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X94
<br />STATIONS FOR STUDY AND RECOMMENDATION.
<br />THE LEGAL OPINION OF WOOD, KING, DAWSDN AND LDGAN RE: $600,000.00, CITY OF
<br />CHARLOTTESVILLE, VIRGINIA, GENERAL IMPROVEMENT BONDS - SERIES OF 1961 WAS PRESENTED
<br />ANO ORDERED SPREAD IN THE MINUTES OF THIS MEETING:
<br />APRIL 27, 1961
<br />PAUL D. SUMMERS, JR., ESQ.
<br />CITY ATTORNEY
<br />CHARLOTTESVILLE, VIRGINIA
<br />DEAR SIR:-
<br />CITY OF CHARLOTTESVILLE, VIRGINIA, GENERAL
<br />IMPROVEMENT BONDS - SERIES OF 1961, $600,000.
<br />LEGAL OPINION
<br />WOOD, KING, DAWSON
<br />~ LOGAN
<br />AT THE REQUEST OF THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA,
<br />WE HAVE EXAMINED INTO THE VALIDITY OF AN ISSUE OF $600,000 GENERAL IMPROVEMENT
<br />BONDS - SERIES OF 1961, OF THE CITY OF CHARLOTTESVILLE, VIRGINIA DATED APRIL 1,
<br />1961, NUMBERED FROM 1 TO 600, INCLUSIVE, OF THE DENOMINATION OF 1,000 EACH, PAYABLE
<br />SERIALLY IN NUMERICAL ORDER $30,000 BONDS ON APRIL 1 IN EACH OF THE YEARS 1962 TO
<br />1981, INCLUSIVE, WITHOUT OPTION OF PRIOR REDEMPTION, BONDS MATURING IN THE YEARS
<br />1962 TO 1968, INCLUSIVE, BEARING INTEREST AT THE RATE OF TWO AND ONE-HALF PER CENTUM
<br />PER ANNUM ANO BONDS MATURING IN THE YEARS 1969 TO 1981, INCLUSIVE, BEARING INTEREST
<br />AT THE RATE OF THREE AND TEN ONE-HUNDREDTHS PER CENTUM PER ANNUM, PAYABLE SEMI-
<br />ANNUALLY APRIL 1 ANO OCTOBER 1; SAID BONDS RECITING THAT THEY ARE ISSUED FOR THE
<br />PURPOSE OF CONSTRUCTION OF A NEW CLERK'S OFFICE AND COURTHOUSE AND FOR STREET
<br />IMPROVEMENTS, UNDER AND BY VIRTUE OF, AND IN FULL CONFORMITY WITH AND PURSUANT TO
<br />AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED JANUARY 16, 1961 AND SPREAD IN
<br />ORDINANCE BOOK 3, PAGES 403-404, AND APPROVED BY THE VOTERS OF THE CITY AT AN
<br />ELECTION HELD FOR THAT PURPOSE ON MARCH 7, 1961, IN ACCORDANCE WITH THE CHARTER OF
<br />THE CITY OF CHARLOTTESVILLE, AND THE LAWS OF THE STATE OF VIRGINIA, INCLUDING
<br />CHAPTER 19.1 OF THE CODE OF VIRGINIA OF 1950 AS AMENDED. WE HAVE EXAMINED THE
<br />CONSTITUTION AND STATUTES OF THE STATE OF VIRGINIA, INCLUDING THE CHARTER OF THE
<br />CITY OF CHARLOTTESVILLE, AND CERTIFIED COPIES OF PROCEEDINGS OF THE COUNCIL OF SA10
<br />CITY, AUTHORIZING THE ISSUANCE OF SAID BONDS, ALSO AN EXECUTED BOND OF SAID ISSUE,
<br />No. 1 .
