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5. That any or all construction to be effected through the proceeds of a bond
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<br />issue may be by contract.
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<br />6. That it shall be duty of the Advisory Board to sew that the plans and
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<br />specifications approved by the Alderman and Council are carried out, to confer
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<br />frequently with the engineer in charge, to do everything necessary to safeguard
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<br />the public interest, and to repopt to the Councils monthly ur oftener as may best
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<br />serve the interest of the city,
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<br />7.That nothing in this ordinance shall be construed to delegate to the said
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<br />Advisory Board any ministerial or other powers except those expressly set forth,
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<br />and that in any case of delay or neglect or other occasion for dissatisfaction with
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<br />the functioning of the Board the Councils, in separate session, shall act forthwith
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<br />to protect the public interest.
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<br />Adopted by the Common Council April 5,1920,
<br />Ayes: Elliott, Forrest, Gleason, uuyett, Long,
<br />Smith, Twyman and Via.
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<br />Spread in error. Amended and readopted by both bodies April 9th, 1920.
<br />Clerk.
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<br />An Ordinance referring to a vote of the City's electorate the question of issuing
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<br />953,000 bonds to extend and improve the water supply and other utilities.
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<br />WHEREAS it is deemed to be necessary and expedient and to the advantage of the
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<br />city that the city should negotiate a loan to extend and improve its revenue produa-
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<br />ing utilities --to wit:
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<br />$200,00 to augment and improve the city's water supply,
<br />50,000 to extend the water system, and
<br />35,000 to extend and equip tre gas plant;
<br />------------total
<br />$285,000
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<br />WHEREAS it is deemed to be expedient and to the advantage and benefit of the
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<br />city that the city should include in said loan the additional sums following and for
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<br />the following purposes -- to wit;
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<br />25,000 to bond existing floating debt,
<br />480,000 to construct concrete streets, estimated mileage _, and sand -clay streets,
<br /> estimated mileage 7.
<br />125,000 to erect a government building, and purchase a site therefor, if necessary,
<br />20,000 to extHnd and improve the facilities of the Fire riepartment, and
<br />18,000 to remodel the armory;
<br />----------- total.
<br />$668,000
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<br />And whereas the sum of $668,000 added to the debt of the city now existing
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<br />will not reach the constitutional limit to the authority to issue bonds not exceeding
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<br />eighteen per centum of the assessed valuation of the real estate of the city subject
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<br />to taxation as shown by the last assessment for taxes, therefore
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<br />Be it ordained by the Common Council, the Board of Aldermen concurring:
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<br />1. That the city negotiate a loan not exceeding $953,000 for the purposes aforesaid
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<br />and issue coupon bonds therefor. Such bonds shall bekknown as Charlottesville
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<br />Improvement Bonds, small be payable to bearer in forty years after date, each bond
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<br />to contain the option on the part of the city to pay the principal thereof at the
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<br />expiration of twenty years from its date, and at any time thereafter upon one
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<br />month's notice published once a week for two weeks in a newspaper published in
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<br />Charlottesville and in a newspaper published in New York City, which notice shall set
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<br />forth the serial number or numbers of the bond or bonds to be paid and the time when payment
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<br />is to be made, that the bonds shall bear interest at the rate of 5 per cent per annum,
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