Ordinance No. 18635 - Laserfiche WebLink

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ORDINANCE N0. LgFj3~ AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE of THREE MILLION EIGHT HUNDRED FIFTY THOUSAND DOLLARS x$3,850,000} GENERAL OBLIGATION BANCROFT IMPROVEMENT BONDS, SERIES "G", OF THE CITY OF EUGENE, OREGON, AND DIRECTING THAT THEY BE ADVERTISED FDR SALE, ALL IN ACCORDANCE WITH THE PROVISIONS OF CHAPTER 223, OREGON REVISED STATUTES, COMMONLY KNOWN AS THE BANCROFT BONDING ACT, AND DECLARING AN EMERGENCY. WHEREAS, the City of Eugene, Oregon has heretofore caused certain streets to be improved and certain sewers to be laid and installed and certain sidewalks to be constructed within said City, and has assessed the cost thereof to the property abutting thereon and benefited thereby in accordance with the provisions of the Charter of said City and said City's ordinances, and, WHEREAS, many of the owners of the property so assessed for such improvements in a sum exceeding $25.04 have been duly made and signed applications to pay said several assessments semiannually for ten successive years in accordance with the provisions of said Bancroft Bonding Act, and, WHEREAS, an Assessment and Bond Lien Docket has been fully made up in accordance with the provisions of said Bonding Act, and the total amount of the unpaid assessments for said improvements far which application has been made to pay therefor under the provisions of said Banding Act is the sum of $3,850,000 as shown by the Bond Lien Docket of the City of Eugene, Oregon, now, therefore , THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. Authorization. The City of Eugene, Oregon, does hereby authorize the issuance and sale of General obligation Bancroft Improvement Bonds, Series "G" , of the City of Eugene , Oregon, in the amount of Three Million Eight Hundred Fifty Thousand Dollars x$3,850,000} , to be dated duly 1, 1980, to be numbered consecutively from one ~l} to seven hundred seventy X7.70} , .:: inclusive, to be in denominations of Five Thousand Dollars x$5,000} each, to bear interest payable semiannually on ~Tanuary l and July 1 of each year and to mature serially in numerical order as follows: Page 1 -~ Ordinance