The Waterbury Democrat., 1939-03-08
Technical Discussion or Municipal
 Finances Engaged In Today
Atty Crawford Subcng edge of Surplus Resource Sinking Fund, Its Application
 Deficits, Administering Officers, Etc.

, ana IS hereDy authorized and re- duired (a) To record such liabili- ties as liabilities of the surplus re- source sinking fund, 2nd district: (b) To record the amounts so given to each bond fund by the surplus resource sinking fund; Co to draw his order in favor of the treasurer surplus resource sinking fund 1929, for the amount of the net available cash in the general fund, 2nd dis trict as of December 31, 1929; and immediately to deposit such balance with the said treasurer; (O To re- quest Board of Sinking Fund Com- miSsioners to authorize the pay- ments of obligations of the 2nd district surplus resource sinking fund to bond funds or other float ing debts as necessity requires, and as become available in accordance with the law" (S. L.) 1929, Chap ter 339, Section 6.
 @. l want to call your attention to the fact that at the same meet ing where these votes were passed, it appears, doesn't it, that MT. Leary, the controller, was absent? A. Yes.
 o. While we are on the subject, would you glance through as many pages of that. book as will refresh your recollection so that you will be able to tell us how many of them members of the Board of Finance and the Sinking Fund Commission CTS were members of those commits sions prior to 1880?
 A. (After looking through book) Commissioner Babin.
 o. How long was he there?
 A. Several years. He is the only one I remember.
 @. So that there were three mem bers of the civilian membership of these two commissions after 193O who had been members previous to 1850, and who continues their mem- bership for several years after 1880?
 A. Yes.
 o. I want to call your attention. MT. Purcell, to an exhibit think 1t is 74-which is list of payments and there are lead pencil entries put in the handwriting of yourself and MT. Leary. It is the exhibit in which you said that the word lint" re- ferred to interest" and the word chart" sometimes. Is that written in your handwriting?
 A. No. That isn't.
 o. We'll, and the word lint. "in lead pencil on this exhibit is in the handwriting of MT. Leary2
 A. Yes.
 Q. Will you indicate which they are?
 A. This last column typed to the right and side.
 o. In some, chart" and "char- ter" specifically the word chart" written following the first four items are in the handwriting of MT. Leary? r.
 A. Yes.
 Q. And then opposite "June-J. S. JohnSton-$9,000," there is some scratch-there is word that is scratched over. Are you able to tell what the word that Is scratched out it?
 A. Apparent yit is chart"
 Q. So much of 1t as you are able to make out, would you say it is in MT. Leary's handwriting the word charter" in the case before?
 A. Yes.
 Q. Going on down on that same page-opposite J. s. Johnston $500 is another scratch. Are you able to make out just what the word is that is scratched out, there in the last column of lead pencil notations?
 A. It isn't as clear as the word before, but it appears to be the same word chart"
 o. And would you say that that also is in MT. Leary's handwriting?
 A. I believe so. Yes.
 o. Then the last three lead pen Gil notations written out and the word charter" written out three timeS-is that also in the handwrit- ing of MT. Leary's?
 A. Yes.
 @. Now, in front of these items in ink, being the third to the last column on the exhibit to the right, are the words lint" and interest" the words bonds" and then again int" farther down. In whose hand writing are those items?
 A. MT. Leary's.
 o. As I understand your testi- mony, MT. Purcell, you understood these items, that is, the word char ter" after the word "chart." to be charter expenditures, and were told so to treat them?
 A. Yes. MT .Leary told me they were charter expenses.
 o. Were they first charged in any instance where the word int. or in- terest or in the word bond" appears charged to bond, interest appro- priations in the first instance?
 A. That was my instruction from