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The borrowing capacity of the city within the debt limit is $2,509,074, according to the statement of the Sinking Fund Commissioners. There is also, as already stated, cash in the city treasury derived from loans amounting to $2,029,084.52. This makes a total of $16,978,158.52 available to the incoming administration without further action by the City Council, for permanent improvements, besides the probable surplus revenue already noted, which can either be used for these purposes or carried forward to the credit of the appropriations for 1895-6.

The City Council of 1895 can authorize a further issue of bonds amounting to $747,162.91 on account of the loan for the Laying Out and Construction of Highways. There are also lands surrendered by the various departments of the city government for sale, which have not yet been worked off. The proceeds of these lands, when received, is applicable to the sinking funds, and should amount to abont $1,000,000.

SUMMARY.

Cash on hand December 31, 1894

$3,135,663 19

$2,029,084 52

12,440,000 00

Casli on hand derived from loans
Right to borrow on loans already author-

ized
Right to borrow in 1895 within the delt

limit for purposes not yet designated Right to borrow for Laying Out and Con

struction of Highways

2,509,074 00

717,162 91

Total resources for permanent improve-
ments

$17,725,321 43

St. 1894, Ch. 548.

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Estimated increase in revenue available for

department expenses for 1895-6 over department appropriations for 1894-5

$350,000 00

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In the Year One Thousand Eight Hundred and Ninety-four.

AN ORDINANCE TO AMEND CHAPTER THREE OF THE

REVISED ORDINANCES OF 1892.

Be it ordained by the City Council of Boston, as follous:

Section six of chapter three of the Revised Ordinances of 1892 is hereby amended in the twenty-first and twenty-sixth lines, so that said lines as amended shall read as follows, viz. :

The twenty-first line shall read: “The City Solicitor, seventy-five hundred dollars."

The twenty-sixth line shall read: "The Corporation Counsel, seventy-five hundred dollars.”

IN BOARD OF ALDERMEN, December 17, 1897.

Passed. 'Sent down for concurrence.

ALPHEUS SANFORD, Chairman.

IN COMMON Council, January 3, 1895.

Concurred.

CHRIS. F. O'BRIEN, President.

Approved, January 3, 1895.

N. MATTHEWS, JR., Mayor.

A true copy

Attest:

J. M. Galvin, City Clerk.

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In the Year One Thousand Eight Hundred, and Ninety-four.

AN ORDIVANCE TO AMEND CHAPTER THREE OF TILE

REVISED ORDINANCES OF 1892.

Be it ordained by the City Council of Boston, as follows:

Chapter three of the Revised Ordinances of 1892 is hereby amended in section six by striking out of the clause establishing the salary of the Clerk of Committees, in said section, the words "thirty-five hundred," and inserting the words " four thousand ” in place thereof.

IN COMMON COUNCIL, January 3, 1895.

Passed. Sent up for concurrence.

CHRIS. F. O'BRIEN, President.

IN BOARD OF ALDERMEN, January 3, 1895. Concurred.

ALPHEUS SANFORD, Chairman.

Approved, January 3, 1895.

N. MATTIEWS, JR., Mayor. A true copy Attest:

J. M. Galvin, City Clerk.

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