03/09/1931 Meeting - Laserfiche WebLink

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r52 . [ ,> 1 :.,fj ---_._.-.__._--~--- -------~-----_._-_._- _._---- - --,- .' ~ . - - -- .." - --. ---. inte~im Powel' and Light bonds which in the interests of economy and good manageme t the Water Board a.esires to call as of June 1, 1931, and for the purpose of refunding such bonds desires to issue $400,000.00 of the regular 5 per cent interest limit Power and Light bonds, which refunding bonds should be adve'rtised and sold in sufficient time to permit the paying of the interim power and light bonds as they shall be presented pursuant to call. It is Therefore Resolved by the Eugene Water Board in regular meeting assem led that application be and the same is hereby made to the Common Council of the City of 'Eugene that there be forthwith issued $400,000.00 of the original authorizatio Power and Light bonds, and that bids be called for, for the sale of said bonds 1 . upon a serial schedule as set up in the notice of sale which accompanies this resolution by an amortized series of maturities co~nencing on April 1, 1938, and terminating on ~ 1, 1957. The Secretary of the Eugene Water Board is hereby directed to instantly transmit to the Common Council of the City of Eugene a copy of this Resolution as an application of the Eugene Water Board for an issuance of $400,000.-00 Power and Light bonlis of the City of Eugene as refunding bonds for $400,000.00 of inter m power and light b6nds which are to be called and payment made June 1, 1931. The foregoing Resolution was duly adopted by the Eugene Water Board at its regular meeting held on Monday, March 9,1931, at 7:30 o'clock P. M., and a copy ^ I ordered transmitted to the Hon. Mayor and Common Council of the City of Eugene. Dated this 9th day of March, 1931, at Eugene, Oregon. Secre'tary Eugene Water Board n d -, I An Ordinance providing for the issuance and sale of Four Hundred Thousand . Dollars Power and Light bond~ of the City of Eugene was read the first time, and passed its second and third readings by title by unanimous consent under suspen- sion of the ~lle, and was placed on its final passage. The ayes and nayS were called, all present voting aye, nay, none, absent Zumwalt. The Ordinance was de- clared passed and numbered 8032. On motion the Council adjourned to meet at 7:30 o'clock P. M. on March 30, 1931. ~ . R. S. Bryson, Oi t y Rec order. 1 .