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1863b
<br />UNITED STATES OF AMERICA
<br />STATE OF OREGON
<br />COUNTY OF LANE
<br />CITY OF EUGENE
<br />GENERAL OBLIGATION 1980 PARKLAND ACQUISITION
<br />$5,000
<br />City of Eugene , in the County of Lane , State of Oregan,
<br />acknowledges itself indebted and for value received hereby promises
<br />to pay to bearer on the first day of duly, 19 , the sum of
<br />FIVE THOUSAND DOLLARS
<br />with interest thereon from the date hereof at the rate of
<br />percent ~ ~} per annum, on the first day of January and
<br />the first day of duly in each year until maturity, upon surrender
<br />of the annexed interest coupons as they severally mature. The
<br />principal of and the interest upon this bond are payable in
<br />lawful money of the United States of America, at the First National
<br />Bank of Oregon, Eugene Main Branch, Eugene , Oregon, or at the
<br />principal office of the fiscal agency of the State of Oregon
<br />in New York, New York.
<br />The bonds of the issue of which this bond forms a
<br />part, maturing after July 1, 1990, may be redeemed by the City,
<br />at par value and accrued interest to the date of redemption,
<br />plus a premium equal to one_fourth ~l/4} of one percent tl~}
<br />of the principal amount for each year or portion thereof from
<br />date of redemption to maturity date , with a maximum premium
<br />not to exceed two percent ~ ~~ } , on July 1, 1990 , and on any
<br />interest payment day thereafter, in inverse order of maturity
<br />and by lot within each maturity, upon notice given at least
<br />thirty X30} days prior to the redemption date specified therein,
<br />by publication thereof in one issue of a newspaper specializing
<br />in financial matters published in the City of Portland, Oregon,
<br />and in a newspaper published and generally circulated in the
<br />City of Eugene, and by mailing notice to Maady's Investors Service,
<br />Inc., and Standard & Poor's Corporation, New York, New York.
<br />From the date of redemption designated in any such notices,
<br />interest upon the bonds so called for payment shall cease.
<br />This bond 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 Dollars x$4,000,000} par
<br />value, issued to provide funds, in part, with which to expand
<br />the City's park and recreational facilities, pursuant to the
<br />constitution and laws of the State of Oregon, the City Charter
<br />of the City of Eugene , oregon, oregon Revised Statutes, Chapters
<br />287 and Z88, and pursuant to an approving vote of a majority
<br />Page 3 -~ ordinance
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