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<br />Council Chambers, Eugene, Oregon
<br />May 29, 1935.
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<br />Minutes of the adjourned meetin8 of the Common Council held at the hour of
<br />7:30 o'clock P.M., May 29, 1935. Council was called to order by Mayor Large,
<br />with all Councilmen present except Reid and Zumwalt.
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<br />Sealed bids for the sale of $137,000.00 Refunding Assessment Bonds C, and
<br />$55,479.16 Refundin8 Assessment Bonds D, from E. M. Adams and Company, and a joint
<br />bid on the $55,479.16 from Baker, Fordyce Co., Hess, Tripp & Butchart, and Federal
<br />Securities Company, were opened and read, and the Finance Committee retired to
<br />consider said bids. They returned later with a recommendation that the bid of E.
<br />M. Adams and Company be accepted. Motion was made, seconded to accept the
<br />Finance Committee's recoID~endation, and the ayes and nays were called, Councilmen
<br />voting aye 6, nay none, absent Reid and. Zumwalt. The bid referred to being set out
<br />in full as follows:
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<br />EU8ene, Oregon
<br />May 29, 1935.
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<br />Honorable Mayor and City Council
<br />Eugene, Oregon
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<br />Gentlemen:
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<br />For $137,000 legally issued General Obligation Refunding Assessment bonds "CO of
<br />your city, delivered to us in Portland, Oregon, to be dated July 1, 1935, and to
<br />mature as follows:
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<br />$15,000.00 July 1, 1937 $15,000.00 July 1, 1942
<br />15,000.00 II 1938 15,000.00 " 1943
<br />15,000.00 " 1939 15,000.00 " 1944
<br />15,000.00 " 1940 15,000.00 II 1945
<br />15,000.00 II 1941 2,000.00 " 1946
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<br />said bonds to be in denominations of $1,000 each, bearing interest at the rate
<br />of 3 3/4 % per annum, payable semi-annually, both interest and principal payable
<br />at the office of the City Treasurer, Eugene, Oregon,
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<br />WE WILL PAY $100.371 and accrued interest from date of bonds to date of their
<br />delivery to us for each $100 par value of bonds.
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<br />For $55,479.16 legally issued General Obligation Refunding Assessment bonds liD"
<br />of your city, delivered to us in Portland, Oregon, to be dated July 1, 1935 and to
<br />mature as follows:
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<br />$ 6,000.00 July 1, 1937 ~; 6,000.00 July 1, 1942
<br /> 6,000.00 II 1938 6,000.00 II 1943
<br /> 6,000.00 II 1939 6,000.00 " 1944
<br /> 6,000.00 n 1940 6,000.00 II 1945
<br /> 6,000.00 II 1941 1,479.16 II 1946
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<br />said bonds to be in ~enominations of $1,000 each, excepting one bond which shall
<br />be in the amount of $479.16, maturing July 1, 1946, all bearing interest at the
<br />rate of 3 3/4 % per annum, payable semi-annually, both interest and principal
<br />payable at the office of the City Treasurer, Eugene, Oregon,
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<br />WE WILL PAY $100.371 and accrued interest from date of bonds to date of their
<br />delivery to us for each $100.00 par value of bonds.
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<br />This bid is made subject to the City of Eugene furnishins us with the approving
<br />opinion by Messrs-. Teal, Winfree, McCulloch, Shuler and Kelly of the legality of
<br />said bonds.
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<br />This bid is for immediate acceptance and prompt delivery of said bonds.
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<br />We hand you herewitp our certified check in the sum of $3,850.00 as evidence of
<br />our good faith in complying with the terms and conditions of this bid which is to
<br />apply as part payment upon delivery of said bonds to us. Said creck is to be
<br />immediately returned to us if this bid isnot accepted.
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<br />Respectfully submitted,
<br />E. M.' ADAMS AND COMPANY
<br />CAMP AND COMPANY BLYTH ,ArID COMPANY
<br />CONRAD, BRUCE & COMPANY FERRIS AND HARDGROVE
<br />HEMPHILL, FENTON & CAMPBELL ATKINSON, JONES & CO.
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<br />By A. L. Hawn, Vice-President
<br />E. M. ADAHS AND C OMP _A.NY
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<br />The above offer is accepted by resolution duly adopted this 29th day of May, 1935.
<br />Attest: Elisha Larse, Mayor. II
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