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<br />contain the option on the part of the city to pay the principal thereof at tre
<br />expiration of twenty years from its date, and at any time theradter upon one month's
<br />notice published once a week for two successive weeks in a newspaper published in
<br />Charlottesville and in a newspaper published in New York City, which notice shall set
<br />forth the serial number or numbers of the bonds to be paid and the time when payment
<br />bonds a all bear interest at the
<br />is to be made: that the rate of 5 per cent per annum, payable semiannually, such
<br />installments being evidenced by coupons attached to said bonds, that the bonds shall
<br />be numbered f rom one to the end of the series; that all bonds herein named shall be
<br />si^ned by the mayor, who shall affix to them the corporate seal of the city, and
<br />shall be signed also by the Clerk of the Councils and the treasurer, and the coupons
<br />thereto attached shall be identified by facsimile signature of the treasurer; that
<br />said bonds shall be exempt from city taxation and their coupons shall be receivable
<br />for all taxes, debts and demands due the Cite of Charlottesville.
<br />II. That the proceeds of said bonds shall be used exclusively for the purposes set
<br />forth in the preamble hereto; that the amount therein set apart respectively for
<br />bonding floating debt, for erection of a government building, for the betterment of
<br />the Fire Department and for remodeling the arrnory shall not be increased, but any or
<br />all of these four named apportionments and, if necessary, the apportionment for
<br />streets, may be reduced by the Councils, and the sum of the reduction added to the
<br />amount apportioned to water supply improvement in order that the Councils may not be
<br />restricted or hampered in their dealing with the water problem, and if not more than
<br />$200,000 is required f.:)r water supply improvement the Councils may assign to streets
<br />any unexpended remainder of the sums apportioned to the utilities named in this
<br />section II after such utilities named have been properly provided fore
<br />III. That the said bonds and their coupons shall be payable at the office of the
<br />treasurer of the City of Charlotte sville.
<br />IV. That after this bond issue has been authorized by a vote of the people the
<br />Finance Committee of the Councils shall prepare and dispose of it in its entirety
<br />at one sale, it in installments, as mai► be deemed desirable by the said committee.
<br />Any sale of said bonds shall be subject to the ratification of the Councils.
<br />V. That it is hereby ordered that an alaction be held on the second Tuesday in
<br />June, 1920, that being the next general election, at which time qualified voters may
<br />vote for or againt sanctioning the issue of bonds --that is to say, for any or all of
<br />the followin7;
<br />$2009000 for water,
<br />509000 for sewers,
<br />351000 for gas,
<br />25.9000 for existing unbonded debt,
<br />4809000 for streets,
<br />1259000 for government building,
<br />20,000 for fire department equipment,
<br />18,000 for remodeling armory,
<br />or against any or all of the issues of bonds just named by drawing a line through
<br />the issue or issues it is desired to vote against; said election to be held in
<br />accordance with section 25 of the city charter and the laws of Virginia regarding
<br />elections by the people.
<br />VI. That the mayor of said city be, and he is hereby, authorized and directed to
<br />give the required notice by publication in a Charlottesville paper for four sueeess�ve
<br />weeks, of the holding of said election pursuant to the provision of section 25 of
<br />said charter. Adopted by the Cornton Council Iflay 411920.
<br />Presented and approved ayes: Elliott, Forrest, Gleason, Truyett, Long,
<br />Smith, Twyman and Via.
<br />May 79 1920. Concurred in by Board of Aldermen lay 7, 1920.
<br />ayor, Ayes: Patton, Walker,eeler.
<br />7reiJMirfT mmon`oun"ci't: Pres •n�" "o"ar '"o _1 d.iruun. Fier
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