Laserfiche WebLink
Section 1. That the Come, on Council of the City of Eugene is hereby authori- <br />zed and empcw'ered to'purchase, construct, equip and install a municipal incinera- <br />tor plant in said City. <br /> <br />Section 2. That For the purpose of paying for such incinerator 'plant and all <br />the purposes set out in Section one hereof, the Common.('.'o'mcll of the City of EU- <br />gene is hereby authorized a~d empow%red to issue and sell negotiable bonds of the <br />City to the amount of Twenty-five Thousand ($25,000) Dol~ar~l, or scrunch thereof, <br />a~ may' be neces'sary for said purt>~se. · <br /> <br /> Sec$1on 3. The. bonds hereby authorized-shall be denominated "Incinerator <br /> Bonds". They sha].~ be.a general obl!gatlonof the City of Eugene, and shall ~e <br /> in such form and of such denominations as will, tn the )u~]gment of the Co,non~ <br /> Co~mell be,mo~t likely ~,~ conduce to their salability. They shal~ be m~e due <br /> ~ndpaYable 20 years from the date of their issuance, ~d be~r interest at ~ rate <br />~ot ~to exceed 5 per cedi ocr annu~ p~ab~e semi'~annually. <br /> <br /> Section 4. The Co~on ~ouneil of the City of Eugene Is hereby authorized to <br />inclUde In its general municipal t~ levy each year .~ufflelent special levy to <br />pay the interest on the bon~s and provl~te a sinking fund for the p~men~of them <br />when due. <br /> <br /> Seetlo~ 5. The Co~noB CounCil of the City ls he~eb~ autho~ized to issue a~d <br />sell the said bonds from time to time as the~ ma~ be needed for the purpose here- <br />ia speel~ied, but before ~y off them shall be sold, they shall be advertised for <br />~ale, bM publication of a notiee a~kln~ for bids therefo~ to be published In the <br />two dall~ papers now published In ~]gene, Oregon, in at lea~t one issue of such <br />dall~ papers, t~o weeks prlo~ to the t~e of the sale; and they m~ also give <br />floe of the sale of said bonds 1~ suohother papers as they deem to be best for <br />the interest of the~lty l~ effeetlng a'sale; but, If no satisfactory bids for <br />the pureh~e of ~he bonds be received, they m~ ~11 them at private sale at not <br />less th~ par ~d aeoru~ interest. · ' <br /> <br /> Section 6. The indebtedness authorized bY this azuendment to the Charter of <br />the City ,~f Eug~ne is in addition to allother indebtedness authorized and incurred <br />by the City of Eugene, and shallnot be-considered as affected by any. llmitationof <br />lndebte,iness in the Charter of the City or elsewhere. <br /> <br /> The~ roll was called on such resolution al! p, resent voting aye. The ~esolutlou <br />was declared £~assed. '--' ' <br /> <br />The following reso[utlon was offered. <br /> <br />-R'E'S '0 -L-U'T'I '0 -N: <br /> <br /> BE IT. ~?SOLVED by the Hayer and Common CounCil of the .City of D~gene, Oregon, <br />that t~ere be submitted to the electors of the City for thei~ approval or rejection <br />at a special election to be held tn the City of D~gene, 0r~on, on the 15th d~ <br />'of Ap~II, '1925, 't~e'a~exed-pre~o~d eharte~ charter ~endment entitled,- <br />to ~end the Charter .~ the City of ~gene, Oregon, by ~ding a new chapter there- <br />to authorizing ~d erapowe'ring the Go,on Council of the City to issue ~d sell <br />negotiable bonds of the City to the ~o~mt of Nine Thousm~d Dollars, or so much <br />thereof as may be neeess, ary for the purpose of paving one half of the street abut- <br />ting o~ the Eas~ ~d South lines of th~ Odd Fellows Cemetery, In ~gene, 0r~on, <br />belngone-half of University Street and one-half of Eighteenth Avenue where the <br />s~e abut on the .Odd Fellows Cemetery, In said City." <br /> <br /> The forsgoing resolution and proposed amendment was filed in the office of <br />the ~eeorder of the City on the ninrth-day.of February, 192~. <br /> <br /> The following a~e the forms and n~mbers in which the question will be sub- <br />mitted to.. the electors of the city on 'the official ballot: <br /> <br /> PrO~[~osed by l~esolution of the Common Jouncll of the City of EUgene, Oregon, <br />and :.referred to the Electors: <br /> <br /> Shall the Charter of the City of EUgene, Oregon, be amended authorizing and <br />empowering .the Common CounCil to issue and.sell n~gotlable bsndsof the qity in <br />the mnCunt of nine Thousand D~llars or so much thereof as may be necessary for the <br />purpose of paving one-half of University ~treet andone-.half of E1~l~teenth.-Avenue <br />where the seine abut on the 0d4 Pellows Cemetery in said City <br /> <br /> Vote Yes or Ne. <br /> <br />516 _Ye~s <br /> <br /> <br />