The Corvallis times. (Corvallis, Or.) 1888-1909, 1905-03-18
ITS PROVISIONS
Continued from page two

and treasurer aforesaid shall also
do and perform all such acts or du-
ties as may be required OF them, or
either of them, by the committee or
this act and they, and each of them
shall bold their Offices at the pleas
ure of the ommittee; and the clerk,
deputy clerk, and treasurer shall
receive such compensation as the
committee may from time to time
direct or prescribe.
SECTION 1.-THE committee may
also from time TO time employ or
discharge such other agents, work.
men, laborers and servants, at such
compensation or wages as it may
deem necessary and convenient for
the accomplishment of the purpose
ofthis act.
SECTION 12-Until said water
works are completed and turned
over to said commission as in Sec
ton II provided for, said commit
tes shall meet in the city for tine,
tr ansaction of business at least once
month, at such hour and place as
it may direct, and at such other
times as it may provide, and there
after said committee shall meet an.
nually for the election Of 8 member
of said commission, aud at such
other times as may be necessary to
fill vacancies in said commission,
or said committee.
! SECTION 13-For the purpose of
carrying the provisions Of this act
into effect, the committee is author.
ized to issue and dispose of bonds
of the city of the. denomination of
from 800 to 81 900, as the commit
tee may desire, with the, interest
coupons attached thereto, signed
by Its chairman and countersignsd
by its clerk, who shall afx the cor
porate seal of the city of Corvallis
thereto whereby the city shall be
held and considered in substance
and effect to undertake and promise
in consideration OF the premises, to
pay to the bearer of each of the said
bonds, at the expiration of 80 years
from the date thereof, the sum
named therein in gold coin of the
United States, together with inter-
est thereon in like coin at such rate
of interest as may be determined
by said committee, not exceeding
the rate of five per cent. per annum,
payable half yearly as provided in
said coupons: provided, that the
whole amount of bonds issued by
such committee shall never exceed
the sum OF $4,000: and provided
further, that said bonds shall ex.
press on the face thereof, that said
city OF Corvallis, at the option o1
said commission, shall have the op-
ton to pay said bonds at any time
after IL years from the date thereof
SECTION 14-Before issuing any
bonds as in the preceding section
provided, said committee shall
cause 10 be submitted to the lega'
vptais of the city of Corvallis, at a
special election appointed by said
, COMMITTEES for that purpose, the
i question whether Or rot such bonds
shall be issued for the purpose o.
carrying this act into effect.
l The committee shall designate
one place in the city for holding the
: election thsrein, and appoint three
Judges and two clerks of said cleo
/ tlon. No person shall be qua1ifiee
4 to vot. at such election who ha.
} rot been an actual resident of th,
city of Corvallis for six month";
: next preceding such election ane
: who does not possess the quali6ca
t ton of legal voter in the state o
Oregon; said election shall begin a
nine o'clock in the forenoon ane
continue until 6 o'clock in the af
!. ternoon of the same day without
closing the polls. If any judge 0
election fails to attend and serve a
the proper time, the voters ther
present may elect another In hi
place. IF any clerk of election fail
81 to attend and serve at the prope
time the judges of election may ap
: point another in his place. Judge
. and clerks shall possess the quslifi
;, cation of voters in the city of Cor
: wallis as above provided. Sait
judges shall not permit any one t
: vote at such an election who doe
: not possess the qualifications as il
: this section provided. Each per
> son voting at such election shall
!, have written or printed on his tick
ct, which shall be deposited in tn
ballot box provided by the com
S mittee for that purpose, if voting il
! favor of issuing bonds as in this &C
r provided, the words "For Bonds
: or words of like import; and if vot
III inc against the issuing of sal.