tax law, which was the actual owner of such real estate and entitled to such exemption, during the time when the taxes, assessments or Croton water rents, from which it seeks relief, accrued and became liens thereupon. It appears from the petition submitted, which is duly verified, that the petitioner is a corporation incorporated under the Laws of the State of New York, and is the owner in fee simple of the above described premises, having acquired the same on or about the years 1874 and 1908; that it has owned the above described premises continuously since said date and is still the owner thereof, and that the same now are and have always been exempt from local taxation, under said provision of the tax law, during the periods when the liens hereinafter set forth accrued. Said premises are used for church purposes. It appears from an examination of the Assessment Rolls that lot 36 has been exempt from local taxation for the year 1899 and since, and lots 38 and 4 for 1909 and since, and the assessed valuation for the year 1916 is $22,300 for all. It further appears from the records of the Bureau for the Collection of Assessments and Arrears that the following assessments for local improvements were levied against said property and are now open and unpaid on the records of the Department, namely: Assessment. "Sewer in the line of 43rd St. from the Pier Head Line to the Bulkhead Line, etc." (confirmed and entered Dec. 23, 1915): No. 573, ward 2, block 282, lot 38.. $40 00 32 00 19.40 The records of this department show no awards paid or payable to petitioner and no lease to The City of New York affecting the property hereinbefore described. The total amount involved as principal in the above assessments is $91.40. The property affected by these assessments is located in the Borough of Queens, Louna Ave. The Treasurer, Mr. James McCron, in response to a request, has submitted a financial statement for the last fiscal year, showing the total receipts from all sources to be $2,294.71 and the expenditures for all objects, $2,195.68, leaving a balance of $99.03. It appearing, therefore, that the petitioner was the actual owner of the real estate in question and entitled to have the same exempted from taxation during the time when said liens, above mentioned, accrued and became a lien thereupon, I am of the opinion that the petitioner has presented a proper case for relief to the Commissioners of the Sinking Fund of The City of New York, under the provisions of section 221A of the Greater New York Charter, and I, therefore, certify my approval of the application of the Union Evangelical Church, Corona, L. I., pursuant to the provisions of such section of the Charter, and recommend the liens, above set forth, be cancelled upon the payment of $10 provided that, at the time of such payment, said corporation furnish proof, by affidavit, that it is the actual owner of the property affected and that the same is not under contract of sale. ALEX. BROUGH, Deputy and Acting Comptroller. Resolved, That upon payment of the sum of ten dollars ($10.00), the Commissioners of the Sinking Fund, by unanimous vote, hereby authorize and direct the Comptroller, pursuant to the provisions of Section 221-A of the Charter, to cancel the following assessments levied and assessed against property owned by the Union Evangelical Church, Corona, L. I., provided that at the time of such payment said corporation furnish proof by affidavit that it is the actual owner of the property affected and that the same is not under contract of sale. Assessment. "Sewer in the line of 43rd St. from the Pier Head Line to the Bulkhead Line, etc." (confirmed and entered Dec. 23, 1915) : No. 573, ward 2, block 282, lot 38. No. 4263, ward 2, block 855, lot 36. $40 00 32 00 No. 4279, ward 2, block 856, lot 4. 19.40 The report was accepted and the resolution unanimously adopted. The S. R. Smith Infirmary-Petition of, for the Cancellation of Certain As sessments. The Deputy and Acting Comptroller presented the following report and offered the following resolution: April 14, 1916. To the Honorable the Commissioners of the Sinking Fund of The City of New York: Gentlemen-The S. R. Smith Infirmary has presented to you a petition for the cancellation of certain assessments for public improvements affecting premises in the Borough of Richmond, designated on the official tax map as ward 1, district 2, plot 6, block 5, lot 1. This application is made pursuant to the provisions of section 221A of the Greater New York Charter, which provides that the Commissioners of the Sinking Fund of The City of New York, upon the written certificate of the Comptroller of said City approving the same, may, in their discretion, and upon such terms as they may deem proper, by a unanimous vote cancel and annul all taxes, assessments and Croton water rents, and sales to said City of any and all of the same, which at the time said section became a law were, or might hereafter become, a lien against any real estate owned by any corporation, entitled to exemption of such real estate owned by it from local taxation under article one, section four, subdivision seven of the Tax Law, which was the actual owner of such real estate and entitled to such exemption, during the time when the taxes, assessments or Croton water rents, from which it seeks relief, accrued and became liens thereupon. It appears from the petition submitted, which is duly verified, that the petitioner is a corporation incorporated under the laws of the State of New York, and is the owner in fee simple of the above described premises, having acquired the same on or about the year 1887; that it has owned the above described premises continuously since said date and is still the owner thereof, and that the same now are and have always been exempt from local taxation, under said provision of the tax law, during the periods when the liens hereinafter set forth accrued. Said premises are used as a public hospital. It appears from an examination of the Assessment Rolls that said property has been exempt from local taxation for the year 1908, and since, and the assessed valuaation for the year 1915 is $178,500. It further appears from the records of the Bureau for the Collection of Assessments and Arrears that the following assessments for local improvements were levied against said property and are now open and unpaid on the records of the Department, namely: Assessments. "Paving, etc., Castleton Ave., from Brighton Ave. to Cebra Ave." (ent. June 16, 1910). No. 100, Ward 1, District 2, plot 6, block 5, lot 1, $621.46. "Crosswalks, Webster Ave." (ent. Apr. 18, 1911). No. 1, Ward 1, District 2, plot 6, block 5, lot 1, $24.45. The records of this department show no awards paid or payable to petitioner and no lease to The City of New York, affecting the property hereinbefore described. The total amount involved as principal in the above assessments is $645.91. The property affected by these assessments is located in the Borough of Richmond, on block bounded by Castleton, Stanley and Webster Avenues, Tompkinsville. The President of the Board of Trustees, William L. DeBost, in response to a request, has submitted a financial statement for the last fiscal year, showing the total receipts from all sources to be $69,119.82 and the expenditures for all objects $88,373.45, leaving a deficit of $19,253.63. In this statement it is shown that during 1915 there were 18,673 days of treatment for paid patients, the loss on these was 58 cents per day, or $10,830.14; there were 19,212 days of treatment for charity patients, for which the City made an allowance and on which there was a loss of $1.25 per day, or $24,015; there were 3.153 days of free treatment, on which the loss was $2.25 per day, or $6,868.25. The loss on patients was The total cost of operation was. $41,713 39 88.373 45 It appears from the foregoing that the proportion of the free work of the hos pital to the pay work is approximately .47314 free work and .52686 paid work. On this basis an equitable adjustment of the matter will be to cancel the aggregate amount of the open charges, to wit, $645.91, upon the payment by the petitioner of 52 per cent. thereof It appearing therefore that the petitioner was the actual owner of the real estate in question and entitled to have the same exempted from taxation during the time when said liens above mentioned accrued and became a lien thereupon, I am of the opinion that the petitioner has presented a proper case for relief to the Commissioners of the Sinking Fund of The City of New York, under the provisions of section 221A of the Greater New York Charter, except as to the proportionate part of such liens which I have refused to certify for cancellation, and I therefore certify my approval of the application of the S. R. Smith Infirmary to the extent that I have herein indicated as proper, pursuant to the provisions of such section of the Charter, and recommend the liens above set forth be cancelled upon the payment of three hundred and twenty-five 87-100 dollars ($325.87), provided that payment be made within sixty days from the date of the resolution authorizing such payment, and provided that at the time of such payment said corporation furnish proof by affidavit that it is the actual owner of the property affected and that the same is not under contract of sale. ALEX. BROUGH, Deputy and Acting Comptroller. Resolved, That, upon payment of the sum of three hundred and twenty-five dollars and eighty-seven cents ($325.87), within sixty days from date, the Commissioners of the Sinking Fund, by unanimous vote, hereby authorize and direct the Comptroller, pursuant to the provisions of section 221-A of the Charter, to cancel the following assessments levied and assessed against property owned by the S. R. Smith Infirmary, in the Borough of Richmond, provided that at the time of such payment said corporation furnish proof by affidavit that it is the actual owner of the property affected, and that the same is not under contract of sale. Assessments. "Paving, etc., Castleton Ave., from Brighton Ave. to Cebra Ave." (entered The report was accepted and the resolution unanimously adopted. Report of the Comptroller Relative to Bonds Sold April 19, 1916. The Deputy and Acting Comptroller presented the following: To the Commissioners of the Sinking Fund: $621 46 May 9, 1916. 24 45 Gentlemen-I transmit herewith a detailed report of the sale of corporate stock of The City of New York for fifty-five million dollars ($55,000,000), held April 19, 1916, with a recommendation that it be ordered printed in the minutes and filed. EDMUND D. FISHER, Deputy and Acting Comptroller. Very truly yours, Proposals received on April 19, 1916, in response to the advertisement of the Comptroller, dated April 8, 1916, for $55,000,000 of four and one-quarter per cent. corporate stock of The City of New York, exempt from taxation (as hereinafter more particularly described), principal and interest payable in gold coin of the United States of America of the present standard of weight and fineness. Description of Stock. $40,000,000 of corporate stock of The City of New York (for docks, rapid transit, various municipal purposes and the supply of water); payable both as to principal and interest in gold in the City of New York, due April 1, 1966. Interest payable semiannually on April 1 and October 1. Issued in coupon form and interchangeable, denomination of $1,000 for coupon bonds, or registered form in any multiple of $10. Corporate Stock (Serial). $15,000,000 of corporate stock (fifteen year seria!) of The City of New York (for various municipal purposes). Payable both as to principal and interest in gold in The City of New York. Maturing annually from April 1, 1917, to April 1, 1931, inclusive. Interest payable semi-annually, April 1 and October 1. Issued in coupon form in the denomination of $1,000, or in registered form in any multiple of $10 for each maturity. Privilege of registration given to coupon holders. Bids will be received only on the basis of a single price for an entire series, for example: A single bid for $15.000 is a proposal for fifteen $1,000 items maturing from one to fifteen years. Bids will not be accepted for separate maturities. |