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<br />ON id071UN BY MR. TEBELL, SECONDED 6Y MR. FGRBES, THE FOLLOWING
<br />RESOLUTION WAS UNANI~•tOUSLY ADOPTED:
<br />;~VNEREAS, THE SCHOOL 30ARDrOR 7HE CITY OF CHARLOTTESVILLE, uN
<br />THE 21 DAY OF DECEMBER, 1953, PRESENTED 1'O THIS COUNCIL, AN APPLICATION
<br />ADDkESSED TO THE iTATE BOARD OF EDUCATION OF wiR:a1N1A FOR THE PURPOSE OF
<br />SECURING .~--TATE Sc.HGOL CONSTRUCTION FUNDS iN 7HE AMOUNT OF $408,774.26
<br />RESOLUTION RE:
<br />SCHOOL FUNDS FOR THE NEW SCHOOL BUILDING A7 CHERRY AVENUE.
<br />FOR CHERRY AVENUE
<br />SCHOOL BUILDING RESOLVED, THAT THE APPLICATION Of THE CITY SCHOOL COARD TO 7HE
<br />STATE LGARD OF EDUCATION OF ~iRGINIA FOR $408,774.26 FROta 7HE SCHOOL
<br />CONSTRUCTION FUND IS HEkEB'! APPROVED.
<br />THE COUNCIL OF SAID CITY HAS, GR ~JIIL PROVIDE SUFFICIENT FUNDS
<br />THROUGH GASH APPROPRIATIONS AND/OR LEVY, TO GOhciPLtTE iHi5 PROJECT.
<br />~ F T HE .ciGMOOL 30ARD iiAS SUi"F 1 C 1 ENT FUNDS ON HAND TO COtdPLETE THE
<br />tRUJECT, PERw115510N -S HEKEB`! GRANTED FOR THE USE OF SAID FUNDS, F'OR
<br />'iHE PURPOSE DESIGNATED iN THE APPLICATION.
<br />THE LEGAL OPINION OF ~~GOD, KING AND DAWSON REGARDING FHE $1,175,000.00
<br />CITY OF CHARLOTTESVILLE SCHOOL AND WATER t~dPROVEidENT DUND5 WA5 PRESENTED ANO
<br />ORDERED SPREAD IN THE tiiNUTES OF THIS MEETING:
<br />NOVEMBER 18, 1953
<br />JGMN S. 3ATTLE, JR., ESQ.,
<br />CITY ATTORNEY,
<br />COi1RT SQUARE BU iLD 1 N6,
<br />C}IARLOTI'ESVILIE, ~~ iRGiN1A
<br />DEAR SIR:-
<br /> C t TY OF CHARLOTTES'JI LLE, 'v t RG 1 V IA, 'MATER 1 MPROVEMENT
<br /> I30NDS - SERIES Of 1949, $225,000; SCHOOL IMPROVEMENT
<br /> BUtJDS - SER i ES GF 1953, $950,000.
<br /> AT THE REQUEST OF THECOUNCIL OF THE t'ITY OF CHARLOTTESVILLE,
<br /> VIRGINIA, iJE HAVE EXAMINED INTO THE VALIDITY OF THE F"OLLiJWfNG HONDS
<br /> OF THE CITY OF CHARLOTTESVILLE,V {RGINIA, AGGREGATING $1,175,000, VIZ:
<br /> $225,000 WATER ~idPROYEMENT 60N05 - SERIES OF 1949 (PART OF A
<br />LEGAL OPINION - WOOD, TOTAL AUTtiURIZED ISSUE OF $ 875,000 , NUMBERED FROid 651 Fo $75,
<br />ICING ~ DAWSON RE: INCLUSIVE, ANO PAYABLE SERIALLY IN NUMERICAL URUER $10,000 BONDS GN
<br />WATER ~MPRDVEMENT NOVEMBER 1 IN EACH GF THE YEARS 1954 TO 1968, INCLUSIVE, AND $15,000
<br />BOND5 - SERIES 1949 BONDS ON NOVEMBER 1 IN EACH OF 1"HE YEARS 1969 i0 1973, INCLUSIVE, WITHOUT
<br />SCHVOL IMPRGVEMENT OPTION OF PRIOR REDEMPTION; SAID BONDS KECITING THAT T"HEY ARE ISSUED fOR .
