission of competent jurisdiction or
INVESTMENT OF TRUST FUNDS.—(1895) Chapter 71, Sec. 1.
that such companies operate under a franchise or permit in which the
capital or investment value of the company's property is fixed or deter- Trustees and guardians shall be authorized to invest funds in their hands
mined when such investment or capital value is in excess of the indebted- in the bonds or direct obligations of any county, city, town, school, fire
ness represented by the above obligations or that in the case of electric or water district in New England, when the net debt of said municipality
railways not less than 75% of the mileage owned is located on private does not exceed five per cent of the last assessment of taxes for the purpose
of taxation. The term "not debt" shall be construed to denote the inright of way.
8. In the dividend-paying capital stock of senior preference of public debtedness of any municipality, omitting debt created for supplying the
service companies of which the net income in each of the five years next inhabitants with water and deducting the amount of sinking funds availpreceding such ,investment shall have been not leas than five hundred able for the payment of the indebtedness of the municipality.
thousand dollars (2500,000) and not less than one and three-quarter (13i)
times the annual interest on the entire funded debt, provided that the
CITIES, COUNTIES AND TOWNS IN THE
income of such companies applicable to dividends in at least four of the five
STATE OF NEW HAMPSHIRE.
years next preceding such investment shall have been not less than the
current annual dividend requirements on the class of stock in question, ASHLAND.
CLAREMONT.
and that such companies in each of the five years next preceding such
This town is in Grafton County.
This town is In Sullivan County.
investment shall have paid dividends at the rate of not leas than 4%.per NOTE DEBT Jan
1918—$67,192 Incorporated 1764.
annum on the class of stock in question, and provided that the issue of Total assessed val. 31
1917__.1,355,039
Bridge Bonds.
such stock has been authorized by a State commission of competent juris- Tax rate (per $1.000)
1915_412.30 4s
$24,000_ . July 11918
diction and provided further that not exceeding 10% of the deposits shall be Population in 1910
1,412
Water (Int. at Claremont Nat. Bk.)
so invested.
$158,220c...
J-.7
..July 1 1923
NEW HAMPSHIRE COMPANIES.
Is '13 J-J 61,900-23,700 yearly
9. In the bonds or notes of public service and water companies organized BERLIN.
Refund.(Int. at Claremont N.Bk.).
under the laws of and located and doing business principally within the
Tuts city is in Coos County. in- 340'09
J-.1 $16.900o.. _$1,000 yrly
State of New Hampshire; provided the net income of such companies in corp. Feb.6 1897. New city charter
each of the three years next preceding such investment shall have been not was adopted by the voters May 11'09. 41 '14 J-J 42,500c_July 1 18-'34
10.0 inc___July 1 1924
lass than twice the annual interest on the obligations in question and all 4s '16 ___ $38,000__July 1 '18-'36 41 '14 J-J
Trust Fund Bonds.
other obligations of corresponding or prior lien; and in the dividend-paying
Bridge Refunding Bonds.
$38,686.78 -------1936
capital stock of senior preference of such companies, provided that the in- 4s '15 -_- $81,000__Apr 1 '18-'35 4s_
GEN. Bib. DT. Jan 31 '18-2216,420
come of such companies applicable to dividends in at least four of the five
*Refunding Bonds.
Floating debt
37,975
years next preceding such investment shall have been not loss than one 4!4s'10 M-N 245,000o.Nov 1 '18-'2() Other
' 339,577
and one-eighth times the current annual dividend requirements on the
School House & Fire Sta. Bonds Waterindebtedness
debt (included)
274,386
class of stock in question, and that such companies in each of the five Is '05 J-D $40.000c Dec 1 1918-25 Assed valuation,
real
6,467,600
years next preceding such investment shall have paid dividends at the rate
Funding Bonds.
Assessed val., personal_
1,616,385
of not less than 4% per annum on the class of stock in question.
340'02 J-D 215,000c_June 1 '18-'22 Total
assess. val.'18 (act.)_8,083,985
Public-Improvement Bonds.
TELEPHONE AND TELEGRAPH COMPANIES.
Tax rate (per SLOCO) 1918—$20.00
10. In bonds or notes issued or asstuned by telephone, telegraph, or 4'is•13 J-J $120.500c_July 1 '18-33 Pop. '10. 7,529;
1918 (est.)_10,000
telephone and telegraph companies of which the net income in each of the TOT.BD,DT.Jan 31'17. $339,000 CONCORD. --340,127
five years next preceding such investment shall have been either (1) not Total liabilities
Concord (incorp. 1853) is the capion
Cash
hand
41,659 tal of the State and the county
loss than ten million dollars ($10.000,000) and not less than two times the
seat
91,584 of
annual interest on the entire funded debt, or (2) not less than two million Total resources
Nlerrimack County. Its water53,998 works
dollars ($2,000,000) and not loss than two and one-half (2%) times the Sinking fund investments_
more
than
take
care
of
the
DEBT
NET
Jan
31
'17
268,543
annual interest on the entire funded debt, but not exceeding 15% of the
Assessed valuation 1916..-11.036 668 Interest on the water bonds.
deposits shall be so invested
4s '17 _-_ 220,000
1919-1923
11. In the dividend-paying capital stock of senior preference, of tele- rax rate (per 11.000) 1915_ .119.00
Bridge Bonds.
phone, telegraph, or telephone and telegraph companies of which the net Val. city property Feb 1 '16-3518,797 44 '15 .7-D
$7S.00.te_June 1918-'35
income in each of the five years next preceding such investment shall have Pop. '10. 11.780; '16. est., 14,650 4s
J-J
5,000—July 1 '19-'23
been either (1) not less than ten million dollars ($10,000,090) and not lass
*INT.at Old Col. Tr. Co.. Boston.
Sewer
Bonds
than twice the annual interest on the entire funded debt, or (2) not less
3 Lis'08 M-N $25.000o_ _May 1 1928
than two million dollars ($2,000.000) and not less than two and one-half BO SOAWEN.
J-D I 5,000_ --Dec 11930
4s
11
(2%) times the annual interest on the entire funded debt, provided that the
20,000-Dec 1 '32 & 34
This town is in Merrimack County.
income of such companies applicable to dividends in at least four of the
Penacook Sewer Bonds.
five years next preceding such investment shall have been not less than the Incorp. In 1892. Pop'n 1910. 1,240. 35
A-0 z2500
Oct 1918
Water Bonds (Tax free).
current dividend requirements of the class of stock in question, and that 340
z1,000. _July '18 to '19
J-J
v 1 '18-'23 Is
all companies to be eligible under this paragraph in each of the five years BOND.M-N$34,286c-No
*Union School District Bonds.
next preceding such investment shall have paid dividends at the rate of Floating DEBT May 1916_245.700 340
J-J $40,000__July 1 '18-'22
debt Feb 15 1915-- 13,345
not less than 4% per annuin upon the class of stock in question. but not
50,000_ _July 1 '24-'27
J-J
fund
4,979 3 Vis
exceeding 10% of the deposits shall be invested under the provisions of Sinking
J-J4,000___ July 1 1928
Assess. val. '15 (abt. act.)_ _821,9918
7 9 33is
this paragraph.
30,000July
J-J
-1'23-'29-'30
Total tax (per $1,000) 1915_ _$23.74 340
BONDS OR NOTES.
J-J
9,000._ .July 1 1931
INT.at E.H.Rollins & Sons Boston 330
12. In bonds or notes issued or assumed by companies of which the net
4s
M-N 62,000c_May 1 '20-'34
income in each of the five years next preceding such investment shall have
West Concord Sewer Precinct,
been either (1) not less than ten million dollars ($10,000.000) and not leas
340
A-0 j $500____Oct 1 1918
than two times the annual interest on the entire funded debt. or (2) not CARROLL COUNTY.
1
300- _Oct 1 1919
Court-House Bonds.
less than two million dollars ($2.000.000) and not less than four (4) times
School District No. 20 Bonds.
48
$35.000
s
-an
'15
the annual interest on the entire funded debt, but not exceeding 15% of TOTAL
111-S i•
322,500_ _Sept 1 '18-22
DEBT Dec 31 '16 $77,330 33s
the deposits shall be so invested.
4,300- — -Sept 1 1924
Assessed valuation 1915__15,227.019
CAPITAL STOCK.
City-Hall onds.
19.3143
13. In the dividend-paying capital stock of senior preference, of com- Population In 1910
3l4s
M-8 1218.000_Sept 1 '18-'20
panies of which the net income in each of the five years next preceding such
19,000.Sept 1 '21-'23
investment shall have been either (1) not less than ten million dollars CHARLESTOWN.
55,000. July 1 '24-'29
3%s'04 J-J
($10,000,000) and not less than twice the interest on the entire funded
This town is in Sullivan County.
Public Park Bonds.
debt, or (2) not less than two million dollars ($2.000,000) and not less than
Water and Sewer Bonds.
4s '14 J-D 215,000—Dec 1 '31-'33
four times the annual interest on the entire funded debt, provided that the _s
--- $65,000
Water Precinct Bonds.
income of such companies applicable to dividends in at least four of the BOND. DEBT Jan 31 '18- $65,000 3s
M-S $8,000_ __
1 1922
five years next preceding such investment shall have been not less than the Notes outstanding
J-J
10,00(1._ _Jan
8,000 4s
1919
current dividend requirements of the claSs of stock in question; or if such Sinking fund
J-J 333,000____Jan 1 1922
15,548 43
companies have no funded debt then the income applicable to dividends In Assess. val. 1917 (est.? _ —1,000,000 3s
J-J
7,000_ _ Nov 1 '20-'21
at least four of the five years next preceding such investment shall have Tax rate (per $1,000) 17
18,000__Jan 1 '23-'24
J-J
$2.50 340
been not less than one and one-fourth (140 times the current dividend Population in 1910
1,496 340'05 A-0 31,000_ - Apr 1 '21-'22




JUNE, 1 918]

NEW HAMPSHIRE-CITIES AND TOWNS.

CONCORD (Concluded.)
BOND. DEBT May 1 '18 $872,100
116,732
Assets
20,110.995
Assess. val.'17
Tax rate (per 1,000) '17_ ___318.60
Pop.'00.19,632;'10 (Census), 21,497
• Exempt from tax when owned
by Concord residents.
x Issued on the city's credit for the
Penacook sewer dist., the int. and
principal being payable from a special tax on that district.
INT. at Claremont Nat. Bank.
CITY PROPERTY.-The city
valued its buildings and other property on Jan 1 1918 at $1,690.405
incl. water works valued at $1,101,697, which are the property of the
"precinct."
COOS COUNTY.
The county seat is Lancaster.
Jail & Correction House Bonds.
..s
--- $25,000
BOND.DEBT Dec 31 '17 $25,000
56,609
Other liabilities
Assessed valuation 1915..37,871,310
30,753
Population in 1910
DERRY.
This town is In Rockingham Co.
Inc. 1827. Population 1910, 5,123
Refunding Bonds.
$12,500c___N0v 1 1923
12,500c-Nov 1 1928
4s '13 __
30,000c___Nov 1 1933
12,500c ___Nov 1 1923
430'13 __- 12,500c__-Nov 1 1928
30,000c___Nov 1 1933
Water Bonds (tax exempt.)
330'10 M-N344.000c___Nov 1 1930
,5,000c..__July 1 1922
330'07 J-J2
52,000c__July 1 1927
BOND. DEBT Apr 1918...$231,000
Assessed valuation 1916__ _4,108,419
Tax rate (per ;1,000) 1916_....$23.32
INT.payable in Boston: on bonds
of 1907 at Harris, Forbes & Co., Inc.;
on bonds of 1910 at First Nat. Bank.
DOVER.
This city is the county seat of
Strafford County. Incorp. as a city
in 1855. Population 1910, 13,247.
zCity-Hall Refunding Bonds.
330'12 J-D 375,000c_Dcc 1 '28-32
xBridge Bonds.
4s '13 J-J $45,000c_July 1 '26-'33
High-School Bonds.
330'05 J-D 355,0000. _Deo 1 '18-'25
Water-Works Notes.
J-J $110.000„Apr 2 '19-'27
330
1919-1927
334s
F-A 45.000
Bonds past due, $10,000; int. ceased.
BOND. DEBT Apr 5'18- 340.000
Assess. val. '17 (4-5 act.)_11,568,422
Tax rate (per $1.000) 1917-_$19.00
INT. on bonds marked (x) at
First Nat. Bank, Boston; others at
Shawmut Nat. Bank. Boston.
EXETER.
This town is in Rockingham Co
Incorp. 1638. Pop'n 1910, 4,897.
Street (Int. at Exeter Bank'g Co.)
4s
M-S 1334,000c...32.000 yly
Seminary (Int. at Exeter Ban'y Co.)
_ - _$1.000 yly
434s'09 J-J
DOWD. DEBT
May 20'16-3120.000
$81.000e21,616
Floating debt
13,713
Cash on hand
Assess. val.'15 (abt..act.)_4.236,800
Tax rate (per $1,000) 1915..418.80

Assessed valuation1917_9135,426,108
Val, of county property 1917.645.592
Tot. tax rate (per $1,000)'17_316.80
Population in 1910
126,072
INT. on 3s at Manchester Nat.
Bk.; on 330 at Old Colony Tr. Co.,
Boston; 4s at First Nat. Bk., Boston
JAFFREY.
This town is in Cheshire County.
Incorp. in 1773. Pop'n 1910. 1.895.
Water Bonds.
J-J I 38,000c_Jan 1 '19-'22
330
1 9,000c_ _Jan 1 '23-'25
13,000r_ _Jan 1 '26-'30
J-J
38
Water-ex. note 4s(on demand)$3.000
Road Bonds.*
3348
M-N $2,500c_ f On or before
Nov 1 1922
Bridge Bonds.
312,000_Jan 1 '19-'30
J-J
8,000-Jan 1 '31-'34
Es
6,000_Jan 1 '35-'36
Sewer notes 4s (on demand) $3,500
BOND. DEBT Apr 1918.. $65,000
Floating debt
7,000
Assess. val.(abt act) 1917-1.713,249
Tax rate (per $1,000) 1917._ -$24.00
*Interest paid by the heirs to the
glade estate in Jaffrey.
INT.at C.D.Parker& Co..Boaton
JAFFREY SCR. DIST.
School Bonds (tax-free).
48
A-0$34,000c_Oct 1 '18-'34
1,000c___Oct 1 1935
BOND. DEBT Oct 30'16-335,000
Floating debt
2,000
Assess. val, real estate____1,206,651
Assess. val., personal
407,000
Total valuation
1,667,000
Tax rate (per $1,000)
$7.50
INT. at Monadnock Nat. Bank,
East Jaffrey.
KEENE.
County seat of Cheshire Co. Incorp. as a town 1753; city, 1874.
Bonds are tax-exempt when held
by residents of Keene.
Funding Bonds.
48 '16 --- f$20,000_Aug 1 '20-'23
1 30.000-Aug 1 '24-'26
Highway & Bridge Bonds.
4s '15 --- $18,000--Nov 1 '19-'24
Land and Improvement Loan.
4s '13 July $3,000____July 1 1918
Water Bonds.
Is '14 J-J 310,000...July 1 '18-'19
• Highway Bonds.
4s '14 M-S $18 000-Sept 1 '18-'23
BOND. DEBT Jan 1918_
$99,000
flash in treasury
59,085
Assess. val., real estate.._ $8,504,667
Assess.' val., personal____ 2,455,483
Total valuation 11,17--11,000,150
Tax rate (per *1,000) 191'7- -418.00
Population in 1910.
10,068
INT. at Keene Nat. Bank.

KEENE UNION SCHOOL DIST.
School Bonds.
330'12 --- $100,000
1918-1927
6,000- _ - _Sept 1 1918
as 'la ___
6,500--_-Sept 1 1919
6,000----Sept 1 1920
School Note.
3hs'll A-0 $19,500--__Oct 1 1961
BOND.DEBT Mar 28'18-$118,500
Note dab,(additional)
19,500
Total val, of school property-306,000
School population 1916-17
2,045
-FRANKLrN.
LACONIA.
This city is in Merrimack County.
Laconia (city) is in Belknap Co.
Inc. as a town 1828; a city. 1895.
Inc. May 3 1893. Pop'n '10, 10,183.
Sch. Park & Heat Plant Bonds.
Sewer Notes (opt. after 5 years).
1927
334s'07 J-D $30,000
;20,000c. __July 1 1925
Memorial Hall, Refund.6c Sewer 3345
1 1928
330'08 A-0 $50,000_
Town of Laconia Sewer Bonds.
___ $35,000
Refunding Water -Bonds.
48
1917-1925
A-0 $80,000_ __ _Oct 1 1921
3345
Sewer and Funding Bor, .
GEN.BD.DT.Apr 1 '18_ _ $160,000 ts
A-0 $117,000c
-1924
27,000 BOND. DEBT Feb 15 '17 $152,000
Assessment debt (addl)_ _ _
Note debt, &c
68,750 Sewer notes
20,000
21,931 Floating debt
Ca.sh in treasury
84,312
Assessed val'n, real estate_4,248,265 Other liabilities
10,891
1,045,131 Total liabilities Feb 15 '17 267,204
Assessed val'n, personal
Tot. ass'd vat. 17 (act.) _5,293,396 Assets
24,485
Tax rate (per $1,000) 1917- --$18.00 Tax valuation 1916
9,092,986
Population in 1910
6.132 Total tax (per $1,000) 1916-415.00
INTEREST payable at First Naat First Nat. Bank, Boston.
INT.
Treasurer's
Bank,
Boston,
or
tional
office.
LITTLETON.
GORHAM.
This village is in Grafton County.
This town is in Coos County. Inc. BOND. DEBT Jan 31 18-$68,000
1836. Population 1910, 2,155
Floating debt
3.100
Municipal Building Bonds.
Sinking fund
32 090
$50,000
Assessed valuation _____ --2,325 659
Water--& Sewer Bonds (lax-free). Tax rate (per $1,000) 1916-__328.00
1925 Population in 1910
48 '05 J-J 360,0000
3,059
BOND.DEBT Jan 31 '18. $110,000
35,000
Sink. Ms.(bonds & cash)_
LITTLETON,
TOWN.
Assessment debt (add'1)__
11,588
This town is in Grafton County.
Floating debt
39,800
Assess. val. real
2,146,960 Incorporated in 1874.
Water and Light Bonds.
Assess. val. personal
1,619,730
J-D$200,000
1933
Total val 1917
3,766,690 334s
Tax rate (per 31,000) 1917._ _$16.50 330'07 J-D 560.000c. __June 1 1927
INT. at Harris, Forbes & Co., BOND. DEBT Jan 31 '18 $260,000
Notes outstanding
10,000
Inc.. Boston.
Total assets
113,493
Assess. val.'16 (abt act)--2,955,327
HAMPTON.
Tax rate (per 31,000) 1916.. _.$27.50
This town is in Rockingham Co.
BONDED DEBT
None Population in 1910
-4.069
Note debt Jan 30 1918_
$75,898
*INT. at Atlantic Nat. Bk.. Bost.
Assessed val. (act.)
_2,506,369
1918 (est.), 1,200 MANCHESTER.
Pop'n 1910, 1,215; 1918_This city is one of the county seats
HILLSBOROUGH COUNTY.
County seats, Manchester and of Hillsborough County. incorp.
Nashua. Bonds and notes bearing July 10 1846. Pop'n 1910, 70.063,
not more than 5% int. tax-exempt. 4s 17 --- 9200,000c -_-1918-1937
Macadamizing & Sewer Bonds.
Building Bonds.
J-J $85,000_ -July 1 '18-'34
48
June 339,000o_ __June 1 1921 4s '14
51,80
1 1923
July
Fire-Department Bonds.
38
334s'09 M-S 100.000e_ Sept 1 1924 334s'12 M-8j$70.000--8epS 1 '18-'31
1 10.000
BOND. DEBT Apr 1 '18- $190,803
Sept 1 1932
'17 J-D 10,000_Dec 1 '18-'22
Floating debt
215,000
18,000__Jan 1 '18-'21
Sink. fund & cash on hand 195,766 330'17




Incinerator Bonds.
45 '15 M-S J335,000c Mar 1 '19-'25
1100,000c ___1926-1935
Street & Sewer Bonds.
48 '13 A-0 $80,000 ___1918-1933
1919-1936
4s '16 F-A 90,000
improvement Bonds.
3340'10 A-0$100,000c_ __Apr 1 1930
834s
J-J 70.000
1919-1932
4s '17 -_- 200,000
($5,000 yearly on Aug. 1.)
Funding Bonds,
330'99 A-0;100,000c_ Apr 1 1919
Refunding Bonds.
334205 A-0 $50,000c_ __Apr 1 1925
4.8
A-0 100,000c_Apr 1 '27&'29
48 '11 J-J 30,000c _July 1 '18-'23
4s '17 ___ 30,000
($3,000 yearly on July 1.)
Hospital Bonds.
4s '15 J-D $60,000
1919-1930
School Bonds.
331011 J-J $55,000c_July 1 '18-'28
330'11 J-J
18.000c _ _1929-1931
4s '16 F-A 90,000
1919-1936
*Cemetery Bonds.
3 34s'10 A-0 $21,000c. __Oct 1 1930
4s '13 .__
6.700___ _Oct 1 1933
48 '13 July 12,000_ _July 1 '18-'23
Bs
July 30.000
1942
Refunding Water Bonds.
48 '13 M-N 380,000...Nov 1 '18-'21
4s '15 J-J 100,000
1922-1926
Bridge and Sewer Bonds.
4s '15 F-A $65,000
1918-1930
Bridge Bonds.
4s '13 J-J $80,000
1918-1933
Tax-Adjustment Bonds.
330'02 J-J $80,000e_ __July 1 1922
BOND. DEBT Apr 10 '17 $1.742,700
Tax uotes (additional)___
300,000
Sinking J General
293,336
fund iWater
18,242
Water debt (included) -200.000
Value city prop Jan 1 '16.. 9,385,704
Assess, val. real
64,213,561
Assess. val. personal
10,343,721
Other assessable property_ 3,695.163
Total val.'16 (abt. act.) _78,252.445
Tax rate (per ;1,000) 1916-315.60
* Not negotiable; in hands of City
Treasurer. The city guarantees the
perpetual care of lots in the cemeteries of the city to parties wh,pay
$100 and upward.
/NT.at Second Nat.Bank. Beaten

19

Assess. val. real estate
$814,035
Assessed val. personal
962,569
Total assess. val. 1915.. _ _._1,776,604
Tax rate (per $1,000) 1915
_$21.50
Population 1910
3,348
NEWPORT.
This town is In Sullivan County.
Incorp. in 1761. Pop. 1910, 3,765.
Fire Department Bonds.
___ $14.500
334s
Soldiers' Monument Bonds.
330
___ $5,000
Sewer Bonds (Opt. beg. July 1 '11)
35
J-J
$3.800c_ __July 1 1921
Refund Bds (Opt. beg. July 1'11)
38
J-J $68,000c
July 1 1921
Water Bonds (Opt.beg.Aug. 1 09)
3s
F-A 520,000c_ _-Aug 1 1921
Is
F-A 50,000c_ __Aug 1 1924
BOND. DEBT May 1 1918 $256,450
Floating debt (additional)_
5,349
Ass'd val'n '17 (90% act.)_3,546,587
Total tax (per $1,000) 1917-320.00
INTEREST at office of Town Treas.
NORTHUMBERLAND.
. A town in Coos County. Population 1910,2.184. Inc. Nov.16 1774.
School Bonds.
4s
F-A $34,000c_31,500 yearly
430
F-A 17,500c __1918-1928
BOND.DEBT Apr 1 1917- $52,000
Floating debt
17,000
Assessed val'n, real estate-. 858,670
Assessed val'n, personal_ _ _1,181,757
Total assessed val'n 1917_2,040,427
Tax rate (per $1.000) 1917.- _$18.30
PEMBROKE.
This town is in Merrimack County.
Incorporated 1759.
Water Bonds.
4s '14 F-A 817,500c _ _ _ Feb '24-'34
ls '15 F-A 10,000c _ _ _ Feb '24-'34
48 '14 F-A 100.000c_Feb 1 '24-'34
48 '15 F-A 60.000c_ Feb 1 '24-'34
BOND.DEBT May 1917. $187,500
Assessed valuation 1916---1,660,576
Tax rate (per $1.000) 1916____$15.00
Population in 1910
3.062
INT. at National State Capital
Bank. Concord.
PITTSFIELD.
This town is in Merrimack Co.
330'17 M-S $57,000-Mar 1919-37
BOND.DEBT Feb 1918--$60,000
Floating debt
5,875
ssess. valuation 1917_ _
Tax rate (per 31.000) 1917-.822.50
Population in 1910
2,222

MEREDITH VILLAGE FIRE DIS.
Meredith is in Belknap County.
Water Bonds 1893 (taxable).
4345
J-J $40.000c. __July '23-'26
BOND.DEBT May 16'17..340,000
Floating debt
1,000
Sinking funds
4,676 PLYMOUTH SCR. DIST.
Assess. val. '18 (full value) 705,938
This district (P. 0. Plymouth) is
Tax rate (per $1,000) 1917_$22.70 In Grafton County.
Population in 1917 (est.)
1.650 BOND.DEBT Feb 15 '18 $67,500
Floating debt
4.000
Assess. val.'Real estate_ __1,398,852
MILFORD.
1Total
1917_
This town is in Hillsborough Co.
1,802.240
Tax rate (per $1.000) 1917___$21.40
Inc. 1794. Bonds are tax-exempt.
Population in 1917
2,200
Water Bonds of '91 & '93.
45
J-J ;65.000c_ __July 1 1921
(Subject to call after July 1 1911.) PORTSMOUTH.
Is
J-J $10,000r_ __July 1 1923
This city, incorporated in 1849, Is
Schools and Funding.
of the county seats of RockingF-A $45.000c_ --Feb 1 1924 one
4s
ham County. The High-School
Sewer and Bridge Notes.
bonds
for $100.000 were authorized
334s
J-J $3,000c__Jan 1 '19-'20 by Chap.
202, Laws of 1903, and it
BOND.DEBT May
$120,000 was provided
that Sec. 9 of the "MuFloating debt- _ ________
1916-_
4,650 nicipal Bond Act
of 1895" should not
Sinking fund..
74,655 apply in their case.
Bonds marked
Assessed valuation 1915.....3.241.452 (*)
are not taxed in Portsmouth.
Tax rate (per $1,000) 1915_ _$17.20
Sewer Bonds.
Population in 1910_ ______ -.3,939 48 Refunding
'14 M-N$32,000c..May 1 '19-'34
INTEREST on first lean payable
Refunding Bonds.
at First Nat. Bank, Boston; on others 45 '04 A-0 $47,000o....Oct 1 1924
at Souhegan Nat. Bank, Milford.
334 &43.09J-J'50,000o __Jan 1 '19-'28
48 '14 M-N 51.000
1918-1934
Paving Bonds.
NASHUA.
This city is in Hillsborough Co. 4. '11 F-A $42.000c_ Aug 1 '18-'31
4s '14 M-S i10.000__-_Sept 1 1918
Incorporated June 28 1853.
15,000.. _Sept 1 '19-'21
4s '15 J-D $76.000c_
1935
4s '17 M-N 60,000_ May 1 '22-'31
School-Building.
5,000_ - __May 1 1932
3s '03 A-0 $60,000c-Oct 1 1923
Notes.
10.000c_ __July 1 1925
334g'05 J-J
48 '15 --- 60,000c.. Sept 1 1935 4s '16 J-J *$20.000_July 28 '18-'21
Debt Funding Bonds.
4s '16 -__ 18,000c-__Aug 1 1936
4,500c.. Jan 1 1937 48 '04 M-S3160.000c_ _ _Sept 1 1924
4s '17 J-J
High-School
Bds.-See note above.
430 g'18J-J 300,000-Jan '10-'38
Is g '03 J-D $100.000c-Dec 1 1923
City Bonds.
Water Bonds.
4811-13J-Df$120,000cJune 1 '31-'33
I 10.000c._June 1 1933 3 34g'02 J-J 150,000c_ _July 1 1922
430'18 A-0 35,000 __Apr 1 '20-'26
Bridge Bonds.
Refunding Water Bonds.
46 g '14 J-D $15.500c_ __June 1 1934
48 '15 --- 15,000c___Nov 1 1935 45 g '07 J-J $160.000c_ __Jan 1 1927
48 '17 A-0
2,500c___Apr 2 1918 Is '12 J-J •156.000c_ -..Jan 1 1932
24,000c_Apr 2 '19-'30 4s '17 J-J 4 9225,000
TOT. BD. DT.Jan 1 '18.. $965,000
Motor Fire Apparatus.
318,265
4s g '14 J-D $10,000c_ _ _June 1 1934 Sinking fund
Water debt (included)
371,000
Funding Floating Debt.
100,000
48 '04 J-J
$20,0000__Jan 1 1924 High school bonds
4s g '07 J-J
60,000o July 1 1927 Assess. val.'17 (abt.act.).11,083,824
4.;'09 M-S 46,000c.._Sept 1929 Tax rate (per $1,000) 1917_ -$22.80
Population
in
1910
_
11,269
4s 16 J-D 145,000c_ _Dec 1 1935
INT. payable at City Treas. or
Refunding Bonds.
38 g '01 J-J $75,000c..--July 1 1921 State Nat. Bk. or First Nat. Bank
or
Old
Colony
Trust Co., Boston.
48 05 J-J 20,000c..--July 1 1925
WATER WORKS.-For the year
Is '06 J-J 20,0000.--July 1 1926
48 '14 J-J 40,000c- __June 1 1934 ending Jan. 1 1918 income from wa48 '15 J-D 40.000c_ __June 1 1935 ter rates was $65.923.89 cost of manBOND.DEBT May 21 '18$1,130,500 agement. 838,877.61 int.. $14.590;
Serial notes (additional)__
15,000 improvements, $4,116.60; payment
General sinking fund__
192,753 to sinking fund. $15,000; surplus.
Total val. '17 (actual)_26.241,088 $4,116.60.,
Tax rate (per ;1,000) 1917-.320.00
Est. value city property .... _3798,740 RAYMOND.
This town is in Rockingham Co.
Pop'n 1910, 26,009; 1916 (est.) 30,000
1764.
INT. on 4s of '93 at City Treas- Incorporated
Water Bonds (Tax-exempt).
urer's office or Nat. Bk. of the ComJan $23,300c
1933
monwealth, Boston; 3s of '03 and 4s 48
of '04 at City Treasurer's office or 4.Bridge Bonds.
$5,100c
1935
Shawmut Nat. Bank, Boston; on all BOND.July
DEBT
Feb 15 '17__$28.400
others at City Treasurer's office.
Floating debt
12.500
Sinking fund
2,500 •
NEWMARKET.
Assessed val., real estate
626,621
A town in Rockingham County.
Assessed valuation,personal _111.773
BOND.DEBT Feb 15'16-$37,000 Total valuation (actual)
738.394
Floating debt
10,700 Tax rate (per $1,000)
$20.00
Sinking fund
37.000 Pop'n 1910. 1,203; 1917 (est.),.1,300

C)0

VERMONT-DEBT OF STATE.

[VoL. 106.

($10 per $1,000 of assessed value), one-half payable Nov. 10 1913, and
Water-Works Bonds
A-0 $47,000c_ _ _ _Oct 11918 one-half June 10 1914. The 1915 Legislature levided a direct tax of 5 cents
4s
BOND.DEBT Apr 8 1916_ $213,000 on the dollar of the grand list for the year 1916. The 1917 Legislature
57,850 provided for the levying of a tax of 20 cents on the dollar of the grand list
Floating debt _ _________
Sinking fund
21,118 for the years 1917 and 1918.
Value of city property.... _ 480,055
GRAND LIST.-How Constituted.-Seetion 560 of the Public Statutes
Assess. val. '15 (act. val.)_4,986,941 of Vermont 1906 reads: "One per cent of the appraised value of real estate
Tax rate (per $1,000) 1915- --$17.20 taxable to a person shall be added to the list of his personal estate: and the
INT. at Old Colony Tr. Co., Bost sum so obtained, with the amount of his ,taxable poll, if any, shall constitute his grand list."
WALPOLE.
POPULATION OF STATE.-United States Census:
This town is in Cheshire County
330.55111810
355,956 1370
231,9 ti1181.0._-_-217.395'
Inc. 1892. Population 1910. 2.668. 1910
315,098 1830
280,652 1300
343,641 1860
151.465
Bridge Bds.(Int.at Keene Nat.Bk.) 1900
235,981 1790--.- 85,425
332,422
314.120
1820
1890
1850
yearly
$25,000c-$2,000
A-0
5s
332,286
316s'10 J-J
16.000c..$2.000 yearly 1880
8,849
NET DEBT Aug 1915-_DEBT LIMITATIONS.-There appears to be nothing in the constitution
Assessed valuation 1915-.2, 43,753 providing for a general limit to the debt-making power of municipalities.
Tax rate (per $1.000) 1915-$21.60 Whatever in each case the Legislature authorizes, the city, town, county
or other civil division can issue.
WHITEFIELD.
In 1917 the Legislature enacted a law, which was approved on April 12
A town in Coos Co. Incor. 1804.
1917 repealing Chapter 157 of the Public Statutes, No. 84 of the Acts of
1908 and No. 126 of the Acts of 1912,in relation to the issuance of municipal
Funding Bonds.
bonds, and providing generally for the issuance of such bonds for any pur4s '17 J-J $50,000
pose if the proper formalities are complied with. We publish in part the
(Due $1,000 yearly for 5 years
text of the new law herewith; the full text will be found in V. 104, p. 2365
and $1,500 yly. thereafter.)
BOND. DEBT May 15'17 $50,000 and 2366.
MUNICIPAL BONDS.
Floating debt
2,000
Section 1. The term "municipal corporation" as used in this Act shall
Assessed valu-iReal estate_ 988,880
ation 1917 Total(act.).1,226,279 include a city, town, village, town school district, graded school district
Population in 910
1.635 or other school district and a fire district and a lighting district organized
under the laws of the State.
2. The term "legislative branch" of a municipal corporation as used
WHITEFIELD FIRE PRECINCT. In Sec.
this Act shall mean the mayor and board of aldermen of a city, the board
3145
__ $54,500
selectmen of a town, the trustees of a village, the board of school directors
May 9 1917_$54,500 of
BOND. DEBT
of a town school district, the trustees or prudential committee of a fire
district.
WILTON.
Sec. 3. When the legislative branch of any municipal corporation at any
This town is in Hillsboro County. regular meeting or at a special meeting called for that purpose shall by
Incor. 1762.
resolution passed by a vote of two-thirds of all its members determine that
TOTAL DEBT Nov 18 '16 $64,574 the public interest or necessity demands improvements, the cost of which
Water debt (incl.)
35,000 will be too great to be paid out of the ordinary annual income and revenue,
Floating debt May 1916
40,574 it may at any subsequent regular meeting of such legislative branch or at a
Available assets May 1916.. 10,826 special meeting called for that purpose, by a vote of two-thirds of all its
SALEM.
This town is in Rockingham Co. Assess. val. real estate_ _ _ _1,038,045 members, order the submission of the proposition of snaking such public
Assess. val. personal
332,477 improvements, and of incurring a bonded debt to pay for the same, to the
Incorporated in 1750.
Total assess. valuation.. _ _ _1,370,522 qualified voters of such municipal corporation at an election to be held for
Water Bonds (Tax-exempt).
'22-'27 Tax rate (per $1,000)
$20.00 that purpose. The ordinance or warning calling such election shall state
4s '07 J-D $37,000c
2,224 the object and purpose for which the indebtedness is proposed to be incurred,
Population in 1910
(Part payable every 5 years.)
estimated cost of the improvements, amount of bonds proposed to be issued
BOND. DEBT May 4 '18._ $37,000
25,000 WOLFEBORO.
therefor and the maximum rate of interest to be paid, and shall fix the
Floating debt
5,000
Sinking fund (water)
A town in Carroll County. Incor. place where and the date on which such election shall be held, the hours of
1,845,914 1770.
opening and closing the polls, the manner of holding said election, the
Assessed val., real
Assessed val., personal_ _ 331,750 GEN.BD.DT.Jan 31 '18- $17,500 questions to be submitted, and the form of ballot to be used. * * *
Sec. 4. The clerk of the municipal corporation shall cause notice of such.
Total value 1918 (actual)_ _2,177,664 Assessment bonds (add'i)__
3.750
Total tax rate (per $1,000)'18 $19.00 Floating debt(addl)
5,863 election to be published in a newspaper published in said municipal corporaPop'n 1910, 2,117; 1918 (est.), 2,300 Water debt
83,175 tion once a week for three consecutive weeks on the same day of the week,
the last publication to be not less than five days nor more than ten days
INTEREST is payable in Salem. Assess. val., real estate_ _ _ _1,944,748 before
said election. If no newspaper is published in said municipal corAssess. val., personal
358,494
Other assessable property
12,800 poration, then publication shall be made in some newspaper published in
SOMERSWORTH.
State
that has general circulation in said municipal corporations.
this
assess.
Total
val.
_2,316,042
1918_
_
County.
Strafford
is
in
This city
$20.20 Notice of said election shall also be posted in five public places within said
Inc. 1893. Population 1910, 6.704. Tax rate (per M.)fInside
tOutside _ _ _ 18.30 municipal corporation for the two weeks immediately preceding said elec1918
General Indebtedness Bonds.
tion. If two-thirds of all the voters voting at said election shall vote to
A-0 $24,000c---Oct J 1918 Pop'n 1910, 2,224; 1918 (est.) 2,300 authorize
40
said public improvements and the issuance of bonds to pay for the
•
same, the legislative branch shall be authorize to make said public improvements and to issue bonds as hereinafter provided.
Sec. 5. Elections in municipal corporations under this Act shall be conducted in the same manner as the annual city and town meetings are conducted, and the qualifications of voters at such elections shall be the same
ITS
as the qualifications of voters at annual city and town meetings.
Sec. 6. All bonds issued under this Act shall be of a denomination not
DEBT, RESOURCES, &c.
less than $100 nor more than $1,000, and shall draw interest at a rate not
said bonds shall be payMarch 4 1791 to exceed 4% per annum, payable semi-annually;
Admitted as a State (Act Feb. 18 1791)
able serially, the first payment to be deferred not later than from 1 to 5
9,565 years after the issuance of the bonds and subsequent payments to be conTotal area of State (square miles)
tinued annually in substantially equal amounts so that the entire debt will
Montpelier be paid in not more than 20 years from the date of issue.
State Capital
Sec. 7. No municipal corporation shall incur an indebtedness for public
Howe F. Graham improvements
Governor (term expires Jan. 1919)
which with the previously contracted indebtedness, shall
in
the aggregate exceed ten times the amount of the last grand list of such
Secretary of State (term expires Jan.'19)__F. G. Fleetwood municipal
corporation.
Sec. 8. The legislative branch of any municipal corporation at any
Walter F. Scott regular
Treasurer (term expires Jan. 1919)
meeting, or at a special meeting called for that purpose, shall by
LEGISLATURE had been meeting biennially since 1870 in even years
ordinance or resolution determine the rate of interest' for said bonds, the
the first Wednesday in October. On March 4 1913 an amendment was denomination of said bonds, the time and place of payment, the form of
adopted providing for the convening of the Legislature in odd years on the bond to be used, which shall be substantially as hereinafter 'provided, and
said bonds shall be registered or have coupons attach.ed. If bonds
first Wednesday after the first Monday in January. V.96. p.810. Length whether
are to be registered, they shall be registered as provided by this Act.
of session is not limited.
Sec. 9. The legislative branch of said municipal corporation shall
HISTORY OF DEBT.-For a brief outline of the early.history of the annually at the time of assessing the general tax levy, in addition to all
Vermont State debt see "State and City Supplement" of April 1895. pages other taxes, provide for the collection each year until such bonds are paid
of a tax sufficient to pay the interest on such bonds and such part of the
15 and 16.
principal as shall become due prior to the time the taxes are duo in the
The liabilities of the State on April 1 1918 were as follows:
next following year.
$135,500
Agricultural College fund bonds, due 1932
Sec. 10. The bonds issued under this Act shall be sold to the highest
234,900 bidder after being advertised once a week for three consecutive weeks on
School fund bonds, due 1925
, 211,131 the same day of the week in a newspaper published in said municipal
Huntington fund bonds, due 1925
May
1
1918-1935_
___
(M.
&
N.)
4s
180,000
Public building bonds 1917
corporation, or if no newspaper is published in said municipal corporation,
741,000 then publication shall be made in some newspaper having general circulaMilitary loan 1917, due 1919
tion in said municipal corporation; one publication of said notice shall also
$1,502,531 be made in some newspaper published in this State having general circulaTotal debt
$766,400 tion in the State and in some financial paper published in Boston, MassaCash on hand and in banks April 1 1918
chusetts, or New York, New York. The advertisement shall state the
Excess of liabilities over assets April 1 1918, as shown by
amount and denomination of the bonds, date of maturity, rate of interest,
$736,131 and the time and place where the bonds are to be sold
State Treasurer's books
The legislative
INTEREST on public building bonds is payable at State Treasurer's branch of any municipal corporation may reject any arid all bids and in
office or Sherman National Bank, New York; on others at the State Treas- case all bids are so rejected they may advertise and call for new bids in
the manner hereinbefore provided.
ury.
Sec. 11. Said bonds shall be signed by the mayor and treasurer of an
At the 1915 session of the Legislature the State Treasurer was authorized incorporated
city, by the selectmen or trustees, as the case may
of a
to issue on July 1 1915. to the Trustees of the Permanent School Fund,cer- town or village, by the trustees or prudential committee as the case be,
may be,
tificates of registered loans of this State to the amount of $234,900.34 re- of an incorporated
of
a
fire
or
district
district,
and
by
school
the
board
of
deemable in 1925 on which the interest must be 4% annually on July 1 to school directors of a town school district, and the coupons to said bonds shall
the Trustees of the Permanent School Fund.
be signed by the treasurer or by his lithographic signature. If such municiASSESSED VALUATION AND TAX RATE.-In addition to the valua- pal corporation has a corporate seal, such seal shall be affixed to said bonds,
tions below, the State received (1917) $732,457 81 as taxes on deposits in otherwise said bonds need not be sealed.
Soc. 12. In determining the amount of municipal indebtedness permitted
savings banks, national banks and trust companies which are taxed at the
the preceding sections, obligations created for current expenses, for a.
rate of 7-10 of 1%; also the State received $545.078 90 as taxes on the by
water supply, or for electric lights, and temporary loans created in anticipaappraised value of railroad property, such property paying a tax of 15(% tion of the collection of taxes and necessary for meeting current expenses
on valuation.
shall not be taken into account; provided that no such temporary loan shall
Assessed Valuation
State tax be extended beyond the fiscal year for which it is made and shall not exceed
Personal.
Total.
Real.
per $1,000 in amount 90% of the amount of taxes levied for such year; and provided
Years$172,324,762 $61,154,885 $233,479,647 320.00
1917
further that sinking funds and other moneys sot aside for the sole purpose
58,951,971
229.518,465
170,566,954
5.00
1916
of paying outstanding bonds or other evidences of indebtedness permitted
62,653,740
• 168,918,137
231.571.877 None.
1915
under the provisions of the preceding sections; nor shall the provisions of
64,663,155
159.873,518
224,541.672 None.
1914
this and the preceding sections apply when the charter of a municipal
64,312.810
158.676.533
222.939,343
None.
1913
corporation limits its indebtedness.
157,227.015 32,994,415 . 190.221,430 310.00
1912
Sec. 13. [This section simply describes the form of bond to be issued
45,106,982
143,386,564
183,493,546
None.
1910
under the Act.]
127,993,677
59,838,143
187,831,820
None.
1905
REFUNDING BONDS.
58,293,598
118,950,024
177,243,622 310.00
1900
Sec. 14. A municipal corporation that has outstanding and unpaid
116,141,979
58,621,654
174.763,633
5.00
1898
coupons, lawfully issued, may issue other negonotes,
bonds,
or
orders,
61,700,471
112,099,284
173,799,755 12.00
1895
Maple notes or bonds to pay or retire the same.
65.157.348
178 052,513
112.895.125
____
1890
Sec. 15. Such municipal corporation by its legislative branch, by resoluThere was no direct tax for State purposes levied in any of the years tion or ordinance, shall determine the necessity for issuing refunding bonds,
from 1903 to 1911, both inclusive. A tax of $13 per $1,000, however, the amount of legal outstanding; indebtedness to be refunded, what amount
consisting of a State shool tax of $8 and a State highway tax of $5, was of new notes or bonds shall be issued, at what time and place they shall be
collected and re-distributed to towns on a basis of the number of schools payable, the rate of interest thereon and when payable, tho form of bond,
and road mileage, the State, for the sake of equalizing its distribution, which shall be substannally in the form provided in this Act, and whether
acting as agent in the matter. Prior to 1902 this tax was $10 per $1,000. the bonds shall be registered or have interest coupons attached. Such
The Legislature of 1915 increased the State school tax from $8. to $10, but new notes or bonds shall not exceed in amount such outstanding obligations,
this change did not take effect until the assessment of 1916. In 1912 the nor shall they be used or sold except to provide means for paying or retiring
Legislature levied a direct tax of 10 cents on the dollar of the grand list said outstanding indebtedness.
ROCHESTER.
This city is in Strafford County
Incorp. 1891. Pop'n '10, 8,868.
City-Hall Bonds (Tax free).
4sg '08 J-J $44.000 _Jan 1 '19-'27
Municipal Bonds.
J-J $127,900c-June 1 1932
Water Bonds (Tax free).
4s '92 J-D $160,0000-Dec.1 1922
GEN.BD.DT. Jan 1 1918 $171,900
74,683
Floating debt (notes)____
Water bonds (add'1).___.. 160,000
84,000
Water sinking fund
4,633,511
Assess. val., real estate
2,138,529
Assess. val., personal_ _
Tot. assess. val. '17 (act.) 6,772,040
Total tax (per $1,000) 1917-$19.20
Pop'n, 1910,8,868; 1917 (est.) 10,000
INT. on 4s of 1892 at Nat. Shawmut Bank, Boston; on 45 '08 at Harris, Forbes & Co., Inc., Boston.
--ROCKINGHAM COUNTY.
County seat is Exeter.
Funding Bonds.
3s '01 Oct 334.000c...._Oct 1 1921
3%8'11 J-D $15.000c_June 1 '19-'21
Court-House Bonds.
4s '93 J-J $31.000c_ _July 1 1918
Jail Bonds.
4s '11 J-D $20,0000_Deo 1 '22-'25
Alms-House Bonds.
43is'17 J-D $65,000c_Dec 1 '18-'30
BOND. DEBT June 1 '18__$165,000
68,237
Cash balance Jan. 1 '18_
42,864,937
Assess. val. 1916
Population in 1910 _____ _ -52.188
INT. on jail bonds at New Hampshire Nat. Bank of Portsmouth or
First Nat. Bank, Boston; on courthouse and bldg. bonds at First Nat.
Bank, Boston; others Portsmouth.

State of Vermont




JUNE, 1918.]

VERMONT-DEBT OF STATE

21

MUNICIPAL BONDS.
sold, made payable, and mature in
Sec. 16. Such bonds shall be signed,of
States or
bonds of a municipal corporation
II. (a) In the public funds of the United States or any or the
issue
the same manner as an originaland
or in public funds for the payment of principal
Act.
this
of
in
Columbia,
as
provided
District
the
mature,
payable,
are signed, sold, made
is
pledged.
States
United
the
record
of
faith
a
the
keep
of
which
corporation shall
and interest
Sec. 17. The treasurer of the municipal
(b) In the legally authorized bonds or notes of counties, cities, towns, vilAct, stating therein the number and
of every note or bond issued under this
the rate of interest lages, school districts and water districts of the New England States and of
denomination of each note or bond, when issued, and
of interest or principal, any municipal corporation in Vermont having the right to levy and collect
hereon, and shall also keep a record of payments
the fact and deface the same.
taxes in payment of its indebtedness.
and, if coupons are taken up, shall record
as provided in this Act,
taken
up,
(c) In the legally authorized bonds or notes of towns, cities and school
Sec. 18. When old notes or bonds are shall keep
a record of the same, districts, having a population according to the last preceding United States
corporation
municipal
the
of
treasurer
the
State census of at least one thousand in towns and cities, and five huncanceled.
or
be
shall
bonds
and such old notes and
by this Act to be enacted dred in school districts, and an indebtedness not exceeding five per cent
Sec. 19. All ordinances or resolutions required
recorded of the last preceding valuation for the assessment of taxes, at the time of
duly
be
shall
corporation
municipal
a
of
branch
legislative
by the
corporation.
the investment in New York, Pennsylvania, Ohio, Michigan, Illinois, Inin the office of the clerk of said municipal
diana, Iowa, Wisconsin and Minnesota.
REGISTERED OBLIGATIONS.
registered
issue
may
defined,
,
herein
as
(d) In the legally authorized bonds or notes of towns, cities, and school
corporation
municipal
A
Sec. 20.
States
is
corporation
such
municipal
by
bonds
districts having a population according to the last preceding sUnited
bonds, and if an original issue of
least four thousand and an indebtednes not exceedregistered, they shall be registered as hereinafter provided. request, duly or State census of atthe
for the assessment of taxes
valuation
preceding
last
of
written
the
cent
at
may,
per
five
ing
corporation
municipal
Sec. 21. A
or more bonds, promissory at the time of the investment in New Jersey, Kansas, Nebraska. North
acknowledged, of the owner or holder of one
it and payable to bearer or Dakota, South Dakota, Missouri, Oregon, Washington, California, Delanotes or certificates of indebtedness issued bychange
such bonds, notes or ware, Montana, Wyoming, Idaho, Maryland and Utah;
bearer,
or
named,
to a person or corporation
only to the person or
(e) In the legally authorized bonds of counties in any of the above mencertificates into registered obligations, payable thereon,
as hereinafter tioned States having a population according to the last preceding United
endorsed
properly
is
name
whose
corporation
s
States or State census of at least twenty thousand and an indebtednes
provided.
corporation to issue not exceeding five per cent of the last preceding valuation for the assessSec. 22. If it shall be determined by a municipal branch
municithe
of
the
investment.
of
time
at
the
legislative
the
of
event
taxes,
ment
that
in
and
then
registered bonds,
corporation,
Bonds issued under this subdivision for building or improving roads.
pal corporation shall direct the treasurer of such municipal
of such bonds over his shall not be legal unless they are payable serially; the entire issue payable
as the case may be, to endorse upon the back of each
from a
form
y
the
substantiall
in
registration
of
in not to exceed twenty years; the principal and interest payable
official signature a certificate
the date of such direct tax divided upon all of the taxable property within the county, and
hereinafter provided, inserting in the appropriate places
his own only such portion of such bond issue shall be legal as will be due and payand
holder,
of
registered
the
address
and
name
the
,
registration
be transferable able in not less than fifteen years from date of issue.
signature as transfer agent, and thereafter such bond shall to
States
the treasurer
(f) In the legally authorized bonds or notes of a city in any of theUnited
only upon the books of such municipality upon presentation
proved.
or
ed
acknowledg
duly
above named having a population according to the last preceding
assignment
written
a
with
thereof
s
indebtednes
an
and
bonds
coupon
thousand
twenty-five
last
issued
at
of
have
shall
census
States or State
Sec. 23. In case a municipal corporation
inthat said bonds be changed not exceeding five per cent, or a population of fifty thousand and an for
and the owner or holder thereof has requested
such debtedness not exceeding seven per cent of the last preceding valuation
for
request
written
upon
then
provided,
herein
as
bonds,
to registered
corporation
time of the investment.
change, duly acknowledged, the treasurer of such a municipalof the town, the assessment of taxes, at thebonds
or notes of a city in any of the States
(g) In the legally authorized
shall, if directed by the city council of the city, selectmen
ng
officers
according to the last preceding United
correspondi
a
population
other
or
having
district,
named
above
school
of
the
town
school directors
may
case
the
hundred thousand;
as
one
least
of the municipal corporation of which he is such treasurer, for registration States or State census of atUnited
Kingdom of Great Britain and Ireland,
(h) In the bonds of the
be, cut off and destroy the coupons on the bonds presented
provided they are secured by
signature
official
France,
of
his
over
Republic
the
of
bonds
the
and
sucn
bonds
of
and endorse upon the back of each
form, inserting collateral deposited in this country and approved by the bank commisa certificate of registration In su6stantially the following
address sioner.
and
name
the
,
registration
such
of
date
the
places
appropriate
lathe
of
and there(I) In the bonds of the Dominion of Canada and the various Provinces
of the registered holder, and his own signature as transfer agent,
of such munici- Canada.
after such bond shall be transferable only upon the books
shall mean the gross
ess"
assignment
"indebtedn
written
word
the
a
(d)
and
with
(c)
s
In
thereof
subdivision
treasurer
the
to
pality upon presentation
year
debt less debts created in anticipation of taxes to be paid within one
duly acknowledged or proved.
to be used and the amount of any sinking funds available for the payment of such
Sec. 24. (This section shows the certificate of registration
"indebtedness"
word
the
(f)
and
(e)
s
subdivision
in
and
s;
indebtednes
where bonds are registered.]
to be
upon any shall
mean the gross debt less debts created in anticipation of taxes
Sec. 25. The indorsement of such certificate of registration
evidence that paid within one year, the amount of any sinking funds available for the
bond, note or certificate by such treasurer shall be conclusive
inhabithe
supplying
corporafor
municipal
created
debts
the
and
s
of
such treasurer was directed by the proper officers bond into a registered payment of such indebtednes water.
tants of the municipality with
tion of which he was treasurer to convert such
(1) not to
Banks may invest in bonds described in subdivisions (h) and
obligation.
municipal corporation exceed thirty thousand dollars by any one bank, and in addition thereto
Sec. 26. The treasurer of every such county or
of interest, one per cent of the deposits of such bank in excess of one million dollars:NI
rate
amount,
date,
number,
the
showing
register
a
keep
shall
bonds
of the bonds,
The foregoing does not authorize investments in railroad aid
time when payable, and the name of the registered holder
obli- (except such as are issued by municipalities in the State of Vermont) or in
notes, and certificates originally registered or changed to registered
y or in bonds of
municipalit
a
of
obligations
direct
not
are
which
bonds
gations.
or impair
twenty years repudiated or comproSec. 27. Such conversion shall in no respect or degree weaken note or municipalities which have within defaulted
for more than ninety days in
mised the payment of any debt or
the obligation of such municipal corporation to pay such bond,
the purchase of such securities is
and
s,
any
of
indebtednes
the payment
certificate so converted.
for
of
obligations
hereby prohibited.
Sec. 28. Notes, bonds or orders issued as evidences
village or incorporated
money loaned to a county,town,town school district,
PUBLIC SERVICE COMPANY BONDS.
in determining the
school or fire district of this State shall be deducted
of
the
under
provisions
II. (1) For the purposes of this subdivision: or voluntary association
average amount of deposits and accumulations or obligations given or
"Company" shall be construed as a corporation
Section 1, of No. 35 of the Acts of 1910. Bonds
the laws of the United States, or any State thereof, located
created in excess of the limit authorized by this Act and contrary to its organized under
in and doing business principally within the United States;
provisions shall be void.
princompany"shall be construed as a company doing
any
allowed
municipal
now
service
rights
"A
public
affect
not
shall
Act
This
Sec. 29.
light, electric power or electric railway business
corporation by its charter provisions, nor any rights now or hereafter cipally a gas, electric,
serving the public generally;
granted by special Act of the legislature.
primarily by
"Mortgaged bonds" shall be construed as bonds secured
EXEMPTION FROM TAXATION.—Subdivision XII. of Section 496 of direct and foreclosurable lien upon physical property owned by the obliof
Laws
the
of
23
Act
1908,
by
amended
as
the Public Statutes of 1906,
gator in fee;
nearer periods
"Years"shall be construed as calendar years;fiscal years or
provides that the following municipal securities shall be tax-exempt:
investment;
evidences of of twelve months next preceding such
operating
deducting
after
X/I. Notes, bonds or orders issued after Feb. 1 1907 as
income
"Net income" shall be construed as
incorporated school or fire
obligations for money loaned to a town, village,per
guaranteed interest and guaranteed
annum, for the purpose expenses, taxes, insurance, rentals,
4%
and
e;
district, at a rate of interest not exceedingwater,
maintenanc
for
s
sewer.or lighting systems, dividends, and expenditure
paid in each
of constructing, purchasing, or repairing
"Annual Interest" shall be construed as interest actually
permanent highways, bridges, walks or public buildings, or for the purpose year, except that for the latest year, which shall be construed as one year's
investment.
the
of
time
the
at
of refunding a debt contracted for any of the foregoing purposes. '
outstanding
Interest on the total amount
a bank shall be
ILEGES AND RESTRICNot exceeding twenty-five per cent of the deposits of
SAVINGS BANK INVESTMENTS—PRIV
not exceeding
1917 passed an Act, approved April 12, invested in securities authorized under this subdivision and
T1ONS.—The General Assembly in Section
in the securities
invested
be
shall
8 of No. 158 of the Acts of 1910 two and one-half per cent of such deposits
in amendment of and in addition to
of five thousand dollars.
excess
in
be
percentage
of
by
the
powers
such
extending
Vermont,
if
company,
in
one
banks
any
of
relating to investments of
under this
now law not only provides
No investment shall be made in the securities authorized
such banks to invest in certain securities.theThe
classes of securities named in subdivision of a company or a public service company which is in default
in
a much broader field for investment adding
receiver.
a
of
service
foreign
bonds,
public
hands
the
in
or
debt,
by
its
of
on any
the old Act but enlarges the list
under this subcompanies. See V. 104, p. 2031
No investment shall be made in the securities authorized
company bonds and bonds of telephone which
deals with investments, is division unless the net income of the company or public service company in
and 2032. Section 8 of the new law,
shall
investment
such
preceding
next
years
three
the
of
question in each
given in full below.
annual interest on
have been not less than one and one-quarter times the
INVESTMENTS.
rentals, guaranteed interest, guaranteed dividends
debt,
funded
entire
the
"net income"
SECTION 8. The assets of banks shall be invested as follows:
and all fixed charges, and for the purpose of this paragraph
expenses, taxes.
shall be construed as income after deducting operating
FIRST MORTGAGES ON REAL ESTATE.
e.
maintenanc
for
s
expenditure
and
as follows:
I. (a) In first mortgages of unincumbered real estate, not to exceed in Insurance
Subject to the foregoing, investments may be made
if located in Vereach case sixty per cent of the value of such real estate,
mortgage bonds issued
In first mortgage bonds and first and refundingmortgage
real estate if
bonds of the
mont, and not to exceed fifty per cent of the value of such
in
and
companies
service
by public
located elsewhere. Not lass than a sixth of the amount of such mortgages or assumed controlled by such public service companies; for the
shall be upon real estate in this State, treating mortgages made on lands in companies
companies are specifsuch
of
bonds
which
mortgage
of
refunding
making such loan as
an adjoining State within twenty miles of tho bankper
of the three years next precent of the amount ically reserved provided that in each
been either
Vermont mortgage loans, and not more than eighty
such investment the net income shall have
of the assets shall be invested in mortgages of real estate; provided that not ceding
and not less than one and
dollars
thousand
hundred
five
than
less
not
and all
question
exceeding sixty per cent of the amount of such assets may be invested in (I)
in
bonds
the
on
interest
shall not be three-quarters times the annual
mortgages of real estate outside this State. An investment
or (2) not less than one
obligations of corresponding or prior liens,twice
annual interest
made on mortgages of real estate outside of Vermont which is unimproved other
the
than
less
not
and
dollars
thousand
fifty
hundred
and unproductive and the amount of such investments on mortgages in on
of corresponding or prior
the bonds in question and all other obligations either
Vermont shall not be more than forty per cent of the value thereof. A
by first lien on the
provided that such bonds are in fact secured first and
refunding mortbank shall not loan to any person, partnership, association or corporation lien;
a
by
or
premises,
mortgaged
of
the
major portion
are legal are
which
upon real estate mortgage (treating loans to the individual members of a gage,
bonds
or by a lien for the refunding of which
partnership as loans to the partnership) more than thirty thousand dollars, specifically
franchise or franprincipal
the
that
provided
and
reserved;
of
such bank in excess
in quesbonds
and in addition thereto one per cent of the deposits
the
of
maturity
the
beyond
such companies extend
or
of one million dollars. Provided,however,that upon the approval in writing chisesorofthat
such companies operated under indeterminate franchises
of all the trustees of the bank who are physically able to act, a bank may tion,
commission of comState
a
of
supervision
regulatory
the
to
subject
permits
than
less
increase a loan of thirty thousand dollars on Vermont real estate, a.9 stated
not
railways
electric
of
the
case
, or that in
of
in this section. to one and one-half per cent of the deposits in excess of one petent jurisdiction
per cent of the mileage owned is located on private right
million dollars. A mortgage investment shall not be made except upon the seventy-fivein
fee.
written approval of at least three trustees of the board of investment, who way owned
TELEPHONE COMPANIES BONDS.
shall certify in writing, according to their best judgment, the value of the
premises mortgaged or to bo mortgaged. At the expiration of every
II. (2) (a) In the bonds of telephone companies located in the United
mortgage loan made for a period of five years or moro, such loan shall not States, when such bonds are in fact secured by a first mortgage or a first
be extended or renewed unless three members of the board of investment and refunding mortgage, whether or not the bonds are so designated in
certify in writing the value, in their best Judgment, of the mortgaged their title;
premises and unless such value meets tho requirements above prescribed.
(b) Provided: That gross earnings of any such company shall have been
pre(b) When tuildings are included in the valuation of real estate upon which at least one million dollars for each of the last three fiscal years next
the
the
in
such
by
insured
mortgagor
ceding such investment, and provided further that gross earnings forforty
an investment is made, they shall be
been at least
company as the trustees or board of investment direct, and the policies of fiscal year next preceding such investment shall have
insurance shall be duly assigned or the loss made payable to such bank. per cent of the total mortgage debt outstanding at the end of such fiscal
and such bank may renew such policies in the same or another company year; and
(c) Provided: That net earnings for each of the said last three fiscal
as said trustees or board of investment elect, from year to year, or for a
longer or shorter period, if the mortgagor neglects so to do; and, when neces- years, after deducting all operating expenses, maintenance and depreciasary, the treasurer may sign premium notes, and may charge the amount tion charges, rentals and taxes, shall have been at least two and one-half
times the annual interest charge on the entire mortgage debt outstanding
paid for such insurance to the mortgagor.
each of the said last three fiscal years next preceding such
(c) When a bank takes an accruing mortgage, the only debt which shall at the end of
are issued
investment; and provided further that in case additional bondsfiscal
therein
property
the
described
or
upon
thereby
a
become lien
be secured
year,
mentioned mortgages during an incompleted
above
the
shall be the debt described in the mortgage and existing at the time of its under
months
next
twelve
available
last
provided above, for the
execution, and any subsequent direct indebtedness of the mortgagor to not earnings, asinvestment
and one-half times
two
least
at
been
shall
have
such
preceding
the
a
includes
homestead,
such bank; provided, that when the mortgage
such
additional
,
including
outstanding
debt
mortgage
all
on
written consent of the wife of the mortgagor to the creation of suchssub- the interest
bonds issued.
sequInt direct indebtedness shall be required.




22

VERMONT-DEBT OF STATE.

In the case of the consolidation by a merger of two or more such companies
the first mortgage and the first and refunding mortgage
bonds of the consolidated company and of the separate companies that composed
solidated company, when such bonds are secured as provided the condivision"a,"shall be legal investments provided that the combined in subearnings
of the separate companies shall have complied with the requirement
s in respect to gross earnings in subdivision ••b, • and provided
that the combined
net earnings of the separate companies shall have complied
with the requirements of subdivision "c."
(d) In the bonds of telephone companies located in the United States,
when such bonds are secured by the deposit of collateral
having a market
value of at least twenty-five per cent in excess of the par
value of such
bonds; and
(e) Provided: That gross earnings of any such company shall have
at least forty million dollars for each of the last three fiscal years next been
preceding such investment; and
(f) Provided: That net earnings for each of the said last three fiscal
years, after deducting all operating expenses, maintenance and depreciation charges, rentals and taxes, shall have been at least three
times the annual interest charge on the eritire funded debt outstanding at
the end of
each of the last three fiscal years next preceding such investment,
and provided further that in case additional bonds are issued during an incompleted
fiscal year, net earnings as provided above for the last available
months next preceding such investments shall have been at leasttwelve
three
times the interest on all funded debt outstanding, including such additional
bonds issued.
(g) In the bonds of telephone companies doing a general telephone business in this State.
(is) Provided: That gross earnings of any such company shall
have been
at least fifteen million dollars for each of the last
three fiscal years next
preceding such investment; and
(i) Provided: That net earnings for each of the said last three fiscal
years, after deducting all operating expenses, maintenanc
e and depreciation charges, rentals and taxes, shall have been
at least three times the
annual interest charge on the entire funded debt outstanding
at the end of
each of the last three fiscal years next preceding such investment,
and provided further that in case additional bonds are issued during an incompleted
fiscal year net earnings, as provided above, for the last available
months next preceding such investment shall have been at least threetwelve
times
the interest on all funded debt outstanding, Including such additional bonds
issued.
(J) Provided: That no investment shall be made in the bonds of any
such company mentioned in this section, which is in default on any
of its
debt or which is in the hands of a receiver.
But not more than ten per cent of the deposits shall be so invested,
•
RAILROAD BONDS—VERMONT RAILROADS.
Third. (a) In the notes or bonds of a railroad corporation
d
under the laws of Vermont, irrespective of the length of suchincorporate
road or the
motive power thereof, when issued in accordance with the laws
of
this
State and in compliance with the provisions hereinafter set forth relating
to
bonds of New England railroads.

[VOL. 106.

DESCRIPTION OF BONDS.
Definition of first mortgage. (f) Whenever the term "first mortgage"
is
used in the following sub-divisions, it shall mean, unless
otherwise qualified,
a first mortgage on not less than 75% of the railroad owned
in fee at the
date of the mortgage by the railroad corporation on the railroad
which
said mortgage is a lien, but in no case on less than 10(1 continuousof
miles of
standard-gauge railroad, exclusive of sidings; provided
that—
Seventy-five per cent of the railroad subject to the lien of said mortgage
is connected;
For five years prior to the date of investment therein all the railroad
subject to the lien of said mortgage at the date of execution
has been
operated by, and its operations included in, the operationsthereof
of the railroad
corporation which issues, assumes or guarantees said bonds;
The date of said mortgage is at least five years prior to the date of such
Investment; except that a first mortgage given in substitution for
and not
greater in amount than such a first mortgage, and covering
same railroad property,shall be considered to be in accordance with thisthe
requirement
.
Direct Obligations. (g) Bonds issued or assumed by a railroad corporation described in sub-division (e) which are secured
by
a
mortgage
which was at the date thereof, or is at the date of such investment:
(1) A first mortgage on a railroad owned in fee by the corporation issuing
or assuming said bonds except that, If it is not a first
mortgage on 75%
of all such railroad owned in fee by said corporation, It shall
be a first mortgage on at least 75% of the railroad subject to the lien of said
mortgage at
the date thereof; but if any stocks or bonds are deposited
with
the trustee
of said mortgage as part security therefor, representing or covering
mileage not owned in fee, the bonds secured by said mortgage shallrailroad
not become legal investments unless said corporation owns in fee at least
75%
of the total mileage which is subject to the lien of said mortgage and which
Is represented or covered by said stocks or bonds;
(2) A first mortgage, or a mortgage or trust indenture,
is in effect
a first mortgage upon all the railroad subject to the lien of which
said mortgage or
trust indenture by virtue of the irrevocable pledge with the
trustee
thereof
of an entire issue or issues of bonds which are a first lien upon the railroad
of a railroad corporation which is owned and operated,
and ope
broantdesd; or leased and operated by the corporation issuingcontrolled
or assuming said
(3) A refunding mortgage which covers at least 75% of the railroad
owned in fee by said corporation at the date of said mortgage
and provides
for the retirement of all outstanding mortgage debts which are
a prior lien
upon said railroad owned in fee and covered by said refunding mortgage
the date thereof; but if any of the bonds which said refunding mortgage at
is
given to refund are secured on a railroad not owned in fee by the corporation executing said refunding mortgage, there shall be conveyed and assinged
to the trustee of said refunding mortgage either—
At least 75% of the railroad on which each issue of bonds to be refunded
is secured, free from any mortgage lien except that of the
mortgage or mortgages securing the bonds to be refunded, or
At least 75% of the outstanding bonds of each issue which is secured by
a mortgage lien upon such railroad; and all of said railroad not
owned In
tee which is so subjected to the lien of said refunding
shall be the
railroad of one or more railroad corporations which aremortgage
owned and operated,
controlled and operated or leased and operated by the corporation issuing
NEW ENGLAND RAILROADS
or assuming said refunding mortgage bonds: but in no case
(b) In the bonds or assumed bonds of a railroad corporation incorporate
shall the bonds
d secured by said refunding mortgage become a legal
n any of the New England States at least one-half of the railroad
unless they
of
whicd mature at a later date than any bonds which said investment
s located in said States whether such corporation is in possession of and
refunding mortgage is
is
given
to
refund,
nor
unless
the
total
mileage
operating its own road or is leased to another railroad corporation; provided,
subjected to the lien of said
refunding
mortgage in accordance with the requirements of this paragraph
either that such bonds shall be secured by a first mortgage of the whole
part of the railroad and railroad property of such corporation, or by aor a is at least 25% greater than the mileage covered by any one of the mortre- gages securing bonds which said refunding mortgage is given to refund.
funding mortgage as described in paragraphs (3) or (4) of sub-division
(4) A mortgage upon not less than 10% of the railroad exclusive of sid(g)
or that if the railroad and railroad property of such corporation are untilings, owned in fee at the date of said mortgage by the corporation
cumbered by mortgage, such bonds shall be issued under the authority
issuing
of or assuming said bonds, but in no case on less than
one of said States, which provides by law that no such railroad corporation
500 continuous miles
of standard-gauge railroad; provided, that—
which has issued bonds shall subsequently execute a mortgage upon
its
Said
mortgage
is
a
first
or
second
lien
upon not less than 75% of the total
road, equipment, franchise, or upon any of its real or personal property.
railroad covered by said mortgage
the date thereof, and which provides
without including in and securing by such mortgage
bonds previously for the retirement of all mortgage at
debts which are a prior lien upon said
Issued, and all Its pre-existing,debts and liabilities, all
which
provision,
so
railroad
owned
in
fee
and
covered
by said mortgage, at the date of the
enacted in such State, shall have been accepted by the stockholders of such
execution thereof;
corporation; and provided, that such corporation has paid in dividends
in
The bonds secured by said mortgage mature at a later date than, and
cash an amount equal to not less than 4% per annum on
all
its
outstanding
cover
a
mileage
at
least
greater
25%
than is covered by, any of the bonds
issues of capital stock in each fiscal year for the five years next preceding
secured by a prior lien mortgage so to be retired;
such investment;
The date of said mortgage shall be at least five years prior to the date
(c) In the first mortgage bonds or assumed first mortgage bonds or in the
of
such
investment.
bonds secured by a refunding mortgage as described in paragraph (3)
or
Bonds underlying refunding mortgages. (h) Mortgage bonds or bonds
(4) of sub-division (g) of a railroad corporation incorporate
sed in any of the cured by mortgage bonds which
are a direct obligation of, or which have
New England States the railroad of which is located wholly
or
in
part
been assumed, or which have been guaranteed by endorsemen
therein, which have been guaranteed as to principal and interest by a
t
as
to
both
railroad corporation described in sub-divisions (a) or (b) which is in possession principal and interest, by a railroad corporation whose refunding mortgage
bonds are made a legal investment under paragraphs (3) or (4) of subof and is operating its own road;
division (g); provided, that,—
(d) No bond shall be made a legal investment by
(b) unless
Said bonds are prior to and are to be refunded by such refunding mortgage;
the corporation which issued or assumed such bondsub-division
has, during its fiscal
Said refunding mortgage covers all the real property
year next preoeding the date of such investment paid
upon which' the
dividends on its mortgage securing said underlying bonds
is a lien;
capital stock an amount equal to one-third of the total in
In the case of bonds so guaranteed or assumed, the corporation issuing
paid on all its direct and assumed funded indebtedness.amount of interest
said
bonds
is
owned
and
operated,
controlled and operated or leased and
No bond shall be made a legal investment by sub-division (c) unless the
operated, by said railroad corporation.
corporation which guaranteed ouch bond has, during its fiscal
year next
Guaranteed obligations. (I) Bonds which have been guaranteed by enpreceding such investment, paid in dividends on its capital stock an
amount
dorsement
as
to
both principal and interest by a railroad corporation which
equal to one-third of the total amount of interest paid on all its direct,
has complied with all the provisions of sub-divislon (e); provided,
assumed and guaranteed funded indebtedness.
Said bonds are secured by a first mortgage on the railroad of athat—
No bond shall be made a legal investment by sub-division (b) or (c) unrailroad
corporation
which is owned and operated, controlled and operated or leased
less the corporation owns in fee not less than 100 miles of
railroad (exclusive of sidings) within the United States. standard-gauge and operated by the oorporation guaranteeing said bonds.
In the case of a leased railroad, the entire capital stock of which, except
shares qualifying directors, is not owned by the lessee, the rental includes
OTHER RAILROADS—DESCRIPTION OF CORPORATION.
an amount to be paid to the stockholders of said leased railroad equal to
(e) In the mortgage bonds, as described in any of the following
at
least 4% per annum upon that portion of the entire capital stock thereof
divisions of this clause, of any railroad corporation incorporated undersubthe outstanding which is not owned by the lessee.
aws of any of the United States;
(j)
First
mortgage
bonds
of
a
railroad
corporation which during each of
Provided, that during each of the ten flscel years of such railroad corporaits ten fiscal years next preceding the date of such investment
tion next preceding the date of such investment—
has complied
(1) Such railroad corporation owned in fee not less than 500 miles of with all the requirements of paragraphs (2), (3) and (4) of sub-division (e),
provided
that
said
bonds
are
guaranteed by endorsement as to both prinstandard-gauge railroad, exclusive of sldings,,within the United States, or,
It such corporation owned in fee less than 500 miles of such railroad, the cipal and interest by a railroad corporation which has complied with all
the requirements of sub-division (e) preceding paragraph (5), notwithstan
gross earnings of such corporation, reckoned as hereinafter provided,
dshall ing that tile railroad of said issuing
corporation is not operated by said
have been not less than $15,000,000:
(2) Such railroad corporation shall have paid tae matured principal and guaranteeing corporation.
interest of all its mortgage indebtedness;
CORPORATION NOT TO LOSE CREDIT BY TEMPORARY
(3) Such railroad corporation shall have paid in dividends in cash to its
TURBANCE OF RELATION OF GROSS EARNINGS TO DISstockholders an amount equal to at least 4% upon
FIXED CHARGES.
all
outstanding
Its
capital stock;
(k) Bonds which have been or shall become legal investments under
any
(4) The gross earnings from the operation of the property of such rell- of the provisions
of this Act shall not be rendered Illegal, although the corroad corporation, including therein the gross earnings of all railroads
poration issuing, assuming or guaranteeing such bonds shall fail for
a
and operated or controlled and operated by said corporation, and theleased
period not exceeding two successive fiscal years to comply with the requiregross
earnings from the sale of coal from mines owned or controlled by it, shall ments of paragraph (4) of
(e); but no further investment in the
not have been less in amount than five times the amount necessary to pay bonds Issued, assumed orsub-division
guaranteed
by
said
corporation
shall be made
the interest payable upon its entire outstanding indebtedness, the rentals during said period. If, after
of all leased lines and the interest on all the outstanding indebtedness of compiles for the following the expiration of said period, said corporation
fiscal year with all the requirements of subrailroads, controlled and operated, which is not owned by said corporation
division (e), It shall be regarded as having complied therewith
,
during
after deducting from said interest and rentals interest and dividends re- said period.
ceived from the stocks, bonds or notes of railroad corporations not operated
BONDS NOT TO BECOME ILLEGAL ON ACCOUNT OF
by said corporation, which have been deposited with a trustee as the only
CONSOLIDATION.
security to secure the payment of bonds or notes issued by said corporation,
but not in excess of the interest on said last-named bonds or notes;
(I) Bonds which have been or shall become legal investments
anAnd further provided, that—
al the provisions of this Act shall not be rendered Illegal, althoughunder
the prop(5) No bonds shall be made a legal Investment by sub-division
erty upon which they are secured has been or shall be conveyed to or
In acquired
legally
case the mortgage securing the same shall authorize a'total issue of (g)
by another railroad corporation, and although the corporation
bonds
which, together with all outstanding prior debts of the issuing or assuming
which issued or assumed said bonds has been or shall be consolidate
d with
corporation, including all bonds not issued that may legally
be issued under another railroad corporation, if the consolidated or purchasing corporation
any of its prior mortgages or of its assumed prior mortgages, after
shall assume the payment of said bonds, and so long as It shall continue
to
therefrom, in case of a refunding mortgage, the bonds reserved deducting
pay
regularly
interest
or
dividends,
both,
or
upon
under
provision of said mortgage to retire prior lien debts at maturity, shall the against, In exchange for, or to acquire the stock of, thethe securities issued
excorporation
consoliceed three times the outstanding capital stock of said corporation at the dated, or the property purchased, or upon securities
y issued
date of such investment;
in exchange or substitution therefor, to an amount subsequentl
least equal to 4%
(6) No bonds shall be made a legal investment by sub-division (I) or (j) per annum upon the capital stock outstanding at theat
time
of
such
consolls
in case the mortgage securing the same shall authorize a total issue of bonds dation or purchase of said corporation which Issued or assumed
said bonds.
which, added to the total debt of the guaranteeing corporation as defined
CREDIT OF A CORPORATION NOT TO BE LOST BY
in paragraph 5, including therein the authorized amount of all previously
CONSOLIDATION.
guaranteed bond issues, shall exceed three times the capital stock of such
(m) If a railroad corporation which has complied with all the
guaranteeing corporation outstanding at the date of such investment;
requirenor
ments
of
sub-div
ision
preceding
(e)
paragraph (5), except that the period of
in case at said date the total debt of the corporation which Issued said bonds
compliance is less than ten, but not less than five successive
shall exceed three times its outstanding capital stock;
years,
shall be
In the case of a mortgage executed prior to the passage of this Act, under or shall have been, thereupon consolidated or merged with, or its railroad
purchased and all of the debts of such corporation assumed by,
which the total amount of bonds which may be issued is not
another
specifically
stated, the amount of bolads outstanding thereunder at the date of such railroad corporation incorporated under the laws of any of the United States,
such corporation so succeeding shall be considered as having complied
investment shall be considered, for the purposes of paragraph 5 and of
with
this all the provisions of sub-division (e) preceding paragraph
paragraph, as the total authorized issue.
(5) during those
successive years next preceding the date of such consolidatio
n, merger or




JUNE, 1918.]

VERMORT-CITIES AND TOWNS.

purchase, in which all said consolidated, merged or purchased corporations,
If considered as one continuous corporation in ownership and possession,
would have so complied; provided, that said succeeding corporation shall
continue so to comply for a further period which shall make such compliance
equivalent to at least ten successive years, but which shall be in no case
less than the two fiscal years next following said consolidation, merger or
purchase.
BANK STOCKS AND DEPOSITS IN BANKS.
Fourth. (a) In the stock of any national bank in the New England
States and the State of New York; in the stock of any banking association
or trust company Incorporated under the authority of and located In this
State; but no bank shall hold bank stock both by way of investment and
as security for loans in excess of 10% of its deposits, nor, in any one bank,
more than 5% of its deposits, or more than $35,000,or more than 10% of
the capital stock of any one bank.
(b) A bank may deposit on call in banking associations or trust companies, approved by the Bank Commissioner of this State, and under the
supervision of the State or Federal authority, in this State or in the cities
of New York, Boston, Chicago, Albany, Philadelphia or Concord, New
Hampshire, or in any other bank designated as a depository under the laws
of the United States or in national banks in the cities of St. Paul, Minneapolis and Kansas City, with or without Interest as may be agreed upon,
sums not exceeding in the aggregate 20% of the assets of such depositing
banks.
LOANS ON PERSONAL SECURITY, INCLUDING COLLATERAL
LOANS.
V. In loans or renewals of loans of the class hereinafter described, payable and to be paid or renewed at a time not exceeding one year from the
clat0. thereof; but not more than a third of the assets of a bank shall be so
invested nor shall a bank loan to a person, partnership, association or
corporation upon personal security (treating loans to the individual members of a partnership as loans to the partnership), more than ton thousand
dollars until a bank's deposits amount to one million dollars, after which
the sums so loaned may be increased one per cent of the deposits in excess
of one million dollars up to, but not exceeding fifty thousand dollars, or
(in cases whore ten per cent of the capital and surplus exceeds fifty thousaud
dollars) up to. but not exceeding, ten per cent of the capital, if any, arid
surplus; but this limitation shall not apply to the purchase of municipal
or railroad bonds, or to notes with such bonds as collateral.
L., (a) A note bearing as makers, sureties, or indorsers, the signature of at
least two approved names of residents of this State, or of persons who reside within fifty miles of the bank making the loan;
(b) A note or accepted draft given by individuals, firms, or corporations
residing without this State, for goods manufactured within this State and
payable to individuals, firms or corporations located within this State and
Indorsed by at least one responsible citizen of this State;
(c) A note of a corporation incorporated under the laws of this State,
with one or more substantial sureties resident in this State, or approved collateral at not more than eighty per cent of its market value;
(d) A note of a responsible borrower with a pledge as collateral, in such
form as the bank commissioner shall approve, of:
(1) One or more first mortgages of real estate such as might be lawfully
purchased by a bank, as in cases of mortgages bought by the bank, provided the amount of such note is not in excess of the amount which the bank
might loan on a notc secured by mortgage on said land; or
(2) Municipal bonds in which the bank might legally invest, at not more
than ninety per cent of their market value; railroad bonds in which the bank
might legally invest, at not more than eighty per cent of their market value:
and bank stocks in which the bank might legally invest, at not snore than
eighty per cent of their market value; or
(3) Deposit books or certificates of deposit of depositors in banks of this
State, including national banks, at their full value, and in banks of any of
the New England States and of New York, under State or Federal supervision, at not more than ninety per cent of the amount of deposits therein
shown, provided written notice of such assignments has beeh given to the
bank carrying the deposit; or
(4) Acceptances based on exports, imports or domestic commercial transactions, when the accepting bank is one that the law permits an account
with,and when such acceptances are drawn for not longer than ninety days;or
(5) Other collateral approved by tho directors and bank commissioner,
at not more than eighty per cent of its market value, which shall be maintained during the life of the note;
(e) Commercial paper indorsed by banks in which the law allows deposits
on call to be made, to mature in not more than ninety days, the aggregate
amount of such paper in any one bank not to exceed the capital of a trust
company, and in the case of a savings bank not to exceed the amount of the
surplus which is in excess offive per cent of the deposits and other liabilities
except surplus; and a bank to which commercial paper is pledged as collateral security shall forthwith notify the maker and indorsers of such paper
that it has been so pledged;
(f) A note of a responsible borrower; provided, however, that the aggregate amount of such loans shall not exceed the average amount of the commercial deposits of a trust company for the six months next preceding or
exceed fifty per cent of the surplus of a mutual savings bank or exceed'
the
capital and surplus of trust companies having no commercial deposits.
BANK BUILDING.
Sixth. Five per cent of the deposits of a bank may be invested in the
purchase of a suitable building for the convenient transaction of its business, or a site therefor and the erection or repairs of a building thereon,
from portions of which not required for its use a revenue may be derived.
REAL ESTATE TAKEN BY FORECLOSURE.
Seventh. A bank may hold real estate acquired by the foreclosure of a
mortgage thereon, owned by or pledged to such corporation, or by purchase
at salts made under the provisions of such mortgage, or upon judgment for
debts due, or in settlements effected to secure such debts; and such real
estate shall be sold by such corporation as soon as a reasonable price can
be obtained therefor and within five years after the same is vested in such
corporation, except when a majority of the trustees of such corporation
shall make application In writing to the Bank Commissioner, stating that,
In their opinion, the interests of such corporation require that such real
estate be held for a longer period than aye years; in which event said Commissioner may extend the time of holding such real estate not to exceed
five years.
SECURITIES ACQUIRED IN SETTLEMENT OF INDEBTEDNESS.
Eighth. A bank may Isold stocks, bonds, notes or other securities not
the subject of legal investment acquired in settlements effected to secure
or adjust loans; but unless the length of time such securities may be held is
extended, as provided in the preceding clause, they shall be sold within
five years after being acquired.
LIST OF RAILROAD BONDS TO BE PREPARED.
Ninth. Not later than the first of March in each year, the Bank Commissioner shall prepare a list of the railroad securities which are then legal
Investment for banks, which list shall at all times be open to public inspection, and shall send a copy thereof to every bank coming within his jurisdiction.
The latest list of railroad bonds which aro considered legal investments for
savings banks was issued by the Bank Commissioner on March 1 1916
This list was printed in Mil In the "Chronicle" of May 18, 1918. page
2143.

BEIMINGTON, TOWN.
A shire town in Bennington County. Incorporated Feb. 11 1762
Refunding (Int. at Treas. office.)
45
J-J $90.000e.
BOND. DEBT Apr 1918_ $90,000
Total valuation 1917_ -- _ 5,789,902
Tax rate (per $1,0(
29.50
Population in 1910------------8,698

23

HARDWICK.
This village is in Caledonia Couaty.
Inc. Nov. 15 1890. Pop.'10. 2.094.
Water Bonds.
1919
3.708 M-N $9.000c
School Bonds.
4s& 58 J-J $12.000c ____1918-1927
Electric-Light Bonds.
48 'l1-'[2
$65.000c July 1 1931
48 '13
J-J 41,000c
1932
4s
19.000c
1924
BRANDON GRADED BCE. DIST. BOND. DEBT Apr 1918_ $140.000
Assess. val. real
1,046,171
This district (P. 0. Brandon) is in Assess. val. personal
116,200
Rutland County.
Total val.'16 (2-3 act.)_ _ _1,162.371
Refunding Bonds.
Tax rate (per $1.000) 1918.-46.00
$12,000c
Nov 1 '22-'27
INT. payable at Hyde Park Bank
($3.000 every two years)
and C. D. Parker & Co., Boston,
Nov 1 '23-'27 Procter Trust (1o.. Procter, and
4s '17 12,0000
M-N
($4,000 every two years)
Village Trea..urere. uffice.
Nov 1 '29-'37 HARTFORD.
36,000c
BOND. DEBT April 1918.. $60,000
Refunding Bonds (tax-free).
Water debt (add 1)
80,000 4s '10 A-0 $75.000c __Apr 1 '20-'34
Assessed valuation 1917_ 1,242,596 BOND. DEBT Jan 1 '18
$75,000
Total tax rate (per $1,000) '17-$8.00 Floating debt'._
18,200
Population 1910
2,712 Assess. val., real estate_
2,934,535
1,123,417
INT. on 4s of 1917 payable at Assess. val., personal
Other assessable property.._
2,436
First Nat. Bank, Boston.
Tot. assess. val. '17 (3.4 to
Yi
act.)
4,04.455
BRATTLEBORO.
Total tax (per $1,000) 1917..422.00
This town is in Windham County
Pop. '10, 4,179; 1917 (est.)___4,200
Sidewalk Bonds.
INT. payable at Treasurer's office.
4s '12 J-J $20.000c___ _Jan '19-'22
4,000c_ __Jan 1 1935
4s '15 ___
T48 '15
Jan 1935 MIDDLEBURY9.0000
A village in Addison Co. Inc.
Brattleboro House & Refund.
4s '13 ___ $18.000____Jan '24-'25 1816. Population 1910, 1.866.
Sewer Bonds.
Work at Railway Station.
Var $10.500r_(Subj to call)
4s '15 J-J $15.000c_ __Jan 1 1933 5s
48 Water Bonds.
Library and Road Bonds.
J-J $30,000c --------1921
4s '12 J-J
$3,000c_ _ _Apr 1 1419 48
M-N 50,000c_ ..May 1 1941
Bridge Bonds.
(Subject to call May 1 1921.)
4s '98 J-J $15.000c___July 1 1918 BOND.
DEBT Jan 1 1918- $90,500
3s '03 A-0 29.000c___Apr 1 1923
Floating debt
3,755
(Subject to call Apr 1 1913.)
Sinking fund (water)
19,160
Street Bonds.
(2-3
act.)_
_1,622,316
Assess.
val.
'17
4s '17 J-J $16,000c_ _Jan 1927-'30
BOND. DEBT Apr 6 '18.... 129.000 Tax rate (per $1,000) 1917___S23.50
Floating debt
10,000 INT. at Nat. Park Bank, New York.
Assess. val. real
4,969.112
Assess. val. personal
2,741.318 MONTPELIER.
The city Is situated in Washington
Other assessable property
424.600
Total val.'16 (2-3 act.)_ _ _ _8.135.030 County. On March 5 1895 the town.
school district were conTotal tax rate (per $1.000)'16419.00 village and
Population in 1010
7.964 solidated under a city charter.
School Bonds.
INT. at People's Nat. Bank In 3 1-5s '00 M-N $30.000r_Nov 1 x1920
Brattleboro.
4s '12 A-0 100.000e...Apr 1 x1932
Bridge Bonds.
IRISTOL.
3 1-5s '00 A-0 $15.000r_Nov 1 x1920
Thts village is in Addison County.
Poor Farm Bonds.
Incorporated Fe.). 26 1903.
1921
434s'15 _
$15,000
Water Bonds.
Refunding Bonds.
4s
J-J 447,0J0c--$1,000 yrly 3s '99 A-0 $40,000r __Apr 1 a1919
BOND. DEBT Apr A '18_
$47,000
City-Hall Bonds.
Floating debt
15,300 330'07 M-N $30,000c _ _ May 1 a1927
Assess. val.'17(80% act.) 923,985 45 '09 F-A 120,(X)0e. __Aug 1 x1929
Village tax (per $1,000) 1917_ $7.00 BOND. DEBT Apr 5 '18.._ $350.000
Pop'n 1910, 1,180; 1918 (est.), 1,500 Sinking funds
41,941
INT. at the First Nat.Bk.,Boston. Assessed valuation 1917.._7.665,068
Total tax (per $1,000) 19-17 __$23.00
Population In 1910..
7.856
BURLINGTON.
x Subj.to call 10 yrs. bet. maturity.
This city is in Chittenden County
a 15 years before maturity.
Incorporated Feo. 21 1865.
INT. at Treas. office. Old Colony
Water and Sewer Bonds.
$65.000c&r_Jan 1 1919 Trust Co., Boston, Montpelier Say.
48
Bk. & Tr. Co. and Capital Say. Bk.
Electric-Light Bonds.
44 '04 J-J $58.000c_ __July 1 1939 & Tr. Co.. Montpelier.
9.'06 J-J
39.000c.. __July 1 1936
4a '10 J-D 53.000c_ __Dec 1 1935 MORRISVILLE.
This village is In Lamoille Coun-,y.
481 '14 M-N 50,00a_ _ _ _Nov 2 1939
Electric Light Bonds (tax-free).
Street-Improvement Bonds.
4s
'09 F-A $72,000c___Feb 1 1929
4s
J-J $20,000c__ July 1918
F-A 10,000_ __ _Feb 1 1920
3 tis
J-J
30,000r_ __July 1 1921 4s
BOND. DEBT Apr 1 1918 _$82,000
School Bonds.
2,000
J-J $85.000c_ __July 1 1923 Floating debt
334s
9,000
J-D 25,000c-_Dec 1 1924 Sinking fund
3348
3 34s'01 Ni-N 32,000r_ _May 1 1921 Assessed val. '17 (54 act.)_1.331,985
38.000c_ __July 1 1934 Tax rate (per $1,000) '18---$27.00
4s '04 J-J
36,000c_ __July 1 1939 l'op. '10, 1,445; '18 (est.), 1.600.
4s '09 J-.T
/NT. at First Nat. Bank. Boston.
20.000c___July 1 1934
4s '14 J-J
School Refunding Bends.
48 '15 A-0 $25,000c___Oct 1 1935 NORTHFIELD.
This village is In Washington Co.
Filtration-Plant Bonds.
Water Bonds.
A-0 $51.000c_ __Oct 1 1928
4s
$57,000c_Mch 1 '19-'37
3340
Refunding Water Bonds.
4s '06 J-J 8100.000c&r_July 1 1926 BOND. DEBT Apr 6 '18.... $57,000
Floating debt
6,200
Railroad (Red. beg. Apr. 1 '11).
A-0 $50,000c-Apr 1 1931 Assess. val.'17 (abt. act.)..1,110,403
48
Tax rate (per $1,000) 1917-.328.50
Refunding Bonds.
48 '04 A-0 $87,000c_ __Sept 1 1929 Population In 1910 - - _ - 1.918
INTEREST payable at Northfield
BOND.DEBT Apr 11918 $864,000
Sinking fund
74,072 Nat. Bank.
PROCTOR.
Elec. bds. exempt
spec.
This village is In Rutland County.
Act (incl. above)
200,000
Water debt (incl.)
209,000 Inc. 1884. Population 1910. 2.758.
Water and Sewer Bonds.
Assess. val.'17(80% act.)19,504,646
J-J $68,000_ __Jan 1 '19-'36
Tax rate (per $1,000) 1917_ _ _ _$20.00 38
Ref. & School Bonds.
Pop. '10, 20,467; 1918 (est.)_ _23.000
_s
$55,000
INT. at Fourth Nat. Bank, N.Y., BOND.
DEBT Mar 13 '18_ _ $123,000
and at City Treasurer's office.
5,050
Floating debt
_3,302,597
Total assessed val.
ESSEX JUNCTION.
1916_Total tax (per $1,000)
1916_49.00
This village is in Chittenden Co.
INT at village Treasurer's office.
Inc. 1892. Population 1910, 1.245. RICHFORD.
Village Building Bonds.
This town is in Franklin County.
48 '13 J-J
$7.000.___July 1 1933
Town Hall Bonds.
Water bonds
x$35,000 4s __s-a $23,000c ___ _1922-1932
School bonds
30.000
Railroad Bonds.
BOND. DEBT May 1917_ _ _ 72,000 4s
1919
s-a
$4,000c
Floating debt
5.600
School Bonds.
Total sink. funds
12,000 4s '17 M-S _ f $40,000c..Sept 1 18-'27
Assess. val. 1916 (70% act.)_954,323
1 2,000c_ --Sept 11028
Total tax (per $1,000) 1916-....$25.00 BOND. DEBT Mar 1918.._ _$69,000
5.283
Floating
debt
x
INT.
at
First
Nat.
Bank,
N.
Y.:
(ITIES, COUNTIES AND TOWNS IN THE
Grand list 1917
15.671
other at First Nat. Bank, Boston.
2,907
Population in 1910
STATE OF VERMONT,
INT. on school and town hall
3
BARRE.
J-J $60,000c ..July 1 1922 FAIR HAVEN.
bonds Is payable at First National
This village is In Rutland County. Bank, Boston; on railroad bonds at
This city is In Washington Co (Subject to call after Jan 1 1918.)
BOND. DEBT Dec 31 '17_8387,000 Inc. Oct. 1865. Int. at Treas.office. Richford Say. Bank & Trust Co.
Incorporated 1895.
Floating debt
Water and Sewer Bonds.
72,042
aSchool Bonds.
J-D $46,000c_ -.June 1 1923 ROCKINGHAM.
Water debt (inclu(jed)
205,000 4s
4e '09 M-S $10.000c_Sept 1 '18-'19 Sinking fund'
General
This town is in Windham County.
37,763 :4 (Subject to call June 1 1913.)
4s '14 A-0 49,000c -1924-1934
34s
F-A .$9,500r.$1,000 yearly
Water
4,437
Town Hall Refunding Bonds.
Oct
65,500c
1
1934 Assess. val. real
4s '14 A-0
4,746,372 BOND. DEBT Apr 1918_ $55.500 -s_ $22,500 _ __..$2.500 yrly
xRefundIng Bonds, 1116.
Floating
debt
1,459
Assess, val. personal
School
nonds.
1,172,502
$57,500c_Opt.
aft.
1914
J-J
48
1,306 4s '16 J-J $27,000--$2,500 yearly
Other assessable property
675,800 Cash in treasury
1.619,783
Total Val. '17( act.).._ _6,594,674 Assess. val. 1917
Water Bonds.
Refunding Bonds.
(Assessment
on
real
estate
is
at
full
*40,000c
_1918-1925 Total tax (per 81,000). 1917_$26.00
J-D
48
_s
___ $50,000
J-D 35.000e ......._1921 Pop.'10, 10,374;'16
4s
32.500July 1 '18-'31
12,500 value; on personal at about 2-3 of its 9s '14 J-J
(Optional after 1916.)
INT. on bonds marked (x) at Nat. actual value).
BOND. DEBT Apr 10 '18._ $132,000
48 '10 J-D a45.000e_Dec 1 '19-'27 13k. of Redemption, Boston; (a) at Total tax (per $1,000) 1917.____$3.00 Total assessed val. 1916--.5.695,073
2.554 Tax rate (per $1,000) 1917 _ _ _.$21.00
25,0000- -Jan 1 1920 City Treas, office, others at Nat. Ponnlation in 1910
3 ;is
J-J
Bank of Barre.
(Subject to call after 1916.)
INT.at First Nat. Bk..Fairhayen. Population in 1910
6,207




21,

MASSACHUSETTS-DEBT OF STATE.

RUTLAND.
This city is in a town and a county
of the same name. Inc. as a town
Sept. 7 1761; city Nov. 19 1892.
General Debt.
J-J $25,000c__ ....June 1926
48
4sg
M-N 100,0000__ _-May 1924
M-N 50,000e __ __Nov 1924
4s g
M-N 21.000c.... Nov 1938
48
Refunding Water Debt.
Jan 1929
J-J $30.000c
334s
Water Debt.
M-N $65,0000„ __Nov 1924
48 g
Water Note.
M-N $2,000-- --Nov 1925
4s
Sewer Debt.
Nov 1924
M-N$25,000
4s g
M-N 75,000c ___May 1 1926
4s g
M-N 16,000c ...May 1938
4s
School Note.
M-N $5,000 ___ Nov 1925
4s
City-Hall Bonds.
3 55s g M-S $20.000c___Sept 1 1931
School Debt.
Nov. 1919
M-N $10,000c
45
M-N 30,000c-....May 1925
4s
48 g '07 M-N 50,000c __May 1 1937
M-N 20.000c._ ..May 1938
4s
8.000__Nov 1 '18-'21
4s '13 M-N
4s '16 J-J ir,000e_July 1 22-'33
1,000c___July 1 1934
BOND. DEB Jan 1 '18.. $577,000
222,189
iGeneral
Sinkingdeb
74,565
fund Water
97,000
t(included)
Water
7.695,290
Assess. val. real
2,624,403
Assess. val. personal
Other assessable property
838,400
Total val. '17 (2-3 act _11,158,093
Tax rate (per $1,000) '17-$20.00
Pop. '10, 13,546; '17. 15,000.
INT. at First Nat. Bank. Boston
ST. ALBANS.
This city is in Franklin County
This city was organized March 2 1897
and comprises the most populou.,
portion of the town of St. Albans.
Street Bonds. •
4s '09 F-A 330,000o __Oct 1 '18-'23
As '10 J-D 15.000c_June 1 '18-'20
4s '11 J-D 10,000e_June 1 '18-'19
4s '15 -__ 15,000. June 1 '26-'27
Water Bonds.
Is '12
A-0 $60,000c __Oat 1 '28-'31
Permanent Improvement Bonds.
4s '03 Nov $7,000c _ __Nov 2 1923
4s '04 May 7,000c.....May 2 1924
School District Bonds.
4s '96 J-D $4,000c_Dec 30 '18-'21
4s '11 J-J 35,000c_July 1 '21-'27
Sidewalk Bonds.
4s '05 June $7,000c __June 7 1025
U. S. Deposit Fund Bonds.
450'12 A-0 $12.000e-Apr 1 '20-'22
BOND. DEBT Apr 10'17 $217,000
Water debt (included)__ _
63,000
Assess. val.'16 (abt. act.) 4,451,911
Tax rate (per $1,000) 1916_ -$20.00
Population in 1910_ _ -------6,381
INT. at First Nat. Bank. Boston.

School Bonds.
$5.000c -___1918-1921
10,000o ____1923-1927
25.000o ____1928-1932
BOND. DEBT Apr 1918.. $67,000
Assess. val.'17(70% act.)_1,829,640
Tax rate (per $1,000) 1917__ _ _$20.00

1

SWANTON, VILLAGE.
This village is in Franklin County.
Population 1910.1.236.
*Refunding Bonds.
$4,000c_Aug 1 '20-'23
4s '16 F-A 116,000c_Aug 1 '24-31
30,000c..Aug 1 '32-'41
Water Bonds.
_1918-1928
_s
i$22.000
1929
65,000
TOTAL DEBT
$175,000
Water debt
91,000
Assess. val.(75% act.)........ 635.155
Tax rate 1916
$27.60
*INT.at Old Colony Tr. Co., Bost.
VERGENNES.
This city is situated In Addison
Co. Inc. in 1788. Pop'n '10. 1,633.
Water Bonds.
4s '08 J-J $25.0000___Jan 1 1929
Refunding Water Bonds.
4s '14 _ _ $20.000. Sept 1 1934
Sewer loans
$6,000
14.100
Floating debt
TOTAL DEBT Mar 1918 $64.100
4,700
Sinking fund (water)
875.488
Tax val.1917 (2-3 act.)
Tax rate (per $1,000) 1917_ _ $24.00
INT. at First Nat. Bank. Boston.
WATERBURY.
This village is in Washington County. Inc. Nov. 20'82. Pop.'10. 1.377
Water Bonds.
4s '15 J-D $34.000c_June 1 '18-'39
Sewer Bonds.
4s '09 M-N $25,000c_On or bet. '19
BOND. DEBT Apr 1918- $61,000
Assess. val. '16(% act.)... 937.548
Tax rate (per MOM 1916..
INT. at Waterbury Say. Bank Sr
Trust Co.

WINDSOR.
This village is In Windsor County
Inc. 1884. Population 1910, 1.906
Street Bonds.
4s
$22,000.._$1,000 yearly
Sewer Bonds.
45 '11 J-J $11,000c _ __Jan 1 1931
Refund. & Str. Impt. Bonds.
45 '15 J4 $25.000e_ _part yearly
beginning Jan. 1 1917
Refunding Water & Sewer Bds
48 '09 J-J $16.000c_July 1 '19-'29
Refunding Water Bonds.
45 '09 J-J $17,000c_July 1 '19-29
BOND.DEBT Apr 5'18_
$91,000
Floating debt
12,756
Assessed valuation 1917......1,795,172
Tax rate (per $1,000) 1918.....$6.50
INT. op $22,000 48 and 4s of
'15 at State Nat. Bank, Windsor,
on 4.8 '09 and 4s of '16 at Old Colony
Trust Co., Boston; other debt at
SPRINGFIELD.
This village is in Windsor County. office of Treasurer.
Inc. 1866. Population 1910, 3.250.
M-N *$140,000c1$5,000 yearly WINO0SKI.
4s
This 'village is in Chittenden
M-N
3s
20,000cfafter 10 years
BOND. DEBT May 1915_ $170,000 County. Population 1910. 4,520.
Refunding Bonds.
Assess. val. '14 (abt. act.)_3,752,220
Tax rate (per $1,000) 1914_-$5.50 48 '14 J-.T $70.000____Jan 1 1934
Water bonds
$27,000
*INT. at Harris. Forbes & Co.. Inc., Sewer
bonds
28,000
Bost.; others at 1st Nat. Bk., Spgfd. BOND. DEBT Apr 1918... $125,000
Floating debt (est.) Apr '17 17,317
SWANTON, TOWN.
Sinking funds Apr 1917.... 30,380
This town is in Franklin County. Assessed valuation 1917_ _2,169,448
Population 1910, 3,628.
Tax rate (per $1,000) 1917.._ _$2.95
Railroad Bonds.
INT. at Winooski Say. Bk. and
33is
$27,000c_July 1 '18-'26 Champlain Trust Co.

State of Massachusetts.
ITS

DEBT, RESOURCES, (Sce.
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
8,315
State Capital
Boston
Governor (term exp. 1st Wed. Jan. 1919)_Samuel W.MeCall
See.of State(term exp. 3d Wed.Jan.1919)_AlbertP.Langtry
Treasurer (term exp. 3d Wed. Jan. 1919)....Chas. L. Burrill
Auditor (term exp. 3d Wed. Jan. 1919)__Alonzo B. Cook
Attorney-General
Henry C. Atwill

(VoL. 106.

Port of Boston Bonds.
Harbor improvement.
3Asg'97J-J 1500,000r___Jan 1 1937 Is g '13 F-A$2.625,000r Aug 1 '18-'52
4s g 15 J-J 210.000r_Jan 1 '19-'25 is g '14 F-A 2,700,000r Aug 1 '18-'53
100,000r_Jan 1 '26-'30 4sg '15 F-A 025.000r Aug 1 '18-'54
950,000.Aug 1 '18-36
300,000r_Jan 1 '19-30 48
4$ g
4;•6 '17 F-A 1,000,000_Aug 1 '18-57
*Charles River Basin.
Loans.
3250.000r Jan 1 1944 3s Hospital
3 Asg'04J-J
g
M-N $332,500r Nov 1 1925
400,000c&rJan 1 '45
3 55sg'05J-J
128,000r Nov 1 1925
3 Asg'06J-J
600,000r Jan 1 1946 3I4sg'01M-N
110,450r May 1 1929
M-N
g
3 Asg'07J-J
1,150,000c&rJan 1 '47 3s
M-N
g
As
3
73.000r May 1 1929
3 Asg'08J-J
900,000r Jan 1 1948 3s g M-N
200,000r May 1 1933
35 g '09 J-J
425,000r Jan 1 1949 3I42g'061.1-N
75,000r Nov 1 1935
3 Asg'09J-J
425.000r Jan 1 1949
M-N
80,000r Nov 1 1936
3 Asg'10J-J
475,000 - _Jan 1 1950
300,000r Nov 1 1937
M Hir 07M-N
350 g J-J 244,000r_Jan 1 '19-'50 3
Nov 1 1939
M-N
133.000
3
36.000r..Jan 1 '19-'54
g '14 J-J
Construction.
33.000r_Ja.n 1 '19-'51 3s State-House
4s g '16-A-0 $305,000r Oct 1 1918
g
Military Service Bonds.
60,000r Oct 1 1918
3 %sg'05J-J
$200.000.Sept 27'18-'19 350 g A-0
350'16
570,000r Oct 1 1918
3%s'17
400,000_May 1 '19-22 4s g '14 A-0 400,000r.Oct 1 '18-'34
4s '17 A_ 400,000_May 1 '19-'22 45 '15 A-0 255,000r_Oct 1 '18-34
4342'17 M-S 400,000_May 1 '19-'22 4s g '16
90.000r-Oct 1 '18-'35
550.000r___Oet 1 '18-39
4s g '16
Highways.
1480,000.0ct 1 '18-29
3 As g A-0 $1.300,000r Apr 1 1920 48
1245,000.0ct 1 '30-'36
3 Asg'97A-0
700,000r April 1927
Massachusetts War Loan
300,000r Apr 1 1928
3 Asg'98A-0
A-0 $1,240.000r.Aprl 1928
Is g • A-0
800,000r Apr 1'29-30 3s g
*Water Loan (Metropolitan).
350,000r Apr 1 1931
3s g '01 A-0
$13,000,000c July 1 1935
3
I4sg'95J-J
1932
1
Apr
'02
38 g
10,000r
A-0
4,000,000c Jan 1 PJ38
665,000r Apr 1 1932 3 %s'98 J-J
334s g A-0
400,000r Apr 1 1933 3sg'99-00J-J 4,000,000c July 1 1939
3 Asg'03A-0
1 1941
6,900,000c&rJan
J-J
'01
g
38
350 g A-0
858,000 Apr 1'19-'38
3.100,000r Jan 1 1941
3 As g A-0
880,000rOct 1 '18-41 350 k J-J
136.000 00,1 '18-39 3 Asg'02J-J 3,500,000r Jan 1 1942
A-0
3s g
342'09 A-0 116.000.. Oct 1 '18-'39 3 Ms g J-J 4,000,000rJan 1 '43-44
3t'10 A-0 201,000Oct 1 '18-'39 33isg'05J-J 650,000c&r Jan 1 1945
1,350,000c Jan 1 1946
233.000.0ct 1 '18-'40 3 Iisg'06J-J
3 s'll
199,000c Jan 1 1949
3 s'12 _ 330.000.0ct 1 '18-'41 3 3.42g'09J-J
190,0000 Jan 1 1949
350'15 A-0 551,000Oct 1 '18-'28 3s g '09 J-J
500,000 Jan 1 1950
3,000r_Oct 1 '18-'20 3Iisg'10J-J
1215.000r_Oct 1 '18-'22 3s 11 J-J 165,000__Jan 1 '19-51
3 As
(288.000r_Oct 1 '23-'30 3342' 12 J-J 160,000__Jan 1 '19-51
335.000r..Jan 1 '18-'52
4s '13 A-0 405,000_0ct 1 '18-'22 33.48g J-J
300,000_0ct 1 '23-'27 4s g '14 .14 230.000__Jan 1 '19-'52
4s '14 ..,_ 465,000_0ct 1 '18-'23 45 g '15 J-J 1351.000r_Jan 1 '10-'45
1100,000r_Jan 1 '46-'55
295,000_0ct 1 '24-'28
4sg '16' A-0 288,000r Oct 1 '18-'25 42 g '16 J-J J48,000r_Jan 1 '19-'42
114,000r-1:in 1 '43-'56
140,000r Oct 1 '26-'29
4s '17 A-0 324,000_0et 1 '18-'26 48 '17 J-J 145,000„Jan 1 '19-r47
*Court-House Bonds.
140,000_0ct 1 '27-'30
45 '17 A-0 j360,000.0et 1 '18-'21 33s g M-S $236,000r Mar 1 '19-'38
g M-S 386.000 Sept 1 '18-'39
1445.000.0et 1 '22-'26 3
Medfield Insane Asylum.
450'17 A-0 1360,000_0et 1 '18-27
1140,000_0ct 1 '28-'31 3 Msg'94A-0 $700,000r Apr 1 1924
174,300r April 1927
3%s g A-0
Prisons and Hospital Loans.
3 Iisg'03A-0
165,500r Apr 1 1933
3 As g 51-N 3721,600r Nov 1 1931 3142g'04A-0 '108,000r Apr 1 1934
200,000r Nov 1 1931 3 Asg'07A-0
3s g '01 SI-N
22,000r Apr 1 1936
3 I4sg'033.1-N
746,650r May 1 1933
*Parks (Metropolitan).
3 hsg'04M-N
507,250r May 1 1934
$1,800,000r Jan 1 1934
g
3Iisg'05M-N 300,000c&r May 1 1934 31s
2,600,000rJan 1 1936
3342 g J-J
3 t4sg'06M-N
404,000r Nov 11938 3 Msg'97J-J 2,400,000r Jan 1 1937
166,000r Nov 1 1936 3 Asg'98J-J
3 ‘ig'06/41-N
1,100,000r July 1 1938
3 Iisg'07M-N
237,200r Nov 1 1937 35 '99 J-J
1,605,000_July 1 1939
3s g 09 M-N
125,000r Nov 1 1938 3s g '00 J-J
325,000r July 1 1940
3 Asg'09M-N • 130,800r Nov 1 1938 3 Msg'02J-J
450,000r Jan 1 1940
3 3isg'09M-N 2,149,000 Nov 1 1939 38 g '01 J-J
750,000r Jan 1 1941
3 s g M-N
274.000rNov 1'18-40 3.20sg'03J-J
100,000r Jan 1 1943
219.000.Jan
1937
M-N
5s'07
135,000r Jan 1 1943
Iisg'03J-J
3
(or before, at option of State..) 3 Asg'03J-J
640,000r July 1 1943
4s '14 M-N 40,000.._Nov 1 1918 334sg'04J-J
600,000r Jan 1 1944
4sg '16 M-N
5,000_Nov 1 '18-'19 33.sg'05J-J 670,000c&r Jan 1 1945
334sg'06J-J 600,000c&r Jan 1 1946
*Metropolitan Sewer.
600,000r Jan 1 1947
M-S $6,100,000r Jan 1 1930 3 Msg'07J-J
3s g
125,000r Jan 1 1928
38 g
500.000r Mch 1 1935 3 Msg'08J-J
M-S
60,000.Jan 1 1949
3 As gM-S
495,000rJan 1 1930 3s '09 J-J
60,000_Jan 1 1949
339,000r Mch 1 1935 330'09 J-J
334s g M-S
175,000 Jan 1 '19-'53
M-S 1.024,912r July 1 1939 4s g '13 J-J
38 g
180,000 Jan 1 '19-'54
65,000r Mch 1 1936 4s g J-J
M-S
3s g
36,000r Jan 1 '19-'51
3 As g M-S 3,586,000r July 1 1940 35,55 g '11 J-J
330 g M-S 1,046.000r Jan 1 1943 33s'12 J-J
10.500 Jan 1'19-'32
52,000Jan 1 '19-'31
330 g M-S
305,000r July 1 1943 4s '13 J-J
392,000r July 1 1944 4s '14 J-J
13,500 Jan 1 '19-'34
3Iisg'04M-S
3,500_Jan 1 '19-'25
3Iisg'06M-S 1,175,000 Jan 1 1946 45 '15 J-J
150,000oJan 1 1949 4sg '15 J-J f 90,000r_Jan 1 '19-'25
35 g 09 M-S
1200.000r_Jan 1 '26-'45
263,000c Jan 1 1949
3Asg'09M-S
350 g M-S 46,000r_Jan 1 '19-'41 42 ,15 J-J 80,500Jan 1 '19-'25
2,000r_Jan 1 '19-'20
4s g'13 J-J 328.000r_Jan 1 '19-'52
16,000r_Jan 1 '19-'26
4s g '15 J-J J81.000r_Jan 1 '19-'36 4s g '16-30.000r_Jan 1 '27-'56
136,000r_Jan 1 '37-'45
64,000rJan 1 '19-'50
4sg '16 J-J
' 18,000r_Jan 1 '19-'21
4sg '16 J-J
190,000_Jan 1 '19-'37 4s g '16 J-J
20,000r_Jan 1 '22-'25
24,000r_Jan 1 '19-'21
4sg '16 J-J
135,000_Jan 1 '38-'52
'245,000r_Jan 1 '22-'56
4s '17 M-S 32,000_Sept 1 '18-'21
1245,000_Sept 1 '22-'56 4$ g '16J-J • 300,000r_Jan 1 '19-'33
10,000r.._..Jan 1 1934
4s '17 M-S 39,000_Sept 1 '18-'56
3,000Jan 1 '19-'21
5s '17 M-S J100,000_Sept 1 '18-'27 45 '17 J-J
45,000....Jan 1 '19-'27
1225,000_Sept 1 '28-'52 4s '17 J-J
45 '17 J-J 207,000__Jan 1 '19-'27
Soldiers' Gratuity Bonds.
8,000._Jan
'19-'26
48 g
F-A$240,000r-Aug 1 '18-'22 58 '18 J-J
• Nominal or contingent debt except "parks," of which $3,193,175 is a
direct State obligation. Two-thirds ($121,333.35) of the Court-house loans
Is contingent debt. See below.
PUBLIC SALES OF BONDS.-A bill passed the Legislature In 1904
directing the Treasurer to advertise all future sales of State bonds instead
of disposing of the same at private sale, as had been the practice for several
previous years. (V. 78, P. 1565.)
INTEREST is payable at State Treasury in Boston.
TOTAL DEBT, SINKING FUNDS. &c.
Dec. 1 1917. Dec. 1 1916. Dec. 1 1915. Dec. 1 1914.
Total funded debt_$131,151,912 $126,930,662 $125,793,412 $122,964,662
Sinking funds, &c_ 43,167,819 41,263,980 39,7,50,720
38,263,060

LEGISLATURE meets annually the first Wednesday in January, and
sessions are not limited as to length of time.
HISTORY OF DEBT.-For early history of the State debt see "State
Net debt
and City Supplement" of April 1895, page 18. The debt at present is
$87,984,093 $85,666,682 $86,042,692 $84,701,602
given in detail in the following table. All loans are payable, both prinThe above debt Is of two classes: the Direct Debt, for the payment of
cipal and interest, in gold.
which the Commonwealth is directly and entirely responsible; and the
Abolition of Grade Crossings. 3 Msg M-9
$62,000r Sept 1 1934 Nominal or Contingent Debt, for which the Commonwealth has loaned its
3 Asg M-N $4,500,000c&rNov 1'23 3s g
M'S
65,000r Sept 1 1934 credit to sundry cities and towns for various purposes, the payment of which
3sg'94-'95M-N 500,000r Nov 1 1923 314sg'05M-S
33,000r Mch 1 1935 is guaranteed by sinking funds (sufficient to pay the debt at maturity)
3I48g'98M-N 1,500,000r May 1 1928 3I4sg'05M-S
10,000r Sept 1 1935 provided by a direct annual tax on the cities and towns for which the debt
3s g '99 M-N 1,500,000r May 1 1929 3 sg'05M-S
5,000r Sept 1 1934 has been incurred. On Dec. 1 1917 these classes and the sinking funds
3I4sg'02M-N
300,000r May 1 1929 3 Asg'05M-8
1.000r Mch 1 1927 applicable thereto were as follows:
Direct Debt. Contingent Debt. Grand Total
3Iisg'07M-N
500,000r Nov 1 1936 3Iisg'07M-S
8,000r Sept 1 1918
$53,579,342 $77,572,570 $131,151,912
3I4sg'07M-N
500,000r Nov 1 1937 3 I4sg'0'7M-S
1,500r Sept 1 1921 Bonded debt
23,247,020
43,167,819
19,920,790
3Iisg'09M-N
250,000r Nov 1 1938 330 '07M-S
20,000r Sept 1 1935 Sinking funds
3s g '09 M-N
250,000r Nov 1 1938 334sg'06M-S
64,000r Mch 1 1936
Net debt
$33,658,552 554,325,541 $87,984,093
3I4sg'09M-N
500,000 Nov 1 1939 33isg'07M-S
230,000r Mch 1 1937
22,000r Sept 1 1937
759,000rNov 1'18-41 3Sisg 07M-S
3342 g M-N
ASSESSED VALUATION.--The State's assessed valuation follows:
3;is g M-S
55,000r Sept 1 1935
Total.
YearsReal Estate.
Personal Property.
Armory Bonds.
3Iisg'08-'09M-S 421,000r Mch 1 1938
$7,453,970287
1917
$3.647,134,144
‘3,806,836,143
35 g '89 M-S $830,000r Sept 1 1918 3)s g M-S
100,000r Sept 1 1938
r',283
7.574,89.)
3,889,731,586
3,685,163,697
M-S
38 g
55,000rSept 1 1920 3s g '09 M-S
5,000r Mch 1 1938 1916
6,074,281,951
2.500,599.981
3,573.681,970
35 g '92 M-S
40,000r Sept 1 1938 1915
95,000r Sept 1 1921 3s g '09 M-8
6,005,412,801
3,467,560,721
2,537,852,080
38 g '93 M'S
100,000r Sept 1 1922 3 Iisg'09M-S
100,000 Sept 1 1939 1914
5,479,279,693
2,262,565,233
3.216,714,460
3s g '94 M-S
123,000r Sept 1 1923 3 s g M-S 307.000rSept 1 '18-'41 1912
5,027,154,806
2,050.070,335
2,977,075,471
M-S
3s g
150,000r Sept 1 1925 4s '13 M-S
309,000.Sept 1'18-'42 1910
4,222,281,054
1,621,835,908
2,600,445,146
35 g
312,000r Mch 1 1927 48 '14 M-S
635,500.Sept 1'18-'43 1905
M-S
3,878,671.070
1,562,983,689
3s '02 M-S
3,000_Sept 1 1918 48 '15 M-S
181,000.Sept 1'18-'43 1900„ ,
2,613,215,137
1,013,077,330
1,600,137,807
38,000r Sept 1 1931 4s g '16 ___
33 g '02 M-S
135.000r8ept 1'18-'44 1890816,695,358
1,927.855.430
3 Ms g M-S
140,000r Sept 1 1931 42 '17 M-S
100.000Sept 1'18-'37 1880-- -------- 1,111,160.072
The larger portion of the State's revenue is derived from corporations,
35 g '02 15I-S
75,000r Mch 1 1932 5s '17 M-S
536,000Sept 1'18-'25
8.000_Mar 1 1927
3s '02 M-S
1. 1,000Sept 1'19-36 national bank stocks, savings bank and inheritance taxes. In 1917 the




JUNE, 1918.1

MASSACHUSETTS-DEBT 011 STATE

accrues to
tax assessed aggregated $19,364.624.40, of which $9,524,012.03
and towns. Of
the Commonwealth and the balance Is apportioned to cities
the total of $19,364,624.40, $571,533.49 was assessed upon street railway
companies, $2,396,875.32 upon other public service corporations. $6,932,309.33 upon domestic business corporations. $1,978,494.07 savings banks.
$1,657,625.91 national banks and $4,287,218.21 inheritances.
POPULATION OF STATE.—
472,040
1915.... 3,693,310 11890_ _2,238.943 1850_ -- 994.514 1810
737,69911800
422,846
1910 _ - _3,366,41611880 --1,783,08011840
378,787
610,408 1790
1905-3,003,635 1870.-1,457,351 1830
523,2871
1900-2,805.346 1860-1,231.066 1820
DEBT LIMITATIONS.—There seems to be no provision In the constitution of Massachusetts limiting the power of the Legislature to create
State indebtedness, or limiting its power to authorize municipal indebtedness. Statutes general and special have, however, been passed on this
spb,lect with respect to cities and towns.
'1 he latest legislation regarding the matter is known as Chapter 719 of the
Laws of 1913. approved May 26 1913. The limit of indebtedness for cities
and towns (excepting Boston) is fixed by Sections 6 and 12 of this law.
These sections follow:
Section 6. Cities and towns may incur debt, outside the limit of indebtedness prescribed in this Act, for the following purposes and payable within
the periods hereinafter specified:
(1) For temporary loans under the provisions of Sections 3, 4 or 9,
one year.
(2) For establishing or purchasing a system for supplying the inhabitants
of a city or town with water, or for the purchase of land for the protection
of a water system, or for acquiring water rights, 30 years.
(3) For the extension of water mains and for water departmental equipment, 5 years.
(4) For establishing, purchasing, extending or enlarging a gas or electric
lighting plant within the limits of a city or town, 20 years: but the indebtedness so incurred shall be limited to an amount not exceeding in a town
% of the last preceding assessed valuation of such
5% and in a city
town or city.
(5) For acquiring land for the purposes of a public playground, AS specified in Section 19 of Chapter 28 of the Revised Laws and amendments
thereJt, 30 years; but the indebtedness so incurred shall be limited to an
amount not exceeding 54 of 1% of the last preceding assessed valuation
of tue city or town.
Debts fur all of the purposes mentioned in this section snail be payable
within the periods above specified from the date of the first Issue of bonds
or notes on account thereof. and may be incurred in accordance with the
provisions of existing law except In so far as the same are inconsistent
with the provisions ef thie Act. All other debts hereafter incurred by a city
or town shall be reckoned in determining its limit of indebtedness, and debts
authorized under the provisions of this section, except for temporary loans,
may be incurred only by a vote of two-thirds of the voters present and
voting, or of two-thirds of all the members of a city council or other governing body, taken by yeas and nays, and subject to the approval of the mayor.
If such, approval is required by the charter of the city.
Section 12. Except as otherwise authorized by Section 0 of this Act
or by Chapter 634 of the Acts of the year 1913, a city shall not authorize
indebtedness to an amount exceeding 2ai %,and a town shall net authorize
indebtedness to an amount exceeding 3%,on the average of the assessors'
valuations of the taxable property for the three preceding calendar years
the valuations being first reduced by the amount of all abatements allowed
thereon previous to the last day of December of the preceding calendar year.
Chapter 634 or the Laws of 1913. referred to above, provides for the payment of outstanding demand notes and the restoration of trust funds
Cities and towns which have demand notes outstanding or which have expended town or trust funds for general expenses, were required to raise in the
tax levy of 1914 an amount necessary to redeem the notes and restore the
funds, or if to do this would impose too great a burden,they could borrow
for the purpose for a period not to exceed 15 years.
Section 5 of Chapter 719 specifies for just what purposes debts may be
incurred within the limit fixed by Section 12,and states also for what periods
such debt shall run. Sections 3.4 and 9 authorize the issuance of temporary
loans, payable in not more than one year from date, in anticipation of the
sale of bonds or notes already voted, in anticipation of the revenue of the
financial year, for the payment of any land damages or expenses of altering
grade crossings or any proportion of expense of constructing a highway in
anticipation of reimbursement by the Commonwealth. Section 8 prohibits
the sate of bonds, notes or certificates of indebtedness at less then par. However. tinder Section 10 temporary loans issued under Sections 3. 4 and 9
may he negotiated at a discount Section 13 prohibits the creation of
further sinking funds, but such funds established prior to the passage of
the Act must be continued until the debt for which'they were established
has matured. Hereafter notes shall not be made payable on demand
(Section 14) and the payment of all debt,except that incurred under Sections 3, 4 and 9, must be made by such annual installments as will extinguish the same at maturity.
Section 1 distinctly excepts Boston from the general provisions of the Act
In the following words: "Section 1. The provisions of this Act shall not.
except as is hereinafter specified apply to the city of Boston but said city
shall remeln subject to the provisions of all general and special laws applicable to it." The specific reference to Boston Is in Sect. 18, which follows:
"Section 18. Sections 53 of l'art 1 of Chapter 490 of the Acts of 1909, as
amended by Chapter 521 of the Acts of 1910. is hereby further amended by
striking out the said section and inserting in place thereof the following—
Section 53. The taxes assessed In tbe city of Bcston on property, exclusive
of the State tax and other amounts assessed upon the city by the Commonwealth, the county tax and sums required by law to be raised on account of
the city debt, shall not in any year exceed $10 55 on every $1,000 of the
average of the assessors' valuation of the taxable property therein for
the preceding three years, such valuation being first reduced by the amount
of all abatements allowed thereon previous to Dec. 31 In the year preceding said assessment. Any order or appropriation requiring a larger
assessment than is herein limited shall be void."
Sections 13 and 14 relating to sinking funds and the payment of future
loans took effect upon the passage of the Act. The other sections referred
to above became effective Jan. 1 1914. We have room here to give
only this brief outline of Chapter 719. The law in full will be found in the
"Chronicle" of Aug. 23 1913, Pages 486 to 488 inclusive.
EXEMPTION FROM TAXATION.—Clause 15. Sec. 5. Part I, Chapter
490, of the Acts of 1909. provides that the following securities shall be exempt from taxation: "Bonds or certificates of indebtedness of the Commonwealth issued since the first day of January In the year 1906, and bonds,
notes and certificates of indebtedness of any county, tire district, water
supply district, city or town in the Commonwealth which may be issued
on or after the first day of May In the year 1908, stating on their face that
they are exempt from taxation in Massachusetts."
The 1917 Legislature passed an Act (Chapter 257, Laws of 1917) exempting from taxation savings deposits when invested in bonds or certificates
of indebtedness of the United States. The Act in full follows: "Deposits
In savings banks, including such savings banks as are called institutions
for savings, deposits in the savings departments of trust companies, and
also deposits in the Massachusetts Hospital Life Insurance Company, shall
be exempt from taxation when invested in bonds or certificates of indebtedness of the United States of America."
TAXATION OF MORTGAGES.—Chapter 761, Laws of 1014. given In
full in the"Chronicle"of.' ly 18,1914 page 212• provides that a bond secured
by mortgage on tangible property located within or without the Commonwealth which is subject to taxation wherever located, and which Is there
actually taxed, shall be exempt from taxation within the Commonwealth
of Massachusetts upon registration of the same with the Tax Commissioner
and upon the payment to him of a fee of $3 per $1,000 annually.
INCOME TAX.—The 1916 Legislature passed a bill (Chapter 269
Laws of 1916) providing for a tax on incomes in accordance with a constitutional amendment adopted in Nov. 1915. See "State and City" Department" of "Chronicle" for Juno 3 1916. The law has been declared
constitutional by the State Supreme Court. V. 104, p. 2664.
SAVINGS BANK INVESTMENTS—POWER AND RESTRICTIONS.
—Investment by savings banks In Massachusetts is governed by Chap. 590
of the Acts of 1908, referred to In V. 87, p. 257, and In an editorial article
on pages 5 and 6 of the "State and City Supplement" for May 29 1909. The
law was further amended in 1009 and 1912 (see "Chronicle" of May 25 1012,
"State and City Department"), Clause "Fourteenth" was added in 191S,
t
he last two paragraphs of the section relating to street railways was added
in 1915, and in 1918 the Legislature authorized savings banks and savings
departments of trust companies in Massachusetts to invest in Farm Loan
bonds issued by Federal Land banks. and also the investment by savings
'banks in bankers' acceptances and bills of exchange. The law at present
reads as follows:




25

SECTION 68. Deposits and the income derived therefrom shall be
Invested only as follows:
FIRST—First Mortgages of Real Estate.—In first mortgages of real estate
located In this Commonwealth not to exceed 60% of the value of such real
estate; but not more than 70% of the whole amount of deposits shall be so
invested. If a loan is made on unimproved and unproductive real estate,
the amount loaned thereon shall not exceed 40% of the value of such real
estate. (For conditions that must be observed in making such loans see
law in full in V. 87. p. 257.1
SECOND—Public Funds.—(a) In the public funds of the United States
or of any of the New England States.
(b) In the bonds or notes of a county, city or town of this Commonwealth.
(c) In the bonds or notes of an incorporated district in this Commonwealth whose net indebtedness does not exceed 5% of the last preceding
valuation of the property therein for the assessment of taxes.
(d) In the bonds or notes of any city of Maine, New Hampshire, Vermont,
Rhode Island or Connecticut whose net indebtedness does not exceed 5%
of the last preceding valuation of the property therein for the assessment
of taxes; or of any county or town of said States whose net indebtedness
does not exceed 3% of such valuation; or of any incorporated water district
of said States which has within its limits more than five thousand Inhabitants, and whose bonds or notes are a direct obligation on all the taxable
property of such district and whose net indebtedness does not exceed 3%
of such valuation. Provided, that there is not included within the limits
of such water district, either wholly or in part, any city or town the bonde
or notes of which are not a legal investment.
(e) In the legally authorized bonds of the States of New York, Pennsylvania, Ohio, Indiana, Illinois. Michigan, Wisconsin, Minnesota, Missouri
and Iowa, and of the District of Columbia, and in the legally authorized
bonds for municipal purposes, and in the refunding bonds issued to take up
at maturity bonds which have been issued for other than municipal purposes, but on which the interest has been fully paid, of any city of the aforesaid States, which has at the date of such investment more than thirty
thousand inhabitants, as established by the last national or State census
or city census, certified to by the city clerk or treasurer of said city, and
taken in the same manner as a national or State census, preceding such investment, and whose net indebtedness does not exceed 5% of the valuation
of the taxable property therein, to be ascertained by the last preceding valuation of property therein for the assessment of taxes.
(f) In the legally authorized bonds of the States of California. Delaware,
Nebraska, New Jersey, Oregon and Washington, and In the legally authorized bonds for municipal purposes or in refunding bonds which have been
Issued for other than municipal purposes, but on which the interest has
been fully paid, of any city of the States of California, Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Massachusetts. Maine, Maryland,
Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey,
New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, Was
and Wisconsin, which has at the date of such investment more than
one hundred thousand inhabitants,.established in the same manner as IS
provided In:subdivision (e) of this/clause, and whose net indebtedness does
not exceed seven per cent of the valuation of the taxable property therein,
ostablished and ascertained as provided in subdivision (e) of this clause.
[The Attorney-General on April 28 1914 held that bonds of the City of
Minneapolis, Minn., were legal investments. V. 98. p. 1629.1
(g) In subdivisions (d), (e) and (f) of this clause the words "net indebtedness" mean the indebtedness of a county, city, town or district omitting
.lebts created for supplying the inhabitants with water and debts created in
anticipation of taxes to be paid within one year, and deducting the amount
of sinking funds available for the payment of the indebtedness included.
Farm Loan Bonds.—"It shall be lawful for savings banks and savings
departments of trust companies in this Commonwealth to invest in farm
loan bonds lawfully issued by Federal Land banks incorporated under the
provisions of the Act of Congress approved July 17 1916, entitled "An Act
to provide capital for agricultural development, to create standard forms
of investment based upon farm mortgage, to equalize rates of interest upon
farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United Stets.), and for other
purposes."
RAILROAD BONDS,
Massachusetts Railroads.
THIRD.—(a) In the bonds or notes, issued in accordance with the laws of
this Commonwealth, of a railroad corporation incorporated therein the railroad of which is located wholly or in part therein, which has paid in dividends
in cash an amount equal to not less than 4% per annum on all its outstanding issues of capital stock in each fiscal year for the five years next preceding
such investment, or In the first mortgage bonds of a terminal corporation
incorporated in this Commonwealth and whose property is located therein,
which is owned and operated, or the bonds of which are guaranteed as to
principal and interest, or assumed, by such railroad corporation. Any
shares of the capital stock of a railroad corporation leased to such railroad
corporation, which are owned by said lessee corporation, shall not be considered as outstanding within the meaning of this subdivision.
New England Railroads.
(b) In the bonds or assumed bonds of a railroad corporation incorporated
tunny of the New England States at least one-half of the railroad of which is
located In said States, whether such corporation is In possession of and is
operating Its own road or Is leased to another railroad corporation; provided
either that such bonds shall be secured by a first mortgage of the whole or
a part of the railroad and railroad property of such corporation or by a
refunding mortgage as described In paragraph (3) or (4) of subdivision g: or
that if the railroad and railroad property of such corporation are unincumbored by mortgage, such bonds shall be issued under the authority of one of
said States which provides by law that no such railroad corporation which
has issued bonds shall subsequently execute a mortgage upon its road, equipment and franchise or upon any of its real or personal property, without including in and securing by such mortgage all bonds previously issued and
all its pre-existing debts and liabilities, which provision, so enacted in such
State, shall have been accepted by the stockholders of such corporation;
and provided, that shell corporation has paid in dividends in cash an amount
equal to not less than 4% per annum on all its outstanding issues of capital
stock in each fiscal year for the five years next preceding such investment.
(c) In the first mortgage bonds or assumed first mortgage bonds or In
the bonds secured by a refunding mortgage as described in paragraphs (3)
or (4) of subdivision g, of a railroad corporation incorporated in any of the
New England States the railroad of which Is located wholly or in part
therein, which have been guaranteed as to principal and interest by a
railroad corporation described in subdivLsions a or b which is In possession
of and is operating its own road.
(d) No bond shall be made a legal investment by subdivision b unless
the corporation which issued or assumed such bond has, during its fiscal
year next preceding the date of such investment, paid in dividends on its
capital stock an amount equal to one-third of the total amount of interest
paid on all its direct and assumed funded indebtedness.
No bond shall be made a legal investment by subdivision c unless the
corporation which guaranteed such bond has, during its fiscal year next
preceding such investment, paid in dividends on its capital stock an amount
equal to one-third of the total amount of interest paid on all its direct,
assumed and guaranteed funded indebtedness.
Other Railroads.
(e) In the mortgage bonds, as described In any of the following subdivisions of this clause, of any railroad corporation incorporated under the
laws of any of the United States:
Provided, that during each of the ten fiscal years of such railroad corporation next preceding the date of such Investment—
ill Such railroad corporation owned in fee not less than five hundred
miles of standard-gauge railroad, exclusive of sidings, within the United
States, or If such corporation owned in fee less than five hundred miles of
such railroad, the gross earnings of such corporation, reckoned as hereinafter provided, shall have been not less than fifteen million dollars:
(2) Such railroad corporation shall have paid the matured principal and
interest of all its mortgage indebtedness:
(3) Such railroad corporation shall have paid in dividends in cash to its
stockholders an amount equal to at least four per cent upon all its outstanding capital stock.
(4) The gross earnings from the operation of the property of such railroad corporation, including therein the gross earnings of all railroads leased
and operated or controlled and operated by said corporation. and the gross
earnings from the sale of coal from mines owned or controlled by it, shall
not have been less in amount than five times the amount necessary to pay
the interest payable upon its entire outstanding indebtedness, the rentals
of all leased lines, and the interest on all the outstanding indebtedness of
railroads controlled and operated which is not owned by said corporatin
after deducting from said interest and rentals interest and dividends
received from the stocks, bonds or notes of railroad corporations not
operated by said corporation, which have been deposited with a trustee as

26

MASSACHUSETTS-DEBT OF STATE.

the only security to secure the payment of bonds or notes issued by said
corporation,but not in excess of the Interest on said last-named bonds or notes.
And further provided, that—
(5) No bonds shall be made a legal investment by subdivision g in case
the mortgage securing the same shall authorize a total issue of bonds
which, together with all outstanding prior debts of the issuing or assuming
corporation, including all bonds not issued that may legally be issued
under any of its prior mortgages or of its assumed prior mortgages, after
deducting therefrom, in case of a refunding mortgage, the bonds reserved
under the provisions of said mortgage to retire prior lien debts at maturity,
shall exceed three times the outstanding capital stock of said corporation
at the date of such investment.
(6) No bonds shall be made a legal investment by subdivision i or i in
case the mortgage securing the same shall authorize a total issue of bonds
which, added to the total debt of the guaranteeing corporation as defined
in paragraph five, including therein the authorized amount of all previously
guaranteed bond Issues, shall exceed three times the capital stock of such
guaranteeing corporation outstanding at the date of such Investment; nor
In case at said date the total debt of the corporation which issued said bonds
shall exceed three times its outstanding capital stock.
In the case of a mortgage executed prior to the passage of this Act,
under which the total amount of bonds which may be issued is not specifically stated, the amount of bonds outstanding thereunder at the date of
such investment shall be considered, for the purposes of paragraph five
and of this paragraph, as the total authorized issue.
(7) Any railroad corporation which is mentioned in subdivision c of
clause fourth of section twenfy-six of chapter one hundred and thirteen of
the Revised Laws shall be considered as having complied with all the requirements of this subdivision preceding paragraph five up to and including
the fiscal year of said corporation in which this Act is passed.
DESCRIPTION OF BONDS.
(1) Definition of First Mortgage.—Whenever the term "first mortgage"
is used in the following subdivisions, it shall mean, unless otherwise qualified, a first mortgage on not less than seventy-five per cent of the railroad
owned in fee at the date of the mortgage by the railroad corporation on
the railroad of which said mortgage is a lien, but in no case on less than
one hundred continuous miles of standard-gauge railroad, exclusive of
sidings; provided, that seventy-five per cent of the railroad subject to the
lien of said mortgage is connected;
For five years prior to the date of investment therein all the railroad
subject to the lien of said mortgage at the date of execution thereof has
been operated by, and its operations included In, the operations of the
railroad corporation which issues, assumes or guarantees said bonds:
The date of said mortgage is at least five years prior to the date of such
investment; except that a first mortgage given in substitution for and not
greater in amount than such a first mortgage, and covering the same railroad property, shall be considered to be in accordance with this requirement.
(g) Direct Obligations.—Bonds issued or assumed by a railroad corporation described in subdivision 6, which are secured by a mortgage which was
at the date thereof or is at the date of such investment—
(1) A first mortgage on railroad owned in fee by the corporation issuing
or assuming said bonds, except that, if it is not a first mortgage on seventyfive per cent of all such railroad owned in fee by said corporation, it shall be
a first mortgage on at least seventy-five per cent of the railroad subject
to the lien of said mortgage at the date thereof; but if any stocks or bonds
are deposited with the trustee of said mortgage as part security therefor,
representing or covering railroad mileage not owned in fee, the bonds secured by said mortgage shall not become legal investments unless said
corporation owns in fee at least seventy-five per cent of the total mileage
which is subject to the lien of said mortgage and which is represented or
covered by said stocks or bonds;
(2) A first mortgage, or a mortgage or trust indenture which is in effect
a first mortgage, upon all the railroad subject to the lien of said mortgage
or trust indenture, by virtue of the irrevocable pledge with the trustee
thereof of an entire issue or issues of bonds which are a first lien upon the
railroad of a railroad corporation which is owned and operated, controlled
and operated or leased and operated by the corporation issuing or assuming
said bonds;
(3) A refunding mortgage which covers at least seventy-five per cent of
the railroad owned in fee by said corporation at the date of said mortgage
and provides for the retirement of all outstanding mortgage debts which are
a prior lien upon said railroad owned in fee and covered by said refunding
mortgage at the date thereof. But if any of the bonds which said refunding
mortgage is given to refund are secured on a railroad not owned in fee by
the corporation executing said refunding mortgage, there shall be conveyed
and assigned to the trustee of said refunding mortgage either—
At least seventy-five per cent of the railroad on which each issue of bonds
to be refunded is secured, free from any mortgage lien except that of the
mortgage or mortgages securing the bonds to be refunded; or
At least seventy-five per cent of the outstanding bonds of each issue
which is secured by a mortgage lien upon such railroad; and all of said
railroad not owned in fee which is so subjected to the lien of said refunding
mortgage shall be the railroad of one or more railroad corporations which
are owned and operated, controlled and operated, or leased and operated,
by the corporation issuing or assuming said refunding mortgage bonds;
But in no case shall the bonds secured by said refunding mortgage become
a legal investment unless they mature at a later date than any bonds which
said refunding mortgage is given to refund, nor unless the total mileage
subjected to the lien of said refunding mortgage in accordance with the
requirements of this paragraph is at least twenty-five per cent greater that
the mileage covered by any one of the mortgages securing bonds which said
refunding mortgage is given to refund.
(4) A mortgage upon not less than ten per cent of the railroad, exclusive of sidings, owned in fee at the date of said mortgage by the corporation issuing or assuming said bonds, but in no case on less than five hundred
continuous miles of standard-gauge railroad; provided, that
Said mortgage is a first or second lien upon not less than seventy-five
per cent of the total railroad covered by said mortgage at the date thereof,
and which provides for the retirement of all mortgage debts which are a
prior lien upon said railroad owned in fee and covered by said mortgage,
at the date of the execution thereof;
The bonds secured by said mortgage mature at a later date than, and
cover a mileage at least twenty-five per cent greater than is covered by,
any of the bonds secured by a prior lien mortgage so to be retired;
The date of said mortgage shall be at least five years prior to the date of
such investment.
(h) Bonds Underlying Refunding Mortgages.—Mortgage bonds or bonds
secured by mortgage bonds which are a direct obligation of, or which have
been assumed, or which have been guaranteed by endorsement as to both
principal and interest by, a railroad corporation whose refunding mortgage
bonds are made a legal investment under paragraphs three or four of subdivision g; provided, that—
Said bonds are prior to and are to be refunded by such refunding mortgage;
Said refunding mortgage covers all the real property upon which the
mortgage securing said underlying bonds is a lien.
In the case of bonds so guaranteed or assumed, the corporation issuing
said bonds is owned and operated, controlled and operated, or leased and
operated, by said railroad corporation.
(1) Guaranteed Obligations.—Bonds which have been guaranteed by endorsement as to both principal and interest by a railroad corporation which
has complied with all the provisions of subdivision e: provided, that—
Said bonds are secured by a first mortgage on the railroad of a'railroad
corporation which is owned and operated, controlled and operated, or
leased and operated, by the corporation guaranteeing said bonds;
In the case of a leased railroad, the entire capital stock of which except
qualifying directors, is not owned by the lessee, the rental includes
an amount to be paid to the stockholders of said leased railroad equal to at
least four per cent per annum upon that portion of the entire capital stock
thereof outstanding which is not owned by the lessee.
(J) First mortgage bonds of a railroad corporation which during each of
its ten fiscal years next preceding the date of such investment has compiled
with all the requirements of paragraphs two, three and four of subdivision
e; provided, that said bonds are guaranteed by endorsement as to both
principal and interest by a railroad corporation which has complied with
all the requirements of subdivision e preceding paragraph five, notwithstanding that the railroad of said issuing corporation is not operated by
said guaranteeing corporation.
CORPORATION NOT TO LOSE CREDIT BY TEMPORARY DISTURBANCE OF RELATION OF GROSS EARNINGS TO FIXED CHARGES.
(k) Bonds which have been or shall become legal investments under any
of the provisions of this Act shall not be rendered illegal although the corporation issuing, assuming or guaranteeing such bonds shall rail for a period
not exceeding two successive fiscal years to comply with the requirements of
paragraph four of subdivision e; but no further Investment in the bonds




(VOL. 106.

