07/14/1930 Meeting - Laserfiche WebLink

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33~ ~---_._~---- --~~---~.~__~____ -______n_._ -~----~- -: - __,____ _ __ _ __._ 4~ __ _ ~..- - -~-- ~--- -_._-~-- ---- _.~--- - ~ . -- -~ in the form of Interim Power and Light Bonds, upon a shorter term and upon a higher rate of interest. I AND WHEREAS, the foregoing charter amendment further provides that upon ....'.' .. .,f" application of the Water Board so much and such part of the foregoing bonds as may ',~ Cr': be deemed necessary to be used with other funds for the completion of said exten- sion shall be issued and sold as needed, by the Common Council of the City of Eugene, and providing the form and manner of such issue and the disposition of such funds upon the books of the city. AND WHEREAS, the extensions f,or which the bonds are being submi tted have gone forward and the Eugene Water Board has expended large sums of money from other funds, in carrying forward such extensions and issues total~ng $800,000.00 of Interim Power and Light Bonds have been issued and are exhausted, and further funds are needed. THEREFORE, Be It Resolved by the Eugene Water Board in regular meeting assembled, that application be and the same is hereby made to the Common Coun.cil of the City of Eugene that a further issue of the bonds so authorized at .said election of May 27, 1929, in the sum of $450,000.00 be made in the manner and form in said charter amendment provided, such issue to be made either of Interim Power \ I and Light Bonds or the regular Power and Light Bonds as the Council shall deem best \ \ after having called for bids in the alternate, and that such bonds be immediately sold in the manner provided in said charter amendment, and the funds placed in the Power and Light Fund upon the books of the .c;ugene Water Board to be disbursed in carrying forward the extension of its power and light system in said city as pro- vided in said charter amendment. A copy of this resolution shall be transmitted to the Common Council of the City of Eugene, as an application of the Eugene Water Board for the issuance of $450,000.00 of either the Interim Light and Power Bonds or the regular Power and Light Bonds of said city. The foregoing resolution was duly adopted by the Eugene Water Board at its regular meeting July 14, 1930, and a copy ordered transmitted to the Honorable Mayo r and Common Council of the City of Eugene. Dated at Eugene, Oregon, July 14, 1930. C. A. McClain . Secretary of the Eugene Water Board. I RESOLUTION WHEREAS, heretofore the Common Council of the City of Eugene at the request of the Water Board of said City has submitted by resolution to the electors of sai ci ty , to be adopted or rejected by them at an election which was held in said city May 27, 1929, a proposal to amend the Charter of the City of Eugene by adding a I new Chapter thereto authorizing and empowering the City of Eugene to extend its I J " ~ ;1