of the families of volunteers from this city, serving in the defense of the National Union," passed December 16, 1861, and duly legalized by an act of the State Legislature (chapter 2), passed February 1, 1862. The amount issued in 1862 was. $500,000 00 These bonds bear interest at the rate of six per cent., and the principal is redeemable on the 1st day of February, 1863. The third section of the act, chapter 185, passed April 12, 1862, provides that the amount of these bonds shall be raised by tax in the year 1863. 6. VOLUNTEER SOLDIERS' FAMILY AID FUND BONDS, No. 3.*— The ordinance authorizing the issue of these bonds was passed June 18, 1862, and is entitled, "An Ordinance to provide relief for the families of the Volunteers from the city of New York, serving in the army of the Union." The amount issued in 1862 was $500,000 00 These bonds are redeemable on the first day of July, 1865, and bear interest at the rate of six per cent. per annum, payable halfyearly on the first day of January and July in each year. 7. VOLUNTEER SOLDIERS' BOUNTY FUND BONDS.*-The issue of these bonds was authorized by an ordinance of the Corporation, entitled, "An Ordinance to promote the speedy recruitment of the several Regiments and Brigades of Volunteers from the city of New York, now organizing in this city, or actually at the seat of war," passed September 2, 1862. The amount of said issue was $500,000 00 These bonds are reedeemable October 1, 1863, with interest at the rate of six per cent. per annum. * Legalized by an act of the State Legislature, passed March 6, 1863. 8. VOLUNTEER SOLDIERS' FAMILY AID FUND BONDS, No. 4.*— These bonds were issued in pursuance of an ordinance of the Corporation, entitled, “An Ordinance making an appropriation of five hundred thousand dollars for the continuation of the relief now afforded to soldiers' families," passed November 8, 1862. The amount issued in 1862 was .$43,100 00 The principal of these bonds is payable on the first day of November, 1865. They bear interest at six per cent. per annum, payable half-yearly, on the first day of May and November in each year. 9. CROTON WATER STOCK OF 1883.-The issue of this stock was authorized by chapter 372 of the Laws of 1860, as amended by chapter 181 of the Laws of 1861. The original act limited the amount to $1,000,000. The amendatory or supplemental act, passed in 1861, authorized an increase of $900,000 in the amount, making the total, $1,900,000. The ordinances relating to said stock were passed August 9, 1860, and October 4, 1861. The amount issued in 1862 was .$250,000 00 This stock bears interest at the rate of six per cent. per annum, payable quarter-yearly, on the usual quarter days, from the Sinking Fund for the Payment of Interest on the City Debt. The principal is redeemable on the first day of November, 1883, from the Sinking Fund for the Redemption of the City Debt. The premiums realized on the above $250,000 of stock, amounted to $16,908.43, which was credited to the account of" Croton Water Works Extension and New Reservoir." The whole amount of the Stock authorized as above, was. In 1860 In 1861 .$1,900,000 00 $525,000 00 .1,025,000 00 250,000 00 1,800,000 00 $100,000 00 Balance of amount authorized, but not yet issued...... *The issue of these bonds was legalized by an act of the State Legislaturè, passed March 6, 1863. 10. CENTRAL PARK IMPROVEMENT FUND STOCK OF 1876.-This Stock was authorized by chapter 85 of the Laws of 1860, and by an ordinance of the Corporation, passed April 25, 1860. The amount issued in 1862 was $604,600 00 The principal of this stock is redeemable on the first day of November, 1876, from the Sinking Fund for the Redemption of the City Debt, and the act above mentioned provides that the "said park shall be, and the same is hereby, specifically pledged for the redemption thereof." The interest is at the rate of six per cent. per annum, payable quarter-yearly from taxation. There was realized for premiums on $333,000 of the stock issued in 1862, the sum of $9,990. The residue of the amount was sold at par. The amount authorized is.... Of this there has been issued the following sums, viz.: $2,500,000 00 The receipts and expenditures on these accounts respectively, and the condition of each one of them, at the close of the year, will appear from the following statements: ABATEMENT OF NUISANCES.-The balance to the credit of this account, December 31, 1861, as stated on page 53 of the Comptroller's Annual Report for 1861, was.. $164 56 The amount transferred to this account in 1862, from the appropriation under the same head, was.... 2,000 00 Credit balance December 31, 1862... $2,164 56 ASSESSMENT FUND.-This account represents the amount paid for damages awarded, and expenses incurred in opening, widening, and extending streets and avenues; also the assessments levied upon property benefited by such improvements to defray the expense thereof. The balance to the debit of this account (on the General Ledger) that year, page 79, was.... The amount of warrants drawn in 1862, was. $79,491 80 675,170 28 $754,662 08 The amount of Assessment Lists received and transmitted to the Collector of Assessments in 1862, for collection, was.. Add, for error in assessment for widening Worth street, There was drawn from the appropriation for "Opening New Streets-Expenses of," and deposited to the credit of this account, to cover deficiencies in various assessments to pay awards for damages, and for excess of collector's fees, beyond the amount provided in the assessments therefor, also to reimburse the amount of the Corporation's proportion, being onethird, of the value of buildings removed, &c. ..... Amount of collections in 1862, on account of assessments confirmed prior to the year 1850..... $691,764 82 9 00 55,692 16 1,428 45 Amount of award for opening Ninth avenue, paid in 1862, transferred to "Old Books Account"... 1 00 748,895 43 Debit balance December 31, 1862. $5,766 65 Assessments.—The amount of uncollected assessments belonging to this Fund, December 31, 1861, was as follows, viz. : Amount of collections in 1862, on assessments confirmed prior to 1850, 1,428 45 Carried forward.... $944,934 12 The collections in 1862, were as follows, viz.: By the Clerk of Arrears... 66 Collector of Assessments. Amount canceled and remitted.... $944,934 12 Amount remaining uncollected, December 31, 1862....... $332,316 37 The above assessments were in the hands of the follow CHARGES ON ARREARS OF ASSESSMENTS.-This account représents the amount paid for preparing the necessary accounts, and for advertising and selling lands for unpaid assessments, and the receipts of the Clerk of Arrears to reimburse such expenses. Balance remaining to the credit of this account December 31, 1861.... $5,326 77 Amount of collections by the Clerk of Arrears, in 1862... The amount of warrants drawn during the year, was. Credit balance December 31, 1862............. 2,129 14 $7,455 91 4,805 32 $2,650 59 CHARGES ON ARREARS OF TAXES.-This account represents the amount paid for preparing lists, advertising and selling lands for taxes, and the receipts of the Clerk of Arrears to reimburse such expenses. The balance to the credit of this account December 31, 1861, was.... The collections during the year, by the Clerk of Arrears, amounted to the sum of..... The amount of warrants drawn during the year, was.. Credit balance December 31, 1862.. ..... $6,249 52 1,579 60 $7,829 12 777 89 $7,051 23 * In addition to this sum, there was purchased in behalf of the Corporation, at the public sale for unpaid assessments, held in the month of October, 1862, the sum of $125,942.11, which, not being paid for till in 1863, was necessarily included in the amount of unpaid assessments at the end of the year. |