Ordinance No. 19378 - Laserfiche WebLink

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indebtedness shall include a statement on their face to the effect; ~ 1 } that they do not in any manner constitute a general obligation of the Eugene Water & Electric Board, or of the City of Eugene, or create a charge upon the tax revenues of the City or upon any other revenues or property of the City, or property of the Board, but are a charge upon and payable solely from the revenues of the Electric Utility System of the City, or any portion thereof , pledged to the payment thereof ; ~ 2 } that the holders thereof may only look for repayment to the revenues of the Electric Utility System which are pledged to the payment thereof, and may not directly, ar indirectly, be paid or compensated through the property of the City, or the Eugene Water & Electric Board, or by or through the taxing power of the City. Section 3. Effective Date. This Ordinance shall take effect immediately upon its approval by the voters of the City of Eugene. Section ~. The proposed Measure shall be placed upon the official ballot by the City Recorder. There shall be furnished to the County Clerk f or Lane County certified copies of the ballot title for the Measure, The City Attorney shall prepare and the City Recorder shall furnish the ballot title for the Measure and direct that the County Clerk far Lane County place the Measure upon the ballot to be used at the special city election to be held on the 25th day of March, 19 8 6 , to be voted upon by the electors of the City. Section 3. The City Council hereby orders that the election shall be held can c urrently with and in the same manner as the special election an the 25th day of March, 1986, in accordance with the provisions of Chapter 254 of Oregon Revised Statutes, and the ballots shall be counted and tabulated and the results certified as provided by law. Section 4. The City Recorder is directed to give not less than ten days notice of the election by publication of one notice 3 ~ Ordinance