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X32 ORDINANCE NO~. 9416 AN ORDINANOE AUTHORIZING THE ISSUANCE AND SALE OF >~123,903.29 OF IMPROVEMENEB BONDS OF THE CITY OF EUGENE, OREGON, AND DIRECTING THAT THEY B.8 ADVERTISED FO R,SAL~, ALL IN ACCORD- ANCE WITH THE PROVISIONS OF Cg1YPTER 21 OF TITLE 95, OREGON COMRILED LAWS ANNOTATED, COMMONLY KNOWN AS THE „BAN CROFT BONDING ACTS AS AMENDED. WHEREAS, THE CITV'OF EUGENE, OREGON, HAS HF~RETOFORE CAUSED CERTAIN STREWS TO BE IMPROVED ANO CERTAIN BEtWQRS TO BE LAID AND INSTALLED AND CERTAIN SIDEWALKS TO BE CONSTRUCTED WITHIN SA10 CITY, AND HAS ASSESSED.THE COST THEREOF TO7HE PROPERTY OWNERS ABUTTING THEREON AND BENEFITTED THE REBY•IN ACCORDANCE~WITH THE PROVISIONS OF THE CHARTER OF SAID CITY AND SA10 CITY~S ORDINANCES AND WHEREAS, MAPfB OF THE OWNERS OF THE PROPERTY SO ASSESSED FOR SUCH IMPROVEMENTS IN A SUM EXCEEDING 25.00 HAVE DULY MADE AND S16NE0 APPLICATIONS TO PAY SAID SE'RERAL ASSESSMENTS IN TEN ANNUAL INSTALLMENTS'IN ACCORDANCE WITH~THE PROVISIONS OF SAID BANCROFT BONGING ACT; AND WHEREAS, AN ASSESSMENT AND BOND l1EN 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 I~ IMPROVEMENTS AND THE LAYING OF SAID SEWERS FOR WHICH APPLICATION HAS BEEN MADE TO PAY THEREFOR Ui~ UNDER THE PROVtS10NS•OF SAID BONDING ACT IS THE 'S UM.OF~$123,903.29 AS SHOWN BY SAID BOND LIEN DOCKET ON PAGES 198 AND 262, INCL'.iSIVE, OF VODUME 7. . THE CITY OF EUGENE~QOES ORDA{N AS FOLLOWS: SECTION r. THAT THE CITY OF EUGENE, OREGON, DOES HEREBY AUTHORIZE THE~ISSUANCE•AND SALE OF GENERAL OBLIGATION (hIPROVEMENTS BONDS ~SERtES C) OF SAID CITY iN THE AMOUNT. OF. $123,903.29 IN SERIAL FORM AND IN DENOMINATIONS OF X1,000.00 EACH, EXCEPT THAT THE f•TRST B~Nm SMALL BE IN THE AMOUNT OF X903.29, WHICH ISSUE OF BCNOS SHALL MATURE IN NUMERICAL ORDER AND iN TEN iUCCEEDING ANNUAL INSTALLh~.ENTS AS FOLLWOS: A FIBST INSTALLMENT IN THE $CiM OF s~6,903.29 OF ONE YEAR FROM DATE OF ISSUES ANO THEREAFTER EIGHT ANNUAL INSTALLMpNT5 OF 13,000.00 EAEH AND A FINAL INST~ALIMENT IN •T HE SUyI OF $13,000.00, AND 8HALL BEAR INTEREST AT A RATE NOT TO EXCEED 6°fo PER ANNUM, PAYABLE SEMI-ANNUALLY, PROVIDOD, HO~BEVER, THAT SAID BONDS SHALL BE SUBJECT TO REO®MPTION IN NUMERICAL ORDER ON INTEREST PAYING DATES ON OR AFTER THE SECOND YEAR FROM ISSUE DATE. SECTION 2. THAT SUCH BONDS SHALL BE SUBSTANTIALLY IN TBE FOILOWiSN FORM: NO. THE CITY OF EUGENE, STATE OF OREGON, {M•PROVEMENT BON OS SERIES C. KNOY! ALA MEN BY THESE PRESENTS: THAT THE CITY of EUGENE IN THE COUNTY OF LANE AND STATE OF OREGON, FOR VALUE RECEIVED, HEREBY PROMISES AND AGREES TO PAY THE BEARER THE SUM OF ~ IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA ON THE PRESENTATION ANO SURRENDER OF THIS OBLIGATION, ON THE DAY BF , 19 , WITHOUT GRACE, WITH INTEREST THEREON IN LIRE LAWFUL tJ,ONEY FROM THE DATE HEREOF WAtTiI PAID, OR UNTIL THE TIME OF THE SEMI-ANNUAL INTEREST PAYMENT NEXT ENSUING THE PUllBLICATION OF NOTICE B• THE CITY OF EUGENE THAT THIS BOND WILL BE TAKEN UP ANU CANCELLED, AND THE INTEREST 1 1 1