Image provided by: Rogue River Valley Irrigation District; Medford, OR
About The American. (Central Point, Or.) 1928-1936 | View Entire Issue (Nov. 1, 1934)
t h it m d a t . sovpmtK ». imi Tb» A im ilC A N . CENTRAI- POINT. OREGON PAGE THREE ou a Warrant basis, these expendi ture« being made from the receipts of Water Rentals, which did not come from any taxation upon the real property of the citixens of Cen tral Point. ing Fund" Investment, One 5% Bond maturing June 1, 1939, to re deem Water Bonds. $1.000.00 And CASH in First National Bank for re DENTISTRY demption Water Bonds, $3,500.00 Medford, Oregon Total to apply on redemption of Wa Since January 1, 1921, the City ter Bonds, now, $4.500.00 Other Cash in Hank of the City’s has paid out for Interest on Water Bonds up to October 1, 1934, a total Funds is as follows: Safe Insurance at a Having amount of $35,318.90 all of which Water Fuud ................... $ 66S.4S was taken from the Water Fund General Fund .......* ........... 1282.3C In order to give the people of the neet this bond issue at the time 481.31 Builders of Watertight Roofs City of Central Point, a complete hey matured, beginning with a por- rentals, in addition to the amount C. I B. Sinking Fund 58.35 (Incorporated) report of the general condition of -ion maturing in 1939. as all the re- of the purchase of the Water Bonds. C. 1. B. Interest Fuud ....... Among other expenses which has 1.ELAND CLARK, Agvmt I have tried to cover the main our little city, and »how the burden eipt8 of the Water Fund had been ESTIMATE« and INSPECTION lit North Rartlett 144. WITHOUT CHARGE of indebtedness which we have been ■xpended for such expenses of the been paid out of the Water Fund r e -, items of expenditures of the City in Medford, Ore. Phone $406 celpts In the upkeep of the Water a general way since the Water aud up against, it Is necessary that 1 water system, as the previous Coun should start from the time which cils thought necessary, and the Wa System, was a new Pump Outfit Sewer Systems were installed, but Phone 8U5-J loth « l l r Medford our first big debt was contracted for ter Fund had borrowed Funds at which was installed a few years ago the small items of every day expens- a, a cost of $1,5 40.00. Overhaul- es would require too much space to the first debt taken on for the Wa various times from other sources ter System in the years, 1909, 1911. end had no Funds on hand when the ing and coating Water Tank with a enumerate them hereon bitulithic coat $1.260.00. Excavat Should any citizen of Central Point and 1912, the total of the Water new City Officials took charge in ing additional Tunnel, to increase wish to find out any other particu Bonds sold made an Indebtedness ol 1921. Established in your eointnuuicy water supply in well, $1,200.00. be lars which this report does not cov $45,000.00 then upon top of that 25 your* About the first of May, 1933, sides various smaller amounts paid er, he can get such information from debt, the City obligated itself Oct. Phone 47 428 W. 6th 84. Mayor Leever and the City Officials out for items such as extra Fire Hy Medford, Oregon Will give douille allowance on a the Recorder's office at any tim« 1911, for the grading and paving o f held a conference with a representa drants, and other articles, such as limited number of Card Piano- by making inquiry of the City Rec- the Street Intersections for the sum tive of the Investors Syndicate of paying off note of, $2.000.00, at lo- orijer traded in tills week. of $,000.00 then bonded for the Now Is your chance to dispose of Minneapolis. Minn, with a view of cal bank contracted by previous! Sewer System and the Paving, issu that old Instrument at a real ad creating a “ Sinking Fund” for the council, and also purchase of a Fire | Respectfully submitted, vantage. Eroe estimates. ing some 235 Improvement Bond1 L. HATFIELD retirement of the first Issue of the Truck for City costing the new City j of $500.00 denominations, In the City Recorder. Water Bonds $25,000.00 maturing Council, $2.000 00 total sum of $117,500.00 these August 1st, 1939, by purchasing a The City has made an exchange of OYSTERS— ANY STYLE If the old age pension scheme be- bonds being issued November 1 W . M a i n St. Medford savings Certificate from these peo the balance of their deposit account c0me8 a law Many a boy or K,rl Ititi W. Main St. Medford 1911, maturing Nov. 1, 1921; and Opposite Safeway Store ple under the provisions of an Or which is tied up In liquidating the OVPr slxty wm l)e a favorite of the from the date of issue to the date dinance passed at that time, by Central Point State Bank, which bal in-laws.