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<br />annum, coupons bonds in the denomint.tion of 9'1,000.00 each, dated September 1,
<br />1922, and maturing forty years after date with the right of the City of Char-
<br />lottesville to redeem any of said bonds on any interest period after twenty years
<br />from date. For these bonds we have agreed to pay you par and accrued interest and
<br />-in addition a premium of ip7500.00.
<br />We understand we are to be furnished with the finial unqualified
<br />approving opinion of i1essrs. Jonn Thompson of New York City evidencing that the
<br />bonds are regularly and legally issued and that they constitute direct general
<br />obligations of tjie entire City of Charlottesville, Va. In the event I,.r.Thompson
<br />is unable to satisfy himself as to the legality of the is,,ue, we understand you
<br />will furnish us with a complete transcript'of proceedings in order that our attorneys
<br />may complete their examination and render their finial opinion as to the regularity
<br />and legality of the issue. We understand our attorneys are to have three weeks time
<br />in which to examine the said transcript after ..:r. Thompson has expressed his opinion.
<br />(should ::r. Thompson see fit to decline to approve the issue). That is to say; in the
<br />evert :.:r. Thom;, -son sees fit the decline to approve the issue, our attorneys are to have
<br />three weeks from the date Mr. 'Thompson gives his decision, in which to examine the
<br />legality of the issuance of the Bonds.
<br />We are to pay for the printing of the banIt bonds, and any expense incurred
<br />by our own attorneys.
<br />As evidence of good faith cx;e are wiring ; 8,000, through the National Dank
<br />of Chtirlottesville for the order of the City of Charlottesville. This check is to be
<br />held pendin-; the carryin out of this contract by us, and is to be held uncashed. If
<br />after their examin(t on � Three weeks as above in(iica.ted) our attorneys find they
<br />cannot ,� rove the issue, the said check is to be returned to us and the deal i- off.
<br />Very truly yours,
<br />R. Mo GRANT & CO., INC.
<br />(Signed) M. F. Schlater.
<br />R. I,i. Grant & Co., Inc.,
<br />New York City,
<br />Gentlemen:
<br />We have your letter of this date, confirming your purchase from us of
<br />.j400,000. 9ity of 'Ch.:rlottesvi i. 5% Municipal Improvement Bonds at par and
<br />accrued interest, plus a premium of 47, 500. , you to pay for the printing of the bonds
<br />and such expense as your own attorneys may incurr. This is in accordance with our
<br />understanding of the transaction and the bonds when i s:;ued, will be delivered to you
<br />in accordance thereto.
<br />Very truly yours,
<br />(Signed) John , iIorris)Members of the Finance
<br />E. A. Joachim )Committee and Council.
<br />Your Committee was of the opinion that four hundred thousand dollars
<br />(400,000.00) of the bonds was a sufficient amount to dispose of at the present
<br />time, as this amount will enable the City to take care of the Filtration plant,
<br />the gas and fire departments and also give; the City sufficient funds to start
<br />the wort; on some of the streets, whi ch are in most serious condition.
<br />J. Y. Brown, Chairman,
<br />E. A. Joachim.
<br />Septembor 20, 1922.
<br />Said report is adopted and approved and the Finance Committee is
<br />directed to carry out, the terms of its agreement with R. M. Grant and Company
<br />Incorporated and deliver said four hundred thousand dollars of bonds to said
<br />Company as soon e.s they have been printed, executed end are ready for delivery
<br />and said R. hI. Grant and Company. Incorporated has complied with their part of the
<br />agreement and paid the purchase price as provided therein.
<br />Adopte b the Counc' Sept.20, 1922.
<br />Aye sBr JQI Does l/ / I
<br />lone.
<br />rdsid ent.
<br />AN ORDINANCE TO D121NE AND PEEVENT UNTRUE, DECrPTI Vi,; OR l�IISLEDDING ADVERTISING, 10
<br />PROVI Dl; PENALT IHS THEREOR.
<br />BE IT OEDAINZD BY THE COUNCIL OF THE CITY OF CHARL0' TESVILLE9 VII GINI.A.
<br />ead. Section 1. That any peL son, firm, corporation or as ociation who, T.Zth
<br />Intent to sell or in anW wise dispose of merchandise securities, service or any
<br />-
<br />t tr.inU offered b such person, firm corporation r
<br />ane. y p p or association, directly or indirectly
<br />to the public for sale or distribution, or with intent to increase the consumption
<br />thereof, or to induce the public in any manner to enter into any obligation relating
<br />thereto, or to acquire title thereto, or an interest therein, makes, publishes,
<br />disseminates, circulates, or places before the public, or causes, directly or in-
<br />diretly, to be made published, disseminated,, circulated, or placed before the public
<br />in this City, in a newspaper oi- other Publication, or in the form of a book, notice,
<br />91C
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