<br />BONDS - SERIES 1953 THE PURPOSE OF IMPROVfNG ANO INCREASING THE 'dATER SUPPLY OF SA10 CITY,
<br /> UNDER AND BY VIRTUE OF, AND IN FULL GONFORidITY ~IITN AND PURSUANT TO AN
<br /> ORDINANCE OF THE CITY OF ,C HARLOTT'ESVILLE ADOPTED rEBRUARY 21, 1949, AND
<br /> 5PREAD 1N ORDINANCE BOOK 3, PAGES 55-57 AND APPROVED BY T'NE VOTERS OF
<br /> THE C17Y AT A SPECIAL ELEGTIGN HELD FOR THAT PURPOSE iiN MARCH 24, 1949,
<br /> IN AGI:ORDANCE WITH THE CHARTER OF THE ~'ITY OF CHARLOTTESVILLE, AND THE
<br /> LAWS OF THE STATE OF VIRGINIA;
<br />$950,000 SCHOOL ItdPROVEMENT UOND5 - SERIES OF 1953, NUidBERED FROFi
<br />1 TO 950, INCLUSIVE, AND PAYABLE SERIALLY IN NUMERICAL GRDER $50,000
<br />tlONDS ON i+~OVEMeER 1 IN EACH OF THE YEARS 1954 TO 1968, INCLUSIVE, AND
<br />$40,000 80NDS ON t~IOVEMBER 1 iN EACH OF 7HE '!EARS 1969 TO 1973, INCLUSIVE,
<br />WITHOUT OPTION OF PRIOR REDEMPTION; SAID BONDS RECITING THAT THEY ARE
<br />ISSUED FUR 'IHE PURPOSE vF ~OMSTRUCI'ION OF AND ADOITIUN5 'TO SCHOOL BUIIDlNGS
<br />IN IHE SAID CITY, UNDER AND B'Y VIRTUEOF, AND IN FULL t:ONwORt•S17Y WITH AND
<br />PURSUANT IU AN CRDINANCE uF THE CITY OF CHARLOTTESYILLE ADOPTED .TUNE 15, 1953,
<br />AND SPREAD iN ORDINANCE BOOK 3, PA3E5 181-183 AND APPROVED 6Y THE VOTERS OF THE
<br />CITY A7 A SPECIAL EIEGT'IGN HELD FOR YHA"i PURPOSE ON AUCaUST 18, 1953, iN
<br />ACCORDANCE LJITH THE CHARTER uF THE CITY OF CHARLOTTESVILLE ANO THE ~AwS OF
<br />IHE STATE OF ~iR~INiA;
<br />AlL UF' SAID BONDS BEING DATED NOVEMBER 1, 1953, GF THE DENOMINATION OF
<br />$1,000.00 tACH, nONDS .'~iATaR1NG IN THE YEARS 1954 TO 1961, INCLUSIVE,
<br />BEARING INTEREST A7 iHE RATE OF GNE AND THREE-QUARTERS PER GENTUt~ PER
<br />ANNUM AND BONDS MATURING IN THE YEARS 1962 TO 1973, INCLUSIVE, BEAKiNG
<br />INTEREST AT THE RATE OF "FWD PER CENTUtd PER ANNUtd, PAYABLE aEMI^ANNUALLY
<br />MAY 1 AND ~~+GVEt•IBER 1. WE HAVE EXAMINED THE CONSTITUTION AND STATUTES GF
<br />'1"HE STATE OF ~~iRu1NIA, INCLUDING THE CHARTER OF THE CITY OF CHARLOTTESVILLE,
<br />AND CERTIFIED GUPfE5 OF PROCEEDINGS OF THE C©Ii1NGIL OF SAID CITY, AUTHORIZfNG
<br />THE ISSUANCE OF SAID BONDS, ALSO EXECUTED WATER ISiPRDYEMENT BOND - SERIES OF
<br />1949, tv0• 651, AND EXECUTED SCHOOL ~~SPROVEidENT BOND .^iER1ES OF 1953, t~0. 1.
<br />IN GUR OPINION BALD $1,175,000 bONOS HAVE BEEN AUTHORIZED AND ISSUED
<br />IN ACCORDANCE WITH THE CONSTITUTION AND STATUTES OF THE STATE OF VIRGINIA,
<br />INCLUDING THE CHARIER, OF 7HE CIjY GF CHARLGTTESYILLE, VIRGINIA, AND
<br />CONSTi1TUTE VALID AND LEGALLY diNpiNC; OBLIGAFIUNS OF THE C{TY GF
<br />.... - _" ___.-~.,.. ~ V.ac.-,.. aun c..n !'.TV ::s c. onuco .an ~c ::a: ~reT~n rn
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