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- 15 - • 11. General obligation bond anticipation notes are authorized for issuance and sale by the City Manager in anticipation of the issuance of the general obligation bonds authorized for issuance herein. Such notes shall mature and be payable within two years from their date and shall be sold at competitive or negotiated sale at such price plus accrued interest and on such other terms and conditions as are determined by the City Manager. If such notes are offered for competitive dale, a Notice of Sale or a Summary Notice of Sale be prepared, published and distributed in accordance with the requirements, and shall be substantially in the form, set forth in paragraph 8. There shall also be prepared and distributed a Preliminary and a Final Official Statement relating to such notes in such form as shall be approved by the City Manager. The issuance and details of such notes shall be governed by the provisions of Section 15.1-223 of the Code of Virginia, 1950, as amended. The provisions of paragraphs 4 and 6 shall apply to such notes to the same extent the same apply to the Bonds except, in the case of the provisions of paragraph 4, only to the extent such notes are not paid from the proceeds of the Bonds or from any other available funds. The sale of such notes and the form and other details thereof shall be approved, ratified and confirmed by resolution of this Council. Bonds in anticipation of which such bond anticipation notes are issued pursuant to this paragraph may be issued and sold in accordance with the provisions of this ordinance at any time within five (5) years of the date of • issuance of the first notes issued in anticipation of such Bonds. 12. The City Attorney of the City is directed to file a copy of this ordinance, certified by the Clerk of Council of the City to be a true and correct copy hereof, with the Circuit Court of the City and the Clerk of Council of the City shall publish once within ten (10) days of the date of such filing a notice of the adoption of this ordinance in The Daily Progress, a newspaper of general circulation in the City, all in accordance with Section 15.1-199 of the Code of Virginia, 1950, as amended. Such notice shall be in substantially the following form: "LEGAL NOTICE Notice is hereby given pursuant to Section 15.1-199 of the Code of Virginia, 1950, as amended, that the Council of the City of Charlottesville, Virginia, adopted on February _, 1990 an ordinance authorizing the issuance in one or more series of $7,000,000 principal amount of general obligation Public Improvement Bonds of such City and further authorizing the issuance of up to an equal principal amount of general obligation bond anticipation notes in anticipation of the issuance of such bonds. The proceeds of the sale of such bonds and notes shall be applied to the payment of the cost of the following public improvement projects in substantially the following respective amounts: E