Issued, assumed or guaranteed by said corporation shall be made during
said period. If after the expiration of said period said corporation compiles
for the following fiscal year with all the requirements of subdivision e, it
shall be regarded as having complied therewith during said period.
BONDS NOT TO BECOME ILLEGAL ON ACCOUNT OF
CONSOLIDATION.
(1) Bonds which have been or shall become legal investments under any
of the provisions of this Act shall not be rendered illegal, although the
property upon which they are secured has been or shall be conveyed to or
legally acquired by another railroad corporation, and although the corporaton which issued or assumed said bonds has been or shall be consolidated
with another railroad corporation, if the consolidated or purchasing corporation shall assume the payment of said bonds, and so long as it shall
continue to nay regularly interest or dividends, or both, upon the securities
issued against, in exchange for or to acquire the stock of the corporation
consol.dated, or the property purchased, or upon securities subsequently
issued in exchange or substitution therefor, to an amount at least equal to
4% per annum upon the capital stock outstanding at the time of such consolidation or purchase, of said corporation which issued or assumed said bond
CREDIT OF A CORPORATION NOT TO BE LOST BY
CONSOLIDATION.
(m) If a railroad corporation which has complied witn all the requirements of subdivision 6 preceding paragraph live, except that the period of
compliance is less than ten, but not less than five successive years, shall be,
or shall have been,,thereupon consolidated or merged into, or its railroad
purchased and all of the debts of such corporation assumed by, another
railroad corporation incorporated under the laws of any of the United States,
such corporation so succeeding shall be considered as having complied with
all the provisions of subdivision e preceding paragraph five during those
successive years next preceding the date of such consolidation, merger or
purchase in which all said consolidated, merged or purchased corporations,
If considered as one continuous corporation in ownership and possession,
would have so complied: provided, that said succeeding corporation shall
continue so to comply for a further period which shall make such compliance
equivalent to at least ten successive years, but which shall be in no case
less than the two fiscal years next following said consolidation, merger or
purchase.
STREET RAILWAY CORPORATIONS ARE NOT RAILROAD
CORPORATIONS.
(n) In this Act, unless the context otherwise requires, "railroad corporation" means a corporation which owns or is in possession of and operating
a railroad or railway of the class usually operated by steam power. Street
railway corporations are not railroad corporations within the meaning of
this Act.
PRESENT INVESTMENTS NOT TO BECOME ILLEGAL.
FO URTH.—The provisions of this Act shall not render illegal the investment in any mortgages of real estate held by such corporation at.the time
of its passage, nor the investment at such time or thereafter in any Issue
of bonds or notes dated prior to its passage, In which such corporation was
then authorized to invest, so long as such bonds or notes continue to comply with the requirements of law then in force.
STREET RAILWAY BONDS.
FIFTH.—In the bonds of any street railway company incorporated in
this Commonwealth the railway of which is located wholly or in part
therein, and which has earned and paid in dividends in cash an amount
equal to at least five per cent upon all its outstanding capital stock in each
of the five years last preceding the certification by the Board of Railroad
Commissioners hereinafter provided for. No such investment shall be
made unless said company appears from returns made by it to the Board of
Railroad Commissioners to have properly paid said dividends without impairment of assets or capital stock, and said board shall on or before the
fifteenth day of January in each- year certify and transmit to the Bank
Commissioner a list of such street railway companies.
Dividends paid by way of rental to stockholders of a leased street railway
company shall be deemed to have been earned and paid by said company
within the meaning of this clause, provided that said company shall have
annually earned, and properly paid in dividends in cash, without impairment of assets or capital stock, an amount equal to at least five per cent
upon all its outstanding capital stock in each of the live fiscal years next
preceding the date of the lease thereof.
If two or more street railway companies have been consoll iated by purchase or otherwise during the five years prior to said certification the payment severally from the earnings of each year of dividends equivalent in
the aggregate to a dividend of five per cent on the aggregate capital stocks
of the several companies during the years preceding such consolidation
shall be sufficient for the purpose of this Act.
Bonds which have been or shall become legal investments under the
provisions of this clause shall not, except as hereinafter provided, be
deemed to be an illegal investment by reason of the fact that the corporation
issuing such bonds shall hereafter fail or shall have heretofore failed for a
period not exceeding two successive fiscal years to earn and pay dividends in
accordance with the requirements of this clause, but no further investments
in the bonds issued by the corporation shall be made during said period.
If after the expiration of said period the corporation earns and pays or has
earned and paid dividends during the following fiscal year in accordance
with the requiremfints of this clause, it shall be regarded as having complied
therewith during said period: provided, that it shall not have so failed to
comply during any other period within the next preceding five years; and
provided, that during said period of non-compliance its annual earnings
shall have at; least been sufficient to provide for the payment of the interest
upon its outstanding indebtedness and all other fixed charges in addition
to its operating expenses. Nothing in this Act shall be interpreted as invalidating any investments in bonds now held as legal investments by
savings banks and trust companies of this Commonwealth under the provision of existing law.
The Public Service Commission shall, after the passage of this Act, certify
and transmit to the Bank Commissioner a list of any street railway companies whose bonds may be or become legal investments by virtue of' the
provisions thereof.
TELEPHONE COMPANY BONDS.
SIITH.—In the bonds of any telephone company subject to too provisions of section thirty-seven of chapter fourteen of the Revised Laws,
and of which a majority of the directors are residents of the Commonwealth:
Provided, that during each of the five fiscal years of such telephone corn
pany next preceding the date of such investment—
(1) The gross income of such telephone company shall have been not less
than ten million dollars per annum.
(2) Such telephone company shall have paid the matured principal and
interest of all its indebtedness.
(3) Such telephone company shall have paid in dividends in cash an
amount equal to not less than six per cent per annum on all its outstanding
issues of capital stock.
(4) The dividends paid on the capital stock of such telephone company
shall not have been leas than the total amount necessary to pay the interest
upon its entire outstanding indebtedness.
And further provided that such bonds shall be secured either (a) by a
first mortgage upon at least seventy-five per cent of the property of such
telephone company or (b) by the deposit with a trust company incorporated
under the laws of this Commonwealth of bonds and shares of stock of other
telephone corporations, under an indenture of trust which limits the amount
of bonds so secured to seventy-five per cent of the value of the securities
deposited as stated and determined in said indenture, and provided that
during each of the five years next preceding such investment the annual
interest and dividends paid in cash on the securities deposited have
amounted to not less than fifty per cent in excess of the annual interest on
the bonds outstanding and secured by said deposit. Not more than two
per cent of the deposits of any savings bank shall be Invested in the bonds
of telephone companies.
BANK STOCKS AND DEPOSITS IN BANKS
SEVENTH.—In the stock of a banking association located in the New
England States and incorporated under the authority of the United States,
or in the stock of a trust company Incorporated under the laws of and doing
business within this Commonwealth, but such corporation shall not hold
both by way of investment and as security for loans more than twenty per
cent of its deposits in the stock of such associations or companies, nor in any
one such association or company more than three per cent of its deposits
in, nor more than one hundred thousand dollars nor more than one-quarter
of the capital stock of, such association or company. Such corporation
may deposit not more than two and one-half per cent of its deposits in any,
banking association Incorporated under the authority of the United States

JUNE, 1918.1

MASSACHUSETTS-CITIES AND TOWNS

and located in this Commonwealth., and in any trust company Incorporated
in this Commonwealth, but such deposit shall not in any case exceed five
hundred thousand dollars nor twenty-live per cent of the capital stock and
surplus fund of such depositary.
Clause Eighth relates to loans on personal security. which are restricted
to one-third of the deposits and income. (In addition to loans authorized
by Clause Eighth, under an Act approved April 8 1910, banks may loan on
notes with a pledge as collateral of life insurance policies. V. 90. p. 1376.1
Clause Ninth concerns the amount to be invested in a bank building. Clause
Tenth deals with real estate acquired by foreclosure, and Clause Eleventh
with securities acquired in settlement of indebtedness Clause Twelfth relates to pledges of securities as collateral and provides against invalidating
the same. For the provisions of these clauses, see V. 87. p. 257. where the
law was printed in full.
SEVENTH (a) In bankers' acceptances and bills of exchange of the kinds
and maturities made eligible by law for rediscount with Federal Reserve
banks, provided the same are accepted by a bank, banking association or
trust company incorporated under the laws of the United States or of
this Commonwealth, and having its principal place of business within the
Commonwealth. Not more than 10% of the deposits and of the income
derived therefrom shall be invested by any savings bank in bankers' acceptances or bills of exchange, nor shall any savings bank invest in the
acceptances and bills of exchange eligible by law for rediscount with Federal Reserve banks of any one accepting bank or trust company to any
amount In excess of 5% of its deposits and of the income derived therefrom.
The aggregate amount of bankers' acceptances and bills of exchange of
any bank, banking association or trust company held by any savings bank
shall not exceed 20% of the paid up capital and surplus of such bank,
banking association or trust company.
LIST OF BONDS TO BE PREPARED.
THIRTEENTH.-Not later than the first day of February in each year
the Commissioner shall prepare a list of all the bonds and notes which are
then legal investments under the provisions of clauses third, fourth, fifth
and sixth. Said list shall at all times be open to public inspection and a
copy thereof shall be sent to every savings bank.
The Bank Commissioner issued a report on Jan. 20 1918, containing a list of
bands considered legal under clauses third, fourth, fifth and sixth of the above
Act. This list appeared in the Slate and City Department of the "Chronicle"
March 2 1918, pages 946 and 947.
FOURTEENTH.-Bonds which at any time hereafter have been for ten
successive years legal investments under the provisions of subdivisions
a, b, c or d of Claude 3, or Clause 6 of this section shall not be rendered illegal although the corporation issuing, assuming or guaranteeing
such bonds shall fall for a period not exceeding two succesMve years to
comply, as to dividends on its capital stock, with the requirements of the
clauses specified above: but no further Investment in the bonds issued,
assumed or guaranteed by such corporation shall be made during said period.
If after the expiration of said period, such corporation complies for the
following fiscal year with the requirements of the clauses specified above. It
shall be regarded as having complied therewith during said period; provided
that it shall not have so failed to comply during any other period within
the next preceding ten years.
[Opinion of Attorney-General Regarding Legality of N. Y. N. H. c% Hartford RR. Bonds as Savings Banks Investments.1-The Attorney-General
rendered an opinion in Feb. 1911 with reference to the Act passed by
the Legislature In June 1910 to validate bonds and stocks of the New
York New Haven & Hartford RR. Co., and for the purpose of determining
whether or not the assets were sufficient to show the road a solvent corporation. As noted in V. 92, p. 462, the report of the Commission appointed under the Act referred to was filed with the Legislature on Feb 17
1911. The Act stated that "nothing herein contained shall authorize the
Investment by savings banks in the securities aforesaid unless they are otherwise legal investments under the provisions of Chapter 590, Acts of 1909."
and the Attorney-General finds that "no matter what the finding of the
Commission appointed under the Act with reference to assets and liabilities
was, it would not in and of Itself make any change In the standing of securities for savings bank investments." See V. 92. p. 541.
CITIES, COUNTIES AND TOWNS /N THE

STATE OF MASSACHUSETTS.

•

AMESS URI%
ABLNGTON.
This town is in Essex County.
This town is In Plymouth County.
Fire-Engine-House Bonds
Incorporated in 1712.
3s
M-N $750r__May 15 1919
Water Loan.
Water-Plant Bonds.
M-N $72,000c_May 1 '23-'46
48
11,000 -.July 1 '18-'28 4s '06 J-14166,000c_July 1 '18-'35
4s '10 J-J
4s '10 J-J a23,000c_July 1 '18-'40
Bridge and Memorial Bonds.
$4,800c_July 1 '18-'21 43 '11 M-N a4,285c_May 1 '18-'2:3
J-J
334s
43j8'13 --.
4.583
School Bonds.
1918-1938
a Sewer Bonds.
34s
J-J $10.000c_July 1 '18-'22
1918-1934
48
-_ 30,000c&rJune 1'19-33 4s '12 J-J $57,600c
J-J 25,000
TOT. BD.DT. Dec 30 '17- $130,800 4s
1935-1942
J-J 21,000
3,123,454
Assessed val., real
1918-1938
School Bonds.
Assessed val., personal_ _ 557,434
3,680,888 4s '16 A-0$118.750__Oct 1 '18-'36
Total val. 1917
Chemical Auto Bonds.
Total tax (per $1,000) 1915-$25.40
J-J $3,000c
5,568 430
Pop'n 1910, 5,646; 1016
1918-1923
Bridge Bonds.
INT at First Nat. Bank. Boston.
4s '11 J-J $4,667c -1918-1919
BOND. DEBT May 1917- $484,000
ADAMS.
val., real
5,495,043
This town is in Berkshire County. Assessed
Assessed val.. personal..
1,606,199
Inc. Oct. 15 1778.
Total valuation 1917
7,101,242
Bonds.
Refunding
tax (per $1,000) 1916-$20.70
33,0'09 ___ $10,000-___Oct 3 1918 Total
1910, 9,894: 1915, 8.543
7,000- --Oct 3 1918 Population
48 '09
INT. on bonds marked (z) at Old
Bonds.
School
High _Tr. Co., Boston; (a) at First
$50,000 -Oct 3 '19-'23 Colony
4s '00
Nat. Bank, Boston.
-Street -I mpt. Bonds.
4s '11 _-- $15,000-Oct 1 '18-'20 AMHERST.
5,000____Oct 1 1921
4s '12 ___
This town is in Hampshire County.
1,500__Oct 3 r918
48 '13 ___
1769. Population 1915, 5.558
2,000_ _July 1 '18-'19 Inc.
48 '14 ___
x High-School Bonds.
5,000July 1 '18-'22 4s '15
4s '15 _
J-J J$45,000c_July 1 '17-'25
'18-'21
1
48 '15 __- f 4,000_ _July
1 40.000c_July 1 '26-'35
NO__ July 1 1922
1
Sewerage Bonds.
4s'16 ___ 21,000__May 1 '19-'25 48x'15
J-J
328.000c_July 1 '18-45
'19-'20
2,000__May 1
43s'17 ___
Town-hall bonds
$50,000
4 s'17 __4,500-,May 1 '19-'27 Refunding loan
8,000
43,s'17 _ _ 18,000....May 1 '19-'27 Sewer
loan
10,000
TOT. BD.
- DT. Jan 1 '18- $145,500 Conn. River
sewer
loan
38,000
Sinking fund
39,845 Conn River bridge loan
6,480
NET DEBT Jan 1 1918.- 85,654 Refunding school loan
9.600
Assessed val. real
4,318,150 BOND. DEBT Dec 31
'16 *236.0c0
Assess. val. personal
2,826,221 Assessed val., real
4,848,235
Total assess. val. 1917---7,144,371 Assessed val., personal
1.411.073
Population 1915
13,218 Total val. 1917
6,259,308
INT. on bonds of 1016 payable at Total tax (per $1.000) 1916-319.50
the Old Colony Trust Co. of Boston. z INT.at First Nat. Bank,Boston;
on others in Amherst.
AGAWAM.
* Of this amount $46.086.90 LS
This town is In Hampden County. held by Sinking Fund.
Incorporated in 1855.
448'17
25,000c_Oct 1 '18-'42 ANDOVER.
This town is in Essex Co. Inc.
$25,000
__s
Water Loan.
May 6 1646. Pop'n 1915, 7.978.
37,000L Jan 1 '19-'25
School Bonds.
45
4s_ 25,000c_ Oct 1 '18-'42 4s '16 A-0 $95,000c_Oct 1 '18-'36
44s'17 F-A 10,000__Aug 1 '18-'27
a
uSchoLoan.
$10,0000_July 1 '18-'22
Sewer Bonds,
J-D $30,000c_ _June 1 1928
48 '16 J-J *17,000c_July 1 '18-'34 48
43s'17 M-S 15,000 __Sept '18-'32 43 '09 A 0 10.000c_ __Apr 11919
of 1913 Bonds. 45 '15 J-J 50,000__July 1 '18-'27
Water Loan Act.-15.000__ _July '28-'30
4s
J-J 1186.000c-July 1 '18-'43 4:4 '16
Water--Bonds.
Sewer Bonds.
M-N $20,000c..Nov 1 '18-'20
48 '16 J-D*326,000c..Dec 1 '18-'43 4s
J-D 20,000c_June 1 '22-'23
GEN. BD. DT. Jan 1 '18_ $211,000 4s
J-D 15,000c_ __June 1 1925
Floating debt
5,000 4s
J-D
Water debt (incl.)
132,000 48
5,000c_June 1 1928
Assessed val., real
A-0 14,000c-Apr 1 '19-'32
3.409,10 348
Assessed val., personal......_ 624,827 3 48'08 J-D 30.000c_June 1 '19-'33
Total val. 1917
4,034,017 4s '10 A-0 23.000c_Apr 1 '19-'35
M-8 14,000c_Sepr 1 '19-'21
Tax rate (per $1,000) 1916-$21.20 4s
Population 1910, 3,501: 1915, 4,501 4s '14 M-N 6,000c_ May 1 '19-'24
*INT.at Old Colony Tr. Co., Bost. 4s '16 --8,000c_July 1918-21




Loan Bonds.
43
$15,000__Nov 1 '18-'20
BOND. DEBT Apr 1918-- $384,000
Sinking fund and cash_ ___ 58.715
Other assets
83.250
Assessed val., real
6,228.600
Assessed val., personal
1,588.660
Total valuation 1917
7,817,260
Tax rate (per $1,000) 1917 -20.50
Value town property__ _1,233,063
INT. on the water 34s of 1908 at
Old Colony Trust Co., Boston; other
loans at Nat. Shawmut Bk., Boston.

07

Fire-Engine-Station Bonds.
Is '10 M-N $7.600c__May 1 '19-'20
School Bonds.
IM8'00 M-N $30.000_ _ __Nov 1 1920
Is '12 F-A 130.313-_Aug 1 '18-'32
Sewer Bonds.
45 '10 J-J $5,155e__July 1
48
J4 50,000__July 1 '25-32
Is '11 A-0.f 16,000--_Oct 1 '18-'21
1 60.000 __Oct 1 '22-'41
48 '10 J-J
50.000c_July 1 '32-'40
Is '12 J-J 125,000c_July 1 '18-'42
33.400__July 1 '18238
13
4P'
TOTAL DEBT Jan 1 '1841,248,900
Tax notes (incl.) May 1'18 100,000
Sinking funds Jan 1 191718.999
Water debt (incl. above),
May 1 1917
586,500
Water sinking fund (incl. ,
May 1 1917
148,852
Assessed val'n, real
14,277,835
Assessed vain', personal 6,206,955
Total valuation 191720,484,'790
Total tax (per $1,000) 1916-419.80
Population 1910, 16,215; 1915.18.480
INTEREST at Boston Safe Deposit
& Trust Co., Boston, First Nat. Bk.
Old Colony Trust Co., Boston, and
Commonwealth Tr. Co. of Boston.

ARLINGTON.
This town is in Middlesex County
Incorporated by Act of Feb. 27 1807,
effective June 1807.
$48,000
Playground Loan.
43 '14 J-D $1,000June 30 1918
Land Takings for Munic. Pun,.
4s '13 M-N $50(L__ _Nov 1 1919
Water Works.
4s '92 J-J $92,000c_ __Jan 1 1922
48 '94 A-0 92,000c-Apr 1 1924
48 '96 A-0 5,0000_ -_Oct 1 1926
4s '98 A-0 15,000c.....Oct 1 1928
48 '97 A-0 10,000c_ __Oct 1 1927
43 '95 A-0 10,000c. __Oct 1 1925 AYER.
4s '05 J-D
1,000___Dec 15 1918
This town is in Middlesex County.
4s '07 J-D
3,000-- _ Dec 1 '18-'20 Incorporated in 1871.
48 '08 J-D
2,000__Dec 31 '18-'19
Water Bonds.
4s '09 J-D
500___ _June 1 1919 4s
M'S $25,000
1928-1936
4s '10 J-D
8,000_Dec 1 '18-'25
($5.000 biennially.)
413 '12 J-1)
5.1100__Dec 2 '1822 4.Water Notes.
4Xs'13 J-D
2,000_ __June 30 1918
M-8 $16.000__Feb 1 '19-'26
4s '14 M-N 4.000__Nov 1 '18-'19
Park Notes.
4s'15 J-D
6,000_ _Dec l'18-'20 4s
--- $2,500
4s '16 J-D
6.000-June 30 '19-'21
School Notes.
4s '17 J-D
8,000_Dec 15 '18-'21 4s
$5.000„ _Oct 1 '18-'22
Park Loan.
Bonds.
4s '96 M-N 315,000c..._Nov 1 1946 43 Bridge
S2.500-.Nov 1
4Ms'14 M-N 3,500__Nov 1 '18-'24 GEN. DEBT Jan 1 1918_ $12,500
Sewer Bonds.
debt
5,000
4s '96 J-D$100,000c....June 1 1936 Floating
41,000
Water debt (additional)
48 '03 J-D 10,500 ___Dec 31 1923 Assess.
val, real estate_ _ _ _2,000,805
4s
J-D
2,000c___Dec 1 1918 Asses-8. val. personal
444,149
4s'16 J-D 10,000-Dec 15'18-'22 Total val. '17(% act.)___ _2,444,954
4s '17 J-D 18,000__June 1 '19-'27 Tax rate (per $1,000) 1917__ -$21.00
Highway Loans.
Pop'n 1915, 2,779:1917 (est.), 3,160
43is'14 M-N $7,000__Nov 1 '18-'24
4s '14 M-N 5,000__Nov 1 '18-'22
COUNTY.
BARNSTABLE
4s '15 J-D
5,000-June 1 '19-'20
The county seat is Barnstable.
4s '15 J-D 14,000_Dee 1 '18-'19
Court-House Notes.
1,500__Dec 1 1920
A-0 $8,000___Oct 1 '18-'21
48 '16 J-D
2,000__Dec 1 '18-'19 3Ms
Infirmary Bonds.
4.9 '16 J-D 14,000_Dec 15 '18-'19
M-N$45,000__Dec
1 '18-'26
48
'16
11,000___Dee 15 1920
4s '17 J-D
7,500.._June 1 '19-'21 48 '16 A-0 25,000_Apr 20 '19-'26
4s '17 J-D 10,000_Dec 15 '18-21 BOND. DEBT Dec 31 '17 $78.000
12,974
Floating debt
Town-Hall-Site Loan.
48'99 A-0 $52,000c_ --Apr 1 1939 Assessed valuation. real30,9i4.664
Assessed val. personal
_5,767,281
School Loans.
4s '99 A-0 $1,450c_ _ _April 1919 Total valuation 1917-.36,681.945
27,542
4s '04 J-J
4,000c_July 1 '18-'21 Population in 1915
48 '08 J-D 22,500c_Dec 31 '18-'26
48 '10 J-D 24,000c_Dec 1 '18-'25 BELMONT.
4Ms'14M-N f 150.000
1918-1932
This town (P. 0. Boston) is in
1933 Middlesex County. Incorp. In 1859.
l 6.000
45 '14 J-J 5 4,000__Jan 1 '19-'20
School-House Bonds.
113,000...Jan 1 '21-'33 Is '04 A-0 $7,000c....Oct 1
43 '15 J-D
9.000_June 15 '18-'26 3548
J-D 10.000c_June '19-'23
45 '15 J-D 16.000_June 15'19-'33 4s '08 J-J
5,000c_July 1 '18-'22
4s '10 J-D
2.000c_July 1 '18-'21
1,500__Dec 1 '18-'20 4s '11 J-J
BOND. DEBT May 1 '17 $401,500 4s '13 J-D 48,000c.Dec 1 '18-'33
Floating debt Apr 1918.... 401,900 4I-4s
A-0 3.000c.-Oct 1 '18-'20
Sinking fund Apr 1918.._- 152,076 434s
1.500___July '18-20
J-J
Borrowing carc.Apr.'18_
158,384 Is '16 J-J 524,000c_Jan 1 '19-'26
120.000c_Jan 1 '27-'36
Assessed val. Real
17,613,295
Personal _ __ 1,668,117 4s '17 A-0 4,000c_ -Apr 1 '19-'26
1917
Total valuation 1917__19,281,412
High-School Loan.
Tax rate (per $1,000 1917_ - _ -$25.50 Is '16 A-0$130,000c_Apr 1 '19-'36
Pop'n 1910, 11,187; 1915, 14.889
Street Loans.
INT.at Beacon Trust Co.. Boston 48 ,15 A-0 $4,1100c_Apr 1 '19-'20
4s '16 A-0 6,600__Apr 1919-'21
43s'17 A'0 j3,000c_Apr 1 '19-21
ATHOL.
13,000c_Apr 1 '22-'27
This town is situated In Worcester
Gravel Bank Loan,
County. Incorp. Mob. 6 1762.
$500_ _ _ _Oct 1 1918
44s
A-0
Sewer Dept. Debt.
Water Loans.
_s
$110,200
4s
F-A $8,000c. __Aug 1 1925
Permanent Improv't Loan.
6,000c-July 1 1926
Is
J-J
1750e_ _Oct 1 '17-1.8 4s
A-0
414s
5,000c. ..Dec 1 1926
J-D
Water Bds.(outside debt limit) Is
J-I)
7.000c. -.June 1 1929
$99,000c ___ _1918-1926 4s '09 A-0 10.0000.... Apr 1 1939
4s
___ 1190,000c ____1927-1936 434 3'1 3 _ . 12.500c_ _Apr 1 '19-'43
5,000c
_ _1937-1941
Electric-Light Bonds.
School Loans.
$500c__ _ _Oct 1 1918
43.s
A-0
A-0 $16,000c -1918-1925 4s
48
A-0 2,500c__Apr 1 '19-'23
4s.g '15 J-J 38.500c_Oct 1 1.8-'24 43
J-D 14,0000_ __June 1 1928
_s
1918-1920 48 '15 A-0 3.000c_Apr I•1f3-'23
15,000
_s
___ 24,000
1918-1921 4s '16
5,500__Sept 1 '18-'28
_
Highway Loan.
_-Loan.
_s
1918-1925 IsSewerM-N
--- $8,000
$18,000o.. .Nov 1 1924
GEN.BD.DT.Dec 31 '17- $506,450 Is
J-J
9,000c_ __July 1 1926
Water debt (included
294,000 48
•J-D
6.000c.. ..June 1 1927
Sinking fund (sewer)
70,393 3 4s
J-D 20,0000-Jane 2 1932
Assess. val., real
4,937,900 3 kis
A-0 10,000c_ _.Oct 2 1930
Assess val., personal
2,144,610 Is '07 M'S 10,000c_ __Itch 1 1937
Total val.'17( to2-3act.)_7082,510 Is '08 J-D 10,000c_ -.June 1 1938
Total tax rate (per $1,000)'14 $24.50 Is '11 J-D 10.000c_ _ -June 1 1941
Population 1910, 8.536: 1915, 9.7ss 48 '12 F-A 10,000c___Feb 1 1943
J-J
3,500___July '18-'24
INT.in Boston at Commonwealth Is
9.000c_July 1 '19-'35
Trust Co., Harris, Forbes & Co.. 4s '15 J-J
Inc., and Old Colony Trust Co.
Is '16 A-0 9,000c_Apr 1 '19 '36
4,500__Sept 1 '18-'26
4.8 '16
43s'17 F-A 12 000c_Aug 1 '18-'29
ATTLEBORO.
3,500c_Aug 1 '18-'24
This town is in Bristol County 44s'17 F-A
Incorporated Oct. 19 1694.
Surface Drainage Bonds.
Chap. 680, Laws 1914, changing Is '15 A-0 $3.500c_Apr 1 '19-'25
town government to city government
Police-Signal Bonds.
and name "Attleborough" to "Attie- 4s '17 A-0 36,000_ __Apr 1 '19-'22
boro," accepted by voters Nov.3'14
Fire Department Bonds.
44s'17 F-A $1,000__Aug 1 '18-'19
Water Bonds
43
J-J $20,000c___Jan 1 1919 TOTAL DEBT Apr!'18.. $500,500
225.500
4s
A-0 25.0000
Oct 1 1922 itoods outside limit
75,000c&rJuly1'23-'24 Sinking'General
$42,870
4s
J-J
fund 1Water
18,532
4s
J-J 35,000c __July 1'26-27
J-J
13,000c_ __July 1 1928 Borrow. capa,c. Aug 1 '16_
51,000
43
3 WI g J-J
L0,917.676
12,000r __July 1'29-'30 Assessed val., real
3 48 g
877,788
10,0000_ _Jan 1 1921 Assessed val., personal
3 4s
A-0 20,000c_ ...Apr 1 1921 Total valuation 1917
11,795.464
3 4s
A-0 30,000c_ -.Apr 1 1932 Total tax (per $1,000) 1917 ---$20.00
48
A-0 30,000e.-Oct 1 1933 Population 1910, 5.542: 1915. 8,081
INT at BPACOO Trust Co.. Boston.
4s '04 A-0 20,0000_ __Oct 1 1934
3 48'05 M-S 100,0000_ -Mch 1 1935
314s'05 M-N 50,000c. _Nov 11935 BEVERLY.
This city is In Essex County.
4s '08 A-0 32.000c_Apr 1 '19-'34
48
J-J
1,500c___July 11910 Founded 1626; a town, 1668; In4s '10 J-J
1,000c_ _ _Jan 1 1919 corporated as a city May 23 1894.
43 '11 J-J
73.500o_Juiv 1
Library Bonds.
48
--- 14,000_ _July 1 '18-'30 45 '11 i-i) $24.000c_ Dec 1 '18-'21
School-House Notes.
1 50.000c_ Dec 1 '22-'31
4s '09 M-N $5.000 _ _ _ _May 1 1919 4s'15 A-0 21.000c..Apr 1 '19-'25

28

MASSACHUSETTS-CITIES AND TOWNS.

[VoL. 106.

$36.000._Oct '18-'29
45
J-J
$500.000—Jan 1921 4s '10 34 31.334,000_July '18-'30 4.9 '16 -__
BEVERLY (Concluded)
20,000._ Oct '18-'27
230,000_July '18-40 43 '16 --_
38
A-0
173,000-_-Apr 1921 48 '10 J-J
School Loans.
12,000__Oct '18-'21
'18-'24
J161,000_July
48
'16
--45
'10
3-3
45
700,000__
_June
1921
J-D
4s '02 A-0 $11,500c__Oct 1 '18-'21
1352.000_ July '25-'40 4s '16 -__ f 502,000__Oct '18-'35
J-J
509,600-__July 1921
5,000_ _ _ _July 1 1918 33.4s
3Ms'03 J-J
1
29.000..._Oct
1936
'18-'19
J4
3,000-July
_July
1921
4s
'10
J-J
650,000__
48
'19-'21
13,000—July
1
4s '03 J-J
475,000—Nov '18-'36
22,000_July '20-'30 310'16 _-A-0
250.000-__Oct 1921
4s '05 M-N 53.500c_May 1 19-'26 3s
22,000_July '18-'28 45'17 M-Nl.360,000_ _May 1 '19-'37
J-J
250.000.,..,Jan 1922 4.8 '10 J-J
3Ms'09 M-N 2,000c___May 1 1919 334s
1,000___July 1929 4s'17 M-N 50.000_ _May 1 '19-'28
34
340,550-_-Jan 1922
4 hs'07 M-N 3.330c_May 1 '19-'20 3s
Water Debt—Cochituate Water
19,050_July '18-'20
A-0
200.000---Apr 1922 48 '10 J-J
48 '10 F-A 52,000c_Aug 1 '18-'30 48
115.000July
'18-'20 48 88 A-0 $95,000__Oct 1 1918
45
'10
J-J
J-D
1,339,000_—June
1922
33.4s
8.0000_Deo
1
'18-'21
4s '11 J-D
160.000__Apr 1 1919
130.000July '21-'30 4s '89 A-0
400,000.._ _July 1922
34
4s '12 M-N 75,000c_Nov 1 '18-'32 48
102,000_ _Oct 1 1919
4,000July '18-'21 4$ '89 A-0
171.400._ _Oct 1922 48 '10 J-J
A-0
4s '12 M-N 5.000c_Nov 1 '18-'22 334s
45
32,000_ _Oct 1 1920
'89
A-0
'18-'19
'10
J-J
1,000_July
4s
301.000__
_Oct
1922
48
A-0
Town Loans.
53,000_ _Oct 1 1920
{ 6,000_July '18-'20 48 '90 A-0
412,000___Jan 1923
J-J
M-N $5,000c_ _Nov 23 1918 48
6s
136,000__Oct 1 1921
7,000_Juiv '21-'27 4s '89 A-0
762,500___Jan 1923 48 '10 J-J
34
33.4s
Water Loans.
1,000__Jan 1 1922
_July
1928
500._
33.4s
A-0
100.000__
_Apr
1923
$9.000c_July 1 '18-'24
48 '03 J-J
75.000__Apr 1 1922
4s
s :92
92 373
A-0
14,000_ _Jan '19-'25 4
J-D
863.000-__June 1923 330'11 3-3
3 Ms'05 A-0 21,000c --Oct 1 '18-28 334s
24,000_ _Jan '19-'21 45 '89 A-0 165,000_0ct 1 1922
J-J
500.000--.July 1923 330'11 J-J
10,000c_-Oct 1 '18-22 4
5,000__Oct 1 1923
64.000__Jan '19-'26 4s '89 A-0
A-0
775,000.... Oct 1923 48 '11 34
1 1 000c_ __Oct 1 1928 4s
4s '05 A-0 ,
350._Oct 1 1923
39.000_ _Jan '19-'31 48 '93 A-0
A-0
35,000___Oct 1923 48 '11 J-J
4.000c_ _Oct 1 '29-'3() 33.4s
A-0
419.000—Oct
1 1924
4a
'93
J-J
3r11
55,000_
_Jan
'19-'29
Jan
45
J-J
99,000_..
1924
4.000_July 15 '18-'19
43is'14 34
100,000_July 1 1918
36,000_July '18-'26 334888 3-J
J-J
386.800_ _ _ Jan 1924 3 8'11 J-J
45 '15 J-D i 4,000__June 1 '19-'20 334s
81,400__Nov 1919
8.000_July '18-'21 334s'89 M-N
J-D
483,000__ _June 1921 3 s'll J-J
1,000___ _June 1 1921 330
2.000_Oct 1 1919
J-J
100,000- _ _July 1924 4s '11 M-N 700,000_Nov '18-'31 334s'89 A.-0
4s '15 A-0 21,000c_Apr 1 '19-'25 48
18,000—Jan
1920
A-0 1,100.000___Oct 1924 48 '11 M-N 190.000_Nov '18-'36 3 s 89 J-J
20,000c_Apr 1 '26-'35 48
50.000...Jan
1920
52.000_Nov '19-'31 3M890 34
4s
J-J 1.039.500___Jan 1925 4s '11 M-N
Sewer Loans.
33.4899
87.000__July
1
1929
112,000.Nov
'18-'21
..Apr
M-N
48
A-0
48
'11
50,000...
1925
45 '93 J-J $80000-July 1 '18-'19
Hyde Park Water Debt.
120,000_Nov '22-'31
A-0
208,000___Oct 1925
4s '00 J-J 32,0000_July 1 '18-'25 33js
90.000.
-Nov '18-'26 45 '10 A-0$352.000c_Apr 18'19-'40
J-D 1,077,000-_-Dec 1925 48 '11 M-N
48 '03 A-0 124,000c_Apr 1 '19-'24 33.4s
24,500_ __Jan 1926 4s '11 M-N 312.000.Nov '18-'41 4.Other Hyde Park Debt.
34
120,0000_Apr 1 '25-'34 33.4s
A-0
$10.000___May 1919
J-D
106,000___June 1926 48 ,11 M-N 211.200_Nov '18-'21
4s '06 A-0 j91,000c_Apr 1 '19-'31 33is
A-0
72.000-May '20-'27
63.750_ _ Oct '18-'32 48
J-J
661,300___July 1926 4s'12 A-0
125.0000_Apr 1 '32-'36 4s
A-0
8,000-May '28-'29
40,000__Oct '18-'21 48
A-0
24,000..__Oct 1926 48 '12 A-0
4 Ms'07 A-0 10.000.3_0ot 1 '18-'22 334s
A-0
6,000_May '30-'31
5,000_ _ _Oct 1922 4s
4,350__Dec 1926
J-D
4s '08 M-S 5,000c___Sept 1 1918 33a
48
J-J
4,000_July
f
1918
30,000._Oct
'18-'22
49
'12
A-0
3-i
1,025,250__
_Jan
1927
J-J
33.4
'18-'22
48 '11 J-J 20.000c_July 1
34
19,000.
-July '19-'21
40,000_ _Oct '23-'32 48
A-0
33,000_ _Apr 1927
4s '12 ___ 118,000__Dec 1 '18-'19 48
A-0
12,500Oct '18-'19
240,000__Oct '18-'27 48
958.700___July 1927 4s '12 A-C)
J-J
196,000—Dec 1 '18-'35 48
J-J
14,500__Jan '19-'27
270,000_0ct '18-'32 48
45
A-0
50,000- _-Oct 1927 48 '12 A-0
Park Loan.
34
550—Jan 1919
628.800__Oct '18-'37 4348
J-J 2,200,000 ....Jan 1928 48 '12 A-0
4s '96 34 $4,000_ __ _July'20-'21 33.4s
Suffolk
County
Court House.
48
1.276.875.Jan
'19-'33
'13
J-J
A-0
50,000___Apr
1928
334s
.,.,..July
3,000
'18-'20
4s '06 J-J
A-0
$306,000-_Oct
30,000__Oct
'18-'20
'19-'35
48
13
A-0
49
A-0
17,000-Apr
1928
48 '12 M-N 18.000c_Dec 1 '18-'26
A-0
700.000.._ _Oct 1918
38
4.000_0ct '18-'19 48
48
J-D 1,381,000__ _June 1928 40 '13 A-0
Dredging Loans.
800,000_
_
_Oct
A-0
1919
8,000-..Oct
'18-'21
3548
505,000___July
1928
4$
J-J
3345
48 '03 M-N$11,000c_Nov 1 '19-'22
.14
406.000.__July 1922
14.000__Oct '18-'24 45
A-0
13 A-43
334s
A-0 1.131.000___Oct 1928 4s'13
Bath-House Bonds.
75.000___Oct 1923
A-0
27.000__Oct '18-'23 48
650—.Jan. 1929 4s '13 A-0
34
4s '16 A-0f$9.000c_ __Apr 1 '19-'21 334s
40,000__July 1924
118.000__Oct '18-'23 48
J-J
A-0 1.445,800—Apr 1929 48 '13 A-0
110,000c_ __ Apr 1 '22-'26 3345
A-0
800,000___Apr 1937
120,000_ _Oct '24-'33 334s
3345
34 1.574.000—July 1929
Playground Bonds.
3-3
100.000___July
1938
3548
A-0
1,500_
_Oct
1918
4s'13
A-0
300,000..__Oct
1929
33.6s
4s '10 34 $3,000 --July 1 '18-20 334s , 34 1,627,000___Jan • 1930 434s'13 M-N 840,000_Nov '18-'38
Suffolk Co.Pow.& Heat. Plant.
Street Loans.
1918
-Nov '18-'28 48 '17 ___
A-0 109.000___Apr 1930 4Ms'13 M-N I 99,000.
40 '03 J-J $18,000c_July 1 '18-'23 334s
36,000___1919-1927
1 40.000.
-Nov '29-'33
34
179,200___July 1930
48 '08 A-0 3,000c_ _ _ _Oct 1 1918 38
99,000..Nov '18-'28 RECAPITULA ION OF THE OB34 1.628,000--July 1930 4315'13 MN
334s
48 '12 J-D 10.000c_Dec 1 '18-'19 38
JECTS FOR WHICH THE OUTA-0
278,350_0ct 1930 43.48'13 M-N i 48,000_Nov '18-'23
48 '14 J-J .25,000cJuly 15 '18-'22 38
STANDING FUNDED DEBT
, 35,000_Nov '24-'28
.14
255,000..2Jan 1931
4,0000__July 15 1923
WAS CONTRACTED.
14.000_Nov
1918
300.000___Apor 1931 4348'13 M-N
A-0
gle '15 M-N124,000-May 1 '19-'24 38
City Debt.
180.000_Nov '19-'33
J-J 1,850,000__July 1931
2,000_ -_ _May 1 1925 3345
Bath
houses. gymna'18-'33
Ma'13
M-N
588,700_Nov
38
A-0
338.000___Oct
4
1931
3jis'16 M-S 30.000c_Mar 1 '19-'21 38
sia, &c
$435,500 00
.14
582.000___Jan 1932 43s'13 M-N 1225,000.Nov '17-'31
TOT.BD. DT. Apr 1918_ $964,500 38
A-0
1 28.000_Nov '32-'33 Bridges, miscellaneous 1,508,716 66
56,300_-_Apr 1932
Assessed val., real
27,220,725
1,352,900 00
J-D 3,174,000___June 1932 4s' 14 J-J
35,000 __Jan '19-25 Cambridge bridge..
Assessed val., personal__ _ 6,546.589 334s
1,500,000 00
34
10,000___July 1932 4s'14 A-0
28.000_ _Apr '19-'25 Charlestown bridge
Total valuation 1917
33,767,312 3348
373,200 00
A-0
14,000July '18-'24 Ferries
55,001_-_Oct 1932 48 '14 J-J
Borrowing capacity
492,598 33.48
643,000 00
1918 High-press.fireservice
34
1,000_July
983,000—Dec 1932 48 '14 J-J
Tax rate (per $1,000) 1917..$18.80 334s
1,045,700 00
5.000_July '18-'22 Miscellaneous
J-J
30.000—Jan 1933 48 '14 J-J
334q
Pop'n 1910, 18,650; 1915, 22,959
J-D 1,500,000___June 1933 4s '14 J-J 2,159,000July '18-'34 Public buildings, excl.
INT, on sewer bonds of 1908 334s
of schoolhouses
6,547,332 46
J-J 1.800,000—Jan 1934 48 '14 J-J
880.000July '18-'39
and 1911 and all issues since 1911 3348
2,319,560 98
J-D
276.000July '18-'29 Playgrounds
900,000..__Jnne 1934 48 '14 J-3
(except 1915) Is payable at Old 34s
Public
parks
12,369,050
00
60,000___Oct
A-0
114,000July
'18-'19
1934
48
'14
J-J
48
Colony Tr. Co., Boston; 1915 issues 33.48
145,000 00
A-0
190.000_July '20-'34 Public grounds, &c
100,000__Oct 1934
payable at Commonwealth Tr. Co.. 3;is
J-J
741,500._ _Jan 1935 4s '14 J-J
39,000_July '18-'30 Schoolhouses & sites_ 16,215,000 00
Boston; on other loans at First Nat. 48
A-0 1.000,000___Apr 1935 49 '14 A-0
34,001L.
-Oct '18-'34 Sewers. miscellaneous 12,110,860 00
Baltic, Boston.
45
7.000.._Jan '19-26 Bennington St. sewer
J-J 1,500.000_--July 1935 48 '15 J-3
datnages
73,800 00
120.000__.Tan
'19-'30
3348
819
.000_
_J
uly
1935
4s
'15
J-J
J-J
BILLERICA.
840,000 00
9,500___Oct 1935 4s '15 34 I 75.000_ _Jan '19-'23 Charles River basin
A-0
This town is In Middlesex County 3348
313,000 00
A-0
10.000___Oct 1935
I 168,000__Jan '24-'35 Improved sewerage
Inc. 1655. Population 1915, 3,246 4s
nis
J-D 1,338,000.__Dec 1935 48 '15 J-J
340,000._Jan '19-'35 Separate systems of
Town-Hall Bonds.
7,006,000 00
drainage
J-J
304,500_ _ _ Jan 1936 4s'16 A-0
14.000_ _Oct '18-'24
48
A-0 $30.000o......Apr 1 1919 3348
701,919 79
500,000.. Apr 1936 4s '15 J-J
9,000_ _Jan '19-'27 Stony Brook
A-0
334s
Bridge Bonds.
Miscellaneous streets_ 8,175,490 11
J-D
48
170,000_-June
1936
'15
A-0
920.000rOct
1
'18-'40
334s
48 '10 F-A 32,000o_Aug 2 '18-'19 48
J-J 2.761.000_July 1936 48 '15 A-0
400,000rOet 1 '18-33 Highways, making of 11,760,001 00
3Ss
Aug
2,000r -- -.1918-1919 48
A-0
100,000__ _Oct 1936 48 '15 A-0
271,000rOct 1 '18-'35 Blue Hill & oth. aye's 2,162,000 00
48 Water Bonds
120,000 00
A-0 1,500.000___Oct 1936 48 '15 J-J
334s
10.000_July '18-'27 Street lighting equip_
M-N 090,000c_ _May 1 1928 33.4s
4,416,000 00
618,000__Jan 1937 48 '15 J-J
9,000.
-July '18-'20 Rapid transit
J-J
-s
--- 63.480
1918-1940 4.8
Cambridge connect. 1,465,000 00
A-0
352,050_ _Apr 19:37 4s '16 ___
34.000._Jan
Jan '19-35
School Bonds.
Dorchester tunnel_ 10,150,000 00
48
34 1.710,600—July 1937 4s '16 J-J
38,070__Jan '19-'27
_s
1918-1929 3548
--- $34,000
East Boston tunnel 3,283,000 00
J-J 1,584,000—July 1937 4s'16 J-J
10,000.._Jan '19-'23
3348
Apr 25.000c—Aoril 1921 48
East Boston tunnel
A-0
_Oct
48
4,350.1937
'16
J-J
10.600__Jan
'19-'22
BOND.DEBT,Jan 1 1918_ $304,000
extension
2,450,000 00
J-D
9,000___Dec 1937 4s'16 34
117,000_ _Jan '19-'38
Floating debt------------83,000 48
600,000___Jan 1938 4s '16 J-J
8,000_ _Jan '19-'26 Boston tunnel & sub_ 8,448,700 00
3548
J-J
Sinking fund_ ...........- 208 588 334s
A-0
4s '16 ___
22.000_July '18-'28 Boylston St. subway_ 5,005,000 00
200,000_-_Apr
1938
Assessed val., real
4,821,170 48
142,550 00
J-D 1.055,000__June 1938 49'16--11.000 — 1918-1928 Hyde Park town debt
Assessed val., personal_ __ _1,203,871 334s
34
200,000__July 1938 4s '16 ___
Water Debt.
9.000_1918-1926
Total valuation 1917
6,025.041 48
737,350 00
A-0
8,900_-_Oct 1938 48 '16 J-D
920.000rJune 1'19-41 Addl supply of water
Tax rate (per $1.000) 1917.._ 324.50 33.4s
595,400 00
A-0
50,000..__Oct 1938 4s '16 J-D
427,500rJune 1'19,36 Exton. of mains. &c
INT. payable in Boston on water 3348
125,000 00
A-0 1.083,000—_Apr 1939 4s '16 J-D J 144.000rJune 1'19-26 High service
bonds at Old Colony Trust Co. and 334s
34
650.000_-_July 1939
368,000 00
1 170,000rJune 1'27-36 Hyde Park water debt
on town-hall bonds at Mercantile 3348
County Debt,
400.000__Jan 1940 4s '16 J-D
270,000rJune 1'19-36
34
Trust Co.: on bridge 33.s in Lowell. 334s
J-J
250.000—July 1940 4s'16 J-D I 12,000rJune 1'19-20 Suffolk Co.courthouse x3,684,333 35
38
A-0
250,000_-_Oct 1941
1 96,000rJune 1'21-36
BOSTON.—Andrew J. Peters, May- 38
Total city and co.
J-J
206,000_-_Jan 1942 4s '16 J-D
72,000atme 1'19-36
or; Thos. W. Murray, City Treas.; 334s
J-D
150,000rJune 1'19-33
debt(Apr.30'18)$128.598.364 35
700,000_-_June 1942 48 '16 J-D
J. Alfred Mitchell, City Auditor. 334s
34
*3200,000 of this amount trans300,000_-_Jan 1943 48.16 J-D
56,000rJune 1 19-25
City was incorporated Feb.23 1822 35-4s
J-D 1,500.000—June 1943
77.000rJune 1'26-36 ferred to sewer division under ChapOn Nov.2 1909 a charter amendment 334s
34
50,000—_Jan 1944 48 '16 3-13 I 32,000rJune 1'19-26 ter 450, Acts of 1899.
was adopted under which municipal 334s
J-D 4.186,000—June 1944
x Includes $421.333 35 Issued by
10,000rJune 1'27-31
nominations are to be made only 334s
34
559.000—Jan 1945 4s'16 -__
3.000_June 1'19-21 the Commonwealth under Chapter
upon petition of 5,000 voters. The 3345
A-0
610,700—_Apr 1945 48 '16 ___
4,000--Oct '18-'21 534. Acts of 1906.
Mayor serves for four years, subject 3345
J-J 3.100,000—July 1945
TOTAL DEBT,&c.—
Apr.30 1918. Jan. 311918. Jan. 31 1917.
to recall after two years. V.89.p.1234 3348
A-0
11,000—_Apr 1946 City debt proper
$88,867,581 $87,820,581 $88,855,231
The question of recalling Mayor Cur- 3348
J-D
489.000__ _June 1946 Water debt
1,859,750
2,147,450
1,875,750
ley was submitted to the voters on 48
J-J 1.150,000—_July 1946 County debt
3,676,333
3,684,333
3,727,500
Nov. 2 1915, but failed to carry. 334s
88.150___Jan 1947 Rapid transit debt
34
35,517,700
35,217,700
33,708,700
V. 101, p.1568. On Nov.7 1911 the 48
A-0
486.850__ _Apr 1947
voters accepted an Act passed by tile 45
Total bonded debt
$129,921,364 $128,598,364 $128,438,881
J-J 1,000,000__Juty 1947
43,895,687
Legislature . annexing the town of 48
43,984,471
44,028,187
A-0
5.000__.Oct 1947 Sinking funds, &c
Hyde Park, which became a part of 48
J-D
49.000__Dec 1947
Net debt
$85,936,893 $84,570,177 $84,543.194
the city Jan. 11912. V. 93, p. 1337. 48
J-D 2.000.000__June 1948
The following table shows the amount of the gross funded debt, sinking
The county of Suffolk, in which 3345
3,900_ __Jan 1949 funds and the net debt for the following years:
J-J
Boston is situated, contains also the 33.4s
A-0
650,000_ - _Apr 1949 Years—
Gross Debt.
Sinking Funds.
Net Debt.
city of Chelsea, Revere Beach and 4s
J-J 1.000,000.—July 1950 1918
$85,936,893.00
April30)
• $129,921,364.00 $43,984,471.00
the town of Winthrop. Boston, how- 33.48
J-J
46.000___J. ly 1956 1918 Jan.
44,028,187.00
84,570,177.00
31)
128,598,364.00
ever, receives all the county income, 48
M-N 404,000__.-Nov 1956 1917 Jan. 31)
128,438,881.02
43,893,686.88
84,543,194.14
pays all the county expenses, owns 4s
J-J
500,000_...Jan 1957 1916 (Jan. 31i
127.394.697.68
41,773.295.36
85,621,402.32
the county buildings, and Is responsi- 4s
M-N
31,000__ May 1957 1915 (Jan. 31
124,805,514.34
42,830,937.39
81,974,576.95
ble for the county debt, which 48
34
50.000___July 1957 '1914
41.564,210.80
78,961,370.21
31
120,525.581.01
amounted on Apr.30 1917 to $3,719.- 4s
A-0 2,819.000___Oct 1957 1912 (Jan.
Jan.
31
117,042,089.33
43,567.856.68
73,474,232.65
500.02. The details of this county 48
34 2.100.000__ _Jan 1958 1910 Jan. 31
71,345,972.58
110,716.406.00
39,370.433.42
debt are included in the following 4348
M-N 1,300,000__ _Nov 1953 1905
94,121,606.00
31,694,386.8862,427.219.12
Jan. 31
financial report for this citY.
48
J-J 2,500.000___July 1959 1900 Jan.
58,333,337.59
31
86.996,978.98
28,663,641.39
Sinking Fund Debt.
48
34 2,815,000_--Jan 1960 1890
22,854,262.98
31,075,832.24
April 30)
53,930.095.22
334s
J-J $1.965,320—July 1918 48
A-0
37,000_ _Apr 1960
26,005,620.59
40,949.332.18
14,943,711.59
1881
April
30)
45
34
5,000-__July 1918 430'15 A-0 1.750,000r-Oct 1 1960
A-0
33.4s
ASSESSED VALUATION.—The city's assessed valuation of real estate
43,499__ _Oct 1918 4s
.1-3
120.000...July 11980
4s
A-0
40,000-__Oct 1918 4s '15 __43,000—July 1 1960 and personal property and tax rate have been as follows:
Ifate of Tax
48
J-J
Assessed Valuation
480,500___Jan 1919 4s '16 __10,000___Jan 1961
48
Personal.
A-0
Real.
Total.
per $1,000.
16,000___Apr 1919 4s '16 __15,000__Jan 1 1961 Years—
330
A-0
228,100-__Apr 1919 4s '16 -_$1,304,620,800
$1,467,166,143
$162,545,343
$17.70
350,000._Apr 1 1961 1917
3;is
J-J 1,905,700___July 1919 48 '16 J-D 1,400,000r_June 1 1961 1916
31:1,219.300
1,592,995,000
1.279,775,700
17.80
48
J-J
1,641,351,400
17.50
3,500__ _July 1919 4318'17 M-N 1,400,000__May 1 1962 1914
303,902,900
1.237.448.500
334s
A-0
16.40
10,000..„Oct 1919 4s '17 A-0
295,345,020
1,481.819,920
_Apr
1,186,474,900
.
P 11962 1912
38
A-0
8,000___Oct 1919
1910
16,4
1,118,989.100
Serial Debt
274,771,323, , .
334s
J-D
43,499___Dec 1919 334s'10 J-3
1,021,431,200
238,314,482
1,259,745,682
16.00
$105.000__Jan '19-'30 1905
4$
3-3
439,500__ _Jan 1920 3 Ms 10 3-3
902,490,700
226,685,132
1,129,175,832
14.70
35,000--Jan '19-'25 1900
J-J
600.000___Jan 1920 3 Ms'10 J-J
33.48
744,751,050
206,616,878
951,367,928
12.80
15.000_ _Jan '19-'21 1895
4$
34
16.400__ _July 1920 334s'10 J-J
619,990.275
202,051,525
822,041,800
13.30
3.840—Jan '19-'22 1890
48
A-0
44.100___Oct 1920 334s'10 J-J
437,370,100
9.000__Jan '1.9-'20 1880
202,092,395
639,462,495
15.20
J-J
35
430.000___Jan 1921 3348'10 34
192.000__Jan '19-'50 1870
365,593,100
218.496,300
584,089,400
15.30




JUNE, 1.91.8..1

MASSACHUSETTS-CITIES AND TOWNS.

29

Debt April 1 1918,
,11 A-O $10,500 _Apr 1 '19-'21
The tax rate for 1917 Includes the State tax, $2.99 per $1,000 • the county 43 '12
M-3 14,000__Mar 1 '19-'22 TOTAL DEBT
$1,408,941
tax, $1.20, the city tax proper, $13.61; total, $17.70. Of the city tax of 48
'19-'22
1
4.000__Mar
M-8
'12
48
water debt, drainDeduct
$13.51 14.33 18 for school expenditure.
exclusive of 430'13 J-D 20.000_ _June 1 '19-'23
and debt for
yg
afaedreoblass
DEBT AND TAX LIMITATIONS.-Taxes in toBoston,
be raised on account 430'13 M-N 1,500.May 15 '19-'21
579.841
the State tax, county tax and sums required by law
of 1910 and amend- 49 '14 A-0 8.000__Apr 1 1919
T DEBT,as defined by
of the city dobt, are limited by Chapter 521 of the Acts
the taxable 48 '14 A-0 3,000__Apr 1 1919
law
829,100
ments, to $11.02 on every $1,000 of the assessor's valuation of
17,500__July 1 '18-'24 Net debt allowed by law
first reduced 48 '14 J-J
3,400,700
property therein for the preceding year, said valuation being
'14 M-N 6,000. May 1 '19-'24 Available balance
2,571.600
by the amount of all abatements allowed thereon previous to the thirty-first 4s
48 '15 M-S 16.000-Mar 1 '19-'20 Assess. val. real
82,450,700
day of December in the year preceding said assessment.
the 1902 edition, Re- 4s '15 A-0 8,000--Apr '19-'20 Assass.val.pers.(tangible).10,638,300
See. 2, Chap.312, Laws of 1885 (Sec. 3, Chap. 27, ofof
1
8.000__July
'18-'25
J-J
'15
of
4s
Boston at 24%
Total val. 1917
.93,089.000
vised Statutes), places the debt limitation of the city
1.000__July 1 '18-'19 Tax rate (per 31.000) 1917-$15.70
4s '15 J4
the average assessors' valuations of the taxable property for the preceding 48
500__Oct 1 '18-'19
'15 A-0
bonds
payable at
on
three years.
coupon
INT.
.May
1
'19-'26
created for water 4s '16 M-N 12,000.
The foregoing limitation Is of course exclusive of debts
First Nat. Bank of Boston: on other
from year to year by differ- 4s'16 M-N 21,000__May 1 '19-'21 bonds
supply, and further exceptions have been made
by Town Treasurer.
1
'19-'21
9,000__May
M-N
'16
4s
various
for
debt
limit
the
of
ent legislatures authorizing bonds outside
4s '16 M-N 8,000_-May 1 '19-'26
ASSETS.-On Jan. 1 1918. includpurposes, especially enumerated.
625__July 1 1918 ing buildings, parks. water-works,
J4
ft is proper to state that under Chapter 93, Acts of 1891, the city is 4s '16
600__Aug 1 1918 &c., amounted to $6,855.746 includ'16 F-A
authorized to anticipate its authority to borrow money within its debt limit 4s
750_0ct 1 1918 ing $32,746 cash in treasury. The
'16 A-0
for any current municipal year. city's borrowing power April 30 1918 4s
1918 water-works are valued at 31.257.600.
4s '16 J-D /2,000
BORROWING POWER.-The
18,000-----1919-1926
was $1,617,028.94.
1
'19-'22
M-N
2,400__May
430'17
POPULATION.-1915. 745,439; 1910, 670,585; 1905, 593,598; 1900, 430'17 M-N 27,000__May.1 '19-'27
560,892: in 1890, 448,477; in 1880, 362.839; in 1870, 250,526.
430'17 M-N 35,000.._May 1 '19-'22 CAMBRIDGE.
330'06 A-0 $11,000r ____1919-1929 430'17 J-J 10,000_ _July 1 '18-'22
BOURNE.
This city is in Middlesex County.
___1919-1926
This town is in Barnstable Co. 4s '06 A-0 8,000r --Apr
Inc. Mar. 17 1846. Pop'n 1910,
Playgrounds.
1 '19-'37
48 '06 A-0 19,000r
Town Hall Notes.
1915, 108,822.
M-S
4s
1
104.839;
'12
'19-'42
$24.000_Mar
48 '06 A-0 20,000r _ -1918-1938 44
--- 1$2.000..Mar 15 '19-'20 4s
M-N 7,500.May 15 '19-'33
-8
'10 F-A 22.000r ---1919-1940 48 .8'13
Building Loans.
1 500___Mar 15 1921
15
21
'182,000_
J-D
_Dec
13
$3,000r_ __Apr 1 1923
20,000-July 1 '18-'33 4s '11 A-0 8,000r_April 1 '19-'26 4s '14 J-J
_s.
400__July 1 '18-'19 330'03 A-0
48 '12 M-fil 24.000r_Mar 1 '19-'42 4s '14 J-D
330'04 A-0 25.0000_ _Apr 1 1924
School Notes.
6,000__June 1 '19-'24 430
1 '19-'38
.74 17,500__July 1 '18-'22
_s
--- 39,000_Mar 15 '19-'27 430'13 J-D 20.000r_June
1
'18-'25
8,000-July
J-J
4s'15
J-5 72,000_July 1 '18-'35
6,000__Aug 1 '18-'23 4s '14 A-0 21.000__Apr 1 '19-'39 45 '15 A-0 4.500-Oct 1 '18-'26 45
_s
-M-N 6.000____Nov 1 1024
7,000__July 1 '18-'24 4s '15 A-0 22.000__Apr 1 '19-'40 4s '15 A-0 3.750__Oct 1 '18-'21 33s
5,000__Oct 15 '18-'22 48 '17 M-N 24,000__May 1 '19-'42 48 '16 M-S 3,500__Sept 1 '18-'24 4s '07 M-S 30,000r.. __Sept 1 1927
_-s
M-S 20.000__Sept 1 '18-'37
430'17
Park Bonds.
Road Notes.
4s '16 M-N 11,00O_ _Nov 1 '18-'28
_s
-- $21,000_5uly 1 '19-'23 48 '11 A-0 33,000.-Apr 1 '19-'21 430'17 J-J
5,000 __July 1 '18-'22
Charles River Basin Bonds.
6,000_ _Oct 15 '18-'22 48 '12 M-8 4,000r-Mar 1 '19-'22
Bonds
Drainage
4s '11 J-D $60.000o..-Deo 1 1921
78,500 430'13 A-0
5,000r-Apr 1 '19-'23 48 '89 M-N $2,200r..Nov 20'18-'19 3s
Note debt Dec 31 '17
M-N 50,000____Nov 1 1937
Assessed valuation, real.. _5.038,6O0
4s '92 J-D
800r_June 1 '19-'22 3s
School Bonds.
F-A 50,000-- __Aug 1 1938
726,200
Assessed val'n, personal
1
'18-'22
M-S
45
'92
4,000r_Sept
$1,650 _ May 1 1919
991M-N
.
330
-5,764,800
1917-valuation
Total
1.000r_July 1 '18-'19
Street Loans.
4,000r_June 1919-'20 48 '95 J-J
330 00 J-D
Tax rate (per $1,000) 1916- _ -$12.40 330'04 F-A 30,000c_Feb 1919-'24 34s'02 J-D
7,500r -- --1918-1932 330'99 M-N $5,000r. __Nov 1 1919
2,672 330'05 F-A 35,0000
Population in 1915
1919 3%WOO M-N 21,000r_ __Nov 1 1920
-1919-1925 330'05 A-0 1,000r
48 '06 J-D 16,000r _- -1918-1926 48 '10 A-0 . 2,000 ----.1918-1920 330'01 34 54.000r _July 1 1921
BRAINTREE.
45 '07 A-0 27,000r-Apr 1 '19-'27 4s '11 A-0 3,000__Apr 1 '19-'21 33s'02 J-J 30,000r_..July 1 1922
This town (P. 0. So. Braintree) is 4s
M-N 40,000r -.1919-1927 4s '12 M-S ' 4.000r..Afar 1 '19-'22 330'02 M-N 14.000r_ _Nov 1 1922
in Norfolk County. Incorporated 48 '08
'10 F-A 48,000 _ --1919-1930 430'13 M-S 5.000_Mar 15 '19-'23 330'03 A-0 4,000r_ --Apr 1 1923
May 13 1640,
A-0 32,500--Apr 1 '19-'21 49 '14 A-0 6-.000__Apr 1 '19-'24 330'03 M N 12,000r_ _Nov 1 1923
'11
4s
School Bonds.
6.000__July 1 '18-'22 430'14 M-S 7,000__Sept 1 '19-'24 330'04 M-S 59.000r_ __Sept 1 1924
4s '12 J-J
4s '11 J-J $44,0000_July 1 '18-'31 43 '12 M-S 35,000-Mar 1 '19-'32 48 '15 A-0 7,000..__-Apr '19-'25 3 46'04 M-N 6,500r- -Nov 1 1924
Notes.
4,000-July 1 '18-'25 330'05 M-N 85,500r_M&N 1 1925
26,250__Apr 1 '19-'33 4s '15 J-J
A-0
430'13
'18-'24
1
$12.250__July
4s
4,500_July 1 '18-'26 45 '06 M-N 100,000c&r.May 1 1926
A-0 33,750.. _Apr 15 '19-'33 4s '16 54
1918-1919 430'13
1,000
4s_
M-N
'16
48
1 '19-'26 4s '06 F-A 22,000r_ -Aug 1 1926
'18-'33
1
12.000_May
J4
48.000-July
430'13
Water -Bonds.
430'17 M-N 4,000__May 1 '19-'27 48 '07 A-0 40,000r-Apr 1 1927
1
'18-'23
3,000_-Oct
A-0
'13
48
4s '91 J-D $150,0000_ _ _June 1 1921 4 '14 M-S 48,000__Mar 1 '19-'34 430'17 M-N 9,000__May 1 '19:27 45 '07 J-D 19,000% __June 1 1927
4s '11 A-0 z6.000e_Oct 1 '18-'21 48 '14 A-0 11.000 __Apr 1'19-'29
Sept 1 1927
48 '07 M-S 25,000r
City-Farm Bonds.
1918
12,500
-_ _
45
Nov 1 1927
25,500_Aug 1 '18-'34 430'17 .74 $__,1 500r_July 1 '18-'20 4s '07 M-N 10,000r
1919 430'14 1P-A 72,250__Feb
12.000
1 1928
__Jan
34,000c_
J-3
48
'08
1 '19-'35
Emergency
War
Bonds.
F-A
48
'15
•
0
Water Notes.
430'17 A-0 $5,000..Oct 1 '18-'22 4s '08 F-A 42.000r_ _-Aug 1 1928
4s
'15
.
A-0
P
'18-'19
15
4s '09 J4 $2,000.July
330'09 M-N 20,000r..--Mch 1 1929
'18-'23
1
6,000-July
J4
45
'15
6,000r___Aug 1 1926 4s '15 M-N144,000
43 '96 F-A
1918-1925 TOTAL DEBT,SINKING FD., &o. 33010 J4 88,500c3cr Jan 1'20-'30
Town-Hall Bonds.
1918-1926
Apr 1 1918 4s '10 .74 12,000r_ --July 1 1930
43 16 M-Ni45,000
4s '12 J-D $35,000c_June 1 '19-'32
1927-1936 Gross city debt
40.000
$3.992,825 330'11 M-S 50.800r-Mch 1 1921
School Notes.
1926-1935 Bonds outside debt limit,
48 '16 M-N 80,000
. 2.785.850 4s '11 M'S 20,800r_ --Mch 1 1921
1919
1
_June
_
$2,000c_
J-D
330
330'11 M-S 27,000r-Mch 1 1931
3,000
f
1918-1920
J-D
'16
4s
Playground Bonds.
.14 55,000c-July 1 1921
1 500
1921
Bonddebtinsidedt.limit$1,206.975 330'11
$2.000c_July 1 '18-'21 430'17 J4 f 15,000r_July
43 '11 J-J
330'11 J-J 53.000r -July 1 1931
1 '18-'22 Debt limit 234% average
'18.___1266,750
1
Jan
DEBT
BOND.
J-D
'11
48
17.000c---Deo 1 1921
1
1
10,000r_July
'23-'27
3
-year
valuation
1.355.933
20,000 430'17 J4 80,000r_July 1
Floating debt
43 '12 M-S 118,000c___Sept 1 1922
'18-'37
136,750 430'17
Sinking funds (water)
354s'12 M-S 7,000r_ -_Sept 1 1922
M-N 47,500__May 1 '19-'37
Borrowing
$148,958
capacity...__
$8,200,590
real
val.
Assess.
Total valuation 1917._$52,911.j14 3549'12 M-S 6,200c&r_Sept 1 1932
Bridge Bonds.
1,055,510
Assess. val. personal
330'12 M-S 13,200c_Sept 1 '22&'32
$590.___Apr 1 1919 Tax rate (per 31,000) 1917_ - _423.00 48
9.256,100 4s '14 A-0
Total val. 1917
'13 F-A 13,000c_ - _Feb 1 1923
•
Bonds outside of debt limit consist
1917_121.20
$1.000)
Total tax (per
Comfort-Station Bonds.
6,250c___Feb .i 1933
F-A
330'13
Pop'n 1910. 8,066: 1915. 9,343 4s '11 A-0 $3,000 -Apr 1 '19-'21 of $1,753,000 water. $443.300 sewer, 3548
J-J 75,000____July 1 1920
part
of
to
city
hall
the
debt
amount
Bos.
M-S 25,000.-__Mar 1 1921
z INT.at Nat.Shawmut Bk.,
Rifle-Range Bonds.
of $35.800, drainage dept. debt,$49,- 330
J4 57,800-- __July 1 1923
Is '11 A-0 $1,500 --Apr 1 '19-'21 500,high-school,$447,500, and play- 4s
M-S 20,000____Mar 1 1929
330
BRIDGE WATER.
448'13 A-0 2,500__Apr 1 '19-'23 grounds, $56.750.
J-J
13,500_-_-Jan 1 1930
3s
This town is in Plymouth County. 430'17 .14
4,000r_July 1 '18-'21
The
city
owns
real
estate valued 354s
8,000___ _July 1 1931
J4
Total note debt Mar 1917._ 334.300
at $2,965,290.
Water Bonds.
3,500,902
J4 35,000____July 1 1931
330
Assess. val. real
M-N
48
'89
$10,00001919
-May15
INT. at City Treasurer's office.
946,785
4,000.....July 1 1933
J4
4s
Assess. val. personal
'90 A-0 68.000c...Apr 1 1920
J-5 46,500__July 1 '18-'22
4345
Tot. val.'16 (fair cash val.)4,447,687 4s
4s '90 A-0 5,000c_ __Oct 1 1920
J4
1,000____July 1 1918
4s
Tot. tax rate (per $1,000)'16_$21.00 4s
M-N
'91
25,000c-May
1
1921
BROOKLINE.
9,381
'13 J4 61.800_July 1 '23 & '33
Pop.'10,7,668;'15
4s '92 M-N 20,000c-May 1 1922
This town is in Norfolk County. Is
is '13 F-A 18.000___Aug 1 1933
M-S
'93
Is
1
Inc.
Population
25,000c-Mch
1923
1705.
1915,
33,490.
4s '15 ___ 10,500c_July 1 '18-'20
BRISTOL COUNTY.
4s '93 J-D 62,000o_ _Deol5 1923 43is
$99,000
'
___ 58,000c ____1918-1925
County seat at Taunton. Incor- 43'94
&'95A-0 50,000o -Apr 1 '24-'25
Public Buildings St Sites.
4s '15 M-N 40,000c_Nov 1 '18-'25
porated 1685. Pop'n 1915. 346.964 4s '95 A-0 25,000o-Oct
1
1
'19-'23
J-J
03
43
1925
3
$5,000r_Jan
Registry Bldg. Notes & Bonds. 43'96&'97M-N50,000o-May 1 '26-27 330'04 .7.4 33,000c...Jan 1 '19-'24 330'16 __- 57,150c_Oct 1 '18-'26
48 '13 J-D 40.000c_ Dec 24'22-'23 48 '97 F-A 15.000o_ __Aug 1 1927 48 '06 .14 48,001k_Jan 1 '19-'26 330'16 --- 24,750c_Oct 1 '18-'26
9.0000_Mar 1 '19-'21
'16 _Bridge Notes and Bonds.
Is '98 F-A 10,000c _Aug 1 1928 330'09 J-J 67,101k_Jan 1 '19-'29 4s
1.200c..July 1 '18-'21
'16 __4%8'13 J-D $80,000c_Junel '18-'22 48 '02 M-N 110.000r.
1 1932 3.88'09 J4 67,101k_Jan 1 '19-'29 4s
4s '16 -_- 30,000c..July 1 '18-'21
40'17 F-A 10,000c..Aug 15'18-'27 4s '03 J-J 27,000r_ --Nov
__July
1
1
1933
'19-'22
J-J
'12
16,000c__Jan
4s
1 '18'-21
5,500c_July
'16
__4s
Court-House Notes & Bonds.
J-D
330'99
10,000c_
1 1929 4s '16 J-J
16,000c__Jan 1 '19-'23 4s '16 -4,000c_Nov 1 '18-'21
430'10 M-N$17,500c___May 4 1919 3 30'99 M-N 12,000c_ __June
__Nov 1 1929
Sewers and Drains.
5,0000-Aug 1 '18-'22
4s '16 --48 '11 F-A 20,000c_Aug 2 '18-'19 3 %WOO M-S 15,000o_ __Mch
1
1
'19-'29
1930
330'09 J-J $33,000r__Jan
8,000c-July 1 '18-25
4s '16 -_4s '12 A-0 10.000c_Apr 17 1920 330'01 A-0 13,000c_ Apr 1 1931 330'09
5,000r_ __Jan 1 1919 4s'16 -_- 117,5000_July 1'18-'24
3-5
48 '12 J-D 70,000c_Dec 26'18-'21 3 Iis'01 J-D 15,000o_ __June 1 1931
4s '12 J4 16,000e__Jan 1 '19-'22
1 2,000c July 1 '25-'26
45 '13 J-J 70,000c-July 23'22-'26 330'02 A-0 75.000c_Apr
1 1932 4,s '12 J-J 20,000c_ _Jan 1 '19-'22 4s '16 -- 31.5000_July 1 '18-'26
Oct 1 1924 3%s'02 F-A
48 '14 A-0 10,000c
15,000o-Aug 1 1932 4s '14 J-J 44,800c_ _Jan 1 '19-'34 4s
-,-Bonds.
4,200_ _June 1 '19-'21
___
Agricultural School
3 48'02
1 1932 4s '15 J-J 34,000c_ _Jan 1 '19-'35 4s
_-- 63,000..July 1 '18-'26
4s '13 A-0 35,000c___Apr 1 1919 33s'03 J-J 190,000c&r_Nov
3,000c_ _-July 1 1933 43 '16 J-J 36,000c_ _Jan 1 '19-'36 4.4 '17 M-N
1 '19-'22
6,000c_May
4s '14 34 36,000c_Ju17 15'18-'29 330'04 F-A 165,000c_
_Feb 1 1934 4s '17 J-J 10,000r_Jan 1 '19-'23 430'17 54 10,000c _ July 1
'18-'22
'16 ___i:),000c ____1918-1923 330'04 J-J
4s Refundingt
Soldiers' Monumemt.
1929 3;43'05 F-A 25,000o_ __July 1 1934
1 '18-'22
5,000c_July
34
500c
430'17
50,000o_ __Feb 1 1935 4s '13 J-J 20,000c__Jan 1 '19-'23 430'17 M-S 118,000c_Sept i
'18-'20
onds.
-A
F
3
;0'05
1
25.000r_
__Aug
1935
Parks.
'18:34
1 '21-'22
430'14 M-S $41,000c_Sept 3
3;0'06 A-0
1 1936 350'03 J-J $25,000r&c Jan 1 '19-23 434s'17 M-8 10,000c_Sept
'18-'20
1
9,000c_Sept
7.000c_Dec 4 '18:24 4s '06 J-D 25,000c--Anr
430'14 J-D
20,000r_ __June 1 1936 4s '16 J-J
16,000r_ _Jan 1 '19-'34
14,000c _Sept 1 '21-'27
0'15 J-D 34,000c_June 2'19-'35 48 '07 M-S 25,000c.„-Mch
1 1937
Playgrounds.
48 '15 M-8 18,000c_Sept 3'18-'35
'07
30,000r_
1
__July
1937 348'98 M-N$25,000r___Nov 1 1918
Park Bonds (Outside Limit).
4s '16 A-0 90,000c-Apr 15 '19-'36 43 '08 A-0 38,000r .Apr 1 '19-'37
25,000r...Mar 1 1919 43 '94 F-A$360.000c&r.Feb 1 1924
48 '16 J-D 19,000c_rne 30'18-'36 48 '08 F-A 21,000r_ _ _Aug 1 1937 3.18'99 M-S
50,000r...July 1 '18-'22 48 '95 F-A 100,000r_ __Aug 1 1935
450'17 J-J 60,000c_July 23 '18-37 34s'09 A-0 30,000r __Apr 1 '19-'38 3.15s'01 J-J 25,000c_
_Jan 1 '19-'23 4s '96 F-A 100,000r_ ...Feb 1 1936
BOND. DEBT Apr 1918 $651,000 3;0'09 M-N 20,000r --Nov 1 '18-'38 330'03 .7-5
8,000r_Jan 1 '19-'26 45 '96 F-A 100.000r_ __Aug 1 1926
4s '06 J-J
74,653
Floating debt
'10 F-A 15,001k ____1919-1933 3.45s'0934 37,620r__Jan 1 '19-'29 45 96 A-0 40,000r_ -Oct 1 1926
351,041,678 4s
Assess. val. 1917
A-0
12,001k
'10
___-1918-1930 48 '14 J-J 68,000c_ _Jan 1 '19-'34 330'97 M-S 100.000r.. __Sept 1 1937
INT. at First Nat. Bank, Boston. Is
48 '11 A-0 44,000r_Oct 1 '18-'40
330'97 M-N 50,001k_ --Nov 1 1937
Streets.
or by check to holders of bonds.
J-J 44,000r_July 1 '18-'40 4s '07 J-J $36,000r_ _Jan 1 '19-'27 330'98 F-A 100,001k_ __Aug 1 1938
48 '11
4s '11 M-S 88,000r_Mch 1 '19-'35 330'10 54 11.000r_ _Jan 1 '19-'20 334s'98 J-D 50,000r _._June 1 1938
BROCKTON.
13'13 M-8 27,500_Mar 15 '19-'43 4s '12 J-J 20,000c .Jan 1 '19-'22 330'99 F-A 100.000r_ __Aug 1 1939
This CitY is In Plymouth County.
8'13 A-0 6.000__Oct 1 '18-23 4s '12 J-J 74,000c __Jan 1 '19-'22 330'00 34 50.000r_ _July 1 1940
Incor. Apr.9 1881.Pop'n '15,62.28 4a 14 VA 26.000__Feb
1 '19-'44 4s '14 J-J 24,600c_ _Jan 1 '19-'24 330'00 3.7-N 50.000r .Nov 1 1940
Fire Department.
48 '14 J-D 23.000...June 1 '19-'41 4s '16 J-J 24,000c_Jan 1 '19-'25 330'01 M-N100,000r___Oct 1 1941
43 '06 A-0 $6,000r
49'15 A-0 22.000__Apr 1 '19-'40 4s '16 J-J
6,000r_Jan 1 '19-'24 330'02 J-J 48,000r_ __July 1 1942
9 4s'15
119
330'09 A-0 1.500r --------1918
A-0 13,000_0ct 1 '18-'30
330'03 F-A 50,000r_ __Apr 1 1943
Schools and Sites.
12.000 -_-_1919-1930 4s '16 A-0 28,000
4s '10
Sept 1 1944
1919-1946 3.63'10 .14 $12,000r__Jan 1 '191'30 334s'04 M-S 25,000r
1 '18- 23 4s '17 --- 29.000
-_
0'13 F-A 12,000_ug
1919-1947 3.63'10 J-J
2,000r____Jan 1 1919 334s'04 131-N 6,000r. __Nov 1 1944
Poor-Department Bonds.
1 1945
__May
45,000r_
11-N
330'05
'19-'23
1
_Jan
_
25,000r
J-J
348'10
Cemetery Bonds.
430'13 M-N $7,500r_May 1 '19-'23
48'05 F-A
5.000r_ -Aug 1 1945
Sewer Bonds.
4s '15 J4 $2,500-July 1 '18-'22 4s '13 J-J 103,500c_ _Jan 1 '19-'33 3
1
1945
__Apr
5,000r_
A-0
330'05
Water.
4s '92 F-A $2,500r_Aug 1 '18-'22
City Hall.
'18-21 48 '06 M-S 25,000r_ __Sept 1 1946
48 '93 J-D
7,500r-June 1 '19-'23 4s '92 J-D $4.000r..June 1 '19-'22 4s '91 J-D $3,000r_ _June 1 '18-22
4s '07 A-0 10,000r _Oct 1 1947
48 '93 J-J 48,000r..July 1 '18-'23 4s '93 A-0 9,000r_Apr 15 '19-'23 3%s'92 J-D 10,325r_June 15
1 '18-'23 Is '08 M-N 12,000r_ -Nov 1 1948
4s '95 A-0 42,000r --Apr 1 '19-'24 48 '93 M-N 7,500r_Nov 1 '18-'22 4s '93 .1-3 26,796r_July
15'18-24 4s '08 F-A 30,000r_ __Aug 1 1948
4s '93 A-0 25,000r...Apr 1 '19-'23 4s '93 M-N 12.500r-Nov 1 '18-'22 3 9-16s'94J-D 7,000r_June
8,800r_ __Jan 1 1950
.Aug
1 '19-25 330'10 54
4,800r_
-A
F
330'95
'19-'27
1
4s '95 M-N 9,000r-May
4,800r_June 1 '18-'21 330'11 M-S 17,000r_ __Mch 1 1951
330'01 J-D
Street-Improvement Bonds.
3,000r
1919'-21
31s'02 A-0
J-J
7,000---July 1 1951
5,000r
3 48'01 J-D
1919-'23 353'99 M-N $2,500r_ _May 11919 330'03 3-5 18,500r .Jan 1 '19-'23 330'11
12,000r_ _Jan 1 '19-'24 330'11 J-D 6.200-- __Dec 1 1951
3 As'95 M-N
500r May 1919 34s'09 A-0 3.500r -- -.1918-1919 330'04 J-J
1 '18-'32
4.000r .......1918-1919 334.1'09 J-J 55,000r_ _Jan 1 '19-'29 310'12 M-S 30,000..Sept 1
330(la A-0 15,400r_Apr 10 '19-'29 330'09 34
10,000_ _Sept '33-'42
_ _Jan 1 '19-'35
170,000r
.74
'15
4s
12,000c
20
.A
A-0
pr
4s
1919-'30
10,500........1919-19
3t4'01
1:
__Augl.
-A
50,000..
354
.Jan
1
'19-26
8,000c
3 0'01 F-A 17,000r -Feb 1 '19-'35 4s '11 M-N 15.000 --May 1 '19-'21 4s '16 J-J




NE

41

30
CAMBRIDGE

DIASSAOHUSETTS-CITIES AND TOWNS.

[VOL. 106.

(Concluded)Water Bonds.
School Bonds (inside Limit.)
Water Bonds (Outside limit).
4s '94 A-0$300,000o-Apr 1 1924 4s '06 --- $65,000----Oc
Municipal Loan.
J-J $52,500c__Ju1y 1 '19 '21
1 1926 4s
330'98 M-N 50.000r_ __Nov 1 1918 48 '11 A-0 250,000c--Oct t1 '30-'31
4s
J-J $8,000---..July 1 1920 330'99
4s
J-D 50,000o_ _ _June 1 1926
M-N
23.000r_
__Nov
1
1919
48
'15
J-D I 14,000_June 1 '19-'20 430'14 M-S 25,500__Sept 1 '18-'44
330
J-J 25,000---July 21 1921 334s'00
M-N 30.000r....-Nov 1 1920
1 90,000_June 1 '21'35
330
M-S 15,500-__Mar i 1922 330'01 J-J
School Bonds (Outside limit).
30,000r_ -July 1 1921
Refunding Loan (Inside
M-8 35,000-__-Sept 1 1922 330'02
4s '10
4s
344.000o_Jan 1 '19-'30
13,500r_ --July 1 1922 411 '07 J-D$141,400____Dec Limit).
4,800 __..Feb 1 1923 330'02 J-J
F-A
1
4s
1924
Town-Hall Bonds.
Street Loan (inside Limit).
F-A 35,000-__Feb 1 1923 3345'05 M-N 5,000r_.-Nov 1 1922
45 '09 J4 $66,0000___Jan 1 '19-'29
4s
81-N
46.000r-May
1
1025
48
'01
J-D
$45,000____Dec
25,0000--_Ju1y
1 1923 330'05
1 1921 BOND. DEBT Apr 5'18_ $291,000
4s '13 _-_
M-N 87,500r .May 1 '19-'25 43 '12 ___
9,000____Dec 1 1921 Floating debt
9.400
Sewer Bonds (inside Limit).
48 '06 M-N 280,0000&r.May 11938 48 '14 J-D
1,960_June 1 1919 Sinking fund
120,942
46 '94 F-A $75,000c&r.Aug 1 1924 48 '07 J-D 49,000r_ ....June 1 1937 430'14 M-N 10,000__Nov
'18-'19 Water debt (additional)
187,500
48 '95 A-0 60,000r_ --Oct 1 1925 48 '07 J-J 25,0000_ -July 1 1937 48 '16 J-D 15,000__June 2
330'01 F-A 10,000r.. Aug 1 1931 4s '08 J-D 20,000r_ _-June 1 1928 43 '17 __- 12,000__June 1 '19-'21 Water sinking fund (add')).. 106,681
1 '19-'22 Borrowing capacity
155,661
3Hs'03 A-0 20,000r ..Oct 1 1933 48 '08 F-A 17.000r
Aug 1 1938 4s'17 _-_
8.000__June 1 '19-'22 Assessed valuation, real
7,332,964
40.000rMay 1 1934 330'10 J-J
3348'04
5.0000 ..Jan 1 1930
Water
Loans
(Outside
Assessed val., personal
Limit).
2,370,991
5,000r_-_Nov 1 1934 330'10 F-A
3348'04
5.000r_ __Feb 1 1930
J-J
1300,0000
July 1921 Total val. 191'7 (act.)_ _ _9,703,955
330'05 M-N 15,000----May 1 1935 330'11 _-- 16,500r___May 1 1941 4s '11 J-D 30.000___Dec
1 1921 Tax rate (per $1,000) 1-91- 424.20
10,000____Ju1y 1 1941 330'11 J-D 10,000r- --Dec 1 1941
J-J
330
Municipal !mot. Bonds (OutINT. on town-hall bonds
7_and
4s '07 A-0 35,000r......Apr 1 1937 330'11 J-D 18,000_ __Deo 1'18-'35
side
Limit).
school bonds payable at Old Colony
5,000r. -Dec 1 1938 354s
48 '08 J-D
20,000.._Rept 1 '18-'37 330'09 F-A $500.0900_ _Feb 1 1959 Tr. Co., Boston;
on
other
loans at
- Jan 1 1940 48
330'10 J4 23,000c&r
7.500__Mar 1 '19-'33 4s '08 M-S 400,000c_ __Sept 1 1958 First Nat. Bk., Clinton.
15,000r_ -May 1 1940 4s
48 '10 J-J
32,000-July 1 '18-'33 45 '10 F-A 100.000c_ __ Feb 1 1960
3348'11 M-S 10,000r_ --Mch 1 1941 4s
39,000 _July 1 '18-'44 Public Impt. L'n (Outside Limit). CONCORD.
10.000r-July 1 1941 43
330'11 J-J
9,000_ _Nov 1 '18-'32 48
A-0$310.000c_Oct 1 '25&'27
This town is in Middlesex County
330'13 F-A 10,000c-Feb 1 1943
19,500__Feb 1 '19.'33
Park Loan (Outside Limit).
Inc. Sept. 12 1635. Pop.'15, 6,681.
4s '13 J4 25.0000.-Ju1y 1 1943 330
4s
eP
A-0 $100.000c ..Oct 1 1936
Fire-Apparatus Notes (Inside
(Outside
Limit).
Bonds
Sewer
School Loan (Outside Limit).
INTEREST on bonds Is payable at
Limit).
330'99 M-N $42,000r_ __Nov 1 1929 the First National Bank. Boston.
4s '16 J-Dj$117,000_June 1 '19-'31 45
$2.000„May 1 '19-'20
330'00 J-J 100,000r_ --July 1 1930
I
40,000.
June
1
'32-'36
4s '17 ___
3,000__June 1 '19-'21
TOT. DEBT, SINKING FUNDS, BOND.
330'01 F-A 100.000r_ _-Aug 1 1931
DEBT Jan 1 '18_$2,302,000 _s
_
2.000 July 1 '18-'19
ETC.Apr.
1
1917.
Special
330'02 M-N 20.000r_ --Nov 1 1932 Total general bond.
notes
432.980
Water_-Bonds (Outside limit).
debt.19.566,850 Sinking loan
330'03 A-0 40.000r_ -Apr 1 1933 Sinking
funds
794.607 330
A-0 $8,0000___Oct 1 1923
funds_
3,549.907 Net debt (incl. water
3348'04 M-N 147.000r May 1'34-'35
debt).1,940.373 4s '08 ___ 60,000_ _ --Sept 1 1928
Net debt (excl. water d't)_1.874.479 330'09 A-0 65,000o_
48 '06 M-N 35,000r-May 1 1936
_ _Apr 15 1929
Net municipal debt.... --$6.006.943 Temp.
48 '06 M-S 25.000r-Sent 1 1936 Water
loans
(In
anticipa48 '11 A-0 11,5000_0ot 1 '18-'40
(additional)--$1.816.000
tion of revenue)
4s 07 A-0 25,000r___Apr 1 1937 Sinkingdebt
930,546 4s '13 J-J 24,000c_Jan 15 '19-'42
funds
1,203.555
Borrow. capac. Jan. 1 '18... 144,640 4/4 13 J-D 12.5000 Dec 15 '18-'42
43 '07 M-N 10,000r_ -Nov 1 1937
Assess. val. real
4s '08 F-A 25.000r__Aug 1 1938
-28,528,200 430-8.500__Dec 1 '18-'34
Net water debt.. ._
$612.445 Assess. val. pers'lestate__
48 '08 J-D 12,000r_ -Deo 1 1938
property_ 4,636.050
Sewer Bonds (Outside limit).
Net
city
and
water
debt.$6,619,388 Assessed val.'17(abt
2,000r. _ -July 1 1939
330'09 J-J
act)_33,164.250 4s
M-S $70,000c___Sept 1 1928
23.000c_ __Jan 1 1940
Tax
rate
(per
330'10 J-J
$1,000) 1917_ _423.86
BORROWING CAPACITY.-The
__ 25,000_ -_ -Sept 1 1929
25,000r_ _ _July 1 1940 borrowing capacity for cit7 purposes Popula'n 1910, 32,452; 1915. 43,426. 48
48 '10 J-J
4.0000.. _ _Sept 1 1931
Dec 1 1941 on Oct. 1 1916 was $168,434 47.
INTEREST is paid in Boston at 3543
33011 J-D 10,000c
3,0000.....July 1 1935
330'12 81-8 15,000c-Sept 1 1912
National
Shawmut Bank and United
The sinking fund for the 10-year
Light Bonds (Outside limit).
334s'13 F-A 10,000c_ __Feb 1 1043 loans receives yearly 9% of the States Trust Co. or by City Treas. 3345
___ f$3,000c___May 1 1935
1918-1926 amountof outstanding %sonde, for the
9,000
4s '16 -1 5,000c ...May 1 1936
330'16 M-N 9,000c_Nov 1 '18-'36 20-year loans 334%, for the 30-year CHICOPEE.
48
10,000___ _Aug 1 1931
330'16 M-N 14,000c_May 1 '19-'46 loans 2 1-5% and for the 40-year
2,000-__Oot 1 1937
Chicopee Is In Hampden Co. In- 48
1,000____July 1 1918 loans 1 1-3%.
4s
___
6,000._ _Nov 2 1938
corp. as a town 1848; a city 1890.
6,000Ju1y 1 '19-'22
340
_
2,000__Apr 15 1939
Street
-Improvement
Bonds.
CITY WATER WORKS.-The 4s '14
1,000--Ju1y 1 1923
48
J-J
-__
5,000--June 1 '19-'28
J-D
_June 1 1919 334s
1.500---July 1 1924 cost of the water works up to April 1 48 '14 J-D /16.500e.._
434s
11,000-Oct
1 '18-'28
18.000c_June
1
'19-24
22,000 _July 1 '25-'46 1916 was $6,700,282.29. while the 48 '15 J-J
F-A J35,000c_-_Aug 1 1929
1 '18-'20 4s
J-J 24,000July 1 '18-'40 net debt on the same VMS $819,- 4s '15 J-J I 23.000c_July
48
116,000c_ --Aug 1 1930
4,000c_July
1
'18-'19
914.53.
For
the
year
ending
Mar.31
4,0O0 July 1 '41-'43
M-N 10,0000_ _ _Nov 1 1932
1 1,000c_ July 1 1920 334s
430'17 J-J 80,000c_July I '18-'37 1916 water-works receipts were 4s '15 A-0 2,000_0ct
A-0 15,0000-Oct 1 1933
1 '18-'19 330
430'17 J-J j15,000c_July 1 '18-'27 $416,209.
A-0 10,000o__Aug 1 1934
4s '15 A-0 15.000--Oct 1 '18-'20 330
120,000c-Ju1y 1 '28-'47
ASSESSED VALUATION.
48 '16 M-S 27.000c_Sept 1 '19-'21 48 '10 F-A 20,000o_ .Aug 1 1940
1917.
9,000__Nov 1 '18-'26
Metropolitan Park Assess. Loan
4s '16 M-S 8,000c_Sept 1 '18-'21 43
1916.
(Outside Limit).
430'17
School Notes (Inside Limit).
67,800__Sept 1 '18-'27
330'02 F-A $46.000r- -Aug 1 1932 Real estate 118,886,800 108,283,600 434s'17
11,700__Sept I '18-'21 48 'II A-0 $12,800c_ _Oct 1 '18-'31
__ 15,411,362 23,908,570
3348
1.000„Oct 1 '18-'19
Bridge Loans (Outside Lim t). Personal_
Hospital Bonds
Total
_-_ 1$42,000__Dec 1 '18-'31
48 '88 J-J $100,000c-July 1 1918 Tax(perM.)132,298,162 132.192,170 48 '12 M-N $4.000c-Nov 1 '18-'19 _s 16
$23.50
1
10,000__Dec
1 '32-'36
4s '88 M-S 100,000c_ __Sept 1 1918
School Bonds and Notes.
'Is '17 ___ 16,000....May 1 '19-'34
48 '89 81-S 115,0000___Mch 1 1919
4s
32.000 _ _1918-1919
Bridge Notes.
48 '90 M-N 5,000r_ _ -Nov 1 1920 CANTON.
This
45
'10
town
A-0
is
in
Norfolk
7,0000.Dco
Co. Inc.
1 '18-'24
Inside Limit.
48 '91 J-J 60,000r&c.July 1 1921 Feb. 23 1797. Pop'n
4s_
1,800Aug 16 1919 _s
1915. 5.623.
$5,500____Oot 1 1918
48 '93 F-A 10,000c_ __Aug 1 1923
48 '10 it-N
Bonds.
30,0000..Nov 30'18-'27 _s
2,000__Oct 1 '19-'22
354s'99 J-J 50.000r_ -July 1 1939 43 Water
43
,
11
M-N
J-J
$53,1000_July
11,0000_Nov
1 '18-26
27'18-'21 _s
-__
3,000_ __July 12 1919
3 s'00 J-J 100.000r __July 1 1940
4s '12 J-D 25.000e_June 1 '19-'22
Notes.
Playground Notes(Inside Limit.)
38 01 F-A 100,000r_Feb 1 1941 _sStandpipe $3,000_-_
430'14
M-N
4.000__May
_May
1
1
1919
'18-'21
tl1,500___Oct 1 '18-'20
330'01 M-N 100,000r_ __Nov 1 1941
4s '15 J-J 70,0000_37,000 yearly 434s
Loans.
300...._ _Oct 1 1921
330'02 J-J 100.000c&r_Aug 1 1942 .8 High-School
$9,000__Dec 1 '18-'20 4Hs'17 _ -_ 375,000_ _June 1 '19-'33
Sudbury Road Notes (Inside
330'03 J-J 50,000r_ __Jan 1 1943 -8
..-3,000_
_Nov
4
'18-'20
Sidewalk Bonds.
334s'03 A-0 50,000r__Apr 1 1943 _s
12,000_ _Nov 1 '18-'23 4s '15 A-0 r,000__Oct 1 '18-'20 43,4sLim_it_)_. $4,000_ _ __Nov 1 1918
Aug 1 1943 Water -- Dec
330'03 F-A 50,000c
31 1916-- $59,000 48 '16 M-S 1.800c_Sept 1 1918 45
2,000_June 15 '18-'19
3348'04 J-J 100,000r_ __Jan 1 1944 School deli
bonds
19,000
Street Notes (Inside Limit).
3.000e_Sept 1 '19-'21
330'04 81-N 200,000r&o.May 1 1944 School notes
$2,000_June 15 '18-'19
8,000__Oct 1 '18-'21, 4s
330'04 F-A 100.000r. _-Aug 1 1944 Notes in anticipat'n of taxes 14,000 434s'17
89,000
_s
16,000__Nov 1 '18-'21
330'04 M-S 50,000r_ --Sept 1 1944 Standpipe notes
Sewer Bonds.
9,000
14,000__Nov '18-'21
330'04 M-N 28,000r_ --May 1 1934 TOTAL DEBT
Dec 31 '16_ 190,000 430'14 M-S $2,000.... .Sept 1918 4s '17 -__ 10,000.. May 1
1 '19-'21
330'05 M-N 150,000r_ ..May 1 1945 Cash in treasury
430'14 A-0 8.000___Oet '18-'21
7,733
330'05 J-D 100.000r. _Dec 1 1945 Assessed valuation. real
4s
'16
TOWN
M-8
DEBT
27.000c_5ept
Dec. 31 19171
'18-'26
3,826.870 4s '15 A-0
4s '06 F-A 200.000r-Aug 1 1946 Assessed val., personal
Within
limit
11.000_-Oct 1 '18-'28
$181.300
1,318,088
330'08 J-J 20,000r_ __Jan 1 1946 Total valuation 1917
debt
190,500
5,144,958 43 '15 M-N 14.000Nov 1 '18-'19 Water debt
5.000r_ -Sept 1 1946 Total tax rate(per
4s '06 M-S
102.000
$1,000) '16-$18.80 48 '16 M-N 11,000____Nov 1 1920 Sewer
48 '07 J-J 50,000r_ ....Xhn 1 1947
3,000.,..Nov 1 '18-'20 Light debt
159,500
INT
payable
at
town
treasury.
48 '07 J-J 40,000c_ --.Tuly 1 1947
4348'17
5,400__Sept 1 '18-'20
411 '07 A-0 15.000c_ _ -Oct 1 1947
430'17 --_ 16,900_0ct 1 '18-'28
Total Dec. 31 1917
$633.300
48 '08 F-A 45,000r. __Aug 1 1948 CHELMSFORD.
*Bridge
Bonds.
SINKING FUNDSThis
town is In Middlesex County. 48 '07$36,000_12,000
20,000r_ ...July 1 1950
4s :10 J-J
yearly
Water
342.723
330'11 J-D 10.000c_ __Deo 1 1951 • School Bonds.
Add. Dept.
b- Equip. Bonds.
44.596
330'12 81-S 10,000c-Mch 1 1952 4s '16 A-0 $58.500c_ _Apr 1 '19-'36 4s '15 J-J j$4,000c_July 1 '18-'19 Sewer
Light
48,635
6.800..._._1918-1934 TOTAL DEBT Jan 1 '18.. _ $75,854
4s '14 1
1,000c__July
1
1920
Assessed
valuation,
real__
-3,569.655
Refunding Bonds.
Schoofionds.
Total sinking funds
Assessed val., personal __-1,220,115 330
$135,954
g J-D $33.000c_June 1 '19-'29 Assessed valuation,
Aug 1 1918 Total
330'98 F-A 142.000r
real_ -$5.716,066
valuation 1917
4,789.770
334s'99 J-J 42,000r_ .-July 1 1919 Tax rate
Bonds.
Assessed val. personal_ -__1.188,431
(per ;1,000) 1917-318.20 48 *Electric-Light
J-D $15,000o_Deo 1 '18-22
330'99 M-N 13,000r_ __Nov 1 1919
valuation 1917__6,904,497
5,210 336s g J-D 13,000c__June '19-'31 Total
330'01 J-J 76.000r- --July 1 1921 Population 1917
Tax rate (per $1,000) 1916---117.00
4348'07 -__
9,000_ ..$1,000 yearly INT. at Old Colony Tr.
330'02 J4 86.500r_ __July 1 1922
Co.,Boston.
488,000_ _31,000 yearly
3346'02 A-0 11,000r-Oct 1 1922 CHELMSFORD WATER DIST.
4.5
'11
1
7
4-N
10,000c_Nov
1
330'03 A-0 80,000r....Oct 1 1923
'18-'22
This district is in Middlesex Co.
DALTON FIRE DISTRICT.
6,000c_Nov 1 '23-'24 This district is in Berkshire County
3348'04 A-0 80,000c--Apr 1 1924 44s'13 M-S $52.000c_Sept 1 '18-'43
8,000c_Nov 1 '25-'26
330'04 M-N 20.000r_ ..Nov 1 1924 4s '14 .1-13
9,500_ __June 1 1944
Fire Bonet.
60,000c_Nov 1 '27-'36 4s'15 - $40,000 ___.-1918-1925
3348'05 81-N 20,950r_ -May 1 1925 TOTAL DEBT Jan 1 1916 $65.500
3348'05 F-A 20,000r_ _ -Aug 1 1925 Assessed valuation 1915___ 995.605 45 '16 J-D 40.500_ _June 1 '19-'36
70.000_......1926-1945
4s '06 F-A 47,000r_ __Aug 1 1926 Dist. tax (per $1.000) 1911-. $3.40 430'17 M-N' 27,000...May 1'
19-'27 TOTAL DEB
(7)
Highway & Sewer Bonds.
48 '06 M-N 14,000r_ -Nov 1 1926 Population In 1914 (est)
2.000
430'13 M-S $1,000c___Sept 1 1918 DANVERS.
330'08 J-D 40,000r_ --Dec 1 1928
INT. at Na;. Shawmut Bk.. Bost.
*Water Bonds.
5,000r.Mch 1 1931
33011 M-S
This town is In Essex County.
4s
J-D $50.000__June 1 '1,1-'23 Inc.
330'10 J-J 93,5000&-r.Jan 1 1930
1757 Population 1915.11.177.
45 g
J-D 12.000o-June 1 '19-'28
48 '10 J-J 120.000r. __July 1 1930 CHELSEA.
Electric-Light Bonds.
The city is In Suffolk County. 330
F-A
2,000o __Aug '18-'19 45
2.500--Metz 1 1932
334s'12 M-S
J-J
_July 1 1928
45
Settled
In
1630; incorporated as a
5,000c_ -_Feb 1 1932
14.000_112,000 yearly 4s '01 A 0 $16,000o__
3348'13 F-A
6,000c___Apr 1 1931
2,000c_June 1 1919 4s '14
4s '15 J-J 55.250Jan '19-'35 town 1739; as a city March 13 1857. 4s '14 J-D
0 7,500._Apr 1 '19 '25
Abatement of Nuisances Loan 4s '15 A-0 16.000 --Oct 1 '18•'26 48 '10 A
May 1 1924
3348
M-N 5,000_
A-0 1,400____Apr 1 1919
43 '16 M-N 13,000.... .Nov 1 1918 4s '10 J-J
(Inside Limit).
M-N 3,250_ _ _ _July 1 1931
430
1 1920
$4,000__June 1 '10-'20
16.000-Nov 1 '19-21 48 '07 A-0 12,000____July
434s
J-J 58,500Ju1y 1 '18-'35 4s
9,000___Apr 1 1922
'15Unpaid Bills Loan (inside Lim.) 43 '17 --8,000--Mar 1 '19-'22
43.0'17 J-J •100,000c_July 1 '18-'37
Water
Bonds.
4s '17 ___ $6,600_-_ _June i 1919 430'17
16,300__Ju1y 1 '18-'21 48 '06 A-0 $22,000c__Apr 1 1919
Cemetery Bonds.
Loan (inside Limit). 430'17 2,925-Sept 1 '18-'20 48
J-D 14,000c___June 1 1926
330'11 J-J $8,000r- _July 1 1921 4s Emergency
'17 __- $1,200____June 1 1919 BOND. DEBT Dec 1917-$1,295,375 48 '96 A-0
6,000c_Oct 1 31-'34
City Bonds.
4s '17 _-1,000-- _June 1 1919 Sinking fund (within limit)
2,000 48 '08 A-0 57.000.... Apr 1 1938
4s 08 --- $7.000r_ __Aug 1 1918
Fire Engine Loan (Inside Limit) Lees exemptions of
854,475
'06 A-0 2.000___Apr 1 1920
8,000r_ _ -July 1 1920 4s '17 __. $7,600_ _June 1 '19-'22 Assessed valuation, real_19.191.800 48
48 '10 J-J
3346'05 A-0 3,000_ __ _June 1 1935
330'08 __- 15.500r-Mar 1 1922
Police Dept.Loan (inside Limit) Assessed val.. personal._,. 7.744.910 4s '07 A-0 2.000____Apr
1 1937
26,936,710 4s '10 M-S 30.000____Mar 1 1940
Hospital Bonds (Outside Limit) 4s '17 _-_ 33,000....June 1 '19-'21 Total valuation 1917
Borrowing capacity
School Loan (Inside Limit).
$6,000r_ __July 1 1922
3348'02 J-J
141.398 48 '11 A-0 43,000_ __ _Apr 1941
48 '08 F-A 20,000r-Aug 1 1928 48 '16 J-D $18,000.. June 1 '19-'26 Tax rate (per $1,000) 1917...r...318.70
Peabody Family Bonds.
4s '10 J4 95.000c_ __July 1 1930 4s '17 _-- 25,000 __June 1 '19-'27 Population 1910. 25.401:1915,30,138 4s '12 M-N $6.000__May 1 '19-'21
Miscell. Loan (Inside Limit).
4.0000- -Deo 1 1931
330'11 J-D
*Loans authorized
$179,000
special Water debt
$7,200____Dec 1 1922 statute and not subject by
330'12 M-S 25,000r_ -Mch 1 1932 48 '12
to the law Electric-light debt
61.900
4,000.. _June 1 '19-'20 limiting municipal indebtedness.
1918-1936 4s '15 J-D
123,500
48 '16
Ordinary debt
15,000
Funding Loan (inside Limit).
M-$ 3,000Sept 1 1931
434s
TOTAL
DEBT
Dec
31 '17- 255,900
INT.at Nat. Shawmut Bank, Boa
4s '14 J-D $9,880____June 1 1919
Sinking FundsPlaygrounds Loan.
ton,
and
Old
Colony
Tr.
Co..
Boston. Water
Sewer Loan (Inside Limit).
$21,199
48 '10 J-J $50.000r ...,July 1 1940 4.9 '16 J-D $3,000__June
1 '19-'21
Electric light
19.880
330'11 J-J 25.000r-July 1 1921
Sidewalk
(inside Limit).
CLINTON.
Total sinking funds
41,079
350'l1 J-J 15,000r-July 1 1941 4s '14 J-D Loan
This town Is in Worcester County NET DEBT Doc 31 1917_- 214,821
$3,000_ _ _ _June 1 1919
330'11 J-D 30,000c_ -- Dec 1 1941 4s '15 J-D
Inc.
1850.
4,000__June
'19-'20
1
Population
1915. 13,192. Assessed valuation, real._ _6,749,650
35.000c__ _Sept 1192') 6s '16 J-D
4-9 '12
6,000-June 1 '19-'21
Refunding Bonds.
Assessed val., personl __1,201,033
12,000July 1 '18-'25 4s '17
48
6,000__June 1 '19-'22 330
J-J $175,0000_ _July 1 1930 Total valuation 1917--- 7.950.683
Public Library Bonds.
Department Loan (inside Lim.).
Ret'g Water (Outside limit).
Tax
rate (per $1.000) 1-916- --$21.20
3344'01 M-N $27,000r_ -Nov I 1921 4s 'i4 J-D $1,200_ __ _June 1 1919 330 g A-0 $42,0000-__Oot'18-'31
INT. at First Nat. Bank. Boston.




JUNE, 1918* I
DARTMOUTH.
This town is in Bristol County.
Water Bonds.
45 '15 F-A $46,000c_12,000 yearly
BOND. DEBT Jan 1 '18_ $46,000
83,500
Floating debt Jan 1 1918.._
Assess. val. real estate____5,030,700
618,750
Assess. val. personal
Total assess. val. 1917_ __ _5,649.450
Tax rate (per $1,000) 1917___$20.00
5,330
Population in 1915

MASSACHUSETTS-CITIES AND TOWNS.

Agricultural School Bonds.
4s '13 F-Af$21,000c_Aug 1 '18-'23
1 30,000c_Aug 1 '24-'33
4s '15 ___ 80.000
1918-1925
Bridge Bonds.
45 '08 M-1 $60,000c_Mar 1 '21-'23
15,000c_ _ _Mar 1 1924
4s '11 M14.000o_Sept 1 '18-'24
48 '11 ___ 15.000
1918-1922
4s '13 -__ 184,000
1918-1919
146,000
1920-1933
48 '13 J-D 30,000c..Dec 1 '18-23
4s'14
J-D
24.500c_Dee
1 '18-'24
DEDHAM.
'15 J-D x45,000c_Dec 1 '18-'26
This town is in Norfolk County. 4s
4s
'14
M-8
36,000c_Mar
1 '19-'27
Population
1915,
11.043.
1636.
Inc.
48 '13 ___ 56,000
1918-1933
Sewer Certificates.
5,000
1918-1919
F-A $69,000c-Feb 1 '19-'41 48 '15
4s
A-0 23,000c..Oct 1 '18-'29 48 '16 M-Nf70,000____Aug 1 1918
330
160.000.__ _Aug I- 1919
Street Loans.
Bonds.
4s '14 -__ $2,000 __ _July 1 '18-'19 4s Highway
'08
M-S
$50.000c_Mch
4s '17 M-S 12,000_Mar 29 '19-'22 48 '16 -__ 530,000__Juno 11 '19-'28
'19-'21
School Loans.
145,000_ _Juno 1 '22-'26
J-J $14,250_July 17 '18-'22
334s
Building Bonds.
3 Sss'09 .1-D 33,000 __June 1 '19-'29 48 '07 J-13 $225,000c_ Dec 1 '18-'29
4s '16 J-J 117,000__Jan 1 '19-'36 4s '09 J-D 70,000c_Doc 1 '18-'22
__- 14,875-July 1 '18-34
4s
15,000c_ _ _Dec 1 1923
Bridge Loan.
Hospital Bonds.
315.300__July 1 '18-'34 4s '17 -__ $150,000
4s
1919
TOTAL DEBT Jan 1 1918 $315,925 TOT. BD. DT. Jan 1
$992,500
60,175 Total constr. debt
Cash in troasury
399,000
Assessed valuation, real 11,495,475 Other indebtedness
72,829
2,295,205 Tot. indebtedness Jan 1 '18 _,464,329
Assessed val., personal
13,790,680 Cash on hand Jan 1 1918_ _ 240,251
Total valuation 1917
Tax rate (per $1,000) 1916_ --$18.00 Other assets
31,089
Net liabilities Jan 1 '18_ _ _ _1,192,989
/NT, by check from City Treas.
Assessed valuation, real_381,632,669
Assessed val., personal__ 90,406,540
DOUGLAS.
This town is in Worcester County. Total valuation 1917...._ _472,039,209
BOND. DEBT April 1914_ $42,000 Pop'n 1910, 436,477; 1915. 463,662
zINT. at Merch. Nat. Bk., Bost.;
Assessed valuation, real___1,041,422
Assessed vain. personal__ _ 379,520 others at 1st Nat. Bank, Boston.
1,420,942
Total valuation 1917
Tax rate (per $1,000) 1914_ _ 316.40 EVERETT. Nathan
NIchols,Treas.
Population in 1915
2,179
Everett is in Middlesex County.
/t was formerly a part of the town of
DUDLEY.
Malden, but was incorporated as the
This town is in Worcester County. town of Everett on March 9 1870.
Inc. 1732. Population 1915, 4,373, Incorporated as a city Jan. 2 1893.
Water-Supply Bonds.
Armory Notes.
334809 J-D $80,373c&rJune 1 '19-39 4s '02 11-S $6,737 -Sept 1 '18-'22
BOND.DEBT May 5 1917 $92,000
Street Notes.
Assessed valuation, real___1.752,820 45 '11 J-J $20,800 __July 1 18-'21
Assessed val., personal_ ___ 671,030 4s '12 F-A 25,000__Aug 1 '18-'22
Total valuation 1917___-2,423,850 5s '15 F-A
1,000_ _ ..Fob
_Feb 1 1919
Total tax (per $1,000) 1016_ __121.90 4 Xs'15.F-A
1,000__Aug 5 '18-19
Sewer Bonds.
INT. at Old Colony Trust Co.
48 '93 J-J $125,000c&r_July 1 1923
4s '99 M-S 100.000c&r_Mch 1 1929
EAST BRIDGEWATER.
4s '01 J-D 100,000c&r_June 1 1031
This town is In Plymouth County. 4s '05 J-D 25,000c&r_June 1 1935
Inc. June 14 1823. Pop. '15. 3.689. 4s '10 J-D 66006.. _June 1 1940
1918-1921 48 '10
4s '16 -_- $4,000
__
3,000 __Juno
_ _ _Juno 1 1940
Notes.
Fire-Station Bonds.
- $4,869
1918-1920 4s '08 M-8 $4,000c___Sept 1 1918
4s '15
High School Bonds.
45 15 P-A
6.000__Aug 1 '18-20
4s '12 M-S $22.5000 _ _ _ _1918-1932
School Notes.
Water Bonds.
4s01 A-0 $3.000-Aor 1 '19-'21
4s '12 A-0 $9,575c __ _1918-1924 4s '03 M-N 7.500__Nov 2 '18-'23
5,000c.._3500 yearly 4s '03 M-N 4.128„Nov 1 18-'23
4s '10 J-1)
44813 M-S 87 .500_ Mar 1 '19-43 48 '03 J-D
2,000 _June 18 '18-'21
10,500„Jan 1 '19-'25 48 '99 F-A 14,000 __Aug 1 '18-'24
431s13
Sewer Bonds.
4s'12 F-A 13.000r_Aug 1 '18-'30
$5,000c$1,000
yearly
J-D
4s '10
4348'13 A-0
3,000. _Oct 22 '18-'20
BOND. DEBT May 1913-$167,500
Fire Departatent Notes.
Floating debt
3.000 434s'14 F-A $1,000_ __Feb 2 1919
valuation,
real
Assessed
2,133,670
School Bonds.
Assessed val., personal
1,134,425 48 '05 J-J 156,000e_July 1 '18-'25
Total valuation 1917_ _ -3,268,095 48 '13 A-0 160,000c _Oct 1 '18-'33
Total tax (per $1,000) 1914_ _320.80 43.48'14 F-A 19,250__Aug 1 18-24
Hospital Bonds.
INT. at First Nat. Bank, Boston
4Sis'14 F-A $7,000_ _Aug
_ _Aug '18-24
Sidewalk Bonds.
4348'14 F-A $8.000__Aug 1 '18-'19
EASTHAMPTON.
County.
Hampshire
This town is in
4s '15 J-D f 7.000c___June 1 1919
1 6,000c___June 1 1920
Inc. Juno 17 1785. Pop. 1915, 9,845.
5s '17 ___
1,000_Nov 20 '19-20
Sewer Notes.
$6,500_ __July 15 1918
Hospital Bonds.
4s '08 J-J
4.000 __Apr 1 1923 434s'14 F-A $7,000_ _Aug 1 '18-24
334s'05 A-0
Playground Notes.
4s '04 June 16,000 __Jan 1 '19-20
3 Xs'05 Apr 10,000...Apr 1 '21-'22 48 '11 14-N $2,000__May 15'18-'19
Playground Bonds.
4s '06 .1-D 13,500 June 1 '24-'25
45 '15 1P-A $12.000__Aug 1 '18-'21
School Loans.
Refunding bonds.
4s '11 /d-S 126,000 _Sept 1 '18-30
20,000c_July 1 '18-27 4s '05 M-N 112,000c_May 1 '19-'30
4s '12 J-J
A-0 16.000__Oct 1 '18-'25 48 '06 M-N 13,000c_1Iay 1 '19-31
4s
45 '16 ___
6,000-Nov 1 '18-'19 Is '07 11-N 14,000e-May 1 '19-'32
2,300___ _Nov 1 1920 48 '08 M-N 15,000c_May 1 '19-'33
48 '09 Id-N 11,000c_May 1 '19-29
Water Bonds,
49 '11 J-D $3,000c_June 1 '19-'20 4s '10 M-N 7,000 __May 1 '19-'25
4.9 '11 M-N 4.000c_ Nov 1 '18-21
Water Notes.
3%sJ- D 11-N 114,000r_Nov 1 '18-'24 Is '14 F-A 22,000_._Aug '18-'39
Surface Drainage Bonds.
A-0 12,000r_Oct 1 '18-'21
48
BOND. DEBT Jan 1 '18__ $150,800 46'01 &'3J-D1200.000e&W ne 1'31 &33
77,000 4s '14 F-A
Temporary indebtedness__
2,000__Aug 1 '18-19
Assessed valuation, real_ -6,700,322 4s '15 F-A
9.000_ Aug 1 '18-10
Assessed val., personal.._ -3.046,569 434817 ___
9,000_ _Juno 1 '19-'21
112,800
Water Main Notes.
Assess. val. bank stock_ _ _ _
Tot. assess. val.'17 (4-5act)9,809,691 448'15 P-A $3,000_Aug 5 '18-'20
Surface Drainage Notes.
Tax rate (per $1,000) 1917- --$20.20
$2,000_ __Mar 1'19-'20
INT. In Boston at First Nat. flit. 448'I5 M-8
43.4816 A-0 :3,000____Oct 6 1918
43.48 17 .1-D 19,000_ _ _Juno '19-26
sitar Bonds.
EAST LONGMEADOW.
This town is in Hampden County. is '91 J-J 6100.0000cr_July 1 1921
48 '92 J-J
Incorporated July 1 1894.
30,000c_ __July 1 1922
48 '94 J-J
Water Bonds.
70.000c&r_Jan 1 1924
Street Bonds.
M-INS:37,500eNov 15 '18-42
43s
4s '09 A-0 $5,000c_ __Apr 1 1919
School Bonds.
J-D $17,000e_Dec 1 '18-34 48 '10 J-J
48
18.000c_July 1 '18-'20
450'13 J-J
School-House Notes.
27.280__July 1 '18-'23
3
3%s
A-0 $4,000
1918-1921 00'13 A-0
6,600__Oct 1 '18-'23
434s
1918-1919 48 '14 J-J $11,000c_July 1 18-'24
M-8 1.000
450'14 F-A
Road Notes.
6,000_Aug 1 '18-'19
41-10s J-D $1,000
7,000c_June 1 '19-25
1918-1919 4s '15 J-D
130ND. DEBT Apr 8'18_ 160,500 4548'13 A-0
1,000
Oct 1918
Floating debt
20,000 BOND. DEBT Apr 1 '18_11,317,780
Water debt (included)
37,500 Water bonds (additional)_
200.000
A-ssess. val. real estate_ _ _ _1,473,360 Note debt
154,565
Assessed val. personal_ _ _ _ 197,920 TOTAL DEBT Apr 1 '18_ 1,572,345
Total assessed val. 1917 _31,671,280 Sinking funds
489.389
Total tax rate (per $1,000)'17.119.60 Borrow. capac. Apr 1 '18- 445,661
Population in 1915
1,939 Assess. val, real estate_ _ _32,261,450
Assess. val. personal
5,80(3,500
INT. on bonds is payable at Old Total
valuation 1917.--.38,068,250
Colony Trust Co., Boston; on notes
Tax rate per $1,000, 1917__..$21.80
in Boston.
Popula'n 1910, 33,484; 1915, 37,718
INT. on coupon bonds in Boston
ESSEX COUNTY.
Salem is the county seat.
at Merchants' Nat. Bk. and Old Colony Tr. Co.; on city notes by TreasStreet Bonds.
1918-1923 urer's check.
45 '13 ___ $30,000
5,000
WATER WORKS.-City owns
1918
4s '1:3 _-_
1918-1919 and operates its water works. Re48 '14 ...._ f 4,000
140,000
1920-1927 ceipts for 1917 (April 1 from water
1918-1923 rates, $70,380.
43s'17 M-N 24,000




FAIRHAVEN.
This town is in Bristol County
Inc. Feb. 22 1812. Pop. 1915.6,27
Bridge (Int. at First Nat. Bk.,Bos.)
4s '07 M-N $31,000c_Nov 1 '18-49
BOND. DEBT Apr 8 1916_ $44,000
Floating debt
85,750
Assessed val., real
4,473,852
Assessed val., personal
1.153,239
Total valuation 1917
5.627.091
Total tax (per $1,000) 1916-321.00
FALL RIVER.
This city is in Bristol County.
Inc. in 1854. Pop'n 1915, 124,791.
Police-Bldg. Bonds.
48 '15 M-8 $7,000r_Mar 1 19-'25
4s '14 J-J 136,000. July 1 '18-34
Public Improvement Bonds.
4s '14 M-S$108,500__Mar 2 '18-'24
4s '15 J-J 35,000__Jan 1 '19-'25
4s 16 M-8 80,000__Mar 1 '19-26
4s '15 M-S 49,000__Mar '19-15
48 '16 F-A 31,500__Aug '18-'26
4s '17 M-S 90,000__Mar 1 '19-'27
Municipal Loans.
4s '08 F-A $20,000,.. .Aug 1'1918
3 348'07 M-S 177.250_ -Mch 1 1919
334s'09 J-J
15,000--July 1 1919
48 '09 M-N 15,000.. _Nov 1 1919
45 '10 J-D 100,000 __ __Dec 1 1920
ss '10 M-S 170.000....-Mch 1 1920
48 '11 M-S 140,000.. __Mch 1 1921
4s '11 J-D 20,000 __June 15 1921
As '12 F-A 215,000_ _ _ _Feb 1 1922
;s '12 M-8 12.000____Sept 3 1922
s'13 F-A 90.000r_ __Feb 1 1923
4 s13
F-A 27,000r_Aug 1 '18-23
4s '13 J-D 60,000__Dec 1 '18-'23
Almshouse Bonds.
4%s'14 M-Nf$4.009__Nov 2 '18-'19
115.000_Nov 2 '20-'34
57,000__Jan 1 '19-16
4s '16 J-J
4s '15 P-A 67.000__Aug 2 '18-35
Street Bonds.
4s '16 F-A $237,500_ _Aug l'18-'36
Sewer Loans.
Is '95 F-A 165.000..-Feb 1 1925
48 '96 J-J 100,000'_ __July 1 1926
48 '96 A-0 75,000_ _Apr 1 1926
4s '97 A-0 50,000.- _Apr 1 1927
48 '98 A-0 40,000...-Apr 1 1928
4s '98 J-J 100,000'. _July 11028
4s '99 F-A 45,000___F&A 1 1929
4,'99 M-N 40,000_ ..May 15 1929
3 34s'00 M-N 25,000_ .May 1 1930
3 Sis'00 F-A 20.000- __Aug 1 1930
3 is'01 A-0 25,000_ _Apr 1 1931
334s'01 J-J
20,000- July 1 1931
334s'02 A-0 l00.000' _Apr
__Apr 1 1932
31.48'03 A-0 50,000 __ __Apr 1 1933
3348'04 11-N 100,000"_ _May 2 1934
3 3.48'05 11-S 40,000_ __Mch 1 1935
__ __Mch 1 1936
,
4s '07 M-S 50,000._ _ -Mch 1 1937
4s '07 J-D 15,000- __June 1 1937
48 '08 1M-S 50 000_ __Mch 2 1938
4s '08 J-D 20,000_ __June 1 1938
3348'09 M-S 50,000 __ __Mch 1 1939
45 '10 11-S
_Mch 1 1940
50,000_1 '18-'30
4s 10 J-J 126.000r*July
110.000r*July 1 '31-'40
48 '11 11-S 50,000 _ _ -Itch 1 1941
4s '12 11-S 70.000.- ...Teich 1 1942
43.48'13 A-0 50,000_*Apr 1 '19-'43
43-813 M-N 50,000_*May 1 '19-'43
48 '14 S1-8 52,000*_Mar 2 '19-'44
4s '14 M-8 521.000*_July 1 '18-'24
140,000*-July 1 '25-'44
48 '15 M-8 f69,000r_Mar 1 '18-'40
110,000r_Mar 1 '41-'45
4s '16 M-S 87.000__Mar 1 '18-'46
4s '16 F-A 24,000___Aug '18-'41
4s '17 M-S i27,000_ _Mar 1 '19-'27
40,000_ _Mar 1 '28-'47
4s '1Z A-0 27,000 .Apr 1 '19-'27
20,000 .Apr 1 '28-'37
Bridge Bonds.
Is '07 J-J $56,000..-Jan 1 1957
48 '10 J-D f306,000' __Dec 1 '18-'34
1 96,000•_Dec 1 '35-'40
High WAY Loans.
3 3.48'09 J-D 825.000 __ __June 1 1919
Is '08 11-N 10,000... _Nov 2 1918
Is '10 J-J
25,000r_ __July 11020
48 '11 M-N 15,000- __Nov 1 1921
25,000....July 1 '18-'22
4s '12 J-J
Is '12 J-D 15,000____Dec 2 1922
Is 13 F-A 190.000r_ __Feb 1 192:3
_Mar 1 1919
4s '14 M-S 19,000_ _Mar
4s'15 M-8 38,000r_Mar 1 '19-10
4s '15 A-0 18.000__Oct 1 '18-10
4s '15 F-A 30,000„Aug 2 '18-20
4s '16 F-A 237,500__Aug 1 '18-'36
4s'16 P-A 32,000___Aug 1 '18-'21
4s '16 M-8 72.000___Mar '19-'21
4s '17 M-8 101.O00 .Mar 1 '19-'22
Park Bonds.
3348'02 A-0 $25,000'_ -Apr 1 1952
3 5.4s'02 J-D 25,000'_ _ -Dec 1 1952
3 Sis'03 M-N 25,000". __May 1 1953
25,000'. __July 1 1953
33.4s'03 J-J
32,500r•July 1 '18-'30
4s '10 J-J
Playground Bonds.
33009 J-J $100,000'.. _July 1 1939
'Is '14 M-N 42,000 .May 1 '18-'44
14,000 _July '18-'45
4s '15 J-J
14,000„Jan 1 '19-'32
4s '16 J-J
Hospital Bonds.
4 1.is'08 11-N $35.000 May 1 '19-'28
4s '17 M-8 172,000__Mar 1 '19-'27
170.000__Mar 1 '28-'37
Water Bonds(Outside Limit).
48 '93 J-D 175.000--June 1 1923
11-N 75,000-May 1 '24-'26
4s
Is '95 J-D 50.000 __ __June 1 1925
Is '97 A-0 50,000 --Apr 1 '27-'28
M-N 150,000 __Nov 1 '23-'28
413
Is '99 11-N 50,000- _May 1 1929
Is '99 F-A 150,000_ _-Aug 1 1929
3 3Ss'99 M-N 175,000._ __Nov 1 1929
3 Sis'00 F-A 100,000.- __Feb 1 1930
3 SWOO M-N 20.000 _ _ __May 1 1930
A-0 60,000 _Apr 1 '31-'33
”Ss
_ __Apr 1 1932
31.4802 A-0 50,000 __Apr
334802 J-D 50,000 __Dec 1 1932
48 '04 M-N 20,000._ _May 2 1934
3 34s'04 F-A 175.000_ __Feb 1 1934
4s '15 M-N 46,000_ -Nov 1 '18-'45
4s '15 J-J 135,000__Jan 1 19-'45

31

Equipment Bonds.
45 '15 __- $42,000__Aug 2 '18-'20
School Loans.
3%WOO M-NS190.000* _ _May 1 1925
3348'04 J-J 150,000"._July 1 1924
48
J-D 140.000'.June 1 '27-'28
4s '08 J-D 70,000*___June 1 1928
33s'09M-N 148.000*_May 1 '19-'34
110.000*_May 1 '35-39
3348'09 J-J 60,000-• __July 1 1929
Is '09 M-S 11,000" _Sept 1 '18-'39
4s '10 J-J
92,000*rJuly 1 '18-'40
4s '10 J-J
65.000*rJuly 1 '18-'30
4s '11 M-8 f 9,000*r.Mar 1 '19-'21
120,000*rMar 1 '22-'31
4s '13 M-N 15.000*_May 1 '19-33
49 '11 J-D 65,000....*J'ne 1 '19-'31
Is '14 J-J
68,000*_July 1 '19-'34
Public Library.
48 '95 J-D 6150,000*__J&D 1 1925
Is '97 J-J
75,000'.--Jan 1 1927
['Special loans.)
Harbor-Improvement Bonds.
4s '16 J-D J$18,000_ _ _Dec 1 '18-'26
1 5,000_ _ _Dec 1 '27-'31
Jan. 11018.
Municipal bonded debt _ _ _$6,910,050
Sinking fund, &a
2,102.634
Net city debt__ _ _ _34,807,416
Spec. loans, less sink.fund 2,531,758
Net city debt, less special
loans ____
$2,275,658
Water debt(-additional) _ . 1.436,000
Water sinking funds
769,591
Net water debt_
1666,409
Total net debt__ _ _ _ _ _15.473,825
Val. city prop'ty -1917
- ___ 9.274,165
Incl. water-wks. val. at. _ 2,119.300
Ass'd value, real estate__ 68.022,150
Assessed val., personal...42.341,089
Total val. 1917
110,363,239
Tax rate (per $1,000) 1916 _ _$21.20
INTEREST on most of the bonds
is paid only at office of City Treasurer; on some small issues in Boston.
FALMOUTH.
This town is in Barnstable County.
Inc. 1686. Population 1915,3.917.
Channel Bonds.
___ 814,500_ 32.500 yearly
Water Bonds.
340 A-0 11:16,000 c -1918-1934
4.'12 M-N 40,000
BOND. DEBT Jan 1 '15_ $251,500
Assessed val., real
5,960,180
Assessed val., personal
975,610
Total valuation 1917
6,935,790
Tax rate (per $1,000) 1916_310.20
INT. at International Trust Co.,
Boston.
FITCHBITEG.
This city is in Worcester Co. Inc.
as town Feb.3 1761; cityMar8 1872.
Municipal Loan.
4s '09 11-N $21.000r_Nov 1 '18-'19
Is '10 M-N 10,500r_Nov 1 '18-'20
Is '11 1.1-N 34,000r_Nov 1 '18-'21
Is '12 M-N 63,500r_Nov 1 '18-'22
Is '13 M-N 87.000r_Nov 1 '18-'23
Is '14 M-N 61.600r_Nov 1 '18-'24
Sidewalk.
3348
500r___Nov 1 1918
4s '13 M-N 4,000r___Nov 1 1918
Paving.
33is
7,500r___Nov 1 1918
4s '14 M-N 20,000r_Nov 1 '18-19
Macadam Pavement& Sidewalk.
33s'15 11-N $6,000____Nov 1 1918
354s'16 M-N 25,700__Nov 1 '18-23
Street Emergency Bonds.
3Sis'15 M-N$13.800__Nov 1 '18-'20
Playground Extension Bonds.
33.48'16 M-N$13,300_ _Nov 1 '18-'22
Fire Department.
33is
$100r___Nov 1 1918
Sewer.
200r_ _Nov
Nov 1 1918
3%s
___
48 '11 F-A 76,800r_Aug 1 '18-41
4s '12 F-A 161,500r_Aug 1 '18-'42
4s '13 F-A 169,800__Aug 1 '18-'43
48
179,300r_Aug 1 '18-'44
4s'15 F-Af126.000r_Aug 1 '18-'35
1 60,000r_Aug 1 '36-'45
Bridge Bonds.
31.s .
$500----Nov 1 1918
Sewer, Street, Paving & Bridge.
4s '16 M-N$55,385_Nov 1 '18-29
Various.
Is '15 M-N$71,200r_Nov 1 '18-'25
43 Water.
A-0$300,000r __Nov 1 1922
46
A-0 50,500r __Oct 1 '18-'37
3 So
J-D 12,000r Deo 1 1922
55,000r_July 1 '23&26
33411
J-J
4.1 '09 M-N 17.200r __Nov 1 '18-'39
48 '10 M-N 11,500r _Nov 1 '18-'4.0
4s '11 M-N 6,000r__Nov 1 '18-'41
48 '12 M-N 19.200r_Nov 1 '18-'42
4s '14 M-N 27.000r_Nov 1 '18-'44
4s '15 M-N140.000r_Nov 1 '18-'45
4s '16 M-N 70,300__Nov 1 '18-'32
School.
Is
M-N$200.000cSarMay 1 1923
4s
J-D 50.000r __June 1 1925
___
1,900r _Nov 1 1918
33.48
2.500r_Dec 1 '18-'22
45
m
3 siStreet.
-N $4,750.. Nov 1 1918
33.48
Restoration of Trust Fd. Bonds.
$25.400r_May 1'19-'22
48
Debt Dec. 1 1916.
Total funded debt
$2,416,800
Water debt (Included)_ _7
42
1512
Sinking funds
355.900
Borrow. eapac. Dec 1 '17_
464,900
Assessed val., real
31.464.450
Assessed val., personal_ _ _ 8,665.645
Total valuation 1917
40.130.095
Tax rate (per $1.000) 1916-- 20.40
Popula'n 1910, 37,826; 1916, 41,445
INT. on coupons Is payable at
Merchants' Bank, Boston: reg. int.
remitted by check.

32

MASSACHUSETTS-CITIES AND TOWNS.

FOXBOROUGH WATER SUP- GLOUCESTER.
PLY DISTRICT.
Gloucester is in Essex Co. Inc.
District was organized under town 1642; city 1874. Pop'n 1915,
Chapter 196, Laws of 1879 and 24,478. All bonds issued are coupon in form.
Chapter 205, Laws of 1891.
Jan $10,000
4s
Municipal Bonds.
($2,500 yearly in Jan.)
J-D 57,000
1918-1918
45
4s
J4 $2,000
1918-1918
J-D
6,000
4s
($1,000 yearly in July)
1918-1919
330
J-D
3,000
45
A-0 $15,000_Apr 1920-1934 4s
1918-1926
J-D 18,000
334s
A-0 3,000
1918-1919
J-D 10,000
48
($1,000 yearly in Oct.)
1918-1919
J-D
4,000
330
A-0 $8,000_Apr 1922-1929 48
1918-1920
M-N 12,000
4s
4s
J-J
5,000
1918-1920
M-N
9,000
48
($500 yearly on July 15.)
1918-1920
M-N 4,000
4s
4s
J-D $3,000
J-D 36,000
1918-1921
4s
($500 yearly on June 15.)
J-D 45,000
1918-1922
48
430
F-A $11,000
J-D 15,000
1918-1932
4s
($1,000 yearly on Aug. 15.)
1918-1922
4s
J-D 10,000
Water Bonds.
1918-1923
J-D 36,000
434s
48 '16 A-0 $10,500c-_Oct 1 '18-'38 48
M-N 18,000
1918-1923
BOND. DEBT Jan 1 '18- $67,500 430
1918-1923
J-J
6,000
Floating debt
1,500 48
J-J
1918-1934
8,500
Sinking fund
43 4s
J-J
1918-1925
8,000
Total assess. val. 1917_ _ _ 2,085,750 4s
1918-1926
M-N 10,000
Tax rate (per $1,000) 1917_ M-N 13,000
1918-1926
Population in 1917 (est.)
3,600 4s
J-J
1918-1925
4s
17,000
1918-1927
M-N
30,000
4s
FRAMINGHAM.
J-D 10,000
1918-1927
This town is in Middlesex Comity. 4s
St. Extension (Outside Limit).
Incorporated in 1700.
1918-1932
330
J-D $20,000
Sewer Notes.
430'13 A-0 $4,000
191O-1922
Park Bonds (Outside Limit).
J-J $39,375
1918-1938
Trust Funds Retoration Notes. 4s
48 '14 J-D $36,000
1918-1929
Bridge Bonds (Outside Limit).
J-D $4,000
4s
1918-1921
School Land Notes.
4s '16 F-A $4,500
1918-1923
Water Bonds (Outside Limit).
43,0'17 J-D 10,000
1919-1928 3j.s
1918-1931
A-0$364,000
Os '18 M-N 7,800
1919-1926 33s
1918-1932
A-0 193,000
4s '04 A-0 48,000
1918-1934
Water Notes.
1918-1935
4s '16 J-D $8,000
1918-1921 4s '05 A-0 17,000
1918-1936
48 '17 M-S 8,000
191971927 4s '06 A-0 18,000
4s
'07
A-0
1918-1937
18,000
Park Bonds.
1918-1938
48 '08 A-0 20,000
4s '15 F-A $28.000c-Aug 1 '18-'45 4s
'09 A-0 21,000
1918-1939
Public Playground Bonds.
4s '10 A-0 12,000
1918-1930
430'13 J-J $26,000-July 1 '18-'43 4s '12 A-0 14,000
1918-1932
Water Bonds.
4s '1 1 A-0 23,000
'918-1941
330'05 A-0J126,000c_Oct 1 '18-'35 48 '13 A-0 25,000
1918-1943
4s '06 A-0 154,000c__Oct 1 '18-36 4s '14 A-0 26,000
1918-1944
4s '07 F-A 20.000-Aug 1 '18-'37 43 '15 A-0 27,000
1918-1945
330'09 A-0 32,000c-Oct 1 '18-'39 48 '16 A-0 28,000
1918-1946
4s '12 J-D 23,000c_June 1 '19-'30 4s '17 A-0 29,000
1918-1947
4s '15 A-0 24,000c_Apr 1 '19-'30 5s '18 A-0 20,000
1918-.038
Water Co. Bonds (assumed).
GEN.DEBT Apr 1 1918.. $335,500
4 Ms '06 - - $145,000.......--1925 Street debt (additional) __
20,000
Bridge Notes.
Park debt (additional) __
39,375
43,0'13 A-0 $5,000_Apr 29 '19-'23 Water debt (additional)..- 903,000
School Bonds.
Bridge debt (additional) _4,000
48 '06 A-0 $56.0000_Oct 1 '18-'31 TOTAL DEBT Apr 1 '18-$1,301,875
48 '08 A-0 22,000c-Oct 1 '18 '28 Assess. value, real estate_21,363.245
48 '12 M-S 55,000
1918-1932 Assessed value, personal__ 3,685.561
4s '16 A-0 18,000c--Oct 1 '18-'35 Total assess. val.'17(act.) 25,028.806
Sewer Loans.
Tax rate (per $1,000) 1917-_$23.40
4s '14 J-D $28,000-June 1 '19-'32
INT. on city bonds at First Nat.
Debt Dec. 31 1917Boston; on water bonds at
Town debt (inside limit)
$121,500 Bank.
Town debt (outside limit) _
189,000 National Shawmut Bank. Boston.
Water debt (outside limit). 484,000
Borrow.capac. Dec.31'17 403,551 GRAFTON.
This town Is in Worcester Co. Inc
S.fd.water (outside limit)
91,188
Assess. val., real estate___14,213,910 Apr. 18 1735. Pop'la'n 1915, 6,250.
Assess. val., personal____ 3,277,767
School Bonds.
Total valuation 1917
17,491,677 330'99 J-J 336,000c_July 18 '1-'39
Total tax (per $1,000) 1917--$20.00 4s 08 Dec
2,970c -1918-1928
Pop'n '15, 15,860; '17 (est.)_ 17,000
Notes.
INT. at First Nat. Bank, Boston
5s '09 J-D
$760.._ -$380 yearly
4s '11 June 1,200..___$300 yearly
FRANKLIN.
4s
'13
J-D
1
,800..---3300 yearly
This town is in Norfolk County.
2.580......$430 yearly
Inc. Mch.2 1778. Pop. 1915,6,440. 4s '13 J-D
45 '14 J-D
1,200---3600 yearly
Sewer Bonds.
4.5 '14 M-N$63,000c_Nov 1 '18-'38
Funding Bonds.
4s '15 M-N 30.000c-Nov 1 '18-'19 4s '89 A-0 333,000c_Oct 1 '18-'39
4s '15 F-A 44,000c-Aug 1 '18-'39 BOND. DEBT Apr 1918-- $71,970
Notes outstanding
7,540
Sewer Loan Notes.
_s
40,344
J-D $6,000__Dec 1 '18-'20 Cash on hand
Assessed valuation, real
School Bonds.
2,458,215
48 '12 M-N$20,000.-Nov 1 '18-'27 Assessed val., personal
880,826
Total valuation 19173.339,041
School Notes.
4s '17 M-S $12,000__Sept 1 '18-'29 Tax rate (per $1,000) 1917---$18.50
Water Works Bonds.
INT.on funding bonds and school,
4s '07 J-D$124,000c_June 1 '18-'36 330 at Treas. office, school 4s at
45 '09 J-D 16,000c_June 1 '19-'34 First Nat. Bank, Boston, on notes
4s '11 J-D
44,600e_June 1 '19-'40 at Grafton Savings Bank.
430'13 F-A 21,000c_Aug 1 '18-'38
BOND.DEBT Apr 15 '18- $383,000
Water debt (included)___ 208.000 GREAT BARRINGTON.
This town is In Berkshire County.
Floating debt
10,000
Assessed val., real
4.271,555 Inc. 1761. Popula'n 1915, 6,627.
Assessed val., personal
989,860
School Bonds.
Other assessable property.._ 98,763 Is '07 J-D $35,000c_Deo 1 '18-'27
Total valuation 1917
5,360,168 BOND.DEBT Apr 5 1918.. $35,000
(Assessment at fair cash value.)
Assessed val., real
5,229,815
Total tax rate (per $1,000)'17_$23.50 Assessed val., personal.. -1,695,005
6,924,820
/NT. payable at Franklin Nat. Bk. Total valuation 1917
Total tax rate (per $1,000)'17.. $6.40
GARDNER.
INT. payable in Boston at Old
This town is in Worcester Co. Inc. Colony Trust Co.
June 27 1785. Pop'n 1915. 16,376.
Isolation Hospital Loan.
BARRINGTON FIRE
4s '15 A-0 $16,000__Apr 1 '19-'25 GREAT
DISTRICT.
4s '15 _-_
3.000
Water Bonds.
School Loan.
__ 355,000__July 1 '23&'37
48 '97 J-J $17,500c_July 1 '18-'24 _s
6.250c_June 1 '19-'23 43 '12 J-I5 31,500c_Dec 1 '18-'32
4s '04 J-D
330'04 J-D
5,250_June 1 '18-'24
Water Notes.
___ $5,000___Aug 1 1927
430'17 M-S 56,000c_Sept 1 '18-'31 _s
_s
___
5,000.... _Nov 1 1935
Street Bonds.
43is'.12 M-N $5,937.50Nov 1 '18-'22 _s
___
2,000__July 1 '18-'19
430'16 F-A
1918-1919
2,000
Notes.
Sewer Loans.
_s
--- $14,000_$2,000 yearly
330'01 M-N $18,0000_May 1 '18-'26 Bond & note debt Apr 1 '18 $112,500
330'01 F-A
9,800-Aug 1 '18-'31 Floating debt
1,186
Is '03 M-S
7,000c_Sept 1 '18 '31 Cash on hand
1,056
8,000c_June 1 '18-'34 Sinking fund
45 '04 J-D
41,993
334s'04 A-0 25,500o_Oct 1 '18 '34 Tax rate (per $1,000) 1917____$6.00
48 '05 M-N 9,000_Nov 1 '18 '35 Population 1912 (est.)
4,000
330'09 F-A
9,500 ..Aug 2 '26-'39
INT.at Old Colony Tr. Co., Bost.
3,000c_July 1 '18-'20
4s '10 J-J
Playground Notes.
48 '09 A-0 $1,000...-Oct 1 1917 GREENFIELD FIRE DIST. NO. 1.
This district is in Franklin County.
Sewer Scrip.
4s '06 J D $10,000c_Dee 1 '18-'3(1 Organized May 6 1870.
Water Bonds.
Water Supply Bonds.
48 '04 M-N $170,500c_May 2 '18-'34 430'13 J-D $36,000c_June 1 '18-'28
33,000e_Oct 1 '18-'39
48 '09 A-0
Reservoir Notes.
__ '17 --_ 30,000__Apr 1 '18-'47 45 '05 A-0 1330,500r_Apr 15 '18-'24
20,000__July 1 '18-'37 43 '10 M-N 48,750c_Nov 1 '18-'30
4s
GEN.BD.DT.Jan 1 '18$215,487.50 TOTAL DEBT Jan 1 1918 $115,250
Permt' debt Aug 29 1917- $454,657 Assessed valuation 1917_ .12,998,220
Floating debt
130,000 Tax rate (per $1,000) 1917.._$1.40
Total valuation 1916_ -....$11,807,291
INT. on water supply bonds is
Tax rate (per $1,000) 1917......$22.50 payable at First Nat. -Bank, Boston;
INT. at Nat. Shawmut Bk., Bost. on others at Treasurer's office.




