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

Home Browse Search

Section 3. The Common Council of the City of Eugene is hereby authorized to include in its general municipal tax levy each year sufficient special levy to the Interest on th~ bonds and provide a sinking fund for the payment o£ them, when - Section 4. -The' Common Council of 'the city 1~ hereby authorized to issue and soil the said bonds, fnom time to time, as, they may be needed for the purpose here- in specified, but ~efore~y of them shall be sold, they shall be advertised for sale' by publication of a notice asking for bids therefor to be published in the~ two daily papers now published in ~gene, Oregon, In at least one issue of such d~ily papers, two Weeks prior to the tl~e Of 5he saie; ~nd ~hey'm~y a~o give notice of the sale of said bond~ In such other papers. ~ they dg_~ to be best for ~he interest of tho city in efFeoting a sale; but, if no satisfactory bids for the pur.~hase cf the.betide be recelv,ed, they re.ay sel~ them at private sale at not less tham~ar and accru~] interco't: Sectlgn. S, , Th.at .t.he.mo.n~y.d?r.lv~d. fFom t. h9 .saSe.of s.a.id.bgnd, s' sh. all con- stitute a special fund denominated "The City Hall Reconstruction Fund~ and shall be use~ for no other purpose than herein provided. Section 6. That section 37, of chapter 7, of the charter of the City of E,~mE, 6r~g(~n~ il~lting t~e'lr~d~b~,ecJn~s~ ~f'the city to ~hree Thousand (3,000) Dollars is hereby repealed. The foltowing resolution was read and on motion unanimously adopted: RESOLUTION. BE IT RESOtVED by the Common Council of tho City of EUgene, Oregon that there be submitted to the ~eoto~s of the city for their approval or rejection at a speola~ election tO be held In the city on the 2nd day of July 1924, th~ ~nex~ proposed oha~'te~ ~en~aent entltl~ "~N ACT to ~e'nd the cha~er of ~he CI[y of ~gene, Oregon, by adding a new oh~ter thereto ~uthorlzlng ~d empowering the Common Council of the Oity to issue and sell negotiable bonds of the City to the amount of Ten Thousand (10,000) Dollars or so much thereof as ~nay be necessary for the purpose of constructing a new concrete City Jail, and to repeal Section 37, of Chapter 7, of the Charter of the City limiting the indebtedness to be created or contracted by the 91ty to Three Thous~ud (3,000) Dollars." The foregoing resolution ~d proposed ~endment were filed In the office of the City Recorder o~ the City on the 2nd d~ of May, 1924: The followl~g~ ~e the forms ~d n~bers In whloh the question wll~ be submit- ted-to the~,eleetors of the city on theoffiolal ballet: Propos~ by Resolution of She Common Council of the City of ~gene, oregon,