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340 in the preamble hereto. 4. Said bonds shall be issued under the authority of section 127 of the, Constitution of Virginia and section 3082 of the Code of Virginia of 1919 as amended and s a bonds shall not be included in determining the limitation of the power of the City to incur indebtedness as provided in the first paragraph of section 127 of the Constitu. tion because said bonds herein provided for come within the exception provided in sub- section B of section 127 of the Constitution as they are to be approved by an affirmative vote of the majority of all qualified voters of the City of 'charlottes - Ville, voting upon the question of their iUsuance at tho general election next succeeding t enactment of this Ordinance and are for the propose of supplying water from which the City will derive a revenue sufficient to pay for the cost of opert:tion and adminis. tration of maintaining the water supply including interest on the bonds and the cost of iwsurance against loss by injury to persons and property and an annual amount to be covered and paid into a sinking fund sufficient to pay at or before maturity all bonds issued on account of said undertaking including those now out stand in; as well as those to be issued in this series. 5. �he City Council fixes five years from the date of the election hereinafter provided for determining whether o., not the revenue from such undertaking is sufficient to pay for the cost of operation and administration includin,; interest on bonds issued therefor and the cost of insurance against loss by injury to persons or property and an annual amount to be covered and paid into a sinking fund sufficient ',o pay at or before maturity all bonds issued on account of said undertaking including those now outstanding as well as those to be issued, hereunder. 6. 'ghat said bonds and the coupons shall be payable at the Office of the Treasurer of the City of Charlottesville Virginiu and at such other place or places as the Council may designate. 7. That after this bond issue has been authorized by a vote of the people the Finance Committee of the Council shall prepare and dispose of said issue in its entirety at one sale or in such installments as may be deemed desirable by said Committee. Any sale of said bonds shall be subject to ratification of tine Council. Be That it is hereby orddred thiit an election by held on the 6th day of Dovemberg 1923 at which qualified voters may vote for or against the. said issue of the bonds. The ballot in said election shall provide:Por $500,000.00 for improving and increasing the Plate Surply. Against $500,000.00 for Imoroving and IncreasinLr the Water Supply. Said voters desilcing to vote for ®aid bond issue shell draw a line through "Against tr;500,000.00 for Improving and Increasing the Water Supply" and those desiring to vote against said issue shall draw a line through "For $500,000.00 for Improving and 4 Increasing the Water ',supply," said election to be held in accordance w -i th section 24 of the Charter of the City of Charlottesville and the DLws of Virginia regarding elect"" by the people. the The the I�dayor of said City be and ire is hereby authori zed and directed to giVe quired notice by publication in a newspaper published in the City of Charlottesville f or four suedessive weeks before said election and that a copy of said notice be recorded in the book ke t for th t purpose. Adopted by Council October 1, h9m3*jI oes 110rle# Ayes, B 11, 14orr i s and J opt f.w-- �_---- 1?1•' SII ,lTr.