Town of Salisbury, New Hampshire Annual Report 1979

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Art. 4. Re: Reports of officers of town, agents, auditors and committee heretofore chosen.
Moved, seconded to accept reports as printed in Town Report. Vote — AFFI RMATIVE.
Art. 5. Re: Authorizing Selectmen and Treasurer to borrow money on notes of Town in an- ticipation of taxes. Moved, seconded to accept article as read. Vote — AFFIRMATIVE.
Art. 6. Re: Vote to use $3,500.00 of Capital Reserve Fund interest for road maintenance in Flood Control Basin. Moved, seconded to accept article as read.
... Vote — AFFIRMATIVE.
Art. 7. Re: Vote to transfer $1,500.00 from unencumbered surplus to the Town Hall and Park- ing Lot Capital Reserve Fund. Moved, seconded to accept article as read. Discussion followed regarding surplus, to wit: Care should be taken not to overextend use of surplus, how surplus accumulates, the financial condition of the Town at present solvent and fortunately, to date avaoiding borrowing in anticipation of taxes. Vote on article — AFFI RMATIVE.
Art. 8. Re: Vote to transfer $3,000.00 from unencumbered surplus to the Fire Equipment Capital Reserve Fund.


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