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<br />- . ' . SECT ION 3. THE BONDS HEREBV AUTHOR I ZEO.sHALt BE NEGOT I ABLE GENERAL DBLI GAT I ON ~um'I"~
<br />BONDS Of" THE SAID CITY IN SERiALf"ORM AND ARE TO MATURE NOT LESS THAN ONE YEAR NOR I .
<br />MORE THAN TWENTY YEA.RS f"ROM -DATE Of" ISSUE THER-EOf", AN-D MAY BE IN SUCH' f"ORM AND' Of"
<br />SUCH DENOMINATION, DUE DATE, INTEREST PAYMENT DATE, PLACE Of" PAYMENT AND BEAR SUCH I
<br />CALLABLE f"EATURES AND PROVJSIONS AS THE COMMON COUNCIL Of" THE CITY Of" EUGENE MAY
<br />DE'EM MOSTL I KEL Y TO ENHA.NCETHE I R VALUE AN,DI NSUR.E THEIR SALEABI L I T:Y.. SA! 0 ~ONDS : ''- I
<br />SHALL BEAR A RATE Of" INTEREST NOT GREATER THAN 6% PER ANNUM, AND SHALL BE SOLD f"OR
<br />NOT LESS THAN 98 PER CENTUM Of" THE I R PAR VALUE AND ACCRUED INTEREST.. THE BONDS
<br />II .1 SSUED P UR-SUA,NT TO: AUTHOR I TY HEREBY G'RANTE-D SHALL BE KNOW'N AS WEST 5', DE FIRE
<br />STATION AND EQUIPMENT BONDS.
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<br />I SECT ION 4. THE CONMON, Co UNC I ~ OF THE C'TV ? F EUGENE IS HEREBV ~ UT'~ R IZEO AND
<br />I . ,> DIRECTED TO INCLUDE IN ITS GENERAL MUNICIPAL !AX LE.VY EACH YEAR SUCH, SUf"f"-'C.'ENT ._
<br />1... SPEC I AL LEYY AS S!iALL AGGREGATE, WI TH ANY OTHER AVAllUBCE f"UNDS, AN ~~OUNTSUf"F'I-.
<br />CIENT TO PAY THE INTEREST ON THE BONDS AND TO PAY THE PRINCIPAL Of" SAID BONDS UPON
<br />I MATURITIES THEREOf" AS ISSUED, WITHOUT REGARD TO ANY TAX LIMITATION PROVIDED BY THE
<br />CHARTER. . I ~
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<br />SECTION 5. THE COMMON COUNCIL IS HEREBY AUTHORIZED AND DIRECTED TO ISSUE I
<br />AND S,ELL BONDS f"ROM..T.'ME. TO TIME AS T.HE .f"UNDS f"ROM THE SALE THER,EOf" MAY BE NEEDED
<br />f"OR THE PURPOSES HEREIN SPECIfIED, BUT BEfORE ANY Of SAID BONDS SHAL~ BE~SOLD, THEY
<br />SHALL BE ADVERTISED fOR SALE, AND THEY SHALL BE SOLD IN THE MANNER PROVIDED BY
<br />SECTIONS 287.002. T.O 287..~08"'NC~US.'VE,, OREGON REVISED STATUTES. I
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<br />SECT ION 6. THE MONEY DER I VED f"ROM THE SA'LE Of SA I 0 BONDS" OR ANY PORT,ION
<br />THEREOf, SHALL CONSTITUTE A SPECIA~ FUND ~NOWN AS THE WEsi SIDE tl~E STATION ~ND
<br />EQUI PMENT FUND FOR:.. THE ,USE ~NDBEN~F ':T: Of" ,THE C ITYr)Of EUGEt:lE,: AND SHALL BE USED
<br />fOR NO OTHER PURPOSE THAN HEREIN SPECIfIED.
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<br />SECTI~~ 7. t~E INDEBTEDNESS AUTHO~IZED BY ~H~S A~E~DMENT TO TH~ CHARTER OF
<br />THE SAID CITY Of" EUGENE IS IN ADDITION TO ALL OTHER INDEB.TEDNESS AUTHORIZED BY
<br />T'HE CHARTER: OF THE C I T'Y Of" EUGENE.." .. . . I
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<br />IT WAS MOVED BY MR. SHISLER SECONDED BY MR. LINDEEN THAT THE RESOLUTION BE ADOPTED. MOTION ,-, !
<br />CARRIED.
