The Athena press. [volume] (Athena, Umatilla County, Or.) 18??-1942, 1917-03-16
THE ROAD BONDS
MEASURE A BOOST
SPECIAL ELECTION HELD IN JUNE
Association Organized With
Object of Entire County AS
sisting in the Work.

with representative men from all parts
of the county in attendance, unan-
imously endorsed the movement and
rendered support to the bond issue.
D. H. Nelson, prominent farmer,
is president of the association; Hugh
Murray of Freewater is vice-president
and the directors will be selected from
each of the towns of the county, and a
working program will be initiated at
once.
The bond issue was discussed at
length during the meeting and among
the facts elected it was shown that no
additional tax will be required to re.
tire the bonds when they mature, the
automobile license tax and the quar-
ter-mill state road tax which the state
has been paying for four years, will
be entirely adequate. Not one cent of
the $4,000, 900 will be spent within the
confines of Multnomah county, which
county already has a good system of
hard surfaced trunk roads.
The building of permanent trunk
highways by state aid-the proposed
bonding would enable the coun-
ty courts to spend their road money on
feeder roads, which in the past have
been sadly neglected through the coun-
TVS efforts in the expenditure of all
available road funds to construct and
maintain the INSTRUMENTATION high
way.
With the carrying of the bond mea-
sure in June, the automobile, the ve-
hicle which uses the puplic highway
most, and which is always giving
forth incessant demands for better
roads will be made to pay the extra
cost growing out of these demands,
leaving the regular road fund to op-
crate in outlying country districts
where it rightfully belongs.
One provision of the proposed mea-
sure is that those counties now having
macadam road bases, shall have these
bases hard-surfaced at once. Thus
Umatilla county would be one of the
first to be benefited by having the
INSTRUMENTATION road completed, and
thereby save it from total destruction
as under the present conditions seems
inevitable. That the taxpayers and
people of Athena and vicinity may
know the exact provisions the bonding
measure as enacted by the legislature
and referred by that body to the peo-
pie to vote upon in June at special
election, the Press herewith publishes
for their information the full text of
the bill:
An Act to provide for the construction of
roads and highways in the State of Oregon
to provide for the issuance of bonds by the
State of Oregon to raise money to carry out
the purposes of this Act; to authorize the
State Highway Commission to take such
action and perform shch duties rs may
be necessary to meet the requirements of this
Act; to designate and authorize the construc-
tion of certain hard-surfaced highways md
certain post roads and certain forest rolds,
and to provide for other post roads and for
est roads; to provide for the letting of con-
tracts for the construction, paving and main
ten ance of roads and highways to make the
surplus arising from fees collected under
House Bill No. 500 of the present legis itive
session fund under the jurisdiction of the
State Highway Commission with which to
pay interest and principal on bonded indebt-
edness Of the State, contracted by the State
for road purposes, and other lawful claims
incurred by said Commission, and to provide
for modifying the terms of House Bill No.
81 passed by the 29th Legislative Assembly of
the State of Oregon, and to provide for submit
ting this Act to the people and for the calling
of a special election therefor, and declaring
an emergency.
Be it Enacted by the People of the State Of
Oregon: ..'
Section l.. The State Highway Commission
is hereby authorized, empowered and direct
ed, during the next five years, to sell the
bonds of the State of Oregon as hereinafter
provided in an amount sufficient to raise
enough money to meet the requirements of
this Act.
Provided, that not more than $1,000,000
in bonds shall be issued hereunder during the
year 1917, and that not more than $2O00,-
900 in addition to any surplus unissued or un-
expended out of the s1,000,000 authorized for
the year 1917 shall be issued during the year
1918.
Section 2. The State Highway Commits
sion is hereby authorized, empowered md di-
rected to enter into such contracts, appoint
such officials, and do any other act or thing
necessary to fully meet the requirements of
this Act.
Section 8. The Attorney General shall un-
der the direction of the State Highway Com
mission, prepare form. of interest-bearing
in order to provide funds for the carrying out
of the purposes of this Act Said bonds
shall be numbered serially, beginning at Mum:
ber |, and shall be payable in the order of
their issuance. Said State Highway Commits
sion is hereby authorized empowered and di-
rected to issue bonds of the State of Oregon
for the purpose of carrying out the provis-
ions Of this Act in an amount not exceeding
S6.OO0.0oo,. 90 of which sum, at least $780,
900 shall be isued in denominations of $500
each or less. The bonds issued in any year
under the provisions of this Act shall be pay
able one-twentieth each year, commencing with
the sixth year after the issuance thereof
0ne-half of the bonds payable each year shall
be payable on the first day of April md the
other half on the first day of October Elch
bond shall bear upon its face statement show
ing the date of its maturity. Said bonds shall
bear interest at the rate of four per cent per
annum, payable semi-annually on April 1st
and October LIST. Principal and interest on
said bonds shall be payable at the office of
the State Treasurer at Salem, Oregon, and
if said State Highway Commission shall so di-
rect, said bonds may also provide for pay.
ment at some other place. Said bonds shall
be in form embodying an absolute promise
of the State of Oregon TO pay the amount
thereof in gold coin of the United States Of
America Of the value and weight and fineness
may be required. and generally shall conduct
of the date OF such bond, and shall be in
such denomin atoms As the State Highway
Commission shall elect. They shall be signed
by the Governor. Secretary Of State and State
Treasurer. Said bonds shall bear coupons evil
dencing the interest to become due thereon fol-
| each installment of such interest, upon which
shall be printed the facsimile Of the sigma
ture OF said officers. Said commission may, al
its option, cause part or all of said bonds to
be payable 10 the purchaser thereof and reg.
ister in the name Of such purchaser in tbs
office Of the State Treasurer and provide an
appropriate endorsement upon each Of such
bonds TO the effect that the same will be paic
only to the owner appearing on the register
thereof, and providing method for register.
ing the same as the title may be passed, anc
it may also provide that a part or all Of sait
bonds shall be payable TO bearer and not sub
ject to registration. Not less than ten days
before the payment of the principal or inter-
est falls due on any Of the bonds provided foi
in this Act, the State Highway Commission
shall certify to the State Treasurer the amount