GROVELAND.
This town is in Essex County.
Water-Plant Bonds,
43is'14 A-0 $50,000__Yrly to 1944
NET DEBT Jan 8 '16
$56,235
Assessed val., real
1,165,939
Assessed val., personal
276,777
Total valuation 1917
1,442,716
Tax rate (per $1,000) 1915.... _ _$22.20
Population in 1910, 2,253; '15, 2,377
HADLEY.
This town is in Hampshire County.
Refunding bonds
$24,000
BOND. DEBT Apr 1918
26,000
Floating debt
7,680
Assessed f Real estate
1,981,585
valua.1Personal
420,679
Total valuation 1917
2,402,264
Tax rate (per $1,000) 1916..___$18.60
Population in 1915
2,666

[Vol.. 106.

HOLBROOK.
This town is in Norfolk County.
Inc. Feb. 29 1872. Pop. '15, 2,948.
Water Works.
48
J-J $35,000c.....July 1 1922
3,000r_July 1 '23-'25
4s '04 J-J
4,000r-July 1 '26-'29
4s '09 J-J
12.000c -1924-1932
48 '11 J-J
2,000r ____1923-1924
_s
A-0
J-J
4.000e____1933-1934
-a
Refunding Loan.
4s '11 J-D $12.000__June 1 '19-'30
BOND.DEBT Apr 2'15.._ 8117.600
5,684
Floating debt
46,720
Sinking fund assets__
1,509,480
Assess. val. real
231,757
Assess. val. personal
.....1,741,237
Total val. 1917
..
Tax rate (per $1,000) 1914_ __$20.70
INT. at Boston/at Nat. Shawmut
Bk. and First Nat. Bank.

HADLEY WATER SUPPLY DIST.
BOND.DEBT Apr 1916...... _$49.200 HOLYOKE.
This city is in Hampden County.
HAMPDEN COUNTY.
Inc. April 7 1873. Pop'a '15.60,816.
County seat is Springfield.
Miscell. Municipal Bonds.
School Bonds.
4s '16 J-D$126,000c_June 1 '19-'36 45 '07 A-0 $14,000__Apr 1 '19-'37
45 '11 A-0 57,000__Apr 1 '19-'21
Notes.
4s '16 A-0$100,000r-Oct 1 1919 330'09 M-S 6,000____Mar 1 1919
48 '09 J-J 91,000__July 1 '18-29
Court-House Bonds.
48 '11 M-S$140,000c_Mch 1 '19-'32 4s '10 M-N 28,615__May 1 '19-'30
4s '10 M-N 16,000__May 1 '19-'20
Hall of Records Bonds.
48 '08 F-A $20.0000_Aug 15'18-'19 Is '12 A-0 12,500__Oct 1 '18-'22
BOND. DEBT Apr 1918-- $293,000 430'13 J-D 77,500__June 1 '19-'23
Floating debt
155,858 4s '13 J-D 93,200__June 1 '19-'30
Assess. val. real
288,955,149 4s '13 M-N 15,000_Nov 1 '18-'23
Assess. val. personal....
59,635,283 49 '14 J-D 64,000....June 1 '19-'34
Total val. 1917
348,790,432
Bonds.
Popul'n 1910,231,369; 191o, 262,944 48Sidewalk
'14 J-D $4,000____June 1 1919
INT. at Old Colony Tr. Co.. Boa. 'Is '15 M-S 4,000__Mar 1 '19-'20
9,000_June 15 '18-'21
'Is '16 J-D
HAMPSHIRE COUNTY.
Highway Bonds.
Northampton is county seat.
Connecticut River Bridge Notes 4s '14 J-D 41,000Juno 1 '19-24
4s '15 M-N$43,000c.May 15'19-'25 48 '15 M-S 49,000Mar 1 '19-'25
4s '16 J-D 108,000_June 15 '18-'26
Sanatorium Loan.
430
-__ $39,000..($6,000 yearly
Sewer Bonds.
on Oct 15.)
45
'04 M-N 16,000_May 1 '19-'34
State Highways.
19.000....Aug 1 '18-'36
-s$65,593.51_Nov 15 '18 48 '06 A-F 10,000..
..Apr 1 '19-'28
4s
'08
A-0
TOTAL DEBTDec 31 '17_ $147,594
1 '19-'29
Assess. val. real
44,163,892 33,0'09 M-S 11,000__Mar
M-S 12,000.. Mar 1 '19-30
Assess. val. personal
13.002,616 48 '15 J
9,000_June
15
'18-'26
4s
'16
-D
Total val. 1917
57,166.508
Pop'n, 1910, 63,327; 1915, 69,549.
Bonds.
INT. at First Nat. Bank, North- 44 Building
'15 M-S 64,000__Mar 1 '19-'35
ampton.
18,000__July 1 '18-'35
45 '15 J-J
4s
'16
J-D 64,000_June 15 '18-'36
HATFIELD.
This town is in Hampshire County.
Emergency Epidemic Bonds.
Incorporated in 1670.
Is '16 M-N$64,000__Nov 1 '18-'21
BOND. DEBT Apr 1 '18- $82,000
Departmental Equip. Bonds.
Water debt (incl)
50,000
Floating debt
25,000 4s '16 J-D $23,000_June 15 '18-'21
Sinking fund (water)
26.508
Isolation Hospital Bonds.
Assessed val., real estate 1,734,806 430'18
A-0 $25,000__Apr 1 '19-28
Assessed val., personal..
376,599
Total, assessed val. 1917
School Bonds.
.
(60% acct.)_
2,111,405 3345'00 M-N$15,000__May 1 '19-'20
Tax rate (per $1,0
--00) 1917_ _ _$21.00 330'05 M-S 15,000__Sept 1 '18-'20
Pop. '15, 2,630; 1918 (est.)____2,900 4s '07 A-0 3,500__Apr 1 '19-'25
4s '08 A-0 15,000Apr 1 '19-'28
HAVERHILL.
4s '09 S-M 3,000__Sept 1 '18-'19
This city is in Essex County. Set- 48 '10 M-N' 36,000__May 1 '19-'30
tled 1640; Incorp. as a city 1870. . Is '11 A-0 50,000__Apr 1 '19-'28
4s '16 ___ $183,300
1918-1944
4s '16 --- 12,000__Apr 1 '19-'21
Park Bonds.
48 '07 A-0 9,500__Apr 1 '19-'37
Municipal Bonds.
$12,000__Aug 1 '18-'20 45 '08 M-N 5,000__May 1 '19-'28
430'17F-A
6,000__Aug 1 '21-'22 330'09 M-S 1,000____Mar 1 1919
10,000__Aug 1 '23-'27
Municipal & Police Bldg. Bds.
430'17
$1,000----Oct 1 1918
430'13 J-D 219,375__June 1 '19-'33
City Bonds.
45 '91 A-0 $50,000e_ __Oct 1 1921
Water
Loan Bonds.
45
A-0 50,000o __Oct 1 '22-'23
'97 J-J $250,000____Jan 1 1927
4s '08 A-0 173,000c A &0 1 1918 4s
50,000____July 1 1930
4.3
'00
J-J
330'09 A-0 105,000o_ __Apr 1 1919 4s '10 J-J 133,000__July
'18-'40
4s '10 A-0 10,400c__Apr 1 '19-'20 330'17 A-0 20,000 __Apr 1
1 '19-'22
4s '10 M-S 29,400c_Mar 1 '19-'20
45 ,11 A-0 33,000c__Apr 1 '19-'21
Hol. & W. RR. Bonds.
4s '12 A-0 40,000c_Apr 1 '19-'22 ls '10 J-J 212,000.. July 1 '18-'50
4s '14 A-0 203,875
1918-1924
Gas & Electric Light Bonds.
4s'15 A-0 102,000c_Apr 1 '19-35
330'02 J-D 360,000__Dec 1 '18-32
(See V. 100, p. 1691 for maturity.) 330'04
M-N400,000__Nov 1 '18-'19
Playground Bonds.
8,000__Apr 1 '19-'20
330'09 A-0 $22,000c_ _Apr 1 1939 330'05 A-0 6,000__Sept
1 '18-'20
330'05
S
-M
45 '11 A-0
3,000c__Apr 1 '19-'21 Is '07 A-0
7,500.. Apr 1 '19-'21
School Bonds.
1 '19-38
48 '06 A-0$225,000o_ -Apr 1 1926 4s '08 A-0 130,000__Apr
A-0 11,000__Apr 1 '19-'29
4s '07 A-0 49,000e---Apr 1 1927 4s '09 M-S
106,000__Mar 1 '19-'40
35.s'09 A-0 7,0000......Apr 1 1929 4s '10 F-A
127,000__Feb 1 '19-'42
45
'12
94,700c_Feb
1
'19-'30
45 '10 M-S
7,000_Aug 1 '19-'24 4s '14 M-N 80,000_May 1 '19-'34
4s '10 F-A
l;
1918-1925 Is '15 M-N 90,000__Nov 1 '18-'35
4s '17 --- i24,000
24,000
1926-1937 • Debt exempted by special Acts
of Legislature.
Hospital Bonds.
4s '12 A-0 $31,875c_Apr 1 '19-'23 TOTAL D'T Mar 31 '18_83,082,000
4 yi,s'17
$70,000-87,000 yearly. Sinking fund & RR.stock. 391,283
Bridge Bonds.
NET DEBT Mar 31 '18-- 2,690,717
48 '08 J-D $122,000c_June 1 1928 Water debt (included)___ 453.000
45 '11 A-0 25,900o_Apr 1 '19-'31 Gas & Elec. debt (inci.)_ 934,500
Water Loans.
H.& W. RR.debt (incl.)_
212,000
4s '92 J-D $500,000o -Deo 1 1922 Water sinking fund (incl.) 164,783
45 '97 J-D 100,000o-Deo 1 1927 Assess. val., real estate-52,480,080
Water Bonds. (Bradford annexed Assess. val.. personal_---14,616,302
Jan. 4 1897).
Tot.val.'17(fair cash val.).67,096,382
4s '95 J-J $22,500c_July 1 '18-'22 Tax rate (per $1,000) 1917-J18.80
War Bonds.
INTEREST Is payable at the Mer45
--- $2,500-52,500 yearly. chants'
National Bank,Boston.
INT. on water bonds and on cerCITY PROPERTY.-Included in
tain city bonds payable In Boston and
at Treas, office' on bonds of 1905, the city's sinking fund as given above
RR.
1906 and 1907,city bonds of 1911 and is $226,500 Holyoke & Westfield This
bridge bonds of 1908 and 1911. at stock (market value $792,750).
road is leased to the N. Y. N. H. &
First National Bank. Boston.
H. R. R. Co. and has paid dividends
TOTAL DEBT April 1 1916The value of all city
Municipal bonded debt..-$1,607,500 since 1879.
including water and
Sinking funds.......
429,275 property, not
is estimated at $3,234,NET DEBT
.
- 1.178,225 light plants,
the city are
Water debt (additional) __ 631.000 475. The water-works of
.Water sinking fund (add'i) 275,258 valued at $1,399,778 and gas and
Net water debt
355,742 electric plants at $1,990,440.
TOTAL NET DEBT..... 1.533.967
Assess..val. real
37,203,425 HOPKINTON.
Assess. val. personal
9,232,018
A town in Middlesex County.
Total valuation 1917........46.435,443 BOND. DEBT Nov 1913......$26.000
Tax rate (per $1,000) 1916......$20.20 Floating debt
10,000
Pop'n in 1910, 44,115; 1915, 49,450 Assess. val. real
1,629,329
249,025
CITY PROPERTY.-The real Assess val. personal
.....1,878,354
val. 1917
estate owned by the city as shown on Total.
the assessors' books Dec. 31 1915 Tax rate (per $1,000) 1916----$20.00
amounted to $1,978,810.
Population in 1915
2,475

JUNE, 1918.]

MASSACHUSETTS-CITIES AND TOWNS.

33

State-Aid Loan.
HUDSON.
Library.
LYNN.
This town is in Middlesex Co. 4s '17 M-N 5.000__-_Ma.y 1 1918 4s '12 M-S $2,000__Sept 1 '18-'22
This city is in Essex County. Inc.
Inc. Mar. 19 1866. Pop'n '15, 6,758. TOT. BD. DT.Apr 1 '18_$4,227,160
April 10 1850. Commission governBridge.
Water
debt
(included)
_
__
769,000
ment adopted Oct. 11 1910.
Electric Light Notes.
4s
'09
M-S
_Sept
$270_
1
1919
loan debt (add'1)_ 1,600,000 4s '10 M-S 12,120__Sept 1 '18-'20
3.65s M-N $6,000_-Nov 2 '18-'29 Temp'y
Tail Moth Extermin.
Municipal sinking fund _ _
207,599 4s '11 M-S 11,750____8ept 1 1921 45 Brown
A-0 $5,000r_ _Apr 1 1920
Water Notes.
Water sinking fund (add'1) 367,660 4s
F-A
'12 F-A
3,900____Aug 1 1922 4s
5,000r_...Feb 1 1920
J-D $9,000-June 1 '18-'27 Borrowing capacity
45
117,917
Fire and Police Bonds.
330
J-J
10,120 _-Nov 5 '18-'28 Assessed valuation, real_ 62,879,075 410'13 M-S 14,000____Sept 1 1923
410'13 A-0 2,100____Oct 1 1923 4s '14 J-D$160,000r..June 1 '19-'34
310'06 J-D 19,000 __Dec 31 '18-'36 A.ssessed val., personal
21,159,801 4s '16 J-D 125,000____June 1 1936
Bldg. and Equip. Bonds.
3.80s A-0 13,860__Oct 1 '18-'38 Total valuation 1917
84,038,876 4s '16 J-D
5,100____Dec 1 1946 4s '14 J4 11,900r_July 1 '18-'34
330
J-J
3,500__July 1 '18-'34 (Assessment about market value.)
7,000__Dec 1 1926
Municipal Loans.
1.200-De0 1 '18-'29 Tax rate (per $1,000) 1916 __ _$18.80 4s '16 J-D
340
J-J
3.80s J-J
7,360 May 15'19-'41 Pop'n 1910, 85,892; 1915, 90,259 4s '17 M-S 20,000__ _Apr 1 1936 4s '12 M-N$55,800r_Nov 1 '18-'32
43,0'17 M-N1 6,000c May 1 '19-'21 430'13 F-A 63,750„Aug 1 '18-'32
43is'31 J-D
1,700__J'ne 16 1918
INT.paid at Old Colony Trust Co.
116,000c_May 1 '22-'37 431s'13 M-S 50,000__Mar 1 '19-'23
Water Bonds.
In Boston and by City Treasurer.
410'13 M-N 3,000__Nov 1 '18-'23
City Buildings.
J-D $3,500„June 1 '19-'32
48
CITY PROPERTY.-The city 4s '08 F-A $1,460____Aug 1 1918 48 '13 J-D *26,800r_Dec 1 '19233
uSewer Bonds.
Charles River Basin Loan.
owns property (not including parks) 45 '12 F-A 28,000.......Aug 1 1922
M-N $48,000o_May 1 '19-'34 valued at $4,278,725.
4s '12 M-S 17,600____Sept 1 1922 s '11 M-N*S6,000r __1918-1921
M-N 34,000c_Nov 1 '18-'34
350
St. & Mun. Bldg. Bonds.
4s '13 J-J
5,100__Jan 1 1923
M-N 1,500c_May 1 '19-'23
4s
4s '13 F-A 11,050____Feb 1 1933 4s '16 A-Of $84,000r_Apr 1 '19-'25
LENOX.
1 11,500r-...Apr 1 1926
4As'13 J-J
Sewer Notes.
5,950-__July 1 1933
This
town
is
in
Berkshire
County.
Park Loans.
3.90s'10 J-J $7,200 __Nov 1 '19-'40
Park.
4s
J4 $30,000c_ __July 1 1919
1.500_ _J'ne 16'19-'23 Inc. 1767. Population 1915, 3,242.
4J-s'13 J-D
J-D
$600____Dec 6 1919 4s
Sewer Bonds.
A-0 6,000r..-Oct 1 1919
Electric Light Bonds.
800____July 1 1918 4$
4s '16 __- $5,000c___Apr 1 1919 4As'13 J-J
A-0 20,000r_ __Apr 1 1920
4s
4s '17 M-S 7,000_...Apr 1 1937 48
J-J $10.000c_July 1 '18-'27
School Notes.
5,000r_ --Oct 1 1920
A-0
,0'17 F-A 20,000c_Aug 1 '18-'37 48 '10 J-D
6,500__June 1 '19-'31 4$ '09
J-D
J-D $5.200c_June 1 1919 0
5.000r_ _June 1 1920
_s '13 __- $6,000_ _Nov
_Nov 1 1918
Refunding Bonds.
School-House Loans.
Paving.
48
A-0 $2,500c___Oct 5 1917 BOND. DEBT Dec 31 '16 $52,200 4s '08 F-A $2,300
M-N$'26,000r_ __Nov 1 1927
Aug 1918 4s
TOT.DEBT Oct 28'13_ __ ..$276,350 Assess. val. real
6,191,425 4s '08 F-A
F-A 15.000r_ __Aug 1 1928
5,000
Aug 1918 4s
Cash and uncollected taxes
87.199 Assess. val. personal
1,105,337 4s '10 M-N 27,200
M-S *55,000c_Mar 1 '19-'28
May 1920 45
NET DEBT Oct 28 1913___ 189,151 Total valuation 1917
7,296,762 4s '12 F-A 17,460
Aug 1922 48 '09 M-S 16,000r_,Sept 1 1929
Assess. val. real
3,461,640 Tax rate (per $1,000) 1916-416.00 4s '12 F-A 13,095
M-N 35.000r_..May 1 1929
Aug 1922 310
Assess. val. personal
915,113 /NT. at First Nat. Bank, Boston. 430'13 J-J
A-0 18,000r_ __Oct 1 1929
6,300
July 1923 4s
Total val. 1917
4,376,753
43is'13 J-J 52,500
M-S •55,000r __Mch 1 '19-'29
July 1923 310
4s '13 M-N 7,700
Total tax (per $1,000) 1916-$22.90
M-N *25,700r_May 1 '19-'29
Nov 1923 330
4s '14 M-N 80,000
INT. coupons payable at National LEOMINSTER.
May 1924 48 '10 F-A 48,000r_Feb 1 '19-'30
This town is in Worcester County. 4s '15 A-0 67,500
Shawmut Bank, Boston.
9,000r_ _June 1 1920
Apr 1925 45 '10 J-J
Inc. 1740. Popula'n 1915, 17,616.
4s 16 J-D 50,000
A-0 1,000r___Oct 1 1920
Dec 1926 48
Municipal
Loan
Bonds.
4s
'16 M-S
1 1926 4s '11 J-D *62,500r _--1917-1921
HULL.
48 '13 M-S I $7,000____Sept 1 1918 45 '17 M-S 63,900_-__Mar
50,000
Mar 1927 4$'13 F-Al2.186.50rFeb 1 '19-'33
This town is in Plymouth County.
90.000.. Sept 1 '19-'33
430'13 A-0 45,000__Apr 1 '19-'33
BOND. DEBT Dec 1913__$258,561
Macadamizing Streets.
Town Hall.
1 '19-'30
Assess. val. real
9,833,925 410'03 J-J
4s
'08
F-A
$1,400____Aug
1 1918 48 '14 A-Q 1J12,000r_Apr
$13,900... _July 1 1918
2,000r_Apr 1 '31-'34
Assess. val. personal
446,100 48 '94 M-S 40,000 __Mch 1 '19-22 4s '12 F-A
3,670_-__Aug 1 1922
Total val. 1917
10,280,025 4s '14 -__ 519,000__Nov 1 '18-'26 4s '12 J-D
3,060Dec 1 1922 4s '14 F-A 24,000__Feb 1 '19-'34
Tax rate (per $1,000) 1914_ _ _ _$16.70
4s '13 M-N 12,000__May 1 1923 410'14 A-0 129,000__Oct 1 '18-'34
1 1,000___Nov 1 1927 4s
Population in 1915
'13 J-D
2,290
1,750____Dec 1 1923 4s '15 -_- 16.000__July 1 '18225
Water Works.
4s '15 M-S 108,000__Mar 1 '19-'45
44'95&'96A-0$152,000 Oct 1 '25 &'26 4s '14 M-N 18,000__May 1 1919 48
'16 M'S 85.000r_Mar 1 '19-'35
4s
'15
A-0
22,500____Apr 1 1925
IPSWICH.
School Bonds and Notes.
43 '16 -- 191,000
This city is in Essex County. 4s '04 J-J $30,000_July '20-'23-'24 4s '15 A-0 40,000.. __Apr 1 1920 4s
'17
-__ 95.000r..Mar 1 '19-'37
4s
'16
M-N
48,800____May
1
1921
Inc. 1634. Popula'n 1915,6,272.
330'05 F-A 70,000 __Aug 1 '18-'24
Bonds.
350'06 M-S 8.000 __Sept 1 1925 4s '17 M-S 70,000____Apr 1 1922 4s Drainage
Water Loans.
M-S $30.000c__-Mch 1 1938
Fire
Library
Bonds.
Department.
J-J $160,000c__1924 & 1927
45
44
M-N
31,800r_Nov 1 '18-'42
4s 1910 _
$2,000 __June 1 '19-'20 43is'07 F-A
$550-....Aug 24 1917 49
A-0
4s
24.600r -1917-1924 TOTAL
M-S 28,800r_Mar 1 '19-42
DEBT Jan 1 1911 $752,138 43js'07 J-D
3,600___Dec 16 1917 430'13 M-S 27,400__Mar 1 '19-'43
Light Loan.
4s
Water
debt
'10
(included)
J-D
_- 202,000
1,040__Dec 1 1920 4s '14 M-8 26,000r_Mar 1 '19'-44
45
1917-1924
Var 150.360
6,000____Aug 1 1922 48 '15
BOND. DEBT Mar 1 '17_3318,850 Sinking funds (incl. water) 158,903 4s '12 F-A
13,000__Mar 1 '19-'45
Assess. val. real
11,499,365 43-s'12 M-N 10,500--_-May 1 1923 48 '16 M-S
Floating debt
40,000 Assess.
A-0 114,750r-Apr 1 '19-'24
2,148,325
Water sinking fund
95,129 Total val. personal
Health.
20,000r_Apr
1 '25-'46
13,647,690 43,5s'13 M-N
Assessed val. real
4,387,726 Total val. 1917
8,000r_Aug 1 '18-'19
,200____May 1 1923 410'17 F-A
tax (per $1,000) 1914-421.50 4%8'13 M-N $4
Assess. val. personal
1,141,248
54,000r_Aug 1 '20-'37
4,800____Nov 1 1918
INTEREST on part of town debt 4s '13 J-D
Total val. 1917
5,5289741
Public Improvements.
4,000____Dec 1 1918
Tax rate (per $1,000) 1916-122.00 at the Boston Safe Deposit & Trust 4s '16 J-D
M-S 33,500r. __Sept 1 1918
5,000____Dec 1 1936 45
INTEREST on coupon bonds in Co.; remainderat office of Treasurer. 4s '17 M-N 75,000.__ _May 1 1936 4$
M-N *42,500r_ _May 1 1928
Boston at Old Colony Trust Co.
4s
J4 *30,000r_ __Jan 1 1919
Municipal Buildings.
M-S 20,500r_ __Mch 1 1919
LEXINGTON.
4s '90 A-0 1450.000
1920 334s
4s '12 M-N*49,000r_Nov 1 '18-'32
This town Is in Middlesex County.
LAWRENCE.
School.
M-N 31.200r_May 1 '19-'32
44
This city is in Essex County. Incorporated in 1713.
4s
'91
A-0$150,000____Apr
1 1921 4$
M'S 32,000r_Mar 1 '19-'22
Debt of ow-an
918.
Incorporated 1853.
Commission
4s '96 J-J 200,000____July 1 1926 48
J4
3,200r_Jan 1 '19-'22
--government adopted Nov. 7 1911. Water debt-------- $107,700 4Ms'07
J-D
7,500
Dec 1917 4s '12 M-N 9,375r_Nov 1 '18-'32
Fire Department loan_
Ordinary Debt Loan.
35,500 43-48'13 J-D
1923 ts
M-S 45,000r___Mar 1 1920
48 '08 J-D 115,000_ Dec 1 1918 School debt
88,450 , 4Ms'13 J-J 24,500
2,080
1918 ts
M-N 86,080r_Noy 1 '18-'21
26,000 4s '13 J-D
48 '09 J-D
3,600__ Juno 1 1919 Parks
2,840
1918 Is '10 J-J 50,300r_ __July 1 1920
48 '10 J-D 32,000 __Dec 1 '18-'20 Trust funds_ -----------18,000
J-J 24,500
1923 4s '10 A-0 8,500r-Oct 1 1920
Sewer
92,000 43s'13
Park Loans.
4s
27.000
1935 48 '13 J-D 21,000r___Dec '18-'23
4s '16 J-D $1,600__Doc 1 '18-'21 Other bonds
13,000 4s '15 F-A
M-N118,750_-__Nov 1 1935 48 '14 M-S 13,000r_Sept 1 '17-'29
Street bonds
Playground Loan.
117,000 4s '15
'16 F-A 95,000..__Feb 1 1936
Water Loan.
48 '16 A-0 $4,160__Apr 1 '19-'26 TOTAL DEBT Jan 1 '18... $405,650 43
'16 M-N
1936 4s
.T4 $85,000cecr_July 1 1918
4 is'17 M-N 40,000____Nov 1 1937 Assess. val. real
7,476,682 4s '16 J-D 57.000
1936 4s
Assess. val. personal
A_-0 100,000r-_Apr 1 1919
1,013,520 4s '17 M-S 15,000
Boulevard Bonds.
75,000
1937
J-1 110,000r_J 8: J 1'19-'20
4s
val.
1917
Total
M-N$40,500c_Nov
1
4s '16
'18-'26
8,490,202
A-0 200,000r_Apr 1 '20-'21
Tax rate (per 11,000) 1916----123.00 4Ms'17 F-A J90,000c_Aug 1 '18-'27 4s
Emergency Loan of 1915.
1 '18-'37 48
A-0 25,000r-Oct 1 1921
4s '16 ___ $30,000___Feb 16 1921 Pop'n. 1910. 4.918; 1915, 5,538. 4 s'17 F-A 180,000c_Aug
1,0,000c_Aug 1 '18-'27 45
J-J 50,000r. _Jan 1 1922
58 '18 F-A 140,000 ...._Feb 1 1923 INT. mostly payable at Fourth
Sidewalk.
4s
14 25,000r- __July 1 1922
Atlantic National Bank, Boston.
School Bonds.
43.s'13 --- $3,200
July 1918 4s
A-0 40,000r_ __Apr 1 1923
48 '98 F-A $48,000 __Aug 1 '18-'23
4s '14 M-N 4.800
May 1919 48
J4 215,000r_July 1 '25-'26
48 '04 F-A 49,000.-Aug 1 '18-'24 LINCOLN.
4,000
Aug 1917 Is
This town is in Middlesex County. 48 '15 F-A
A-0 10,000r_ _Oct 1 1928
48 '10 A-0 58,500c_Oct 1 '18-'30
4s '16 M-S 8,000
May 1918 45
J-J 75,000r_July 1 '27-'29
4s '14 J-J 85,000__July 1 18-'34 Inc. Apr. 23 1754. Pop.'15, 1,310.
4s '17 M-S 10,000
Apr 1919 45
Water. (Int. at 1st Nat. Bk. Dos.)
34 25,000r-..Jan 1 1930
4s '15 F-A 90,000c_Aug 1 '18-'35
Sewer.
45
A-0 25,000r_ _-Oct 1 1930
J-D $32,000_1930 & 1932
4,800__June 1 '19-'20 310
4s'15 _
May 1920 330
34 25,000r_ __July 1 1931
J-D 10,0000 - __1933-1934 4s '10 M-N$20,000
4s '10 J-D 45,000c_June 1 '19-'36 4s
May 1921 330
J-D 18,000_1936 & 1937 4s '11 M-N 25,000
J-J 75,000r_.Jan 1 1932
4s '16 F-A 95,000c-Aug 1 '19-'36 4s
Apr 1922 310
A-0 325,000r_ __Apr 1 1932
5,500c---$500 yearly 45 '12 A-0 30,000
43.0'17 M-S /60,000c_Sept 1 '18-'32 48 '07 J-D
2,800
Feb 1923 4$ '11 J-D 135,640r_June 1 '19-'41
:3,500c- __$500 yearly 4s '13 F-A
115,000c_Sept 1 '33-'37 4s '11 --4Ms'13 M-N 35,000
May 1923 43is'13M-8 1112,000__Sept 1 '18-'33
School.(Int. at 1st Nat. Bk.,
Sidewalk Bonds.
Dos.) 4s '13 J-D
7,000
Dec 1923
60,000..Seat 1 '34-'43
4s '16 J-D 318,000c_June 1 '19-'21 4s '08 J-J $28.600c__Jan 1 '18-'28
'14 J-J
4,400
Jan 1924 4s '14 M-N
84,000r-Nov 1 '18-'23
'is '17 M-N 20,000____May 19-'22 BOND.DEBT Jan 1'18__ $89,000 4s
May 1934
260,000r_Nov 1 '24-'33
Water debt (incl.)---- 46,300 4s '14 M-N 45,000
Municipal Loans.
410'14 M-N 18,000
Nov 1934 4s '14 ___ 205,000r_Nov 1 '18-'43
4s '04 J-J $200,000. _July 1 1924 Water sinking fund....... 21,700 4s '15 J-J
38,000
Jan 1935 4s '15 --- 84,000r-July 1'18-'45
4s'Ø9 J-D
17,200c_De0 1 '18-'19 Assess. val. real
1,625,900 4s '15 F-A 19,000
Aug 1935
45 '12 M-S 200.000c_Mch 1 '19-'22 Assess. val. personal
262,100 4s '16 M-S 40,000
Improvement.
Mar 1936 45Street
Total val. 1917
Police-Station Bldg. Bonds.
A-0*$125,000r_ -Apr 1 1920
1,888,000
'17 F-A 60,000
Feb 1937 4s
4s '14 J-J $85,000__July 1 '18-'34 Tax rate (per $1,000) 1917- -410.00 4sStreets
A-0 *25,000r_ __Oct 1 1921
and
Highways.
Sewer Bonds.
A-05125,000r-Apr 1 1935
334s'09 J-D $36,000
June 1919 334s'05 J-D
4s '95 J-D $12,000-Dec 1 '18-'25 LONGMEADOW.
13,000r_ _Dec 1 1926
4s 09 M-S 15,000
Sept 1919 43
4s '98 J-D 18,000 __June 1 '18-'23
A town in Hampden County. In- 45 '11 J-D 59,250
J-D 10,000r- -Dec 1 1918
4$
June
1921
4s '07 J-D 47.5000_June 1 '19-'37 corporated in 1783.
48
M-N
750r-May 1 1918
4s
'11
J-D
'
36,725
1921
Dec
48 '08 A-0 10,000 _-Apr 1 '19-'28
Water Bonds.
'09 M-S 20,000r-Sept 1 1919
440'13 J-J 24,150
July 1923 48
48 '10 M-S 45,5000_5:nit 1 '18-'30 4s '95 --- $30,000
J-D 25,000r___June 1 1920
48
Water.
4s '15 A-0 34.000__Apr 1 '19-'35 4s '11 --- 6,000
M-S 25,000r___Mar 1 1919
48 '10 J-D $24,000
Dec 1920 330
48 '15 J-D 23,625__June 1 '19-'35
Refunding Bonds.
21,000
Sept 1932 0'14 F-A 27,000r_Feb 1 '19-'24
44 '15 M-S 23,625__May 1 '19-'35 4s '09 --- $3,000
4s '14 M-S 73,000r_Mar 1 '19-'24
4s
'12
M-S
{18,000
Sept
1932
4s '16 M-N 8,000__May 1 '19-'26 4s '11 --- 6,300
64,400__Mar 1 '19-'45
21,000
Sept 1932 4s '15 M-S
4s '16 F-A
9,000__Aug 1 '18-'26 4s '12 --- 8,000
410'13 F-A 63,750
Aug 1933 4s '16 A-0 3,000r_4pr 1 '19-'21
4s '16 J-D
6,000__Dec 1 '18-'23
Highway Bonds.
M-NI 8,000r_Nov 1 '18-'21
48
4s
'14
F-A
14,000
Aug
1944
4s '17 s-a
15,000__Aug 1 '17-'27 4s '11
--- $4,000
5,000r_Nov 1 '•22226
48 '15 A-0 209,000
Apr 1935
Engine House Bonds.
4s '12 --- 1,600
1919-1927
4s 15 A-0 4,000
Apr 1920 4s '17 A-0 08,000
4s '08 J-D $5,000 _.Dec 1 1918
Improvement Bonds.
430'17 _-- $16,000
1918-1922
4s
'16
M-N
55.000
May
1921
Fire Protection Bonds.
City-Hall Repair.
4s'13 --- $3,600
Hospital Bonds.
44 '06 J-J $28,000c..July 1 '18-31
F-A
6.000r_Aug 1 1919
Sewer Bonds.
J-J $100,000c_July 1 '18-'37 330
Paving Bonds.
‘Ms '14 --- $5,000
1918-1927
4Ms'17 M-N 8,000c_Nov 1 '18-'21 4s '17 --- 120,000
310'09 J-D 313,000c___June 1 1919 4Ms'17 --Sewer Loan.
7,000
00'17
M-N
15,000c_Nov
'18-'32
1
F-A
'10
45,000
4s
__Aug 1 '18-'20
A-0'3100,000r __Apr 1 1927
4$
School Bonds.
Miscellaneous.
43 '12 A-0 75,000....__Oct 7 1922 4s .16
___ $14,500
J-D 11,000c_ __Deo 1 1928
4s '08 M-N$23,000___Nov 16 1918 4s
414s'13 M-S 60,000___.Sept 1923 416917 __- 24,000
J-D 10,000r_ __June 1 1939
4s '08 F-A
700.._ .Aug 1 1918 310
48 '14 J-D 150,000c_June 1 '19-'24 BOND. DEBT Jan 1 '18M-S 30,000r_ _ _ Mar 1 1939
314s
45
'08
J-D
342.60
$112,950
Dec
30
1918
4s '15 M-S 18,000_Sept 1 '18-'20 Floating debt
M-S 37.000r....-Mar 1 1940
8,000____Dec 1 1920 350
20,000 4s '10 J-D
4s '16 J-D 40,000c_June 1 '19-'26 Sinking fund (water)
4s '17 A-0 42.000
1918-1947
4s
'11
J-J
22,000-__July
1
1921
21,162
Water Bonds.
Municipal Deficiency Loan,
Assess. val. real...
3,689,321 4s '12 J-J 148,800____Dec 1 1922
J-J $712,000-July 1'23&'36 Assess. val. personal
48
J-D $70,000r..-Dec 1 1918
45
4%13'13 J-J
600____July
1
1923
312,635
J-D
'16
J-D 13,000r___Dec 1 1920
4s
54,000c_Juno 1 '19-'36 Total val. 1917---- _____ - 4,001,056 00'13 J-J
2.450-...July 1 1923 48
Culvert Loan.
Municipal Bldg. & Drainage.
Tax rate(per $1,000) 1916- _$13.70 4s '14 J-D
8,000--_Dec 1 1924
40 '09 M-N $2,000--Nov 10'18-19 Pop'n 1915, 1,782;'18 (est.),
M-N 16,000r_Nov 1 '20-'35
4$
Gross debt Dec 31 '17
$6,358,838
2,500
Hospital Loan.
600r___Nov 1 1936
Net debt
2,665,814
4s '09 M-N $2,100----May 1 1919 LOWELL.
Public
Health.
Sinking funds
645,933 4.3
Bridge Loans.
'17 --- $6,000
This city is In Middlesex County. Water debt (incl.)
1918-1922
1,432,750
48 '15 A-0 $270,000c_Apr 1 '19-'45 Inc. as a town in 1826, as a city Apr.1 Water sinking fund (add.° 860,753
School-Drainage.
4s '14 J4j289,000c....July 1'18-'34 1836. Commission govt. adopted
454s'17 --- $5,000
1918-1922
Borrowing
capacity
136,559
160,000c_ -July 1'34-'44 Nov. 7 1911.
1918-1933
Assess. val.'16 (abt. act.).94,503.423 454s'17 --- 15.500
4s '15 M- 270,000c_Nov 1 '18-'35
Charitable Bequests.
*Loans marked (*) are authorized
Tax rate (per $1,000) 1915-_$20.80
4Ms'17 M-N$150,500_ --May 1 1937 6s '71 M-S $25,000
special
Population
Acts
by
of
Perpetuat
'10,
Legislature
110,000
'15,
106,294;
in ex4$ '17 M-S 15,000---Sept 1 1937 68 '17 A-0
1.000
INT. at First Nat. Bank, Boston. cess of the city's legal debt limit.
Perpetual




34

MASSACHUSETTS-CITIES AND TOWNS.

LYNN (Concluded).MANCHESTER.
This town is in Essex County.
Total outstanding bonds thus authInc. 1645. Population 1915, 2.945.
orized Is $1,348.800.
TOTAL DEBT.&O.-Apr.1 1917
Highway Bonds.
Munic.loans(inside limit) $2,465,900 4s '16 M-N$10,000---May 12 1919
Special loans (outside limit)1,197,800 uSewer Loan.
1918-1928
s-a 1$88,000
Water loans (outside limit) 2,230,000
1929-1943
1105,000
Total loans (excepting temWater Bonds.
porary tax loans)
5.893,700
4s '08 M-S :3102.000c -__1918-1934
Sinking funds1935
4,000c
$388,510
For municipal loans
342,637 BOND.DEBT Jan 1 1918 $319,000
For special loans
58,373
829,560 Cash balance
For water loans
1,560,707 Assessed val., real estate.. 9,520,270
Total sinking funds
1,6i1,208
4,332,992 Assessed val. personal
Balance net funded debt
11,131.478
Pop'n, 1910, 89,336; 1915, 95,803 Total valuation
1917_ -413.50
1917..INT.coupons at Bank of Republic, Tax rate (per *1,000)
INT. at Old Colony Tr. Co.. Bos.
Boston, or at City Treasurer's office;
other interest by Treasurer only.
MANSFIELD.
ASSESSED VALUATION.
This town is in Bristol County.
1917.
1916.
Real estate-$77,246,155$75,948,555 Inc. 1775. Population 1915, 5,772.
(Assessed at cash value.)
General Debt Bonds.
J-D $40,000
June 1922
14,543,215 10,128,840 45
Personal
School Bonds.
Total
91.780,370 95,077.395
Tax (per M)_
21.00 4s '11 J-J *28,000 -----1918-1931
4.000c_Sept 1 '18-'21
48 '11 M-S
1918-1930
_
13,000
- '15
MALDEN.
Lighting Bonds.
This city is in Middlesex County.
48 '11 M-S $16,500c_Sept 1 '18.'34
Inc. March 31 1881.
J-D
7,000June 1 1935
4s
School House Loans.
A-0 43.000.A&O 1 '33&'34
330'05 F-A $16.000--Aug 1 '18-'25 4s
A-0 18.000__Apr 1 '19-'37
4s '06 J-J 102,850-July 2'18-'26 48
7,700 __July 1 '18-'28 BOND. DEBT Apr 1918_ $169,500
4s '08 J-J
57,004
36.000-July 2 '18-'26 Sinking funds
4s '06 J-J
3,687,660
5,000_ _June 1 '19-'23 Assessed val., real
4s '14 ___
5,000___Mar '19-'23 Assessed val., personal..
'17 ___
4s '06 ___ 90,000.._ _July '18-'26 Total valuation 1917_ -- -4,716,680
4s '06 ___ 13,500___July '18-'20 Tax rate (per *1,000)-191.7-.418.80
INT. at First Nat. Bank, Boston.
Police-Station Loans.
48 '06 J-J $18.000--July 2'18-'26
MANSFIELD WATER SUPPLY D.
Sidewalk Bonds.
1925
4s '16 ___ J$3,000c_ - _July 1 1918 48 '95 --- 325,000
1933
1 6,000c-July 1 '19-'21 48 '03 ___ 10,000
6,000-Due $1,000 Tly
3,000Apr 1 1919 4s'12
4s '14 --4s '15 -__
4,000_-May 1 '19-'20 4s '14 J-J 63,000c_July 1 '18-39
4s '17 ___ 14,000___Mar '19-'22 48 '15 F-A 27,000c_Aug 1 '18-'45
1918-1931
48 '11 ___
4,000_July '18-'21 4s '16 M-S 13.000
5,000-..July '18-'22 BOND. DEBT May 1918_ $144,000
4s '12 -_Value of taxable property--4,716,680
Drainage Bonds.
5,500
330'02 J-J *15,000-- --July 1 1932 Population in 1917 (est.)
INT. at First Nat. Bank, Boston.
350'04 J-J 20,000........July 1 1934
45 '08 J-J
10,000 __July 1 1938
3%8'09 A-0 20,000--Apr 1 1939 MARBLEHEAD.
This town is in Essex County.
48 '10 M-N 1,000 __June 1 '19-'20
48 '11 J-J 24,000____July 1 1941 Inc. 1649. Population 1915, 7.606.
Street Bonds.
4s '12 J-J 10,000___July 1 1942
48 '14 A-0 16,000__Apr 1 '19-'34 4s '11 M-N $10,0000_May 1 '19-'20
Electric-Light Bonds.
4s '15 M-N 12.000-May 15 '19-'30
4s '94 J-J $50,0000_ _July 11024
Street Loans.
45 '09 M-S $3,000____Mar 1 1919 4s g_'09 M-N 14.000c_Nov 1 '18-'24
330'00 A-0 1,000_-Apr 1 1919
Water Bonds.
1919
48 '11 J-J
5.200 __July 1 '18-'21 4s '89 M-N $2,0000..May
14,250c_July '18-'20
4s '12 J-J
5,000__July 1 '18-'22 45 '90 J-J
48'13 A-0 40,000__Apr 1'19-'23 330'09 M-N 6.000-May 1 '19-'24
48 '14 A-0 30.000__Apr 1 '19-'24 48 '10 M-N 17,000c_May 1 '19-'29
1918
4s'14 ___
7.000__Dec 1 '18-'24 4s '88 M-N 2,500c
5,000c ____1918-1921
4s '15 -__ 14,875.._May 1 '19-'25 48 '92 J-D
15,0000 ___ A919-1921
45 '14 -.._ 21,000__July 1 '18-'24 4s '95 J-J
7,000__May 1 '19-'25 4s '11 M-N 3.000c_May 1 '19-'21
4s '15 ___
4s '15 ___ 40,000....May 1 '19-'26 4s '12 M-N 14.000c_May 1 '19-'22
9,000c_June 1 '19-'21
4s '16 ___ 18,000___July 1'18-'26 48 '16 J-D
School House Bonds.
Municipal Loan.
4s '08 J-J $1.000____July 1 1918 33003 J-D 512.0000_ -1918-1923
4s '06 J-D 16.000c_June 1 '19-'26
4s '17 - 108,000
1918-1932
1918-1922 48 '12 J-D 60,000
15,000
1923-1024 4s '13 J-D 30,000c..June 1 '19-'33
5s 17' -- . 4,000
.6.000c_June 1 '19-'26
3,000
1925-1927 4s '16 J-D c1
5.000c_June 1 '27-'31
1918-1919
10,000
bs '17
1920-1922 BOND.DEB Apr 16 '18 $323,000
12,000
95,000
4,000
1923-1924 Water debt (included)
10,276,000
3,000
4924-1927 Assessed val., real
Assessed val., personal_
822,576
5s '17_..-- 34,000
Total valuation 1917
11,098,576
Fire Department.
330'06 J-J
$5.000 __July 2 '18-'22 Tax rate (per *1,000)-1-917-.._$20.00
2,000__July 1 '18-'22 INTEREST is payable at Boston.
3W02-'03
48 '06 A-0 6,000July 2 '18-'23
4s '17 ___
7,000....May 1 '19-'25 MARION.
This town is In Plymouth County.
4s'179,000Mar 1 '19-'27
Inc. 1852. Population 1915. 1.487.
Hospital Bonds,
30'04 J-D $6,000„June 1 '19-'24
School Loan.
4s '14
1,000_
_-Nov 15 1918 48 '14 A-0 38,000c_Apr 15 '19-'20
4,000 -July 1 '18-'21
48 '11 J-JSewer Loan
$8,000--Jan 31 '19-'26
16,000_July 1 '18-'33 3%3'06 s-a
4s '15 J-J
8,000c_Oct 15 '18-'25 4s '07 A-0 2.000--Apr 29'19-'26
4s '16 -__
Water Loan
Middlesex Court Construction.
4s '17 __ 31,809.._Mar 1 '19-25 430'08 J-J $77.000c__Jan 1 '19-'38
BOND.DEBT Dec 3i '17.. $99,250
Public Parks
4s '94 J-J *80,000- __July 3 1944 Assessed val., real
2,641,220
48
J-J 20,000_July 3 '45&'47 Assessed val., personal_
582,330
45 '99 J-J 20,000.....July 3 1924 Total valuation 1917
3,223,550
330'01 .T4
12,000-- --July 1 1926 Tax rate (per *1,000)-1917-413.20
INT.on water loan payable at Old
4s '04 J-J 18,000.... _-July 3 1929
4s '07 J-D 25,000 __Dec 2 1932 Colony Trust Co.. Boston; on sewer
48 '09 M-N 10,000 _-Nov 1 1934 loan at Wareham Say. Bank; on
48 '11 J-J
5,000____July 1 1936 school loan at Nat. Bk. of Wareham.
4s'14 A-0 3,000__Apr 1'19-'21
4s '15 J-J
8,000_July 15 '18-'24 MARLBOROUGH.
This city is in Middlesex Co. Inc.
4s '16
3,000c_July 1 '18-'20
May 23 1890. Popula.'15. 15,250.
--Construction,
Water
45 '99 J4 $36,000 __July 1 1919
Sewer Bonds
J-J *20,0000_ __July 1 1918
330'00 J-J 15,000_ _July 2 1920 45
330
J-J 50,000 __July 1'22&'23 4s '04 J-J 12,000c_ __July 1 1929
M-N 13,0000..--Nov 1 1933
330'04 J-J 23,000_ _July 1 1924 4s
33is'05 J-J 25,000._ _July 1 1925 43 '10 J-J 36,000o_July 1 '18-'35
45 '11
_
9,000c_Aug 1 '18-'26
12.000- --Sept 1 1931 4s '11 F-A
4s '16 A-0 151,000c_Apr 1 '19-'36
Sewerage.
48 '92 M-N $50,000.- --May 2 1922
1 1,000c___Apr 1 1937
48 '93 M-N 100,000-- --May 2 1923
Street Notes.
4s '94 M-N 200,000_ ....May 2 1924 430'13 J-D 17,200c_June 2 '1 ,-'23
48 '95 M-N 150,000._ ..May 2 1925
Paving Bonds.
45 '96 M-N 100,000--May 2 1926 45 '15 J4 136,000c_Aug 2 '18-'35
3%s
M-N 30.000__May 2 '33-'35 4s '15 J-J
12,000c_July 1 '18-'23
45 '08 J-J 20,000........July 1 1938
1.000c_ _July 1 1924
330'09 A-0 20,000 _......Apr 1 1939 4s '16 P-A 40.000c_;iug 1 '18-'25
4s '09 J-J 30,000.-July 1 1939
3,000c__ _Aug 1 1926
4s '10 M-r 35,000... __June 1 1940 48 Water Bonds
M-S $30,000c...Sept 1 1921
45 '12 J-J 20,000__July 1 1942
F-A 150,000c_ _-Aug 1 1922
48 '13 A-0 40,000_ Apr 1 1943 4s
M-S 70,000c_ __Sept 1 1924
4s '16 -__ f28,000c ____1918-1931 45
J-J 50,000c_ --July 1 1926
115,000c ____1932-1946 45
M-N 20,0000.. .May 1 1930
•1s '14
9,000__Sept 1 '18-'26 48
J-D
2.350
4s '15 --- 27,000__Feb 15'19-'45 40
__ 30.009.. Mar 1 '19-'37 ls '14 M-N 2.400c..-May 1 1919
4s
City Hall Bonds•
Debt Dec. 31 1917'17Total debt
.$1,998,700 48 '05 J-J $21,000c_July 1 '19-'24
J-J
Sinking fund, &c. (sewer.) 449,563 48
4,000c_Jan 1 '19-'22
Net debt
1,343,235
School Bonds.
Water debt (included)_
161,000 45 '15 J-J 336.000-Aug 2 '18-'35
Water sinking fund (Incl.)
141,090 City notes and trust fund_$31,856.02
Assessed val., real
34,715.900
Police & Fire Station Loans
Assessed val., personal__zi15.131,997 48 '08 M-N $26,000-.May 1 1927
Total valuation
947.897 4s '08 F-A
1,500- __Aug 1918
Tax rate (per *1.000) ------$23.30 TOTAL DEBT May 1916 $682,866
Pop'n, 1910. 44.404; 1915, 48.907 Sewer sinking fund
33,363
INT. at First Nat. Bank, Boston. Water sinking fund
202,291




[VoL. 106.

Assessed val., real
Auditorium Bonds.
$8.739,628
Assessed val.. personal___ 2,404,782 48 '11 J-J $28,000c_July 1 '18-'31
Total valuation 1917....__11,144.410
Park Bonds.
Tax rate (per $1,000) 1916---$21.60 430'11M-N $4,000c_Nov 1 '18-'21
4,000__Dec 1 '18-'21
INT,on bonds of 1915 and 1916 at 45 '12 J-D
Merchants' Nat. Bk., Boston; others
Refunding.
$24,000
48
1918-1929
at Winthrop Nat, Bank, Boston.
School-House Bonds.
MAYNARD. ,._Mar 1 1929
This town is in Middlesex Co. Inc. 3 s'09 M-S $78.000cSewer (Outside of limit).
Apr. 19 '71. Popula. 1915, 6,770.
4s '94 J-D $100,000c&rJune 1 1924
Water Bonds
1 1925
48 '89 J-J *125,000c&r.Jan 1 1919 414 '95 J-D 100,000c&rJune
BOND.DEBT May 3 1918 $125,000 48 '96 J-J 50,000c-July 1 1926
._July
1 1935
10,000c_
J-J
'05
4s
100,000
Floating debt
117,619 4s '07 J-D 10,000c___June 1 1937
Sinking fund (water)
..July
1937
1
10,000c
J-J
'07
48
Assessed val., real
3,333.549
1938
Assessed val., personal
1,350.207 48 '08 J-D 10,000c___June 1 1939
1
Total valuation 1917
4,683,756 330'09 J-D 10,0000.--June
....Apr
1
10,000c
1940
A-0
'10
4s
/
0
(Assessment about 80 actual)
Tax rate (per $1,000) 1917.......416.60 4s '11 M-N 10.000c-M&N 1 1941
INT, at internat.Tr. Co.. Boston. 4/i '12 J-J 10.000c---July 1 1942
4s '13 M-S 8,000c_Sept 1 '18-'33
MEDFORD.
4s '14 M-N 9.000c---May 1 1934
This city Is In Middlesex County.
(Inside of Limit).
Inc. May 31 1892. Pop'n '15,30,021. 48Sewer
'15 M-N 8.500c-May 1 '18-'35
Notes Outstanding Dec.31,16- _s
F-A 10,000_.
Amount. Sidewalk Notes.
Due.
Amount. Due.
1917
311,300 48 '17 A-0 $10,000__Apr 1 '18-'22
$40,900 1923
1,300
53,339 1924
1918
Surface Drain. (Outside of limit).
None 4.3 '02 J-J *100,000c_July 15 1932
50,800 1925
1919
30,900 1926
15,000 4s '09 M-N 5,0000...._Nov 1 1919
1920
7,000 4s '10 J-J
10,000 1927
1921
5,0000_ _July 1 1920
12,000 0'13 M-S 10,000- _Sept 1 1923
21,600 1928
1922
_ay 1 '19-'34
0'13 M-N 7,500ciSl
Total
3254339 4s '15 A-0 8.0000_Apr 1 '19-'35
War Loan Bonds.
4,000Nov 1 '18-'25
48 '15 ___
43is'17 J-D $6,000c_June 1 '10-'27 4s '16 J-D 13,000c-June 1 '1.1-'31
Play-Ground Bonds
4s '17 A-0 4,500c_Apr 1 '19-'37
45 '03 M-N $9,000c__-May 1 1932
Water-Works (Outside of limit).
45 '12 F-A 122,500c-Aug 1 '18-'32 48
M-S 535,0000-M0h 1 1918
10,000c-Aug 1 '33-'42 48
J-J 38,0000-July 1 1925
4s'14 M-N 2,500c__May 15 1919 4s
F-A 10,0000-Aug 1 1922
10,000c.May 15'20-24 4s
F-A
5,000c_ __Feb 1 1923
600.._July 1 '18-'20 330'09 J-D 126,000o_June 1 '19-'31
4s '15 --300____July 1 1918
4s '15 ___
1 1,000o_ __June 1 1932
Public-Building Bonds
48 '10 M-N 2,000c3Iay 1 '19-'20
4s '98 F-A $80,000c_ __Aug 1 1918 4s '12 J4
5.000c_July 1 '18-'22
48 '99 M-S 35,0000-Mch 1 1919 48 '13 J-D
3,000c_Dec 1 '18-'23
43 '16 J-J 190.000c_ Jan 3 '18-'36 48 '13 M-S 7,000__Sept 1 '18-'23
Department & Equip. Bonds.
4s'14 M-N 6,200__May 1 '18-'24
430'17 J-J f$2,900c___July 1 1918 4s '15 J-D
2,000c_May 1 '18-'20
1 6,800c_July 1 '19-'22 48 '16 J-D
8,000c_June 1 '19-'26
Water-Works Bonds
4s '17 A-0 8,000c_Apr 1 '19-'22
4s '04 J-J $15,000c_Jan 1 '19-'22 BOND. D'IOutside limit $736,000
4.9 '94 A-0 25,000c-Oct 1 1919 Apr 1 1917- InsIdelimit_
137,500
4s '94 J-D 25,0000....-Dec 1 1922 Note debt (a ditional)___
102.950
4,000___ July 1 1918 SinkingfInside limit
___
_s
10,308
___ 30,000_ _July 1 '20-'21
_s
385,212
fundslOutside limit
4s '97 J-J 26,0000_ __July 1 1923 Borrowing capacity
197,981
Sidewalk Bonds
Assessed valuation, real._17,242,750
43 '11 F-A $2.0000-Aug 1 '18-'19 Assessed val., personal
1,556,000
48 '15 ___
1,200__Oct 1 '18-'20 Total valuation 1917
18,798,750
4,000. _Sept 1 '18-'19 Total tax (per *1,000) 1916.,..$22.00
___
_s
45 '16 J-D 12,000c_Sept 1 '18-'21 Pop'n 1910. 15,715; 1916, 17.314
Sewer Bonds
INT. at Nat. Shawmut Bank.
4$
Boston, or Melrose Tr. Co., Melrose.
Selt4;'
9-114s
19
'94 •":t6:888:
-f
48 '94 A-0 10,000c___Oct 1 1924
4s '95 F-A 120,0000_Attg 1 '18-'23 MERRIMAC.
This town is in Essex County.
45 '96 J-J 20,0000_ __July 1 1925
4s '96 J-J 41,0000.-July 1 1926 Incorporated 1876.
Water Bonds
48 '09 M-N 5,0000_..May 1 1939
5,0000_ __Sept 1 1939 48 04 J-J $52,5000..July 15'18-'32
45 '09 M-S
Electric-Light Bonds
4s '10 M-S 15,0000_ __Sept 1 1940
J-J $4,500c_July 15 '18-26
5.0000- --Sept 1 1941 4s
45 '11 M-S
7,500 _Feb 1 '19-'33 BOND. DEBT Apr 10 '18- $57,000
..__
43
12,200
debt
Floating
48 '13 M-N 13.000.. Nov 1 '18-'43
1,405,530
___ 13,500_Dec 1 '18-'44 Assessed valuation, real
_s
Highway Departmental Equip. Assessed val'n, personal- 163,649
4s '16 A-0 f$2,500cOct 3 1918 Other assessable propel- 13,538
1 1,800c____Oct 3 1919 Tot. val. 1917 (707 act. -1,582,717
Tax rate (per $1,0010) 19 7__ -$26.50
School-House Bonds
4s '03 M-N *45,0000_ __May 1 1922 Pop'n 1915, $2,101; 1917 (eat), 2,300
4s '07 M-N 14,000c...,.May 1 1927
INT. at First Nat. Bank, Boston.
4s '08
4s '11 M-S 148.000c_Sept 1 '18-'29 METHUEN.
6,000c-Sept 1 '30-'31
This town is In Essex County. Inc.
tp1t'18se
7 In 1725. Pop'n 1915, 14,007.
28
0___S__ep
'2
00.
80
119
_s '12 __ 10,0
Water Bonds4
_s__ 13,500__July 1 '18-'26 4s
M-N*100,0000-34fay 1 1924
4s '12 5-J 175,0000...Jan 1 '19-'33 4s
F-A 20,0000 -.....1917-1924
188,125c_July 1 '18-'32 48
A-0 25.000o ....Oct 1 1925
19,750c__Jan 1 '19-'34 4s
48 '14 J-J
F-A 25,0000_ -Feb 1 1928
48 '15 J-D 524,000c_June 1 '18-'25 43
J-D 25.0000.. Dec 1 1930
116.000c_June 1 '26-'35 is 1
A-0 23,000 -. 1917-1940
2,000.._Sept 1 '18-25 is '10 J-D 20,6750-Deo 1 '18-'33
4s '15
4s '15 ___
1,500-July 1 '18-'20 is '15 J-J 18.000c_July 1 '18-'20
4s '16 A-0 59,400-_Oct 2 '18-'35 430'17 M-S 3,000c_Sept 1 '18-'32
i2,300_-__Oct 2 1936
Sewer Loan
8:2
ar 15
Ma
6 330
,
2
93
:
17
004:34
00
2:0
4s '16 M-S 10
J-J *25,000.-..-July 1 1932
1920
J-J
4,400
is
5,500c_June 1 '19-'29
430'17 J-D
Highway Bonds.
4s '16 A-0 2,000c_Oct 2 '18-'21 430'17 F-A $16,000c_Aug 1 '18-'21
4s '16 A-0 2,000c_Oct 10 '.8-'21
School Bonds
Park Bonds
4s '10 F-Af*32,0000_Aug 1 '18-'25
F-A 4112,000c&r_Feb 1 1930
4s
1 15.0000..Aug 1 '26-'30
J-J 20.000c&r_July 1 1932 48 '16 M-S 16,000c-Sept 1 '18-34
45
4s '02 M-N 27,000r_ __Nov 1 1932 430'17 M-S 30,000c_Sept 1 '18-'32
Street and Drainage Bonds.
School-House Notes
4;is'17 J-J $22,500c_July 1 '18-'22 330
1921
J-D 55,000
Street-Impt. Bonds.
J-J
3.500-..-Jan 1 1925
48
4s '15 ___ $2,400__June 1 '19-'20 4s
5,000._ __Mch 1 19
18
925
M-S
4,700__Nov 1 '18-'20 48
4s '15 __4.500.
F-A
___ 11,900__July 1 '18-'24 4s
_s
13,000___Jan '21 & '22
J-J
6,300_-Aug 3 '18-'26 430'13 -- 30,800
4s '16 F-A
1918-1931
4s '16 M-S f 8,000__Sept 1 '18-'25 4s '14 J-J 28,000__July 1 '18-'31
1 600__ __Sept 1 1926 TOT.BD.DT.Sept 17'17 $513,400
'19-'26
1
4s '16 M-S 23.2000_Mar
240500
Water debt (incl.)
0,000c_Aug 1 '18-'26 Sinking funds
430'17 F-A
4,000
Drainage Bonds.
268,900
NET DEBT Sept 17'17
1/500-__July 1 1922 Assessed valuation 1916_ _10,306,516
4s '12 --___ 16,000__July 1 '18-'27 Total tax (per $1,000) 1914-.420.70
_s
4s '16 M-S 10,000c_Mar 1 '19-'38
INT. on bonds at First Nat.Bank.
Fire Department Bonds.
Bos.; on notes at City Treas. office.
--- $9,000__July 1 '18-'32
48
430'17 A-0 34,000c_Apr 1 '19-'35 MIDDLEBOROUGH.
Stable Bonds
This town is in Plymouth County.
48 '04 J-D *15,0000_ _-June 1 1924 Inc. In 1669. Pop. 1915. 8,631.
Municipal Loan Bonds
Railroad Loan
411 '13 J-D $30,000c_Dee 1 '18-'23 4.8 '91 M-N $5,0000- --Nov 1 1918
4348'14 --- 48,000
Light Bonds
5.400-_July 1 '18-'19 48 '03 M-N $22,000c_Nov 1'18-'23
_s
...
4s '15 --- 2.100__Oct 1 '18-'20 _s
1,500c__Nov 1 1918
TOTAL DEBT JAN. 1 1917- 4s '06 F-A I 15,000cNov 1'24-26-27
$1.181,439
Inside limit
1 5.0000_ --Nov 1 1925
507.970
Sinking funds
School Loan
Outside limit
1,168,000 4s '06 M-N $15,000--Nov 1 '18-'26
497,977 Permanent debt Jan 1 1918 $63.350
Sinking funds
31,372,350 Temporary loans
Assessed val., real
45,000
Assessed val., personal...- 2,123,050 Assessed valuation, real__ _4,096,345
Total valuation 1917..
33,495,400 Assessed val'n, personal_... 807,450
Tax rate (per MOW)1916.-419.80 Total valuation 1.917-4,903,795
INT.at Shawmut Nat. Bk.. Bost. Tax rate (per 51.000) 1916_ -421.30
INTEREST on light bonds payable
BreLROSE.This city Is in Middlesex County. in Boston; on railroad loan in Salem;
on other loans in Middleborough.
Inc. a town 1850; city Jan 1 1900.

z._u

JUNE, 1918]

MASSACHUSETTS-CITIES AND TOWNS.

BOND. DEBT Apr 6'18
$43,367
MIDDLESEX COUNTY.
20,000
County seat is Cambridge. In- Floating debt
corporated 1643. Pop'n '15, 733,624. Assessed value, real estate_4.683,285
Assessed valuation. pers'I
679,165
Notes
4s '13 J-D $25,000__Dec 1 '18-'22 Total val.'17 (actual)---- 5,362,450
7,000__Dec 1 '18-'24 Tax rate (per $1,000) '17_ ___$17.00
4s '14 J-D
Pop. '15, 3,166; '17 (est.). 3,166.
Building Bonds
INT. is payable in Boston.
J-D $70,000c-Dec 1 '18-'21
48
Court-House Bonds
'18-'32 NATICK.
J-D *150,000c
48
This town is in Middlesex County.
J-D
_s
18,000c-----1918-26
19 1781. Pop'n '15, 11,119.
BOND. DEBT Jan 1 '18 $238,000 Inc.Feb.School
(Int. at Treas. office).
High
32,000
Note debt (additional)__
$82.500__July 1 '18-'32
J-J
'12
0
Assessed valuation, real-658.088,551
Sewer Notes (Int. at Treas. office).
Assessed val'n, personal_109,785.806
J-J $72,265 _ _-1919-1941
Total valuation 1917----767,874,357 4s
Water Notes(Int. at Treas. office).
INT. at Beacon Tr. Co.. Boston. 48
J-J $43,600 -- 1919-1938
Sewer (Int. at Treas. office).
J-J $150,000 July 1 -'20-25-6
48
MILFORD.
15 1926
J-J
This town is in Worcester County. 48
Water (Int. at Treas. office).
Inc. 1780. Population '15. 13,684.
A-0 $85,000_ __Oct 1 '18-'29
3348
Cemetery Notes.
15.000__Jan 1 '30&'31
430
M-N $1,243___Nov 27 1918 41 Debt J-J
April 1 1918.
Sewer Bonds
Water debt
$143.800
1918-1936 Sinking fund
48 '06 A-0$133.000
19,017
4s '08 M-N 32,000c..Nov 1 '18-33
Net water debt.
-*124,583
48 '11 A-0 18,000c_Oct 1 '18-'26 Sewer debt
$247,265
Sinking fund
48,138
School Notes
Net sewer debt......... 199,127
M-N $10,000 __Nov 1 '18-'19
330
5i .090
48
M-S 9,000__Sept 1 '18-'26 Net general debt
9.000__July 7 '18-'26 High-school debt
J-J
48
82.500
I30,000c_Nov 1 '13-'23
Total net debt of town..._$457,300
4s '15 M-N 28,000c_Nov 1 '24-'30
15.000c_Nov 1 '31-'35 Assessed valuation, real._ _$6,839,975
BOND. DEBT Apr 8 '18.. $256,000 Assess. val. (abt. 80% act) 1,046,725
36,486 Total valuation 1917
7,886,700
Notes
Assessed valuation, real__ 8,032,053 Total tax (per $1,000) 1917_'....325.00
Assessed val'n, personal__ 2,218,937
Total valuation 1917_ __ _10.250.990 NEEDHAM.
This town is in Norfolk County.
Total tax (per $1,000) 1917-421.00
INT. on 4s at Nat. Shawmut Bk., Inc. 1711. Population '15, 6,542.
Library Bonds.
Boston; at Milford Say. Bank and
1918-1934
M-S 38,500
Old Colony Trust Co., Boston; on 4s
Water Debt
330 and 33.0 at Milford Say. Bank.
1918-1933
M-S 532.000
4s
1918-1924
4s
M-S 40,000
MILLBURY.
1918-1937
M-S 86,000
4s
This town is in Worcester County. 4s
1918-1944
M-S 27,000
Refunding Bonds,
High-School Bods.
--1918-1933 330
M-S 321,000_ 1930-1932
430'13 M-S $39,500M-S 69,000 ___ -1933-1944
BOND. DEBT Apr 1918_- $30,500 48
Note debt May 1917
6,700
Town-Hall Bonds
M-S $12,500r -- 1918-1922
Assess. val. bank stocks..
50,000 Is
3,3711,539
Total valuation 1917
School Bonds
J-J $37.500_Dec 31 '18-'25
Assessed val'n, personal.._ _1,178,589 45
1918-1934
J-J 38,000
_3,379.539 48
Total valuation 1917_
1918-1932
J-J
7.500
Tax rate (per $1,000) 1916-420.00 4s
Population 1910, 4,740; 1915__5,295 BOND. DEBT Dec 31 '17.. $352,000
188,000
Water debt (Incl.)
Assessed valuation, real_....7,948,550
MILLERS' FALLS WATER DIST. Assessed val'n, personal_ __1 ,209,105
Organized Mar. 18 1896.
Total valuation 1917__9,158.655
BOND. DEBT Apr 23 '18.. $55,000 Total tax (per $1.000) 1917- --$19.80
22,364
Sinking fund
coupons are payable
Assessed valuation 1918..__1,107,370 atINTEREST
Boston Safe Deposit & Trust Co.
$3.00
Tax rate (per $1,000).
1,800 NEW BEDFORD.
Population 1918 (est.)
This city Is in Bristol County.
MILLIS.
Inc. Mar. 9 '47. Pop'n '15, 109,568.
This town is in Norfolk County.
City Improvement
Incorporated Fee. 24 1885.
18,000_ _r_July 11018
4s g '08 J-J
45
___ $30,000_ _ _ _ Dec 1 1925 4s '08 M-N 2,000r.._ _Nov 1 1918
$30,000
BOND.DEBT Jan 1 1918
52,000r_July 1 '18-'19
330'09 J-J
45,360 4s '09 F-A
Floating debt
2.000r_Aug 1 '18-'19
25,929 4s '10 M-S 42.000r_Mch 1 '19-'20
Sinking fund (water)
Assessed value, real estate..1.215,595 4s '10 J-D
8.000r_June 1 '19-'20
266,337 4s '10 J-J 50,000r_ __July 1 1920
Assessed valuation, pers'i
Total assessed val'n 1917_ _1.481,932 4s '10 A-0 50,000r_ _Oct 1 1920
Tax rate (per $1,000) 1917_ __$22.00
Municipal Loan Bonds
Pop. '15, 1,442; '18 (est.), 1,600. 43 '11 M-S $57,000r__Mch 1 '19-'21
48 '11 J-D 24,000r_June 1 '19-'21
45 '11 J-J • 15,000r_July 1 '18-'21
MILTON.
This town is in Norfolk County. 4s '12 M-S 60,000r__Mch 1 '19-'22
16.000r_Jan 1 '19-22
Inc. 1662. Population 1915. 8.600. 48 '11 J J
$5.000 45 '11 M-N 10,000r _Nov 1 '18-21
Park bonds
48 '12 M-N 60,000r-May 1 '19-'22
School Loan
4s '11 A-0 4,000r_Oct 1 '18-'21
3348'09 M-N $63,000-Nov 1 '18-'29 4s
'12 F-A 10,000r_Aug 1 '18-'22
1918-1926 4s '12
4s '16 M-N195,000
M-S 25,000r_Sept 1 '18-'22
Library Bonds
4s '12 M-N 20,000r_Nov 1'18-'22
1918-1922 00'13 F-A 48,000r_Aug 1 '18-'23
48
$12,500
430'13 M-S 66,000r_Sept 1 '18-'23
Sewer Bonds
5s '13 M-S 225,000r_Mar 1 '19-'23
48
--- 324.000
4s '13 M-N 18.000r _Nov 1 '18-'23
Water Bonds
48 '13 J-D 48,000r_Dec 1 '18-'23
3 Ms
F-A$150,000e_Aug 1 '18-'32 48
'13 F-A 12,000r_Aug 1 '18-'23
BOND. DEBT Apr 1918_ $494,500
9,000__May 1 '19-'21
Assessed valuation, real...15,688,250 4s '16 ---f10,000__May
1 '22-'26
Assessed val'n, personal__ 2,146.353
Cemetery Bonds.
Total valuation 1917_ _ t 7,834,603
A-0
1
$6.000r_Apr
'14
4s
'19-'24
Tax rate (per $1,000) 1917.. -$16.00
Fund Bonds.
Population 1915, 8,600; 1917, 9.129 45Trust
'14 M-S $85,000rMar 1 '19-'29
0of 1909 at Old
INT. on school 33,
Bridge Bonds
Colony Trust (Jo., Boston; other 4s '07 J-J $777,000r_ __Jan 1 1957
loans at First Nat. Bk., Boston.
4s '10 A-0 I 4,000r _Oct 1 '18-'19
121.000r .._ __Oct '20-'40
MONSON.
4s '13 M-N 5,000r._ _Nov 11018
This town is in Hampden County. 4s '15 M-S 16,000r_Mar 1 '19-34
4s '15 F-A 10.000r_Aug 1 '18-'27
Water-Works Bonds.
M-S $15,000c
4s
High-School Bonds
($3,000 yearly on Sept. 1.)
3)ig'05 J-J $100.000r_ __July 11025
School-House Notes.
60,000r.. _Jan '19-'30
3;0'10 J-J
J-D $18,000c
4s
4s '11 J-J 65,000r_Jan 1 '19-'31
($2,000 yearly on Juno 1.)
45 '11 J-J 70.000r_July 1 '18-'31
BOND. DEBT Jan 1 1918_ $33,000 4s '12 J-J 70.000r_Jan 1 '19-'32
Note debt (additional)____
18,000 4s '12 J-D 35.000r_June 1 '19-'32
TOTAL DEBT Jan 11918.. 38,000
Sewer Bonds
Assessed valuation, real......1,450,965
A-0 $58,000r_ __Apr 1 1925
Assessed val'n, personal..__ 381,453 48 '95 M-S
69,000r__Mch 11027
4s g '97
Total valuation 1917--1,832,418 3
35,000r_ __Feb 1 1928
F-A
rate(per
Total tax
$1,000)'17-321.80 3 34it'99 F-A 33,000r_
1 1929
Population in 1915
5,004 334g'02 M-S 30,000r.. __Feb
_-Mch 1 1932
INT. payable at Monson National 48 g '03 J-D 30.000r_ --Dec 1 1933
Bank, Monson.
48 g '05 J-J 62,000r_ _July 1 1935
48 g '07 A-0 160,000r_ Oct 1 '18-'37
NANTUCKET.
4s '10 J-D 41,000__Dec 1 '18-'46
4348'10 J-D 124,000__June 1 '18-'47
A town in Nantucket County.
First incorporated in 1671 by the 4s '11 M-N 115,000r_May 1 '19-'41
Province of New York under name of 4s '11 J-D i16,000r-Dec 1 '18-'21
60,000r_ _ Dec 1 '22-'41
Sherburn; on Juno 22 1695 was incorporated by Province of Massa- 48 '12 J-D 05,000r_June 1 '19-'42
chusetts as town of Nantucket.
4s '12 M-S 80,000r_Sept 1 '18-'42
Beach Purchase Bonds.
4s '12 J-D 120,000....June 1 '19-'42
Nov $366.66___Nov 1918 45 '13 MS 80,000r_Mar 1 '19-43
4s
430'13 M-S 130,000r_Sept 1 '18-'43
Sewer Bonds.
M-S $2,000r
4s '13 J-J 124,000c_July 1 '18-23
4s
M-S 11,375r_Sept 1 '18-'24
130,000c_July 1 '24-'33
5s
430'13 J-J 30,000c_July 1 '34-'43
General Bonds.
10-A $10,000r_Aug 1 '18-'22 4s '13 J-D J44,000c_June 1 '19-'23
4s
F-A 12,000r_Aug 1 '18-'23
160,000c_June 1 '24-33
44s
430'13 J-D 60,000c_June 1 '34-'43
School Bonds.
48
J-J a $9,000r_July 15'18-'26 48 14 A-0 132,000r_Apr 1 '19-'34
7,000r_Oct 15 1917
Oct
1110,000r_Apr 1 '35-'44
4s




4s '14 J-J

36

134,000r_July 1 '18-'34 NEWBURYPORT.
This city is in Essex County. Inc.
100,000r_July 1 '35-'44
4s '14 J-D 128,000c_Dec 1 '18-24 June 1851. Pop'n 1915, 15,311.
156,000c_Dec 1 '17-'44
Police-Building Bonds
4s '15 M-S 108,000r_Mar 1 '19-'45 48 '11 M-N $18.000c_May 1 '19-'26
43 '15 M-S 27.000r_Mar 1 '19-'45
Water Bonds (outside limit)
48 '15 A-Of 9,000r_Oct 1 '18-'20 3348'04 J-D $188.000c_ _June '18-'34
1 50,000r ..Oct 1 '21-'45 48 '08 J-J
3,000c&rJ'iy 1 '18-'38
48 '16 M-S 140,000r_Mar 1 '19-'46 48
8,000___Dec 1 '18-'21
48 '16 __- 46.000„Apr 1 '19-'46 430'14 A-0 127,000__Oct 1 '18-'44
4s '17 A-0 48,000r_Apr 1 '19-'47
115,000__Oct 1 '17-'19
1918-1946
4s '16 F-A 48,000
Pleasant St. Bonds.
48 '17 ___ J36.000___Jan 1 '19-36 0'12 J-D $5.000c_Dec 2 '18-'22
111.000__ _Jan 1 '37-'47
School Bonds
434s'17 F-A 30,000__Aug 1 '18-'47 33-i5
$35,000c&r_July 1 1922
J-D 50,000c_ _-Dec 1 1923
350
Wharf Bonds
48 g '97 M-N $52,000r_ __May 1 1927 43 '10 M-N 16.000c_Nov 1 '18-'25
Refunding Bonds
48 '11 A-0 6.000r Apr 1 '19-'21 33-s'08
M-S $4,000r___Sept 1 1918
Park Bonds
48 '92 A-0$100,000r_ __Apr 1 1942 48 '09 M-N 62,000c_ __Nov 1 1924
9,500_ _Mch 1 '19-'20
3 Mg'01 J-J 28,000r_ -_July 1 1951 3js
Sewer Bonds (outside limit).
48 '07 J-J 72,000r_ __Jan 1 1937
1.1-S $65,000c_ __Sept I 1919
4s '14 A-0 26,000r_Apr 1 '19-44 48
43
M-N 35,000r_ -Nov 1 1919
Macadam Bonds,
A-0 7,500r_ --Oct 1 1919
48 '14 A-0 $10,0130r„-Apr 11919 48
M-S 46,000r_ --Sept 1 1931
48 '14 A-0 4,000r__Oct 1 '18-'19 33.0
City
Dec 30 1916Debt
4 '15 M-S 40.000r__Mar 1 '19-'20
Inside limit
$151,750
4s '16 __- 30.000r_June 1 '19-'21
Outside limit
530,500
4s '17 A-0 40,000r_Apr 1 '19-'22 Sinking
funds
4s '17 J-J 20,000July 1 '18-'19 Borr. capac. within limit.. 209,603
203,926
43,6s'17 F-A 25,000„Aug '18-'22 Assessea
vivation, real.... 8,274.950
49Ls'17 M-S 25,000__Sept 1 '18-'22 Assessed val'n,
personal.._
3,053,971
43,s'17 M-N 5,000_ _Nov 1 '18-'22 Total valuation 1917_ _11,328.921
School & Public Bldg Bonds
(per $1,000) 1916-__$19.20
334g'99 F-A $30,000r_ __Feb 1 1919 Tax rateat
City Treasury, at Ocean
INT.
334g'99 J-D 200,000r.. _June 1 1920 Nat.
and American Trust
3358'02 M-S 65,000r_ _Mch 1 1922 Co. of Bank
Boston.
F-A
3S4g'03
120,000r- -Feb 1 1923
4s g '03 J-D 50,000r_ __Dec 1 1923
45 g '05 J-D 16.000r_Decil '18-'25 NEWTON.
This city is in Middlesex Co. Inc.
48 g '04 J-J
35,000r_ _July 1 '18-'24
4s g '05 J-J
21,000r_ _Jan 1 '19-'25 June 2 1873. Pop'n 1915, 43,113.
*Water Loans
48 g '05 J-J
21,000r_ __July 1 1925
48 g '08 J-J 165,000r__July 1 '18-'28 48 '88 ___ $100,000c&r_Oct 1 1918
48 '10 J-D 60,000r_June 1 '19-'30 45 '90 A-0 250,000c&r_Apr 1 1920
4s '11 J-J f 12,000r_Jan 1 '19-'21 45 '91 A-0 100,000c&r_Apr 1 1921
1922
1 30,000r__Jan 1 '22-'31 4s '92 ___ 100,000c&r_Apr 1 1923
48 '11 J-J
91,000r__Jan 1 '19-'31 48 '93 F-A 50,000c_ _Aug 1
48 '10 J-D 14,000r_ _Dec 1 1930 4s '94 A-0 75,000c&r_Apr 1 1924
4.8 '12 M-S 190,000r Sept 1 '18-'27 4s '95 F-A 60,000c&r_Aug 1 1925
1 1926
140,000r Sept 1 '28-'32 48 '96 J-J 70.000c&r_July
4s '14 F-A
6,000r__Feb 1 '19-'24 48 '97 J-J 45,000c_ __July 1 1927
4s '17 A-0 $37,000.._Apr 1 '19-'37 48 '98 M-S 75,000c_ __Mch 1 1928
43is'17 M-S 150,000,_Sept 1 '18-'37 3348'01 M-S 25,000r_ -_Sept 1 1931
3 Ms '02J-D 35,000c_ __June 1 1932
Rifle Range Bonds.
4s '16 -_- $8.000_ _May 1 '19-'26 3343'03 J-D 20,000r_June 1 '19-'28
348'04 14-N 17,000r Nov 1 '18-'34
Water Loan
48 '94 A-0$120,000r_ __Apr 1 1924 3340'06 F-A 18.000r_Feb 1 '19-'36
36,000__Mar 1 '19-'46
4s g '94 A-0 200,000cr_Dec 15 1924 33-0'16
Drainage Loan.
48 g '96 A-0 400,000cr__Apr 1 1926
48 g '97 J-J 600,000cr _Jan 1 1927 4s '16 -_- $4,000„Aug 1 '18-'21
*Highway Loans.
3 34g'00 J-D 48,000r.. _June 1 1930
4s '10 J-D 110,000r_June 1 '19-'40 48 '96 1.1-N $80,000c&r_May 1 1936
*Sewer Bonds
48 '10 M-S 69,000r_Sept 1 '18-'40
1922
4s '11 M-N 115,000r_May 1 '19 '41 48 '92 J-D $98,000____Dec 1 1922
54,000r_May 1 '19-'27 4s '92 J-D 21,000__Dec 15 1923
48 '12 M-N(50,000r_May 1 '28-'37 48 '93 F-A 100,000c.. __Aug 1
100.000c&r_Jan 1 1924
20.000r_May 1 '38-42 48 '94 J-J 125,000c&r_Oct
1 1924
48 '94 A-0
Fire Department Bonds.
48 g '07 M-N $20,000r.. __May 1 1927 48'95 J-D 70,000r_ __Dec 2 1925
1 1926
70.000c&r_July
J-J
'96
48
48 '16 M-S 126.000r_Mar 1 '19-'39
4s '17 M-S $28.000__Mar 1 '19-'22 48 '97 M-N 100,000c&r_May 11 1927
1928
430'16 J-J 40,000__July 1 '18-'37 4s '98 1.1-3 50,000c&r_Sept
3 Ms'00 11-N 25,000r_ __May 1 1930
tlighway Bonds.
A-0 20.000r_ __Apr 1 1931
f$13,000r___Apr 1 1919 3.108'01
1931
4s '14 A-01 60,000r__Apr 1 '19-'24 330'01 J-D 50.000c&r_Dec11
'19-28
4s '14 A-0 14,000r__Oct 1 '18-'24 3348'03 J-D 20,000r.._June
24,000r_ _July 1 '18-'29
4s '14 A-0 I 3,000r___Oct 1 1918 33-0'04 J-J
13,000r._July 1 '18-'30
112,000r_ _Oct 1 '19-'24 330'05 J-J
18,000 __Oct 1 '18-'35
4s '15 M-S 84,000r_Mar 1 '19-'25 4s '08 A-0 63.000r_June
1 '19-'38
3.658'08J-D
4s '15 J-J 48,000r_July 1 '18-'25 330'10
__June 1 '19-'40
44.000
J-D
48 '15 M-S 110,000r_Sept 1 '18-'22 4s'13 M-N 25,000__May
1'19-'43
1 3,000r_Sept 1 '23-'25 48
'13 M-N 26.000__Nov 1 '18-'43
48 '15 A-0 24.000r_Oct 1 '18-'25
'18-'44
1
26.100c_June
J-D
'14
4s
48 '14 J-J 35,000r_July 1 '18-'24
___ 27,000.._Nov 1 '18-'44
4s '16 ___ 160,000__Apr 1 '19-'26 4s '14 F
'18-'45
1
Aug
_
28.000_
-A
'15
48
48 '16
40,000__May 1 '19-'26
_ 28,000__ Feb 1 '19-'46
4s '17 A-0 90,000r__Apr 1 '19-'27 330'16
*Charles River Basin Loan.
4s '17 J-J 100,000__July 1 '18-'27
$4,000__Nov 1 '18-'21
M-N
330'11
43is'17 F-A 100,000__Aug 1 '18-'27
*Washington Street Loan 5s '18 F-A 100,000__Feb 1 '19.'28
-Dec 1 1925
$45,000c_
J-D
'00
3s
Nov
1
'18-'26
25.000..
M-N
'16
4s
330'01 J-D 35,0000_ _Dec 1 1926
43is'17 M-N 10.000_ _Nov 1 '18-'27 330'02
12,000c-Dec 1 1927
Municipal Building Bonds
J-D 13,000r_ -Dec 1 1928
30'09 J-J $60.000r_July 1 '18-'29 3348'03
3.500r_ _July 1 1929
'07 J-J
4s '10 J-D 60,000r_June 1 '19-'30 48
'95 F-A 300,000c&r_Aug 1 1935
4s '10 M-S 65,000r_Sept 1 '18-'30 4s
1 1936
200.000c&r_Feb
-A
F
'96
48
48 '11 M-N 52.000r_May 1 '19-'31 4s '96 J-J 60,000c&r_July 1
1936
4s '15 M-S 6,000r..Sept 1 '18-'23 45 '96 J-D 100,000c&r_Dec 1 1936
48 '16 ___ 49,000__May 1 '19-38 45
1937
100,000c&r_Septl1
M-S
'97
Library Bonds
48 '97 J-D 50.000c&r_Dec 1 1937
330'09 J-J $55,000r_Jan 1 '19-'29 43
M-N 50.000r_ __Nov:1 1938
48 '10 J-J 60.000r_ _Jan 1 '19-'30 48 '98
'99 J-D 63,000c...Dec1 1939
4s '10 Id-S. 47.000r_Sept 1 '18-'30
1.41
Street Bonds.
Street Widening Bonds.
'10 J-J $6.000__Jan 1 '19-'29
48 '13 M-N$416,400c_Nov 1'18-'33 4s
48 '13' J-J
6,000__July 1 '18-'2$
Police Bonds.
3,500__July 1 '18-'24
J-J $47,000r_ __July '18-'36 48'14 __4s
8,000„July 1 '18-'25
4s '15 ___
Police Station Bonds.
9,000__July 1 '18-'241
4s '16 ___
430'16 _-- $150,000„July 1 '18-'37 48
9,000_ _Oct 1 '18-'20
'16 ___
43's'18 M-S 5,000__Mar 1 '19-'23 330'16
M-N 4.500__Nov 1 '18-'26
Department Equipment Bonds.
27,000__June A '19-'117
43.6s'17 J-J $15,000__July 1 '18-'22 43is'17 J-D Bonds
43(8'17 F-A
4,500__Aug 1 '18-'21 38 Hospital
'00 A-0 $30,000r.. __Oct 1 1920
Military Equipment Bonds.
J-D 17.900r_ __June 1 1921
4',s'17 M-S $5,000__Sept 1 '18-'22 3.10s'01
Bonds
Boulevard
1918
J-D
1
2,500____Dec
43-is'17
330'99 .T-D $15,000% __June 1 1919
INTEREST on coupon bonds paySchool Loans
able at the office of the City Treas.: 4s '98 J-J $15.000r.. _July 11918
registered bonds by check.
330'99 M-S 82,950r.. _Sept 111919
DEBT STATEMENT APR. 11918. 33-0'01 A-0 34,000r_ __Oct 1;1921
Bonded debt __ _........$10,352,0 0 330'02 J-J 211,000c&r_Jan 111922
Sinking funds............ 1,915,000 330'02 A-0 7,850r_ __Apr 171922
8,437,000 330'04 M-N 24.000r_ __May '19-'24
Net debt
Water debt (Incl. above)_ 1,802.000 3343'07 F-A 81.000__Feb 1 '19-'27
Water sk. fd. (incl. above) 268,679 4s '08 J-J 193,000_July 1 '18-'28
Other debt exempt from
330'09 A-0 3,000_ Apr 1 1919
statutory limit., incl.
330'10 M-S 4,000_Mch 1 '19-'20
6.991,000 330'11 M-S 3.000_Mch 1 '19-'21
above
Borr. capac
175,606 3.65812M-N 12,000___May '19-'22
75,667.225 45 '15 J-J
Assessed val., real.
11,500„July 1 1918
Assessed val., personal_ _38,000,345
12,000__July 1 '19-'20
Total val. 1917
113,667.570
School Bonds.
Value of city property '17_15,496.386 4s '17 J-J $3,000_ _Jan 1 '19-'24
$1,000)
Tax rate (per
1917 -323.00
Engine-House Loan
The water, park, bridge (except 33-4..ç02 M-S *16,000r.. __Sept 1 1922
ire Protection Bonds.
1915), high-sch., library, municipal
bldg. and wharf bonds, sewer 4s '13 M-S 35.000-Mar 1 '19-'23
bonds of '07, '01. '02, '03, '14 and 48 '17 F-A 31,350__Feb 1 '12-'37
Public Library Bonds.
$120,000 of 1915, school bonds of
1004, '05. '08, '10, '11 and '12, 3.65s'12 M-N $28.000-May 1 '18-'32
Land Purchase Bonds.
street-widening and trust funds and
police-station and engine-house bonds 4s '13 M-N 82,000.May 1 '19-'22
Bridge Loan.
are authorized outside the debt
4s '16 --- 25.000--MaY 1 '19-'23
limit.

36

MASSACHUSETTS-CITIES AND TOWNS.

NEWTON (Concluded.)Bridge Bonds.
430 '17 ___ $25.000c_Aug 1 '18-'37
STATEMENT OF DEBT, &o.,
DEC.31 1917.
______ $3,284,800
Municipal debt
1,081,000
Water debt
4,365,800
Total debt
2.080,458
Total sinking funds
Water sink. td. (incl.) - _ - 697,445
Borrow. capac. Dec 31 '17 1,420.216
63,736,650
Assess. val. real
Assess. val. personal
8,783,360
$72,510,010
Total val. 1917
Total tax (per $1,000) 1916-418.90
['Loans issued outside debt limit.]
/NT. at First Nat. Bk. of Boston.

Bridge Bonds.
4s '13 M-N$15.000c_Nov 1 '18-'20
School Bonds
330'04 A-0 $20,000o_Oct 1 '18-'21
4,000r..Sept 1 '18-'21
3.658 M-S
430'13 F-A 36,000c_Aug 1 '18-'23
430'14 M-S 93.500c_Sept 1 '18-'34
-__ 4,000__Oct 1 '18-'21
430
Sewer Loans
48 '14 A-0 $2,000_-__Apr 1 1919
6,000r_July 1 '18-'23
3.85s J-J
2,000r_Sept 1 '18-'19
3.658 M-S
4.000.._June 1 '19-'20
430'15 J-D
Water Bonds
330 g J-J $72,000c_July 1 '1-826
BOND.DEBT Nov 30'17 $364,600
72,000
Water debt (included)___
14,691,040
Assess val. real
3,804,778
Assess. val. personal
NORFOLK COUNTY.
Dedham is the county seat. Inc. Total valuation 1917_ -- -.18,495,818
cash value.)
1793. Population 1915. 201,907. (Assessment about fair
1917_ --$20.40
4s '16 M-N 30,000cNov 15 '21-'25 Tax rate (per $1,000) Co.Nat.
Bank,
Hampshire
at
INT.
School Bonds.
for Savings and
48 '16 M-N$55,000c.Nov 15'20-'31 Northampton Inst.Bank.
5,000c___June 1 1919 Northampton Nat.
4s '16 J-D
Serial Notes
4s '05 J-J $30,000____July 1 1918 NORTH ANDOVER.
330'05 J-J 40,000 __July 1 '19-'20
This town is In Essex• County.
1,383 -July 1 1921 Inc. 1855. Population 1915, 5,956.
45 '06 J-J
48 '11 M-S 24,000o_Sept 15 '18-20
Water Bonds
BOND.DEBT Apr 1 1918 $190,383 4s '98 J-J $80,000c___July 1 1923
120,000 4s '99 .1-3 40,000c___July 1930
Time notes
Assessed val'n, real
251,423,052 4s '04 M-N 13,000c_May I '19-31
Assessed val'n, personal_ 41,432,206 48 '14 J-D
3,000.June 1 '19-'21
Total valuation 1917.._ _292,855,258 4s '15 J-D 16.000__June 1 '19-'34
INT. on notes at Nat. Shawmut
Engine-House Bonds
Bank; on school bonds at First Nat. 4s '08 J-D $11,000c_Dec 1 '18-28
Bank, Boston.
School Bonds
48 '11 J-D $14,000c_June 1 '19-'24
48 '14 M-N 4,000_ May 1 '19-'22
NORTH ADAMS.
This city is in Berkshire Co. Inc. 4s '16 F-A 63,000154.000 yearly
1 on Aug. 1.
Mch 22 1895. Pop'n 1915, 22,035.
Sewer Bonds
State-Ilighway Bonds.
1 '18-'34
334,000o_July
J-J
'09
4s
430'14 M-N $8,680 ..Nov 1 '18-'24
4,200__M&N '18-'23 BOND.DEBT Dec 31 '17 $282,000
4 s'13
8,800„M&N '18-'23 Water debt (included)__.. 155,000
4 8'14 __83,444
Sinking fund (water)
Cemetery Bonds.
4,708,093
41 '14 M-N $4,375.. Nov 1 '18-'24 Assess, val. real
696,194
personal
val.
Assess.
City-Hall Annex Bonds.
5,399,287
4s '15 -__ $2,800_ _Aug 10'18-'25 Total val. 1917
(Assessment at fair cash value.)
Refunding Loans
3.15g'99J-J x$21,850 --J'ly 1 '18-20 Tax rate (per $1,000) 1915_ -421.00
3.15g'00M-S z30,533.33-Mch'20-'21 INT. at Winthrop Nat. Bk., Boston.
3 34g'01 F-A x30,533.33--Feb '21-23
33ig'02 A-0 x30,533.33 --Mch '23-25 NORTH ATTLEBOROUGH.
This place is in Bristol Co. Inc.
3 Tig'03 A-0 x11,533.32 -1925-1926
334g'04 F-A x6,533.33.. __Aug 1926 1887. Population 1915. 9,398.
Water Bonds
3.45g'05J-D x4,533.33_June 1 1926
4sg'06 F-A z1,533.32 __Aug '26-27 48 '93 J-J $47,000c___ _Jan 1923
4%3'07 .14 z1,533.33_July 1 1927 4s '12 M-S 10,000c_Sept 1 '18-'22
Notes
4sg'08 M-S 7.3,533.34-Sept 1 1927
$15,900 _ _Sept 1 18-'23
33isg'09J-D x3,783.33..June 15 '27 Water 48
4sg'10 J-D x3,333.34_June 15 '27 Town 330 18,000 July 1 '18-'29
do 4s
14,000-Sept 1 '18-'24
4sg'10 J-D
8,250___June 15 1918
Sewer Notes.
3.90g'11J-D x3,333.34_Junel5 1927
3.908'11J-D 25,000_June 15'18-'20 4s '09 M-N $178,000o_Nov 1 '18-'39
2,000_June 21 1918
3.65(12M-S 20,000 _Mar 1 '21-'22 4s '11 J-D
.000_ _ _0ct 1 '18"23
4316'13 A-0 f10,000____Apr 1 1023 430'13 ___
Electric-Light Bonds Sc Notes.
1 5,000- _Apr 1 1924
J-J $50,000c_ ....Jan 1 1924
430'14 M-N 15.000_Nov 1 '24-'25 48
1,390--July 1 '18-'19
J-J
48 '15 ___ 10,000____Sept 1 1926 330
45 '06 M-N 12.000..-May 1 '19-'24
Sewer Loans
Notes.
Highway
1
$10,000
_June
'19-'28
J-D
3
8,400_ __June '18-'29 48 '12 M-S $1,000c---Sept 1 1918
3.2g'99 J-D
School Bonds.
3.17g'01J-D •5,000.. __June '18-'31
....Nov '18-'32 5s '18 F-A$160,000c_Feb 1 '19-'34
'4,700..
3.4g'02 M-N
4,800_ __Aug '18-'33 TOT. BD. DT. Jan 31 '18- $537.090
4s g '03 F-A
350_ _ __Sept 1 1918 Deductionsrater dobt_ _ _ 258,900
4a g '08 M-S
Elec light bds_ 65,390
48 g '10 J-D
1,500_June 15 '18-'20
5,000_June 10 '18-'21 Sink,funds water & light)_ 70,452
3.90s'11J-D
60,769
6,500_June 20 '18-'22 Borrowing capacity
4s '12 J-D
Assessed val'n, real estate_6,484,300
Sewer Se Sidewalk Bonds.
4348'14 M-S $5,000-..Sept 1 '18-'19 Assessed val'n, personal_ 1,944,220
8,428,520
Total valuation 1917
High.School Bonds.
45 '15 M-S$171.000c_Sept 1 '18-'35 Total tax (per $1,000) 1917_421.80
4s '16 -__
1918-1936 INT. at Boston Safe Dep. & Tr. Co.
9,500
Sundry Loans
334g'96 J-Ds$42,000___June '18-'26 NORTH BROOKFIELD.
This town is in Worcester County.
3.6g'96 J-D '9,000_ -June '18-'26
334g'97 A-0 •59,400___Mch '19-'27 BOND.DEBT Jan 1 1917 $30,000
6,000
4,622_June 15 '18-'19 Floating debt
354g'09
48 '16 .._ 127,000
1918-1926 Assessed value, real estate-1.561,595
1927-1936 Assessed value, personal_.... 404,796
125,000
Total assessed value 1917.._1,966,391
Park Loans
36g'02 M-N *512,000- --Deo '18-'32 Tax rate (pot $1,000) 1917_416.70
2,947
Population in 1915
Water Loans
3(s'89 J-J $16,000......_june'18219
330g'95J-J 62,000____Aug '17-'34 NORTH CHELMSFORD FIRE
DISTRICT.
3.6sg'95M-N 18,000-June 1 '18-'35
A district in Middlesex County.
336 g'96 J-D 14.250.._June 1 '13-'36
3.65g'10M-N1 9.100_Nov 12 '18-'30 Incorporated in 1906.
1 6,000_Nov 12 '31-'40 45 '06 A-0 $38,000o __Oct 1 '18-'35
10,400_July 28 '18-'43 48 '07 M-S 17,000c_Mch 1 '19-'35
430'13 J-J
48 '14 M-N1 84,500-May 1 '18-'30 430'08 A-0 6,800o-April '19-'35
1 84.000_May 1 '31-'44 430'10 A-0 2.000c _..1936&1937
430'17 J-J
10,000c-July 1 '18-'22 BOND. DEBT May 1 '18.- 363,800
Assessed valuation 1916_ -2,152,080
Paving Loan Bonds.
430'17
20,000c_July 1 '18-'25 Fire Dist. tax (pr $1,000) '16._ 45c.
4,000c..July 1 '26-'27 INT. at Appleton Na;. Bk.. Lowell
TOT.BOND DEBT DEC.1917Inside debt limit
$307,773 NORTH EASTON.
This municipality is in Bristol Co.
Outside debt limit
436,312
Water debt
Water Bonds.
300,750
TOTAL DEBT Dec 1 1917 1,044,835 430'17 F-A $60,000c_Aug 1 '18-'47
Borrow. capac. July 11 '17 127,991 BOND. DEBT Apr 1918-- $60,000
Assessed val'n, real estate.12,538,765 Assessed valuation 1916_-5,407,503
3.000
Assessed val'n, personal.... 4,117,255 Population in 1917 (est.)
INT. payable at Old Colony
Total valuation 1917
16,656,020
Total tax (per $1,000) 1916.-321.10 Trust Co., Boston.
Ili Outside debt limit. x Part of
NORTHFIELD.
fame outside of debt limit.
A town in Franklin Co. Inc.1672.
INT.in Boston at First Nat. Bank
and Nat. Shawmut Bank and in Nor. BOND. DEBT Dec 31 '17- $32,000
12,000
Adams at North Adams Nat. Bank. Floating debt
Assessed value, real estate_1.324,959
value, personal_... 226.252
Assessed
NORTHAMPTON.
assessed value 1917_ _1,551,211
This city is in Hampshire Co. Inc. Total
rater(per $1,000) 1917_ __$22.00
June 23 1883. Pop'n 1910, 19,431. Tax
1.782
in 1917
Population
Department Equip't Bonds.
48 '16 J-D $6,000c_June 1 '19221
NORWOOD.
Paving Bonds.
This town is in Norfolk Co. Inc.
430'14 M-S $17.500c_Sept 1 '18-'24
48 '16 J-D 24,000c-June 1 '19-'26 1872. New charter adopted Oct 6.
Population 1915, 10,977.
1914.
Library Bonds.
Park Sc Office Bldg. Lots.
0'17 M-N$20,000c_May 1 '10-'22
J-D $28,000c-Dec 30'18-'31
48
Mt. Tom Highway Bonds.
Water Bonds.
430'14 M-S $4,000c_Sept 1 '18-'19
J-D $4,0000_ -June 1 1920
4s
King St. Highway Bonds.
4s'15 J-D $8,000c_Dcc 1 '18-'21 0'11 Sept 60.000o --.1918-1932
Water Notes.
Sidewalk-Construction Bonds.
1918-1920
J-D 53,000
4348'13 A-0 $2,000c----Oct 1 1918 4s
Highway Notes.
Steam Roller Bonds.
1918-1920
J-J $24,000
430'16 J-J $2,600-July 15 '18-'21 45
1918-1926
F-A 36,000
4s
Hospital Loans
1918
4,250
3.85s M-S $1,000r-Sept:1 1918 48 '13 --•




[VOL. 106.

Improvement Bonds
Sewer Bonds.
4s '07 J-D$108.000__June 1 '19-'47 4s '08 J-D415,000c&rDeo 1 '18-'20
Water Bonds
48 '08 F-A 31,0000.Aug 1 '18-'48
J-D 40,000c_Dec 30'18-'37 45 '08 M-N $70.0000_ilay 1 '19- 32
48
4s '08 M-N 160,000c_Nov 1 '18-'33
Sewerage Loan (Notes).
1918 4s '09 M-N 75,000c_Nov 1 '18-'32
J-D $1,500c.
4.18
4s '11 F-A 420,000__Mch 1 '19-'39
School-House Notes.
1918-1926 4s '11 M-N 90,000c_Nov 1 '18-'35
J-D 51,800
330
M-S 240,000c_Mch 1 '18-'32
J-D 43,100--__Dec '18-'32 48
430
1918-1926 48 '12 M-N 89,000__Nov 1 '18-'35
___ 21,800
48
4s'13 M-N172,000__Nov 1'18-'35
Electric-Light.
430'07 J-D $22,500r_Dec 1 '18-'27 4s '16 ___ 20,000__May 1 '19-'20
4s '16 J-D
8,000-Dec 26'18-'21 4s '16 M-S 12,000--Sept 1 '18-'21
Sidewalk Bonds.
TOTAL DEBT May 9 1918 $642,758
-_- $12.000____Dec 1 '18-'20
6,837 4s
Sinking fund _
12.760.069
Sidewalk Notes.
Assess. val. real
$14,100_-__Aug 2 1918
430
3.625,565
Assess. val. personal
17,500.--Nov 6 1918
16.386.634 48
Total val. 1917
Park Notes.
Total tax (per $1,000) 1917..-813.30
$10,000___Oct 1 '18-'19
INTEREST paid by New Eng. Tr. 58
Water Notes.
Co. and First Nat. Bank, Boston,
$2,100____Aug 1 1918
and Norwood Nat. Bk., Norwood. 430
6,000_ _--Nov '18-'20
___
430
___ 40,000
530
ORANGE.
($10,000 yearly)
This town is in Franklin Co. Inc.
Sewer Bonds
Feb. 24 1810. Pop'n 1915, 5,379. 330 g J-D $80,000c&r,June 1 '19-'26
Town Hall Bonds.
48 '08 M-N 48,000c&r_Nov 1'19-'23
48 '11 A-0 $33,000c__Oct 1 '18-'31 4s '11 F-A 85,000c&r__Febl'24232
Water Bonds.
M-S 20,000c..Mch 1 '19-'21
48
48
M-S $55,000o-Sept 1 '18-'30 4s '13 M-N120,000Nov 1 '18-'29
Sewer Bonds.
4s '15 F-A 92,000_ _Aug 1 '18-'40
M-N$ 7,500c_ _Nov 1 '18-'20 48 '16 M-S 58,000__Sept 1 '18-'46
4s
School-House Loans.
Playground Bonds.
F-A
$800____0n demand 4s '15 F-A $15,000__Aug 1 '18-'32
430'08 F-A 11,500 __ On demand
School Bonds
Play-Grounds.
330 g F-A$18,000c&rAug 15'18-'20
4 50'08 F-A
$500-.. __On demand 4s '09 J-D 138.000c&rDec 1'18-'27
BOND.DEBT Apr 5'18- $95,500 430'13 --- 1143,000__June 1 '19-'29
12,800
Notes outstanding
1 12,000_ _June 1 1930
72,185 45 '13 J-D 70,000...Doc 1 '18-'33
Borrowing capacity
3,123,260 48 g '15 F-A 48,000._Feb 15'19-'26
Assess. val. real
786,455
Assess. val. personal
15 1927
_
2,000__Feb
56,480
Assess. val. bank stock._._
Bridge Notes.
3,966,195 430
Total val.'17 (actual)
___ $5,300___Aug 14 1918Total tax (per $1,000) 1917_ -422.00
Pavillion Notes.
$4,500---Nov 23 1918INT. on water bonds at Orange 4348
Notes.
State-Aid
Nat. Bic. and at office of Town
2,100_-__Nov 23 1918
Treas.; on sewer bonds .at Nat. 4348
T. DEBT Jan 1 '18..__$2,584,563
Bank; on town-hall bonds at Old
1,438,100
(incl.)
debt
Water
Colony Tr. Co., Boston, and Orange
470,000
Nat. Bank; all other loans at Town Sewer debt
70,000
debt
School
office.
Treasurer's
20,000
Paving debt
15,000
Playground debt
447,921
Borrowing capacity
PALMER.
34,401,865
This town 18 in Hampden County. Assess. val. real
6,206,570
personal
Inc. Aug. 23 1775. Pop.'15, 9,468.
40,608,435
Total valuation 1917
Bridge Loan (Int. in Boston).
430'12 J-D $6,000__Dec 1 '18-'19 Total tax (per $1,000) 1917--$21.00
Highway Bonds (int. in Boston). Pop'n, 1910, 32,121; 1915, 39.607
4s '12 J-J $25,000....July 1 '18-'22
INTEREST payable at First Nat.
School (Int. in Boston).
Bank and Old Colony Trust Co. Bos4s '09 J-J $ 10,000c_July 1 '18-'27 ton; also at City Treasurer's office.
Grammar-School (Int. in Boston).
330'00 J-J 434,800__July 1 '18-'20
TOTAL DEBT Apr 11 '18- $45,800 PLYMOUTH.
Assess. val. real
3,862.196
This town is in Plymouth County.
Assess. val: personal
2,029.741 Inc. 1620. Population 1915, 12,926
Total val. 1917
5,891,937 4s '16 -- 1532,400
1918-1921
Tax rate (per $1,000) 1917_ --$18.60
1 22,500
1922-1926
Water Loans.
$i,600
_Aug
1 '18-'19
F-A
'94
48
PEABODY.
A-0 3,000.-Oct 2 '18-'19
This city is in Essex Co. Inc. In 4s '99 M-N
3,000 __May 1 '19-'21
1855. Town property valued at $1.- 330'01
10,733.22.July 1'18-'33
J-J
823,232. Population 1915, 18,625. 33(8'03
48 '08 F-A 14,000 __Feb 15'19-'32
School Loans.
M-N 4,800_Nov 15 '18-'25
330'02 F-A $20,000o Aug 15 '18-'21 330'05
15,000__July 1 '18-'32
4s '11 M-S 20,000c_Sept 1 '18-'27 4s '07 J-J
3,000.._June 1 '19-'21
J-D
4s '13 M-S 30,000c ___ A918-1927 330'09
Loan.
Engine-House
Bonds.
Water
Sept 1 '18-'23
'05
45
M-S
56.000..
48 '03 F-A $79.000o_Aug 1 '18-'33 4s'16 M-N 7,800-May
15 '19-'21
4s '04 J-D 12,000c_June 1 '19-'24
Sewer
Loans.
15'18-'35
70,000o_Aug
330'05 F-A
4,000c_June 1 '19-'20 3 ns'03 J-J $13,000 ..July 1 '18-'30
4s '10 J-D
Street Loans.
430'14 A-0 17,000c_Oct 1 '18-'34
4s '16 M-N$17,000-May 15 '19-'26
48 16 F-A 36,000c........1918-1930 4s
'16 J-J 14,400-July 1 '18-'21
Pavement Bonds.
Loans.
4s '16 F-A $9.000c_Aug 1 '18-'26 4s School
J-J
59,800--July 1 '18-'24
'04
Electric-Light Bonds.
2,900c_ _June 1 1919
3;0'09 J-D
0'92 J-D $40,000c__June 1 1922 4s
'13 A-0 6,000-Oct 1 '18-'23
330'09 F-A 36,000c..Aug 1 '18-'35
1 '19-'24
21,000__June
J-D
'14
4s
430'17 F-A 40,000c ---1918-1027 43 '16 34 41.400-July 1
'18-'26
Street Se Sewer Bonds.
Jan
1'18-- $242,476
1926 TOT. DEBT
48 '16 M-N$24,000c
Water debt (Inci)
58,067
Sewer Bonds
4s '06 J-J $92,150c.July 16'18-'36 Assess. vaL real estate.--11.534,125
3,011,800
4s '06 M-N 95.000cNov 15 '18-'36 Assess. val. personal
48 '07 A-0 45.000c_Oct 1 '18-'32 Total assess. val. 1917.-14,545,925
TOTAL DEBT May 1 '18 $670,000 Tax rate (per $1.000) 1916-418.40
Water debt (outside limit) 242,000
Sewer debt (outside limit) 245,000
Electric light loan (outPLYMOUTH COUNTY.
78,000
side limit)
County seat is Plymouth.
Debt within limit May 1'17 114,000
.
Court-House and House of Col.
32,059
Sink.fund (outside limit)..
rection Notes.
_ $25,000_ _Nov 1 '18-'22
Borrow.capac. May 1'17. 267,984 4348
11,624,100 3.808
30,000__Nov 1 '18-'23
Assess. val. real
8,708,920 45
Assess. val. personal
__- 20,000__May 1 '19-'22
Total valuation 1917---20,333,020
Bridge Notes.
$11,000_Dec 1 '18-'28
Total tax (per $1,000) 1917..--$15.00 48
INTEREST on the sewer 4s of 1906 430'17 M-S 30,000 ..Sept 1 '18-'22
Hospital Notes.
is payable at the First National Bank,
Boston; on the pavement bonds and 430'17 M-S $75,000..__ Sept 1 1919
Se Equip. Notes.
the sewer 48 of 1907 at Old Colony 45 Court-House
--- $8,000_ _Nov 1 '18-'25
Tr. Co.. Boston.
PERM. DEBT Jan 1 '17.. 5164.487
126,197,158
Assess. val. real
PEPPERELL.
24,083,239
Assess. val. porsonal_ _
This town Is in Middlesex County, Total
150,280,397
val.
1917
Water Bonds
157,303
4s '08 M-N $82,000c_May 1 '19-'38 Population in 1915
BOND.DEBT May 1917_4106,000
Assess. val. real
1,751.085 PROXIINOETOWN.
682,235
Assess. val. personal
This town is in Barnstable Co.
2.433.320 BOND. DEBT Jan 1 1918 $74,700
Total val. 1917
(Assessment at fair cash value)
Assess. val. real
2,018,839
Total tax (per $1,000) 1916-422.90 Assess. val. personal
(143,797
Population 1910, 2,593; 1915, 2,839 Total val. 1917
2,662,636
INT. at Harris. Forbes & Co.. Tax rate (per $1,000) 1917-_$23.00
4,295
Population in 1910
Inc.. Boston.
INT.at old Colony Tr. Co.. Bost.
PITTSFIELD.
Pittsfield is in Berkshire County. QUINCY.
Incorp, as a town 1761; as a city
This city is in Norfolk County,
1891. The sewer, water, play- Incorporated May 17 1888.
ground, paving and $77,000 of school
Municipal Debt-3348.488G 4348.
debt, included below • is outside of
DueDuethe debt limit.
$35,000
1917-.4107.000 1921
83,750 1922
20,000
1918..
Municipal Yard Bonds.
10,000
4s '16 M-S $24,000-Sept 1 '18-'29 1919_-_- 61,500 1923
47,500 1924
10,000
Paving Bonds
Funding Bonds.
33ig'04tM-N $20.000r_Nov 1 '18-'21
1918-1921 48 '12 M-S $75,000c Sept 3'18-'22
430'14 M-N 28,000

JUNE,1918.]

MASSACHUSETTS-CITIES AND TOWNS.

READING.
QUINCY (Concluded).
This town is in Middlesex County,
Street Loans.
1644. Population '15. 6,805.
--- 125.700 -----1918-1925 Inc.
-8
1918-1933
48 '10 A-0 6,000o..-Oct 1 '18-'20 450'17 ___ $16,000
1918-1937
5,100__June 1 '19-'21 43is'17 -__ 40,000
43 '11
Bonds.
Electric-Light
'18-'21
1
18,500..-July
48 '11 J-J
1918-1936
48 '12__J-J 16,000c_Jan 1 '19-'22 4s&430 ___ $161.900
450'13 J-D 30.000c_June 1 '19-'48 450'17 --- 154,000_0ct 1 '18-'35__
1 1,000____Oct 1 1936
1,000c___July 1 1918
4s '15 J-J
Water Bonds.
9,000c_Aug 1 '18-'20
4s '15 F-A
J-D $59,0000.June 1 '23-'30
43 '16 J4 24,000c_July 1 '18-'21 4s
J-D 56,000 __June 1 '19-'22
4s
Street Bonds.
J-D
6,000..........1931-1936
1918-1919 48
4s '17 -__ 52,500
Estate Bonds.
Brown
1918-1919
2,O00
1918-1932
$7,750
1918-1921 4s
4s '17 - 4,000
Sewer Bonds.
1918-1921
450'17 -__ 10,000
1918-1922
--- $5,000
1918-1922 5s
43017 --- 5,000
1923-1947
--- 100,000
1918 4s
450'17 __- 3,000
1918-1937
--- 40,000
1918 430
430'17 --- 1,100
Grading Bonds.
1918-1919
450'17 __. 5,000
__
$2,640
1918-1919
5s
Sewer Loans.
School Bonds.
1917-18 -_$66,000 1931-33 __$58,500
__ $32,000..........1918-1925
1919-20.._ 64,000 1934-37__ 74,000 350
Grouard Loan.
13,000
1938
1921-22.... 62,000
1918-1921
- $4,000
9;500 4s
30,000 1939
1923
Auto Chemical Truck Loan.
29,000 1940-42..- 22,500
1924
$1,500
450
1918
5,000
1943
28,000
1925
Public Library Loan.
3,000
26,000 1944
1926
1918-1921
.,-- $4,000
6,000 4s
1927-28 __ 46,000 1945-47
Fire Department Loan.
22,500 1948-50.... 3,000
1929
1918-1921
$6.000
1930
Richardson Estate Loan.
45 '11 A-0 $16,000c_Apr 1 '19-'26 5s1918-1927
48
$5,000
--,
'19-'42
1
25,000c_Mch
0'12 M-S ,
School Loan.
4318'13 M-SX 10,000c_Mar 1 '19-'23
1918-1931
--- $14,000
20,000c_Mar 1 '24-'43 4s
Cemetery and Library Loans.
4s '14 M- .12,000c_May 1 '19-'24
_- $4,800 _ 1918-1921
5.000c_May 1 '25-'29
TOTAL DEBT Dec 31'17- $538,590
4s '15 A-0 J 6,000c_Apr 1 '19-'20 4873,500
10.0000_Apr 1 '21-'25 Temporary loans
valuation, real
6,835,175
4s '16 A-0 21,000c_Apr 1 '19-'21 Assessed
882,621
yarn,
personal..
Assessed
Sewer Bonds.
7,717,796
1918-1922 Total valuation 1917
_ $35,000
4s '17
Total tax (per $1,000) 1916_420.60
School--Bonds.
'18-'19
1
Bank.
Boston.
/NT. at First Nat.
4s '09 J-D $4,000c_Dec
4s '11 J4 36.000c_Jan 1 '19-'21
4s '12 F-A 40,000c_Aug 1 '18-'22
REVERE.
4s '15 J-D 176,000c_Dcc 1 '18-25
This city is in Suffolk County.
4s '16 M-N 24.000c_May 1 '19-'26
1918-1920 Inc. as town 1871; as a city 1915.
3,375
4s '16 ___
1918-1920 Population 1915, 25.178.
6,500
4s '17 ___
School Loan Notes.
1918-1920
6,500
___
4s '17
J-D $2,500 __Dec 2 '18-'22
4s
Playground Bonds.
M-N 3.650_May 15 '19-'23
S12,000 _Oct 1 '18-'23 4s
M-N 10,500 May 1 '19-'24
48
1910
Miscell."
'Consolidated
A-0 3,500 __Oct 1 '18-'24
__ Varlous 48
450'10 J-J $56,825c
A-0 56,250 __Apr 1 '19-'27
48
Sea Wall Bonds.
M-S
11,000_Sept 15 '18-'28
48
1918
1
48 '15 J-J $1,000c. __July
J-D 12,000-_June 1 '19-'30
1918-1922 48
430'17 -- 5,500
32,500__Apr 1'19-'31
48
Bridge Bonds.
32,500__Dec 15'18-'30
48 '12 A-0 $10,000c_Oct 1 '18-'22 48
500__ _ _Juno 1 1919
4s
Water Loans.
75,000__June 1 '19-'33
4s
$18,000
1928
$64,500
1917
fr-A
1,500
12,000 4s
1918-19..127,000 1929
Sewer Loan.
11,000
56,500 1930
1920
$16,400_May 15 '19-'26
8,000
51,500 1931
1921
7,000 4s'17 ___ 100,000c_Mar 1 '23-'47
1922-23_.. 97,000 1932
Sewer and Drainage Notes.
5,000
25,500 1933
1924
1918
24,500 1934-37__12,000 430'17 --- 133,000
1925
122,000
1919-1929
4,000
23,000 1938-39
1926
Police Station.
1.000
22,000 1940
1927
4s '10 A-0 $6,000c_Oct 1 '18-'20 4s WaterA-0 $11,000_Apr 15 '19-'29
Bonds.
48 '11 M-S 30,000c_1!ch 1 '19-'28 56s'05 A-0$204,000c-Apr
1 '19-'35
48 '11 A-0 4,000c_Oct 1 '18-'21 3
1918-1928
8,000c_Deo 1 '18-'21 431,9'13 J-D 11,000
48 '11 J-D
Funding Bonds.
45 '12 M-S 38,880c_Mch 1 '19-'42
M-N$53.000_Mar 20 '19-'25
48 '12 F-A 10,000c_Aug 1 '18-'27 4s Permanent
Improvement Loans.
43(8'13 M-S 27,000c_Mar 1 '19-'27
'13
153,800___Jan 1 '19-'20
4s '13 A-0 12,000__Apr 1 '19-'24 4s Fire
Department
Loan.
1919
1
__Apr
5,000c_
A-0
48 '14
4s '15 M-N 6,000c_May 1 '19-'20 48 '12 M-S $11,400_Mch 15 '19-'22
9,000__Jan 1 '19-'27
4s '16 M-S 5,000c_Mar 1 '19-'19 4s '13 --Municipal Loan.
8,000c_July 1 '18-'21
4s '16 J4
4s '12 M-N 39,200_May 15 '19-'22
Channel Improvement.
ay 1 '19-'21
4311,250__M
1918-1921
$8,000
-_'16
48
Street Bonds.
Water Bonds.
1918-1922 430'17 M-S $70,000.. Sept 1 '18-'27
4s '17 --- $15,000
Refunding Bonds.
Building Bonds.
1918-1920 330'02 M-S $40.000r__ Marl'19-22
4s '17 --- $5,000
1918-1920 TOT. DEBT Jan 1 '18_31,013,590
450'17 --- 3,000
Debt outside limit
520,500
Fire Dept. Bonds.
1918-1919 Debt inside limit
493,090
___ $6,000
43s
Borrowing
capacity
102,170
Bonds.
Drainage
1918-1021 Notes duo in 1918
260,000
,
4343'17 --- $6,500
Assessed valuation, real.._22,758,200
Purchase Bonds.
1918 Assessed val'n, personal
1,515,850
$959
450'17 __Tot. ass'd valuation 1917_24,274,050
Summary of Debt Aug. 11 1916. Total tax (per $1,000)
1917
--$24.00
$709,425
NET DEBT
16,000 INT.at Fourth Nat.Bank,Boston.
Park debt (exempt)
627.500
Sewer (exempt)
593,500 ROCKLAND.
Water debt (exempt)
105,000
Refunding (exempt)
Town in Plymouth Co. Inc. 1874.
49,200
Street (exempt)
Water-Works.
TOTAL DEBT incl. debts
48 '10 J-J $11.000r_July 1 '18-'28
auth. but not incurred.._$2,100,625 45 '14 M-N 1,000__ _Nov 1 1018.
292,091
Borrowing capacity
MacadamRoad Bonds.
Assessed valuation, real_ _43,251.075 4s '15 J-D $9,000...June 1 '19-'20
Assessed val'n, personal_.. 6,528,200
Refunding Loans.
_
Total valuation 1917..-49.770,275
48 '12 F-A $17.500r_Aug 1 '18-'22
Tax rate (per $1,000) 1916-417.20
School Loans.
Pop'n 1910, 32,642; 1915. 40,674 48 '09 J-J $33,000r,. Jan 1 '19-'29
6.000r_July 1 '18-'23
INT.at Eliot Nat. Bank and Nat. 48 '11 J4
BOND. DEBT Apr 5 '18.. $77,500
Shawmut Bank. Boston.
Water debt (included) -12.000
Assessed valuation, real.._ _4,316,448
RANDOLPH.
Assessed val'n,
- 912,659
This town is In Norfolk Co. Inc Total valuation personal
1917_ _ _ _5,229,107
Mch. 9 1793. Pop. 1915, 4,734.
Tax rate (per $1,000)- 1-917-422.60
Water-Works.
J-J $25,000c-July 1 1922 Pop'n 1915, 7,074; 1918 (est.), 7,300
4s
INT. on water bonds duo 1917-28
10,0000-July 1 1926
J-J
48
and school and refunding bonds at
Water Notes.
500_-_ _May 4 1919 Second Nat. Bank, Boston; other in2,000_July 15 '18-19 terest at office of State Treasurer.
___
_s
1.400_Jan 23 '19-'21
3,000_-_ _Nov 5 1923 ROCKPORT.
___
1,000__-Dec 16 1918
_s
This town is in Essex County.
_s400--Aug 17 1918
Inc. Feb. 27 1840. Pop. 15.4,351.
Fire-T-ilick Notes.
Water Bonds.
1918-1921
--- $4,400
-s
J4 $8,000o_July 1 '18-'25
45
Refunding Notes.
30,000c_May 1 '19-'24
4s
4.18'07 M N$19,000c&rMay 1'19-'37 3368'02 M-N
M-N 7,500c_Nov 1 '18-'32
Stetson-Hall Notes.
J-J
6,500c_July 1 '18-'30
'10
48
1918-1921
--- $4,000
Es
5,000c_July 1 '18-'22
4s '14 J4
School Notes.
7.000c-May 1 '19-'25
___ $15,000
1918-1927 45 '15 M-N
43is
Bonds.
School
Water bonds May 1918....- $35,000
M-S $7,000c_Sept '18-'24
8,400 45 '05 J-J
Water notes
1 '22-'25
74,286 4s '07 DEBT 4,0000_Jan
Sinking fund (water)
May 1 '18. $75,000
54,800 BOND.
Other debt (notes)
64,000
Water debt (incl.)
Assessed valuation, real.._.2.440.100 A.ssessed
valuation, real__ _3,731,480
362,150
Assessed val'n, personal
yarn, personal
453,620
Total valuation 1917_ _2,802,250 Assessed
assessable property_
20,540
Tax rate (per $1,000) 1916_423.80 Other
valuation 1917___ _4,185.640
Val.of town prop. Nov 19174403.550 Total
INT. payable at National Shaw- Tax rate (per $1,000) 1916-$18.00
INT. at Na.t. Shawmut Bk..Bost.
mut Bank, Boston.




37

Water Bonds.
SALEM.
This city is in Essex County. 43 '96 ___ $9,000___Oct 1 '18-'26
Inc. Mar. 23 1836. New charter 48 '98 _-- 6,000__Apr 1 '19-'24
providing for Mayor and Council 45 '04 __- 5,000.._..Apr 1 '25-'29
adopted Nov. 1915, instead of com- 4s '05 ___ 7,000___Apr 1 '19226
16.000___Aug 1 '18-'33
mission government. Pop'n 1915, 450'13
37,200. City partially destroyed by BOND. DEBT Dec 31 '17 52,050
2,977,674
fire Juno 1914. See V. 98, p. 2006. Assessed val., real
Assessed val., personal_ _ _ _ 424,380
Bridge Bonds.
356s'09 J-J $4,000 __Jan 1 1919 Total valuation 1917____ _ _3,402,054
4,000c_July 1 '18-'19 Tax rate (per $1,000) 1915-$17.50
4s '10 34
2,468
Bridge Bonds (Outside Limit). Population in 1915
1 '18-'45
70,000c_Nov
4s '15 M-N
Municipal Loan.
SHELBURNE FALLS FIRE DIST.
434314 F-A$148,000c_Aug 1 '18-54
This district is in Franklin County.
4s '14 M-8 185,000c_Sept 1 '18-'54 45 '11 M-N$69.000c_ _ _ _1918-1940
4s '15 J-J 185,000c_Jan 1 '19255 4343'13
12,500__Mar 1 '19-'43
4s '16 M-N 114,000c_May 1 '19-'56 BOND.DEBT Apr 1918- $81,500
43 '16 M-N 90,000c_May 1 '19-'36 Assess. valuation 1917_ _ - _1,796,115
$3.10
Trust Fund Bonds.
Tax rate (Jer $1,000 1917
48 '03 J4 $30,000c_July 1 '18-'23
INT. at First Nat. Bank, Boston.
School Bonds.
4s '10 J-J $7,500c_July 1 '18-'20
6,000c_Mch 1 '19-'21 SOMERVILLE.
4s '12 M-S
This city is in Middlesex County
4s '15 F-A 126,000c_Aug 1 '18-'35
48 '17 J-D 150,000.. June 1 '18-'37 and was incorporated in 1872.
Highway Bonds.
Water Bonds(outside limit).
48 '90 J-D $16,000c_June 1 '19-'20 4s '14 A-0 353.000e_Apr 1 '19-'24
4s '07 A-0 2,000 ___Oct '18-'19 48 '15 A-0 51.000c&r Apr 1 '19-25
4s '15 A-0 162,000c_Apr 1 '19-'45 350'16 J4 88.000Jan 1 '19-'26
4s '15 F-A 56,000c_Aug 1 '18-45 4s '16 J-J 22,000c July 1 '18-'26
48 '15 F-A 19.000_.Aug 1 '18-'55 45 '17 A-0 108,000__Apr 1 '19-'27
48 '15 M-N112,000c_Nov 1 '18-'45 430'17 J4 10.000c_July 1 '18-'22
City Bonds.
49 '16 A-0 154,000c_Apr 1 '19-'36
120,000c_Apr 1 '37-'46 350'02 J-J $14,000c_July 1 '18-'22
5,000c...July 1 1918
48 '98 34
Water-Pipe Bonds.
5,000c_July 1 '18219
434317 F-A $45,000c_Aug 1 '18-'22 48 '99 J-J
12,000c_July 1 '18-'20
330'00 J-J
Pipe-Renewing Bonds.
16,000c_July 1 '18-'20
48 '13 F-A $7,500__Feb 1 '19-'23 350'01 J-J
24,000c_July 1 '18-'23
48 '14 M-S 3,000_ __Mar 1 1919 45 '03 J-J
J&J 1919 4s '03 A-0 12,000c_Oct 1 '18-'23
4s '14 J-J
3,000
4s '16 F-A 32,000c_Aug 1 '18-'21 48 '04 3-3 17,500c_July 1'18-'24
330'05 A-0 21,000r_Apr 1 '19-'25
Underground Wire Loan.
4,000r._July 1 '19-'21
4s '13 A-0 $7,500____Apr '19-23 48 '06 J4
4s '14 M-N 8,500.._May 1 '19-'24 4s '07 A-0 25,000c__Apr 1 '19-'27
4s '08 A-0 10,000c _-Apr 1 '19-'28
High-School Bonds.
430'07 A-0 $45,000c_Apr 1 '19-27 3566'09 A-0 21,000c_Apr 1 '19-'29
48 '06 J-J 135,000 _ -July 1 '18-'26 48 '10 A-0 50,000c_Apr 1 '19-'30
4s '11 A-0 70,000c_Apr 1 '19-'31
Street and Sewer Bonds
48 '15 F-A $16,000c_Aug 1 '18-'25 4s '12 J-J 56,000c__Jan 1 '19-'32
Sewer Loans.
4s '12 J-J 115,000c_July 1 '18-'32
4s '95 A-0 $4,0000_Apr 1 '19-'20 43is'13 A-0 50.000c_Apr 1 '19-'23
4s '09 J-D 14,800c_Dec 1 '18-'23
Public Building Bonds.
48 '11 M-N 3,000r_May 1 '19-'21 4s '15 J-J $84,000c&r Jan 1 '19-35
48 '11 M-N 7,500__Nov 1 '18-'21 48 '15 J-J 24.000c&rJuly 1 '18-34
48 '12 M-N 1,000May 1 1919 4s '16 A-0 78.000c&r.Apr 1'19-'34
9,000c_July 1 '18-'26
4s '15 M-N 17,000__May 1 '19-35 4s '16 J-J
4s '16 J-D
3,000_June 1 '19-'21 4s '16 J4 20,000c_July 1 '18-21
Sewerage Bonds (outsidelimit). 4343'17 J-J 90,000c_July 1 '18-'37
3368'03 M-S $45,000 __Mch '19-33
Municipal Loan. s
350'04 M-S135,000c&r.Sept 1'18-'44 450'13 J-3 $47000c_July 1 '18-'23
4s '06 F-A 69,500__Feb 1 '19-'46
Lowell St. Bridge Bonds.
48 '06 F-A
4,000 __Feb 1 '19-'26 350'09 A-0 $31.000c&rApr 1 '19-'49
48 '06 M-S 45.000 --Mch 1 '19-'36
Sewer Bonds (outside limit).
Tref n'g-Sc h 13th,(outside limit) 4s '95 34 $24,000 __July 1 '18-'25
4s '12 J-D $57.000 Juno 1 '19-'37
Sewer Bonds (inside limit).
Police-Station Bonds
45 '97 34 $5.000c_July 1 '18-'22
48 '12 2,1-S640,000c_ Aich 1 '19-'22 48 '98 34
6,000c_July 1 '18-'23
14.000c_July 1 '18-'31
48 '13 J-D 2,000
Dec 1 '18-'19 350'01 J-J
330'02 34 10,000c&rJuly 1'18-'27
Revenue Bonds (Outside limit).
48 '15-M-N $7,000___May 1 '19-'25 4s 03 3-3 11,000c&rJuly1'18228
12.000c_July 1 '18-'29
4s '04 J-J
Electric Equipment Bonds.
4s '13 A-0 $10.000_ _Oct 1 '18-'22 334s05 A-0 17,000r_Apr 1 '19-'35
9,000c_July 1 '18-'26
4s '06 J-J
Surface Drainage Bonds.
48 '13 F-A $5,000_ _Feb 1 '19-'23 4s '07 A-0 38,000r --Apr 1 '19-'37
4s '14 A-0 2.000____Apr I 1919 48 '08 A-0 20,000c__Apr 1 '19-'38
350'09 A-0 21,000c&rApr 1'19-'39
Fire Bonds.
4s '14 J-J $12,000__July 1 '18-'19 48 '10 A-0 22,000c&rApr 1 '19-'40
F-A 14,100__Aug 1 '18-'32 45 '11 A-0 13.000c&rApr 1'19-'31
4s
9,0000 _Jan 1 '19-'27
48 '12 .34
Public Park Bonds.
48 '07 J-J $9,000 __July 1 '18-'26 4318'13 A-0 25,000c&rApr I'19-'43
TOT.BD.DT. Apr 1917.42,408,500 48 '14 A-0 16,000c_Apr 1 '19-'34
Less debts outside limit.... 1,737,500 350'16 J4 14,000c_Jan 1 '19-'25
339.000 4s 17 A-0 4,000_ _Apr 1 '19-'22
Borrowing capacity
Water Bonds (Outside Limit).
Assessed valuation, real 34,334,300
personal
Assessed val.,
6,916,965 48 '89 A-0 $4,000r_Oct 1 '18-'19
1,000c___July 1 1918
Total valuation 1917_
41,251,265 43 '88 J-J
Tax rate (per $1,000) 1916-.....$22.90 4s '90 A-0 6.000cOct 1 '18-'20
Park Bonds (outside limit).
INT. at Merchants'Nat.Bk.Boston
334502 J-J $12,000c&rJuly 1'18-'29
or City Treasurer's office.
Emergency Bonds.
431s'17 J-J $25,000c_July 1 '18-'22
SAUGUS.
This town is in Essex County. TOT. DEBT Apr 10 '18.._$1,590.500
47,000
Less debts outside limit__
Population 1915, 10,226.
Total borrowing capacity_ 409,121
Water Loan.
_Dec 1 1918 Assessed valuation, real__71,165,900
45
--- $7,000_..Dec
6,500...._ _Dec 1 1919 Assessed val'n, personal.._ 7,769.472
4s'03-04___
78,935,372
45 '15
3,700 May 1 '19-'25 Total valuation 1917
3,000._ __Dec 1.1920 Tax rate (per $1,000) 1917_ -422.00
356s'09 _ _
___ 22.000_July 10 '17-'38 Population 1910.77,236; 1915-86,854
4s '10
1,500____ Apr 1 1919
4s '12 __
INT. on coupon bonds payable at
1,250__May 1 1920 National Security Bank, Boston.
43 '13
4343'13
4,500__Aug 1 '20-'22
Coupon bonds may be changed for
..... 24.000_ _May 1 '19-'42 registered bonds if application Is
450
.
436s'14
5,000„Afay 1 '19-'28 made prior to one year of maturity
4s 16 M-N 9,000__May 1 '19-'36 of bonds.
School-House Loan.
In place of an accumulating sinking
_
350
$5,000 _ _May 1919 fund, the city raises each year by tax_
53,000 __Aug 1 '18-'35 ation a sum of money which is applied
48 '05
_
4s '10
17,100 __May 1 '19-'35 to the redemption of bonds, which
4s '10 .. ..2,000 __July 1 '18-'19 when paid are canceled.
4s '16 M-N 68,000__May 1 '19-'36
TOT.BD. DT. Dec 31 '16_ $272,000 SOUTHBRIDGE.
Water bonds (included)_.. 107.000
This town is in Worcester County.
Temporary loans (add'i)__
60,000
Sewer Bonds.
Sinking fund and cash____
12.394
1930
___ $20,000
Assessed valuation, real......6.848.366 ___ '99
1929
'00 -__ 30,000
Assessed valuation, pers'I__ 599,642
Bonds.
Total valuation 1917
7,448.008 • School
'16 _-- $71,250
Total tax (per $1,000) 1916_324.30 TOT.
FD. DT.Dec 31 '17 $230,550
109,300
Note debt
SCITUATE.
121,250
(outside
Debt
This town is in Plymouth County. Sinking fund limit)
31,704
School Bonds.
6,056,405
val., real
43
$10,000__Nov 9 '19-'20 Assessed
val.,
-2,483,337
Assessed
personal__
Road Bonds.
8,539.742
valuation 1917
48
$5,000........Nov 9 1921 Total
rate (per $1.000) 1917--_326.00
48
--- 5,000----Nov 9 1924 Tax
14.217
1915
in
Population
Various Bonds.
43- $10.000_ _Nov 9 '22-'23
SOUTH
HADLEY.
High-School Bonds.
ThLs town is in Hampshire County.
___ $23,750_ _July 6 '18-'36
48
Town Debt Bonds.
___ 13,000_ _Afar 1 '19-'31
4s
4s '08 ___ $4,500_July 15 1918
Public Landing Bonds.
Highway Bonds.
$9,800_Alar 4 '19-'25
..$88,950 45 '09 -__ $2,000__Aug 1 '18-'19
Funded -debt Dec 31
1,500_Dec 11 '18-'19
'17„-5,066,975 4s'09 .....
Assess. val. real estate__
Street Improvement Bonds.
660,455
Assess. val. personal
Total assess. val. 1917........ 5,727.430 4s '12 --- $3,000__Sept 1 '18-'20
Building Bonds.
Tax rate (per $1,000) 1916-.318.50
2,661 4s '13 --_ $56,000..Oct 1 '18-'33
Population in 1915
4s'14 ......
4,000--June 1 '19-'26
Sewer Bonds.
SHARON.
434313 --- $5,000_ _Nov 1 '18-'22
A town in Norfolk County.
Municipal Light Bonds.
School Bonds.
$34.000-Jan 1 '19-'35
4s '10 -__ $6,000-JulY 1 '18-'20 45

38

• MASSACHUSETTS-CITIES AND TOWNS.

