Daily capital journal. (Salem, Oregon) 1903-1919, 1905-07-03

intendent Powers and Clerk Goodai.
were also in attendance.
\ Bills Ordered Paid
J. A. Simpson .............s 10.
To.1 d Todd. looms ........ 1896
Arthur Edwards, wood ...... 81 90
Weleh 4 Maurer .. ........70Q00l
=, J. c. Goodale, clerk ...... 37.5y
A contract prepared by Arehitec,
Pueh was presented for signature by
the Mcpherson Furnace company and
the district. for the putting in Of the
heating plant in the new high school
building. Action was deferred.
Upon motion the books Of the clerk
were ordered experted at his reques,
for the past year by Prot. staley, the
same compensation as last year.
The resignation Of Mrs. Carrie VI.
Ogle was received and accepted
The annual report Of City Superin.
teHdent Traver was read and placed
on file.
A petition Of patrons Of the Lin
coin school was presented asking the
reinstatement Of Miss Maude Meyers
as teacher 10 that school. and same
was placed on file
The finance committee. composed Of
II. g. Epley and A. A. Lee presented
a report and upon motion the chair.
man and clerk Of the board were au.
tHorized 20 carry out the reeommenda.
tion Of the same. which is as follows.
1--WE. your committee on finance. beg
leave 90 report: in part as follows
Realizing the necessity Of having
money enough 20 meet our obligations
20 the contractors Of the new high
school building. and after careful de.
Liberation, We have arrived at the con.
clusion that the easiest and most salts.
factory way 20 procure the required
amount Of money 20 meet the present
emergency and 70 run us until We issue
our popular loan or TO procure the
money in some other way 90 be devised
by the board. We would most respect.
fully recommend the following plan:
THAT We issue three notes Of $4,000
each, one payable 20 Lsdd a Bush. one
payable % the Capital National hank
and one 10 the Salem State bank. 90
draw 8 per cent interes, and 10 run
ninety days. At the time our next
payment falls due, 20 issue three more
notes for $1,000 each, on the same par.
ties, 20 draw the same rate and run
till October I, and AZ the date Of our
next payment We procure the balance |
needed in the same way and 20 run
until the same date.
"We find We will need DO the neigh.
borhood OF $4,000 70 meet our obliga
tions 20 October We would say fur
ther that we have interviewed tt. vari
Gus banks and they are willing 20 aG.
vance the money needed az the rate
stated above, and would also saw thstI
owing 20 the plain statement Of the
law, that no interest can be paid on
issued by the board either be-
fore or after the same has been signed |
by the clerk, We would recommend rf.I
foregoing plan"
City Superintendent Powers ass..
The feeling Of the board I'm regard ..
buying apparatus for science r..art. .
nent for the high school. ami r. ... I
7eloPed that the board favored .r
Investment. Prof. Powers thought -..-
about s4oo would be sufficient ia- ..'
present, and upon motion be- WI.
Tered to make written report ....
he subject for future meeting.
Prof. W. f. Fargo Of MsMlr.
college made application through u rr
tones for the position II ...-.a
eaeher.
IL was stated that Prof Co.rs
Miss Hiekeox expected O. vtls-....
rom the schools, bur 10 resF.
we're presented.
A ballot was taken 20 fu tie
y caused by the resignation h..
'gle with the following result. ,.
Z 'ken two votes and Mrs. .......
hree' The latter wa, declared ...-
Director Byrd, chairman of H..
a'ttee appointed To iuves-gst. r.
barge Of grating agaius, Prof rr.,.. '
p presented a statement 10 the .-,.- F,
bat Mr.. MePheaon aud has srsr. -
her could not come 70 salem. - --
ad but a day te remain IN P,r.rF
ef"Fe returning 20 Eastern O,.,.
or tins reason he proposed tssr ,
pseial commission We're sent 10 P,r,
md by the board Monday. tolsv ,,l,.
'Ae theF tePositious he would IA, su y
Npense OF same. For this reason ~.
'mnittee asked Tor further time mi,
.e'oF CFoisan objected, as he tbog,bt n y
roc Irayer ought n l.. s,,..--. ~