— Weston Leader. of maturity the city paid off and re making an annual payment for 10 w vw w vw w vw w w w w w w w w ance totals an amount of $1830.73 deemed bonds reducing the out years of 1332.00 per year, or a total and also a balance due the City on standing debt down to $73,000.00. of 13,320.00 w h i c h investment the OU Plant near the depot, includ The above transactions wert would earn for the City in accrued ing interest accrued, in an amount W A T C H anil JE W E L R Y made under something like three Interest, $4.680.00 by leaving these ot around, $250.00 which will not AM ) BEATTY SHOP different gets of City Officials, with installment payments with these alfect the financial Interests of tax Everything In Cabinet Work At Depression l*rlees Phone .17 I* S. Central, >led. Mayor W. C. Leever, and Recorder people 10 years. payers, for the Bank Building and Established in 1908 I W o r V ' K T H E IIt NEW Jacobs serving part of this time. The City met these installment lot, and all equipment therein, as an 1.1 So. Central Ave. Medford n w a w / a w / a w a w a w . Then the City re-bonded for the j payments each year by careful even exchange. Sewer and Paving debt balance handling and collection of the Wa- The City will use the Bank Build ♦: >: >: >. >: ♦ ♦ ♦ ♦♦♦♦♦♦♦ ». ♦ ♦ The Itoydell machines give a $73,000.00 Issuing bonds dated July ter Rentals, and not allowing the re ing for its City Hall office, and also beautiful manicure. Nails arc 1, 1919, maturing July 1, 1930, ceipts to be spent for any purpose install jail cells in the rear part of j shaped rapidly and buffed to a none of these being paid off until except in absolute necessities for the the building, which will make an ec perfect polish. Surplus cuticle is 1921. running of the Water System. By onomical City Hall and Jail com- \ entirely removed. Try this p|euN- anf, comfortable manicure. The City Officials elected and in careful management in the collec hined. which was already facing the C ity R ecorder Tells o f City*s Financial Trials Try an Ad in Dr. I. H. Gove The American STANDARD ROOFING CO. WE NEED USED PIANOS AT ONCE! Baldwin Piano Shoppe TROWBRIDGE Cabinet Works Bowman’s Barber Shop VOTE NO AGAINST °h e G ra n g e P o w e r BUI PERL’S Funeral Home GREEN LANTERN CAFE EXPERT Repairing C. Earl Bradfish Electric Sanitary Manicure Machines stalled on January 3, 1921, were tion of the water rentals, and plac taxpayers of Central Point, which Mayor W. C. Leever, Recorder J. W. ing the same in the Water Sinking will now be eliminated, and the tax ‘ Jacobs, Treasurer R. H. Paxson, and p und, we managed to keep up all payers will not have to hear the bur Councilman I. D. Lewis, E. E. Scott, (he expenses of the Water System den of a new Jail building. For the past 15 years the City of F. A. Southwell, R. H. Moore, B. F antj pay all interest on the Water Peart, and S. D. Hill. j Bonds and also meet these payments Central Point has never resorted to Recorder Jacobs died in Decent- the Investors Syndicate from the a “ Warrant basis” in order to meet their expenses, but have always paid her, 1921, and L Hatfield was ap-|reoeipt8 of Water Rentals, pointed by the Council to fill the Qn May 12 1933 the CUy of Cen. their bills with cash, even during unexpired term of Recorder Jacobs (raj p 0tnt received a check from a this depression, and the closing of from January. 1922, until the ^ ’ representative of the Investors Syn- the local bank with our deposits tied ular bi-ennlal election, and most of of Miuneapolis. Minn, in full up in it, we have managed to keep these same «¡flcials have been re- paylm>nt of our investment of their on a "Cash System” through con elected for their respectelv offices ,.,,rtiflcate with accrued interest servative management. I rather doubt if there is another since that time. thereon for the amount of $18,013. municipality of a like population The City's Outstanding bonded With this amount in the Water and heavy Indebtedness than can > indebtedness at that time was as Sinking Fund, the City Council au show a better financial condition follows; thorized the Mayor and Recorder to ★ Uncle Sam is doing within the state, (which had as Outstanding Improvement | purchase and retire such portion of heavy improvement indebted ties, Bonds ............................$73,000.00 the power job in Ore these Water Bonds as were avail levied upon it) and showing a bet- Outstanding Water Bonds 45,000.00 able at a price which would be prof gon. W h y set up The total Outstanding , itable for the City of Central Point. er reduction in its obligations dur ing the present times, than our own debt....................... -.........$118,000.0« new state commission The City Records did not have the little City of Central Point. During the period of time be names and addresses of the owners to plunge us deeper The City owns about 200 vacant tween January 1921 to January, 1928, the City paid off and retired ° f »"y of the Water Bonds as these lots within its corporate limits, and into debt? Improvement Bonds in the amount bonds were sold through Bonding if normal conditions prevailed w< | of $18,000.00 and also kept the ac- »ouses to the various individuals could turn them over to home build crued interest paid on Improvement * ho were unknown to the City Re- ers at. a cheap price which would re Bonds, amount, $35,835.82 which corder or other Officials, and it was duee the indebtedness considerable, payment on the Principal brought * «a lte r for the Mayor and Record- and every citizen within our City ASSOCIATION TO PRESERVE the Improvement Bond debt to $55.- 6r *n ,in<^ ° " t w,u> * ' r‘ * ® ° * n<r. should make some preparation to OREGON’S CREDIT pon Q« of these bonds, and get In touch wards owning their own home, and Harry Dorman, Sacratary On January 1. 