The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-03-13
Second City Government lnaugurit-
cd.
Mayor Reynolds Inau-
gural Address.
City Officers To BE Selected
Next Friday.

The frst milestons IN South PoTtland's
history as a city, was phssed last evening
nv the Inauguration of a new board oil
municipal o1icars. and the proceedings
were viewed with interest by gathering
of citizens sutii oiently large to I'LL the
city Offices.
The old hoard first met to approve the
records OF previous meetings, after
which the city clerk called the new board
to order. MIR. Spear moved that MIR.
Scamman be choten temporary chaie-
man. It was SO voted and MIR. Scam
man took tile chair.
On motion Of Mr. Triton, the chairman
appointed Messrs. Tilton and Willard
committee on CREDENTIALS, who present.
ed the canvass made of the election re-
turns az appeared on the records OF the
city clerk and the canvass agreed with
the returns which have been previously
published.
The city clerk rsad the list and admin
islered the oath to the aldeImen-eleot,
all of whom were present.
Aldermen Jordan and Small were made
a committee to walt on the mayor-elect
and present him to the council.
Mayer Reynolds was escorted 20 the
council chamber and sfter the oath Was
administered TO him By TIE city eisfk,
he ma dc the following address:
MAYOR REYNoLDs's ADDRESS.
Gentlemen of the Council:
We meet this evening to assume the
duty committed to US by the voters OF
our city, that Of caring for their public
interests for the current municipal year.
On the threshold OF that year desire, as
briefly as possible, to direct your atten-
ton to few matters which merit your
consideration and action.
FINANCES.
A careful and Intelligent examination
OF the official reports must satisfy the
most conservative that the city's finances
are in good condition, better condition In
fact than many OF our citizens SEEM to
realize. Besides the school houses ana
lots town house and lot, ferry wharf
and other property duly scheduled the
value OF which is not given, the City
Treasurer reports the following
RESOURCES.
UneolIectsd taxes 1895 and 1889, S2e,624.1l
Sinking fund deposited IN bank, S,Ou.V5
D m!nts. ' " ' 597.27
due on account of sidewalk
assessments, los.o5
Tax dfeJs. 5. l93.05
Total, $36.646.65
Deduct from this amount the
following sums which enter
into subsequent oomputa-
tlons, viz:
Sinking fund, on de-
posit, So,V1l'9o
Sinking fund aprropria-
~ ~ 49, - sS.07l SO
And there remains due the several
accounts in uncollected taxes
including tax deeds, and sewer
aud sidewalk assessments, $2hoT4.4
LIABILITIES.
1t appears by the report OF 1899 that
the liabilities of the city In notes and
bonds were as follows:
Bond Of the old town of Cape
Elizabeth, including the pro-
portlonal parts thereof OF the
old town of Cape Elizabeth
and the town OF South Port
land, S4,UOO w
land, 6s,25o.OO
Notes Of town of South Portland, s,46o.G5
Total. $50, 40 IS
4 During the..psst year mHsur.
ing bond and notes have been
paid as follows:
The above bond OF the
OF old town OF Cape
Notes of South Portland. 100
--
Total, $500 $500 90
----
And there remains due on ac-
count Of such Indebtedness
the sum of H2,olO. 90
PAYMENT Of the above Indebtedness
is provided for by an annual appropria'
tion OF IS, 600. which is credited to the
sinking fund account.
An examination of the Treas
ureY's report shows that there
Is 10 the credit OF this account,
deposited ia Canal National
bank on interest, SAVil.s3
for 1899. uncollectsd, $500 %
-
Making a total of SS.07l.93
There ara notes and a bond ma
turing In 1900 to be paid from
this fund as follows:
Notes. $3.50 o
Bond, .OO0.OO
Total. sc sec. 05
Leaving a balance OF STILES
which, with this years and future ap-
propriAtions for that purpose, will be
applied to the payment of outstanding
bonds maturing subseq uent to lsCO, mcst
of which are in the sum Of $500, each
one falling due each succeeding yesr,
until all are paid.
The above statement Is to bs taken as
OF January 31st, 1900 ut which time the
Indebtedness OF the city IN the shape of
unpaid bills, Excluding the above bonds
and notes) was reported to be as follows;
Contracted by the school board, S14s.3I
Contracted by the city council. ly9L02
Estimsted unpaid salaries, lo0,s5