500 



NEW YORK CITY. 



A. FUNDED DEBT OF THE CITY OF NEW YORK AS NOW 

 CONSTITUTED, ISSUED SUBSEQUENT TO JAN. 1, 1898. 



1. Payable from the sinking 

 fund of the city of New 

 York under the provisions 

 of section 306 of chapter 



878 of the Laws of 1897 .... 817,966,817 24 



2. Payable from the water 

 sinking fund of the city of 

 New York under provisions 

 of section 10, Article VIII, 

 of the Constitution of the 

 State of New York, and 

 under section 208 of chapter 



378 of the Laws of 1897 .... 3,150,00000 



3. Payable from taxation. . . 8,179,065 59 



4. Payable from assessments 



and the city treasury ...... 868,424 08 



B. FUNDED DEBT OF THE CITY OF NEW 

 YORK AS CONSTITUTED PRIOR TO JAN. 

 1, 1898, ISSUED PRIOR TO THAT DATE. 

 Boroughs of Manhattan and the Bronx. 



1. Payable from the sinking 

 fund for the redemption of 

 the city debt (first lien) un- 

 der ordinances of the Com- 



mon Council ............... $1,865,900 CO 



2. Payable from the sinking 

 fund for the redemption of 

 the city debt (second lien) 

 under the provision of sec- 



tion 213 of chapter 378 of 



the Laws of 1897 



8. Payable from the sinking 

 nption of 



9,700,000 00 



fund for the redemp 



the city debt under the 



provisions of section 229 of 



chapter 378 of the Laws of 



1897 112,130,394 70 



4. Payable from the sinking 

 fund for the redemption of 

 the city debt under the pro- 

 visions of section 1 of chap- 

 ter 79 of the Laws of 1889 .. 9,823,100 00 



5. Payable from the sinking 

 fund for the redemption of 

 the city debt No. 2 under 

 the provisions of the con- 

 stitutional amendment 

 adopted Nov. 4, 1884, and 

 of section 10, Article VIII. 

 of the Constitution of the 



State of New York 41,977,000 00 



6. Payable from taxation . . . 35,819,402 87 



7. Payable from assessments 



and the city treasury 10,600,536 21 



C. FUNDED DEBT OF CORPORATIONS IN 

 THE BOROUGH OF BROOKLYN, INCLUD- 

 ING KINGS COUNTY, ISSUED PRIOR TO 

 JAN. 1, 1898. 



City of Brooklyn, including Annexed 

 Towns. 



1. Payable from the sinking 

 fund of the city of Brook- 

 lyn under the provisions of 

 chapter 488 of the Laws of 

 1860 and amendments 



thereto $8,697,000 00 



2. Payable from the sinking 

 fund of the city of Brook- 

 lyn under the provisions of 

 chapter 572 of the Laws of 

 1380 and chapter 443 of the 



Laws of 1881 2.350,00000 



8. Payable from the sinking 

 fund of the city of Brook- 

 lyn under the provisions of 

 chapter 618 of the Laws of 



1895 7,065,567 41 



4. Payable from the water 

 revenue under the provi- 

 sions of chapter 896 of the 

 Laws of 1S59, and acts 

 amendatory thereof and 

 supplementary thereto 16.800,749 76 



5. Payable from taxation . . . 24,861,543 73 



9. Payable from assessments 6.150,614 00 



Kings County. 

 7. Payable from taxation. . . 14,575,892 83 



221,916,333 78* 



80,500,867 73 



D. FUNDED DEBT OF CORPORATIONS IN 

 THE BOROUGH OF QUEENS ISSUED 

 PRIOR TO JAN. 1, 1898. 



1. Payable from the special 

 sinking fund of Long Is- 

 land City for the redemp- 

 tion of revenue bonds un- 

 der the provisions of chap- 

 ter 782 of the Laws of 1895. $342,000 00 



2. Payable from sinking fund 

 under the provisions of 

 chapter 122 of the Laws of 



1894 35,000 00 



3. Payable from water reve- 

 nue 751 500 00 



4. Payable from taxation... 6,064.500 02 



5. Payable from assessments 357,221 20 



E. FUNDED DEBT OF CORPORATIONS IN 

 THE BOROUGH OF RICHMOND, INCLUD- 

 ING RICHMOND COUNTY, ISSUED PRIOR 

 TO JAN. 1, 1898. 



Payable from taxation $3,136,798 20 



3,136,798 20 



Total funded debt $343,269,127 84 



II. TEMPORARY DEBT. 



Issued inanticipation of taxes 

 of 1898 $7,COO 00 



$7,550,221 22 



Total bonded debt. 



7,60000 



SUMMARY. 



$343,276,727 84 

 $343,269,127 8 1 



Total gross funded debt 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of 

 sinking fund No. 1 $70,215,866 68 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of 

 sinking fund No. 2 15,869,678 81 



Less amount held by the 

 commissioners of the sink- 

 ing fund of the city of 

 Brooklyn 6,970,74638 



The bonds held by the spe- 

 cial sinking fund of Long 

 Island City for the redemp- 

 tion of revenue bonds have 

 not yet been approved and 

 are not included in the 

 above statement. 99,056,291 87 



Net funded debt $244,212,825 97 



Revenue bonds 7,600 00 



* Of this amount $9.383.700 was originally issued as debt 

 of the county of New York prior to the consolidation of the 

 county and city of New York. 



Net bonded debt $244,220,435 97 



In the year bonds and corporate stock of the city 

 were issued as follow: For public buildings, $4.- 

 755.293.31; for public parks, $2,355,050.38; for 

 bridges, $3,378,844.83 ; for repavement of roads and 

 drives, $1,072,740; for water supply, $3,150; for 

 docks, $3,675,294.54 ; for condemnation of rear tene- 

 ments, $33,045.78 ; for street openings, $2,696,548.- 

 50 ; for local improvements, $868,424.08 ; special 

 revenue bonds, $8,179,665.59; a total of $30,164,- 

 906.91. The tax rate for Manhattan and the Bronx 

 was at the rate of $2.01 for each $100 of assessment. 

 This was lower than that of 1897, which was $2.10, 

 and .also lower than that of 1896, which was $2.14. 



Constitutional Limit of the City Debt The 

 question of the limit of the city debt was agitated 

 soon after Mayor Van Wyck took office, and the 

 Comptroller was ordered to report on its condition. 

 He presented, on April 22, an elaborate statement 

 in which he showed that the assessed valuation of 

 real estate in the former city of New York on D'JC. 

 31, 1897, was $1,787,186.791, and the net bonded 

 debt, excluding revenue bonds of 1897 and deduct- 

 ing securities held by the sinking fund, was $138,- 

 855,361.27, being $39,863,317.83, less than 10 per 

 cent, of the assessed valuation. By the consolida- 

 tion effected by the charter there was added to the 

 city territory, of which the assessed valuation of 

 real estate was $675,948,896 and the net bonded in- 



