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<br />1/26/59,
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<br />REVENUES OF SAID SYSTEM SHALL BE ISSUED ~AVING ANY PRIORITY WITH RESPECT TO PAY-
<br />MENT OF PRINCIPAL OR INTEREST, OUT:OF SUCH REVENUES OVER OTHER SONDS ISSUED
<br />UNDER THIS CHAPTER; AND (3) THE ELECTRIC UTILITY SYSTEM OF THE CITY, THE MONEYS
<br />PERTAINING TO WHICH- ARE REQUIRED BY THE ~ROVISIONS OF SECTION 3 OF THIS CHAPTER
<br />TO BE DEPOSITED IN A SEPARATE FUND FOR THE PURPOSES OF SAID SYSTEM SHALL NOT BE
<br />SOLO OR OTHERWISE DISPOSED OF, AS A WHOLE, OR SUBSTANTIALLY AS A WHOLE, BY THE
<br />CITY, UNLESS SUCH SALE OR OTHER DISPOSITION BE SO ARRANGED AS TO RESULT IN A
<br />CONTINUANCE OF PAYMENTS INTO THE FUNDS DEDICATED TO THE PAYMENT OF SAID BONOS
<br />SUFFICIENT IN AMOUNT TO PERMIT PAYMENT THEREFROM OF PRINCIPAL AND INTEREST OF
<br />ALL BONOS PAYABLE OUT :OF THE SAID 'REVENUES', OR .PROVIDE FOR SUCH P.AYMENTS INTO
<br />SOME OTHER FUND CHARGED WITH THE PAYMENT OF SUCH PRINCIPAL AND INTEREST; AND
<br />(4) NO INDEBTEDNESS PAYABLE OUT OF SAID REVENUES SHALL BE CREATED, AND NO
<br />TRANSFERS OUT OF SAID REVENUES SHALL BE MADE, IN CONTRAVENTION OF THE PROVI-
<br />SIONS OF ANY RESOLUTIONS HERETOFORE OR HEREAFTER ADOPTED BY THE BOARD IN CON-
<br />NECTION WITH THE AUTHORIZATION OF ANY BONOS PAYABLE OUT OF SAID REVENUES, OR
<br />IN CONTRAVENTION'OF' THE PROVISIONS OF ANY RESOLUTIONS WHICH THE BOARD MAY, IN
<br />ITS DISCRETION, AND WHICH IT IS HEREBY AUTHORIZED TO, ADOPT, IN CONNECTION
<br />WITH THE ISSUE OF ANY BONOS PURSUANT TO THIS CHAPTER OR THIS CHARTER, IMPOSING
<br />RESTRICTIONS ON THE FUTURE ISSUES OF BOND~ PAYABLE OUT OF SAID REVENUES.
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<br />SECTION 6. THIS CHAPTER SHALL BE COMPLETE AUTHORITY FOR THE ISSUANCE OF
<br />THE BONOS OR OTHER EVIDENCES OF INDEBTEDNESS AUTHORIZED UNDER THE PROVISIONS
<br />HEREOF, AND NO PROCEEDINGS FOR THE AUTHORIZATION, ISSUANCE OR SALE OF BONOS
<br />OF THE CITY OF EUGENE REQUIRED BY THE .STATUTES OF OREGON OR THE CHARTER OF
<br />THE CITY OTHER THAN BY THIS CHAPTER NEED BE TAKEN IN ORDER TO AUTHORIZE,
<br />ISSUE AND SELL SUCH BONOS AT SUCH PRICE OR PRICES, AND AT PUBLIC OR PRIVATE
<br />SALE AS SHALL BE DETERMINED BY THE BOARD, PROVIDED, HOWEVER, THAT THE IN-
<br />TEREST COST ON ANY ISSUE OF BONOS SO SOLO SHALL NOT EXCEED SIX PERCENT PER
<br />ANNUM TO THE ISSUER. BoNOS AUTHORIZED BY THIS CHAPTER SHALL NOT BE SUBJECT
<br />TO, OR INCLUDE~ IN COMPUTING, ANY DtBTOR OTHER LIMITATION PRESCRIBED BY
<br />THE CONSTITUTION OR STATUTES OF THE STATE OF OREGON OR THE CHARTER OF THE
<br />CITY OF EUGENE, AND THE PROVISIONS OF THIS CHAPTER, AND OF ANY RESOLUTION
<br />OR RESOLUTIONS ADOPTED HEREUNDER AUTHORIZING THE ISSUANCE OF BONOS OR OTHER
<br />EVIDENCES OF INDEBTEDNESS, AND THE PROVISIONS OF SUCH BONOS OR OTHER ~VIDENCES
<br />OF INDEBTEDNESS AND ANY COUPONS THERETO APPERTAINING, SHALL CONSTITU~E A CON-
<br />TRACT WITH THE HOLDERS FROM TIME TO TIME OF SUCH BONOS OR OTHER EVIDENCES OF
<br />INDEBTEDNESS WHICH SHALL BE ENFORCEABLE BY ANY HOLDER.OF SUCH-SECURITIES.".
