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$855 <br />the sum of <br />FINE THOUSAND DOLLARS <br />with interest thereon from the date hereof at the rate of <br />percent ~ ~} per annum, on the first day of April <br />and the first day of October in each year until maturity, upon <br />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 band is one of a series of bonds of like date, <br />denomination and tenor except as to interest rate, number and <br />maturity, aggregating Four Million Nine Hundred Ten Thousand <br />Dollars ~$4,910,44~} par value, issued to provide funds to redeem <br />interim warrants previously issued to finance construction of <br />certain local streets, sidewalks, and sewage collection lines, as <br />authorized by Oregon Revised Statutes 223,245 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 all <br />conditions, acts, and things required to exist, to happen, and to <br />be performed precedent to and in the issuance of this bond 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 Oregon; 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 for the levying annually <br />of a direct ad valorem tax as required upan all the property with <br />the City so taxable for its purposes, in sufficient amount to pay <br />the interest on and the principal of the bonds of such issue, as <br />such obligations respectively become due and payable. <br />IN WITNESS WHEREOF, the City of Eugene has caused this <br />bond to be signed by its Mayor by facsimile signature and <br />countersigned by its Finance Officer, the annexed interest <br />coupons to be executed with the facsimile signatures of such <br />officers, and the seal of the City be printed hereon this <br />first day of October, 1981. <br />Mayor <br />COUNTERSIGNED: <br />r Finance Officer <br />Page 3 ~- Ordinance <br />