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Home My WebLink About06/03/1929 Meeting 20~ 1 Council Chambers, Eugene, Oregon. June 3, 19;::9. Council met pursuant to adjournement Of May 27th. There were present the IVJ.ayor, and all members of the Council except Washburne, and Monroe. At this time bids were called for the sale and purchase 01' $400,000.00 Interim Power & Light Bonds of the City of Eugene, Oregon, and the fol+owing bi d be ing the only bid recei ved, was opened and read, as follows: at"'l ~,_. 0_, ~ . i For ~400,000 legally issued general obligation Interim Power and Ligh t bonds 01' the (Jity 01' Eugene, Oregon, to be dated as soon as legally possible, matu~ing five years from date but optional on 3!J.y interest date on and after two years from date, in denominations of ~500 and or $1000 each, bearing interest at the rate of 5tio per annum, both principal and semi-annual interest payable at the office 01' the City Treasurer, Eugene, Oregon, or at the Fiscal Agency of tbe ;;>tate 01' Oregon in New York City, we will pay you at the rate of $95.00 for each $100 in bonds and, in adClition thereto, accrued interest to date of delivery 01' said borAs to us. We attach hereto our certified check for ~8000.00 same to be held by you and applied as part P33ment on the, bonds if awarded to us; otherwise, to be returned upon demand. Tt is agreed and und.er stoOd. that bel'ore taking up and paying for said bonds, you are to l'urnish us with the final approving opinion Of Messrs. Teal, winfree, McCulloch & Shuler certifying as to the legality or the above ~escribed bonds; and if for any reason the same is not forthdoming, the attached check is to be returned to us immediately. 1 It is also agreed tha t the (J ity of' Eugene will not offer ror sale any addi ti onal Power an d Light Bonds unti 1 after ;:)ep tember ~, 19i:::9. Respectrully submitted, FREE]MN, ~MITH & CAMP GO ~'EHHI::> & HARDGROVE BLYTH & CO GEO. H. BURR, CONRAD & BROOM, INC. PIERCE FAIR & CO By, R. H. Martin. All members of the Eugene Water Board being present, the bid was refer red to sa id Wa te r Board f or the ir cons i dera ti on, before ac ti on by the Council. The Water Board retirped, and later reported bac]c to the Council, their approval or the bid, and recommendation that the Council award the same 01' the bonds in accordance wi th such bid. Councilman Large,. Chail~man of the Fin..qnce Committee, moved that the Council 1'in<<1s and determines that thejloint bid. or Freeman, Smith & Co; Ferris & Hardgrove; Blyth & Co; Geo. H. Burr, Conrad & Broom, Ine; and Pierce Fair & Co, by R. H. Martin, is the only bid. received for the purchase of said $400,000 Interim Power & Light Bonds,and that said bid is a fair and reasonable price to be paid for said bonds, Gl.nd that the Council award the sale 01' said bonds to said bidders, in accordance with their bid, and. that the 1~yor and Recorder be instructed to sign the acceptance of bid. The Motion was seconded, and the aye.s 3!J.d nays calle,d, all present voting aye, nay, none; absent and. not voting, Washburne and Monroe. Motion declared dul'y- a<1opted.. I The Paciric Telephone & Telegraph Co. presented a formal request to cutl.the paVing, and open an 18 inch trench for' the pUl"pose of placing under- ground telephone C ondu,i t on the North side 01' l.o,th Avenue East commenc ing at the East side 01' the alley between High and Mill Streets, and cutting the pavement to the East side 01' the alley between Agate and Columbia Streets; also to force pipes under, or cut the pavement for the placing or laterals, and said. company also submitted a plan showing the location of the proposed improvement, offering a bond in the sum or $i:::000.00 to guarantee to the City the satisfactory replacement 01: the paving. It appearing that the bond has been submitted to the executive ot't'ice ot' said. company 1'or execution, and that the company desires to proceed at once with the work, and that the bond will be per1'e<1ted and posted wi th the City within the next 10 days, a motion ..... ~06 was made, seconded, and carried that saidi company be, and is, hereby permitted to cut the pavement and proceed with their proposed construction at once, subject to the conditions as stated, and the furDishing 01' the bond When execu.ted. '.-'n ~ 0""11 C\l i. II II I On motion, Council adjournel1. I R. S. Bry son, Ci ty Reco rder. 1 :1 1 ~.