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<br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF FIVE HUNDRED THOUSAND DOLLARS OF 5% BONDS
<br />OF THE CITY CF CHARLOTTESVILLE, TO BE KNOWN AS "WATER IMPROV I ENT BONDS, SERIES 1924"
<br />WHEREAS, the issuance of five hundred thousand dollars ($500,000.00) of
<br />bonds of the City of Charlottesville to be known as "Water Improvement Bonds, Series
<br />1924" has been approved by an ordinance adopted by the Council of the City of
<br />Charlottesville. Virginia on October 1st, 1923, and approved by the voters of the said
<br />City at an election held for that purpose on Ilovember 6thJ 1923, in accordance with
<br />the laws of the State of Virginia.
<br />NOW, THEREFORE, B.': IT ORDAINED, by the Council of the City of Charlottesville
<br />that there shall be issued five hundred thousand dollars ($500, OOO.u0) of 51 bonds of
<br />the City of �harlo ttesville, to be known as "A'ater Improvement Bon -is, Series 192411
<br />and payable January 1st, 1958,and bearing interest at the rate of 5% per annum, pay-
<br />able semi-annually on the first days of January and July of each year. Said bonds to be
<br />issued in series of Five Hundred bonds one thousand dollars 01,000.00) each nu b.0
<br />one to five hundred both inclusive.
<br />That the bonds of said issue and the coupons thereto attached shall be
<br />substantially of the following form and tenor:
<br />No. 1
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />"WATER I14PROVEMENT BONDS, 'S-+,RIES 1924".
<br />$1,000.00;
<br />THE CITY OF 4"HARLOTTESVILLE, VIRGINIA, for value received promises to pay
<br />to the bearer hereof, at the office of the Teasurer of the City of Charlottesville,
<br />or at the National Park Bank of New York, in New York, City, at the 6ption of the holder
<br />hereof, one thousand dollars in Unites States Currency, on the first day of January
<br />1958, on the surrender of this bond with the interest at the rate of five per cent per
<br />annum, payable semi-annually on the first days of January and July of each year on the
<br />presentation of the respective coupons for such interest hereto attached.
<br />This bond is one of a serie:3 of five hundered bonds of one thousand dollars
<br />01,000.00) each, numbered one to five hundred both inclusive, issued in pursuance of an
<br />ordinance adopted by the Council of the laity of „harlotte:�viIle. Virginia on October
<br />l:�t, 1923 and approved b,_- the affirmative vote of the majority of the qualified voters
<br />of the City of Chttrlottesvil ie, who voted upon the question of their issuance at an
<br />election held for that prupose on Novem:-er 6th, 1923, and in accordance with the
<br />law of Virginia, the whole series being known as "Water Improvement Bonds, Series, 1926",
<br />Thile this bond, or any of the bonds of whi ch it is a part shall remain
<br />outstanding and unpaid, there shall be levied and collected from all of the users of
<br />City Water a water rate sufficient to provide for the principal and interest as the
<br />same become due and payable.
<br />IT IS HEREBY CERTIFIED. Rr,CITED AND DECLARED, that all acts, conditions and
<br />things required to be done, to have happended or to exist, precedent to and in the
<br />iosuance of this bond, have been properly done, have happened and been performed and do
<br />exist in regular and due time, for and in manner as required by law and in full and
<br />strict compliance with the Constitution and statutues of the State of Virginia, in-
<br />cludin;; the Charter of the City of Charlottesville and that the total indebtedness of
<br />the City of Charlottesville, including this bond and the serie:> of which it forms a part,
<br />does not exceed any limitation prescribed by the constitution or statutes of ,he State
<br />of Virgihia, Including the Charter of the said Cit but is within every debt and other limit
<br />prescribed by law, and the faith, credit, and resources, of the said City of Charlottesville
<br />are hereby irrovocably pledged for the punctual payment of the principal and interest
<br />of this bond according to its tfe=W,.
<br />This bond is exempt from taxation by the City of Charlottesville for its purposes#
<br />and the coupons attached hereto are reffeivable at and after maturity in payment of all
<br />taxes, debts and demands due the City of Charlottesville, Va.
<br />IN ';.ITNESS WHEREOF, the City of Charlottesville. Virginia has caused its seal
<br />to be hereto attached and the dayo�,Clerk of the Council, and Treasurer, have hereunto
<br />subscribed their names this 1st day of January, 1924.
<br />FORM OF COUPON.
<br />Coupon No.
<br />1,18yor of the city
<br />o Charlottesville, Va
<br />Clerk of the
<br />Counc o the City of
<br />Charlo ttesville, Virgani8'
<br />the Cit
<br />Treasurer Ville� Vag
<br />o Charlo tt• s
<br />Bond No.
<br />$25.00
<br />THE CITY OF CHARLOTTESVIL-J, VIRGINIA, will pay on the 1st day of
<br />to the bearer hereof, at the office of the Treasurer of the Said City, or
<br />Park 13ank o -f New York, twenty five dollards in United States Currency the
<br />installment of interest on above " WATER IIAI':1-,OVE1 ,0T BOND, SERIES 1924
<br />July, 1924+1
<br />at the Nati ons
<br />Semi-annu111
<br />This
<br />NO. ,_r._-_ •
<br />
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