Ordinance No. 19019 - Laserfiche WebLink

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19019 Section ~. Si natures ar~d Registration. Each of the bonds shall be signed by the facsi~~i ~ e signature of the ~~~ayor i n office on the date of execu- tion of such bonds; each of the bonds shall be countersigned by the City Trea- surer or Assistant City Treasurer in office on such date; the coupons apper- taining to tF~e bonds shall be executed with the facsimile signatures of .such ~~~ayor and City Treasurer or Assistant City Treasurer; and each of the bonds shall be registered in the Improvement Dond Register by the Finance officer of the City of Eugene, Lane County, State of Oregon. Section 3. Securi~. The City has assessed the cost of public im- provements to benefited properties and all monies collected therefrom shall be placed in the Dancraft Dond Redemption Fund and applied to the payment of prin- cipal and interest on these bands. The full faith and credit of the City are also pledged to the successive ~~olders of each of the bonds and of the interest coupons appertaining thereto, for the punctual payment of such obligations, when due} and the City shall levy annually, if required, a direct ad valorem tax upon all of the taxable property within the City i n cuff i c7 ent amount, after taking into consi d- eratTOn discounts taken and del~nquenc~es that may occur ire the payment of such taxes, to pay the bond and band interest obligations pror~ptly as they respectively mature; and the City covenants with the holders of its bonds, to levy such a tax annually as required during each year that any of the bonds, or of bands issued to refund them, and bond interest obligations, are outstanding. Section 4. Form, The bonds and the coupons attached thereto shall be in substantially the fallowing form, the terms of which are hereby adapted: UNITED STATES OF A~y~ERICA STATE OF OREGON COUNTY OF LANE CITY OF EUGENE GENERAL DBLIGATIOP~ 3ANCROFT IMPROVEbENT BOND, SERIES "I"' No. ~ ~S,DDO City of Eugene, in the County of Lane, State of Oregon, acknowledges itself indebted and for value received hereby promises to pay to bearer on the first day of Dctaber, 19 , the sure of FIDE THQUSAND DOLLARS with interest thereon from the date hereof at the rate of percent ~ ,/} per annum, an the first day of April and the first day of October in each year until maturity, upon surrender of the annexed interest coupons as they severally nature. The principal of and the interest upon this bond are payable in lawful money of the United States of America, at the First Interstate Dank of Oregon, Eugene iY~ain Branch, Eugene, Oregon, or at the principal office of the fiscal agency of the State of Oregon in Ne~R~ York, New York. This bond is one of a series of bonds of like date, denomination and tenor except as to interest rate, number and maturity, aggregating Four billion Five Hundred Fifty-Five Thousand Dollars ~~4,555,000} par value, issued to Page Z w Ordinance