Daily capital journal. (Salem, Oregon) 1903-1919, 1911-05-08
ORDINANCE NO. sss.
4 Bill


For ordinance providing for mourning Indebtedness IN a.
Of by against tbo M ao1i
the of raising the Construct %
essary bridges within the city of Salem Oregon providing for ~
Indebtedness and the terms denominations ana e bn
the disposing the same: and ~
submission of the proposition ncurring such g
bonds the cv f and
special election be called for such purpose matters %
ANNet
t by o city of Salem o
That Whereas, prominent business city have
the question of the issue and sale raise funds
bridges recently destroyed Mill by floods and
other bridges, be again submitted legal voters d
city a special election and Tue
the general interest of city the inhabitants -
demand the immediate construction of such bridges; s0
Therefore, Be 1t ordained:
purpose providing funds for the ro.
of bridges at certain points Mill Greek where bridges were
destroyed by floods and constructing other necessary bridges %
city of saem Oregon the common council of said city hereby %
d and incur Indebtedness sale and
bonds hereinafter provided to the of s6OOo
Such shall be designated as osan ,,
cpa Bridge Bonds and shall be issued in denominations less than
$500 greater upon popular loan an o.
of interest not to exceed six @ nnum such bonds %
be payable within ten QO from the day July 1911
Sec The principal and interest of said shall be pav.
gold coin of the United States America and the thereon SHAH
be paid semannualy on the first day of July and the day Jam
of each after date of issue at the Office the treasurer
the city of Salem, Oregon
of attached twenty (2O rt
printed the margin the printed M
bond ITSELF and representing the amounts interest h M
upon days July January opseon %
ceedng the said date of pedgng payment at the times and
upon in the sale ~
Of Such bonds shall be signed by the mayor of the % Of s
and attested by the bond shall hear m
impress of the the Oregon shall pe M
faith credit payment thereof accord
ing to the terms thereof
Sec All such remaining sold vbsD
the subscription have been duv %
shall be sold the bidder bidding
for all of said bonds remaining than mar
Such bonds shall be all taxation municipal pos
and equal bidders preference allotment thereof
shall be given to bidders residing in the city Salem, Ore
the smallest due sequence
Sec 1t shall be the duty the treasurer Ore
when said provided sold and m
treasurer all arising thereof
separate all
shall be designated Emergency Bridge Fund shall
paid out only for the constructing repairing with
in the city of Salem, Oregon.
Of
taned namely To $6OOOO for the
purpose of reconrucng bridges destroyed
Creek and constructing repairing
issuance and sale of bonds special election
is hereby June 1911 which
election shall be held in all the
elections held in the city
submitted to the legal of said city their
Each voting or mo"
the following
Shall the council of the city Oregon
debedness by the issuance purpose
structng bridges destroyed by floods Mill constructing
and repairing other bridges
Sec The ballot title submit this ordinance the legal
the city shall be substantially follows, to-wit:
ITO rafy Ordinance providing incurng
by the city of Salem by the
$6OOOOOO for the constructing bridges Yes
Sec The city twenty before
the said proposed election full ballot title of this
dinance to be printed in published printed the city
OF Salem Oregon, for five (5) consecutive publications
Passed by the common council this oath day April 1911
Attest: CHAs F, ELGIN
City
Approved by Mayor this 26thday of April 1911
LOUIS LACHNUND