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

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Sec%ion 1. That the Common Council of tho City of D]gene, Oregon is hereby authorized and empowered to issue 'and sell negottable bon~s of the city to the amount of Mire Thousand Dollars, or so much thereof as may be necessary, for the purpose of constructing, in ooU,]unotio~ with Lmle County, Oregon, a public comfort station to be located 'in the p~k south of Eighth Avenue and West of Oak Street. S~etlon 2. That the beds hereb, y authorized sh~ll be'denominated "Public Comfort Station Bonds." They shall be a general obligation of the City of Eugene, and shall be in such form and of such denominations as will in the ,Judgment of the Common Council be most llkely ~e conduce to their salability. They shall be made,' due and payable in' twenty years from the date of their issuance, and bear interest at a rate not to exceed 5% per annum, payable semi-annually. Section 3. That. the Co~mon Council of the~ City of H~gene is hereby author- ized to include in its general mun.iciapl tax levy each year sufficient ~peolal levy-to pay th~'~!nterest-on the bonds and'provide a sinking fund-for~ the-p~me~t- - of them when due, ~ ' ~eetlon 4. That the Cm~oa Council of the city ls hereby authorized.to issue and sell-the said bonds, from thae. to _tine, as._theM _may_be needed_for_thepu~pose _ herein specifi~t, but before andy of them sahll be sold, ~they. shall be advertised for sale, by .~nblica-tion of a ~otice asking for bids therefor to, be published in the two daily papers now published In Eugene, Oregon, in at .l'~ast cneissue of such daily papers, two weeks prior to the time of the sale; and they may also ~ive notice of 'the sale of bonds in such other papers as they deem.~to be best for the interest of the city in effectlng a sale; but, if no satlsYactory bids for the purchase of the bonds be received they may sell them at private sale at not les~- than at par and accrue! intercept. On motion the follo~vlng resolution ~s' adopt~; R~O LUTIO N. Be it Resolved bM the Cqmmon C0~noll of the City of ~gene, Oregon, that there be submitted te the el~ otors of the city fo~ thel~ approval or ~eJeetlon, at the next general election 'to be held in the ~lty, on the 4th day of November, 1924, the annexed proposed charter amendment, entitled, "An act to amend the charter of the City of Eugene, Oregon, by adding a new chapter thereto autheriz and empowering the Con, non Council of the city to issue and sell negotiable bonds of the city to the~of Twelve Thousand Dollars, or so much thereof as may be necessary, for the purpose of bul~lng a new bridge on Ninth Avenue East across t e Nil1 Race,"