The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-02-07

balance in the treasury at the beginning
of the year was Sl2.3O0O5, and
received from various sources
s529. .475.2e. making total of
S541.775. or this amount $685.
740.l9 were expended in the purchase
OF bonds. leaving a balance of S35.035. 43.
The tax average fund had balance on
hand Of sS.23S.53 and received from all
sources 500, ,g51 20. Ii spent S633, ,372 ID for
principal aud interest on tax arrearage
bonds. leaving balance of s69.slS.13
The Sinking Fund, 1882. No. /, received
S242, Ga IS, including a balance Of sl6L03.
while its disbursements for purchase of
bonds were $23. 900. leaving a balance of
81 1891. Sinking Fund No. of
that year had balance OF
SO. 500, including balance OF $50 35.
The disbursements of the fund
amounted to $50, 1855 leaving q balance
OF 1894. 40. The Water Sinking Fund re-
ceived SIG, .66, including a balance OF
S37T66. and spent $4,000, leaving a bal
ance of s2l2.66. Sinking Fund 1889. No.
l, received S33. 105 90 and had balance on
hand of $233 o. It spent $50, coo
and carries over balance of
se38 02. Sinking Fund No. 2 Of the
same year received S19S, ,S2s.95. including
balance OF last year of S392.92 and spent
sl9S. .47ss4, leaving balance of $3.50 II.
Sinking fund No. 3 same year started the
year with balance of $500 35 and received
s., 100. making total of s.. $50. 35. IL
spent but 81 800, and will have 81, 100, ,S5 to
begin the new year with.
The receipts of the sinking fund of
1855 were $3.50. which still remains in the
treasury to its credit.
The Commissioners hold securities to
the amount of S346 1861 and S35, OBS. 43
in cash, total of 1881, ,2l2 "a for the re-
demption OF any bonds of Jersey City.
This fund has its growth from one-fourth
OF the receipts for liquor licenses, all the
receipts for vendors, ,cartmen, auctioneers
and junk licenses, aud all the receipts for
fines aud receipts for the years prior to
1870. The fund of 1882. No. l, 10 pay $50,
600 5 per cent. bonds due April l, 1891,
which has its growth by inserting in the
tax levy such amounts as the Board Of
Finance may deem proper has on hand
sos 600 IN securities anu 81, 1881 cash,
total of S66, ,425 81.
There are Sl25, ,675. Sc In securities and
1894. 40 in cash in fund 1882, No. 2, which
is to pay S450. 900 of per cent bonds due
June /, 1911. This fund Is acquired by
inserting in the tax levy of each year a
sum not less than per cent Of the issue
The water sinking fund which is made
up OF Sl2, 600, inserted each year in the
tax levy, and which is to pay S525 900 of
five per cent. bonds. due February /, 1913,
has $50. 900 in securities, and s2l5G6.
Fund of 1889 No. l, TO pay 81, 600, 900 six
per cent bonds, due April l, 1904.
is made up by inserting in
the tax levy of each year a sufficient
amount to pay and discharge the princi-
pal when due. 1t now has $751; in Sc
curities, and S93,sU2 in cash, total of
S255, ,43S 02.
For the redemption OF Jersey City
bonds fund 1889 No. 2 has been formed
and is kept alive by moneys received in
excess Of the limit OF expenditures as
fixed by the Board of Finance. 1t now
has S717, ,656. 10. of which S7l7, 04 is in
auu $3.50 IL in cash.
Fund 1889 No. 3 is for the redemption of
general and assessment account bonds of
Jersey City and by resolution of the Board
Of Finance aud Taxation July 10, 1888
sos 900 was placed in the tax levy
of 1883 The fund has sl05, 500 in securi-
ties and 50, 100. 35 in cash. total of sl07.
$50 35. The tax arrearage fund, wnicn
is TO pay bonds issued on account of taxes
Of 1875 TO 1887 inclusive, and which is
by receipts of taxes for those
years, has Sl4. .041. Al in securities and $685.
Sl8 13 in cash, total of $50. $50 81.
For the purpose of redeeming $1,000 four
per cent engine house bonds due January
/. 1895. fund 1883. is made up of 81, 900
placed each year in the tax levy. 1t now
has $1,000 in bonds and $3.50 in cash. The
total amount of these various sinking
funds is 81. .726. .3S5 35