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' ~ <br />/g~~~ <br />upon which the same may be sold shall be prescribed by ordinance. <br />However, such bonds or other evidences of indebtedness shall mature <br />not later than thirty years frog the date thereof and shall bear <br />interest at a net effective rate not to exceed thirteen per centum <br />~130~ per annum. Such bonds or other evidences of indebtedness <br />shall include a statement on their face to the effect: ~1} that <br />they do not in any manner constitute a general obligation of the <br />Eugene Water & Electric Board, or of the City of Eugene, or create <br />a charge upon the tax revenues of the City, or upon any other reve- <br />nues or property of the City, or property of the Board, but are a <br />charge upon and payable sale~.y from the revenues of the Electric <br />Utility System of the City, or any portion thereof, or from any <br />other moneys lawfully available therefor, pledged to the payment <br />thereof; X27 that the holders there®f may only look for repayment <br />to the revenues of the Electric Utility System which are pledged to <br />the payment thereof, and may not directly, ar indirectly, be paid or <br />compensated through the property of the City, or the Eugene Water & <br />Electric Board, or by or through the taxing power of the City. <br />Section 3. Effective Date. Zhis ordinance shall take effect <br />immediately upon its approval by the voters of the City of Eugene. <br />Passed by the City Council this <br />~7~day of <br />- ~uq <br />= <br />- u5'~' 1983 <br /> ~ <br />~ <br />cr <br />-~sS~, City Recorder <br />Approved by the Mayor this <br />~~ day of ~ u,$ 1983 <br />Mayor <br />Ordinance -~ 2. <br />