SOUTH HADLEY (Concluded)-

Water Bonds.
3s M-N 55,000c_May 1 '19-'29
48
M-N 10.000c-May 1 '30-'31
17.000c_June 1 '19-'35
Police & Fire Station Bonds.
4s
1920-1925
--- 518.000
1926-1935'
20,000
BOND. DEBT June 1914_ $206,000
Notes outstanding
25,000
Assessed valuation, reaL __5,700,250
Assessed val'n, personal..__ 660,090
30. HADLEY FIRE D. NO. 2. Total
valuation 1917
6,360,340
This district is in Hampshire Co.
Total tax (per 51,000) 1916_ -.524.20
Water Bonds.
INT. at First,Nat. Bank, Boston.
4a11 J-J 546,000___Jan 2 '19-'41
413 '12 J-J
6,000c
BOND.DEBT Apr 1, 1916_ $60,000 STOUGHTON.
This town is in Norfolk County.
Asses. val.'15 (abt. act.).._ 832,899
District tax (per 51.000) 1915-44.30 Incorporated Dec. 22 1726.
$4,000
INT. at Old Colony Tr. Co., Boston. Highway loan
Water Loan.
48
A-0445.0000-Part yearly
SPENCER.
4.1
J-D 260,000c_ _Part yearly
This town is in Worcester County. 4.8
J-J a7,000c_ ...Part yearly
Town has no bonded debt.
§Refunding Bonds.
Floating debt March 1917.. $36,200 4 Hs
J-J $30.000c. _-Part yearly
Assessed valuation, real__-2,825,275 BOND & NOTE DEBT
Assessed val'n, personal.._.. 660,815
Apr 5 1918
$170,000
Total valuation 19173,486,090 Floating debt
22,145
Pop'n 1915, 5,994; 1916 (est.), 6,000 Assessed val., real
3,962,393
Assessed val., personal._
969,350
SPRINGFIELD.
Total valuation 1917
4,931,743
This city is in Hampden County. Total tax rate (per $1,00)'17424.40
Inc. a city May 25 1852. Pop'n '15, Pop'n 1915,6,982; 1917 (eat.),...7,200
102.971.
INT. on bonds marked (z) at the
School and Fire Loan.
Old Colony Tr, Co., Bost.;(a) at Ex430'14M-N $91,000_Nov 1 '18-'24 rhan e Tr. Co.; (§) at Int. Tr Co.
120,000_Nov 1 '25-'34
Street-Ext. and Rifle Range.
SWAMPSCOTT.
4.11g '08 A-0 $5,000_ _ _Oct 1 1918
This town is in Essex Co. Incorp.
a City-Hall Loan.
May 211852. Pop'n 1915. 7,345.
4s g '07 J-J $85,000r_July 1 '18-'27
Sewer Notes.
($9,000 even years, 58,000 odd years) 4s '16 -__ $21,000
1918-1938
Fire & Police Bldg. Bonds.
4s '16 -__
1918-1931
6.750
4$ g '10 A-0 5221.000r_Oct 1 '18-'30 430'17 ___ 11,500c_June 1 '19'41
River-Front Loan.
Sidewalk Notes.
4s g '08 A-0 $2,000_ _ _ _Oct 1 1918 4s '16 -_- 511.600
1918-1921
Locust StlExtension.
Water Notes.
g '11 A-0 58,000r -Oct 1 '18-21 4s '16 ......
1918-1927
5.000
Fulton Street Bonds.
43,0'17 ___ $4,250„June 1 '19-'41
450'14 M-NS340.000_Nov 1 '18-'34
Street-Improvement Notes.
Municipal Building Bonds.
43s'14- $14.000-Oct 1 '18-'24
3Hg'09 M-N $480.000_Nov 1 '18-'49
Miscellaneous Loan Bonds.
4/3 g '10 M-N 330,000_Nov 1 '18-'50
$3,000c ___ _1918-1919
t
4s g '12 M-N 455,000_Nov 1 '18-'52 430'13 J-J
__u
_Jiyuly
1.
121
.
1920
3
3
1:0
40
00
0c
ej
4s '14 M-N 185,000_Nov 1 '18-'54
Municipal Loan Bonds.
Public Par & Town Hall Bonds
4308'13 M-N 6,000r__ _Nov 1 1918 430'13 J-J $8.000c_July 1 '18-33
25.000r,
,Nov 1'19-'23
Fire Bonds.
0* Land and Buildings Loan.
430'13 J-J 1$4,000c_July 1 '18-'21
4308'17M-Na300,000c_Nov 1 '18-37
• I 500c___July 1 1922
School Bonds.
Humphrey St. [mut. Bonds.
3308'98J4
4,300r _ __July 1 1918 4s '14 J-D $42.500c ___ _1918-1934
3308'98J4
4,500r_ _ _July 1 1918
Sewer Bonds.
334g'00 J-D 20,000r_ __Dec 1 1919 330
M-S5119,300 Sept 1 '18-42
3s g '00 J-Da125,000 __June 1 1920 48
M-S 16.000...Sept 1 '18-'25
334g'01 M-S 125,000r_ __Sept 1 1921 45 '11 ___
3.000
1918-1920
33ig'02 A-0 55,000r_ __Oct 1 1922 430'13 J-J
5,500c_July 1 '18-28
3348'03 M-S a40.000c&rSept 1 1923 43is'17 M-N 8,500
1918-1934
3 Hg'05-'06J4 396.000r_Jan 1 1925
Water Bonds.
4s g '06 M-Na207.000r_ --Nov 1 1926 330 g F-A5150,000--Aug 1 1928
4s g '08 A-0 60.500r --Oct 1 '18-'28 3348'09 A-0 63,000c....Apr 1 '19-'39
4$ g '09 A-0 60,000r -.Oct 1 '18-'29 450'13 M-N I 500c___May 1 1919
43'1813 M-N176,000r_Nov 1 '18-'33 434s'17 M-N 6,500
1918-1930
30.000-_Nov 1 '18-'32
Department Equipment Loan.
11 1,500_ __Nov 1 1933 430'17M-N $10,000
4318'13 M-2,
1918-1919
4s g '13 M-N 00,000c_Nov 1 '18-'33
2,000
1920
4343'14M-N 56,000__Nov 1 '18-'24
2,000
1921-1922
70,000_ _Nov 1 '25-'34
Street Loan.
4 g'15 M-N 144,000c_Nov 1 '18-'25 430'17 M-NI$4,000
1918-1921
170,000c_Nov 1 '26-'35
1 500
1922
4s '16 M- 513.000r_Nov 1 '18-'36
School Loans.
a Public Building Loan.
4s 11 ___ $65,625
1917-1931
45 g '11 A-0$224,000r_ _Oct 1 '18-'31 43,
0'15 M-N 115,0000-May 1 '18-'22
Street Ext. Bonds.
126,000c..May 1 '23-'35
48 g '08 A-0 540,000r --Oct 1 '18-19 430'17 ___
1,500c_June 1 '19-'21
4$ g'15 M-N 56,000r_Nov 1 '18-'25
Town Debt Jan. 1 1918.
4 s'17 J-D 800,000_ _Dec 1 '18-'37 Perm. Impt. Notes & Bds....$312,000
Railroad Under-Pass Bonds.
Sewer debt (add'I)
234,600
48 g '13 M-N 1 $84.000Nov 1 '18-'23 Water debt (add'I)
251,500
I 260.000Nov 1 '24-'43 Water sinking fund
89,015
48g '15 M-N180.000c_Nov 1 '18-'35 Assessed val., real
12,141,921
Park Bonds.
Assessed val., personal
1.000,682
g'03 J-D 5125.000r --June 1 1923 Total valuation 1917
13,142.603
Sewer Bonds.
Tax rate (per 51,000) 1916_ -520.00
3s g '00 J-D a$142,000 June 1 1930 Population 1910. 6,204; 1915, 7,345
3348'01 M-S
9.000r_Sept 1918-'26
INT. at 1st Nat. Bank, Boston.
3348'04 F-A 14.000r_Aug 1 '18-'24 TAUNTON. 48 g '08 A-0 27,500r --Oct 1 '18-'28
This city is in Bristol County.
48 g '13 M-N 42,000r_Nov 1 '18-'38 Inc.
May 11 1864. Pop'n '15.36.161.
Water Bonds.
School Bonds.
3Hg'90 A-0$125,000c. __Oct 1 1920 430'13
J-D $75,000-June 1 '19-'33
48 g '93 A-0 150,0000_ __Oct 1 1923 48 '15 J-D
8.000_June 1 '19-'26
4s g '07 J-J a180.000..,,Jan 1 '19-'36 4s '16 J-D 13.000r_June
1 '19-'31
4s g '08 J-J a190,000...Jan 1 '19-'37 430'17
___
56,000
1918-1937
3368'09 J-J a800,000_ --Jan 1 '19-'38 430'16 J-D 190,000_ _ __Dec
'18-'36
330'10 J4 294,000c Jan 1 '19-'39
Bonds (outside debt limit).
431.8'13 M-N210,000__Nov 1 '18-'38 48Sewer
'97
J-D
$83,500c&r.June
1927
48 '16 M-N 95,000__Nov 1 '18-'36 4s '98 J-D 66,500r__J&D 11 1928
a Coupon or registered.
4s '99 J-D 30,000r_ _June 1 1929
INTEREST payable at First Nat. 45
'00 J-D 75,000c&r_rne 1 1930
Bank. Boston and City Treasurer.
J-D 100,000c&r_Dec 1 1930
Tot. water debt Apr 1 1918$2,044,000 330'00
33is'02 J-D 20,000% _June 1 1932
Less sinking fund
172,455 330'03 J-D • 12,000r......June 1 1933
330'05 J-D 13,000r-June
Net water debt
$1,871,545 4s '06 J-D 30,000c&r_June 11 1935
1936
River front debt (exemp4s '07 J-D
3,000r.. __June 1 1937
ted from debt limit).
2,000 3%8'08 J-D 20,000r_ __Deo 1 1938
Municipal group building
s43 '09 J-D 20,000c___Dec 1 1939
(exempt)
1,450,000 4s '10 J-D 15,000r_ _Dec 1 1940
Dwight and Water Street
48 '11 J-D 15.000c_Dec 1 1941
underpasses (exempt)_ _
524.000 4s '12 J-D 15,000___-Dec 1 1942
All other debt
4,538,200 4s '13 J-D 11.000__Dec 1 '18-'28
Lesssink. Ms_
832.140
4s '14 J-D 12.000__Dec 1 '18-'29
4s '15 J-D 18.000r_Dec 1 '18-'35
Net debt excl. of water
'16 ___
14,000
1918-1931
and exempted debt____ 3,706,060 45 City
Bonds.
4a .'99 J-D $45,000r_June 1 1919
Tot. net debt Apr 1 '1847,553,605 330'04
33.500c&r..June 1 1924
Valuation city prop 1917.519,305,390 45 '08. J-D
J-D
_J&D 1 1918
ASSESSED VALUATION.-Real 49 '08 J-D 62,000r_16,000c&r_Dec 1 1928
estate is taken at abt. 90% cash val. 330'09 J-D 25,000c___June 1 1919
Assessed val., real
$171.167,770
12.000r_ _June 1 1919
Assessed val.. personal.. *25,162.850 4s '09 J-D 30,000___ _June 1 1929
Tot, assess. val. 1917_ 196.330.620 4s '10 J-D 25,000c___June 1 1920
Tax rate (per 51,000) I417.80 48 '11 J-D 35,000c&r_June 1 1921
*Reduced by returning
916.-part of Ils '11 J-D 11.000r___June 1 1931
valuation to State.
4s '07 J-D 12,000r.--Dec 1 1927
•
4s '10 J-D 13.183.33r Dec 1 1920
STONEMAN!.
4s '12 J-J
4,000r.. _July 1 1922
This town is in Middlesex County. 4s '12 J-D 39,000c&r_June
1 1922
Inc. 1725. Popula. 1915. 7.489.
430'13 J-D 32.000__June 1 1923
$3,000c_Nov 1 '18-'19 430'13 J-D 91.000__June 1 '19-'33
Sewer Bonds.
430'16 J-D 46,935...,June 1 '19-'28
J D $63,000c_June 1 '19-'30 4s '17 J-D 10,000___June '18-'46
School Bonds.
430'17 J-D 19,000___June '18-'37
s
A-0 2,950 ._Apr 1 1919 430'17 J-D 117,000___June '18-'27
BOND. DEBT May 5 '17- $131,000
Floating debt
35,000
Sinking fund
16,984
Assessed valuation, real_....3,864,702
Assessed val'n, personal_ _ _ 690,906
Total valuation 1917
4.555.608
Tax rate (per $1,000) 1917--_521.40
Population 1910.4,804; 1915. 5.179




Street-Improvement Bonds.
_s
38,000,......June 1 1919
4.9 '15 J-D 10.000_June 1 '19-'20
4s '16 J-J 15,000-June 1 '19-'21
8.000....June 1 '19-26
4s '16 J-D
1918-1927
430'17
16,000
430'17
11,000
1918-1927
430'17 ___
1918-1922
3,000
430'17
1918-1927
22,000
Water Bonds (outside debt limit).
4s '98 J-J $30,000r
1918
43 '91' J-J
4,000r-July 1 1919
4s '00 J-J 40.000c&r..July 1 1930
43
J-J 30,000c&r_ _Jan 1 1920
4s
J-J 506,500c&r July 1 1922
4.5 '92 J-J
10,000r___Jan 1 1922
330'03 J-J
10,000c_ --Jan 1 1923
330'04 J-J
10.000c. _ -Jan 1 1934
330'04 J-J
5,000r.. __July 1 1934
30'05
15,000c&r_Jan 1 1935
330'00 J-J
10,0000_ __Jan 1 1936
4s '08 J-J
20,000r_ __J &J 1 1938
330'09 J-J
7,0000_ __Jan 1 1939
4s
J-J 111,500...._..J-J '19-'43
4s '15 J-J
17,000-Jan -1 '19-'35
4s 15 J-J
8,000___July '18-'25
4s
J-J
13,000___ _Jan '19-'31
Elec. Lt. Bonds (outside debt limit)
45 '97 J-D5125,000c&r_June 1 1927
48 '98 J-D
5,000r..--Dec 1 1928
330'00 J-D
3,000r. __Deo 1 1920
3;0'02 J-D 175,000c&r_June I 1932
4s '07 J-D 45,000c&r_Xne 1 1937
430'13 J-D 42,000r-June 1 '19-'43
Park Bonds.
4s '16
$10,000
1917-1946
Sewer Bonds.
48 '16 ___ $14,000
1918-1931
High School Bonds.
1918-1936
43/s'16 ___ $150,000
Road Bonds.
430'17
1918-1922
345,000
1918-1922
430'17
20,000
Bridge Bonds.
1918-1922
430'17 ___ $6,000
Bonds exempt from limit-52,119,600
Debt within limit
748.018
TOT. BD. DT. May 1918 2,867;618
Water sinking funds
505,427
Elec-light sinking funds.... 162,260
Sewer sinking funds
315,066
Municipal sinking funds.... 252,043
Total sinking funds
1,234,800
Assessed val., real
20,338.850
Assessed val. personal
6,065,690
Total valuation 1917_ -_ -26,454,540
Tax rate (per $1,000) 1917..$22.60
INTEREST on coupon bonds Is
payable at the Webster & Atlas Nat.
Bank of Boston. Registered Interest remitted by City Treasurer.
TIMMY.
This town (P. 0. Vineyard Haven)
Is in Dukes Co. Inc. July 6 1671.
Population 1915. 1.324
School Bonds and Notes.
4s
A-0 $8,400r
1930
F-A
250.... _Feb 2 1919
43s
Water-Works Bonds.
45 '06 M S $72.000c_Sept 1 '18-'36
BOND.DEBT Dec 31 '17.. $80,900
Assessed val., real
1,755,730
Assessed val., personal...._
337,421
Total valuation 1917
2,093.151
Total tax (per 51.000) 1917.-516.00
INT. on water bonds at Martha's
Vineyard Nat. Bk., Vineyard Haven;
on school bonds at Lynn Five-Cent
Savings Bank.
TURNERS' FALLS FIRE DIST.
BOND. DEBT May 22 '16 330.000
Sinking fund
28,053
Assess. val. real estate
3,907,596
Assess. val. personal
957,989
Tot, assess. valuation
4,865,585
Tax rate (per $1,000)
$1.60
UXBRIDGE.
This town is in Worcester County.
Incorporated as a town June 27 1727.
Notes.
4s '17 __ 520.000 -----1918-1927
BOND. DEBT Apr 1
$79,500
Floating delit
22,200
Water debt (included)
64,500
Assess. val. real estate
2,666,795
Assess. val. personal
1,390,508
Tot.assess.val.'17(60%act)4,057,303
Tax rate (per $1.000) 1916-.316.50
Population in 1915
4,929

[VOL. 106.

WALPOLE.
This town is in Norfolk County.
Inc. 1724. Population '15, 5.490.
School Bonds.
430'13 J-J $45.000_ _July 1 '18-'26
4.Water Bonds.
F-A $32.0000_Aug 1 '18-'25
Miscellaneous Loans.
Water eat 4s $5,700r_Oct 11 '18-'22
do
1.800-Aug 6 '18-'20
do
1,000-Aug 15 '18-'19
Surf. drain.
2,500-Aug 15 '18-'20
Water 48
4,000--Sept 20'18-'21
Park 43is
6,000__May 1'19-24
East St. 4s 21,000_Aug 15 '18-'20
HIgh-sch.43is 3.240 ___Mch 27 1922
School 430 J-D 511,000 Dec 1 '18-21
Fire sta'n 48
1,500__J'ne 19'18-19
Main street_ 17.000.._Oct 1 '18-'21
BOND.DEBT Apr 1 '18- $154,440
Water debt (included)
46,200
Assessed val., real
5,047.939
Assessed val., personal
2,137,197
Total valuation 1917
7,185,136
(Assessment at fair cash value.)
Total tax (per 51,000) 1917 --$17.00
INT. payable in Boston-on East
school 43(s at 0.D.Parker & Co.; on
other loans at the First Nat. Bank.
WALTHAM.
This city is In Middlesex County.
Inc. as a town 1738: city June 2 1884
39,205...... Jan 1 1919
16,000__Jan 1 '20-'21
1,000___ _Jan 1 1922
5s '18 J-J
6,500.. ..Jan 1 1923
_ _Jan 1 1924
2,000 Jan 1 '25-26
Building Bonds.
330'02 J-J 522,000c. _..Jan 1 1922
430'07 3-3
5,000c_July 1 '18-'22
4s '15 J-J
2.000r_Jan 1 '19-'20
4s '15 J-J 51,000r__Jan 1 '19-'35
48 '14 ___
2I5____Jan 1 1919
4s '17 J-J f 2,000r_Jan 1 '19-'20
Jan 1921
I 600r
Water Bonds.
43 '98 A-0 $33,000c-Oct 1 1918
330'00 A-0 20,000c_A&O 1 1920
38'05 A-0 8.000c3tr Oct 1 '18-20
45 '06 A-0 18,0000...Oct 1 '18-'26
430'07 J-J
10.000c_July 1 '18-'27
48 '08 J-J
1,000c___July 1 1918
48 '09 J-J
4,000c_ __Jan 1 1919
430'13 J-J
16,000r_July 1 '18-'33
7,000r_ _Jan 1 '19-'21
4s '16 J-J
Fire Apparatus Bonds.
4s '10 J4
$500r_ _ Jan '19-'20
430'13 J-J
6.000.- July 1'18-23
45 '14 ___
Jan 1 1919
95..
'12..
1,000... July 1 1918
4s
Sewer Bonds.
4s '92 J-J *525.0000...July 1 1922
4s '92 J-J *15,000r_Dec 31 1922
4s '93 A-0 •10,0000......Apr 1 1923
48 '93 A-0 •5,0000......Oct 1 1923
48 '93 A-0 •50,000c_ __Apr 1 1921
48 '94 A-0 5,0000_ __Apr 1 1924
7.000o_ __Jan 1 1927
4.3 '97 J-J
4.0000....July 1 '18-19
48 '06 .14
45 '06 J4
5,000r......July 1 1921
430'13 A-0 15,000_Apr 1 '19-'33
4s '14
100_ _Jan 1 1919
5,000r:lan
1 '19-'21
4s '16 J-J
930__Jan 1 '19-'21
5s '18 J-J
Street Bonds.
4s '10 J-J $2,100._ _Jan 1 '19-'20
4s '12 A-0 4.000c_Apr 1 '19-'22
1.000r __July 1 1918
00'13 .1-3
6.000___Jan 1 '19-'24
4s '14 J-J
4s '15 34
2.000r_Jan 1 '19-20
2.000r.._Jan 1 '19-'20
4s '15 J-J
45 '16 J-J
3,000r_Jan 1 '19-'21
4,000r_Jan 1 '19-'21
4s '16 J-J
4s '17 J-5 20,000r__Jan 1 '19-'22
5,775__Jan 1 '19-'23
5s '18 J-J
19,500__Jan 1 '19-23
58 '18 J-J
Department Equipment Bonds.
4s '16 J-J 31,000____Jan 1 1918
Surface Drainage Bonds.
4s'98-99J-J
34,000r___Jan 1 1919
11,000r_ __Jan 1 1922
4s '02 J-J
4,000c. __July 1 1919
330'99 J-J
330'00 J-J
3.0000_ -July 1 1920
3;0'02 J4 10,0000&r_July 1 1922
4s '14 ___
50„.._Jan 1 1919
4s '15 ___
4,000__Jan 1 '19-'22
4s '16 J-J
3,000r__Jan 1 '19-'21
3,000r__ _Jan '19-'21
4s '17 J4
8,350__Jan 1 '19-'26
5s '18 34
Sidewalk Bonds.
45 '15 J-J 52.000r_Jan 1 '19-'20
100 __Jan 1 1919
4s '14
3,000r__Jan 1 '19-'21
4s '16 J-J
2,150_Jan 1 '19-'21
5s '18 J-J
Cemetery Bonds.
$1.400r --Jan 1 '19-'20
4s '10 J-J
School Bonds.
3348.00 J4 5102,0000.. __July 1 1920
330'01 34 31,000c&r Jan 1 1921
330'01 34 38.000e&r July 1 1921
330'02 3-3 15,0000_ __July 1 1922
3;003 34 43,000c&r Jan 1 1923
330'06 J-J
8,000r -Jan 1 '19-'26
4s '12 A-0 14,000__Apr 1 '19-'32
9.000r:July 1 '18-'23
43013 J-J
4s '14 J-J 34,000-_Jan 1 '19-'34
3.000r_Jan 1 '19-'21
4s '15 J-J
340r___Jan 1 1919
4s '14 __ _
4s '17 J-J f 15,000r_ _Jan 1 '19-'24
124,000r_ _Jan 1 '25-'36
55 '18 34
6,000__Jan 1 '19-'24
Public Playgrounds.
33003 J-J*$31,0000_ --Julst 1 1933
4s '14 -__
100 _,.Jan1 1919
Public Park.
4s '93 A-0*$20,000c-Oct 1 1923
4s '12_.._
1.000-July 1 '18-'19
TOTAL DEBT Jan 31 '18 $884,305
Inside limit
611,305
Outside limit (special)- 156,000
Outside limit (water)........ 117,000
Sinking funds
449,816
Water sinking fund (Incl.)
61,303
BorrowIng,capacity
459,062
Assessed valuation, real 24,661,100
Assessed val., personal.... 6,635,215
Total valuation 1917
31,296,315
(Assessment at actual value.)
Tax rate (per 51.000) 1917_ -421.00
Popan 1910, 27,834; 1915, 30,154

WAKEFIELD.
This town is In Middlesex County.
Inc. 1868. Popula'n '15. 12.781.
Sewer Bonds.
330
M-N
1921-1930
330
M-N 560,000c___15,000c_ _Nov 1 '18-'20
330
M-N 100,000 _v 1 '31-'40
M-N 13.000....1923-1935
3343
_s
__6,500
4s '16 __
2,200
Sewer Notes.
430
J-D $1,500
1918
Fire Apparatus Bonds.
-s
1918-1919
- 31,800
Street Bonds.
4s '16 _ _ _ $6,000
1918
45'16_
4.000
1918
Loan.
Gas Atari
_s_ $5,000
School Loans.
M-N $1,000c_ _ _Nov 1 1918
43
A 0 6,000c-Oct 1 '18-'21
33.0
4s '13 M S 12.500c_Mar 1 '19-'23
430
- 25,000__Sept 1 '18-'37
Water
--Meter Notes.
4a '12 A-0 $6.000__Apr 1 '19-'22
430
J-D
1918-1923
9.000
Water-Main Notes.
434s
J-J $4,000
1918-1921
Municipal Light Loan.
48 '94 A-0 $63.000c __Oct 1 '18-'24
Gas & Electric Light Bonds.
334s'09 A-0 $2,500____Apr 1 1919
48
3,000_ _ _May '18-'19
Water Bonds,
4s
A-0 $163.000c_Oct 1 '18-'33
PERM'T DEBT Jan 1 '18 $506.400
Assessed val., real
10,612,138
Assessed val., personal_.._ 2,141,653
Total valuation 1917
12,761.691
Total tax (per 51.000) 1917- -324.40
TNT.loati lcuoanAn bonds is p y blo
INT. at Commonwealth Tr. Co. at the BostonuSafe Deposit &Trust
aa
and Old Colony Trust Co.. Boston.
Co., Boston.

JUNE, 1918.1

MASSACHUSETTS-CITIES AND TOWNS.

39

Surface Drain Loans.
WEST SPRINGFIELD.
This town is in Hampden County. 48 '13 M-N $6,000c_May 1 '19-'20
45 '15 M-S 6,000c_Mar 1 '19-'20
Population 1915, 11.339.
4s '16 M-S 10.000c_Mar 1 '19-'28
School Bonds.
443 '12 F-A 330,000c_Aug 1 '18-'32 4s '17 A-0 5,000c_Apr 1 '19-'23
5,000___Jan 1 '19-'23
48 '15 M-S 102,000c_Mar 1 '19-'35 4s '17 J-J
Sewer Bonds.
$58,800
General Purposes.
48 '94 J-D $50,000c_Dec 1 '18-'22
Refunding Bonds.
45
M-N3100.000-MaY 1 '28-'29 4s '95 J-D 25,000c_Dec 1 '18-'22
48 '96 J-D 20,000c_Dec 1 '23-'24
Water Bonds.
_
125.000....-Apr 1 1929 4s '15 M-S 7,000c_Mar 1 '19-'25
4s g
A-0 25,000-- --Oct 1 1930 4s '16 M-S 3,000c_Mar 1 '19-'21
4s g
7,000c_Mar 1 '19-'25
WATERTOWN.
_ - 165,000_ ....Apr 1 1927 4s '17 M-S
4s
This town is in Middlesex County.
330 g A-0 50,000 _Oct 1 1930 TOTAL DEBT Dec 31 '17 $528,500
94.000
Inc. Sept. 17 1630. Pop.'15,16,515.
26.000
1918-1930 Water debt (included)__48 '05 _
197.500
School-House Loans.
M-N 325.0000_ -Nov 1 1933 Debts outside limit
4s g
234,493
45 '05 M-N $21,000c_May 1 '19-'25
$25,000 Borrowing capacity
Bridge bonds 1907
14,940,100
48 '13 M-N 49,000c_May 1 '19-'33
BOND. DEBT June 1916_$266,000 Assess. val. real
1,835,215
430'14 J-D 9,000c_Dec 1 '18-'26
28,000 Assess. val. personal
Borrowing capacity
16,775,315
5,000__May 1 '19-'23
4s
10,796,307 Total val. 1917
Assessed val., real
H.
WESTBOROUG
45 '15 M-N 61,500c_May 1 '19-35
Assessed val., personal
1,942,007 Tax rate (per $1,000) 1916- --$18.40
Inc.
Co.
in
is
Worcester
This
town
12,738,314
(See V. 100, p. 1619, for maturity) Nov. 1717. Popula. '15, 5,925.
Total valuation 1917
INT. at Old Colony Tr. Co. and
2,000__Dec 1 '18-'19
00'14
Total tax (per $1,000) 1916-$19.40 Nat. Shawmut Bank. Boston.
Dept. Equip. Notes.
Street Loans.
.Bost.
Tr.
Co.
Colony
Old
at
INT.
J$1,700____Nov 1 1918
330'05 M-N $30,000c_May 1 '19-'23 4s
WINTHROP.
1 900Nov 1 1919
4s '07 M-N 25,000c_May 1 '19-'23
This town is in Suffolk Co. Inc.
WEYMOUTH.
Library Notes.
4s '07 M-N 2,000c_ _ _May 1 1919
in 1852. Pop'n 1915, 12,758.
County.
Norfolk
in
This town is
$600- _July 15 1918
2,000c_July 1 '18-'19 4s
-__
430'14 J-J
Municipal Loans.
Incorporated 1635. The town's total 48 '10 A-0 $16,500__Oct 1 '18-'20
1,000c__ July 1 1918
4s '15 J-J
Sewer Bonds.
6.000c_ _Dec 1 '18-'20
4s '16 M-N 54,000c_N-ov 1 '18-'26 48
J-D
1922 assets on Jan. 1 1916 were figured to 48
.
M-N
$31,000r
4s '17 A-0 J 2,000c_....Apr 1 1919 45
1926 be $1,324.396; including water-works 430'13 A-0 J 16,000_ _Apr 15'19-'22
10,000o
$590.425.
at
1 3,000c__Apr 1 '20-'22 330 M-N
valued
property
15 1923
3,873__Apr
1
1
1928
__Nov
M-N 30,000o_
Water Refunding Bonds.
4s '17 A-0 36,000c_ _Apr 1 '19-'27 4s '10 M-N 12,000-May 1 '19-'30
8,000___Oct 1 '18-'19
4s '09 ___
430'14 M-NJ$80,000_Nov 1 '18-'33
Surface Drainage Notes.
Bonds.
School
Water Bonds.
1 3,000___Nov 1 1934 4s '08 M-N $22,000_Nov 15 '18-'28
4s '16 A-0 $12,000_ _Apr 1 '19-'30
M-S $2,000___Sept 16 1019 48 Water Certificates (reg.).
4s
Fire Station & Site Loans.
12,000__Oct 1 '18-'29
430'14
1920
5,000r
M-S
M-N $1.000-- _Nov 1 1921 4s '15 M-NJ 50.600c_Nov 15'18-'28
$4,000c_July 1 '18-'21 4s
45 '11 J-J
1925
M-S 19,0000
4s
Water Bonds.
1 2.000c_Nov 15 1929
Drainage Loans.
M-N 6,000o_ -_Nov 1 1925 4s
45
1919
1
_Nov
M-N$21,000c__
Shore Road (Notes) (Outside limit)
$5,500____July 1 1919
4s '09 J-J
M-N 29,0000_ -Nov 1 1920 330'01 J-D $16,000--June 1 '19-'26
45
School Notes.
3,500 _ _Sept 1 1920
48 '10 M-S
1918-1925 48
M-N 14.000c......Nov 1 1921
50
Land Purchase (Notes).
3.000c_July 1 '18-'20 45 '06 M-N$15.7
4s '11 J-J
'19-20
1
430'14 M-NJ 4,000__May
3;is'08 J-J $1,075____July 1 1918
48 '15 J-J
14,000c_July 1 '18-'31 TOTAL DEBT Jan 1 '18 $134,950
1921
1
1.000____May
50,021
1
funds
Sinking
Highway & Gen. Loan Bonds
1
'19-'22
_Apr
7,000c_
4s '17 A-0
25,833 4s
- 11,000_ _May 1 '19-'26 4s '11 A-0 $12,000c_Oct 15 '18-'21
Borrow. capac. Jan 1 '18_ _
434s'17 A-0 f 1,500c___Oct 1 1918 Assessed
2,793,951 40
7,000_ _July 1 '18-'31
val., real
__Street & General Loan Bond.
1 6,000c__Oct 1 '19-'24
540,880
val., porsonal
School Notes.
48 '12 ___ $17,500_0ct 15 '18-'22
4s '17 A-0 8,000Apr 2 '19-'26 Assessed
li.f-N $5,000c_May 1 '19-'20
3,334,831 330
Total valuation 1917
Water Bonds (Outside limit).
43,0'17 A-0 f 1,500__Oct 1 1918 Total
-Nov 1 '18-'23 48 '08 ___ $110.000__Jan 1 '19-'38
.421.70
6,000
1916-A
$1,000)
F
tax
(per
45
'19-'24
1
Oct
8,000
1
Borrowing capac. Jan 1 '17.. 22,676 4s '07 M-N 40.000-Nov 1 '19-'26 48 '09 ___
15 '19-'29
Drainage and Sewer Bonds.
00'13 F-A 6.000__Aug 1 '18-'20 48 '10 ___ 39,500_Jan
24,000__Jan 1 '19-'30
48 '12 A-0 30,000__Apr 1 '19-'21 WESTFIELD.
School Bonds.
Notes.
Cemetery
--- 12,000__July '18-'24
430
This town is in Hampden Co. Inc. 40 '15 ___ $32,000c_Oct 1 '18-'25 430'14 _-- 15.000-Oct 1 '18-'22
May 29 1669. Pop'n '15. 18,411.
Auto Fire Apparatus.
1 625.._Oct 1 1923
Water Loans.
J-D
,750-July 1 '18-'19
45s
1
'19-'29
$99,000c_Jan
J-J
Refunding Bonds.
330'99
Bridge Bonds.
1,000-July 1 1918 33js'08 J-D $44,100_June 29'18-'28
85,000c_July 1 '18-'34 4s '16 F-A $22,000c_Aug 1 '18-'28
4s '04 J-J
1,000 __July 1 1918 4s '16 J-D 14,000__Dec 1 '18-'31 BOND. DEB Jan 1 '17- $337,200
Playground Bonds (Outside limit)
4s '15 J-J
174,000 48 '11
$55,625c__Jan 1 '19-'41
4s '16 M-N 3.000c_Nov 1 '18-'20 430'17 J-D
6,500c_July 1 '18-'24 Water debt Jan 1 '18
171,522
Playground Notes.
430'17 A-0 J$2,000c___Oct 1 1918 4s '17 __6,000__Apr 1 '19-'24 Floating debt & notes
122.267 48 '13 --- $3.000_Dec 22 '18-'23
Sinking funds Apr.8'16_ 1 4,000c__Oct 1 '19-22
School Bonds.
65,825
Water sink.fd.San 1 '18
High-School Loans.
Water Bonds.
430'13 J-J $55.000c_July 1 '18-'28 Assess. val. real
11,141,699 45 '08 J-J $106,700___Jan 1 '19-'38
4s '10 A-0 $65,000c_Jan 1 '19-'29 4s
'14 M-S 22,000c_Mar 1 '19-'29 Assess. val. personal
1,467,069 48 '09 J-J 39,500 Jan 15 '19-'29
4s '10 M-N 6,000c_Nov 1 '18-'20 43is'14
1
_Nov
_
_
1918
M-N
i
3,000_
12,608,768
Total val. 1917
12,000__July 1 '18-'21
25,850 _Jan 1 '19-'30
4s '12 J-J
15,000.._Nov 1 '19-'34 Tax rate (per $1,000) 1916.. _-$21.00 4s '10 J-J
430'17 M-N J 6,000c_ May 1 '19-'21 4.0 '15 M-N 32,000c_Nov
Sewer & Drains (Notes).
1 '18-'25 Population in 1010.12.895;'1513.969
116,000c_May 1 '22-'37
4s '09 J-D $4,995 __Dec 13 1918
1
'26-'35
24.000c_Nov
Refunding Loans.
Sewer Notes.
INT. on town and school debt at
2,000_ -Aug 1 '18-'20
M-N $37,000 __May 1 '19-'36 4s '15 F-A
48
Town Treasurer's office; other loans 430'15 ___ $1.600_ _July 15'18-19
Water Bonds.
6,000o_July 1 '18-'23
48 '11 J-J
Property Protection Notes.
at the First Nat. Bank, Boston.
4s '07 A-0 $20,000 _Oct 1 '18-'22
J$3.000_Dec 20 '18-'19
Sewer Loans.
430'15
10.000--July 1 '18-'27
1 1.090_ _Dec 20 1920
4s '10 M-S $5,500 _ - __Sept 1 1920 4s '02 J-J
WHITMAN.
1919
1
May
1.000e
4s '11 M-N
Notes.
Hose
Fire
Bonds.
Highway
Inc.
Co.
Plymouth
in
This town is
430'13 M-N 2,000c_May 1 '19-'20 40 '10 A-0 $25,500---Oct 1 '18-'20
4s '08 J-D $1.012 ___June 22 1918
4 1875. Pop'n 1915,7.520.
4s '16 M-N 14,000c_Nov 1 '18-'31 48 '11 A-0
Dept. Equip Notes.
6,000---Oct 1 '18-'21 March
Bonds.
Water
Town
$809,500
'17
Dec
31
_Mar 25 1919
TOTAL DEBT
1925 430'16 --- ($1,000_
Gas and Light Bonds.
M-S $20,000r
48
194.000
895__Mar 25 1920
Water debt (Included)- -32.000
100,000 330'99 J-D 344.000--June 1 '19-'29 _s
Note debt(addl)
les
Street Not.
Town Hall Bonds.
129,414 4a '07 A-0 15,000__Oct 1 '18-'32
Borrow. capac. Jan 1 '18_
'10 J-D $2,586.41_Dec 26 1920
M-S $47.000r ........1926 45
19,279,400 40 '09 A-0 17,000__Oct 1 '18-'34 48
Assessed val., real
J 1,000_Dec 20 '18-'19
43(8'15
School Bonds.
2,911,467 48 '10 A-0 8.000__Oct 1 '18-'25
Assessed value personal
371___Dec 20 1920
4,000__Oct 1 '18-'21 48 '12 ___ $40,100e_Dec 1 '18-'27 430'16 ___ 1 6,840__July 1 '18-21
22,190,867 45 '11 A-0
Total valuation 191i
3,294__A2r15'19-'20
Total tax (per $1,000) 1916- --$20.50 4s '14 M-Ni 3,000 __May 1 1919 TOTAL DEBT Nov 21 '16.. $91,600
___
430'15
'45,072
14,000.._May 1 '20-'34 Sinking fund
DEBT Jan 1 191, $615,910
INT.on water 4s of 1904 at Boston 4a'15 F-A
7,0000 Aug 15 '18-'20 Assess. val. real
4,631,300 FUND.
Water debt (included)_- 191,000
Safe Dep. & Tr. Co. on refunding
1,043,988
personal
Aug
15
13,000c
val.
'21-'35
Assess.
180.191
capacity
loans at Old Colony Trust Co. Bos- 45 '15 M-N 10,000....Dec 1 '18-'22 Total val. 1917
5.675.288 Borrowing
ton; other loans at Fourth Atlantic 4s '16 M-N 16,000.....May 1 '19-'26 Tax rate (per $1,000) 1916-- _$20.00 Assessed valuation, real...15,567.900
962,350
pers'l.
valuation,
Assessed
Nat. Bank, Boston.
16,530,250
Sewer Bonds.
INT. at Old Colony Tr. Co.. Bos. Total value 1917
4s '03 A-0 $25.000__Oct 1 '18-'22
Tax rate (per $1,000) 1916-- -$21.30
WAYLAND.
330'04 A-0 12,000__Oct 1 '18-'20
owned prop.... 1,150,720
town
of
Val.
This town is in Middlesex County. 48 '07 M-N 5,000__Nov 1 '18-'22 WILLIAMSBURGH.
INT. at Old Colony Tr. Co.. Bos.
This town is in Hampshire Co.Inc.
Town Bonds.
10,000c_July 1 '18-'22
430'13 J-J
Mar 1 1919 4s
42 000
-9,000c_June 1 '19-'27 April 24 1771. Pop'n 1915. 2,118.
'15 J-D
School Bonds.
WOBURN.
Water Bonds.
Jail Bonds.
1918-1030
This city Is in Middlesex County.
-___ $13,000
4s g '03 J-J 350,000 c_ _ _July 1 1933
1918-1922 48 '11 A-0 $2.000-Oct 1 '18-'19 BOND. DEBT Jan 1 1918.. $50,000
2,500
___
__
Municipal Loans (inside limit).
__
1918-1921
Bonds.
$5,000c_ __July 1 1918
4,000
Protection
6,250
4s '08 J-J
Floating debt
--1918-1921 430'17 J-J
$2,000c_July 1 '18-'19 Sinking fund
17,888 48 '09 J4 10,000c&rJuly1'18-'19
1,600
$63,100 PERM. DEBT Dec 31 '17 $498,000 Assessed val., real
15,000c..July 1 '18-'20
924,005 48 '10 J-J
lIOND.liEBT Jan 1 '18_
45,500 Water debt (included)._
22,880r_July 1 '18-'21
30,000 Assessed val., personal..
Note debt (additional)___
247.242 48 '11 J-J
23,250c.July 1 '18-'22
160,000 Total valuation 1917
2,157,830 Gas & light debt (incl.)__
Assessed val., real
1,171,337 48 '12 J-J
214.268 Borrow. capac. Dec 31 '16
15,000c_July 1 '18-'23
74,633
Assessed val., personal__ _
40 '13 J-J
(Assessment at fair cash val.)
15,000c_July 1 '18-'23
Total valuation
_ 2,372,098 Assessed val., real
10,593,536 Tax rate (per $1,000) 1917.... _ _821.50 430'13 J-J
Assessed val., personal
Tax rate (per $1,000)
1917_419.50
2,170,735
1917_4s '15 J-J f18.000c_July 1 '18-'19
12,764,271
1 8.850c___julv 1 1920
2,033 Total valuation 1916
Population in 1915
Total tax (per $1,000) 1917..$23.20 WINCHENDON.
3%8'16 J-J 32,000c_July 1 '18-'21
This town is in Worcester County. 59 '18 F-A J$8,000c___Feb 1 1919
WEBSTER.
INT. on water bonds and gas &
128,000c_Feb 1 '20-'23
This town is in Worcester County. light 4s, 1915, at First Nat. Bank, Incorporated in 1764.
BOND. DEBT May 1918_ 361.000
Incorporated in 1832.
Sewer Debt (Inside Limit).
Boston' on others at Hampden Nat. Water debt (1nel)
45,500 5s '14 J-J
59,600c_July,1 '18-'29
z Water Bonds.
Bank, Westfield.
3,289,718
Assessed(Real estate
_s
_$:33,000_ _ _ _part yea ly
Highway Bonds (Inside limit).
1.189,192 58 '14 J-J $9.500c_July '18-'19
Personal
val.
TOT. 13D7DT. Ap 5 '18_ _ $40,500
4,478,910 43 '14 A-0
1917 Total
1.000c__Oct '18-'19
Wator debt (included)_ _ :33,000 WESTON.
2.520_Dec 1 '18-'19
Assess. val., real astate____5,955,936
This town is in Middlesex County. (Assessment about 95% actual value) 48 '14 J-D
Tax rate (per $1,000) 1917_$24.00
Assess. val., personal
1,670,389 Incorporated in 1712-13.
Sidewalk Bonds (Inside limit).
1 '18-'19
1915, 5.908; 1916 (est.)_6.000 5.3 '14 J-J
Pop'n
$2,000c_July
Other assessable property
349,890
Town Hall Bonds.
Tot.assess.val.'17(60%act.)*7976,215
High-School Debt(Outside
j$12,000c_Mar 1 '19-'31
1 '18-'33
$48,000r_Aug
Tax rate (per $1,000) 1917_.,,_$13,40 48 '16 M-N 1
F-A
'06
48
.
15,000c-Mar 1 '32-36 WINCHESTER
Pop'n 1915, 12.565;'18 (est.), 13,000
5.600c_July 1 '18-'31
This town is in Middlesex Co. Inc. 48 '06 J-J
Fire Engine Bonds.
* Less value of personal property
High-School Debt (Inside Limit).
Pop'n 1915, 10,005.
30
1850.
Apr.
asses.sed by State of Massachusetts 4s '13 M-S $11,000c_Mar 1 '19-'29
49 '06 J-J $9.000c&rJuly1 '18-'26
Bonds.
BOND.DEBT Mar 31 '17.. $83,000 48 Bridge
4.500c_July 1 '18-'26
under income tax law.
'15 M-S $6.000c_Mar 1 '19-'24 4s '06 J-J
4,164,475
z Water bonds are retired yearly Assessed val.. real
Water Bonds (Outside limit).
Bonds.
Water
828,671 3%8'03 J-D $9,000c_June 1 '19-'27 430'07 J-J $10,000r_July 1 '18-'22
Assessed val., personal..
from earnings of water plant.
4,993,146 3348'03 M-N 6.000c_Nov 1 '21-'22 48 '08 J-J
Total valuation 1917
12,000c..July 1 '18-'23
Total tax rate (per $1,000)'16 $12.50 4s '95 M-N 11,000c_ _Nov 1 1925 4s '09 J-J
2,000r_July 1 '18-'19
WELLESLEY.
2,342 4s '98 J-D 33.000c_June 1 '26-'28 45 '11 J-J
in
1915
Population
14,000c_July 1 '18-'31
This town is in Norfolk Co. Inc.
13.000c_July 1 '18-'30
INT. at Old Colony Tr. Co., Bost. 330'02 M-N 12.000c_Nov 1 '29-'30 48 '10 J-J
Apr.6 1881. Pop'n 1915. 6,439.
4s '15 M-S 2,000c_Mar 1 '19-'20 4s '11 M-S 3.000c_Sept 1 '18-'20
Sewer Bonds.
15.000c_July 1 '18-'32
4s '16 M-S 6.000c..Mar 1 '19-'21 45 '12 J-J
4s '15 M-S $135.000c Mar 1 '19-'45 WESTPORT.
16,000c..July 1 '18-'33
1
4s'17 M-S 8.000c_Mar 1'19-'22 430'13 J-J
28,000__Mar
M-S
'19-'46
4s '16
A town in Bristol County.
7,000c_Aug 1 '18-'24
4%8'14 F-A
Sidewalk Bonds.
4s '16 M-S 46,000__Mar 1 '19-41
J6.000c_July 1 '18-'19
48 '13 ___ $8,000_ _Nov 1 '18-'20 48 '15 J-J
School Bonds.
4s '16 M-S 18,000__Mar 1 '19-'21
_July 1 1920,
12,350c__
Shed
Storage
1
_Mar
1
48,000_
Material&
'18-'19
Road
'19-'42 45 '15 __- $2,000__July
5.4 '17 M-S
6,000c_July 1 '18-'23
48 '15 J-J
9.000.. July 1 '20-'28
Bonds.
5s '18 M-S 15000Mar 1 '19-'23 43 '15 __
12.240c_July 1 '18-'21
4s '16 __
10,000_Apr 22 '19-'26 4s '16 M-N $7,000c_May 1 '19-'25 330'16 J-J
Various Municipal Bonds.
FUNDED DEBT Jan. 1 1918Playground Bonds.
Macadam Bonds.
48 '16 --- $110,000
$254,080
4s '94 J-D $37,000c_Deo 1 '18-'24 Inside limit
33,300-__May 1 191
430'14
Water Works.
189,850
Outside limit
1
....Dec
'19-20
1928
12.500c_
J-D
1
'98
'19-'27
1
4s
3,300Apr
$18.000__Mar
430'14
4s '97 M-S
83,203
Fire & Police-Building Bonds. Borrowing capacity
6,300_ _Apr 22'19-'21
4s '01 M-8 10.000____Mar 1 1921 45 '16 ___
10,720,451
16,500_ _July 28 '18-22 48 '14 M-N370,000__May 1 '18-31 Assess. val. real
4s '07 M-S 15,000__Sept 1 '18-32 43,0'17 _ __
2,641,611
personal.._
val'n,
A.s.sessed
School Loans.
48 '09 M-S 17.000__Sept 1 '18-'34 TOT. PERM. DT.Jan 1'18 $63,650
13,335.062
2,387,650 330'03 A-0 J$48,000c_Oct 1 '18-'29 Total val. 1917
4s '12 M-8 19,000__Mar 1 '19-37 Assessed val., real
1 6.000c_Oct 1 '30-'31 Tax rate (per 31.000) 1916.._$22.30
366.650
48 '13 M-S 9,000__Mar 1 '19-'28 Assessed val., personal
3.000c__Oct 1 '18-'20 Pop'n 1910, 15,308; 1915. 16,410.
2,754,300 330'05 A-0
4s '15 M-S 18.000c_Sept 1 '18-'35 Total valuation 1917
INTEREST at Second Nat. Bank,
Public Park Bonds.
4s '16 M-S 5,000__Mar 1 '19-'21 Tax rate (per $1,000) 1917-$20.40
4s '18 M-S 31,000_ _Mar 1 '19-'31 Pop'n 1015, 3,262;'17 (est.). 3.000 40 '11 M-N $72,000o_Nov 1 '18-'41 Boston, and in Woburn.
WARE.
This town is in Hampshire County.
Incorporated in 1775.
BOND.DEBT Dec 31 '17- $51,100
7,491
Water dept. surplus
4,009,321
Assess. real estate
1.245,940
Assessed personal
5,255,260
Tot. assess. val. 1917
Tax rate (per $1.000) 1916._$21.50
Pop'n 1915, 9,346; 1918 (ast.)-9,750




Park Bonds.
4s '99 M-S $7,000-Sept 1 '18-'24
4s '08 M-S 5,000__Mar 1 '19-'28
ts '10 M-S 4,500__Sept 1 '18-'26
School Bonds.
48 '05 M-S $38,500c_Sept 1 '18-'24
4s '10 M-S 55,000__Mar 1 '19-'29
4s '11 M-S 4,000__Sept 1 '18-'19
BOND. DEBT Apr 10 '18 $545,500
142,000
Wator debt (included)4,725
Water sinking fund
450,257
Borrowing capacity
Assessed val., real
12,648,3s7
Assessed val., personal
1,713,311
Total valuation 1917
14,361,628
Total tax (per $1,000) 1917..-312.00
INT. at Boston Safe Dep.&Tr.Co.

•

RHODE ISLAND-DEBT OF STATE.
Fire Bonds.
4s '08 J-J $17,000r_ __July 1 1918
This city is in Worcester County. 4s
'10 J-J
15,000r_ __Jan 1 1920
ineofp. as a'city Feb. 29 1848.
Abolition.
430'17 -4$200,000r_Oct i '18-'27 45 Grade-Crossing
'08 J-J $50,000r_ __July 1 1918
Water Bonds.
33is'09 J-J 100,000r_ __Jan 1 1919
$15.000r __Jan 1 '19-'21 4s '10 A-0 100,000r -Oct 1 1930
330'16 J-J I 67.500r_Jan 1 '18-'26 330'10 J-J 100,000r _.....Tan 1 1930
90,000r__Jan 1 '18-'26 4s '12 A-0 60,000r___Apr 1 1922
330'16 J-J
40,000__July 1 '19-'26 4s '13 J-J
30.000r ___Jan 1 1923
33017 ___ 145,946___Jan 1 '19-'47 4s '14 J-T
7,000__July 1 '18-'24
330'17 ___ 135,000___Jan 1 '19-'27
Funded Sewer Loans.
430'17
180,000-__Oct 1 '19-'27 43
J-J 500,000r_J&J 1 '27&'28
330
J-J 170,000r_ __July 1 1929
Bridge Bonds.
330'12 J-J $10,000r_ _ _Jan 1 1922 330. A-0 20,000r.....Apr 1 1920
330
A-0 465,000r_ _Apr 1 '30-'33
Sidewalk Bonds.
330'02 J-J 60,000_-__July 1 1932
4s '08 J-J $10,000r_ __July 1 1918 330'05 A-0
60,000r Apr 1 '34-'35
330'09 J-J
25,000r_ _July 1 1919 330'06 A-0 20,000r_ -Apr 1 1936
4s '10 J-J
25,000r_ __Jan 1 1920 330'09 J-J
35,000r_ _Jan 1 1919
48 '11 J-J
25,000r_ __J&J 1 1921 3 Ms
A-0 20,000r_ __Apr 1 1919
33s'12 J-J
25,000r_Jan 1 1922 48 '09 A-0 20,000r _ __Oct 11919
48 '13 J-J
20.000......_Jan 1 1923 4s '10 J-J
50,000r_ _Jan 1 1920
50,000____J&J 1 1921
48 '11 J-J
Beaver Brook Loan.
48 '08 J-D 528,000r_ __June 1 1918 48 '11 A-0 50,000r__Apr 1 1921
3 Ms
A-0 45,000r_ __Apr 1 1919 33012 J-J
25,000r_ _ _Jan 1 1922
48 '10 J-J
50,000r _ Jan 1 1920 48 '12 A-0 115,000r___J&J 1 1922
4s '13 J-J 95.000r_ __Jan 1 1923
Funded Park Loan.
15,000r_July 1 '18-23
33e
J-J
$8,500r_ _July 1 1932 4s '13 J-J
48
A-0 250,000r_ __Apr 1 1938 48 '13 A-0 24.000r__Oct 1 '18-'23
4s'14 J-J
31,500_ ___July '18-'24
Funded City Loans.
7,000___ _Oct '18-'24
4s '14 A-0
48
A-0$650,000__Apr 1 '25-'27 4s'15 J-J
56,000._Jan 1 '19-'25
48 '14 J-J
35,000
1918-1924 3348'16 _ _
16,000__Jan 1 '19-'26
Street -Paving Loans.
Land Damages Loan.
48 '13 A-0 $60,000r_Oct 1 '18-'23 330'09 J-J $100,000r_ __Jan 1 1919
A-0 20,000r_ __Apr 1 1919
48 '15 J-J 35,000....Jan 1 '19-'25 330
75,000r_ __July 1 1919
J-J
330'16 J-J
54,000c__Jan 1 '19-'26 330
,js '15 ___ 21.000__Apr 1 '19-'25 4s '10 J-J 370,000r___J&J 1 1920
4s '17 A-0 67.500_ _ _Apr 1 '19-'27 4s '09 A-0 15,000r___Oct 1 1919
330'09 A-0 20,000r.. __Oct 1 1910
Land Damage Bonds.
J-J 215,000- __Jan 1 1921
48 '17 --- $67,500__Apr 1 '1.0-'27 4s
4s '11 J-J 125,000r_ _July 1 1921
Public Playground Loans.
120,000rJan 1 1922
330'12
J-J
48
A-0 $36,000r. __Oct 1 1918 330'12
9,000____Apr 1 1922
___
330
J-J
50,000r-July 1 1929 4s '12 A-0
50,000r___Apr 1 1922
4s '12 A-0 30,000r_ ..Apr 1 1922
15,000r___July 1 1922
4s '12 J-J
4s '13 J-J
6,000r_July 1 '18-'23 4s
'13 J-J 85,000rJan 1 1923
Hospital Bonds.
23.500r_July 1 '18-23
4s '13 J-J
4s '08 J-J
$4,000r_ __July 1 1018 4s '14 J-J
4,000____July '18-'19
4a '12 A-0 177,000r___Oct 1 1922 4s '14 J-.1
1918-1924
35,000
48 '13 J-J
15,000r___Jan 1 1922 4s '14 J-J
17,500_ _ __July '18-'24
4s '13 J-J
54,000r_July 1 '18-'23 48 ,15 J-J 60,500__July 1'18-'25
48 '13 J-J
3,000r_July 1 '18-'23 330'16 J-J
36,000rJan 1 '19-'26
4s '14 ___
3,500__July 1 '18-'24 4s '17 A-0 27,000___Apr 1 '19-'27
Building Bonas.
Police-Station Bonds.
48 '11 J-J $20.000r_ -Jan 1 1921 330'12 A-0 9,000r___Apr 1 1922
12,000r___July 1 1922
330'15 A-0 120,000___Oct 1 '18-'25 4s '12 J-J
$76,500__Apr 1 '19-'27
330'16 J-J
10,000r Jan 1 '19-'23 4s '17 School Loans,
4s '15 ___ 28,000__Apr 1 '19-'25
48 '17 A-0 76,500_ _ _Apr 1 '19-'27 3348
J-J $207,000r_July 1'19&'20
330
A-0 20,000r_ __Apr 1 1921
Bath-House Bonds.
J-J 170,000r_July 1 '21&'22
48 '10 J-J $10,000____July 1 1920 330
65,000r_ __Jan 1 1919
48 '13 A-0 12,000.. __..Apr 1 1923 330'09 J-J
43
A-0 10,000r_ __Apr 1 1927
Funded Water Loan.
330
J-J 100,000r_ __July 1 1928
48
A-031,510,000r_ __Apr 1'19-'28 330'09 A-0 125,000r.. _Apr 1 1929
330 J-D 950,000r_June 1 '29 &'30 4s '10 J-J 65,000r_ -Jan 1 1920
3s
A-0 150,000r_ __Apr 11931 4s '11 J-J 120,000r_ __Jan 1 1921
330 J-J 110.000r_July 1 '31 & '32 330'12 J-J
20,000r___Jan 1 1922
330
A-0 100,000r __A-0 1 1932 48 '12 A-0 15,000____Apr 1 1922
330 J-J 225,000r_Jan 1 '33 & '34 48 '12 A-0 15,000r___Oct 1 1922
330
A-0 25,000r_ __Oct 1 1933 4s '12 J-J
35,000r_.,_July 1 1922
330'04 J-J
80.000r.. _July 1 1934 48 '13 J-J 275,000r_ _Jan 1 1923
330'04 J-D 50,000r_ _- Dec 1 1934 4s '13 J-J 64.200r_July 1 '18-23
330'05 A-0 15,000r_ -Apr 1 1935 4s '14 J-.1 154.000__July 1 '18-'24
330'06 A-0 25,000r_ _-Apr 1 1936 4s '15 J-J 217,000__Jan 1 '19-'25
330
A-0 25,000r_ _Apr 1 1919 330'16 J-J 76,000r__Jan 1 '19-'26
4s '09 A-0 25,000r___Oct 1 1919 330'16 _
27,000__July 1 '18-'26
4s '10 J-J
10,000r_ _July 111920 4s '17 Z-0 61,750_-Apr 1 '19-37
4s '10 A-0 75,000r _ -_Oct 1 1920
School Bonds.
48 '11 A-0 100,000r _ _-Oct 1 1921 48 '17 -- - $58,500__Apr 1 '19-'27
43 '11 J-J 110,000r__July 1 1921
Street Paving Bonds.
330'12 A-0 175,000r___Apr 1 1922 48 '17
- $27,000_ _Apr 1 '19-'27
4s '12 A-0 30,000r
Oct 1 1922
Sewer--Bonds,
48 '13 J-J 75,000r__Jan 1 '19-'33 430'17 A-0 $22,500__Oct 1 '19-'27
'0'13 A-0 75,000r__Apr 1 '19-'33 430'17____ 45,000_ ___Apr '19-'27
4s '13 J-J
6,000r_July 1 '18-'23 TOT.BD.DT.Apr 13'17_513.442,400
4s '13 A-0 16,000r_Oct 1 '18-'33 Sinking funds
6,162,935
48 '13 A-0 84.000r_Oct 1 '18-'23 Borrow. capacity (inside
48
J-J
30,000__July 1918-'19
debt limit)
1,427,984
4s
J-J 340,000_July 1918-'34 Assessed val. real estato_154,815,500
48 '15 J-J
98,000__Jan 1 '1-225 Assessed val., personal
31,525,656
48 '15 J-J
14,000__Jan 1 '19-'20 Total assess. val. 1917 186,341.156
4s'15 J-J 127,500__Jan 1 '19-'35 Tax rate (per $1,000) 1916_-- _S20.00
4s'15 A-0 56,000.._Apr 1 '19-'25 Pop'n 1910, 145,986; 1916, 162,697
330'16 J-J
15,000___Jan 1 '19-'21
INTEREST payable by check on
330'16 J-J 140,000. Jan 1 '19-'26 Merchants' Nat. Bank, Boston.

WORCESTER.

[VOL. 106.

INTEREST on the State-House bonds and Charitable Inst. Loan 1914
Is payable in Providence at the Rhelde Island Hospital Trust Co.; on the
Charitable Inst. bonds of 1916 and bridge bonds of 1917 payable at National Exchange Bank; on all other issues at Industrial Trust Co.
TOTAL DEBT, SINKING FUNDS, &c.
Jan. 11918. Jan. 11917. Oct. 1 1916. Oct. 1 1915.
Total funded debt
$7,624,000 $7,449,000 $7,449,000 $7,375,000
Sinking funds
1,186,774
1,043,269
1,033,446
972,719

Net debt
$6.437,226 $6,405,731 $6,415,554 $6,402,281
The sinking fund is largely invested In city, town and district bonds and
notes, and It Is to receive $98,972 yearly.
TAX VALUATION.-The total assessed valuation of real estate and
personal property in Rhode Island Jan. 1 1918 was $760,090,225, consisting
of $495,006,727 real estate and $273,083,498 personal property. Tax rate
(per $1,000) in 1912, 1913, 1914, 1915, 1916 and 1917 was $0.90.
POPULATION OF STATE1916(est.)610,000i 1900
428.556 1860
174,620 1820
83,059
1915
595,986 1890
345.506 1850
147,545 1810
77.031
1910
542,610 1880
276,531 1840
108,830 1800
69,122
1905
480,082 1870
217,353 1830
97,210 1790
68.825
STATE AND MUNICIPAL INDEBTEDNESS LIMITATIONS.-Under Section 13, Article IV of the State constitution, the General Assembly
has no power to incur State debt to an amount exceeding $50,000 without
the consent of the people, except in time of war or of insurrection or invasion. In no case is the Assembly to pledge the faith of the State for the
payment of obligations of others without the approval of the people. In
reference to city debts, there is nothing in the constitution of Rhode Island
limiting the amount of such obligations. The following, however, are two
sections taken from Title 8, Chapter 46 (page 221) or the Revised Statutes
of the State of 1009. Since 1878 these provisions have been in force, and
consequently 3% of the taxable property has been the limit of the power
of each town (which includes city) to create debt.
SECTION 20.-"The outstanding notes, bonds and contracts of towns
shall be paid and be fulfilled according to the tenor thereof, and all public
works now authorized to be prosecuted shall be prosecuted and all indebtedness now authorized to be incurred on account thereof may be Incurred
according to the tenor of the authority thereof."
SECTION 21.-"No town shall, without special statutory authority therefor.
Incur any debt in excess of three per oentum of the taxable property of
such town, including the indebtedness of such town on the tenth day o
April, one thousand eight hundred seventy-eight; but the giving of a new
note or bond for a pre-existing debt, or for money borrowed and applied
to the payment of such preaexistIng debt, is excepted from the provisions
of this section, and the amtint of any sinking fund shall be deducted In
computing such indebtedne ."
EXEMPTION FROM TAXATION.-Bonds and notes of the State are
not subject to taxation, and by an amendment adopted by the 1918 Legislature savings banks may deduct from their deposits for the purpose of
taxation United States Government bonds or other evidences of indebtedness of the United States issued on or after April 1 1918, provided such
bonds or other evidences of indebtedness shall have been hold by the
savings bank for a period of six months or more next preceding June 1 in
each year." V. 106. p.1741. Loans of municipalities, we were advised
Dec. 12 1911 by the Secretary of State, are taxable.
SAVINGS BANK INVESTMENTS, RESTRICTIONS, &c,-At the
1911 session of the Legislature the laws concerning Rhode Island savings
bank investments were completely revised and materially altered in many
respects. In 1912. 1914, 1917 and 1918 further amendments were made.
See V. 94, p. 1397; V. 98, p. 1629: V. 104, p. 1824, and V. 106, p. 1741.
One of the important changes made in 1918 (the other we refer to above
under "Exemption from Taxation") was to add a new clause (Clause XXII)
allowing savings banks to borrow money for the purpose or purchasing
bonds or other evidences of indebtedness of the United States issued on or
after April 1 1918, to the extent of 10% of the amount of the deposits
of such savings banks. Investment in public securities is regulated by
Clause 1, a digest of which follows:
Clause I. Permits investments in (a) bonds or notes or the United States
or any State or Territory which has not, in the ten years next preceding
the time of investment, defaulted in the payment of its debt
(b) Bonds or notes of any city or town of the New England States or
New York State which has not defaulted in ten years and whose net debt
does not exceed 7% of the last preceding assessed valuation; or of any
incorporated district of said States having over 5,000 inhabitants, or in
Now Hampshire, with a population of over 2.500, whose bonds are a
direct obligation on all the taxable property of such district, and whose net
debt does not exceed 5% of such valuation, and which bonds are provided
for by a sinking fund or serial retirement.
(c) Bonds or notes of any city of the United States other than the New
England States and New York State which has not defaulted during ten
years, has 30,600 or more inhabitants, as established by the last national or
State Census, or city Census certified to by the City Clerk or Treasurer of
such city, and taken in the same manner as a national or State Census
preceding such investment, and a net debt of not exceeding 7% of the
last preceding assessed valuation, or the bonds and obligations of any
Incorporated school district within such city, payable primarily from
taxes levied on all taxable property in such district; providing the population of the district is 30,000 or more, and the population and assessed valuation of the district are equal to at least.75% of the population and assessed
valuation of the city within which such district is located.
(d) Bonds or notes of any county in the United States having a population of over 100.000 (according to National or State Census), and whose net
indebtedness does not exceed 3% of the last preceding assessed valuation.
"Net Indebtedness-Definition.-(e) 'Net indebtedness' shall moan
the total debt less sinking funds, the net outstanding water and sewer
debts and the tax levy for the current year."
Clauses It to V I, inclusive, which govern investment in railroad bonds,
public service securities and bonds of telephone companies, are given In
full herewith.
"Steam Railroad Bonds and Notes.-Clause II. In the bonds and
notes and receivers' certificates of steam railroad orporations described
herein below, in the 'table of eligible steam railroad bonds and notes,' subsections (a) to (y) inclusive, subject to the following definitions and classiITS
fication:
"The words 'railroad' and 'railway' herein used are to be considered
DEBT, RESOURCES, &c.
synonymous titles.
'The term 'funded indebtedness' herein used shall include all bonds and
Admitted •as a State
One of Original Thirteen notes
bearing interest.
"All 'income bonds' are ineligible.
Total area of State (square miles)
1,250
"The eligibility of such bonds for such investments is defined as follows.
State Capital
Providence unless hereinafter otherwise provided:
"Definition.-Ownership.-Such railroad corporation shall own its
Gov.(tern3.exp.first Tues. Jan.1919)1.R.Livingston Beeckman road
in fee.
"Location
.-The railroad of such corporation shall be located principally
Sec. of State (term exp. first Tues Jan. '19)_J. Fred Parker in the United
States.
"Gauge.-The railroad of such corporation shall be of standard gauge.
Treasurer (term exp. first Tues. Jan. 1919)__ Walter A. Read
"Mileage.-Such railroad must be not less than 100 miles in length,
LEGISLATURE.-The Legislature now meets annually the first Tues- exclusive of sidings.
"Net income.-The net income of any such corporation shall be Its earnday in January. There is no limit as to the length of session, but compensation of the legislators is limited to sixty days' attendance in any ings and income after payment of all operating expenses, maintenance
charges, rentals and taxes, and all guaranteed dividends and guaranteed
calendar year.
interest paid by. or due from, it.
"The net earnings and income of any such corporation shall equal the
HISTORY OF DEBT.-For early history of the Rhode Island State debtsee "State & City Supplement" of Apr. 13 1895, page 33. The bonds out. following requirements by the following classes, to which reference is made
in the succeeding table of bonds.
standing at present are described as follows:
"Classification.-Class I. Any such corporation of this class must have
Penal & Reformatory Inst. Loan.
Harbor Imnrovement Bonds.
334g'09 M-S $300,0000_ _Mch 1 1959 4s g '10 F-ASa00,0000.__Aug 1 1960 earned and received in each of its three fiscal years, or three nearer and successive periods of one year, next preceding such investment, a net income
State House Loan.
4s '13 J-D 476,000z-Dec 1 1963 of
not less than twice the annual interest for the current year on all its funded
3 34g'94 J-J $390,0000__ _Jan 1 1924
Charitable Inst. Loan.
3 Mg'94 J-J 395,000o__ _Jan 1 1934 4g '14 J-J $617,000c___July 1 1964 indebtedness, including the bonds in question.
"Class II. Any such corporation of this class must have earned and re3s g '98 A-0 800.000o_ _July 15 1938 4s g '15 M-S 458,500z___Sept 1 1065
ceived a net income, in each of its three fiscal years, or three nearer and
35 sr '01 M-N 700,000o__ May 1 1941
Armory Construction Bdnds.
periods of one year, next preceding such investment, not less
Bridge Bonds.
3s g '06 A-0$350.000o__ _Apr 1 1946 successive
than twice the annual interest for the current year on the underlying mort4s g '17 M-N$175,000c_ May 1 1967
*Metropolitan Park Loan.
Highway Improvement Bonds.
3 34sg'08J-D$250,0000_ _June 1 1958 gagelonds in question, and all prier liens.
"Mss III. Any such corporation of this class must have earned and
3s g '06 A-0$600.000c__ _Apr 1 1936 4s '14 F-A 300,000c__ Feb 1 1964
received In each of Its three fiscal years. or three nearer and successive
334g'09 M-S 600,0000..__Mch 1 1939
Charitable Institution Bonds.
4s '12 J-D 563,0000 -_June 1 1942 4s g '16 M-S $149,500-Sopt 1 1966 periods of one year, next preceding such investment, a not income of not
less than twice the annual interest for the current year on all its mortgage
*This is debt Incurred for the benefit of the several towns and cities in- indebtedness
outstanding, including the bonds in question.
cluded in Metropolitan Park System. While such debt is a direct obliga"Class IV. Any such corporation of this class must have earned and retion of the State, its payment must eventually be met by assessment on the ceived
in each of its three fiscal years, or three nearer and successive periods
towns and cities benefited. (x) Coupon with privilege of registration.
of one year. next preceding such investment, a net income of not less than

State of Rhode Island.




JUNE, 1918.]

RHODE ISLAND-DEBT OF STATE..

one and a half times the annual interest for the current year on all its funded
indebtedness, including the bonds in question.
"Table of Eligible Steam Railroad Bonds and Notes.—(a) Debenture bonds of any such steam railroad corporation, incorporated in any of
the United States, whose net income is described in Class I.
"(b) Debenture bonds of any such steam railroad corporation, incorporated in any of the United States, which has leased its railroad to another
such railroad whose net income is described in Class I; Provided, that such
lease is for a term extending at least ten years after the maturity of the
bonds in question, and that the rent from such lease is sufficient to meet
the interest and sinking fund requirements, if any, on said bonds or any
prior lien or any other debenture bonds, together with a dividend of not
less than four per centum per annum on the entire capital stock of the lessor
corporation: and also provides for the proper maintenance and operation
of the property leased.
"(c) Debenture bonds of any such steam railroad corporation, incorporated in any of the United States, guaranteed as to principal and interest
or assumed by another railroad described in Class I.
"(d) Bonds of any such steam railroad corporation described in items
(b) and (c), which are guaranteed as to principal and interest, or assumed
by two or more steam railroads of which one shall be of Class I and the
others may be of Class III or Class IV.
"(e) Mortgage bonds of any such steam railroad corporation, incorporated in any of the United States, whose net income is not less than that
described in Class III.
"(f) Underlying mortgage bonds of any such steam railroad corporation,
Incorporated in any of the United States, whose net income is not less than
that described in Class II.
"(g) Mortgage bonds of any such steam railroad corporation, incorporated in any of the United States, which are guaranteed as to principal
and interest, or assumed by another steam railroad, whose net income is
described in Class I or Class III.
'(h) Mortgage bonds of any such steam railroad corporation, incorporated in any of the United States, which are guaranteed as to prinicpal
and interest, or assumed, by two or more steam railroads, of which at least
one shall be of Class I or Class III and the others may be of Class III or
Class IV.
"(i) Mortgage bonds or any such steam railroad corporation, incorporated in any of the United States, which has leased its railroad to another
steam railroad whose net income is described in Class I or Class III; Provided, that said lease is for a term extending at least ten years after the maturity of the bonds in question, and that the rent from such lease is sufficient
to meet the interest and sinking fund requirements, if any, on said bonds
and any prior liens, together with a dividend of not less than four per
centum on the entire capital stock of the lessor corporation, and provides
for the proper maintenance and operation of the property leased.
"(j) Mortgage bonds of any such steam railroad corporation, incorporated in the United States, which has leased its railroad to two or more
steam railroads, of which at least one shall be of Class I or Class III; ProMed, that said lease shall be for a term extending at least ten years after
the maturity of the bonds in question, and that the rent from such lease
is sufficient to meet the interest, and sinking fund requirements, if any, on
said bonds and any prior liens, together with a dividend of not less than
four per centum on the entire capital stock of the lessor corporation, and
provides for the proper maintenance and operation of the property leased.
"(k) First mortgage bonds or refunding mortgage bonds of any such
steam railroad corporation which would be a legal investment under terms
(g),(h). (I) and (j), respectively, except for the fact that it owns in fee less
than 100 miles of road, exclusive of sidings.
"(I) First mortgage bonds of any such steam railroad corporation,
Irrespective of mileage, which is a constituent part of a steam railroad and
transportation system of not less than 1,000 miles of road, exclusive of
sidings, and at least ninety per centum of the capital stock of which is
owned by a proprietary holding company which operates said railroad and
transportation system, and the earnings of which, with the earnings of the
other divisions constituting said railroad and transportation system, are
received by said holding company, and which bonds in question are fully
guaranteed as to principal and interest by such holding company, either
by direct guaranty, or by rental under lease extending at least ten years
after the maturity of said bonds, the terms of which lease require a payment of rent equivalent to all taxes and interest, and provides a sinking fund
sufficient to retire said bonds at maturity; Provided, however, that the net
income of said holding company shall equal the requirements of railroads
In Class I.
"(m) Bonds and debentures of any steam railroad corporation whose
railroad property is unencumbered by mortgage, and whose net income is
described in Class I; Provided, however, that such bonds or debentures shall
be issued only under the authority of some State which provides by law
that no such railroad corporation which has issued bonds shall subsequently
execute a mortgage upon its railroad property without including in and securing by such mortgage all bonds previously issued by it and all its preexisting debts and liabilities, which provision so enacted in such State shall
have been accepted by the stockholders of such railroad company.
"(n) Bonds of any steam railroad corporation described in item (m)
which has leased its railroad to another steam railroad for a term extending
not less than ten years after the maturity of the bonds in question, which
lessee railroad fully guarantees the principal and interest on said bonds;
Provided, that said lessee railroad is one whose net income is at least up
to the standard sot in Class III; and provided, further, that said lease is for
a term extending at least ten years after the maturity of the bonds in question, and that the rent from such lease is sufficient to meet the interest and
sinking fund requirements, if any,on said bonds, together with a dividend of
not less than four per centum per annum on the entire capital stock of the
lessor corporation, and provides for the proper maintenance and operation
of the property leased.
"(o) First mortgage bonds of any terminal company, or terminal railway company, incorporated in the United States, whose property is located
In the United States, and whose bonds are guaranteed as to principal and
Interest by any such steam railroad corporation of Class I.
"(p) First mortgage bonds of any terminal company or terminal railway company, incorporated in the United States, whose property is located
in the United States, whose bonds are guaranteed OS to principal and interest by two or more steam railroad corporations of Class I or Class III.
"(q) First mortgage bonds of any terminal company or terminal railway company, incorporated in the United States, whose property is located
in the United States, of which company at least ninety per contum of its
capital stock is owned by two or more proprietary steam railroads of Classes
I, III or IV, and which use said property, and jointly, or jointly and
severally, guarantee the principal and interest of all the indebtedness of
said company.
"(r) First mortgage bonds of any terminal company or terminal railway
company, incorporated in tho United States, whose property is located in
the United States. which has leased its property to one or more steam railroad corporations which guarantee the principal and Interest on said
bonds and which lease runs for a term extending at least ten years after the
maturity of said bonds, and which lease provides for the maintenance and
operation of the leased property; Provided, that, if such lease is to one
steam railroad corporation, it shall be of Class I, and if such lease is to two
steam railroad corporations, they may be of Classes I or III, and if such
lease is to three or more steam railroad corporations, they may be of
Classes I, III or IV.
"(s) First mortgage bridge bonds issued by any railroad corporation of
Class I.
"(t) First mortgage bonds of any bridge company, incorporated in the
United States, whose property is in the United States, whose entire indebtedness is guaranteed as to principal and interest by one or more steam railroad corporations; Provided, that, if such guarantee le by one such railroad
corporation. It shall be of Class I, and if such guarantee is by two or more
railroad corporations they may be of Classee I, III or IV.
"(u) First mortgage bonds of any bridge company, incorporated in the
United States, whose property is in the United States and whose capital
stock is entirely owned, except shares qualifying directors, by two or more
proprietary steam railroad corporations of Classes I. III or IV which
guarantee the maintenance of the property and the principal and interest
of such bonds.
"(v) Equipment bonds or equipment notes issued by any steam railroad
corporation of Class I. Class III or Class IV which are secured by a first
lien on the equipment against the purchase of which said bonds or notes
were issued at not exceeding eighty per centum of the purchase price thereof;
Provided, that the indenture under which said lien is established contains
adequate requirements for the maintenance of the property pledged, and
provides that an equal amount of any issue of such bonds or notes shall be
paid annually until all are retired without the release of the lien on any of
such equipment.




41

"(w) Notes, warrants and obligations, running for a term of not more
than five years from date of issue, given by any steam railroad corporation
which has earned and paid dividends at the rate of not less than four per
centum per annum on all its outstanding capital stock for five years next
prior to the date of issue.
"(x) Certificates of indebtedness commonly termed 'receiver's certificates' issued by a receiver of any such steam railroad under an authorization of the court or courts having jurisdiction over such receiver.
"(y) First mortgage bonds and refunding mortgage bonds of any steam
railroad, incorporated and whose property is principally located in the
Dominion of Canada, which conform in all respects to the provisions applying to mortgage bonds of steam railroad corporations in the United States.
"Change of Motive Power.—Clause III. Thochange of motive power
by any steam railroad corporation, whether wholly or in part, shall not
affect the eligibility, for such investment, of any of the steam railroad
obligations hereinbefore described, so long as its earnings conform with the
foregoing requirements.
"Railroad Stocks.—Clause IV. (a) In the shares of the capital stock
of any steam railroad which has leased its railroad to another steam railroad,
which operates the property so leased as a part of its railroad system;
Provided, that such lease is for a term of not less than fifty years, and the
lessee company is one whose bonds would be a legal investment under the
provisions of Clause II, Class III, and that by the terms of the lease the
lessee company is obliged to pay rents sufficient to pay the interest on the
outstanding bonds of the lessor and a dividend at an annual rate of not less
than four per centum per annum on all the capital stock of the lessor company.
"(b) In the shares of the capital stock of any steam railroad which operates its own railroad whose bonds would be an eligible investment under
Clause II. Class I; Provided, that such railroad has paid regular annual
dividends on all its capital stock at the rate of nod ess than four per centum
per annum for ten years next preceding such investment.
"(c) The aggregate investment of such deposits and income by any bank,
savings bank or trust company in the stock of any one such steam railroad
corporation at par value shall not exceed two per centum of said deposits
held by it.
"Public Service Securities.—Clause V. In the bonds of public service
corporations, commonly called 'public service securities,' described hereinbelow in the 'table of eligible public service securities,' sub-sections (a) to
(k)
., inclusive, subject to the following description and definition:
The title 'public service securities' shall include only mortgage bonds
Issued by any electric railroad, street railway, gas company, electric Light
power company, or water company, as hereinafter described.
or'
The term funded indebtedness' herein used shall Include all bonds and
notes bearing interest.
"Descriptive Definition.—Ownership.—Such corporation shall own the
major part of its property in fee.
"Location.—The property of such corporation shall be located principally in the United States, unless otherwise provided.
"Net Income.—The net income of such corporation shall belts net earnings and income after payment of all operating expenses, maintenance
charges, rentals and taxes, and all guaranteed interest and guaranteed
dividends paid by, or due from, it.
"Eligibility for such investment.—Such corporation must have earned
and received a net income in each of its three fiscal years, or three neetrer
periods of one year, next preceding such investment not less than twice
the annual interest for the current year on all its indebtedness secured by
the mortgage under which the bonds in question are issued and all prior
liens, unless otherwise hereinafter specified,and shall not have defaulted on
any of its obligations during the same period; Provided, however, that said
bonds shall mature at least five years before the expiration of the principal
franchise or franchises under which such corporation is operated, or there
shall exist some definite agreement or contract with the grantors whereby
such franchise or franchises may be renewed or extended from time to time
throughout and beyond the life of the bonds in question, and or that by
such an agreement or contract the security of said bonds is adequately
protected and preserved to the bondholders, and a copy of such agreement
or contract shall be filed in the office of the Bank Commissioner and shall
be preserved in his files during the life of the bonds in question.
"Table of Eligible Public Service Securities.—(a) Mortgage bonds
of any such electric railroad, street railway, gas,electric light or power company, incorporated under the laws of Rhode Island, whose property is located and operated chiefly in this State.
"(b) Mortgage bonds of any such electric railroad, street railway, gas
and electric light or power company, incorporated under the laws of any
of the United States; Provided, however, that the said bonds of any such
electric railroad or street railroad company shall be a legal investment for
such deposits and income only in case such company shall have received
average gross earnings of not less than four hundred thousand dollars in
each of its three fiscal years, or three nearer periods of one year, next preceding such investment, and if said bonds are issued by a company which
carries on the business of an electric railroad or street railway combined
with that of either a gas company or an electric light or power company, or
both of such kinds of business, then, in such case, such company shall have
received average gross earnings of not less than six hundred thousand dollars in each of its three fiscal years, or three nearer periods of one year, next
preceding such investment; and if said bonds are issued by any such gas
company or electric light or power company, or by a company which combines the business of a gas company and an electric light company,and,or,
power company, or any two such businesses, then, in such case, it shall
have received average gross earnings of not less than two hundred thousand
dollars in each of its three fiscal years, or three nearer periods of one year,
next preceding such investment.
"(c) First or refunding mortgage bonds of any such electric railroad,
street railway, gas, electric-light or power company incorporated in any
of the United States, which are in operation and show substantial net earnings and which are guaranteed as to principal and interest or assumed by
another corporation whose bonds would be a legal investment under the
provisions of paragraph (b) of this clause.
"(d) First or refunding mortgage bonds of any such electric railroad or
street railway, incorporated in any of the United States, which are guaranteed OS to principal and interest, or assumed by a steam railroad or railroads whose bonds wduid be a legal investment under the provisions of
Class III of the classification of steam railroads herein.
"(e) First or refunding mortgage bonds or any such electric railroad,
street railway, gas, electric light or power company which has leased its
property to any other corporation whose bonds would be a legal investment
under the provisions of paragraph (b) of this clause; Provided, however, that
said lease shall extend for a term of at least ten years after the maturity
of said bonds at a rental at least equal to the fixed charges and taxes of the
lessor, including the interest on, and a sinking fund for,the bonds in question, or provides for the payment of said bonds at maturity, and shall require the operation and maintenance of the leased property; and provided.
further, that an authentic copy of such lease shall be filed in the office of
the Bank Commissioner, and such copy shall be preserved in his files during
the life of the bonds in question.
"(f) Equipment bonds or equipment notes issued by any such electric
railroad or street railway which are secured by a first lien on the equipment
against the purchase of which said bonds or notes were issued at not exceeding eighty per centum of the purchase price thereof; Provided, the indenture
under which said lien is established contains adequate requirements for the
maintenance of the property pledged and provides that an equal amount
of such bonds or notes shall be paid annually until all are retired, without
the release of the lien on any of such equipment.
"(g) Certificates of indebtedness, commonly termed 'receiver's certificates,' issued by a receiver of any such electric railroad, street railway, gas
electric light or power company under an authorization of the court or
courts having jurisdiction over such receiver.
"(h) First mortgage bonds of any electric railroad, street railway. gas,
electric light or power company, described in paragraph (b) of this clause,
which is incorporated in the Dominion of Canada, and whose property is
located principally in said Dominion; Provided, that such bonds conform in
all other respects to the provisions of paragraph (b). (c), (d). (e) or (f)
of this clause.
"(1) Bonds of any corporation which owns more than ninety per centum
of the capital stock and of the outstanding bonds of any electric railroad or
street railway company,incorporated in this State, the railway of which is
located wholly or in part therein, secured by the deposit in trust of the said
stock and bonds as collateral, and which corporation has paid, in each fiscal
year for the five years last preceding such investment, dividends of not less
than four per centum per annum upon all its outstanding capital stock; or
the bonds of any such electric railroad or street railway company which
are secured by mortgage on its property and are guaranteed as to principal
and interest by any such corporation.

42

RHODE ISLAND-CITIES AND TOWNS.

"(j) First mortgage bonds of any company incorporated in this State
for the purpose of supplying water for domestic and other purposes; Protrided, that such company has an exclusive franchise to serve a population
of not less than ten thousand in this State, which franchise extends at least
five years beyond the life of the bonds in question, and that said bonds
are secured by a mortgage of the property, rights and franchises of such
company.
(k) Notes, warrants and obligations, running for a period of not exceeding ten years from date of issue, of any electric railroad, street railway, gas
and electric light or power company such as is described in paragraph (b)of
this clause, and which has earned and paid dividends at the rate of not less
than 4% per annum on all its outstanding stock for a term of not less than
five years next prior to the date of issue; and in the notes, warrants and obligations, running for a period of not exceeding ten years from date of issue,
of any such corporation which are secured by the deposit of collateral
security having value in excess of the amount loaned of not less than 20%•
"Bonds of Telephone Companies.-Clause VI. In the bonds of any
telephone company incorporated in any of the United States whose property
is located chiefly in the United States; Provided, that such telephone company has met the following requirements during each of its five fiscal years
next preceding such investment, viz.:
"(a) That the average gross income of such telephone company shall
have been not less than ten million dollars per annum.
"(b) That such telephone company shall have paid the matured principal and interest of all its indebtedness.
"(c) That such telephone company shall have earned and paid cash
dividends on all its outstanding issues of stock at the rate of not lees than
six per centum per annum, and that the amount of such cash dividends
shall have exceeded the sum required to pay the interest upon its entire
outstanding indebtedness, including the bond issue in question.
"And provided,further, that such bonds shall be secured either:
"(1) By a first mortgage covering at least seventy-five per centum of the
property of such company, including its franchises and other similar rights
and privileges, and limiting the amount of the bonds issuable thereunder
to seventy-five per centum of the value of the property mortgaged, excluding any valuation of said franchises, rights and privileges, or
"(2) By the deposit with a trust company of bonds and shares of stock
of other telephone corporations, under an indenture of trust which limits
the amount of bonds so secured to seventy-five per cent of the value of the
securities deposited as stated and determined in said indenture, and provided that during each of the five years next preceding such investment
the annual interest and dividends paid in cash on the securities deposited
have amounted to not less than fifty per cent in excess of the annual interest
on the bonds outstanding and secured by said deposit.
"A true copy of the mortgage or indenture of trust securing said bonds
shall be filed in the office of the Bank Commissioner and shall be preserved
during the life of said bonds.
"The aggregate investment of such deposits and income by any bank,
savings bank or trust company in the bonds of any one such telephone
company at par value shall not exceed two per centum of said deposits
held by it."
Under Clause VII a bank may invest in the capital stock of any bank or
trust company incorporated under the laws of any of the New England
States, or New York State, or of any national banking association doing
business in said States. Holdings both by investment and as security for
loans are limited to not more than 25% of a bank's deposits. No more
than 3% of the deposits shall be invested in the stock of any one such
corporation, nor shall such corporation hold, both by investment and as
security for loans, more than one quarter of the capital stock of any one
such bank, trust company or national banking association.
Clause VIII concerns limit of deposits in any one bank. Clauses IX,
X. XI and XIII concern real estate loans and personal securities. The
full text of these sections will be found in the "Chronicle" of May 20 1911.
page 1388.
Clause Xi/ permits investment in the note or notes of a gas, water,
electric light or power,telephone, electric railroad or street railway company
incorporated, or doing business, in this State, which has paid dividends of
at least 4% in each fiscal year upon all its issues of capital Stock for 5 years
next preceding the date of such investment; Provided, the principal of said
note or notes matures at a time not exceeding 3 years from the date of
investment therein; and provided,further, that said note or notes shall mature at least 5 years before the expiration of the principal franchise or
franchises under which said gas, electric light or power, telephone, electric
railroad or street railway company are operated; and provided,further, that
the aggregate amount so invested by any bank, savings bank or trust company in the note or notes of any such corporation, together with the bonds
and other securities of such corporation held, shall not exceed 2% of said
deposits held by it.
Securities taken in settlement of debt may be held under Clause XIV,but
the non-legal securities so obtained shall be sold within five years after
being acquired, unless the time is extended.
"General Provisions.-Clause XV. (a) Securities acquired after the
passage of this Act, which were legal investments when acquired, need not
be disposed of if it happens afterwards that the net income of the corporation issuing such securities shall fall below the limit fixed by this Act, or,
in the case of a city, county, town or district, if the debt limit is exceeded,
unless, in the judgment of the Commissioner, it is hazardous to retain the
same, in which case said Commissioner may give directions in writing requiring the disposal of such securities, and when such directions are given,
such securities shall be disposed of within one year from the date of such notice, unless an extension of time is granted by said Commissioner.
"(b) Bonds which are legal investments under the foregoing provisions
of this chapter and are secured by a mortgage which provides for payments
to a sinking fund shall cease to be legal investments if the corporation issuing
such bonds shall at any time fail to make such payments. And such bonds
shall not be legal investments under the provisions of this section so long
as any such payment Is in arrears and unpaid.
"(c) If a corporation is formed by a consolidation or merger of two or
more corporations, and it is desired to ascertain the legality of the bonds
ot the successor corporation for investment of savings deposits, the earnings
and income of the several predecessor and constituent corporations shall be
consolidated, and the aggregate corporate income so ascertained shall be
regarded as that of one and the same continuous corporation represented
by the successor corporation; or, if a corporation shall acquire by purchase
the property and franchises of another corporation, and a bond issue is
made for the financing of the transaction, the legality of the bonds so issued
with the other bonds of the purchasing corporation shall be ascertained by
the same process as in the case of a consolidation or merger above provided, subject to the rules applying to the several classes of corporations
described under the preceding clauses of this chapter.
"(d) If the net earnings and income of any corporation whose bonds
have been a legal investment under the provisions of this chapter shall fall
eomewhat below the requirements of this chapter for a period of not exceeding two successive fiscal years, and in the following year such earnings
and income shall be restored to tee required amount,said corporation, after
such restoration of income, shall be regarded as having complied with said
requirements during said period, but during the period of failure to earn
the required amount no investment shall be made in the bonds of a corporation so situated.
"(e) Serial maturities of bonds shall be considered equivalent to sinking fund provisions.
"Of the Segregation of Assets.-Clause XVI. (a) Every bank or trust
company which maintains a savings or participation department, or solicits
or receives deposits as savings or on participation, shall invest all deposits
therein, or so received, according to the requirements of this chapter, and
such deposits, invested or uninvested, shall be set apart for the exclusive
protection of the deposits in said savings or participation department, and
shall not be liable for, or be used to pay, any other obligation or liability
of such bank or trust company until after the payment of all the deposits
in said savings or participation department.
"(b) The foregoing provision as to the character of the investment of savings or participation deposits shall not render illegal any investments of such
deposits made prior to May 26 1908, nor compel the change of such investments for those prescribed by this chapter,except as hereinafter provided.
"(c) If any bank or trust company shall continue to hold such investments of non-legal character made prior to May 26 1908 which, in the
opinion of the Bank Commissioner, are hazardous and unsafe for the investment of savings deposits, said Commissioner may, by giving notice in
writing, require such bank or trust company to dispose of such investments,
to substitute other investments of a character in conformity with the requirements of this chapter within one year from the date of receipt of such
notice, and said bank or trust company shall make such disposal or substitution in accordance with such requirement; but if it shall appear on written
request elf such bank or trust company that additional time is reasonably
necessary in which to make such disposal or substitution in order to avoid




[VoL. 106.

unnecessary sacrifice, said Commissioner may grant a reasonable extension
of time for the compliance herewith.
"(d) If any investment of the savings or participation department of
any bank or trust company, which has been set apart as provided in (a)
of this clause, shall be in default in payment of either principal or interest,
such investment shall promptly be reduced in its book value approximately
to the market value of the same.
"(e) The uninvested funds of the savings or participation department
of any such bank or trust company shall be kept in a distinct deposit account or accounts or demand certificates of deposit in such manner that the
same can be readily identified as clearly belonging to the segregated assets
of such savings or participation deposits.
"(f) Every bank or trust company shall keep an accurate account
wherein shall appear a complete list of the assets set apart for the exclusive protection of savings or participation deposits held by it, showing the
par value, book value, and, periodically,as often as a report is made to the
Bank Commissioner shall enter in such account the fair market value of
each of the investments of said assets.
"(g) The Bank Commissioner in requiring the substitution of investments under the provisions of (c) of this clause shall not require changes or
substitutions aggregating in any one year more than two per centum of
the savings or participation deposits of any such trust company at the
time of the passage of this Act.
"Of Savings Bank Investments Made Before the Passage of This
Act.-Clause XVII. (a) The provisions of this chapter shall not render
illegal any investments held by any savings bank prior to May 26 1908,
nor require the change of any such investment for those herein prescribed
for the investment of savings deposits; Provided, however, if any savings
bank shall hold any such investment or investments which are In default in
the payment of interest or dividends thereon, or which, at any time, in the
opinion of the Bank Commissioner, are hazardous or unsafe for the investment of savings deposits, the Bank Commissioner may by notice in writing
require such savings bank to dispose of such investments; and such savings
bank within one year from the receipt of such notice, unless such time shall
be extended by the Commissioner, shall dispose of the same; Provided,
further, said Commissioner shall not require the disposal of investments
aggregating in value in any one year more than two per centum of the
amount of the deposits of such savings bank.
"Defaulted Bonds.-Clause XVIII. If any bonds held by any savings
bank shall be in default either in principal or interest, such investment shall
promptly be reduced in its book value approximately to the market value
of the same."
Clause XIX relates to "loans to officers of savings banks."
Clause XX provides that bonds bought below par shall be entered on the
books and returns of the corporation holding the same at the actual cost
price thereof, and the discounts in the price thereof may, by an equal
annual amortization, be extinguished so as to gradually bring the book value
thereof to par at maturity.
Under Clause XXI it shall not be lawful for any savings bank to borrow
money for the purpose of investing or loaning the same, but this shall not
be so construed as to prevent any savings bank from borrowing for the
purpose of meeting a run or unusual withdrawals by its depositors, and in
no case shall such borrowing exceed 10% of the deposits of any such savings bank, and the provisions of Clause XXII of this section shall constitute
a further exception to such prohibition against borrowing. The note or
notes given may be issued either on the general credit of the corporation
or on pledge of securities owned, and shall be made only upon authority
granted by vote of the board ess trustees, or of the investment committee
if specifically authorized so to do, and shall contain a reference tp the
minutes of the meeting at which the authority to borrow was voted. All
such notes shall be executed in the name of the corporation by its Treasurer
and shall bear the corporate seal of the corporation, and shall be countersigned by the President or Vice-President and two members of the investment committee. No general authority to borrow shall be voted by the
trustees or the investment committee, but all borrowings shall be only upon
a specific vote relating to the note to be issued. In event of such borrowing, such savings bank shall not make any new investment or loan until
the note or notes given are all paid."
Clause XXII. It shall be lawful for any savings bank to borrow money
for the purpose of purchasing bonds or other evidence of indebtedness of
the United States, issued on or after the first day of April 1918, provided
that in no case shall the aggregate amount of the sum so borrowed exceed
10% of the amount of the deposits of any such savings bank. The note
or notes given in payment therefor shall be made only upon authority
granted by vote of the board of trustees, or of the investment committee
if specifically authorized so to do, and shall contain a reference to the
minutes of the meeting at which the authority to borrow was voted. All
such notes shall be executed in the name of the corporation by its Treasurer,
shall bear the corporate seal of the corporation and shall be countersigned
by the President or Vice-President and two members of the investment
committee. No general authirity to borrow shall be voted by the trustees
or the investment committee, Wit all borrowing shall be upon only a specific ,
vote relating to the note to be issued.
CITIES. COUNTIES AND TOWNS IN

STATE OF RHODE ISLAND.
BARRINGTON.
Refunding Bonds.
A town in Bristol County. Incor- 4s g '08 F-A$200,0000_Aug 1 '28-'47
porated in 1770. Population 1915,
Funding Bonds.
2,982.
1$11,000c___Apr 1 1919
15,000c___Apr 1 1920
TOTAL DEBT Apr 1 1918 $62,000
Assess, val. real
54,000c_Apr 1 '21-'26
3,250,575
Assess. val. personal
19,000c__-Apr 1 1927
799,000
Assess. val. intangibles_ _ _ _1,319,500
39,000c_ _Apr 1 '28-'30
Total val. 1917
5,369,075 4s g '17 A-0 168,000c_ Apr 1 '31-'38
Exemptions 1916
20.000c___Apr 1 1939
21,200
Net assess. val. 1916
57,000c.._Apr 1 '40-'42
5.347,875
18,000c__ Apr 1 1943
19,000c__ _Apr 1 1944
BRISTOL.
This town is in Bristol Co. Incorp.
40,000c_ -Apr 1 '45-'46
10,000c__ _Apr 1 1947
in 1746. Pop'n 1915, 10,302.
48,000c- Apr 1 '48-53
Sewer Bonds.
33-is g M-S 355,0000.....Sept 1 1930
9,000c_ _ -Apr 1 1954
M-S 40,000c ........1932
8,000c_ _Apr 1 '55-'56
4s
BOND.DE T Apr 5 1918 $933.000
Refunding Bonds.
34s
M-S$100,000c.--Seot 1 1930 Note debt
200,000
BOND. DEBT Apr 12 '17_ $195,000 Assess. val. real
10,235,431
Floating debt Sr note debt_
14,050 Assess. val. personal
3,904,276
Sinking fund
60,000 Total val.'17(4-5 act.)_ -14,139,707
Assess. val. '16 (abt. act.)-7,990,033 Tax rate (per 31,000) 1917-- _$17.50
Town tax (per $1,000) 1916..$16.40 Value of city owned prep..--$978,994
INT. at Industrial Tr. Co.. Prov. Popul'n 1910, 22,754: 1915. 23,708
INT. at Industrial Trust Co.,
BITRRILLVILLE.
Providence, and at First National
This town is situated in Providence Bank, Boston.
Co. Inc. 1806. Pop'n 1915, 8,086.
Funding Bonds.
3 g'99 M-S 360,0000._ _Sept 1 1939 CRANSTON.
This city is in Providence Co. Inc.
Highway improvement Bonds.
45 g '97 J-J $10,000o4ar Jan 1'18-'22 1754. Population 1915, 26,940.
(Part due every five years)
Highway and Bridge Bonds.
3 Ag'02 IL-S $40,000o.... Aug 1 1942 4313'15 M-S $50,000___Sept 15 1925
BOND.DEBT Jan. 31 '17_ $110,000 4s '16 J-D 45,000c June 15'18-'26
Floating debt
School-House Bonds.
5,100
General sinking fund
27,065 48 g '15 M-S 325,000-Sept 15 1935
Cash on hand
15,486 4s '16 J-D 28,000c Juno 15'18-31
Unpaid taxes
19,347 4s'16 J-D 513,500c Juno 15 '18-'26
Assessed val'n, real estate_3,456,275
1 5.000c_ _June 15 1930
Assessed val'n, personal_ _ _1,060.800
Gold Bonds.
Total valuation 1916_
J-J $300,000c&rJuly 1 '22-37
-4,517,075 4s g
Tax rate (per $1,000) 1916-$13.00 4s g '94 F-A 135,000o&r_Aug 1 1929
INT. at Industrial Ti'. Co.. Prov. 4s g '95 F-A 100,000odcrAug 15 1625
3 As'99 M-N 50,000cSor_Nov 1 1939
4s g '05 J-J
50,0000&r_Jan 1 1945
CENTRAL PALLS.
This city, incorp. in 1895, assumed 4s g '07 M-N 100,0000&r_May 1 1947
the debt of the old fire district (which TOT.BD.DT. May 1 '17__$910,000
is now a part of the city), and a part Bonds outside of debt limitations:
of the debt of the town of Lincoln.
Highway and Bridge_ _ _ _3100,000
Fire District Bonds.
High school addition..__ 30,000
4 As g'94M-N 14.000o_May 15 1919 Sinking fund Apr 14 '17____ 323,134
City Bonds.
Cash on hand
7,432
4s g '96 J-D $90.000c_Deo 1 '18-'26 NOTE DEBT
407.000
Bridge Bonds.
Assess. val.'16 (abt. act.) 23,643,340
4s '04 F-A$100.000c_Aug 1921-30 ax rate (per 31,000) 1914_ ___$13.00

JUNE, 1918.]

RHODE ISLAND-CITIES AND TOWNS.

Park loans due 1922; highway due
Street Improvement Bonds.
4s g '94 J-J 258,000c__ _July 1 1934 1930, 1944. 1945 and 1936; public im4s g '05 M-N210.000c___Nov 1 1935 prov't 1929; school 1927; sewer 1921
3 isg'99A-0 $100,000r__Apr 1 1939 to 1923, 1925 to 1930, 1936 and 1944
and 1947; water 1923, 1927, 1930 and
Highway and Bridge Bonds.
4 4e'10 J4 $125,000o&r July 1 1950 1956; harbor 1945 and bridge loan at
40,000c&r_Dec 1 1952 Nat. City Bank, N. Y., and at the
434g'12
434g'14 J-D 78,000c&r3'ne 1 '19-44 City Treasury in Providence; on
43ig'14 J-D 52,000c&r.rne 1 '19-44 Johnston School bonds at Industrial
4Msg'15F-A 108,750c&r 1918-1920 Trust Co. in Providence; on all other
loans at City Treasury.
Police Station Bonds.
4s '15F-A $28.000c&rAug 1 '18-'45
TOT. DEBT,SINKING FUNDS,
Fire-Station Bonds.
ETC.Mar. 31 1918.
4s g '05 M-N $21,000o_Nov 1 1930 Bonded debt (incl. water
35,000e&r_Dec 1 1937
4
debt)
$22,998,000
3,000c&rAug 1 '18-'20 Floating debt
434sg'15F-A
1,643.854
4Ksg'15F-A 15,000e&rAug 1 '18-'20
Total
debt
Public Park Bonds.
17
4
10%
685
46:85
4346 g'10J4 $40,000o___July 1 1950 Sinking funds, &o__ _32
10,000c&r_Dec 1 1952
4 g'12
Net debt
4 g'16M-N 39,000c&rMay 1 '18-'56 Water debt (incl. above).$
12
43
?93
62
1:
0
000
37
The notes outstanding on Mar.31
Water Bonds.
4s '89 J-J $400,000o___July 1 1919 1918 representing the floating debt
3346 g'00A-0 37,000r___Apr 1 1930 were issued for and are chargeable
4s g '94 J4 70,0000_ _July 1 1934 to the following accounts:
4s g '97 M-N 100,000c&r.May
1 1937 Receiving tomb, North Bur45 g '04 M-N 100,000o__.May 1 1929
ial Ground
$1,000
$70,000c&r_July 1 1918 School housesand lots
202,000
4s g '08 J-J
70,000c&r_July 1 1923 Public playground
37.000
70,000c&r_July 1 1928 Highways,special
9800
497:0000
70.000c&r_July 1 1933 Public comfort station
85,000c&r_July 1 1938 Olneyville grade crossing
58,000
25,000c&r_July 1 1920 Public bath houses
53,279
4346g'10.14 25,000c&r-July 1 1925 Dexter Asylum, loan account 32.500
25,000c&r_July 1 1930 Harbor improvement
25,000c&r_July 1 1935 Police loan account
43g'12 J-D 175,000c&r Decl'17-'37 Sewer construction
12
20
5
7,00
500°
1
($35000 due every 5 years.)
Fire loan account
56,575
43%s g J-D 84,000__June 1 '19239 Emergency loan account_ __ _ 20,000
43is g J-D 63,000__June 1 '19-'39
4 Xs g M-N115.000__May 1 '19.-41
Total
$1,648,854
WATER WORKS.-The waterRecapit'n of Debt Jan. 1 1918.
General debt
works
construction
account to Oct. 1
$4,735,000
Sewer debt
1,094,000 1917 amounted to $7,071.283.41. In
Water debt
1,586,000 year 1916-17 Income from water
rents, &c., was $894.422.35; cost of
Total bonded debt
$7,415,000 maintenance and interest on water
Floating debt
262,000 loans, $415,598.16; transfer to depreciation and extension fund, $141.Total debt
$7.677,000 026.37: surplus, $337.829,32. The
Less Sinking Fundstotal value of city property In 1917
General
was as follows: Real estate (including
1,089,489
Sewer
water works valued at $4,932,466.19).
360,021
Water
660,490 2,110,000 $19.163,681.19; personal property.
$999,726.83. Trust funds were
NET DEBT Jan 1 1918_$5,567,000 valued at $631,536.69.
Assessed valuation, real_ _50.549,220
ASSESSED VALUATIONAssessed val.. personal_ __13,853,960
1917.
1916.
Personal prop.(intangible) '2.628.513 Real est_$231,868,240
$219,860,060
Total valuation 1917
67,031,693 Personal_ 156,864,060 *143,227,640
(Assessment fair cash value.)
Total_ ___ 388,732,300 363,087 700
Tax rate (per $1,000) 1917_ _317.50 Tax
p. M.
$1.50
$18.50
Popula'n 1910, 51.622; 1915. 55.335 Amount
INT. at First Nat. Bank, of Bost.
of tax.. $5,854,471
$5,219,348
* Includes $92,212,160 intangible
PROVIDENCE, W. L. Clarke, Tr. pro8erty. which is taxed at $4 per
The city is situated in Providence
County, which has no debt. On
POPULATION.-In 1915 was
June 1 1898 a portion of the town of 247.660; in 1910 it was 224,326.
Johnston, representing about fivesevenths of the assessed valuation, SOUTH KINGSTOWN.
was annexed to the city of ProThis town (P. 0. Wakefield) is in
vidence, and the latter assumes Washington County. Inc. Feb. 26
$255,720.64 of the net debt of the 1722. Pop. 1915, 5,497.
old town of Johnston. City was
Improvement Bonds.
incorporated 1832. None of the 4s '92 J-D $19,400r_Deo 15 '18-'21
city's bonds is tax-exempt.
(35.000 In even & $6,000 in odd yrs.)
Harbor Bonds.
Funding Bonds.
4s g '15 J-J $500.000c&r_Jan 1 1945 4s '12 J-D $87,000cJune 15'18-'33
4s g '16 J-J 1250,000c&r_Jan 1 1946 BOND. DEBT Apr 20 '17- $122,000
School Loan.
Floating debt
50,000
45 g '95 If-N $300,000r_ May 1 1925 Total valuation 1915
7.134,965
4s g '97 A-0 500,000o&r.Apr 1 1927
(Assessment fair cash value.)
3346g'99M-N 350.000r-May 1 1929 Total tax (per ;1,000) 1917- __$11.10
3346g'04M-N 300.000r___Nov 1 1934
INT. at R. I. Hosp. Tr. Co. or at
34sg'06J-D 300,000r___June 1 1936 Town Treasurer's office.
3%sg'07M-N300,000r___May 1 1937
3346Er09M-N300,000___May 1 1939 TIVERTON.
48 g 13 M-N300,000r.___Nov 1 1943
This town is in Newport County.
4s g '16 J-J 500,000c&r_Jan 1 1946
Refunding Bonds.
4s g '17 J-J 500.000c&r..Jan 1 1947 4s '12 M-9 S55.000c_Sept 1 '18-'42
Fire and Police Loan.
BOND. DEBT Mar 1 '18.. $55,000
3 Xsg'02M-N $258,000r_ _Nov 1 1932 Notes outstanding
43,500
Bridge Loan.
Other liabilities
4,827
3 Hsg'04M-N $200,000r-Nov 1 1934 Cash on hand
7,515
Sewer Loan.
Assess. val. real estate....._3,914,069
4s g '91 34$1,125,000o&rjuly 1 1921 Assess. val. personal
693,265
4s g '92 M-S 500,000c&r.Mch 1 1922 Total assess. val. 1917.... 4,607,334
48 g '93 A-0 500,000o&r.Apr 1 1923 Total tax rate (per $1,000)'17 $12.00
4s g '95 M-N 800.000o&r.May 1 1925 Population in 1915
4.409
4s g '96 J-D 500.000o&r.June 1 1926
INT. at Massssoit-Pocasset Nat.
45 g '97 A-0 50.000o&r.Apr 1 1927 Bk.. Fall River, or Town Treas.
3346g'98A-0 200,000o&r.Apr 1 1928
38 g '99 Al-N 250,000o&r.May 1 1929 WARREN.
3s g '00 M-N 300,000o....May 1 1930
This town is in Bristol County.
38 g '01 M-N 300,000r.... May 1 1931 Incorporated in 1747.
3 4sg'03M-N 500,000r_ _Nov 2 1033
Sewer Bonds.
3 34sg'04M-N 200,000r__Nov 1 1934 48 g '16 J4 $120.000c_July 1 '18-'41
48 g '06 M-N 350.000o___Nov 1 1936
Refunding Bonds.
3345g'10M-N 400,000r._May 1 1940 43 g
A-0 $20.000c_Oct 1 '18-'22
33isg'11M-N 500,000r___Nov 1 1941
School Bonds.
4s g •14 M-N375,000____May 1 1944 46 g
F-A $48,000c_Feb 1 '19-'36
4sg'17 M-N300,000c&r.Nov 1 1947 BOND. DEBT Apr 5'18_ $188,000
Assessed valuation, reaL_ -4.570,925
Hospital Bonds.
3 i_sg•10M-N $375,000r_ _May 1 1940 Assessed val'n, personal___2,088.175
Park Loan.
Assess. val. intangible prop. 675.450
48 g '92 M-S $500,000o&r.Moh 1 1922 Total valuation 1917
7,334,550
334sg'97M-N 674,000r___May 1 1947 (Assessment at 70 to 80% act. value.)
4s g '08 M-N 260.000r___May 1 193R Tax rate (per real estate__$15.60
4sg'17
300,000__ _Nov 1 1947
$1.0)
00 1917 Intang. prop_ 4.00
Public improvement.
Population 191
7.241
3346g'97M-N $640,000r__May 1 1937
INT. payable at Old Colony Trust
35 g '99 M-N 84.0000...._May 1 1929 Co., Boston.
4s g '08 M-N 295.000r.._..May 1 1938
4s g '17 J4 322.000c&r_Jan 1 1947 WARWICK.
This town Is in Kent County.
Weybosset Bridge Loan.
3355'99M-N $270,000o&r.May 1 1929 Patent granted and signed by the
Earl of Warwick March 14 1643.
Water Loan.
4s g '93 A-0$638,000o&r.Apr 1 1923 Town divided Nov.4 1913; now War41 g '97 A-0165,000o&r Apr 1 1927 wick and West Warwick. The 34.
4s '16 J41,000.000c&r_July 1 1956 below were issued prior to the division. The 430 were issued in June
Refunding Water Loan.
3sg'00M-N$1,115.000o&rMay-1 1930 1914 to take up portion of indebedness of old town of Warwick
Highway Loan.
48 g '94 M-N $1,200,000r.May 1 1924 3 3.46 g 34*$251.000c___Jan 1 1932
38 g '00 M-N 300,000o&r.May 1 1930 434g'14 J-J 350.000o ___July 1 1944
4s g '06 M-N 300,000o&r.Nov 1 1036
School Bends.
45 g '14 M-N 700,000r-May 1 1944 434s'16 J4 $25,000c_July 1 '18-'21
4s g '15 J4 1500,000c&r_Jan 1 1945
70,000c_July 1 '22-'31
46 g '16 J-J 300,000c&r_Jan 1 1946 BOND. DEBT Apr 1 '18- 3695.000
JOHNSTON BONDS (Annexed). Sinking funds
123,350
Assessed valuation, real_ _12.778,569
School District No. 1.
48 '97 111-N $17.000o__Nov 1 1927 Assessed val'n, personal.._ 5.933,893
Total val 1917(% actual).18,712,461
School District No. 16.
4s '94 A-0 $30;0000_ _Oct 1 1924 Total tax rate (per $1,000)'17.314.00
Population in 1915
INTEREST payable- as follows:
13,302

NEWPORT.
CRANSTON (Concluded).Newport is in Newport County.
INT.on bonds of 1915 at First Nat
Bank, Boston, or Rhode Island Hos- Settled in 1639; inc. 1'784; re-chartpital Trust, Providence; other int. ered in 1853. Pop'n '15, 30,472.
Third Street [mot. Bonds.
payable at City Treasurer's office.
_s '14 ___ $21,000
Juno 1924
_s '15 __- 18,000_Aug 15 '19-'20
CUMBERLAND.
Police-Station Bonds.
This town (P. 0. Valley Falls) is
in Providence County. Population 40'13 M-N$50,000__Nov 15'19-27
Street Bonds.
1915. 9,929.
4s '16 M-N$20,000-Nov 1 '18-'21
Bridge Bonds (exempt).
City Hall and impt. Bonds.
4s '16 J4 $32,000c_July“ 18-'33
1,000c___July 1 1934 45 g'98 M-N $153,000c__May 15 1948
BOND. DEBT Apr 1917_ $175,000 4s g '00 J4 18,000c_July 25 1930
Industrial School and Consol.
100,000
Floating debt Oct 1 1916_
Assess. val.'16 (75% act.) 10,133,306 46 '93 M-N $146,000c _May 15 1923
Tax rate (per $1,000) 1916___411.00 3 Asg'00 M-N 15,000c_ _Nov 151930
Fire Dept. Bonds.
INT. at Old Colony Tr. Co., Bost. 4340'15
_-- $36.000-Aug 15 '18-'29
Public Improvements.
EAST PROVIDENCE.
$100.000c___May 1 1925
g'95
M-N
48
This town is in Providence County.
House.
/ncorp.March 1 1862. School bonds 45School
g '98 J-J $40,000c__Jan 1 1928
below are excluded in ascertaining 354s'04
J-D 150.000c__ _June 1 1954
borrowing capacity.
4s '08 J4 21.0000_July 1 '18-'38
4s '11 J-J $75.000c___July 1 1951 430'14
M-9 105,000c..Mar 2 '19-'39
Highway Bonds.
Beach !mot. Bonds.
43ig'15 M-9 $32.000c_ __Mar 1 1935 4s Easton
g '12 M-N $10,000c_May 1 '19-'22
Funding Bonds.
3,000c_ _ _Fob 1 1919
1941 4s
43.0'16
$75,000
'13 --- {I 6,000c_Feb 1 '20-'22
Town__Bonds.
1.000c___Feb 1 1923
1918
45 '88 M-S $,5000c
Broadway mpt. Bonds.
4s g '93 J4 25,000o__ _July 1 1923
15'18-'19
45 g '93 J4 120,000o_July 1 '33&'43 4s'15 --- 1$14,000_Aug
1 4,000Aug 15 1920
48 '97 J-D 100,000c..3'ne 15'22&47
Park
Bonds.
4s g '08 J-J 200.0000___Jan 1 1958 48 g '97 F-A $40,000c_Feb 15 1927
School Bonds.
Field Bonds.
45 '08 J-J $76,0000 __July 1 1948 4s Athletic
'13 M-9 $15,006.Mar 16 '19-'23
43s'11 J-J 80,000c ___July 1 1951
Street Improvement.
18.000___ July 1 1953 4s Sewer and$70,000c__Apr
4348'13 J-J
'91 A-0
15 1921
BOND. DEBT May 10-'184632.000
Sidewalk
Bonds.
90,200
Sinking fund
13,209,669 48 g '99 F-A 50,000c. Aug 1 1929
Assess. val.J Real
Sidewalk & Paving Bonds.
'Personal_ 3.258,085
1917
1 '18-'25
act.)_-_ _16,467,754 4s '16 F-AJ$32,006._Aug
Tot. val. (abt.
1 2,500____Aug 1 1926
Town tax (per $1,000) 1917_415.00
Permanent
Bonds.
'must.
Pop'n, 1915, 18,584; 1918(ost),20,000
3346 g '00 J4 50,000c_ _July 25 1930
INT. payable at the Rhode Island 43.sg 17M-9 30,000c_Sept 1 '18-29
Hospital Trust Co., Providence, and
3,000c_ __Sept 1 1930
City Trust Co., Boston.
Road Bonds.
4Msg'17M-9 $35,000c_Sept 1 '18-'24
EAST PROVIDENCE FIRE DIST.
Land Bonds.
4 4s g J4
$50,000o_- _July 1 1922 5s '18 J-D $50,000__June 1 '19-28
4 Ms g J4 100,000_ _July 1 1932 TOT. BD. DT. May 1 '18 31,322,000
BOND. DEBT Oct 7 '1-6_ -4185.000 Floating debt (notes)__ _ _
39,000
419,978
INT. at Industrial Tr. Co, Prov Sinking fund
44,470,300
Real
Assess.
val.
'17j
the
issued
bonds,
by
while
The above
(90% act.) 1Personal _23,459.200
district, have been assumed by the
Total
67,929,500
E.Prov. Water Co.,which purchased
the system some years ago. Al- Tax rate (per *1,000) 1916-___$16.00
though thus assumed, the district
INT. at Newport except on Indushas not been relieved of the respon- trial School Loan, which is payable at
sibility of their payment.
Old Colony Trust Co., Boston.
JAMESTOWN.
NEW SHOREHAM.
This town is in Newport County.
A town in Newport County. PopRefunding Bonds.
ulation 1915, 1,414.
43ig'15 J-D$10,000c__Doe 1 '18-'27 BOND. DEBT May 1 '16.. $150,500
36,000c_Dec 1 '28-'45 Note debt
36,600
BOND.DEBT Nov 14 '16_ $153,000 Floating debt
22,599
Sink. fd. & secured notes__ 136,260 Assessed valuation 1916_1,051,500
Assess. valuation 1916____3,313,132 Tax rate (per $1,000) 1916---$15.00
Tax rate (per $1.000) 1916--410.50
1,518 NORTH KINGSTOWN.
Population in 1915
INT. is payable in Boston.
This town Is In Washington County
Inc. Oct. 28 1674. Pop'n '15. 3.931.
JOHNSTON.
Funding Bonds.
This town Is In Providence County 4s '05 M-S $125,0000___Deo 1 1940
and was Incorporated Moh. 6 1759. BOND. DEBT May 13 '18 $125,000
On June 1 1898 a portion of this town, Floating debt
26,000
representing about five-sevenths of Sinking fund (Gen'i)
3.77322:810053
the assessed valuatlon, was annexed Assess. val. real
to the City of Providence. The com- Assess. val. personal
1,327,925
mission appointed to apportion the Total assessed val. 1917---5,100,730
debt to be assumed by the city of Tax rate (Per MOM 1917-411.00
Providence reported that the city's
INT. at Industrial Tr. Co., Prov.
share of the net debt is 4255,720.64,
leaving $101,677.48 as the town NORTH PROVIDENCE.
debt remaining. Bonds Numbers
This town is in Providence Co.
151 to 191 (all inclusive) remain as an Incorporated 1765. By a special
obligation of the town of Johnston. Act of the Legislature this town is
The bonds given below are those re- given authority to borrow up to 7%
maining as an obligation of the town of its assessed valuation.
after division. Chap. 882, Laws o.
Funding Bonds.
1912, increases the limit of debt 4e g '05 A-0 $65,0000_„Oct 1 1935
which may be incurred by this town 43s g J-J
44,300__July 1 '18-'42
(not counting temporary loans) to BOND. DEBT Mar 9 '18 $111,000
5,of the taxable property.
Floating debt
80,000
4 s'15
Sinking fund, &O19,901
School bonds 1915
$12,000 Assess. val. '17fReal estate4,167,685
Refunding Bonds.
1Personal __1,197,150
(X act.)
4s '08 J-J J$30,000o
_1918 .33'23 Total valuation 1917- _____5,364,835
1 40,000o-1
---928 & 1933 Total tax (per $1.000) 1917-$12.00
School Bonds.
Population 1910, 5,407; 1915. 6.780
4%8'17 M-N $7,500-__May 1 1932
INT. at Industrial Tr. Co.. Prey,
BOND. DEBT May 1915 $196,000
Notes outstanding
73,500 PAWTTICKET.
Sinking fund
25,662
This city is in Providence County.
Assess. val.'15(4 act.)3,652,015 Inc. Mar. 27 1885. Pop'n '15, 55.335
Town Tax (per $1,000) 1914_415.00
Grade-Crossing Abolition.
Population 1910, 5.935; 1915. 6,693 43ig'15 F-A$282,000c&rFeb 1 '19-'65
INTEREST payable by Rhode Isl- 4 Xg'16
48,000c&rMay 1'19-66
and Hospital Tr. Co., Providence,
General Funding Bonds.
and Nat. Shawmut Bank. Boston.
46 g '08 J-J $238,00000 July 1 1948
..i
200,000c&r_July 1 1950
4g'10 J-J
LINCOLN.
General Account Bonds.
This town is in Providence Co.
$49,000c___July 1 1910
Inc. 1871. Population 1915, 10,149. 45 '89 34 50.000c___July 1 1924
A-0$125.0000___Oot 15 1928
48 g
50,000c___July 1 1929
BOND. DEBT Apr 1 '18_ - $125,000
'96 J-J 237,000c ___July 1 1936
120,000 48 g
Floating debt
g '97 11-N 130,0000&r May 1 1937
100,607 3348g '02J-D
Sinking fund and cash
131,000r___June 1 1922
Assessed val. '17 Real ___4,789,877 48 g '04 M-N 490,000oMay-1 1944
80% actuai__1 Personal 1,352,945 43% g'16M-N145,000r_May 1 '19-'47
Total_ __6,142,822
Gen'i & Highway Acct. Bonds.
Tax rate (per $1,000) 1917_ --$13.00 4s g '03 A-0$552,000c_ _Apr 1 1923
INT. at Industrial Tr. do., Prov.
Sewer Bonds.
4s g '93 A-0$350,000o___Apr 1 1923
NARRAGANSETT.
3 Msg'00A-0 26.000r___Apr 1 1930
This place, located in Washington 48 g '04 J4 167,000o&r July 1 1934
Co., was incorp. ass town June 1001. 45 g '97 M-N 225,000o&r.May 11037
Highway Bonds.
46 g '04 M-N
1 1944
00'13 M-NS30,000__Nov 1 '18-'23 4s g '08 J4 35,000o___May
80,000car July 1 1948
General Bonds.
43-is g'10 J4 90,0008.kr July 1 1950
Aug
1029
15
$60,000e
4 s g 12 J-D 40.000c&r Dec 1 1952
Is K '99 J-J
improvement Bonds.
4 sg'16M-N78.0000ScrMay 1 '19-'44
48 g '88 M-N $72,000o_Aug 15 1919
Bridge Bonds.
TOTAL DEBT May 1916_ $205,759 48 g '04 M-N $25.000o___May 1 1934
Assess. val. (2-3 act.)'15-4,215,447 4 sg'15F-A 78,000c&r Febl'19-'44
Total tax (per $1,000) 1916.415.00
chool Bonds.
- 1,431 3346g'023-D $32,000r___June 1 1922
Population 1910, 1,250; 1915.
INT. on improvement bonds at 3 As g'99A-0 50,000o&r Apr 1 1939
J. P. Morgan & Co., N. Y.; on gen- 4s g '04 M-S 120,0000___Mch 1 1929
94.0000&rauly 1 1938
real bonds at Nat. Shawmut Bank, 4sg '08 J-J
Boston; on highway bonds at Old 434g'12 J-D 40,000c&r_Dec 1 1942
43 g'15P-A 190,000c&rAug 1'18-'55
Colony Trust Co.. Boston.
__$85,000




43

CONNECTICUT-DEBT OF STATE.

44

School Bonds.
48 g '03 M-N $97,000o___May 1 1923
00'15 J-D 150.000c___June 1 1945
Funding Bonds.
4$ g '94 A-0$256,000r_Apr 1 1924
4s g '97 M-N 238.000r___May 1 1927
4 5sg'07J-D 200,000o__ _June 1 1927
1933
4s '08 s-a 435.000o&r
4s '11 J-D 250,000o___June 1 1941
WESTERLY.
4 Ms'11 J-D 250,0000_ _June 1 1941
County.
This town is in Washington
430'14 M-N500,000____May 1 1944
Inc. 1669. Population 1915,10.17
4s '17 M-N500,000c___Apr 1 1947
Funding Bonds.
5s g '18 M-S 1340,000Mar 15 '19-38
g '09 J-D $100,000o_ _June 1 1939
. 1160,000_Mar 15 '39-48
Refunding Bonds.
Sewer Bonds.
Jan 2 1929
J-J $30,000o
43 g_
$47,000r_ _Aug 15 1921
F-A
'93
g
48
Water Loan.
_Feb 15 1921
M-S$100,000r-__Sept 1 1927 4s g '97 F-A 32,000r_
4$
43,000r Aug 15 1925
-A
F
'97
g
45
1929
1
33is g F-A 73,0000___Feb
15 1925
71,000r_Feb
33isg'01F-A
3 Msg'05M-S 65,000c___Mch 1 1930
81,000c_June 1 1924
BOND.DEBT Apr 9'18.. $368,000 45 g '04 J-D
1 1945
50.000e___June
J-D
438'15
357,334
Floating debt
238.000 4s '17 F-A 35,000__ Fob 15 1925
Water debt (included)
83,134
Water Bonds.
Total sinking fund
8,8S0,500 3 3.sg'01M-N8200,000r __May 1 1931
Assessed valua-1 Real
4s g '03 M-N 100,000o_ May 1 1923
tion
actual value.) 4s g '04 J-D 150,000o__June 1 1929
(Assessment about
Nov 1 1935
815.00 4s g '05 M-N 50,000o
Tax (per $1,000) 1916
INT. on funding 4s at Old Colony
Bonds.
Water
Refunding
bonds
coupon
other
Boston;
Co.,
Tr.
4s g '99 A-0$150,000r_ _Apr 1 1919
at U. S. Mtge. & Trust Co.. N. Y.
Refunding Bonds.
WEST WARWICK.
35sg'07J-D $200,0000_ _June 1 1927
This place (P. 0. Warwick) is in 4
BOND.DEBT Apr 5'17 $4,685,000
Kent County. Incorporated 1913. Floating debt
550.000
830 J-J $149,000c ____Jan 1 1932 Sinking fund
1,461.025
43ig'143-J 300,000July 1 1944
DEBT Apr 5 '18_ _ 3,253,032
BOND.DEBT Apr 1 1918 $449,000 NET
• 650,000
Water debt (Included)
77,639 Water
Sinking fund
sinking fund (inc.) 268,647
Assess. val. Dec. 15 '17 11,278,873 Sewer
359,000
debt (included)
1917-411.50
Tax rate (per $1,000)
219,408
fundi(inci.)_
15.782 Sewer sinking
Population in 1915
24,382,100
val.real est.
INT. in Prov. at R. I. Hosp. Tr. Assess.
-11.773,525
val'n,
personal_
Assessed
Co. and Union Tr. Co.
36,155.625
Total valuation 1917
(Assessment about fair cash value.)
WOONSOCKET.
on real
$1,000)
(per
rate
Tax
Woonsocket Is in Providence
estate and personal, 1917_817.00
County. Inc. town in 1867; city Val.
of city prop. 1917_ _ _ _2,917,700
June 13 1888. Pop'n 1915, 40,075.
INTEREST on coupon bonds is
City Hall Bonds.
g '03 M-N $100,0000_ May 1 1923 payable at First Nat. Bank, Boston.

WARWICK (Concluded).—
INT.—The 33s are payable prin.
& int. at Rhode Island Hospital &
Trust Co., Providence; the 4s at
First Nat. Bank, Boston.
* Part of an issue of $400,000, of
which $251,000 is assumed by Warwick and $149,000 by West W...mick

State of Connecticut.
ITS

DEBT, RESOURCES, dm.•
One of Original Thirteen
Admitted as a State
5.004
Total area of State (square miles)
Hartford
State Capital
Marcus H. Holcomb
Governor (term exp. Jan. 1919)
Secretary of State (term exp. Jan. 1919).. Frederick L. Perry
Treasurer (term exp. Jan. 1919)_ _Frederick S. Chamberlain
State Comptroller (term exp. Jan. 1919) ..Morris C. Webster
Attorney-General (term exp. Jan. 1919)_ _George E. Hinman
LEGISLATURE meets biennially in odd years on the Wednesday following the first Monday in January. A constitutional amendment adopted
In Oct. 1911 limits the length of each session to the first Wednesday after the
first Monday in June. V. 95, p. 1435.
HISTORY OF DEBT.—For early history of the Connecticut State debt
see "State and City Supplement" of April 1895, page 36. The 34%
bonds below, it is provided, "shall be exempt from taxation by or under
State or municipal authority." The 4s are also exempted from taxation,
but the Act provides that "this exemption shall not bo construed to apply
to corporations taxed under the provisions of Section 2331,General Statutes.
and amendments thereof." Connecticut's debt now is as follows:
Principal
—Interest
Rate. Payable. When Due. Outstand'g.
Name and Purpose.
1909 3% A-0 *April 1 1934 $3.000,000
State bonds
July 1 1936 9,535,000
J-J
1911 4
do
do
100
Oct. 1 1885
Ceased
1865
War loan
• Subject to call after April 1 1924.
are
checks
but
Conn..
Hartford,
in
INTEREST on all bonds is payable
mailed on request.
1114TOTAL DEBT, &c.— Oct. 1 '17. Oct. 1 1916. Oct. 1 1915. Oct. 1 1914.
Total bonded(debt
$12,535,100 $13,000,100 $13,064,100 $11,064,100
102,828
1,144,097
4,236,960
' *5,911,784
Civil list funds
507,552
x4,015,337
Sinking fund
Net bonded_debt____ $2,607,979 $8,255,588 $11,920,003 $10,961,272
x The General Assembly of 1915 enacted a law providing for a sinking
fund of $500,000 annually, to be taken from the State tax on the towns and
used in the purchase of State or municipal bonds. The bonds so purchased
are to be held and the proceeds, with the interest on the purchased bonds
are to be used for the redemption, at maturity, of all State bonds. Under
that law $1,000,000 has been collected and invested with the interest, so
that town and city securities of the par value of $1,004,500 are now in
the sinking fund. In addition to this, the sum of $2,679 85 of the interest
Is now invested. The 1917 General Assembly authorized the State Treasurer to transfer the sum of 33.000,000 from the Civil List Funds of the
State to the sinking fund.
ASSESSED VALUATION.—Assessed value believed to be fair value.
Tax valuation.
Tax valuation. Years.
Tax valuation. Years.
Years.
1916........$1,278,357,574 1911.—__$1,041,334,019 1900—__ $694,200,162
452,863,714
1915—__ 1,174,551,713 1910_--- 997,500,664 1895_-__
1914-- 1,105,081,413 1909-- 965,629,807 1888---- 354,557,515
712,519,166
1912__-- 1,102,990,545 1905.__
These valuations do not include steam or electric railroads, banks, insurance or investment companies and only a small portion of cash, bonds
or notes.
Under Chapter 106, as amended by Chapter 165, Laws of 1901, the State
collects the tax on every bank, national banking association, trust. Insurance, Investment and bridge company whose stook is not exempt from
taxation, and remits the amount so collected to the various city and town
treasurers. The value of such stooks was previously included in the grand
list of each town.
POPULATION OF STATE.—Population has been as follows:
261,942
309,978 1810
537,454 1840
1910_1,114,756 1870
251,002
297,675 1800
460,147 1830
1900-- 908,420 1860
237,946
275.248 1790
370.792 1820
1890-- 746,258 1850
1880--_ 622,700
DEBT LIMITATION.—The constitution of Connecticut contains but a
single provision restricting the debt-making power. The provision is
Article 25, adopted as an amendment in 1877, and is as follows:
No county, city, town, borough or other municipality shall ever subscribe, to the capital stock of any railroad corporation, or become the purchaser of the bonds, or make donation to, or loan its credit In aid of, any
such corporation; but nothing herein contained shall affect the validity of
ally bonds or debts incurred under existing laws, nor be construed to prohibit the General Assembly from authorizing any town or city to protect by
additional appropriations of money or credit any railroad debt contracted
prior to the adoption of this amendment. si




[VOL. 106.

The foregoing Is explicit and comprehensive, covering every municipality.
There were formerly no general restrictions upon the issue of bonds in
the statutes, such restrictions as were provided from time to time being
inserted in enabling Acts and in city charters. As to towns, indeed, Section 1931. Chapter 121. of the Revised Statutes of 1902 granted unlimited
power to issue bonds. The 1915 Legislature, however, by Chapter 318
passed an Act as comprehensive as it is simple. It is defined as "An Act
limiting the indebtedness which towns and municipal corporations may incur," and provides that: "No municipality or subdivision thereof shall incur any indebtedness,through the issue of bonds,in excess of five per contum
of its grand list, unless otherwise provided by special Act." V. 101. p. 2158.
TAX EXEMPTION.—A law was enacted by the 1917 Legislature,
exempting from taxation within the State all bonds, notes and other evidences of indebtedness issued after April 1 1917 by the U. S. Government,
and by any county,town,city, borough or other municipal taxing district in
this State. The full text of the new law was given in the "Chronicle" of
April 21 1917, page 1617.
SAVINGS BANK INVESTMENTS—PRIVILEGES AND RESTRIC
TIONS.—A complete revision of the law concerning investments by savings
banks was made by the 1913 Legislature, In 1915 the Legislature passed
an Act permitting savings banks to invest in bankers' acceptances. The
full text of this Act will be found in the "Chronicle" ofJuly 24 1915 page 257.
The 1917 Legislature amended the law permitting the investment in certain gas, electric-light and power company bonds, amended Section 27 so
as to provide for investments on unencumbered real estate in sections of
Rhode Island, Massachusetts and New York, that were not provided for
in the old law, and also made slight changes In Sections 23 and 25 which
provide for the investment by savings banks in mortgage bonds of any
water company and in bonds of any telephone company—V. 105, p. 304.
A digest (Sections 2, 3,4 and 5) of the law, governing investment in municipal obligations, is given below.
Sections 2 and 3 concern State loans and permit investment in bonds of
the District of Columbia and stock, bonds or interest-bearing obligations
of the United States or any State admitted to Statehood prior to Jan. 1
1896, which has not, within 10 years previous to such investment, defaulted
for more than 90 days in the payment of principal or interest; and in the
bonds or interest-bearing obligations of any State which at time of investment have been outstanding for at least 10 years, and which have been
issued (1) for the funding or settlement of any previous obligation of such
State theretofore in default, or (2) for the refunding of such funding or
settlement obligation of such State theretofore in default; provided there
has been no default on said funding or refunding bond since issuance.
Sec. 4. In obligations of any county, town, city, borough, school district, fire district or sewer district in this State.
Sec. 5. In stock or bonds of any incorporated city in a State admitted
to Statehood prior to Jan. 11896, incorporated as a city, under the same
or a different name, at least 25 years prior to making such investment, and
which has not less than 20,000 inhabitants; provided the bonded debt, including the Issue in which such investment is made, and its proportion,
based on the valuation of property therein for the assessment for taxation
next preceding such investment, of the county and town debt, after
deducting water debt and sinking funds available for other classes of bonds,
do not exceed 7% of the valuation of the taxable property, and provided
the city issuing such bonds, or the State in which it is located, has not defaulted for more than 90 days in the payment of any of its funded indebtedness or the interest thereon, within 15 years next preceding the purchase of
such bonds. The provisions of this section shall not authorize tnvostment
In any "special assessment" or "improvement" bonds, or other bonds or
obligations which are not the direct obligations of the city issuing the same,
and for which the faith and credit of the issuing city are not pledged.
Sections 6 to 22, inclusive, of the new law given in full below, regulate
Investment in securities of railroad corporations and street railways.
Sec. 6. In the bonds or interest-bearing obligations issued by a railroad
corporation organized under the laws of any of the New England States,
and owning in fee not less than 300 miles of railroad located in said States,
and which has paid in dividends in cash an amount equal to not loss than
4% per annum on its outstanding shares of capital stock in each fiscal year
for the 5 years next preceding such investment, or in the bonds or interestbearing obligations issued by a railroad, terminal, depot, bridge, tunnel or
street railway corporation organized under the laws of any of the New
England States or the State of New York assumed by a railroad corporation
organized under the laws of any of the New England States and owning
In fee not less than 300 miles of railroad located in said States and complying
with all the provisions of this section; if any such railroad corporation shall
be leased to another railroad corporation organized under the laws of any
of the New England States and owning in fee not less than 300 miles of
railroad located in said States, under a lease which provides for the payment by the lessee as rental an amount sufficient to pay dividends on the
capital stock of the lessor amounting in the aggregate In each fiscal year
of said lessor corporation during the term of said lease to not less than 4%
on its outstanding capital stock, such lessor shall be regarded as having
paid its dividends within the meaning of this section, but in case the lessee
shall hold any shares of the capital stock of thelessor, such shares shall not
be considered as outstanding within the meaning of this section.
Sec. 7. In bonds or debentures actually issued by a railroad corporation
Incorporated in any of the New England States, at least 3,6 of the railroad
of which is located in said State, whether such corporation is in possession
of and is operating its own railroad or such railroad is leased to another
railroad corporation incorporated in any one of the New England States,
provided such bonds or debentures shall be secured either by a mortgage
which was at the date thereof, or is at the time of making the investment,
a first mortgage on not less than 75% of the railroad of such corporation
owned in fee at the date of the mortgage, or by a refunding mortgage which
provides for the retirement of all prior lien mortgage bonds of such railroad
corporation, or by a mortgage which is a prior lien on some part of the railroad covered by a refunding mortgage which provides for the retirement
of all outstanding prior lien bonds, or that if the railroad and railroad
property of such corporation are unincumbered by mortgage, such bonds
or debentures shall be issued under the authority of one of said States which
provides by law that no such railroad corporation which has issued bonds or
debentures shall subsequently execute a mortgage upon its road, equipment, franchise or upon any of its real or personal property, without including in and securing by such mortgage all bonds or debentures previously
Issued and all pre-existing debts and liabilities, and provided such corporation has paid in dividends in cash an amount equal to not less than 4%
per annum on all its outstanding capital stock in each fiscal year for the
five years next preceding such investments. If any such railroad company
shall hold the railroad of another such railroad corporation under a lease
which provides for the payment by the lessee as rental of an amount sufficient to pay dividends on the capital stock of the lessor amounting in the
aggregate in each fiscal year of said lessor, during the term of said lease,
to not loss than 4% on all its outstanding capital stock, such lessor shall be
regarded as having paid its dividends within the meaning of this section;
but in case the lessee shall hold any shares of the capital stock of the lessor
such shares shall not be considered as outstanding within the meaning of
this section.
Sec. 8. No bonds or other interest-bearing obligations shall be made
a legal investment by sections 6 and 7 in case the authorized issue thereof,
together with all outstanding prior debts of the issuing or assuming corporation, including all evidences of debt that may legally be issued under
any of its prior authorizations or under any of its assumed prior authorizations, after deducting therefrom, in case of a refunding mortgage, the
bonds reserved under the provisions of said mortgage to retire prior debts
at maturity, shall exceed 3 times the outstanding capital stock of said corporation at the date of such investment.
Sec. 9. In the bonds issued by a railroad, terminal, depot, bridge, tunnel or street railway corporation organized under the laws of any of the New
England States or the State of New York the property of which is located
wholly or in part in one of said States, or in the bonds issued by a railroad,
terminal, depot, bridge, tunnel or street railway corporation, organized
under the laws of any of said States, assumed by a railroad, terminal,
depot, bridge, tunnel or street railway corporation organized under the
laws of said States, provided such bonds shall be secured either by a mortgage which was at the date thereof, or Is at the time of making the investment, a first mortgage on not less than 75% of the railroad owned in foe
at the date of the mortgage, in the case of a railroad or street railway corporation, or the fixed property, in the case of a terminal, depot, bridge or
tunnel corporation, owned by the corporation issuing the bonds, or by refunding mortgage which provides for the retirement of all prior lien bonds
of such corporation, or by a mortgage which is a prior lien on some part of
the property covered by a refunding mortgage which provides for the rotirement of all outstanding prior lien bonds. No bond shall be made a
legal investment under this section unless the bonds are guaranteed, principal and interest, by endorsement by, or guaranteed principal and interest
by endorsement, which guaranty has been assumed by a railroad corpora-

JUNE, 1918.]

