The Hood River glacier. (Hood River, Or.) 1889-1933, 1912-09-05
BOND ISSUE
is VALID
BOND ATTORNEYS so DECIDE
The $50, 900 Bond Issue viii Now BeSOld
Internationally Other Matters
Disposed OF.

We have examined the papers sub
mitted to Us relative to an issue of
Ss0, 600 water bonds by the city of
Hood River, Oregon, dated lst Aug
ust, 1912, and payable on the LIST of
August 1882, bearing interest at a
rate Of not exceeding per cent per
annum. under Section l02 of an act
entitled, AN Act to incorporate the
City of Hood River, and to provide a
charter therefor, and define its pow
ers, approved 2Sth February, 1901,
(as amended by vote of the electors
on the 25th March, l9091, an election
held lst July, 1912, and resolution of
the Common Council adopted Bro July,
1912, and we are of the opinion that
the issue of the bonds is duly author
lied by the proceedings set out in the
papers, and that bonds executed and
issued accordingly in the form which
we have seen will be valid obligations
of the city of Hood River, provided
the sale of the bonds shall be adver-
tised for thirty days in at least one
newspaper of the state of Oregon pur-
suant to Section l03 of the charter,
and provided the bonds shall be sold
by the council in accordance with such
advertisement to the person or persons
making the best offer or offers there
for. pursuant to Section l0i of the
charter
1t was with a good deal Of satisfac-
tion to the city administration and
more especially City Attorney Derby
that the above opinion was received
from one of the best firms of bond
authorities in the United States, the
firm Of Storey, Thorndyke Palmer and
Dodge, of New York. The communi-
cation was accepted by the council at
its meeting Tuesday evening, and new
bids were called for, the bonds to be
sold Internationally, with the opinion
of the eminent bond authorities as
sufficient evidence of the legality of
the bonds. AS the last stumbling
block to the sale of the bonds has APP
parentIy been removed, work will be
pushed on such preliminary work as
can be done, to the installing of the
new water system. New iron pipe
that has been ordered to replace some
of the old wooden mains on the prin.
cipal thoroughfares has been ordered
and will arrive this wek, so that it car
be put down and the work of street
grading or paving finished up this fall.
Seven new hydrants will also be in.
stalled.
The street committee recommended
paving the fire district, and that tht
"Goldendale paving" be used, whicl
is sort of "bituminous macadam,
with sufficient roughness to pIeVen
slipping on grades.
W. j. Baker notified the council tina
the rent for his building now beinl
used by the city recorder aud th'
water department would be raised {,
$50 per month October lst, or If tn,
city did not wish to pay this price. h'
wanted possession of the building a
that time. The matter was referred
to the street committee.
Councilman Stranahan remarked that
it would be a good time to get cheap
lighting for the city and made &
motion that the city advei tise for bids
for lighting the city for term Of
from five to ten years. Attention was
called to the fact that the city already
had a contract for lighting which was
held up by an injunction in the courts.
and that in case new contract was
made and the case decided the city
might have two contracts to pay for.
The motion was put by the mayor and
lost.