Laserfiche WebLink
ORDINANCE N0 . 19 3 7 S <br />AN ORDINANCE ORDERING A SPECIAL CITY ELECTION <br />TO BE CONDUCTED BY THE LANE COUNTY ELECTION <br />DEPARTMENT ON THE 25th DAY OF MARCH, 1986, IN <br />ACCORDANCE WITH THE PROVISIONS OF CHAPTER 254 <br />OF OREGON REVISED STATUTES; FOR THE PURPOSE <br />OF REFERRING TO THE LEGAL ELECTORS OF THE <br />CITY OF EUGENE FOR THEIR APPROVAL OR REJECTION, <br />AN ORDINANCE AUTHORIZING THE CITY OF EUGENE, <br />ACTING BY AND THROUGH TSB EUGENE WATER & <br />ELECTRIC BOARD TO ISSUE REVENUE BANDS OR <br />OTHER EVIDENCES OF INDEBTEDNESS OF THE CITY <br />IN AN AMOUNT NOT EXCEEDING $25,000,000 AGGREGATE <br />PRINCIPAL AMOUNT IN ACCORDANCE WITS THE <br />PROVISIONS OF ORDINANCE N0. 19377; PROVIDING <br />FOR ALL ACTS NECESSARY FOR THE CARRYING ON OF <br />SAID ELECTION'; AND DECLARING AN EMERGENCY. <br />THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: <br />Section 1. The City Council does hereby order an election <br />t o be held in the City of Eugene, Oregon concurrently with the <br />special election on Tuesday, the 25th day of March, 1986, at <br />which time there shall be submitted to the electors of the City <br />for their approval or rejection, the following Ordinance, to-wit: <br />Measure No. 51 <br />SUBMITTED TO THE ~TOTERS <br />BY THE CITY COUNCIL <br />Authorizes $25,000,000 revenue bonds or debt f or EWE B <br />utility improvements, <br />Should the City of Eugene be authorized to issue $25, 000, 000 <br />revenue bonds or other debt f or EWEB Electric Utility <br />improvements? <br />Approval of Eugene Ordinance No, 19377 is sought. <br />ordinance allows issuance of revenue bonds or other <br />debt up to the amount of $25 million. The debt will <br />be paid solely f rom revenues of the Eugene dater & <br />Electric Board Electric Utility System, No taxes may <br />be imposed to pay the debt. The proceeds will be used <br />1 - Ordinance <br />