Name/Title
IRS Tax Exemption 1951-1952 Question 17Entry/Object ID
1701Scope and Content
Document Transcription: MW-1550
STATEMENT IN ANSWER TO QUESTION 17 ON "EXEMPTION APPLICATION" ON U.S. TREASURY DEPARTMENT FORM 1025 OF THE WILLIAM BULL AND SARAH WELLS FAMILY ASSOCIATION, INC.
The corporation's annual meeting is held on the
last Wednesday in August of each year and the Treasurer makes
a statement of the Association's financial affairs as of
July, in each year to be sent out to the members with a notice
of the annual meeting. Attached hereto is a copy of the
notice of the annual meeting ~~to be~~ held on August 27, 1952
as sent to the members of the Association. The Treasurer's
report, as printed in this notice, for the period beginning
July 1, 1951 and ending July 10, 1952, sets forth all the
receipts and disbursements of the corporation during the said
period. If any further itemization of said receipts and disbursements is desired, it will be furnished on request.
STATEMENT OF ASSETS AND LIABILITIES OF THE CORPORATION AS OF JULY 10, 1952:
Real Estate in the Town of Hamptonburgh, Orange County
consisting of approximately acres assessed at $
Plot of ground rectangular in form, 25 ft. X 15 ft. surrounding
a monument set in the fence on the Goshen and Washingtonville
road for which the Association paid $100.00 and which is un-
assessed - Value $100.00
Personal property consisting of contents of
house and camp chairs, tables, etc. for use at
picnics, insured for 2,500.00
Balance in checking account in Citizens Bank,
Monroe, N. Y. 948.35
Endowment Fund -
Balance in Newburgh Savings Bank 5,278.05
3 shares of Chester National Bank stock "E" $100.00 U. S. Bond