Daily capital journal. (Salem, Oregon) 1903-1919, 1912-09-19


in addition to the amount necessary
each and every year, for the malnten-
ance and operation of the several de-
partments of the city government Of
the City Of Salem, Oregon, at the time
provided by Charter Of the City Of
Salem for fixing of the annual tax
levy for said city, an additional as
sessment each year from and after the
issuance and sale of said bonds, for
the purpose CT paying one-twentleth
Of the principal Of said boTks, and the
annual accrued interest thereon and
there shall be collected by assessment
as herein provided, and paid on the
principal and interest on said bonds,
during each and every year until the
full amount thereof is paid and salts
fled, the following amounts per an
mum, viz:
1913, $SS,OOOOO being s19,OOO.OO
principal; s19,OOO.OO interest
1914, a7,O5OOO being $19,OOO.OO
principal; $1S,O5O.OO interest.
1915, $86,1OOOO, being $19,OOO.OO
principal; $1I1OO.0O interest.
1916, $85,15OOO, being $19OOO.OO
principal; $1615O.OO interest.
1917 $84,2OOOO, being $19,OOO.OO
principal; $15,2OOOO interest.
1918, $3S,25OOO, being $19,OOOOO
principal; $14,25OOO interest.
1919, $32,SOO,OO, being $19,OOOOO
principal; $1S,SOOOO interest.
1920, $31, $4,000, being $19,OOOOO
principal; $12,35OOO interest.
1921, $8O,4OO.OO, being $19,OOO.OO
principal $11,4OO.OO interest.
1922, 29,45OOO, being $19,OOOOO
principal; $1O,45OOO interest.
1923, $2S,5OOOO, being 100000
principal; $9,5OO.OO interest
1924, s2755OOO, being $19,OOO.OO
principal; $S,55OOO interest
1925, $26,6OOOO, being s19,OOO.OO
principal; $7,6OO.OO interest
1926, $25, $4,000, being $19,OOO.OO
principal; $6,65OOO interest.
1927 $24,7OOOO, being $19,OOO.OO
$4,000 interest.
1928, $SS,75OOO, being $19OOO.OO
$4,75OOO interest.
1929, $22,SOOOO, being $40, 100000
principal; $3,SOOOO interest.
1880, $21,S5OOO, being $19,OOOOO
$2,S5OOO interest.
1881, $2O,9OOOO, being $19,OOOOO
principal; $4,000 interest.
1882, $19,95O.OO, being $19,OOO.OO
$4,000 interest.
Section 4. That out of the moneys
lerived from the sale of said bonds
here shall be repaid to all property
'wners entitled thereto, who have
heretofore paid into the city treasury,
~ themselves or their grantors, such
um or sums as may have been from
ime to time paid by them or their
'rantors on account of special assess
nents levied for the construction of
my Of said sewers or drains,
Section s. That out of the moneys
Ierived from the sale of said bonds,
here shall also be paid off, discharged
nd cancelled all bonds and liens here
ofore created by virtue of special as
essments levied against private prop
rty and each and all person or per-
ons for the construction of any of
aid sewers or drains provided for by
ordinances Nos 1874, S77, S21, S76, $50,
nd $685. passed and adopted by the
Common Council of the City of Salem,
)regon, and thereafter all Of the pri-
ate property affected by the construc-
ion of the said North Salem Sewer.
he South Salem Sewer, the Union
street Sewer, and the extension of the
iarlon Street Sewer, shall be free
rom any and all liens or membranes
reated by reason of the construction
+ said sewers, and the City Recorder
hereby authorized and directed to
nter due release and satisfaction
hereof in the proper lien records Of
he City Of Salem, Oregon.
Section 6, That the City Attorney
( the City Of Salem, Oregon, is hereby
irected to prepare the form Of the
onds herein provided, and, when so
repaired and issued the Mayor and
.ecorder are authorized and directed
sign the same, and to affix the seal
I the City Of Salem, Oregon, thereto.
he City Council of the City Of Salem.
regon, Is authorized and directed to
o and perform any and all acts nee
5sary to carry into effect the provis-
ms of this ordinance
The title of the foregoing bill on the
fficial ballot together with the num- =
er is as follows,
A BILL q
OR AN ORDINANCE PROPOSED BY I
INITIATIVE PETITION S
Number Two. q
o provide for the payment of all liza I
bilities incurred for the construction I
of North Salem South SoIen, linton 4