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<br /> "... <br /> 120 <br /> - <br /> _h --- <br /> "Inasmuch as you have expressed your desire to deposit under- <br /> ,-~ Time Certificates of Deposit, this letter is to ddvise you I <br /> that until further notice any public money of .your munici- <br /> ;:fv pality which you desire to have draw interest when deposited <br /> ,..-. <br /> ..~ under Time Certificates of Deposit will receive interest at <br /> the rate of 1/2 of 1% per annum when deposited under Time <br /> Certificate of Deposit drawn for three months, or 3/4s o~ <br /> 1% per annum when deposited under Time Certificate of Deposit <br /> drawn for six months, or 1% per annum when deposited under- <br /> Time Certificate of Deposit drawn for one year." <br /> NOW, THEREFORE, Be It Resolved~ That the said offer be aecepted I <br /> and that the Treasurer be and he is hereby authorized and em- <br /> powered to accept the same, in writing, as provided for upon <br /> s~d written offer, and when so accepted in writing, said in- <br /> strument shall constitute a contract between the Common Council <br /> of the City of Eugene and the United States National Bank of <br /> Portland, Oregon, covering the subjects therein set forth, <br /> BE IT FURTHER RESOLVED, That the Recorder be and he is hereby <br /> authorized to ~ertify this resolution over the seal of this <br /> body and deliver the same to the said United States National <br /> Bank of Portland, Oregon. <br /> 38 Upon motion made and seconded, the meeting was adjourned. <br /> G. M. Bryan <br /> City Recorder <br /> I <br /> I <br /> I <br /> ~ ,I <br /> 1 <br /> I, <br />