Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1910-05-28
MAYOR CORDDRY'S
MESSAGE TO NEW
CITY COUNCIL

/ 1911, which should be $675. 90, are $3.50.
90, against which. he has placed liabil-
ity Of s3sS.73. want TO say in this
connection. that we have fixed liabilities
that mature during the year as follows:
To the Electric Light and Power Co.,
for lighting streets. $4,000; interest
on the bonds of the town amounting to
S1095. 90 our incidental expenses includ-
ing street repair, etc., should not cx-
coed Sl200.0O for the balance of the
year. The maintenance of our pumping
station will cost about $4,000; making
total of fixed and estimated cxpendi-
lures for the balance of the year $3745.0 90
to which should be added amount due to
special street improvement fund. of
sl956.1l. So, it would appear that the
town is absolutely upon a cash basis,
which has been accomplished in the last
few years in the face of marked i'm
/ provements along all lines.
For your information | want to state,
that our taxable basis for the year 1909,
subject to tax rate of SO cts. per 800. 90,
is 81, OBS. 207. 90; and subject to 30 ct.
tax rate per 500. 90 s27, 10000 this lat
ter item being property outside of the
line of fire protection) which yields the
sum of s5,272.63. which is divided as
follows; For the general fund. $2l09. 05;
for the water works fund, $2lO3. 05 A;
for street improvement fund, $l054. So.
Our receipts from water rents as ac-
counts now stand on our books for the
year 1910, will be $l375.00. In this con-
nection want to state that our rates
for water are lower than any town or
city that have any knowledge of and
in many instances only about one-half
the amount charged by other water
companies The bonds of the town
outstanding are as follows Water
bonds. issue of 1896. $14, 900. O0-six per
cent bonds. The original issue of these
bonds was SIS, OO0. 90. of which 81, 900. 90
has been retired. Bond No. of this
issue for 81, 10000. natures July LIST,
1910; and the same amount natures
each year thereafter. By Act of 1908
provision has been made for the retire
ment Of these bonds as they fall due,
by issuing five per cent. bonds for such
an amount as may be required, together
with the sinking fund to retire said
bonds. Street improvement five per
cent. bonds, issue of 1904. SIS, 90 ;
issue of 1908, s60O0.O0. Retirement and
extension five per cent. bonds, issue of
1908. 100000.
During the year we have by comply
ing with certain provisions of the Un-
derwriters' Association, raised the
standard of our protection against fire
TO such an extent as to warrant re-
rating Of the property of the town by
this Association. BY which re-rating, a
saving of insurance has been effected to
most of the property owners of the
town from ten per cent. TO forty per
cent.
beg to recommend that you consider
during the year, the improvement of the
following streets : Morris Steet. Hill
Street. Martin Street. Green Street
Bank Street, and Strawberry Alley.
/ think you should also take up the
question of paving Bay Street and Wash
ington Street so far as same have been
macadamized, passing an ordinance pro
viding for this. We have in the town
at present, some six miles Of pavement
which have been laid with little or nc
friction. There are. however, some few
pieces of property that should have beer
paved under existing ordinances that
have not been paved and 1t would ap
pear that this work will have to be done
by the Mayor and Council. And TO this
end. | shall be glad with your advice. te
instruct our attorney to prepare papers
necessary in the enforcement of these
ordinances.
Il invite your inspection of the books
and records OF the town, which in justice
to Mr.. Powell. the late Secretary anc
Treasurer, desire to say you will fine
in most excellent shape. The system
he has adopted in keeping the severa
accounts of the town during the foul
years of his incumbency. regard as {
substantial legacy from him.
would recommend however. in view
, of the fact that our Charter has nevel
} been printed for the use of the Mayor
! and Council, same applying to subse
quent Acts Of Assembly, that they b.
compiled and printed, together with al
existing ordinances of the town. in
suitable book for the use not only OF the
Mayor and Councilmen. but for the sew
eral attorneys and magistrates OF the
| town.