The evening herald. (Klamath Falls, Or.) 1906-1942, 1913-02-28

Editor Herald:

Editor Herald:
The floating or warrant debt Of the
city on January /, 1913, = shown
BY the report Of the poles Judge. sx-
elusive Of interest. was ess.s3s. The
last call for warrants by ths elsy
treasurer vas for warrants protested
on August 9. 1910.
The charter BOW undss cossidera-
tlon contempIatss that after July 1.
1913. the city Of klamath Yslls.
ss.usa l,c on cash basis. and with
that end n view provided IN section
1870. - follows: "yos the purpose Of
funding any warrant inds sbtsdnssA Of
the city already mstursd or 70 ma
ture In the future. the city y author
lied and empowered TO issue and dis
pose Of bonds Of the city for the per.
pose Of rs-fusdins such Indebted
ness"
II the charter = adopted, 10 order
70 carry out ~ letter and spirit. II
will be necessary 20 st once submit
10 the electors Of the city the auss-
tion Of Issuing the nscessary bonds TO
fund the warrant Indebtedness. In
no other way can the taxss now being
collected b. converted and covsrsd
into the several funds created b., the
charter b. section 1l6.
Once oa . cash basis. by ss-fund
Of the warrants outustandins. The
general scheme dsvelopsd by the
charter In sections l1s. lac. 1T aal|
lis for handbag the city's anaaces
under the restrictions Imposed byl
sections lis and lls. viii esstaialy
appeal TO the taxpayer ~ sasissiy
sound.
There will b no issuing Of var
rants against any 6f ~ tsa1s pro-
vidsd beyond the Limitation OF the
amount appropriated each ysas Sss
that particular fund. No question Of
the legality Of the city's paper nssd
ever ariss. II the charter b adhered
to: no need for aa snploys Of The
lefty 70 discount he order On any fund.
II q up 70 The citissns OF klamath
Falls to Say BY the adoption Of thbl
charter. whether or not they desire 70
get away from the discount that has
been eatins into their peckses tor. 10.
thsoo 0aay yeaSs.
Usdsf the provisions above cited
each aAa every funa VIII staa1 % itsl
own bottom: svssy citissa nay know
|st the outset Of each aseal yeas juse
how nuch ca - sxpssdsA frea aay|
particular fun1; syssy eltissa Vim
also - fully a1vise1 shas aay eootsose
made. dsbts efsassl o. liabilities in-|
Cured In excess Of The amounts suth-
osissd against any particular fund.
van bsTnuIl aAd void.
In subdivisiea - os seetsoa o. YIN
b found this restriction. mo co..
tract shall - entered into OF debt
!contrsctsd ~ the common council. for
any specific work or public Improve
usnt. the probable cost Of which vim
exceed the sum Of $500. without
nrst submitting the same To the quail
ned voters. at an election called for
that purpose"
In considsrins this phase OF the
proposed charter. ! bslisvs the voters
win readily appreciate the efforts OF
the commission TO % frame these
charter provisions that the eity's rev.
enuss can ~ systematically and co.,
ssrvativsly HANDLED and szpandsd.
Take. for sxanpls. The Ore Depart |
msnt fund. An estimate Of the prob |
able cost Of naiatainias The Depart |
msnt for year at . certain point OF
|e0eisacy-that estimate changing. Of |
|seurss. - ths city grows and more |
and better equipment b addsd-al
levy suiacisnt v bring Into that fand
the amount estimated viii - made. |
The council. ths head os that depart !
msat. aud everyoas slss having dealsl
inSs herewith knows q oaoe wAgI
the lsxpsaditurss Of that fand WIN u |
Sos that year. That warrants h e. |
esas Of the money In the fnA1 utn uet |
- issued. % with I'll other funds. |
But the provisions ase - framed that |
the funds. automatically sxpand by
increased lsvys 70 usst the greving |
needs OF each department.
In ease Of The street fund. Tie eon-l |
nissieA Incorporated another psovi-i
sloa that should meet with Tie aD.I
|psoval Of our eitissas. VIA: That cae-
fourth aks1DsUvsass derived fren -
|leO O4l6snsss shall ~ covered Into the
|1trsst fund. AZ The prsesat writing |
the only source % revenue Ter that
= 49, 4 =