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ORDINANCE NO. 9095
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ORDINANCE NO. 9095
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6/29/2009 1:06:57 PM
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1/4/2006 6:07:31 PM
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Council Ordinances
CMO_Document_Number
9095
Document_Title
Authorizes the issuance & sale of $48,578.96 of Improvement Bonds and directing that they be advertised for sale, in accordance with Oregon Compiled Laws Annoted. (See ordinance for complete description.)
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43 <br /> i+ of notice by the City of Eugene that this bond will be taken up and concelled, and the <br /> ~~ ', <br />interest thereon will cease at the interest payment date next following such pub - <br /> ~i <br />! lication, at the rate of ~ per annum, payable semi-annually on the day of <br />~ <br /> ~ <br />and the day of , each year, on the Ares- <br /> entation and surrender of the proper coupons hereto annexed, principal and interest i <br /> ~~ payable at the office of the Treasurer of the City of Eugene, Oregon. This is one <br /> of a series of bonds authorized by Chapter 21 of Title 95, Oregon Compiled Laws <br />Ij <br /> ~ <br />';~ Annotated, as amended, commonly known as the "Bancroft Bonding Act" and is the general ~~ <br />i <br /> `j obligation of the City of Eugene, Oregon,~and is not to be deemed or taken to be <br />i <br /> ;! within or to be any part of the indebtedness of said city as limited by law; and it I, <br />!~ <br /> Ij is further certified that all the requirements of the laws relating thereto and of <br />~~ <br /> II~ the issuance hereof have been fully complied with by the proper officers of said city, <br />4f~ <br /> ~! and that the total amount of this issue does not exceed the limit prescribed by said <br /> ~I act. <br />!! ; <br /> ~j This bond is redeemable at the office of the Treasurer of said City of Eugene, <br />i <br /> upon the payment of the face value thereof with accrued interest at the date of payment ~ <br /> on any semi-annual coupon interest payment date on or after two years from the date '~ <br />~ <br /> ! <br />I hereof, as provided in said bonding act. <br />~ <br /> ~ <br />~ The faith and credit of the said City of Eugene are pledged for the fulfill- <br />' <br /> I 4 ~ <br />l ment of the conditions of this obligation. <br /> i~ <br />~! IN V7ITNESS tiVF~REOF, this bond has been signed by the Mayor and attested by the <br />I <br /> !~ Recorder of the City of Eugene, C}regon, and the corporate seal of said City has been j <br /> ~~ hereunto affixed this day of , 19 ~ <br />~..._ <br />~ ' <br /> ~ Attesi; x I <br />'' i <br />'~~ <br /> I~ City Recorder B~,yor ' <br /> ~~ Section 3• That there shall be attached to each of said bonds sufficient ,' <br /> ~ semi--annual interest coupons numbered numerically from the date of issue until maturity <br /> ~I date thereof, each of which shall be substantially in the following form= , <br /> j No. <br />_ City of Eugene, State of l~regon <br />i! <br /> ~+ will pay to the bearer $ in lawful money of the United States <br /> of America at the office of the Treasurer of said City on the day of <br />~ <br /> F <br />~! , 19 ,being six months' interest on Improvement ! <br /> iI <br />I; Bond No. , Series B, unless said bond is sooner redeemed as therein i <br />I; <br /> I, <br />I provided, which redemption will render this coupon void. <br />I~ <br /> I' <br />I~ City Recorder N1a,yor <br /> 1 <br />~ Section la.. That the Mayor of said City is authorized and directed to sign said ,4 <br /> <br />i <br />bonds and the coupons attached thereto, and the City Recorder to countersign the same <br />~ <br /> ~ <br />!~ and attach the seal of the City tb,ereto for and on behalf of said City. i <br />l <br />
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