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r~` 36 <br />State of Oregon, <br />sum of <br />in lawful money <br />then due on its <br />Bond, dated July <br />New York, New Yark, will pay to bearer the <br />Dollars ~ $ <br />of the United States of America, for interest <br />General Obligation 1980 Parkland Acquisition <br />1, 1980, and bearing No. <br />Finance officer <br />Mayor <br />For coupons maturing after July 1, 1990, ADD; <br />"unless the bond hereinafter designated shall previously <br />have been called for payment and due provisions made <br />for the payment thereof ," <br />S ectian 6. Sale. The Finance Officer shall cause <br />to be published a notice of sale, in the manner provided by <br />ORS 287.014 to 287.026, in at least two ~2~ issues of the Eugene <br />Register Guard, a newspaper of general circulation, printed <br />and published within the City of Eugene, Lane County, Oregon, <br />once in the Daily Journal of Commerce, a newspaper of general <br />circulation, printed and published within the City of Portland, <br />Multnomah County, Oregon, and once in The Bond Buyer, New York, <br />New Yark, which notice shall call far sealed, written bids far <br />the purchase of said bands to be presented and filed with the <br />Finance Officer at his office in the City Hall of the City on <br />or prior to the hour of 11:00 a.m., Pacific Time, on the 25th <br />day of June, 1980, at which time and place said bids shall be <br />publicly opened for consideration and further that the Council <br />of the City of Eugene will meet at the hour of 12:00 Noon, Pacific <br />Time, on the 25th day of June, 1980, in the Council Chamber <br />in the City Hall of the City to consider the bids so opened <br />and to accept or reject any bid so made . The notice of sale <br />shall further state that the bonds will be sold to the bidder <br />offering the lowest true interest cost to the City for not less <br />than ninety-eight percent ~98~~ of par with accrued interest, <br />and that each bid shall be accompanied by a certified or cashier's <br />check on a solvent commercial bank in the State of Oregon in <br />an amount equal to two percent ~2~y of the par value of the <br />bonds offered for sale as evidence of good faith on the part <br />of the bidder. <br />Section 7. Emer enc This ordinance being necessary <br />for the immediate preservation of the public peace, health and <br />safety of the City of Eugene, in order to obtain sufficient <br />funds to pay for public improvements, an emergency is hereby <br />~, <br />Page 5 - Ordinance <br />