Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1903-08-07
LARGE SURPLUS ON HAND
City Treasurer's Report Shows Dallas
Finances to be in Prosperous
Condition.


That the finances Of the city OF
Dallas are being we'll handled and
managed is shown by the fact that the
cash balance in the treasury for the
year ending July 81 is larger than at
any like time in the last ten or fifteen
years, or probably in the history OF
the town. The report Of City Treasurer
w. G. Vassall, submitted to the coun-
Gil Monday evening, shows that the
amount on hand August l, after pay
ing all outstanding warrants, was
over $500. The balance has been
growing steadily for the past two
years, notwithstanding the fact that a
large amount of money has been spent
for improvements during that time.
Councilman A. B. Muir's plan Mon
day evening to set aside $500 Of this
surplus toward the payment Of the
City Hall debt of $250O met the ap-
proval of every member of the board,
and it is probable that this amount
will be loaned to help offstand the
interest on the Hall bonds. 1t is be-
lieved by the council that If sinking
fund is created now the annual inter-
est paid by the city will be materially
reduced, and that there will be ample
funds on hand to pay off the bonds
when the same fall due three years
hence.
Mayor Hayter presided over the
session of the council, which lasted
until 10 80 o'clock. The councilmen
present were Belt, Cosper, Muir and
Fuller; absent, Williams, Shaw and
Boals.
The quarterly reports Of the Mar
shall, Auditor and Treasurer were
read and referred to the Finance Com
mittee. The receipts for the quarter
in all three offices were heavy.
Claims against the city were allowed
as follows:
M. d. Coulter, sprinkling streets 5000
@. A. Black, hauling gravel. .... $40
J. J. Williams, salary .........."13.S5
j. L, Richter, labor r............ 2.25
VIM. Kersey, labor r,............. 1.5O
j. M. Grant, salary and fees. -. $500
M. D. Ellis, electric lights ,... 1891
An ordinance to amend the saloon
license ordinance was read first time.
This amendment provides that all
licenses shall be paid for a period of
six months instead Of three months as
at present, and that the penalty for
violating certain provisions Of the
such as selling liquor to
minors, or permitting minors to fire.
quent a saloon, shall be increased to
a forfeiture of license.
Councilman Muir brought up the
matter of setting aside $500 of the
general fund of the city to the City
Hall fund, and on motion of Council
man Cosper the finaHce committee
was instructed to ascertain the rate of |
interest that can be had for this sum
'or a period Of three years.
An ordinance providing for the con-
itruction of a new sidewalk on the
south and west side of the M. e.
Church property was ordered drawn.
The Auditor was instructed to notify |
3. r. Tuttle, D. j. Riley, M. E.
Jhurch South, Adventist Church and
Mrs. Mary Savage that the coun-
Ill will sit August II, at Z 80 o'clock
o hear and determine objections and
to the building of GER
ain sidewalk adjoining their respec-
i've premises.
The Street Commissioner was order
ID to notify the trustees of the
Christian Church to repair the walks
around the church property by re-
placing all broken planks.
The next meeting of the council
will be held Monday, August II.