ORDINANCE NO. 9270 - Laserfiche WebLink

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r~~ to 2 per cent of the par value of the bonds offered for sale as evidence of good faith on the part of the bidder, and that the publication oi' such notice for two v~Teeks, being three in- sertions, shall be deemed sufficient publication of said notice, provided, further, that if no satisfactory bid is received for the sale of said bonds at the time above specified, then the Common Council may readvertise the bonds in a manner and under conditions provided in this Ordinance and as provided by lavr. Section 3. The bonds hereinbefore mentioned were duly authorized by the legal voters of said city a.t an election held in the City of Eugene on Friday, 14ay 21, 1~1~8, at which said election the legal voters of the City amended tt~e charter of said city by adding thereto a new chapter entitled: "To improve and enlarge City's sewage and drainage system including Amazon drainage channel and to issue $L~00,000.~:)0 General Obligation bonds." wherein and wYiereby the Common Council of the City of Eugene eras authorized, empowered and directed to issue and sell negotiable general obligation bonds of the City of Eugene in the amount of.' ~v1i00,000.00, or so much thereof as shall from time to tome be needed for the purpose of constructing, repairing, extending and enlarging the sewage and drainage system of the City of Eugene and the Amazon drainage channel, and to secure and purchase real estate rights of wa,.~ and easements and to repair and reconstruct bridges crossing the F-mazon drainage channel, and' only X30,000.00 of the said bonds so authorized.by said charter amendment having been sold, the Common Council does hF:reby deem and determine that it is now expedient, convenient, and necessary to sell the sun of X40,000.00 of said bonds for the purpose aforesaid. Approved by the u'iayor this Passed by the Common Council 2~th day of January, 191:9. this 21tth day of January, 19L~9. /s/ V. E. Johnson Mayor /s/ Henry F. ~3eistel City Recorder 1 I r