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<br /> ~52 <br /> .- . ~ - -- --- --- - - ~- - -- --.-- ---~- - cc. - _c-,',:'f~'=~- -.~:"_,_'--'-cc' c ".' -= '.------ '4 -~ -'-'-==-=-~~=~=,-"_,,,,:o::=:,,~::===.c-:_o:-..:. <br /> - - - - - .-- - -- - - - <br /> .- ---_._--~ -------------- ~ . I o~ ~.~-~~-~. .-c~-o~~~--~~~.~.c .CO:~il D~;;::~s.9. E~~:~e .-~;::~.~.~' ~=c~.,=o~ <br /> I The re,gular meeting. of the, Common.,Coun,ci,l of .Eugene held December 9, I <br /> ~'l 1946 at. 7 :30. P.M. The Meeting was called to order by his Honor, Mayor ..Earl McNutt. <br /> c"''l Councilmen present at rollcall were - Koppe, Hawn, Davis, Crumbaker, Bailey, <br /> {~ Penningt.on" Johnson and., Allen., <br /> ~~I Upon motion the minutes of the last regular meeting, held November 12, 1946, were <br /> I, . <br /> I consi.der.e.d read. and, ap_p:r:oved.. <br /> 1 This being the date set- for the. o,pening of bids on. t!Ie. sale 01'_ $50,000 <br /> I General, Obligation Bonds for the purchase of the Mill Race rig~t-of-way and <br /> I $14,095.98 in Bancroft Improvement Bonds, the City Manager reported the receipt of <br /> J the following. bids: <br /> I United Stat.es National Bank, Eugene Branch <br /> I <br /> First National Bank of Eugene <br /> Chas. N. Tripp Company, Portland, Oregon_ <br /> Upon motion the"bidswer.e ,orcie.r,ed. opened and. were scheduled as follows: <br /> J50,000.00 GENERAL OBLIGATION BONDS <br /> I <br /> 1 i U. S. National Bank, Eugene Branch - 1 1/4% per annum <br /> :' Total. premi.um.- $45.00, . <br /> : First National Bank,of Eugene - 3/4% per annum at $99.65 per hundred <br /> (net yield .92%) <br /> / J14, 095. 98, BANCROFT IMPROVEMENT BmillS <br /> : U. S. National Bank, Eugene Branch - 1 1/2% per annum , <br /> I Par...plus total pr emium - $23.80 <br /> I <br /> I <br /> I - 1 1/2% per annum <br /> : First National Bank of Eugene I <br /> I Par pl~s .01 percent, <br /> I <br /> i - 1 1/2% per annum <br /> ! Chas. N. Tripp Company <br /> 100.07 per each ,$100.00 face value thereof. <br /> It was moved by Johnson, second,ed by Hawn.that the bid of th.e First National Bank <br /> of Eugene on. the issue.' of $50,000.00 GeneraL Obligation. .Bpnds be accepted and the <br /> : proper officers of the City be instructed to prepare and deliver the bonds all in <br /> ! accordance with the provisions of city ordinances and state law governing the sale <br /> r of bonds. <br /> It was moved, by Johnson" seconded. by Hawn tha.t. the bid of the. Eugene Branch <br /> ,; United States NationaL Bank. for $14,095.98. City of Eugene. Bancroft Improvement <br /> i Bonds, Series "A" be accepted and the proper city officers .authorized to prepare <br /> : and deliver these bonds all in accordance with provisions of city ordinances and <br /> : state law governing the sale.-afbonds. <br /> REPORTS OF COMMITTEES <br /> A report of the Finance Committee re: Emergency Expenditures and transfe <br /> of monies. w.as submitted and, read as follows: <br /> , <br /> 2 I "Your Committee on Finance to whom was referred various matters begs to <br /> ! <br /> ! report as follows: <br /> , <br /> , That we.. have considered a matter of emergency exp.endi.tures from. the <br /> I Equipme.nt. Renewal and Repair Appropria tion in. the Police Department. budget for <br /> : 1946-19.47, which. have resulted primarily from. thee,quipping and increased operation <br /> . of automotive equipment. Because of the emergency nature of this expense, unan- <br /> : ticipated at the time. of the. preparation of the. budge,t, i,t is the Committee's <br /> t recommendation that the sum 01'$1,116.58 be transferred from the Emergency Fund, <br /> miscellaneous classification, to Equipment Repair and Renewal account, Police <br /> Department budget. <br /> I - I <br /> I It- is further.recommended that the. sum of $500.00 be transferred from <br /> I <br /> : the Emergency Fund, miscellaneous classification, to the budget of the City <br /> ,Manager, this amount to be set up as an emergency revolving fund to be expended <br /> ! upon. the dir.ection, of the, City Council. <br /> i It. Wl;l.S moved by. Johns.on, seconded, by Hawn that the report be received and placed <br /> ion file and that the recommendations contained therein be adopted. Motion carried. <br /> 'Rollcall - all Councilmen present voting AYE. <br /> I <br /> ! <br /> i <br /> \ <br /> I <br /> ~ <br />