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<br />I RESOLUTION - RE: SUBMIT~ING TO ELECTORS AT GEN~~A~ELECTION TO BE HELD NOVEMBER~, 1958 CHARTER I
<br />AMEN,DMENT AU,TH~R I Z-' 'NG 'TAX LEVy.,.of" ,$175,000 PER YEAR fOR FIVE Y'EAR.S FOR SEWE~S W,AS 'SUBM I TTED AND ,READ
<br />AS f"OLLOWS:
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<br />I "BE IT RESOLV,E.o, BY TH,E MAYOR PRO TEM ANp COMMON COUNe I L Of" THE C I TYO.f" EUGENE,
<br />OREGON, THAT THER,E BE SUBMITTED TO THE ELECTORS OF SAID tITY, f"OR'THEIR APPROVAL
<br />OR REJECTION AT A SPECIAL CITY E'LE-CTlON .TO B'E. HELD TU'ESDAV:, NOVEMBER 4, 195'8;
<br />CONCURRENTLY WITH THE GENERAL S,.'A'TE ELECTION; WITHIN THE CI.T.Y 'Of" EUGENE, niE
<br />fOLLOWIN-G CHARTER AMENDt.iEN!, 'TO.~WIT:, ' ,.. .... . , .
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<br />CHARTER AMENDMENT . I
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<br />AN.ACT
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<br />To AMEND,THE CHARTER OF THE C,TY OF EUGENE ~Y ADDING ANEW CHAPTER THERETO,
<br />AUTHO'RI'Z I NG; EMP()WE:R-I ~G AND :0 I RECT I'NG- T.HE:.. C~MMON :C'oUNci L O'f" THE CITY OF' EUGENE
<br />TO DESIGN,CONSTRUCT, RECONSTRUCT, ADD TO, .AND REPAIR THE SEWER AND DRAINAGE
<br />SYSTEM or THE-C.rn~ OF~U_GENE~ INCLui:>ING THE.D'~A'INS~ DITCH.ES AN'D OU.TLE'TS;FOR,'THE
<br />CARRYI NG A!-JA_Y OF ?EWAGE: A,ND f"LOOD WATERS,. AND FOR TH_E f"OREGO I NG PURPOSES TO LEVY
<br />UPON ALL TAXABLE PROPERTY IN THE CITY A TAX LEVY EACH YEAR f"OR A PERIOD OF f"1-VE e
<br />e-OIllSECUTlVE 'YEARS, CO,MM-EN.C'ING WITH THE L'EV.Y .FOR THE TAX ROLL Of" 1959-.60,. UNTIL
<br />THE TOTAL EST,IMATED:~COST Of. $875,000 SHALL HAVE BEE,N RA.' SED, SA ID LEVY TO BE IN
<br />ADDITION TO AND IN EXCESS Of" THE CONSTITUTIONAL SIX PERCENT LIMITATION UPON THE
<br />CITY'S TAX LEVY.
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<br />THE CITY. OF EUGENE DOES ORDAIN AS FOLLOWS: - -
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<br />BE I T ENACTED BY THE LEGAL VOTERS 'OF THE CITY. O'F EUGENE, 'OREGO'N, THAT ,THE '
<br />CHARTER Of" SAID CITY BE AMENDED BY ADDING THERETO A NEW CHAPTER TO ~E~D ~S
<br />fOLLOWS: . ~-
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<br />SECT ION ,. T:HE COMMON CO:UNC I L. Of" THE t I TY OF t.UG,EN'E IS HE.REBY AUTHOR I iEo',
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<br />EMPOWERED AND DIRECTED TO DESIGN, CONSTRUCT~ RECONSTRUCT~ ADD TO AND REPAJR ~
<br />THE SEWER ANDlRAINAGE SYSTE'M OF niE CITY o,F:EUGEN.E;'INCLUDI.NG ALL~A.'NS,:_,~ITCHES
<br />AND OUTLETS f"OR THE CARRYING AWAY OF SEWAGE AND FLOOD WATERS AND f"OR THE FORE-
<br />I' GO I NG PURPOSES TO LEVY ON ALL OF THE TAXABLE PROPERTY I N THE CITY Of" EUGENE A I
<br />TAX LEVY.EACH YEAR.r~R A PERIOD Of" ,f"IVE ~ONSECU~I":~ YEARS, :COMMENCING_ WITH THE,
<br />LEVY FO,R_ THE TAX ROLL 1959-60 IN A SUf"f".'CIENT AMOUNT TO_ RAISE THE SUM OF $~75,OOO
<br />EACH YEAR UNTIL THE TOTAL ESTIMATED COST.OF THE PROJECTS HEREINAFTER ITEMIZED,
<br />TO-WIT: $875',000.00" SHALL HAVE B.EEN RAISED, SAI.D .LEVY TO BE IN ADDI,T1:0N TO AN-D
<br />IN EXCESS Of" THE CONSTITUTIONAL SIX PERCENT LIMITATION UPON THE CITY TAX LEVY.
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