1878-Annual Report - Laserfiche WebLink

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paid by a yearly payment of $2,000, it will also be seen that the sum of ,$11,000 has been paid within the past two years, of this amount $7,000 was taken from the surplus money in the treasury without any spe- cial appropriation ; in this reduction of the debt, the amount of $770 for interest is stopped. In assuming the responsibility of taking the amount of $4,000 from the treasury the past year, and $3,000 the previous year, and applying it to the payment of a portion of the town debt, without any instruction from the town, we deemed it more for the interest of the town to pay such demands, as were payable, rather than let this sum remain in the treasury, and be carried into the expenses of the next year. It is a matter worthy of consideration if it would not be advisable to take what amount of money which should happen to be in the treasury, at the close of each financial year, over and above enough to meet the cur- rent expenses, and have it deposited, so as to create a reserve fund, to be in readiness to meet the liabilities of the town as they fall due. A note for $5,000 will be payable in June, 1881, another for $12,300 in April 1882. If the amount at the close of each financial year from now until 1882, should be what it has been for the past two years, and it can if no unusual expenditure is made of much amount, a sum would then be in readiness, nearly if not quite sufficient to meet the payment of these two notes without any special taxation. fi TOWN BUILDINGS. The property belonging to the town is in such condi- tion as not to require any great outlay for some con- siderable time. The School Houses are all in good repair. The Engine House in the centre village is in good condition. The Alms House buildings have been thoroughly repaired and painted. The Village Hall building has had a new entrance added, and the outside of the building painted with two coats of paint. The Town Hall building will probably before a great length of time, need to be re -slated or extensively repaired. All the other property of the town is in good condi- tion ; that of the almshouse and highway departments has been appraised agreeably to a vote of the town - and the report of the committee is annexed in its proper place. NEW ROAD. The road laid out by the County Commissioners, leading from Bedford Street, to the house of Mr. Ham- mon Reed, has been completed. The offer of $boo, made by the town, was accepted by Mr. Reed, and he, with commendable promptness, built the road at an early day, to the acceptance of the County Commission- ers. COAL. With the cordial co-operation of the School Comit- tee, we were enabled to purchase in June last for $3.70