St. Johns review. (Saint Johns, Or.) 1904-current, 1904-12-23

moved from once.
Issue Of Bonds for Acquisition Of Pub.
lie Utilities.
Section n. For the ACQUISITION.
either by purchase or construction. OF
any public utility or for the erection Of
public buildings, or the purchase Of
public parks as in this charter pro
vided for, the city Of st. Johns is au-
thorized and empowered to issue and
dispose Of bonds of the city Of the de-
nomination Of from one hundred dol
lars to five hundred dollars, as the
council may determine. under the seal
OF the city with interest coupons at
tached thereto. The said bonds shall
be signed by the mayor and attested
by the recorder and the city by said
bonds when Issued and sold shall be
held and considered in substance and
effect to undertake and promise. in
consideration of the promises. TO nay
the bearer OF each OF said bonds at the
expiration Of the time for which they
are issued, the sum named therein. in
gold coin Of the United States together
with interest thereon in like coin, at
a rate Of not TO exceed six (G) per cent.
per annum, payable half yearly as pro.
vided In said coupons. The total
amount Of said bonds, that is the par
value thereof, shall not exceed the
cost price Of the public utility or prop.
erty for which they are issued. All
such bonds must be sold by the coun-
ell after advertising the sale thereof
In at least one local newspaper anu
one financial paper in New York City.
Sealed bids only shall be taken for
such bonds and they shall be sold to
the highest responsible bidder, but
among equal bidders preference in the
sale and allotment shall be given TO
bidders residing in the state of Ore.
gon. The council shall have power to
reject any and all bids and to readver.
tise for bids for the same. All bonds
Issued by ST. Johns under this act
shall be exempt from taxation either
by the state of Oregon. or BY any
county or municipal corporation there
In. The council shall fix BY ordinance
the time when bonds shall be due and
payable but no bonds tother than i'm.
provement bonds issued In pursuance
OF an act OF the legislature of the state
OF Oregon, entitled AN act TO provide
FOR the issuance Of bonds for the i'm.
provement OF streets and LAYING .of
sewers In Incorporated cities, and for
the payment Of the cost Of Fuch i'm
and laying Of sewers by
filed In the ONCE of tho
secretary Of state. February %, fSgJ,
~ amended by an act entitled AN act
10 amend sections I. 2. 2. 4, 3, q. and 7
N an ac' entitled. An act to provide
Tor the issuance of bonds for the I'm.
provement Of streets and laying OF
sewers In Incorporated cities. and for
he payment Of the cost of such i'm.
and laying Of sewers by
nstallmcntA' filed In the ONCE Of tho
.ecrciary Of state. February %. isga,"
He'd In the once Of the secretary ~
tate. February IS. 1901 shall be for
shorter period than ten u0b years
Tor for a longer period Than thirty
30) years.
Recorder.
Section rs. I. There shall be re-.
order Of 81. Johns who shall have
'een n duly qualified voter of the city
or at least two years next preceding
In election; he shall be elected by the
cople and shall hold his ONCE for two
~ years and until his successor In M.
ointed or elected and has qualified
he recorder shall give bonds for the
iithful performance OF his duties. Ha
hall receive q monthly salary Of. ....
he recorder shall have one or more
equities or clerks aa the council may
2. The recorder IN hereby author.
ed 20 administer an oath and certify
ny acknowledgment authorized or re.
iired 10 be taken by any ordinance
81. Johns or law Of Oregon. and he
nv require any person presenting for
'ttlement an account or claim OF any
nd against the city. To be sworn be-
re him as TO the validity OF said ae-
unt or claim. and when so sworn to
Iswer orally as To any facts relative
the merits or justice Of said account
claim,
ities-of Recorder.
J. The recorder II the accounting
a clerical officer OF the city. He
all be In personal attendance at his
Ice daily during once hours. He
all receive and preserve In his once
accounts, books, vouchers, docu-
'nts and papers relating 10 the ac-
units and contracts OF the city, It's
BITS. revenues. and other financial
airs. He shall give information as
the exact condition OF the treasury
4 Of every appropriation and fund
'reof upon demand OF the mayor,
council or any committee thereof.
shall be the custodian OF the city
] and shall perform such other du-
} as this charter or the council may
ect
;order to Keep Accounts OF Moneys;
Audit All Demands.
The recorder shall keep an ae-
mt OF all moneys paid into and out
he treasury. Any ordinance or res.
lion providing for the payment OF
demand ort OF the treasury,
sther from public funds or from pri-