STATEMENT J.
Showing the Funded Debt of the State, as of the 30th Day of September, 1908.
CHARACTER OF LOANS.
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Amount of
Loans.
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Maturity
of Loans.
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For What Account.
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3 per cent. Consolidated Loan of 1899, per Chapter 219
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|
|
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of 1898....................................
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$3,253,926 13
|
1914
|
Exchange of State Debt and
|
|
|
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for New Public Buildings.
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3 per cent. State Building and Improvement Loan, per
|
|
|
|
Chapter 607 of 1900.......................
|
.500,000 00
|
1915
|
Public Buildings.
|
3 per cent. State Loan of 1902, Chapter 200 of 1902. . . .
|
600,000 00
|
1917
|
Public Buildings.
|
3.50 per cent. Public Buildings Loan, Chapter 228 of 1904.
|
1,625,000 00
|
1919
|
Public Buildings.
|
3.50 per cent. State Roads Loan, Chapter 141 of 1908 .....
|
100,000 00
|
1923
|
State Roads.
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Making an aggregate of .................................
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$6,078,926 13
|
|
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As an offset to this debt, the State holds the following
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Bonds and Stocks on which interest or dividends have
|
|
|
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been promptly paid, to wit:
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Stock of the Annapolis Water Company......$ 30,000 00
|
|
|
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Stock Farmers' National Bank of Annapolis. 46,470 00
|
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Stock of Baltimore and Fredericktown Turn-
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pike Co.................................. 11,000 00
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Bonds of the Northern Central Railway —
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Mortgage ................................ 1,500,000 00
|
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Stocks and Bonds to credit of the Sinking
|
|
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Funds ................................... 4,124,812 22
|
|
|
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5,712,282 22
|
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Net Debt after productive stocks held by
|
|
|
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State and the Sinking Funds are deducted................
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$366,643 91
|
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