The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-17
CoMrrrntlrR's Ofrlcr. Feb. rs. isas

-, ~ If.n1ratt tic Common CouncI:-
GfSrt,MYx-In sordauce with the charter OF tina
city Cf New York and the ordinance organizing the
municipal department, Of the same herewith submit
anbps ststement Of the receipts and expenditures
II the Corporation OF said city for the year ending De-
cenee sls ls5l and thc condition Of its funds ct the
eiose Of raid year.
II mas net Be improrsr here TO state that there are
prsser'tSo principal iund' or accounts opened in
hs sepa ~ with the chamberlain OF the city viz
Treasury and Sinking Fund The account known
ar"Inte Fire Loan has been closed In conss-
ou4nSe n he redemption az the Fire Loan stock and
til. remaining IL rad fund paid into the sink
sng Fuad ..,,,. ,-.,,a - -
the .Sury and dIrv out warrants Comp.
trozr sheihe rasci BY tax obtained loans col
Isct ss assessments ana paid to contractors
The suS'ns Fund was established TO provids for the
rsd,mpnon q NE city DEL, ~ became due and uu
der The control q ths Mayer Recorder, Comptroller
the Board q Aldermen ard u. chairman of the III.
Committee OF the board Of Assistant Aldermen
who constitute the Commissioners OF the Sinking Fund
o. the city q New York. =
Alm.nsys deposited vi = the Chamberlain on
count otthis fuE' are placed 70 he credit Of 1.-THE Gem
uli,so0sre Of tie Sinking Eund the books Of the
bank Moneys SO er&Sn from this fund by warrants
checks the cashier o. the eask sgnsd at least
Jour O; the said o. II miesiouera.
The sinking iuud is divided thu books OF this de-
rsrtment into TWO accounts, via:sthe Sinking Fund
for the redemption q The CITY Debt AID the sinking
Fund fortse paymsrt o. interest on the City DEBIT
All moneys received from the following sources are
appropriated q the sinking fund for the redemp
lion Of the city debt, VIZ: the Communication Of quit
rs7te grants; the rert- arising from water grans
here oicre Issued the proceeds Of ell sales OF zeal
estate belonging u tbs 'orporaon when sold tae nst
procee q all ,ni mortgages PAYABLE to the Cor
porption when coeeted Tor licences TO pswnbrok.r s
sad dealers IN the purchase o. sale Of second hand fur
uitu-e Stss clothes f- hackney coach licenses and
street vaults for executive occupation private whav.s
basins md pers for market fes and market rents the
proceeds of all topdsapd mortgages whish may have
shall become ths property q the CORPORATION 10
the ordinance creating the Fire Loan Stock Of
tie city q New York" thu buildings included in the
.stsbltbmept called tia Ain. house at Bellevue. tege.
th,reto when sold
The moneys thus rs'sived are applied to the redema
ten n thr stock Of the city, from time 20 time it be
doe All balances and accumustions not
Qured or tho above purpofe are invested under the
airentiou Il tbs Commissioners ard the irterest all
iuveotnents added 70 tbs fund This fani it be
nsv,a et Re t1uno folly "a qnats or the redemption
issirg lie cts ION Il. necessity Il recours. 70 taxa
ton Tor e6enption Of any portion Of said stocks
All @onsys rsee,1'd sF the G wing sources src By
Of interest on he City Debt, viz-ter interest on all
bonds erd mortgages owned by the Corporation; for
collected bv the clerks courts for The Corporations for
tavern ana ezoe icen'es FOR sales Of all property Of the
sorpoFstion ohr THAN real esatei for croton water
rsgts ana oil otheE ien;s.
The moneys teus rcctive1 ere spped for the payment
tbs interest tie ,tocs Of the city The dshei.ncy
II any ssutphd by taxation The receipts to hi. fund
aa nnnuay 'nereatr paTteulsry inose derived from
u'oN'i water renN "a VIZ oe iounu sulcent 70 pay
the NAole amount of interest on the debt Of the city
c't ~. =, ~ stpsLN , Iso Ih1 StI.S. ,uSpi
me Iotsa Sso' ICE s.o's; s.uso zee scnslue AZ
snoary Isl 1857 to ga 51sVoS The sEiet held by the
70 be aTpled tnwa'ds is redemption m
!snnary lst 1852 s. ot2tG9 g. Leaving the net debt
Janusry let ls52 sio52esss 20.
tnr'e a,e pern Ifus = uurhs Tue year snalpk Decem
Der DIT teSi sa5Veoo ofoton water stock OF 1852 ard
1870 re zoe nnity tsoch payae.e IN isos
1919 geNe oeen .u,.ns tne sSme perod
SsVu Wy ne loan stocE ne OF rom the
Sis4 200
losing s''"p Fcn TIE FrnEMproS o. riIr CITY nEnr
Ths TO including the balance IN bsus
1sntafy ISL leol lor tne year enung December olst
1901, nlseuhtsa 70 ssso3ss o. The Investments and
pst ms nss ouiins ths ssrs period amounted T. (see
schsoule " ssto W. 40 ss'ng csn osance 10 oaus
January let lst2 OF s4o5'o ~
Inc tots! fIves'Ilents OF She sinBing Fund
II the stof6s and bond, ~ the city,
amounted 70, tsee schedule 81 January
ISL ioe. % osl1io %
y. nas ssd mortgages sna other assets. iss153 %
"