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<br /> Council Chambers, Bug-ene, Oregon,
<br /> Ju1 y 27, 1932.
<br /> Minutes of thead,journed meeting of the Common Council, held at the I
<br /> .;<-'~
<br /> ,.:.-; hour of 7:30 olclock P. M., July 27, 1932. Council was called to order by
<br /> Mayor Elisha Large, with all Councilmen present except Zumwalt and Reid.
<br /> A committee consisting of Frank Metzger, Elmo Chase, and Lee Turner,
<br /> representing the fruit and vegetable dealers, appeared before the Council call-
<br /> ing attention to the unfair Q'ompetition of foreign dealers dumping culls and
<br /> low grade produc:ts in the local market, and requested tbe Council to appoint
<br /> the City Attorney to cooperate wi th their commi ttee in drafting a sui table
<br /> o.rdinance to meet t,his sit,uation. On motion, duly seconded and carried, the
<br /> request was e-:-ranted.
<br /> ,
<br /> At t.his time bids a.re .recei ved f.rom the Fi.rst lIational Bank fo.r the
<br /> pu.rchase of ~?30,681.53 Improvement Bonds, Se.ries uA_JIt, as follows:
<br /> tt We he.reby bid par fo.r $30,681.53 Improveme nt Bonlls, Seri es ttA-J", ad- '.
<br /> ve.rtised by the City to be sold July 27,1932; said bonds to be dated August
<br /> 19, 1932, and mature in 10 years from date thereof, and be .redeemable at par
<br /> wi t h accrued inte.re st on any semi-annual date after a pe r.iod of one year from
<br /> the date of the bonds; said bonds to be in- denominations of $500. or $1,000. and
<br /> draw interest at the rate, of' 5 3/4% per annum payable semi-annually.
<br /> Our check foI' 2~0- of the amount. bid; namely, ~613..63, is attached.
<br /> I Yours ve ry t..ruly,
<br /> O. A. Houglum
<br /> Cashier. tI
<br /> II And the joint. bid of ~he United States National Bank and the First l\f ational
<br /> Bank for the purchase of $21,500.00 Sewer Bonds, as follows:'
<br /> I' n With reference to ~21,500. Sewer Bonds of Eugene offerred for sale
<br /> II
<br /> July 27,193,(:, we hereby bid $20,532.50; said bonds to be in denominations of
<br /> II $500. or $1,000. and to ~ecome due serially commencing 5 years from the date
<br /> I[ of issue at t,he ra te of ;;P4, 000. each year for 5, 6, 7, 8 and 9 years from date I
<br /> I of issue, 'and $1,500.' at 10 years from date of issue; said bonds to bear interest
<br /> at the rate elf 5~~ per annum, payable semi-annually. -
<br /> Cashier's Check for $410.65, representing 2;~ of the amount bid, is
<br /> enclosed. c
<br /> Yours truly,
<br /> The United States National
<br /> Bank
<br /> c The First National Bank IT
<br /> The bids were referred t.o 'the Finance Commi ttee, and aftel" conference the
<br /> I Finance Comrni ttee, by Chairman Hendershot t, moved tha t the Council finds and
<br /> I determines tr.~t the bids submitted are the only hids for the purchase of the
<br /> I
<br /> respecti ve bonds, and that the price bid is satisfactory, and that the Council
<br /> award the sale of said bonds to said bidders in accordance wit.h the terms of
<br /> I the re spe c ti v'e bids. The motion was seoonded, and the ayes and nays were
<br /> I called, all Councilmen pre sent. voting aye, nay, none, ab sent Zumvolal t and Rei d. .
<br /> I
<br /> I At this time Councilman Reid. a:ppeared in Council..
<br /> The statement of ~ills: for the Eugene Public Library for the months
<br /> of l,iay and: June were placed on file.
<br /> Chairman Hendersh0tt of the Finance Committee moved that the City
<br /> Treasurer be instructed t.o purchase for siriking fund purposes all General warrant ,
<br /> and that this be a continuing order until rescinded by the Council. Motion was
<br /> seconded, and. on aye and nay vote all Councilmen pre sent vot.ing aye, nay, none,
<br /> absent: Zumwalt..
<br /> At the requ.est of Attorney Ed Bailey, representing Raymond Perdew, the
<br /> I Recorder presented to the Council the proposal of Mr. Bailey that Mr. Perdew
<br /> is the ovr.ner of the West 110 feet of the South 35 feet of Lot 8, Huddlestons
<br /> Addition, and the West 110 feet of Lot 13, Block 1, Ch~l~ers Addition, and that
<br /> Mr. Perdew is securing a soldiers loan upon thi s property and tha t from the -I
<br /> proceeds of the loan they agree to pay all existing city liens and accrued in-
<br /> terest to the City, and that there is an unassessed claim of the City against
<br /> said propert~l for, principle and interest due for sidewallc construction, aggregat-
<br /> I ing at this time $92.36, for which sum said Raymond Perdew agrees to give his
<br /> note to t.he City to bear interest at 6% per annum and to be payable at the rate
<br /> of $5.00 per month until :va.id in full, and tha t the pending loan cannot be nego-
<br /> tia ted exc ept in thi s manne r. Chairman Hendershott of the Finance Committee
<br /> il p"t
<br /> moved that t.he :proposal he accepted according to the above terillS. :.!.:he motion
<br /> ii was seconded and carried. '
<br /> .' ~
<br /> The ~o~~owing reso~ution was proposed: .
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