Daily capital journal. (Salem, Oregon) 1903-1919, 1911-10-07

levy to be certified by the City Clerk to
the county clerk, who shall extend the said
tax In a proper column upon the county
tax roll, and the same shall be collected
by the officer collecting the county tax
and shall be by him turned over to the
City Treasurer within ten (10l days after
he has collected the same provided, that
the tax levy as certified up to the County
Clerk shall be In one sum and shall be
entered In column headed salem Tax"
Neither the Sheriff, nor the, Tax Collector
OF Marion County, nor said county shall
| receive fees or compensation for collecting
such taxes.
| II the Board fail In any year to make
said tax levy as above provided. then the
rate last fixed shall be the rate fixed for
the ensuing fiscal year.
The amount required to make payment Of
any interest, sinking fund or principal OF
bonded Indebtedness may be Included In
and met by tax levy, except as otherwise
provided for In this Charter
The taxing power shall be used for mu-
niclpal purposes only, and no donations,
subsidies, or bonuses shall be granted from
the peoples money.
Sec. "A. No Liability Without Appro-
priatlon-Neither the Board nor any OF
ficer or employe OF the City shall have
authority to make any contract involving
the expenditure Of pHblie money, or impose
unless and until definite amount of
money shall have been appropriated for
the liquidation of all pecuniary liability of
tne Wv, uhuer suCh CohlIuct Ut ~ couse,,
quence tnereot TO mature during the period
covered py the appropriations Such con-
tract snail be "a0 initio' null and void as
to the City for any other or further liza
bility; provided, first that nothing herein
contained shall prevent the Board from
contracting LIABILITY Tor payment or any
| expense, the necessity OF whlch Is caused
Dy any casualty, accident or UNFORESEEN
contingency arising, AFTER the passage OF
vided that the total amount Of such ex-
| durinC anv ono fiscal vaor I,his %sactioU
shall nor onhlv 10 confrScts or IohiiitIes
for the mSklng NJ Sny imnrovamsnJs tbs
cost nf ,,hIch Shall h saSoi @ tte t
TTss nronopt St Wcn snS On SssesSeu upon tne
nnrovemsnt provided fnrtbar tho ROAD
nav make snc6 sneciai nnnronrIo rI t,am nV'rS NJ
NAV he necessary to nnv Xxx seiariss and
defray the EXPENSES pof ali dsnartmsntS
officsrs md smnloyes ~ M Mtha Tltr dnrIn,,
Tho vaSr mo and NAV ~ co,,se , 20 iSsnn5
warrants for the NM nSyyment thereof snd
may mako srch nnnronrint tlone ~ ~ ,,an
eraI funds ~ tha Cjtv for soid vear as
they may deem expedient and any actual
necessary expenses either for payment OF
officers salaries, employees or agents, of
the City during said year shall not be
deemed and considered within the limlta-
tlOns of Indebtedness herein provided.
Sec TX Limitation of Citv Indahtad-
ness Dxcent as herein otharHisa nrovjded
no lndebtedness shall ha incurped nor
bonds Issued FOR tha nurnosa os mn Inc
nI
incurrIng such indebtedness mdIlng such
IMPROVEMENT and The issionca of bonds
therefor shall he snhmitted at n General
or special election called for sScb nnrnose
no such jndehtedness shall no Incnrrsd nor
nnv such bonds he issmed nniass at snch
! election two-fhirds C2-3l Of the nuaiified
/, electors otlng at such election shall vote
;; !" n rsso' tueleo,'
doemed necessars rssiCaers o oIS IIS o,t wneneEer yer
tbe v',rse ea spee,at eieStom iol
prs ~ tpa pa ipi to tne
~eiectoIs ~ VI ihe SIty Tue question OF incur
.ds,o ins an tnneoieuhesS I 1I OF lnaklpB uny ih
Pho n,,, "nS ahe ,ss1nnSe s Vl ponVs ~
VI ruIsas lunHs aIa ~ eeI sucp
nnd the "Se n sain % mnpropeuIIen
az .ne ,n Slii UPON petitipI I
Tit ."e &c ran ~ quIidiieu ~ eleGtors oa tnS
Of The civ reguStlng e sncb mofters ca
% sRecnn, ERECTION 70 su9nlit tne QUESTION
~ u s tnSul ilns an inuepgteuuess VI nahlne
to nSv snr ~ os IOr tue issuahce oI Dohus
! !" p"S hoi .ne SAINT
! Sec. 40. The city shall not become In
! debted for any purpose or In any manner ia
an amount which, including existing indebt
. edness, shall exceed four a. per cent OF
the assessed valuation or the taxable prop
erty within the City, as shown by the last
preceding assessment for City purposes
! provided, however, that In determining the
! Limitation OF the City's power to Incur
! Indebtedness there shall not be included
a
tlOn or repair OF water, light or other pub
lie utilities works or ways from which the
city does or Will derive revenue. nor any
special assessments for improvements Of
streets, sewers etc, for which the property
I specially benefited thereby shall be respon
sible as provided In section 81. nor t
! bonds Issued under what Is known as the
Bancroft Bonding Act, nor to refundlnl
I bonds.
! Sec, II. Refundlng Bonds-For the pur
: pose OF funding any bonded indebtedness Of
= the City of Salem, the city Of Salem II
=, dispose Of bonds Of the City, Of denOmna
tiOns Of from one hundred to one thOusanC
4 dollars, as the purchaser may desire, undel
the seal OF the City of Salem, with tn,
! interest coupons attached theretO-wlth tn,
. signatures Of the Mayor Commissioner ant
!, at least one OF the other Commissioner
y engraved thereon, and having attached
q. thereto the seal Of said City of Saleu
= whereby the City shall be held and consld
and promise, In consideration Of the prem
= = lses, to pay, to the bearer Of each Of sale
> bonds, at the expiration OF twenty year.
u from the date thereof the sum name,
y therein, In gold coin OF the United States
y together with interest thereon In like coin
u at rate not greater than five CO. PEI
y cent per annum (the rate Of interest L
!. be fixed by the Board, payable half yearl,
y refundlng bonds can be sold the BOart
!. shall cause to be inserted for two weeks
- IN newspaper published In the city o
r city making speciality Of such matter
e an advertisement Inviting sealed bids 10
the purchase Of said refundng bonds Sucl
" refnndlng bonds shall be sold only to tn
II highest bidder for cash, and shall not b
Il sold for less than their par value Al
\, bonds Issued and disposed OF under thl
~ provision shall be exempt from taxation.
IL Sec, 7S Sinking Fund-lhe Board 0
" Commissioners shall provide In each dc
] II