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<br /> RESOLUTIONS , ,
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<br /> 20 RESOLUTION - RE: REMODELING AND RECONSTRUCTION OF C I T Y BU I L DIN G S WAS SUBMITTED AND, READ AS i
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<br /> FOLLOWS: -,
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<br /> '.",."I,{ "WHEREAS, THE CITY OF EUGENE HAS BEEN NOTIFIED BY C. A. SWARTZ, SHERIFF .FOR lANE COUNTY,
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<br /> ,~ STATE OF OREGON, THAT ON AND AFTER SEPTEMBER I , 1949, IT WILL BE IMPOSSIBLE FOR THE LANE
<br /> 'c..~ COUNTY JAIL ACCOMMODATE PRISONERS OF THE CITY OF EUGENE, AND :
<br /> TO
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<br /> WHEREAS, IT IS NECESSARY THA T THE CITY OF EUGENE SECU'RE AS SOON AS POSSIBLE JAIL FACILITIES,
<br /> BE I TRESOlVED THAT THE CITY.MANAGER BE, ,AND HE IS HE R E BY AUT HOR IZE D TO OBTAIN PRELIMINARY I
<br /> ESTIMATES CONCERNING THE COS T OF REMODELING THE CITY BARN AT FIFTH AND OLIVE STREETS, INTO A "
<br /> COMBINED POLICE DEPARTMENT AND CITY JAIL, AND ALSO TO OBTAIN ESTIMATES CONCERNING THE COST OF , :
<br /> ERECTING A SUITABLE STRUCTURE 'FOR' THE MAINTENANCE DEPARTMENT, AND THE REMOD'EL ING OF A PORTION
<br /> OF THE FIRST FLOOR OF THE CITY HALL. SA I D 'C I T Y MANAGER BE, AND HE IS FURTHER AUTHORIZED TO
<br /> EMPLO Y AN ARCHITECT FOR THE PURPOSE OF OBTAINING THE NECESSARY ESTIMATES AND PRELIMINARY
<br /> INFORMATION.
<br /> ADOPTED THI S 25TH DAY OF Ju L Y, 1949. " .
<br /> IT WAS MOVED -BY HAWN, SECONDED BY DAVIS THAT THE RESOLUTION BE ADOPTED. MOTION CARRIED.
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<br /> 21 RESOLUTION CONTINUING FIRST NAT I ONAL BANK '-
<br /> - RE: BORROWING PROCEDURE 'FROM WAS S U BM I T TED AND ,-
<br /> READ AS FOLLOWS: i:
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<br /> . "BE IT RESO'L VED, THAT THE CITY RECORDER-TREASURER AND MA YO R THE C IT Y OF EUGENE, "ORE GON, "
<br /> OF
<br /> BE AND THE YARE HEREBY AUTHORIZED AND EMPOWERED TO BORROW MONE Y IN THE NAME OF SAID CITY FOR
<br /> THE PURPOSE OF MEETING CURRENT EXPENSES, RETIRING OUTST AND I NG BONDS ON WARRANTS, OR PAYING
<br /> THE INTEREST THEREON, SAID MONEY TO BE BORROWED FROM THE FIR S T N A T I O'N A L BANK OF EUGENE (OREGON) ,
<br /> A NATIONAL BAN KIN G ASSOCIATION, AGGREGATE AT THE TIME OF AN Y SUCH BORROW lNG, INCLUDING THE
<br /> AMOUNT THEN TO BE BORROWED, A SUM EQUAL TO 80 PE R CENT OF THE TAXES LE V lED AND IN PRO CESS OF
<br /> COLLECTION FO R SAID CITY FOR THE CURRENT TAX YEAR 1949-1950, AND 80 PER CENT OF ALL OTHER
<br /> BU DGE TE 0 AND UNPLEDGED REVENUES EsTIMATED TO BE RECEIVED BY SAID CITY FROM OT'HE R SOURCES DURING
<br /> SAID TAX YEAR.
