Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1917-03-15

Notice is hereby given that. pursu'
ant to resolutions of the common
council of the city of Ashland, Ore
gon, duly adopted on the 9Th day
of March, 1917, and approved by
the Mayor on the same day, the fol-
lowing proposed amendments to the
Charter of the city of Ashland will
be submitted to tho legal voters OF
said city for their approval or re1ec-
tion. at a special election to be held
on Monday, the 18th day OF March,
1917, to-wit:
AN ACT
To amend Article VII Of the now ex-
listing Charter of tho city of Ashland,
Oregon, by adding thereto a section
10 be known asNSection 25, empower
ing the Mayor and common council
of said city to issue bonds OF said
city in the sum of $15,000.00, for
the purpose of procuring funds with
which to purchase all that portion
of the lands belonging to the South
ern Oregon Chautauqua Association
lying southerly from and adjoining
the south line Of the Central Park
OF said city, consisting of about six
and three-quarters acres.
Be 1t enacted by the people OF tie
city of Ashland, Oregon:
That Article VII of the Charter OF
the city of Ashland, being that GER
tain Act of the Legislative Assembly
of the state Of Oregon, filed in the
office of the Secretary Of State, Octor
Der 14th, 1898, entitled "An Act to
amend an Act entitled An Act to in
corporate the city of Ashland, In
Jackson county, Oregon, and to de-
fine the power thereof, filed in the
office of the Secretary Of State Feb
ruary 21st, 1889, and the. Acts ap-
proved February 25th, 1895, amend
ing the same" as amended by all
Acts subsequent thereto, either OF
the Legislative Assembly of the state
of Oregon or by vote of the qualified
electors OF the city of Ashland, Ore
gon, under the constitution and laws
of Oregon, and the Charter Of said
city, be amended by adding Section
25 to said Article VII, to read as fol-
lows:
Section rs. The common council
by two-thirds vote of the council,
at any regular or adjourned meeting
thereof, shall have the power, at any
time hereafter, to issue and sell
bonds Of said city, in the sum Of $751;
10000, for the purpose Of procuring
funds with which to purchase all that
portion OF the lands belonging to the
Southern Oregon Chautauqua Asso-
citation lying southerly from and ad-
Joining the south line Of the Central
Park Of said city, consisting Of about
six and three-quarters acres, which
lands, when so purchased. shall be-
come a part Of the city's park lands
and parking system, and shall be
owned, operated, managed and con-
trolled as the other park lands of the
city. Said bonds shall be dated on
the date when the same shall be Is
sued, in the denomination of $1,000
each, with interest coupons attached
thereto, payable to the bearer or pur-
chaser thereof, as follows: Fifteen
of said bonds of $4,000 each, pay
able on May 1st, 1929; and fifteen
of said bonds, Of $4,000 each, pay
able on November 1st. 1922, and fif-
teen of said bonds. of 10000 each,
payable on the first days of May and
November of each year thereafter,
until the whole of the said issue Of
s15,O0O.O0 is fully paid; the princi-
pal thereof bearing interest after
date, at the rate of five per cent per
annum, payable semi-annually.
The common council shall, at the
time of making the annual levy for
the expenses of the city, as provided
in Section 2, of Article Seven OVID,
of the now existing Charter of the
city OF Ashland. for the year 1922,
include in such levy sufficient
amount to retire three thousand dol
lars Of the aforesaid bonds, and shall
each consecutive year thereafter, at
the time of making the said annual
levy, make a like levy for the pur-
pose of retiring three thousand dol
lars of said bonds annually, until the
whole of said issue is retired. The
common council shall, at the time OF
making the annual levy for city pur-
poses. as aforesaid, for the year 1918,
levy sufficient amount on the tax
able property of the city, to pay the
semi-annual interest falling due for
said year, and for every year thereaf-