<br />IN OUR OPINION SAID BONDS HAVE BEEN AUTHORIZED AND ISSUED IN ACCORDANCE
<br />WITH THE CONSTITUTION AND STATUTES OF THE STATE OF VIRGINIA, INCLUDING THE CHARTER
<br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, AND CONSTITUTE VALID AND LEGALLY BINDING
<br />08LIGATIONS OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, AND SAID CITY HAS POWER AND
<br />IS OBLIGATED TO LEVY AD VALOREM TAXES FOR THE PAYMENT OF SAID BONDS AND THE INTEREST
<br />THEREON UPON ALL PROPERTY WITHIN SAID CITY, SUBJECT TO TAXATION BY SAID CITY, WITHOUT
<br />LIMITATION OF RATE OR AMOUNT.
<br />IT IS ALSO OUR OPINION THAT THE INTEREST ON SAID BONDS IS EXEMPT FROM
<br />TAXATION BY THE UNITED STATE OF AMERICA UNDER THE CONSTITUTION OF THE UNITED STATES
<br />AS NOW IN FORCE, UNLESS SUCH TAX IS CONSENTED TO BY THE STATE OF VIRGINIA, AND THAT
<br />SUCH INTEREST IS EXEMPT FROM SUCH TAXATION UNDER THE EXISTING ACTS OF CONGRESS.
<br />VERY TRULY YOURS,
<br />WOOD, KING, DAWSON & IOGAN SIGNED)
<br />ON MOTION BY MR. MICHIE, SECONDED BY MR. MOUNT, THE MAYOR WAS AUTHORIZED TO
<br />MAYOR AUTHORIZED TO
<br />EXECUTE EXCHANGE DEED
<br />EXECUTE AN EXCHANGE DEED GATED APRIL lO, 1961, WITH THE CHESAPEAKE AND OHIO RAILWAY
<br />COMPANY FOR PROPERTY FOR THE ROUTE 2O ~BELMONT) BRIDGE IN THIS CITY.
<br />A COMMUNICATION WAS PRESENTED FROM THE PURE Oll COMPANY REQUESTING PERMISSION TO
<br />REQUEST - PURE O I L CO.
<br />RE: STORAGE TANKS
<br />ORDINANCE CARRIED OVER RE:
<br />CH. 11, SEC. 18
<br />REPLACE AND~OR REPAIR THEIR STORAGE TANKS AND LOADING PLATFORMS AT THE BULK PLANT
<br />ON HARRIS STREET. THE FOLLOWING ORDINANCES WERE OFFERED TO FACILITATE THE GRANTING
<br />OF THIS REQUEST,AND ASSIST OTHER BULK STORAGE PLANTS IN AN M-1 INDUSTRIAL DISTRICT.
<br />
<br />AN ORDINANCE ENTITLED "AN ORDINANCE AMENDING AND REENACTING SECTION 18 OF CHAPTER 11
<br />OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, ENTITLED 'TANKS, ETC., FOR WHOLESALE
<br />STORAGE OUTSIDE FIRE LIMITS' " WAS OFFERED BY MR. MICHIE, SECONDED BY MR. MOUNT, AND
<br />CARRIED OVER TO THE MEETING OF JUNE 5, 1961 FOR CONSIDERATION.
<br />AN ORDINANCE ENTITLED "AN ORDINANCE AMENDING AND REENACTING SECTION 114.94 OF THE
<br />ORDINANCE CARRIED OVER RE:
<br />SEC. 114.94 - BLDG. CODE
<br />BUILDING CODE OF THE CITY OF CHARLOTTESVILLE, ENTITLED 'EXTERIOR STORAGE TANKS' " was
<br />OFFERED BY MR. LEE, SECONDED BY MR. MICHIE, AND CARRIED OVER TO THE MEETING OF JUNE 5, 1961
<br />FOR CONSIDERATION.
<br />AN ORDINANCE ENTITLED "AN ORDINANCE AMENDING AND REENACTING SECTION 15 OF CHAPTER 11
<br />ORDINANCE CARRIED OVER RE:
<br />CH. 11, SEC. 15.
<br />OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1959, ENTITLED 'BULK STORAGE; RESTRICTIONS
<br />ON UNDERGROUND STORAGE; TRUCK TRANSPORTS' "was OFFERED BY MR. MOUNT, SECONDED BY
<br />MR. MICHIE, AND CARRIED OVER TO THE MEETING OF JUNE 5, 1961 FOR CONSIDERATION.
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