|
Whereas the said Common Council and Board of Aldermen deem it wise and expedient to
<br />
<br />secure such said money and have it in hand prior to the bepinning of the construction
<br />
<br />under said contract,
<br />
<br />Now, therefore, be it ordained by the said Common Council, the Board of Aldermen
<br />
<br />concurring,
<br />
<br />That the finance committee of said City be and hereby is authorized to execute
<br />
<br />on behalf of said city one hundred and forty (140) One Thousand dollar ($1,000) nego-
<br />
<br />tiable notes, bearing interest, payable semi-annually, at the rate of six per cent per
<br />
<br />annum, and payable one year after date, as follows: Sixty (60) One Thousand Dollar
<br />
<br />($1,000) notes, as above mentioned, payable to the order of Sinking Fund Commission of
<br />
<br />the City of Charlottesville, Virginia: Thirty three (33) One Thousand Dollar ($1,000)
<br />
<br />notes as above mentioned, payable to the order of the Peoples National Bank of Char-
<br />
<br />lottesville, Virginia: Thirty-three (33) One Thousand Dollars ($1,000) notes as above
<br />
<br />mentioned payable to the order of the National Bank of Charlottesville, Charlottesville
<br />
<br />Virginia: Seven (7) One Thousand Dollars ($1,000) notes as above mentioned, payable to
<br />
<br />the order of the Commerce National Bank, Charlottesville, Virginia: and seven (7) One
<br />
<br />Thousand Dollar ($1,000) notes, as above mentioned, payable to the order of the Farmers
<br />
<br />& Merchants National Bank, Charlottesville, Virginia; provided, however, that the lawfully
<br />
<br />constituted authorities of said City shall have the right to take up said notes or
<br />
<br />any one or all of them at any interest period, having previously given to the holders
<br />
<br />thereof 30 days notice of said City's intention to take up such note or notes.
<br />
<br />And be it further ordained that the s aid finance committee be, and hereby is,
<br />
<br />authorized and instructed, after having borrowed the money aforesaid upon such said
<br />
<br />rotes, to deposit said money aforesaid in each of the said banks in proportion to the
<br />
<br />amount borrowed from each of said banks; and the said finance cornmittee is hereby
<br />
<br />authorized to withdraw said money from said banks for the purpose of purchasing material
<br />
<br />and equipment and of making necessary payments under the aid contract with the said
<br />
<br />W. P. Thurston Co. , as the construction progresses; provided however the s --aid money
<br />
<br />shall be withdrawn from said banks by the s -aid finance committee in sums prorortionate
<br />
<br />to the amount of the deposits heretofore referred to and, prodded further, that none
<br />
<br />of the money borrowed for the purposes Inereinbefore mentioned shall be used or paid
<br />
<br />cut except in strict conformity to the terms of the advertisement of the letting of
<br />
<br />said work, and the proposal of said contractor and tie contract pursuant hereto between
<br />
<br />the said City and the said W. P. Thurston Company.
<br />
<br />
<br />
<br />A RESOLUTION APPROPRIATING $8000 TO ENACT INCINERATOR/
<br />
<br />RESOLVED, BY THE BOARD OF ALDERMEN, THE COMMON COUNCIL CONCURRING,
<br />
<br />That the sum not to exceed $8,000 be and in hereby arpropriated to finish and
<br />
<br />erect an incinerator of from 12 to 15 ton capacity on the old City Stables property,
<br />
<br />for disposal of City garbage; same to be done under direction and supervision of the
<br />
<br />Buildings & Grounds Corrmittee and City Manager.
<br />
<br />Adopted by Board of Aldermen January 18, 1922
<br />Ayes: Greaver, Haden and Walker
<br />Concurred in by Common Council Feb. 9, 1922.
<br />Ayes: Ellington, Forrest, Quarles, Morris, Via and Watson.
<br />
<br />Presented and approved February 10, 1922.
<br />Mayor Signature
<br />Clerk Signature
<br />President Board of Aldermen
<br />President Common Council
<br />
<br />
|