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as may'-be necessar~ rOY the purpose of purchasing new fire apparmtus for th~ City,
<br /> and te ~Peai Section 37~, of Chapter 7, of the Charter of the City limiting the
<br />' indeb~edness to be' A. reated or contr~t~ b~'the City to Three Thousand ($3,000)
<br /> Dell~s,",enaeted by the e~eeters of s~ld City at an election held July 2, 1924.
<br />
<br /> THE CI'~ OP EU.; NE DO~ 08DA~ ~ MOL~WS:
<br />
<br /> BE IT ~A~JT~ BY THE ~TO~ O~ THE CX~ O~ '~'~N-E, 0~:
<br />
<br /> See%ion 1, ' Tha% She Co~en ~ouneil ef She City of ~gene ls hereby authorizes
<br /> a~d empower~ 50 issue and s'ell negot~bla bonds ef the city t~ the ~oun~ of
<br /> Twenty fl~e Thousand ($25,000) Dollars or s,~ much therWof as may be necessary, for
<br /> the. purpose of pur)hasing new fl~a apparatus for ~,he city.
<br />
<br /> Seebkon 2.~ The bonds hereby authorized shall be denominated "~lra Apparatus
<br /> BOnds." They shal~l be a. gener%l bbllg~$1on of the City of ~gene, and shall be
<br /> In such fo~ ~d ct such denominations as will, In She Jud~en% oC the Co~on
<br /> oil, be moa~ llkel~ ~o conduue to their salability. They shall be m~e due ~d
<br /> ~ble In 20 ysars from the date cT thelr Issuance, ~d bear lnteres% at the rate
<br /> of no~ %0 excaed 5 per c~nt ~er ann~, payable seml-~nually.
<br />
<br /> Seet'lon 3. The Common CoUn ~11 of the City ef E~gene is hereby authorized to
<br />i~olude i~' its gen~ral muniCiPal tax levy each year sufficient special levy to
<br />pay the in.~ereston~ th~ bonds and provide a 'sihking ~und fo~ the payment of them
<br />when' due. ~ '
<br />
<br /> Section 4. The Common Council of the city is hereby authorized to issue
<br />and sell the s~ld ~onds, from ~lme to time, as they may be needed for the purpose
<br />herein specified, bu~before mny of'them sh~ll be sold, they shs'll be'
<br />for sale, bM publlo~tlon of a'mOtloe asklng for bids ~herefor ~o 6epubllshed
<br />the two daily papers now published ia ~eme,. Oregon,. in at le~$ one issue
<br />such dkil~-papers, two weeks prior ~o She time of She sale; ~d.they m~y also
<br />give notice oF the~sale of said bonds In such other p~e~s as they deem to be
<br />best fo~ the inter,et of the ~ltY in e~feoting a $~le; but, If no.satlsfaotory
<br />blds fo~ the purchase of the bonds be reoelv~ they m~ sell them at p~lvate sale
<br />at not less than a~ par and aoouu~ Interest.
<br />
<br /> Seo~lon 5. Th$~ the money de~iv~ for~$he sale of said bonds shall constitute
<br />~ speolml fund denominated "THe Plre Apparatus ~nd" 6nd shall be used fQr no ~$her
<br />purpose th~ herel~ provided.
<br />
<br /> ~eetiom 6..That section 37, of Chapter 7, of the Chafer of ~he City of ~{geme,
<br />Oregon, llml~ing ~he indebtedness of th~ olty to Three Thousand ($3~00b) DoLlars
<br />is hereby repealed,
<br />
<br /> teo~tom 7- That the AO~ enetitled,-"~ Act to ~emd the Charter of ~e City
<br />of ,~gene, oregon, by.~dl~g~a new,o~apter thereto authouiz~g and em~oweri~g .the
<br />Co,om Co~nOil of ~he City ~o lssu~ and sell ne~otiable bonds of the City to the
<br />amoun~ of ~emtytflve Thous~d ($25,000) Dollrs, or so mu.~h thereof as m~ be
<br />necessary ~ou .the ~uu~se of. purohas~g ~ fire apparatus for the City, and to
<br />repeal Seo~lon )7,~of chapter 7, Of $~e Chart, er of the Clty ilmlt~g the lndebted
<br />ness to. be.oreat~'~.or contracted by ~he City ~o Three Thous~d ($3,000) Dollars
<br />enacted bM the el'ed~o~ of said Clty at ~ el eotlon held July 2, 1924 ls .hereby
<br />repealed. The roil be~1d~ called, all present voted ~e, n~ none. The resolution
<br />w~ declared carrie.
<br />
<br /> _~ Ordinate l~vying assessments for paving 10th Ave. from Olive to Monroe Sts.
<br />was re-re~ the f.l'~ time amd laid .over. The f~st re,lng of said ordinance h~
<br />November 24th, 1924 being declared out of order owing to a mis~e m~e tn making
<br />such assessment1. =~ .
<br />
<br /> ~ Ordinance. lovylng assessments for pavlng Olive Street between 17$h ~d 24th
<br />Avenues w~s re~ the flrs~ ~e and laid over.
<br />
<br /> ~. O~inanoe !evy~g ~sessments~ for paving Wlll~ette' S~. 1Ming between the
<br />p~e~e~t south.erly end of ~he pavement thereon to the polmtwhere said streetl!a~er-
<br />sects the southerly boundary of the olty w~ re~ the flrst tlme and laid
<br />
<br /> An Ordinance levying assessments for the construction of a sewer between 8th
<br />and 9th Aves. from end of sewer at Van Buren Street to Almaden Street. was read the
<br />first time and laid over. ~
<br />
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