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• AN ORDINANCE AUTHORIZING THE ISSUANCE OF <br />THREE MILLION DOLLARS ($3,000,000) PRINCIPAL <br />AMOUNT OF GENERAL OBLIGATION GENERAL IMPROVE- <br />MENT BONDS OF THE CITY OF CHARLOTTESVILLE, <br />VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS <br />TO PAY THE COST OF PUBLIC SCHOOL IMPROVEMENTS <br />OF AND FOR SUCH CITY; FIXING THE FORM, <br />DENOMINATION AND CERTAIN OTHER FEATURES OF <br />SUCH BONDS; PROVIDING FOR THE SALE OF SUCH <br />BONDS AND PRESCRIBING THE FORM OF A NOTICE OF <br />SALE THEREFOR; AND AUTHORIZING AND PROVIDING <br />WITH RESPECT TO THE ISSUANCE AND SALE OF A <br />LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION <br />BOND ANTICIPATION NOTES IN ANTICIPATION OF <br />THE ISSUANCE AND SALE OF SUCH BONDS. <br />WHEREAS, in the judgment of the Council of the <br />City of Charlottesville, Virginia (the "City"), it is neces- <br />sary and expedient to authorize the issuance and sale of <br />general obligation General Improvement Bonds of the City in <br />• the principal amount of three million dollars ($3,000,000) <br />for the purpose of providing funds to pay the cost of public <br />school improvements of and for the City, and to authorize <br />the issuance and sale of general obligation bond anticipation <br />notes in anticipation thereof; <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF <br />THE CITY OF CHARLOTTESVILLE, VIRGINIA: <br />1. Pursuant to Chapter 5 of Title 15.1 of the <br />Code of Virginia, 1950, as amended, the same being the <br />U <br />