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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 theradter upon one month's
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<br />notice published once a week for two successive 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 bonds to be paid and the time when payment
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<br />is to be made: that the bonds a all bear interest at therate of 5 per cent per annum, payable semiannually, such
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<br />installments being evidenced by coupons attached to said bonds, that the bonds shall
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<br />be numbered from one to the end of the series; that all bonds herein named shall be
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<br />signed by the mayor, who shall affix to them the corporate seal of the city, and
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<br />shall be signed also by the Clerk of the Councils and the treasurer, and the coupons
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<br />thereto attached shall be identified by facsimile signature of the treasurer; that
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<br />said bonds shall be exempt from city taxation and their coupons shall be receivable
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<br />for all taxes, debts and demands due the City of Charlottesville.
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<br />II. That the proceeds of said bonds shall be used exclusively for the purposes set
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<br />forth in the preamble hereto; that the amount therein set apart respectively for
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<br />bonding floating debt, for erection of a government building, for the betterment of
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<br />the Fire Department and for remodeling the arrnory shall not be increased, but any or
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<br />all of these four named apportionments and, if necessary, the apportionment for
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<br />streets, may be reduced by the Councils, and the sum of the reduction added to the
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<br />amount apportioned to water supply improvement in order that the Councils may not be
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<br />restricted or hampered in their dealing with the water problem, and if not more than
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<br />$200,000 is required for water supply improvement the Councils may assign to streets
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<br />any unexpended remainder of the sums apportioned to the utilities named in this
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<br />section II after such utilities named have been properly provided for.
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<br />III. That the said bonds and their coupons shall be payable at the office of the
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<br />treasurer of the City of Charlottesville.
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<br />IV. That after this bond issue has been authorized by a vote of the people the
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<br />Finance Committee of the Councils shall prepare and dispose of it in its entirety
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<br />at one sale, it in installments, as may be deemed desirable by the said committee.
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<br />Any sale of said bonds shall be subject to the ratification of the Councils.
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<br />V. That it is hereby ordered that an alaction be held on the second Tuesday in
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<br />June, 1920, that being the next general election, at which time qualified voters may
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<br />vote for or againt sanctioning the issue of bonds --that is to say, for any or all of
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<br />the following;
<br />$200,000 for water,
<br /> 50,000 for sewers,
<br /> 35,000 for gas,
<br /> 25,000 for existing unbonded debt,
<br /> 480,000 for streets,
<br /> 125,000 for government building,
<br /> 20,000 for fire department equipment,
<br /> 18,000 for remodeling armory,
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<br />or against any or all of the issues of bonds just named by drawing a line through
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<br />the issue or issues it is desired to vote against; said election to be held in
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<br />accordance with section 25 of the city charter and the laws of Virginia regarding
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<br />elections by the people.
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<br />VI. That the mayor of said city be, and he is hereby, authorized and directed to
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<br />give the required notice by publication in a Charlottesville paper for four sueeess ve
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<br />weeks, of the holding of said election pursuant to the provision of section 25 of
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<br />said charter.
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<br />Adopted by the Common Council May 4, 1920.
<br />Ayes: Elliott, Forrest, Gleason, Huyett, Long,
<br />Smith, Twyman and Via.
<br />Concurred in by Board of Aldermen May 7,1920.
<br /> Ayes: Patton, Walker and Wheeler
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<br />Presented and approved
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<br />Mayor Signature.
<br />City Clerk Signature.
<br />President Common Council Signature.
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