CONNECT1CUT-DEBT OF STATE

45

tion owning in fee not less than 300 miles of railroad in the New England tion, including all bonds not issued that may legally be issued under any of
States, whose bonds are made a legal investment under sec. 6. No bonds its prior debts, or of its assumed prior debts, after deducting therefrom in
shall be made a legal investment by this section in case the mortgage secur- case of a refunding mortgage the bonds reserved under the provisions of
ing the bonds shall authorize a total issue of bonds which, added to the total said mortgage, to retire prior debts at maturity, shall exceed 3 times. the
debt described in sec. 8 of the guaranteeing corporation, including therein outstanding capital stock of said corporation at the date of such investment;
the authorized amount of all previously guaranteed bond issues, shall ex- no bond shall be made a legal investment by sections 11, 12 and 13 in case
ceed 3 times the outstanding capital stock of said guaranteeing corporation the mortgage securing the same shall authorize a total issue of bonds, which,
added to the total debt, as defined in this section, of the guaranteeing corat the time of making said investment.
including therein the authorized amount of all previously guarSec. 10. In the mortgage bonds, as described in Sec. 15, issued or as- poration,
bond issues, shall exceed 3 times the capital stock of said guaransumed by any railroad corporation incorporated under the laws of the anteed
teeing corporation outstanding at the time of making said investment; in
United States, or any State, provided such railroad corporation owned in case
of a mortgage executed prior to the passage of this Act, under which
fee during each of the 5 fiscal years of such railroad corporation next pre- the total
amount of bonds which may be issued is not specifically stated,
ceding the date of such investment not less than 500 miles of standard- the amount
of bonds outstanding thereunder at the date of such investthe
sidings,
within
exclusive
of
United
States,
railroad,
and
provided
gauge
ment
shall
be considered as the total authorized issue
such railroad corporation has complied during each of said fiscal years
Sec. 17. Bonds which have been or shall become legal investments under
with the provisions of Sec. 14, or if such corporation owned in fee less than any
of the provisions of sections 10 to 20, incl., shall not be rendered illegal,
500 miles of such railroad, the gross earnings of such corporation, as reck- although
the corporation issuing, assuming or guaranteeing such bonds
oned in sec. 14, shall have been not less than $10,000,000.
shall fail for a period not exceeding 2 successive fiscal years to comply with
Sec. 11. In the mortgage bonds, as described in Sec. 15, issued or as- the requirements of sections 10 and 14; but no further investment in the
sumed by any railroad corporation incorporated under the laws of the United bonds issued, assumed or guaranteed by said corporation shall be made
States, or any State thereof, provided during each of the 5 fiscal years of after the first fiscal year of such failure; but if, after the expiration of said
such railroad corporation next preceding the date of such investment its period, said corporation complies for the following fiscal year with all the
railroad subjected to the lien of the mortgage securing its bonds has been requirements of sections 10 and 14, it shall be regarded as having complied
operated by a corporation described in, and which has complied with all therewith during said period, and thereupon said bonds shall be legal inthe provisions of, sections 10 and 14. No bonds shall be made a legal vestments, but in case of any subsequent failure to comply with sections 10
investment by this section unless the bonds are guaranteed principal and and 14 the bonds of said corporation shall not be purchased until said corinterest by endorsement by, or guaranteed principal and interest by en- poration shall have complied each year for 5 successive years with said
dorsement which guaranty has been assumed by, the corporation operating sections 10 and 14.
the railroad covered by the mortgage securing the bonds and which has
Sec. 18. Bonds which have been or shall become legal investments
complied with all the provisions of sections 10 and 14. No bonds shall be under any of the provisions of sections 10 to 20, incl., shall not be rendered
made a legal investment by this section unless the bonds are guaranteed illegal because the property upon which they are secured has been or shall
principal and interest by endorsement by, or guaranteed principal and be conveyed to or legally acquired by another railroad corporation, and the
Interest by endorsement which guaranty has been assumed by, the corpora- corporation which issued or assumed said bonds has been or shall be contion operating the railroad covered by the mortgage securing the bonds solidated with another railroad corporation, if the consolidated or purchasand which has complied with all the provisions of sections 10 and 14.
ing corporation shall assume the payment of said bonds,and so long as it
Sec. 12. In the mortgage bonds as described in this Act issued or assumed shall continue to pay regularly interest or dividends, or both, upon the seby any terminal, depot, bridge or tunnel company incorporated under the curities issued against, in exchange for, or to acquire the stock of,the corlaws of the United States, or any State, provided the property of such ter- poration consolidated, or the property purchased, or upon securities subminal, depot, bridge or tunnel company is used by one or more railroad sequently issued in exchange or substitution therefor, to an amount at least
corporations described in, and which have complied with all the provisions equal to 4% per annum upon the capital stock outstanding at the times
of, sections 10 and 14. No bond shall be made a legal investment by this of such consolidation or purchase, of said corporation which issued or assection unless the bond is guaranteed principal and interest by endorse- sumed said bonds.
Soc. 19. If a railroad corporation which has complied with all the rement by, or guaranteed principal and interest by endorsement which guaranty has been assumed by, one or more railroad corporations described in, quiroments of sections 10 and 14 except that the period of compliance is
loss than 5 years, shall be, or shall have been, consolidated or merged with.
and which has complied with all tho provisions of, sections 10 and 14.
Sec. 13. In the mortgage bonds as described in Sec. 15 issued or assumed or its railroad purchased and all the debts of such corporation assumed by,
by any railroad corporation incorporated under the laws of the United another railroad corporation incorporated under the laws of the United
States, or any State, provided, during each of the 5 fiscal years of such States, or any State,the corporation so succeeding shall be considered as
railroad corporation next preceding the date of such investment, such rail- having complied with all the provisions of said sections during those sucroad corporation owned in fee not less than 100 miles of standard-gauge cessive years next preceding the date of such consolidation, merger or purrailroad, exclusive of sidings, within the United States, and provided such chase, in which said consolidated, merged or purchased corporations, if
railroad corporation has complied during each of said fiscal years with the considered as one continuous corporation in ownership and possession,
provisions of sec. 14. No bonds shall be made a legal investment by this would, taken together, have so complied, provided in the case of a railroad
section unless the bonds are guaranteed principal and interest by endorse- corporation which has complied with all the requirements of said sections,
ment by, or guaranteed principal and interest by endorsement, which except that the period of compliance is less than 5 years, said succeeding
guaranty has been assumed by, a corporation described in, and which has corporation shall continue so to comply for a further period which shall
complied with all the provisions of. Sections 10and 14. nor unless it complies make such compliance equivalent to at least 5 successive years.
Soc. 20. If, by means of consolidation, merger or purchase, a railroad
with the provisions of sec. 16.
Sec. 14. Any railroad corporation described in sections 10 and 13 shall corporation shall own and possess the properties and franchises which, prior
comply with the provisions of this section during each of the 5 fiscal years thereto, were of other such corporations, and, during the years next preof such railroad corporation next preceding the date of such investment, ceding such consolidation, merger or purchase, one or more of said corbefore any of its mortgage bonds as described in sec. 15 shall be made porations, have regularly paid in cash to stockholders dividends in amounts
a legal investment: Such railroad corporation shall have paid the matured equaling or exceeding 4% per annum upon the entire capital stock of the
principal and interest of all indebtedness and shall have paidin dividends successor corporation outstanding at the time of the investment, such sucn cash to its stockholders an amount equal to at least 4% upon all its out- cessor corporation shall be considered as having paid such dividends during
standing capital stock; tho gross earnings from the operation of the property the same period of years.
Soc. 21. Savings banks may invest not exceeding 2% of their deposits
of such railroad corporation, including therein the gross earnings of all
railroads leased and operated or controlled and operated by said corpora- and surplus in equipment trust notes, bonds or certificates issued by, or
tion, and the gross earnings from the sale of coal from mines owned or con- which are guaranteed by endorsement both as to principal and Interest by,
trolled by it, shall not have been loss in amount than 5 times the amount or which are secured by lease of equipment to, a railroad corporation which,
necessary to pay the interest payable upon its entire outstanding indebted- in case of a railroad corporation incorporated under the laws of any of the
ness, the rentals of all leased lines, and the interest on all outstanding in- Now England States, has complied with Sec. 6, or which, in the case of a
debtedness of railroads controlled and operated which are not owned by railroad corporation incorporated under the laws of any other State, or of
said corporation, after deducting from said interest and rentals interest and the United States, has complied with all the provisions of sections 10 and
dividends received from the stocks, bonds or notes of railroad corporations 14, provided said notes, bonds or certificates are secured by a first lion on,
not operated by said corporation, which have been deposited with a trustee or by a lease and conditional sale of, new standard railroad equipment free
as the only security for the payment of bonds or notes issued by said cor- from other encumbrances, for the purchase of which said notes, bonds or
poration, but not in excess of the interest on said last-named bonds or notes. certificates were issued at not exceeding 90% of the purchase price thereof,
under which such notes, bonds or certificates
Sec. 15. Whenever the term "mortgage bonds" is used in sections 10 to and provided the instrumentsuch
equipment to the railroad corporation,
lease of
20, inclusive, it shall mean either (1) That the mortgage securing the bonds are issued, or theproper
maintenance
of the equipment covered thereby
provides
for
the
or
is
at
the
date
of
such
thereof,
date
investment, a first mortgage
was at the
on not loss than 75% of the railroad, in the case of a railroad corporation, and for the payment of the entire issue of such notes, bonds or certificates
semi-annual installments, without the
or the fixed property, in the case of a terminal, depot, bridge or tunnel com- in not exceeding 15 annual oror30
interest in any of the equipment securing
pany, owned in foe at the date of the mortgage by the corporation which refease of any part of the lien until
the entire issue of such series of notes,
executed the mortgage and issued the bonds; that 75% of the railroad sub- such notes, bonds or certificates
have
been paid or redeemed. No equipment
certificates
shall
or
bonds
mortgage
is
connected;
that
the
said
of
lien
date
of said mortgage
ject to the
shall
be made a legal investment by this
certificates
bonds
or
trust
notes,
is at least 5 years prior to the date of such investment, unless the corporaan amount which, added to the total
tion issuing, assuming or guaranteeing the bond has complied with Soc. 14 section in Case the series authorizes
in
the
case
of
a railroad corporation organized
8,
debt
as
defined
in
sec.
such
years
of
corporation
next preceding the date
for each of the 10 fiscal
England States. or Sec. 16 in the case of
of such investment; but a mortgage given in substitution for and not greater under the laws of any of the Nowunder
the laws of any other State or of the
in amount than such mortgage, and covering the same railroad or property. a railroad corporation organized
which issued or guaranteed or is the lessee of the equipment
shall be considered to be in accordance with this requirement; (2) That if United States,
the mortgage securing the bonds was at the date thereof, or 19 at the date securing such equipment trust notes, bonds or certificates, including therein
amounts of all previously issued series of such equipment
outstanding
the
mortgage
on
not
less
first
of such investment, not a
than 75% of the railroad owned in fee at the date of the mortgage, it is a first mortgage on at trust notes, bonds or certificates, shall exceed 3 times the capital stock
least 75% of the railroad subject to the lien of said mortgage at the date of such railroad corporation outstanding at the time of making said inthereof; but if any stocks or bonds are deposited with the trustee of said vestment.
Soc. 22. Savings banks may invest not exceeding 2% of their deposits
mortgage as part security therefor, representing or covering railroad mileage not owned in fee, the bonds secured by said mortgage shall not become and surplus in bonds issued by any street railway corporation incorporated
legal investments unless said corporation owns in fee at least 75% of the in this State the railway of which is located wholly or in part therein, prototal mileage which is subject to the lion of such mortgage, including the vided such bonds are secured by a mortgage which was at the date of the
mileage which is represented or covered by said stocks or bonds; that 75% mortgage or is at the date of the investment a first mortgage on not less
of the railroad subject to the lien of said mortgage is connected; that the than 75% of the railway of such corporation owned in fee at the date of the
date of said mortgage is at least 5 years prior to the date of such invest- mortgage, and provided the gross earnings of said corporation each fiscal
mont, unless the corporation issuing, assuming or guaranteeing the bond year for the 5 years next preceding the date of such investment were not
has complied with sec. 14 for each of the 10 fiscal years of such corporation less than $100,000, and that said corporation in each of said years earned
next preceding the date of such investment; but a mortgage given in sub- and paid in dividends in cash an amount equal to at least 4% per annum
stitution for and not greater in amount than such mortgage, covering the upon the outstanding capital stock, and provided, at the date of any such
same railroad or property, shall be considered to be in accordance with this dividend, the outstanding capital stock is equal to at least Si of the debt
such corporation.
'requirement. (3) That the mortgage securing the bonds was at the date of Sections
23, 24 and 25, given below, add the bonds of water companies
thereof, or is at the date of such investment, a first mortgage or a mortgage
or trust indenture which is in effect a first mortgage upon all the railroads, and telephone companies to the list of securities in which banks may invest.
Soc. 23. Savings banks may invest not exceeding 2% of their deposits
subject to the lien of said mortgage or trust indenture by virtue of the irrevocable pledge with the trustee thereof of an entire issue of issues of bonds and surplus in mortgage bonds and other interest-bearing obligations of
which are a first lion, upon the railroad of a railroad corporation which is any water company incorporated in this State supplying water for domestic
owned and operated, controlled and operated, or leased and operated,by use to communities in this State having a population of not loss than 50,000
the corporation issuing or assuming said bonds; that 75% of the railroad whose franchise is an exclusive one and unlimited in time, provided the
subject to the lion of said mortgage is connected; that the date of said mort- amount of all the outstanding debts of such company does not exceed its
gage is at least 5 years prior to the date of such investment, unless the cor- capital stock, and provided such water company has earned each year and
poration issuing, assuming or guaranteeing the bonds has complied with paid in cash from its officially reported net earnings, as shown by its annual
sec. 14 for each of the 10 fiscal years of such corporation next preceding report or other official statement under oath, to municipal, State or United
the date of such investment; but a mortgage given in substitution for and States authorities, dividends of not less than 4% per annum on its entire
not greater in amount than such mortgage, and covering the same railroad outstanding capital stock, for a period of 4 years next preceding the making
property, shall be considered to be in accordance with this requirement. of the investment.
See. 24. Savings banks may invest not exceeding 2% of their deposits
(4) That the mortgage securing the bonds was at the date thereof, or is at
telephone company incorporated in this State,
tile date of such investment, a refunding mortgage which provides for the and surplus in bonds of any
property is located chiefly in this State, which are secured by a first
whose
retirement of all prior lien mortgage bonds of said corporation outstanding
at least 75% of the property of such company, including
at the time of said investment, and covering at least 75% of the railroad mortgage uponrights
and privileges, and limiting the amount of bonds issuowned in fee by said company at the date of said mortgage. No mortgage its franchises,
valuation of the property mortgaged, excludis to be regarded as a refunding mortgage under the provisions of this sec- able thereunder to 75% of the
franchises, rights and privileges, and providing
tion unless the bonds which it secures mature at a later date than any bond ing any valuation of saidtelephone
company shall have been not less than
the
gross
income
of
such
which it is given to refund; but, in case bonds are issued to mature at an
each of the 5 fiscal years of such telephone
earlier date than any bond which it is given to refund, the mortgage con- $2,000,000 per annum duringdate
of such investment.
tans the provisions that bonds issued to mature at an earlier 'date may be company next preceding themay
invest not exceeding 2% of their deposits
Soc. 25. Savings banks
retired by a like amount of bonds reissued under said mortgage. (5) That
in bonds of any telephone company incorporated in any of the
the mortgage securing the bonds is a prior lien to a refunding mortgage and surplus
the
State
or
in
of Now York, and secured by a first
England
States,
New
described above, on some part of the railroad or railroad isroperty covered
mortgage upon at least 75% of the property of such telephone company.
by said refunding mortgage, provided the bonds issued under such mortgage or
by the deposit with a trust company incorporated under the laws of one
are to be refunded by said refunding mortgage, and the property covered of
the Now England States or of the State of New York of bonds or shares of
by said prior lien mortgage is operated by, and its operations included in, stock,
or both, of other telephone corporations under an indenture of trust
those of the railroad corporation issuing said refunding mortgage.
which limits the amount of bonds so secured to 75% of the value of the seSec. 16. No bond shall be made a legal investment by Sec. 10 in case curities deposited as stated and determined in said indenture, and provided
the mortgage securing the same shall authorize a total issue of bonds, which, the gross income of such telephone company shall have been not loss than
together with all outstanding prior debts of the issuing or assuming corpora- $25,000,000 per annum during each of the 5 fiscal years of such telephone

I




46

company next preceding the date of such investment. No bond of a telephone company shall be made a legal investment under sectlions 24 and 25
unless during each of the 5 fiscal years of such telephone company next
preceding the date of such investment said telephone company shall have
paid the matured principal and interest of all its indebtedness, and shall
have paid, during each of said years, in cash dividends an amount equal
to not less than 6% per annum of all its outstanding issues of capital stock.
and the dividends paid on the capital stock of such telephone company
shall not have been less than the total amount necessary to pay the interest
upon its entire outstanding indebtedness.
The Act passed by the 1917 Legislature permitting the investment by
savings banks in mortgage bonds of any gas or electric-light company incorporated under the laws of Connecticut, follows:
Savings banks may invest not exceeding 2% of their deposits and surplus
In mortgage bonds of any gas or electric light company, incorporated under
the laws of this State, supplying gas or electricity for lighting to any community in this State whose franchise is an exclusive one and unlimited In
time, provided the amount of the outstanding debts of such company does
not exceed its capital stock, and provided such gas or electric company has
earned each year and paid in cash from its officially reported net earnings
as shown by its annual report or other sworn official statement to the
municipal, State or United States authorities, dividends of not less than
5% per annum on its entire outstanding capital stock for a period of four
years next preceding the making of such investment.
Sec. 26 permits savings banks to invest in the capital stock of any bank
or trust company located in Connecticut or in New York City or Boston.
Mass. The old law granted this authority, but the new law goes further
and limits the amount to be invested in this security. It says: "No
savings bank shall hold by way of investment and as security for loans
more than 20% of its deposits in the stocks of such banks or trust companies, at par value, nor more than 3% or its deposits, nor more than $100,000 of par value in, nor more than X of the capital stock of, any such bank
or trust company. The provisions of this section shall not render illegal
any such investments now owned by any bank or trust company."
Loans secured by real estate are regulated by Sections 27 and 28 of the
new law. These sections were printed in the "Chronicle" of Sept. 27 1913.
for
page 899. In 1917 Section 27 was amended so as to make it legal
savings banks to invest on unencumbered real estate in sections of Rhode
Island, Massachusetts and New York, that were not provided for in the
old law.-V. 105. p. 304.
Sec. 29. Savings banks may invest not exceeding 20% of their deposits
and surplus in notes secured by pledge of stocks or bonds as collateral, provided the corporation issuing such stock or bonds shall have paid thereon
dividends or interest at the rate of not less than 4% (3% in old law) per
annum during the 2 years next preceding the time when such loan is made;
or by the pledge of any stocks or bonds or other obligations which under
the provisions of this Act may be purchased by savings banks; but the
market value of any securities given to secure any collateral loan shall be at
Least 20% in excess of the amount of the loan and not more than 5% of the
aggregate deposit in any savings bank shall be loaned on the stocks, bonds
or other obligations of one corporation, or by the pledge of deposit accounts
and books in savings banks in this State to an amount not exceeding the
balance due from said savings banks on such deposit account.
Sec. 30. Savings banks may invest not exceeding 10% (20% in old law)
of their deposits and surplus in notes, each of which shall be the joint and
several obligations of two or more parties all residents of this State; but no
savings bank shall loan on personal security to one person more than 3% of
its deposits at the time of making such loan. No savings bank shall buy
or lend any money upon any obligations on which only one person or firm
shall be holden without taking additional security for the same equivalent
to the guaranty or endorsement of some other responsible party.
Sec. 31 subjects the amounts which may be expended to purchase or
construct any building for the purpose of accommodating the business of
such bank to the approval of the bank commissioners.
Sec. 32. Savings banks may deposit in incorporated banks or trust companies located in this State or the Stiates of New York, Massachusetts or
Rhode Island, or the city of Philade phia, but such deposits shall not in
any case exceed 30% of the capital stock, surplus and undivided profits
of such depository.
Sections 33, 34 and 35 concern rates of interest on loans, record of loans
nd the investment of deposits in accordance with general statutes.
Sec. 36. The provisions of this Act shall not render illegal the investment in, nor the investment hereafter in, any bonds or interest-bearing
obligations issued or assumed by a railroad corporation, which were a legal
Investment at the time of the passage of this Act, so long as such bonds or
Interest-bearing obligations continue to comply with the laws in force prior
to the passage of this Act; but no such bendier interest-bearing obligation
that fails, subsequent to the passage of this Act, to comply with said laws
In force, prior to this Act, shall again be a legal investment unless such
bonds or interest-besring obligations comply with the provisions of this Act.
Sec. 37. If any street railway company, the bonds of which are a legal
investment, prior to the passage of this Act,shall fall, in any fiscal year subsequent to the passage of this Act, to pay dividends equal to 4% upon its
outstanding capital stock, the bonds of such railway company shall cease
to be a legal investment until such company shall have complied with all
the provisions of sec. 22 of this Act.
Sec. 38 Prior to the first day of November 1913 the Bank Commissioners shall ascertain what bonds and other interest-bearing obligations are
legal investments under the provisions of this Act, and shall also ascertain
what bonds and obligations are then legal investments under the provisions
of sec. 36, and within the first ten days of November 1913said Bank Commissioners shall send to each savings bank,and to each bank and trust company having a savings department, a certificate stating over their signatures
that upon investigation they find that the bonds and obligations specified
In one list in said certificate are authorized as legal investments by the provisions of this Act, and that the bonds and obligations specified in a second
list therein are authorized as legal investments under the provisions of
sec. 36.
Sec. 39. Within the first ten days of the month of November 1913 and
of the months of May and November in each year thereafter,said bank commissioners shall send to each savings bank and to each trust company
having a savings department a similar certificate.
(The list of legal investments issued by the Commissioners in May 1918
was printed in the "State and City Department" of the "Chronicle" of May
25 1918, pages 2246 and 2247.1
Sec. 40. Said certificate shall be prima facie evidence of the correctness
of the findings of said Commissioners, and shall so continue until the issuance of the next certificate of said Commissioners, or of an intermediate
certificate correcting and changing the list of legal investments in the certificate last issued. The purchase of any bond or obligation specified in
any such certificate made before said respective bonds or obligations are
withdrawn or omitted by theBank Commissioners in a subsequent certificate issued by them shall be a legal investment under this Act.
Sec. 41. Any person financially interested in any finding of theBank
Commissioners as to any bond or obligation may take an appeal therefrom
to the Superior Court next to be holden at Hartford, which Court shall have
power to inquire into and render a judgment whether said bond or obligation comes within the provisions of this Act as an authorized investment
for savings banks. In _case of such an appeal, due service thereof shall be
made upon the Bank Commissioners at least 12 days before the return
day of said appeal.
Sec. 42. In the sections of this Act which relate to railroad bonds the
word "debt" shall be construed to mean obligations issued or assumed
evidenced by a series of bonds or other Interest-bearing instruments which
mature at a time or times exceeding 3 years after their date, and the term
"railroad corporation" shall be construed to mean a corporation which owns
or is in possession of and operating a railroad or railway of the class usually
operated by steam power. Street railway corporations are not railroad
corporations within the meaning of this Act.
1912 there was Issued in pamphlet form a report compiled by the
nank Commissioners containing copies of all opinions of the AttorneysBank
General in re legality of bonds and construction of statute from 1899the year the office of Attorney-General was created-to Oct. 1912. Subsequent opinions are published annually in the report of the Commissioners.
TRUST FUNDS-HOW LOANED OR INVESTED.-We find in Sec.
54 of Chapter 22 of the Revised Statutes of 1902 the following liberal
provisions providing that trust funds may be loaned or invested in the same
securities savings banks are authorized to invest in:
SEC. 254.-Trust funds, unless it is otherwise provided in the instrument creating the trust, may be loaned on the security of mortgages on
unencumbered real estate in this State double in value the amount loaned,
or may be invested in such mortgages or in the bonds or loans of this
State, or of any town, city or borough of this State, or in any bonds,
stocks or other securities which the savings banks in this State are, or may
be, authorized by law to invest in, or may be deposited in savings banks incorporated by this State.




[VOL. 106.

CONNECTICUT-CITIES AND TOWNS.

CITIES, COUNTIES AND TOWNS IN THE

STATE OF CONNECTICUT.
The relation which the towns, cities and boroughts of this State bear to
one another is peculiar and requires a word of explanation. The State
Is divided into eight counties, and these counties are made up of towns,
numbering in the aggregate 167. The towns are the civil unit, and on the
assessed valuation (which is called the "Grand List" of each town) is
levied the tax for State purposes as well as the tax for town expenditures.
Within the town is often situated a city or a borough, or both, all of which
may at the same time have bonds outstanding. Many towns and cities,'
however, whose limits were about identical, have been consolidated (including Stratford. Bridgeport, New Britain, New London and New Haven),
and the outstanding bonds of both town and city are reported together without distinction.
The borough stands in about the same relation to the town as does the
city. The grand list as determined for the town is used by both the city
and the borough in levying taxes, the city, for instance, putting a tax of
Its own on its share of the total grand list of the town. This tax is additional to the town tax. In some instances the schools are in the charge of
school districts, which also are empowered to issue bonds and to levy a
tax, so that to cover the total tax paid by a city, it is necessary to take into
account the State, town, city and school district levies. In the statements
which follow we give under one heading the town and city, wherever they
bear the same name, for, though distinct corporations, their debts are to
greater or less extent the debts of a single community.
AGGREGATE MUNICIPAL INDEBTEDNESS.
The total indebtedness of all the towns, cities, boroughs and counties In
the State was in 1916 $60,390633. In the following table we show the
funded indebtedness, the floating debt and the total indebtedness of all
the civil divisions of the State at quadrennial periods:
Floating debt. * Total debt.
Funded debt.
$60,390,633 00
$9,122,333 00
$51,268,300 00
1916
43,540,230 69
6,481,868 99
37,058,361 70
1912
38,463,704 91
44
7,865,551
47
30,598,153
1908
32,520,460 61
5,269,101 56
26,906,859 05
1904
27,624,827 42
5,005,323 09
22,142,993 58
1900
24,581,066 55
56
4,384,980
08
19,749,667
1896
20,627,058 48
4,473,571 36
16,023,832 46
1892
19.392.804
86
3.759,642
67
15.569,818
1888
17,636,289 91
2,980,386 15
14,655,903 75
1884
17,355,999 29
1,967,623 60
15.388,375 69
1880
28
17,151,327
35
2,713,584
93
14,437,742
1877
* In 1904 and at former periods the county debt ($344,500 in 1904) was
only
included
Is
therefore
not divided into funded and floating debt, and
in total debt column.
Bridge and City'Hall Repair.
3 3is '053.1-N $52.200o_llay 1 '19-'45
Fire Department Bonds.
3 30'06 A-0 $36,0000_Apr 1 '19-'36
13,000_Jan 2 '19-'31
43-(s'13 3-J
43.4 g'17 A-0 60.000c _Apr 1 '19-'22
Bridge Bonds.
350'01 J-J $65.000o_-July 1'19-'31
43ig'15 J-J 384.000__July 1 '18-'65
430'16 _- 200.000_310,000 yearly
430'16 ___ 120,000_$5,000 yearly
4348'11 M-N 90.000.$2,000 yearly
4348'16 ___ 240,000-310,000 yearly
Refunding Bonds.
330'00 J-J $18.0000_July 1 '18-'20
330'03 J-J 108,0000_33,000 yearly
High School Bonds.
45is'13 .1-J $360,000-._Jan 1 '19-'63
72,000__$4,000 yearly
45is'14
43s'14 _ _ _ 35.000_ _$5,000 yearly
Sewer Bonds.
450'14 __ $270,000_$10.000 yearly
454s'16 ___ 480,000-$20.000 yearly
434g'17 A-0 350,000c_Apr 1 '22-'46
School Bonds.
g'15 F-A$189,000_ _Aug 1 '18-'25
45.48'16 ___ 285,000_1515,000 yearly
A-0 425,000c_Apr 1 '22-'46
16'17
,
43
BERLIN.
School Notes.
This town is in Hartford County. 430'13
___ 3144,000-314,000 yearly
Incorporated May 1785.
Sewer Notes.
School and Road Bonds.
1918-1923
312,000
430'13 F-A $76,000c
4s
Paving--Notes.
(Due $1,000 yearly on Aug. 1.) 45,0'13
F-A $10,000____Aug 1 1918
BOND.DEBT Apr 1918__ _ _376,000 430'15
1918-1920
120.000
__
14,000
Floating debt
Paving -Bonds.
Assess. val. '17 (80% act.)_2,359,408
g'17 A-0$600,000c_Apr 1 '19-'22
Tax rate (per 31,000) 1917__ .. _316.00 4 YsStreet
Bonds.
Pop'n 1910, 3,728; 1918 (est.), 3,900 45is'16 ___ $240,000-310.000 yearly
INT. payable at New Britain 4Xs'16 _ _ 400,000 _ $100,000yearly
Trust Co., New Britain.
434g'17 A-0 350,000c_Apr 1 '22-'46
1923-1947
5s '18 ___ 900,000
BETHEL.
Voting Machine Bonds.
This town is In Fairfield County.
4s '08 A-0 $1,900__ _Oct 1 1918
Incorporated May 1855.
Improvement Bonds.
$30,000 350'01 J-J $240,000c_July 1 '18-'41
School bonds
35,000 4s '07 F-A 270.000o _Aug 1 '28-'42
Refunding bonds
65,000
BOND. DEBT May 4 '17_
TOTAL DEBT Apr 1 '18 $8,350,900
4,584 Floating debt (additional)_ 196,000
Floating debt
14,015 Sinking fund
712,768
Sinking fund
Grand list(real estate__ __1,731,119 Ass'd val.'18(100% act.)195,255,321
284.444 Tax rate (per $1,000) 1918_320.90
Personal
Total gran list 1916_ _ _ _ _ _2,015.563 Value city property '16 _312,294,103
Tax rate (per $1.000) 1916_317.00 Pop.'10, 102,054; 1918 (est.) 170,000
3,792
Population in 1910
INT. at City Treasurer's office.

ANSONIA.
Ansonia is In New Haven County.
Inc. April 1889. Legislature in 1893
authorized consolidation of borough,
town and fire district to form present
city.
Bridge Bonds.
45ig '13 A-0378,000c_Apr 1 '19-'44
Sewer Bonds.
4s g '10 J-J $75.000o___July 1 1935
Building Bonds.
3 35s g J-J 375.0000___July 1 1923
Refunding Bonds.
4s '11 M-N $75,000____Jan. 1 1937
4348'15 M-N135.000c_May 1 '19-'45
School Bonds.
4s '05 J-J $34,000o_July 1 '18-'30
BOND. DEBT Apr 1918_ $480,000
103,743
Sinking fund
Assessed valuation, real_ _10,275,254
3,187,686
Assessed val'n. personal
Tot. val.'17 (90% act.) A3,462,940
Tax rate (per $1,000) 1917__$17.00
Pop. 1910, 15,152; 1918 (est.), 19,000
INT. at Ansonia Nat. Bank and
City Treasurer's office.

BLOOMFIELD.
This town is in Hartford County.
Incorporated May 1835.
BOND. DEBT Sept 5 '17_326,000
103,511
Floating debt
475
Sinking fund
Assessed valuation 1917_ _2,575,321
Tax ra,to (per $1,000) 1917_ _ _..$17.00
1,821
Population in 1910
BRANTFORD.
This town is in New Haven Co.
Settled in 1644.
$65,943
TOTAL DEBT
4,417,254
Grand list
6,047
Population 1910
BRIDGEPORT.
This city Is In Fairfield County.
Incorporated as a city in 1836. In
1889-90 the town and city of Bridgeport were consolidated, the city assuming the town's debt.
Public Clinic Bonds.
$70,000_$5,000 yearly
45is'16
4gg'17 A-0 125,000c_Apr 1 '22-'46
Bonds.
Park
45is'16 _ $264,000_$11,000 yearly
434g'17 A-0 200,000c_Apr 1 '22-'46
Police and Fire Dept. Bonds.
$120,000__$5,000 yearly
43s'16
4518'17 A-0 100.000c_Apr 1 '22-'41
Alms-House Bonds.
450'15 J-J $145,000-$10.000 yearly
Isolation Hospital Bonds.
45,ig'17 A-0$200,000__Apr 1 '22-'41
City and Funding Bonds.
4s '89 J-J $400.000o July 1 1919
J-J 500,000o-Jan 1 1924
45 '94

BRISTOL.
This city is in Hartford County.
Incorporated May 1785.
The 1911 Legislature granted a
charter to the city (accepted by the
voters Aug. 14 1911, going into effect
Oct.2 1911) superseding the old town
and borough governments, the liabilities of which arc assumed by the
city.
General City Bonds.
434s15 J-D $150,000__June 15 1940
Water Bonds.
4%3'14 J-J $500,000c__..Jan 1 1939
Town Bonds Assumed.
J-J 3100.0000- Jan 2 1927
48
TOT. BD. DT.Nov 30'17 $750,000
134,337
Floating debt
73,484
Sinking funds
17,262,580
Grand list 1917
City tax (per $1,000) 191: -$15.50
Certain expenses, such as sidewalks, sewers, police, &o., are paid
by the "First Taxing District," which
•locuples the same territory as the old
borough and assumes the borough
obligations, which are as follows:
$20,000
Bonds outstanding
180,200
Floating debt
5,121
Sinking fund against bonds
195,079
NET DEBT Nov 30'17
The Mayor and Council of six members govern both the olty and taxing
districts.
Pop'n (town & city) (est.)____25,000
INT. on 430 of 1914 payable at
Old Colony Trust Co. Boston; on
of 1915 at office of,City Treas.;
on 45 at Bristol National Bank.

4s

JUNE, 1918.]
CANTON.
This town is in Hartford County.
Incorporated May 1806.
$58,443
TOTAL DEBT
2.035,143
Grand list
2,732
Population in 1910
CHATHAM.-See E. Hampton.
CHESHIRE.
This town is in New Haven Co.
Incorporated May 1780.
$38,642
TOTAL DEBT
2,815,747
Grand list
1,988
Population in 1910
CLINTON.
This town is in Middlesex Co.
Incorporated May 1838.
TOTAL DEBT Sept 15 '16 $32,687
1,462,046
Grand list
1,274
Population in 1910
COLCHESTER.
This town is in New London Co.
Town was named in October 1699.
BOND. DEBT Apr 1918_332,000
Cash in bank and on hand
13,412
Sept 10 1917
898.063
Total grand list 1917
Tax rate (per 31,000) 1918_320.00
2,140
Population in 1910

CONNECTICUT-CITIES AND TOWNS.
TOTAL DEBT Sept 1 1917 $29,500
1,636
Sinking fund
728,896
Assessed val. real estate
205,357
Assessed val. personal
Other assessable property.. 688,495
1.622,748
Total grand list 1917
(Assessment about(actual value.)
Tax rate (per $1.,000) 1917_$20.00
Pop. 1910, 2,422; 1917 (est.), 2,500.
EAST HAMPTON.
This town (formerly Chatham) is
In Middlesex Co. Inc. as town of
Chatham 1767. Name changed on
Oct. 4 1915. Pop'n 1910, 2,390.
School-Building Bonds.
4h S'14 J-J $35,000c.. _..Jan 1 1944
Ref. Ry. Bonds (Tax-Exempt).
4s '09 J-D i$20,000r June 1 '19-'28
3,000r__June 1 1929
4s '10 J-D 5,000r___June 1 1940
(Subject to call $10,000 in 1920 and
$10,000 in 1930.)
BOND. DEBT May 4 1918 $94,800
22,000
Floating debt May 1918_ _ _
Sinking fund & other assets
79,326
Oct 19 1916
2,438,359
Grand list 1916 (actual)
Tax rate (per $1,000) 1918-$18.00
2,390
Population in 1910
INT. Cent.gat. Bk.. Middletown.

4s '90 J-J $10,000o_July 1 '18-'21
4s '09 M-S 75,000c_ Sept 1 1929
4s '16 J-J *100,00Ju1y 1 1936
Funding School Bonds.
5s '18 ___ $200.000_ _ __Jan 1 1923
TOTAL DEBT Apr 1918_ - $295,000
Grand list 1917(80% act.)_8,843,650
Tax rate (per HMO) 1917-$16.00
Pop. 1910, 6,134; 1917 (est.)_10,000
*INT.on this issue at Town Treas.
office or in N. Y. City; others at
Southport Trust Co.
FAIRFIELD COUNTY.
Bridgeport and Danbury are the
county seats. Pop'n 1910, 245,322.
Court-House Bonds (Taxable).
0(8'15 J-J 3248,000___Juiv 1 1945
Refunding Bonds (Taxable).
48 g '09 A-0 $130,0000__Oot 1 1939
(Subject to call Oct 1 1929)
BOND.DEBT Apr 6'l8
$378,000
Assessed valuation 1916_355,419.117
County tax '15__.._3-20 of a mill on$1
INT. on 4;is of 1915 at First Nat.
Bank, Boston, or First Bridgeport
Nat. Bank; other interest at Conn.
Nat. Bank. Bridgeport.

47
Municipal Building Bonds.
436g13 M-N31,570,000-Nov 1 1933
Funding Bonds.
4g '93 J-J $290.000o-July 1 1918
Land-Purchase Notes.
4s '14 M-S 3450,000 ____1917-1934
Park Improvement Bonds.
J-J $300,000o ..Jan 1 1926
334g
Paving Bonds.
3j-4g
J-J $200,000r__Jan 1 1938
20,000r_ _Jan 1 1930
3 Hg '00J-J
High School & Bridge Bonds.
3;4g'98 J-J $200,000r Jan 1 1938
g F-A 650,000____Feb 1 1939
Police Department.
475,000r_ _Jan 1 1923
3 hg'98 J-.1
Refunding Bonds.
33g'97 J-J 3800,000r_ _Jan 1 1922
3;ig'97 M-N 270,000r_..May 1 1922
Improvement Bonds.
334g'97 J-J $250.000r_ _Jan 1 1922
Conn. R. Bge. Bds.(Coup. or Reg)
July 11954
3;ig'04 J-J 1,000,000_ _July
3;ig'05 J-D 1.000,000_ _June 1 1955
Water Bonds.
4g '93 J-J $475,000o ..July 1 1918
48 '14 J-D 2.000,000 ____1930-1939
4.8 g '17 J-D 1,200,000_June 1 '40-'44
Apr 1 '18 Apr 1 '17.
3
Tot.bond.debt_10,725,000 9,550,000
23,481
23,481
Floating debt__

FARMINGTON.
Total debt__10,748,481 9,573,481
This town is in Hartford County.
EAST HARTFORD.
Named
Sinking fund__ 1,515,886 1,327,656
1645.
This town is in Hartford County. BOND.Dec.
CROMWELL.
Water debt(inc) 3,675,000 2.475,000
DEBT Oct 19 1916 None
all
Bonds
taxable.
Oct.
1783.
Ino.
Co.
Middlesex
Floating debt
This town is in
$128,000 Water sink.fund
Bridge Bonds.
Grand list 1916
(not incl. in
Incorporated May 1851.
4,314,132
__Oct 1 1919 Tax
TOTAL DEBT Jan 1 1918 $35,919 3.6s '89 A-0 839.600°rate (per $1,000)
above sk. fd.) 654,650 679,603
$10.00
1899.)
1,
Oct
call
to
(Subject
1,242,685
CITY PROPERTY.-The city
Grand list
Population
in
897
1910
Funding Bonds.
1,268,832
owned
Total valuation 1917
property to the value of
2,188 4s '94 A-0 $60,000oecr Apr 2 1924
Population in 1910
$14,236,020 on .April 1 1917.
(Subject to call April 2 1904.)
GLASTONBURY.
VALUATION AND
ASSESSED
School Bonds.
This town is in Hartford County.
TAX RATE.
4Ms'17 M-N$200,000_Nov 1 '27-'46 Inc. May 1690. Pop'n 1910, 4.796.
DANI3URY,CITY.
xTotal
Tax Rale
In Danbury Town, Fairfield Co. 4s g 09 A-0 $88,000o_ __Apr 1 1939 48
J-J $35,000____Jan 1 1928
Valuation. per $1,000
Settled 1685; named Oct. 1687 and (Subject to call after April 1 1929.) BOND. DEBT Aug 30'14_ 350,000
$241,238,358.00 $22.00
incorporated in 1889. Pop'n 1910, BOND. DEBT Apr 1918_ _ $387,600 Note debt
43.388 1917
x236,344,401.00 20.50
45,000 Sinking fund
Floating debt Oct 1917_ - __
20,304.
11,956 1916
21.50
193,528.927.00
Sinking fund Apr 1918-- 24,826 Grand list 1916
Improvement Bonds.
3,751,335 1915
22.25
8,032,130 Tax rate (per $1,000) 1915_ _315.00 1914
180,824,480.00
J-J $145,000o&r Jan 1 1920 Grand list 1917
4s
16.50
1910
138,060,842.00
J-J 100,000o_ _ _July 1 1923 (Assessment about 80% actual value)
4s
at
Hartford
INTEREST
Trust
Co.
18.00
96,967,410.00
1905
Tax rate (per $1,000) 1917__317.00
Funding Bonds.
17.50
1900
69,761,120.00
10,800
(est.),
1'27-'37
1918
May
8,138;
1910,
$150,000r
M-N
Pop.
48
53,211,681.00
1895
A-0 215.000r Oct 1 1941
3.s
INT. at American Industrial Bank GREENWICH, TOWN.
17.00
47.225.324.00
The town and borough of same 1890
& Trust Co.. Hartford.
Water Bonds.
xIncluding valuation of corporation
name are located in Fairfield County.
J-J $45,000o___Jan 1 1920
48
stock held by residents, which for
in
Inc.
1662.
Pop'n
1946
1
1910,
Jan
16,463.
188,0000
48 '06 J-J
1916 aggregated $100,467,135; in
Sewer Bonds.
Jan 1 1929 EAST HARTFORD FIRE DIST.
J-J 35.0000
4s '09
it was $97,927,771.
Water Loans.
44s'15
$28,000__May 1 '19-'24 1917
BOND.DEBT Apr 5 1916 $610,000
Tax rate for 1917 includes 4.5
1931
1
$115,000____Oot
A-0
4s
School
Bonds.
254,000
Water debt (additional)
levied
mills
for school purposes.
June
1933
1
J-D 135,000-43ig'14 J-J f$170,000c July 1 '18-'34
20,000 4s
Sinking funds
8.000c July 1 '18-'19 Pop'n 1900, 79,850; 1910____98,915
1
90,000 430'12J-D 50,000o_June 1 1932
Floating debt
1932)
1
June
call
to
(Subject
at City Treasury.
INT.
payable
4%s'14 M-N510,000c___July 1 1935
Total valuation 1915_ _ _14,000,000
1 6,000c_ __July 1 1936
Value of city property_ _$1,500,000 BOND. DEBT May 7'17 $300,000
SCHOOL DISTRICT TAXES.
90,012
fund
Sinking
-$11.50
_
Tax rate (per $1,000) 1915_
Highway improvement Bonds. Under an Act of the Legislature ap420,790.18
Value of water plant.
proved April 3 1913, a tax is levied
43ig'15
1
'19-'20
M-N$50,000__May
INT. on impt. and funding bonds Assess val '16
act.)- -4,162,010
and water bonds due 1920 at Nat. Tax rate (per $1,000) 1916.._ -..$6.00 4jig'16 M-N100,000__May 1 '21-'23 on the city's "grand list" and the
4;4,s '17M-Nf15,000c___May 1 1923 proceeds appropriated for the purPark Bank. N. Y.; other water bonds
135,000c___May 1 1924 poses of school maintenance in the
at Imp.& Traders' Nat. Bank. N. Y.
various school districts, the same
EAST HAVEN.
Refunding School Bonds.
New
Haven Co.
being apportioned according to the
This town is in
4;isg
14M-N330,000cMay 1 '19-'24 number of pupils in each district.
Incorporated May 1785.
DANBITRY, TOWN.
Refunding Bonds.
$60,028
For the flrst year of operation of this
TOTAL DEBT
Funding Bonds.
2,458,639 4;ig'12 J-J $128,500c_July 1 '18-44 Act the tax levy was fixed at 5 mills.
A-0 8225,0000- Apr 1 1932 Grand list
3 Ms
4s
F
'09
-A
----1918-1954
1910
in
434.750c
each of the districts given
Population
Heretorcire
1,795
Bonds.
School
4s '95 A-0 125,000c
1920 below reported separate valuations
A-0 $50,000o_Apr 1 1932
33s
43ig'15 A-0 112,000__Apr 1 '19-'40 and tax rates.
48 '05 M-Nf 94,0000_Mch 1 '19-'50 EAST LYME.
20.000o_Mch 1 '51-'55
High School Notes.
This town is in New London Co.
4s '07 J-J $100.000o_July 1 1935 HARTFORD "ARSENAL SCR.
BOND. DEBT Oct 1913_ $406,000
Incorporated May 1839.
11,835,333 45
J-J $26,000e
Grand list for 1916
DISTRICT."
1925 TOTAL DEBT July 1'17_$1,300,600
M-N 44,000c
Tax rate (per 81.000) 1912_313.00 4 As
1961 Assess. val.'16 (grand list)43,425,552 48'08 M-N$80,0000_ __May 1 1938
23.502
Tax rate (per $1,000) 1915__$13.00 4s
(Duo $1,000 yearly.)
Population in 1910
J-J 60.000o__ _Jan 1 1942
M-N$11,500c
Building Bonds.
1940
INT. on bonds of 1012. 1914 &'15
INTEREST is payable at the 4s
(Duo $1,000 yearly.)
at U. S. Mtge. & Tr. Co., N. Y.; 4)is'17 M-S$200,000_Sept 17 '20-'47
Import. & Traders' N. Bank, N. Y.C.
BOND DEBT Apr 12 1918 $81,500 bonds of 1909 also in N. Y.; others at BOND.DEBT May 1918 _3214,000
Grand list 1917
Sinking fund
13,591
$2,574,074 office of Town Treasurer.
DARIEN.
Tax
rate (per $1,000) 1917-314.00
INT. at Riverside Tr. Co.. Hartf.
This town is in Fairfield County. Population in 1910
1.916 GREENWICH, BOROUGH.
Incorporated May 1820.
Incorp. 1854. Pop'n '10, 3,886.
Highway, Sidewalk & Bridge.
M-N$147,000__ May 1 1922 HARTFORD"NORTHEAST SOH.
48
4s'816 __ $80,000_ _Jan 1 '19-'26 EASTON.
DISTRICT."
This town is in Fairfield County.
Funding Bonds.
Building Bonds (Tax-Exempt).
School Bonds.
J-D
5,000c_ __Dec 1 1918
434s'15
Incorporated
April
1845.
$75,000- _July 1 '18-'32 35 '89 .1-D $16,359.08c
4;is'17
200,000c_Dee 1 '19-'38 48'09 J-D 378,0000___June 1 1939
1939
$155,000
BOND. DEBT Oct 1 1917J-D 66,0000_ __June 1 1931
DEBT Oct 1 1917- $25,000 BOND. DEBT Mar 11018 $352,000 3;is
28,800 BOND.
Floating debt
Real estate_6,368,747 430'14 M-S 100,000c--Mar 1 1944
Assessment debt (add'i)_-_- 5,500
Assess. val. '17 (Yi act.)__ _7,213,477 Sinking fund
Grand list '16 Personal_- 509,885 BOND. DEBT Dec 1916_3244,000
9,598
Sinking fund
Tax rate (per $1,000) 1917_314.25 Assess. val. real
10,051
(60% act.) Other assess.
436,509
3,946 Assess. val. personal
Population in 1910
property.. 85,716
INT.on Phoenix Nat. Bk., Hartf.
70,264
Other assessable property_
INT. at Darien Homo Bank.
185,600 Total tax rate(per $1,000)'17_$10.00
Tot.assess.val.'16( act.) 692,373
INTEREST at Greenwich Trust Co.
Tax rate (per $1,000) 1917_319.00 and U. S. Mortgage & Trust Co., HARTFORD "NORTHWEST
DERBY.
SCHOOL DISTRICT."
1,052 Now York
This city Is situated in New Haven Population in 1910
Bonds are subject to taxation.
County. Named May 1675; Date EAST WINDSOR.
48 '08 M-S $200,00(L..Sept 1 1938
enactGRISWOLD.
By
of organization uncertain.
M-S 150.000c___Sept 1 1945
This town is in Hartliord County.
This town is in New London Co. 4348'15
ment of the Legislature in 1893
BOND. DEBT Apr 12 '18.. $350,000
Incorporated May 1768.
Incorporated October 1815.
the town of Derby, borough of TOTAL
Floating debt
28,000
DEBT
Apr
1918_
$95,000
diTOTAL
DEBT
May
school
$60,000
1918_
Birmingham, and the
Assess. val. ('17 (Y4, act.)_10,032,052
Grand list 1916 (est.) - -3,500,000 Floating debt
67,000
tricts of the town, wore consoli- Tax
rate (per $1,000) 1916_ __312.00 Grand list 1916
/NT. at Security Co. of Hartford.
2,386,560
dated under ono form of govern- Population
in 1910
3,362 Tax rate (per $1,000) 1917-315.00
ment, assuming the name of the
Population in 1910
4.215 HARTFORD "SECOND NORTH
"City of Derby." The consolida- ENFIELD,
tion took effect on Jan. 1 1894, and
SCHOOL DISTRICT."
town (P. 0. Thompsonvillo) GROTON.
the debts of the town, borough and is This
Hartford
Co.
Town
in
named
This town is in New London Co. 48 '94 J-J $137,000o__ _Jan 1 1924
school districts were assumed by city.
and granted by State of Massachu- Inc. May 1704. Pop'n 1910. 6.495. (Subject to call after Jan 1 1904.)
Road and Bridge Bonds.
40.000o July 1 1934
3)is '04 J-J
setts in 1683, annexed to State of
Registered Bonds.
M-N $31,000o-- _Nov 1 1934 Connecticut May 1 1749.
3;is
J-J 144,000____Jan 1 1944
45s
M-N$35,000_Subiect to call 4Ms'14
(Subject to call $3,000 yearly.)
(Bonds are exempt from taxes.)
Town Bonds.
BOND. DEBT Aug 31 '17.. $35,000
Refunding Bonds.
4s '95 M-N$25,000c___Nov 1 1920 Floating debt
$179,451 BOND. DEBT May 13'16-3321,000
48 '08 A-0 855,0000--Oot 1 1928 3 .6s'01 F-A 30,000c_ Feb 18 1926 Total grand list 1916_ _
INT. at Security Co.. Hartford.
_5,3645.080
4;ig'14 J-J f51,000c_July 1 '18-34 43is'14 F-A 50,000c_ Feb 2 1934 Tax rate (per $1,000) 1916_313.00
27,500c___July 1 1936 Population in 1910
140,000c_July 1 '35-'44 43.e16 J-J
6,495
HARTFORD "SOUTH SCHOOL
BOND.DEBT Apr 6 1918.8132,500
School Bonds.
DISTRICT."
debt
72,000 INTEREST payable by Treasurer.
F-A $16,000c __ _Aug 1 1930 Floating
8
3/s
3;is
M-N 3200,0000...May 1 1931
Grand list of 1917
8,617,818
(Subject to call $2,000 yearly.)
;is
3
M-N 200,000c&r-Nov 1 1942
to
70
about
GROTON
WATER
75%
DISTRICT.
(Ass't
act.
value.)
__- 36,000c_ __Apr 1 1944
434s
_Sent 1 1955
g
g
4s
(per
;is
3
A-0
'04
'0511-S200.000o_
rate
1924
3150,0000
$1,000)
Tax
1917-$12.00
Subject to call begin. April 11915.)
9,719; 1918 (est.), 10,000 4s g '05 J-D
1925 BOND. DEBT Apr 12'17_3600,000
75,0000
4)4s
- - 50,000c... _Jan 1 1945 Pop'n 1910,
Floating
debt
100,000
J-J
5is'll
35,000e
4
at
1941
Thompsonvillo
INT.
Trust
Co.
(Subject to call begin. Jan. 1 1916.)
30,732
1941 Sinking funds
•Ois 11 M-N 30,000
TOTAL DEBT Apr 26'16- $258,898
Population
in
(est.)
1917
TOTAL
DEBT
April
40,000
1917_
$290,000
ESSEX.
fund
Sinking
18,237
Floating
debt
12,000
INT.at Fidelity Tr.Co., Hartford.
Cash on hand
This town (P 0. Ivoryton) is in Ass'd val.
7,865
'16 (;,t act.)........2,300.000
Valuation 1916 (abt. act.)..7,885,129 Middlesex County. Incorporated Tax
rate (per $1,000) 1914_35.00
City tax (per 81.000) 1915_ ___$13•00 May 1854.
(est.)
Population
in
"SOUTHWEST
HARTFORD
1917
2,600
Total tax (per $1,000) '15....-$15.50 BOND. DEBT Apr 1918_ 328,000
SCHOOL DISTRICT."
/NT. payable at National Bank
Population In 1910
2,526,870
8,991 Grand list 1917
1 1944
430'14
M-N$75,000c___May
INT.at Birmingham Nat.Bk,DerbY• Tax rate (per $1,000) 1917_412.00 of Commerce. New London. Conn. 48
M-S 10,000c
1925
Population in 1910
2.745
BOND. DEBT Apr 1918__ $85,000
Mortgage note
2,580
EAST HADDAM.
This city is in Hartford County.
9,100
1"1-1
This town is in Middlesex County. FAIRFIELD.
The town and city of Hartford Floating debt
1,857,000
Incorporated in 1734.
• This town is In Fairfield County. were consolidated on April 1 1896, Dist. grand list
Notes.
Town was settled in 1639 and named and their debts are no longer reported
INT. at Conn. Trust & Sate Dep,
- 329,500
1919 in 1645.
33s
separately. City incorp. May 1784. Co.. Hartford.




4
HARTFORD "WASHINGTON
SCHOOL DISTRICT."

1928
J-J $20,0000
1924
J-J 25,0000
J-J 100,0000___July 1 1932
1919
___ 35,000
$10,000c_ _-Jan 1 1921
125,000c_Jan 1 '26-'46
00'18 J-J
($25,000 every 5 yrs.)
100,000c___Jan 1 1947
BOND.DEBT Apr 12 '18.. $233,000
3,934
Sinking fund
Assess. val.'17( act.)__ _5,885,306
Bank.
INT.at Hartford Nat.
43
33-is
43'08
43

HARTFORD "WEST MIDDLE
SCHOOL DISTRICT."

CONNECTICUT-CITIES AND TOWNS.
MERIDEN, TOWN.

Inc. May 1806. During the year
1896 the town voted to consolidate
the schools and assume the debt of
all the school 'districts. Population
1910.32,066.
High School Bonds.
431g'14 M-N3225,000c_May 1 '36-44
Funding Bonds.
3 J•is '01 M-N$60,0000_May 1 '19-'24
4s'08 M-N I 60,0000_May 1 '19-'24
220,0000_May 1 '25-'35
BOND. DEBT May 1 '18 $565,000
Assess. val.'18 (act.)_ _25,032.291
Tax rate (per $1,000) 1918_417.00
INT. at Mechanics & Metals Nat.
Bank, New York.

330'01 F-A $120,000o_July 31 1926 MIDDLETOWN, CITY,
4s '11 F-A 160,000c_July 31 1936
Middletown City is situated In the
48 '12 F-A 125,000c_ _Aug 1 1937 town of Middletown, Middlesex Co.
BOND,DEBT Apr 1918_4405,000
May 1784. Pop'n 1910. 11,854.
33,176 Inc.
Sinking fund
Bonds.
10,000 4s Funding
Floating debt
J-D1351,000__June 1 '19-'35
'16
50,000
Population in 1918 (est)
1 4,000....-June 1 1936
INT. at Colonial Nat. Bk., Hartf.
City Improvement Bonds.
3Xs'01 J-J 370,000c&r_July 1 1921
HARWINTON.
Water Bonds.
This town is in Litchfield County. 43 '97 J-J 5200,000r-July 1 1922
Incorporated October 1737.
Sewer Refunding Bonds.
TOTAL DEBT Oct 1 1916. $38,955 33413'01 J-D $53,000c,__Dec 1 1921
787,156 33s'05 M-N 35,000o_ May 1 1925
Grand list
1,440
Population in 1910
Municipal Building Bonds.
33s'05 M-N $36,000o__ _May 1 1925
HUNT/NGTON (See Shelton).
BOND.DEBT Dec 31 '17_ _3449,000
200,000
Water debt (Included)
JEWETT CITY.
146,947
Sinking funds
This borough is in New London Co. Water sinking fund (mnot) _ _ 144,334
$50,360 Grand list 1917
4.609
TOTAL DEBT
1,513,950 Tax rate (per $1,000) '16------$8.50
Grand list
$5.00 Pop'n 1910, 11,854;'18 (est.), 15,000
Tax rate (per $1,000)
3.023
INT. at Central Nat. Bank, MidPopulation in 1910
dletown.

KILLINGLY.

This town is in Windham County. MIDDLETOWN, TOWN.
Incorporated May 1708.
Incorporated Sept. 1651. Bonds
048'16 J-J $75,000_42,000 yearly are tax-exempt. Pop'n '10, 20,749.
Town Bonds of 1900.
Railroad Refunding Bonds.
$125.0000_Deo
1
1920
3345 g J-D
3 Xs'04 J-J $100,0000&r..Janl 1924
BOND.DEBT Oct 1 '17_ - $200,000 4s '09 J-D 340,000o....June 1 1929
Grand list '17{Real estate_ 741,081 4s'10 F-A 244,000o_ _Aug 1 1930
(abt. M, act.) Personal_ _2,971,769 BOND.DEBT Apr 1918_3684,000
- 798,495 Floating debt
Other prop..
135,000
4,511,345 Sinking fund
Total value 1917
30,000
Tax rate (per $1,000), 1918_416.50 Grand List 1917
16,144,543
7,516 Tax rate (per $1,000) 1917___312.50
Pop. 1910, 6,564; 1918
INT.at Nat. Shawmut Bank,Bos/NT. on 4% bonds of 1909 & 1910
ton, or at Windham Co. Nat. Bank. payable at Old Colony Trust Co..
In Danielson.
Boston; on others In Middletown.
LISBON.
MIDDLETOWN SCHOOL DIST.
This town is in New London Co.
School Refunding Bonds.
Incorporated May 1786.
J-J $45,000„July 1 '18-'35
43,168 4348'15
TOTAL DEBT
High School Bonds.
413,721 43(9'13
Grand list
$80,000r..__..1918-1933
M-8
824 BOND. DEBT Apr 1918- $125,000
Population in 1910
11,204,609
Grand list 1917
$2.00
Tax rate (per $1,000) 1917
LITCHFIELD, TOWN.
INT. payable in Middletown.
This town Is the county seat of
Litchfield County.Incorporated 1720.
MILFORD.
Railroad Bonds (Tax-exempt).
This town is in New Haven County.
48
J-D $76,0000-tOn demand
BOND.DEBT Apr 5 '18..., $76,000 Incorp. 1664. Pop'n. 1910, 4,366.
Grand list '17'Real estate_4,241,249 45 '11 -_- 350,000____July 1 1931
(abt. act.)_1Personal_ -_ 786,753 4)s'15 J-J z24,000c_Jan 1 '18-'20
Municipal Bldg. Bonds.
5,028,002
Total valuation 1917
Town tax (per $1,000) 1918...414.00 4Ms'16 J-J $109,2001$5,000 yearly
Ion Jan 1
3.005
Population in 1910
Refunding Bonds.
INT. at Utchfield Say. Society.
45 '07 A-01333,000c___Oct 1 1927
1 50,000c___Oct 1 1932
LYME.
4s'10 J-J 28,000..__ _July 1 1930
This town is in New London Co.
x School Bonds.
Named May 1667, became a town 4Xg'17 J-J $150,000c_July 1 '21-'35
in 1665.
BOND.DEBT Dec 1917_4444,200
Grand list Sept 1 1916_ _ _ _11,188,670
Civil War Bonds.
$30,000__Apr 1 '19-'38 Tax rate (per $1,000) 1916...._415.00
5s
BOND. DEBT Apr 6 '18-330,000
x Int. at Milford Trust Co.; others
Floating debt
12,350
443,320 at Town Treasurer's office.
Assess. val, real estate
Assess. val. personal
92,482 MONTVILLE.
Total grand list '17 (Yi, act.)-535,802
This town is in New London Co.
Tax rate (per $1,000) 1918........$22.00 Incorporated
October
Pop. 1910, 746; 1918 (est.), 750. BOND.DEBT Aug 311786.
'16.- $30,000
Floating debt
6,395
MANCHESTEE.
Grand list 1916
1,888,876
This town is in Hartford Co. Inc. Tax rate (per $1,000)'15
$16.00
May.1823. Population 1910, 13,641; Population in 1910
2,804
1917 (about), 17,000.
Refunding Bonds.
NAUGATUCK.
48'08 M-N $65.0000-Mayl '19-'31
This borough is In New Haven Co.
BOND. DEBT May 1918- $65,000 Town Inc. 1844; borough 1893; con10,000 solidation of town and borough 1895.
Note debt (add'i)
Floating debt•
220,000 Pop'n '10, 12,722;'17 (est.)_ -15,400
Assessed valuation, real__22,667,802
Refunding Bonds.
Assessed val'n, personal.._
8,016 48 '12 F-A $150,000c_Feb 1 '18-'32
Tot. ass'd val.'18 (actual)22,675,818 BOND.DEBT May 12'17 $150,000
54,000
Tax rate (per $1,000) 1917---ill .00 Int. bearing debt
8,289
INT. at Manchester T.&S.D. Co. Floating debt
6,463
Cash on hand
8,530,923
Assess. val. real
MANSFIELD.
Assess. val. personal
1,698,910
This town is in Tolland County. Other assess. property..
555,756
Incorporated May 1702.
Tot. val. 1916 (actual)
10,785,589
Town has no general bonded debt. Tax rate (per $1,000) 1915-$18.00
Floating debt Oct 1 '17____ $55,334 INT. at
Naugatuck Nat. Bank.
f real estate
746,919
Grand Usti personal
185,513 NEW BRITAIN.
Tot. grand list'17(85% act.) 938,254
The city of New Britain (incorp.
Other property
5,822 May 1850) is situated in Hartford
Pop'n, 1910. 1,977; 1918 (est.) 2.000. County. In Apr. 1906 the town and
city were consolidated.
MERIDEN, CITY.
CITY OF NEW BRITAIN BONDS.
Inc. 1867. Pop'n 1910, 26,265.
Bonds.
The town and city of Meriden are 4s Water
F-A $200,000o_Aug 1918
situated In New Haven County. (Subject to call after Aug 1 11908.)
Water Bonds.
4s
F-A 250,0000.. July 1 1927
43ig'15J-J( 390,000c_July 1 '18-'20 4s
F-A
75,000c....July 1 1933
200,000c_July 1 '21-'25 4s '08 J-J 300,0000-Jan
1 1938
Funding Bonds.
'09 F-A 250,0000-Aug 1 1939
43 '95 J-J $10,000c_ __July 1 1918 4s
F-A 100,000o--Aug 1 1941
43(s
'11
Street and Pavement Bonds.
School Bonds.
4%sg'17J-J $200,000c_July 1 '19-'28 4)0
*15,0000___Jan 1 1938
BOND.DEBT Apr 1918.. $500,000 4s'09 J-J
F-A 153,000o_ _Feb 1 1939
Water debt (included)___ 290,000 48 '10 F-A
50,0000_Aug 1 '18-'20
Floating debt
100,000
F-A 20,000____Aug 1 1921
Cash on JGeneral debt
1,832 4s
J-J
14,000____July 1 1938
hand..'Water debt..
22,540
F-A 20,000--Aug 1 '18-'19
Assessed valuation, real 18,163,951 430
1 '20-'25
Assessed val'n, personal 4,749,825 4149'14 F-A 160.000c_Aug
6,000c-__Aug 1 1920
Total val.'17(2-3 actual)-22,913.776
F-A 70,000c-Aug 1 '27-'43
Tax rate (per $1,000) 1917...._316.00 4)0'15
43s'10
25,000-___Aug 1 1929
INT. at Imp. & Trad. Nat. Bank, 43 '16 F-A1170,000c-Aug 1'18-'34
N.Y.
1 5,000c......Aug 1 1935




Municipal Building Bonds.
4s '08 J4 $215.000e_July 1 1948
Subway Bonds.
3g
A-0 $10,0000___Oct '18-'22
4s
A-0 14,0000___Oct '23-'29
4s '11 A-0 24,000c___Oot 30 1941
4s '12 A-0 50,000....Oct 1 '18-'41
48
A-0 10,000__Oct 1 1942
4s'15 A-0 J11,000___Oct 1 '18-'28
122,000.._ _Oct 1 '29-'39
Refunding Bonds.
F-A $65,000c_Aug 1 '18-'30
43is
Street Bonds.
F-A $50,000c___Aug 1 1925
43
Park Bonds.
43's'14 F-A 342,000c..Aug 1 '18-'38
Sewer Bonds.
4s
F-A$100,000o___Aug 1 1918
F-A 100,000o_ _Aug 1 1925
4s
(Subject to call after Aug 1 1910.)
3 Xs
J-J 150,0000_ _July 1 1924
3 Xs
J-J 100,0000___July 1 1932
4s '04 J-J 200,000o___Jan 1 1932
4s '06 J-J 300,0000___Jan 1 1936
4s '11 J-J 75,0000_ __Jan 1 1936
10,000____Aug 1 1918
4348'14
48 '15 F-A 90,000c___Feb 1 1940
TOWN OF NEW BRITA/N B ONDS
Park Bonds.
45
J-J $66,000o_July 1 '18-'24
School Bonds.
4s
J-J $55,000c_July 1 '18-'28
F-A 50,000c___Aug 1 1929
3343
3;is
M-N 33,000__May 1 '19-'35
3;is
F-A 30,000o_Aug 1 '18-'32
DEBT OF CONSOLIDATED CITY
TOTAL DEBT Apr 1918.. 3,768,000
Sinking fund
596.550
Water debt (Included) ___1,175,000
Assessed valuation 1918_50,007,000
Tax rate (per $1,000) 1918_ - _$20.50
Population In 1910
43.916
INT. at New Britain Nat. Bank.

VOL. 106.
NEW HAVEN SCHOOL DISTRICT
4s '89 F-A $50,000o__ _ 1918-1920
($20,000 yearly on Aug. 1.)
4s '92 M-N370,000c_May 1 '21-'24
43 '94 F-A 75,000c_Feb 1 '25-'28
ls '95 M-N125,000c-Nov 1 '29-'34
INTEREST on all issues is paid at
the City Treasury.
TOTAL DEBT,SINKING FUND &43
Dec. 31'17. June 1 '16.
Bd. dt.(city)_33,976,500 $3,500,500
Town
500,000
550,000
360,000
School district 320,000
Tot. bd. dt...$4,796,500 $4,410,500
Sinking funds
47,571
34,918
Net debt_ __$4,748,929 $4,375,582
ASSESSED VALUATION.-The
city's assessed valuation and tax rate
have been approximately as follows,
real estate being taken at"about 51%
actual value" until 1900, when basis
of valuation was raised to full value:
Grand
Rate of Tax
List.
Years.
per $1.000.
$171,098,044
1917
$20.00
20.00
165,880,769
1916
20.00
155,681,221
1915
148,552,269
19.00
1914
139,779,146
17.50
1912
131,658,990
17.50
1911
126,804,456
17.50
1910
110,001,166
14.00
1905
21.00
53,800,000
1895
52,171.131
1890
POPULATION.-In 1917 (est.),
175,000; in 1910 (Census), 133,605;
1900, 108,027; 1890, 85,981; 1790,
4,448.

NEWINGTON.
This town is in Hartford County.
Incorporated in 1871.
Funding Bonds.
4348'15 J-J $80.000c_ _Jan 1 '19-'58
NEW CANAAN.
BOND. DEBT Apr 6 '18.... $80,000
This town is in Fairfield County. Floating
13,235
debt
Incorporated May 1801.
3,093
Sinking funds
Floating Debt, &c. Bonds.
_1,891,138
Grand list 1917 (act.)_
'
M-S 3100,006c
1929 Tax rato (per $1,000) 1917__
3343
- __317.00
School, Town-Hall, &c.
1910, 1,689; 1918 (est.), 2,100
48
F-A$150,000c
1939 Pop'n
INT. at Phoenix Nat. Bk., Hartf.
BOND. DEBT Oct 1916-3250,000
Grand list 19166,227,726 NEW LONDON.
Tax rate (per $1.3110) 191-5--__311.00
The town and olty (located in
Sinking fund
10,000 county
of same name) are under one
Population in 1910
8,448 government and the following stateboth. Inc. town 1646;
includes
ment
INT.at U.S Mtg.& Tr. Co., N.Y.
city, 1784. Pop'n 1910, 19,659.
Municipal Bldg. Bonds.
NEW HARTFORD.
48 '13 A-03100,000c___Apr 1 1943
This town is in Litchfield County. 4343'15 J-J z75.000c___Jan 1 1945
Incorporated in 1738.
Park Bonds.
M-N $25,000r_ -.May 1 1923
Refunding Bonds.
4s
3Xs
J-J $36,000c
1921 43(0'15 J-J z50.000c___July 1 1942
BOND. DEBT Sept 1 1917 $36,000
Water Bonds.
J-J 5116,0000__July 1 1919
Floating debt
37,000 4s
60,0000.__July 1 1924
Sinking fund •
J-J
12,719 45
'real estate
J-J 225,0000_ _Jan 1 1920
1,978,306 3 Xs
Grand listipersonal
255,413 3 Xsg J-J 200,000o&rJuly 1 1926
50,0000_July 1 1926
Other assessable property.... 26,315 33sg'08J-J
Tot, grand list '17 (act.).. _2,260,034
School Bonds.
Tax rate (per $1,000) 1917-413.00
4s
J-J $21.0000......July 1 1919
Pop'n, 1910, 2,144; 1917 (eat.),m2.500 4s
J-J 63,000o___July 1 1020
J-D 40,000o.._ _June 1 1924
INTEREST payable at First Nat. 45
4s
M-N 60,000o___May 1 1925
Bank. Hartford.
J-D 100,000o-Deo 1 1931
3348
4s'g'08 J-D 175,0000.-Deo 1 1927
•
Sewer Bonds.
NEW HAVEN.
J-J $20,000r- _July 1 1919
This city Is the county seat of New 330
J-D 35,0000_ _ _Deo 1 1937
Haven County. Incorporated 1784. 5s g
College Bonds.
By an Act of the General Assembly.
J-J $50,000o-July 1 1941
the city town and school district of 43s
Annexation Bonds.
New Haven
' were consolidated Dec.7
F-A $11,5000___Aug 1 1919
1897 under one government, and the 3348
Sidewalk Bonds.
city assumes the assets and liabilities
4s
M-S $25,000r _-__1918-1922
of the two other governments.
Refunding Bonds.
NEW HAVEN CITY BONDS. 3 3ig'05 A-0 $100,000o&rOot 1 1935
City-Hall Bonds.
BOND. DEBT Apr 101841,601,500
4343'15 J-J $245,000__July 1 '41-'45 Sinking fund
39,000
Voting-Machine Bonds.
Water debt (included)651,000
48 '09 A-0 $6,000__Oot 1 '18-'19 Grand list 1918
28,645,859
Bridge Bonds.
actual value.)
(Assessment about
330'00 A-03185,000r___Oot 1 1920 Tax rate (per $1,000) 1918_418.75
3 Xs'02 A-0 10,000r_ _Oot 1 1922 Population in 1910
19,659
3 Xs'05 A-0 95.0000___Oot 1 1925 x INT.at New London City Nat.Bk.
45'08 J-J 35,0000.___July 1 1928
43'11 J-J 75,000.. _Jan 1 '34-'36 NEW MILFORD.
Funding & High School
Bonds. This town is in Litchfield Co.
330'00 A-0 3168,000r_Oct 1 '18-'24
Incorporated October 1712.
Funding Bonds.
Town has no general bonded debt.
3343'05 A-0 $253,000r_Oct 1 '25-'35 NOTE DEBT Aug 26 '16_ $123,000
Library Bonds.
Total assets
8,958
4s '86 J-J $10,000c_ _Jan 1 1919 Grand list 1916
2,512,285
Improvement Bonds.
Tax rate (per $1,000) 1916___$20.00
43 '07 J-D$172,000c_June 1 '27-'32 Population in 1910
5,010
48 '08 J-J 100,000r_July 1 '29-'33
48 '10 J-J 100,000__Jan 1 '31-'35 NEWTOWN.
4s '09 J-J 100,000___Jan 1 '30-'34
This town is in Fairfield County.
Incorporated October 1711.
Park Bonds.
430'14 A-0*S100.000___Oct 1 1944 No bonded indebtedness.
4s'18 A-0 *$200,000____Apr 2 1941 Floating debt May 7 '17___ $47,500
Assess, val. real
1,847,399
Paving Bonds.
149,494
3343'00 A-0 $50,000r--Oct 1920 Assess. val. personal
45
___ 100,000
Tot, assessed val. 1916_ .._ _2,096,893
3 30'02 A-0 12,500r_Oot '18 & '22 Tax rate (per $1,000) 1916___$18.00
43 '11 A-0 100,000____Oct 1 '32-'30 Population in 1910
3.012
43 '13 M-N200,000__May 1 '33-'36
43'14 J-J *200,000___Jan 1 '31-'34 NORFOLK.
This town is in Litchfield County.
4343'15 F-A*100,000___Feb 15 1935
43s'16 M-S 50,000_-__Mar 1 1935 Incorporated in Oct. 1758.
048'16 M-S 100,000__--Mar 1 1936
Railroad Bonds.
A-0 $30,000r
43,0'17 F-A*200,000____Aug 1 1937 43
1920
Hospital Bonds.
Road Bonds.
4s '12 A-0 $75,000__Oct 1 '30-'32 4s
1929
J-J $25,000c
Fire Headquarters Bonds.
BOND. DEBT Apr 1917-- $55,000
48 '11 A-0 365,000-Oct 1 '28-'28 Floating debt
42,000
City Sewerage.
Sinking fund
7.663
48 '89 A-0$275,000r-Apr 1 '19-'29 Grand list 1917 (act.)
3.606,675
3 Ms'05A-0 100,000r___Oct 1 1925 Tax rate (per $1,000) 1917-- _310.00
4s '08 J-J 150.000c......July 1 1928 Population in 1910
1.541
43 '12 J-J 60,000__July 1 '36-'37
INT. payable at Norfolk.
414s'14
Jan*50,_
1 1938
43's'15 P-A*100,000_Feb 15 '40-44 NORTH HAVEN TOWNSHIP.
4s 17 A-0 110,000__-_Apr 2 1942
This township is in New Haven Co.
TOWN OF NEW HAVEN DEBT. Town Bonds.
Air Line RR. Bonds.
00'13 M-N375,000_-__Nov 1 1943
3348'89 J-J *$300.000oJuly 1 '18-'29 BOND. DEBT May 5 '17.. 375,000
Park Bonds.
Sinking fund
16,228
1,930,691
3348 '89J-J $100,000o--July 1 1939 Assess. val. real
(Subject to call after July 1 1910.) Assess. val. personal
316,965
4s '89 J-J 100,000o_ July 1 1939 Tot.val. '16 (abt.90% act.)2,247,656
Tot. tax rate (per $1,000) 16414.00
• Exempt from taxation.
Population in 1910
2,254

JUNE, 1918.]
NORTH STONINGTON.

This town is in Now London Co.
Incorporated May 1807.
43,037
TOTAL DEBT
502,840
Grand list
1,100
Population in 1910

CONNECTICUT-CITIES AND TOWNS.
OLD SAYBROOK.
This town is in Middlesex County.
Incorporated May 1852.
TOTAL DEBT Sept 1916- $37,548
1,384,362
Grand list
1,516
Population in 1910

RIDGEFIELD, TOWN.
This town is in Fairfield County.
Inc. 1709. Population 1910, 3,118.
School Bonds.
1933
- - $40,000
5s
Funding Bonds (opt. Aug 1 '17).
3;isg F-A $60,000o___Aug 1 1929
BOND.DEBT Apr 6 '18- $100,000
37.561
Floating debt
34.730
Sinking fund assets
Grand List 1917(VI, act.)__5,043,296
Total tax (per $1,000) 1917- 11.00
INT. payable at First National
Bank. Ridgefield in N. Y. funds.

49
Assessed val'n, persona._.._ 237,14
Other assessableproperty_- 25,270
Total ass'd val.'11(( act.)3,687.186
Total tax rate(per 81,000)'17-$20.00
Pop'n 1910, 2,251; 1918 (est.), 2,500

SPRAGUE.
This town is in New London Co.
ORANGE.
NORWALK, CITY.
Incorporated May 1861.
County.
Haven
New
in
Is
This town
Incorporated Juno 30 1913 by a
TOTAL DEBT Sept 1914.. $113.036
consolidation of the former city of Inc. May 1822. Pop'n '10, 11,272;
2,721,518
Grand list 1916
Norwalk (incorporated June 30 1893) '18 (est.), 15,500.
Tax rate (per $1,000) 1913._$16.00
Refunding Bonds.
the city of So. Norwalk (incorpor.
2,551
in
1910
Population
1936
1
_Jan
$100.000c_
J-J
Dis4K,s'16
Fire
former
the
Aug. 18 1870),
Funding Bonds
trict of East Norwalk,and the outlySTAFFORD.
3200.0000_ _Jan 1 1925
ing districts, which altogether com- 4s g '05 J-J
This town is in Tolland County.
Apr 10 '18 $300,000 RIDGEFIELD, BOROUGH.
prised the old town of Norwalk, BOND. DEBT
90.000
debt (add'1)__
Inc. 1901. Population '10, 1,114. Settled in 1719.
which was incorporated in Sept. 1651 Assessment
BOND DEBT Sept 1 1916- $43,000
75,000
debt
1922.)
1
Jan.
Floating
(opt.
Bonds
Sewer
Bonds.
Paving
27.000
13,642,305 34s
val. real
J-J $50,000o__ _Jan 1 1932 Floating debt
4;is'12 J-J $100,000____July 1 1931 Assess. val.
3.610.653
personal
1,556.863 BOND.DEBT May 3 1918 $50,000 Grand list 1916
Assess.
Refunding Sewer Bonds.
Tax rate (per $1,000) 1915___$12.00
218,885
property_
assessable
20,720
Other
fund
'27-'28
Sinking
1
$150.000_July
4s '07 J-J
5,233
Tot. val.'17(80% act.)_ _15,418.053 Grand list
2,116,860 Population in 1910
Water Bonds.
tax rate (per $1,000) '17..$16.00 Tax rate (per $1,000) 1916----$5.50
48'95 J-J $50,000-__July 1 1935 Tot.
Bank.
Tradesmen's
Nat.
at
INT.
1929
CITY.
1
_July
STAMFORD,
3;0'99 J-J 200,000._
/NT. payable at the First Nat.
New Haven.
is In Fairfield County.
(Subject to call July 1 1919.)
Bank, Ridgefield. in New York funds. This cityPopulation
1910. 25.136.
Inc. 1893.
330'03 J-D 100,000_ _ _ _June 1 1928 OXFORD.
$50,000c_Dec 1 '18-'42
1923.)
43ig'17
(Subject to call June 1
Co.
ROCKVILLE.
Haven
This town is in Now
Dock.
Sewage
Disp.&
Garbage,
48 '09 J-J 70.000._ _ _July 1 1934 Incorporated
This city is In Tolland County. 4s' 4 A-0 $8.000c___Apr 1 1939
October 1798.
Sewer Bonds.
DEBT Oct 1 '16-__$35,745 Inc. 1886. Population 1910. 7,977; 43,s'14 J-D 4,000c___Dec 1 1939
4s '07 J-J $35,000_ _ _ _July 1 1927 TOTAL
773,308 1916, est. 8.850.
Grand list
Public Library Bonds.
Refunding Funded Debt.
Filtration (Int. at Treas. Office). 4s g '09 J-D $33.0000_ __Deo 1 1939
1,020
J-J $50,000_ _ _July 1 1929 Population in 1910
334s
J-J $70,000o__ _July 1935
48
Bonds.
Sewer
(Subject to call Jan. 1919.)
Sewer (Int. at Treas. Office). •
1935 PLAINFIELD.
As g M-S $25,0000___Mch 1 1921
J-J $50,000
48 g
J-J $50,0000___Jan 1 1926 3
This town is in Windham County. 48
M-N 60,000c___May 1 1924
4s g
Third Taxing Dist. Funding •Sc
call
Jan
1
1900.)
to
(Subject
1699.
May
Incorporated
J-J 35,000o___July 1 1935
Improvement Bonds.
J-J $90,000o___July 1 1927 48 '10
45
1932
'12 M-S 25,000c
$4,000.._ _July 1 1920 BOND. DEBT May 7 '17_ $10,000
14,567 BOND. DEBT May 1 1918 3210,000 4s Public
Park Bonds.
36,000...July 1 '21-32 Assessment debt (add'1)___
50.000
Fund
29,500
Sinking
debt
$55,000c...Apr 1 1938
12,000__July 1 '33-'35 Floating
A-0
'08
4s
43is'17 J-J
1.750
3.443.082 Floating debt
15,000__July 1 '36-'38 Assessed!Real estate
'09 F-A 50,0000___Mch 1 1939
6,500,000 4s
399.456 Assess val. 1917 est
val. 1Personal
6,000____Ju1y 1 1939
4s g '09 J-D 45,000c.._ _Deo 1 1939
Total val. '16 (V, actual)_ _3,842,538 Tax rate (per $1,000) 1917.__ -18.00 4 g '12 M-N150,000c-May 1 1942
TOWN OF NORWALK (Annexed.) Tax rate (per $1,000) 1916_ _ _$13.00 Pop. '10, 7,977; '17 (est.). 8,500
Funding Bonds.
Pop'n 1910, 6,719; 1917 (est.). 8,000
3 Ms g M-S $60,000o___Mch 1 1921
• Refunding Bonds.
SALISBURY.
Public Improvement Bonds.
48'09 A-0 $220.0000-Apr 1 1939 PLAINVILLE.
This town is in Litchfield County. 4s '09 J-D $35,000.... _June 1 1934
Bridge Bonds.
This town is in Hartford County. Incorporated October 1741.
1939
A-0 30,000e
4s
4Yi s'12 ___ $250,000_ _ _ _Juno 1 1942 Incorporated
May 1869.
1936
FUNDED DEBT '16 (net) $25,500 4 As'11 J-D 20,0000
Funding Bonds.
$70,000c
3,483,123 4s g '07 F-A 50,000o_ __Aug 1 1932
Grand list
A-0 $300,000-0ot 1 1918 _s
330
$70,000
1918April
3,522 4)s '10 J-J 30,0000___July 1 1935
in
Population
1910
100,000---Jan 1 1921 BOND. DEBT
4s '88 J-J
8,500
Sinking fund
22,000____July 1 1928
58 13 J-J
School Bonds.
val'n, realestate_ _2,195,322 SAYBROOK.
5s '13 M-N 30,000....Nov 1 1938
4hs'14 J-J $100.000--__July 1 1944 Assessed
Assessed val'n, personal_ _ - 478,563
This town is in Middlesex County. 43.s'14 A-0 34,000c___Apr 1 1929
Bridge Bonds.
12,739 Settled 1635, united with Connecti- 43'14 J-D 48,000c.._Dec 1 1939
Other assessed property_
00'14 J-J $100,000---Jan 15 1954 Total
val'n 1917 (actual)_ _2,686,624 cut December 1644.
29,000__Dec 1 '17-'45
4 s'15
Total tax rate (per $1,000)'17.$19.00 BONDED DEBT
$39,000
Refunding Bonds.
CITY OF SOUTH NORWALK Pop'n
1910, 2,882; 1918 (est.), 3,200 Floating debt
9,500 3 As
M-N 150,000c_ _ _Nov 1 1921
(Annexed).
3,122 BOND.DEBT Apr 71916 $894,000
Sinidng fund
Funding Bonds.
742 Sinking fund
185,592
Cash on hand
4s '05 J-J f$50,000o_July 1 '25&'30 PLYMOUTH.
3,827
1,488,686 Cash on hand
This town is in Litchfield County. Grand list
1 20,0000___July 1 1935 Incorporated
1795.
1,907
..35,999.797
list
(3(
in
act.)
1915
Population
1910
Grand
1939
1
y
109,0000___Jul
48 '09 J-J
Tax rate (perf First district.._510.625
Funding Bonds.
Paving Bonds (Tax-Free).
F-A $75,000o___Aug 1 1936 SEYMOUR.
$1,000)19151Second district_ 9.40
4Xs'12 F-A$100.000____Aug 1 1922 4316'11
This town is in New Haven County
BOND. DEBT Apr i918... $75,000
Public-Improvement Bonds.
15,359 Incorp. May 1850.
Floating debt
TOWN.
STAMFORD,
1942
1
__May
13,693
431s'12M-N 575.000_
Refunding Bonds.
Sinking funds
This town is In Fairfield County.
43is'15 M-S $54,000c.Mar 1 '19-'45
As.sessed yarn 1917(80% to
Electric-Light Bonds.
Bonds.
Bridge
90,000c_Mar 1 1946 43.18'17
90% actual)_-----3,728,977
A-0 $20,000o___Apr 1 1928
48
1918-1940
$22,000
Town tax (per 51,000) 1917.._$16.0() BOND.DEBT Juno 1 1918 $144,000
Library Bonds.
School Bonds.
A-0 $5,000o____Apr 1 1928 Pop'n 1910, 5,021; 1917 (est.)_-6,000 Assessed valuation 1917___4,559,792 430'11 F-A $340.000o_Aug 1 1941
48
/NT.at Old Colony Tr.Co..Boston. (Assessment about 90% actual value) 43s'14 J-J f 44.000.._ _Jan 1 '19-'29
Refunding Bonds.
Total tax rate (per $1,000)'17 $15.00
48 '05 M-S $90,0000ecr
1 75,000....Jan 1 '30-'34
4,786
Population in 1910
Sept 1 '25.'30 & '35 POMFRET.
49,000__Jan 1 '19-'25
Water Bonds.
is in Windham County.
town
Tr.
Co.
at
J-J
This
Seymour
80,000__Jan 1 '26-'35
payable
INT.
434s'15
J-J $150,000r_July 1 '25-'35 Settled 1705; named May 1713.
4s
100.000__Jan 1 '36-'45
years)
5
(Part every
$31,386 SHELTON.
TOTAL DEBT 1916
Town Hall 1890.
1,638,469
This city (formerly a borough) is in 4s'08 J-D $225,000o__Deo 1 1938
Grand list
Refunding Water Bonds.
1,857 Fairfield Co. and comprises all of the
Schools and Bridges 1893.
48 '109 J-J $52.000o_ _ _July 1 1939 Population in 1910
F-A 596.000o-Aug 1 1923
fOld town of Norw..$970,000
territory of tho town of Huntington. 48
High School.
BOND. Former city Norw.. 385,000 PORTLAND.
Funding Bonds.
So.
1918-1933 4s
F-A 175,000o___Aug 1 1924
DEBT Former city of
431s'17 _-_ 1380,000
In
is
Middlesex
town
County.
This
317,500
Norwalk
1934
1 4,000
Mar.'15
Funding Bonds.
Inc. May 1841.
F-A $75,000o___Feb 1 1927
4s g
Water bonds of old city of
Bridge Bonds.
Refunding Bonds (tax-exempt).
420.000
1934 43(0'17
1918-1940
84,000
Norwalk (add'I)
31,000
_July
1
$66,000___
1919
J-J
•
3;0
50.000
1935-1938
Bonds.
Floating debt
Improvement
,000
44s'17{20
_Nov 1 1925
248,827 45 '05 M-N 78,0000_ _ _July
1939 4 As'll J-J $35,000c___July 1 1941
Sinking funds
1,000
1
1929
42,000r_
J-J
'09
4s
24,785,267
a Road Improvement Bonds.
Grand list 1915
Road Bonds.
Apr 8 1918- $180,000
24,211 BOND.DEBT
1918-1940
1939 431s'17
9,000
Population in 1910
34,000
debt
51,000 4;is'17
re- Floating
45s'17 J-T $75,000___ _July 2 1932
000
val., real
INT. on bonds due 1935 and the
1,872,262
Assessed
00
of
July
l
o
h
c
S
0
4
:
1
DEBT
Bonds.
1917_11,280,0
bonds
BOND.
liefunding
and
funding
and
_
funding
Assessed val., personal_ _ _ 127,680
Exch. Other
311,000
_Jan 1 1928 Floating debt
assessable property_ 221,428 4s '08 J-J $100,000r_ _ __Aug
old town of Norwalk at Am.
of Total val.
1 1931 Sinking funds May 1 1917 267,536
100,000c__
F-A
0(0'11
(90%
'17
Nat. Bank. N. Y.; other bonds
70
act.)„2,22.1.5
real _41,181„691
annexed town at Empire Trust Co., Total tax (per $1,000) 1917_320.00 Borough of Shelton bonds.. $25,000 Assessed valuation,
paving Pop'n 1910, 3,425; 1917 (est.)_ _4,000 BOND.DEBT May 519173,679,894
Assessed yarn, personal
N. Y.; water 4s of 1909 and
Mtge. INT. payable at Town Treasury,
Town of Huntington bds. $275,000 Total val'n 1916 (actual).44,861,585
bonds due July 1 1931 at U. S.
at
'16_110.75
rate(per
$1.000)
25,000
tax
bonds
3;is
Total
of
Shelton
Borough
water
& Trust Co., N. Y.;
10,848 Pop. 1910, 28,836; 1917 (est.), 37.000
Floating City
Fairfield Co. Nat. Bank in Norwalk; PRESTON.
33,000
debt.Borough
a INT. payable at National Park
This town is in Now London Co.
other int. in Norwalk.
Sinking fund (town & boro.) 31,590 Bank, New York; all others at office
Incorporated in 1687.
210,947 of Town Treasurer.
BOND. DEBT Apr 1918-- $45,000 Net city debt May 5 1917._
NORWICH, CITY.
Floating debt
8,000 Tot.ass'd val.'17(90% act.)8,427,812
Norwich is In New London County, Total assessed val. 1917_ ___622.666 Tax rate (per!First District_ _$11.00 STONINGTON.
$1,000)'171Second District.. 15.50
Inc. 1784 Population 1910,20,367. Tax rate (per $1,000) 1917_420.00
This town is in New London Co.
8,000 Inc. Oct. 1658. Pop'n 1910,9.154.
in 1917 (est.)
Water Bonds.
Pop'n 1910, 1,917; 1918 (est.), 1,200 Population
J-J $150,000o_jan 1 1923
INT. on town bonds payable at
33s
Refunding Bonds.
Shelton Bank & Trust Co.
4s '06 A-0 65,000_......Apr 2 1931
45 g'08 M-N 1100,0000_.May 1 1928
PUTNAM, CITY.
M-S 395,000_ __Mar 2 1939
43is
School Loans (Assumed).
This city and town of the same
BORO.
Funding Bonds.
$50,000
Dist. No. 3 bonds, 45
name are in Windham County. In- SOU•THINGTON, in
Hartford Co. Dist. No. 18 bonds, 4$
J-D $166.000o_ _June 1 1925 corp. Jan. 1 1896. Pop'n '10, 6.637.
This borough is
334s
47,000
Refunding Bonds.
Incorporated 1889.
DEBT
Apr
$197.000
BOND.
1918Water-Works
Bonds.
1931
45 '06 A-0 $143,000___Apr 2
Refunding Bonds.
99,680
Floating debt
F-A$250,000
4g.s
1920-1939 4;is'16
1946
1
r
A-0
430'13 A-0 125,000_...._Oct 1 1938
$118,000___Ap
9,426
Sinking funds
Sewer Bonds.
M-S 84,000__Mar 2 1939
DEBT Apr 1918-- $118,000 Grand list 1917(90% act.)_6,553.048
4313
M-S$100,000e- -1920-1939 BOND.
6,730 Tax rate (per $1,000) 1917..-518.00
Sinking funds
Gas and Electric Plant Bonds. 431,8'14 Improvement
Bonds.
0
act.)_3.954,64
45 '06 A-0 $287,000_ Apr 2 1931 8 Street
list
Grand
1918(90%
INT. payable at Treasurer's office.
s
J-J 440,000o___July 1 1929
GEN.BONDS May 15'1711,415,000 BOND.DEBT
Jan 1 1918- $390,000 Tax rate (per $1,000) 1917_34.50
610.000
5,000
Water debt (Included)
1918 (est.)
debt
$20,000 Population
STRATFORD.
83.499 Floating General
Southington
at
INT.
Temporary loans
payable
22,000
This town is in Fairfield County.
78,912 Sinking Water
Sinking funds and cash
fund
10,000 Bank & Trust Co.
Settled in 1639.
Assess. val. real estate-11,798,260 Total
valuation 1917
4,300,000
$40,000
43
2,385,962 (Assessment
Assess. val. personal
about 60% actual value) SOUTHINGTON,TOWN.
30,000_--July 1 1920
330
Tot, assess. val.'17(%act.)14,184,222 City tax (per $1,000) 1918---38.50
This town is In Hartford County. 48
12,000____Jan 1 1926
$13.00
Tax rate (per $1,000) '17
$2.00 Incorporated 1779.
Special sewer tax
13,000_-__Apr 1 1927
48
INT. at Norwich Say. Society. Pop'n 1910, 6,637; 1918 (est.), 8,000
Floating Debt Bonds.
School Bonds.
First Nat. Bk., Columbia Trust Co. INT.at First Nat. Bk.in Putnam. 4s g
1927
J-J $28,000o---1918&
1 '19-'48
$120,000__Dec
s-a
43s'17
and Thames Nat. Bank.
School Bonds.
Refunding & ImPt. Bonds.
PUTNAM, TOWN.
430'13 J.J $28,000____July 1 1943 43 '14 -_- 5157.000
Bonds (Due on Apr. 1)•
Water-Plant Purchase Bonds. 48 '17 s-a
NORWICH,TOWN.
15,000____Aug 1 1951
Inc. 1659. Pop'n 1910, 28,219
48.16 A-0 $12.000c ___1922-1923 4 As'11 J-J $222,000c_July 1 1941
14.000____Aug I 1952
Refunding Court-House Bonds. 4!2s'16 A-0 35,000c ......_1924-1928 BOND. DEBT Apr 1918- $305,000
Notes.
$43,200____Aug 2 1918
3 34e '05 J-J $117,000o ..Jan 1 1925 4 s'16 A-0 48.000c --__1929-1934 Water bonds (included)__- 222,000 4%e
25,000 413
4315'16 A-0 63,000c ........1935-1941 FloatingGeneral
Town of Preston Bonds.
16,000____June 1 1920
12,500 TOTAL DEBT Sept 1 '16- $331,200
1920 430'16 A-0 40.0000
_
debt Water.
1942-1045
3.40s J-J 150,0000
17,162 Assess. val. 1916
1946 Sinking fund (general)
Town Deposit Fund 6s.
431s'16 A-0 13,000c
8,563,122
$13,301 BOND. DEBT Sept 1 '16_4211,000 Assess. val.(90% act.)'18_6,267,272 Tax rate (per $1,000)
On demand
$17.20
58.503 Floating debt
Outstanding notes___
10,000 Tax rate (per $1,000) 1917_ _ _$16.50 Population 1910
5.712
TOTAL DEBT Apr 1918.. 238,804 Grand list 1916
4,642,333 Pop'n 1910, 6,516; 1918 (est.), 7,500
Co.
Tr.
&
Bk.
cash
and
fund
Southington
28,749 Population 1910
INT.at
Sinking
7,260
THOMASTON.
18,977,544
Grand list 1917
This town is in Litchfield County.
SO. WINDSOR.
(Assessment about 3 aotual value.) REDDING.
This town is in Hartford County. Inc. May 1875. Bonds are tax-free.
Town tax (per $1,000) 1917_- 12.50
This town is in Fairfield'County.
Refund. Bonds (Subject to call).
1845.
May
May
Incorporated
Incorporated
1767.
at
the
payable
Treaaurer's
/NT. is
None 48'04 J-D $50,000o.._ _Deo 1 1924
$28,929 BONDED DEBT
office exoept the "Town of Preston TOTAL DEBT (net)
1,721,785 Floating debt Oct 1 1917 1107.500 BOND.DEBT Apr 5'18-- $50,000
Bonds." which is payable at the Grand list
11.389
1,617 Assessed val'n, real estate-3,424,775 Floating debt
Thames National Bank of Norwich. Population 1910




50

CONNECTICUT-CITIES AND TOWNS.

[VOL 106.

THOMASTON

(Concluded)
Sewer Bonds.
1910 & 1913 at Columbia Trust Co.. Water debt (included)
$125,000
Ass'd val. '17(90% act.)--2,902,994 48
3.1-N 345,0000_ _ _May 1 1923 N. Y.; 43.s of 1915 at First Nat.
Grand list 1915-------14.522,505
Total tax (per ;1,000) 1.917-.317.00 3 Ma
M-N 50,0000._ Nov 1511929 Bank. Boston; all other Issues at Tax
rate (per 31,000) 1916.... $7.00
Population in 1910
3,533 00'13 J-J
42,000_ _June 1 1943 office of City Treasurer.
Population in 1910
11,260
(Optional beginning June 1 1928)
/NT. at office of Town Treas.
INTEREST payable at City Treas.
TOT. BD. DT. Apr 1918_ $420,000
Water bonds (Included)..70,000
This town is in New London Co.
Floating deot
82,300
This town is in Fairfield County.
This town (and the borough of the SinkingiGen
eral
15,287 Incorporated in 1801.
same name) is in Litchfield County. fund 1Elec
d May 1771.
BOND.
DEBT Oct 28 '16- $40,000 Incorporate
light
bonds
55,000
s-a $25,000
5s
Inc. Oct. 1740. Pop'n 1910.16,840, Assess. val. '17 (abt.
104,233 BOND.DEBT
act.)_8,833,766 Floating debt
School Bonds.
Apr i 1918- $25,000
Borough tax (per $1,000) 1917_65.00 Grand list 1916
2,455,045
4Ms'17 F-A$250,000c_Aug 1 '18-'42
7,000
Tax rate (per $1,000) 1915 ___$16.00 Floating debt
INT. at First Nat. Bk., Wallingford. Population
Sinking fund
Funding and School Bonds.
2,000
in
1910
3.097
Grand list 1918 (about 80%
4s'14 J-J $250,000-July 1 1939
actual)
BOND. DEBT Apr 1918- $500,000
1,725,915
Tax rate (per $1,000) 1916_313.00
Floating debt
263,252
This town is in Litchfield
J-J $20,000
Sinking funds
1943 Incorporated in May 1780. County. Population in 1910
7,532 43s
1,700
(Subject to call after 1933.)
Grand list 1917
19.289541
Notes.
340,0000
1927 434s'07
Town tax (per ;1.000) 1917_310.00 4s
$15,000__D
ec
1
'18-'22
3s
M-N 8,000c___Nov 1 1919 434s'15
12,000__May 1 '18-'23
This town is in Litchfield County.
4s
J-J $18.000
1921-1931 4M s'15 _ _ _ 60,000
_ _May 1 '24-'35 On Oct. 1 1915 Winsted Borough
($3.000 yearly in odd years.)
TOTAL DEBT Oct 1 '16.... 398.153 (now known
Incorporated 1887.
as the Winstod District)
School
(opt.
Bonds
Grand
Mch
list
1
1916_
1926).
4)is '07M-N 375,0000___Nov 1 1927
4.350,158 was consolidated with this town and
4s '09 M-N 150,0000. ..May 1 1929 45 '06 J-J 355,0000__ _Moll 1 1936 Tax rate (per 31.000) 1912____$13.50 Is now under one government. WinBOND. DEBT June 1 '17- $144,000 Population in 1910
Sewer.
chester
3,850
was
incorp. in May 1771.
4s
330,0000
1924 Grand list (actual) 1916..8.333,415
P. 0. is Winstod.
BOND. DEBT May 3'18 $255,000 School tax (per $1,000) 1917..33.50
4s '96 __- *336,000
10,000
Floating debt
1918-1926
69,823 Population in 1917 (est.)
This district is in Litchfield Co.
33.4s'06 ___ *32,000_ _ _ _Oct 1 1931
Assess. val. real
14,145,593 INT.at First Nat. Bk.. Wallingford.
Water Bonds.
4s '14 __*§100,000__Aug 1 '27-'51
Assess. val. personal
3.913,228
43/s'17 F-A $120,000..
serial..
Total val.'17(100% act.) 18,058.821
TOTAL BONDED DEBT (?)
§ Funding Bonds.
Borough tax (per $1,000) 1917_39.50
This town is in Litchfield County. Assessed valuation 1916___2.140,316 450'15 M-N $90,000c
Pop. 1910, 15,483; 1916 (est.) 20,000 Incorporate
May 1 '19-'38
d January 1779.
45
'10 M-N 66,000r
May 1928
INT. at Borough Treas. office.
TOTAL DEBT 1918
$32,000
TOT.BD. DT. Apr 12'18- $329.000
This
town
is
in
Hartford
Grand list 1917
County
2,698,074 Inc.
Floating debt
May 1854. Pop'n '10. 4,808.
Tax rate (per $1,000)
116,253
$13.00
Refund., lmpt. Se Sewer Bonds. Sinking funds
This town is in Fairfield County.
Population in 1910
29,326
1,747 43.4s'13
J-D$300,000____Dec 1 1943 Assessed val'n, real estato_7,335,011
Incorporated October 1797.
Assessed
vain,
43.4sg'15F-A 150,000-__Atng 1 1945
personal_ _ _1,189,692
TOTAL DEBT
$30,640
BOND.DEBT Aug 1915_ $450.000 Other assessable property.._
Grand list
51,361
2,029,374
This city is In New Haven County. Grand List
Population in 1910
1916
10,285.441 Total ass'd val. '17 (act.) 8,576,064
i,642 Incorporated in 1853. The city, Town
tax (per ;1,000) 1914..311.00 Tax rate (pelCity
$14.50
town and school governments were
$1,000)'17 Town
11.50
INT. at U. S. Bank, Hartford.
consolidated in Jan. 1900.
Pop. '10, 8,)79; 1917 (est.). 9,000
This town is in Tolland County.
City Hall. Police & Fire Station.
Inc. Oct. 1808. Pop'n 1910, 9,047.
§ INT.at First Nat. Bank,Boston;
J-J $60,000__July 1 '18-'23
Refund. RR. Aid Bds. (tax-free). 4s'13
This town is in Fairfield County. on others at Town Treasurer's office.
s'13 J-J 400,000__July 1 '24-'63
4s '10 J-J z$60,000o_ _July 1 1925 4
* Those bonds are tax-exempt.
434s'15
J-J
380,000__July 1 '18-'55 Incorporated May 1935.
Memorial Hall 1889.
TOTAL DEBT
$221,909
Brooklyn Bridge Bonds.
33s
11-N $125.0000_Nov 1 1919
Grand list
6,972,618
450'14 J-J $100,000____Jan 1 1944 Population in 1910
(Subject to call Nov. 1 1899.)
This town is in Windham County.
4,250
High School 1892.
Sewer Bonds.
Incor. May 1692. Pop n,'10, 12,604.
4s
J-J $50,000e___July 1 1922 3 Ms'04 J-J 310,0000_ __Jan 1 1934
School Bonds.
BOND.DEBT Sept 15 '17.. $235,000 3 Ms'05 J-J 100,000.. Jan 1 1935
This town is in New Haven Co. 43.4s'14 J-J $150,000--__Jan 1 1944
Floating debt
69,550 4s '06 J-J 100,0000_ _July 1 1936
TOTAL DEBT
School Sc Sewer Bonds.
(7)
Sinking fund
52.770 4s '09 J-J 190.000_ July 1 1939 434s'18 M-S f$10,000
Mar 1 1923 Grand list 1916
314,912,947
Assess. val.'17(75% act.)_7,060.283 4s '15 J-J
28,000...._ _Jan 1 1945
1130,000__
_Mar 1 1948
Town tax rate (per M000)16_310.50 43.s'17 J-J 200,000..July 1 '18-37 TOTAL DEBT
z INT. at Old Colony Trust Co.;
Population
This town is in Hartford County.
School Bonds.
?)
V)
others at Town Treasurer's office.
Town was settled in 1635.
4s '97 J-J 1200,000july 1 '27-'46
Funding Bonds.
3 Ms '01J-J
140,000jan 1 '19-'32
434s 15 J-J $145,000c_July 1 '18-'46
4318'11 J-J
30,000o_Jan 1 '19-'21
School Building Bonds.
4s
-__ 20,00
J-J
80,000_July 1 '18-'33 43.4s
The town and borough of Walling- 4Ms'13
$40,000.
__July
1
1941
BOND. DEBT
4Ms'l1 J-3 300.000__Jan 1 '22-'51 434s
ford Is situated in New Haven County. 413
10,000... _Oct 1 1943 Sinking funds Apr 23 '18_ $165,000
J-J
180,000_Ju
iy
1
'18-'53
20,211
*Fire Engine-House Bonds.
Incorporated 1669.
Assessed valuation
43-s'15 J-J 190,000„July 1 '18-'55
5,158.018
4s '97 J-J 330.0000
1927 4 48'16 J-J 205.000__Jan 1 '19-'39 43.4s'15 J-J 313,000____July 1 1945 Tax rate (per 31.000)
315.00
BOND.
DEBT July 15 '17.. 393.000 Population in 1910
High-School Sz Refunding lids. 434s'16 J-J 600,000...July
4,178
1 '19-'42 Floating debt
$90,000__Dec 1 '18-'26
62,000 INT.at Windsor Tr.& Safe Dop.Co.
Park Bonds.
Sinking fund
4s '16 J-D I 80,000__Dec 1 '27-'36
11,739
70,000__Dec 1 '37-'46 4s '08 J-J 3205,000_July 1 '18-58 Grand list 1917 (act.)_ _ _ _7,695 055
Tax rate (per 31.000) 1917-.316.00
Funding Bonds.
Storm Water Drainage Bonds.
Water Fund Bonds.
4s '09 J-J 345.000o_ _ _July 1 1930 3 Ms'01 J-J $32,000_Jan 1 '19-'26 Population in 1918 (est.)
5,000 43.4g'15
A-0 $152.000c__Oct 1 1945
Refunding Bonds.
*Int.atNat
.Tradesmen Bk.,N.Haven (Subject to call
Street Bonds.
after Oct 1 1925.)
3.65s '99M-NS24,000o_ __ 1918-1029 *0'08
J-J
$150.000__
General
__Jan
1
1938
Fund Bonds.
4Xs'18 A-0 80,000c_ __Apr 1 1938
Water Bonds.
43.4sg'15A-01328.000c_Oct 1 '17-'30
Refund. & Improve. Bonds.
413'94 J-J $400,000___ _Jan 1 1919
This town is in Hartford County.
1 3,000c___Oct 1 1931
4 34s'12 A-0 335,0000
334s'01 J-J
40.000_ _Jan '19-'26 This town was settled In 1635 and BOND.DEBT Apr 30 '17.. $183,000
($5,000 payable every 5 years; next 3
54s'04 J-J 30,0000_Jan 1 '19-'24 named in 1637.
Assessment debt,addi
payment Apr 1922.)
4,014
10,000__Jan 1 1819
Floating debt
BOND.DEBT Apr 9 1918 $454,000 4s08 J-J
z Coupon Bonds.
8,500
4s '10 J-J 300.000o_Jan 1 '20-'49 450'15
Floating debt
M-Nf$36.000c Nov 1 '18-'35 Assessed valuation 1917__ _1,376.041
20,000 43.18'11 J-J 530,0000.Jan 1
'19-'71
Sinking funds
1 30,000c Nov 1 '36-45 Dist. tax (per $1,000) 1917____33.00
4,680 43,0'13 J-J
60,000„July '18-'23 BOND. DEBT
Grand list 1917
2,500
April 1918.. $66,000 Population in 1917 (est.)
11,022,685 43.s'13 J-J 150,000__July 11 '24-'38
Floating
(Assessment at full value)
INT. at Windsor Trust & Safe
debt
27,577
Town tax (per $1,000) 1918_510.00 4)4s'13 J-J 100.000__July 1 '38-48 Assessed val'n, real estate_2,518,648 Dep. Co. or Irving Nat. Bank, N. Y.
43.4s'17
J-J
450,000__Ju
ly
1
'49-'93
Pop'n 1910, 11,155; 1918 (est.)12,500
Assessed vain, personal... 215,519
Bonds.
IN'''. at First Nat. Bk., Wallingford. 4s Paving
Total ass'd val'n Oct 1 '17_2.734.167
'07 j-J $200.0000_ Jan 1 1927 (Ass't
abt. 80 to 85% actual value.)
This town is in Hartford County.
Improvement Bonds.
Tax rate (per 81,000)1917-315.00 Incor. May 1854.
45is'1 1 J-J
Pop'n,'10. 3,715.
365.000o_Jan 1 '19-'31 Pop. '10,
3.148; '18 (est.), 3.700
Sewer Bonds.
Inc. 1853. Population '10, 8,690. BOND. DEBT Jan 1 '18_36,135,000
x INT. at Phoenix Nat. Bank, 4 Msg'15 J-J $50,000c_Jan 15 1935
Water debt (included)_2,070,000
Refunding Bonds
NET
Hartford.
DEBT Sept 1 '15___- 391,145
430'13 J-D 360,000...June 1 1943 Sinking funds
155,000
Grand list 1916
3,683.998
NET DEBT Jan 11918._ 5,980,000
(optional beg. 1928)•
Tax rate (per $1,000) 1915_315.00
45is'14 M-N$13.000c_ _Nov 1 1944
Grand List Tax Rate WILLIMANTIC.
This
INT.
city
(Subj. to call beg. Nov. 11929).
at
is
Windsor
situated
Locks
in
the
Tr.
town
1915.
& Safe
of
1916.
1st Dist
Street Bonds (Opt. beg. 1928).
$79,000,000 $10.50 Windham. Windham Co. Ino. 1893. Deposit Co.
4Ms'13 J-D $75,000____June 1 1943 2nd Dist
74,500,000
8.70
Municipal Bonds (Coupons).
4)0'14 M-N 25,000__May 1 1944 Total
153,500,000 19.20 4s
A-0$200.000c __Oct '25 & '34
This town is in Litchfield County.
(Subject to call May 1 1929.)
Population in 1910
73.141
Water Bonds.
Named May 1674.
Electric-Light Bonds.
INT. on school bonds of 1897 at 4s'85&'04A-0 $50,000c_Oct 1 1929 TOT.
DT.(notes) Apr '17.. 348,800
3s
M-N$55.000c_May 1 '19&'29 Nat. Park Bank, N. Y.; water bonds 4s
'89 A-0
Oct 1 1924 Grand list 1916
Water Bonds.
1.214,778
of 1904 and sewer bonds of 1904 and BOND.DEBT 75,0000..
Apr 1918-$325,000 Tax rate (per $1,000) 1916-._$14.00
4s
M-N $45,000c_ _ _May 1 1923 1905 by N. Y.
draft; water bonds of Sinking funds
74.518 Population in 1910
1,860

WATERFORD.

TORRINGTON, TOWN.

WILTON.

WALLINGFORD CENTRAL SCH. WATERTOWN.
DISTRICT.

WINCHESTER.

TORRINGTON, BOROUGH.

WATERTOWN FIRE DISTRICT.

WASHINGTON.

WEST HARTFORD.

TRUMBULL.

WATERBURY.

VERNON.

WESTPORT.

WINDHAM.

WEST VILLE.

WINDSOR.

WALLINGFORD,TOWN.

WESTVILLE SCR. DIST.

WINDSOR FIRE DISTRICT.

WETHERSFIELD.

WINDSOR LOCKS.

WALLINGFORD, BOROUGH.




WOODBURY.

51

DEBTS AND RESOURCES
OF THE

TATES, CITIES OD TOWNS
IN THE

MIDDLE STATES
INDEX FOR THE MIDDLE STATES, CITIES, ETC.
NEW YORK—State, Cities, &c
NEW JERSEY—State, Cities, dcc
PENNSYLVANIA—State, Cities, &c

Pages 51 to 79

DELAWARE—State, Cities, ecc

Page 108

Pages 79 to 93

MARYLAND—State, Cities, &c

Pages 109 to 111

Pages 93 to 108

State of New York.

ITS
DEBT, RESOURCES, ETC.
One of Original Thirteen
Admitted as a State
50,203
Total area of State (square miles)
Albany
State capital
Governor (term expires Dec. 31 1918)_ __Charles S. Whitman
Sec. of State (term expires Dec. 31 1918)___Francis M.Hugo
James L. Wells
Treasurer (term expires Dec. 31 1918)
Comptroller (term expires Dec. 31 1918)_ _Eugene M. Travis
Morton E. Lewis
Attorney-General
LEGISLATURE meets annually the first Wednesday in January, and
length of sessions is not limited.
HISTORY OF DEBT.—The early historical details of New,York State's
debt from 1817 to 1894 will be found in the "State and City Supplement"
of April 1893. page 41.
During a period of eleven years ending in 1893 the State debt was paid
at the average of $1,000.000 per year, and practically wiped out.
In Nov. 1895 the voters approved a bond issue of 19,000,000. for the
purpose of enlarging and Improving the Erie, Oswego and Champlain
canals. These bonds were all issued and have since been redeemed.
In 1903 a further issue of $101,000,000 canal bonds was authorized, and
those bonds have all been sold. (A bill, signed by the Governor April 17
1912,authorized the State Comptroller to issue canal improvement bonds
made payable in foreign currency. V. 94, p. 1131.1 At the 1905 election a constitutional amendment was adopted giving authority to create an
aggregate debt of $50,000,000 for highway purposes, and all of these bonds
have been sold. The question of issuing an additional $50,000,000 bonds
for highways received a favorable vote in Nov. 1912, and of these 930,000.000 have been issued. In Nov. 1909 the voters approved the issuance
of $7,000,000 bonds for the Cayuga and Seneca Canals, all of which have
been sold. In 1910 the voters approved the issuance of $2,500,000 bonds,
all of which have been sold, for the acquisition of the Palisades Interstate
Park. At the election Nov.7 1916 a favorable vote was polled on the referendum proposition providing for the issuance of $10,000,000 additional
bonds for this purpose and for State Forest Preserve, and of which $2,500,394,
000 have been issued. V. 104, p. 86. Under the provisions of
Laws of 1911, and Chap. 252, Laws of 1914, Chap. 335 Laws
Chap.
of 1915,
$1,284,000 bonds were authorized for a State Reservation at Saratoga
Springs. These bonds were all issued, but $570,000 have been redeemed,
leaving outstanding Apr. 30 1918 $714,000. A proposition to issue $19,800,000 barge canal terminal bonds was adopted Nov. 7 1911, and of these
$13,000,000 have been sold. On Nov. 2 1915 the voters approved the issuance of $27,000,000 bonds for the completion of the barge canal; all of these
have been disposed of. Tao State's total debt on Apr. 30 1918 was $236,214,660. The sinking fund on the same date was $56,703,815 10. Loans
outstanding Apr. 30 1918, were as follows:
Canal Bonds (Gold).
Highway Bonds (Gold).
38 '05 J-J $2,000,000__Jan 1 1923 3s '06 J-D$1,000,000__Dec 1 1956
38 '06 .14 1,000,000__Jan 1 1956 4s '08 M-S 5,000,000Mar 1 1958
3s '07 J-J 5,000,000.,_Jan 1 1957 4s 08 M-S 5,000,000_ _Sept 1 1958
38 '08 J-J 5,000,000__July 1 1958 4s '10 M-S 5,000,000__Mar 1 1960
38 '09 J-J 10.000,000__Jan 1 1959 4s '11 M-S10,000,000__Mar 1 1961
4s '10 J-J 11,000.000__July 1 1960 45 '12 M-S 8,000,000__Mar 1 1962
48 .11 J-J 10,000.000__Jan 1 1961 00'13 M-S21,000,000__Sept 1 1963
48 ,11 J-J 10,000,000__July 1 1961 4 X8'15 M-S10,000,000_,.Mar 1 1965
4s '12 J-J 12,000,000__Jan 1 1962 4s 15 M-S 5,000,000 ..Sept 1 1965
44,8'14 J-J 30,000,000__Jan 1 1964 45 '17 M-S10,000,000__Mar 1 1967
4 s'15 J-J 12.000,000__Jan 1 1965
Barge Canal Terminal (Gold).
4s 16 J-J 17,000,000__Jan 1 1966 45
J-J $5.000.000_Jan 1 1942
4s '17 J-J 10,000,000__Jan 1 1967 43is'15 J-J 5,000,000 ..Jan 1 1965
4s '16 J-J 3,000,000__Jan 1 1946
State Reservation (Gold).
48
M-S S714.000 Marl '0-'25
Palisades I.-S. Park (Gold)•
State
(g
Preserve Park Bonds 48 '11 M-S$2,500.000__Mar 1 1961
4s '17 M-S 2,500,000__Mar 1 1967
4s '17 M-S $2,500,000_Mar 1 1967
Non-Interest bearing debt!Erie & Champlain 6% canal stock
$160
iStock for payment 6% canal rev. ctfs
500
Interest is payable at the Bank of the Manhattan Company.N.Y.City.
STATE DEBT FOR A SERIES OF YEARS.—The 1916 and 1917
figures of gross State debt given below are for the fiscal year beginning with
Juno 30 1916, the year having been changed from Sept. 30 to this date by
Chap. 118, Laws of 1916. All other figures in the following table are for
the old date (Sept. 30):
1917 $236,309,66 1008_ $26,230,66011898.. $9,340,660 1870- $8,641.606
1916 211,404,660 1907- 17,290,6601 1897— 5,765,660 1865.. 50,861,349
1915 186,400,660 1900_ 10.630,6601 1893_
660 1860. 34,182,975
1914 t159,260,660 1905_ 11,155,660 1892._
763,160 1850_ 23,507,874
1913*108,355,660 1904- 9,410,660 1891._ 2,927.655 1840_ 18,385,309
1912- 109,702,660 1903_ 9.665,660 1890.- 4.964,304 1830_ 8,635,035
1911- 79,730,660 1902_ 9,920,660 1885..., 9,461,854 1820_ 2,983,500
1910- 57,230,060 1900_ 10,130,660
1816_ 2.905,535
.
1909- 41,230,060- 10.185,6601875.,.. 28,328,686
t Comptroller's temporary loan certificates amounting to 9650,000 were
also outstanding Sept. 30 1914. * In addition, there wore outstanding
Sept. 30 1913 $27.000,000 notes issued in anticipation of the sale of bonds.
TAX VALUATION, TAX RATE, &c.—Large increase in values for
1904. due mainly to New York City's real estate being assessed about full
value. The constitutional amendment adopted in 1905 permits interest and
shaking fund requirements to be met out of funds in the Treasury instead




DISTRICT OF COLUMBIA

Page

111

of by means of a direct tax as heretofore. No direct State levy, therefore.
was made in 1906 to 1910. revenue being entirely raised through the operation of mortgage, stock transfer, liquor, inheritance and corporation taxes.
In July 1911, however, the Legislature again imposed a direct tax of 6-10
of a mill on each dollar of real and personal property. In 1912 the Legislature made provision for a direct tax levy of one mill. At the 1913 session.
In order to avoid the levying of a direct tax, a bill was introduced to permit
the transfer to the general fund of a part of the sinking fund. This measure, however,failed to pass both houses. V. 96, p. 1435. On Sept. 17 1913.
while the Legislature was in extra session, a bill was passed authorizing the
levy of a direct tax of 5805-10000 of a mill. In 1914 a bill was passed providing for a direct tax of three hundred and fifty-five thousandths of a mill
but this was vetoed by the Governor. V. 98, p. 1404. At the 1915
session of the Legislature provision was made for the levy of a direct tax
of one and seven-tenths mills. V. 100. p. 1525. No direct State tax was
imposed by the 1916 Legislature. In 1917 the Legislature provided for a
direct tax of 1.08 mills, and in 1918 it imposed a direct tax of 1.06 mills.
—*State Tax—
Total Equalized Rate per
Total
Valuation
Personal.
Valuation.
$1,000. Levied.
Year— Real Estate
1917_ _ .$11,605,694,898 $485,742,745 $12,091,437,643 $1.08 $13,058,753
None
1916-- 11,335,638,806 454.989,997 11,790,628,803 None
1915._ 11,146,271,012 924,149,875 12.070,420.887 91.70 20.519.716
None
1914___ 11,144,162,824 436,509,748 11,580,672,572 None
1913....... 10.960,260.892 424,876,235 11,385,137.127 0.5805 9.830.467
1912_ _ _ 10,684.290,188 444.207.867 11,128,498,055 1.00 11,022,985
6.072,766
1911___ 10,561,501,373 461,484,541 11,022,985,914 0.60
None
1910_ 9,639,001.868 482,275,593 10.121,277,461 None
None
9,821.820.554 None
i909__ _ 9,266,628,484 555,192,070
9.666,118,681 None
None
1908__.. 9,117,352,838 548,765,843
None
9,173,566,246 None
1907- __ 8,553,298,188 620,268.058
None
8.565,379,394 None
j906_.._ 7,933,057,917 632,321,477
8,015.090.722 50.154 1.191,677
1905_ _ _ 7,312,621,452 702.469.270
968,042
7,738,165,640 0.13
1904- _ _ 7,051,455,025 686,710,615
7,446,476,127 0.13
761,085
1903_ __ 6.749,509.958 696.966,169
748,072
5,854,490.721 0.13
1902_ __ 5,297,754,482 556,736,239
5,754.400,381 1.20
6,824.306
1901_ __ 5,169,308,069 585,092,312
5,686,921,678 1.96 10,704,153
1900_ _ _ 5,093,025,771 593,895,907
4.368.712,903 3.24 13,906,346
1895_ — 3,908,853,377 459,859,526
8.619,748
3,779,393,746 2.34
1890- __ 3,397,234.679 382,159,067
2,052,537,898 7.26 14,285,976
i870___ 1,599.930,168 452,607,732
3,512,284
1,413,774,368 2.50
1859— _ 1,098,666,251 315,108,117
* The direct State tax, It will be noticed from the above, is always reckoned on the valuations of the previous year, these being the latest figures
available at the time of the session of the Legislature.
POPULATION OF STATE.—New York ranks first in population among
the States of the Union. The following gives the U. S. Census figures,
except 1905 and 1915 returns, which were compiled under State supervision.
1915___9,687.744 1890 __*6,003,174 1850 __ _3,097,394 1810
959.049
1910 _9,113,614 1880.-5,082,871 1840_2,428,921 1800
589,051
1905_8.067,308 l870.._4,382,759 1830___1,918,608 1790
340.120
1900...._7,268,894 1860......3,880,735 1820 _ _ _1,372,812
•Includes population (5.321)01 Indian reservations, specially enumerated.
CANASERAGA CREEK IMPROVEMENT BONDS.—On July 1 1910
the State Water Supply Commission sold under authority of Chap. 54,
Consolidated Laws of 1909, and on behalf of the Canaseraga Creek Improvement District in Livingston County,4200,000 5% bonds, due $5,000
yearly from 1915 to 1954, incl. V. 91, p. 110. These bonds are payable
by assessment upon the lands and properties in such improvement district.
CONSTITUTIONAL AMENDMENT CHANGING CLASSIFICATION OF CITIES.—At the Nov. 1907 election an amendment to See. 2 of
Art. 12 of the constitution was adopted by a vote of 309,159 "for" to 123,919
"against." This amendment alters Sec. 2 by changing the population of cities
of the first class from "250.000 or more" to "175,000 or more," and cities of
the second class from "50,000 and less than 250,000" to "50,000 and less
than 175,000." This section was printed in full in V.85, p. 359.
NEW CONSTITUTION DEFEATED.—A revised Constitution drafted
by the Convention of 1915, in session from April 6 to Sept. 10, was overwhelmingly defeated at the general election Nov. 2 1915. V. 102, p. 172.
The changes proposed by the Convention were explained in an "address to
the people," which was given in full in the "Chronicle" of Sept. 18 1915,
page 892. The voters, at the general election on Nov. 7 1916. defeated
the question of holding another constitutional convention. V. 104, P. 86.
DEBT LIMITATION—STATE.—The provisions of the fundamental
law restricting the power of the Legislature over the issue of debt under the
Constitution of 1894 are contained in Article 7. We give the sections of
that article (Article 7) below which have reference to the subject.
State credit not lobe given.—SECTION 1. The credit of the State shall not
in any manner be given or loaned to or in aid of any individual, association or corporation.
State debts—power to contract.—SEC.2. The State may,to meet casual
deficits or failures in revenues, or for expenses not provided for, contract
debts; but such debts, direct or contingent, singly or in the aggregate,
shall not at any time exceed one million of dollars; and the moneys arising
from the loans creating such debts shall be applied to the purpose for
which they were obtained, or to repay the debt so contracted and to no
other purpose whatever.
State debts to repel invasions.—SEC. 3. In addition to the above limited
power to contract debts. the State may contract debts to repel invasion,
suppress insurrection, or defend the State in war; but the money arising
from the contracting of such debts shall be applied to the purpose for which
it was raised, or to repay such debts, and to no other purpose whatever.
Limitation of legislative power to create debts.—SEC. 4. Except the debts
specified in sections two and three of this article, no debts shall be hereafter contracted by or in behalf of this State, unless such debt shall be
authorized by a law, for some single work or object, to be distinctly speci-

1

52

,
DEBT OF STATE.
NEW YORK

fled therein; and such law shall impose and provide for the collection ot a
direct annual tax to pay, and sufficient to pay, the interest on such debt as
it falls due, and also to pay and discharge the principal of such debt within
fifty (originally eighteen years, extended to fifty years by an amendment adopted
Nov. 1 1905) years from the time of the contracting thereof. No such law
shall take effect until it shall, at a general election, have been submitted to
the people and have received a majority of all the votes cast for and against it
at such election. On the final passage of such bill In either house of the
Legislature, the question shall be taken by ayes and noes, to be duly entered on the journals thereof, and shall be: "Shall this bill pass, and
ought the same to receive the sanction of the people." The Legislature
may at any time, after the approval of such law by the people, if no debt
shall have been contracted in pursuance thereof, repeal the same; and may
at any time, by law, forbid the contracting of any further debt or liability
under such law; but the tax imposed by such Act, in proportion to the debt
and liability which may have been contracted In pursuance of such law,
shall remain in force and be irrepealable, and be annually collected, until
the proceeds thereof shall have made the provision hereinbefore specified
to pay and discharge the interest and principal of such debt and liabilitiy
The money arising from any loan or stock creating such debt or liability
shall be applied to the work or object specified in the Act authorizing such
debt or liability, or for the payment of such debt or liability and for no
other purpose whatever. No such law shall be submitted to be voted on
within three months after its passage, or at any general election when any
other law, or any bill, shall be submitted to be voted for or against. The
Legislature may provide for the issue of bonds of the State to run for a
period of not exceeding fifty years in lieu of bonds heretofore authorized
but not issued, and shall impose and provide for the collection of a direct
annual tax for the payment of the same as hereinbefore required. When
any sinking fund created under this section shall equal in amount the debt
for which it was created, no further direct tax shall be levied on account of
said sinking fund and the Legislature shall reduce the tax to an amount
equal to the accruing interest on such debt. [An amendment adopted by
the voters on Nov. 2 1909 adds the following to Section 4: "The Legislature
may from time to time alter the rate of interest to be paid upon any State
debt which has been or may be authorized, pursuant to the provisions of this
section, or upon any part of such debt, provided, however, that the rate
of interest shall not be altered upon any part of such debtor upon any bond
or other evidence thereof, which has been or shall be created or issued before such alteration. In case the Legislature increase the rate of interest
upon any such debt or part thereof, it shall impose and provide for the collection of a direct annual tax to pay and sufficient to pay the increased or
altered interest on such debt as It falls due, and also to pay and discharge
the principal of such debt within fifty years from the time of the contracting
thereof, and shall appropriate annually to the sinking fund moneys in
amount sufficient to pay such interest and pay and discharge the principal
of such debt when it shall become due and payable.]
[On June 2 1913 a bill was signed increasing from 4% to 434% the rate of
Interest on bonds hereafter issued for canal and highway improvements and
barge canal terminal facilities. V. 96, p. 1642. A bill passed in 1915
permits the sale of canal and highway bonds at not exceeding 434%
interest and a block of $27,000,000 4Yo3 was sold on March 10 1915.]
(Chapter 645, Laws of 1913, as amended by Chap. 333, Laws of 1915,
allows the Comptroller to issue 5% 1-year notes in anticipation of the sale
of State bonds. On June 5 1913 the State sold $27.000,000 of these notes
due Feb. 1 1914, and these were taken up with a part of the proceeds of
$51,000,000 434% bonds sold Jan. 21 1914.]
Sinking Fund, how kept and invested.—SEC 5.—The sinking funds provided for the payment of interest and the extinguishment of the principal
of the debts of the State shall be separately kept and safely invested, and
neither of them shall be appropriated or used in any manner other than
for the specific purpose for which it shall have been provided. (At the
general election Nov. 2 1915 the voters rejected a proposed amendment to
Section 4 of Art. VII. of the Constitution providing that—
"In case any annual tax heretofore imposed for the payment of a debt
authorized by vote of the people under the Constitution will, if continued,
provide for the payment of the interest on such debt as it falls due and also
the payment of the principal of such debt before it becomes due, the Legislature may amend the law by reducing the rate of such tax, provided that
the same shall not be reduced below a sum sufficient to pay the interest on
such debt as it falls due,and also the principal of such debt when it becomes
due."
DEBT LIMITATION—CITIES, COUNTIES, TOWNS AND VIILAGES.—The constitution of 1894 puts a general and uniform limit to the
power of counties and cities of the State to contract and put out their obligations, leaving the Legislature to fix the debt-making power of villages
and towns only. These provisions are found in Art. 8, Sec. 10. We give
that section in full below. The separation into paragraphs and the figures
In parentheses which number and begin the paragraphs are our own, we
having inserted them so that those who need to refer to any particular
portion can the more readily find the part desired.
(1) No county, city, town or village shall hereafter give any money or
property, or loan its money or credit to or in aid of any individual, association or corporation, or become directly or indirectly the owner of stock
in, or bonds of, any association or corporation; nor shall any such county,
city, town or village be allowed to incur any indebtedness except for
county, city, town or village purposes. This section shall not prevent
such county, city, town or village from making such provision for the aid
or support of its poor as may be authorized by law.
(2) No county or city shall be allowed to become indebted for any purpose or in any manner to an amount which, including existing indebtedness,
shall exceed 10% of the assessed valuation of the real estate of such county
or city subject to taxation as it appeared by the assessment rolls of said
county or city on the last assessment for State or county taxes prior to the
Incurring of such indebtedness; and all indebtedness in excess of such limitation, except such as may now exist, shall be absolutely void, except as
herein otherwise provided.
(3) No county or city whose present indebtedness exceeds 10% of the
assessed valuation of its real estate subject to taxation shall be allowed to
become indebted in any further amount until such indebtedness shall be
reduced within such limit.
(4) This section shall not be construed to prevent the issuing of certificates
of indebtedness or revenue bonds issued in anticipation of the collection of
taxes for amounts actually contained, or to be contained in the taxes for
the year when such certificates or revenue bonds are issued and payable
•
out of such taxes.
(5) Nor shall this section be construed to prevent the issue of bonds to
provide for the supply of water; but the term of the bonds issued to provide
for the supply of water shall not exceed twenty years,and a sinking fund shall
be created on the issuing of the said bonds for their redemption, by raising
annually a sum which will produce an amount equal to the sum of the principal and interest of said bonds at their maturity.
At the 1909 election a constitutional amendment with reference to the
exclusion of debt incurred for rapid transit and dock purposes by New
York City, and with reference to the exclusion after Jan. 1 1910 of water
bonds issued by third class cities, was ratified by the voters. In November
1917 the voters adopted an amendment to the constitution providing that
debts incurred by any city of the first class after Jan. 1 1904 to provide for
the supply of water, are not to be included in ascertaining the power of a
city to become indebted. Previously this section simply applied to New
York City. The amendments referred to change sub-division (6), making
it read as follows:
(6) All certificates of indebtedness or revenue bonds issued in anticipation of the collection of taxes, which are not retired within five years after
their date of issue, and bonds issued to provide for the supply of water, and
any debt hereafter incurred by any portion or part of a city, if there shall be
any such debt, shall be included in ascertaining the power of the city to
become otherwise indebted; except that debts incurred by any city of the
first class after the first day of January, nineteen hundred and four, and
debts incurred by any city of the second class after the first day of January
nineteen hundred and eight, and debts incurred by any city of the third class
after the first day of January, nineteen hundred and ten, to provide for the
supply of water, shall not be so included; and except further that any debt
hereafter incurred by the City of New York for a public improvement owned
or to be owned by the city which yields to the city current net revenue, after
making any necessary allowance for repairs and maintenance for which the
city is liable, in excess of the interest on said debt and of the annual installments necessary for its amortization, may be excluded in ascertaining the
power of said city to become otherwise indebted, provided that a sinking
fund for its amortization shall have been established and maintained and
that the indebtedness shall not be so excluded during any period of time
when the revenue aforesaid shall not be sufficient to equal the said interest
and amortization installments, and except further that any indebtedness
heretofore incurred by the city of New York for any rapid transit or dock




[VOL. 106.

investment may be so excluded proportionately to the extent to which the
current net revenue received by said city therefrom shall meet the interest
and amortization installments thereof, provided that any increase in the
debt-incurring power of the city of New York which shall result from the
exclusion of debts heretofore incurred shall be available only for the'acquisition or construction of porperties to be used for rapid transit or dock
purposes. The Legislature shall prescribe the method by which'and the
terms and conditions under which the amount of any debt,toi be so excluded shall be determined, and no such debt shall be excluded except in
accordance with the determination so prescribed. The Legislature may in
its discretion confer appropriate jurisdiction on the Appellate Division of the
Supreme Court in the First Judicial Department for the purpose of determining the amount of any debt to be so excluded. No indebtedness of a
city valid at the time of its inception shall thereafter become invalid by
reason of the operation of any of the provisions of this section.
(7) Whenever hereafter the boundaries of any city shall become the same
as those of a county, the power of the county to become indebted shall
cease, but the debt of the county at that time existing shall not be included
as part of the city debt. At the November 1899 election an amendment
to the constitution was adopted changing this paragraph to read as follows;
Whenever the boundaries of any city are the same as those of a county,
or when any city shall include within its boundaries more than one county,
the power of any county wholly Included within such city to become indebted shall cease, but the debt of the county heretofore existing shall not,
for the purposes of this section, be reckoned as a part of the city debt.
• (8) The amount hereafter to be raised by tax for county or city purposes,
in any county containing a city of over 100.000 inhabitants, or any such
city of this State, in addition to providing for the principal and interest
of existing debt, shall not in the aggregate exceed in any one year 2% of the
assessed valuation of the real and personal estate of such county or city, to
be ascertained as prescribed in this section in respect to county or city debt.
By the terms of the foregoing section, Paragraph (1), every "County,
City, Town or Village" is included in the prohibition against (1) loaning
"Its money or credit," (2) in becoming "directly or indirectly the owner of
stock in or bonds of any association or corporation," and (3) in "Incurring
any indebtedness except for County, City, Town or Village purposes."
Most of the other paragraphs include only counties and cities.
In May 1886 the New York Court of Appeals decided at the end of a litigation begun In July 1885 that the sinking fund was not a part of the city debt
within the meaning of the above provision of the constitution limiting the
creation of debt to 10% of the assessed valuation of the real estate.
Towns and villages are not limited in their debt-making power by the
constitution. Those municipalities are governed by general or special
statutes.
The 1895 Legislature passed an Act "for the protection of bona fide purchasers and holders of coupon bonds and of municipal corporations against
misfeasance, malfeasance or negligence of public officers." The full text of
this law was published in the "Chronicle" of June 8 1895. V. 60, p. 1023.
HOME RULE BILL.—On April 10 1913 a bill was signed (given in full
in V.96, o.1108), conferring on all cities full powers of local self-government.
OPTIONAL CITY GOVERNMENT LAW DECLARED VALID.—
The Court of Appeals on Dec. 22 1917 declared valid the optional city
government law passed by the Legislature in 1914. V. 105, p. 2560.
BILL REGULATING ISSUANCE AND SALE OF MUNICIPAL
AND SCHOOL BON DS.—The general municipal law was amended in 1917
(Chapter 534) providing that municipal bonds having no coupons attached
must have the payee's name inserted and registered with the treasurer or
other designated official, before interest shall be paid. The bill also provides that all bonds hereafter issued by any municipal corporation, or by
any school district or civil division of the State shall be sold, in the case
of first class cities as required by its charter or special act, and in the case
of second class cities, as required by the second class cities law, and in all
other cases, bonds must be sold at public sale not loss than 5 or more than
30 days after publication•of offering. The full text of the 1917 amendment
was published in the "Chronicle" of May 19 1917. page 2031.
BILL PERMITTING LEGALIZING OF MUNICIPAL BONDS BY
SUPREME COURT,—The 1911 Legislature passed a bill amending the
general municipal law by providing that proceedings heretofore or hereafter taken by municipal corporations In relation to bond issues, pursuant
to statute authorizing such procedure, may be legalized an-----------'
the Supreme Court instead of requiring legislative enactmo
was given in full in the "Chronicle" of Dec. 9 1911, page 1
"Cnronicle" of Feb. 3 1912, pages 316 to 318, inclusive.
Division of the Supreme Court at the July 1913 term dada
be constitutional. V. 97. p. 211.
EXEMPTION FROM TAXATION.—Sec. 8, Article Tw
Consol. Laws of 1909(p.403) provides that "all bonds of'a it
ration, until Payable, shall be exempt from taxation for
municipal or State purposes." Chapter 24 here mentioner
the term 'municipal corporation' as used in this chapter 1
county, town, city and village." This differs from the del)
the General Corporation Law (Chapter 23, Consolidated
which in Section 3 of Article 1 says that "A 'municipal corper
a county, town, school district, village and city and any c
division of the State established by law with powers of oca
A bill was passed by the 1917 Legislature, now Chapter 97
amending the tax law in relation to exemption from taxat
the State and Its civil divisions. The now law amends st
Section 4, Chapter 62, Laws of 1909, constituting Chapter 6
dated laws, so as to read that "bonds of this State or at
thereof," are exempt from taxation. V. 104, p. 1513.
TAXATION ON MORTGAGES.—Mortgages on real
within the State of New York are not subject to taxat
the only charge being the payment of a recording tax of
portant changes, however, were made by the 1916 Leg
section of the mortgage recording tax law, relating to morti
secured by real property both within and without the Stat
which oft-times applies in the case of corporation mort:
p. 551 and 552. Among these was the amendment to Sel
law rePating to an optional tax on prior advanced me
property. It applies to mortgages recorded prior to July Is
when the mortgage recording tax went into effect) and bone
by. When first enacted this section was intended to enal
any such bond to present it to the recording officer in t1
the mortgage was first recorded and pay a tax on the who
prevailing rate of 34 of 1%, thus putting such bonds c
those issued subsequent to the recording tax law as re
from the personal property tax. A ruling of the Attorney
p. 993) held that such bonds could only be exempted fr
property tax to the extent that the mortgage covered real
the State. The 1916 amendment made it clear that the
such bonds would be taxed under this section, and when
was paid the bonds would become exempt from the porso
Another amendment of 1916, to Section 260, provided ti
gage was recorded covering property, both within and w
the tax could be paid on the entire amount, and the who
be exempted from the personal property tax. The Lei
again amended this section of the law (Chapter 72, Laws
now the situation is as it was prior to 1916, that the tax
on tho,value of the mortgaged property within Now York
are exempt pro rata only, the remaining portion of the boi
personal property assessment as an investment, withot
indebtedness of the owner. See "Chronicle" of May 5
and 1763.
TAX ON SECURED DEBTS OR INVESTMENTS.—
Legislature passed a bill providing for a tax of M of 1% or
obligations secured by property located outside the State
secured debt),and for exemption ofthe same from the annu
property. The 1915 Legislature suspended the operation c
to until May 1 1915 and also passed a bill increasing the r
secured debts registeredibetween May 1 and Nov. 1 1916 fri
and limiting the period of exemption to 5 years. The dof
debts was extended at this time so as to include such pro;
&c., secured by mortgage or deed of trust recorded in t
York, and covering also property outside the State, as
property outside the State bears to the value of the entire
erty. As this law expired by limitation on Nov. 1 1915,
ture passed a bill reviving the same until Jan. 1 1917 at
that bona fide bond dealers may be permitted to deduct
the value of such securities as are held by them for sale.
The law having expired in Jan. 1917, the 1917 Legislat
law changing the term "secured debts" to "investments,
remaining substantially the same. The tax is now at tht

JUNE, 1918. 1

NEW YORK-DEBT OF STATE.

53

Federal Census next preceding said investyears not exceeding five. has a population, as shownby the
per $100 annually, and may be paid for one or more
inhabitants, and was incorporated as a city
lawn° provide a penalty of ment of not less than 45,000
The 1917 bill also amends the -inheritance taxon
the making of said investment and has
to
prior
years
twenty-five
least
which the investment tax at
5% on any investment owned by a decedent
1 1878 defaulted for more than ninety days in the paypages 1761 and 1762 not since Januaryeither
has not been paid. See "Chronicle" of May 5 1917, on
or interest of any bond, note or other
principal
of
part
any
of
ment
also
1917;
1
June
kind with the
for full text of law as signed by Governor Whitman
evidence of indebtedness, or effected any compromise of any
see "Chronicle" of July 14 1917 (page 126) and Aug. 11 1917 (Page 553.)
thereof. But if, after such default on the part of any such State
holders
USE.— or city, the debt or security, in the payment of the principal or interest of
CONDEMNATION OF PRIVATE PROPERTY FOR PUBLIC
relating to the taking which such default occurred, has been fully paid, refunded or compremised
In Nov. 1911 a proposed constitutional amendment93,
p. 1679. A similar by the issue of new securities, then the date of the first failure to pay prinof private property for public use was defeated. V.
of the
to
amendment permitting municipalities to condemn property in excess
or interest, when due, upon such debt or security, shall be takenand
at the gen- cipal
was
ratified
streets
and
parka
public
for
needed
amount actually
be the date of such default within the provisions of this sub-division,such
eral election in Nov. 1913(V. 97. p. 1837).
subsequent failures to pay installments of principal or intetest upon shall
BY debt or security, prior to the refunding or final payment of the same,
TAX LAW RELATIVE TO INVESTMENTS IN STATE BONDS
COM- not be held to continue said default or to fix the time thereof within the
SAVINGS BANKS, TRUST COMPANIES AND INSURANCE Laws)
failure
60,
Consolidated
(Chapter
meaning of this sub-division, at a date later than the date of said first
Law
Tax
the
of
190
PAN IES.—Section
of any such city, together
provides that every corporation, company or association required by Sec- in payment. If at any time the indebtedness
annual tax equal to with the indebtedness of any district, or other municipal corporation or
tion 187, 188 or 189 of this Chapter,to pay to the State ansurplus,
undivided subdivision except a county, which is wholly or in part included within the
a percentage of its gross premiums, capital stock,
less its water debt and sinking funds, shall
profits or undivided earnings for the privilege of exercising its corporate bounds or limits of said city,
of said city for purposes of taxation, its bonds
franchise, or carrying on its business in such corporate or organized ca- exceed 7% of the valuationand
until such indebtedness shall be reduced to
annually
it
thereafter,
to
shall
credited
have
stocks
and
pacity, which shall own any State bonds, shall
1% 7% of the valuation for the purposes of taxation, cease to be an authorized
to apply upon or in lieu of the payment of such ta.x,an amount equal to3%
banks.
savings
of
the
moneys
exceeding
not
for
rate
a
at
investment
interest
bearing
bonds
of
such
value
of the par
al
[On Feb. 15 1911 an opinion was rendered by the Attorney-Gener
annually, and owned and held in the name of such corporation, company or
as a basis in
deciding that both real and personal property should be usedsays
association. The text of this bill was given in V.84, p. 1216.
not
must
law
bank
savings
the
which
to
limit
credit
the
debt
7%
the
increase
to
determining
proposing
At the 1913 session a law was passed
banks
be exceeded in the case of municipalities in the bonds of which the
% on all holdings of bonds at not exceeding 3% interest and allowing
because of the fact that
of 1% on all bonds bearing more than 3% interest and not may make investments. The question was raised
a credit of
that
provides
this
State
of
cities
to
regard
in
special
provision
the
at
however,
the constitutional
exceeding 4% interest. This law was repealed,
no city shall be allowed to become indebted for more than ten per cent of
session which convened June 16 1913. V. 96, p. 1784.
92.
p.
V.
See
610.1
estate.
real
assessed
its
may leSAVINGS BANK INVESTMENTS—POWER AND RESTRICTIONS.
[On Apr. 27 1914 the Attorney-General, in holding that banksthat
it is
—The general banking law known as Chap.2 of the Consolidated Laws,was
invest in bonds of the City of Minneapolis, Minn., ruled
completely revised by the Legislature of 1914, but no material change was gally
purposes of
for
property
of
valuation
the
of
estimate
the
in
incitide
to
proper
banks, exupon
placed
made in that part of the law regulating investment by savings239,
valuation
the
above,
5
instead taxation, pursuant to sub-division
cept that the section dealing with this subject is now numbered
laws of the State of
the guaranty fund money and credits pursuant to Chap. 285 of the 1911
of 146, and its provisions apply to the sums credited to1915
an Act Minnesota. V. 98. p. 1404.
the full text
opinion,
an
as well as to savings bank deposits. The Legislature in thepassed
rendered
al
Attorney-Gener
[On Sept. 6 1912 the
State and in
authorizing banks to invest in certain Judgments against
14 1912, page ZOO. holding
canal of which was given in the "Chronicle" of Sept.
contracts entered into by the special examiner and appraiser of
investmehts.1
legal
are
Wash.,
Tacoma,
of
city
the
of
bonds
that
adds to
lands. (V. 100, p. 1525). Another amendment passed in 1915Law,
[In an opinion rendered Sept. 14 1912, the Attorney-General held that
the
Paragraph A a subdivision 7, of Section 239 of the Banking
is bonds of the City of Dallas, Tex. are legal investments. V.95. p. 842.1to
words which we have given in italics. The purpose of the amendment
[Improvement bonds of the City of Portland, Ore.. issued Pursuant
issued by
to remove any question as to the legality of the refunding bonds
Section 383A of the city charter are legal investments,accordingto an opinthe New York Central RR.since the last consolidation with the Lake Shore
of the Attorney-General dated April 5 1913. V. 96, p. 1169.
ion
an
passed
it Mich. Southern Ry. and other roads. In 1916 the Legislature
[On April 20 1916 the Attorney-General held that bonds of the city of
promissory notes in
amendment to sub-division 8 of Section 239 relating to
El
Tex., are legal investments. See V. 102. p. 1643.1
Paso.
to
the
bankadds
also
amendment
which investments may be made. This
[The Attorney-General in 1917 held that bonds of the City of San Franthe investment by
See
ing law a new paragraph (Sub-division 10) and allows
of New York. See cisco, Calif., and of the City of Peoria, Ill., are legal investments.
savings banks in the bonds of the land bank of the State
in the banking lave V. 104, p. 877.1
for
investments
legal
V. 102, p. 1825. Three important changes were made
declared
were
J.,
N.
Newark,
of
City
the
of
[Bonds
5 by wantby the 1918 Legislature. The first of these amends subdivision
their funds in tho se- savings banks by Attorney-General on July 11 1917.—V. 105, P.304.1
ing savings banks much broader authority to invest
in
situated
real
property
unincumbered
on
the
qualificaFormerly
6. in bonds and mortgages
curities of municipalities in contiguous States. States
were the same as this State to the extent of 60% of the appraised value thereof. Not more
in these
tions and limitations for municipalitiesprovided
so
be
shall
fund
guaranty
and
deposits
of
in
invest
may
amount
they
that
whole
the
of
is
than
65%
for those in other States. Now it
county, village or town sit- loaned or invested. If the loan is on unimproved and unproductive real
the stocks or bonds of any incorporated city,
which adjoins the State of property, the amount loaned thereon shall not be more than 40% of its
uated in one of the States of the United States
by savings banks appraised value. No investment in any bonds and mortgages shall be made
investment
the
New York. Another amendment permits
and by the assign- by any savings bank except upon the report of a committee of its trustees
in promissory notes secured by savings bank passbooks
in the State of charged with the duty of investigating the same, who shall certify to the
situated
estate
real
on
mortgages
ment of one or more first
be mortgaged, according to their
New York. The third amendment of 1918 adds a new subdivision (No. 11), value of the premises mortgaged or to
among the records
authorizing savings banks in this State to invest in bankers acceptances Judgment, and such report shall be filed and preserved
V.
See
deposits.
total
their
of
5%
the
corporation.
of
of
and bills of exchange to the extent
corporations:
as it now stands:
7. The following bonds of railroad
106, p. 1596, and 1738. We give Section 239 in full below
(a) The first mortgage bonds of any railroad corporation of this State
Sec. 239. A savings bank may invest the moneys deposited therein, the
income derived there- the principal part of whose railroad is located within this State, or of any
sums credited to the guaranty fund thereof and the no
others,and subject railroad corporation of this or any other State or States connecting with
from, in the following property and securities,and
corand controlled and operated as a partof the system of any such railroad
to the following restrictions:
poration of this State, and of whieh connecting railroad at least a majority
1. The stocks or bonds or interest-bearing notes or obligations of the of its capital stock is owned by such a railroad corporation of this State,
the
is
of
States
pledged
United
United States, or those for which the faith
any such railroad corporation of an issue to
and principal, including the or in the mortgage bonds of
to provide for the payment of the interest
retire all prior mortgage debt of such railroad companies respectively:
bonds of the District of Columbia. [The State Attorney-General ruled that provided that at no time within five years next preceding the date of any
the
land purchase
this sub-division does not authorize savings banks to invest in
such investment such railroad corporation of this State or such connecting
puncbonds of the Philippine Islands. V. 78, P. 298.]
railroad corporation, respectively, shall have failed regularly and
indebted2. The stocks or bonds or interest-bearing obligations of this State tually to pay the matured principal and interest of all itstomortgage
diviin
paid
have
State.
law
of
the
any
and
of
punctually
regularly
authority
the
thereto
to
pursuant
addition
in
issued
ness, and
during each of said five years an amount at least
3. The stocks, bonds or interest-bearing obligations of any State of dends to its stockholders
and provided, further,
stock;
capital
outstanding
its
all
upon
4%
to
and
no
default
is
equal
has
which
upon
there
there
which
upon
the United States
every such dividend the outstanding capital stock of
been no default for more than 90 days, provided that within 10 years im- that at the date of
or such connecting railroad company, respecmediately preceding the investment such State has not been in default for such railroad corporation,
equal to at least one-third of the total mortgage
been
have
shall
or
any
principal
part,
tively,
of
any
of
interest,
payment
more than 90 days in the
railroad corporations, respectively, including all bonds
debt duly authorized by the Legislature of such State to be contracted by indebtedness of such
in which
issued or to be issued under any mortgage securing any bonds,
such State since Jan. 1 1878.
be made. If by means of consolidation a railroad corshall
an
effect
to
rendered
investment
the
such
opinion
[On July 24 1909 the Attorney-General
thereto
prior
which
franchises
and
possess the properties
that bonds of the State of Oklahoma are legal investments for savings banks poration shall own and
and if the outstanding capital stock of the
under the terms of this sub-division. The right of the banks to invest in belonged to similar corporations,
least
at
to
equal
be
shall
consolidation
such
by
formed
these bonds was questioned for the reason that Oklahoma had not existed railroad corporation
total mortgage indebtedness of such railroad corporation,
as a State for ten years. The Attorney-General, however, was of the °pillion one-third of the
any
securing
mortgage
any
under
be
issued
to
or
issued
bonds
all
from
the
of
its
Including
the
bonds
fulfilling
requirementa
prevent
that this does not
such investment shall be made, and if during the fire years
law so long as there has been no default within ten years on any of the bonds in whichsuch
one of the consolidating railroad corporano
consolidation
preceding
next
298.1
89,
P.
V.
obligations.
regularly and punctually to pay the matured principal
(On Aug. 11 1909 the Attorney-General held that Port Commission 5% tions shall have failed
its mortgage indebtedness, and if in addition thereto during
bonds of the State of Louisiana "maturing at any time between July 1 1924 and interest of all ofpreceding
such consolidation, the dividends paid in cash by
next
years
for
five
savings
the
State
York
New
investments
legal
not
were
and July 1 1959"
corporations have equaled or exceededfour per
banks. The Attorney-General mentioned as a ground of objection to the one or more of such consolidating
amount equal to the combined capital stock of the
Port Commission bonds that they are not a direct obligation of the State centum per annum upon an
at the time of each dividend payment
outstanding
as
corporations
consolidating
not
in
Is
by
the
concurred
States
however,
United
of Louisiana. This view,
such successor railroad corporation formed by
authorities, for on Oct. 23 1911, the Assistant Attorney-General during such five-year period,
as having regularly and punctually paid,
considered
be
shall
consolidation
an
such
the
rendered
that
opinion
Department,
holding
Office
Post
for the
and interest and such dividends equal to or exceeding
bonds referred to are an obligation of the State of Louisiana, and in accord- such matured principal
per annum during the same period of five years, provided furance with this advice the Treasurer of the United States, on four per centum
paid in cash during each of such five years
dividends
of
amount
the
that
bonds
ther
his
be
office
would
that
the
by
accepted
March 11 1912 announced
hasTequaled or exceeded four per centum per annum on the stock of the consolias security for postal savings funds.]
at the time of such consolidation.
[Bonds of the State of Louisiana to be issued for the refunding of what is dated corporation as outstanding
The
(b) The mortgage bonds of the following railroad corporations: Co.,
known as "Consolidated Bonds," dueJan.1 1914,were held to be legal inRR. Co., Chicago Burlington & Quincy RR.
vestments for New York State savings banks in an opinion rendered by the Chicago & North Western
Central RR. Co., Pennsylvania RR.Co.,
Illinois
Co.,
RR.
Central
Michigan
In
3
1913.
(July
22
previous
opinions
on
October
-General
Attorney
Delaware Lackawanna & Western RR. Co.,
1912 and August 11 1909). it was held that, inasmuch as Louisiana had Delaware & Hudson Co. Hartford
RR. Co., Boston & Maine RR. Co.,
defaulted in the payment of the "baby bonds," other obligations of the New York New Haven
& Alton RR. Co., Morris & Essex RR.
Chicago
the
Co.,
RR.
Central
Maine
by
In
reversing
savings
bank
purchased
trustees.
legally
State could not be
New Jersey RR. 4c Canal Co.,•
United
Jersey,
New
of
RR.
these former rulings the Attorney-General said that it now appeared Co., Centralmortgage
bonds of railroad companies whose lines are leased
in the
that these "baby" bonds were not bonds for the payment of which the credit also
specified in this paracompany
railroad
any
by
controlled
or
operated
or
issued
the
agaWst
of
were
but
certain
revenues
of the State was pledged,
bonds be guaranteed, both as to principal and interest, by the
State, namely unpaid taxes,and were payable out of these revenues only. graph If said
are leased or by which they are operlines
said
which
to
company
railroad
does
not,
to
same
the
Attorneythe
according
pay
to
failure
the
Therefore
controlled.. Provided that at the time of making investment authorGeneral, constitute such a default as would make other bonds of the State ated or
bonds
ized by this paragraph the said railroad corporations issuing such
improper investments. See V. 97, P. 1227, 1304, 1367 and 1444.1
earned and paid regular dividends of not less than 4% per annum
have
of
shall
State
of
held
the
Attorney-General
bonds
that
the
[On June 16 1913
preceding
next
years
ten
the
for
stock
capital
of
issues
their
all
on
cash
New Mexico issued pursuant to an Act approved June 1 1912 are legal in- in
corsuch investment, and provided the capital stock of any said railroad
V. 96. p. 1852.)
vestments for New York savings banks.
equal or exceed in amount one-third of the par value of all
[Bonds of the Territory of Hawaii were held to be legal investments in an poration shall
authorized
bonds
all
that
provided
further
and
indebtedness;
Its bonded
Opinion by the Attorney-General dated Aug. 10 1914. V.99, p.
this paragraph shall be secured by a moatgage which is a
4. The stocks, bonds, interest-bearing obligations or revenue notes sold for investment byeither
the whole or some part of the railroad and railroad
at a discount of any city, county, town, village, school district. union free first mortgage oncompany
issuing such bonds, or that such bonds shall be
the
school district or poor district in this State, provided that they were issued property of
to retire all prior mortgage debts of such railroad
issue
an
of
bonds
of
and
credit
the
district
mortgage
or
faith
municipality
the
that
to
and
pursuant law
that the mortgage which secures the bonds
further,
provided,
company;
payment.
their
that issued them are pledged for
dated, executed and recorded prior to
5. (a) The stocks or bonds of any incorporated city, county, village or authorized by this paragraph is
1905.
the
1
the
of
adjoins
United
which
January
States
States
town, situated in one of the
Chicago Milwaukee &'St. Paul Railway
the
of
bonds
mortgage
The
(o)
State of New York. If at any time the indebtedness of any such city, town
Rock Island de Pacific Railway Co., so long as they
or village, together with the indebtedness of any district or other munici- Co. and the Chicago
at
least 4% dividends per annum on their
and
pay
earn
to
in
or
continue
wholly
a
shall
is
county,
which
except
pal corporation or sub-division,
stock, and provided their capital stock shall equal or
part included.within the boundaries or limits of said city, town or village, outstanding capitalone-third
par value of all their bonded indebtedof
the
amount
in
exceed
county,
,
of
the
any
such
indebtedness
or
fund,
lessiits water debt and sinking
provided that all bonds of either of said companies hereby
less its sinking fund, shall exceed 7% of the valuation of said city, county, ness, and further
investment shall be secured by a mortgage which is a first
town or ivillage for the purposes of taxation, its bonds and stocks shall authorized for
whole or some part of the railroad or railroad propthereafter, until such indebtedness shall be'reduced to 7%tof thelvaluation mortgage on either the
possession of and operated by said company, or that
for the purposes of taxation, cease to be an authorized investment for the erty actually in the
of
such bonds shall be mortgage bonds of an issue to retire all prior debts
moneys of savings banks.
provided, further, that the mortgage which secures
(b) The stocks or bonds of any incorporated city situated in any other of said railroad
recorded
and
executed
dated,
is
company*.by this paragraph
the States of the United States which was/admitted to Statehood prior to the bonds authorized
1 1905.
Jan. 11896, and which, since Jan. 1 1861, has'inot repudiated or defaulted prior to January
RR.
(d) The first mortgage bonds of the Fonda Johnstown & Gloversville
in the payment of any part of the principal or interest of any debt authorized
bonds of said railroad company of an issue to retire
mortgage
the
in
or
Co.,
said
city
provided
contracted,
be
to
State
of
any
such
Legislature
the
by




54

NEW YORK-CITIES AND TOWNS.

