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Ordinance No. 19133
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Ordinance No. 19133
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Last modified
6/10/2010 3:43:19 PM
Creation date
3/10/2009 2:50:11 PM
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Council Ordinances
CMO_Document_Number
19133
Document_Title
Authorizing issuance and sale of $3,970,000 General Obligation Bancroft Improvement Bonds, Series "J", of the City of Eugene and directing that they be advertised for sale, in accordance with the Bancroft Bonding Act, and declaring an emergency.
Adopted_Date
4/20/1983
Approved Date
4/20/1983
CMO_Effective_Date
4/20/1983
Signer
R. A. "Gus" Keller
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/9/33 <br />and further that the Council of the City of Eugene will meet at <br />the hour of 12:0o Naan, Pacific Time, on the 25th day of May, <br />1983, in the Council Chamber in the City Hall of the City to <br />consider the bids so opened and to accept or reject any bid so <br />made. The notice of sale shall further state that the bonds will <br />be sold to the bidder offering the lowest true interest cast to <br />the City for not less than ninety-eight percent ~98a~ of par with <br />accrued interest, and that each bid shall be accompanied by a <br />certified or cashier's check on a solvent commercial bank in the <br />State of Orgon in an amount equal to two percent ~2~~ of the par <br />value of the bonds offered for sale as evidence of good faith on <br />the part of the bidder. <br />Section 6. Emer enc This ordinance being necessary <br />for the immediate preservation of the public peace, health and <br />safety of the City of Eugene, in order to obtain sufficient funds <br />to pay for public improvements. an emergency is hereby declared <br />to exist and this ordinance shall be in full force and effect <br />immediately upon its passage by the Council and approval by the <br />Mayor. <br />PASSED by the unanimous vaote of the Councils with a <br />quorum in attendance. this 20th day of April, 1983. <br />APPROVED by the Mayor this 20th day of April, 1983. <br />ATTEST: APPROVED: <br />~~ ~.~ <br />Recorder May r <br />Page 5 -- Ordinance <br />
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