1882-83-Annual Report - Laserfiche WebLink

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11 DEED of TRUST. "Know all men by these presents, that I, Samuel J. Bridge, hereby give to the inhabitants of the Town of Lexington, in the County of Mid- dlesex, and State of Massachusetts, the sum of Two Thousand. Dollars; a permanent fund, to be called the 'Bridge Charitable Fund,' and to be held in Trust by said Town, for the purposes and in manner hereafter mentioned, to wit : — Said sum of Two Thousand Dollars is to be invested in a note of said Town of Lexington, or some other Town in Massachusetts, or in some safe, good, and reliable security; and two-thirds of the annual income accruing from said Trust Fund shall be annually distributed or expended at Christmas, or in December or January, or other suitable time, at the discretion of the Selectmen or the Overseers of the Poor of said Town of Lexington, among the deserving poor of said Town of Lexington, without distinction of sex or religion. And 1 wish no especial publicity to be given to the names of the parties receiving the benefit from said Fund. The remaining one- third of the income shall be reserved annually, and placed at interest in some safe security, until the said one-third reserved shall, with accumu- lated interest thereon, amount to Two Thousand Dollars. Then the annual income of said Four. Thousand Dollars may be distributed or expended on the deserving poor of said Town of Lexington, in the manner aforesaid. The Selectmen for the time being shall have financial care of said Fund, 12 and shall be constituted Trustees thereof; and they shall report the state of the Fund whenever requested, at any Town Meeting of the Town of Lexington aforesaid, annually. The Town Clerk, under the direction of the Selectmen, shall annu- ally keep a record of thedistribution or expendi- ture of the income of said Fund, for the informa- tion and guidance of succeeding Town officers, which shall be accessible to the Overseers of the Poor at any time. And this Deed of Trust shall be recorded by the Town Clerk in the records of said Town of Lexington." GAMLELL LEGACY. "1 give and bequeath to the Town of Lexing- ton, Five Hundred Dollars, upon the condition that said Town shall receive the same, and keep it safely invested, and expend the income thereof in purchasing such luxuries and delicacies for the inmates of the Town's Almshouse as are not usu- ally furnished them, and shall tend to promote their health and comfort. Such income shall be expended by the Overseers of the Poor and two Ladies, resident of the Town, to be annually ap- pointed for that purpose by the Selectmen of the Town." Now another year is closed, and must be numbered with those that have preceded it, and its record be- comes a part of the town's history. It is with pleasure we note the continued prosper-