(Vol, 106.

all prior mortgage debts of said railroad company, and provided the capital anal upon the
covered by such mortgage or mortgages, shall
stock of said railroad company shall equal or exceed in amount one-third have been fully buildings,
complied with. Such loans shall be considered mortgage
of the par value of all its bonded indebtedness, and provided also that loans and the amount
thereof, together with all direct loans by any such
such railroad be of standard gauge of four feet eight and one-half savings bank upon bonds
and mortgages shall not exceed 65%, of the whole
inches and in the mortgage bonds of the Buffalo Creek Railroad Company amount of the deposits and
the guaranty fund of any such savings bank.
of an issue to retire all prior mortgage debts of said railroad company,pro(d) Promissory notes made payable to the order of the savings bank
vided that the bonds authorized by this paragraph are secured by a mort- within 90 days from the date
thereof, secured by the pledge and assignment
gage dated, executed and recorded prior to Jan. 1 1905.
of the passbook of any savings bank in the State of New York as collateral
(e) The mortgage bonds of any railroad corporation incorporated under security for the payment thereof. No such loan shall exceed 90% of the
the laws of any of the United States which actually owns in fee not less than balance due the holder of such passbook as shown therein.
500 miles of standard-gauge railway, exclusive of sidings, within the United
9. Real estate as follows:
States, provided that at no time within five years next preceding the date
(a) A plot whereon there is or may be erected a building or buildings
of any such investment such railroad corporation shall have failed regularly suitable for the convenient
of the business of the savings bank.
and punctually to pay the matured principal and interest of all its mortgage from portions of which not transaction
required for its own use a revenue may be deindebtedness and in addition thereto regularly and punctually to have paid rived.
1
in dividends to its stockholders during each of said five years an amount at
(b) Such as shall be conveyed to it in satisfaction of debts previously
least equal to 4% upon all its outstanding capital stock; and provided, contracted in the course
of its business.
further, that during said five years the gross earnings in each year from
(c)
as it shall purchase at sales under judgments, decrees or mortthe operations of said company, including therein the gross earnings of all gages Such
held by it.
railroads leased and operated or controlled and operated by said company.
The
of a savings bank shall not be held liable for investing
and also including in said earnings the amount received directly or indirectly in 'Statetrustees
or municipal bonds named in the last list furnished by the Superby said company from the sale of coal from mines owned or controlled by it,
of Banks pursuant to Section fifty-two of Article two of this
shall not have been less in amount than five times the amount necessary to intendent
chapter, or in any railroad bonds mentioned in such Hit, which have been
pay theoisnster
aeo
l tx,s3rarbeinetIlluriN
dt ye
ea
ar
r0
111)0
a71 ilta
eas
ee
nclir
lfae
os
tas
ata
agdgfai
la
er
legally issued and properly executed, unless such savings bank shall have
g
said
been notified by the Superintendent of banks that, in his judgment, such
• Er
eoe
veleu
er
decthg7
ta
olimbooAd
gs
agaeuloo
rized forinvestment by this pa'ragraph shall ob0
0
0ntd
iosodo not conform or have ceased to conform to the provisionsof this
which is at the time of making said investment
or was at the date of the execution of said mortgage, (1) a first mortgage
10. Bonds of the Land Bank of the State of New York.
upon not less than 75% of the railway owned in fee by the company issuing
said bonds, exclusive of sidings at the date of said mortgage or (2)a refund11. Bankers' acceptances and bills of exchange of the kind and maturiing mortgage issued to retire all prior lien mortgage debts of said company ties made eligible by law for rediscount with Federal Reserve
banks,
outstanding at the time of said investment and covering at least 75% of the provided the same are accepted by a bank, national banking association
railway owned in fee by said company at the date of said mortgage. But trust company, incorporated under the laws of the State of New York or
or
no one of the bonds so secured shall be a legal investment In case the mort- under the laws of the United States and having its principal place of busigage securing the same shall authorize a total issue of bonds which, together ness in the State of New York. Not more than 20% of the assets of any
with all outstanding prior debts of said company, after deducting there- savings bank less the amount of the available fund held pursuant to the
from In case of a refunding mortgage the bonds reserved under the provisions provisions of Section 251 of this chapter, shall be invested in such acceptof said mortgage to retire prior debts at maturity, shall exceed three times ances. The aggregate amount of the liability of any bank, national bankthe outstanding capital stook of said company at the time of making said ing association or trust company to any savings bank for acceptances held
investment. And no mortgage is to be regarded as a refunding mortgage, by such svaings bank and deposits made with it shall not exceed 25% of
under the provisions of this paragraph, unless the bonds which it secures ma- the paid-up capital and surplus of such bank, national banking association
ture at a later date than any bond which it is given to refund,nor unless It or trust company and not more than 5% of the aggregate amount credited
covers a mileage at least 25% greater than is covered by any one of the prior to the depositors of any savings bank shall be invested in the acceptances
mortgages so to be refunded.
of or deposited with a bank, national banking association or trust company
inn an opinion rendered by the Attorney-General on Jan. 13 1908, of which a trustee of such savings bank is a director.
stating that bonds of the Missouri Pacific By.Co.were not legal investments
SUPERINTENDENT MUST FURNISH SAVINGS BANKS LIST OF
for savings banks, owing to the fact that the dividend for the6 months ending LE3AL
INVESTMENTS.-Section 52 of Article II of the General BankDec.3i 1907 had been paid with a new issue of stock, he held that the words
Law reads as follows:
"an amount"must necessarily mean the payment thereof in cash. V.86,p.494.1 ingOn
or
before the first day of January, 1915, and on or before the first
(In an opinion dated Apr. 14 1914. the Attorney-General held that cer- day of January
in each and every year thereafter, the Superintendentof
tain bonds of the Chicago Milwaukee & St. Paul By. Co. are legal invest- Banks
shall mail to each savings bank in the State a list containing the names
ments for savings banks. V. 98. p. 1333.1
of
States
and
municipalities,
the bonds of which, in his judgment,If legally
(1) Any railway mortgage bonds which would be a legal investment under
and properly executed, conform to the requirements of Section 239
the provisions of paragraph (e) of this subdivision, except for the fact that issued
this Chapter,and also as complete a list as is practicable of railroad bonds
the railroad corporation issuing said bonds actually owns In fee less than 500 of
miles of road, provided that during five years next preceding the date of which, in his judgment, if legally issued and properly executed, conform to
of said Section.
any such investment the gross earnings in each year from the operations of the provisions
the preparation of such list he may employ such expert assistance as
said corporation, including the gross earnings of all lines leased and oper- beIn
deems
proper
and apportion the expense thereof among the savings
ated or controlled and operated by it, shall not have been less than tea banks of the State,
or he may rely upon information contained in publicamillion dollars.
tions
which
he
may
deem authoritative in reference to such matters. He
(g) The mortgage bonds of a railroad corporation described in the forebe In no way liable for the omission from such list of the name of any
going paragraph (e) or (f) or the mortgage bonds of a railroad owned by shall
State
or municipality the bonds of which conform to the provision of said
such corporation, assumed or guaranteed by it by indorsement on said Section,
or of any railroad bond which conforms to the provisions ofsaid
bonds, provided said bonds are prior to and are to be refunded by a general Section, nor
the inclusion in such list of the name of any State or mumortgage of said corporation, the bonds secured by which are made a legal nicipality thefor
of which do not conform to the provisions of said Secnvestment under the provisions of said paragraph (e) or (f); and provided, tion, or of anybonds
railroad
bond which does not conform to the provisions of
further, that said general mortgage covers all the real property upon which said Section.
the mortgage securing said underlying bonds is a lien.
[For list of bonds considered legal investments on Jan. 1 1918," see "Chron(h) Any railway mortgage bonds which would be a legal investment icle"
of Feb. 16 1918, pages 728 and 729.
under the provisions of paragraph (e) or (g) of this subdivision, except for
the fact that the railroad corporation issuing said bonds actually owns is
TRUST FUNDS.-How Loaned or invested.-Sec. 21. Chap. 41, Consol.
fee less than 500 miles of road, provided the payment of principal and In- Laws of 1909, permits executors, administrators, guardians, &c.,
to invest
terest of said bonds is guaranteed by indorsement thereon by, or provided In the same securities as savings banks. We quote the provision below:
said bonds have been assumed by a corporation whose first mortgage is, or
INVESTMENT
OF
TRUST
FUNDS.
-A
trustee
or
other
person
holding
refunding mortgage bonds are, a legal investment under the provisions of trust funds for
investment may invest the same in the same kind of securiparagraph (e) or (1) of this subdivision. But no one of the bonds so guaran- ties
as
those
in
which
savings
banks
of
this
are
State
by
law
authorized
to
assumed
or
teed
shall be a legal investment in case the mortgage securing invest the money deposited
therein, and the income derived therefrom, and
the same shall authorize a total Issue of bonds which,together with all the in
bonds and mortgages on uninoumbered real property in this State worth
outstanding prior debts of the corporation making said guaranty or so as- 50%
more than the amount loaned thereon.
suming said bonds, including therein the authorized amount of all previously
guaranteed or assumed bond 'issues, shall exceed three times the capital
stock of said corporation at the time of making said investment.
(1) The first mortgage bonds of a railroad the entire capital stock of which,
except shares necessary to qualify directors, is owned by and which is
CITIES, COUNTIES AND TOWNS IN THE
operated by a railroad whose last issued refunding bonds are a legal investment under the provisions of paragraph (a), (e) or (f) of this subdivision,
STATE OF NEW YORK.
provided the payment of principal and interest of said bonds is guaranteed
by endorsement thereon by the company so owning and operating said road,
Washington Park.
and further provided the mortgage securing said bonds does not authorize ADAMS (VILLAGE).
This village is in Jefferson Co. Os '77 M-N $20,000-...May 1 1919
an Issue of more than $20,000 In bonds for each mile of road covered thereby.
58 '78 M-N 40,000_ ..May 1 1920
But no one of the bonds so guaranteed shall be a legal investment in case Incorporated in 1851.
Water Works Bonds (Tax-free). 4s '80 M-N 302,000-Max 1 '20-'30
the mortgage securing the same shall authorize a total issue of bonds
J-J $12.600r.._1918-1926 45 '81 M-N 30,000- __May 1 1921
which, together with all the outstanding prior debts of the company making 34s
J-J
,
3,000r ____1918-1932 4s '82 M-N 52,000____M&N 1 '22
said guaranty, including therein the authorized amount of all previously 430
48 '85 F-A 10,000-- --Feb 1 1925
Refunding Bonds (tax-free).
guaranteed bond issues, shall exceed three times the capital stock of said
J-J
$6,200r
3,000_ __June 1 1934
company at the time of making said investment. Bonds which hatte been 5s
1918 28 '94 J-D
J-J
5,000r ____1918-1943 3 Ms'96 M-N 7,000 ..May 1 1936
or shall become legal investments for savings banks under any of the pro- 5s
Public Park knot. Bonds.
1,700r
visions of this section shall not be rendered illegal as investments though the
1919
J-J 1 8,700r
property upon which they are secured has been or shall be conveyed to 5s
38,200__Jan 1 '19-'33
1920 450'13 J-J
1,700r
another corporation, and though the railroad corporation which Issued or
1921 48 '16 M-N 9,000r_May 1 '19-'36
assumed said bond has been or shall be consolidated with another railroad _s '17 J-J
1,700_--_July 1 1922 4s '17 A-0 28,500r .Apr 1 '19-'37
corporation, if the consolidated or purchasing corporation shall assume the BOND. DEBT May 12'17_$40,500 43s'17 M-S 2,500r_Nov 1 '18-'37
Store House Impt. Bonds.
payment of said bonds and shall continue to pay regularly interest or divi- Assess. val. real estate
845,425
dends or both upon the securities Issued against, in exchange for or to acquire Total val.'17(U actual)._ 892,450 48 '13 J-J
$3,750__Jan 1 '19-'33
Riverside Park.
the stock of the company consolidated or the property purchased,or upon VII. tax rate (per $1,000)'17-$10.80
securities subsequently issued in exchange or substitution therefor to an Population in 1915
1,571 330'01 A-0 $11.900--Oct 1 '18-'21
3
Ms'04
F-A
amount at least equal to 4% per annum upon the capital stock outstanding
Feb 1 '19-'24
525
Public Improvement Bonds.
at the time of such consolidation or purchase of said corporation
which has AKRON.
issued or assumed said bonds. Not more than 25% of the assets of any
This village lain Erie County. In- 3%8'04 F-A $10.600.95rFeb 1 '19-24
3348'06
F-A 32,800r_Feb 1 '19-'26
savings bank shall be loaned or invested in railroad bonds and not more than corporated in 1850.
48 '09 M-S 122.925r_Mch 1 '19-'29
10% of the assets of any savings bank shall be invested in the bonds of any
Water and Lighting Bonds.
one railroad corporation described in paragaph (a) of this subdivision, and 5s '17 A-0 q1,000r___Apr 1 1918 45 '10 J-D 131,376r_June 1 '19-'30
not more than 5% of such assets In the bonds of any other railroad corpora18,000r-Apr 1 '19-'27 4s '11 M-N119,200r_Nov 1 '19-'31
,
48'12 M-N 58,800r_May 1 '19-'32
tion. In determining the amount of the assets of any savings bank under BOND.DEB Apr 1917-- _$48,000 0
the provisions of this subdivision, its securities shall be estimated in the Assess. val., real estate__ _1,304,355 0-18'12 A-0 53.475r _ _1918-1939
12,800
manner prescribed for determining the per centum of par value surplus by Total valuation
1918-1933
1,309,955 4 s'13 J-J
J-J 154,700r Jan 1'19-'35
Section 257 of this article. Street railroad corporations shall not be con- Population 1915
1,856 4Ms'15
4)0'15 J-J
14,900r__Jan 1 '19-'20
sidered railroad corporations within the meaning of this subdivision.
35,700r__Jan 1 '19-'35
8. (a) Promissory notes payable to the order of the savings bank upon ALBANY. Elmer D.Gunn, Comptr. 4q8'15 J-J
4 s'15 J-J
2.450r_Jan 1 '19-'25
demand, secured by the pledge and assignment, if necessary, of the stocks
Albany Is in Albany County. In- 4 8'15 J-D 113.900r-June 1 '19-'35
or bonds of any of them enumerated in sub-divisions one, two, three, four, corporated
July
22
1686.
4)0'15
J-D
1.490r_June 1 '19-'20
five and ten of this section or by the railroad bonds or any of them menStreet impt. Bonds.
48 '16 M-N 41,400r_May 1 '19-'36
tioned and described in sub-division seven of this section, but no such loan 430'15
e 1 '19-'25 4s '16 M-N140,600r_Nov 1 '18-'36
shall exceed ninety per centum of the cash market value of such securities 4s '16 J-D$255,500r_Jun
y 1 '19-'26 4s '16 M-N 44,800r_Nov 1 '18-'31
so pledged. Should any of the securities so held in pledge depreciate In 48 '16 M-N189.300r_Ma
M-N 48,000r_May 1 '19-'21 4s '17 A-0 101,000
1918-1937
value after the making of such loan, the savings bank shall require an im- *0'17 M-S
214,000r_Nov
1 '18-'27 43-0'17 M-N126,500
1918-1937
mediate payment of such loan or of a part thereof or additional security
State Street [mt. Bonds.
City Hall Bonds.
therfore, so that the amount loaned thereon shall at no time exceed ninety 4 Ms'12
M-N $100,000
May 1 1962 4s '17 A-0$192,800r_Apr 1 '19-'29
per centum of the market value of the securities so pledged for such loan.
J-J 300,000____Jan 1 1963 4s '17 A-0 350,000
1918-1937
(b) Promissory notes made payable to the order of a savings bank 43(8'13
430'13 J-D 100,000- _June 1 1963
School Bonds,
upon demand by a savings and loan association of this State which has 43(8'15
M-N
3)0'O0
52,650r-Nov
M-N
1
'18-'35
$6,000
__May
2 '19-'20
been incorporated for three years or more and has an accumulated capital
High-School Bonds.
330'03 F-A
8,750...Feb 1 '19-'23
of at least fifty thousand dollars.
4s '10 J-D $60,000r_June 1 '19-'30 018'12 A-0 77,000rOct 1 '18-'32
(c) Promissory notes made payable to the order of the savings bank 48
F-A 130,000r_Feb 1 '19-'31 00'13 A-0 80,000r__Oct 1 '18-'33
within 90 days from the date thereof secured by the assignment and pledge 4s '11
'11 J-D 121,000r.,June 1 '19-'31 4 s'14 M-8 6,000r_ _Mar 1'19-'24
to it of one or more first mortgages on real estate situated in the State of 4
8'13 J-J 150,000__Jan 1 '19-'33 4 s'14 J-D 118,200r-June 1 '19-'34
New York, provided that the amount of any such note is not in excess of 4 s'13
75,000r_June 1 '19-'33 4 s'13 A-0 4,000
1918-1921
60% of the appraised value in the case of improved real estate, or 40% 4 s'13 J-D
A-0 48,000r__Oct 1 '18-'33 4348'15 J-D 126,000
1918-1935
In the case of unimproved or unproductive real estate, of the property or 4 s'14 J-D
28,900__June 1 '19-'34 4s '17 A-0 19,000r_Apr 1 '19-'37
properties mortgaged; that the amount of any such loan shall not exceed
Beaver Park.
Intercepting Sewer Bonds.
75% of the principal sum secured by said mortgage or mortgages; that the 3348'99
JJ
1.500- __July 1 1918 43js'12 A-0$100,000r____Oct 1 1952
value of said properties has been certified in accordance with the provisions
30'01 F A
1.500 Feb 1 '19-'21 43s'14 J-D 200,000r___June 1 1954
of Sub-division 6 of this section; that the assignment of each of such mort- 3
43(s'14 J-D 39,812__June 1 '19-'34 48'15 J-J 200.000r.. .Jan 1 1955
es
ofhtas bganpliec
orordteeri:
fetrhou)
or(getrho
offUles
e oafnicho
thperti)pror
ovtiVo
ard otfheS7o.s
ction
Sewer (Beaver Creek).
4)s'15 J-D 250,000r__June 1955
410'15 J-J $29,750__Jan 1 '19-'35 4s 16 M-N 250.000r__ - May 1
1 1956

m




JUNE, 1918.]

NEW YORK-CITIES AND TOWNS,

Court-House Bonds.
ALBANY (Concluded)
430'13 --- 3100.000-__Apr 15 1935
Sewer Disposal Bonds.
430'14 M-N300,000r_May 1 '36-'38
48 '17 A-0 $150,000r
4s '17 A-0 180,000__Apr 1 '19-36 430'15 M-N300.000r_Mar 115'39-'41
1918-1937 43(315 M-S 00,000r_Sep '42-43
4s '17 A-0 200,000
150,000r_Sept 15 1944
Grade Crossing.
Toll Road Purchase Bonds.
330'03 F-A 57.250-Feb 1 '19-'23 4s '07 M-S $31,500r__Mch 1 '19-'27
430'14 J-D 200,000r___June 1 1954
Highway Improvement Bonds.
ts '16 M-N 95,000r_N ov 1 '18-'36 3)s
F-A$144,000r__Aug '18-'25
2,000r_ _ _Mch 1 1919
M-S
330
River Front Impt. Bonds.
1928
1
_July
4s '07 M-N 63,000r_May 15'19-'27
4s '()8 J-J $300,000r..
430'12 A-0 100,000c ___ _Oct 1 1962 4s '08 A-0 47,650r__Oct 1 '18-'28
430'13 A-0 200,000c___Oct 1 1963 43 '09 J-J 48,900r_July 1 '18-'30
430'14 M-S 320.000-Mar 1'54&'64 48 '11 ___ 75,000r .Oct 1 '18-'32
430'14 J-D 25,600__June 1 '19-'34 430'12 A-0 98,000r__Oct 1 '18-'34
430'15 J-J 60,000r___Jan 1 1955 430'14 --- I 6.000r Aug 15 '18-'23
124.000r_ _Aug15 1924
430'15 J-D 130,000r___June 1 1955
4s '16 M-N 60,000r___May 1 1956 430'15 J-J 69,200r_July 15'18-'29
430'16 __- 1 2,000__Oct 1 '18-'19
Re-Surfacing Bonds.
30,000__Oct 1 '20-'22
430'13 A-0$88,000r___Oct 1 '18-'28
15,000____Oct 1 1923
430'14 J-D 110,000._June 1 '19-'29
1918-1933 43'I8'16 ___ 12,000____Oct 1 1924
430'13 A-0 16.000
1 '31-'34
20,000__Oct
'19-30
1
85,000r__Jan
430'15 J-J
Almshouse Bonds.
4s '16 M-N 70,000r_Nov 1 '18-'31
M-N $6,750r_.May 1 '19-'21
3;is
Fire-Alarm Bonds.
Refunding City Hail Bonds.
430'13 A-0 $12,000r_Oct 1 '18-'23
A-0 $51.875r_Oct 1 '18-'22
4s'16 M-N 27,000r_May 1 '19-'36 330
Refunding Bonds.
'19-'25
1
14.000r__Apr
A-0
'17
45
430'18 ___ $150,000___Feb 15 1923
South Pearl Street.
430'15 M-N$28,600r_Nov 1 '18-'30 BOND. DEBT Jan 1 '18_32,282,250
Total assessed val. 1915_151,243.752
Northern Boulevard Bonds.
43(s'15 M-N$26,000r_Nov 1 '18-'30 County tax (per $1,000) 1918 --$6.80
Pop'n 1910. 173,666; 1915, 183.330
Willett Street Bonds.
INT. at County Treasurer's office.
430'15 M-N$11,700r_Nov 1 '18-'30
Refunding Bonds.
830'04 M-N $35,250 .May 1 '18-'24 ALBION.
This village is in Orleans County.
Broadway Improvement.
330'01 A-0 $4,400 __Oct 1 '18-'21 Inc. 1828. Pop'n 1915, 5,988.
430'14 J-D 22,000-June 1 '19-'29
Water Wks. Purch. Ext.
1918-1930
Watervliet Avenue.
4.80s'14Aug$150.000
830'01 A-0 $1,820 __Oct 1 '18-'21
Highway Bonds.
Madison Avenue.
430'14 Aug $8.650_Aug 10 '18-'22
830'01 A-0 $11,200 __Oct 1 '18-'21 43.0'16 Aug 79,600r_Aug 10 '18-'41
Central Ave. Impt. Bonds.
Sewer Bonds.
1918-1933 4.653'13Aug$144,000c Aug 10 '19-'42
430'13 J-D $22,160
Washington Ave. Bonds.
BOND.DEBT Apr 11'17__$407,400
1918-1933 Assessed valuation 1916__$4,060,283
43.0'13 A-0 $72,000
New Scotland Ave. Bonds.
Tax rate (per $1,000) 1916._$1O.29+
1918-1933
43,0'13 A-0 $72.000
Dela. Ave. & Whitehall Road.
ALEXANDRIA BAY.
1918-1928
430'13 A-0 $22,000
This village is in Jefferson Co.
Incorporated in 1878.
Public Bath Bonds.
330'01 F-A $1,500 ___Feb 1 '19-'21
Refunding Bonds.
$2,800
Soldiers' & Sailors' Monument. _s
Convention Hall Bonds.
48 '11 M-N $100.000r_May 1 '21-30
No. Boulevard Sidewalk Bds. 4s$1.500_ _June 1'18-'22
430'14 J-D $2,100__June 1 '19-24
Fire Engine Bonds.
$1,977.50
Water.
330'98 M-N $10,000-_May 1 1918 3%s-($2-82 50 yrly. on June 1)
Water Works Bonds.
3 Ms'99 M-N 10,000 __May 1 '19-19
'19-'24
1
330'04 F-A 13,500r_Feb
4s
$18,000-June 1 '18-'32
4s '07 J-D 50,000r_Dec 1 '18-'27
Sewer Bonds.
4s '08 A-0 100,000r_Apr 1 '19-'28 4s$24.000__June 1 '18-'32
1928
4s '08 J-J 200,000r_ __July 1
Street Improvt. Bonds.
$7,500....Dec 1 '18-'32
45 '06 J-D 45,000r_Dec 1 '18-'26 4s
4s '09 J-D 200,000r_ _Deo 1 1929
Fire-Department Bonds.
4s '10 J-D 100,000r_ _Dec 1 1930 55 '17 J-D $4,700_Duo part yrly.
45 '11 M-N 100,000r_ __Nov 1 1931 GEN.BD.DT. May 18'18 $42.477
7 1931 Water debt (additional)___
18,000
48 '11 J-D
4 gs'12 M-N 100,000 __ __May 1 1932 TOTAL DEBT May 18.'18 $60,477
4%s'13 J-D • 70,300r_June 1 '19-'33 Assess. val. real estate___1,178,500
'19-'34
1
80,000r_Mar
personal
45,600
Assessed val.
918'14 M-S
7,839
• 4 8'14 M-N170,000r_Nov 1 '18-'34 Other assessed property
430'15 J-D 70,075r_June 1 '19-'25 Tot.a.sses.val.'18(70%act.)1,231,039
'18-'35
1
90,000r_Nov
Total tax rate (per $1,000)'18_316.00
430'15 M-N
48 '16 M-N 90,000r_May 1 '19-'36 Pop'n in 1915, 2,062;'18 (est.). 2,250
Water Refunding.
330'00 J-J 515,000„Feb 1 19-'20 ALFRED.
330'01 F-A 31,575- --F.eb '19-'21
This village is in Allegany County.
330'02 F-A 15,600 _Feb 1 '19-22 Incorporated in 1887.
330'03 F-A 15,000 __Aug 1 '18-'23 BONDED DEBT (water)
Oct 20 1916
*Street Improvement.
$27,000
48 '09 M-S $22,400r_Mch 1 '18-'19 Floating debt
1.200
4s '10 J-D 73,626__JUlle 1 '19-'21 Assess. val. real estate
214,543
'19-'21 Total assess. value 1916
230,728
48 '11 J-D 27,876__June 1 '19-'22
1
__May
430'12 M-N 76,464
Tax rate (per $1,000) 1916_ _ _515.00
43013 J-D 97,000r_June 1 '19-'23 Population in 1910
759
430'14 J-D 118,200_June 1 '19-'24
5.599.92Jan 1 '19-'30 ALLEGANY.
430'15 J-J
This village is in Cattaraugus
Police-Station Bonds.
45 '17 A-0 $33,250r_Apr 1 '19-37 County.
5s '17 s-a $21,000
Re-Paving Bonds.
430'17 M-S $75,000r_Nov 1 '18-'32 (Due $1,000 yearly beginning
b years after date.)
430'17 M-S 24,000r_Nov 1 '18-'32
Paving Bonds.
438'17 M-S 22,500r_Nov 1 '18-'32
5s '.7 Aug $23,000r_Aug 1 '22-'44
Road-lmpt. Bonds.
430'17 M-S $2,500r_Nov 1 '18-'37 BOND.DEBT Aug 6 '17_ $53,000
• Principal and interest paid by Floating debt
1,300
Assessed valuation 1917
holders of property benefited.
351,423
INTEREST on Washington Park Tax rate (per $1.000)
$23.60
bonds issued from 1870 to 1880, and Population in 1915 (Census)_ _1,327
on water bonds of 1877, is payable In
INT. payable at First National
New York; on others In Albany.
Bank, Allegany.
CITY PROPEItTY.-Assess. val.
of property owned by city April 1 ALTAMONT.
1918, $12,614,375.
This village Is in Albany County.
TOTAL DEBT, SINK. FDS.,&c. Incorporated in 1890.
June 1 '18. Apr. 1 '17. BOND. DEBT Apr 19 'IS.. _356,000
General bonds$7,114,791 $6,676,100 Assessed val. real estate 1914 522,762
Water bonds_ 1,624,700 1,756,050 Total valuation 1917
585,062
Village tax rate (per $1,000)___$5.5p
Total bonds$8,739,491 $8,432,150 Population in 1915
805
1,011,360
Sinking funds 1,213,512
AMSTERDAM.
MIN "I
Not debt _ _ _37,525,979 $7,420,790
This city is in Montgomery County
In addition to the above there Inc. April 16 1885. Pop'n '15. 31,319
are outstanding street improvement
Mohawk River Bridge Bonds,
assessment bonds amounting on 430'14 A-0 $125.000r_Apr 1 1934
April 1 1918 to $1,188,350.
Water Bonds.
This city owns and operates Its 5s
A-0 $65.000__. Oct 1 1921
water system, and the principal and 330
A-0 75.000__A&O 1 '21-'22
interest of the water debt are paid 33.s
J-D 30,000_ _ _ _June 1 1923
out of water rent receipts.
A-0 30,000._.._Oct 1 1926
4s
A-0 25.000____Oct 1 1926
ASSESSED VALUATION.
3s
200.000._ _June 1 1929
J-D
3;0
1918.
1917.
M-S 87,000
1917-1930
Real estato_$99,761,700 $97,594,710 430
M-S 69,000____Mar 1 1959
Bank stock_ 6,406,047
6,208,264 3Ns
Sewer Bonds,
Personal_ __ 4,075,500
6,931,800
J-J $108,775__July 1 '18-'36
Franchises _ 7,125,760
7,206,980 39
J-J 21,500__July 1 '19-'35
Total_ _ _$117,369,0073117,941,754 3s
J-J 46,000__July 1 '24-'44
Tax (per $1,000) 1918
$28.80 4s
J-J
18,000__July 1 '31-'34
POPULATION.-1915, 107.979! 4s
J-J 25.000_July 1 '41-'45
100,253;
1905.
1910,
98,374.
4s
J-J 21,000__July 1 '443-'48
48
J-J 37,000_ _July 1 '37-'40
35/48
ALBANY COUNTY.
Bridge St. Impt. Bonds.
County seat is the city of Albany.
450'14 J-J $25,000_ -__July 1 1934
Refunding Bonds.
General City Bonds.
4s '11 F-A $5,000r___Feb 15 1919
430'12 A-0 $30,000__Oct 1 '18-'23
Toll-Bridge Purchase.
1918-1926 BOND.DEBT Apr 19'17 $1,049,000
430'14 M-N$46.431
581,000
Water debt(included)
War Loan (Refunding)
25,557
48 '05 • M-S $13,600r_Mch 1 '19-'26 Sinking funds General _
7,000r_ _Mch 1 1918
M-S
1Water52,045
45
48.300__Mar 1 '19-'25 Assess. val., real & franch.14,295,345
48
9,000__Mar 1 '19-'21 Assess. val. personal prop. 331,150
4s




55

Sidewalk (outstanding Apr. 1 '184
$47,250
Oth.assess.prop.(pension)
Tot.assess.val.'16(45%act.)14673745 430_,-__ 534.141.98
Ext. Expend. (outst. Apr. 1 1918.)
Total tax (per $1,000) 1916___$29.34
INT. payable at Nat. Park Bank 4308t5s --- $59,005.00 --Temporary (outst. Apr. 1 1918.)
and Bank of Manhattan Co., N. Y.
_ _ $37,280.71
-s Fire House Deficiency.
AMSTERDAM SCHOOL DIST.
--- 54.440-Mar 6 '19-'42
A-0 $60,775__Oct 1 '18-'47 48
46
Playground.
M-S 4,000__Sept 1 '18-'18
48
$2,500_Apr 27 '19-'23
A-0 13,325_Apr 1 '19-'26 430
430
430'13 M-N 52.850r_May 1 '19-'43 GEN. BD. DT. Apr 1 '18 $951,768
___ 36,700-May l'19.'34 Assessment debt (add'1)____ 350,998
4s
405,000
BOND.DEBT Apr 10'17_$172,850 Water debt (included)
100,359
Assess. val.'16 (3-5 act.)_13.779,048 Water sinking fund
School tax (per 51,000) 1916-58.19 Assess. val. real estate___20,777,886
Population in 1916 (est.)____35,000 Assess. val.spec.franchises 791,700
660,307
/NT.at Amsterdam Savings Bank. Assess. val. personal
Tot.assess.val.'17(75%act.)22229892
ANGOLA.
_$32.00
_
Tax
(per
$1,000)
rate
This village is in Erie County. In- Popula'n 1910, 34.668;
1915, 32,468
1917_corporated 1873.
INT. on water bonds at Marc. Tr.
Judgment Bonds.
N. Y.; on school & sewer bonds
bs '15 Apr $10,000r_Apr 1 '19-'28 Co.,
of 1909 at I.S.Mtg.& Tr.Co..N.Y.
Street Bonds.
$14,000__Apr 8 '19-'32 AURORA (r.) UNION FREE
4Us'12
Water Bonds.
SCHOOL DISTRICT NO. 1.
45s'10 J-D $48.000c_Dec 1 '18-'39
district (P. 0. East Aurora)
BOND. DEBT May 1918_372,000 is This
in Erie County.
48,000 454s'16
Water debt (incl.)
1 '20-'44
841,326 BOND.M-N$125,000r_Nov
Total assess. val. 1917
DEBT April 1917.. $127,000
(Assessment about 2-3 actual)
Assessed valuation 1916...3,l10,293
Tax rate (per $1,000) 1917-311.89 l'ax
rate (per $1,000) 1916__$7.71 +
Pop'n 1915, 1,194; 1917 (est.) 1,300 INT.
at Erie Co. Trust Co., East
INTEREST payable at Bank of Anexchange.
gola or Chase National Bank. N. Y. Aurora,or in N. Y.
AVON.
ANTWERP.
This village is in Livingston Co.
This village Is in Jefferson County.
1853. Population 1915, 2,430.
Incorp. in 1854. Pop. 1915, 1,057. Inc.
Street-Improvement Bonds.
BOND.DEBT Mar 1 1915._$34,500 4.35s12A-0
1 '18-'23
Assessed val., real estate____382,310 4.35s'12 J-J $9,000r_Oct
5,400 ___July1'18-'32
Total valuation 1914
413,140
Water Bonds.
ARCADE.
430'96 J-D $22,800r_ _Dec 1 '18-'36
This village is in Wyoming County. 430'08 J-J 35.000 ___July 1'18-'38
Inc. 1871. Population 1915, 1,568.
Sewer Bonds.
Real Estate Purchase Bonds. 4.40s'12 F-A $9,000r.Aug 1 '18-'35
5s '17 Aug $3,000__Aug 1 '18-'20 4.65s15_
8.000__Oct 1 '19-'34
Electric Light Bonds.
Refunding Water Bonds.
4.40s'08M-S $1.5.000r_Sept 1 '18-32 430'08 J-J $10.500r_ _July 1 '18-38
448'13 Jan
6,500r-Jan 1 '19-'31 BOND. DEBT May 11 '18 $99,700
68,300
Highway Bonds.
Water debt (included)____
43js'15 A-0 $13,500r_Oct 1 '18-23 Assess. val.'18 I Real estate1,244,000
Ss '15 Sept 23,000r_Sept 1 '18-'34
1Total _ _ _ _1,301,278
Water Bonds.
City tax rate (per $1,000) 18_$11.75
430'06 Nov $14,000r_ _Nov 1 '18-'32 INT. in New York exchange.
3.80s Sept 12,000c._.1918-1933
BOND. DEBT Mar 1 18-387,000 BABYLON, TOWN.
Water bonds (incl.)
26,000
This town is in Suffolk County.
Assess. val. roal estate
804,080
Town Hall Bonds.
1918-1927
Assess. val. personal
37,750 4.60s'17_
335.000
Assess. val. franchises
10,058 BOND. DEBT May 1917_ $35,000
Total assess. val.(60% act.)_851,888 Assessed valuation 1916.._7,184,229
Tax rate (per $1,000) 1917_ _ _$13.00 Tax rate (per $1,000) 1916_ _ _ _$15.10
INT. pay. In Arcade at Cit. Bank. Population in 1910
9.030
ARCADIA.
This town is in Wayne County.
Railroad Aid Bonds.
330
___ $55,000
BOND. DEBT Sept 1 '16_ $55,000
2,504
Sinking fund
Assess. val. real estate
5,737,010
Tot, assess. val. '16 (abt.
5,846.010
80% account)
Tax rate (per $1,000) 1916-513.64+
8,184
Population in 1915

BABYLON, VILLAGE.
This village is in Suffolk County.
Incorporated in 1894.
BOND. DEBT Feb 28 '15_ $38.000
Assess. val. real estate... 2,298,876
Total assess. value 1916__ _2.460,238
Total tax rate (per $1,000)'16_311.30 •
3,100
Population in 1915

BABYLON UNION FREE
SCHOOL DISTRICT NO. 1.
4.35s'12 J-D $30,000__Dec 1 '18-'47
ARCADIA UNION FREE SCHOOL TOTAL DEBT May 10 '18 $54,500
DIST. NO. 2(P.O. Newark).
Assess. val. '17, real est___2,777.756
$10.20
48 '07 J-D $18,000
Tax rate (Per $1.000) '16
4.60s M-S 2,000
INT. at Jamaica, Southold and
22.500
4.85s'08J-J
Utica savings Banks.
BOND. DEBT Apr 16 '18- $42,500
Assess, val. real estate____3,921,536
UNION FREE
Tot.asses.val.'16(60% act.).4,214.166 BABYLON
SCHOOL DIST. NO. 4.
School fax (per $1.000) 1916-$10.21
This district is in Suffolk County.
6,473
Population in 1915
July $32,000r_Jan 1 '19-'40
INTEREST payable at First Nat. 430'09 July
500r_ _ _ _Jan 1 1918
5s '07
Bank, Newark,in N. Y.exchange.
BOND. DEBT Apr 1 1918_333,000
'17_ --898.000
real
estate
val.
Assess,
ARDSLEY.
about 30% actual val.)
This village is In Westchester (Assessment
School tax (per $1,000) 1917...$1.84
County. Incorp. Jan. 14 1896.
INT. payable at First Nat. Bank of
Municipal Hall Bonds.
45%s
-- $3,000___Apr 1 1920 Lindenhurst In N. Y. exchange.
1920
1
$9,000____July
4548'15 J-J
BAINBRIDGE.
Fire Truck Bonds.
A village in Chenango County.
$6.000____July 1 1920
4 gs'15
Inc. 1829. Population 1915, 1,201.
Street-Improvement Bonds.
bs '13 M-N310.000____Nov 1 191$ BOND. DEBT Mar 1 1915_ _ $34,220
5,159
Temporary debt
Refunding Bonds.
429,356
1918-1932 Assess. val., real estate
43is529,000
599.356
1928-1942 Total valuation 1914
15,000
BOND.DEBT Fob 7'16_ 375,000
Assess. val. '15 (2-3 act.)_ _1,297,067
VII. tax rate (per $1,000)'16..813.83 BALDWINSVILLE.
This village is in Onondaga County.
Population. 1910. 537; 1915. 442
TNT.at Dobbs Ferry Bk., Ardsley. Inc. 1847. Population 1910. 3,220.
Improvement Bonds.
5s '12 J-J $750r_ _July 1 '18-'20
ATT/ CA.
Water Bonds.
The village is in Wyoming Co. 4s Refunding
1929
'09 M-S $30.000r
Water Bonds.
1929
18.000r
M-S
430
5s '18 M-8 $96,000r_ _Jan 1 '19-'48 BOND. DEBT Mar 1 '18 $65,500
Lighting Bonds.
48,000
(included)____
Water
debt
5s'18 J-J $12,000r_Jan 1 '19-'30 Sinking fund (water)
7,292
TOTAL DEBT Apr 10 '18_ $108,000 Assess. val. real estate_ _ _ _1,400,425
96,000 Assess. val. personal
Water debt (add'))
33.850
Assess. val. real estate_ .. 1,065,400 Other assess. property.... 75,820
28,700
Assess. val., personal
assess. val. 18 (act.)_1,510,095
42,177 Totalrate
Other assessable property
(per $1,000) 1917-311.40
1,136.277 Tax
Total valuation 1918
INT. remitted to registered holder
(Assessment 2-3 to % actual)
Tax rate (per $1,000) 1918...S11.54
Population in 1915 (Census)__2,013 BALLSTON SPA.
INT. is payable at the office of
This village is in Saratoga County.
the Village Treasurer.
Inc. 1807. Population 1915, 4,344.
Water Bonds.
AUBURN.
Nov $5,000c_Nov 1 '18-'21
This city is the county seat of 330
Nov 3.500c..Nov 1 '18-'21
4s
Cayuga Co. Inc. March 21 1848.
Nov 21,000c_Nov 1 '18-'30
430
Sewer Refunding.
Dec
7,000c_ _Dec 1 '18-'2.•
Jan 4 1935 430
4s '15 J-J $3.200
Refunding Water Bonds.
Paving (outstanding Apr. 1 1918.)
$228,441 30'06 J-D $22.000c_Dec 1 '18-'28
48,4 %13,4 40,5s&4%s
Street Bonds.
Water Bonds.
M-N$178,400r_May 1 '19-21 4 s'10 F&A 2,000_Aug 1 1919
48
Sewer Bonds.
43/8'17 J-J 200,000__Jan 1 '25-'36
3-3 $7,000c___Jan 1 '19-'32
Subway (outstanding Apr. 11918.) 48
$17,080.64 3.70s J-J 150,000r__Jan 1 '30-'39
48, 450 & 430
Sewer (outstanding Apr. 1 1918.) BOND. DEBT Mar 1 '18..3217.500
58,500
$208.245.35 Water debt (included)
48, 430, 5s & 4.10s
Assess. val. real estate___ _1,770,817
Disposal Plant (Apr. 1 1918.)
30,000
Assess. val. personal
___ $41,840
4s,4
Other assess. property..... 74,970
School Bonds.
A-0 $50,000 __Oct 1 '18-'22 Total assess. val. 18 (act.) 1,875,787
4s
4s '09 M-N 130,000r_May 1'19-'31 Tax rate (per $1.000) 1916._ _314.00
INT at Village Treasurer's office.
430'16 M-N 76,000c-Nov 1 '27-'38

56

NEW YORK-CITIES AND TOWNS.

BALLSTON SPA UNION FREE BELFAST.
This town is in
SCHOOL DIST. NO. 1.

[VOL. 106.

Real value (estimated)___39,499,523
Water-Works-Const. Notes.
Allegany County. Tax rate (per $1,000) 1916----$31.50 430'13 Aug 54,000__Aug 1 '18-'19
Highway Bonds.
INTEREST on city-hall and $142,Sewer Bonds.
4.48s 16 Feb $3,000__Feb 15 '19-'21 000 bridge bonds in N. Y. City; on re- 3.65s g s-an $42,000r___$3,000 yrly.
BOND. DEBT May 1913_$31,500 maining loans at City Treas. office.
430'15 F-A 30,000
1920-1944
Assessed valuation 1916
900,730
BOND. DEBT Aug 11017 $340,000
Tax rate (per $1,000) 1915_414.50 BLASDELL.
Water debt (included)
268,000
Population in 1915
This village is in Erie County. Total sinking funds
(7)
20,692
Incorporated in 1898.
Assessed valua-Real est 2,494,539
Bonds.
tion 1917... Total
2,619,889
BELFAST(TOWN) UNION FREE 4s Water.T-D
$15,000
Village tax (per 1,000) 1917.-319.00
SCHOOL DIST. NO. 1.
4s
J-J
14,000
INT. at Chase Nat. Bank, N. Y.
BOND.DEBT May 17 '17..$29,500 4348
F-A
8,800
Water debt (included)
30,000 430
F-A
1,600
BROCTON.
Assess. val.'real estate
700,000
Paving Bonds.
BARKER.
This village is in Chautauqua Co.
1916
ltotal
708.000 4.90s18M-N$18,000_ May 1 '23-'40
This village is in Niagara County. School
tax (per $1,000) 1916..314,50 BOND. DEBT May 1918.. $57,400 Incorporated in 1894.
Incorporated in 1908.
BOND.
DEBT Mar 5 1915..325,000
Assess.
val.
real
estate
'17_1,238,399
BOND. DEBT July 1915-$30,000 BELMONT.
10,043
Tax rate (per $1,000) 1917____$13.70 Temporary debt
Floating debt
1,000
Assessed val., real estate.._ 539,152
This village is in Allegany County. Population in 1917
1,400
Assessed, valuation 1915
222,491 Incorporated in 1873.
Total
valuation
674,590
1914
bonds
INT.
on
of
payable
1918
at
Population in 1915
550
Water Bonds.
1,292
the Lackawanna Nat. Bank, Lack'a. Population in 1915
334s
J-J $23,500.......$500 yearly
July
Optional BOLIVAR.
1.500
BARTON UN. FR.SCHOOL DIST.
BRONXVILLE.
Paving Bonds.
This village is in Allegany Co.
This district is in the town of BarThis village is in Westchester Co.
5s
M-N 20.000____$1,000 Y'rlY Incorporated in 1882.
ton Tioga County.
Inc. 1898. Population 1915, 2,210.
430'11 Oct 336,050_ Jan 1 '19-'32 BOND. DEBT Feb 28 '18..345,000
Street Bonds.
Sewer Bonds.
Assessed
valuation,
real
374.401 4.958'17
BOND. DEBT Apr 30 '18 $46,200
$6,300_ _Oct 1 '18-'27 4s
J-D 310,000r_Dec 1 '18-'27
40,725 BONDED DEBT Jan 1015_1643,000 4s
Assess. val. real estate__2,597,817 Assessed val., personal
J-J
12,000r_Jan 15 '19-'30
Other
assess.
property
Assessed
91,000
Assess. val. personal
valuation
1914
579,774 4.35s'09M-S
1,000
1918
47,750
Total
val.'17 (2-3 actual)
424,229 Tax rate (per $1,000) 1914.- _310.70 4.40s --Other assess. property
5,000
1918-1927
101,871
1,031 Population in 1915
Tot. assess.val.'17(2-3act.) 2,747,438 Population in 1015
4.000
1918-1927
1,260 430
School tax (per $1,000) '17_313.40+
430
3,000___Oct 1 '20-'22
___
BOONVILLE.
Population in 1917
430'16 F-A
3,300
2,970 BETHLEHEM.
This town is in Albany County.
This village is in Oneida County.
/NT. at A. B. Leach & Co., N. Y.
Paving Bonds.
Highway Bonds.
Incorporated in 1855.
4.90s
$5,500
5s
$ 800
--1918
Water Bonds.
431s'17 F-A 16,500Aug 1 '21 '31
BATAVIA.
330'96 May $23,000
1926
Street Bonds.
This city is in Genesee County. 5s Bridge Bonds.
$9,000
1018-1926 5s '13 Sept 2,000
--1918 5s '07 M-S $12,820r_Sopt 1 '18-'31
Inc. 1823. Voted to become city
10,000
1918-1927
Electric-Light Bonds.
4.453
1,000
1918
June 9 '14. Pop'n 1915. 13,278.
2,000
1918-1919 330'03 M-S $28,800r
1,000
1923 5s
1918-1919
4.408'17F-A $84,700__1-10th yearly 5sSewer __
Bonds.
Paving Bonds.
55
1918-1932
--- 25,300
Water Bonds.
1018-1929 4s '12 June $9,000r
...- $24,000
9,500
1930 4.40s
1918-1937
430
___ $128,250 _-$6.750 yrly 5s
BOND. DEBT Dec 1 '15$57,800 53 '15 July 10,500r
7,500
1918-1932
1939 4.35s
Light & Sewer Bonds.
Total valuation 1916
3,075,303 BOND. DEBT Feb 28 '18..j73,300 4.608
6,300
1918-1920
430
___ $38,000_.$2.000 yrly Population
1915
_5,590 Sinking fund
___ 19,000__Oct 1 '18-36
2,855 434s
Paving Bonds (optional 1914).
Water debt (included)
___
25,000 431s
3,300__Aug 1 '19-'21
_s '13 ___ $125,000
1923
Assess.
estate
val.
real
___ 16,700
4.
702,350
Os
1918-1927
BIG
FLATS.
_s '14 ___
9,000
8,100_Juno 15 '19-'27
67,200 4.40s14J-D
This town is in Chemung County. Assess. val. personal
430'16 F-A 75,000
1917-1926
___
3,000__Sopt 1 '19-'28
BOND. DEBT Apr '18._ $26,000 Total a.ssessed val. 1917..__ _777,133 53
Sewer System Bonds.
6.000_Apr 1 '20-'25
_s '09 J-J $315,000._July 1 '18-38 Assess. val. real estate
1,104,275 Tax rate (per $1,000) 1917-$12.00 4.90s _$600
1,900 5s '17 Assess. val. personal
5,975 Population in 1917 (est.)
Park Bonds.
Road-Surfacing Bonds.
Tot. val. '17 (777 act.)_1,110,250
430'17 J-D $50,000
___ $7,500
TOTAL DEBT Oct 1916_4500,000 Total tax (per $1,000)'17-.316.65 BOONVILLE UNION FREE SCH. 4.90s
___
5s
4,000
Assessed val., real est '16_11,454,045 Pop'n in 1915, 1,495; 1917, 1,600
DIST. NO. 1.
___
3,100
BOND. DEBT Apr 15 '18.. $32,000 58
Assessed valuation 1917.-11,770,036
Refunding Bonds.
Assess. val. real estate
City tax rate (per $1,000) 1917 $19.05
763,358
BrNOHAMTON.
$8,000____July
1 1935
_s&58
val. personal
48,250 4
This city is the county seat of Assess.
7,420.June
_
1 1942
__Other assessable property
6,125 4315
Broome Co. Pop'n 1917 est. 59.901 Total
4. Os ___
10,420
1938
BATH.
assess.
val.
(abt.
1917
s-a
$2,700
10,220____June
450
1918-1920
1
___
1944
actual)
This village is in Steuben County. 430'17
60%
817.733
434
.s'17 s-a
5,500..... _June 1 1944
1,300
__
58
Tax rate (per $1.000)'17
Inc. 1816. Pop'n '15, 4,173.
$12.85
Sewer Bonds.
- _
5,500
Electric Light Bonds.
1,800 4.858'17..
4s '07 ___ $30,000 __Nov 1 1918 Population in 1918 (est.)
Village-Hall Improvement.
430'15 J-J $40,000__July 1 '24-'43 330'08 F-A
25,000 ...Aug 1 '20-'23 BREWSTER.
4.603 ___ $4,000_ _Oct 1 '18-'21
5s '14 J-J
10,000„July 1 '19-'23 4s '08 F-A 20,000
..Aug 1 '24-'27
This village is in Putnam County. BOND.DEBT Dec 1915___$230,080
Village Hall Bonds.
3s '09 ___
8,000_ __Aug 1 1918
Assessed valuation 1914-4.046,146
55
in 1894.
J-J $20,000__July 1 '18-'27 430'13
___ 15,500_July 15 '17-'20 Incorporated
Paving Bonds.
Bonds.
'16 F-A 150,000c__Feb 1 '22-'36 5s Water
July $38,000r__$2,000 yrly. BROOKHAVEN UNION FREE
43014 J-J $28,800__July )18-'41 4sStreet
BOND. DEBT May 21 '17 $102,000 430'17 s-aBonds.
Highway Bonds.
SCHOOL DISTRICT NO.6.
$22,000c
_ _1918-1920 4.45s Sept 4,000r_31,000
Assess. val.'17 (real est.)__1,773,600
'14 J-J $50,000
Municipal Light Plant Bonds.
BOND. DEBT June 1 17_ $48,000 4348
Total ass. val.'17 (3-5 act) 1.973,725 430'14
(Part yearly on Jan. 1, beg. 1924)
J-D$130,800....June
1
'19-'33
Water debt (included)____ 42,000 48
Tax rate '17 (per $1,000)
$13.81
J-J $13,500__$1.000 yearly
Nurses'
Home
Bonds.
Assess. val. real estate..__ _1,138,150 BOND. DEBT Oct 23 '16_ $63,500
INT.at office of Village Treasurer 330'01 F-A $4,000
_ __Aug 1 1936 Assess. val. personal
in N. Y.exchange.
28,800 Assessed valuation 1915_ _ _ 1,661,377
Hospital Bonds.
Franchise valuation
23,392 Real value (estimated)_
330'01 F-A $6,000_ Aug 1 1936 Total
assessed value 1917..1,190,042 Population in 1915 (est.)_2,700,000
BEACON.
2,500
430'13 F-A 55,000-Aug 1 '24-'27 Tax rate
(per $1,000)'17
$7.94
This city is in Dutchess County.
Library Site Bonds.
1,400
Formed July 1 1913 by consolidation No int.(1914)$18,000__Sept 1 '18-35 Population in 1917
INT.
BROOKHAVEN
payable
the
Brewster
at
FREE
UNION
of the villages of Fishkill Landing 330'02 M-S 15,000 ...... _Sept 1 1938
National Bank.
SCHOOL DISTRICT NO.24.
(inc. Feb. 26 1872) and Matteawan
Street & Sewer Bonds.
This district is in Suffolk County.
(inc. in 1886). Pop'n 1915, 10,165 No int (1911)312,000__Aug 1'18-'18
430. 4.60s &1$34,0001Part yearly
Paving Bonds.
No int (1913) 15,000__Aug 1 '18-'19 BRIARCLIFF MANOR.
This village Is In Westchester Co. 5s. J&J-J-D
j
until 1921
430'15 M-8 $10,000r_Sept 1 '18-'27
Pavement Bonds.
3,000__Dec 1 '18-'20
Building Bonds.
430'14 M-N$15.000__May 1 '24-'26 Inc. 1902. Population 1915, 1,221.
4.208'16J-D
1,200____Dec 1 1921
Street Bonds.
58 '16 M-S $54,000c_Mar 1 '19-'45
Park Creek Bonds.
10,000.._Doc 1 '22-'23
Sewer Bonds.
434s
___ $5,500
1918-1928 430'06 F-Ax$29,000r_Aug 1 '18-'27
4.608'06F-A 25,000r_Aug 1 '27-'35 BOND. DEBT Apr 12 '17.. $49,200
330
___ $52,000
1918-1930
Election Expense Bonds.
Assess.
val.
14,000r_July
13J-J
4.608
'16
.
(X act.)_ _ _4,694.386
1
45
'19-'31
___ 22,000
1918-1930 43js'17
$760--__Aug 1 1918
School tax (per $1,000) 1916._$11.00
Water Bonds.
3.70s
___ 71,000
1918-1934
Jury List Bonds.
3.85s
___ 36,024
1918-1936 44s'17
$1,560____Aug 1 1918 430'08 J-J $60,000c&rJuly 10'18-37
/NT. payable at Patchogue Bank.
4.108'09A-0 24,000r_Apr 1 '19-'30
434s
__- 15.000
1918-1932
Quarantine Bonds.
430'10 M-S 17,000r__Sept 1 '17-'34
Main Street Impt. Bonds.
430
___ $1,000
4.60s'13J-J
1,000r____July 1 1918 BROOME COUNTY.
430
_$830
1918-1927
War Emergency Bonds.
Binghamton is the County Seat.
53 '17 M-Nf16,000_Nov 17 '21-36
4.15s
___ 23,000
1918-1940 430
$5,000
1
500.._.._Nov 1 1937
Hospital Bonds.
Water Bonds Ext. & Repair.
Bridge Bonds.
Automobile
Fire
___ $150,000_Nov 1 '19-'33
5s
'18
Apparatus.
430
__- $6,000
3s
$77.000_
'Si)
F-A
1918-1920
__Aug 1 1929
$9,000r_July 1 '18-'26 TOTAL DEBT
(7)
434s
___ 20,000
1918-1937 34s'97 -_ 75,000 __Aug 1 '30-'34 4.608'13J-J
Building Bonds.
Population in 1915
3.99s
90,641
19.000
1918-1929 330'99 F-A 40,000 __ __Aug 1 1935
3.85s
__ 23.400
1918-1935 330'01 F-A 50,000 __ __Aug 1 1937 4.608'13J-J $20,000r_July 1 '19-'37
3.995
___ 56,000
1918-1933 330'04 F-A 57.000._ __Aug 1 1939 BOND. DEBT Apr 8'1918 $215,500 BUFFALO. Chas. M. Heald, ComDeficiency Bonds.
430'15 F-A 26.000c_Aug 1 '18-'30 Water debt (included)____ 118,500
missioner of Finance & Accts.
Assessed val., real estate.. 3.845,275
Creek-Impt. Bonds.
1918-1919
Buffalo is in Erie Co., and the city's
Automobile Truck Bonds.
43s'17 M-S $25,000c_Sept 1 '18-'27 Total assessed val'n 1917..4,012,712 tax valuation is about six-sevenths
Village tax (per $1,000) 1917.... 12.00 that of entire county. /ncorp. 1832.
4.60s'17 s-a $4,000
City-Hall Bonds.
25.70
(Duo one bond yearly.)
4s '96 F-A 320,500__Aug 1 '28-'29 Total tax (per MOM 1917
Commission government charter
1.300 (Chap. 217, Laws of 1914) accepted
Fire-House Bonds.
48 '97-8 F-A 10.000_ _Aug 1 '19-'27 Population (approx.)
430
-_
$630
x INT. in Briarcliff Manor; others by voters Nov. 3 1914.
1918-1921
Flood-Emergency Bonds.
430
___
4,000
1918-1921 430'15 F-A $15,000c_Aug 1 '18-'20 at Guaranty Trust Co.. N. Y. City.
Abate.Nuisance Ohio Basin Slip
430
__
School Bonds.
9.000
1918-1926
330'02 J-J $14,000r_July 1 '18-'22
Fire-Apparatus Bonds.
3348'96'97.. $50,000 __Aug 1 '20-'26 BRIGHTON.
Abate.Nuis.Clark&SkinnerCan.
4.60s'17 s-a $8,500
430'10 J-D 50.000r_Aug 1 '20-'24
This town is in Monroe County.
330'04 M-N $35.000r_Nov 1 '18-'24
(Duo one bond yearly.)
49s'13 A-0 375,000__Aug 1 '26-'40
Water Bonds.
Buffalo River Improve.
BOND. DEBT July 1917-.3488,105 430'13 F-A 39,839.50Aug 1 '21-'23 4.708'15F-A $25,000r__Feb 1 '20-'34 4s '09 M-N $331,500r_ MayBonds.
1 1939
Floating debt
12,000 430'14 F-A 125,000__Aug 1 '30-'34 4.625'15F-A 13,500r_Feb 15 '20-35 430'14 J-D 300,000r__Juno 15 1944
Assessed valuation 1917__,..7,151.339 430'14 J-D 90,000__Dec 1 '18-'35 45
%8'14 J-D 16,100r_June 1 '19-'35 430'15 A-0 135,000r_Apr 15 '19-'45
Tax rate (per $1,000) 1917......425.12
6,000_ _Dec 1 1936
Sewer Bonds.
430'16 J-D 145,000r_1)ec 15'18-'46
Refuse Utilization Plant Bonds
INT. at Matteawan Nat. Bank. 434s'14 A-Of 17,000c_Oct 1 '18-48 4.40s '14 J-D $42.500 ____1918-1934
1 2.700c___Oct 1 1949 _s '15
__ 20.000
4s '09 M-N $2,000r May 15 1919
430'
DEBT
TOTAL
16
May
11
116.000
'17.4116,000
48
,11 A-0 26,250__Apr 16'19-'21
BEDFORD.
___ 150,000
1918-1947 Water debt (included)
54,500 430'14 A-0 100,000r_Apr 1 1934
This town (P. O. Katonah) is lo- 430
45
___ 30.000
Assessed val., real estate_ .4.895,830
Buffalo New York & Phila. Ret.
cated in Westchester Co. Inc.in 1700. 430'17 s-a
50,000
1918-1937 Total val.'16 (93% act.)__5,128.075 4s '10 J-D $125,000r.J&D15 '19-'30
Assessment Map Bonds.
434s'17 M-S 100,000__Sept 1 '18-'37 Total tax rate (per $1.000)'16_35.69 48 '11 J-J 70,000__July 1 '18-'31
530'14 July $7,000 ,.July 1 '18-'24 53 '17 F-A
1,500_ ___Aug 1 1918 Population 1910, 3,998; 1915. 2,974 4s '12 J-J
75,000__July 1 '18-32
Grade Crossing Bonds.
First Ward Dike Bonds.
INT. at a Rochester banking 4s '10 ___ 65,000_ _Dec 15'18-'30
58 '14 Aug 33.647.53Aug 1 '18-'21 430'14 M-N$70.000__May
1 '24-'36 house in N. Y. exchange.
Underground Police & FireWires
Highway Bonds.
Grade-Crossing Bonds.
48 '09 F-A $8,000r_Aug 1 '18-'19
4s '06 J'ne 357,400r_June 1 '19-'35 330'04
F-A $50,000 __ __Aug 1 1938 BRIGHTWATERS.
430'12 J-D 20000.. June 1 '19-'22
4.90s'06J'ne 83.000r_June 1 '24-'35 4s '13 ___
1,000_ ___Aug 11917
This village is in Suffolk County.
Broadway Market Bonds.
530'14 Sept $8.098.77Sep15 '21-'28 430'15 M-S
28,000c_Mar 1 '22-35
Dock Bonds.
430'15 A-0$100,300r_Apr 15 '19-'35
State load Bonds.
2,550_ _July 1 '19-21 6s '17 J-J
___
34,500r_July 1 '22-'36
Tax Scrip.
430
Mar $2.000__Mar '19-'20 430'14
Fire
Bonds.
Paving Bonds.
4s '09 F-A $6,000r___Feb 1 1919
BOND. DEBT May 7 '18 $161,146 330'01 Department
_-_ $15,000 __Aug 1 1936 6.3 '17 J-J $21,000r_July 1 '22-36
Ferry & West St. Impt. Bonds.
Assessed valua-i Real est_10,790,497 430'14 J-D
60,000__June 1 '22-25 BOND.DEBT July 1917- $55,500 4s '15 J-D $21,000__Juno 1 '19-'25
lion, 1918__1Total .....11,088,004
Police
Assess.
Bonds.
val.
real
estate
&I
861,718
Canal.
Hamburg
Tax rate (ver Outside village$13.181 4s
s-a $50,000_ _20-year serial
special franchises
330'00 A-0 $68,000r ..Oct 1 '18-'20
$1,000) 18 Inside village_ 9.692 43s'17 F-A
5,000c_Aug 1 '18-'27
INT. payable at U. S. Mortgage & 330'03 J-J
25,000r....Jan 1 '19-'23
Population 1910, 5.629; 1915.
- 5.806
Improvement Bonds.
Trust Co. of Now York.
330'05 J-J 60,000r_ _July 1 '18-'25
INT. at Mt. Kisco Nat. Bank.
4s
--- $25.000
Grade & knot. Bonds.
Deficiency Bonds.
BROCKPORT.
4s '16 ___ $19,230.961[ay 1 '19-26
'18 ___ $51,871.13_Feb 1 1919
This village is in Monroe County.
Mineral Spring Rd. Subway.
BEDFORD(TOWN)UNION FREE 53
BOND. DEBT Oct 1917..$2,623,270 Inc. 1829. Population 1915, 3,368. 4s '17 ___ 843,000_ Nov
15 1918
SCHOOL DIST. NO. 10.
Sinking fund (bal. on hand) 169,880
Water Works Bonds.
Library
BOND. DEBT Jan. 1913-$44.000 Assessed valuation 1917-45,000,000 4.55s12-$264.000r_July 30 '18-'41 4s '17 ___ Bonds.
$100,000....Nov 15 1918
This district is in the towns of Milton and Ballston Spa, Saratoga Co.
Building Bonds.
330
J-J :510,925Jan 1 '18-'24
16.000__Jan 1 '25-'32
BOND. DEBT 1918
$52,000
Assess. val. real estate1,602,750
Assess. val. personal
25,500
Total assess. val. 1917.......1,903,304
School tax rate (per $1,000)'17$15.60
Population in 1917 (est.)
4.600




JVNE, 1918.]

,

NEW YORK-CITIES AND TOWNS.

City Hall & Co. Hall El. Light.
BUFFALO (Concluded).4s '09 -_- $7,429.36-July 1 '18-'19
Voting Machine Bonds.
Water.
44s'16 J-D $74,800r June 15'19-'26
330'89 M-N$225,000r__ _May 1 1919
Park.
7s '71 J4 $100,000___July 1 1919 330'03 M-S 18,750r Mch 1'19-'23
78 '72 J-J 100,000 .._July 1 1921 330'05 M-S 291,000r_ _ _July1'18-'35
78 '73 J-J 95,000o&r_Jan 1 1923 4s '07 J-D 500,000r__June 1 1957
78 '73 J-D 100,000c&r_Dec 1 1924 48 '07 M-S 200,000r_Sept 2 '18-'37
5,000__Dec 1 1942
78 '74 J-J 100,000c&r_Jan 1 1924 48 '17 -_2,500_Dec 15 1942
78 '75 J-J 200,000c&r_J&J 1 1925 48 '17 --_
6s '76 J-J 100,000c&r_Jan 1 1924 (Redeemable beg. Apr 10 1928)
38 '86 J-J 30,000r__ July 1 1926 4s '08 A-0 500.000__ _Oct 10 1958.
(Redeemable Oct.-10 1928)
330'87 F-A 120,000r___Feb 1 1927
33090 J-J 50,000r___Jan 1 1925 4s '09 F-A 500,000r Feb 15 1959
330'91 J-J 200,000r-july 1 1921 4a '09 A-0 500,000r ..Apr 15 1959
33s'94 J-J 100,000r_July 1 '24&'26 48 '09 F-A 500,000r .Aug 1. 1959
330'06 F-A 22,500r_Aug 1 '18-'26 48 '10 F-A 500,000r__Feb 15 1960
(Redeemable beg. Feb. 1 1930)
4s '08 J-J 20,000r___July 1 1928
4s '10 J-D 30,000_June 1 '19-'30 48 '10 J-D1,500,000r_june 15 1960
48 '11 A-0 160,000r.. _Apr 15 1961 48 '11 A-0 400,000r___Oct 2 1931
4s'12 J-D 800,000r___June 1 1932
(Subject to call April 15 1931.)
4s '11 A-0 212,500r___Oot 1 1961 43s'12 A-0 300,000r___Oct 1 1932
(Subject to call after Oct 1 1931.) 4 012 J-D 112,500r___Dec 1 1937
430'12 F-A $95,000r_Feb 15 1962 4s '13 A-0 23,700____Oct 1 1938
48 '13 J-D 100,000___June 20 1933
(Subject to call Feb. 1 1932.)
4s '12 A-0 43,900___ _Apr 1 1962 430'13 M-N100,000r_Nov 15 1933
(Subject to call April 1 1932.) 430'14 J-D 400,000r__June 15 1964
430'12 J-D 60,000 _June 1 1962 430'14 J-D 250,000r_June 15 1919
48 '14 --- 190,000____July 1 1934
(Subject to call June 1 1932.)
4s '12 J-J 130,000____July 1 1962 43.s'15 A-0 69.382.50rApr 15 1935
416'15 J-D 250,000r___June 1 1935
(Subject to call July 1 1932.)
48 '12 J-D 67,900____June 1 1962 4 s'15 J-D 250,000r___June 1 1965
430'12 A-0 188,800r____Oct 1 1962 4 s'15 A-0 150,900r... Oct 1 1935
430'16 J-D 150,000r__June 15 1936
(Subject to call Oct 1 1932.)
43(s'12 J-D 944,740r_Dec 1 1962 4 Xs'16 J-D 150,000r__Dec 15 1936
Municipal Building Bonds.
Subject to call Dec 1 1932.)
430'13 M-S 55.000r___ May 1 1963 48 '09 F-A $89,375r_Aug 1 '18-'29
13,000July 1 '18-'30
4s '10 J-J
(Subject to call May 1 1933.)
48 '13 F-A 30,000_.. Au 1 1963 4s '10 A-0 65,000r_Oct 1 '18-30
8'16 J-D 25,200r_Dec 15 '18-'26 48 '11 A-0 162,500r_Apr 15 '19-'31
s'16 J-D 95,000r_Dec 15 '18-'36 48 '12 A-0 3,485.85 Oct 1 '18-'32
43013 M-N100,000r__Nov 15 1933
chools.
Nov 1918 430'15 J-D 17,850r_June 1 '19-'35
3Us'98 M-N $5,000
15 J-D 40.000r_Dec 1 '18-'25
Mar
1919
'Is
5,000r
3 s'99 M-S
3 s'99 J-D 20,000r_Dec 1 '18-'19 430'16 J-D 32,400r.June 15'19-'36
330'00 NI-N 10.000._ _May '19-'20 43(s'16 J-D 299,500r_Dec 15'18-'36
Public Health Bonds.
330'00 M-N 30,000r_Nov 1 '19-'20
330'02 F-A 40.000r Feb 1 '19-'22 ,4s '13 A-0 $17,500____Oct 1 1918
Hospital Bonds.
3 Xs'02 J-D 30,000r_June 1 '19-'22
330'02 A-0 20,000r_Apr 1 '19-'22 330'04 J-J $17,500r_July 1 '18-'24
330'03 M-S 37,500r_Mch 1 '19-'23 48 '11 A-0 200,000r___Apr 1 1931
3358'04 M-S 45,000r_Mch 1 '19-'24 4Xs'12 J-D 200,000r... June 1 1932
330'04 A-0 52,500r_Oct 1 '18-'24 4Xs'12 J-D 50,000r___June 1 1932
3 Xs'06 F-A 300,000r___Aug 1 1926 43s'12 A-0 50.000r__ _Oct 1 1932
Apr 1 1934
3 Xs'07 M-S 100,000r__ _Sept 1 1927 430'14 A-0 125,000r
330'07 F-A 50,000r__Aug 1 1927 43,58'14 A-0 51,000Apr 1 '19-'35
48 08 J-D 200,000r_ _Deo 1 1928 43s'15 J-D 510,000r_June 1 '19-'35
4s '09 F-A 300,000r___Aug 1 1929 43s'17 J-D 350,000_June 15 '18-'37
4s '10 NT-D 200,000r-June 15 1930 4s '17 -- 100,000-_-Nov 15 1918
Refunding Elmwood Ave. Ext.
48 '11 A-0 200,000r_A&O 1 1931
8.000 -Oct 1 '18-'19
430'12 F-A 200,000r Feb 15 1932 48 '14 __
48 '12 A-0 105.000-Apr 1 '19-'32 430'14 M-N148,000r_Nov 2 '18-'19
8,000 __ _Oct 1 '18.'19
430'12 J-D 200,000r___June 1 1932 45 '14 _Refunding Park Bonds.
414s'12 A-0 500,000r__ _Oct 1 1932
430'13 M-N300,000r__Nov 15 1933 48 '10 J-D $30,000r_Junel5 '19-'30
Refunding Property Bonds.
430'14 M-S 1,500,000r__Mar 2 1934
7.000_ _July 1 '18-24 48 '10 J-D $9,000r_Junel5'18-'20
4s '14 J-J
Public Trunk Sewer Bonds.
434s'14 J-J 1.350.000r_Nov 2 1934
430'15 A-0 357.000r_Apr 15 '19-'35 4s '09 J-D $115,000r_Deo 15 1929
430'15 J-D 360,000r_Dec 1 '18-'35 430'12 J-D 50,000r___June 1 1962
430'16 J-D 560,000r_J'ne 15 '19-'46 4Xs'14 M-N 93,983r.... Nov 2 1964
6,000____July 1 1919 4Xs'16 J-D 46,000c_ __Doc 1965
48 '18 __4Xs'16 J-D 144,000rJune 15 '19-'66
Cazenovia Creek Dam Bonds.
4s '17 ___ $5,000-_-Nov 15 1918 43(8'16 J-D 38,000r_Dec 15'18-'36
South Buffalo Flood Bonds.
Scaiaquada Creek Bonds.
4Xs'16 j-D $48.524r_June 15'18-26 3 xs'96 A-0 $60,000r_. Aug 1 1926
13,000r__ _July 1 1927
3348'97 J-J
Grade Crossing Bonds.
Buffalo & Jamestown RR. Ref.
330'98 M-N $16,914rNov 1 1918
33s'99 M-S 18,703rMch 1 1919 330'02 A-0 $15,000r_Apr 1 '19-'22
330'99 J-J 285,187r___June 1 1919 330'02 M-N 18,750r_Nov 1 '18-'22
330'99 J-J 182,716r___July 1 1919 4 s'12 J-D 112,875r-_Dec 1 '18-'32
330'99 A-0 75,455r___Oct 2 1919 43s'13 M-N 56,300r_May 1 '19-'33
330'99 J-D 335,772r_ __Dec 1 1919 4 s'14 J-D 45,000-Tune 15'19-24
Turning Basin Refunding Bds.
330'00 J-D 45,799r.... June 1 1920
3Xs'00 J-J 173,487r....July 1 1920 4s '10 J-.1 $97,500r_July 1 '18-'30
3 Xs'00 F-A 10,927r_ _ _Aug 1 1920
Ref. City Hall & Court House.
3348'08 J-J 49,701r___Jan 5 1921 330'02 F-A $25,000r_Aug 1 '18-'22
6,218 ___Jan 21 1921 330'03 M-N 25,000r_May 1 '19-'23
33,0'01 J-J
5,070r_-_Feb 1 1921 330'05 M-S 90,000r_Sept 1 '18-'35
330'01 F-A
330'01 34-S 141,516r--Moh 1 1921 48 '07 J-J 100,000r_July 1 '18-'27
330'01 A-0 111,544r___Apr 1 1921 98 '10 J-D 74,550_June 15 '19-'30
330'02 F-A 482,284r___Feb 1 1922 48 '11 M-N 35,000r_Nov 1 '18-'31
330'02 A-0 121,411r___Oot. 1 1922
Water Refunding.
17,669r- _ _Jan 1 1923
330'03 J-J
330'03 A-0 25,961r.... Apr 1 1923 33is'98 M-8 $3,400r_Sept 2 '18-'19
5,000r_Apr 26 '19-'19
3 X8'03 M-N 383,824r_ _ _May 1 1923 3348'99 A-0
330'00 A-0 10,000r_Apr 25 '19-'20
33003 F-A 124,445r___Aug 1 1923 330'01
A-0
13,500r_Apr
1 '19-'21
1923
15
.Aug
80,582r
3 X8'03 F-A
3303'04 F-A 83,486r-Aug 1 1924 330'02 J-D 20,000r_June 1 '19-'22
330'05 M-S 46,642r.... _Sept 1 1925 3 Xs'03 M-S 60,000r_Sept 1 '18-'23
60,000r _ _July1'18-'35
48 06 F-A 541,608r___Feb 1 1926 33s'05 J-J
48 '06 J-J 68,511r_July 1 1926 48 '06 J-J 45,000r_July 1 '18-'26
48 '07 A-0 81,971r_Apr 1 1923 4s '07 J-J 100,000r_July 1 '18-'27
4s '07 J'4 118,922r___July 1 1927 48 '08 A-0 73,660.10r_Oct 1 '18-'28
Aug 1 1927 46 '08' F-A 55,000r_Aug 1 '18-'28
43 '07 F-A 46,565r
48 '07 M-S 200,000r__ _Sept 2 1927 4s '08 J-D 28,750r_June 1 '19-'28
4s '07 A-0 25,643r___Oct 1 1927 48 '08 .J-D 55,000r_Deo 1 '18-'28
48 '07 M-N 43,913r___Nov 1 1927 48 '09 A-0 87,000r_Oct 1 '18-'29
48 '08 A-0 16,444r ..Apr 1 1928 48 '09 F-A 120,000r_Aug 1 '18-'29
48 '08 F-A .9,647r__Aug 1 1928 4s '09 J-D 30,000_Dec 15 '18-'29
4s '08 J-D 60,000r___Deo 1 1928 48 '10 J-D 46,215r_June15'19-'30
4s '09 A-0 300,000r....Apr 15 1929 4.8 '11 J-J 65.000r_Jan 1 '19-'31
4s '09 A-0 40,500r___Oct 1 1929 4s '11 M-N 35,000r Nov 1 '18-'31
48 '11 M-S 75,000r___Mch 1 1931 49 '11 J-J 70,000r_July 1 '18-'31
48 '11 A-0 250,000r Apr 15 1931 0'12 A-0 10,000 __Apr 25 1937
June
3,450._june 1 '19-'21 4Xs'12 J-D 78,708.33r
4s '11 A-0
vc 1 1937
., ____
4s '12 F-A. 9,704__Fen 1 '19-'22 48 '12 J-J
35,000.... July 1 1931 430'12 A-0 111,000r___Oct 1 1937
4s '11
430'12 F-A 250,000r_Feb 15 1932 4s '12 M-N 5,000____Nov 1 1937
8,600__Dec 1 '18-22 4s '13 M-S 13,700____Mar 1 1938
4s '12 J-D
4s '13 F-A 30,000____Feb 1 1923 48 '13 A-0 29,500__Apr 1 1938
4Xs'13 M-N200.000r__May 1 1933 430'13 M-N145,200r--May 1 193
18,000____Jan 1 1939
410'14 A-0 101,816r ___Apr 1 1934 48 '14 J-J
114,000___ _July 1 1934 44s'14 A-0 337,000____Apr 1 1939
4s 14
13,800_ _ Feb 1 '19-'20 4 s'14 J-D 84,500r__June 15 1939
48 '15 J-J
2,500____Aug 1 1939
48'15 J-J 140,934.96July 1 '18-'35 4s '14 --430'15 A-0 180,000r .Oct 1 '18,'35 48 '14 --.. l0,000-.Sept 1 1939
4s '15 J-D 59,937.64_Dec 1 '18-35 4s '14 _-- 11.000___Oct 1 1939
A-0 29,500___Apr 1 1940
4s '16 A-0 39,080.88_Apr 1 '19-36 4s
M-S 13.500__- _Mar 1 1940
4318'16 J-D 97,200r June 15 '19-'36 4s
430'16 J-D 190,000r-Dec 15'18-'36 4s '14 M-N 5,000___ _Nov 1 1939
7,500
6,600 _Nov 15'18-'21 48 '14 J-D
Dec 1939
4s '16 -5,00(L. ___Jan 1 1940
430'17 J-D 160,000-June 15 '18-'37 4s '15 J-J
430'15 J-D 63,000r___June 1 1940
Refunding School Bonds.
15,000____Aug 2 1940
430'13 M-N$240.000rNov 15'18-'33 48 15 F-A 39,000
--__Sept 1 1940
48 '15 M-S
Police & Fire Dept. Bonds.
'15 J-D 57,500___Dec 15 1940
4s
48 '12 A-0 $15,000____Apr 1 1932 48 '15 A-0 11.000_ - __Oct 1 1940
4s.'12 J-J 150,000____July 1 1932 48 '15 -5,000____Nov 1 1940
4ns'12 A-0 135,000r_Oct 1 1932 4s '16 MS 13,500___Mar
1 1941
430'15 A-0 80,0n0r_Apr 15 1935 48 '16 A-0 19,500____Apr 1 1941
6,000r_June 15 1936 4s '16 J-D
4Xs'16 J-D
7,500__June 15 1941
48 16 J-D 2. ,000_ _ _June 1 1941
Ref, Buffalo Trunk Sewer.
330'88 F-A $5,000r_Aug 1 '18-'18 4 Xs'16 J-D 100,000r_June 15 1941
330'89 F-A 10,000r_Aug 1 '18-'19 4s '16 --- 54,829.41_July 1 1941
330'90 F-A 15.000r_Aug 1 '1A-'20 4s '16 --- 15,000____Aug 1 1941

41




57

48 '16 --- $39,000____Sept 1 1941 CANANDAIGUA UNION FREE
SCHOOL DIST. NO. 1.
45 '16 ___ 11,000____Oct 1 1941
7.500____Dec 1 1941 48 '05 J-J $44,000r_Jan 1 1919-29
48 '16 --5,000____Jan 1 1942 BOND. DEBT May 7 '17_ $44,000
48 '17 ___
45 '17 --3,500 _Mar 1 1942 Assessed val., real estate__4,632.403
4,500__.._Apr 1 1942 Assessed val., personal____ 300,356
4s '17 --48 '17 ___ 14,500Apr 1 1942 Other assessable property__ 245,110
4s '17 __1 1942 Total assess. val. 1917__ --5,177.863
4s '17 --7,500- _ _June 15 1942 School tax (per $1,000)'17- _$9.23
4s '17 -_- 20,500_-__July 1 1942 INT.at U. S. Mtg. & Tr:Co., N.Y
4s '17 --- 15,000____Aug 1 1942
4s '18 -__ $5,000___..Jan 1 1943 CANASTOTA.
4s '17 --- 39,000____Sept 1 1942
This village is in Madison County.
4,500
48 '18 ___
1943 Incorporated 1835. Pop'n '15,3,849
48 '18 _10,000
1943
Water Bonds.
Refunding Bonds (Various).
3.80s J-J $45.000
1918-1933
48 '11 J-J $122,320r __July 1'18-31
Paving Bonds.
J-J $19,000
1918-1936
45 '11 J-J 38,500r_July 1 '18-'31 430
4.30s M-S 21,000
1918-1938
Bird Ave. Sewer Refunding.
1919-1942
430'13 M-N$178,125r-May 1 1.9-33 5s '13 M-N 50,000
58 '15 M-N 9.000
1918-1926
Bird Island Pier Wall.
z Village Hall.
4%8'14 M-N$40,000r___Nov 2 1944
430'15 A-0 46,000r_-Oct 1 '18-40 4.90'17M-N $16,000_ _Nov 1 '18-'33
4Xs'16 J-D 72,000r_Dec 15'18-'41 TOTAL DEBT April 1918..$160,000
45,000
4s '17 --- 11,000_Oct 1 1942 Water debt (included)
4s'17 __5,000_ ---Nov 1 1942 Assess. val. real estate '17.1,216.365
Tax rate(per $1.000) 1917........$22.40
Playground Bonds.
4s '09 F-A $50,000r...._Aug 1 1929
z INT. pay. at VIII. Cler's office.
48 '11 A-0 50,000r___Apr 1 1931
4Xs'12 J-D 100.000____June 1 1932
CANISTEO UNION FREE SOB.
Fire-House Bonds.
4s '08 F-A $13.943.71rAug 1 '18-28
DIST. NO. 1.
Elk St. Market Enlargement.
BOND. DEBT May 10'17-_$30,500
3356'90 A-0 $80,000r- _Apr 1 1920 Assessed val., real estate___-674,725
Bridge Bonds.
Assessed val., personal
25,300
43,
0'16J-D$171,000r_Dec 15 '18-'36 Other assessable property,.....102,738
Snow and Ice Removal Bonds.
Total assess. value, 1916..
802,763
48 '17 _-_ $25,000____July 1 1919 School tax (per $1,000)'16-$15.80+
48 '17
25,000____July 1 1918
Subway- Bonds.
48 '17 --- $36,000____July 1 1919 CANTON.
A village in St. Lawrence County.
Deficiency Bonds.
48 '17 _-_ $3,800____July 1 1919 Incorp. 1845. Pop'n 1915. 2,624.
Bridge Oonds.
48 '17 July 120,225____July 1 1918
.Feb 1 '19-'20
Certifs. of Indebt. and Mthly. 45 '03 Feb $2,000..
4s '13 Feb 11,000__Feb 1 '19-'27
Local Work Bonds.
7,000__Mar
1 '20-'26
430'15
M-S
f
48
-„_$1.974,102.41_ _ _Various
138,000_ _Mar 1 '27-'45
MT.-WHERE PAYABLE-Int.
Gravity-Water-System Bonds.
payable at the office of the Commissioners of Finance and Accounts in 48 '17 J-J $180,000c_July 1 '21-'45
Buffalo and by Hanover Nat. Bank, BOND.DEBT Nov 1917.... $395,176
Assessed valuation, real___ 1,415,120
New York.
Assessed val'n, personal-.. 78,035
TOTAL DEBT,SINK. FDS.,
35,235
April 1 '18. April 1 '17. Special franchise
Total
valuation 1916
1.528.390
Tot. bd. dt_$38,688,012 $39,345,899
Sink.funds_ 4,509,248 4,159,042
CARMEL (TOWN) SCHOOL DISNet debt_$34,178,704 $35,186,857
TRICT UNIT NO. 9.
Water debt (incl. above)-$12,140,555
This district (P.O. Mahopac) is in
Water sk. fd.,inci. above
930,174 Fulton County.
ASSESSED VALUATION.
School Bonds.
1918.
1917.
1916.
Eis '18 ann $35,000__Jan 1 '19-'33
R.E.495176755 478162935 351939420 TOTAL DEBT
(7)
Per_ *43666205 55658355 38548180
INT. payable at Putnam Co.
Tot.525187370 533821290 390487600 Nat. Bank, Carmel.
(Assessment nominal real value.)
Tax(p.
CARTHAGE.
M)
29.844
19.5() This village Is in Jefferson County.
* Including special franchise valua- Inc. 1869. Population 1915, 3,871.
tion amounting(1918)to $30,010.605
Water Bonds.
POPULATION.-In 1917 (est.). 4s
J-J $50,000c___July 1 1922
550,000; 1915, 454.630; 1910. 423.- 43g'07 F-A 85,000c__ _Feb '19-'35
715; in 1905, 376.587.
4Xg'07 F-A 53.400c_Vay 1 '19-'38
Paving Bonds.
CAMBRIDGE.
..Sept 1 '18-'27
5s'17 M-S
This village is in Washington Co. Paving notes$10,00016.000
Inc. 1866. Pop'n 1915. 1.727. Subway notes
4.000
Highway Bonds.
BOND. DEBT Oct 1917_ _ $816,347
4.95813J-J $31,200r_July 1 '18-'43 Sinking funds
61,253
TOTAL DEBT April 1918.._$32,000 Assess.val.'16(X to1-3act.) 1,555.415
Assess. val. real, 1917
636,465 Village tax (per $1,000) 1916__$18.50
Assess. val. pers'1, 1917
177,300
Other assess. prop., 1917
26,554
Total val.'17(75% act.)
840,319 CASTILE.
This village is in Wyoming County
VIII. tax rate (per $1,000) '17-312.55
INT. at Cambridge Val. Nat. Bk. Incorporated in 1877.
Light Bonds.
3s
$5.000
1918-1927
CAMDEN.
This village is in Oneida County.
Water Bonds.
4s
1918-1933
Incorporated in 1834.
--- $25,600
,
Street Impt. Bonds.
Highway Bonds.
4Xs
48
J-J $17.000
July $27,360r_July 1 '19-'42
BOND. DEBT Apr 1917__ 71,900 BOND. DEBT Dec 1916- $61,200
27,200
Assessed valuation
782,265 Water debt (included)
Total tax rate (per $1,000)'16 $14.03 Assessed value,real estate..--520,309
140,300
Population in 1915
2,181 Assessed value, personal..
Other assessable property_ .,_ 3,900
664,509
CAMILLUS UNION FREE SOB. Total assess. val. 1916
Tax rate (per $1.000) 1916- _..$9.25
DIST. NO. 9.
Population in 1915
962
Building Bonds.
430
Nov il6,000r
I
____1918-1923
30,000r ____1924-1943 CASTLETON.
BOND.DEBT Apr 9'18_ _$35,000
This village is in Rensselaer Co.
Assess, val, real estate
553,150 Incorp.
1827. Pop'n 1915, 1,583.
Assessed val., personal
30,500
Highway Bonds.
Other assessable property
305,130
- - $9.500r_Apr 1 '19-'37
Total assessed value 1916__ -888,280 5s
Water\Yorks Purchase Bonds.
School tax (per $1,000)'16_$11.42+ 4.908'13A-0
$50,000r_Oct 1 '18-'42
INT. payable at the Mechanics TOTAL DEBT
Apr 16 '17.. 160.000
Say. Bank, Fishkill-on-Hudson.
Water sinking fund
3,000
Assessed valuation 1915..
537,000
OANAJOHARIE.
1,250.000
This village Is in Montgomery Co. Real value (est.)
Inc. 1829. Population 1915. 2,474. INT. payable at Nat'l Exchange
Bank, Castleton.
Sewer Bonds.
3 15-16s_-_ $15,500
1918-1927
Water-Works Bonds.
4.55s'10Aug$115,0000 or rAugl'18-40 CATSKILL UNION FREE BCE.
4.308 -- 44,000
1918-1939
DIST. NO. 1.
Street Bonds,
This district is in Greene County.
1918-1921
4.625s'11--- $4,000
Building Bonds.
1918-1919 4s '06 M-N1$14,000c.May 1 '18-'24
55 , .,,600
BOND.DEBT May 16'164198,300
15,000c.May 1 '25-'29
Assessed valuation 1916__ _1,214,567 BOND. DEBT May 6'18 $29,000
Village tax (per $1,000) 1916_$21.00 Assess. value real estate.._ 2,390,950
Assess. value, personal___
89,600
CANANDAIGUA.
91,524
Other assessableproperty_
This city is in Ontario Co. First Tot .assess .val. 17(X act .)2,572,074
inc. 1815; as city April 28 1913. School rate (per $1,000) '17_..$1O.40
Population 1915, 7,501.
Population in 1917 (est.)
5,500
4sPier Bonds.
_ $11,000
CATSKILL, VILLAGE.
City hall Bonds.
This village Is in Greene Co. Inc.
5s'16 Jan z$14,000r__Jan 1 '19-'32
Pier bonds 4s
$14,000 Mch. 14 1806. Pop'n 1915. 5,371.
Water Bonds.
Street Bonds.
0
1918-1928
3.65s'04 M-S 100,000_ _Sept 1 '18-'27 4 s.6 J-J $33,
$2,0
BOND. DEBT May 6 '18- $125,000 Village building bonds
Assess, val., real estate..__ -3,803,145 BOND.DEBT Apr 16'17- $38,000
36,000
Assess. val., personal
1,041,883 Water debt (included)
Other assessable property
238,560 Assessed valuation, real___2.227.625
Assessed yarn. personal.... 123,650
Total assess. val. '17 (70 to
5,083,588 Other assessable property__ 109,252
75% actual)
Tax rate (per $1,000) '17---$15.25+ Tot. ass'd val..'16 (act.)-.._2,460,527
z INT. payable at the County Tax rate (per $1,000) 1916_ _$12.40
Nat. Bank, Canandaigua.
INT. payable at Catskill Nat'l Bank.

58
CATTARAUGUS.
This village is In Cattaraugus Co.
Incorporated in 1882.
Paving Bonds.
43015 J-D $17,000r..„31,500 y'lY
Water Bonds.
43,6s'15 J-J $7,000c_ _ _$2,000 y'rly
BOND. DEBT June 1 '17- __$17,000
Water debt (incl.)
9,900
Assess. val. real 1917
419,125
Assessed val., personal
18,325
Franchise property
18,382
Total ass. val. 1917
455,842
Population in 1915
1,275

NEW YORK-CITIES AND TOWNS.

[VoL. 106.

CHERRY VALLEY SCHOOL DISBOND. DEBT Apr 1918.... 3345.000
Sewer Construction Bonds,
3318'99 J-J $15.680.54rJanl '29-'31 Assessed val. (Real estate8,669,000
TRICT NO. 1.
1Total ____9,403,899
1917
This district (P.O. Cherry Valley) 3348'99 J-J 40,245.88r Janl '32-'39
City tax (per $1,000) 1917...410.09
City-Hall Bonds.
is in Otsego County.
Dec $55,000r- Dec 15'18-'28 Population. city (est.) 1818...14,500
BOND.DEBT May 6 1918-325,000 4s
INTEREST payable at Columbia
Deficiency Bonds.
Assessed valuation, real est _ _343,850
Assessed valuation, personal_ 41,950 4313'16 J-J $45,000r_Jan 1 '19-'36 Tr. Co.. N. Y.
Water Bonds.
Other assessable property_
22,199
Total assessed value 1916.. A07,999 48 '85 J-J $75,000r___July 1 1920 CORNING
SCHOOL DIST. NO. 9.
(Subject to call July 1 1905.)
School tax rate(per$1,000) '16.317.00
4s '88 J-J
14,000r__July 1 1923 4s '95 lich $24,500r _1918-1931
Melt
41
'09
30,000o ____1932-1946
7,000r_Nov
1
'18k'19
CHESTER.
DEBT Apr 8'18_ $54,500
This village is in Orange Co. Inc. 4s'09 J-J 20,000r_Nov 1 '21-'22 BOND.
6.357,070
140,000r_Nov 1 '24-'27 Assess, val. real
June 23 1892. Pop'n 1915. 1,280.
190,400
430'10 J-J 120,000r_Aug 1 '19&'22 Assess. val. personal
Refunding Water Bonds.
Other assessable property.._ 395,046
120,000r_
_Aug
1
'24-'25
53
'17
J-D
842,000
OAZENOVIA, VILLAGE.
Total
assess.
val
6,942,516
55
___
45,000
(Due
part
year
year
beg. Dec. 1 1918)
This village is In Madison County.
School tax (per $1,000) 1917-$6.00
Ontario St. Bridge Bonds.
leapt.
Founded 1793. Incorp. In 1810.
4 Ms'17 J-D 828,500r_Dec 15 '18-'36 Population in 1918 (est.)____10,500
4Xs'13
$7,000
Refunding Water Bonds.
INTEREST on bonds of 1895 payBOND.
DEBT
8842,243
Dec
31 '17
Water
M-N$31,000c_ _ _ Part yearly
45
1,272 able in Cortland and on bonds of
J-J $8,400c
4s
1918 Sinking fund Apr 1917_..
Refund. Water & Sewer.
1909 in New York.
Assess.
val.
real
estate__11,768,687
Roads.
434s
$27,000r.41.000 yearly 4s
J-J
$8,400o _ -.1918-1928 Tot. assessed val. 1916_12.418,736
BOND. DEBT May 6 '18_
58,000
12,928,162
DEBT May 27'14_464,800 Assess. val. 1917
Assessed valuation, real_ _ _1,170,450 BOND.
Water debt (included)
48,000 Total tax (per $1,000) 1917_ _424.80 CORNING UNION FREE SCH.
Assessed val'n, personal_.__ 90,550 Sinking
DIST. NO. 13.
INT. on $65,000 water 4s at Manfund
2,000
Total ass'd val.(act.)'17_.A ,261,000 Assess. val.
If-S $7,000o_Sept 1 '18-'24
ufacturers' Bk., Cohoes; on $7,210 64 4s
'16 real & soeVillage tax (per 31.000) 1918--$1O.00
M-S 55,0000_Sept 1 '18-'50
58
'08
of
imp.
bonds
of
bonds
1902,
Imp.
cial franchises(45% act.)1,096.026
Population 1910. 1,861; 1917. 1,968 Vii.
tax (per $1,000) 1915 -..$10.88 1903, 1904 & 1905, fire dept. bonds BOND.DEBT May 8 1918 $62,500
_2,503,875
INT. payable at Cazenovia Nat.
of 1914 and water 4s of 1909 at U. S. Assess. val, real
INT. payable in Chester.
estate__prop _
14,300
Bank.
Mtg. & Tr. Co., N. Y.; on all others Assess. val. personal
Other assessable property__ 145,087
at Central Tr. Co.. N.Y.
CLAYTON.
Tot.asses.val.(80% act.) 17.2.663,262
This village is in Jefferson County.
CEDARHURST.
School tax (per 31.000) 1917-311.67
COLD SPRING.
This village is In Nassau Co. Inc. Inc. In 1872. Pop'n 1915, 1,879.
6,500
This village is in Putnam County. Population (est.) 1917
BOND.DEBT Mar 1 1915-.434.284
Sept. 10 1910. Pop'n 1915, 2,657.
INT. on $7,000 bonds payable in
Assessed valuation, real
675,042 Incorporated in 1846.
Street-Impt. Bonds.
N. Y. City; on $54,900 at First Nat.
Dock Bonds.
17,065
43ig'12 M-S $28.000r_Sept 1 '18-'31 Assessed val'n, personal
1923-1948 Bank of New York.
692,107 5s '18 M-N $7,800
4.70g'13M-S 28.000r_Mar 1 '18-'32 Total valuation 1914
Sewer Bonds.
43ig'15 M-S 28,200r_Mar 1 '19-'33
33s
_ _ _ $85,500c
TOTAL DEBT Apr 6'18_ $86,000
BOND. DEBT Apr 1 '17_ $85,500 CORNWALL-ON-HUDSON
Assessed valuation 1917_ _ _1,566,765 CLIFTON SPRINGS.
A village in Orange County. Inc.
919.390 1884.
This village is in Ontario Co. Inc. Assess. val. real
Tax rate (per $1,000) 1917-.415.00
Population 1915, 2,240.
Assess, val. personal
87,550
Population
Mch.
1
1873.
1915,
1,664.
INT. at Bank of Long Island. Far
Reservoir Construction Bonds.
Other assessable property.. 10,185
Refunding Bonds.
Rockaway.
s'12 F-A $26,000r_Feb 1 '19-'31
$8,000r_June 1 '19-26 Tot.assess.val.'16(75%act.)1,017,125 4 Refunding
Water Bonds.
$9.00
5s '16 J-D1 15,000r_June 1 '27-36 Tax rate(per 31,000) 1916
'15 F-A $50.000_ _Aug 2 1930
20.000r_June 1 '37-'46 Population 1915, 935; 1917, 1,334 53 Fire
CHAMPLAIN.
Department Equipment.
INT. payable in N. Y. City.
Electric Light Bonds.
This village is in Clinton County.
5s '15 J-J $4,000__July 1 '18-'21
July $9,000r._ _Part yearly
48
Incorporated in 1873.
Sidewalk Construction Bonds.
July 2,500r_ _Part yearly COLUMBIA COUNTY.
BOND.DEBT May 1 '18.. 328,000 4345
5s'11 ___ $8,000__July 1 '18-25
Bonds.
Village
Hall
Sinking fund (water)
6,691
County seat is Hudson.
Fire House Bonds.
___ $9,000--- _Part yearly
Assess. val. real estate_ _ _
287,374 4.4s
Highway Bonds.
5s '02 __ $1,500_Sept 1 '18-'21
Assess. val. personal
19,800 TOTAL DEBT May 8'18_ _ _463,500 430'12 J-1101 $56,000r_June 1 '25-'30 BOND. DEBT May 1918- $89,500
Assessed
debt (add'i)
1,000 4X,s'16 M-S 113,000__Mar 1 '20-31 Assess. val. 1916, real and
4,768
Other assessable property_
3,000
Tot.assess.val.'17(2-3act.) 311,942 Floating debt (add'1)
Court-House Bonds.
spec.franch's(46% act.)-3,014,269
901,057 330 02 M-S $65.000r_Mar 1 '19-'24 Tax
Tax rate (per $1,000) 1917-__ _12.00 Assess. val., real estate
rate (per $1,000) 1915.-413.40
30,050 430'09 J-J 60,000r_ _Jan 1 '20-'25
Population in 1915
1,279 Assessed val. personal
/NT. payable at Vii. Treas. office.
Other assess. property
7,478 43.4s'08 J-J 20,000c_July 1 '18-'19
Tot. assess. val.'17(70%act.)938,585
Refunding Bonds,
Total tax (per $1,000) 1017..$15.86+ 4%5'12 J-D 356.000r_June 1 '25-'30 CORTLAND.
OHARLOTTE.-(See Rochester)
BOND. DEBT Apr 8'18_ $370,000
INT. payable at Clifton Springs.
This city is in Cortland Co. Inc.
Assess val., real
27,015,418 Mar. 1 1900. Pop'n 1915. 12,367.
CHATHAM.
Assess. val., pers'l
702,413 4s '16 A-03109,400
1936
This village is in Columbia Co. CLINTON.
This village is in Oneida County Total assess. val. 1917-28,159.044
Fire Station Bonds.
Incorp. 1870. Population, 2,389.
Other assess. prop.
441,213 430'15
April 12 1843.
$52,000___June
J-J
30
1935
Water-Works-Purchase Bonds. Incorporated
Highway
bonds
(add'I
169,000
Bonds.
Street
Bonds.
4.40'13 J-J 375,000_ _Jan 1 '19-'43
'17 Dec $12,000_41,000 y'ly Popula'n 1910, 43.658; 1915, 44,111 4s Sewer
'09 A-0 $13,500...... Apr 1 1929
TOTAL DEBT May 17'18 375,000 53
INT. coupons at office of Treas. 438'15
DEBT Feb 29 '16-439,150
316,000...June 30 1935
J-J
Assess. val., real, 1917.._ _ _1,038,650 BOND.
N.
Y.
exchange.
registered
bonds
in
Floating
debt
10,000
Paving Bonds.
Assess. val., personal
29,000
DEBT Feb 29 '16.- 49,150
48
J-J $35,514.16_July 1 1921
Other assess. property.. _ _ _ 525,350 TOTAL
SCHOOL
CONCORD
UN.
FREE
Water
debt
(included)
19,000
211.27_July 1 1919
4s
July
Total assess. val. 1918(70%
DIST. NO. 1.
Assessed val., real estate ......653,555
47,000
'07 J-J
_1918-1926
actual)
1,593,000 Total
This district (P. 0. Springville) Is 4s '09
assessed val'n, 1916.... _686,680
__- 1 '19-'20
A-0 10,400Apr
INT. payable at State Bank.Chat. Total tax rate(per $1,000)'16_310.00 in Erie Co. Pop'n 1914 (est.). 2,600. 4s '09
A-0
10,500__
__Apr
1 1922
4s
..Jan
1 '19-'58 4s '09 July 4.000 __July 1 '18-'19
Population in 1915
1,264 4345'08 Jan $65,400r
BOND. DEBT April 1918- $65,000 430'15
7,609.41 June 30 1935
J-J
valuation,
real..
Assessed
....1,730,603
CHAUTAUQUA (TOWN) UNION CLINTON COUNTY.
Purchase Bonds.
Assessed val'n, personal_.. 11,750 48 Water-Works
Plattsburg is the county seat.
'10 J-J $258,000-1930 & 1940
FREE SCH. DIST. NO. 3.
Ass'd val'n '17 (75% act.)..1,742,353
As '09 _-_ $12,0000_Mch 1 '19-'24 School
Bonds.
Refunding
Building Bonds.
tax
(per
$1,000) 1917...19.97 46 '05 A-0 360,900
Refunding Bonds.
1925
434s '16 -__ 328,000r-Oct 1 '18-'45
INTEREST payable direct to
$84,000r_Jan 2 '19-'39
Paving and School Bonds.
TOT.BD.DT. May 8'17_ _ _$60,000 Well
holders of bonds.
Asylum-Building Bonds.
4%8'13 J-J $90,000-..July 1 '20-'33
Tot.assess.val.(real est.)'16 1,675,000
48 '06 Deo $60.000c-Deo 1 1921
Deficiency Bonds.
(Assessment 64% actual)
Funding Bonds.
430'17 M-N $76,000.. _May 1 '19-'37
School tax (per $1,000) 1916.._$7.00
COOPERSTOWN.
School
Bonds.
Population in 1916
1,100 430'12 J-J $20,000r_ _Jan 2 '19-'23
This village is in Otsego County.
DEBT Apr '15.... $205,000
45 '04 J-D $19,500____ Deo 1 1924
INT. Farmers & Mechanics Bank, BOND.
Village Hall.
Assessed val. '14
act.).9.882,708
23.000 ..Apr 1 '27-'28
4s
'09
A-0
Jamestown, in N. Y. exchange.
Apr $5,000c
Pop'n 1910. 48.230; 1915, 47,561 4s
BOND. DEBT Apr 10'18.. $744.213
Bonds.
Assessed valuation, real_ _$8,721,939
INT. at City Nat. 13k.. Plattsburgh. 53SewerM-8 $23,000r
Assessed val'n, personal.... 473,950
CHEEKTOWAGA.
Paving Bonds.
Oth.assess.prop.(75%act.) 9,397,359
This town is in Erie County.
53
Apr 333,6001'
Total tax (per $1,000) 1918_121.80
COBLESKILL.
Sidewalk Bonds.
$61,600
GEN
BD.
DT.
Mar
1
'18_
This village is in Scoharle County
Population 1917 (approx.)_. 2.400
5s '14 --_ 1$10,000r___July 1 1918
Assessment debt addl)
6,000r-July 1 1919 Inc. 1868. Reincorporated under Assessed val., real
962,000 /NT. payable in N. Y. exchange.
now charter Jan. 1917. Population
Sewer Bonds.
Assessed val., personal_ 182,100
COUNTY.
5s '12 Apr $53,185r_Apr 1 '19-'42 1915, 2,362.
Assessed val., franchises
31,800 CORTLANDis
School Bonds (Dist. No. 1).
the county seat.
Cortland
5s '13 A-0 I12,600Apr 1 '19-'39
Total assessed val., 1917,
organized
County
April 8 1808.
116.000__Apr 1 '40-'47 58 '13 F-A $60,600c_Feb 1 '19-'52
1,175,180
(25% actual)
Park Bonds.
5s '14 A-0 18,000__Apr 1 '25-'42
Highway Bonds.
Tax
rate
(per
$1,000)
1917_-_316.00
$56,000c_Apr
TOT.DEBT May 7 1913-- $64,400 4s '07 F-A $7,000o_Feb 1 '19-'25 Population (est.) 1917
43.48'16
A-0
1 '19-'32
2,846
Street Bonds.
BONDED DEBT Feb 1 '16_364,000
Assessed valuation 1916...8,601,224
Floating debt
Tax rate (per $1,000) '12_47.114 3.953 M-N334,200_ _ _ May 1 1936
31,800
Population 1910, 7.650; 1915. 9,405. TOT. BD. DT. Apr 1 '18.... $104,200 COOPERSTOWN UNION FREE Assess. val, real estate and
Assessed valuation 1915...1,703.120
special franchises
17,166,920
SCHOOL D1ST. NO. 1.
Total tax (per $1,000) 1915_419.70
Assess. val., personal__
270,375
This district is No. 1 of the Town Total
assess. value 1915 17,437,295
/NT. at Village Treasurer's office. of Otsego, Otsego County.
CHEEKTOWAGA UNION FREE
value real est. and
SCH. DIST. NO. 7.
4s '06 J-D 3.32,000c_Dec 1 '18-'25 Est.
spec. franchises 1915...19,070,824
BOND. DEBT Apr 9 1918.. 332,000 Value
ThLs district is in Erie County. COHOCTON.
of county property..
65.000
Thls town is in Steuben County.
P.10. Depew.
Assessed valuation, real_ _1,985,504
BOND. DEBT May 1913- 928,000 Assessed val'n, personal___ 216,400 Tax rate (per $1,000) 1915........$7.42
Building Bonds.
Popula.
'15,
30.074;
'16
(est.),
30,000
Assessed
val.
real
1916_
Total
assessed
val'n
1917..2,201,904
_
_
_1.714,020
$15,000r
June
4%8'06 J-J
30'18-'22
INT. payable in New York City.
4Xs'14 J-J 24,000c_ _Jan 8 '19-'34 Tax rate (per $1,000) 1910____38.07 School tax rate (per $1,000)'18-39.00
BOND.DEBT Apr 14 '17- $43,500 Population in 1915
3,103
CORTLANDT.
Sinking fund
3.000
CORINTH.
This town (P. 0. Peekskill) Is in
Total assess. val. (real)
COHOES.
Saratoga
County.
This
village
is
in
Westchester County.
1916-17
2.830,662
This city Is In Albany County. Incorporated in 1885.
Highway Bonds.
(60% actual.)
Inc. 1870. Pop'n 1915, 23.433.
BOND. DEBT Oct 23'16-477,000 4s
School tax rate(per $1,000)'16 $13.66
J-J $14,208.73 _1921-1934
Soldiers' Monument Bonds.
22.000 4345
Water debt (included)
F-A
3,000
1918-1920
430'10 -_- $3,400._Nov 1 '18-'19 Assessed
INT. payable in N. Y. City.
estate___ _915,305
val.,
real
Assessment Map Bonds.
Cohoes-Lansingburg Bridge Assessed valuation, personal.. 21,100
F-A
$5,000
1918-1922
53
Purchase.
Assess. val., spec. franchise.. 5,940
Voting Machine Bonds.
$2,000_Dec 1 '18-'19 Total
4%8'14
942,345 58
assessed val'n 1916
OHEMUNG COUNTY.
M-N $7,000 _
1919-1925
Public Improvement Bonds.
Elmira Is the county seat.
Tax
rate (per $1,000) 1916..__$19.80 BOND.DEBT May 18-'18 $29,209
'04 J-J $4,000_May 10 '19-'22 Population
2,415
in
430'13 F-A $12.000r_Feb 1 '19-'24 48
1915
Floating debt
2,956
3345'00
J-J
55.344.71r
Jan
1'26-'31
Hospital Bonds.
Assess. val., real ostato
18,924,685
J-J 30,916.01rJan 1 '23-25
48'16
F-A 39,000c_Feb 1 '19-'27 3345'01
Assessed val., personal_.... 275,650
338'03
J-J
3,390_June
10
'19-'21
Road Bond s
CITY.
Assess. val. spec. franchises 520,420
3345'02 J-J 54,325.51r Jan 1 '19-22 CORNING, situated
430'08 F-A $18.000c_Feb 1 '19-'20 4s
in the town of Total assess. val. 1917-19,720,755
This city,
'05 M-N 14,014.10May101J-'23
45s
Feb 17,675r._Feb 1 '20-'23 45 '05
the same name, Is In Steuben County. Population in 1915
22.790
J4
4
,914rAug
20
'18-23
8.995__Feb 1 '20-'21
4%8'12 Feb
'14 ___
2.000__Aug 1 '18-'19 Incorporated March 20 1890.
00'14 F-A 12,495c_Feb 1 '23-'24 4s
CORTLANDT UNION FREE SOH.
J-J
18,000._Apr 1 '19-'27 4.City Bridge Bonds.
12,000c-Feb 1 "19-'22 430'16
J-J $15,000-July 1 '47-'88
7,600__Apr 1 '19-'26
DIST. NO. 7.
J-J
0'63'15 F-A
1,075c___Feb 1 1923 430'16 J-J
• Water Bonds.
This district Is in Westchester Co.
24,000__Feb 1 '19-'30 45
7,000c___Feb 1 1924 43is'17
J-J $10,000_ __ _July 1 1946 4.10s J-J $79,000r.. Jan 1 '19-61
Grading
Bonds.
430'16 Feb 56,000.. Feb 1 '25-'28 3%8'00
$2,426.67r_Jan 1 1937 4s '07 A-0 30,000-Apr 1 '19-'21 3.95s J-J 50,000r_ I
GEN.CO. DT.Apr 16'17 $154,240
48 '07 A-0 65,000c_410,000 y'lY 33.45
J-J
School Bonds.
1926-1930
Assessed val., real estate_41,430,501 330'01
12,000__Jan 1 '19-'48 43s'35 J-D 10.000
J-J
6.500r_Dec 1 '18-30
$40,000r___
Jan 1 1926 5s '18 J-J
Assessed val., pers'l prop_ 1,169.175 4Xs'17 M-N142,500r_May
General Fund Bonds.
TOTAL DEBT April 1918_ $145,500
1
'19-37
Other assessable property_ 1.197,554
48
J-J
'43-'45
$25.000__July
1
Sinking fund
Fire Department Bonds.
4,500
Total assess val.(abt.90%
River Bonds.
Assess. val. 1916
3r02
1 '21-'25
actual) 1916
J-J $150.000_July 1 '26to'40 School tax (per 31.000)19164.431,527
43,797,230 4 s'10 J-J $20,000r__Jan
6,000r_ _Aug 15 1928 45
311.95+
Pop'n 1910, 54.662: 1915, 59,017 4
Population in 1913 (est)
18,000r_July 1 '17-'34
City Sewer Bonds.
s'14 J-J
8,300
TNT. at County Treasurer's office. 4s'17 J-J
4s
J-J 340.000.. July 1 '49-'52
INT. at Peekskill Say. Bank.
9,000.. July 1 '18-'2




JUNE, 1918.]
CORTLANDT UNION FREE SCH.
DIST. NO.8.
This district is in Westchester Co.
4.35s'07 8-a $26,000r Jan 1 '19-'31
4.35s'07 J-D 10,000r Oct 1 '33-'37
5,000r ____19184923
330'02 J-J
7,000r___Part yearly
4.455 J-J
70,000r_Jan 1 '27-'49
4348'12 J-J
5,000r ____1923-1934
4.95s'13J-J
BOND. DEBT Apr 9'18_ - $125,000
Assess. val.'15(60% act.)_3.697,400
School tax (per *1,000) 1917-410.51
INTEREST payable at Westchester Co. Nat. Bank, Peekskill.

NEW YORK-CITIES AND TOWNS
BOND. DEBT Mar 1 '17-450,000
200
Floating debt
Assessed val.J Real estate_ _ _ 706,025
808,450
'Total
1916
Tax rate (per 31,000) 1916 414.00
1,743
Population in 1915
INT. at Village Treasurer's office.

DELHI, TOWN.
A town in Delaware County. Inc.
Lich. 1821. Population '15, 2,852.
Refunding Bonds.
430'15 May $94,000c-May 1 '1940
(See V. 100, p. 1017 for maturity)
BOND. DEBT May 1918.. $94,000
Assess. val. '14 (real est)__1,115 100
__1,170.785
Total assess. val.
COXSACKIE.
1016_1913_420.87
tax (per 31,000)
Total
This village is in Greene County.
INT.at Delaware Nat. Bk., Delhi
Incorporated in 1867.
BOND, DEBT Feb 29 '16_$39,000 DELHI UNION FREE SCHOOL
Assess. val, real estate__ __1,120,050
DISTRICT NO. 16.
57,800
Assess, val. personal
district is in Delaware Co.
21,508 5sThis
Other assessable property
'14 M-S $47.900c_Sept 15 '18-47
Total tax rate (per :31,000) '16-38.60 BOND.DEBT Apr 10 '17.. $49,500
2,309
Population in 1915
Assess. val. real estate__ __. $671,250
50.850
Assess. val. personal prop_
8.745
Other assessable property_
CROGHAN.
This village is in Lewis County. Total assess. val.(abt. 60%
730,840
incorporated in 1006.
act.) 1916
Tax rate (per $1,000) 1916 _318.19
Water Bonds.
$22,000$1,000 yrly
INT. at Delaware Nat. Bank in
43s
N. Y. Exchange.
Opera House Bonds.
1918-1933
--- $8,000
53
BOND. DEBT Nov 1916-$31,000 DEPEW.
88,092
This village is in Erie County. /nAssess. val. real
18.450 corp. 1894. Popula. 1915. 4,932.
Assess. val. personal
4_106,542 _s '18 J-J $29,600_ _Jan 1 '19-28
Total valuation 1914
659
Population in 1915
Village-Hall Bonds.
4.403'12J-J $17,500r_Jan 15 '19-'32
Sewer Bonds.
CROTON-ON-HUDSON.
4.40s'09M-N 858,000r_ _ Nov 1 '18-'34
This village is in Westchester Co.
Improvement Bonds.
Inc. 1898. Pop'n 1915, 2.243.
58 '06 J-D $5,400_ _June 30 '19-'21
°
Bonds
s
Water-Work
42.400r_Oct 1 '18-'25
4.608'15A-0
$59,500_ _Oct 1 '18-'34
4
13,140__Jan 2 '19-'27
J-J
BOND. DEBT Apr 8 1916 366,350 4.15s
Bonds.
Improvement
1,238,101 _s '17 M-N$14,600
Assessed val. 1915
1918-1927
Total tax (per $1,000) 1915__$11.31 BOND.DEBT Aug 1 1916- $145,000
15,550
Sinking funds
valuation 1916_ _ _2,795,965
CROTON UNION FREE S. D. Assessed
NO. 2. Pop'n '15 (est.) 2.100. VI!. tax rate (per *1,000)'15 321.39+
4358'07 Jan $22,500r_Jan 1 '19-27 DICKINSON (TOWN) SOB. DIS.
4.408'08Jan 35,000r
This district (P. 0. Port Dickin($4,000 yrly. beginning Jan 1 1928.) son)
is in Broome County.
43j8'09 Jan 10,500r.. _Jan 1 '19-'25
School Bonds.
TOTAL DEBT May 14 '17 $76,000
I '18-'23
Assess. val. '16 (abt. act.)_2,745.320 53 '18 J-J J$6,000_July
1 2,000_July 1 1924_
Tax rate (per $1,000) 1916....$8.37+ 53 '18 J-J $46,000_Dec
31 '25-'47
Say.Bk.;
INT. on 4s at Peekskill
TOTAL DEBT
(?)
on 4.40s at Home Say. Bk. White
x INT'. payable at the People's
Plains; on 4Us at People's Say. Bk.. Trust
Binghamton.
Company
Yonkers.
DOBBS FERRY.
CUBA.
This village is in Westchester Co.
This village is in Allegany Co. Inc.
1873. Population 1915. 4,030.
Incorporated in 1870.
Street Bonds.
Paving Bonds.
J-J *34,000r_July 1 '18-'34
'09
48
4s'12 _ _ - 35,500
8,000r_ _July 1 '18-'33
4s '09 J-J
8,000
5s '13 ___
4.40s15F-A
935,000r-Aug 1 '18-'44
500
%s'15
45
Bonds.
Park
Public
Paving Judgment Bonds.
V7,100r_ _July 1 '18-'25
4s '09 J-J
6.s
_-- $4,000
Bonds.
Livingston
Avenue
School Bonds.
$2,500r_ _July 1 '18-'22
48 '09 J-J
___ $26,500
Department Bonds.
BOND. DEBT Mar 1 1918 $40,500 4s Fire
$3.600r._July 1 '18-'33
'09 J-J
5,500
Floating debt (add'1)
Bonds.
Assessed valuation, real__ _ 827,025 48 Sidewalk
J-J
1 '18-'31
'09
*14,500r_July
81,450
personal
vain,
Assessed
25,940 TOTAL DEBT April 1917_ $185,500
Other assessable property
5,098,487
934,415 Assess. val. real
Total val. 1917 (2-3 acO
Assess. val. personal
459,500
VII. tax rate (per $1,000, '17_
Special franchise
189,172
rotal tax rat()(per $..000)'1‘
assess. valuation 1916.5,747,159
Pop'n 1915, 1,645; 1017 (est.)__2,000 Tot.
Tax rate (per $1.000) 1916_410.50
INT. payable at Tarrytown Bank
DANSVILLE.
This village is in Livingston Co.
DOLGEVILLE.
Incorp. 1845. Population '15,4,018.
This village is in Herkimer and FulPaving Bonds.
counties. Inc. Mch. 17 1891.
5s '12 J-D $34,720__Dec 1 '18-'33 tonRetaining-Wall
Bonds.
43,6.9'16 M-N 3,240_ _May 1 '19-'21 4348'17
J-J
$3,000__July 1 '18-29
Bonds.
Water
Fire-Alarm
&
Sewer
Bonds.
'18-'24
1
$27,160r_Sept
44s'96
1918-1931
2,500r_Aug 1 '18-'22 4.208.11June $6,750r
34s'00
,
43
68'13
Mar
1,200r
1918-1929
Sewer Bonds.
Bonds,
3.758'04 A-0 358,800r_Oct 1 '18-'29 48 Water
A-0 $2,000c Apr 20'19-'20
BOND. DEBT Nov 19 '14 3154,400 3348
J-J
35,000c
1923
1,732,372
Assess. val.'14(% act.)
Sewer Bonds.
Village tax (per $1,000) 1914413.08 3.003
J-J *25,500r_July 1 '18-'34
4.203
5,100
1918-1937
DAYTON UNION FREE SCHOOL
Paving Bonds.
4s '10 M-S 1.12.100r_Sept 1 '18-'30
'DIST. NO.9(P. 0. Dayton).
,9,500r_ July 1 '18-'30
BONI). DEBT May 9 '17_ $27,000 43.68'16 J-J c1
1.000r_ __ July 1 1931
Assessed val. real ost. 1916_ 425,000
Sch. tax rate (per $1,000) '16$18.25 BOND. DEB May 13 '18 $102,200
Water sinking fund
7,710
Assessed val. real
DEER PARK.
1,491,990
This town is in Orange Co. The Assessed val. personal__ _
48,700
city of Port Jervis having been a part Other assessable property.. 43,095
of the town at the time the bonds be- Total val. (abt. 60% act.)-1,583,785
low were issued, that city is Jointly re- City tax (per 31.000) 1918___$17.94
sponslble for the payment of same.
Pop'n 1915, 3,325; 1918 (est.)_-4,400
/NT. on 48 at the Amer. Exchange
Refunding Railroad Bonds.
F-A 92,200c&r_ Feb '19-'29 Bank; on 3345 by State Comptroller.
330
BOND. DEBT Juno ii '17 $102,000
Assess. val- 1916 real estate
DUNKIRK.
This city is in Chautauqua County
and special franchise
912,455 Inc. 1885. Population '15, 17.870.
(45% actual)
Tax rate (per 11,000) 1916_315.83 4340'16 --- 355.000
1918-1928
Population 1910, 1,696; 1915, 1.753
Improvement Bonds.
INT. at Nat. Bank of Port Jervle 430'17 ann $17,218.26Apr 4 '19-'27
Public Dock Bonds.
'15- $100,000_June 1 '25-'44
DEER PARK UNION FREE S. D. 53
CY bonds 1913
Deflcion36,000
NO. 1. Pop'n '13 (ost.) 10,500.
Water Bonds.
4546'11 A-0 344.000__Apr 1 '19-'40 3318
A-0 $18,600-Oct 1 '18-'20
'18-'40
A-0
430'10
25,760__Oct 1
BD.DT.Apr 1 '18.. $178,131
TOTAL DEB'! May 7 1918 $75.000 GEN.
debt (add'1)___
56,844
Assessed val'n, real ostato_3,864,924 Assessment
debt
Water
18,600
42,425
Assessed val'n, personal_ _ _
DEBT Nov 1917_ 353,575
Other assessable property__ 155,520 TOTAL
Assess. val. real 1917
9,173,690
Tot.ass'd val.'17(50c/ act.)4,062,869 Assessed
val. personal 1917 110.100
School tax (per $1,000) 1917-314.22 Other
11,000 Tot. assessableproperty_ 558,390
Population in 1917 (est.)
asses.val.'18(70% act.)9,842,180
/NT. payable at First Nat. Bank of Total tax (per $1,000) 1916__$28.02
Port Jervis in N. Y. exchange.
Population 1916
19,115
INT. at Merchants' Nat. Bank of
Dunkirk and Treasurer's office.
DELHI.
This village Is in Delaware County.
DUNKIRK SCHOOL DISTRICT.
Incorporated in 1821.
48 '08 M-S $80,000c....Jan 1 '19-34
Ilighway Bonds.
13,000c__Jan 1 '19-'22
5s '16 M-S $14,000__Sept 1 '19-'25 48 '98 J-J
3348'00 J-J
16.000c_Jan 1 '22-'25
Water Bonds.
1927 48 '05 J-J
12.000c__Jan 1 '19-'24
48
M-N$12,000r
1922 48 '14 A-0 35,000c_Jan 1 '19-'25
4s
M-N$10,000r




BOND. DEBT May 8 '18 $156,000
10,092.187
Assess val. real
671.490
Assess. val. personal
Tot.asses.val.'18(2-3 act.)_10,763,677
School tax (per $1,000) 1918_312.M
Population in 1916 (est.)____19,000
INT. at Lake Shore Bk., Dunkirk.
DUTCHESS COUNTY.
Poughkeepsie is the county seat.
Court-House and Jail Bonds.
J-J J$84,000r__Jan 2 '18-'31
330
1 1,000r__Jan 2 1932
59,000rJan 2 1928
J-J
334s
County House Bonds.
J-J $25,200r_ _Jan 2'18-'28
334s
BOND. DEBT Apr 16 '18.. $169,000
Assess. val. real 1917__ _ _70,486,601
Assess. val. personal 1917 2.968,400
Tot.asses.val.'17(80% act.)73.455,001
Pop'n 1910, 87.661; 1915, 91.044
INT. payable at Co. Treas. office

59
EASTHaMPTON(TOWN)UNION
FREE SCHOOL DIST. No, 5.
This district (P. 0. Sag Harbor) is
in Suffolk County.
BOND. DEBT May 6 '18.. $33,000
Assess. val, real estate____1,423,330
14,975
Assessed val. personal
Tot. a.ss'd val.'17 (y, act.).1,438,305
School tax rate (per $1,000)'17$15.00
3,840
Population in 1917 (est.)

EAST ROCHESTER.
This village Is in Monroe County.
Inc. 1906. Population 1915, 4.000.
43s'17 F-A $69,000__Aug 1 '22-'44
Street Bonds.
4.20s'16NI-S1 $9,000__Mar 1 '19-'27
600___ _Mar 1 1928
4.20s'16M-S 13,000__Mar 1 '19-'31
400___Mar 1 1932
4.708'15M-S $34,200_34.500 yearly
Water-Plant Purchase.
4s g '09 J-J 1.82,0000_ _Jan 1 '19-'38
Sewer Bonds.
4.10g'09 J-J $28,000c__Jan 1 '19-'38
EAST AURORA.
4.708'15M-S 5,360_3260 yearly
This village is In Erie County. In- BOND. DEBT Apr 1918_ _ 3200,367
corp 1849. Population '15. 3,445
Assessed val. (;,i act.)'172,359.159
Street Improvement Bonds.
Village tax per $1,000)'17_413.57
43(8'15 A-0 324,420r_Oct 1 '18-'20
INTEREST payable at the Nat.
4.10s'17 J-J 16,500rJan 1 '22-'26 Bank of Commerce in Rochester.
4.108'17 J-J 11.650r__Jan 1 '22-'26
6,760r Jan 1 '19-'22 EAST SYRACUSE.
4.20s'17 J-J
Street Lighting Bonds.
This village is in Onondaga County •
5,500r_ _Jan 1 '22-26 Incorp. 1881. Population 1915,
4.10s'17 J-J
Water-Ext. Bonds.
3,839; 1916, 3,972.
53 '13 J-J $15.000r_July 1 '18-'32
Sewer Bonds.
Sewer Bonds.
434s'03 July $30,000r___Part yearly
4.308'11 J-J *94,875r_July 1 '18-'40 3.85'05 June 6,500r _ __Part yearly
6,000r_Aug 1 '18-'29 4.65'07 July z17,000r_ __Part yearly
4.308'11 F-A
Water Refunding Bonds.
Water Bonds.
4.358'11 J-J 144,000r_Jan 1 '19-'40 43-8'13 J-D $62,500r_ __Part yearly
TOT.BD,DT. Apr 11 '17- $242,160 5s
J-D 10,000r_ __Part yearly
74,660 4348'14 M-N 12.000r_ __Part yearly
Paving bonds(included)___
Sower bonds(included)____ 105,500 BOND. DEBT May 7 '18- 3138,500
80,500
Water debt (included)____ 62,000 Water debt (incl.)
2.078,925 Assess. val. real
1,441,165
Assess. val. real
37,300 Assess. val. personal
2.000
Assess. val. personal
91,862
89.530 Other assessable property
Other as.sessable property._ _
Tot.assess. val.(50% act.).2,205,755 Tot.asses.val.'17(60% act.).1.535.027
74,300 Total tax (per 31.000) 1917--$20.00
Exemptions (additional)
Tot. tax rate (per $1,000)'16_311.79
z INT. at Trust & Deposit Co. of
Village tax rate(per$1,000)15 *12.10 Onondaga, Syracuse.
INT. direct to holders of bonds.
EAST WOOD.
This village is in Onondaga Co.
EASTCHESTER.
Incorporated in 1894.
This town (P. 0. Tuckahoe) is in BOND.DEBT Mar 1
3100,500
Westchester Co. Pop'n '15. 7.558. Ass'd val, real est.'17(70%
'18..Fire-Engine Bonds.
1,641,425
actual)
1
1922
4s
$8,000___Jan
Tax rate (per 31,000) '17_315.80
5,000.. __Mar 1 1928 Population 1917
__
1,756
Ditch and Drain Bonds.
434s1
3.95s'09 F-A $51.000r Feb '19-'35 ELIZABETHTOWN UNION FREE
Grade Crossing Elim. Bonds.
SCHOOL DIST. NO. 1.
4s
315.101__Jan 1 '40-'55 BOND. DEBT Oct 25 '16_$29,000
Bridge Bonds.
Total asses-s. val. 1916..___533.495
___ 39,000__July 1 '23-'31 School tax rate(por$1,000)'16_816.71
4.70s
4,750.._July 1 '23-'32
5s
Highway Bonds.
ELLENVILLE.
45 semi-ann 39,000r_Dec 1 '27-'28
This village is In Ulster County.
9.000r_Dec 1 '29-'30 Incorp. 1856; reincorporated Apr. 8
4s
4,000r_Dec 1 '18-'21 1914 under Village Law.
53 '07, J-D
($5,000 yearly beginning in 1918.) GEN. BD. DT. May 6 -18_428,000
3,000__Mch 1 '19-'21 Water debt (additional)____ 22,000
450
53 '07 J-D 10,683r_Mar 1 '27-'28 Sinking fund (water)
1.427
70.000Jan 1 '24-'39 Assess. vallreal estate 1916.310,095
434s
9,000r_Dec 1 '29-'30
45
349,522
19161 Total
116,000__Aug 1 '26-'41 Tax rate (per $1,000) 1916___$31.70
434s
130,500____Aug 1 1942 Population in 1915
3,073
5,000____Apr 1 1923
430
4.60s --- 16,500-_Apr 1 '28-'43 ELLICOTT UNION FREE SOB.
DIST. NO. 2.
Sewer Bonds.
This district (P. 0. Falconer) is In
$95,000__Jan 1 '19-'37
5s
___ 125,000.._Jan 1 '39-'63 Chautauqua County.
4.60s
960__Jan 1 '19-'34 BOND. DEBT May 6 1918_341,000
534s
1,680_ _Jan 1 '36-'63 Tax rate (per $1,000) 1918_.._$22.00
___
4.60s
2,400
5s '18 J-J 325,000_ _Jan 1 '19-'43 Population in 1918 (est.)
Refunding Sewer tionds.
$5,000_Jan 1 '31-'35 ELMIRA.
5A s
County seat of Chemung County.
Tax-Map Bonds.
534s-33,000__Oct 1 '19-'24 Inc. 1864. Pop'n '15. 40,093.
BOND.DEBT Jan 1 19154635.354
Mayor's Notes.
Assessed valuation 1916_ __8,326,071 430'12 --- $15.000r_July 1 '18-'22
1918
5,000
INT. on bonds due 1927 to 1928 434s'16 __
Redemption Bonds.
oant
tro
onl e
29
d uaeteS
St
all office
'18-'27
1
*10,000r_Oot
A-0
334898
1930,
3345'01 M-S 11,000r_Sept '18-'28
the Warwick Say. Bank; on the 330'02
3,500rJuly 1'18-'20
J-J
ditch and drain bonds at the First
6,000r_ _July 1 '18-'23
J-J
Nat. Bank of Mt. Vernon; other 4.1 '03
45 '05 M-S 15,000r_Sept 1 '18-'32
Loans at Mt. Vernon Trust Co.
ts '06 M-S 27.000r_Sept 1 '18-'32
General Bonds.
EASTCHESTER UNION FREE 334s '92 ___ f169,000___July '18-'20
1 28,000_ July 1921
SCHOOL DIST. NO. 1.
Bridge Bonds.
This district (P. 0. Tuckahoe) is
334895 A-0$115,000r_Oct 1 '22-'25
in Westchester County.
48 '06 M-S 55,000r.._ _Sept 1 1935
Building Bonds.
City-Hall Bonds.
48 '06 Dec 320,000____$2.000 yrly
3348'95 A-0 $75,000r_ _Oct 1 '25-'28
4.858 Jan 25.000
3340'96 M-S 45,000r_Sept 1 '29-'31
($2,500 yearly beginning 1918.)
31.000 yrly
School Bonds.
4.608 Mar
$42,500 3348'01 M-S $25,000r___Sept 1 1926
May 10
-$3.000BOND. DEBT
Assess. val. real estate '17..2,960.334 4348'11 J-D 20,000r_June 1 '19-'20
Sch. tax rate (per $1,000)'17_ ..$17.90 430'12 M-S 67,000r_Feb 1 '21-'29
(Var. amts. yrly.; V. 95. p. 435.)
430'13 M-S 25.000r_Mar 1 '29-'34
EASTCHESTER UNION FREE
{1,000_ __Sept 1 1918
2.
NO.
DIST.
SCHOOL
M-S 21.000r.:Sept 1 '19-25
403'16
This district (P. 0. Tuckahoe) Is
2,000r___Sept 1 1927
In Westchester County.
Pavement Bonds.
Purchasing & Grading Bonds. 3 34s'95 M-S $40,000r..Nov 15'28-'29
$3,000_..$1,000 yearly 4313'96 M-S 20,000r.._ _Sept 1 1931
48
Building Bonds.
48 '96 M-S 30,000c&r_ Nov 1 1932
$20,000__$2,500 yearly 00'13 M-S 120,000r_Sept 1 '18-'33
434s
___
17,000
534s
A-0 42,300r_Apr 1 '19-'27
430'14
(31,000 yearly beginning 1920.)
'16 J-D 190,000r_June 1 '18-'36
BOND. DEBT April 1918- $40.000 4sPark
Bonds.
1,950,653 33001 M-S
Tot. assess. val. 1917
$16,0000„ _Sept 1 1926
Tot, tax rate (per $1,000)'18314.35
Floating Debt Bonds.
3318'00 J-j 398,000r_July 16 1930
EAST HAMBURG UNION FREE
Water-Works-Purchase Bonds.
430'15A-031.408.000r_Apr 1 '19-'45
SCHOOL DIST. NO. 2.
TOTAL DEBT Dec 1915 357,000 (See V. 100, p. 1018, for maturity.)
1,550.000 BOND.DEBT Apr 1 '18.32,671,500
Assess. val 1915
30,266,720
School tax rate (per $1,000)'15..39.00 Assess. val. real
1,138,350
Assess. val. personal
1,528,172
franchise
Special
EASTHAMPTON.
Trot. val.'17(87% act.) _ _32.933,242
This town Is In Suffolk County.
1918_312.68
$1,000)
City
tax
(per
Highway Bonds.
INTEREST at City Chamber43 '06 M-S *45,000__Mch 1 '19-'26
BOND. DEBT May 6 '18_ $33,000 lain's office, in N. Y. exchange; on
Total assessed val. 1016___5,339.675 1916 pavement bonds at the CheTax rate (per *1,000) 1917_ _ 415.90 mung Canal Trust Co.. Elmira. or
Population 1910, 4,722; 1915. 5,164 at the Importers' & Traders' Nat.
INT. at Easthampton Nat. Bank. Bank, N. Y.

f

60
ENDICOTT.
This village is in Broome County.
Incorporated in 1906.
BOND.DEBT Apr 15'16- 371,000
Assess. val.f real estate-_2,056,659
1Total
1915.
2,066,760
Tax rate (per $1,000) 1915__$12.00
Population in 1915
5,581
ERIE COUNTY.
County scat is Buffalo.
Road Bonds.
334s '02M-N $17,500r_July 1 '18-'22
4s '07 J-D 210,000r_June 1 '20-'34
48 g '08 J-J
245,000r_July 1 '18-'34
48 '09 J-D 117,000r_June 1 '24-'35
43I8'10 J-J 205,000r_July 1 '18-'36
(See V.91, p. 167,for maturity.)
43is'11 A-0 220,000r_ _Oct 1 '18-'32
3.95s
___ 280,000c&r
1946
Armory Bonds.
3%s'05 M-N $30,000r_Nov 1 '18-'20
45 '07 A-0 250,000r_Apr 1 '20-'29
BOND. DEBT Jan 1 '1841,574,500
Assessed valu-f Real est_614381,710
ation 1918_1Total___ _647,001.844
County tax (per $1,000) '17.... _34.50
Population in 1915
571.897
INT. at Co. Treas. office.

NEW YORK-CITIES AND TOWNS.
Assessed val., personal_ __ _
7,700
Tot.a.ss'd val.'17(507 act.)1,202.560
Total tax rate (per $1°
,000)'17 $22.00
Population in 1915
3,662
INT. at Ft. Edward Nat. Bank.
FORT PLAIN.
This village is in Montgomery Co.
Inc. 1832. Population 1918. 2,923.
Water Bonds.
330'02 July 56,000r_July 1 '18-'26
3.90s Sept 6,000r_Sept 1 '18-'23
Refunding Water Bonds.
4.80s'15J-D $26,000
1917-1931
Street Paving Bonds.
4s
A-0 $20,000____ 1917-1937
BOND. DEBT I Water
$49,000
April 1918 __1Paving
20,000
Assessed val'n, real estate_1,354,410
Assessed val'n, personal...... 141,050
Assessed val'n,franchises__
77,998
Total assessed val'n 1917_..1,575,410
Total tax rate(per $1,000) '17..$12.59
INT. is payable on $20,000 paving
bonds at First Nat. Bank, St. Johnsville; on 36.000 water bonds 19181926 at Albany Co. Say. Bank; on
36.000 water bonds at Oneida Co.
Say. Bank; on $11,000 water bonds
at Albany City Say. Inst., Albany;
and on $26,000 water issue at State
Comptroller's office.

