1921-04-11-1925-08-24.tif - Laserfiche WebLink

Home Browse Search

Al{ ACT AN AcT-to amend [lie CHarter of the City of F~geno, Or, egon, by ed,.ting a new chapter thereto, authorl~,lng and empowering the Common Council of ...... E~ene to issue and sell the nEgotiablE bonds of the oltF of Eugene to the a~Ou~t of ~20, 000. 00, or ac mue~-[he~eo~a~th~Co~on Corset1 .m~y deem neoooSar~ for the purpose of paving street Intersections of said City; Tt~ CITY OP ~G~E DO~ ORDAIN ~¢ POL~WS: BE IT ~AGT~3 BY THE L~ VOTERS O~ T~. CITY pP ~TION t~ That th~.Common Co~etl of ~h~. Ulty of ~gene to,h,e.r~b~ authoriz~ and empowered ,~o ls~uo.~d sell t)e. negotiable boltd~ of Cl~y of regent, ap t~e mount of ~O,OOO.O0 or so much thereof ~ the 'ms.y,'d~e~ necessary f~r.}he purpose: of paVltng street ictersectioa~ of said Clty, g~TION 2~ The bo~ds he~e~7 ~ughor~ed eh~ll be de~omlaa~ed Intersection._. Bonds~, . Th~s~ld._ bonds sholl be a general obltgatlou of the of ~ene md shall ~a,!n.suoh fom~ md of s~oh dcnomitla~ons ~ will !n t~e ]udgme~t .o f the C~on Council most likely ~n~moo their ssi'ability. -The bonds ~111 become due flftee~.~ears.from date thereof, ~d ohall. tn~rept at a r~te not ~o exceed 'all'per Cent. (6%) per enn~,p~yebl~ S~TION 3. The comon Council of the Cl%y of B~gene Is to pay the interest on s~ld'bonds ~d to provld~ ~ s~hklng' fund ~or the merit of the a~e ~hen due, . . 8~TION 4. The Comon Council of th~ OtbY of ~gene is hereby ~thortz~ to issue and sell such bomds from time to tlm~ ~ the s~e may be needed for the purposes he~eln specifiC, but before ~ of-~ueh bo~da shall be so~d, tga '~ame ~hel~ be '~l~e~tla~ for able bY pubtlca~lo~ of ~ ~ottce a~klng~fo~ bt~s. thereon, to be published Ina drolly paper Publ!~he¢ i~.B~g~e, L~e Orego~ In at le~t o~e issue of such daily paper for a period of tt~ weeks prior to~ th~ time of sale; and lf--n~ satisfactory btd~- ~e received for the purch~e of said bonds, the .common 'C~uno il may, without r~vertistng, the s~e at p~ivate s~a at act less th~ Par ~d ~crued UPOn'm~tlon, the ,eso[utlonw~ ~p~ed. · · ~.. ,Jo~ Oardne~ J,~lto~ of th, City Hal~ lh ~gene, ore.~"b~lng sick unable t.o work from ~d afte~ ~'eb,Vt~,lg~ ~td I.J.~te~ having been employed tn his pl.~e-e~dU~ng: his stokneas, the Council ,J~p?n_motton directed that~ Jo~ 'Gardne~ recelve One half ~e p~ fo~ ~xo~edlnG ~t~o:moath~ from Pebruar7 '7t~ · I eom~aioatton w~ received from ~ N C~e, Paoto~ of the Central Presbyte~i~ Church, k~ge~o,Oregon, ~d from the Ste~fa~[ Ot~a md from