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<br />.Council Chambers, Eugene, Oregon
<br />I August 29, 1935. W
<br />
<br />
<br />Minutes of the adjournedmmeeting of the Common Council held at the hour of ~~
<br />7:30 o'clock P. M., August 29th, 1935. Council was called to order by Mayor Lange, -',<,
<br />with all Councilmen-present except Reid and .Carlson.
<br />
<br />Sealed bide for the sale of $113,000.00 Refunding Improvement Bonds "G",
<br />from Hemphill, Fenton & Campbell, was opened and read, and the Finance Committee
<br />retired to consider said bid. They returned later with the recommendation that the
<br />bid of Hemphill, Fenton & Campbell be accepted. Motion was made and seconded to
<br />accept the Finance Committee's recommendation, and the ayes and nays were called.
<br />Councilmen voting aye 6, nay none, absent Reid and Oarlson. The bid referred to
<br />being set out in full as follows: ~
<br />
<br />" Portland, Oregon
<br />.. August 29, 1935.
<br />
<br />Oity Oouncil of Eugene,
<br />Eugene,
<br />Oregon.
<br />I
<br />Gentlemen:
<br />
<br />For the legally issued $113,000. principal amount City of Eugene Refunding
<br />Improvement Bonds Series "G", to be dated September 15, 1935, issued in
<br />denominations of $1,000. each, $11,000. thereof due September 15, 1936, and
<br />$11,000. due on the 15th day of 'September of each succeeding year to and includ-
<br />ing September 15, 1944, and $14,000. due September 15, 1945, bonds to bear
<br />interest at the rate of 3 3/4 % per annum, interest payable semi-annually on the
<br />15th days of March and September of each year, principal and interest payable
<br />at the office of the Oity Treasurer in Eugene, Oregon, we will pay $100.031 per
<br />$100. par value thereof, plus accrued interest to date of delivery to us, said
<br />I bonds to be due. on the above-mentioned dates without right of prior redemption.
<br />
<br />We are attaching hereto our certified check in the amount of $2,260.00,
<br />representing 2$. of the par value of bonds bid for. This bid is submitted
<br />unconditionally, it being understood, however, that we are to receive the final
<br />approving opinion of Teal, Winfree, -McOulloch, Shuler & Kelley of Portland.
<br />
<br />Respectfully submitted,
<br />
<br />E. M. ADAMS & CO.,
<br />ATKINSON, JONES & 00.,
<br />BLYTH & 00., INOT."
<br />CAMP & 00., INO.,
<br />OONRAD, BRUOE & 00.,
<br />FERRIS & HARDGROVE,
<br />HEMPHILL, FENTON & OAMPBELL
<br />I Incorporated
<br />
<br />I . By W. H. Hemphill
<br />: . AOCEPTED:
<br />I
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<br />Mr. Gordon Wells addressed the Oouncil on the subject of cancellation of
<br />interest on assessments against property held by Mr. Harry Gordon. He pointed,
<br />out that at the time Mr. Gordon purchased the property the owner, Mrs. Nelson,
<br />checked the taxes and assessments, paid.the taxes in full and was assured that
<br />all assessments were paid. Mr. Gordon then checked and found the same condition,
<br />and purchased the property. He now finds that he has considerable in the way of
<br />asseEsments against the property. He is willing and ready to pay the principal
<br />of the assessments but prays the. Oouncil for release from the interest. This
<br />'I matter was referred to the Finance Oommittee, Oity Engineer and Oity Attorney.
<br />
<br />i Oouncilman Lamb, Chairman of the Street Oommittee, reported that they were
<br />notified of a very bad condition existing on Woodland Ave., which is a continuation
<br />of 15th Avenue East. The property owners served by this avenue wished the same
<br />widened and put in better condition. This was referred to the Street Oommittee
<br />and Oity Engineer.
<br />
<br />Oouncilman Bond, Ohairman of the Fire and Water Oommittee reported that they
<br />had received figures on the cost of a fire alarm system, which would amount to
<br />$42,800.00 for the equipment. All labor and the installation would be additional.
<br />
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