|
<br /> .. ~
<br /> . 87
<br /> ~_.- -- < - - - ~ - < ~- ~ -'-- - '
<br /> -- _u ___ __ -0 .., -- - - - --- - - - -- - -- . --- - - -- - .-.- ~ - - -.
<br /> COUDeil Chambers, Eugene, Oregon,
<br /> 0 ~ September 14, 1931.
<br /> I .
<br /> < Minutes ot the regular monthly ~ession of the Common C1ouncil, held CO
<br /> at 7:30 o'clock p. M., September 14,1931. Council was called to order by ,;~
<br /> Mayor H. E. Wilder with all Councilmen present. .~,
<br /> "v
<br /> Minutes of the regular meeting of August lOth, 1931, and of the adjourn-
<br /> ed meeting of August 24th, 1931, were read and approve~.
<br /> . Bids for the sale of $200,000.00 Power and Light'Bonds of the City of
<br /> Eugene were opened. and read, bids being received from Rufus C. Holman, State
<br /> Treasurer; ,$mith, Camp & Rile.jr, Ltd. et al; and. Ferris & Hard.grove et ale On
<br /> motion the bid.s were referred to the Eugene Water Board for consid.eration, and
<br /> later the Eugene Water Board. returned said bid.s with a recommendation to the Qounc
<br /> that the sale of the bonds be awarded. to the State of Oregon Treasury Department.
<br /> Chairman Large of the Finance Committee moved that the reoommendation of the Water
<br /> .' Board be ad.opted, and that the Counoil now find.s and d.etermines that the bid. of th
<br /> State of Orego~ Treasury Department by Rutus C. Holman, State Treasurer, whioh bid
<br /> is as follows, towi t:
<br /> "~on. Mayor and Common Council,
<br /> Eugene, Oregon.
<br /> Gentlemen:
<br /> I ' For the $200,000 Power and Light bonds of the oity of Eugene, to be
<br /> dated October 1, 1931, to bear interest at the rate of 4~ per annum, payable semi.
<br /> annually at the offioe of the City Treasurer of Eugene, and. to mature serially as
<br /> follows:
<br /> , .
<br /> $6 000 10-1-38 $ 9 000 10-1-45 $12 000 10-1-52
<br /> 7 000 10-1-39 9 000 10-1-46 12 000 10-1-53
<br /> 7 000 10-1-40 10 000 10-1-47 13 000 10-1-54
<br /> 7 000 10-1-41 10 000 < 10-1-48 13 000 10-1-55
<br /> , 8 000 10"",1~42 10 000 10-1.,.,49 14 000 10..1-56
<br /> I 8 000 10...1-43 1~ 000 . 10-1-50 15,000 10-1-57
<br /> . 8 000 10~1..44 11 000 . 10-1.,.51
<br /> we offer $100.61 for eaoh $J.OO.OO par val~e and acorued interest to date of
<br /> delivery.
<br /> . ,
<br /> , It is understood that you wili furnish to the suooessful bidder the ~ ,
<br /> approving legal opinion of Teal, Winfree, ).IcCul10ch & Shuler, Portland, Oregon,
<br /> evidenoing the legality and regularity of. the issue.
<br /> .
<br /> We are not enolosing oertified oheck with the bid, for the reason that
<br /> acoording to the provisions of Chapter 359, Oregon Laws 1931, suoh deposit is not
<br /> required from the State of Oregon.
<br /> Yours very truly,
<br /> Rufus e. Holman, StateXreasurer,
<br /> . By"red H. Paulus, Deputy. n
<br /> is the highest and best bid received, and that the same is hereby accepted by the
<br /> City of Eugene, and that the sale of said bonds be award~d to the State of Oregon
<br /> Treasury Department in aocordance with said bid, and that all other bids be r~ject
<br /> ed and that the Recorder be instructed to return the cheoks of unsuccessfUl bidder .
<br /> The motion was seoonded, and the ayes and. nays were called, counoilmen voting aye,
<br /> e~ght, nay, none, and the motion was declared carried.
<br /> The Judiciary Committee, by Chairman Edwards, recommended to the Council
<br /> the adoption of the proposed oontract with Hobi Airways, a o9rporat,ion, and on
<br /> motion duly seoonded the recommendation was adopted.
<br /> Chairman Large of the Finance Committee reported on the :rollowing:
<br /> That apparently there is nothing that oan be done in reference to the
<br /> I oharge made by the banks in the handling of City funds.
<br /> Recommended that the following bills be paid. The ayes and nays were
<br /> called, all Councilmen voting aye, nay, none:
<br /> IMPROVEMENT BOND I J.I1TEREST FUND
<br /> F., Wentworth, Treas. A~l ,000.00 F . Wentworth, Treas. $1,000.00
<br /> F. Wentworth, Treas. 1,000.00 F. Wentworth, Treas. 1,208.15
<br /> INTERSECTION FUND
<br /> .. $2,800.23 F. Wentworth, Treas.
<br /> F. Wentworth, Treas. $1,825.76
<br /> F. Wentworth, Treas. $2,000.00
<br /> .....
<br />
|