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<br />COMMENCI"G AT A PQINT ON THE WEST LINE OF' HILYARD StREEt,-SAlti'~OINT BEING
<br />60 fEET ~EST O~ THE SOUTHWEST CORNER .F' L~T Ii, B(oc~ I~'~~ r~~si-ADDI'TION
<br />TO CITY, OUT~OOK, RUNNING THENCE WEST 550 fEET; THENCE SOUTH PARALLEL TO THE
<br />WEST LINE OF' SAID HILYARD STREET, 670 F'EETTO THE SOUTH LiNE'OF 27TH AVENUE,
<br />IF' EXTENDED WEST, AS LAID OUT AND PLATTED IN THE fiRST Ai~ITio~ TO CITY
<br />OUTLOOK ADDI TI ON, THENCE EAST 550 nET TO THE WEST CINE of-HI LYARD-'Si'REET,
<br />SAID POINT BEING 6~ fEET WEST or JHE NOR~HWEST CORNER'OF' LOT 20,"BLOCK II,
<br />OF' fl'RST, ADDI 1'1 ON TO CI TV OUTLOOK, THENCE NORTH, ALONG THE WEST'i..INE OF'
<br />,HILYARD STREETr670 FEET TO THE PLACE. OF' BEGINNING, ALL IN EUGENEj LANE
<br />COUNTY, OREGON.
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<br />BE I NG GENERALL YLOCATED ON THE WEST, S I DE OF' HI L YARD STREET BETWEE,N EAST"~261H AVENUE ,;\ND
<br />EAST 27TH AVENUE If" EXTENDED, A PUBLIC SWIMMING POOL TOGETHER WITH ALL EQUIPMENT AND
<br />APPURTENANCES NECESSARY, USEF'UL OR CONVENIENT THtREF'ORE.
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<br />SECTION 2. fOR THE PURPOSE Of PROVIDING SUF'F'ICIENT F'~NDS fOR T~EP~R~.SES SETOUT
<br />IN SECTION I HEREOF', THE COMMON COUNCIL OF' THE SAID CITY OF' Eti~ENE IS'HtREBY AUTHORIZED,
<br />EMPOWERED AND DI RECTED TO I SSUE AND SELL AS SHALL BE DEEMED EXPED'...ENT,' 'CONVENI ENT AND
<br />NECESSARY NEGOTIABLE GENERAL OBLIGATION BONDS OF THE CITY OF' EUGENEj' OREGON TO THE AMOUNT
<br />OF' $170,000.00, OR SO MUCH THEREOF' AS SHALL BE DEEMED NECESSARY AS AFORESAID TO BE USED
<br />WITH OTHER AVAILABLE F'UNDS F'OR THE PURPOSES SET OUT HEREIN.
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<br />SECTION 3. THE BONDS HEREBY AUTHORIZED SHALL BE NEGOTIABLE GENERAL O~lIGAiiON'eONDS
<br />OF' THE SAID CITY IN SERIAL' FO~M AND ARE TO MATURE NOT LESS THAN ONE YEAR NOR ~~RET~AN"
<br />TEN YEARS, [ROM DATE' OF ISSUE THEREOF, AND MAY BE IN SUCH FORM AND Of SUCH DENO~INATION,
<br />b~E tiATE, INTEREST PAYMENT DATE, PLACE OF PAYMENT AND BEAR SUCH CALLABLE f"EATjRES~~D
<br />PROVISIONS AS THE COMMON COUNCIL OF' THE CITY OF' EUGENE MAY DEEM MOST LIKELY TO ENHANCE
<br />T~EIR VALUE AND INSURE THEIR SALEABILITY. SAID BONDS SHALL BEAR A RATE OF""NTEREST NOT
<br />GREATER THAN 6% PER ANNUM, AND SHALL BE SOLD F'OR NOT LESS THAN 98 PER CENTUM OF"THEIR
<br />PAR VAL~E AND ACCRUED INTEREST. THE BONDS ISSUED: PURSUANT TO AUTHORITY HEREBY GRANTED
<br />SHALL BE KNOWN AS AMAZON PARK SWIMMING POOL BONDS OF THE CITY OF' EUGENE.
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<br />SECTION 4. THE COMMON COUNCIL Of" THE CITY OF'EUGENE IS HEREBY AUTHORIZED AND
<br />DIRECTED TO INCLUDE ,IN ITS GENERAL MUNICIPAL TAX LEVY EACH YEAR SUCH SUF'F'ICIENT SPECI,AL
<br />LEVY AS SHALL AGGREGATE, WITH ANY OTHER AVAIl.ABLE F'UNDS, AN AMOUNT SUF'f1CIENT TO PAy
<br />THE: INTEREST ON THE BONDS AND TO PAY THE PRINCIPAL OF SAID BONDS UPON MATURITIES THEREOf
<br />AS ISSUED, WITHOUT 'REGARD TO ANY TAX LIMITATION PROVIDED BY THE CHARTER.
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<br />SECTION 5. THE COMMON COUNCIL IS HEREBY AUTHORtZED AND DIRECTED TO ISSUE AND SELL
<br />SAID BONDS F'ROM TIME TO TIME AS THE F'UNDS FROM THE ,SALE THEREOF MAY,BE NEEDED F'OR' lfHE
<br />PURPOSES HEREIN SPECIFIED, BUT BEFORE ANY OF' SAID BONDS SHALL BE SOLD IN THE MAN~ERfi:
<br />PROVIDED ~y,SECTIONS 287.002 TO 287.008, INCLUSIVE, OREGON REVISED SZATUTES, AND ANY,
<br />AMENDMENTS THERETO.
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<br />SECTION 6. THE MONEY DERIVED FROM "THE SALE OF' SAID BONDS, 'OR ANY; PORTION THEREOF,
<br />SHALL CO~STITUTE A SPECIAL fUND KNOWN AS THE AMAZON PARK SWIMMING POOL fUND,FOR THE USE
<br />AND BENEF'IT OF' THE CITY OF' EUGENE, AND SHALL B~ USED F'OR NO OTHER PURPOSE THAN HEREIN
<br />SPECI F'I'ED~
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<br />ieCTION 7. THE INDEBTEDNESS AUTHORIZED BY THIS AMENDMENT TO THE CHARTER OF' THEiSAID
<br />CITY OF' EUGENE IS IN ADDITION TO ALL OTHER INDEBTEDNESS AUTHORIZED BY THE CHARTER OF' THE
<br />C I TV OF' EUGE'NE.
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<br />THIS RESOLUTION ADOPTED THIS 14TH DAY OF' FEBRUARY, 1956."
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<br />IT WAS MOVED BY MR. BOOTH, SECONDED BY MR. KOPPE, THAT THE RESOLUTION BE ADOPTED. MOTION
<br />CARRIED.
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<br />60 IT WAS MOVED BY MR. Kopp~, SECONDED BY MR. BOOTH, THAT ADMINISTRATIVE OF'F'ICERS DRAW A
<br />STATEMENT TO BE ,I NCLUDED I N THE VOTERS' PAMPHLET ,F'ORAPPROVAL OF' ,THE COUNCI L WI TH SUCH' APPROVAL
<br />TO BE GIVEN ON OR BEFORE FEBRUARY 25, 1956. MOTI~N CARRIED.
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<br />UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEET~NG WAS ADJOURNED TO fEBRUARY 27,
<br />1956.
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<br />RESPECTF'ULLY SUBMITTED,
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<br />ROBERT A.!'rINLAYS~,
<br />CITY MANAGER.
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