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(Offlcolal Ballet) NoS. ..... <br /> <br />C I'.I A R T,E R AM EN DM EN T. <br /> <br />Proposed'by Resolution of tile Common Council of the City of ~gen'e, Oregon, <br />refePred to t he Electors. <br /> <br /> Shall the Charter bi' the City of' E~gene, Oregon, be amended m~th°rizing and <br />empowering the Co~mmon CounCil to issue' and sellnegotiable bonds of the City. in the <br />smount of Nine Thousand Dollars, or so much thereof as may be necessary for the <br />purpose o~ pavln~-one half of Univers ity Street and one half of Eighteenth AvenUe <br />where the same abut on the Odd ?ellm~s Cemetery in said City. ~, , <br /> <br />Vote Yes or No. <br />5_!1l __ No <br /> <br />G H.A R T E R ' AM EN. DM EN T. <br /> <br /> An Act to amend the Charter of the City of D~gene, Gregon, by adding a <br />new chapter ther'eto authorizing and empowering the co,m~on Council of the City <br />to issue and sell' negotiable b,~nds of the City to the amountof Nine Thousand <br />(0~,000) Dollars, or somuoh thereof as may be necessary for the purpos~ of <br />paving one half. of the ~treet. abutting on the east and South lin~s of the <br />Odd Fellows Cemetery lnEugene, Oreg. on, beln$ e'ne~h.alf of Eighteenth Avenue <br />where ~he same abut on the Odd Fellows Cemterty in said City. <br /> <br />THE CITY .02 ~JG~NE DOES O~DAIN AS 20LLOWS: . <br /> <br />'BE IT E{ACT[D BY THE FLECTO~ O~ THE'CITY O~ EUGFNE, ORE]ON, <br /> <br /> Section 1. That the Common Council of the Jlty of EhGene is hereby m~thorl- <br />zed and empowered to issue and sell negotiable bonds of the City to fh~ s~ount <br />of Nine Thousand Dollars ($9,000) Dollars o.? so much thereof as may be neeessar~ <br />for the pgrpo.~e ',~f paving one half of the street abutting on the East and South <br />lines of the Odd Fellows Cemetery in ~geae, Oregon, being one half of University <br />Street ~d one h~l~ of Eighteenth Av~n~e where the s~ne abut on the Od4 Fellows <br />Cemtery in said Oity. <br /> <br /> SFctlOn 2. The' bonds hereby authorized shall be denominated "Cemetery Paving <br />Bonds." They. shall be a general obligation of the City of Eugene, and shall be <br />in such form and of such denominations as will, in the Judgment of the Common <br />Council be most likely to conduce to their salability. They shall be ma~e due and <br />payable 20 years from ,he date of their issuance, and bear interest at a rate not <br />to exceed 5 per cent per annum, payable semltannually. <br /> <br /> Section 3. The Common Coun ~ilof the Glty of Eugene is hereby authorized to <br />Include in its general municipal tax levy each year sufficient special .levy to <br />p~ the lnterest~on the bonds and provide a sinking f~d., for the payment of <br />them when due. , <br /> <br /> Section 4. The Common Council of ~he City i.s hereby authorized te issue and <br /> sell the said bonds from time to time as they may be needed for the put,se here- <br /> in spec.lfied, bu~ before shy of them ~hal[ be sold, they shall be advertised for <br /> Sale, by pUblicat'ion of a notice asked for bids therefor ~o be published in the <br /> two daily papers now published in D~gene, Oregon, In at least one 1,ssue OF such <br /> daily papers, tw~ '~eeks prior to the time of the sale; and they may also give <br /> notice of the sale of said bonds In such ohher papers as they deem to be best <br /> f~r t~e lnterest'%f the 'City in effeeting a sale; but, if no satisfactory <br /> bids for the purghase of the bonds be received, they may sell th~ at private <br /> sale a~ not less ~tha~ par and accrued interest. <br /> <br /> Section~ 5. The indebtedness authorized'by this ~endment to the Charter of <br /> the City of ~geff~ ls In ~lditlon to al'l other indebtedness authorized and in- <br />' cuffed'by the City of ~lgene, ~4 shall not be eonsld,er~ as aff.ect~ by ~ <br /> limitation of indebtedness 1~ the Charter of the City or elsewhere. <br /> <br /> <br />