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Vote, Yes or No. <br /> <br />(f°llo~ bY exact copy of Charter Ameadment.) <br /> <br /> ~ CHAR T ER ,AM EN DM EN T. <br /> <br />· AN ACT to ~mE~d thb Charter of the City of ~ene, Ore,on bT' ~din~ a ~ew chapter <br /> thereto authorizing and empowering the Conch C,mmcll of the City to issue and <br /> soil negotiable b°hds of the City to the ~ount of ~enty~five Thous~d~(25,000) <br /> <br />Dollars, or so much thereof as ma~ be necessary for the purpose of purchasing new <br /> <br />fire apparatus for the city, and to repeal Section37, of Chapter 7, of the Charter <br />of the City limiting the indebtednes.~ to be created or contracted .by the city to <br />Three ~housand (~,000) Dollars.~ <br /> <br />THE CIIY 02 EU 3~E DOE~ OND,%IN .AS MOLLOWSL <br /> <br />BE IT ENACTED BY THE ELECTORS OF THE CITY 02 ~UGENE <br /> <br /> section 1. That the Common Council of the City of ~gene is hePeby authorized <br />and empo~'ered to l~s{~e amd sell negotiable bonds ,of the city to the amount of <br />'P~.ent¥-five Thousand (2.5,000) Dol~arsyer so muoh thereof as m~ be neeessarysfo~ <br />the put'pose of pul'chasing new fire apparatus for the city; <br /> <br /> Section 2. The bonds hereby authorized shall be denominated "Fire '~paratus <br />~onds.a Them shall be a general obligation of the City of ~Ageme,' ~d sh~l be in <br /> <br />such fo~ and of such demomiaattons as will, ~m the judgment of the Cor~o~ Council, <br />be most likely te conduce to their salability. They shall be m~e due ~d p~albe <br />in'2O years .from the date of their issuance, ~d bear interest at the r~h;~c~ mot <br />to exceed 5,per cent per ~m,~, P~ab~e semi~mually. <br /> <br /> SectiOn ~. The Cm~om Council of the City of ~g~e is'hereby authorized to <br />include im its general municipal t~ levy each year ~ufflole~t special levy to p~ <br />thor lm~erest om the bonds ~d provide a sinking fund for the p~ment of th~, <br />when du~. <br /> <br /> Section 4. The Co~on Co~cll of the city ls hereby ~thorlzed to issue and <br />sell the said bonds, from time to time, as they m~ be needed for the purpose here- <br />in' specified, but before ~y of th~ shalk be sold, they shall be ~vertlsed for <br />sale, by publication of a merles asking-for bids therefor to be published in the <br />two daily papers ~ow published lm ~gene, O~egon, i~ at ~east omc issue of such <br />dally papers, two weeks prior te the time of the s~le; amd ~hey may $~e give <br />notice of the sale of sal~ bonds ia.such ~er papprs ~ they de~ fe.:b~:~:b~'st'fgr-. <br /> <br /> <br />