ESSEX COUNTY.
Elizabethtown is the county seat.
BOND. DEBT May 1917 $48,000
Assessed valuation, real__18,103,265
Assessed val'n, personal__
406,970 FRANKFORT.
Tot.val.'16(abt.62% act.)18,510,235
This village is In Herkimer County.
Co. tax rate(per$1,000) '16 36.84
Incorporated 1862. Pop'n 1915,
Population in 1915
32,461 4,213; 1918 (est.), 4,800.
5sStreet Bonds.
FAIRPORT.
___
8,800
This village is in Monroe County.
Water Bonds. (Int. at Albany.)
Inc. 1867.
Nov $53,000r
3.50s
• 1923
Water Bonds.
Sewer Bonds.
45
___ $43,000
1923 4.303'11 Sept$55,850r_ _Sept 1 '18-'43
*Paving Bonds.
4.958.13Sept 18,000r_Sept 1 '43-48
4%s '17 J-J f$16,000r_July 1 '19-'21 4.55s16Sept 5.500r_ Sept I '48-'50
1 5.000r_July 1 1922
Paving Bonds.
Light Bonds.
58 '18 ___ $47.500_Nov 13 '18-'36
3.405 -__ $7,000____$1,000 yrly BOND.DEBT Apr 18 '18.. $190,800
Sewer Bonds.
Water debt (incl.)
53,000
bs g'13 July 334,666.63rJuly 1 '19-'43 Assess. val. '17 (real est.)_1,669.731
TOTAL DEBT May 6 1918 $84,666 Sinking Fwad IdVater
8,000
Water debt (Incl.)
43,000
1General
900
Floating debt
2,500
(Assessed val. 85% actual.)
Assessed valuation, real__ _1,849,675 Tax rate (per $1,000) 1917.--315.40
Assessed val'n, personal
39,500
Assessed val'n,franchises
169,412
Total assessed val'n 1917-.2,058,587 FRANKFORT UNION FREE SCR.
DIST. NO. 9.
Tax rate (per $1,000) 1917--410.36
Population in 1917 (est.)
3,700 4%s.$6,500,assum. by N. Y.0. RR.
*INT. payable at Hanover Nat. 4.95s'13 Jan $43,500r _1917-1943
Bank, N. Y.;on other bonds at office TOTAL DEBT Oct 26 '16_ $50,000
Assess. val.'15-'17, real est.1,660.182
of D. C. Becker. Fairport.
Tax rate (per $1,000)'16-'17_411.60
FALLSBITEGH.
FRANKLIN COUNTY.
This town is In Sullivan County.
Malone is the county seat.
Railroad-Aid Bonds Refunded.
Road Bonds.
4s J-J $28.000r.$4,000 yly aft. 1921
M-S5400,000r_Mch 1 '21-'60
5s
__30.000___$4,000 y'ly 434s
430'12 Apr 31,000r__Apr 1 '19-'41
Highway Bonds.
58
1918 45,0'13 M-S 60,000r__Mch 1 '19-24
--- $1,000
BOND. DEBT Apr 1917.. $491,000
Highway & Bridge Ctfs.
13,536,418
4s
Feb $12,000
191R-192 Assessed val., real
287,775
BOND. DEBT May 20 '17. $69,000 Assessed val., personal..
372,487
Floating debt
12,000 Assessed val'n,franchise
Assess. val. '17, real estate 702.937 Total assessed val. 1917_ -14,196,680
(Assessed val. abt.88% actual.)
Tax rate (per $1,000)
$51.23
Population in 1915
5,760 Tax rate (per $1.000) 1917_ __316.00
Pop'n 1910, 45,717; 1915, 46,181
INT. payable by N. Y. draft.
INT. on bonds of 1913 at People's
Nat. Bank, Malone:on others at City
FARMINGDALE.
This village is in Nassau County. Nat. Bk., N. Y., in N. Y. exchange.
Incorporated in 1904.
BD.DT.(water) May 21 '18 $30,000 FRANKLINVILLE.
This village is in Cattaraugus Co.
Assessed f real estate
$450,000
val. '17 1Total
475.000 Incorporated in 1874.
Tax rate (per $1,000) 1918_410.00
Paving Bonds.
Population in 1915
1,856 58 '17 Sept 5,500c_Sept 1 '18-'28
5s '16 M-N 8,000_ _Nov 1 '18-'33
FAYETTEVILLE.
bs '15 Oct. 1 7,600__Oct 1 '18-36
This village is in Onondaga Co.
Paving Bonds.
5s
$8,000r_ _ _$500 yearly
Incorporated in 1844.
BOND. DEBT Feb 29 '16_443,500 4.45
...... 44,000r..$2,000 yearly
Floating debt
34,000r_$2,000 yearly
6,651 58
Sinking fund
___
5,500c_ _ _$500 yearly
4,619 5s
Assessed valua-f Real estate_544,700
Pumping Plant Bonds.
tion 1916_ -__1Total
$6,000_ _31,000 yearly
600,078 55
Assessed valuation, personal_ 25,750 BOND. DEBT Mar 1 1918 $97,500
Other assessable property
29,628 AsSessed val'n, real estate_ 990,755
Total assessed val'n 1916._ _600,078 Assessed val'n, prosonal___
55,500
Tax rate (per $1,000) 1916_414.26 Other assessable property.... 18,864
Population in 1915
1,779 Tot.ass'd val.'17(80% act.)1,065,119
Tax rate (per $1,000) 1917-$20.00
Population in 1915
FONDA.
2,065
This village is in Montgomery Co
Inc. 1850. Population 1915, 1,120.
FREDONIA.
This village is in Chautauqua Co.
Water Bonds.
J-J $17,920r_July 1 '18-'31 Inc. 1829. Population 1915, 5.328.
4s
J-J
3,200c_July 1 '18-'22
Water Bonds.
4s
F-A $32,5000_Aug 1 '18-'22
45
Paving Bonds.
J-J $14.720r_July 1 '18-33
School Bonds.
4s
J-0 $18,000r ____1918-1935
GEN.BD.DT.Apr 6'18.... $35,840 4s
Assessment debt (add'1)___
Street Bonds.
10,000
Water sinking fund
800 4 148'09 F-A 316,000r ......1918-1920
4,950r..Aug 1 '18-'20
Assess. val. real
555,000 5s g '10 F-A
Assess. val. personal
4,000 4.80s '13 J-J 10.000r__July 1 '18-23
500r
Other assessable property
15,000 -8
Tot.asses.val.17(70% act.).. 574.000 4.608'15M-8 14,400r_Sept 1 '18-'25
Tax rate (per $1,000) 1917_312.54 5s '17 M-8 13,000r_Sept 1 '18-'27
Electric-Light Bonds.
INT. payable at People's Savings
$1,000r_ _ _July 1 1918
Bank. Yonkers, and the Nat. Mo- 4s '06 J-J
BOND.DEBT July 1917-- $128,490
hawk River Bank, Fonda.
Water debt (included)___- 32,500
Sinking funds
FORT EDWARD (TOWN).
19,853
Assess. val.'16 (407act.)_2,175 116
This town is in Washington Co.
Village tax (per $1,0k)loto__$16.00
Bridge Bonds.
INTEREST on water bonds is pay5s'15 M-8 $23,000c_Mar 1 '19-'41
BOND. DEBT Oct 23 '16.. $30,000 able in N. Y. City; on school bonds at
Assessed valuation 1916-2,152,930 the Comptroller's office, Albany; on
Tax rate (per $1,000) 1915_313.74 other bonds in Fredonia.
Population In 1915
5.731
INT. at Fort Edward Nat- Bank. FREEPORT.
This village is In Nassau County.
Incorporated 1892.
FORT EDWARD (VILLAGE).
Light Bonds.
This village Is in Washington Co.
4.10s'09J-J 310.084-July 1 '18-'28
Inc. 1857.
8,000_ _July 1 '18-25
44s'11 J-J
Sewer Bonds.
___
3,000_July 1 '18-'24
55 '08 J-J $11,000„July 1 '18-'28 3.45s
4s
4,000 _July 1 '18-'23
__Water Bonds.
58
M-N$49.000
May 1923 4.458'12M-9 13,000_ July 1 '18-'30
Fire-Apparatus Bonds.
Paving Bonds.
$5,000„July 1 '18-'27
5s '08 J-J $22,400__July 1 '18-'33 4 he'll J-J
4.60s'12J-J
1,000__July 1 '18-27
11,458
1933 48
BOND. DEBT Apr 9 '18.... $93,859
Road Bonds.
Water debt (included)
49,000 4 Yts'11 J-J $44,000__July 1 '18-'39
Assessed val., real
1,138,275 4.458'12M-8 14,000__July 1 '18-31,




[Vol,. 106.

Paving Bonds.
4348'11 Oct $6,400.. _..Oct 1 '18-'21
Street Bonds.
43
%s'17 July $12,000__July 1 '18-'29
BOND DEBT May 6'18- $53,000
Water debt (included)___
24,000
Assess. val., real estate__ 1,357,410
Assess. val., personal____
752,500
Other assessable property_
26,250
Total assessed val. 1917
2,136,430
(85% actual)
Total tax rate (per M.) '17_..$9.89
FRIENDSHIP.
Pop'n, 1915, 2,253; 1917 (est.), 2,250
This village is in Allegany County. GENEVA.
Incorporated in 1898.
This city Is in Ontario County
4.80s J-D $12,000
Inc. Jan. 1 '98. Popula. '15, 13,232.
3.908 J-J
23,400__Jan 1 '19-'36
Inlet. Bonds.
BOND. DEBT May 1918_435,400 43(s'16 s-an 342.500
1918-1934
Water debt (included)
24,700 4Ms'16 s-an 26,184
1921
Assessed val'n, real estate_ _ _455,505
Refunding
Bonds.
Total assessed val'n 1916...._ _526,967 bs '14 ___ 36,500
1918-1930
Tax rate (per $1,000) 1916-410.65 4348
A-0
6,000_ __Apr 1 '19-'24
Population in 1915
1,199
Special Appropriation Bonds.
INT. payable in New York.
1925-1929
450'12 A-0 $40,000c
43(s
A-0 18,000___Apr 1 '19-'36
FTJLTON.
Public [wt. Bonds.
This city (incorp. In 1902) is in 4812
1925-1932
A-0 $4,500c
Oswego County and Includes the old 43.4s'12 A-0
1919&'22
800r
villages of Fulton and Oswego Falls.
Street Bonds.
Deficiency Bonds.
3343'99 A-0 $2,500r_ _Apr 1 '19-'19
43is'16 J-J $15,000
3%WOO A-0
5,700r_ _Apr 1 '19-'20
448'16 M-S 13,500Sept 1 '18-'26 334501 A-0
2,625r_Apr 1 '19-'21
Sewer Bonds.
330'02 A-0
_Apr 1 '19-'22
7,360r_
4s '05 J-J 1 $5,000r___Jan 1 1935 4s '03 A-0
6,756r__Apr 1'19-'23
4s '05 J-J
15,000r_Jan '20'25&30 4s '04 A-0
9,750r_ _Apr 1 '19-'24
4s '06 J-J
5,000r.._ _Jan 1 1936 4s '05 A-0
7,000r ..Apr 1 '19-'25
13,300r_Jan 1 '19&'23 4s '09 A-0 33,000r __Apr 1'19-'29
4s '06 J-J
16,000r_Jan '28 & '33 _s '09-'10_
48,000.76
4s '09 A-0
9,360r....Apr 1 '19-'53
Fire-Department Bonds.
20,000r_ _Jan 1 '30-'39
4.35s'10J-J
'15 A-0 $15,625__Apr 1 '19-'34
F-A 14,000r_Aug 15 '18-'31 5sPark
4
Bonds.
Stand Pipe Constr. Bonds.
A-0 31,264__Apr 1 '19-'34
bs
'15
Yts'13 A-0 $18,000__Oct 1 '18-'23
Lake Front Bonds.
Bridge Bonds.
_s
- $14,000
4.303'11M-N$65,760r_Nov 5 '18-'41
City-Hall Bonds.
4.70s'13A-0 18,525.57 Oct 15'2340 bs '13 A-0 $64,000
1918-1933
Water Bonds.
Water Bonds.
3.40s J-D $88,000c_June 1 '19-'29 45 '96 A-0$140,000c_Oct 26 1926
4.458'12A-0 18.750r_Oct 25 '18-'32 434s'll A-0 112,000c_Apr 1 '19-'31
Street Improvement.
4 %s'll A-0 18.500
4s '09 Al-N $34,000r_May 1 '19-'35 TOT.BD. DT. July 1917. 3636,938
4%s'13M-N$50,866.23rMay 1'31-'43 Assessed val., real estatef9,478,666
4%s'15 J-J 40,000r_July 1 '18-'25
and special franchises_ _1
School Bonds.
Assess. val., personal____ 1,013,500
11I-N 32,200r_June 1 '19-'20 Tax rate (per $1,000) 1914--416.60
4s
438'12
22,000___Oct 1 '20-'41
INTEREST is payable part at the
438'14 J-J
28,100r__July 1 1943
Treasurer's office, part at the
BOND. DEBT Aug 1916_*$535,464 City
Nat.
Bank of America and part at the
Other debt
36,198
York.
Assess. val. real estate.. _6,140,897 Nat. Bank of Commerce, New
Total tax (per 31,000) '15 332.98 and GERMAN FLATTS.
$35.40
This town is in Herkimer County.
Pop'n 1910, 10,480; 1915, 11.138
Refunding RR. Bonds.
* Excl. of $50,000 water bonds 33.48
$16,000
1918-1933
issued since 1910.
Bridge Bonds.
INTEREST on sewer bonds of 434s
34,000
___
1918-1921
1906 and 1911 payable at the Citizens' 4348
___
17,000
1918-1934
Nat. Bank, Fulton; on sewer bonds
Highway Bonds.
of 1910 at U. S. Mtge. & Tr. Co., 434s
-__
$10,000
1918-1927
N.
on the street bonds of 1909 at TOTAL DEBT
(?)
the Y.•.
City Chamberlain's office.
Equalized val. 1916
37.845,092
Population 1915
12,809
FULTON COUNTY.
County seat is Johnstown.
GERMAN FLATTS UNION FREE
Highway Improvement Bonds.
SCHOOL DISTRICT NO. 1.
4s '09 A-0 $70,0000_Feb 10'20-26
This district (P. 0. Ilion) is in
58 '12 J-D 14.000.... June 1 1819
4.358'15F-A 50,000_Feb
- 10 '27-'36 Herkimer County.
48
J-J $15,000_41,500 yearly
Hospital Bonds.
91,900r__Jan 1 '19-48
bs '13 J-D $6,000r_Dec 15 '18-'19 434s'13 J-J
BOND. DEBT Dec 1916_ $150,000 4.20s'16A-0 48,100___Oct 1 '18-'46
Total assessed val. 1914_ _17,302,397 TOTAL DEBT Apr 1918_3155,000
4,777,628
Population in 1915
45,625 Assessed val., real
341,200
INT. at People's Bk.,Johnstown. Assessed val., personal
Special franchise
119,454
Total assessed val. 1916_ _5,195,582
GATES.
This town (P.0. Rochester) is in Total assess. val. 1917_. _$5,704,912
Tax rate (per $1,000) 1917_412.46
Monroe County.
Population 1917 (est.)
10,500
BOND. DEBT (Water)
INT. at Ilion Nat. Bank in Now
June 1916
330,000
Assessed val., real estate....5,681,000 York exchange.
Assessed val., pers'l prop
47,841
Other assessable property.._ 149,441 GERMAN FLATTS UN.FR.S.D.2.
P. 0. Mohawk, Herkimer County.
Total assessed value 1915....5,878,006
5s '14 M-N$37,000-Nov 1 '18-'64
Popula'n 1910. 4,862; 1915, 5.498.
434s'15 M-S 10,000....Dec 1 '32-41
_s
_ _
18,000
GATES SCHOOL DIST. NO. 3.
BOND. DEBT Oct 1913.... $39,700 434s'17 M-N 9,800.. May 1 '32-'51
Assessed valuation
-2,042,000 BOND. DEBT May 1916_ $57,000
Tax rate (per $1,000)
1913..1913__ _43.92 Assess. val. 1915, real est_ _1.123.000
Tax rate (per $1,000) 1915_414.00
INT. at Nat. Mohawk Valley Bk
GEDDES.
A town (P.0.Solvay) in Onondaga in N. Y. exchange.
Co. Population in 1915. 6.739.
414s'12 F-A $48,000_ _Feb 1 '19-'34 GHENT & CHATHAM (TOWNS)
UNION FR. SCR. DIST. NO. 1.
Bridge St. Exten. Bonds.
P.0.Chatham,Coluinbia County.
5s '13 F-A $27,000__Sept 1 '35-'43
BOND.DEBT Fob 1 1917_ $78,000 43.48'14 A-0 $72,100r__Oct 1 '18-54
Assessed value,real, 1916.....7.151,015 (See V. 100, p. 68, for maturity.)
Total valuation 1916
7,973,152 BOND. DEBT Apr 1918...... $72,000
Tax rate (per 31,000) 1913.._....$8.1O Assessed valua- reat estate.1,808,056
tion 1917___ total_1,878,906
INT. at Chase Nat. Bk., N. Y.
Tax rate (per $1,000) 1916_49.94
INT. at U. S. M.& Tr. Co.. N.Y.
GEDDES UN. FR. SCR. DIS.N0.2
A district (P. 0. Solvay) in Onondaga County. Pop. 1918(est.), 6.500. GLEN COVE SEWER DISTRICT.
Situated in Town of Oyster Bay.
J-D $32,000r__Dec 1 '18-33
43.48
Sewer Bonds.
00'12 A-0 142.000c_Oct 1 '18-'38
4J48'13
$9,000__Oct 1 '18-'20- 434812 M-8 $143.500_Sept 3 '18-'39
40,000___Oct 1 '20-'32 BOND. DEBT Apr 18 '17_ $150,000
4%s'13
4%s'14 _ _ 25,000_ _Oct 1 '18-'38 Assessed valuation 1917_7,492,081
TOTAL liEBT Apr 19
- '18.. $218,000 Tax rate (per $1,000) 1917......$2.60
Assess. val. 1917 (actual)_ _7,487,385
Tax rate (per 31.000) 1917-310.49 GLENS FALLS.
This city is In Warren County.
INT. on the$34,000 434s at Syracuse Trust Co.; on others at Chase Inc. 1839. Population 1915, 16.323
Judgment Funding Bonds.
Nat. Bank. N. Y.
5s
M-N$12,500... May 31 1933
GENESEO (TOWN).
Bridge Construction Bonds.
This town is in Livingston County• 434s'14 M-N$45,000__May 1 '34-'37
Highway Bonds.
Sewer Refunding Bonds.
4 s'll
$5,000_Feb 15'19-'28 434s'12 F-A $107.000_Aug 31'18-'28
Water Bonds.
Bridge Bonds.
30,000e_ __July '18-'20
4.70s'11 _ - $5,500_ _ Feb 15'19-'29 434s'09
5s '13 M-S 13,000__Feb 15 '19-'31
Village Hall Bonds.
TOTAL DEBT
334500 J-D 831,200o Y'ly to J'ne'29
(?)
Assessed val real est., '16..$2,912,078
Park Bonds.
Assessed val. personal____
766,500 43.48'17
866,000_Aug 15 '27-'34
Assessed val. bank stock__
227,899 BOND DEBT May 8 '18.. $289,050
Population 1915
3.348 Assessed val., real
8,989.160
Assessed val., personal
137,500
Special franchises
GENESEO (VILLAGE).
304,470
This village Is in Livingston Co Total assess val.
9,431,130
Inc. 1872. Population in 1915. 2,253 City tax (per $1,000) 1916_414.35
Total tax rate (per $1,000)'17 $33.85
Town-Hall Building Bonds.
INTEREST payable in Glens Falls
4348'07 July $10,000r_July 1 '18-27
Water Bonds.
4.10s'09J-J
35.150....July 1 '18-'23
7,100__July 1 '18-'25
4 Well J-J
4.458'12M-S 3,000_ _July 1 '18-'20
1,000__July 1 '16-'19
4s
bs_ 52,500_ __Jan 1 1919
BOND.ISEBT
Apr 111918
3173,000
Assessed valuation 1917-5,363.059
Tax rate (per $1,000) 1917._$11.00
Pop'n 1915, 7.465; 1918 (est.), 9,000
INTEREST payable at Freeport.

•

JUNE, 1918.

NEW YORK-CITIES AND TOWNS

61

HARRIETTST OWN UN. FREE
GREENPORT.
GRANVILLE.
SCH. DIST. NO. 1.
This village is in Suffolk County.
This village is in Washington Co.
This district is in Franklin County.
Incorporated 1868.
Inc. 1885. Pop'n '15, 3,890.
BOND.DEBT Apr 8'18__ $29.750 4348'09 A-0 $26,000r_Apr 1 '19-'44
Highway Bonds.
3,000r_ _Jan 1 '19-24
J-J
6,000 4348
bs '13 Sept $19,395
1918-1943 Water debt (included)._ _ _
10,000r_ _July 1 '18-'2'7
4,700 434509 J-J
5s '14 Sept 16,200r_Sept 7 '18-'44 Floating debt
Assessed val. real
1,684,825 5s '13 M-S 24,000__Sept 1 '18-'41
Water Bonds.
78,150 BOND. DEBT May 1916_ $70,000
4)-s
Jan $29,000r
_1918-1946 Assess. val. personal
12,502 Assessed val.'15 (1-5 act.)_1,995.000
BOND.DEBT May 1915- __$78,700 Other assessable property_ _
School tax (per $1,000) 1915_422.30
Floating debt
2,000 Total assessed val. 1917
5,500
1,775,537 Population in 1912 (est.)
(65% actual)
Assessed val.'15 (2-3 act.)_1,213,900
INT. payable at Adirondack Nat.
$13.00
Village tax (per $1,000) 1915_412.80 Tax rate (per $1,000) 1917_
in
N.
Y.
exch.
Saranac
Lake,
Bank,
3,735
Population
in
1915
INT. payable in Granville at
Farmers' /Cat. Bank.
HARRISON.
GREENWICH (TOWN).
This town is in Washington Co. 'Phis town is in Westchester Co.
GREAT NECK SCHOOL DIST. Incorporated in 1803.
Sidewalk Improvement Bonds.
NO. 7.
$8.248.35__Part yearly
§ Highway and Bridge Bonds. 58
This district (P. 0. Great Neck) is (Taxable.)
Sewer Improvement Bonds.
In the town of North Hempstead, 4As'16 M-S 325,000__Mar 1 '19-'28 434s
GLOVERSVILLE.
___ $212,500
1918-1924
Gloversville is in Fulton County. Nassau County.
Highway Bonds.
BOND.DEBT Apr 9 1918 $25,000
1924 Assessed val., real
Incorp. a city Mch. 19 1890, having 4s
___ $12,000
J-D $7,000r_ _Apr 1 '19-'25
2,167,151 4s
1919 Assessed val., personal__ _
2,000r_Apr 1 '23 &'25
theretofore formed part of the town 45
___
22,000
J-D
107,700 45
of Johnstown. Pop'n 1915, 21,178. BOND. DEBT Nov 14 '16 $95,600 Assessed val., franchises_
93,676 434s'07 J-D 126,000r_June 1 '19-'36
Assessed valuation 1916_ __6,393,973 Total assessed val. 1917
4 qs
_ _ _ 100,000r _ _ _ _1925-1944
Local Improvement Bonds.
6,000....$1,000 yearly
___
$24,000__Jan 1 '19-'21 School tax rate (per $1,000)'16_36.50
2,368,527 434s
4s
(73% actual)
1.040
1918-1919
_
900._ _Feb 1 1919
___
4s
Tax rate (per $1.000) 1917-410.80 44s
4,400
--9,300__Apr 1 '19-21 GREECE (T.) S. D. NO. 1.
4 As
Pop'n 1915, 4,321: 1918 (est.) 4,500 -s
This district (I'. 0. Rochester) is in
Water Supply Bonds.
20,000__Jan 1 '19-'21
§INT. at First Nat. Bank, Green4As'16 J-J
1944
$9,000
bs
5,400
1919 Monroe County.
wich, N. Y.
___ 39.000_83.000 yly. aft.
4315
Building Bonds.
430'17 J-J
5,300
1920
1917
5,200
GREENWICH (VILLAGE).
1921 4Us'17 J-D $75,000r
5,000
1922 (Due beginning Dec. 1 1919.)
This village is in Washington Co. BOND.DEBT Dec 13'16_4567.188
Assessed valuation 1916_ __7,304,240
$4,300
1919 BOND.DEBT Jan 1 1918 $115,000 Incorporated in 1809.
Tax rate (per $1.000) 1916_419.10
4,200
1920 Assessed valuation 1916.._34.084,345
xPaving Bonds.
$6,000r_July 1 '21-32 Population 1910, 4,226; 1915, 5,081
4,100
1921 School tax (per $1,000) 1917_34.80 434s'16 J-J
4s '18 J-J
INT. at Rye Nat. Bank of Rye
6,000 43.0'16 J-J
32,200__July 1 '18-'46
3,800
1922 Population (est.) 1917
and Mamaroneck Nat. Bank.
3,800
1923
BOND DEBT$1,005,606
val., real
Bridge Bonds,
Assessed
HASTINGS ON HUDSON.
(Assessment at 3j actual value.)
430'12 M-N $17,500c_Nov 1 '18-'36 GREENBURGH.
This town Is in Westchester Co.
This village is in Westchester Co.
93,850
Water Loan.
Assessed val., personal
Road Bonds
Inc. 1879. Population 1915. 5,461.
46,976
property_
43is'13 J-D $50,000c_June 19'20-29
assess.
Other
M-N$12,000__Nov
1
'20-'31
15
5s
1918
(est.), 5,750.
1,146,432
Deficiency & Refunding Bonds
Total assessed val. 1917...
Grade-Crossing Elimination.
Sewer Bonds.
Tax rate (per $1,000) 1917__$13.52
4s '97 M-N $28,000r__ _May 1 1922 4Us'15
J-J $21,000___Jan 1 '19-39 Pop'n
$35,200r_..__1918-1939
431s
(est)_2,800
1916
Deficiency Bonds.
2,315;
1915,
Dist. Bonds.
8,800
1918-1939
43&s'14 J-D $22,500_ _June 1 '19-'28 5s Water
x INT. at First Nat. Bank, Green- 5s '13 ___
'15 A-0 $4,500_ _Jan 1 '20-'23 wich
Street Bonds.
exchange.
in
N.
Y.
Sch. Bldg. Const.(Board Educ.)
Assessment Map Bonds.
4.30s J-J $27,000...... .July '18-'26
$67,000__Sept 1 '18-'31
43s
s'14 J-J $30,000__July 1 '19-'24 GROTON.
24,795__July 1 '18-'36
5s '13 J-J
43s
-- 120,000_ _Jan 5 '32-'55
Refunding Bonds.
Park Bonds.
This village is in Tompkins Co.
Fire Department Bonds.
,000__Apr
1
'19-'43
43(0'14
A-0
$75
1918-1925
4.35s
-__
$13,500
later
1
1932
then
again
$25,000r_
_Aug
1860,
3)0'02 Aug
23,000___Apr 1 1944 First Incorp. in
5s
___
1927-1934
12.000
Refunding Railroad Bonds.
1870.
4A8'13 A-0 25,000 ____1919-1943 In Water
Grade-Crossing [him. Bonds.
Bonds.
4 s'13 Apr 10,000r_Apr 1 '19-'21
Highway Improvement Bonds.
1918-1946
___ $33,000
($5,000 payable every two years.) 4s '05 M-N$129,500 __ A918-1933 3As'92 M-S $4.000r_Sept 1 1920 431s
-Sept 1 1922 BOND. DEBT Mar 1 '18- $158,500
4 As'15 A-0 j$4,000____Apr 1 1920 4s '06 F-A
30,000...Aug 1 '18-'32 3As'92 M-S 5,000r
Assess. val. 1918 (act.) _ _ _ _8,132,256
110,000__Apr 1 '22-23 43is'11 F-A 120,000r_Feb
Electric Light Bonds.
1 '19-38
$8.00
27,000__Feb 1 '25-'28 5As'13 F-A
4s'
3Us'16 J-J $11,000r___July 1 1926 Tax rate (per $1,000) 1918
8,000___Aug
'18-25
INT. at First Nat. Bank, Hastyearly
4,200r....$300
4
A
s'12
A-0
Refunding Bonds.
6,500July 1921'-26
'16 J-J
43s'17 J-J f$7,000__- .Feb 1 1924 5s Hartsdale
434s'14 A-0 2,500r_ _ 4500 yearly ings-on-Hudson.
Water
Bonds.
120,000-Feb 1 '25-'28 4.403'12F-A $25,200__Aug 1 '18-'31
Village Hall Bonds.
Sewer Bonds.
3s'99 July $1,000c_ _$500 yearly HAVERSTRAW.
Funding
This village is in Rockland County.
900c....4150 yearly
4s '05 M-N $250,000r Nov 1 1945 4s '04 F-A Bonds.
4s '99 Dec
$79,000r_
_Aug
1
1924
Inc. 1854. Population 1915, 5,418.
4 As'11 M-N 100,000c_May 1 1941
Highway Impt. Bonds.
Elmsford Drainage Bonds.
Sewer Bonds.
yearly
_4500
GEN.BD.DT.Apr 1918- $796,300 4As'09
$8,500r_
4.40s'14J-J
A-0 $47,000......Oct 6'18-33
50,000
Floating debt
5,750..Mar 15 '19-'42 4.12s'09 J-J 347.745c_Sept 1 '18-'37
6,300......Oct 6 '18-'31 5s'17 M-S
431s'12 Sept 5.000c_Sept 1 '18-'22
2,199 4.85s10A-0
Sinking fund, general__
DEBT Apr 1918- $642,000 BOND.DEBT Apr 6'18_450,850
50,000 BOND.
Water debt (included)_
2,400 TOTAL DEBT Apr 15 '15.. $62,000
fund
Assessed val., real
42,820,995 Sinking
Assessed valuation 1914._ _2,500.000
8,640,875 Assessed
Assessed val., real
(included)
17,000
Water
debt
val.,
personal
2,608,650
362,825 Total assess. val. 1917..
Assessed val., personal
637,290 Total tax (per $1,000) 1914.._ _$15.65
val. real estate
45,429,645 Assess.
INT. at People's Bk., Haverstraw.
491,287 Tax rate (per $1,000)
Assess. val., franchises..
18,100
Assess. val. personal
1917_313.22
Tot.assess.va1.'17( A act.) 9,494,987 Pop'n 1910, 23,193;
4,704
Other assess. property 1917
1915, 26.129. Total
HAVERSTRAW UNION FREE
Tax rate (per $1,000) 1917--$3.80
assess. val. '17 (abt.
SCHOOL DIST. NO. 1.
660,094
80% actual)
INT. on local impt. bonds of 1917
This district is in Rockland Co.
(TOWN) UNION Tax rate (per 31,000) 1917-.418.61
and 1918 and refunding bonds of 1917 GREENBURGH
FREE
SCHOOL
5s
'10
J-D $35.000_r_Yly on Dec 1
DIST.
NO.
1.
2,000
(est.)
1918
1.445;
Pop'n,
1915,
at City Chamberlain's office or at
This district (P. 0. Hastings-on$35,000
INT. payable at the First Nat. BOND. DEBT 1918
Mechanics & Metals Nat. Bk., New
is in Westchester County.
Assess. val. 1916
2,500,000
Bank, Groton.
York; on water, railroad, deficiency, Hudson)
School
Tax
rate
(per
$1,000)
Bonds.
1916__$11.00
bridge and local improvement bonds 5s '17
___ $15,000
7,000
HALFMOON AND STILL WATER Population in 1916 (est.)
of other years payable in N.Y.;on all 5s '18 Jan
315,000
other issues at Chamberlain's office. (Duo
(TOWNS) UNION FREE SCH. INT. at Peoples' Bank, Haverstraw.
yearly on Jan. 2.)
NO.
10.
DIST.
BOND. DEBT May 1916_ $96,000
HEMPSTEAD,TOWN.
P. 0. address Mechanicville.
Total assess. val. 1915._._5,784,730
Hempstead (Inc. April 17 1784) is
GLOVERSVILLE SCH. DIST.
Sch. tax rate (per $1,000)'1547.03+ 4s '15 Nov $1,500c.($1,000 yly.) now In Nassau Co., but was formerly
J-D)
Bonds.
18,850r-(31,000
45 '80 J-D
Building
in Queens Co., then including Far
7,000r.($1,000 yly.) Rockaway, Hempstead, Inwood,
4s '06 J-D
4 s'17 J-D $120.000_$5,000 yearly GREENBURGH UNION FREE
TOTAL DEBT
(?)
4As'13 J-D 132,000.($4,000 VIY.)-- Lawrence, Rockaway Beach and SeaSCHOOL DIST. NO. 2.
5,000-($1,000 July) ford villages. On Jan. 1 1898 that
43,6s'10 J-J $145,000c_Jan 1 '19-'47 4 As'15 J-J
4%8'12 J-J
8.000c__Jan 1 '19-'26 BOND.DEBT July 1 '18- $164,350 portion of the town lying "westerly of
GOSHEN.
a straight line drawn from the southBOND.DEBT Apr 8 1918 $153,000 Tot. ass'd val.'17 (real est.)4,376,171
(Assessment 2-3 actual)
This village is in Orange County. Ass'd val.'17, real
easterly point of the town of Flushing
estate_11.309,255
Inc. 1809. Pop'n 1915, 3,511.
School tax (per $1,000) 1917 $4.41+ Tax rate (per M.) for 1917_314.70 through the middle of the channel
Population in 1917 (est)
9,000 between Rockaway Beach and ShelWater Bonds.
INT.
payable at Irvington Nat.
1921
5s
--- $1.000
ter Island, in the county of Queens,
1918-1926 Bank of Irvington,in N. Y.exchange HAMBURG (T0 W N) UNION to the Atlantic Ocean," became part
___ 10,000
45
1918-1919
1,000
--3)s
FREE SCH. DIST. NO. 1.
of New York City, under the Greater
1918-1935 GREENBURGH (TOWN) UNION
4s
--- 20,000
This district is in Erie County
New York Charter. This boundary
Sewer Bonds.
FREE SCHOOL DIST. NO. 3.
4 Ag'10 J-J $36,600r_Jan 1 '19-'39 was changed by the Legislature in
This district (I'. 0. Dobb.i Ferry) BOND. DEBT May 1 '18_ 336,600 April 1899, and the new boundary is
4)s F-A 3100,000_Beg Aug. 1 '21
BOND.DEBT Mar 31 '18 $132,000 is in ‘Vestehester County.
Ass'd val.'17, real estate_ _3,857,500 that portion of the old town of HempAssessment debt (add'i)
10,100
(Assessment about actual value.) stead "bounded on the east and north
Building Bonds.
1,629,520 48
Assessed val., real
J-I) $28,000c ____1918-1924 School tax (per $1,000) 1917....-$6.57 by the east and north bounds of the
141,800 4s
Assessed val., personal
J-D 20,000c _ _ _ _1925-1928 Population in 1918 (est.)
3.600 former village of Far Rockaway, and
49,733 BOND.DEBT Apr 1 1918_ $48,000
Other assessable property_
INT. at Hanover Nat. Bk., N.Y. on the east by a line drawn due
Total assessed val. 1917.._ -1,821,053 Total assessed vat. 1917__ _6,635,052
north from the northwest corner of
Tax rate (per 31.000) 1917____$13 10 Sch. tax rate (per $1,000)'17-$5.47+ HAMBURG (TOWN) UNION
said village to the south line of the
FREE SCH. DIST. NO. 8.
town of Jamaica, as it existed on the
INT. payable at Goshen Nat. Bk.
INT. at the Dobbs Ferry Bank.
This district is in Erie County.
thirty-first day of December 1897."
DEBT Dec 1 '16_ _ $25,000 The bonds given below are those reGREENBURGHUN.FR.DIS.N0.4. BOND.
Assess.
val.
real
estate
'16A,392,816
GOSHEN TrN.FR.SCH.DIS. NO.8. 4348'11
maining as a debt against the town
J-J
$44.000-__Jan 1 '19-40 Tax rate(per $1,000) 1916
This district is in Orange County. 48
87.70 after assigning to New York City the
J-J 44,000
1918-1939
4 As'10 J-D $41.600c___J'ne15'19-'30 BOND. DEBT
portion belonging to it according to a
Oct
1016
$96,000
TOTAL DEBT Apr 12 '17.. $48,000 Assess. val.'16 (2-3
decision of the Supreme Court of the
act.)_6,010,915 HAMILTON.
This village is in Madison County.
Assess. val. real est. 1916__1,336,875 School tax (per
Judicial District at Albany
$1,000)191646.70 + Incorporated 1816; re-incorporated Third
School tax (per $1.000) 1016-415.26 Population 1914
Dec. 9 1899. See V. 69, P• 1357.
(est.)
5,530 Nov. 30 1900.
3,500 BOND. DEBT Oct
Population in 1917 (est.)
Road Bonds.
1915.... $96,000 BOND.
DEBT
Apr
1918____$69,500
42 '93 J-J $293,000c,&r_July 1 1923
INT. at Goshen National Bank.
INTEREST at First Nat. Bank of
49,500
Almshouse Bonds.
Hastings-on-Hudson in N. Y. exch. Water debt (included)
Assess. val. real estate
852,750 434g'11 M-S $17,100 _M&S 1 '18-'26
GOUVERNEUR.
Assess. val. personal
27.900 BOND. DEBT Apr 1918.. $386,000
Lawrence
St.
in
Is
This village
Other assessable property._
4.355 Assess. val, real estate___67,877,842
GREENE COUNTY.
Co. Inc. Sept. 1850.
Total assessed val. 1917
Catskill is the county scat.
885,005 Assess. val. personal
660,750
Street-Improvement Bonds.
Total tax rate (per $1,000) '17_38.20 Special franchises
Court House & Jail Bonds.
1,572,428
'18-'22
430'12 A-0 34,000r __Oct 1
1,586 Total assess. val. 1917_ _70,111,020
890,000__ _Feb 1 '19-27 Population in 1915
Water-Works Refund. Bonds. 4s '10 F-A 30,000c_Feb 1 '29-31
Net total assess. val. 1917_70,069020
43,
18'10 J-J $31,000c_July 1 '18-'32 4s '11 F-A 10,000c___Feb 1 1933
Total tax (per $1,000) 1917____35.46
HAMILTON COUNTY.
BOND.DEBT Apr 6 1918_ $35,000
Bonds.
Lake Pleasant is the County seat Populs.'n 1910, 44,297; 1915, 63,271
21,000 48 Refunding
Water debt (included)..__
'11 F-A $10,000c___Feb 1 1932
INT. on road bonds at First Nat.
Funding Bonds.
Assessed val., real
- 1,833.820
Road Bonds.
58 '10 J-D$125,000e_June 1 '21-'40 Bank, Hempstead; on ahnshouse
Assessed val., personal.- 163,950 4s '11 F-A
bonds at Town Clerk's office, and
32,700 40 '11 F-A $11,000c_Feb 1 '19-'20 BOND. DEBT Apr 13'17_ $125,000 on
Other assessable property_
town house bonds at Bank of
5,000c___Fob 1 1934 Assessed val., real
5,029,583
Total val.'17 (75% actual) 2,035,470 4s '12 F-A
1 '34-39 Assessed val., personal
8,089 Rockville Center.
Tax rate (per $1,000) 1917-49.83 48 '15 M-S 52.500c_Feb
This town has an invested fund of
17,500c_Mar 1 '39-'41 Tot. assess. val.'15(3
act.)5.037.672
%
Pop'n 1015, 4,164; 1917; 4,158.
45 '16 M-S 15,500____Mar 1 1941 Tax rate (per $1,000) 1916_48.00 $500,000 on bonds and mortgages at
INT. on 4 As at First Nat. Bank,
17,000___ _Mar 1 1942 Population 1910, 4,373; 1915, 4,491 6% from the sale of town bonds.
Gouverneur; on 4;is at Hanover 4s '16 M-S S,000_..Sept 1 '25-'26
INTEREST at Northville Bank
Nat. Nank, Now York.
4s '16 M-S C0,000Sept 1 '21-'24
In New York exchange.
HEMPSTEAD, VILLAGE.
1,000__Sopt 1 1925
This village is in Nassau County.
BOND.DEB Apr 8'18.. $274,500
GOWANDA.
HARRIETSTOWN.
Incorporated
1853. Population 1917
This village is in Cattaraugus and Assessed val., real
14,725,037
This
Saranac
town
(P.
0.
Lake)
is
(est.)
7,500; 1915, 6.073.
Assessed val., personal_
Erie counties. Incorp. in 1850.
242,775 in Franklin County.
Fire Apparatus Bonds.
BOND. DEBT Mar 1 1915 $42,000 Other assessable property_
260,331 4.90s'18
325,000-Apr 1 '19-'43 4.12s'16J-D $20,000
1921-1931
Assessed val., real
1,056,438 Total assessed val., 1916_15,228,143 TOTAL DEBT
31,000
Street Bonds.
Assessed val., porsonal
369,000 Total tax rate (per 31,000)'18 $21.40 Assess. val., real est. 1917.31,981,045 -8
--_
$2,000
1919
Pop'n
1910,
30,214;
Total valuation 1014
1915, 30,091
1,425,438
INT payable at Adirondack NaSewer Bonds.
Population in 1915
/NT.at County Treasurer's office. tional Bank, Saranac Lake.
2,524
4.20s'll J-J $230,000r_July 1 '18-'49
GLENVILLE UN. F. S. D. NO. 2.
This district (I'. 0. Scotia) is in
Schenectady County.
bs '15 J-J 60,000r
1924
12,000c
5s '05 J-J
1925-34
5s '10 J-J 13,500r
12,000r ___-1918-1932
5s '12 J-J
2,000r
1919
5s '16 J-J
$99,500
BOND. DEBT Apr 6 '18_
Assess. val., real estate___ 1,137,373
138,505
Other assess. prop
Total val. 1917(40% act.) 1,675,878
Tax rate (per $1,000) 1917_323.00
Population (est.) 1918
5,000
INT. on latter issue at Citizens'
Tr.Co.,Schenectady. in N. Y. exch.




62

[Vol.. 106.

NEW YORK-C1T1ES AND TOWNS.

HEMPSTEAD VILLAGE (Concl.)
Building Bonds.
4.20s'l 1 J-J 321,000r_ _July 1 '18-'31
Park Bonds.
4.20s'll J-J $2,700r_July 1 '18-'19
Water Bonds.
350
-_- $37.400
1927
BOND.DEBTor water.. $42,400
Apr. 13 1917 Other purp 289,500
Assess. val., real estate____3.985,260
Assess. val. real estate___$4,015,138
Assess. val. personal
158,750
Assess. val. franchises..
253,413
Total assessed val. 1918_ _ 4,409,301
Village tax (per $1,000) 1918_ _$18.00

BOND. DEBT Apr 11 '18_377,600
Total valuation 1917__3,758.243
School tax (per $1,000) 1917__$14.00
INT. at Bank of Rockville Centre.
Far RockawayBk. and UnionSay.B1c.
of Patchogue and Ellenville Say. Bk.

HEMPSTEAD UNION FREE
SCHOOL DISTRICT NO. 24.
5s '13 _-- $23,000_July 1 '19-'41
18,000rJan 1 '19-'27
454s'07
BOND. DEBT Oct 1914__ $50,000
Certificate debt
7.500
Assess. val. real
1,432,111
Special franchise
31,300
Total valuation 1916
1,463,411
HEMPSTEAD COMMON SCHOOL School tax (per $1,000) 1916._$12.0O
INT. on the 430 payable at the
DIST. NO. 28.
Lynbrook Nat. Bank and PoughThis district is in Nassau Co.
BOND. DEBT Nov 1916.. $92,000 keepsie Savings Bank; on the 5s of
Floating debt
9,000 1913 at Bank of Rockville Centre.
Assessed valuation, real_ _ _7.111.535
Assessed val'n, personal
3,000 HERKIMER.
This village Is in Herkimer County.
Special franchise
15,000
Total valuation 1916
7.129.535 Inc. 1870. Population 1915. 9.577.
School tax (per $1.000) '16...._..$3.10 45(s'17 F-A $4.000....Fob 15'19-22
45,0'17 F-A
$500
Feb 15 1919
Water Bonds.
HEMPSTEAD UNION FREE SOH. 4.30s
___ $32,000
1918-1934
DIST. NO. 1.
Electric Light Bonds.
4.33s'll A-0 $38.500_ _ _Oct 2 '18-'31 33.s
35,500
1918-1928
3.99s'09J-D 41,950r
1931
Municipal Bldg. Bonds.
8.75er
4 33s'11F-A
1931 45is
$16,500
1918-1928
18,000
5s '18 ___
1927
Fire
Truck Bonds.
BOND. DEBT 1917
$89,200 450'16 ann
1918-1919
Assessed val., real 1918
5,768,927 43,5s'16 ann $2,000
1918-1922
5.000
Assessed val.. personal_ _ _ _ 187,000
Paving Bonds.
Special franchise
139,860
F-A $3.000c _Feb 1 '19-'19
Total assess. val. 1917_ _ _ _6,095,787 4.10s'09
48 '08 J-J
32,000c_July 1 '18-'33
School tax (per $1,000)1916__$11.80 58 '14 ___
1,587.36_3900 yearly
Population in 1915 (est.)
7,468 4.40s'16F-A
4,512.90 Feb 1 '19-'21
INT. at Hempstead Bank,
Sewer Bonds.
4s '03 M-S $11,000c_Sept 1 '18-'28
HEMPSTEAD UN.FR. S. D. NO.8. 450'14 May 25,515__May 1 '19-'44
430'15 J-J $35.000.. __Jan 1 '25-'42 4.558'15_ __
28.000
1918-1945
BOND. DEBT Aug 1915_ _ $50,500
Improvement Bonds.
Assessed val., real
1,127,200 4Xs'03 M-N$15,000c..NoY 1 '18-'27
Special franchise
36,500
Refunding Bonds.
Total assess. val. 1916..
1,163,700 58 '13 F-A $243,500__Aug 1 '18-'43
School tax _(per $1,000) '16.. __$15.30
Bridge Bonds.
INT.at First Nat. Bank,Freeport. 4.60s130ct $62,500_$2,500 yearly
In New York exchange.
BOND. DEBT Oct 30 '15.. $194,098
Assessed val. '15. real est 4,475.928
HEMPSTEAD UNION FREE SCR. Total assessed val. 1915_4,772,869
DIST. NO. 9. P. 0. Freeport. Tax rate (per $1,000) 1915._$10.00
$8,000o Jan 1 '19-22
4s '02 J-J
4s'07 J-J
28,625r_ Jan 1'19-'34 HERKIMER UNION FREE SCR.
DIST. NO. 1.
4.10s '09J-J 43.000r_ Jan 1 '20-'54
450'13 J-J
70,000__Jan 1 '29-'46 4s '07 J-J $25,000o_July 1 '18-'42
J-J
4,000__July 1 '18-21
450'13 J-J
12.000__Jan 1 '24-'29 4s
J-J
7.000r_ .July 1 '18-24
4 Xs'16 J-J
12,000__Jan 1 '19-'21 58
85.000
1918-1946
BOND.DEBT Apr 10'17-$180,325 4.30s'12J-J
Assess. val. real
5,876,722 450'13 J-J 8.000c_July 1 '19-'25
Assess. val. personal
7,000 450'15 A-0 8,000c__July 1 '18-'25
$137,000
Special franchise
124,520 BOND. DEBT 1917
Total assess. val. 1916_ __ _6,008,242 Assess. val. '16, real est_ __4,461.122
School tax (per $1,000) 1911L_$11.50 Total val. '16(X actual) _ _4.821.481
INT. at First Nat. Bank and at School tax (per $1,000) 1916. _$13.05
INT. on 45 payable at Nat. Bank
the Freeport Bank, Freeport.
of Newport; on 5s and 4.305 at Herkimer Nat. Bank.
HEMPSTEAD UN. S. D. NO. 10.
P. 0. is Baldwin.
HERKIMER COUNTY.
32,000r__Apr 1 '22-'23
L
Herkimer Is the county seat.
5s '16 A-0 36,000r_Apr 1 '24-'31
Highway-Improvement Bonds.
2,000r___Apr 1 1932 45 '08 A-0$156,000o....Apr 1 '19-31
BOND.DEB Apr 10 1918 $60,000 4s '09 A-0 60,0000. _Apr 1 '32-'36
Assess. val. real
1,857,433 4s '11 A-0 84,000o ._Apr 1 '19-'25
Assess. val. personal
3,150 450'15 A-0 102,000_312.000 Y'IY
Special franchise
48,130
Apr 1 '26-'34
Total assess. val. 1916_ .. _ _1,908,713 450'151VI-N 330,000....May 1 '20-'41
School tax rate (per $1,000)'16314.10
Building-lmpt. Bonds.
INT. at Bank of Rockville Center. 58 '17 J-J $15,000 __July 1 '20-22
Hospital Bonds.
HEMPSTEAD (TOWN) UNION 59 '17 A-0 $25,000_ _Apr 1 '19-'43
FREE S. D. NO. 14. P. 0. BOND. DEBT Apr 11 '18....$772,000
,
Woodmere.
Assessed valuation, real_ _39.510,834
450'17 F-A3144,000__Nov 1 '19-'37 Assessed val. personal_ _ _ _
617,070
TOTAL DEBT
(?)
Total valuation 1917
40,157,901
Assess. val. real
3,148,030 Popula'n 1910, 56,356; 1915, 64,109
Assess. val. personal
72,950
INTEREST is payable at the HerSpecial franchise
52,354 kimer Nat. Bank in N. Y funds.
Total assess. val. 1918..__ _3,273,334
School tax rate (per $1,000) '16 $7.20 HILTON.
INT. payable at Bank of Lawrence,
This village Is in Monroe County.
Lawrence.
Incorporated in 1885.
BOND. DEBT Nov 15 1916355,300
HEMPSTEAD UNION FREE SCR. Floating debt
2,000
Total assess. val. 1916
DIST. NO. 15.
551,380
Tax rate (per $1,000) 1916.---$12.89
Building Bonds.
$11,220r
1930 Population in 1915
817
5s
55 '10 M-N118,600r_IVIay 1 '19-34
450'12 M-N120,000r_Sept 1 '18-'41 HOLLEY.
BOND. DEBT Apr 9 1918 $259,260
This village is in Orleans County.
18,589,212 Inc. 1867. Pop'n 1915, 1.780.
Assess. val. real
Assess. val. personal_ _ _ _ _ f
Electric-Light Bonds.
Aug $8,000
School tax (per $1,000) '17_ _ _.$15.20 4s
1920-1921
Population in 1917 (est.)
7,000 58'15 May 3,000r_Aug 1 '18-'20
Paving Bonds.
INT. on first issue payable at the
Riverhoad Say. Bank , on others at 450'14 M-N $5,600__Aug 1 '18-'23
Sewer Bonds.
U. S. Mtge. & Tr. Co., N. Y.
5s
Aug $56,600__Aug 1 '18-'37
_ _1923-1943
__ 55,000c
HEMPSTEAD UNION FREE SCH. 5s
BOND.
'18-DEBT Mar 1 '16___$61,600
DISTRICT NO. 17.
Assessed
valuation
1915_984,942
'19-'48
$29,000r_Apr
10
450'12 A-0
TOT. DEBT May 8' 18_ _ $29,000 Tax rate (per $1,000) 1915_ _315.94
INT. at State Exch. Bk., Holley.
Assess. val. real
1.057,638
100
Assess. val. personal
1,053,638 HONEOYE FALLS.
Total assess. val. 1918
This village is in Monroe County.
School tax (per $1,000) 1918__ $7.00
1,000 Incorporated in 1838.
Population in 1918 (est.)
BOND. DEBT May 6'18--$40,500
Water debt (Included)
37,500
HEMPSTEAD UNION FREE SCR. Assess. val, real estate
739,585
DIST. NO. 20.
Assess. val. personal
30,300
'4.20s 10 J-J $30,000r_ _Jan 1 '19-48 Other assessable property..
23,187
J-J
4,500c_July 1 '18-'27 Total val.'17(70%
53
_ _793,072
8.500r_Dec 31 '18-'34 Total tax rate (per 31.000)'17
J-J
4s
$11.50
act.)_BOND. DEBT Apr 20 '18_ $43,000 Pop'n 1915, 1,258; 1917 (est.), 1,300
2,144,393
Assess. val. real
8,250 HOOSICH FALLS.
Assess. val. personal
Special franchise
36,687 This village is in Rensselaer County.
Total assess. val. 1917.._ _ _2,308,022 Inc. Apr. 14 1827. Po'n '15. 5.406.
School tax (per $1,000) 1017_$12.00
Public-Building Bonds.
6,000 3.80s M-N$13,715
Population 1917 (est.)
Nov 1 1930
Grading and Paying Bonds.
INT. payable at L. I. City Bank,
Rockville Centre Bank, Oswego 4.158 g'08JulY $35.816.49r JIy1'18-32
Water-Works Bonds.
Bank and Greenburg Bank.
4.30s'07 J-J $48,600r_ _July 1 '18-'26
HEMPSTEAD UNION FREE SCR. GEN. BD. DT. May 8'17.._$67,715
Water debt (included)
54.000
DIST. NO. 21.
38,236
$3.600c ____1919-1920 Assessment debt (add 1)
4s '91__J-J
_ __1,709,062
2,000c _1918-1920 Assess. val., real
4s '95__J-J
act.) 2,144,337
estate2,000c ____1921-1924 Total val. 1916(907
4s '05 J-J
4.60s'08 J-J 30,000c &r_ _1921 -1935 Tax rate (per $1,000) 1916_ _ _$13.74
INT. payable at Hoosick Falls.
40,000-_Jan 1 '19-'25
450'15 J-J

F.




TOTAL DEBT May 6 '18_ 3142,500
HORNELL.
This city is in Steuben County. Assess. val., real estate_ _ _ _4,358.146
Name formerly Hornellsville, but Asses. val., personal
$76,091
changed by Chap. 288. Laws of 1906. Total assess. val., 1917_ _4,434
6:30
297
1
School tax (per $1,000) '17 _ .$14.20
Inc. 1888.
430'16 M-N315,000r_ __May 1 1919 Population in 1917 (est.)
7.500
3s' 16 M-N 30,000r_May 1 '20-'21
INT. payable at First Nat. Bank
of Huntington. N. Y.. in N. Y. exch.
Bridge Bonds.
58 '14 J-J f$12,000c July 15 '18-23
--1 3000c__July 15 1924 ILION.
This village is In Herkimer County.
Park Refunding Bonds.
430'13 J-J $35.500r _-_-1918-1931 Inc. Apr. 11865. Pop'n 1915,8,900.
Fire Station Bonds.
Paving Bonds.
43/0'11 A-0 327,0000
59 '13 J-J $129,800__July 1 '18-'42
5s
___ 48,718.35 --1918-1945
Water Bonds.
350
F-A $175,000o_Aug 1 1921
Water Bonds.
350
F-A 14,625c_Feb 1 '19-'21 4s
$3
80
5:0
000
0_ _$3,000 ly921 2
y
450'11 0 42,850c-Apr 1 '19-'24 4s
Sewer Bonds.
450'15 M-N 78,100r_May 1 '19-'44
48
M-N $80,000o_May 26 '19-26
Fire Truck Bonds.
Paving Bonds.
$2,000
1918-1919
59 '13 ___ $4,375r _Oct 1 '18-'24 6sSchool-Bonds.
5s'13 ___
6,000r.Oct 1 '19-'21 4s1918-1927
_-_ $15.000
430
___ 46.400
Grade-Crossing Bonds.
1918-1946
430'11 A-0 $34.000c..Apr 1 '21&'31 430
___ 92,000.... _$3,000 Y'lY
BOND.DEBT Apr '18 _
$281,850
Sewer Bonds.
Water debt (included)
241,000 430
$17,700__ _Jan 1 '20-'35
Sinking funds'General
16,000 4.60s'15__ 30,000.. _Jan
_Jan 1 '35-'45
(Water..
30,000 450
30,000
1920-1937
Assess. val. real
6,936,350
Electric-Light Bonds.
Assess val. personal
248.500 330
___ $13,000_ _$1,000 yearly
Other assessable property
218,000 3 34s
___
16,000_ _$1.000 yearly
Total val. '17 (80% act.)_7,719,100 BOND. DEBT Juno 1916_$485,155
City tax (per $1.000)
._$16.26 Water debt (Included)
217,000
$32.11
Total tax rate (per $1,000)
Assess. val.'16
'17
1917_5,208,329
Pop'n '15, 14,352; '17 (est.), 15,000 Real value (est.)________12,000,000
INT. on water bonds at Chamber- Village tax (per 31.000) 1916-313.20
lain's office; park bonds at Amer.
INT. at Ilion Nat. Bank in Ilion.
Exch. Nat. Bk., N. Y.; park refunding bonds at Nat. Bank of Commerce. IRONDE
N. Y.. or Chamberlain's office; sewer
This town is in Monroe County.
bonds at Hanover Nat. Bank, N. Y.; GEN.BD. DT. May 1 '17_ $17,000
paving bonds also in New York.
Water dist. debt (add'i)____ 37,250
Assess, val, real estate_ _ _ _5,052,270
HORNELLSVILLE SCH. DIST. Assess. val. personal
31,000
NO. 7.
Other assessable property.._187,840
This district (P. 0. Hornell) is in Total assess. val. 1916_ _ _5,271,110
Stouben County.
Population in 1915
4,603
BOND. DEBT April 1918.. 330,000
Ass'd val.'17 (real&pers'1)_7,814,010 IRVFNGTON.
School tax (per $1,000) '17_ _ $10.62
This village is In Westchester Co.
Inc. 1872. Population 1915, 2,388.
HORSEHEADS.
Main Sta. Bonds.
This village is in Chenaung()minty. 43is '15 F-A $28,000_Aug 1 '20-'33
Incorp. In 1837. Pop'n 1915, 1,949.
Water Bonds.
BOND. DEBT May 1918---$33,350 4s '07 A-0 $10,000o
1922
Water debt (incl.)
26,350 4s '09 J-J
5,0000
1922
Assess. val. real
670,600 4
A-0 24,000r
1930
AssPss. val. personal
3,900 350.99A-0 35,200c
1928
Assess, val. franchise
45,798 4 Xs'16 A-0 12,000__-Oct 1 '19-'30
Total valuation 1917
720,298
Town-Hall Bonds.
--4s '00 J-J
$24,000o
1929
HUDSON.
Paving Bonds.
This city (lncorp. in 1785) Is the 4'10s'17 A-0 $136,000c Mar 1 '20-'36
county seat of Columbia County.
Sewer Bonds.
Storage Dam Sc Bldg. Bonds.
4.103'17 A-0 $8,000c_Apr 1 '22-'29
43s'14 F-A $14,500r_Aug 1 '25-'27 TOT. BD. DT. May 1918_ $282,002
Water debt (included)____
Cemetery Bonds.
86,200
M-N $4,000c_May 1 '19-'20 Assess. val. 1917
4s
6,799,145
Water Bonds.
Village tax (per $1,000) 1917_37.37
4s '04 July $91,700r_July 1 '18-'22
INT. at Irvington Nat. Bank
As '05 July 50,000r_ _July 1 '23-24
9.000r
43,0'15 F-A
1929 ISLIP.
Recreation Ground Bonds.
This town (P. 0. Islip) is in Suf450'17 J-D $4,000_ _ _Juno 1 1926
folk County.
Street-Improvement Bonds.
Dock Bonds.
Feb $10,000o_ _Feb 1'19-'23
4s
J-J
$2,000
1918
1,1-S 18,000o_ _Mch 1 '19-'27 4s
4s
*Sewer District Bonds.
4 Xs'll M-N 25,000r_ May 1 '21-25
450'13 J-D 27.800r __1925,1930 4%s'16 M-NS28,500__yrly for 20 yrs
GEN. BD. DT. May 6'18
$2,000
450'15 F-A 26.100r
1926-1928 Sewer
Dist. bonds (add'i)_
28,500
Refunding Loan.
val., real estate__21,227,492
21,227,492
4s '09 A-0 $5,000o__Apr 1 1919 Assess,
884,2013
5,000r......Feb 1 1920 Assess. val., personal..___
4s '10 F-A
1,000r_Feb 18 '19-'19 Other assess. property.._.. 768,175
4s '10 F-A
Total assess. val. 1917_22,879,867
4s '10 A-0 5,000r_ Apr 1 1921 Tax
rate (per $1,000)
$10.02
School Bonds.
350
M-S $8,000r_Sept 1 '18-'21 Population in 1915 (census) _ _17,568
*
Sewer
Dist. bonds will be paid
330
A-0
1,000r _ _Apr 1 '19-'20
for
by
district and not town as a
450'13 A-0 75.000r_ _ 1925-1932
The town simply guarantees
450'15 F-A 1i0,000r
1925 whole.
5.000r
1926 payment.
INT. Is payable in Sayville.
430'15 A-0 I 6,000r
1927
6.700r.
1928
BOND.DEBT Apr 25'17-$451.100 ISLIP (TOWN) UNION FREE
SCH. DIST. NO. 1 (P. O. Bay
Water debt (incl.)
169,000
Shore).
Sinking funds
40,400
Assess val. real
4,980,265 BOND. DEBT April 1 '17.. $35,000
Assess val. personal
439,492 Sinking fund
7,000
Other assessable prop
175,574 Assess. val.'Real estate__ _5,507,394
Total assess. val. 1916 (abt.
1916_Total5,679,109
2-3 actual)
__ -5.595,331 School tax (per 31.000) 1916.... _$5.20
Total tax (per 81.000) 1916_$34.80 -1Popula'n 1910, 11,417: 1915, 11.544 ITHACA.
This city Is in Tompkins County.
INT. at office of City Treasurer.
Incorporated 1888.
Bridge Bonds.
HUDSON FALLS.
J-J $16.000____1919 to1926
This village, formerly Sandy Hill, 4s
Refunding Water Bonds,
is in Washington Co. Inc. in 1810
4.30s J-J $698,000r___July 1 1927
Sewer Bonds.
F-A $32,500_ _Aug 1 '18-'30 (Opt.$30,000 to $50,000 ann.'13-27)
350
.14 $162,000r_July 1 1912
351s
F-A 11.938.16Aug 1 '18-'30 454s
Water Bonds.
Paving Bonds.
J-J $50,000r___Jan 1 1944
45.1s
F-A $33,000._ _Aug 1 '18-'32 48
75,000r___Jan 1 1946
F-A 22,061.40Aug 1 '18-'32 4s '06 J-J
3.8s
60,000r _ _Jan 1 1047
GEN. BD. DT. Apr 30 '18 399,503 4s '07 J-J
31,000o &r_Jan 1 1928
A-ssessment debt (add'i)_ _ _
6,701 450'08 J-J
Assess. val. '17f Real est_2,134,555 (Subject to call begin. Jan 1 1913.)
J-J $14,000r __Jan 1 1928
(56 to 2-3 act.)'Total_ __ _2,255,195 49
Tax rate (per $1,000) 1917..__$21.40 (Subject to call beginning Jan. 1 '13.)
10,000r.... _ _Jan 1102
Population in 1915
5.585 48 '09 J-J
INT. at U. S. Mtg. & Tr Co., N.Y. (Subj. to call beginning July 11913.)
4s '12 J-J
50,000r_-_July 1 1927
Sewer Bonds.
HUNTINGTON.
4s g
J-J $60,000c&r. _1918-1925
This town is In Suffolk County.
Funding Bonds.
Sewer-System Bonds.
4s '06 J-J $25,000c_July 1 '18-'22
5s '15 J-J $98.000__July 1 '20-'44
School Bonds.
z Highway Bonds.
330
J-J $35,000r
1929
5s '18 J-J 1317,000...Jan 2 '25-41
Creek and Drainage Bonds.
1
500
Jan 1942 4s '07 F-Al100,000r_Aug 1 '22-'41
Park bonds outstanding.._
$6,250 BOND. DEBT Jan 1191831,386.000
Highway bonds outstand'g
8,000 Water debt Oncluded)___1,150,000
Sidewalk bonds outstand'g
820 Sinking fund (water)
201,276
BOND DEBT Oct 1916. 110,000 Assess, val. real
14,715,010
Assessed valuation 1916-14,192,070 Assess. val. personal
388,200
Population 1915
15.244 Other assessable property _
987,147
z INT. Is payable at office of Tot. val. 1918(X act.) _ _ _16,090,847
Town Supervisors; on others at Bank Total tax (per $1,000) 1917--$27.16
of Huntington in N. Y. exchange.
Pop'n 1915, 16,750;'18 (est.), 17,500
INTEREST on the $10,000 water
HUNTINGTON UNION FREE
4s due 1927 and the Is due Aug. 1
SOH. DIST. NO. 3.
1922-1941 at the Ithaca Savings
This district Is In Suffolk County. Bank; on other water bonds at
4 Ks'08 J-D $86.500r_Dec 1 '18-'39 Union Trust Co. and Columbia.
6s 13 M-N 56,000r_ May 1 '19-'38 Trust Co., New York.

QUOIT.

q8.11

a UNE, 1918.1
JAMESTOWN.
This city is in Chautauqua County.
Inc. Mch.31 1886. Pop.1915,37.780
Bridge Bonds.
430'10 J-J $50,000r-July 1 1930
City-Hall Bonds.
46 '95 M-N $65,000r_May 15 1925
6s '18 F-A 10,000rDec 1 '18-'19
Park Bonds.
4s '08 J-D $20,000r-Deo 30 1933
Paving Loans.
4s '09 A-0 $10,579.46r-Oct 1 1919
7,319.60r_J'ne 30 '20
450'10 J-D
430'12 A-0 6,500r _Oct 1'18-'22
4.40'12 J-J 15,000r _July 1 '18-'22
5s '13 J4
6,400 -.July 1'18-'23
53 '13 M-8 2.700 __Sept 1'18-'23
6,815.49___Dec 1918
45 '09 J-J
4s '09 J-D 10,079.14_ __Dec 1919
7,319.60June 20 1918
430'10 J-D
4.403.12J-D 15.000_ -.July '18-'22
9,100____July '18-'24
4.45s'14J-J
650_Mar '18-'25
430'15 M-S
9,600_July '18-'25
53 '15 J-J
4s '16 M-N 8,000____Nov '18-'26
Sewer Bonds.
330'93 M-S $50,000r___Mch 1 1923
43 '93 J-D 111,000o&r_Deo 1 1923
4s '97 M-N 50,000____May 1 1942
4s '98 J-J 20,000_ _Mar 15 1928
33is'00 J-J 20,000r___July 1 1920
4s '01 J-D 25,000r__..June 1 1921
45 '02 J-D 20,000r__ _June 1 1922
4s '08 J-D 42,000r__Deo 30 1928
430'15 M-N 17,500____Mar '19-'25
Refunding Elec. Light Bonds.
4s '03 J-D $16,300r-Dec 1 '18-'23
4s '01 J-D 13,000r_June 1 '19-'31
32.000__Dec 1 '18233
4.60sJ-D
Hospital Bonds.
430'10 J-J $50,000r_ _ _Jan 1 1930
430'11 M-S 32.000..Sept 1'18-'41
12,000__Apr 1 '19-'22
4.30s
Grade Cross'g Elimination Bds.
4%s'16 ann 826,962.98-Feb 1 1921
440'17 ann 25,733.55_Feb 1 1921
Water Bonds.
4s '03 A-01$300,000r_Mch 20 1943
1 75,0000._Moh31 '19-'23
4348'13 M-N112,500c_May-1 '19-'33
Refunding Paving Bonds.
48 '05 A-0 $1,000r_ _Oct 1 1916
Paving Certificate -Fund.
ann $1,500r _ _ _at any time
5s
5s '09 ann 1,151.53r_ Dec 30 1918
5s '09 ann 3,002.40r.Oct 1 '18-19
5s '09 ann 2,630.74rDec30'18-' 19
5s '10 ann 1,481.26r Dec30'18-'19
55 '10 ann 2,931r_Oot 31 '18-'20
4.4012 J-J 18.000r__July 1 '18-22
43012 A-0 4,500r _-Oct 1 '18-22
9,800_July 1 '18-'23
53 '13 J-J
5s '13 M-S 14,400-Sept 1 '18-'23
11,900- _July '18-'24
4.45s'14J-J
430'15 M-S 10,278____Mar '18-'25
July 1925
5s '15 JAI 26,080
May 1926
4.20s16M-N 35,200
4.609'17F-A 16,452_ __ _Part yearly
Fire-Department Bonds.
430'11 M-S $24,000r_Sept 1 '18-'41
BOND.DEBTfFor water $510,000
Mar. 1 191810th.purp. 858,640
137,600
Floating debt
est_21,794,720
$i
Assess. val. '17{Real
(68% act.)_.. Total_ _ _ _22,992,740
Total tax (per ,000) 1917_ --$33.64
/NT. on water bonds payable at
U.S. Mtg. & Tr. Co., N. Y.; on other
coupon bonds at Chase Nat. Bank,
N. Y.; on registered bonds at Jamestown or in New York exchange.

NEW YORK-CITIES AND TOWNS.
Sewer Bonds.
3.858 • M-S $25,600r __Sept '18-'34
4.85s'13J-D 12,000r__June '19-'30
BOND. DEBT April 1918- $154,300
Water debt (included)--- 45,200
Assess. val. '16 freal estate.2,400,000
(3-5 of act)__1total
2.550.000
Total tax (per $1,000) 1917___$37.00
INT. at Workers' Trust Co. (successors to the First Nat. Bank),
Johnson City,

Water Bonds.
33is'96 A-0$453,6000_Apr 1 '19-'36
43 '97 F-A 119,4150_Feb 1 '19237
Refunding Bonds.
4s14 M-8 $12.000__Msx 26 1919
4 s'15 M-S 120,000c_Mat 26'20-21
111.500c__Mar 26 1922
4 •is'18 A-0 $9,500_ ___Apr 1 1934
Board of Education Bonds.
430'13 A-0 $25,000r___Apr 1 1919
430'13 J-J 180,000r_Apr 1 '19-'25
430'15 J-D 114,500____June 1 1926
115,500____June 1 1928
1918-1922
4s '17 ___ 30,000
BOND.DEBT Apr 1 191831,047,500
Note debt
50,112
Water debt (included)
606,000
Assess. val. real 1917__ ._14,597,760
Assess. val. personal
220,400
Franchise
991,837
Total valuatim ______
15,809,997
Total tax (per $1,000) 1917--$33.43
INT. on refunding bonds of 1918
payable at County Treasurer's office;
on grade crossing bonds at Ulster Co.
Say. Inst., Kingston.

63
Sewer Bonds.
314s'99 F-A $12,000r_Aug 1 '18-'29
314s'02 M-N 8,000r_May 1 '19-'26
00'13 M-S 6,500__Mar 1 '19-'31
4.90814J-J
600___Jan 1 '19-'24
4.908'14J4
3.200___Jan 1 '19-'34
H ighway-Improvement Bonds.
43 '91 J-D $10,000r_Dec 1 '18-21
43 '96 A-0
7,000r_Apr 1 '19-'25
33001 M-N 12,100r_May 1 '19-'31
48 '06 J-J 32,500r_July 1 '18-'30
430'12 A-0 46,000r_Apr 1 '19-'41
Sidewalk Bonds.
430'11 M-S $23,000r_Sept 1 '18-40
Street-Improvement Bonds.
4.303 M-S $22,500r_Sept 1 '18-'32
be '15 J-D 16.000_Dec 1 '19-'34
Fire-Department Bonds.
4518'12 Oct $3,000-Oct 1 '18-'23
5s '14 --5,500- _Apr '19-'29
4.358'15J-D
7,500.D-ec 15 '20-'34
5.000_ _June 1 '20-'29
bs '15 JD
BOND. DEBT Dec 31 '16- $260,300
Assessed valuation, real___5,841,465
Assessed val'n, personal__ _ 204,700
Special franchise
251,154
Total val. '16 (act. val.) 6.279.319
Tax rate (per $1.000) 1916_$13.90
INT.at Bank of Metropolis, N.Y.

JOHNSTOWN.
This city is in Fulton Co. Inc.
1895. Population 1915, 10,687.
Funding Bonds.
ba '15 J-D 328,000c3cr June 1 '19-'25
RR. Refunding Bonds.
4s '07 J-D 1$2,000c_June 1 '19-'22
1 4,500c___June 1 1923
Water Bonds.
4s '95 J-D $25,000c-Dec 1919e23
4s '98 A-0 2,5000„Oct 1 '18218
48 '00 A-0 2,000o_Apr 17 '19-'21
4s
8,000__Apr 7 '19-'25
58 '17 M-S 100,000. Sept 1 '18-'37
Street-Improvement Bonds.
bs '14 J-J 37,000_July 15 '18-18
10,000___July 15 1919 LACKAWANNA.
5s '14 J-D
2,000c&rDec 1 '18-'18
This city is in Erie County.
Paving Bonds.
LA SALLE.
Bonds.
$2,200r__ _Jan 15 1919 5sSewer___
This village is in Niagara County.
$157,500
53 '17 J-J
2,100r___Jan 15 1920
lncorp.
1897.
Bridge
Improvement
Bonds.
1,000r- _Jan 15 1921 430
Fire-Hall Bonds.
_-- $23,100__June 1 '19-'30
Sewer Bonds.
___ $2,500
-s
Road-Improvement
Bonds.
bs '11 M-S 327,000__Sept 1 '18-'26 be '11 J-D $79.600r_June 1 '19-'36
Paving Bonds.
1 20,000__Sept 1 '27-'31
'13 .14 $4,800-Jan 1 '19-'42
5s'13 __- 16.000__Dec 1 '18-'33 43012 J-D 47,730r..Dec 1 '18238 5s Water
Bonds.
1938
5s '16 J-J
7,000r_Jan 1 '19-'25 430'13 -_- 60,000
-1918-1941
4.708'12M-N 363.000
School Bonds.
City-Hall and Jail Bonds.
DEBT May 1918_
_-$70,500
48 '98 June $10,000r June 15 '19-'22 414512 J-D 349,500r_June 1 '19-27 BOND.
Ass'd
val.,
real
est.,
1918_
_2,343,732
TOTAL
DEBT May 14'174437,500 Tax rate per $1,000) 1918-.48.10
40'09 M-S 45.000c_Mar 1 '19-'29
44s'10 M-N 12,000r_Aug 1 '18-'29 Assessment debt (add'1)____
9.409
BOND. DEBT Apr '18_ $322,300 Assess. val.'17(63% act.)10,561,830 Pop'n 1915, 2,402; 1917 (est.), 4,000
Water debt (included)...,.. $59,000 City tax rate (per $1,000)'17.$12.23 LAWRENCE.
I
Sinking fund (water)
15,661 Population in 1915
15.737
This village is in Nassau County.
Assessed valuation, real
3,544,205
INT. at Lackawanna Nat. Bank Inc. 1897. Population 1915. 1,870.
Assessed val'n, personal__ _ 343,800
Grading and Paving Bonds.
Spec franc & bank stock
1,159,632
4.15s'10J4 $41,170 __Jan 1 '19-'37
Tot ass'd val '16(3-5 act)..5.047,637 LACKAWANNA UNION FREE
52
'13 J-J 33,000r-July 1 '19-'29
Property owned by city_ _ _ 800,000
SOH. DIST. NO. 6.
4.80812J-J 72,000r_July 1 '18-'41
Formerly a school district of West 4.60g'15J-J
Tax rate (per $1.000) 1915_.-339.00
f 2,500r__Jan 1 '19-'23
INT. on building lot bonds at Seneca; see remarks under that town.
1•40,000r__Jan 1 '24-'43
Johnstown Bank; on school bonds of 4s '00 J-J $2,000c___Jan 1 1920
Street Bonds.
3J
430'04
4,000c---Jan 1 1921 58 '17 F-A $16,000r_Aug 1 '18-'33
1909 at First Nat. Bank. N. Y
53 '05 J-J
1,000c-.,,Jan 1 1920
Bridge Bonds.
58 '06 M-S 60,200c___Sept 1 1931 4.80s13J-D
KENMORE.
$6,500r_June 1 '19-'31
This village is in Erie County. Inc. 59 '10 M-S 3.315.98c Sept 1 1920
Road Bonds.
BOND. DEBT May 7 '18
70,515
1899. Population 1915, 1,700.
127.200_ Last bond 1929
Assess.
val.
1918
9,000.000 BOND. DEBT May 1914- $197.200
Improvement Bonds.
430'06 J-D $22,320r_Deo 1 '18-'35 School tax (per $1.000)'17___$6.84 Total value '13(40% act.)-4,252,990
Population in 1914 (est.)
17,000 Village tax (per $1,000) 1913.-18.00
Fire Bonds.
_s '16 s-a
83,000
1921-1926
INT. on 45 at State Comptroller's
at U.S. Mtg.& Tr.Oo.. N.Y.
Street Bonds.
office; on 43e at West Side Say. Int.
4.65C07J-J $23,070_ _July 1 '18-'37 Bank, N. Y.; all others at Lackawan- LE ROY.
5s g 07 M-S 22,440r_Sept 1 '18-'37 na Nat, Bank,
Tnis village is in Genesee County.
666__Mar 1 '19-'21
5s '16 M-S
Incorp. 1834. Pop'n 1915, 4,084.
Water Bonds.
Municipal Bonds.
LAKE PLACID.
58 g '07 M-S $4,000r_Sept 1
_ $12,000
1918-19 3
This village is in Essex County. 5s
4.70kel0J-J
2,278c__Jan•1 19-'24
Water_-Bonds.
9,000_July 1 '18-'26 /no. 1900. Population 1915, 1,977; 4.40'15
5s '02 J-J
F-A1 $3,000_Aug 1 '18-'20
650
_8 '16 s-a
1918-1919 1917 (est.), 2,200.
1 '21-'45
Water Bonds1430
$71,400 4.403 __ 1100,000-Aug
Real Estate Purchase Bonds.
40,000_Nov 10 '18-'37
15s
19,000
bs '03 A-0 $1,500___Oct 1 '18-'23
15,000c..De: 1 '20-'34
4.60s'11J-J
2,850_ _Jan 1 '19-'21 Refunding 58
36,704 4.35s'15J-b
DEBT May 1 1918 $170,000
Sewer 430
22,067 BOND.
Funding Bonds.
Water debt (included)
158.000
5s
4.65s13J-D $23.000__Dec 1 '18-'40
6,800 Assessed
val. real estate-2,350.262
28,200 Total
5s '17 M-N 23,529r
1922-1944 Electric-Light1430
assessed
value
1917-2.428,412
158
Sewer Bonds.
11,400 Tax rate (per $1,000) 1917---$12.50
430'11 M-S $6,800__Sept 1 '18-'25 Electric light refunding 5s_
16,454
430'15 J-J 20,000r_July 1 '20-'39 Sundry refunding 58
18,842 LE ROY UNION FREE SCHOOL
'16 s-a
3,600
2,500
1919-1024 Fire House 55
DIST.NO. 1.
58 '17 M-N 9,000r
5,320
1922-1939 Park 434s- ,
This district is in Genesee County
Sidewalk 5s
Storm-Water-Sewer Bonds.
16,200 434s'09
Jan $76.000r__Jan 1 '19-'43
430'16 J-D $17,000r_Dec 1 '21-'40 Paving 5s
DEBT Apr 8 1918_ 176,000
Street Improvement 5s____
Lighting Bonds.
JAMESTOWN UN.FR.SCH.DIST.
1.500 BOND.
val'n, real estate__ 131,528
Assessed
__1918-1922
BOND.
4.70s
'10J4
$25,000r
$1,800r_ _Jan 1 '19-'24
J-J
DEBT Apr 28 '17- $326,587 Assessed valuation.
4s
personal 18,788
J-D
2,500-Dec 1 '18-'22 Assessed val., real estate__2,178,100 Total
5s '07 J-J 105,000r_Nov 1 '23-'36
1917
150,316
430'11 J-D 100,000r_ Deo 1 1918-27 53 07 M-S 2,000__Sept 1 '18-'37 Total val. 1916 (2-3 act.)__2,184,982 Schoolvaluation
tax
(per
1917-..$10.75
$1,000)
5,000.,.Juno 1 '19-'26 Total tax rate(per $1,000)'16-$12.95 Population in 1914 (est.)
5s '13M-N 90,000r__Nov 1 '18-'26 4.40s'14J-D
5.000
18-'29 TOT. BD. DT. Oct 1917_4219,494
430'14 M-N 60,000r_Nov
INT. at Bank of Lake Placid.
INTEREST payable at Importers'
1 '18-'23 Sinking fund
(30,000r.July
DEB1
.
55 '16 J-J
6,069
& Traders Nat. Bank, New York.
4,000r--July 1 1924 Ass'd val. '17 (60% act.)...2,703,59O
BOND.
Apr 8'18 $424,000 Tax rate (per $1,000) '17
$12.38 LAKEWOOD.
This village is in Chautauqua Co. LESTERSHIRE-See Johnson City.
INT. payable at Treas. office.
Assess. val., real estate___21,956,020
Incorporatee in 1893.
342,600
Assess. val. personal____
LEWIS COUNTY.
855,420 KENMORE UNION FREE SCH.
Other assess, property..__
Water-Works Bonds.
Lowville is the County seat.
DIST. NO. 1.
School tax (per $1,000)'17-18 $12.61
4s '06 M-S $21,600_Mar 1 '18-'35
This district (P. 0. Station 11, BOND. DEBT Mar 1 '15 $37,000
Highway Bonds.
40,000
Population in 1914 (est.)
___ $9,741.16Feb 1 '19 '33
Assessed valuation
775,430 _s
INT,on all bonds paid direct to Kenmore) is in Erie County.
7,823.14Feb 1 '19 '31
___
School Bonds.
Tax rate (per $1,000) 1913-.310.00 -s
holders of same.
_s
'14
__- 38,000_Feb 10 '19 '37
430
J-D $33,000_ ---$2,750 y'ly Population in 1915
702
_s '15 ___ 22,000_Feb 10 '19-'40
430
A-0 46,000 $2,300 y'ly beJEFFERSON COUNTY.
1918
___560
59
ginning 1921
Watertown is the county seat.
1919-1928
BOND.DEBT Apr 12 1918 $79,000 LANCASTER.
Highway Bonds.
This village is in Erie County. Inc. BOND.DEL10.000
Nov 1 1918 $92,381
43 '07 F-A $35,000r__Feb 1 '19-'25 Assessed val. 1917_ _ _-__-2,569,211 1847. Population 1915, 5,094.
Ass'd yarn, real estate___11,760,424
4s '09 Feb 55,000r_Feb 1 '19-29 Tax rate (per $1,000) 1917,.._$15.56
Paving Bonds.
Assessed val'n, personal__
350,980
INT. on bonds of $33,000 issue 4.408'11A-0
430'16 A-0 70,000r_Mar 1 '19-'32
$12,052.32 Apr 1 '19-'21 Tot.ass'd val.'17(84%act)12,111,404
payable at Buffalo; remainder at 430'11
Refunding Bonds.
M-S 11,944__Sept 1 '18-'21 Population in 1915
/Kenmore.
25,947
5s '18 M-S {$80.000.,,Mar 1 '19-34
4.40s'12F-A 10.250-Aug 1 '18-'22
1120,000__Mar 1 '35-'40
55 '13 M-N 6.000-__May 1 1923 LEWISTON (Town).
KENWOOD(TOWN) UNION S.D.
Jail Bonds.
Sewer Bonds.
This town Is in Niagara County.
This district (P.0. Kenwood) is in 4.40s A-0 $150,000o_Apr 1 '20-'49
4s '09 F-A $45.000r_ _Feb 1 '19-'27
$70,110___Apr 1 '19-'37
430.87
Madison County.
Hospital Bonds.
Water Bonds.
Water fiends.
4s '11 F-A $15,000r_Feb 1 '26-28 58 '17 J-D $19,000__Dec 1 '19-'37 3348 g F-A 316,000o&r Aug 1 '18-'25
Dec
$5.000r
58
430'16 A-0 25,000r_Mar 1 '29-'33 TOTAL DEBT
BOND. DEBT Apr 13'17_ $199,300 (Due $1,000 yearly
(7)
from 5 to 9 years
BOND. DEBT Apr 6 '18_ $445,000
Water debt (additional)_..- 18,000
from
date.)
Assessed valuation, real__47,971,509 KINGSBURY(TOWN) UN.
Assessed val., real estate..2;804,015 BOND. DEBT Dec 1916__ $77,500
FREE
Assessed val'n, personal__ 2,292,245
Total assess. val. '16(abt.
SCHOOL DISTRICT NO. 1.
Assessed valuation 1916...1;988,648
Other assessable property_ 3,412,898
65% actual).
2,923,965 Tax rate (per 11,000) 1910_ -$15.49
district (P. 0. Hudson Falls)
Tot. val.'16(80 to 85%act)53,676,652 Is This
Tax rate (per $1,000) 1916-417.08 Population
Washington
County.
in
1910.3,283: 1915. 3.276
Total tax rate(per $1,000)'16_110.20
INT.
at
A.
B.
Leach
it
Co..
N.Y.
-School
Bonds,
High
Popula'n 1910, 80,382; 1915, 81,009 430'17
M-N130,000c_Nov
(Village).
1
LEWISTON
'24-'49
INT. at office of County Treas. 43,0'17 M-N 15,000c_Nov 1
This village is in Niagara County.
'19-'23 LANSINGBURG UNION FREE
SCHOOL DIST. NO. 1.
Building Bonds.
Incorporated in 1822.
JOHNSON CITY.
4s '97 Oct $8,000r.$1,000 yearly
While this district is now included
Water Bonds.
This village is in Broome County. 4_30'11 M-N 19,000r
within the boundaries of the City of 4148'16 J-D $31,250__Dec 31 '19-'44
Inc. as village of Lestershire in 1892. ,.Due $1,000 yearly until 1926, then Troy, the district organization re- BOND.DEBT May 6 1918 $31,250
Name changed to Johnson City
mains a separate corporation within Sinking fund (water)
500
$,2 000 yearly thereafter.)
March 29 1916. Pop'n 1915, 5,400. BOND. DEBT May 1 1917 $175,000 that city and the city authorities Assessed val'n, real estate_ 870,425
Paving Bonds.
Assessed valuation, real__ _2,038,527 have no jurisdiction in the matters Assessed val'n, personal__
99,750
4.353'11 A-0 $18,000o -__ _1918-1935 Assessed val'n, personal___
Other assessable property_ 89,441
33,000 of the school district.
7,500r__ _June 1 1919 Total val. '16 (60% act.)..2,071,527 45
4.40s J-D
J-D $28,000c_Dec 1 '18-'31 Tot.ass d val.'18(1-3 act.).1,059,616
s-a
13,000r_Apr 1 '19-'27
58
INT. payable in Hudson Falls,
454g'08 A-0 11,000r-Apr 1 '19-29 Tax rate (per $1,000) 1918__420.00
115,000
58 '18
1919-1933
2,395
434g'10 M-N85,000 --May1'25-'41 Population in 1915
-Works Bonds.
Water
-KINGSTON.
TOTAL DEBT Dec5'16.- $128,000
s'07 M-N $4,500r_.May 1 '19-'27
This city is the county seat of Assess. val. '16 freal estate.7,155,506 LIBERTY (Town).
3.40s M-N 5,600o.-..May '19-'25 Ulster Co. Inc. 1872. Pop. 1918
This town is in Sullivan County.
(85% of act.)1total
8,055,591
3.358 M-N 4,000o__ _Nov '19-'26 (est.), 27,000.
School tax (per $1,000) 1916-$9.19 Inc. Mch. 13 1807. Pop. 1915. 6.339.
J-D
7,300o_June 1 '19-'23
58
Grade-Crossing Bonds.
Refunding Railroad Bonds.
4.55s'13 J-D 15,000c_.$1,000 in 5 430'15 J-J $18.000-July 1 '18-'23 LARCHMONT.
48 '99 s-an $67,000o. _ _15,000 y'ly
yrs. StS500 each 6 mos. thereafter)
(36,000 in odd years.)
This village is in Westchester Co. BOND. DEBT April 1918- $67,000
7,000r_Aug 1 '18-'24
5s '14 F-A
Street Bonds.
Inc. 1891. Population 1915. 2.060. Assessed valuation 1916...1.183,080
Municipal-Building Bonds.
48 '09 M-S.$45,000c_Mch 1 '19-23
INTEREST payable at Sullivan
Municipal Site Bonds.
3.358 J-J $4,5000___July '18-'26 43(6'11 11-S 70,000o-Mch 1 '23-'29 430'16 J-J 21,000c-July 1 '21-41 County National Bank, Liberty.




64
LIBERTY (Village).
This village is in Sullivan County.
Incorporated in 1870.
BOND. DEBT May 15'17_$37,125
13,000
Water debt (add'!)
Sinking fund (water)
2,000
Assess. val., real estate
923,925
Assess. val., personal
105,250
Other assessable property_
22,965
Tot. val. '17 (abt.1-3act.)_1,052,140
Tax rate (per $1,000)'17
$20.00
Population in 1915
2,395
LIBERTY UNION FREE SCHOOL
DIST. NO. 1.
This district is in Sullivan County.
430'11 Nov$149000„Nov 1 '18-'31
TOTAL DEBT bee 11 '16...352,500
Assessed valuation 1916_ _ _ _591.223
School tax (per $1,000) 1916-$25.30
INT.at Sullivan Co. Bank,Liberty
LITTLE FALLS.
This city is in Herkimer County.
Inc. May 8 1895. Pop. 1915, 13.022.
City-Hall Bonds.
$14,000__June 1 '19-'25
430'15 J-Di 25,000__June 1 '26-'35
30,000__June 1 '36-'45
5s '18 J-D 25,000-__June 1 1926
Water Bonds.
33Ss'00 J-J $10,000r.._May
_May 1 1920
4s '06 J-J 65,000r_July 1 21-'27
4.38'08 June 50,000r_ _ _June 1 1928
(Subject to call after 1918.)
4348'16 M-N 20,000
(Subject to call after July 1 1919.)
rOptional 25 years after date.]
Refunding Water Bonds.
4.85s'17J-J $60,000_ - __Part yearly
Refunding B,onds.
4.80s17A-0 $40 000___Oct 10 1919
School Bondi.
330'98 July $33,800r_July 1 '18-'35
430'14 July 12,000__July 1 '18-'29
00'16 Aug 21,000r-Aug 1 '18-'41
Paving Bonds.
5s '09 Sept $2,000r_Sept 1 '18-'18
..s '15 July 1,488.71July 27'18-19
430'15 M-N 50,006
1919-1938
BOND. DEBT May 9'17_$682,000
Water debt (incl.)
482,000
Total val. '17 (707 act.)_7,849.610
Tax rate (per $1,0001) 1917._ _ _$19.81
/NT. payable at City Treas. office.

NEW YORK-CITIES AND TOWNS.
LOWVILLE.
This village is in Lewis County.
Incorporated in 1854.
Water Bonds.
_s
$41,500_
May 1 1925
Paving Bonds.
_s
$10,000
1928
TOTAL DEBT Mar 1 1918-$51,500
Pop'n 1910, 2,940; 1915, 3,244.
LYONS.
This village is in Wayne County.
Incorp. 1831. Pop'n 1915, 4,742.
Water Bonds.
53 '14 ___ $39,500___Jan 1 '19-'26
4.80s'15Jan 24,000r__Jan 1 '19-'42
1926-1943
43s'15 ann 72,000
4s '17 Jan 1 4,000.._ Jan 1 1940
111,000_ _Jan 1 '41-'42
Sewer Certificates.
4.10s'16M-S 9,225____Sept 1 1918
Sewer Bonds.
4.60s'15ann$87,500$3,500y1y.beg.'19
BONDED DEBT!Water _ $150,500
Oth.purp. 87,500
Certificate debt (a d'1)
9,225
Assessed valuation, real__ _2,354,240
Assessed val'n, personal__ _
76,600
Special franchise
76,290
Total ass'd val '17 (abt.
60% actual)
2,525,130
Tax rate (per $1,000) 1917_318.74
INT. payable at the Nat. City
Bank, New York.
MADISON COUNTY.
County seat is Wampsville.
County-Building Bonds.
48 g '09 J-J $135.000r_Jan 1 '19-'31
434s g'14Feb 60,000r-Feb 15'19-'29
BOND. DEBT Apr 22'18 $195,000
Ass'd val'n, real estate.....22,514,196
Assessed val'n, personal__ 849,085
Other assessable property 728,982
Total assessed val n 1917_24,092,261
Pop'n 1910, 39,289; 1915, 41,742
INT. payable at the Oneida Say.
Bank, Oneida.
MALONE.
This village is in Franklin County.
Inc. 1853. Population 1915. 7,404.
Street Bonds.
430'16 J'ne $30,700__June 1 '19-'42
430'16 Juno 42,000__Juno 1 '19-'46
Water-Works Refunding Bonds
4.30g'10M-N$192,000c.May 15'19-'66
BOND.DEBT)Water__ $192,000
May 6 1918 10th.purp__ 72,700
Assessed val'n, real estate_2,538,800
Assessed val'n, personal__- 98,800
Other assessable property__ 109,433
Tot.ass'd val.'17(60% act.)2,747,033
Tax rate (per $1,000) 1917-$15.55
INT. on eater bonds payable at
Guaranty Trust Co., N. Y.; on other
bonds at People's Nat. Bk., Malone.

LITTLE VALLEY.
This village is in Cattaraugus Co.
Incorporated in 1876.
Street-Paving Bonds.
5s '17 F-A 312,600__Aug 1 '20-'37
BOND.DEBT Feb 28 1918. $40,160
Assessed valuation, real____ 421,060
Assessed valuation, personal 42,132
Other assessable property__ 22,962
Total valuation 1917
486,154
Tax rate (per $1,000) 1917___$15.13 MALONE SCHOOL DISTRICT.
Population in 1917 (est.)
1,400 430'11 J-J $41,500c_Jan 1 '19-'39
TOTAL DEBT Apr 10 '18.. $41,500
Assess. val.'16 (real estate)2,400,285
LIVINGSTON COUNTY.
Assessed val'n, personal__ 81,850
Geneseo is the county seat.
Other assessable property__ 123,616
Road Bonds
Total val. '17 (3-5 act.)___2.605,751
4.20s'16 Mar $23,000_Mar 19 '1-'20 Tax rate (per $1,000) '17___-$12.00
1921 1922 Population in 1917 (est.)
_-- 25,000
4Xs
8,000
Highway Improvement Bonds.
INT. payable at Williamsburgh
53
-_- $36,000
1923-1925
BOND.DEBT Apr 1 1918 $84,000 Say. Bank, Brooklyn, N. Y.
Total assessed van:14,1917-30,446,075 MAMARONECK (TOWN).
Population in 1915
38,427
Sidewalk Bonds.
58 '13 M-S $9,000__Sept 1 '19-'27
4,000__Sept 1 '19-'22
5s '14 ___
LOCKPORT.
Road Bonds.
This city is in Niagara County.
$3,000__May 1 '19-'21
Inc. Apr. 11 1865. Pop.'15, 18.749. 5s '07
7,000- _Sept 1 '19-'25
5s '10 ___
Park Bonds.
53
$100____Jan 1 1919 430'11 __ 13,000__Sept 1 '18-'30
430'12 __- 26,000__July 1 '18-'30
School Bonds.
5s '13 M-S 10,000...Sept 1 '23-'32
430'14 Jan $70,000r_Jan 2 '19-'26
Assessment Map Bonds.
4318'16 --- 25,000r__Jan 2 '19-'23 5s '14 __- $7,000__Nov 1 '18-'24
43 '17 Mar 13,500r_Jan 2 '19-'27 BOND. DEBT Dec 31 '17 $82,000
Street-Improvement Bonds.
Assessed valuation, real.._14,779,060
5s '12 --- $12,800__Dec 1 '18-'22 Assessed val'n, personal.._
161,200
bs '15 --6,780.--Jan 2'19-'25 Other asSessable property._ 721,052
5s '12 Dec 11,200__Dec 1 '18-'34 Tot.ass'd val.'18(797act?15,661,312
53 '13 Aug 39.080__Dec 1 '18-'37 Total tax rate(per$1,000) 18$6.44+
5s
2,000__Jan 1 '19-'24 Population 1910, 5,602; 1915, 7,830
58
400__Feb 1 '19-'20
INT. payable at the Larchmont
Deficiency Bonds.
Nat. Bank, La.rchmont, and the
58 '15 Jan $12.000r_Jan 2 '19-'20 First Nat. Bank, Mamaroneck.
Fire Apparatus Bonds.
56 '17 Jan
$900-- Jan 2 '19-'21
MAMARONECK (VILLAGE).
Bridge-Repair Bonds.
This village is in Westchester Co.
56
$200___Nov 2 1918
Inc.
Nov. 16 1895. Pop. 1915, 7,290
Water Bonds.
& Bridge Bonds.
4s '06 J-D $313,500c_Dec 1 '18-'36 4s RoadJ-D
___1918-1927
Ea '07 J-D 38,000r_Dec 1 '18-'36 3.35s J-J $5,000r
2,000r ___1918-1919
4.30s'08J-D 25,000r_Dec 1 '18-'36 4.6s '08 J-D
4,000r_June 1 '19-26
5s '15 Jan 11,200r__Jan 2 '19-'25 4s '09 A-0 7,000r_Apr
1 '19-'32
Hospital Bonds.
J-D
8,000.._June 1 '19-'26
434s'17 ann $10,000__Oct 23 '18-'27 4.60s
4.60s J-D 14,000r _Jima 1 '19-'32
Voting Machine Bonds.
Bridge Bonds.
53 '18 J-J $15,500r-Jan 2 '19-'28 4.40s'121
0-A 35,500r_Aug 1 '18-28
Local Improvement Bonds.
Bonds.
53 '18 ___ $30,780.50r1'art yearly 48SewerM-N$32,000r_Nov
1 '18-'33
BOND.DEBT Apr 10 1918 $842,645
3Xs
J-J 34,000r_July 1 '18-34
Water bonds (included)__ 376.000 4s
'06 J-J
18,000r_July 1 '18-'35
Local assess. bonds (incl.) 188,455
Ass'd val., real estate,'17..11,619,540 4.60s'07M-S 76,000r_Sept 1 '18-'36
22,400e_Oct 1 '18-'31
Assessed val'n, personal.._
26,540 4.558'12A-0
4.40s'12F-A 19,000r_Aug 1 '18-'36
Other assessable property.. 641,262 3Xs
J-D
34,000r_
Dec 1 '18-34
Tot.val.'17(abt.80%act.).12,287,342
Total tax rate (per $1,000)'17-$29.47 4.70s17J-D 12,000_J'ne 15 '22-'33
Fire-Department Bonds.
INT. on $330.500 water 4% bonds 4.30s'09A-0 $3,000r Oct 1 '18-'23
at U. S. Mtge. & Trust Co., N. Y.; 4.40s'17M-N 8,850_May 15 '22-'26
on other issues at City Treasury,
4.408'12F-A 11,500r_Aug 1 '18-'40
5s '13 J-J
8,000r_Jan 15'19-'34
430'16 M-N 6,000r_May 1 '21-'26
LONG BEACH.
4318'16 M-N 4.000r_May 1 '21-'24
This village is in Nassau Count7. 4.40s17M-N 8,850-May 1 '22-'26
Incorp. 1913. Pop'n 1915, 622.
Paving Bonds.
Municipal Building Bonds.
4.35s'07M-N $16,200r_May 1 '19-'36
430'16 ann $45,000„Sept 1 '21-'45 4.35s'07M N 30,000r ____1922 1936
Street Imipt. Bonds.
4.6s '08 J-D 27,930r_June 1 '19-37
$7.000__Apr 1 '19-'25 4.60s J-D 10,000r_June 1 '19-'28
4.808'15A-0 40,000__Apr 1 '26-'30 4.40s' 12F-A 14.000r_Aug 1 '18-'31
150,000__Apr 1 '31-'45 5s '13 M-S 33,795r Sept 25 '19-'45
58 '14 Oct 12,500____Oct 1 1924 BOND. DEBT May 2 '17..$485,245
BOND.DEBT May 6 1918 $254,500 Assessment debt (addl)_-_- 19,606
Assessed valulReal estate_5,032,900 Floating debt
25,000
ation 1917_ Total____5,071,240 Sinking funds (approx.)
9,400
Tax rate (per 1,000) 1917-413.80 Assess. val. real estate..___7,525,005




[VOL. 106.

Total assess. val. '16 (abt.
Light Refunding Bonds.
77% actual)
8,134,899 43.016 F A $9,500_ _Aug 1 '18 '36
Tax rate (per $1,000) 1916$16.92
Power and Light Bonds.
s-a
INT. by check to registered holder. 4Us
$8,000r$1,000 yearly
Water Refunding Bonds.
4.60s s-a $13.000r....-$600 yearly
MAMARONECK UNION FREE
Water-Extension Bonds.
SCHOOL DIST. NO. 1.
45
s-a
$240r.._ $80 yearly
This district is in the town of BOND. DEBT May 1 '18-$30,080
Mamaroneck. Westchester County. Sinking fund
2,000
4.8 '16 M-N$22,000__Nov 1 '20-'30 Assessed val'n, real estate......527,890
School-House Bonds.
Assessed valuation, personal_ 18,500
4.93'07 M-N $24,600r_May 1 '19-'30 Other assessable property......193,705
Larchatont School Bonds.
Tot. ass'd val. '18 (60% act.)730,095
330 '00T-D $5,000r_ Dec 31 '18-'19 Tax rate (per $1,000) 1918-$7.00
Mamaroneck Ave. School& Site. Population in 1915
1,201
430 '08 M-N 50,000_ May 1 '20-'39
4%s'08 M-N 1,960__May 1 '19-'19 MECHANICVILLE.
High-School-Addition Bonds.
This city is in Saratoga County.
430'08 NUS $41,250r_M & S '18-'34 Inc. as village 1859; as city June 29
BOND. DEBT May 1 '18 $144,810 1915. Population 1915, 8,208.
Assessed val'n, real estate.13,380,320
Refunding Bonds.
Assessed val'n, personal__
172,700 4Us'15 Oct 336,000c_Oct 1 '18-'35
Other assessable property.. 712,932
Village Hall and Jail.
Ass'd val.'17 (3-5 actual)_14,265,952 53 '14 Nov $2,400__Nov 2 '18-'20
School tax (per $1,000) 1917_35.61+
Village-Hall Bonds.
INT. payable to "holder" in New 53 '14 Sept $22,000
1919-1938
York exchange.
xStreet-Paving Bonds.
Outstanding Oct 1916
$99,279
MANCHESTER.
Water Bonds.
This village is in Ontario County. 45
M-N$44,000c_May 1 '19-'22
4s
M-N 17,0000......Nov 1 1922
Incorp. 1892. Pop'n 1915. 1,115.
3 Us
F-A 22,00()r__ _July 1 1933
Water-Works Bonds.
4.80'15 J-D $31.000r_June 1 '19-'45 430'09 July 4,000r_July 1 '18-'21
BOND.DEBT(Water
Water Refunding Bonds.
$31,000
Apr. 6 191810ther purp.. 3,000 43.4s'12 ___ $12,000
1927
Assessed val'n, real estate.. 715,846 BOND.DEBT Apr 10'17.-32841,37
29
7
Assessed val'n, personal
13,450 Water debt (included) ___ 109,000
Other assessable property.... 11,504 Assess. val. 1916(60% act.)2,929,390
Total assessed val'n 1917
740,800 Tax rate (per $1,000) 1916_$19.50
xINT. at Treasurer's office.
Tax rate (per $1,000) 1917_313.23
INT. payable at Treasurer's office.
MECHANICVILLE SCH. DIST.
4s g '91 Nov $3,500c
1920
MANCHESTER UNION FREE
45 g '98 J-D 18,850c -.1920-1938
SCH. DIST. NO.?.
4s g '06 J-D
8,000r ____1918-1925
Building Bonds.
43ig'13 J-D 134,000c&r_1918-1945
4.65s M-N$34,666.66
434g'15 J-D
6,000r __ _ _1918-1923
(Due $1.333.34 yearly)
DEBT May 6 1918 $165,350
BOND.DEBT May 7 1918 $34,667 TOTAL
Ass'd val. '17 (60% act.)_4,376,171
Assessed val'n, real estate_1,477,295 School
tax
$1,000) 1917.-314.70
Assessed val'n, personal__
265 Population(per
in 1917 (est.)
8,500
Other assessable property.._
418
INT.
on
4s
'91
at Mechanicville:
Tot.ass'd val.'17(83% act.)1,477,295
430 in N. Y. exchange; on others at
Merchants' Ex. Nat. Bank, N. Y.
MANCHESTER UNION FREE
SCH. DIST. NO. 8.
BOND. DEBT Oct 1914 -$35,000 MEDINA. This village is in Orleans County.
Assessed valuation 1914 ____383,000
Tax rate (per $1,000) 1914....$16.80 Inc. Mch. 3 1832. Pop. 1915, 6,079;
1917 (estimated), 6,500.
Village-Hall Bonds.
MANHEIM.
•
This town is In Herkimer County. 4.15s'08 Aug $18,000r_July 15 '18-'26
Water Bonds.
Highway Bonds.
430
___ $14.000
1918-1924 3.75s July 359,259.20rafay 9'19-'34
Sewer Bonds.
430
_ 18,000
1918-1926
BOND.DEBT Apr 8 1918.. $32,000 5s '07 July 36,000r_July 15'19-'23
DEBT May 01918 $83,259
Assessed valuation 1917..-2,357,886 BOND.
debt (included)
59,259
Population 1915
3,885 Water
Water sinking fund
20,399
Assess. val. real, 1917(70%
MARCELLUS.
actual)
4,936,142
This village Is in Onondaga Co.
Village tax (per $1,000) 1917_36.09
Incorporated in 1846.
INT. at Union Bank in Medina.
Water Bonds.
4.20s'09A-0 320,000r...31,000 y'rly
4.20s'09F-A
5,880r...._ $280 y'rly MEXICO.
BONDED DEBT May 1 '17 $27,160
This village is in Oswego County.
Assessed val., real estate____442,750 Incorporated in 1851.
Total val. '16 (2-3 act.)
521,918 BD.DT.(water) Mar 1 '18-.350,000
VII. tax rate (per $1,000) 1916..311.00 Assess. val. real estate
482,800
Population in 1915
991 Assess. val. personal
34,050
Tot. assess.val. '17 (2-3 act.) 529,923
Assess val. franchises
13,073
MARION.
Village tax rate (per $1,000)'17$18.70
This town is in Wayne County.
Population
in
1915
1,474
Water Bonds.
53 '13 A-0 $30,000r_Oct 1 '18232
BOND. DEBT May 10 '18 $30,000 MIDDLEPORT.
This village is in Niagara County.
Total assess. val. '17 (75%
actual)
1.396,284 Inc. 1859. Pop'n 1915, 1.247.
Sewer Bonds.
Tax rate (per $1,000) 1917..---$8.85
4.35s'12J-D $40,350.._June 1 '19-'39
Pop'n 1910, 2.102; 1915. 2,435.
Water Bonds.
INT.at office of Myron W.Green, 4.35s'12J-D
$42,100__June 1 '19-'40
Rochester.
TOTAL DEI3T Oct 4 1915- $101,000
Water debt (included)._ 47,000
MARLBORO.
Assess. val.,
estate____1,238,803
This village is in Ulster County. Total assess.real
value 1915.....1,319,733
Incorporated 1906.
Tax rate (per 31,000) 1915_311.00
Water Bonds.
430'12 A-0 $29,760r__Oct 1 '18-'41
VIRM•111111121
BOND. DEBT April 1915_831,000 MIDDLETOWN.
This city is in Orange Co. Inc.
Assessed val., real est. '14_181,148
Population In 1915
795 June 9 1888. Pop'n, 1915, 16,381.
Street-Improvement Bonds.
430
M-S $38,000r__Moh 1 '19-'37
MASSENA (TOWN).
School Bonds.
This town is in St. Lawrence Co.
430'12 J-J $17,000r___July 1 1922
Bridge Bonds.
City-Hall Bonds (Opt. aft. 1915).
43is'10
$24,0000..Feb 1 '19-'30
430'12 --- 24,000c_Feb 1 '19-'33 430'10 s-a $70,000c_July 1 1930
Refunding Bonds.
53 '18 F-A 75,000c_Feb 1 '19-'43
M-S $12,000r___May 1 1931
330
Highway Bonds.
Refunding Water Bonds.
430'15 Aug $3,500__Aug 1 '18-'21
$40,000____Aug 1 1931
430
Town-Hall Bonds.
4s '04 Mch $6,000c_Mar 1 '19-'24 4Yis'13 F-A 22,000r___Feb 1 1933
Water Bonds.
43 '05 Mch 3.500c_Mar 1 '19-'25
F-A$1.00,000r___July 1 1921
BOND. DEBT May 1918- $61.000 330
F-A 90,000r_Apr 1 1931
Assess. val.'17(X act.)_4,917,814 330
F-A 27,0000_Feb 2 1923
Tax rate (per $1,000) 1914..-$7.305 330
M-N 75,000o.... May 1 1930
Population 1910. 4.806; 1915, 7.090 4s
BOND. DEBT May 1917.. $573,000
INTEREST at Supervisor's office. Water debt (ineltided)____
434,000
Assessment debt (addl) _
2,400
MASSENA (VILLAGE).
Floating debt
81,291
This village is in St. Lawrence Co. Sinking fund (water)
175,017
Incorporated in 1886.
sinking funds
31,283
BOND.DEBT April 1915- $78,033 Other
Assess. val.'17Real estate
Assessed val., real estate__1,103,058 (42% act.) Spec.franch.8,327,297
187,672
Total assessed val'n, 1914_1.222,098 Total tax (per 1,000) 1917-$34.20
Tax rate (per $1,000) 1914-311.60 INTEREST is paid at city treasury.
Population in 1915
4,614
MASSENA (TOWN)UNION FREE
SCHOOL DIST. No. 1.
School Bonds.
4s '09 --- $9,000..-($1,000 YIY.)
4Xs'17131,200c&r
1946
BOND.DEBT Apr! 19A8 $140,200
Assessed val., real estate- 3,869,526
Assessed val., personal.- 1.14,600
Total assessed valuation
3,984,126
1917(60% act.)
Tax rate (per $1,000) 1917-- _310.70
Population (est.) 1917
10,000

MINDEN UN. FR, S. D. NO. 14,
P.0. Fort Plain, Montgomery Co.
$6,000r_Nov 1 '18-'20
12,500r_Nov 1 '21-'25
53 '15 M-N 15,000r_Nov 1 '26-'30
28,000r_Nov 1 '31-'37
4,500r___Nov 1 1938
9,000r_Nov 1 '18-'35
58 '15 M.
TOTAL DEBTrApr 6 1918 $75,000
ASSOSS. val. real estate.....-1,418,320
Assess. val. personal
85,050
Tot.ass'd.val.'18(60%act.) 1,603,370
School tax (per $1,000) 1917..$11.90
Population in 1918 (est.)
MAYVILLE.3,000
This village is in Chautauqua Co. INT. at Fort Plain Nat. Bank in
New York exchange.
Incorporated July 1867.

JUNE, 1918.j
MINiOLA.
This village is in Nassau County.
Incorporated in 1906.
BOND. DEBT April 1918- $43,900
36,400
Water debt (included)__
Assess. val, real estate,.. __1,260,415
100,700
Assess. val. personal
46,856
Other assessable property_
1,407,971
Total assess. val. 1917
Tax rate (per $1,000) 1917_415.00
3,200
Population in 1917 (est.)

NEW YORK-CITIES AND TOWNS.
*School Building Bonds.
5s '16 ___ $76,800r_Dec 1 '18-'41
BOND. DEBT Apr 10 '18_ $76,800
Assess. val. real
1,017,717
Assess, val. personal
184,500
Total assess. val. 1917
9,202,217
Tax rate (per $1,000) 1917_.$2.00
* INT. at Citizens' Nat. Bank,
Port Henry.
MORTAR UNION FREE SCHOOL
DIST. NO. 1.
This district is in Essex County.
Building Bonds.
5s '16 Oct $5O.000_ _Oct 1 '21-'45
BOND. DEBT May 1917_ $50,000
Total assess. val. 1916___2,092,903
4,000
Population in 1916 (est.)
INT. at Citizens' Nat. Bank, Port
Henry, N. Y.

MINOA UNION FREE SCHOOL
DIST. NO. 2.
This district (P. 0. Mani!lus) is
In Onondaga County.
Building Bonds.
58
Nov $33,000r$1,000 yly Nov
BOND. DEBT Oct 31 '16_434,000
$536,839
Assess. val, real estate
3,900 MT.KISCO.
Assess, val. personal
540.739
Total assess. val. 1916
This village is in Westchester Co.
$15.72 Inc. 1874. Population 1915. 2,902.
Tax rate (per $1,000) '16
Fire-Alarm Bonds.
INT. payable at Trust & Deposit
$2,500r___July 1 1922
5s '13 J-.1
Co. of Onondaga, Syracuse.
Water Bonds.
_1918-1934
510,200r
3.85s'05J-D
MOHAWK.
___1918-1927
This village Is in Herkimer County. 3.60s'98A-0 10,000r
500r ____1918-1919
Inc. 1844. Population 1915. 2.577. 3.60s'99A-0
1918
500r
5s '12 F-A
Fire-Alarm-System Bonds.
12.000r ____1920-1931
1918-1924 430'15 J-J
4.90'14 ___ 51,400
8,500___July 12 1937
43%s'17 F-A
Water & Sower Ext. Bonds.
3,500_ _July 1 '21-27
1918-1943 448'17 F-A
___ $13,000
5s
1,500__July 1 '21-'26
448'17 F-A
Paving Bonds.
Road Bonds.
1918-1926
___ $9,000
4.358
_Nov 1 '18-'33
$8,000r
43%s'09
55 '17 F-A 21,000_ _ __Aug 1 1939
8.783 _ _ July 1 '18-'22
4.358'12J-J
Refunding Water Bonds.
1 '18-'25
4,200__July
12J-J
.
4.708
yearly
$26,500r41,500
A-0
44_8
4 s'13 F-A 10,000.._Feb 1 '19-'28
Sewer Bonds.
3.45s J-D $26.600r41,400 yearly 43{s'14 J-D 17,850r_Junel5 '19-43
School Bonds.
Water & Light Improvement.
1941
565.000
3.90s A-0 $8.500r_ $500 yearly 4 As'12
Street Impt. Bonds.
Refunding Elec.-Light Bonds.
25
'18-'38
$42,000r_Apr
4.458'10J-.1
4s '07 F-A $1,5000_ _ $500 yearly
6,000..__ _12-yr serial 448'16 July 2,650r_July 1 '18-22
4s
___
1918-1933
7,200
___
BOND. DEBT May 1917_594,200 448
2,222.00 1918-1921
___
Assessed valuation 1915_1,200,000 4.35s
1918-1932
7,500
Tax rate (per 51.000) 1915_414.00 4.358 ___
Sewer Bonds.
INTEREST on water and light 4 4s'09 .M-S $48,300r_Mch 1 '19-'39
bonds payable in Mohawk; on imp. 4 As'09
1918-1933
J-D 16,000
bonds at Southold Say. Bank.
1918-1932
4%8'13 F-A 14,050
12,672r_July 1 '19-'42
58 '13 J-J
MONROE COUNTY.
430'14 M-S 26,640r_Sept 1 '19-'42
County seat is Rochester.
449'16 July $13,000r_July 1 '18-'43
Bridge Bonds.
2,000r_July 1 '18-'25
450'15 F-A$250,000__Feb 1 '21-'30 430'15 J-J
3,000r_July 1 '26-'29
434s'17 F-A 75,000r_ Fob 1 '27-'41
10,000r_July 1 '30-34
Court-House Bonds.
14,000„July 1 '20-'47
54s'18 J-J
F-A3100,000r_ _ Feb 1 '19-'20 BOND. DEBT Oct 7'16 -$361,258
3 tiq
TOTAL DEBT May 6'18 $425,000 Water debt (included)
36,150
343,281,436 Assess. value 1916,real est_2.858.525
Assess. val. 1917
Tax rate (per 41,000) 1917_44.85 Total assessed valuation..__2,951.337
Pop'n 1910, 283.212; 1915. 319,310 Tax rate (per $1,000) 1916-$23.90
INTEREST and principal payable
INT. payable at Mt. Kisco.
at Amer. Exch. Nat. Bk., N. Y.City.
MOUNT MORRIS.
This village is in Livingtson Co.
Inc. 1835. Pop'n '15, 3.884.
Water Bonds.
448'15 M-S 563,000r Mar 1 '19-'40
(See V. 100, p. 921, for maturity.)
4.158 --- $38.000r __Sept '18-'37
4.408
46,000c_Apr 1 '19-'41
MONROE UNION FREE SCHOOL 4.05316.....23,000r_Sept 1 '18-40
4.
NO.
DIST.
Sewer Bonds.
$45,000 4.603'15M-8 550,000c_Mar 1 '19-'40
BONDED DEBT
944.000 (See V. 100, p. 921, for maturity.)
Assessed valuation 1914
TOT. BD. DT. Apr 10'18_4223,000
MONTGOMERY.
Assess. val. real
1.053.650
This village is in Orange County. Tot.assess.val.'17(2-3act.)_1,121,587
Incorp. in 1810; pop'n 1915, 957.
Tax rate (per $1,000) 1917--.421.78
BOND.DEBT Feb 28'15_ -$30,500
1,447 MOUNT PLEASANT.
Temporary. debt
337,373
Assess val real
This town is in Westchester Co.
3,000
Assess. val. personal
Assessment Map Bonds.
340,373 58$12,000__Aug 1 '19-'24
Total val. 1914
Road -Bonds.
4.60s
___ $151,000_Aug 1 '18-39
MONTGOMERY COUNTY.
430
___ 50.000__Aug 1 '30-'39
Fonda is the county seat.
4s
Jail Bonds.
6.000.47Augl '17-23
43%s'13 M-8535,000......Aug 1 '18-'23 4.05s 16A-0 30,000_0ct 1 '19-33
Refunding Bonds.
500____Oct 1 1934
1919 BOND. DEBT Oct 1916- $270,000
4s'13 M-S 110,000r
Assess. val. 1916
Tuberculosis Hospital Bonds.
14,925,553
1923-1924 Pop'n 1910, 11,863; 1915, 12.976
4 's '13 M-8 $20,000
Highway Bonds.
1919-1925 MT. PLEASANT
4s '04St'05 528,000
SCHOOL DIST
1919-1922
NO. 1.
8,000
55 '08 ___
1919-1923
4s '09 ___ 15,000
This district (P. 0. Tarrytown) is
1919-1926 In Westchester County.
4qs'10 ___
16,000
1919-1926
4 s'11 ___ 32,000
School Bldg. St Equip. Bonds.
1920-1922 4s J-J 416,000r42,000 y'ly July 1
4 s'13 ___ 30,000
1922-1923 4s F-A a4,000r_ __ _Aug 1 '25-'26
' -__
BOND. DEBT May 1 '18 $208,000 5s F-A
6,000r..$1,000 y'ly Aug 1
33,951.745 Ss J-J
Assess. val. real
2,500r_$850 y'rly Jan 2
503,681 BOND. DEBT Aug 1 '16_428,550
Assess. val. personal
Total value 1917(A act.) 34,455.426 Assess. val.f Real estate_ _3,155,882
3,155,882
Pop'n 1910. 57,567; 1915, 61.030
1916_-1Total
3,208,382
INT. at Amsterdam Say. Bank (Assessment abt. 70% act. value.)
5,000
and Farmers' Nat. Bk., Amsterdam Population in 1916 (est.)
INT. on bonds marked (x) at
Westchester Say. Bank, Tarrytown;
MONTICELLO.
This village is in Sullivan County. (a) People's Say. Bank, Yonkers;
Inc. 1330. Population 1915, 2.132. (§) Chenango Valley Say. Bank,
$20,000 Binghamton; (t) J. L. Woeso, SyraWater bonds (5s)
Sewer bonds (4)'s)
41,000 cuse.
11,000
Highway bonds (5s)
BOND. DEBT Nov 29 '16_377,000 MT. PLEASANT UNION FREE
Assess. val.'16 (i, act.).... _700,762
SCHOOL DISTRICT NO.9.
Village tax rate(p. 51,000)'16_319.00
This district Is in Westchester Co.
INT. at Nat. Un. Bic.,Monticello. 430'09 J-J $60,000r_Jan 1 '19-'48
Oct
3,600r__Oct 1 '18-24
4s
30,000__Jan 1 '26-'55
5s '14 J-J
MONTOUR FALLS.
58 '14 M-S 4.600__Mar 1 '24-28
This village is in Schuyler County. BOND. DEBT Apr 9'18_ $98,800
Incorp. in 1836; pop'n 1915, 1,281.
Assess. val.'17
act.)-2.863,8i7
BOND. DEBT Mar 1 '15_427,500 School tax (per $1.000) 1917-$12.16
Assess. val. real
520,670 Population in 1917 (est.)
3.000
Assess. val. personal
18,380
INTEREST at Mt. Pleasant Bank
Total valuation 1914
539,050 of Pleasantville in N. Y. exchange.
MONROE UNION FREE SCHOOL
DIST. NO. 1.
BOND.DEBT Mar 1 1918_436,000
Assessed valuation 1917-18__944,697
Tax rate (per $1,000) 1917___$13.76
1,700
Population 1917 (est.)

(6%

onN
VERNON.
t.vrn
m.
AlT
in Westchester Co.
The city received Its charter on
Mar. 22 1892. Pop'n '15, 37,583.
Bridge Bonds.
5s '00 M-S $30,000...Sept 1 '21-'23
4s '06 M-N 20,000_ ..May 1 1926
Water Tax Relief -Bonds.
MORTAR (TOWN) UNION FREE 430'15- 310,000_-__Mar 1 1919
Highway Bonds.
SCHOOL DISTRICT NO. 5.
This district (P. 0. Port Henry) is 41 '93 M-8 $90,000..Sept 1 '18-'26
48 '95 F-A 100,000__Feb 1 '27-'36
In Essex County.
MORAVIA.
This village is in Cayuga County.
Incorp. in 1837; pop'n 1915, 1,393.
BOND. DEBT Mar 1 '15_550.000
Assess. val. real
592.885
Assess. val. personal
263,173
Total valuation 1914
856,058




65

4$ '90 BT-S $30,000__Sept 1 '37-'39 58 g '07 M-N250,009e_Nov 1 '22-'27
4s '97 M-N 40.000.. Nov 1 '40-'43 44g'11 F-A 46.000r_Fab 1 '27-'31
50,000_ _July 1 '44-'48 434g'12 A-0 208,090r_Apr 1 '19231
48119.00J-J
4s '01 111-N 35,000_ _May 1 '49-'52 44g'13F-A 125,000r_ Aug 1 '19-'23
48 '04 A-0 15,000__Oct 1 '53-'55 4.708'13F-A j125,000r_Aug 1 '24-'28
1250,000r_Aug 1 '29-'33
4s '05 - 20.000__June 1 '34-'37
25,000c_July 1 '46-'50 58 g '15 J-D 450,000r_Dee 1 '18-'20
4As'10 J-J
430'08 J-D 40,000c_June 1 '38-'45 58 g '16 J-J 150.000r___July 1 1918
Refunding Bonds.
4%s'11 A-0 115,000o_Apr 1 '32-'43
_ _May 1 1951 430'17 M-S $130.000r_Sept 1 1921
434s'12 111-N 25,000_ _May
4As'12 J-D 15,000....Dec 1 1951 4 Asg'17M-S 573,000_ _Sept 1 '22-'28
418'13 1P-A 25,000____Feb 1 1952 (See V. 105, p. 734, for maturity.)
15,000_ _July 1 1952 BOND.DEBT Apr 10'18 $3,093,000
4 s'13 J-J
4 s'14 F-A 30.000____Aug 1 1934 County's proportion Q'ns
county debt Apr 1918__ $143,123
4Ms'15 F-A 20,000r.._Aug 1 1953
Assessed valuation, real_132.960,641
Highway Repaving Bonds.
_ _Oct 1 1929 Assessed val., personal_ __ 3,790.600
434s'09 A-0 $25,000_ _Oct
2,790,003
44s'10 A-0 25,000c_ Oct 1 1930 Franchises
2,170,720
430'11 A-0 25,000___ _Oct 1 1931 Bank stock
430'11 M-S 40,000____Sept 1 1931 Total valuation 1918____141,685.964
5,000____July 1 1932 (Assessment from 40 to 60% value.)
430'12 J-J
4As'12 M-N 25,000____Nov 1 1932 Pop'n 1910. 83.930; 1915, 116.825
INT. on court-house bonds due
4 As'13 F-A 15,000_ __Feb 1 1933
15.000___ _July 1 1933 1930 and 1931 payable at the Corn
4 A s'13 J-J
Bank., N. Y.; on part of the
Exch.
1934
1
30,000____Aug
430'14
43's'15 M-N 25,000r...May 1 1935 court-house bonds due 1929 at the
43-0 16 M-N 27,000r_Nov I '18-26 Queens Co. branch of the Corn Exch.
4 As'16 J-D 18.000r_Dec 1 '18-'26 Bank in Long Island City, and part at
20,000r_ Jan 2 '19-'28 the Security Mutual Lite Ins. Co.,
5s '18 J-J
Binghamton, N. Y.; on part of the
Drainage Bonds.
430'15 F-A $61,000r___Aug 1 1935 road bonds of 1907 at the City Say.
June 1936 Bank of Brooklyn and the Buffalo
43§8'16 J-D 50,000
43s'17 J-D 40,000r___June 1 1937 Say. Bank; on road bonds of '09 to
'16, incl. Refunding and hospital
Refunding Bonds.
4s '05 J-D j$10,000„June 1 '19-'19 bonds at Treasurer's office.
1 19,000_._June 1 1920
--4s '06 M-N 75,000__Nov 1 '18-'21 NELSON.
4s '07 J-J 80,000__Jan 1 '19-'22
This town is in Madison County.
4As'16 J-D 32,000r_Dec 1 '18-'21
Railroad Bonds.
5s '17 J-D 150,000r_Dec 1 '18-'22 3.77s
___ 319.000
5s '18 J-J 65,000r_Jan 2 '19-'28 4s
___
14.000
(Duo $6,000 in odd years and $7,000 BOND. DEBT May 9'17_ $33,000
in even years.)
625,325
Assess val. real estate
Assessment Bonds.
633,462
Total assessed val. 1917
43-0'13
$20.000____Mar 1 1919 Tax rate (per 81,000) 1917_ _ _ $22.00
5s '13 M-S 39.000__ .July 1 1919 Population in 1915
1.230
8,000____Apr 1 1922
4As'16
5s '15 _ _ 20,000.__Nov
_Nov 1 1921 NEWARK.
4As'14 M-S 42.000____Jan 1 1920
This village is in Wayne County.
4As'15 M-N 9.000r_ _ _May 1 1921 Inc.
1903. Population 1915. 6,468.
Grade-Crossing Bonds.
Sewer Bonds.
4 As'16 M-N$10,000r_Nov 1 '25&'27 4.30s
1918-1932
Oct $75,000
20,000r_Jan 2 '19-38
5s '18 J-J
Water Bonds.
City Hall Bonds,
334&4s M-S 528,000r
1918-1924
448'12 M-N$200,000 May 1 '56-'65
Village-Hall Bonds.
9,000____Mar 1 1966 4.4.58'08M-S
4As'16
$6,000r
1918-1920
School-Bds.. City of Mt.Vernon. BOND. DEBT Apr 1917-4120,000
48 '96 J-J $100,000- July 1 '19-'38 Water debt (included)
32,000
4s '04 J-D 35,000.. _June 1 '34-37 Assess. val, real estate____2,888,075
34s'99 F-A 50,000__Feb 1 '39-48 Total assess. val. 1916____3,112,674
30,000____Aug 1 1931 Total tax (per $1,000) 1916-_-$16.82
3 A8'01
3As'01-2P-A 46,000__Aug 1 '31-'32
INT. mailed to registered holders.
45 '05 M-S 35,000__Sept 1 '38-'41
4s '07 A-0 13,750 Apr 1 '51-'52 NEWARK VALLEY.
43-68'08 A-0 95,000r_Apr 1 '42-'51
This village is in Tioga County.
430'10 M-N 77,700r_May 2 '53-'56 Incorp. in 1894; pop'n 1915, 808.
448'11 F-A 100,000r_Feb 1 '57-'61
Water Bonds.
43%s'12 M-N250,000r_May 1 '62-'73 43%s
A-0 $1.5.000_ _ Apr 1 '19-'33
4 As'12 M-N 55,500r_Nov 1 '52-'54
Electric Lights Bonds.
43'o'1.3 J-D 21,100r_Dec 1 '55-'56 4$
May $10,000__May 1 '19-'28
430'15 A-0 15,000_18, '21 & '24
Street Impt. Bonds.
430'15 ___ 103.000___Nov 15 1926 58
Oct $3.500___Oct 1 '12-'24
15,000r... _Feb 1 1929 BOND.DEBT Apr 8 '18_ _ _328,500
120 000r___Feb 1 1930 Assess. val. real
4 As'17 F-A ,
308,840
10,000r _ __Feb 1 1933 Total val.'17(80% act.).._.331,271
Deficiency Bonds.
Vii. tax rate (per $1,000)'17-$16.80
3 34s'02 M-S $40,000 __Mob 1 '23-'26
4s '03 M-S 40,000__Mar 1 '28-'31
48'03 F-A 40,000 ..Aug 1 '32-'35 NEW BERLIN.
This 'village is in Chenango Co.
5s '16 _-_ 30,000__Apr 1 '19-'21
Incorp. in 1819; popula'n 1915, 1,131.
Fire and Police Department.
4s '08 1A-N 550,0000_ _May 1 '27-'36 GEN. BD. DT. Mar 1 '18_ _$22,700
12,500
4s '05 J-D 50,000c_June 1 '26-'35 Water debt (addl)
3,324
4s '10 24.-0 20,000o Oct 1 '33-'36 Assess. debt (addl)
real
val.
Assess.
419,260
'36-'42
448'12 M-N105,000c_May 1
451,440
20.000c___Jan 1 /945 Total valuation 1917
434s'15 J-J
3,000____ Mar 1 1943 Total tax rate (per $1,000)_-$42.00
430'16
Water Bonds.
430'11 A-0 $30.000____Oct 2 1931 NEWBURGH.
This city is in Orange County. The
434s'12 J-D 50.000_-__Dec 1 1932
Library Bonds.
prin. and int. on the water bonds Is
330'02 __- $16,000-.__Aug 1 1932 met by water rents. Incorporated
Sewage-Disposal Works.
April 22 1865. Commission charter
4348'08 J-D $40,000..Dec 1 '48-'49 adopted May 1 1915. Pop'n 1915,
4s '09 M-N 100,000__May 1 '50-'54 27 876. Int. at City Treas. office.
10.000____May 1 1955
ire-Department Bonds.
$400r_ _Aug 1 '18-'19
Sewerage Bonds.
430'08 F-A
4s '93 J-D $5,000_ __ _June 1 1919 4$ '09 31-N
550r_ May 1 '19-'19
4s'97 A-0 20,000___Apr 1 19-'21 430'11 M-N 12,600_ May 1 '18-'31
3 As'99 M-S 30,000 __ _ _Mch '22-'24 434s'1.6 M-N 16,500_ _May 1 '18-'25
3 A s'00 111-N 60,000.. _. May '25-'27
Refunding improvement Bonds
33s'01 F-A 50,000.. _.Feb 1 1928 430'12 M-S $27.200r_Sept 1 1932
40,000_ _ _Nov 1 1929
33s'01
Paving Bonds.
4s '04 A-0 30,000_ _Oct 1 1930 48 '09 M-S $14,280r_Sept 1 '18-19
430'08 J-D 30,000r_ _ _ Deo 1 1934 4s '09 M-N 1,721.36-May 1 '1849
4 As'09 A-0 40.000r_Oct 1 '36-'39 430'12 M-8 34,200r_Sept 1 '18229
430'13 J-D 35.000r___Dec 1 1940 4.408'12 J-D 10,000r June 1 '19-'22
15,000r-Jan 1 1944 434s'13 F-A 97,000r._ Feb 1 1938
414815 J-J
TOT. 13D. DT. Dec 1917-54,538,050 434s'13 M-N 57,200__Nov 1 '18-'30
Floating debt
81,422 430'13 M-N 7,000____Nov 1 1928
Tax-relief & water (outside
430'15 A-0 28,000r___Apr 1 1925
debt limit)
413,000 430'15 F-A 36,000r_Aug 1 '18-'35
Sinking funds
58,003 414s'16 M-N 23,100__May 1 '19-30
Assess. val. real (incl. of
4 As
M-S 34,000
special franchises)
42.350.254 434s
M-N 52,650
Total assess val
42,508.731
Glebe Fund.
Tax rate (per $1,000) 1915-$24.90 35 '95 F-A $25,170r_ _Aug 5 1935
1.437.37r_May 20 1943
38 '93 J-J
INT. payable at Treas. office.
Sewer Bonds.
4
$20,800r_May 1 '19230
NAPLES, TOWN.
414s'13 M-N 12,600__Nov 1 '18-'31
This town is in Ontario County.
High School Bldg. Bonds.
BOND. DEBT May 5 '18_427,000 4.40s17F-A15,38,000r_ _Aug 1 '18-36
1,002
Sinking fund
1 1,000r_ _ _ _Aug 1 1937
Assess. val. 1917 (A act.)_770,212
Water Bonds.
Tax rate (per $1,000) 1917_422.80 4s '10 M-S$158.000r___Mch 1 1930
Population in 1915
2,285 414s'12 M-S 40.000r _Sept 1 1932
Refunding Water Bonds.
3X8'95 M-N $14,000__Nov 1 '19-'24
NASSAU COUNTY.
3,000r_Sept 1 '18-'21
Created Jan. 1 1899 out of that 314s'01 11-S
2,510r_Sept 1 '18-'22
portion of Queens County not in- 330'02 Act-S
cluded in the Greater New York 4.20s'11M-S 8,000r_Sept 1 '12s-'21
For debt, ho., prior to formation. see 430'12 F-A 96,000r_Feb 1 '19-'34
Queens County statement. Mineola 430'12 M-S 44,000r_Sept 1 1932
is the county seat.
School Bonds,
334s'03 J-J $12.000r_July 1 '18-'23
Court-House Bonds.
3;is g M-S $65,000r .Sept 1 1930 434s'07 A-0 40,000r_Oct 1 '18-'27
85,000r_ _ _Nov 11031 3.85s'09F-A 115,000r___Feb 1 1929
34s g
3 As g .I-J 100,000r.....July 11920 4.10s'11J-J
40,000r_ __July 1 1931
BOND. DEBT Apr 6 '1841,078,558
Building Bonds.
4 qg'14 J-D 5275.000r.June 1 '33 '43 Water debt (Incl.)
423.000
Assess. val. real estate
Hospital Bonds.
13,221.608
4s g '16 J-D$100,000r__Dee 1 '18237 (Assessment about 40% actual value)
City & sch.tax(per 51,000)'18.525.50
Road Bonds.
4 Yig'10 J-J $110,000e_July 1 '20-'29
INT. on high school building
48 g '09 M-S 35,000o_ _ _Sept 1 1931 bonds payable at City Treas. office.

66
NEW CASTLE.
This town is in Westchester Co.
&District No. 4 (School).
--- $15,000
1918-1932
District No.8(School).
J-J $2,400_-until Jan 1'28
55
Highway Bonds.
4.358 J-J $141,300
1930
430'13 M-S 18,000__Sept 1 '18-'26
430'14 M-N 7.075.10
($1,000 yearly May 1.)
Town debt Apr 1918
$177,000
Assessed valuation, real_ _ _5,068,495
Assessed val'n, personal_
251,400
Other assessable property
155,971
Total assessed val. 1916_ 5,475,866
Tax rate (per 31.000) 1917-$11.82 -IPopulation 1910, 3.573; 1915. _4,401
INT. payable at the Mt. Kisco
Nat. Bank and at Mt. Pleasant.

NEW YORK-CITIES AND TOWNS.
Grade-Crossing Bonds.
4s '09 M-N $46,700r_ _Dee 1 1939
Street & Highway -Impt.
3348'97 M-N $9,000_ _ _ _Nov '18-'23
33is'99 J-D 75,000r_ _ _June' 19-'33
330'01 A-0 22,000r__Apr 1 '19-'29
33is'00 J-D 150,000r_June 1 '34-'63
33is'01 J-J 30,000r_July 1 '30-'44
5s '07 M-N 20,000r_May 1 '19-'25
($5,000 due in odd years.)
43is'09 M-N 100,000r_May 1 '22-'31
430'10 M-N 16,000r_ May 1 '19-'20
430'11 M-N 35,000r_May 1 '19-'21
430'11 M-N 27,000r_May 1 '19-21
58 '13 M-N 75,000r_May 1 '19-'23
Fire-Department Bonds.
330'00 F-A $34,000r Aug 1 '18-'34
5s '07 M-N 40,000r May 1 '19-'26
58 '08 M-N 23,100r_ _May 1 '19-'30
430'11 M-N 6,000r_May 1 '19-'20
430'10 M-N 13,000r_May 1 '19-'31
430'12 M-N 13,215r_May 1 '10-'22
53 '13 M-N 7,000r_May 1 '19-'21
4s '16 M-N118,000r_May 1 '19-'24
I 4.000r_ _..May 1 1925
Assessment Map Bonds.
5s '07 I M-N $5,000r
_May 1 1919
Local-Improvement
_-Bonds.
4s '03 11-N $56,000. May 1 '19-'32
4s '04 M-N 30,000r_May 1 '19-'33
4s '05 M-N 7.000r-May 1 '19-'25
4s '04 M-N 4,000r_May 1 '19-'21
5s '07 M-N 8,000r_ _ May 1 1919
53 '09 M-N 12,136.32r May 1 1920
410'11 M-N 22,000r_May 1 '19-'21
43is'12 M-N 48,530r_ May 1 '19-'22
4 s'12 M-N 1,900r_May 1 '22-'23
4 s'13 M-N 25,020r_May 1 '19-'23
unicipal !mut. Bonds.
430'14 M-N $50,000r May 1 '19-'23
10.200r_ __May 1 1924
430'15 J-D 94,000r_May 1 '19-'24
13,000r_ _ _May 1 1925
430'16M-NI 75,000r.. Mayl '19-'25
1 4,250r ..May 1 1926
5s '17 M-N J84,000r_May 1 '20-'26
112,700r- _ May 1 1927
City Yard Bonds.
430'15 J-D 1334.000r_May 1 '24-'40
1,000r. _ _ May 1 1941
58 '17 M-N. 21,000r_May 1 '23-'29
2,000r--May 1 1930
School Bonds.
4s '97 M-N$49,000c_May 1 '19-'27
4s '05 M-N 5,000r_May 1 '10-'23
4s '05 M-N 48,000r_May 1 '19-'30
4s '06 M-N 28,000r_May 1 '19-'25
5s '08 M-N I99,000r_May 1 '20-30
1 8,500r__May 1 1931
430'09 M-N 43,000r_May 1 '19-'32
43009 M-N 12,500r_May 1 '29-'31
430'10 M-N 60,000r_May 1 '19-'30
430'10 M-N 55,000r_May 1 '20-'30
43is'11 M-N 88,000r_May 1 '20-41
430'12 M-N 30,000r_May 1 '19-'21
58 '13 M-N 78.000r_May 1 '22-'29
4s '15 M-NI24,000r _May 1 '21-32
1 1,000r___May 1 1933
430'16 M-N 30,000r-May 1 '21-'35
5s '17 M-N1100,000r_May 1 '23-'32
I 10,500r- _ May 1 1933
Certificate Redemption Bonds.
430'11 M-N$13,000-May'19-'20
430'12 M-N1 9,000r..-May 1 '19-'21
1 1,574.88r-May 1 '22
43is'13 M-N 9.800r_May 1 '23-'31
Park Bonds.
4353'11 11-N 336,000r_May 1 '19-'36
58 '13 M-N 16,000r_May 1 '19-'22
430'15 J-D 11.000r_May 1 '24-'34
Refuse Destructor Bonds.
5s '17 M-NJ 30,000r-May -1 '23-'32
1 1,000r--_May 1 1933
Library Bonds.
430'11 M-Dif $14.000r-May 1 '19-'25
1
990r-May 1 1926
430'13 M-N 7,500r_May 1 '19-'23
Land Damage Bonds.
330'99 A-0 $20.000r__Apr '19-'23
33is'99 J-D 20,000r_ -.July '24-'27
330'00 J-D 30,000r June 1 '25-29
Special Assessment Certfs.
(Subject to call after 1 year.)
Sewer 55 construction ctf_
$2,400
Temporary certificates 5s..
12,905
,
Temporary tax 58750,000
BOND. DEBT Apr 1 18_ 3,238,338
TOTAL DEBT Apr 1 '18_ 4,003,643
Assessed valuation, real__60,875,726
Assessed val.. personal__35,000
Franchises
2,196,732
Total valuation 1917
67,003,777
Total rate (per $1,000) 1918_$22.9O
INTEREST payable at office of
City Treasurer or, at the request et
holder, will be remitted In N.Y.exch.

[VOL. 106.

