HomeMy WebLinkAbout08/05/1935 Meeting
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Cl.; "..', r, ." Council Chambers,-..Eugene, Oregon I
C;.. August 5-, 1935.
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Minutes of the adjourned meeting of the Common Council held at the hour of
7:3Qo'eloc~ P. M., AugUEt 5, 1935. Council was called to order by Mayor Large,
wi th')all. Councilmen present except Reid and. Simon.
Sealed bids for the sale of $190,500.00 Refunding Improvement Bonds F, from
Ferrts & Hardgrove, were opened and read, and the Finance Committee retired to
consider said bid. They returned later with the recommendation that the bid of
I Ferris & Hardgrove be accepted. Motion was made and seconded to accept the
Finance Committee's recommendation, and the ayes and nays were called. Councilmen
I
I voting aye 6, nay none, absent,Reid and Simon. The bid referred to being set out
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! in full as ,follows; .:~
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I If August 5, '1935 '.'
II .,
Mr. C. M. Bryan :
" City Recorder j
Ii Eugene, Oregon
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I Dear"Sir:
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" For the $190,500:00 City of Eugene Refunding Improvement Bonds, Series,tlPIt,
dated August 15th, 1935, and maturing as follows: $19,000.00 August 15, 1937,
$19,000.00 August 15th of each succeeding year. to and including August 15,1945,
and $19,500.00 August 15, 1946, bearing interest at 3-3/4 % per annum, payable
semi-annually on the fi:fteenth day of August and February of each year, both
principal and interest payable at the office of the City Treasurer at Eugene,
Oregon, and without right of pr-lor redemption.
WE WILL PAY $100.37 for each $100.00 par value of bonds plus accrued interest
r from date of bonds to date of delivery to us.
The approving opinion of , Messrs. Teal, Winfree, McCulloch, Shuler & Kelly I
of Portland, Ore~on, as to the legality of these bonds Is to be furnished us
upon delivery of the bonds.
I As evidencec:of, good faith we attach hereto certified check for $3,810 upon
I the understanding .that if the bonds are awarded and delivered to us in accordance
I with this bid this check may be applied as part payment, otherwise same is to be
I promptly returned to us.
I
II Respectfully submitted
\1 Perris & Hardgrove
I
I Hemphill Fenton & Campbell, Inc.
I Conrad Bruce & Company
Atkinson Jones' & Company
Camp & Company
Blyth & Company, Inc.
E. M. Adams & Company
By: Ferris & Hardgrove .
Everett Harp};lam
The above bid is hereby accepted on behalf of the Common Council of the City
of Eugene, Oregon this 5th day of August, 1935, and receipt of certified check for
II $8,810 is hereby acknowledged.
Elisha Lar~e
Mayor
ATTEST:
Arthur Hendershott
RED:JH It
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I An Ordinance accepting the bid of Ferris & Hardgrove for the purchase of
I Refunding Improvement Bonds UP", of the City of Eugene, in the sum of $190,500.00
and ~ixing the rate of interest on said bonds, was read the first time and passed
its second and third readings by title under suspension of the rule, by the
I unanimous consent of the Council, and was placed upon its final passage. The ayes
and nays were called, Councilmen voting aye 6, nay 0, absent, Reid and Simon. The
Ordinance was declared passed and numbered 8432.
On motion the Council adjourned. '.
~ \1 C. M. Bryan,
City Recorder.