The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-09-21
BOARD OF FINANCE MEETS
RESOL UTIONP4SSEDA UTH OR EING
ISSUE OF $3.50 900 IN BONDS,

$3.50, 200 for High school Bonds-Three
Opinions Received from Corporation
CounseI-A Pamphlet Issued Giving
Details of the Bonds and Statement of
Financial Standing of the city.
At the meeting of the board of finance
last evening three opinions were receiv-
ed from the corporation counsel, one
on the Bushnell memorial, another re-
curing the board of education, when
asked to present an itemized account,
/ lust as the other boards have to- ana
the last. that the board may pay pllls,
even II they are not approved by the
heads of departments If they see MT.
The first two opinions mentioned are
printed in full in to-day's paper.
The third opinion is in reference to
the weekly bill of Miss Maher, stenog-
rapher for Director Troup. she was
away on a vacation and bill for one
week was not allowed by the director.
The board of finance approved the bill,
and the corporation counsel says that
1t had right to. He decides that the
board Of finance can approve of bills
even though they are not endorsed by
the heads of the departments to which
they refer
A resolution was passed, introduced
by c. w. Curtis, authorizing the issue
of 1866 900 city bonds. of which $4,000
is for high school bonds, $1S5o0o for
bridge bonds, 100000 for permanent
pavement bonds, In voting for the
high school bonds j. d. DeWell, jr,, dis
sented, saying that such an outlay of
expense was not needed with so many
other pressing demands on the city.
The comptroller was authorized to adj
vertise for bids for these bonds and
special meeting Of the board will be
held next Monday evening to examine
any proposals which may have been
submitted. Several bills, not approx
ed by the director of public works, were
received, and sent back to him to APP
prove or to state his reasons for dis
approval. Among those were those of
Captain O'Brien and Mr. Brazos. A
printed pamphlet has been issued CIV
ing details of the bonds above mention
ed, and an accompanying statement of
the financial standing of the city. The
book opens with the following state
ment
The city of New Haven was settled
in 1888.
The population of the city in 1890
was 4,44S; in 1870, 5o840; in 1880, 62S62;
in 1890, S5,S91, and In 1899 estimated,
10000.
Mo tp,sJ md ie.t Hf hn pitt for 4I,ot
year 1889 was S66, 041 ,453 (This valua-
ton was on a basis of IS per cent. of its
valued. The latest grand list under the |
re-assessmeut act as authorized by |
the legislature Is $113, 2S9, 1892. 1t is ex- |
pected that a thi.teen mill tax will be |
sufficient to raise the amount necessary |!
to pay the current expenses of the city |
to meet it's maturing obligations The
grand list does not include property es-
timated as follows:
Yale college. :. ......,..,. e 800, 900 i
School houses Gland and con-
lehts) -. ..-.....''..... l,5ooolf
,.... 80. .. e. ................ 1,500517
Churches and institutions. 80. 2.150000
State, county, town and city
public property. :. ......... $4,000
iec'iiA 'hi pippNllS anu OtliIi
lawful exemptions. . 49,. $500, 900
$13. 800, SIT
Total bonded debt, including this is
sue, $4,000 900
Percentage of debt to re-assessment
grand list including the proposed issue
of bonds, will be 03OS
The city has no floating indebtedness
other than $3S0,000 to be retired by the
bond issue
There is no litigation or controversy
pending or threatened concerning the
validity of these bonds the boundaries
Of the municipality or the titles of the
officials to their respective Offices
The proceeds from the sale of the
bonds will be used for the purposes in
7cated by the titles of the respective
ssl1es.
The bonds are exempt from taxation.
Under the law of the state of Connec-
lieut. all persons holding property in
4 city within said state are liable and
holden for that citys debt.
The pamphlet also gives the follow
ng statement of assets and liabilities
If the city:
Sity hall. land and building,
supply house, stone crush
err plant. -. e. .........S 246, ITS 90
school houses and land. 1,500,51 Sc ]
Central police station and
precincts. =. ........... 1880 so
fire engine houses and con-
TENTS. :, -. ......... 354, O67 IS
Public library, land and
building (not Including