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(3 0) years f rom the <br />such rate or rates <br />(13%) per annum. <br />date thereof and shall bear interest at <br />per annum not exceeding thirteen percent <br />(b) Such bonds and other evidences of indebtedness shall <br />include a statement on their face to the effect: <br />(1) That they do not in any manner constitute a <br />general obligation of the Eugene Water & Electric Board, <br />or of the City of Eugene, or create a charge upon the tax <br />revenues of said City, or upon any other revenues or <br />property of said city, or property of said Board, but are. <br />charges upon and are payable solely from the revenues of <br />the Electric Utility System of the City, or any portion <br />thereof, or from any other monies lawfully available <br />therefor, pledged to the payment thereof; <br />(2) That the holders thereof may only look for <br />repayment to the revenues of the Electric Utility System <br />which are pledged to the payment thereof, and may not <br />directly, or indirectly, be paid or compensated through <br />the property of the city, or the Eugene Water & Electric <br />Board, or by and through the taxing power of the City. <br />( c ) The Eugene Water & Electric Board may provide for <br />the refunding of any bonds or other evidences of indebtedness <br />so issued by the issuance and sale of refunding bonds or other <br />evidences of indebtedness upon such terms and conditions as it <br />may prescribe, and pledge to such refunding bonds and other <br />evidences of indebtedness all of the net revenues of the <br />Electric Utility System, or any portion thereof, or from any <br />other monies lawfully available therefor as it may determine; <br />provided, however, that such refunding bonds or other <br />evidences of indebtedness shall not be sold at a price less <br />than ninety-six percent (96%) of the par amount thereof, shall <br />mature not later than thirty (30) years from the date thereof <br />and shall bear interest at such rate or rates per annum not <br />exceeding thirteen percent (13%) per annum. <br />(d) Provisions shall be made for the complete <br />amortization of the principal amount of each issue of bonds <br />issued under the authority of Resolution No, 4360 and this <br />resolution within a period of thirty (30) years from the <br />respect ive date of such issue, through the medium of serial or <br />sinking fund bonds or otherwise, as the Eugene Water & <br />Electric Board may determine. <br />(e) subject only to the provisions of the resolutions <br />heretofore adopted by the Eugene Water & Electric Board <br />providing for the issuance of bands payable from the net <br />revenues of the Electric Utility System, any pledge of the <br />revenues or other monies or obligations of the Electric <br />Utility System made by the city acting by and through the <br />2 NY 1 66714.4 015259 RES <br />