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<br /> Council Chambers, Eugene, Oregon
<br /> I September 26, 1935.
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<br /> Minutes of the adjourned meeting of the Common Council held at the hour of .~
<br /> 7:30 o'clock P. M. September 26, 1935. Council was called to order by Councilman
<br /> Lamb, President of the Counc1i:l, in the absence of Mayor Large, and all Councilmen
<br /> were present except Zumwalt and Carlson.
<br /> A delegation from the Washington Parent Teacher's Association addressed the
<br /> Council on the subject of providing a safety lane crossing at 7th and Willamette
<br /> Streets. This was referred to the Police Committee for action.
<br /> Sealed bid for the sale of $130,500.00 Refunding Improvement Bonds "H", from
<br /> Camp & Co., Inc. , Hemphill, Fenton & Campbell, Inc., Conrad, Bruce & Co.,
<br /> Atkinson, Jones & Co., E. M. Adams & Company, Ferris & Hardgrove, and Blyth &
<br /> Co., Inc. was opened and read, and the Finance Committee retired to consider said
<br /> .. bid. They returned with the recommendation that the bid be accepted. Motion was
<br /> made and seconded to accept the Finance Committee's recommendation, and the ayes
<br /> and nays were called, Councilmen voting aye 6, nay none, absent Zumwalt and
<br /> Carlson. The bid referred to being set out in full as follows:
<br /> " Portland, Oregon
<br /> Weptember 26, 1935
<br /> Mr. C. M. Bryan,
<br /> City Recorder,
<br /> Eugene, Oregon.
<br /> Dear Sir:
<br /> For $130,500.00 legally issued general obligation refunding improvement bonds H of
<br /> the City of Eugene, Oregon, to"be dated October 15, 1935, and to mature as follows
<br /> I $14,000 on October 15, 1936, bearing interest at the rate of 2 % per annum
<br /> 14,000 II II 11 1937," II II"" II 2 % II II
<br /> 14 000 II " II 1938 II "" II II II 2 %" II
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<br /> 14 000 " II II 1939" """"" 3~%" "
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<br /> 14,000 II , II II 1940, II """" II 3--% II II
<br /> 14,000 n " II 1941, II "II II II " 31% n II
<br /> I 14 000 " II II 1942" II nil"" 4 % II II
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<br /> 14,000 II II II 1943, II II II II II '~ 4% II II
<br /> l4,000.1l II II 1944, II II II II II II 4 % II "
<br /> 4 500 II " rr 1945 II II II II " " 4 % II "
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<br /> in denominations of $1,000 each except one bond for $500, both principal and semi-
<br /> annual interest payable at the office of the City Treasurer at Eugene, Oregon we
<br /> will pay you at the rate of $96.50 for each $100 in bonds and, in addition thereto
<br /> accrued interest to date of delivery of said bonds to us.-
<br /> We attach hereto our certified check for $2,610, same to be held by you and
<br /> applied as part payment on the bonds if awarded to us; otherwise, to be returned
<br /> upon demand.
<br /> . It is agreed and understood that, before taking up and paying for any of said
<br /> bonds, you are to furnish us with the final approving opinion 'of Messrs. Teal,
<br /> Winfree, McCulloch, Shuler & Kelley, of Portland, Oregon, certifying as to the
<br /> legality of the above described bonds; and, if for any reason the same is not
<br /> forthcoming, the attached check is to be feturned to us immediately.
<br /> Respectfully submitted,
<br /> I CAMP & CO., INC. \..... ,
<br /> I HEMPHILL, FENTON & CAMPBELL, INC.
<br /> CONRAD, BRUCE & CO.
<br /> ATKINSON, JONES & CO.
<br /> E. M. ADAMS & COMPANY
<br /> FERRIS & HARDGROVE
<br /> I BLYTH & CO., INC.
<br /> By R. H. Martin II
<br /> An Ordinance accepting the bid of Camp & Co., Inc., Hemphill, Fenton, &
<br /> Campbell, Inc., Conrad, ,Bruce & Co., Atkinson, Jones & Co., E. M. Adams & Company,
<br /> Ferris & Hardgrove, and Blyth & Co., Inc. for the purchase of Refunding Improve-
<br /> ment Bonds "W', of the City of Eugene, in the sum of $130,500.00, and fixing the
<br /> , rate of interest on said bonds, was read the first time and passed its second and
<br /> third readings by title under suspension of the rule by the unanimous consent of
<br /> the Council, and was placed upon itg final passage. The ayes and nays were called
<br /> . Councilmen voting aye 6, nay none, absent Zumwalt and Carlson. The Ordinance was
<br /> declared passed and numbered 8445.
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