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<br />~338
<br /> lighting and power system, and to issue $1,250,000.00 Power and Light Bonds, and
<br /> in case of need to issue any portion of said authorization in the form of Interim I
<br />~ Power and Light bonds, upon a shorter term and at a higher rate of interest,
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<br />'.~ AND WE EREAS , the foregoing charter amendment further provides that upon ap-
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<br />~~'I plication of the Water Board, so much and such part of the foregoing bonds as may
<br /> be deemed necessary to be used with other funds for the completion of said exten-
<br /> sion shall be issued and sold as needed, by the Common Council of the City of
<br /> Eugene, and providing the form and manner of such issue and the disposition of such
<br /> funds upon the books of the city,
<br /> AND WHEREAS, the extensions for which the bonds were authorized have gone
<br /> forward, and the Water Board has expended large sums from other funds, and also
<br />I issues of bonds totaling $800,000.00 of the Interim Power and Light Bonds have
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<br /> been issued and exhausted" and further funds are needed, and application for a
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<br /> further issue of the sum of $450,000.00 has been made by the Eug'ene Water Board,
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<br />I in wri ting to the Common Council of the C.L ty of Eugene, in the form of a resolution
<br /> adopted by the Eugene City Water Board July 14, 1930,
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<br /> NOW THEREFORE, the Common Council of the City of Eugene do hereby determine
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<br /> and declare, and it is hereby resolved by the City of Eugene that it is necessary
<br /> that an additional issue of $450,000 of said bonds shall be made, offered for sale I
<br /> and sold as follows; Sealed bids will be received by the City Recorder of the City
<br /> < of Eugene, Oregon, at his office in the City Hall of said City until August 11,
<br />i 1930, at the hour of 7:30 o'olook P. M. of said day, for the purohase of $450,000.0
<br />1: Power and Light Bonds of said city. Bids shall be called for in the alternate as
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<br />I' follows;
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<br />Ii POWER AND LIGHT BONDS
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<br /> Said bonds to be in denominations of not less than $100.00 and not more
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<br />I than $1000.00, or as agreed with the purchaser. Interest to be not greater than
<br /> five per cent per annum, payable semi-annually, principal and interest payable at
<br /> I the office of the City Treasurer of the City of Eugene, or as may be agreed upon wi h
<br />II the Common Council. They shall be sold at not less than par and accrued interest.
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<br />II They shall bear such date as the Mayor may designate and shall become due in accord
<br /> ance with the following schedule; provided if less than the entire ~nount are sold
<br /> they shall be prora ted from each maturi ty of the en tire schedule; and bidders are
<br /> requested to make two distinct bids, one for $300,000.00 and one for $450,000.00.
<br /> Year Amount Year Amoun t
<br /> 1936 $12,000.00 1954 $41,000.00 I
<br /> ! 1939 16,000.00 1957 46,000.00
<br /> , 1942 21,000.00 1960 52,000.00
<br /> 1945 25,000.00 1963 57,000.00
<br /> I 1948 31,000.00 1966 61,000.00
<br />~ All bonds maturing after 1950 shall be oallable at par after 1950 upon sixty days
<br />it notice before any interest due date.
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<br />Ii INTERIlil POWER AND LIGHT BONDS.
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