1928. the City re- *"»> *hem with a view of purchas- thus be a "booster” for a bigger and W eatherly B uilding, Portland bonded under Ordinance No. 183 | ing t h e bonds at the right price. It better Central Point. (Paid e d v j Bond required considerable correspond The City has on hand as a "Sink covering the Improvement ence to locate the various owner» debt with a rate of Interest of without resorting to having Brokers| 5>4j% instead of 6% as Central handle the matter which would have Point Refunding Bonds, 1928 issue, cost an extra profit for the City to for $55,000.00 thus making a nice have them handle this purchase of j saving in Interest on the balance of our bonds. the debt. The Recorder finally located most! From January 1, 1928, to October of the individual owners of these. 1. 1934. the City paid off and re Water Bonds, and their Post-ofitce tired Refunding Improvement Bond address, by considerable correspon 1928 issue in amount of $15,000.00 dence, and then the matter of secur Remember we ran give you xpei-t service at all times taking up 30 bonds of $500.00 de ing a profitable purchase of our nominations, and also paid the In own water bonds at a liberal dis terest accrued on this Refunding count hud to be taken into consid Bond debt, amounting to $17,840.8 1 eration. but by- being able to make which payments on the Principal a “ spot cash" offer to purchase brought the Improvement debt from these bonds, not exceeding a certain the original amount of $117,500.00 point, we finally accomplished our down to October 1. 1834, to $ ift. purchase of some $22,000.00 ol 000.00. these Water Bonds for an outlay on The Outstanding Water Bonds ART HAIRDRESSER* 41 S. Central, Phone M S the Principal for the sum of $18.- debt January 1. 1921, was $45, 550.00. and no provisions had been made to We purchased and retired 44 Wa ter -Bonds. $5iio.f»u denominations ---------— . r - - ---- ...................' --- r---- from some 20 or more bond holder« $22.000.00 worth at a discount of I S3. 4 5 0 . 00 and in addition to this -avine for the City, we saved on the MEDEOKD future Interest which we stopped by If I told yon I wa« h<>ne*t. you the purchase in an amount of $*.- would think it wan a joke. 547.50 making a total saving for the ThL la just like any other Sec City on this redemption of bonds of $11.997 50. ond Hand Hlorv— pay a* little a* All these transactions being ac poualhlo anil noil for all I can complished in a quiet manner, be- get! Available for those who ionie first— -a large seieetlon of u«ed luni- sides keeping up all interest pay JACK. ments to date without having to go bet— rough, sound dimension and timhers with nail* removed. Oregon Mutual Fire Insurance Co. 1 The Root O .K ? ♦ I ♦ Stormy Weather Ahead 1 I CHECK TP — — make sure your Roof will “ stand up" under another winter'* stormy pounding. Heiueiii- ber, a leak or two might mean con siderable interior damage. ESTIMATES FREE Ì E C O N M Y L U M B E R CO . I i 8 a I f o U 3 o i z H s ! Be Prepared. . . for the Armistice Day festivities Permanents, Finger Waves, Massages, Shampoos, etc., M u rra y’s JACK’S 2nd HAND STORE Barbed W ire ♦ « * M « $2.49 per 80 rods T imber PRfeóàTs C ompany »COON |*rnfw>Mlanate Saving* on Many SI)le» of Krnre V O L N E Y D IXO N 0 . ♦' * -n t .i h : m i; s in c e i *»**" • S u f D M f. jgjgfUOUUOMtfUINWWWW . . . Original Home of Low Priced Lumber X. Pacific Highway at Court St. Med foni Î M EDI O R I « —T n m '»n Mi A ndrew * R oad, 3 B lock *— Pb*me 7 • Telephone 501 ♦ ♦ • • ♦ ♦ ♦ ♦ ♦ ♦ ♦ • • • • • ♦ • ♦ ♦ ♦ ♦ ♦ • • • ♦ ♦ ♦ • ♦ • ♦ • ♦ « ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ a a DEFEAT THE HEALING ARTS CONSTITUTIONAL AMENDMENT! VOTE 305 X NO Every person in Oregon is vitally concerned in the proposed “ Healing Arts Constitutional Amendment” which will he on the ballot at the general election November 6. Under the fictitious claim of preventing “ MEDICAL M O N O P O LY," this vicious Healing Arts Constitutional Amendment is proposed by healing “cultists” and others having selfish in terests, in order to destroy the effects of the Basic Science Law pa sed by the last Oregon legislature. It also is designed to destroy the high standards maintained by our Oregon hos pitals, and to rob the State Industrial Act It nt Commission o f its pow r to properly administer the ever efficient Workmen’s Compensation Act. This Amendment is a direct attack against Oregon's enviable health standards and low rate of mortality. It challenges the self respect and common sense of every person who has the wel fare of this state at heart. Every voter in Oregon should make it his or her business to appear at the polls on election day and vote “ NO ” against the Healing Arts Constitutional Amendment. Vote 305 X Nol GALVANIZED 0 5 2nd Hand Lumber I Good Lumber At A Considerable Saving ! Against the Vicious Healing Arts Constitutional Amendment Paid »ihr. by Jaiat C naaillrs for th« Preservation of Orafo*'» Hospital Standard* and Workaien'a Compen«*tioii Law I » » . A*«l M . Green. S *rf. 112 North Graham 8t . Portland. Ora. » » $ » 8 .