<br /> BE IT FURTHER RESOLVED, THA.T SAID CITY RECORDER-TREASURER AND MA YO R BE, AND THEY ARE I
<br /> HE RE BY AU THOR I ZED AND EMPOWERED TO EXECUTE, IN THE NAME OF SAID CITY, TO THE ORDER OF SAI D BANK,
<br /> PAYABLE AT EUGENE, OREGON, GENERAL FUND WARRANTS OF SAID C I T Y FOR ALL SUMS SO BORROWED, WI TH "
<br /> INTEREST AT THE RATE OF 2-1/2 PER CENT PER ANNUM, UPON SUCH TERMS IN RESPECT TO TIME AND AMOUNT
<br /> OR 'OTHERWISE, AS MAY BE AGREED UPON BETWEEN SAID BAN'K AN 0 SAID C IT Y OFFICIALS.
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<br /> BE IT FURTHER RESOLVED, THAT THE CITY RECORDER SHALL AND HE HE RE BY I S "AUTHOR I ZED AND
<br /> DIRECTED TO DEL I VER TO SAID BANK A CO P Y 0 F THESE RESOLUTIONS, PROPERLY CERTIFIED BY HIM, AS
<br /> EVIDENCE OF THE AUTHORITY OF SAID OFFICIALS TO BORROW SAID MONEY AND EXECUTE AND DELIVER SAID
<br /> WARRANTS IN ACCORDANCE WITH THE FOREGO I NG. " .
<br /> IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE RESOLUTION BE ADOPTED. MOTION CARRIED.
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<br /> 22 RESOLUTION - RE: CONTINUING BORROWING PROCEDURE FROM U. s. NATIONAL BANK WAS SU BM I TTED AND READ "
<br /> AS FOLLOWS: .
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<br /> "BE IT RESOLV ED, THAT THE CITY RECORDER-TREASURER AND MA YOR OF THE CITY OF EUGENE, OREGON,
<br /> BE AND THE Y HEREBY ARE AUTHORIZED AND EMPOWERED TO BORROW "MONE Y IN THE NAME OF SAID CITY FOR ;:
<br /> THE PURPOSE OF MEETING CURRENT EXPENSES, RETIRING OUTSTANDI NG BONDS ON WARRAN"TS, OR PAYING THE .,
<br /> INTEREST THEREON, SAID MONEY TO BE BORROWED FROM THE UN I TE D STATES NATIONAL BANK OF PORTLAND .J
<br /> (OREGON), A NATIONAL BANKING ASSOCI ATION, AT ITS E U GE N E BRANCH, AGGREGATE AT THE TIME OF ANY
<br /> SUCH BORROWING, I NCLUDI NG THE AMOUNT THEN TO BE BORROWED, A SUM EQUAL TO 80 PER CENT OF THE
<br /> TAXES LEVIED AND IN PROCESS OF COLLECTION FOR SArD CITY FOR THE CURRENT TAX YEAR 1949-1950, ,:
<br /> AND 80 PER CENT OF ALL o T HE R BUDGETED AND UNPLEDGED REVENUES ESTIMATED TO BE RECEIVED BY SAID "
<br /> CITY FROM OTHER SOURCES DU R I N G SAID TAX YEAR. " I
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<br /> BE IT fU R T HE R RESOLVED, THAT SAID CITY RECORDER-TREASURER AND MAYOR BE, AND THEY ARE
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<br /> HEREBY AUTHORIZED AND EMPOWERED TO EXECUTE, IN THE NAME OF SAID CITY, TO TH-E ORDER OF SAID
<br /> BAN K, PA YABLE AT EUGENE, OREGO.N, GENERAL FUND WARRANTS OF SAID CITY FOR ALL SUMS SO BORROWED,
<br /> WI TH INTEREST AT THE RA TE OF 2-1/2 PER CENT PE R ANNUM, UPON SUCH TERM 5 IN RESPECT TO TIME AND
<br /> AMOUNT OR OTHERWISE, AS MAY BE AGREED UPON BETWEEN SAID BANK AND SAID CiTY OFFICIALS.
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<br /> BE IT FURTHER RESOLVED, THAT THE C I TV RECORDER SHALL AND HE HE RE B Y IS AU"T HOR I ZE D AND
<br /> DIRECTED TO DELIVER TO SAID BANK A CO P Y 0 F THESE RESOLUTIONS, PROPERLY CERTIFIED BY HIM, AS :' .1
<br /> EVIDENCE OF THE AUTHORITY OF SAID OFFICIALS TO BORROW SAID MONEY AND EXECUTE AND DELIVER SAID
<br /> WARRANTS IN ACCORDANCE WITH THE 'FOREGO ING. "
<br /> IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE RESOLUTION BE ADOPTED. MOTION CARRIED.,
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