STATEMENT J.
Showing the Funded Debt of the State, as of the 30th Day of September, 1909.
CHARACTER OF LOANS.
|
Amount of
Loans.
|
Maturity
of Loans.
|
For What Account.
|
3 per cent. Consolidated Loan of 1899, per Chapter 219
|
|
|
|
of 1898....................................
|
$3,253,926 13
|
1914
|
Exchange of State Debt and
|
|
|
|
for New Public Buildings.
|
S 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......
|
740,000 00
|
1923
|
State Roads.
|
Making an aggregate of..................................
|
$6,718,926 13
|
|
|
As an offset to this debt, the State holds the following
|
|
|
|
Bonds and Stocks on which interest or dividends have
|
|
|
|
been promptly paid, to wit:
|
|
|
|
Stock of the Annapolis Water Company......$ 30,000 00
|
|
|
|
Stock Farmers' National Bank of Annapolis.. 46,470 00
|
|
|
|
Stock of Baltimore and Fredericktown Turn-
|
|
|
|
pike Company............................. 11,000 00
|
|
|
|
Bonds of the Northern Central Railway —
|
|
|
|
Mortgage ................................ 1,500,000 00
|
|
|
|
Stocks and Bonds to credit of the Sinking
|
|
|
|
Funds .................................... 4,451,479 72
|
|
|
|
|
6,038,949 72
|
|
|
Net Debt after productive stocks held by
|
|
|
|
State and the Sinking Funds are deducted ..............
|
$679,976 41
|
|
|