REPORT OF THE OFFICERS OF THE BOARD. 9 
hereby to return to Mr. Gurney, and to order of record on its minutes, 
the expression of its grateful appreciation of his long and faithful serv- 
ices, its request that he will still remain connected with the Garden 
under the honorable title of “Head Gardener Emeritus,”’ accorded to 
him, and its earnest wishes for health and peace and happiness to attend 
and crown the well-earned rest of his evening tide of life. 
We herewith submit for your consideration the financial 
results for the year ending December 31st, 1903. 
The income from rentals for the past year has exceeded 
the former year $3,008.88 and in view of the large and 
steadily growing demand for commercial buildings, at 
increased rentals, we have been able in many instances to 
secure decided advances and a further increase of $9,000.00 
over last year is anticipated. 
We were enabled to dispose of a piece of property 
located at Main and Vine streets, for terminal purposes, for 
$62,500.00 and have invested $42,690.08 of the amount in 
the erection of a large six story factory building at the 
corner of Main and Market streets, which was finished in 
August and was at once occupied, on a long lease ata 
profitable rental. 
We have disposed of only one lot of ground, 70 feet, on 
Flora Boulevard, during the year, upon which a residence 
costing $17,000.00 is now being erected, but we are nego- 
tiating for further sales on the same street. 
The large sewer on Thurman avenue, which serves much 
of the residence land belonging to the Board, has been 
finished, and our portion of the cost, $11,600.00, will be paid 
during the present month. Other sewers are either under 
construction, or being planned, which will, during the next 
two years, necessitate an additional expenditure on the part 
of the Board of not less than $35,000.00. 
Necessary repairs have been made to the buildings 
belonging to the Board, and in one case $6,355.33 was 
expended in reconstructing « building ; and the properties of 
the Board are in fairly good condition and all are occupied. 
No permanent extensive improvements were made at the 
> 
