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<br />such amount of bonds may be sold until the question of whether to issue such Bonds is <br />approved by a majority of the electors living within the boundaries of the City who vote <br />on that question. Any such petitions will be subject to ORS 288.815 and Sections 2.970- <br />2.992 of the Eugene Code, 1971. <br /> <br />SECTION 3' DECLARING INTENT TO REIMBURSE <br /> <br />The City hereby declares its official intent to reimburse itself or EWEB with bond proceeds for <br />any of the Expenditures incurred by it prior tq the issuance of the bonds. <br /> <br />SECTION 4' BONDS PAY ABLE SOLELY FROM REVENUES <br /> <br />The bonds shall not be general obligations of the City, nor a charge upon its tax revenues, but shall <br />be payable solely from the revenues which EWEB pledges to payment of the bonds pursuant to ORS <br />288.825(1) and the bond resolutions to be adopted by EWEB pursuant to Section 1 of this resolution. <br /> <br />The foregoing Resolution adopted on the 24th day of November, 1997. <br /> <br />~- f IJ-y <br /> <br />City Recorder <br /> <br />3 - Resolution No. tJrJ..r <br /> <br />CWC\cwc7637.res <br />