1 Debt, excluding Debts outside of limit and deducting Sinking- $15,164,561 41 Two per cent. on $850,076,262 average valuation for five years, less abatements Debt as above $17,001,525 24 15,164,561 41 Right to borrow, under chap. 178, Acts of 1885, December 31, 1894 Less loans authorized but not issued, inside of limit $1,836,963 83 1,490,000 00 $346,963 83 Debt, excluding Debts outside of limit and deducting $15,163,561 41 Two per cent. on $850,076,262 average valuation for five years, less abatements $17,001,525 24 Debt as above 15,163,561 41 Right to borrow, under chap. 178, Acts of 1885, December 31, 1894 $1,837,963 83 Average valuation for five years, less abatements, to De Right to borrow, January 1, 1895, under St. 1885, ch. 187 $2,432,737 35 Less loans authorized but not issued 1,490,000 00 $942,737 35 Carried forward $942,737 35 Table No. 22. LOANS AUTHORIZED BY SPECIAL STATUTES. Outside of the Debt Limit from 1885 to 1895. 1 $2,500,000 in addition to the cost of land. Cost of land, $1,056,469.69; $2,781,000 authorized by City Council. Never approved by City Council. 3 Not exceeding $1,000,000 each year, and not exceeding $3,000,000 in all in excess of the sinking funds. The debt authorized in 1891 ($500,000) inside of debt Hmit; debt authorized thereafter is outside of debt limit. * Act accepted by city, but superseded by Rapid Transit Act of 1894. 1 Chap. 282, Acts of 1893, authorizes the city of Boston to take land for a public park or playground in Wards 6 and 7, the assessed valuation of said land not to exceed $300,000; also authorizes the expenditure of $50,000 for preparing said land for public use. 2 Chap. 548, Acts of 1894, authorizes the city of Boston to borrow not exceeding seven millions of dollars to promote Rapid Transit, and such further amount for Charlestown bridge and its approaches, in addition to the seven hundred and fifty thousand dollars heretofore appropriated by the city council, as may be necessary for the completion of said bridge and approaches. |