Laserfiche WebLink
/9133 <br />promises to pay to bearer on the first day of June, 19~,, <br />the sum of <br />FIVE THOUSAND DOLLARS <br />with interest thereon from the date hereof at the rate of <br />percent ~~~}~ per annum, an the first day of <br />December and the first day of June in each year until maturity,- <br />upon surrender of the annexed interest coupons as they severally <br />mature. The principal of and the interest upon this bond are <br />payable in lawful money of the United States of America, at the <br />First Interstate Bank of Oregon, Eugene Main Branch, Eugene, <br />Oregon, or at the principal office of~the fiscal agency of the <br />State of Oregon in New York, New York. <br />This bond is one of a series of bonds of like date, <br />denaminatian and tenor except as to interest rate, number and <br />maturity, aggregating Three Million Nine Hundred Seventy Thousand <br />Dollars ~$3,970,000~ par value, issued to redeem interim warrants <br />previously issued for and to finance construction of certain <br />local streets, sidewalks, and sewage collection lines, as <br />authorized by Oregon Revised Statutes 223.205 to 223.295, <br />inclusive, commonly known as the Bancroft Bonding Act, and are <br />general obligations of the City. <br />IT IS HEREBY CERTIFIED, RECITED AND DECLARED that X11 <br />conditions, acts, and things required to exist, to happen, and to <br />be performed precedent to and in the issuance of this band have <br />existed, have happened, and have been performed in due time, <br />form, and manner as required by the constitution and statutes of <br />the State of Oregan; that the issue of which this band is a part, <br />and all other obligations of the City, are within every debt <br />limitation and other limits prescribed by such constitution and <br />statutes; and that the City has provided far the levying annually <br />of a direct ad valorem tax as required upon all the property <br />within the City so taxable for its purposes, in sufficient amount <br />to pay the interest on .and the principal of the bonds of such <br />issue, as such obligations respectively become due and payable. <br />IN WITNESS WHEREoF, the City of Eugene has caused this <br />band to be signed by its Mayor by facsimile signature and <br />countersigned by its City Treasurer or Assistant City Treasurer, <br />Page 3 -- ordinance <br />