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<br />ON MOTION BY MR. TEBELL, SECONDED BY MR. FORGES, THE FOLLOWING
<br />RESOLUTION WAS UNANIMOUSLY ADOPTED:
<br />;WHEREAS, THE SCHOOL BOARD FOR THE CITY OF CHARLOTTESVILLE, ON
<br />THE 21 DAY OF DECEMBER, 1953, PRESENTED TO THIS COUNCIL, AN APPLICATION
<br />ADDRESSED TO THE STATE BOARD OF EDUCATION OF VIRGINIA F"OR THE PURPOSE OF
<br />SECURING STATE SCHOOL CONSTRUCTION FUNDS iN THE AMOUNT OF $408,774.26
<br />RESOLUTION RE:
<br />SCHOOL FUNDS FOR THE NEW SCHOOL BUILDING AT CHERRY AVENUE.
<br />FOR CHERRY AVENUE
<br />SCHOOL BUILDING RESOLVED, THAT THE APPLICATION Of THE CITY SCHOOL BOARD TO THE
<br />STATE BOARD OF EDUCATION OF VIRGINIA FOR $408,774.26 FROM THE SCHOOL
<br />CONSTRUCTION FUND 15 HEkEBY APPROVED.
<br />THE COUNCIL OF SAID CITY HAS, OR WILL PROVIDE SUFFICIENT FUNDS
<br />THROUGH CASH APPROPRIATIONS AND/OR LEVY, TO COMPLETE iHiS PROJECT.
<br />IF THE SCHOOL BOARD HAS SUFFICIENT FUNDS ON HAND TO COMPLETE THE
<br />PROJECT, PERMISSION IS HEREB`! GRANTED FOR THE USE OF SAID FUNDS, FOR
<br />'i HE PURPOSE DESIGNATED IN THE APPLICATION.
<br />THE LEGAL OPINION OF WOOD, KING AND DAWSON REGARDING (HE $1,175,000.00
<br />CITY OF CHARLOTTESVILLE SCHOOL AND WATER IMPROVLMENT BONDS WAS PRESENTED AND
<br />ORDERED SPREAD IN THE MINUTES OF THIS MEETING:
<br />14OVEMBER 18, 1953
<br />.JOHN S. BATTLE, JR., Esq.,
<br />CITY ATTORNEY,
<br />COURT SQUARE BUILDING,
<br />CHARLOTTESVILLE, VIRGINIA
<br />DEAR SIR: -
<br />$950,000 SCHOOL IMPROVEMENT BONDS - SERIES OF 1953, NUMBERED FROM
<br />1 TO 950, INCLUSIVE, AND PAYABLE SERIALLY IN NUMERICAL ORDER $50,000
<br />BONDS ON NOVEMBER 1 IN EACH OF THE YEARS 1954 TO 19680 INCLUSIVE, AND
<br />$40,000 BONDS ON NOVEMBER 1 IN EACH OF THE YEARS 1969 TO 1973, INCLUSIVE,
<br />WITHOUT OPTION OF PRIOR REDEMPTION; SAID BONDS RECITING THAT THEY ARE
<br />ISSUED FOR 'I"HE PURPOSE vF CONSTRUCTION OF AND ADDITIONS TO SCHOOL BUILDINGS
<br />IN THE SAID CITY, UNDER AND BY VIRTUEOF, AND IN FULL CONio RNITY WITH AND
<br />PURSUANT 10 AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED .JUNE 15, 1953,
<br />AND SPREAD IN ORDINANCE ROOK 3, PAGES 181-183 AND AFPROVED by THE VOTERS OF THE
<br />CITY AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON AUCGUST 18, 1953, IN
<br />ACCORDNACE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LA -45 OF
<br />IHE SLATE OF VIRGINIA;
<br />ALL OF SAID BONDS BEING DATED NOVEMBER 1, 1953, OF THE DENOMINATION OF
<br />$1,000.00 EACH, BONDS MATORING IN THE YEARS 1954 TO 1961, INCLUSIVE,
<br />BEARING INTEttEST At THE RATE OF ONE AND THREE-QUARTERS PER CENTUM PER
<br />ANNUM AND BUNDS MATURING IN THE YEARS 1962 TO 1973, INCLUSIVE, BEARING
<br />INTEREST AT THE RATE OF TWO PER CENTUM PER ANNUM, PAYABLE aLMI-ANNUALLY
<br />MAY 1 AND NOVLt•IBER 1. WE HAVE EXAMINED THE CONSTITUTION AND STATUTES OF
<br />THE STATE OF VIRGINIA, INCLUDING THE CHARTER OF THE CITY OF CHARLOTTESVILLE,
<br />AND CERTIFIED COPIES OF PROCEEDINGS OF 'IHE COUNCIL OF SAID CITY, AUTHORIZING
<br />THE ISSUANCE OF SAID BONDS, ALSO EXECUTED 'WATER ISIPROVEMENT BOND - SERIES OF
<br />1949, NO, 651, AND EXECUTED SCHOOL !MPROVEMENT BOND - SERIES OF 1953, NO. 1.
<br />IN OUR OPINION SAtO $1,175,000 BONDS HAVE BEEN AUTHORIZED AND ISSUED
<br />IN ACCORDANCE WITH THE CONSTITUTION AND STATUTES OF THE STATE OF VIRGINIA,
<br />INCLUDING THE CHARI'L8 OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, AND
<br />CONSTVTUTE VALID AND LEGALLY diNDiNCG OBLIGATIONS OF THE CITY OF
<br />^" --- --- -�••• ViDG buI. aWn c.1n ATV OAC, onUrD ANn 14 .',A: iaATEn TA
<br />CITY OF CHARLOTTESVILLE, 'VIRGINIA, 'MATER IMPROVEMENT
<br />BONDS - SERIES OF 1949, $225,000; SCHOOL IMPROVEMENT
<br />BUNDS - SERIES OF 1953, $950,000.