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<br />IT WAS MOVED BY MR. SHEARER SECONDED BY MRS. LAURIS THAT THE RESOLUTION BE ADOPTED AS READ.
<br />ROLLCALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE, MOTION CARRIED.
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<br />RESOSUTION - RE: PARKING, STOP SIGN AND ONE-WAY TRAFFIC RESTRICTIONS IN COURTHOUSE AREA AND PARK
<br />STREETS WAS SUBMITTED AND READ AS FOLLOWS:
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<br />"WHEREAS, CHAPTER 28 EUGENE CITY CODE, ENTITLED MOTOR VEHICLES-AND TRAFFIC,
<br />PROVIDES THAT PARKING RESTRICTIONS, STOP SIGN RESTRICTIONS AND ONE-WAY TRAFFIC
<br />RESTRICTIONS ON THE STREETS OF THE CITY OF EUGENE WHltH ARE ESTABLISHED AFTER
<br />THE DATE OF THE ADOPTION OF SAID CODE SHALL BE ESTABLisHED BY RESDLUTION, AND
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<br />WHEREAS, THE COMMON COUNCIL, AFTER INVESTIGATION, CONSULTATION AND STUDY,
<br />HAS DETERMINED THAT ADDITIONAL PARKING, TRAFFIC REGULATIONS AND STOP RESTRIC-
<br />TIONS SHOULD BE ESTABLISHED;
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<br />NOW, THEREFORE, BE- IT RESOLVED BY THE.C()t.M)N COUNCIL OF-THE CITY Of
<br />EUGENE AS FOLLOWS:
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<br />I. THAT THE EAST/WEST ALLEY FROM EAST PARK STREET TO PEARL STREET
<br />BETWEEN 7TH AVENUE AND 8TH AVENUE BE ESTABLISHED AS A ONE-WAY
<br />ALLEY FOR EASTBOUND TRAFFIC.
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<br />2. THAT THE FOLLOWING AREAS BE DESIGNATED AS "COUNTY PARKING ONLY":
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<br />A.'ON THE WEST SIDE OF EAST PARK STREET AND THE EXTENSION
<br />THEREOF FROM 7TH AVENUE TO 8TH AVENUE.
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<br />B. ON THE EAST SIDE OF EAST PARK STREET FROM 7TH AVENUE TO
<br />THE EAST/WEST ALLEY RUNNING FROM EAST PARK STREET TO
<br />PEARL STREET.
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<br />3. THAT EAST PARK STREET BE DESIGNATED A ONE-WAY STREET FOR SOUTHBOUND
<br />TRAFFIC FROM 7TH AVENUE TO 8TH AVENUE.
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<br />4. THAT PARALLEL PARKING BE ESTABLISHED AT THE FOLLOWING LOCATIONS
<br />~HICH ARE PRESENTLY DESIGNATED AS ANGLE PARKING:
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<br />A. ON fRE EAST SIDE OF EAST PARK STREET FROM THE EAST/WEST
<br />ALLEY BETWEEN 7TH AND 8TH AVENUES TO 8TH AVENUE AND ON
<br />THE WEST SIDE OF EAST PARK STREET FROM 8TH AVENUE TO
<br />SOUTH PARK STREET.
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