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313 r 3 AN ORDINANCE AJTHORIZ:ING THE ISSUANCE OF IdINd HUNDRED AND THIRTY-FIVE THOUSAND DOLLARS OF 5% BONDS OF THE CITY OF CHARIOT TESVILLE 9 TO BL riNO'NN AS "CHAiiLO,iTE,S- VILLE Ili ROVE]JENr BONDS WHERSAS the issuance of nine hunared and thirty-five thousand dollar: ($935,000.00) of 5% bonds of the City of Charlottesville, to be known as "Charlottee- ville Improvement Bonds" has beenprovided for by an ordinance ..dopted by the Com - ,non Council of the City of Jharlotte.,ville, Virginian on March 23, 1920 and concurred d Is- in py the Board of Aldermen thereof on April 9, 1920, and approved by the :,"ayor April prdin- 9, 19209 as amended and re-enacted by an ordinance adopted by said Common Council e. Ijay 4, 1920, concurred in by the said Board of aldermen May 7, 1920 and approved by the Mayor .lay 7, 1920 and approved by the affirmative Vote of a majority of the qualified voters of the City, including a majority of the votes cast bt tax payers who voted upon the question of their issuance at an election held for that purpose of June 8, 1920 in accordance with the laws of the State of Virginia. NOW THLREFOiiE BE IT ORDAINED by the 0ounc.*1 of the City of Charlottesville that there shall be issued nine hundred end thirty-five thousand dollars ($9359000.00) in bonds of the City of Charlottesvil_e, to be known as "Ccharlottesville Improvement Bonds", bearing date on September 1, 1922 and payable September 1, 1952 and bearing interest at the rate of 5% per annum, payable semi-annually on the first days of March and September of each year, said bonds -to be issued in a Series of nine hundred and thirty-five (935) bonds of one thousand dollars (1000.00) each, numbered one to nine hundred and thirty-five, both inclusive. The right is to be reserved by the amity of Charlottesville to pay the principal of any or all of said bonds at the expiration of twenty years from September 1, 1922, and at any time thereafter upon one month's notice published once a week for two successive weeks in a newspaper published in the City of Charlottesville, Virginia and in a newspaper published in the City of New York, New York, the said notice to set forth the serial number or numbers of the bond or bond, of the aforesaid issue th�Lt i s to be raid and the time when payment is to be made. That the bonds of said issue and the coupons thereto attached shall be substantially of the following; form and tenor: JNITED STATES OF AM"RICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE No. 1. jP1,000000 THE CITY OF CHARLOTTESVI-1E, VlnGINIA, for value received promises to pay to the bearer hereof, at the Office of the 'treasurer of the City of Charlottes- ville, or at the National Park Bank of New York in New York City, at the option of the holder hereof, one thousand dollars in 'ini ted States currency, on the fir, -:t day of September, 1962, on the surrender of this bond, wi ti. interest at the rate of five per centum per annum, payable semi-annually on the firs(. days of .,Iardh and September of each year, on the presents�t : on of the respective coupons for such interest, here- to attached. This bond is one of a series of nine hundred and thirty-five bonds, of One Thousand Dollars each, numbered 1 to 935, both inclusive, issued in pursuance of an Ordinance adopted by the Common k%ouncil of the City of Charlo'.tesville, Virginia, on ::larch 23, 1920, and concurred in by the Board of Aldermen thereof on April 9, 19200 and approved by the layor kpril 9, 1920, as amended and re-enacted by an ordinance adopted by said Common Council :►Iay 49 1920, concurred in and b;; said Board of Aldermen May 79 1920, and approved by the iitayor i�,Lay 7, 1920, and approved by the affirm- ative voto of a majority of the qualified voters of the City, including; a majority Of the votes c s� by taxpayers, who voted upon the question of their issuance at an election held for that purpose of June 6, 1920, and in accordance �%,ith the laws of the State of Virgl n: a, the whole series �)uing known as "Charlottesville Improvement Bonds". The ri°tit is reserved by the City of Charlottesville to pay the principal hereof tit th(.� e.xpirati on 9f twenty years from date hereof and at any time thereafter, upon one month's notice published ones a week for two succesoive weeks in a newsna,.,,er publis:Ied in the City of Charlottesville, Virginia, and in a newspaper publisaed in t tie City of New York, New York, the said notice to s et forth thr? serial number or numbers, Of the bond, or bonds, of the aforesaid issue, that is to be paid, and the time when Payment is to be made. VJhi le this bond or anyf the bonds of the issue of which it is a part stall remain outst«nding and unpaid there shall annually be levied on all ta.xabl^ pro- perty of the City a tax sufficient to provide for the payment of the principal and interest as the same Become due and payable. IT: iS HEREBY CERT.IFIED,�ECITED AND DECLARED that all acts, conditions and things required to be done, to have happened, or to exist, precedent to and in the issu- ance of this bond, have been properly done, have hapl)ened and been performed and do exist in regular and clue time, form and manner as required by 1iw and in full and strict compliance with the total indebtedness of the City of Cha,rlo.�tesville, including this bond and the series of which it forms a p!�-.rt, does not exceed any limitation pre- scribed by the constitution or statutes of the State of Virginia, including the Charter of said City, but is within every debt and other limit presecribed by law, and the faith, credit and resources of the said City of Charlottesville are hereby irre- vocably pledged for the p:znctual payment of the principal and interest of this bond according to its terms. This bond is exempt froom taxation by the City of Oharlo tte svi 1. e , for i t s