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<br /> '. Company for month of June were re,ad and ',placed on file.
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<br /> A report; of the Ci ty Engineer on the Mary Nurre property, which the city
<br />:....,. desired to acquire for the aviation field., containing a description of the proper y :1
<br />.. ' and reciting tl~ pro rata value of the 4~8 acres as amounting to $1101.63 under a
<br /> judgment against this propert,y with othe.r' property, was placed on file. It appear
<br /> ing adviseable to wait for the confirmtion of judgment before attempting to ac- ... ..:.
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<br /> quire the title, the fi re and wat er c ommi tt ee were instructed to take up wi th the
<br />~ owners the mattieI' of purchase of this tra.ct after the confirmation.
<br /> The Eugene Water Board at this time recommended to the council that they
<br /> accept the bid ,of Blyth and COID:p,any et al for $300,000.00 at 5%, seven year bonds,
<br /> optional after 3 years at the rate ot $99.25, and councilman Large, Chairman of
<br /> the finance commi ttee, moved that the council fi.nd and detennine that the bid of
<br /> Blyth & Co., Inc. et. al., which bid is as follows, t owi t:
<br /> n Augus t 11, 1930.
<br /> Honorable City .Counc il, '.
<br /> Eugene, Ore gone
<br /> " Gen tleme.n:
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<br /> :! For' Three Hundred Thousand Dollars ($300,000.00) par value, legally issued
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<br /> I, Interim Power a.nd Light Bonds of the City of Eugene, Oregon, said bonds to be
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<br /> II dated when legally possible, t,o be in denomination of $1,000 each, to bear interes
<br /> Ii at the rate of five per cent (5%) per annum, payable semi-annually, both principal
<br /> ii and interest be).ng payable at the office ,of the: City Treasurer of Eugene, Oregon,
<br /> 'i said bonds maturing as stated below; for sai d bonds, upon delivery to us, we will
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<br /> I, pay you the following prices:
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<br /> " For five-year bonds, callable upon any interest date on and after tWQ
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<br /> II years from date, we will pay you at the rate of $99.00 for each one hundred dollar
<br /> II thereof, and accrued interest.
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<br /> II For seven-year bonds; callable upon any interest date on and after two year
<br /> Ii from dat e, we will pay you at the rate of $99.00 for each one hundred dollars ther - II
<br /> " of, 8Jld accrued. interest-.
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<br /> For seven-year bonds, callable upon any interest date on and after three
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<br /> :1 years from 'date , we will pay you at the rate of $99.25 for each one hundred dollar
<br /> " thereof, and accrued inte_rest.
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<br /> :i It is understood and agreed that you will furnish us the approving legal opiniofr
<br /> II of Messrs. Teal, Winf'ree, McCulloch & Shuler prior to our taking up and paying for
<br /> these bonds.
<br /> ;i As evidence of our good faith, we attach hereto our certified check in an amount
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<br /> Ii equal to two per cent (2%) of the ~nounts bid, which check is to be held by you
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<br /> :1 as part paymen t in case this offer is accepted, otherwise is to be returned to our
<br /> I! representative immediately.
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<br /> Ii Respectfully submitted,
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<br /> " BLYTH & CO., INC.
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<br /> i1 TUCHKER HUNTER DULm, INC.
<br /> 'I DEAL WITTER & CO.
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<br /> 'i PACIFIC BANCORPORATION
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<br /> Ii C01ThrONWEALTH SECURITIES CO.
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<br /> II BLANIffi1lJSRIP, GOULD & KEELER, INC.
<br /> i! By T. H. Boyd "
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<br /> II is the highest and best bid ob-tainable and the mos t satisfactory for the purposes
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<br /> Ii of the City of Eugene for the sale and purchase of $300,000 Interim Power and
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<br /> [I Light bonds, and that the cit.)oT award the sale of said honds to said bidders in
<br /> :1 accordance with the third form of proposal, that is for the 7 year bonds, callable
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<br /> II after three years from date at the rate of $99.25 per $100, and that the Mayor and Record-
<br /> 11 er .accept said proposal on behalf of the City of Eugene and that all other bids be
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<br /> I' and are hereby rejected, and the Recorder is instructed to return the bid checks t
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<br /> I: all unsuccessful bidders. The motion was sec onded, and the ayes and nays were
<br /> I! called, all cou.nci lmen voting aye, nay, none, ab sen t, Monroe. The motion was de-
<br /> 'I clared carried. I
<br /> Engineer Clubb submitted a statement of street signs that it would. be
<br /> necessary to aequire for the pur pose of completing .the installation of all street
<br /> signs. Moti on was made, secc nded, and carried to purchase ~he ncessary ~igns.
<br /> Claims of the Lane County Abstract Company against the, Ci ty of Eugene for
<br /> searches furnished the City Engineer in June 1927, aggregating $12.50, fo I' whi eh
<br /> Ii it was claimed warrants were issued but never delivered to the payee, were_ I' eferre
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<br /> 'I to the City Treasurer and Recorder for report.
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