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<br /> To. A C QUI R E BY CON 0 E M N A T ION, PURCHASE, OR GI.fT ANY.REAL PROPERTY OR ANY
<br /> INTEREST THEREIN. ANY LANDS OR PROPERTY NECESSARY OR CONVENIENT FOR. OfF-STREET
<br /> VEHICULAR PARKING PLACES MAY BE ACQUIRED,IN FEE SIMPLE BY CONDEMNATION OR OTHERWISE;
<br /> (0 ) To ~MPROVE ANY LANDS ACQUIRED BY THE CONSTRUCTION THEREON OF GAR~GES OR OTHER
<br /> BUILDINGS OR IMPROVEMENTS NECESSARY OR CONVENIENT FOR OFF-STREET VEHICULAR PARKING t
<br /> PURPOSES AND TO USE SAID BUILDINGS OR TO LEASE THEM TO PRIVATE INDIVIDUAL FIRM OR I
<br /> I CORPORATION TO BE USED FOR PARKING FACILITIES.
<br /> II
<br /> ( E ) To COLLECT FEES AND CHARGES FOR THE PRIVILEGE Of USING OFF-STREET PARKING
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<br /> FACILlTIES~ II
<br /> ( F) To ESTABLISH FUNDS FOR SUCH SYSTEM OR SYSTEMS ANO PLACE
<br /> LIMITATIONS UPON THE I
<br /> USE Of MONEYS THEREFROM; I
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<br /> (G) To ESTABLISH OFF-STREET VEHICULAR PARKING PLACES ONLY WITHIN THE CITY OF EUGENE; i
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<br /> ( H , To ACQUIRE AND INSTALL PARKING METERS OR ANY OTHER DEVICES SUITABLE AND TO II e
<br /> EMPLOY ATTENDANTS TO REGULA1E THE COLLECTION OF PARKING FEES AND PUNISH BY FINE I N THE Ii
<br /> MUNICIPAL COURT OF THE CITY OF EUGENE ANY PERSON WHO SHALL PARK ANY MOTOR VEHICL~ UPON
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<br /> ANY SUCH PARKING FACILITY WITHOUT PAYING THE ESTABLISHED FEE THEREFOR. THE PRESENCE !
<br /> OF ANY MOTOR VEHICLE UPON ANY SUCH PARKING FACILITY IN VIOLATION OF THE FEE SCHEDULE I
<br /> SHALL BE PRIMA FACIE EVIDENCE THAT SAID,MOTOR VEHICLE WAS SO PARKED BY THE REGISTERED
<br /> OWNER THEREOF. I
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<br /> (I , To DO ANY AND ALL: ACTS. OR THI NGS NECESSARY OR: APPROPRIATE 'TO CARRY OUT THE I
<br /> PURPOSES OF THIS SECTION.
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<br /> SECTION 2. THE COMMON COUNCIL OF THE CITY OF EUGENE SHALL HAVE THE POWER TO MAKE
<br /> ALL NECESSARY RULES AND REGULATIONS REGARDING THE OPERATION AND MAINTENANCE OF ITS OFF- ,
<br /> STREET VEHICULAR PAR~ING FACILITIES AND BY ORDINANCE MAKE VIOLATIONS OF SAID RULES AND II
<br /> REGULATIONS. PUNISHABLE BY FINE NOT TO EXCEED Two HUNDRED DOLLARS ( $200.00 )
<br /> SECTION 3. (A) THE COMMON COUNCIL OF THE CITY OF EUGENE I
<br /> IS HEREBY EXPRESSLY I
<br /> AUTHORIZED TO ISSUE AND SELL NEGOTIABLE GENERAL OBLIGATION BONDS OF THE CITY OF EUGENE
<br /> TO THE AMOUNT OF $750,000.00, OR SO MUCH THEREOF AS MAY BE DEEMED NECESSARY FOR THE !
