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X AN ORDINANCE AUTHORIZING THE ISSUANCE OF T►NENTY FIVE THOUSAND DOLLARS 0? FIVE PER CENT BONDS OF THE CITY OF "iiARLOT`1 &SVILLE 'T'0 BE 00 NN A5 ' ARMOnY IM17oV.,,1aENT BONDS'". WII`+' EAS, the issuance of twenty five thousand dollars ($25,000.00) of 5% bonds of the City of Charlottesville, to be known as "Armory Impl•ovoment Bonds" has been approved by an ordinance adopted by the Council of the City of Charlottes- ville, Virginia on March 5, 1923 and approved by the voters of the City at an election held for that purpose on A�:ril 10, 1923 in accordance with the laws of the State of Virginia. NOW THEREFORE, BE IT OEDAINED by the Council of the City of Charlottesville that there shall be issued. twenty five thousand dollars ($25,000.) of 5jo bonds of the City of Charljttesville to be known as "Armory Improvement Bonds" and payable December 1, 1913 and bearing interest at the rate of 5% per annum, payable semi-annually on the first day of June and December of each year. Said bonds to be issued in a series of twenty five bonds of one thousand dollars ($1,000.00) each, numbered one to twenty five, both inclusive. That the bonds of sa_ld issue and the coupons thereto attached shall be substantially of the following form and tenor. UNI iED STATED OF Aides ICA STATE OF VIRGINIA• CITY OF CHARLOTTESVILLE AR1d013Y IM11R'OV litiidT BONUS. No. 1 $19000.00 THE CITY 0:11 CHARLOTTL:)VILL ,;, VIRGINIA , 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 lark Bank of New York, in New York City, at the option of the holder hereof, one thousand dollars (41,000.00) in United States currency, on the first day of Decomber, 1963 on the surrender of this bond with interest at the rate of 5% per annum payable seri-annually on the first day of June and December of each year, on the presentation of tile. respective coupons for such interest hereto attached. This bond is one of a series of twenty five bonds of one thousand dollars ($1,000.00) each, numbered one to twenty five, inclusive, issued in pursuance of an ordinance adopted by the Council of the City of Charlottesville, Virginia on March 5, 1923 and ap!Jroved by the affirmative vote of the majority of the qualified voters of the City of Charlottesville, Virginia who voted upon the question of their issuance at an election held for that purpose on April 10, 1923 and in accordance With the law of Virginia, the whole series being known as "Armory Improvement Bonds." While this bond, or any of the bonds of the issue of which it is a part, shall remain outstanding and unpaid there shall annually be levied on all tax- able property 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 RECITED AND DECLARED that all acts, conditions and things required to be done, to have happened or to exist, precedent; to and. in the insurance of this bond, have been properly done, have happened and have been