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1904 <br />redeem interim warrants previously issued to finance construction of certai <br />n <br />local streets, sidewalks, and sewage collection lines, as authorized b <br />Revised Sta ~ y Oregon <br />totes ~23.2Q5 to ~~B.~95, ~nclus~ve, cor~monly known as the Bancroft <br />Bonding Act and are general obligations of the City, <br />IT IS ~iEREQY CERTIFIED, RECITED AND DECLARE) that all conditions <br />acts, and things required to exist, to happen, and to be performed recedent to <br />and in the issuance of this bo ~ p <br />nd have existed, nave happened, and have been per- <br />formed in due time, farm, and manner as required by the constitutian and ~- <br />tutes of the Stat sta- <br />e of Oregon; that the issue of which this bond is a part, and <br />all other obl~gat~ons of the City, are within every debt limitation and <br />other <br />limits prescribed by such constitutian and statutes; and that the Cit <br />vi ded for ~ y has pro- <br />the levying annually of a direct ad valorer~ tax as re uired u on all <br />the pro ert with the Cat o ~ ~ P <br />p, y y s taxable for its purposes, ~n suff~c~ent ar~ount to <br />pay t~~e interest on and the principal of the bonds of such issue as such obl'- <br />gat7ons respectively become due and payable. <br />IN 1~IT~~ESS ~~HEREOF, the City of Eugene has caused this bond to be <br />signed by its ~~ayor by facsimile signature and countersi ned b its Ci <br />Treasurer or Assis '' 9 y ty <br />taut C~~y Treasurer, the annexed interest coupons to be <br />executed with the facsimile signatures of such officers, and the seal of the <br />City to be printed hereon this first day of 0 I93~. <br />COUi~ITERSIC~~dED: <br />Fi Hance Officer <br />Mayor <br />Page 3 - Ordinance <br />