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83-7-18 <br />4 AN ORDINANCE AUTHORIZING THE ISSUANCE OF <br />ONE MILLION FIVE HUNDRED THOUSAND <br />DOLLARS ($1,500,000) PRINCIPAL AMOUNT OF <br />• GENERAL OBLIGATION GENERAL IMPROVEMENT <br />BONDS OF THE CITY OF CHARLOTTESVILLE, <br />VIRGINIA, FOR THE PURPOSE OF PROVIDING <br />FUNDS TO PAY THE COST OF ACQUIRING, CON- <br />STRUCTING, RECONSTRUCTING, IMPROVING, <br />EXTENDING, ENLARGING AND EQUIPPING THE <br />GAS DISTRIBUTION SYSTEM OF AND FOR SUCH <br />CITY; FIXING THE FORM, DENOMINATION AND <br />CERTAIN OTHER FEATURES OF SUCH BONDS; <br />PROVIDING FOR THE SALE OF SUCH BONDS AND <br />PRESCRIBING THE FORM OF A NOTICE OF SALE <br />THEREFOR; AND AUTHORIZING AND PROVIDING <br />WITH RESPECT TO THE ISSUANCE AND SALE OF <br />A LIRE PRINCIPAL AMOUNT OF GENERAL <br />OBLIGATION BOND ANTICIPATION NOTES IN <br />ANTICIPATION OF THE ISSUANCE AND SALE OF <br />SUCH BONDS. <br />WHEREAS, pursuant to an ordinance entitled: AN <br />ORDINANCE AUTHORIZING THE ISSUANCE OF ONE MILLION FIVE <br />HUNDRED THOUSAND DOLLARS ($1,500,000) PRINCIPAL AMOUNT OF <br />GENERAL OBLIGATION GENERAL IMPROVEMENT BONDS OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF PROVIDING <br />FUNDS TO PAY THE COST OF ACQUIRING, CONSTRUCTING, RECON- <br />STRUCTING, IMPROVING, EXTENDING, ENLARGING AND EQUIPPING THE <br />GAS DISTRIBUTION SYSTEM OF AND FOR SUCH CITY; FIXING THE <br />FORM, DENOMINATION AND CERTAIN OTHER FEATURES OF SUCH BONDS; <br />PROVIDING FOR THE SALE OF SUCH BONDS AND PRESCRIBING THE <br />FORM OF A NOTICE OF SALE THEREFOR; AUTHORIZING AND PROVIDING <br />WITH RESPECT TO THE ISSUANCE AND SALE OF A LIKE PRINCIPAL <br />AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN <br />ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH BONDS <br />APPROVING THE SALE OF SUCH NOTES; FIXING THE RATE OF <br />INTEREST TO BE BORNE BY SUCH NOTES; AND APPROVING THE FORM <br />OF SUCH NOTES" (the "1981 Ordinance") adopted by the Council <br />of the City of Charlottesville, Virginia (the "City") on <br />September 20, 1981, there were authorized to be issued <br />$1,500,000 principal amount of general obligation bonds of <br />the City; <br />WHEREAS, pursuant to the authorization in the 1981 <br />Ordinance, there have heretofore been issued $1,500,000 <br />principal amount of general obligation General Improvement <br />Bond Anticipation Notes dated as of October 6, 1981 and <br />maturing on October 6, 1983; <br />WHEREAS, the Tax Equity and Fiscal Responsibility <br />Act enacted by the Congress of the United States of America, <br />as amended, provides that interest on bonds issued by <br />• governmental bodies after June 30, 1983, will not be <br />