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1925-09-09-1927-11-18.tif
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1925-09-09-1927-11-18.tif
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with each of the following streets: <br />Street: Olive Street: Oak Stree~ <br /> <br />ten wooden bridges over the Amazon Slough, one at the intersection ,)f the Slo~gh <br /> Jefferson Street: Lawrel%oe Street: ~harneLton <br /> Pearl Street: 17th. Avenuh: [9th..~venue; <br /> 15th. Avenue and 16th. Avenue; and one wo,)'_%en b~ldge ove~ the ~,~lllrace at .~lder <br /> Street, and to expend the money therefor In the construction of such brldge~, <br /> <br /> Sectlen 2: '~he Bon,i~ hereby a~tho~ized shall be denominated "~uazon <br />Millrace B~ldge B..~nd~" and shall be ia ~ueh form and of such ~leno~ninati,~ns as will, <br />in,the ~Judgment of th~ Common Council, be most likely t,.] convince to their salability. <br />They shall be made ,tue and payable In thirty y~ars from the date of their issuance, <br />and shall bear interest at a rate not to exee~l five per cent per annun], interest <br />pe. yable semi-annually. <br /> <br /> Section 4: ~aid bon.ds shall be a general obltgatl~3n ,3f the City of <br />~gene, and the Co,on Counell of the City of ~gene is hereby authorized to include <br />In its general m~niclpal t~ levy each year such sufficient special levy a~ shall <br />aggregate a.n amount sufficient to pay the interest on the bon~is and provide a <br />sinking ~und for the pa~ent ,)f the bonds when due. <br /> <br /> Section 5: The Common Coun.::il of the City Is hereby authorized to issue <br />and sell the .~aid b,)n~ts, from time to time as they may be needed f,3r the purposes <br />herein specified; but bef,~re any of them shall be sold they shall be adv~rtise,l for <br />sale, by publication of a notice asking for bids therefor, to be published In the <br />two daily papers now ~pub[lshed In ~gene, oregon, or their successors, in at <br />least one lss~e of s,~eh ~taily papers, two weeks prior to the ~lme of sale~ and <br />they may also give notice of such sale In such ,]ther paper~ as they deem to be best <br />for She interest of the city In effecting a sale; but if no satisfactory bids fo~ <br />the p~reha~8 of the bonds be received, they may sell them at private sale at n,~t <br />less than at par and aceured interest. <br /> <br /> Section 6: That the moneys derived from the sale of sal~.i bon,is shall <br />constitdte a special Fungi to be denomingted "~0N .~D MILL RACE B~ID,~E FUN0" <br />shall be used f,~R no other purpose than heMein provlted. <br /> <br /> Seeti')n 7: The indebtedness authorized by this amendmsnt to the charter <br />of the city of ~gene ls in ~ditlon to all other indebtedness authorized and <br />cuffed by the City ~)f ~)]gene, and shall not be considered as affected by any limit- <br />ation of in~iebtedness In the Charter of the Cit~; or elsewhere. <br /> <br />Stub to be torn off by the Stub to b~ torn off by the first <br />Chairman; C [erk. <br /> <br /> <br />
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