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<br />ORDINANCE N0. 9212 ''~
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<br />An Ordinance providing for the issuance and sale of x;120,000.00 of General 'I
<br />j Obligation Bonds, being the bond issue authorized by the Charter Amendment ~~
<br />I entitled, ~,To erect fire department sub-stations, fire alarm system, and ~I
<br />purchase fire fighting equipment, and to issue ~v120,000.00 General Obliga-
<br />tion Bonds . ~~
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<br />THE CITY OF EUGENE DOES ORDAIN AS FOLL(NlS:
<br />j Section 1. That there shall be issued and sold as soon as may be X120,000.00 par value ;j
<br />of City of Eugen General Obligation Bonds, to bear interest at a rate not to exceed six
<br />~ per cent per annum, payable semi-annually, to bear such date as the Common Council shall
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<br />~ determine, with principal and interest payable in lavrflil money of the United States of ~,~
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<br />America of present standard value, to be negotiable in form with appropriate interest ,~
<br />coupons attached, and to be in denominations of X1,000.00 each. Said bonds shall bear ;I
<br />serial maturities and shall be payable in fourteen annual installments of principal as ~I
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<br />follows: The stun of xV8,000.00 payable two years from and after the date of issue, the sum of ~~
<br />~ X8,000.00 payable three years after the date of issue, the sum of X8,000.00 payable four ~~
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<br />years after the date of issue, the sum of X8,000.00 payable five years after the date of '~
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<br />issue, the sum of X8,000.00 payable six years after the date of issue, the sum of X8,000.00 i
<br />payable seven years after the date of issue, the sum of X8,000.00 payable eight years after
<br />the date of issue, the sum of 58,000.00 payable nine years after the date of issue, the '
<br />sum of X8,000.00 payable ten years after the date of issue, the sum of X8,000.00 payable ~.
<br />~ eleven years after the date of issue, the sum of X10,000.00 payable twelve years after date
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<br />of issue, the sum of Sv10,000.00 payable thirteen years after the date of issue, the sum of
<br />$10,000.00 payable fourteen years after the date of issue, the sum of X10,000.00 payable ,~
<br />fifteen years after the date of :issue. However, all of said bonds shall he callable by the ;~
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<br />~, City of Eugene five years after the date of. issue. The principal and interest on said bonds ~!
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<br />sha7_l be payable at the office of the City Treasurer of the City of Eugene, provided that
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<br />the Common Council and urchaser ma a ree that said
<br />p y g principal and interest shall be payable
<br />~ elseware.
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<br />The Piayor and Recorder are hereby authorized to have said bonds engraved in a suitable
<br />manner and to execute the same on behalf of the City and deliver them to the City Treasurer
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<br />who shall deliver them to the purchaser in exchange for• the purchase price thereof.
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<br />Said bonds shall be sold at a price to net the City not less than par value and accrued !'
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<br />interest.
<br />Section 2. Said bonds shall be advertised for sale at least once each week for not
<br />~ less than tyro successive weeks in a newspaper of general circulation printed and published
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<br />within the City of Eugene, Lane County, Oregon, vrhich notice shall call for sealed written
<br />bids for the purchase of said bonds and shall state that the Common Council of the City of 'i
<br />Eugene will meet at the hour of 7:30 P.r,~. on the 13th day of September, 1918, in the Council
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<br />Chamber in the City of Eugene, to open a.nd consider said bids. Said notice shall state that
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