Daily capital journal. (Salem, Oregon) 1903-1919, 1912-09-20

in addition to the amount necessar,
each and every year, for the mainten
ance and operation Of the several de
partments OF the city government o
the City Of Salem, Oregon, at the tim
provided by Charter OF the City o
Salem for fixing OF the annual tai
levy for said city, an additional as
sessment each year from and after th,
issuance and sale Of said bonds, fo
the purpose CT paying one-twentietl
of the principal Of said bonds, and tn,
annual accrued interest thereon; ant
there shall be collected by assessmen
as herein provided, and paid on tn,
principal and interest on said bonds
during each and every year until tho
full amount thereof is paid and salts
fled, the following amounts per an,
mum, viz:
1913, s3S,OOOOO being s19,OOO.OC
principal; $19,OOO.OO interest.
1914, sS7, ,O5OOO, being $19,OOO.OC
principal; $1S,O5O.OO interest.
1915, $36,1OOOO, being $19,OOO.OC
principal; $171OOOO interest.
1916, $35,15OOO, being s19,OOOOC
principal; $16,15O.OO interest.
1917 $34, 100000, being s1O, 100000
principal; $15,2O0.OO interest.
1918, $SS,25OOO, being s19,OOOOO
principal; $14,25OOO interest.
1919, $32,SOOOO, being $19,OOO.OO
principal $1S,SOOOO interest.
1920, s31, $4,000, being s19,OOO.OO
principal; $12,35OOO interest.
1921, s3O,4OO.OO, being $19OOOOO
principal; $11,4OO.OO interest.
1922, $29,45OOO being $19,O0O.OO
principal; $1O,45OOO interest.
1923, $2S,5OOOO, being $40, 100000
principal; $9,5OO.OO interest.
1924, $27,55OOO, being $19,OOO.OO
principal; $S,55O0O interest.
1925, $26,6OOOO, being $19,OOO.OO
principal; $76OOOO interest.
1926, $25, $4,000, being $19,OOOOO
principal; $6,65OOO interest.
1927 $247OOOO, being $19,OOOOO
principal; $4,000 interest.
1928, $S3,75OOO, being $19,OOO.OO
principal; $4,75O.OO interest
1929, $22,SOOOO. being $19,OOO.OO
principal; $3,SOO.OO interest.
1880, 21,S5OOO, being $19,OOO.OO
principal; $2,S5O.OO interest.
1881, $2O,9OOOO, being $19OOO.OO
principal; $4,000 interest.
1882, s19, $4,000, being $19,OOO.OO
principal; $95OOO interest
Section A. That out of the moneys
derived from the sale of said bonds,
there shall be repaid to all property
owners entitled thereto, who have
heretofore paid into the city treasury,
by themselves or their grantors, such
sum or sums as may have been from
time to time paid by them or their
grantors on account Of special assess
ments levied for the construction of
any Of said sewers or drains.
Section 5. That out of the moneys
derived from the sale of said bonds,
there shall also be paid off, discharged
and cancelled all bonds and liens here
tofore created by virtue of special as
sessments levied against private prop
erty and each and all person or per-
sons for the construction of any of
said sewers or drains provided for by
Ordinances Nos. SS4, S77, S21, $40, $50,
and S2S, passed and adopted by the
Common Council of the City of Salem,
Oregon, and thereafter all Of the prl-
vate property affected by the construc-
tion Of the said North Salem Sewer,
the South Salem Sewer, the Union
Street Sewer, and the extension of the
Marion Street Sewer, shall be free
from any and all liens or membranes
created by reason of the construction
Of said sewers, and the City Recorder
Is hereby authorized and directed to
enter due release and satisfaction
thereof in the proper lien records of
the City of Salem, Oregon.
Section 6, That the City Attorney
of the City Of Salem, Oregon, is hereby
directed to prepare the form of the
bonds herein provided, and, when so
and issued the Mayor and
Recorder are authorized and directed
to sign the same, and to affix the seal
Of the City of Salem Oregon, thereto.
The City Council of the City of Salem,
Oregon, Is authorized and directed to
DO and perform any and all acts nee
essary to carry into effect the provis-
Ions of this ordinance.
The title of the foregoing bill on the
official ballot together with the num-
Der is as follows;
A BILL
FOR AN ORDINANCE PROPOSED BY
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