HomeMy WebLinkAbout04/12/1935 Meeting
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Council Chambers, Eugene, Oregon
April 12, 1935.
, Minutes of the adjourned meeting of the Common Council held at the hour of
7:30 o'clock P. M., April 12th, 1935. Council was called to order by Mayor
Large, lfor the purpose of opening and considering bids for the sale of llRefunding
Assessment Bonds A and B", with all Councilmen present exc~.pt Reid and Carlson.
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City Attorney Calkins addressed the Council concerning the necessity for
amellding Ordinance No. 8411 and No. 8412, and the Recorder was instructed to
present the amendments.'
An Ordinance amending Ordinance No. 8411, en ti tled "An Ordinance authorizing
and directing the issuance, sale and/or exchange of re'funding bonds, to be
designa ted, "Refunding Assessment Bonds A", for the purpose of redeeming, paying
and retiring certain bonds issued pursuant to applications to pay assessments
in installments, whie,h bonds are redeemable at the option of the City of Eugene,
and are designated Series A. F., 5t%, in the principal sum of $154,500, maturing
November 15, 1937; and directing that said bonds be called for redemption, and
declaring an emergency.", passed by the Cornmon Council on the 27th day of March,
1935, and approved by the lIayor olm the 30th d8JT of March, 1935, by strilcing from
said Ordinance all of Section 3 and all of Section 6, wld all reference to
callable bonds in the title and in the form of the bond appended, was read the
first time and passed its second and third readings by title under suspension of
the rule by the unmlimous consent of the Council, and was placed upon its final
passage. The ayes and nays were called, Councilmen voting aye 6, nay none, absent
Reid and Carlson. The Ordinance was declared passed and numbered 8414.
An Ordinance amending Ordinance No. 8412, entitled HAn Ordinance authorizing
and directing the issuance, sale and/or exchange of refunding boni s,- to be
designated llRefunding Assessment Bonds B", for the purpose of redeeming, paying
and retiring certain bonds issued pursuant to applications to pay assessments in
installments, which bonds are redeemable at the option of the City of Eugene, and
are designated Series A. H., 5t/6, in the principal sum of $133,000.00, maturing
November 20, 1938; and directing that said bonds be called for redemption, and
declaring an emergency.", passed by the Common Council on the 27th day of March,
1935, and approved by the Afuyor on the 30th day of March, 1935, by striking from
said Ordinance all of Section 3 and all of Section 6, 8...'Yld all reference to
callable bonds in the title and in the form of the bond appended, was read the
first time and passed its second and third readings by title under suspension of
the rule, by the unanimous consent of the Council and was placed upon its final
passage. The ayes and nays were called, Councilmen voting aye 6, nay none, absent
Reid and Carlson. The Ordinance was declared passed and numbered 8415.
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At this time Councilman Reid appeared in Council.
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Sealed bids for the sale of $154,600.00 Refunding Assessment A, and $133,000
Refunding Assessment Bonds B, from Baker, Fordyce, Harpham Co., E. M. Adams and
Company, and Camp & Co., Inc., were opened at this time, and upon motion, duly
seconded and carried, the Finance Committee was instructed to meet with Mr.
Houglum of the First National Baw{, and Mr. Edmunds of the Unit~d States National
Bank on April 13th and determine the advisability of accepting the Camp & Company's
bid. .
On motion the Council adjourned to meet at 10:00 o'clock A. M. on Saturday,
April 13th, 1935.
C. M. Bryan,
Ci ty Recorder.
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