<br /> ,
<br /> PURCHASE, A'cQUISITION, CONSTRUCTION, IMPROVEMENT, OPERATION AND MAINTENANCE OF ANY AND I
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<br /> ALL OFF-STREET VEHICULAR PARKING FACILITIES SO ACQUIRED. .:
<br /> ( B ) THE BONOS HEREBY AUTHORIZED SHALL BE GENERAL OBLIGATION BONDS OF THE SAID I
<br /> C I TV, AND SHALL MATURE WITHIN TWENTY YEARS FROM THE DATE OF ISSUE THEREOF, AND MAY BE
<br /> IN SUCH FORM AND OF SUCH DENOMINATION, DUE DATE, INTEREST PAYMENT DATE, PLACE OF PAYMENT, I
<br /> AND BEAR SUCH CALLABLE FEATURES AND PROVISIONS .AS THE COMMON COUNCIL MAY DEEM DESIRABLE. I
<br /> SAID BONDS SHALL BEAR A RATE OF INTEREST NOT GREATER THAN 6% PER ANNUM, AND SHALL BE ,
<br /> Ii
<br /> SOLD FOR NOT LESS THAN 98 PER CENTUM OF THEIR PAR VALUE AND ACCRUED INTEREST.
<br /> THE COMMON COUNCIL OF THE CITY OF EUGENE SHALL PLEDGE, ALLOCATE AND USE ALL NET I
<br /> REVENUE FROM OFF-STREET PARKING FACILITIES FOR THE PAYMENT OF PRINCIPAL AND INTEREST !I I
<br /> ON ALL BONDS ISSUED AND OUTSTANDING UNDER THE PROVISIONS OF THIS CHARTER AMENDMENT, I[
<br /> UNTIL ALL SUCH BONDS AND THE INTEREST THEREO~ HAVE BEEN FULLY PAID. THE COMMON COUNCIL II
<br /> SHALL ALSO PLEOGE, ALLOCATE AND USE 25 PERCENT OF THE REVENUE RECEIVED FROM ON-STREET Ii
<br /> PARKING METERS, OR $50,000.00 THEREOF, PER ANNUM, WHICHEVER SUM IS GREATER, FOR THE
<br /> PAYMENT OF THE PRINCIPAL AND INTEREST ON ALL BONDS ISSUED UNDER THIS AMENDMENT. THIS II
<br /> PLEDGE OF ADDITIONAL SECURITY SHALL BE IN ADDITION TO THE GENERAL CREDIT OF THE CITY II
<br /> OF EUGENE. I,
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<br /> SECTION 4. THE COMMON COUNCIL bF THE CITY OF EUGENE IS HEREBY AU~HORIZED AND ,I -
<br /> DIRECTED TO LEVY AND COLLECT EACH.YEAR SUCH SPECIAL TAX LEVY AS SHALL BE SUFFICIENT, II
<br /> I TOGETHER WITH THE PLEDGED PARKING METER REVENUE AND ANY OTHER AVAILABLE FUNDS, AN AMOUNT II
<br /> I SUFFiCIENT TO PAY THE I NTEREST ON THE BONDS AND TO PAY THE PR I NC I PAL' OF SA I 0 BONDS UPON il
<br /> THE MATURITIES THEREOF AS ISSUED, WITHOUT REGARD TO ANY TAX LIMITATION PROVIDED IN THIS
<br /> CHARTER. II
<br /> II
<br /> SECTION 5. THE AUTHORITY GRANTED IN THIS CH~RTER AMENDMENT SHALL INCLUDE AND BE II
<br /> IN ADDITION TO ALL OF THE RIGHTS, PRIVILEGES AND POWERS GRANTED THE CITY OF EUGENE BY II
<br /> CHAPTER 474, OREGON LAWS, 1949, AS AMENDED, BEFORE OR AFT'ER THE PASSAGE OF THIS ACT, I:
<br /> AND IN THE EVENT OF ANY CONFLICT BETWEEN THE STATE STATUTES AND THIS CHARTER AMENDMENT, II
<br /> THE CHARTER AMENDMENT SHALL PREVAIL. II
<br /> . . II
<br /> SECT! ON 6. THE MONEY OERIVED FROM THE SALE OF SAID BONDS, OR ANY PORTION THEREOF, II
<br /> SHALL CONSTllUTE A SPECIAL FUND TO BE USED FOR THE PURPOSES HEREINBEFORE SET FORTH, AND q
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<br /> SHALL BE USED FOR NO OTHER PURPOSE. I! I
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