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foreclosure from ~en to flfipen percent, and ~dlng e provision making the CI[y au[oma~loal~ ~he pur~haae~ oP all unsold proper~y." V0?E Y~ OR NO 504 Yes____.. ~05 }Io. .... I submit the foregoing as a ballot and Baliot'TitIe for' the wlthln Charter Amendment, CHART'ER ...... ~ .}{._ OltY Attorney. AM END MEN T . An Act to amend the Oi_~y Charter of the City of M~gene, Oregon, by amending Section 61 of Chapter IX of said Charter by changing the rate of interest on certificates of sale on foreclosure from ten, to fifteen per cent, and ~dding a provision making the Clt~f automatleallj~ the pure.set of all unsold property. THE CITY O~ EUGE~E DOES ORDAIN AS ~0LLOWS: BE IT ENACTFD BY TIlE ELECTORS 07 THE CITY 0~~ EUGENE, OREGON. Section 1. That section 61 of Chapter IX of the Charter .of the City of Eugene, Oregon, be and the same is hereby amended to read as follows: Section 61. The person exec,~ti~g such Warrant 's~all, in front of the City Hall on thd day fixed in the notice, sell the several tracts or parcels of real property embraced in said warrant in the manner an.,! form as ,~9on a sale of real property under execution, except as herein o~herwise specially provided, Each parcel shall' be sold to the person whooffers to p ay the t~xes, costs, interest and accruing costs and interest thereon, and take a certificate at the lawest rates of interest; provided 'however, the maxium rate s'hall not exceed fifteen per cent. The person execut'l~g ~the warrant shall continue the sale from day to day until the list of props'try in said warrant is exhausted, or until no further bids are received, and the Clt¥of Eugene, shall be and be de_~med to be the pur- chaser of ali unsold property, and the certificate 'ls's~md to.the city shall bear interest at the 'rate of fifteen per cent per annum. The provisions of this section shall ~pPly to all asses.~ments here tofore and hereafter levied or ass- essed. II,tx ~sid'ewaik,,lmp~v_e~,wn~:,or-~lnances were read the first .time and p~sed their second and bhlrd ,re~lngs by title by ~lmous cogent under suspension of the rule and were pl~ o~,~h~ f. lBa~,p~s~e, The ayes and nays were oall~ all present voting aye,. nay none. The 0r~~a.~'e~.~eol~red .p~sed ~d numbe~ ed from ~044 to 5~9, beth numbers inclusive. Seven sidewalk assessments ~rdlnances were read the first ~Me md laid OVeF, . ~ Ordinance levying assessments for paving 14th Ave. from Alde~ to Kineald StreetS, w~ re~ ~he first time ~d ~atd over. ~ Ordnance ~ylng. e~sessments for pavl~ 0llv~ Street.' ~rom lith ~ lSth Avenues, aa~ re~ the fi~t 'time ~ad l~ld over. 0n motion council ~jo~red. Geo. A. Gilmore, , - G lgy RecoRder.