<br />AT THE REQUEST OF THECOUNCIL OF THE CITY OF CHARLOTTESVILLE,
<br />VIRGINIA, WE HAVE EXAMINED INTO THE VALIDITY OF THE FOLLOWING BONDS
<br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, AGGREGATING $1,175,000, VIZ:
<br />$225,000 WATER IMPROVEMENT BONDS - SERIES OF 1949 (PART OF A
<br />LEGAL OPINION - WOOD,
<br />TOTAL AUTHORIZED ISSUE OF $ 875,000), NUMBERED FROM 651 TO 875,
<br />ICING 6 DAWSON RE:
<br />INCLUSIVE, AND PAYABLE SERIALLY IN NUMERICAL ORDER $10,000 BONDS ON
<br />WATER IMPROVEMENT
<br />NOVEMBER 1 IN EACH OF THE YEARS 1954 TO 1968, INCLUSIVE, AND $15,000
<br />BONDS - SERIES 1949
<br />BONDS ON 14OVEMSLR 1 IN EACH OF THE YEARS 1969 i0 1973, INCLUSIVE, WITHOUT
<br />SCHOOL IMPROVEMENT
<br />OPTION OF PRIOR REDEMPTION; SAID BONDS RECITING THAT THEY ARE ISSUED FOR .
<br />BONDS - SERIES 1953
<br />THE PURPOSE OF IMPROVING AND INCREASING THE 'WATER SUPPLY OF SAID CITY,
<br />UNDER AND BY VIRTUE OF, AND IN FULL CONFORMITY WITH AND PURSUANT TO AN
<br />ORDINANCE OF THE CITY OF,CHARLOTT'ESVILLE ADOPTED FEBRUARY 21, 1949, AND
<br />SPREAD IN ORDINANCE BOOK 3, PAGES 55-57 AND APPROVED BY THE VOTERS OF
<br />THE CITY AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON MARCH 24, 1949,
<br />IN ACLORDANCE WITH 'I"HE CHARTER OF THE ('ITY OF CHARLOTTESVILLE, AND THE
<br />LAWS OF THE STATE OF VIRGINIA;
<br />$950,000 SCHOOL IMPROVEMENT BONDS - SERIES OF 1953, NUMBERED FROM
<br />1 TO 950, INCLUSIVE, AND PAYABLE SERIALLY IN NUMERICAL ORDER $50,000
<br />BONDS ON NOVEMBER 1 IN EACH OF THE YEARS 1954 TO 19680 INCLUSIVE, AND
<br />$40,000 BONDS ON NOVEMBER 1 IN EACH OF THE YEARS 1969 TO 1973, INCLUSIVE,
<br />WITHOUT OPTION OF PRIOR REDEMPTION; SAID BONDS RECITING THAT THEY ARE
<br />ISSUED FOR 'I"HE PURPOSE vF CONSTRUCTION OF AND ADDITIONS TO SCHOOL BUILDINGS
<br />IN THE SAID CITY, UNDER AND BY VIRTUEOF, AND IN FULL CONio RNITY WITH AND
<br />PURSUANT 10 AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED .JUNE 15, 1953,
<br />AND SPREAD IN ORDINANCE ROOK 3, PAGES 181-183 AND AFPROVED by THE VOTERS OF THE
<br />CITY AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON AUCGUST 18, 1953, IN
<br />ACCORDNACE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LA -45 OF
<br />IHE SLATE OF VIRGINIA;
<br />ALL OF SAID BONDS BEING DATED NOVEMBER 1, 1953, OF THE DENOMINATION OF
<br />$1,000.00 EACH, BONDS MATORING IN THE YEARS 1954 TO 1961, INCLUSIVE,
<br />BEARING INTEttEST At THE RATE OF ONE AND THREE-QUARTERS PER CENTUM PER
<br />ANNUM AND BUNDS MATURING IN THE YEARS 1962 TO 1973, INCLUSIVE, BEARING
<br />INTEREST AT THE RATE OF TWO PER CENTUM PER ANNUM, PAYABLE aLMI-ANNUALLY
<br />MAY 1 AND NOVLt•IBER 1. WE HAVE EXAMINED THE CONSTITUTION AND STATUTES OF
<br />THE STATE OF VIRGINIA, INCLUDING THE CHARTER OF THE CITY OF CHARLOTTESVILLE,
<br />AND CERTIFIED COPIES OF PROCEEDINGS OF 'IHE COUNCIL OF SAID CITY, AUTHORIZING
<br />THE ISSUANCE OF SAID BONDS, ALSO EXECUTED 'WATER ISIPROVEMENT BOND - SERIES OF
<br />1949, NO, 651, AND EXECUTED SCHOOL !MPROVEMENT BOND - SERIES OF 1953, NO. 1.
<br />IN OUR OPINION SAtO $1,175,000 BONDS HAVE BEEN AUTHORIZED AND ISSUED
<br />IN ACCORDANCE WITH THE CONSTITUTION AND STATUTES OF THE STATE OF VIRGINIA,
<br />INCLUDING THE CHARI'L8 OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, AND
<br />CONSTVTUTE VALID AND LEGALLY diNDiNCG OBLIGATIONS OF THE CITY OF
<br />^" --- --- -�••• ViDG buI. aWn c.1n ATV OAC, onUrD ANn 14 .',A: iaATEn TA
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