DEBT OF GREATER CITY AT PRESENT TIME.
s
Since consolidation (Jan. 1 1898). the Greater City has issued,
general fund bonds, special revenue bonds and revenue bonds andexcluding
bills, up
to Apr.30 1918, $1,135,740,689.89,and redeemed and canceled during that
period $263,295,221.96. The following compares gross and net debt of
the consolidated city at different dates.
Comparative Yearly Table of the Total Bonded Debt, from Jan. 1 1898 to
April 30 1918.
Divided to show in separate columns the Funded Debt, the Total Sinking
Fund Holdings and the Temporary Debt as at Jan. 1 of each year and
as at April 30 1918.
xFunded Debt
viz., Corporate
Stock, CorporSinking
--Temporary Debt-.ate Stock Notes
Fund
Net Funded
Special
Revenue
As at and AssessHoldings.
Debt.
Revenue
Bonds and
Jan.1 ment Bonds.
(Bonds).
Bonds.
Bills.
3
$
3
1898 -- 321,905,514 92,718,373 229287,141 3,061,645
6,067,600
1899 -_- 341,844,226 99,386,292 242,457,934 8,179,666
NEW CASTLE & BEDFORD UN.
7,600
1900 --- 359,620,986 105,754,872 253,866,114 3,170,311
FREE SCHOOL DIST. NO. 2.
7,600
1901 ___ 384,794,598 114,388,129 270,406,469 5,388,336
430'12 J-D 363.000r_June 1 '19-'42
2,107,600
1902 -__ 412,047,717 122,399,480 289,648,337 4,322,998
430'16 J-J 44,000r_ July 1 '18-'46
0,912,600
1903 -__ 434,339,606 137,442,949 296,896,657 4,272,308 22,467,600
TOTAL DEBT Apr 1918-- $107,000
1904 ___ 469,123,199 142,121,103 327,002,096 7,537,149 41,748,600
Ass'd val. 1916, real est_ _ _2,951,337
1905 --- 534,954,132 139,330,353 395,623,779 5,408,640 34,457,000
VII.& sch. tax (per $1,000)'16 $23.90
1906 -__ 565,058,513 140,380,613 424,675,900 6,280,500 42,097,000
Population in 1914 (est.)
3.000
1907 --- 617,484,892 150,294,187 467,190,705 7,462,600 50,412,270
INT. at Columbia Tr. Co.. N. Y.
1908 --- 672,396,965 143,187,164 529,209,801 8,368,000 53,646,037
1909 _-- 730,691,994 141,671,340 589,020,654 8,991,990 74,006,600
NEW HARTFORD.
1910 --- 794,930,289 146,868,060 648,062,229 5,208,150 60,367,290
This town is in Oneida County.
1911 --- 843,503,798 154,140,290 698,363,508 7,364,625 58,874,533
Fire-Truck Bonds.
1912 ___ 917,811,719 157,970,000 759,841,719 5,970,165 46,671,621
4.20s16Dec 35,500__Dec 1 '21-'31
1913 ___ 985,190,043 161,679,242 823,510.801 7,038,066 34,712,776
BOND. DEBT Jan 1912_ $50,000
1914
---1,064,418,430 169,955,028 894,463,402 6,319,225 33,694,416
Assess. val. 1916
3,780,909
1915 -.1,124,020,221 180,217,873 943,802,348 11,925,425 48,536,947
Population in 1915
7,864
1916 -__1,154,483,821 176,078,407 978,405,414 9,367,075 43,000,000
1917 ---1,191,317,252 176,111,545 1,015,205,707 9,999,948 26,004,500
NEW HARTFORD AND WHITE1918 --1,219,548,477 193,749,438 1,025,799,039 11,000,000 39,074,400
STONE(TOWNS)UNION FREE
April 30
SCHOOL DISTRICT NO. 4.
1918 .._.l,220,671,982 194,707,256 1,025,964,726 8,625,000 101,436,218
This district (P. 0. New York
Mills) is in Oneida County.
x The funded debt on Jan. 1 1912 included $23,795,579 of the corporate
Building Bonds.
stock notes described below; $35,391,095 of those securities were included
430'16 Aug $72,200r-Nov 1 '18-'36
on Jan. 1 1913, $62,435,562 Jan. 1 1914, $58,608,977 Jan. 11915, $34,080.TOTAL DEBT
285 Jan. 1 1916,$35,348,500 Jan. 1 1917. $18,447,000 Jan. 1 1918 and
(7)
$26,321,000 Apill 30 1918. None outstanding at previous dates.
INT. at Utica Trust & Deposit
Co., Utica.
The funded debt as given above is exclusive of general fund bonds as
follows: $8,500,000 at Jan. 11904, $18,000,000 at Jan. 1 1905, 329,000000
NEW HARTFORD SCHOOL DISat Jan. 1 1906, $40,750,000 at Jan. 1 1907, $54,250,000 at Jan. 11608,
TRICT NO. 1.
$68,750,000 at Jan. 1 1909, $85.500.000 at Jan. 11910, $102,500,000 at
BOND.DEBT Apr 1918- $45,000
Jan. 1 1911, $120,000,000 Jan. 11912, $137,500,000 Jan. 1 1913, $159,Assess. val. real estate_ _$1,753,441
_31,753,441
500,000 Jan. 1 1914, $183,000,000 Jan. 11915, $206,000,000 Jan. 1 1916,
Assess. val. personal
84,000
$229,500,000 Jan. 1 1917, $254,500,000 Jan. 1 1918 and $258,000,000
Other assessable property_
128;321
April 30 1918. There is also excluded from the above table tax notes
Total assess. val. 1916_ 1,965,762
which on Jan. 1 1918 amounted to $4,600,000, and on April 30 1918,
Tax rate (per $1,000) '16---39,395
$2,600,000. None outstanding at previous dates.
The table below of the City's funded debt as at April 30 1918, Is designed,
NEW LEBANON.
to first present the total outstanding amount of bonds which have been
This town Is in Columbia County.
Issued to finance undertakings that are largely, or in part, self-carrying.
Railroad Refunding Bonds.
In the first group (Group "A") are shown the total amounts of water bonds,
4s
M-S $23,000c
1921
rapid transit bonds, docks and ferries bonds and assessment bonds pay5s
M-S 5,000c
1920
able from assessments These make a combined total of 3574,478.357.
BOND. DEBT Mar 15 '17--$28,000
of
which the City's sinking funds hold $81,708,127 and the public holds
Floating debt
500
$492,770,231.
Assessed valuation, real
692,960
Of the total amount of water bonds outstanding, It is claimed that •
Assessed valuation, personal_ 1,500
there are probably from 395,000,000 to $100,000,000 which are selfOther assessable property_ _ _ 5,869
carrying. The water revenues actually realized each year are probably
Tot.ass'd val.'17 (75%act.)_700,329
sufficient to meet all administration, operation and maintenance charges
Tot.tax rate(per$ 1.000)'17-$24.17+
of the Water Department per se, and to provide annual interest payments
Population in 1915
1,369
on and set aside a sum sufficient to amortize and ultimately redeem the
principal of from $95,000,000 to $100,000,000 of these bonds. The reNEW PALTZ.
mainder of the water bonds outstanding represent to a great extent the
This village is in Ulster County.
amount which has been expended in the Catskill aqueduct still in course
Incorporated 1887.
construction. Altogether $195,375,100 38 of water bonds and notes
of
BOND. DEBT May 1918- $53,500
are exempted from the debt limit under the provisions of the State ConAssess. val, real estate 1916 352,767
stitution.
Population in 1915
1,261
Of the rapid transit bonds $47,482,725 18 have been exempted by the
Appellate Division in accordance with the provisions of the State ConstiNEW R0CHELLE. •
tution. The lessee of the subway is now paying interest and annual
This city is in Westchester County.
Installments to the Sinking Fund on $52,026,852. Consequently, of the
Inc. 1899. Population 1915. 31,758.
total amount of rapid transit bonds outstanding as•shown in the table
Sewer Bonds.
herewith submitted over $52,000,000 are self-carrying.
4s '89 A-0 $50,000c _Oct 1 '18-'27
The revenues realized by the city from the operation of the Dock Depart55 '93 A-0 95,000r_ Oct 1 '28-'46
ment are sufficient to meet all administration, operation and maintenance
48 '97 A-0 65.000r Oct 1 '47-'59
expenses,
.4)/Var0;v311201
fnnr
oig odnswie
amortizn
n charges
)usu
enearly
ve $70,330'00 F-A 18,778.94r Aug 1'18-'26
000,000 ($6g,943,053)
consequence
330'01 F-A 96,000r_Aug 1 '18-'49
from
the
constitutional
debt
of
the
City
by
the
lppeitate
Division
3 4s'99 J-D 10,122.20rDeo 1 '18-27
of the Supreme Court in accordance with certain provisions of the State
48 '05 M-N 40,000r_May 1 '19-'26
constitution.
.4 .4 MI
5s '08 M-N 4.000r_ _ _May 1 1919
The bonds which are fourth in order of arrangement in Group "A" are
430'09 M-N 39.000r_May 1 '20-'23
assessment bonds issued by the city payable from assessments levied
430'10 J-J 13.421r_May 1 '19-'31
against property presumably benefited by the improvements made and
430'11 M-N 6,000r_May 1 '19-'24
to finance which these assessment bonds were issued. If the total interest
43is'16 M-N 48,000r_May 1 '19-'42
on these bonds was payable and the entire principal was redeemable from
Court-House & Police-Sta. Bds.
the proceeds of special assessments laid for that purpose it would mean
4348'11 M-N387,000-May 1 '20-'41
that all of these bonds were also fully self-carrying; but as the city In many
Relief Bonds.
cases has to assume a certain percentage of the assessments levied for
53 '09 M-N313,000r--May 1 1919
improvements made, it follows that only a proportion of these
certain
5s '09 M-N 13.000r__May 1 1919
assessment bonds is payable principal and interest from the proceeds of
5s '09 M-N 11,000r-May 1 1919
assessments laid for that purpose. A careful estimate of the proportion
4s '03 M-N 27,000r_May 1 '19-'27
of assessment bonds on which interest and principal may ultimately require
Refuse Destructor Bonds.
to be provided for by the city would place such as not exceeding 15% of
4Ms'16 M-N J22,000r..May 1 '21-'31
the total amount thereof shown in Group "A."
1 1,500r_--May 1 1932
A conservative approximation, therefore, of the total amount of selfcarrying bonds contained in Group "A", based on actual figures and
NEW YORA CITY. John F. Hylan, Mayor; Charles L. Craig, Comp- careful estimates, would Indicate that there are from $237,000,000 to
$240,000,000 of these which can be so regarded.
troller.
The succeeding classifications in Groups "B" and "0" consist of bonds
The consolidation provided under the Greater New York Charter became
effective Jan. 1 1898, and New York City now includes Kings County, Issued for schools and sites, libraries and sites, city parks and places,
bridges,
streets, public buildings-including hospitals, charities, health,
Richmond County and the following portions of Queens County, namely
Long Island City, the towns of Newtown, Flushing and Jamaica. and part fire, police, correction, &c.; streets, highways; to cover deficiencies in tax
of the town of Hempstead. The Legislature in 1912 enacted a law (Chap. collections, &c. The interest on these is provided for by annual tax levy
oirsluicniistbaoin
hirts required to amortize and ultimately
548, Laws 1912) providing for the creation of the County of The Bronx-out riailiti:rtilveltphritnhlaar
of the Borough of The Bronx. The bill was subject to referendum of the
citizens of the borough in November 1912 and was favorably passed upon
Grossfunded Purchased
at that time, but on Jan. 17 1913 was declared unconstitutional by the Classification According Debt, viz.: and held
Purchased
Corporate
Appellate Division of the Supreme Court. V. 96, p. 299. This deto Function or GeriTotal Amount by Sinking and held
Stock Notes
cision was reversed, however, by the Court of Appeals on March 14
eral PurposeOutstanding. Funds.
bj Public. Outstanding.
1913. V. 96,p. 810. In 1917 a bill was passed providing for the secession
Group "A"
$
of the Fifth Ward of Queens (constituting the villages of Far Rockaway, Water
223,092,073 33,056,573 190,035,500
2,100,000
Arverne and Rockaway Beach) to set up what was to be known as the city Rapid transit
199,450,889
5,413,940 194,036,940 16,896,000
of Rockaway. This measure, however, was vetoed by the Mayor. A Docks and ferries
122,673,891 20,230,665 102,443,226
1,500,000
similar bill was passed by the Legislature in 1915, but this too was de- Assessment bonds (payfeated at the hands of the Mayor. The following statement includes
able from assessments) 29.261,504 23,006,939
6,254,565
all of the funded debt of the former City of New York and of the municipalities in Brooklyn, Queens and Richmond which was recorded
Totals of Group "A".574,478,357 81,708,127 492,770,231 20,496,000
at the date of consolidation; also such additional amounts as were recorded in subsequent years as being funded obligation of said former
Group "B"
municipalities to be assumed by the City of New York. These figures do Schools and sites
120,757,148 13,352,922 107,606,835
760,851
not include $2,007,600 revenue bonds of the former City of New York Libraries and sites
12,202,343
1,717,515 10,485,252
38,711
outstanding Jan. 1 1898 and redeemable from its tax levy of 1897 nor $4,- City parks and places._ 55,307,568
9,993,509 45,397,846
348,166
060,000 of revenue bonds or certificates of indebtedness of the former city Bridges
(1)_111,182,722 11,255,555 99,970,311
193,739
of Brooklyn outstanding Jan. 1 1898. but redeemable from its tax levy Streets, highways and
for the year 1898.
155,790,346 37,435,899 118,440,111
trunk sewers
1,003,054
DEBT OF GREATER CITY AT CONSOLIDATION JAN. 1 1898.
Public buildings, viz.:
Tot. Funded Debt. Sinking Fund.
health, fire, courts,
Net Debt.
Manhattan & The Brona§;226.144.311.28 $85,654,317.52 $140,489,993.76
police,corrections,&c.108,566,983 14,542,089 94,354,083
1,956,886
Brooklyn
7.361,105
81,626,175.53 6,734,055.69 • 74,892,119.84 Sundry other purposes
2,330,351
5,031,330
1,036
Queens 13,709,935.62
.
330000
3,379,935.62 Various municipal purFtichmond ......
------3.486,736.67
3,486,736.67
poses (unallotted)
622,557
Total-'
$324,967.159.10 392.718,373.21 $232,248,785.89
Totals of Group "B"..571,168.215 90,627,840 481,285,768
5,825,000
fIncludes 33.061.645.01 special revenue bonds.




JUNE, 1918.1

NEW YORK-CITIES AND TOWNS.

Group "C"
646,472 17,552,571
17,938,437
Refunding bonds
To fund deficiencies5,000,000 25,765,974
(2)30,765,974
taxes
5,646,472 43,318,549
Totals of Group "C"- 48,704.411
Affi•ejic.a%tplals of Groups
177,982,438
194,350,982
1017374,544 26,321,000
"C"23)1
General fund bonds 4) .258,000,000 258,000,000
Grand totals offunded
1,452,350.982 435,982,438 1017374.544 26,321,000
debt
(1) Includes the amounts expended in the acquirement of property for
and in the construction of the new Municipal Building-$18,045;755.
(2) Of these, $27,765,973 94 were issued in 1910, 1911, 1912, 1913, 1915
and 1916 for deficiencies in taxes of 1904 and prior years.
(4) Represent the amount of Surplus Revenue of Sinking Fund, No. 1
applied toward reduction of current taxation; these bonds are held by
Sinking Fund No. 1.
Of the total funded debt (3) the following amounts are exempted under
the State Constitution and decisions of the Appellate Division of the
Supreme Court from inclusion in the debt limit:
$195,575,100 38
Water bonds and notes
47,482,725 18
Rapid transit bonds
69,943,053 55
Dock bonds
14,141,876 44
County bonds
$327,142,755 55
ASSESSED VALUES.-The assessed valuation of property In the con-Tax Ratesolidated city for the year 1918 follows'
Total.
R. E. Pers.
Real Estate. Personal Estate.
Manhattan 45,094,605,238 $194,775,200 $5,289,380,438 23.36 23.30
7,357,100
726,129,198
733,486,298 24.00 23.70
Bronx
39,683,575
1,866,497,460 24.00 23.70
Brooklyn..._ 1,826,813,885
599,508,475 24.41 23.40
7,909,400
591,599,075
Queens
1,689,600
102,185,055 24.60 24.30
100,495,455
Richmond
Total 191848,339,642,851 $251,414,875 $8,591,057,726
Total valuations for each borough in previous years wore as follows:
Total.
Richmond.
Queens.
Man.&TheBenx. Brooklyn.
1917.._5,792,571,397 1,790,901,437 569,865,007 91,211,159 8.254,549,00
1916_6,152,154,616 1,796,150,060 546,105,674 89,944,152 8,584,352,511
1915_6,122,083,549 1,735,518,436 517,155,078 86.058,929 8,460,815,992
1914...6.101.412,243 1.710.471,995 494,601.906 83,669,328 8,390.155.472
1913_6,037.889.583 1,726,310,461 484,533.686 83,335,471 8,332.069.201
1912_5.938,069,111 1,723,496,394 463,147,289 80.149.636 8,204.862,430
1911--5.937,880,465 1.745,026,899 451,909,227 81.946,696 8,216,763,287
1910__5,543,421,737 1,463,368,346 339.922,440 70,124,976 7.416,837,499
1905-4,680,680,189 1,031,894.265 149.499,728 50.072.045 5,912,146,227
1900__2,799,871,672 695.335,940 109,926,453 48.988,128 3,654.122,193
1899- _2.669.088,835 655,092,980 110.066.632 44,103,582 3,478,352,029
(5)
1898-.2,365,490,372
1897-2.168,635,856 603,796,463
555,103,714
1896-.2,106,484,905
1895-2.016,947,662 563,987.132
1890.-1.696.978,390 452,758.601
1885- A ,371,117,003 330,683,762
1880.._1,143,765,727 234,835.991
*No assessment or tax in 1898.
In 1903 the assessment of real estate was made on the basis of about real
value; 1903 and subsequent values, therefore, are greatly in excess of those
for previous years, and consequently the tax rate is much lower.
(Under a law passed by the 1911 Legislature, the collection of taxes takes
place semi-annually instead of annually, as heretofore. V. 93, p. 63.1
[State Supreme Court early in 1916 decided against the city in its
efforts to have value of bank shares excluded from personal tax valuation
In levying direct State tax. See "Chronicle" of Mar. 4 1916, page 906.1
[The State Supreme Court upholds the city's right to make its own,,apgaisal of 3134•son,a1 pyootry of foreign corporations. See "Chronicle of
page 2®5.1
which the city had been carrying as an asset
tihf
for the past eleven years and representing unsatisfied claims against 92.844
persons for personal taxes from 1899 to 1905, Inclusive, was wiped from the
city's books by the Board of Estimate on Oct. 13 1916. V. 103, p. 1528.]
[The City Comptroller on May 1 1917 issued a report dealing with the
city's experience in connection with the imposition and subsequent liquidation of the special franchise tax. See V. 104. p. 1761.]
PAY-AS-YOU-GO POLICY APPROVED.-On May 20 1916 the Governor signed the bill approved by the 1916 Legislature providing for the
incorporation in the city charter of the pay-as-you-go policy. See"State
and City Department" of "Chronicle" for May 27 1916.
In 1918, however, the State Legislature passed a bill which was later
approved by both the Mayor and Governor for the relief in financing this
city's obligations during the period of the war and one year thereafter in
reference to the issuance of corporate stock and serial bonds. The new
law permits the city to issue, in addition to corporate stock and serial bonds
now authorized by law, $15,000,000 in bonds or corporate stock each year,
dating from Jan. 1 1918, for the period of the war and for one year thereafter, the proceeds to be used in needed public improvements. The full
text of the law will be found in the "Chronicle" of April 13 1918, page 1596.
GENERAL FUND BONDS.-A new kind of bond (known as the "General Fund Bonds") was created by the Legislature in 1903. It is issued for
the purpose of releasing the surplus revenues of the sinking fund of the old
City of New York, and to allow the money to be applied to the reduction of
taxation. Under the law the bonds will be issued only in the way indicated,
and they will be taken for account of sinking fund for redemption of the
city debt No. 1. See V. 76. p. 610. Up to Apr. 30 1918 $258,000,000
of these bonds had been issued.
APPROPRIATIONS.-The total appropriation for Greater New York
in 1898 was $77,473,084;in 1900 it was $90,778,972;for 1902 it was $98,619,600; for 1904, $106,674,955; for 1906, $116,805,490; for 1908, $143,572,266:
for 1910, $163,130,270; for 1912, $181,000,657; 1914, $192,995,551; for
1915, $198,989,786; for 1916, $212,956,155.81 (including $13,975,000 apportioned to N. Y. City as its share of the direct State tax of $20,000,000):
for 1917, $211,115,016.82 (no direct State tax in 1917); for 1918 the appropriation.s are $240,519,858 (including $8,463,756 apportioned ,to N. Y.
City as its share of the direct State tax of $12,800,000). The 1917 Legislature passed a bill providing for a direct tax of 1.08 mills and in 1918 for
1.06 mills.
On April 26 1917 a bill was signed by the Governor providing that bareafter this city shall have a tentative budget. Under the terms of the measure a budget setting forth every expense in items must be prepared and must
be ready by Oct. 10 for public discussion. It is further provided that the
Board of Estimate and Apportionment must file with its Secretary on Oct.20
each year, a copy of the proposed budget, after which date no item is to
be added, nor any item already in the budget increased. Between Oct. 20
and the date of adoption of the budget any item, however, may be decreased or dropped.
POPULATION (U. S. Census figures)1910.
1910.
1900.
1900.
Greater N.Y---4,766,883 3,437,202 Boro. of Queens_ 284,041 152,999
Man.& Bronx._2,762,522 2,050,600 Boro. of Rich'd. 85.969
67,021
Born, of Br'klyn 1.634,351 1,166,582
The population of the Greater City, according to the State Census for
1915, is officially reported as 5,047,221.
•
DETAILS OF INDEBTEDNESS.
The tables which follow give full details regarding the indebtedness of the
consolidated city and the various boroughs and other divisions forming part
of It. The loans marked (s f) are held in the sinking fund.
FUNDED DEBT OF THE CITY OF NEW YORK.
(As Constituted from January 1 1898.)
Payable from the sinking fund of the City of New York under the provisions of
Sections 206 ofthe Greater New York Charter.
Account of Armories.
Armories and Sites.
sf$8,500_ _Nov 1 '23 34g'01M-N
3 '98 M-N
$540,000__Nov 1 '41
3 g '99 M-N'
sf11,000_,Nov 1 '23 3Ag'01M-N
st10,000__Nov 1 '41
3 g '00 M-N
s138,563.49Nov1 '40 3 g '02 M-N sf566,653-Nov 1 '42
3 g '00 M-N s1115,681.32Novl '30 3 g '02 M-N
sf6,000....Nov 1 '52
3 g '00 M-N
sf7,500.._Nov 1 '40 3 g '03 M-N
sf46,500__Nov 1 '52
3 g '00 M-N
sf10,000-Nov 1 '40 3g '03 M-N
sf15,000__Nov 1 '53




67

3 g '04 M-N sf$350,000__Nov 1 '53 3 g '03 M-N
sf87,500_-Nov 1 '53
3 g'04M-N
100,000 Nov 1 '53 3 g '04 M-N
sf40,000__Nov 1 '53
y
,
175,000_-Nov 1 '53
33'g 04M-N
3 ,6g'04M-N
Criminal Court House.
200,000_ _Nov 1 '54
3 g '98 M-N sf$20,000__Nov 1 '23 3 g '00 M-N sf162,000__Nov 1 '40
Criminal Court Bldg.(Manh'n). 3 g'01 M-N
sf25,000__Nov 1 '41
3 g '03 M-N sf$97,000__Nov 1 '52 3 g '02 M-N
sf51.000__Nov 1 '42
sf35,000__Nov 1 '53
3 g '04 M-N
New Hall of Records.
Dist. Municipal Court Site.
3 g '99 M-N sf$150,000__Nov 1 '29
3 g '04 M-N sf$127,000__Nov 1 '53
g'99M-N
500,000.. Nov 1 '29
County Court House Repairs. 33g'00M-N
250,000-. Nov 1 '30
sf$5,000__Nov 1 '53 33i8'00M-N 2,705,800__Nov 1 '40
3 g '04 M-N
Court House for Appellate Div. 33ig'00M-N sf104,200__Nov 1 '40
$250,000_ _Nov 1 '28 3Mg'03M-N
3'98M-N
500,000-.-.Nov 1 '52
3 g '99 M-N
sf75,000_ _Nov 1 '29 3Mg'04M-N
700,000.. _May 1 '54
sfl0,000_ _Nov 1 '29
3 g '00 M-N
Hall
Records
of
(Kings Co.).
375.000_ _Nov 1 '29
3%g.'99M-N
3 g '01 M-N sf$20,000__Nov 1 '41
Court House Site (Bronx).
_Nov 1 '52
g'03M-N
400,000_
-.Nov
'40
1
$147,078
3
County Court House Repairs.
Richmond County Jail.
3 g '02 M-N
sf1,357__Nov 1 '52 3 g '03 M-N
sf$3,000__Nov 1 '52
3 g '03 M-N
sf27,179__Nov 1 '52 3 g '03 M-N
sf5,000__Nov 1 '53
3 g '03 M-N
sf50.000__Nov 1 '53
sf2,500__Nov 1 '53 3 g '04 M-N
Court House Erection (Bronx).
School Houses and Sites.
3 g '04 M-N sf$10.000__Nov 1 '53 3 g '98 M-N sf3618,507__Nov 1 '28
Municipal Bldg. & Additional 3 g '99 M-N sf535,473_ _Nov 1 '28
Court Bldg. (Brooklyn).
sf20,074__Nov 1 '28
3 g '00 M-N
3 g '03 M-N
sf$7,500__Nov 1 '53
8'98M-N 1,820,785_ _Nov 1 '28
Court House Constr. (Bklyn). •
300,000-. Nov 1 '40
3%g'00M-N
3 g_'04 M-N sf$35,000_ _Nov 1 '53 3
g '03 M-N sf750,000__Nov 1 '52
orough Hall (Queens).
3'03M-N
500,000 Nov 1 '52
3 g '04 M-N sf$40.000__Nov 1 '53 3 g '03 M-N sf150,000__Nov
1 '53
Court House Repair (Queens). 3 g '03 M-N
sf13,000__Nov 1 '53
3 g '04 M-N
sf$5,000__Nov 1 '53 3 g'03M-N 1,187,000_ _Nov 1 '53
Borough Bldg. (Richmond).
33ig'04M-N 2,000,000 _ _Nov 1 '53
3 g '03 M-N sf$44,000__Nov 1 '52 33ig'04M-N sf135,000_
_May 1 '54
3 g '03 M-N
sf5,000....Nov 1 '53 33ig'02M-N sf2,865,000__Nov 1 '54
3 g '04 M-N
sf88,491__Nov 1 '53 3Mg'02M-N 1,800,000__Nov 1 '42
3ig'04M-N
50,000_.May 1'54 3'03M-N 1,000,000_ _Nov 1 '52
Public Bldg. (Crotona Park). 3 g '04 M-N
sf50,000_ _May 1'53
sfl0,000_ _May 1'54
$75,000-. Nov 1 '28 3Mg'04M-N
3h_g'98M-N
Public Bath, Rivingston Street. 3'99M-N 2,590,000.-.Nov 1 '54
3 g '98 M-N sf$20,000__Nov 1 '28 3 g '99 M-N sf1,656,327__Nov 1 '29
3%g'98M-N
50,000 .Nov 1 '28 3 g'99M-N 1,700,000 _ _Nov 1 '29
sf8,273_ _Nov 1 '40
3 g '00 M-N
Interior Public Baths.
sf41,000__Nov 1 '40
3 g '02 M-N sf$150,000_ _Nov 1 '42 33ig'00M-N
_Nov 1 '40
Mg'00M-N
1,859,000_
3
3 g '03 M-N
sf72,000Nov 1 '52
250,000 Nov 1 '52 3 g '01 M-N sf1,000,000_ _Nov 1 '41
34g'03M-N
3 g '03 M-N
sf40,000__Nov 1 '53 354g'01M-N 1,000,000-_Nov 1 '41
Brooklyn.
3 g '04 M-N
sf10,000__Nov 1 '53
3 g 04M-N
100,000. Nov 1 53 3 g '89 M-N sf$85,615__Nov 1 '29
1,800,000__Nov 1 '29
3'89M-N
3 g'04M-N
'54
1
350,000__May
sf7,385Nov 1 '40
3 g '00 M-N
Hospital Bldg. (Gouv. Slip).
3%g'00M-N 2,188,000_.Nov 1 '40
3 g'98M-N
$50,000-. Nov 1 '28 3'00M-N
sf2,000__Nov 1 '40
3 g'00M-N
85,000-.Nov 1 '30 3 g '01 M-N sf300,000__Nov 1 '41
900,000 -.Nov 1 '41
Gouverneur Hosp.(Manhattan) 3Mg'01M-N
Queens.
3 g '03 M-N
sf$5,000__Nov 1 '53
sf$7,650__Nov 1 '29
3 g '04 M-N
sf3,000__Nov 1 '53 3 g '99 M-N
3 •ig'04M-N
sf50,000_ _Nov 1 '29
100,000-. May 1 '54 3Mg'99M-N
450,000_ _Nov 1 '29
g'99M-N
Public Hospital 'Site (Lenox •
sf49,350__Nov 1 '40
3 g '00 M-N
Ave., 136th & 137th Sts.).
sf5,000 _ _Nov 1 '40
g'00M-N
M
3
3 g '02 M-N sf$220,271__Nov 1 '52
145,000_ _Nov 1 '40
3 g '03 M-N
sf50__Nov 1 '52 3Mg'00M-N sf100,000__Nov
1 '41
3 g '01 M-N
New Hospital (Bronx).
100,000....Nov 1 '41
3 g '03 M-N sf$11,000__Nov 1 '53 3 g '01 M-N
g'01M-N
200,000-Nov 1 '41
New Fordham Hospital (Bronx). 3 Richmond.
3 g '04 M-N sf$35,000__Nov 1 '53
3100,000__Nov 1 ;29
3%g'04M-N
50,000_ _May 1 '54 3'99M-N
3 g '00 M-N
sf47.000....Nov 1 -40
New Bellevue Hospital.
150,000__Nov 1 '41
M-N
'01
g
3
$50,000_ _May 1'54
3lig'04M-N
High Schools and Sites.
New Harlem Hospital.
g '99 M-N sf$245,351__Nov 1 '29
3 g '03 M-N sf$13,000__Nov 1 '52 3
sf1,500__Nov 1 '29
g '00 M-N
3%g'04M-N
200,000_ _May 1 '54 3
sf26,419__Nov 1 '40
3 g '00 M-N
tklyn. Museum Arts & Sciences 3 g'00M-N
813,483_ _Nov 1 '40
3 ,ig'00M-N
$261,500__Nov 1 '30 3 g '01 M-N sf112,637__Nov 1 '41
sf38,500_ _Nov 1 '30 3 g'01M-N
g3'00M-N
800,000_ _Nov 1 '41
3 g '01 M-N sf300,000__Nov 1 '41 3 g '04 M-N
sf1,000__Nov 1 '53
75,000-.-.Nov i'53
3Yjg'04M-N
Metropolitan Museum of Art.
$600.000__Nov 1 '28
Richmond.
33ig'98M-N
3 g '992A-N
sf50,000__Nov 1 '29 3 g '01 M-N sf$100,000_ _Nov 1 '41
3 g '00 M-N
sf70,000__Nov 1 '40 3 g '03 M-N
sf20,000__Nov 1 '53
sf50,000_ _Nov 1 '41 3 g '04 M-N
sf55,000Nov 1 '53
3 g '01 M-N
sf30,000__Nov 1 '42 Toilet Facilities, City Parks.
3 g '02 M-N
sf55,000._Nov 1 '41 3 g '03 M-N
3 g '01 M-N
sf$3,000_ _Nov 1 '52
sfll ,5042_ _Nov 1 '52
3 g 01 M-N sf101,000__Nov 1 '42 3 g '03 M-N
3 g '02 M-N
sf14,000Nov 1 '52 3 g '03 M-N
sf2,000__Nov 1 '53
sf20,000__Nov 1 '53 3 g'04 M-N
3 g '03 M-N
sf19,500__Nov 1 '53
sf10,000_ _Nov 1 '53
3 g '03 M-N
Public Comfort Stations.
sf10,000--Nov 1 '53 3 g '03 M-N sf310,000.._Nov 1 '52
3 g '04 M-N
sf16,000__Nov 1 '53
3 g '04 M-N
Am. Museum of Nat. History.
50,000__Nov 1 '53
$300,000__Nov 1 '28 3 .ig'04M-N
3g98M-N
100,000._Mayl '54
150,000. Nov 1 '29 • 8'04M-N
3(g'99M-N
Brooklyn.
'28
1
_Nov
250,000_
3 g'98M-N
150,000_ _Nov 1 '29 3 g '03 M-N sf$60,000__Nov 1 '52
g'99M-N
sf25,000-Nov 1 '53
sf75,000__Nov 1 '40 3 g '03 M-N
3 g '00 M-N
sf43,000__Nov 1 '53
sf75,000__Nov 1 '40 3 g '04 M-N
3 g '01 M-N
College of City of New York.
o g '01 M-N sf200,000__Nov 1 '41
sf20,000__Nov 1 '52 3 g '01 M-N sf$14,860__Nov 1 '41
3 g)03 M-N
sf25,000__Nov 1 '53 3 g '02 M-N sf121,118 _ _Nov 1 '42
3 g '03 M-N
sf16,051__Nov 1 '42
sf30,500__Nov 1 '53 3 g '02 M-N
3 g '04 M-N
50,000__Nov 1 '53 3 g '03 M-N sf500,000__Nov 1 '52
Mg'04M-N
3
100,000_ May 1'64
50,000_ _May 1'54 3Yjg'04M-N
3)4g'04M-N
Medical College Dormitory.
sf35,000__Nov 1 '52
3 g '03 M-N
1 '52
'03
g
3
M-N
sf$50.000__Nov
'53
1
sf17,000__Nov
3 g '04 M-N
sf3,000__Nov 1 '53
50,000-.-.Nov 1 53 3 g,'04 M-N
3 g 04M-N
Euilding Impt., Wards Island
50,000 _ _May 1'54
3 g'04M-N
and Central Islip.
Botanical Museum & Herbarium 3 8'99 M-N
sf$1,000--Nov 1 '29
3 g '98 M-N sf$150,000__Nov 1 '28 3
sf1.000__Nov 1 '29
M-N
'01
g
sf15,000__Nov 1 '28
3 g '99 M-N
Parks and Parkways.
Public
sf10,000__Nov 1 '28
3 g '00 M-N
Construction and [isnot.
-.Nov
'28
1
200,000-.
3Xg'98M-N
$100,000....Nov 1 '29
35'99M-N
Bklyn Institute Arts & Sciences. 3 g 00 M-N sf100,000__Nov 1 40
sf10,000_ _Nov 1 '41
3 g '03 M-N sf$49,500__Nov 1 '52 3 g '01 M-N
080,000_ _Nov 1 '42
150,000--Nov 1 '54 3 g '02 M-N
334g'04M-N
sf10,000__Nov 1 '53
g '04 M-N
Impt Brown Stone Building, 3
3 g '98 M-N sf115.500__Nov 1 '21
City Hall Park.
sf8,000__Nov 1 '21
sf$1.000__Nov 1 '53 3 g '99 M-N
3 g '04 M-N
sf15,000__Nov 1 '18
3 g '99 M-N
New R_oadway & Route of S_PUY. 3 g '02 M-N
sf25,000Nov 1 '42
ten Duv. & Pt. litor. RR.Co. 33g'02M-N
150,000 Nov 1 '42
3 g '04 M-N sf$551,025_-Nov 1 '53 3 g '03 M-N sf191,500__Nov 1 '52
100,000...Nov 1 '52
Montague St. Library (Bklyn.). 33'03M-N
3 g '03 MN sf$40,000__Nov 1 '52 3 g '03 M-N sf174,000__Nov 1 '53
sf30,000--Nov 1 '53 3 g '04 M-N
sf26,500__Nov 1 '53
3 g '04 M-N
150.000_ _May 1'54
3'04M-N
Sites for Carnegie Libraries.
3 g '02 M-N sf$250,000__Nov 1 '42 3 g '02 M-N sf100,000Nov 1 '42
sf25,000__Nov 1 '52
3 g '03 M-N sf202,154....Nov 1 '52 3 z'02 M-N
sf23,500_-Nov 1 '53 3 g '03 M-N sf406,000__Nov 1 '52
3 g '03 M-N
150,000-...Nov 1 '52
3 g '04 M-N sf150,000__Nov 1 '53 33iff'03M-N
3%g'04M-N
90,000-Nov 1 '53 3 g 03 M-N sf231,500Nov 1 '53
sf77,000__Nov 1 '53
250,000- _May 1 '54 3 g '04 M-N
3Mg'04M-N
435,000__Nov 1 '53
Buildings(Der of Correction). 334g'04M-N
1 '28 3%g'04M-N
,0
sf15,000__Nov 1 53
3 g '98 M-N sf 4000__Nov
649,000__Nov 1 '54
00,000-Nov 1 '28 3g'04M-.N
3%g'98M-N
650,000-Nov 1 '29 33'04M-N
sf1,000_ _Nov 1 '54
34g'99M-N
150,000__Nov 1 '52 3 g '04 M-N sf297,500__Nov 1 '53
334g'03M-N
sf65,000__Nov 1 '23
Bldgs. (Dept. Pub. Charities). 3 g '98 M-N
sf30,000__Nov 1 '41
3 g '99 M-N sf$31,517--Nov 1 '29 3 g '01 M-N
sf2,000Nov 1'18-29
3 g '00 M-N sf125,000__Nov 1 '40 234g'98M-N
sf10,000--Nov 1 '41 2 4g'99M-N
3 g '01 M-N
sf3,000Nov 1'18-29
sf10,000--Nov 1 '42 23ig'00M-N
sf6,000__Nov 1 '29
3 g '02 M-N
sf30,000_-Nov 1 '52 234g'01M-N
3 g '02 M-N
sf2,000__Nov 1 '29
1 '29
3 g '03 M-N sf375,000--Nov 1 '52 3 e '03 M-N
at

68

NEW YORK-CITIES AND TOWNS.

NEW YOUR CITY (Continued)- 3Ma'01M-N
sf$4,050_ _Nov 1 '41
3Mg'01M-N
Crotona Park.
145,950....Nov 1 '41
3 g '99 M-N sf$30,000_ _Nov 1 '28 33.g'01M-N
250,000__Nov 1 '41
3 g '02 M-N
Bronx Park.
sf79,620__Nov 1 '42
3 g '99 M-N sf$63,000__Nov 1 '29 3Mg'04M-N
250,000_ _Nov 1 53
3 g '01 M-N sf125,000__Nov 1 '41 3Mg'04M-N
s15,000_ _May 1 '54
3 g '02 M-N
sf50,000_ _Nov 1 '42 3A g'04M-N
195,000.. May 1'54
3 g '02 M-N
sf10,000 _ _Nov 1 '52
Bridge over N. Y. & H. Tracks.
3 g '03 M-N
sf15,000__Nov 1 '52 3 g '02 M-N sf$50,000_ _Nov 1 '42
3 g '03 M-N
sf44,000_ _Nov 1 '52 3 g '03 M-N
sf25,000__Nov 1 '52
3Mg'03M-N
sf20,000_ _Nov 1 '53
50,000_ _Nov 1 '52 3 g '04 M-N
3 g '03 M-N
sf15,000_ _Nov 1 '53
New East River Bridge.
3 g '04 M-N
sf$1,000_ _Nov 1 '28
sf5,000__Nov 1 '53 3Mg'98M-N
3Mg'04M-N
100,000_..May 1'54 3Mg'98M-N 1,999,000_ _Nov 1 '28
100,000....Nov 1 '40 3 g '99 M-N sf1,287.823_ _Nov 1 '29
3Mg'00M-N
3 g '01 M-N
700,000.. Nov 1 '29
sf75,000_ _Nov 1 '41 33ia'99M-N
3 g '1)2 M-N sf125,000_ _Nov 1 '42 318'00M-N
sf33,000_ _Nov 1 '40
3 g '02 M-N
sf25,000_ _Nov 1 '51 3 g'00M-N 4,467,000_ _Nov 1 '40
3 g '02 M-N
750,000....Nov 1 '41
sf25,000_ _Nov 1 '52 3 g'01M-N
3 g '03 M-N sf100,000__Nov 1 '52 3Mg'03M-N sf100,000_ _Nov 1 '52
3Mg'00M-N
1,900,000_ _Nov 1 '52
49,900__Nov 1 '52 3A g'03M-N
3M g'04M-N
sf55,000__Nov 1 '53
100,000....Nov 1 '53 3 g '03 M-N
100,000_ _May 1 54 3 g '04 M-N sf1,500,000__Nov 1 '53
sf25,000_ _Nov 1 '53
3
3Ma'04M-N
3 g '98 M-N sf$160,000__Nov 1 '20 31
g'04M-N
975,000....Nov 1 '53
sf100_ _May 1 '54
sf17,000_ _Nov 1 '20 3 g'04M-N
3 g '99 M-N
3 g '98 M-N
sf863_ _Nov 1 '20 3 g'04M-N 3,699,900_..May 1'54
Bridge over East River.
3 g '99 M-N
sf20,915__Nov 1 '20
3 g '00 M-N
sf14,000__Nov 1 '40 3 g '99 M-N sf$20,000__Nov 1 28
sf35,000_ _Nov 1 '40
3Mg 00M-N 2,000,000_ _Nov 1 '40 3 g 00 M-N
sf5,000_ _Nov 1 '40
3 g 98 M-N
sf556__Nov 1 20 3 g '01 M-N
750,000 __Nov 1 '41
3 g '99 M-N
sf31,350__Nov 1 '20 3Mg'01M-N
658,000_ _Nov 1 '41 3 g '03 M-N sf240,000_ _Nov 1 '52
3Mg'01M-N
3 g '01 M-N sf125,000__Nov 1 '41 3 g '03 M-N sf510,000_ _Nov 1 '52
sf93,000_ _Nov 1 '53
3Mg'01M-N 1,392,000__Nov 1 '41 3 g '03 M-N
sf4,540_ _Nov 1 '53
sf1,000_ _Nov 1'42 3M g'03M-N
3 g '02 M-N
1,495,600_ _Nov 1 '53
3 g '01 M-N
sf15,000__Nov 1 '41 3Mg'03M-N
250,000_ _Nov 1 '53
sf1,247__Nov 1 '21 3Mg'04M-N
3 g '98 M-N
sf15,000_ -May1 '54
sf940_ _Nov 1 '29 3Mg'04M-N
3 g '99 M-N
485.000..-Mayl '54
3 g 01 M-N
sf6,220__Nov 1 '29 3Mg'04M-N
sf20,000_ _Nov 1 '28
990,000_ _Nov 1 '41 3 g '99 M-N
3Mg'01M-N
sf10,000__Nov 1 '40
260,000__Nov 1 '41 3 a '00 M-N
3'01M-N
sf17,000__Nov 1 '40
3 g '98 M-N
sf70,000__Nov 1 '21 3 g '01 M-N
sf10,000_ _Nov 1 '41
3 g '99 M-N
sf83,500__Nov 1 '21 3 a '01 M-N
3Mg'01M-N
750.000__Nov 1 '41
Riverside Drive.
sf75,000__Nov 1 '53
sf91,610__Nov 1 '40 3 g '03 M-N
3 g '00 M-N
250,000....Nov 1 '53
sf75,000 _ _Nov 1 '41 3 g'04M-N
3 g '01 M-N
450,000.._Mayl 54
sf15,000 _ _Nov 1 '42 3 g 04M-N
3 g '02 M-N
sf1,000_-Mayl '54
sf3,000__Nov 1 '52 33g'04M-N
3 g '03 M-N
299,000_ _Mayl '54
sf1,500_ _Nov 1 '40 3Mg'04 M-N
3 '00 M-N
Bridge over Harlem River.
500,000_ _Nov 1 '28
3 g'98M-N
100,000_ _Nov 1 '29 3 g '99 M-N sf$40,000_ _Nov 1 '19
3 g'99M-N
sfl 1,000_ _Nov 1 '52
sf20,000__Nov 1 '41 3 a '02 M-N
3 g '01 M-N
sf74.34__Nov 1 '53
150,000_ _Nov 1 '41 3 g '03 M-N
3 g '01 M-N
Bridge over Newtown Creek.
sf50,000_ _Nov 1 '42
3 a '02 M-Al
sf18,703_ _Nov 1 '52 3 g '03 M-N sf$10,000_ _Nov 1 '52
3 g '03 M-N
sf30,000_ _Nov 1 '53 3 g '00 M-N sf180,000__Nov 1 '40
3 g '03 M-N
sf20,000__Nov 1 '52
sf6,000__Nov 1 '53 3 g '03 M-N
3 a '04 M-N
Bridge over Gerretsen's Creek.
50,000_ _Nov 1 '53
3 g'04M-N
749,920_..May 1 '54 3 g '03 M-N sf$16,000_ _Nov 1 '52
3 g'04M-N
Bridge over Gowanus Canal.
sf80__May 1'54
3 g'04M-N
sf85,000_ _Nov 1 '40 3 g '04 M-N sf$195,000_ _Nov 1 '53
3 g '00 M-N
3 g '04 M-N
st15.000_ _Nov 1 '54
__
sflO,
3 g '98 M-N
Bridge over Flushing Creek.
3 g'99 M-N sf160,013_ _Nov 1 '18
3 g '04 M-N sf$36,000__Nov 1 '53
Public Parks.
Bridge over Newtown Creek.
3Mg'98M-N sf$21,000_ _Nov 1 '28
1,717,362_ _Nov 1 '28 3 g '03 M-N sf$250,000__Nov 1 '52
3Mg'98M-N
350,000.._Nov 1 '54
886,886.._Nov 1 '40 3Mg'04M-N
3Mg'00M-N
sf65,000_ _Nov 1 '29
Bridge across Prospect Ave.
3 g '00 M-N
1952
sf$8,000
s16.500__Nov 1 '21 3 g '03 M-N
3 g '98 M-N
sf12,500__Nov 1 '53
sf22,994_ _Nov 1 '21 3 g '03 M-N
3 g '99 M-N
sf1.500_ _Nov 1 '53
sf20,000_ _Nov 1 '41 3 g '04 Al-N
3 g '01 M-N
sf7,500__Nov 1 '42
Bridge over Mott Haven Canal.
3 g '02 M-N
$30,000__Nov 1 '41
st5,000__Nov 1 '63 3Mg'01M-N
3 g '03 M-N
sf48_ _Nov 1 '53
Bridge over Bronx River.
3 g '04 M-N
sf11,541_ _Nov 1 '42 3 g '04 M-N sf$10,000_ _Nov 1 '53
3 g '02 M-N
350,000...Nov 1 '53
Bridge over N. Y. & Harlem RR.
3Mg'04M-N
sf$6,000__Nov 1 '52
3 a '02 M-N sf185,604_ _Nov 1 '42 3 g '03 M-N
sf2,000_ _Nov 1 '63
3Mg'99M.-N 1,365,000_ _ Nov 1 '29 3 g '03 AI-N
sf16,000__Nov 1 '53
3 g '04 M-N
Central Park.
sf$2,000_ _Nov 1 '40
Bridge Across Harlem River.
3 g '00 M-N
sf$1,000_ _Nov 1 52
sf8,200__Nov 1 '40 3 g '01 M-N
3 g '00 M-N
sf1,000_ _Nov 1 '53
517,882_ _Nov 1 '41 3 g '03 M N'
3 g '01 M-N
sf50,000__Nov 1 '53
Van Cortlandt Park (Skate and 3 g '04 M N
sfl.000_..May 1 '54
Golf House).
3Ma'04M N
99,000_ _.,..1ay 1'54
3 g '00 M-N sf$10,000_ _Nov 1 '40 33g'04M N
sf10,000_ _Nov 1 '40
Bridge over Bronx River.
3 g '01 M-N
Silver Lake Park (Richmond). 3 g '03 M-N sfo25,000_ Nov 1 '52
sf$85,000_ _Nov 1 '40 3 g '04 MN
sf1.000_ _Nov 1 '53
3 g '01 J-J
30,000....Nov 1 '40
Melrose Avenue Viaduct.
3 g '00 J-J
..Nov 1 '28
Parks.
.8140,000..
Richmond
Other
3Mg'98M-N
sf20,000....Nov 1 '41
sf$5,000_ _Nov 1 '41 3 g '01 M-N
3 g '01 M-N
sf5,000__Nov 1 '62
sf31,500_ _Nov 1 '42 3 g '03 M-N
3 g '02 M-N
sf1,000_ _Nov 1 '52 3 a '03 M-N
sf56,500__Nov 1 '53
3 g '03 M-N
sf500-Nov 1 '53
sf1,000__Nov 1 '53 3 a '04 M-N
3 g '03 M-N
1952
sf3,095__Nov 1 '53 3g
M-N. sf116,975
3 g '04 Al-N
Prospect Park Improvement.
Grade Damage Commission.
sf97,740_ _Nov 1 '28
3 g '02 M-N sf$10,000_ _Nov 1 '42 3 g '98 M-N
sf17,740__Nov 1 '28
3 a '99 M-N
Wm. H. Seward Park.
250,000_ _Nov 1 '40
3 g '02 M-N sf$30,000_ _Nov 1 '42 3Mg'00M-N
sf25,000_ _Nov 1 '52 3 g '01 M-N sf217,720__Nov 1 '41
3 g '02 M-N
sf75,000_ _Nov 1 '52 3 a '02 M-N sf187,500__Nov 1 '42
3 g '03 M-N
'53
1
sf6,300__Nov
sf7,000_ _Nov 1 '52
3 g '03 M-N
3 a '04 M-N
sf32,500_ _Nov 1 '53
Driveway along Harlem River. 3 g '04 M-N
3300,000.. _Nov 1 '40
3 '00M-N
Health.
of
Department
idening 69th St.
3 g '01 M-N sf$25,000__Nov 1 '41
sf$5,000__Nov 1 '41 3
3 g '01 M-N
sf3,000_ _Nov 1 '42
g '02 M-N
sf40,000_ _Nov 1 '42 3 g '03 M-N sf107.500__Nov 1 '52
3 a '02 M-N
Bridge Connecting Pelham Bay 3 g '03 M-N
sf39,000_ _Nov 1 '53
Park and City Island.
sf35,000__Nov 1 '53
3 g '04 M-N
3 g '98 M-N sf$135,000__Nov 1 '19 3Mg'04M-N
250,000_ _Nov 1 '53
sf80,000__Nov 1 '41 3 g '04 M-N
3 g'01 M-N
sf1,000_ _Nov 1 '54
Bridge over Eastchester Bay. 3Mg'04M-N
200,000-..May 1 '54
'53
1
3 g '04 M-N sf$52,500__Nov
1 '19
sf33,045__Nov
g
Al-N
3
'98
sf10.000__Nov 1 '41 3 g '99 M-N
3 g '01 M-N
sf11,241_ _Nov 1 '19
sf2,500__Nov 1 '52
3 g '03 M-N
Street
Department
Cleaning.
sf2,500_ _Nov 1 '53
3 g'04 M-N
Bridges over N. Y. Cent.Tracks. 3 a '99 A1-N sf$100,000__Nov 1 '29
300,000-Nov 1 '29
3 a '98 M-N sf$15,000_ _Nov 1 '22 35a'99NI-N
g
M-N
3
'00
sf50,000_ _Nov 1 '40
sf18,000__Nov 1 '22
3 g '99 M-N
412,668_ _Nov 1 '40
50,000.._Nov 1 '28 3 g '01 M-N
3Mg'98M-N
_Nov 1 '42
'02
sf81,431_
g
At-N
3
1
'41
_Nov
sf2,000_
3 g '01 M-N
sf3,612_ _Nov 1 '52
3 g '03 M-N
Bridge over Bronx River.
sf$9,000_ _Nov 1 '19 3 g '02 M-N sf120,000_ _Nov 1 '42
3 g '98 A.I-N
31'50,000_ _Nov 1 '52
sf1,000_ _Nov 1 '19 3 g '02 M-N
3 g '99 M-N
sf6,000_ _Nov 1 '19 3 g '03 M-N sf301,861_ _Nov 1 '52
3 g '00 M-N
,000 _ _Nolr 1 '53
'03
sf35
g
NI-N
3
'53
1
st500__Nov
M-N
'04
g
3
sf75,000_ _Nov 1 '41 3 g '04 M-N sf124,000__Nov 1 '53
3 g '01 M-N
100,000_ _Nov 1 '53
Bridges-Port Morris Branch 3Mg'04M-N
200,000_..May 1 '54
3Mg'04M-N
N. Y. N. H. Sc H. RR.
sf10,800_ _Nov 1 '29
sf$9,000_ _Nov 1 '21 3 g '99 M-N
3 g '99 M-N
sf1,000__Nov 1 '40 3 g '01 NI-N sf200,000_ _Nov 1 '29
3 g '00 M-N
sf3,525__Nov 1 '53
3 g '04 M-N
For Redemption of Assessment
Bonds for lmpt. Park. Ave.
Bridges over Harlem River.
458,000.._Nov 1 '29
3M g'98M-N $1.029,844_ _Nov 1 '28 3Mg'99M-N
Police Department Purposes.
500,000....Nov 1 '30
33. g'00M-N
sf35,000__Nov 1 '41 3 g '00 M-N sf$136,000_ _Nov 1 '40
3 g '01 M-N
sf35,000- _Nov 1 '41
st25,000__Nov 1 '42 3 g '01 M-N
3 a '02 M-N
340,000....Nov 1 '41
3 g '03 M-N' sf194,000__Nov 1 '52 3 g '01 M-N
200,000._May 1 '54
sf36,155_ _Nov 1 '53 3Mg'04M-N
3 g '04 M-N
For Payment of Assessments.
150,000_..May 1 '54
3Mq'04M-N
sf31,671_ _Nov 1 '53 3Mg'04M-N 31,000,000_ _May 1 '54
3 g 04 M-N
impt. of Wallabout Basin.
250,000__Nov 1 '29
3'99M-N
1,000_ _Nov 1 '41 3 g '99 M-N sf$100,000_ _Nov 1 '29
3 g '01 M-N
Grand St. Paving (Brooklyn).
800,000__Nov 1 41
33g 01M-N
3Mg'99M-N 1.000,000_ _Nov 1 '293 g '00 M-N sf$10,200--Nov 1 '40

la




[vol..

106.

Fire Department Purposes.
Acquisition of Land.
3Mg'99M-N
$300,000_ _Nov 1 '29 3 g '04 M-N
sf$1,800_ _Nov 1 '53
3 g '01 M-N sf300,000_ _Nov 1 '41
Retaining Wall.
3 g '04 M-N sf161,000_ _Nov 1 '53 3 g '04 M-N
sf$5,000_ _Nov 1 '53
3Mg'04M-N
50,000.._Nov 1 '53
Library Bldgs. (Bryant Park).
3 g '04 M-N
sf12,500_ _Nov 1 '54 3Mg'99M-N
$500,000_ _Nov 1 29
250,000....May 1 '54 3A g'021\4-N
3Mg'04M-N
500,000_ _Nov 1 '42
3 g '01 M-N sf500,000__Nctv 1 '41 3Mg'03M-N
sf1,000_ _Nov 1 '52
3Mg'01M-N
241,000 _Nov
_Nov 1 '41 3Mg'03M-N
599,000_ _Nov 1 '52
3 g '06 M-N sf100,000_ _Nov 1 '56
Dept. Docks & Ferries.
sf50,000__Nov 1 '56
3 g '98 M-Nsf$2,000,000_ _Nov 1 '28 3 g '07 M-N
sf55,000__Nov 1 '57
3Mg'99M-N
sf61,000_ _Nov 1 '29 3 g '07 M-N
sf60,000_ _Nov 1 '57
3Mg'99M-N 2,939,000_ _Nov 1 '29 3 a '08 M-N
3 g '00 M-N sf750,000__Nov 1 '40 3 g '09 M-N sf610,000_ _Nov 1 '58
500,000,_ _Nov 1 '55
3Mg'00M-N
sf68,000_ _Nov 1 '40 4 a '06 M-N
sf1,000__Nov 1 '56
3Mg'00M-N 2,182,000_ _Nov 1 '40 4 g '07 M-N
249,000-Nov 1 '66
3 g '01 M-N sf1,000,000__Nov 1 '41 4 g '07 M-N
3 g '02 M-N sf850,000_ _Nov 1 '42 3Mg'05M-N 1,000,000.._Nov 1 '54
472,400_ _Mayl '57
1,500,000_ _Nov 1 '52 4 a '07 M-N
3Aa'02M-N
3Mg'03M-N 3,499,900 _ _Nov 1 '52 4A g'08M-N 1,000,000....Nov 1 '57
250,000....Nov 1 '58
3Mg'03M-N
sf500_ _Nov 1 '52 4 a '08 M-N
250,000....Nov 1 '58
1,485,000.. _Nov 1 '53 4 a '09 M-N
3Mg'03M-N
800,000_ _May1 '59
sf15,000_ _Nov 1 '53 4 g '09 M-N
3)ia'03M-N
'09 M-N
500,000_ _Mayl '59
3Aa'04M-N 1,000,000_ _Nov 1 '53 4 gVarious
Municipal Purposes.
sf9,000_..May 1 '54
3Ma'04M-N
3A g'04M-N 2,641,000_ _May 1 '54 3 g •12 M-Nsf$2,100,000--May 1'22
3 g '03 M-N sf1,000,000_ _Nov 1 '52 3 g '12 M-N sf1,250,000_-Nov 1 '22
g '13 M-N sf4,150,000_ _Nov 1 '22
3Mg'03M-N
500,000...Nov 1 '53 3 a
'13 M-N sf1,000,000__Nov 1 '23
500,000_..May 1 '54 3
3Ma'04M-N
3
3A g'98M-N sf200,000_ _Nov 1 '28 g '14 M-N sf2,400,000__Nov 1 '23
sf11,000__Nov 1 '24
3A g'98M-N 1,400,000_ _Nov 1 '28 3 g '04 M-N
g '05 M-N
sf2,500__Nov 1 '24
3 g '98 M-N
sf75,294_ _Nov 1 '28 3
g
M-N
3
1 '24
'14
sf900,000__Nov
3 g '90 M-N sf624,705_ _Nov 1 '40
3 g :15 M-N sf1,200,000_-Nov 1 '24
ov
__
,
.
101 M-N sf800,000__Nov 1 '41 3 g 05 M-AT
sf84,234_ _Nov 1 25
g
3
3%g,01m-N
650,000_ _Nov 1 .41 3 a '06 M-N
sf20,000__Nov 1 '25
g 15 M-N sf347,436__Nov 1 '25
4 g 15J-D
700,000.__J'ne 1 '65 3
g
3
'16
AI-N
sf250,000__Nov
'25
4 4 g'16A-0
2,750,000_ _Apr 1 '66 3 a '06 M-N sf186,734_ _Nov 1
1 '26
2,500,000_ _July 1 '67 3 a '15 M-N
4Ag'17J-J
1 '36
sf112,500__Nov
Jerome Avenue Paving.
3 g '13 M-N sf5,000,000.-Nov 1 '38
3 g '98 AI
sf$5,000_ _Nov 1 '28 3 g '14 M-N sf1,198,267__Nov 1 '39
60,000_ _Nov 1 '28 3 g '04 M-N sf126,500__Nov 1 '54
3Mg'98A4. Z,1
sf1,000_ _Nov 1 '52 3 g '05 M-N sf1,944,199__Nov 1 '54
3a 0354-N
3 g '03 M-N
sf2,000_ _Nov 1 '53 3 g '05 M-N sf1,260,000--Nov 1 '55
sf4,000_ _Nov 1 '53 3 g '06 M-N sf6,488,704__Nov 1 '55
3 g '04 M-N
Repaving Streets and Avenues. 3 g '06 M-N sf595,729__Nov 1 '56
3 g '98 M-N sf$160,000_ _Nov 1 '28 3 g '07 M-N sf723,565__Nov 1 '56
3 g '99 M-N sf150,000__Nov 1 '28 3 g '07 M-N
sf53,250_ _Nov 1 '67
3Mg'98M-N
250,000 __Nov 1 '28 3 a '08 M-N sf2,502,574_ _Nov 1 '57
300,000_ _Nov 1 '29 3 g '08 M-N sf400,000__Nov 1 '58
3Ma'99M-N
450,000_ _Nov 1 '40 3 g '09 M-N sf6,110,574.-Nov 1 '58
3M g'00M-N
750,000.. _Nov 1 '53 3 g '10 M-N sf2,345,558__Nov 1 '59
3M g'04M-N
3Mg'04M-N
150,000_ _Mayl '54 3 g '11 M-N s775,541_..Nov 1 '60
3Mg'00M-N
sf5,000_ _Nov 1 '36
sf39,000_ _Nov 1 '40 4 a '06 M-N
1,961,000_ _Nov 1 '40 4 g '06 M-N 10,495,000....Nov 1 '36
3Mg'00M-N
st24,000_ _Nov 1 '41 4 g '06 M-N sf147,520__Nov 1 '55
3 g '01 M-N
sf1,000__Nov 1 '41 4 a '06 M-N 17,352,480_ _Nov 1 '55
3Mg'01M-N
33.g'01M-N 1,999,000__Nov 1 '41 4 g '06 M-N sf102,500_ _Nov 1 '56
3 g '04 M-N
sf32,500_ _Nov 1 '53 4 g '06 M-N 10,897,500-Nov 1 '56
st50_ _Nov 1 '42 4 g '07 M-N sf293,000....Nov 1 '56
3Mg'02M-N
1,999,950.._Nov 1 '42 4 g '07 M-N 22,707,000.._Nov 1 '56
3A if'02M-N
sf69,500 _ -Nov 1 '54
3 g 03 M-N
sf25,000__Nov 1 '52 3Mg'04M-N
3Mg'03M-N 1,500,000 _ _Nov 1 '52 33g'04M-N 18,430,500.. Nov 1 '54
sf81,250 __Nov 1 '54
3 g '03 M-N sf610,000__Nov 1 '53 3Mg'05M-N
3M g'04M-N 3,000,000 _Mayl '54 33g'05M-N 15,918,750__Nov 1 '54
Atlantic Ave. Improvt.(Bklyn.) 3Mg'05M-N 12,500,000_ _Nov 1 '55
360,440....May 1 57
3 g '02 M-N sf$250,000__Nov 1 '42 4 g 07 M-N
3 g '02 M-N
sf15,000_ _Nov 1 '52 4 a '07 M-N 9,000,000_..May 1'57 •
3 g '03 M-N sf665,000__Nov 1 '52 4 Mg'07M-N
sf2,000_..May 1'57
3 g '03 M-N
sf51,000__Nov 1 '53 4 Mg'07M-N 25,998,000_ _May 1'57
3 g '04 M-N
sf19,000__Nov 1 '53 43g'08M-N 37,500,000__Nov 1 '57
3A g'04M-N
150,000.._Nov 1 '53 4 g '08 M-N 7,000,000_ _Nov 1 '58
100,000_ -Mayl '54 4 g '09 M-N 7,000,000..-Nov 1 '68
33g'04M-N
sf38,500_ _Nov 1 '53 4 g 09 M-N 24,000,000_ _May 1 59
3 g '04 M-N
Bedford Ave. !mot. (Brooklyn). 4 g '09 M-N 6,000,000_ _May 1'59
3 g '04 M-N sf$21,000__Nov 1 '24 43ig'10M-S 32,000,000 Marl 30-60
0.1g'11M-S
sf292,000__Sept 1 '60
Street and Park Openings.
3 g '99 M-N
sf$74,619__Nov 1 '29 41,ig'11M-S 29,708,000__Sept 1 '60
sf71,000__Mar 1 '62
3 g '00 M-N sf2,598,211_ _Nov 1 '40 4 Xg'12M-S
3 g '01 M-N sf538,699_ _Nov 1 '41 4 Mg'12M-S 24,929,000_ _Mar 1 '62
sf100_ _Mar 1 '63
3 g '02 M-N sf2,265,577__Nov 1 '42 4 Mg'13M-S
3 a '02 M-N sf1,743,881_ _Nov 1 '52 4Mg'13M-S 24,999,900__Mar 1 '63
3 g '03 M-N sf2,449,306_ _Nov 1 '52 43ia'14M-S 35,000,000....Mar 1 '64
3 g '04 M-N sf826,226__Nov 1 '53 4Xg'16A-0
3,470,000_ _Apr 1 '66
2,000,000.._July 1 '67
33. g'99M-Nsf500--Nov 1 '29 4Mg'17J-J
Fire Alarm Telegraph System.
3 g'99M-N
1,848,607.._Nov 1 '29
sf50_ _Nov 1 '41 3 a '04 M-N
sf$2,000_ _Nov 1 '53
3Mg'01M-N
Fire Boats.
3Aa'01M-N
1,112,075__Nov 1 '41
sf$8,500....Nov 1 '53
1,000,000_ _Nov 1 '52 3 g '04 M-N
3M g'03M-N
sf22,500_ _Nov 1 '53
3Ma'03M-N 2,999,960_ _Nov 1 '53 3 g '04 M-N
04•1
sf40__Nov 1 '53
Rapid Transit Railroad.
33g'03M-N
8500,000....Nov 1 '36
sf13,000_ _Nov 1 '53 4 g '06 M-N
3Mg'04M-N
997,000_ _Nov 1 '53 3 g'01M-N sf125,000- _Nov 1 '48
3Mg'04M-N
600,000--Mayl '54 3 g 01M-N 3,875,000--Nov 1 '48
3Mg'04M-N
sf19,000....Nov 1 '49
Acquiring Title to Lands Re- 3 g'00M-N
3 g'00M-N
989,000....Nov 1 '49
quired for Public Purposes.
sf70,500....Nov 1 '49
sf$5,000__Nov 1 '42 3 g'01M-N
3 g '02 M-N
sf1,000- _Nov 1 '52 3 g'01M-N 2.829,500_ _Nov 1 '49
3 g '03 M-N
3 g '04 M-N
sf4,000__Nov 1 '53' 3 g '01 M-N 1,500,000__Nov 1 '50
Soldiers' and Sailors' Memorial 3 g'01M-N 2,500,000__Nov 1 '50
3 g'02M-N
sf4,100__Nov 1 '51
Arch.
sf$5,000_ _Nov 1 '29 3 g'02M-N 8,495,900_ _Nov 1 '51
3 g '99 M-N
sf2,000__Nov 1 '40 3 4 g'03M-N sf1,166,000_ _Nov 1 '52
3 g '00 M-N
sf25,500_ _Nov 1 '52
31g'01M-N
sf10,000....Nov 1 '40 3 g'02M-N
33g'01M-N
190.000__Nov 1 '40 3 g'02M-N 3,974,500_ _Nov 1 '52
sf4,000_ _Nov 1 '52
43,000._Nov 1 '42 3 g'03M-N
3Mg'02M-N
Monument, Fort Greene Park. 3 g'03M-N 5,996,000.. Nov 1 '52
sf13,000_ _Nov 1 '53
sf$1,550-Nov 1 '53 3 g'03M-N
3 a '02 M-N
Sewer Construction (Brooklyn) 3 g'03M-N 1,087,000_ _Nov 1 '53
sf25,300_ _Nov 1 '53
sf$1,000_ _Nov 5 '53 3 g'04M-N
3 g '04 M-N
100.000....Nov 1 '53 3 g'04M-N 2,974,700_ _Nov 1 '53
Mg'04M-N
3
100.000.. _May1 '54 3 g'06M-N 0250,000....Nov 1 '55
3Mg'04M-N
sf36,000_ _Nov 1 '56
167,000....Nov 1 '42 4 g '07 M-N
3Ma'02M-N
sf204,825_ _Nov 1 '57
Webster Avenue Relief Sewer. 4 g '08 ___
sf632,500__Nov 1 '58
sf$2,500_ _Nov 1 '53 4 g '09 ___
3 g '04 M-N
3Mg'04M-N
sf56,000_..May 1 '54
Map, Queens Borough.
3 g '04 M-N sf$42.500_ Nov 1 '53 3 g'04M-N 4,644,000_..May 1 '54
Map, Borough of Richmond. 3 g'04M-N 2,250,000__Nov 1 '54
3 g '04 M-N sf$20,000__Nov 1 '53 3 g 05M-N 2,500,000_ _Nov 1 54
1,500,000_ _May 1 57
Topographical Bureau (Brons). 4 g 07 M-N
sf$1.000_ _Nov 1 '53 4 Mg 07M-N 2,000,000__May 1 57
3 g '04 Al-N
sf1,000_ Nov 1 '54 4A g'08M-N 2,600,000- _Nov 1 '57
3 g '04 M-N
4 g '08 M-N
750,000--Nov 1 '58
Payment of Awards.
sf500_ _Nov 1 '58
3 a '04 M-N
sf$9,499-Nov 1 '53 4 g '08 M-N
749,500.. _Nov 1 '58
100,000_ _Mayl '54 4 g '09 M-N
3Mg'04M-N
3 g '04 M-N sf165,000_ _Nov 1 '53 4 g '09 M-N 3,200,000_..May 1'59
Payable from the Rapid Transit Sinking Fund of the City of New York under
the provisions of Section 10 of Article 8 of the Constitution of the State of New
York, Section 2()4 of the Greater New York Charter, and Chapter 498 of the
Laws of 1909, amending the Rapid Transit Act,
sf14,000__Sept 1 '60
Rapid Transit RR. Construc'n. 43r11M-S
8,486,000.._Sept 1 '60
4 g '10 M-N sf$188,500__Nov 1 '59 4 g'11M-S
sf366,160__Mar 1 '62
4 a '13 M-N sf973,079_..May 1'63 4 .ig'12M-S
sf24,512__Nov 1 '59 4Yg'12M-S 19,633,840...Mar 1 '62
4 g '10 M-N
sf10,000 _ _May 1'60 4 g'14M-S 10,000,000_ _Mar 1 '64
4 g '11 M-N
4 g '14 M-N sf1,172,472_ _Nov 1 '63 4 g'15J-D 30,000,000....June 1'65
sf13,000 _ _July 1 '67 4 g'16A-0 27,130,000__Apr 1 '66
4 g '17 J-J
37,000,000_ _July 1 '67
sf20,000Mar 1'30-60 4 g'17J-J
4Xg'10M-S
5.980,000Mar 1'30-60
43ig'10M-S
Payable from taxation under the provisions of Section 169 of the
Greater New York Chw ter.
I 43(g'16A-0 13,000,000 Aprl'19-'31
Various Municipal Purposes.
7,500,000 July!'18-32
4Mg'15J-D $21,666,580J'nel'18-'30 I 4 Mg'17J-J

JUNE, 1918.]

NEW YORK-CITIES AND TOWNS.

Payable from the water sinking fund of the City of New York under the provisions of Section 10 of Article 8 of the State Constitution and Section 208 of
the Greater New York Charter, as amended.
3 g '08 M-N
For the New Aqueduct.
sf51,500__Nov 1 '57
3 g '99 A-0
$450,000__Oct 1 '18 3 g '08 M-N sf2,709,000_ _Nov 1 '58
3Mg'99A-0
350,000 __Oct 1 18 3 g '10 M-N010,463,225.._Nov 1 '69
3 g '99 A-0
sf200,000__Oct 1 '19 3 g '11 M-N sf1,004,400__Nov 1 '60
3 g '00 A-0
100 ..Nov 1 25
sf100,000__Oct 1 '19 4 g '06 M-N
33ig'99A-0
$300,000_ _Nov 1 '36
1,000,000__Oct 1 '19 4 g '06 M-N
sf129,500__Oct 1 '19 4 g '07 M-N
511,000__Nov 1 '26
3Ag'00A-0
sf10,000_ _Nov 1 '55
1,520,000- _Oct 1 '19 4 g '06 M-N
3%g'00A-0
3 g .'01 A-0
sf90,000__Oct 1 '20 4 g '06 M-N 1,990,000__Nov 1 '55
sf80,000_ _Nov 1 '56
3%g'00A-0
1,000,000_ _Oct 1 '20 4 g '06 M-N
3Ag'01A-0
1,200,000__Oct 1 '20 4 g '06 M-N 1,420,000__Nov 1 '56
sf21,000-Oct 1 '21 4 g '07 M-N 2,750,000__Nov 1 '56
33g'01A-0
sf8,000_ _Nov 1 '54
3Xg'01A-0
479,000_ _Oct 1 '21 334g'04M-N
3 g '02 A-0
sf100,000....Oct 1 '22 3%g'04M-N 4,242,000....Nov 1 '54
3 g '03 A-0
sf100,000__Oct 1 '22 3''05M-N 2,500,000....Nov 1 '54
1,500,000__Oct 1 '52 4 g '07 M-N 1,100,000__May 1'57
3'03A-0
3 g 03 A-0
sf30,000__Oct 1 '53 4 g '07 M-N 2,500,000_ _May 1 '57
3 g '04 A-0 sf1,500,000__Oct 1 '53 4;ig'07M-N 7,000,000_..May 1'57
350,000__Oct 1 '53 4 •ig'08M-N 6,000,000__Nov 1 '57
334g'04A-0
3 g '04 A-0
sf70,000-Oct 1 '54 4 g '08 M-N 4,000,000....Nov 1 '58
sf19,800__Apr 1 '22 4 g '09 M-N 2,000,000.._Nov 1 '58
3Mg'02A-0
33.613'02A-0
480,200....Apr 1 '22 4 g '09 M-N 10,000,000.. May 1 '59
3Mg'04A-0
1,000,000_ _Apr 1 '54 4 g '09 M-N 6,000,000_ _May 1 '59
43ig'10M-S 12,000,000Mar 1 30-60
Additional Supply of Water.
3 g '04 M-N sf$482,500__Nov 1 '53 43ig'11M-S
sf209,000__Sept 1 '60
sf15,000__Nov 1 '54 43g'11M-S 21,291,000_ _Sept 1 '60
3 g '04 M-N
33g'04M-N
sf137,150__Mar 1 '62
500,000__Mayl '54 4Y4g'12M-S
250,000__Nov 1 '19 4rig'12M-S 19,862,850__Mar 1 '62
33g'99M-N
3 g 01 M-N sf260,000_ _Nov 1 '20 4 g'13M-S 20,000,000_ _Mar 1 '63
3 g '02 M-N sf445,000__Nov 1 '21 4 g'14M-S 20,000,000....Mar 1 '64
3 g '02 M-N sf100,000_ _Nov 1 '22 43,6g'15T-D
15,300,000.._June 1 '65
3 g '03 M-N sf845,501__Nov 1 '22 4 g'16A-0
6,650,000....Apr 1 66
3 g '03 M-N sf544,000_ _Nov 1 52 4 g'17J-J
6,000,000_ _July 1 '67
250,000....Nov 1 '52
33I'03M-N
Water Mains.
Laying
3 g 03 M-N sf353,000-Nov 1 '63 3%g'01M-N
350,000....Noy 1
3 g '04 M-N sf327,498__Nov 1 '53 3 g 00 M-N sf100,000__Nov 1 '20
'19
650,000-_Nov 1 '53 3 g '01 M-N
33ig'04M-N
sf25,850__Nov 1 '20
sf1,000__May1 '54 3 g '01 M-N
3 g'04M-N
849,150_ _Nov 1 '20
3 '04M-N
999,000__Mayl '54 3345'01M-N
150,000...Nov 1 '20
o Provide for Supply of Water. 3 g 03'M-N
sf29,000__Nov 1 '52
3 g '12 M-N sf$50.000__Mayl '22 3 g '04 M-N
1 '53
sf47,500__Nov
3 g '13 M-N sf100,000__Nov 1 '22
Purch. of L. I. Water Sum). Co.
3 g '05 M-N
sf55,000__Nov 1 '24
sf$1,000__Nov 1 '18
3 g '05 M-N
sf60,000....Nov 1'25 3%g'99M-N
569,000....Nov 1 '18
3 g '06 M-N sf635,000__Nov 1 '25 3g'99M-N
Sanitary Protection of Sources
sf85,000__Nov 1 '26
3 g '06 M-N
of Water Supply.
g '13 MN sf4,200,000__Nov 1 '38
3 g '14 M-N sf1,425,704__Nov 1 '39 3 g '00 M-N sf$100,000__Nov 1 '19
3 g '04 M-N
sf91,000__Nov 1 '54 3%g'99M-N sf100,000__Nov 1 '19
250,000....Nov 1 '19
3 g '05 M-N
sf52,500_ _Nov 1 '54 3%g'99M-N
sf100_ _Nov 1 '20
3 g '05 M-N
sf2,500__Nov 1 '55 33ig'00M-N
499,900__Nov 1 '20
3 g '06 M-N sf1,586,000__Nov 1 '55 3Ag'00M-N
3 g '06 M-N sf470,000__Nov 1 '56 3 g '02 M-N sf500,000__Nov 1 '21
3 g '07 M-N sf1,183,000-Nov 1 '56 3 g '03 M-N sf200,000__Nov 1 '52
Payable from taxation under the provisions of Section 222 of the Greater
New York Charter.
3 g '11 M-Nsf17,500,000....Nov 1 '30
General Fund Bonds.
3 g '03 M-Nsf$8,500,000__Nov 1 '30 3 g '12 M-Nsf17,500,000- _Nov 1 '30
3 g '04 M-N sf9,500,000_ _Nov 1 '30 3 g '13 M-Nsf22,000,000_ _Nov 1 '30
3 g '05 M-Nsf11,000,000_ _Nov 1 '30 3 g '14 M-Nsf23,500,000_ _Nov 1 '30
3 g '06 M-Nsf11,750,000_ _Nov 1 '30 3 g '15 M-Nsf23,000,000 _ _Nov 1 '30
3 g '07 M-Nsf13,500,000_ _Nov 1 '30 3 g '16 M-Nsf23,500,000_ _Nov 1 '30
3 g '08 M-Nsf14,500,000_ _Nov 1 '30 3 g '17 M-Nsf25,000,000__Nov 1 '30
3 g '09 M-Nsf16,750,000_ _Nov 1 '30 3 g '18 M-N sf3,500,000_ _Nov 1 '30
3 g '10 M-Nsf17,000,000....Nov 1 '30
Payable from assessments.
sf9,000_..On or aft.
3 '01 M-N
Assessment Bonds.
Nov 1 1902
sf$4,000__ On or aft.
3 g '09 M-N
Nov 1 1909 3'02 M-Nsf12,097.46 __On or aft.
Nov 1 1903
3 g '12 M-N
sf1,000_ _On or aft.
sf2,500_..On or aft.
Nov 1 1913 3 '03 M-N
Nov 1 1904
3 g '13 M-N
sf4,000__On or aft.
•sf100__On or aft.
Nov 1 1913 3 g '04 M-N
Nov 1 1904
3 g '14 MN sf5,000,000__On or aft.
Nov 1 1914 3 g '04 M-N
sf61,676_ _On or aft.
Nov 1 1905
3 g '14 M-N 3,000,000_..On or aft.
sf31,000_ _On or aft.
Jan 2 1915 3 g '13 M-N
Nov 1 1913
3 g '17 M-N 5,000,000__On or aft.
sf50,000_..On or aft.
Nov 1 1917 3 '99 M-N
Nov 1 1904
3 g '17 M-N 2,500,000_.On or aft.
Jan 2 1918 3 g '06 M-N sf162,734_ ..On or aft.
Nov 1 1926
3 g '13 M-N 2,500,000_ _On or aft.
Jan 2 1914 3 g '06 M-N
sf20,170__On or aft.
60_ _Mayl '17
4 g '07 M-N
Nov 1 1906
41,000__Mayl '17 3 g '13 M-N
4;ig'07M-N
sf10,000__On or aft.
56,220_ _Nov 1 '17
Nov 1 1922
4 •61;f'08M-N
500,000__Nov 1 '18 3 g '13 M-N
sf10,000_.On or aft.
4 g 08 M-N
sf1,000__Mayl '19
Nov 1 1923
4 g '09 M-N
1,999,000_ _Mayl '19 4' 6 M-N
4 g '09 M-N
3,010__Nov 1 '16
sf242.75_ ..On or aft. 3 g '16 M-N sf500,000_..On or aft.
3 g '98 M-N
Nov 1 1899
Jan 2 1917
1,645,000 Jan 2'17
3 g '98 M-N sf18,181.33__On or aft. 3 g '16 M-N
Nov 1899 3 g '17 M-N
1,500,000....On or aft.
_On or aft.
Jan 2 1918
3 g '09 M-N
.
1 1900 43108
N11-31
sf11,514.65-ov
8,000_ _Nov 1 '17
425,000....On or aft.
3 g '00 M-N sf17,185.35__On or aft. 3 '1
Nov1 1901
Jan 2 1919
FUNDED DEBT OF THE CITY OF NEW YORK.
(As constituted prior to January 1 1898.)
Consolidated Stock payable from the sinking fund for the redemption of the
city debt under the provisions of Section 229 of the Greater N. Y. Charter.
Bridge Connecting Pelham Bay
Laying Water Mains.
Park and City Island.
3%g'17M-N
$400,000....Nov 1 '18
3 g '96 M-N sf100,000_ _Nov 1 '18 3 97 M-N sf$34,000_ _Nov 1 '19
Bridges over Bronx River.
3 g '97 MN sf150,000__Nov 1 '18
3 '97 M-N
sf$5,000__Nov 1 '19
New York Bridge Bonds.
3 '97 M-N
sf15,000 _ _Nov 1 '20
3 g '91 M-N
$180,000_ _Nov 1 '22 3
M-N
sf30,000__Nov 1 '19
3 g '92 M-N
150,000 __Nov 1 '22 '97
over N. Y. Cent. Tracks.
3 '93 M-N sf100,000__Nov 1 '23 3 Bridges
M-N sf$15,000_ _Nov 1 '22
3 g '94 M-N
sf25,000_ _Nov 1 '25 '97
Bridge over N. Y. & Harlem RR.
3 g '95 M-N
sf50,000_Aug 19 '25 3 '97
M-N sf$50,000_ _Nov 1 '19
3 g '95 M-N
sf45,000__Nov 1 '25
Port Morris Branch.
3 '96 M-N
s130,000_ _Apr 1'26 3 '97
M-N sf$50,000_ _Nov 1 '21
Bridges over Harlem River.
Bridge over
River.
3 g '95 M-N $100,000....Nov 1 '20 3 '97 M-N Harlem
sf$45,000_ _Nov 1 '19
3 g '95 M-N
201,181__Nov 1 '20
Bridge_ over N. Y. & Harlem RR.
'20
3 g '05 M-N
1
_Nov
$23,000_
3 '97 M-N sf$25,000_ _Nov 1 '22
3 g '95 M-N
50,000....Nov 1 '20
American Museum Nat. History.
3 g '97 M-N
sf36,573_ _Nov 1 '19 3 '93 M-N
sf65,000__Nov 1 '20
M-N
3 g '95
80,000_ _Nov 1 '20 3 '94 M-N sf224,103__Nov 1 '20
3 '97 M-N sf$655,979__Nov 1 '20 3 '95 M-N
sf30,000 _ _Nov 1 '20
3%g'97M-N
400,000_ _Nov 1 '18 3'97 M-N
sf5,000__Nov 1 '20
3 '97 M-N sf204,037_ _Nov 1 '20 3 g '95 M-N
75,000....Nov 1 '20
3 g '96 M-N
400,000....Nov 1 '20 3 '95 M-N
sf12,000_ _Nov 1 '20
3jig'96M-N
'17
4,200_ _Nov 1
3 '96 M-N
sf7,000__Nov 1 '20
Bridge over Harlem Ship Canal. 3 '94 M-N
sf31,000_Nov 1 '20
3 '97 M-N sf$36,573__Nov 1 '19 3 g '95 M-N
150,000....Nov 1 :20
3 g '95 MN
55,000....Nov 1 '17
...Nov 1 '20 3M g'96M-N
ri0d0g..e
0
3 g '95 M-N
New East River80
250,000_ _Nov 1 '20
13,
3'95 MN sf$10,000_ _Nov 1 '20 3 '97 M-N sf100,000__
_
1 '25
sf50,000Nov
3 '96 M-N
sf54,069__Nov 1 '20 3 '97 M-N
_Nov 1 '20
Dist. Police & Judicial Courts.
3 '97 MN
sf73,255__Nov 1 '20
3Mg'96M-N
$199,000_ _Nov 1 '20
5,000....Nov 1 '17 3 g '95 M-N
3 g'96M-N
Castle Garden Aquarium.
sf10 000__Nov 1 '18
3 g'96M-N
370,000....Nov 1 '20
290:000...Nov 1 '18 3 g '95 M-N
Bridges over Harlem River.
Hall of Records.
3 '95 m-N
sf$20,000....Nov 1 '20 3 '97 M-N 3,5105,100_ _Nov 1 '23
Court House-Appellate Div.
3 '96 M-N
sf10,000_ _Nov 1 '20
3 '97 M-N sf150,000_ _Nov 1 '20 3 '96 M-N
sf$7,000_ _Nov 1 '19
3 '97
sf4,000_ _Nov 1 '18 3 '97 M-N
1;55'.060:..NovNoir 1 '19
efila.000Nov 1 '19 3 '97 MN
3 37 .52.-N




69

sf47,000__Nov 1 '18
Redemption of Revenue Bonds. 3 '95 M-N
3 ig'97M-N
sf55.000_ _Nov 1 '18
$389,431_ _Nov 1 '18 3 '95 M-N
Dept. of Pub. Charities (Bldgs.) 3'95 M-N sf1,065,000__Nov 1 '18
sf90,000__Nov 1 '20
3hg'9'7M-N
$350,000_ _Nov 1 '18 3 g '95 M-N
710,000_ _Nov 1 '20
3 '97 M-N sf418,175__Nov 1 '21 3 g'95 M-N
Repaving Streets & Avenues.
3'97 M-N
sf50,000-Nov 1 '21 3'97
M-N
sf5,000__Nov 1 '20
Dept. of Correction (Bldgs.). 3'97 M-N sf520,000_ _Nov 1 '20
$250,000__Nov 1 '18 334g'97M-N
35ig'97M-N
sf1,000__Nov 1 '18
Botan. Museum & Herbarium. 35'97M-N 1,399,000_ _Nov 1 '18
,
3 '97 M-N sf$125000.._Nov 1 '21 3 g '95 M-N
3 g '95 M-N
500,000..Nov 1 '20
Public Bath, Rivington St.
100,000__Nov 1 '20
3 '97 M-N sf$30,000_ _Nov 1 '19 3 g '95 M-N
sf8,500_ _Nov 1 '23
Bldgs. Promotion Pub. Health. 3 '97 M-N
sf5,500__Nov 1 '23
3 '97 M-N sf$25,000__Nov 1 '19 3 '97 M-N
50,000...Nov 1 '20
Public Building, Crotona Park. 3 g '95 M-N
3 '97 M-N sf$25,000__Nov 1 '20 3 '95 M-N sf125,000__Nov 1 '22
sf8,000_ _Nov 1 '20
sf11,947__Nov 1 '20 3 '96 M-N
3 '97 M-N
sf5,425_ _Nov 1 '20
3 '97 M-N
Parks, Parkways & Drives.
3 '94 M-N sf$690,000__Nov 1 '19 3 '97 M-N sf400,000__Nov 1 '21
M-N
'95
g
3
'20
1
3 g '95fM-N
sf5,000__Nov
sf2,000__Nov 1 '19
305,000_ .Nov 1 '20 3 '96 M-N
3 g '95•M-N
Redemption Park Ave. Assess334g'96M-N
175,000__Nov 1 '18
ment Bonds.
3 '97 M-N
sf37,000__Nov 1 '18
3 '97 M-N sf102,000_ _Nov 1 '21 3 '97 M-N sf$100,000_ _Nov 1 '20
Redemption of Stock 5: Bonds
Public Park, Hester Street.
Maturing in 1896.
3'97 M-N sf$12,789__Nov 1 '20
3 '97 M-N
sf1,271__Nov 1 '23 33ig'96M-N sf$165,000_ _Nov 1 '22
3 '97 M-N
sf2,500__Nov 1 '20 3hg'961%1-N 6,835,000....Nov 1 '22
Board of Health.
Public Park, 11th Ward.
3 '97 M-N sf$21,209_ _Nov 1 '20 3 '97 M-N sf$38,027__ Nov 1 '19
Dock Bonds.
3'97 M-N
sf$2,500__Nov 1 '20
$200,000__Nov 1 '18
3 '87 M-N
Mulberry Bend Park.
800,000_ _Nov 1 '18
3 g '95 M-N
sf$1,000__Nov 1 '24 3 '88 M-N
sf50,000__Nov 1 '19
3 g '95 M-N 1,583,371__Nov 1 '24 3 89 M-N
500,000_ Nov 1 '19
3 g '95 M-N
100,000_ _Nov 1 '20 3'88 M-N
sf2,000__Nov 1 '19
Public Park. 111th & 114th Sts. 3 '89 M-N
498,000_ _Noy 1 '19
3 '97 M-N
sf$8,842__Noy 1 '18 3 '89 M-N
2 i'89 M-N sf200,000_ _Nov 1 '20
Riverside Park.
3 '97 M-N sf$55,000_ _Nov 1 '21 234'89 M-N sf200,000_ _Nov 1 '20
sf76,000_ _Nov 1 '20
3 '90 M-N
Spuyten Duyvil Parkway.
,
3 '97 M-N sf$55,000_ _Nov 1 '23 3 '90 M-N
sf100,000 _ _Nov 1 '21
Public Park, 12th Ward.
3 '96 M-N sf$35,682__Nov 1 '21 3 '91 M-N sf400,500_ _Nov 1 '21
M-N 1,189,500_ _Nov 1 '21
3 '97 M-N
sf30,625_ _Nov 1 '21 3 '9
Public Park, 27th & 28th Sts. 3 '91 M-N sf350,000_ _Nov 1 22
3 '97 M-N sf$16,696__Nov 1 '21 3'92 M-N sf2,130,000_ _Nov 1 '22
20,000....Nov 1 '22
3 '92 M-N
Washington Bridge Park.
3 '96 M-N sf$20,000__Nov 1 '20 3 92 M-N sf410,000__Nov 1 '23
390,000.. _Nov 1 '23
3 g '95 M-N
sf3,000_ _Nov 1 '20 3'92 M-N
3 g '95 M-N
637,000_ _Nov 1 '20 3'93 M-N sf1,260,000_ _Nov 1 '23
465,000_ _Nov 1 '23
3'93 M-N
Fort Washington Park.
3jig'97M-N sf$22,000_ _Nov 1 '18 3 '93 M-N sf300,000_ _Nov 1 '24
725,000_ _Nov 1 24
3hg'97M-N
845,310_ _Nov 1 '18 '93 M-N
3 '94 M-N sf635,000_ _Nov 1 '24
Street and Park Opening.
_Nov 1 '24
400,000_
M-N
'94
3
sf$2,000_ _Nov 1 '18
3%g'97M-N
sf30,000_ _Nov 1 '25
3 ig'97M-N 1,866,867_ _Nov 1 '18 3 '95 M-N
sf25,000_ _Nov 1 '24
3 '94 M-N
Fire Hydrant Stock.
500,000_ _Nov 1 '24
3 '97 M-N sf$25,000__Nov 1 '25 3W94 M-N
sf12,000_ _Nov 1 '25
3 g '95 M-N
50,000....Nov 1 '25 3 g '95 M-N
33ig'96M-N
50,000....Nov 1 '25 3 g '95 M-N 1,148,000_ _Nov 1 '25
sf1,000 _ _Nov 1 '26
3%g'96M-N
Police Department Bonds.
999,000_ _Nov 1 '26
3 '97 M-N sf$14,000__Nov 1 '18 33.ig'96M-N
sf6,000_ _Nov 1 '27
ig'96M-N
3
20,000__Nov 1 '18
3%g'97M-11
3 g '95 M-N
sf1,000__Nov 1 '25 3)ig'96M-N 3,994,000_ _Nov 1 '27
Additional Dock Bonds.
3 g_'95 M-N
59,549.._Nov 1 '25
3 '97 M-N sf$250,000_ _Nov 1 '28
ublic Driveways.
sf2,500 _ _Nov 1 '28
sf15,000__Nov 1 '18 334g'98M-N
3 '93 M-N
3 '94 M-N sf518,000_ _Nov 1 '18 3 '98 M-N 1,747,500_ _Nov 1 '28
fund for the redemption of the city debt (No713
tgthriin1
-71r
under the provisions of Section 1 of Chapter 79 of the Laws of 1889 and Sec.
Lion 214 of the Greater New York Charter.
sf3,500Nov 1 '09-'29
Consol. Stock Parks, Parkway& 2 W93M-N
sf1,600Nov 1 '09-'29
23,6'94M-N
and Public Places.
sf2,000Nov 1 '09-'29
2%'89M-Nsf$9.057,000Nov 1 '09-'29 2'95M-N
sf12,000Nov 1 '09-'29
2 '90M-N sf690,000Nov 1 '09-'29 234'96M-N
sf1,000Nov 1 '09-'29
sf35,000Nov 1 '09-'29 2%'97M-N
• '91M-N
sf21,000Nov 1 '09-'29
• '92M-N
Payable from the sinking fund for the redemption of the city debt (No. 1)
under the provisions of Section 213 of the Greater N. Y. Charter.
Payable from assessments.
Additional Water Stock.
3 '83 A-0 f sf$45,0001_0ct 1 '33
Assessment Bonds (Fort Wash1
100,000!
ington Ridge Road).
(Subject to call after Oct. 1 1913.)
On or After
$300,000__Oct 1 '33 3'92 M-N
33'84 A-0
sf$4,802__Nov 1 '95
(Subject to call after Oct. 11913.) 3 '93 M-N
sf5,648_ _Nov 1 '95
sf25,590_ _Nov 1 '95
3 '94 M-N
Consolidated Stock (City).
sf5,887__Nov 1 '96
3 '95 ____
1 '97
sf$13,018__Nov
lkf-N
'96
3
$500...July 1 '01
6 g '71 J-J
sf30,587_ _Nov 1 '98
3 '97 M-N
Assess. Bds.(Harlem Riv. [mot.)
Tax Relief Bonds No. 2.
$2,500....Nov 1 '90 3 '87 M-N sf$75.000_ _Nov 1 '88
7 '70 M-N
BONDED DEBT ANNEXED TERRITORY OF WESTCHESTER CO
TOWN OF MORRISANIA.
TOWN OF WEST FARMS.
Central Ave. Construction.
Central Ave. Construction.
78 '68 May $11,000__Mar 1 '19-'29 7s '69 M-S $45,000_ _Mar 1 '19-'63
78 '68 June 19,000._M 1 '30-'48 7s'70 M-S 10,000_ _Mar 1 '64-'73
78 68 July 11,000..July 15 '49-'59 7s '71 M-S 1,000____Mar 1 1974
7s '68 July sf500__July 15 1960 7s '72 M-S 1,000__Mar 1 '75-'76
7s '68 Oct 14,000__Oct 15 '61-'74 7s '73 M-S 2,000__Mar 1 '76-'77
500_ _ __Mar 1 1978
78 '68 Dec 50,000_Mar 1 '75-2024 7s '73 J-D
500...... _Mar 1 1978
7s '68 M-S 65,000_Mar 1 2025-'89 70 '73 M-S
..Mar 1 '79-'80
2,000..
M-S
'73
78
2090-'21
1
32,000_Mar
M-S
'70
7s
500_ _ __Mar 1 1922 4.s '89 M-S 1,000_ _ _ _Sept 1 1918
7s '70 M-S
4,000_ _July 1 '18-'21
500_ _ _ _Mar 1 2123 4s '92 J-J
7s '70 M-S
7s '70 M-S 13,000_Mar 1 2124-'36 VILLAGE OF WILLIAMSBRID GE
500.......Mar 1 2137
78 '70 M-S
Improvement.
7s '71 M-S 2,000_Mar 1 2138-'39 4s Highway
'93 F-A 20,000....Aug 1 '18-'37
7s '72 M-8 2,000_Mar 1 2140-'41 6s '94
M-N 25,000__May 1 '19-46
500_ _ _ _Mar 1 2142
7s '72 M-S
500_Mar 1 2142-'43 5s '95 M-S 16,000__Mar 1 '10-34
7s '73 M-S
7s '73 M-S 4,000_Mar 1 2143-'47
VILLAGE OF WAKEFIELD.
500____Mar 1 2147
7s '73 M-S
Highway-Improvement Bonds.
TOWN OF WESTCHESTER. 438'91 M-S $8,720__Sept 1 '18-'25
4s '92 A-0 6,000_ _Oct 1 '18-'23
Improvement Bonds.
3is'91M-N$145,000__May 1 '19-'47 4Ms'94 A-0 8,000...Oct 1 '18-'23
FUNDED DEBT COUNTY OF NEW YORK.
Consolidated stock payable from the sinking fund for the redemption of the
city debt(No. 1) under the provisions of Section 213 of the Greater N.Y.Charter.
3.30g'01J-Jsf$80,000_ __ _July 1 191813.30g'01J-Jsf$20,000____July1 1920
3.30g'01J-J1,970,000____July 1 1918 3.30g'01J-J1,980,000____Juyl 1 1920
3.30g'01J-J2,000,000____July 1 1919 3.30g'01J-J2,000,000_ _July 1 1921
THE CITY OF BROOKLYN.
The old city of Brooklyn covered the entire area of the county of Kings.
the county government being consolidated with that of the city on Jan. 1
1890 under the provisions of Chapter 954 of the Laws of 1895. Under the
provisions of this Act, "the debt of the said county shall not be deemed to
be,or be included as, a part of the debt of the City of Brooklyn. within the
meaning of the provision of the constitution of the State of New York
limiting the power of cities to incur indebtedness." (See" "Chronicle."
Vol. 62 p. 49.) The towns of Flatbush, New Utrecht and Gravesend
were annexed to the City of Brooklyn In 1894 and the town of Flatlands
became a ward of the city on the first day of January 1896.
Payable from the sinking fund of the City of Brooklyn under the provisions
of Chapter 488, Laws of 1860. and amendments thereto.
2,000__July 1 '15
I 7s '70 J-J
Public Park Loan Bonds.
21.000__Jan 1 '18
21.092.000_ _Rib'1 '24(is '73 .14
6s '70 J-J

70

NEW YORK-CITIES AND TOWNS.

Payable from the sinking fund of the City of Brooklyn under the provisions
of Chapter 572, Laws of 1880, and Chapter 443. Laws of 1881.
Arrearage Bonds.
34s'84 J-J
$700,000_ _May 1'24
4s '83 J-J
sf$150,000__July 1 '23
(Subject to call after 1894.)
(Subject to call after July 1 1893.)
Payable from the sinking fund of the City of Brooklyn under the provisions
of Chapter 648 of the laws of 1895.
City-Hall Improvement Bonds.
Wallabout Bonds.
34ig'96J-J
sf$35,000__Jan 1 '20 34ig'96J-J
sf$70,000__Jan 1 '25
34ig'95J-J
95,000__Jan 1 '20 3%g'96J-J
65,000__Jan 1 '25
3 '96J-J
25,000Jan 1 '21 34ig'97J-J
190,000__Jan 1 '25
.V.& Bklyn. Bdge.(Cons.Stk.)
Wallabout Market (Cons. Stk.)
34ig'95J-J
$100,000_July 10'25 34ig'95J-J
$15,000__Jan 1 '25
344g'96J-J
60,000_Mar 12'26 34ig'95J-J
s125,000__Jan 1 '25
34ig'95J-J
100,000__Jan 1 '28
Indexing Conveyances (Cons.
3 '95J-J
70,000__Jan 1 '29
Stock).
New East Riv.Bdg.(Cons.Stock) 33ig'96J-J
sf$139,000__Jan 1 '27
346g'95J-J
$25,000__Jan 1 '35 34ig'97J-J
sf132,000__Jan 1 '27
34ig'96J-J
sf100,000__Jan 1 '36
Leonard St. 'mot. (Cons. Stk.)
34ig'96J-J
50,000 ..Jan 1 '36 34ig'97J-J
sf$70,000_ _Jan 1 '37
344g'96J-J
sf52,000__Jan 1 '37
Cons. Stock to Pay Gravesend
34ig'96J-J
280,000__Jan i'37
Bonds.
344g'97J-J
• sf1,000__Jan 1 '37 344g'96J-J
sf$1,000__Jan 1 '36
3A g'97J-J
29,325....Jan 1 '37 34ig'96J-J
20,242_ _Jan 1 '36
Kings & Queens Bridge (Cons.
Cons. Stock to PayKings Co.
Stock).
Obligations.
34ig'96J-J
$112,000__Jan 1 '36 34ig'96J-T
sf$1,500__Jan 1 '36
Auxiliary Sewers (Cons. Stock). 3Mg'96J-J
698,500_ _Jan 1 '36
34ig'95J-J
350,000__Jan 1 '25
Albany Ave. !mot. (Cons. Stk.)
346g'96J-J
218,000__Jan 1 '36 34ig'97T-J
$37,009.._Jan 1 '37
34ig'97J-J
50,000__Jan 1 '37
34ig'97J-J
sf..5,000__Jan 1 '38
Payable from the water sinking fund of the City of Brooklyn under the provisions of Chapter 396. Laws 1859, and -Acts amendatory thereof and supplementary thereto.
Cons. Stock for Water Sys. Ext. 34ig'96J-J
350,000__Jan 1 '36
34ig'95J-J
sf$100,000__Jan 1 '25 34ig'96J-J
sf10,000__Jan 1 '37
3A g'95J-J
250,000_Jan 1 '25 34ig'96J-J
740,000__Jan 1 '37
3A g'96J-J
100,000__Jan 1 '25 3h g'97J-J
sf480,000__Jan 1 '37
Payable from taxation.
Arrearage of Co. Taxes Bonds.
School-Building Bonds.
4s '84 J-J
$549,000-..July 1 '24 33ig'96.1-J
$100,000.. Jan 1 '24
Flatbush Sewer Bonds.
34ig'95J-J
32,000.. Jan 1 '25
34ig'95F-A
$10,000Aug 1 '18-19 344g'96J-T
100,000__Jan 1 '25
34ig'95F-A
6,000.. Aug 1 '20 34ig'96J-J
50,000.__Jan
1 '26
34ig'97F-A
63,000Aug 1 '21-27 346g115.1-,T
sf10,000__Jan 1 '35
34ig'97F-A
7,000--Aug 1 '28 34ig'95J-J
208,000__Jan 1 '35
Local ImprovementBonds.
{
95J-J
282,000__Jan 1 '36
3 '90 J-J
sf$200,0001Jan1'19-24 34ig'96J-J
sf100,000__Jan 1 '36
400,000j
34ig'96J-J
192,000..Jan 1 '36
3'93 J-J
07,000_ _Jan 1 '21 344g'97J-J
sf5,000_ _Jan 1 '37
34,6 '92 J-J 1 sf100,0001 1919-1920 34g'97J-j
245,000 .Jan 1 '37
1
100,0001
Local
Improvement
Bonds.
34i '93 J-J
sf40,000__Jan 1 '21 4 '95 J-J
$100,000__Jan 1 '25
4 '93 J-J
100,000__Jan 1 '20 4 '95 J-J
100,000__Jan 1 '26
4 '93 J-J
8.000__Jan 1 '21 4 '95
J-J
100,000__Jan 1 '27
Sewer Relief & Ext. Fund Bds.
4 '95 J-J
100,000....Jan 1 '28
3'89 J-j
sf$67,000__July 1 '22 4
'95 J-J
35,000 ..Jan 1 '20
3'90 J-J
sf50,000__July 1 '22
100,000_ _Jan 1 '30
3 '90 J-J
400,000July1'23-26 3ig'96•74
34i '92 J-J
43,000__Jan 1 '22
Gravesend Local !ma. Bonds.
344 '92 J-J 1 sf200,0001 1923-1926 34ig'95J-J
sf$13,000_Dec 17 '25
1
34ig'97J-J
200,0001
8,500...May21 '25
34.6 '92 J-J
sf75,000__Jan 1 '27 34ig'95J-J
100,000_July 10 '32
34i'92 J-J
125,000__Jan 1 '27 344g'95j-J
100,000_July 10 '33
34i '95 J-J
sf50,000__Jan 1 '33 345g'95J-J
100,000_July 10 '34
4 '94 J-J
100,000 ..Jan 1 '31
Memorial Monument Bonds.
4 '94 J-J
100,000_ _Jan 1 '32 34ig'96J-J
$10,000_
_Jan 1 '24
' New York Bridge Bonds.
344g'96J-J
10,000 Jan 1 '25
7 '71 J-J
$1,000__July 1 '14 344g'96J-J
10,000_
_Jan 1 '26
7 '72 J-J
1,000__July 1 '17
g'96J-J
10,000_ _Jan 1 '27
7 '72 J-J
100,000_ _July 1 '18
Museums of Art & Science Bds.
7 '72 J-J
104,000_ _July 1 '19
$100,000_ _Jan 1 '25
7 '73 J-J
190,000_ _July 1 '20 346g'95J-J
7 '73 J-J
100,000__Jan 1 '26
191,000__July 1 '21 34ig'95J-J
sf25,000__Jan 1 '27
7 '73 J-J
154,000....July 1 '22 34ig'97J-J
7 '74 J-J
92,000_ _Jan 1 '27
65,000.._July 1 '24 3Ag'97J-J
New York & Brooklyn Bridge.
Public Market Bonds.
5 '79 J-J
$250,000_ _July 1 '18 34ig'96 J-J
sf$25,000__Jan
1 '24
5 '80 J-J
810,000__July 1 19 34ig'96 J-J
65,000_ _Jan 1 '24
5 '80 J-J
319,000__July 1 '20
Public Site Purch. St Construc.
4 '81 J-J
371,000__July 1 '21 3 '89 J-J
$100,000__July 1 '20
4 '81 J-J
400,000.._July 1 '22 3 '89 J-J
sf100,000_ _July 1 '21
4 '81 J-J
200,000 __July 1 '23 3 '90 J-J
sf70,000_ _July 1 '22
4 '82 J-J
257,000..July 1 '25 3 '00 J-J
30,000_ _July 1 '22
.4 '83 J-J
300,000..July 1 '27 3 '90 J-J
0100,000_
_July 1 '23
4 '83 J-J
356,000..July 1 '28 3 '90 J-J
st100,000_
_July 1 '24
3 '91 J-J
sf*60,000__Jan 1 '22
Public Market Bonds.
3 '91 J-J
300,000 Jan 1 '23-25 3 '91 J-J
$250,000__Jan 1 '18
3W92 J-J
40,000_ _Jan 1'22 3 '91 J-J
250,000_ _Jan 1 '19
34i'92 J-J
600,000 Jan 1 '26-31 4 '94 J-J
900,000 Jan 1 '20-22
4 '94 J-J
100,000__July 1 '25 4 '94 J-J
309,000_ _Jan 1 '23
4 '94 J-J
100,000 July 1 '26
Soldiers' & Sailors' Monument.
4 '94 J-J
75,000_ _July 1 '27 4 '94 J-J
$100,000_ _Jan 1 '25
3W92 J-J
800,000 Jan 1 '23-26
School-Improvement Bonds.
3 '92 J-J
400,000July1'23-26 3 '89 J-J I sf$5,0001Jan
21
3 '92 J-J
100,000..-Tan 1 '27
195,0001
1919-20
33'92 J-J
100,000.. _July 1 '27 3 '90 J-J 1 sf100,000__Jan
1 '19
3 '93 J-J
sf50,000__Jan 1 '27 3 '90 J-J
sf100,000_ _Jan 1 '20
3W94 J-J
sf32,000__Jan 1 '27 3 '90 J-J
sf100,000_
_Jan
1
'21
School-Building Bonds.
3 '90 J-J
sf100,000__Jan 1 '22
3 '91 J-J
350,000__Jan 1 '19 3 '90 J-J
sf80,000__Jan 1 '23
3 '93 J-J
sf87,000__Jan 1 '20 3 '90 J-J
20,000__Jan 1 '23
3 '93 J-J
sf75,000__Jan 1 '21
34c92 J-J
Payable from assessments.
100,000..Jan 1 '19
3W93 J-J
40,000__Jan 1 '23
Cons. Stock-Cons. of Sewers.
4 '93 J-J
100,000__Jan 1 '20 34ig'95J-J
$250,000__Jan 1 '25
344'95 J-J
sf100,000__Jan .1 '23 33ig'96J-J
175,000__Jan 1 '36
34r95 J-J
sf100,000__Jan 1 '24
Local Improvement Bonds.
34c95 J-J
sf18,000_ _Jan 1 '25 4 '94 J-J
$300,000 Jan 1 '20-22
4 '94 J-J
100,000Jan 1 '20 3W95 J-J
st100,000 _ _Jan 1 '23
4 '94 J-J
50,000__Jan 1 '21 3W95 J-J
sf100,000__Jan 1 '24
4 '94 J-J
100,000-. Jan 1 '22
Ward Sewer Bonds.
Cons.Stk.-County Deficiencies.
'94 J-J
$300,000 Jan 1'19-21
34ig'96J-J
sf$48,000_ _Jan 1 '27 4 '95 J-J
100,000_ _Jan 1 '26
Training School (Cons. Stock). 345'95 J-J
sf100,000__Jan I '24
34ig'97J-J
$90,000__Jan 1 '37 3W95 J-J.
sf50,000__Jan 1 '25
Public Library Bonds.
4 -'94 J-J
100,000__Jan 1 '22
344g'97J-J
$5,000__Jan 1 '37 4 '94 J-J
100,000-.Jan 1 '23
High-School Bonds.
34ig'95J-J
50,000....Jan 1 '25
346g'97J-J
sf$24,500__Jan 1 '27 34ig'96J-J
100,000..Jan 1 '27
TOWN OF GRAVESEND.
5 '91 J-J
224,000July2'23-30
Payable from assessments.
5 '92 J-J
16,000July2'23-30
Local Improvement Bonds.
5 '93 J-J
40,000July2'23-30
5 '92 J-J
$180,000._Jan 1 '33 5 '92 J-J
3,000_ _July 2'31
5 '93 J-J
150,000-.July 1 '33
Payable from taxation.
5 '93 J-J
127,000_ _Jan 1 '34
Improvement Bonds.
4 '98 J-J
300,000_ _July 1 '39 5s Local
'94 J-J $40,000_ ---July 1 1934
Sewer Improvement Bonds.
3W89 J-J
356,000July2'19-25
TOWN OF NEW UTRECHT.
3W89 J-J
2/ ,000July2 26-28
Payable from Assessments.
3. 5'88 J-J
20,000 Oct4'18-27
Street-Improvement Bonds.
4W88 J-J
59,400 Jan 2'19-27 5s '94 J-J $72,000.._ _Jan 1 '19-54
5 '91 J-J
6,000-. July 2'21 5s '94 J-J 72,000_ __Jan 1 '19-'54
5 '91 J-.1
6,000.. _July 2'22 58 '94 J-J 72,000___Jan 1 '19-'54
6 '92 J-J
3,000_ _July 2'22 58 '94 J-J 72,000-_ __Jan 1 '19-'54
5 '91 J-J
48,000July2'23-30 58 '94 J-J 72,000-._ _Jan 1 '10-'54
5 '92 J-J
24,000July2'23-30
TOWN OF FLATBUSH.
5 '93 J-J
56,000July2'23-30
5 '92 J-J
3,000__July 2'31
Payable from Taxation.
5 '93 J-J
7,000_ _July 2'31
Sewer Bonds.
5 '93 J-J
7,000_ _July 2'32 340'89 J-J $12,000_July 15 '18-'19
5 '91 J-J
28,000 ..July 2'21 340'89 J-J
5,000_ _July 15 1920
5 '91 J-J
28,000__July 2'22 3%s'89 J-J 24,000_July 15 '21-'28
5 '92 J-J
2,000_ _July 2'22 4s '89 J-J 99,000_July 15 '18-'28




[VoL. 106.

TOWN OF NEW LOTS.
Union Free S. D. No. 4.
Payable from Assessments.
4s '94 F-A $64,000__Aug 1 '18-'49
Street-Improvement Bonds.
1,500_Aug 1 '18-'19
5s '96 F-A
4s '86 J-J 3220,000_July 15 '18-'25
Union Free S. D. No. 6.
6s
'93
J-D
15 '18-'22
$1,250-Dec
KINGS COUNTY.
5s g '97 J-D 11,000_ _Dec 1 '18-'28
Payable from Taxation.
4,000_Dec 28 '30-'33
Public Building Impt. Loan. 5s '97 J-D
Union Free S. D. No. 7.
4s '95 M-N$25,000_ _ May 1 1919
Jan 1 '19-'37
Driveway and Parkway Loan. 4s '92 J-J $19,000-.
7,000__Aug 1 '18-'24
48 '95 __ $1,500.000__July 1 '18-t2 4s '95 F-A
4s '95 J-J 100,000___ _Jan 1 1033 48 '95 M-S 12,000__Sept 1 '18-'29
5s '97 F-A 72,000.. Aug 1 '18-'53
Park Fund Loan.
4s'95 M-N$1,300,000_May 1 '19-'44 5s g '97 M-S 125,000_Sept 10 '50-'74
Union Free S. D. No. 8.
4s'95 J-J
400.000_July 1 '33-'40
49 '96 A-0 $18,000„Apr 1 '19-'27
Street Inlet. Fund Bonds.
4s '95 J-J $200,000__July 1 '18-'19 5s g '97 A-0 75,000-...Oct 1 '30-'54
Union Free School Dist. No. 10..
48 '95 J-J1,050,000_ _July 1 '20-'26
55 '97 Aug $3,000....Aug 1 '18-'23
LONG ISLAND CITY.
55 '97 Sept 2,000_ _Sept 1 '25-'28
Payable from the •sinkinq fund of
Town Hall Land Bonds.
Long Island City for the redemption of 4s '95 J-J
$14,000__July 1 '18-'24
fire bonds under the provisions of 4s '95 J-J
2,000_ __Mar 18 1925
Chapter 122 of the Laws of 1894.
VILLAGE OF JAMAICA.
Fire Department. Bonds.
Payable from Taxation.
430'94 M-N$35,000_ _ .May 1 1924
Street-Improvement Bonds.
Payable from Water Revenue.
4s g '97 A-03180,000_ _Jan 1 '19-'36
Water Bonds.
4s g '97 J-J 180,000_ _Jan 1 '19-'36
340'90 M-N$10,000_ _ _ May 1 1920
340'91 M-N 8,000_Nov 1 1921 VILLAGE OF RICHMOND HILL.
Payable from Taxation.
340'94 J-D
5,000___ _Dec 1 1924
Highway Improvement Bonds.
340'94 J-J 17,000___Dec 31 1919
4s
g
'06
J-J $50,000_ _July 1 '26-'35
Funded Water Debt Bonds.
5s '88 M-S $15,000 _ _Sept 1 1918 4s g '97 M-N 70,000__May 1 '37-'50
5s '89 M-S 15.000____Sept 1 1919 4s g '95 M-S 40,000_ _Sept 1 '18-'25
Sidewalk Improvement Bonds.
Payable from Taxation.
Debt of Long Island City for 4$ g '97 J-D $150,000_ _June 1 '52-'81
Village-Hall Bonds.
Newtown Debt.
g '95 M-S $8,000....Sept 1 '18-'25
5s '93 M-S $15,000_ _ _Sept 1 1923 4s Fire
Equipment Bonds.
5s '94 M-S 15,000____Sept 1 1924
4s
g
'95 M-S $5,000_ _Sept 1 '21-'25
55 '95 M-S 15.000__Sept 1 1925
TOWN OF HEMPSTEAD.
4s '90 M-S 15,000____Sept 1 1920
Payable from Taxation.
4s '91 M-S 15000-._ Sept 1 1921
Macadam Road Bonds.
4s '92 M-S 15,000_ ___Sent 1 1922
6s '88 P-A 16.000____Feb 1 1919 4$ g '93 J-J $127,000___ _July 1 1923
Union Free School Dist. No. 18.
4s '90 F-A 16.000- _ _Feb 1 1920
5s '97 Jan $20,000_ _Jan 1 '19-'38
Survey and Man Bonds.
Union Free School Dist. No. 23.
5s '88 J-J $4,500____July 1 1918
5.4 '89 J-J
9,000.._ _ _July 1 1919 5s"97 F-A $62,000__Aug 1 '18-•'79
5. '00 J-J . 9.000___ July 1 1920 5s g '97 M-S 65,000-. Sept 1 '37-'49
Hempstead School Districts Nos.
Ss '91 J-J
9,000____July 1 1921
Ss '91 J-J
9,000_ _ July 1 1922 1, 8, 9, 10, 11, 14, 15, 17, 20, 21, 24
5.4 '93 J-J
9,000....__July 1 1923 and 28 will be found on page 59.
55 '04 J-J
TOWNS OF HEMPSTEAD,
8,000_ _ __July 1 1024
FLUSHING AND JAMAICA.
Ss '95 J-J
8,500_ _July 1 1025
Payable from Taxation.
General Imorovement Bonds.
440'94 J-D $51.000___Dec 20 1918
Bonds of Un. Fr. S. D. No. 27.
440'94 J-D 50.000__Dec 20 1919 55 '97 A-0 316,000__July 1 '18-'33
440'94 J-D 50.000_Dec 20 1920 VILLAGE OF FAR ROCKAWAY.
440'94 J-D 50,000_Dee 10 1921
Payable from Taxation.
4 s'94 J-D 50,000___Dec 10 1922
of Streets and Avenues.
434s'94 J-D 50,000___Dec 10 1923 5s Impt.
'97
J-J $3,000__Jan 1 '19-'21
INTEREST is payable by the City
'97 J-J 61,000_ ___Jan 1 1922
of New York-registered interest at 5sSewer
Bonds.
the Chamberlain's office and coupons 3%s'97 J-J
$15,000_ _Jan 1 '19-'25
at the office of the Comptroller of
VILLAGE OF ROCKAWAY
New York City.
BEACH.
TOWN OF NEWTOWN.
Payable from Taxation.
Payable from Taxation.
Street Improvement Bonds.
English Kills Gold Road Bonds. 5* '97 J-J $8,000__Jan 1 '19-'20
444g'97 J-D $20,000_ _ _ _June 1 1927
VILLAGE OF ARVERNE-BYRoad Bonds.
THE-SEA.
43.4g'97 J-D $600.000_ __June 1 1927
Payable from Taxation.
Union Free Sch. Dist. No. 1.
Bonds.
Drainage
4s '97 J-J $18.000_ _June 1 '19-'27
48 '97 J-J
9,000_ _Jan 1 '19-'27 53 g '97 M-N $1,000_ __ _May 1 1919
5s g '97 J-D
2,000_ _ _June 15 1920
Union Free Sch. Dist. No. 2.
3,000___June 15 1921
58 '97 J-J $6.000_ _July 1 '19-'24 5s g '97 J-D
5s g '97 J-D
3,000__ _June 15 1922
Union Free Sch. Dist. No. 4.
1,000_ __June 15 1923
'96
F-A 93.600_ Aug 1 '18-'26 5s g '97 J-D
Highway Bonds.
Union Free Sch. Dist. No. 5.
5s '97 J-J $18,000„Jan 1 '19-'27 5s g '97 M-N$40,000....May 1 '20-'27
Street Bonds.
Union Free Sch. Dist. No. 9.
_June 15'20-25
5s '01 A-0 $3.000_ _Oct 1 '18-'20 5s g '97 J-D $60,000_
4,000.. _June 15'20-23
5.s g '97 J-D
Union Free Sch. Dist. No. 10.
Sidewalk Bonds.
Ss '93 M-S $4,500__Mar 1 '19-'21
Ss '07 J-D 17,50(L _Dec 1 '18-'27 5s g '97 J-D $40,000_ _June 15'20-23
Village Building Bonds.
54 '97 J-D
9,000_Dec 28 '18-'26
55 '96 J-D $7,000.. Dec 1 '18-'24
Union Free Sch. Dist. No. 12.
COUNTY OF QUEENS.
5s '95 J-J $2.000_ _Jan 1 '10-'22
The debt of the county of Queens
Union Free Sch. Dist. No. 14.
5s '93 M-N $1,000 _May 1 '18-'20 is reported under the county's own
58 '07 J-J 20,000_Jan 1 '19-'28 name on a subsequent page; the
amount of the original debt which
TOWN OF FLUSHING.
was chargeable to the City of New
Payable from Taxation.
Bell Ave. Improvement Bonds. York was adjudicated finally to be
4s g '94 A-0 R8,000_ _Oct 1 '18-'19 $3.796,032.11, leaving $1,011,967.89
as Nassau County's share of the old
Macadam Road Bonds.
4s '47 M-S $5.000 _Sept 1 .18-'19 indebtedness. Instead of apportioning certain bonds to N. Y. City and
Union Free Sch. Dist. No. 5.
4s '41 M-S $24.090_S-pt 30 '18-'29 to Nassau County, the debt and in4s '92 M-S lo,non_Sept 30 '30-'34 terest is not divided, but N. Y. City
4s g '97 F-A 45,090..Aug 1 '18-'26 pays 78.952414973% of the principal
4s g '97 F-A
2,500_ _ _Aug 1 1927 and interest as it becomes due, and
Nassau County 21.047585027%. The
Union Free Sch. Dist. No. 7.
4s '97 F-A $47.5110_ .Aug 1 '18-'36 Comptroller of N. Y. City acts as
4s g '47 M-N 20.000-.Nov 16 '37-'44 agent in the payment of the debt.
The amount of Queens County bonds
VILLAGE OF FLUSHING.
outstanding on Apr. 30 1917 was
Pavable from Taxation.
$690,000, of which $536,876 was
Funded Bonds of 1894.
48 '44 A-0 32,000_ _Oct 1 '18-'10 chargeable to New York City. For
details of bonds see "Queens County'
Stand oi on Bonds.
4s ct '97 J-T) 14,000 __June 1 '19-'32 on a subsequent page.
Street Improvement Bonds.
COUNTY OF RICHMOND.
s g '96 A-0 120,000_ _Oct 1 '19-'48
Payablefrom Taxation
Road Bonds.
VILLAGE OF COLLEGE POINT.
5s g '94 J-D $75,000_ _ __June 1 1919
Payable from Taxation.
5s g '94 J-D 15,000...._ _June 1 1919
Imnrovement Bonds.
340117 J-D 1141.400_ _Dec 1 '18-'26 4 g '95 J-D 35,000__ __Juno 1920
4s g '95 F-A 100,000_ _ _ _Aug 1920
Payable from Water Revenue.
4s g '96 J-D 150,000_ __ _June 1 1921
Water Tower Bonds.
4s '97 F-A $25,00(L. _ _Aug 1 1937 4s g '97 J-D 190,000_ _ _June 1 1922
'96 J-D 18,000_ _ _ _June 1 1921
VILLAGE OF WHITESTQNE. 4s g '97
J-D
4s g
1 1922
Payable.from Taxation
4s g '97 A-0 230,000-__Oct 1 1922
Improvement Bonds.
TOWN OF MIDDLETOWN.
5s '96 J-D $20.000__Dec 1 '18-'21
Payablefrom Taxation.
beg '97J-J
6,000_ _July 1 '18-'19
Road Bonds.
Ss g '97 J-J
12.000..July I '20-'22
5s g '97 J-J 20,000_ _July 1 '23-'26 5s g '97 J-J $130,000__ _July 1 1927
Refunding Bonds.
Payable from Assessments.
4s g '97 A-0 $7,000_ _Oct 8 '18-'25
Sewerage Bonds.
6s '94 F-A $164.59 _ _ _ _Feb 9 1902 TOWNS OF MIDDLETOWN AND
Payable from Water Revenues.
SOUTH FIELD.
Water Bonds.
Payablefrom Taxation.
4468'92 J-J $30000..--..July 11922
Union Free Sch. Dist. No. 2.
440'93 J-J 22,000..-... _Jan 11023 Ss '94 J-D $54,000.. _Dec 24 '18-'44
440'94 J-J
7,500.. Jan 11024
TOWN OF NORTHFIELD.
TOWN OF JAMAICA.
Payable from Taxation.
Payable from Taxation.
Road Improvement Bonds.
Macadam Road Bonds.
55 '97 J-D$150,000_ _ _ _Juno 1 1927
4s g '97 J-J $450.000 _ _ _ _Jan 11026
Union Free School Dist. No. 5.
School District No. 1.
5s '94 M-N $2,000__Nov 1 '18-'19
440'97 J-J $50.000_ _July 1 '27-'76
Union Free School Dist. No. 6
Union Free S. D. No. 2.,
(Port Richmond).
5s '95 A-0 $6,000_ _Apr 1 '19-'24 54 '97 June $8,000_June 23 '18-'21
Its '95
5.000-Nov 15 '20-'24 5s '07 Juno 1,000_ _ _June 23 1922

JUNL, 1918.J

NEW YORK-CITIES AND TOWNS.

NORTH DANSVILLE UNION
NEW YORK CITY (Concluded.)
FREE SCH. DIST. NO. 1.
TOWN OF SOUTHFIELD.
School Bldg. Bonds.
Payable from Taxation.
53 '12 J-D $22,000r($2,000 YIY.)
Refunding Bonds.
4s '91 J-D $7,800__Dec 1 '18-'30 BOND. DEBT Oct 1 1917 $22,000
6,600___ _Dec 1 1931 Assess. val., real estate__ 1,933,558
156,639
Assess. val , personal_ _ _ _
Road Bonds.
5s g '97 J-D$115,000_ _ _Dec 20 1927 Total assessed val. 1917
2,150,197
53 6_ '97 J-J $140,000_ __July 15 1927 (60% actual)
Union Free School Dist. No. 3. School tax rate (pet M)'17.821.11 +
$900____Jan 1 1919
5s '96 J-J
NORTH HEMPSTEAD.
TOWN OF WESTFIELD.
This town (P. 0. Manhasset) is in
Payable from Taxation.
Nassau Co. Population 1915, 23.687
Road Bonds.
East Williston Water Bonds.
53 '97 J-J $80,000_ __July 15 1922 4s
J-J 314,000__July 1 1932
4s '95 M-N 35,000_ _Nov 1 1920
Barrow Beach Bonds.
Union Free School Dist. No. 5.
1923
J-J 39,000____Jan
6s '96 J-J $1,000_July 20 '18-'19 430
Town Hall Bonds.
TOWN OF CASTLETON.
$4,000_ _July 1 '18-'19
48 '05 J-J
Payable from Taxation.
M-N 3,000
434s
May1919
Union Free School Dist. No. 3.
Roslyn Park Bonds.
5s '97 J-J $12,000__Jan 1 '19-'22 5s'13 M-N$13.000__May 1 '18-'30
Roslyn Landing Improv. Bds.
VILLAGE OF TOTTENVILLE.
$7,200__July 1 '18-25
4 Sig'09 J-J
Payable from Taxation.
Street Improvement Bonds.
Water Bonds.
3346'97 M-S $10,800__Sept 1 '18-'26 4346'09 J-J $10,000__July 1 '18-'27
19,000c_July 1 '25-'34
4 34g'09 J-J
Sewer Bonds.
1927
J-J
10,000---Jan
3Sig'97 A-0 $7,200- .Oct 1 '18-26 43-0
8,000_ ___Jan
4s
1921
J-J
Road Bonds.
Public Dock Bonds.
3346'97 A-0 $4,000__Oct 1 '18-25
430 g M-S $17,000__Mch 1 '18-'34
Road Bonds.
NIAGARA PALLS.
J-D $16,000____Deo '18-'25
This city is in Niagara County and 4s
24.300r_July 1 '18-25
J-J
is now under City Manager plan of 4s
7,2000.. Jan 1 '18-'25
J-J
'05
48
1892.
17
Mar.
government. Incorp.
18,000.___July 1 '18-35
4346'09 J-J
City-Hall Site Bonds.
9,0000_ _Jan 1 '20-'28
s-an
g
130
1933
1
_July
68,800_
g
J-J
bs '13
7,500c__Jan 1 '20-'26
43is g s-a
Market Bonds.
J28,500____Nov 1 1931
430'12 J-J $39,400r___July 1 1932 4.60s M-N 179,500____Nov
1 1942
Bonds.
School
Jan 1927
20,000
J-J
1918 43is
M-N $5,000r
4s
1 '18-'42
22,500r -1918-1922 bs '13 M-N 10.825__MaY
4s '95 J-J
Great Neck Park Dist. Bonds.
24,000r -__ -1923-1927
4s '97 J-J
$40,000.. Oct 1 '26-'45
4s g '01 A-0 27,000r_A&O 1921-25 4.10s'16A-0
Place Wat. Dist. Bonds.
Carle
'26-41
_July
150,000r__
J-J
g'01
4s
330,000_ _Sept 1 '20-'34
'15
_s
M-S
3 Sis g'02 M-N35,000r_ _May 1 '28-45
Roslyn Water District Bonds.
4s g '06 A-0 69,419r_ _Apr 1 '29-35 4.80sg'10M-N
$87,300-Nov 1 '18-'30
_July
'33-'38
1
59.000
bs g '13 J-J
Westbury Water Dist. Bonds.
813,000_1i ob 1 1921
$52,000....May I '18-'30
430'17 F-A *12,000_ _ _Feb 1 1922 4.35311M-N
Great Neck Sewer.
*50,000_Feb 1 '23-'27
1 1965
*13,000_ _Feb 1 1928 4%8'15 M-N$150,000_ _May
Manhasset-Lakeville Water.
1928
1
*15,000___Nov
M43s'17
____1917-1932
1145.000
s-an
'12
_s
17,500 ____1918-1921
4s
--Albertson Water District Bds.
4s
_ 140,000 _ __ _1928-1935 4Xs
F-A 333,250__Feb 1 '19-'37
Bridge Bonds.
Almshouse Bonds.
$6,000- _July 1 1931
430'11 J-J
1927 58
330.000____Feb 1 1945
5,000
45 07 J-J
Bridge Bonds.
Water Bonds.
4sg'06 J-J $14,500r_July 1 1926 4346'06 F-A J$5,000c___Aug 1 1921
1924
110,000c_ __Aug 1 1926
3,000r
J-J
43'04
A-0
1,000c__Oct 8 '19-'21
4s g '09 J-J 300.000r_Jan 1 '19-'34 5s g
Water Bonds.
4 Sisg'10J-J 400,000rJan 1 1940
4348'11 J-J 360,000Jan 1 '41-'49 4.60s17 J-J $200,000.July 1 '22-'37
1930
BOND. DEBT May 1915 3410.000
17,000r__ _ _Jan 1
4s g '12 J-J
65,000___July 1 1934 Assess. val. real estate '15 30,120,673
00'14 J-J
1920-1932 Total assessed val. 1916_31,768,588
38,000
43015 J-J
4Xs'16M-S J60,000r_Sept '1 '32-'35 Total tax (per 81,000) 1913_413.35
112,000r_ _ _ _Sept 1 1936
INT. on loan of 1905 payable at
Grade-Crossing Bonds.
Nassau Co. Bank; on 4 SS% road bds.
4146'11 J-J $45,000r_Jan 1 '21-'25 at First Nat. Bank of Mineola; other
1936-1954 loans at office of Supervisor.
43015 J-J 190.000
* Police-Station and Jail Bonds
430'17 A-0 $57,000--- _Apr 1 1927
NORTH HEMPSTEAD (TOWN)
Fire Bonds.
SCHOOL DIST. No. 2.
430'11 J-J $42,500rJuly 1 1931
1922-1924
17,000
This district (P. 0. East Williston)
48 04 J-J
Is in Nassau County.
Sewer Bonds.
1921
$1,000r
School Building Bonds.
4s '00 J-J
4s '99 M-N 15,000r ..May 1 1919 53 '17 J-J $:15,000r
68,000r__ July 1 1920
(Duo beginning Jan. 1 1924 and
4s '00 J-J
annually thereafter).
4s '01 M-N 115,000r- _Nov 1 1921
5,000r ___Jan 1 1922 BOND.DEBT July 1917_
4s '02 J-J
$42,500
27,000r_ ..Nov 1 1922 Floating debt
4s '02 J-J
2,000
4s '03 A-0 14,500r-Oct 1 1923 Assessed valuation
2,225,000
_July
'21-'24
1
32,000r
J-J
'04
INT.
is
4s g
payable at First Nat.
56,000r_ _July 1 1926 Rank, Mineola.
4s g '06 J-J
1924
5,000r
4s '04 J-J
1928
70,500r
4s g '08 J-J
45,500r___ _Jan 1 1929 NORTH HEMPSTEAD UN.FREE
43ig'09 J-J
SCHOOL DIST. NO. 4.
1923
5,000
--4s
This district (P. 0. Port Washing20,000r______Jan 1 1930
4 Wel° J-J
ton) is in Nassau County.
• g '10J-J f92,000_ _Jan 1 '30-'33 430'08 J-J t103,000r_Jan
1 '28-'48
122,000__Jan 1 1934 4 Xs'16
M-N110.000_ May 1 '36-'57
4306'12 J-J 66,500__Jan 1 1930 BOND. DEBT
May 1917_ $236,000
4 Xs'14 J-J 160,000__Sept 1 '38-'41 Assess. valuation 1916_
....6,860,000
bs '14 J-J 112,800___July 1 1934 School tax (per $1,000) 1-916_
49.10
32,000__Feb 2 '17-'18
bs '14 J-J
INT. payable at Bank of North
430'15 M-N 75.000-..May 1 '35-'37 Hempstead in N.Y.
exchange.
'35-'37
1
4.104'17 J-J J*120,000_Jan
1 *72.000.Jan 1 '38-'40
NORTH HEMPSTEAD UN. FREE
Paving Bonds.
SCR. DIST. NO. 6.
4 Xs'17-___$80,000r_July 1 '18-27
This district (P. 0. Manhasset) is
4%s'17 M-N 10,000r_Nov 1 '19-'23
In
Nassau County.
1
'19-'23_
10,000_Nov
M-N
5.4 '17
Building Bonds,
10,000__Nov 1919-23
as '18
4.45s'14J-D 380.000__Dec 1 '24-33
Municipal Building Bonds.
4 Xs'17 M-N $15,000r_Nov 1 1927- (Coupon with privilege of registrat'n)
4.70s17M-N 15,000- Nov 1 1927 130ND. DEBT Apr. 1917 $82,200
Assessed valuation 1917_ _ _3.078.000
Certificates of Indebtedness.
INT.at First Nat. Bank, Mineola.
$1,800rJan 1 1920
bs '10 J-J
1917-1923
7,000
53 '13 J-J
1917-1922 NORTH HEMPSTEAD UNION
6,000
J-J
bs
FREE SCHOOL DIST. NO. 7.
8,000__July 1 '17-24
bs '14 J-J
BOND. DEBT Apr 1918_$3,563,219 58 '13 A-0 $80,000c.. Oct 1 '23-32
BOND.
DEBT May 10 '18 $82,200
.1,269,500
(included)....
bonds
Water
40,328.705 Assessed valuation 1917..--3,750.000
Assess. val. real
Asse.ss.val.spec.franchises. 2,276,415 Tax rate (per $1.000) 1917_$10.50
INT.at U.S. Mtg.& Tr.Co.,N.Y
104.000
Assess. val. personal
_42,709.120
'rot. asses. val.
1917-$10.57 NORTH HEMPSTEAD UN. FREE
'17-'18_Total tax (per $1.000)
Pop'n 1915, 42.257; '17 (est.) 50.210 45SCHOOL DIST. NO. 10.
'00 --- $4,000
1920
*INT. at Hanover Nat. Bk., N.Y.
5s '08
22,000
1928
6s '15 J-J 1315,000...July 1 '19-28
NISKAYUNA.
1 25.000....July 1 '29-'33
This town is in Schenectady Co.
BOND. DEBT May 10 '17 $25,000 BOND. DEBT Apr 1918_ 866,001
Assess. val. real estate_ _ _ _1,737,851 Assessed valuation 1917.... _2,018,486
_1,938.170 Tax rate (per $1.000) 1916_114.50
Tot. val. '17 (60
INT.at First Nat. Bank, Mineola,
$1,000)'17310.61
'rot. tax rate (per act.)_Pop'n in '15, 2,607; '17 (est.), 2,900 InNew York exchange.
NORTH PELHAM.
NORTH COLLINS.
This village (P. 0. Pelham) is in
This village is in Erie County.
Westchester Co. Inc. Aug. 29 1896.
Incorporated in 1896.
Street improvement Bonds.
Water Bonds.
430'15 s-an $35,000-----1919-1943 4.40s12F-A $26,850r_Aug 1 '18-41
28,125__May 1 '18-'32
TOTAL DE BT Apr 8 1918 $35,000 4.30s12___
36.3509 5s '98 J-D 16,500r_J'ne 17'18-'28
Assessed val., real estate_ $39,48
Sewerage Bonds.
l_
As.sessed val., persona__
5,996 58- $1.600__Oct 1 '18-'22
Other asses. property_ _ _ _
405,835 4.45s'08g-N 46,200r_Nov 15 '18-'38
Total assess. val. (actual)._
Tax rate (per $1,000) 1917__$11.13 55 '11 A-0 13.000_ _Oct 1 '18-'30
8.100_Auct 1 '18-'26
Pop'n 1915, 1,068; 1918 (est.) 1.100 5s '12 -




TOTAL DEBT Oct 1916._ $152,320
Floating debt
8,000
Assessed val. real est. 1916_2,520,982
Village tax (per $1,000) 1916 $13.14 4Population 1910, 1.311; 1915, 1,874
INT. at Village Treas. office.
NORTHPORT.
This village is in Suffolk County.
Street Bonds.
45%s'17 F-A $40,000-Aug 1 '18-'37
TOTAL DEBT
(7)
2,527
Population in 1915
INT. payable at First Nat. Bank,
Northport.

71
Sewer Refunding Bonds.
430'16 M-N$50.000r_MaY 1 '21-'45
BOND.DEBT Mar 1 1918 $293,000
Water debt (included)____ 241,500
Assess. val., real estate_ _3,600,000
Total assess. val. (80%
act. 1917
3.600,000
Total tax rate (per $1,000)'17 $11.30
4,315
Population 1915

OAKFIELD.
This village is in Genesee County.
Incorporated in 1858.
Water-works bonds
$35,000
BOND. DEBT Apr 1 1918-$35,000
575,410
Assess. val. real estate
NORTH TARRYTOWN.
14,250
Assess. val. personal
'rids village is in Westchester Ce. Other assessable property__
7,075
Inc. 1874. Population 1915. 4,877. Total assess. val. 1917596.735
Fire Department Bonds.
Total tax rate (per $1,000) '17 $9.60
5s '13 J-J
$7,000__July 1 '18-'24 Population in 1915
1,307
Sewer Bonds.
3.303 --- 37,000-Aug 1 '18-'23 OGDENSBURG.
434s'16 ___ 16,000-May 1 '19-'26
This city is in St. Lawrence Co.
Street Bonds.
Inc. as city 1868. Pop'n '15. 14,338.
430'11 J-J $60,000r_July 1 '18-'27
Railroad Crossing Bonds.
4.20s'12 J-J 72,000r_July 1 '28-'39 48 '16 J-D $14,200__June 1 '19-'36
BOND. DEBT April '17_ 3171.000
Sewer Bonds.
Assessed vain, real estate_4,510,265 430'14 A-0 $8,000c_Apr 1 '19-'34
Total assess. val. 1916____4,722,805
Improvement Bonds.
Tax rate (per $1,000) 1916_413.07 430'13 M-S $44,100__Aug 1 '18-32
INTEREST at Tarrytown Nat.
Assessment Notes.
Bank in N. Y.exchange.
53'11-15Nov $5,385___Nov 1 '18-20
School Bonds.
$2,250o_July 1 '18-'20
330'00 J-J
NORTH TONAWANDA.'
This city is in Niagara County. 330'05 M-N 15,750c__May 1 '19-25
Inc. Apr. 1897. Pop'n 1915, 13,498. 4s '09 M-N 19,250o_May 1 '19-'29
Deficiency Bonds.
Paving Bonds.
430'09 J-D $2,900__June 1 '19-'19 4348'15 A-0 $6,750c_Apr 1 '19-'24
Refunding Bonds.
43011 A-0
3,400__Oct 1 '18-'21
430'13 J-J
10,250r_Jan 1 '19-'23 43014 M-S $8,0000_Sept 1 '18-'33
430'14
20,100__Jan 1 '19-'24 48 '10 J-D 31,500c_June 1 '21-'28
430'14
36,050__Aug 1 18.'24 4s '16 J-D J1,000_1928 & 1930
192S
14,000
434
.11'15 J-D 61,050r_June 1 '19-'25
Water-Works Bonds.
Street Bonds.
$1,500o_July 1 '19-'20
4s '17 J-J 1$36,000__July 1 '18-'26 330'00 J-J
3,200o_July 1 '18-'21
1 6,000...... _July 1 1927 334801 J-J
55 '17 A-0 25.000--Oct 1 '18-'27 45 '10 J-D 175,000c_June 1 '25-'40
430'14 A-0 30,000c_June 1 '19-'24
Sewer Bonds.
5s '93 M-S $5,000e_Sept 25 '18-18
Highway Bonds.
4s '89 J-J
24,0000.. _Jan 1 '19-26 4s '93 A-0 $10,0JOr_May 1 '19-'23
4s '92 J-J
1,000o _-__Jan 1919 430'12 M-S 75,000c_Sept 1 '18-'32
GEN.BD.DT.Mar 31 '17. $491,750
Water Bonds.
48 '94 A-0$275,000o&r_Apr 1 1924 Water debt (included)____ 260,250
7,180
4 30'96 A-0 125,000e_ _ _Aug 1 1926 Assessment debt addl
4,976,150
430'16 M-N 38.000__Nov 1 '18-'36 Assess. val. real
820,700
BOND. DEBT Nov 15 '164496,600 Assess. val. personal
742,320
Water debt (lncluded)____ 440,000 Other assessable property
Assess. val. '16 real estate_9,752,950 Tot.asses.val.'16(80% act.).6,539,170
City tax (per $1,000) 1916-312.71 City tax (per $1,000) 1916_319.70
INTEREST on sewer bonds payaINT. is payable at City Treas.
ble at Chase Nat. Bank, N. Y.; on office in N. Y. exchange.
water bonds, part at Chase Nat. Bk.,
part at the Cortland Savings Bank,
Cortland, and part at the Union Dime OLEAN.
This city is in Cattaraugus County.
Savings Institution, N. Y.; on the
April 26 1893. succeeding the
paving bonds at the State National Incorp.
village of Olean. The village of
Bank in North Tonawanda.
North Olean was annexed Jan. I '09.
Police Station & Jail Bonds.
NORTH TONAWANDA SCHOOL 4348'14 F-A $22,000r____Feb 1934
DIST. NO. 1.
Water-Works Bonds.
J-J $26,000e._Jan 1 '19-'31 43 '08 J-J $30,0000_July 1 '18-'32
4s
48
J-J
68,000o_Jan 15 '19-'35 43 '09 M-S 34,000o_Sept 1 '18-'54
4148'14 J-.J
57.000c_ _Jan 1 '32-'50 53 '17 M-N 75,000_ -Nov 1 '19-'43
BOND. DEBT May 1918-$151,000
Park Improvement Bonds.
Assessed val. real estate_ _8,999,778 48 '06 F-A $25,000r_Feb 1920-'24
Assess, val. personal
173,500 45 '06 F-A 10.000r_ _July 1 '25-'26
594,480
Assess. val. franchise
Flood Protection Bonds.
Assess. val. total, 191'7
1935-1955
430'15 F-A3150.000
_ _9,767,758
(64% actual)_
Street improvement Bonds.
School tax (per $1,000) 1917.._$10.36 5309 A-0 $11,666.690ot 1 '18-'24
14,000 4s '12 J-J
Population in 1916 (est.)
2,000r_Jan 1 '19-'20
INT. at Chase Nat. Bank, N. Y. 4s '12 J-J
2.400r_Jan 1 '19-'20
43s'12 A-0 5,451__Apr 1 '19-21
43-s'12 A-0
NORWICH.
1,923_-Apr 1 '19-'21
This city is in Chenango County. 430'12 M-N10.072.95-May 1'19-'21
Incorporated Mar. 12 1914.
430'15M-N 49.000r_Nov 1 '18-'24
7,200r_Dec 1 '18-'23
Special Appropriation Bonds.
430'15 J-D
$6,600__Jan 1 '19-'34 434s16M-N 2,550_ _Mar 1 '19-'24
5s '17 J-J
434s'17 M-S 2,360r_Mar 1 '19-'26
Appropriation Bonds.
9,828r_July 1 '18-'26
5s '18 J-J J$8,000_ _Jan 1 '19-'34 430'17 J-J
1 4.000 ..Jan 1 '35-'38 54 '18 M-S 41,760r_Mar 1 '19-'27
Paving Bonds.
Fire Department Bonds.
5s '17 J-.T $4,096.89_Jan 1 '22-29 4s '09 A-0 $25,000r-Oct 1 '19-'28
Street Bonds.
Sewer Bonds,
$9,154.11_Jan 1 '22-39 4s
J-J
$5,000r_July 1 '18-'18
bs '17 J-J
Sewer Bonds.
Is '09 A-0 25,300r-Oct 1 '19-'28
bs '16 J-J $24,261.34 Jan 2'19-'20 430'16 M-NJ10,000r_Nov 1 '27-'31
1.759 53.Jan 1 '22-'24
5s '17 J-J
1 1.482.50r_Nov 1 1932
BOND.DEBT Apr 8 1918.. 210,499
North Olean Sewer Bonds.
284 110'07 J-J S38,400r_July 1 '18-'33
Floating debt
Assets. val., real estate_ __ _3,375,400
Refunding Water Bonds.
Ass‘ssed val., p ?rsons!_ _ _ _ 111,400 Is '01 J-J
$8,000r_July 1 '18-'33
Assessed val. franchise_ _ _ _ 138,800 334899 J-J
6.000r_July 1 '18-'29
Total assessed val. 1917
7,000__July 1 '18-'31
330'03 J-J
4,500c_July 1 '18-'26
(55% actual)__ _ _ _3.625.650 4s '96 J-J
Total tax rate (per $1,000)'18 $32.50 GEN. BD. DT. Mar 1918 $476.683
8.873 Water debt (Included).___
Poptilstion in 1918
164,500
x Of the total bonded indebtedness Assessment debt (addl)__
156,112
there is Included $26,700 bonds for Floating debt
87,483
financs expenses up to May 1 191'7 Assessed val., real
9,577.273
and exempt from the limitation em- Assessed val., personal...._
228,050
powered under Section 333, Chapter Other assessable prop..
458,780
34, Laws 1914.
Tot.a