Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1903-09-24
ClTY'S FINANCES.
Mayor Wishes to Issue Bonds for
SCI, 900.
VIII Take the Place OF Temporary
Loans, the Taxes Collected Not he
ing Sufficient to Care for
Deficiency.

A special meeting of the board of alder
men was held Tuesday TO consider the
citys finances A communication was
received from Mayor Burke and motion
was passed instructing City Attorney
Brown to draw up a petition to the mayor
TO call u citizens meeting to see what
action they would take relative to Issuing
bonds to take the place of temporary
loans. All the aldermen were present
The following communication was re-
ceived from Mayor Burke:
To tho Honorable Board of Aldermen, or
the City of Burlington.
Gentlemen: In accordance with the
provisions of the city Charter / deem 1t
my duty to call the attention of your
honorable body to that part of the city's
finances known as deficiency, and which
must be increased in the near future to
q sum representing not less than SCI 900.
AS you are well aware. the city treas
urer has Just finished the collection OF
taxes for the year 1893, and notwithstand-
Ing this fact at your last regular meet
ing. you were called upon and did au-
thorize the city treasurer to make tenn
porary loan of $1,000 to meet the &C
crued and accruing liabilities of the city.
/ also find on looking up the records,
that on October G. of last year. we began
making these temporary loans, and have
been doing so for some time. paying at
|.
| wish to again call the attention of
your honorable body TO the fact that on
the first day of January, 1905 there was
deficiency of about $4,000. and so stated
In my former message, and as no pro
vision has been made for the payment OF
same. 1t still remains as one of the liza
bilities of the city, and as this sum is to
he increased as stated above by at least
S21 600. by reason Of the erection of our
library and poor farm buildings. calling
for the sums of $1,000 and 5000 respcc-
lively, making q total of at least $1,000
which we must carry paying at the rate
OF five per cent. (50c) unless we devise
some other means of carrying the same at
lower rate Of interest--a thing / would
heartily recommend But before any
such action is taken by your honorable
body. If you so decide, | wish to call
your attention to "A resolution hearing
upon the construction of our library
building ard passed by the board of alder
mon, April Z, 1902, which reads as fol-
lows:
This commission shall have full power
to select such plans and specifications as
they may deem for tho best interest If
the city of Burlington. and to eXpcnd on
plans and in the erection of said build
ing, not to exceed the sum of $50 900,
which has been given to the city of Bur
lington by Andrew Carnegie for said pur-
pose"
1t will therefore he necessary for your
honorable body, before any funds can he
provided for the finishing of the library.
to reconsider this resolution, as it re-
stricts the amount to be used for the
erection of the library to $4,000.
AS chairman of the library committee,
7 feel il my duty to inform you as to the
conclusions reached by the committee in
arriving at the sum Of $1,000 as neces-
sary for tho completion Of the library.
According to the contract with Mr.. Paige,
certain thjnGs-and noted as exceptions
are to be furnished under a separate con-
tract, by the owner which is the city of
Burlington. They are as follows, and
represent the following sums, as esu-
mated by the committee: