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50~ Yes' 503 No . . . ~ CHARTER AM~NI].~NT '. · ~' ' AN ACT.' -. AN ACt to amend tHe charter of the city of Eugene, 0regonby' adding a.new charter thereto, authorizing and empowering the Common Council of the c~ty of Eugene, Oregon to issue and sell the negotiable bonds of the city of Eugene to tHe amount of ~lif~een thousand $15000.00 dollars or such part thereof as may be necessary for tHelpurpose of buying, procuring and equipping new fire fighting apparatus for'tHe:~city of Eugeom, Oregon THE CITY 0~ EIJG~NE DOES ORDAIN AS FOLLOi$S- ' Be it ~a~ed by the legal voters of t~e city of Eugene: SECT~,0.N 1 ~iTHat tHe-Connnon Council cf bEe-city of Eugene is Hereby autHori zed and empowered to issue and sell the negot%abte bonds of tHe city of Eugene to the amount of $15000.00 or so much thereof as may be necessary for buying, procuring and equipping new fire fighting apparatus for tHe City of ~gene. bonds Hereby authorized shall be denominated "FIRE BONDS"A" THey shall-6~ general ( obligations of the city of ~gene, and sHall be In such fern ~d of such denomination as will in the Judgment Gf the Council 'enH~{6e their salability THe bonds shall be due 15 fifteen yeass from ~e date of issue tHereof, ~d'sHall bear interest not to exce~ five 5ad cae Half per cent (5~%) per anm~m, s em l- annu al ly, S~TION 11 THe Common Council Is HerebM'~Horiz~ to lnclud~ in its general annual tax levy a sufficient special levy to pay the interest on said bonds, and to provide a sinking fund for the pa~ent ef the same when due SECTIONI%i Before disposing of ~y of the bodds provided f~r i~ this act the Common Council 'sHall r~uir~ the .Recorder t~J~vertise for ten (i0) md~s la at lea~t two (2) newsy'spots publlsH~ ia the city of ~gene for seal~ pro posals to~ purchase said bonds, or any part thereof, wHicH said ~vertisement shall state the amount of bonds to be so!S, the time ~e s~e w~ll be~o:ae due, the date at wHicH proposals will be open~ ~d consider~, ~d that tHe bonds are tssu~ ~d disposed ~f under tHe provisions of this a6t; ~d that the pub lleatio~ of such notice in cae issue ~f each sucH newspDper tea (10) days prior to the date of receiving ~d opening such bids shall be a sufficient pub[ieatio~ of such notice. ~d if no bids are received fo2 the whole amount tHer~f, offer~ for sale, at or above par, the eo~aoil may negotiate ~d sell 'tHe said bonds, o~ any part teeter, at not less tjH~par, without re-advertising. S~TION 1V THe proceals from the sale of such bonds sH~ll be used by the Common Council in the buying, procuring ~d eq-~alpping new fire fighting ,apparatus and mael{inery for the City of D~gene, and' fo.r, no otHer purpose; and nose of said bo~ds shall be sold for less than per ~d aecru~ interest. Upon motion the resolUtlonwas ~opt~ Councilmen Parks stated tHat there was a need for better safety devices at tHe r~llroad crossings within the City of ~geae and ask~ that some action be t~en. THe matter was referr~'to the street Committee and City N~orney,