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<br />to the City Attorney and the Oity Engineer.
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<br />A crommu.nication from J. H. :Bray and 0 thers, 'offering their ,garbage dump
<br />ground to the City at $75.00 per month, was read, and Attorney Gordon Wells
<br />presented the matter in their behalf. On motion it was ordered that consideration
<br />be reserved un,til the next Council meeting, Br'ayBros. agre..eing in the meantime
<br />that their dump ground be available to the Ci.t,y and t,he Public under the old
<br />arrangement.
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<br />The Finance Committee, after conferring with the Eugene Wate~ Board, re-
<br />commended that ,the bid of First Seattle Dexter Horton Securities Company,
<br />Ameriecan 'Nati onal Gompany, Tucker Hunter Dulin & Company, The .Seat tle Company,
<br />Commonweal th Securi ties Company, which bid is as follows:
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<br />Marc h 30, 1931
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<br />Ci ty Recorder,
<br />Eugene, Oregon.
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<br />Dear Sir;
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<br />For $400,000 of legally issued General Obligation Power & Light Bonds of
<br />Eugene, Oregon, said bonds to be in denomination of $1,000, to be dated April
<br />1, 1931, and to mature serially in accordance with the following schedule, with-
<br />out option of prior redemption, bearing interest at the rate of 4t% per annum,
<br />payable semi-annually, both principal and interest being payable at the officg
<br />of the City Treasurer, Eugene, Oregon, delivered to us, we will pay:
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<br />$100.53 FOR EACH $100 PAR VALUE THEREOF, TOGETHER WITH ACCRUED INTEREST
<br />FROM DATE OF BONDS 'IO DATE OF DELIVERY TO US. .
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<br />Our bid is made with the understanding that you.will furnish us prior to
<br />the deli ve1!'Y of said bonds t,he final approving opinion of Me ssrs. Teal, Winfree,
<br />101cCulloch& Shuler, Attorneys of :J?ortland, Oregon, attesting to the legality and
<br />validi ty of these bonds.
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<br />Evidencing our good faith to complete this transaction we are attaching
<br />here to Certified eheck in the amount of $8,000 which is to be applied as part pur-:-
<br />chase price of said bonds in the event we receive the award, otherwise to be re~
<br />turned to us immediately.
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<br />Respectfully submitted,
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<br />FIRST SEATTLE DEXTER HORTON SECURITIES CO~!PANY
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<br />AMERICAN NATIONAL COMPANY
<br />TUCKER HUNTER JJJLIN & COMPANY
<br />THE SEATTLE COMPANY
<br />COMMONWEALTH SECURITIES COMPANY
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<br />FIRST SEATTLE DEXTER HORTON SECURITIES C01~ANY
<br />J. M. Corbett
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<br />By:
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<br />The abov"e bid isby proper Resolution hereby accepted and t.he bonds sold
<br />in a.ccordance therewi the Receipt is also acknowledged of Certified check in
<br />the amount of $8,000 to be applied as part purchase price of said bonds.
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<br />H. E. Wilder,
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<br />Ma.y or of Eugene.
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<br />ATTEST:
<br />R. S. Bryson, Clerk.
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<br />is the highest and best bid for the sa.id bonds, and that the Council award the
<br />sale of t;he said b oms to them in accordance with the bid as above set out, and
<br />that all ot.,her bids be rejected and the Recorder be instructed to return the
<br />bid checks to the unsuccessful bidders. Motion was made by Councilman Edwards,
<br />seconded by Cou.ncilman Lamb that the sale of said bonds be awarded in accordance
<br />with the reco~nendation of the Finance Committee. The ayes and nays were called,
<br />all councilmen present voting aye, nay, none" and motion was declared carried.
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<br />Councinnan'Edwards recommended that the Chase Company be authorized to
<br />install fixtures and plumbing at the Farmer elottage in Riverside Park at a price
<br />of $37.80, and on moti on it was so ordered.
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<br />An OrdLlanee providing for the disposal of garbage, rubbish, trash and
<br />refuse in t,he City of Eugene and providing regulations as to the manner of such
<br />disposal, having been read the first t,ime on March 9, 'l931, was read the second
<br />time, and passed its third reading by title by unanimous consent under suspen-
<br />sion of the rule, and was placed on its final passage. The ayes and nays were
<br />called, all,~resent voting aye, nay, none. The Ordinance was declared passed
<br />and numbered 8033.
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