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TIlE CI fY ON EUGkNE DO E~ ORDAIN AS 20LIDWS: BE IT ~NACTED oY THE FLE~TORS O~ THE CIYY OF R~SG&WE OREGON. _ 8eotlon 1. .T~at the Common Council of the City of Eugene is her~y authorized and empo ~ered to ,i~sue and sell negotiable bonds of the city to the amount of ten Thousand (10,000) Qollars or so much thereof a~ may be necessary for the purpose of constructing a r~ew concrete CityJail; Section 2. The bonds hereby, authorized shall be denominted "City Jail Construc- .tlon Bonds." They 'shall be a general obligation of the City of ~gene, and shbll be in such form and of such denominations as will, in the Judgment of the Common Council, be most likely to conduce to their salability,. They shall be made due and payable In 20y~ars from the date of their issuance, and bear interest at the rate of not ~J~ exceed 5 per cent per annum payable semi-annually. Section 3. The Common Council of the City of Eugene is hereby m~thorized to include in its gen~ral muni;lpal tax levy each year m~fflolent special levy to pay the interest 05 the bonds and provide a sinking fund for the pa~ent when~ due. Seeblon. 4. The Co~on Council of the city is hereby authoPiz~ to issue ~d sell the said bonds, from time to time, as they m~ ~e ~eeded fOP the put,se hereim specified, but before ~y of them shall be sold, ~hey shall be ~vertlsed fo~ ~ale, by publication of a notlee ~king for bl,~s therefor t~' be published in ~e two daily pa~rs now published la ~gene, Oregon~ In'at' least one l~sua of 'such daily paper~, ~wo Week~ prior to the t~e of the sal.e; and [hey may also.give n~lce of the sale of said ~mds lm such other pa~rs as they de~ [o be bes~ for the lmteres$ of the city in effeoting ~ sale; but,-if no satisfae~ory bids for the purchase of the bonds be re~eived, tI~ey may ~ell them at private sale at not less than a~par and accrued interest. 8eotlon 5. That the money derived from the sale of said bonds shall constl'tu~e a special fund denominated "The City Jml~ Co~§truotlon ~und.% ~d shall be used ~or no other purpose than herein provided. Section 6. That ~eotion 37 of chapter 7, of ~he charter of 5he City of Eugene, Oregon, llmltlng the indebtedness of the city ~o Three Thousand (3,000) Dollars hereby repealed. The following resolution was read and on motion unanimously adopted: RESOLUTION. BE IT RESOLVED by the Common Council of the City of Eugene, Oregon, that there be submitted to the electors of the city for their approval or rejection, at a speolal election $o be held In the city on the 2nd, day of July, 1924, the annexed.