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Eugene may deem most likely to on,hence their value Md to lmsure .their salability and shall be designated as "Auditorium Bonds.'' Said bonds shall bear a rate of interest n?t greater than five and one. half per cent. per annum, payable semi- annually, and shall mature and become due and payable serially, one twentie%h each after f ve e r ~ ~ /~ ~,~ years/from da~e. o~~ ~s~a~e. Staid bonds sha~l be issued ~ddse~d at such times and In such ~ounts as t.he Co,moa Council m~ direct, but shall not be sold . .par for less than their/value, nor in ~ ~ount ~gregating i~ excess of "$500.000," · Section 3. The lndebt.ednes9 authorized by this ~endment of the Municipal Charter ef the City of ~g~e is In ~dltlon to all indebtedness heretofore authorized and lncurr~ by said City ef ~ge~e, and shall not be ~:onsldered as affected by any limitation of :indebtedness in said charter or elsewhere, and all parts of the charter of the City of .Eugene, and all ordinances and parts of Ordina- nces of said City in conflict with the provisions of this charter amendment are hereby modified or repealed as the case may require in order that this amendment may be in full force and effect. / Section 4. Before d. ispo~ng of any of the bonds provided for in this Act the Common CounolZ shall requ)~e the ..Recorder to advertise for t~enty (20) d~s in at beast two (2) newspapers publlsh~ In the City of ~geae for sealed proposals to purchaSe?~ald bonds or a~ part ther~f, which said ~lvertisement shall state the ~mount of bonds to be sold, ~the time the s~e will become due, and the date at which so~d, the time the s~e will become due, the date at which proposals will be opened and considered and that the bonds are issued ~d disposed of under the provisions of this Act, ~ that t~epubllcatlon of such notice In one issue of each such papers 20 d~s prior to the date of receiving ~d opening such blds shall be sufficient publication of such notioeJ ~ if no bids are received for the whole a~unt thereof So offered fo~ s~l~~ a~ or above par the Co.oil may negotiate and sell the said bOnd~ oF any part thereof a~ not less th~ par',, wlthout ~vertls- lng. i,/~O~i~m provided for in the preceedtH seotX?n the Coumoi~ sha{~ proceed tooperr a$~ proposals ~eeeived for the purchase of the bonds offe~e~ and to b~ d1~Po~g O.f'~ ~hai{ set{ the said bonds to the person~ ~so~ ~'fr~ or corpore~lon m~ng ~he best offer or offfers therefor pro- vided th{ gd'~l~O{~: shall hev.e ~thoritM to re.JoeS ~y ~d all bids and proposals. ~6fO~ ~, The funds ~lsing from the {al{ O~ disposal of all bonds p~vi'~ [o~ i'~ this ~t shall be kno~ ~ the "~idttoYi~ ~und~ ~d shall be kept sepa~a~'~ ~ apap$ fro~ $11 other ~u~d~ Of' the Oi$~.~:~ ~ed-~ a~d shall onl~ be .used to pay the cost ~d expenses t~at ~ be xncuFred ~y 6he City of ~gene, ln~