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

Home Browse Search

of remode ling the city hall: Section 2. That the bonds hereby authorized shall be denominated "Remodeling City Hall Bonds." THey shall be a general obligation of the City of _~gene, and shall be in such form and of such denominations as will be in Judgment of the Common CounCil be most likely to conduce to their salability& They shall be made due and payable in 20 years from the dateof their I:3suance, and bear interest at a rate not to exceed 5 per cent per annum, payable ~emi-annually. Section 3. That the Conmon CounCil of the City of ~gene, is hereby authori- zed to lnolude in its generl munlciapl tax levy each year suf~fi, clent special levy to pay the Interest on the bonds ~nd provide a sinking fund-, for the payment of them when due. Section 4. That the Common Council of the city is hereby authorized to l~sue and .~ell th~ ~aid bonds, from time to ~bime, a~ they may be needed for the purpose herein specified, but before any of them shall be sold, they shall be advertised f,~_rs.~Ls~le,, b~y .pu.b~lqakio_n _o~ a n_et_le_e _as_ki. ng f_er_ b_ld_s _th..erefor_ t_o _be_ pj~b_ll_sh_ed_ in the two daily papers Now published iN Eugene, Oregon, in at least one issue of such daily papers, two weeks prior to the' time of the sale; an4 they may also give notice of the sale of said bonds in such other papers as they deem to be best for the interest of the city in effecttng a sale; b~t, If no satisfactory bids for the purchase of the bonds be received, they may sell them at private sale at not less than at par anduacerued interest. motion the following resolution was ~iopted: Resolution. Be it resolved by the Con, non CounCl[ of the City of Eugene, Oregon, that there be submitted to the electors of the city for their approval or rejection, at the next ~eneral eleetlon to be held in the city, on the 4th day of November, 19~-4, the annexed proposed ~harter amendment, entitled, "~n act to .amend the eh~.rter of the City of Eugene, Oregon, by adding a new chapter thereto authorizing and empower lng the Co:~non Council of the ~ity to issue and sell negotiable bonds of the city in the amount of Five' Thousand Dollars, or so much thereof as ,,nay be necessary for the purpose of construction, in conjunction with Lan~ County, Oregon, a public and comfort station to be located ~n the park south of Eighth Avenue/West of oak Street in the City. The foregoing resolution and proposed amendment were filed in the office of the Reeo der of the city on the 29th day of August, 1924. Th~ following are the forms s:nd n~nbers in which the question wi-11 be sub- ~itted to the electors of the city on the official ballot: