The daily journal. (Salem, Or.) 1899-1903, 1902-12-17

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been adopted and embodied in th'
charter
The Financial Clause.
Salem, Ore, Nov. II, 1902.
To Hen. John II. McNary,
Chairman:
We, your subcommittee TO revise
Sections 20 and "A of the City Charter
respectively report as follows:
That said Section 23, be amended
so as to read as follows:
Section 90. The common council
shall not in any manner create any
debt or liability; provided, that al
the end of each year an estimate shall
be made Of the actual revenues to
be derived from all sources, and from
the total OF that estimate the total
Of fixed charges shall be deducted
and the disbursements Of the city
council shall be restricted TO the bal.
ance. No debt shall be contracted i'm
excess Of the estimated revenue, ex.
cept in the case Of an emergency or
unforeseen calamity, or except as 9TH
erwise provided herein, the council
may call an election to determine
whether the city shall incur an in.
debtedness TO meet such an emer-
gency or calamity and upon two
thirds of those persons who are quail.
fed voters of, and who pay taxes on
property within said city voting at
such election being in favor Of
authorizing the council to incur the
proposed Indebtedness, they may then
contract the same, but said indebt.
edness shall not exceed the sum OF
S20,0OO,OO. If the council shall vote
to incur Indebtedness In excess Of the
amount estimated or authorized by
the election aforesaid any member
voting for It shall upon trial and con.
yiotion therefor, be deemed guilty of
a misdemeanor and shall be punished
by a fine of not less than $4,000. nor
more than $4,000, and shall forfeit
his Office as councllman provided.
that if through the loss of anticipated
revenue. or by the vote of the quail.
fed tax payers as aforesaid, the
floating debt Of said city shall at any
time amount to or exceed Five Thous.
and Dollars, or IL at the maturity of
any bonded debt OF said city. no pro,
vision shall have been made for the
payment thereof, and said city Is
without money TO pay such indebted.
ness. the common council may and
Is hereby authorized 10 borrow money
in the name OF said city in sufficient
amount to pay such Indebtedness. by
giving the note or notes of said city
or by the sale Of bonds thereof, at a
price not less than the face value
thereof. payable on or before ten
years after date and to bear interest
at a rate not TO exceed four per cent
per annum, but all notes so given
shall not contain any agreement on
the part OF said city to pay any at
torney fee for the collection thereof,
provided. however, that the common
council shall not have the power 10
issue any bond or bonds. note or
notes as in this section provided, until
at an election called by said council
for that purpose. the majority OF the
qualified voters OF and who pay tax
upon property in, said city, voting
at said election, vote in favor OF is.
suing such proposed bond or bonds,
note or notes. Said council shall give
at least fifteen days notice Of said
election, by publishing the same in
some newspaper of general circula-
tion in the City of Salem, and by post
ing said notice in there places in said
City.
Road and Poll Taxes.
That Section "A OF the City Charter
be amended so as to read as follows:
Section "a. The power and author
ity given by the general laws OF the
State Of Oregon to the County Court
of Marion County 10 divide said
county into road districts to appoint
road supervisors. to lay out and work
highways, to license the sale of liq-
uors, to grant ferry license, aud to
levy tax upon all taxable property
of said county to be used in building
and lmproylng the public or County