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<br />Council Chambers, Eugene, Oregon
<br />April 12, 1935.
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<br />, Minutes of the adjourned meeting of the Common Council held at the hour of
<br />7:30 o'clock P. M., April 12th, 1935. Council was called to order by Mayor
<br />Large, lfor the purpose of opening and considering bids for the sale of llRefunding
<br />Assessment Bonds A and B", with all Councilmen present exc~.pt Reid and Carlson.
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<br />City Attorney Calkins addressed the Council concerning the necessity for
<br />amellding Ordinance No. 8411 and No. 8412, and the Recorder was instructed to
<br />present the amendments.'
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<br />An Ordinance amending Ordinance No. 8411, en ti tled "An Ordinance authorizing
<br />and directing the issuance, sale and/or exchange of re'funding bonds, to be
<br />designa ted, "Refunding Assessment Bonds A", for the purpose of redeeming, paying
<br />and retiring certain bonds issued pursuant to applications to pay assessments
<br />in installments, whie,h bonds are redeemable at the option of the City of Eugene,
<br />and are designated Series A. F., 5t%, in the principal sum of $154,500, maturing
<br />November 15, 1937; and directing that said bonds be called for redemption, and
<br />declaring an emergency.", passed by the Cornmon Council on the 27th day of March,
<br />1935, and approved by the lIayor olm the 30th d8JT of March, 1935, by strilcing from
<br />said Ordinance all of Section 3 and all of Section 6, wld all reference to
<br />callable bonds in the title and in the form of the bond appended, was read the
<br />first time and passed its second and third readings by title under suspension of
<br />the rule by the unmlimous consent of the Council, and was placed upon its final
<br />passage. The ayes and nays were called, Councilmen voting aye 6, nay none, absent
<br />Reid and Carlson. The Ordinance was declared passed and numbered 8414.
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<br />An Ordinance amending Ordinance No. 8412, entitled HAn Ordinance authorizing
<br />and directing the issuance, sale and/or exchange of refunding boni s,- to be
<br />designated llRefunding Assessment Bonds B", for the purpose of redeeming, paying
<br />and retiring certain bonds issued pursuant to applications to pay assessments in
<br />installments, which bonds are redeemable at the option of the City of Eugene, and
<br />are designated Series A. H., 5t/6, in the principal sum of $133,000.00, maturing
<br />November 20, 1938; and directing that said bonds be called for redemption, and
<br />declaring an emergency.", passed by the Common Council on the 27th day of March,
<br />1935, and approved by the Afuyor on the 30th day of March, 1935, by striking from
<br />said Ordinance all of Section 3 and all of Section 6, 8...'Yld all reference to
<br />callable bonds in the title and in the form of the bond appended, was read the
<br />first time and passed its second and third readings by title under suspension of
<br />the rule, by the unanimous consent of the Council and was placed upon its final
<br />passage. The ayes and nays were called, Councilmen voting aye 6, nay none, absent
<br />Reid and Carlson. The Ordinance was declared passed and numbered 8415.
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<br />At this time Councilman Reid appeared in Council.
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<br />Sealed bids for the sale of $154,600.00 Refunding Assessment A, and $133,000
<br />Refunding Assessment Bonds B, from Baker, Fordyce, Harpham Co., E. M. Adams and
<br />Company, and Camp & Co., Inc., were opened at this time, and upon motion, duly
<br />seconded and carried, the Finance Committee was instructed to meet with Mr.
<br />Houglum of the First National Baw{, and Mr. Edmunds of the Unit~d States National
<br />Bank on April 13th and determine the advisability of accepting the Camp & Company's
<br />bid. .
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<br />On motion the Council adjourned to meet at 10:00 o'clock A. M. on Saturday,
<br />April 13th, 1935.
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<br />C. M. Bryan,
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<br />Ci ty Recorder.
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