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(Official Ballot) 502, 50~. O H A,R T F. R A.~I END MEN T o ProPosed bY Resolution of the Common Counoll of the City of .Eugene, Ore- gon,. and' referred .to the Electors. Sh~).l the ~harter of the. Cit'~ of Eugene, Oregon, be amended 6y add lng a new chapter thereto, authorla lng and empo ~r~ng the Common Council of the city of. Eugene, .to l~su~zand sell negotiable bonds of the City of Eugene, in the sum of One Hundred Seventy five Thousand Dollars, or so much thereof ~s shall be necessary for the purpose of refunding the outstanding General Fund Warrants and Improvement Bond Interest Fudn Warrants cf the City, and to expend the proceeds: in retiring the outstanding Generalfund Warrants and Improvement Bond Interest Fund Warrants. of the City of Eugen.e. Vote Yes Or No 502 Yes. I hereby submit the foregoing' as a ballot and Ballot Title for the within Charter Amendment. S.N .Calklns, City Attorney.. C H A R T E R AM END M E.N.T , An Act to amend She Charter of the City of Eugene, Oregon by adding a new c?.~pter-ther~ to, authorizing and empowering the Common Council of the City of Eugene, to issue and sell negotiable .bonds of. the City of Eugene, in the sum of One Hundred Seventy five Thousand Dollars, or so much thereof as shall be necessary for the purpose of refunding the outstanding General Fund Warrants and improvement 'Bond Interest 'Fund Warrants of the City, and to expend the pro- coeds in retiring tlie outstanding General Fund Warrants and 'Improvement Bond Interest Fund Warrant of the City of Eugene. ' THE CITY OP EUGENE DOE~ ORDAIN AS POLh0W$ BE IT ~ACTED BY THE ELECT0~S OF THE CITY OF EUGENE OREGON. Section 1, That the Common Go., noll of the city of Eugene, Oregon, is hereby authorized and empowered to Issue and sell the negotiable bonds of the City of Eugene, to the amount of One Hundred Seventy five thousand Dollars or so much thereof as the Common Council shall deem necessary for thepurpose of paylng the outstanding General Fund Warrants and Improvement Bond Interest Dund Warrants of the City, and to expend the proceeds in retiring the outstanding General Fund Warrants and lmprovemen~ Bond Interest Fund Warrants of the City of Eagene. Section 2. The bonds hereby authorized shall be denominated "Warrants funding' Bonds", and shall be a general obligation of the City of Eugene, end shall be in such form and of such denominations as will be in the Judgment of the Con, non Council bemost likely to enh .a~..ce their salability. The bonds shall become due serially, in three general series, to-wit: Fifty Thousand Dollars in ten years, ~lFt¥ Thousand Dollars In Fifteen Years and Seventy five Thousand Dell~rs in ~enty years from the date of their issue ~d ~hall bear interest at a rate net to exceed five per cent~ per ~n~ payable s~i-~nually. - Section 3. The Common Council of the cats 6f-E~g~ne, fs h;r~by authorized to include in its general municipal tax levy a sufficient special levy to pay the interest on said bonds, and to provide a sinking fund with which to pay the some as they shall fall due. · Section-4; Th~ Cornea CouBcll-of the Cl~y of Eugene, is her~by ~uthorized to issue a~d sell such bonds from time to time as the same ma~ be needed for the pur~ ese herein specified, end before any of such bonds shall be sold, they shall be ~verti~ed for sale by.publication of a notice calli~ for bids thereon, t~ /