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AN ORDINANCE AUTHOFJZING THE ISSUANCE OF TWO HUNDERD AND NINETY THOUSAND DOLLARS OF 5% BONDS OF THE CITY OF CHARLOTTESVILLE TO BE KNOWN AS "NEW PUBLIC SCHOOL IMPROVEMENT BONDS SERIES 1923" WHERAS, the issuance of two hundred and ninety thousand dollars ($290,000.00) of 5% bonds of the City of Charlottesville, to be known as "New Public School Improvement Bonds, Series 1923" has been approved by an ordinance adopted by the Council of the City of Charlottesville, Virginia on March 5th, 1923 and approved by the voters of the City at an election held for that purpose on April 10th, 1923 in accordance with the laws of the State of Virginia. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Char- lottesville that there shall be issued two hundred and ninety thousand dollars ($290,000.00) of 5% bonds of the City of Charlottesville to be known as "New Public School Improvement Bonds, Series 1923" and payable December 1st, 1963 and bearing interest at the rate of 5% per annum payable Semi -Annually on the first days of June and December of each year. Said bonds to be issued in a series of two hundred and ninety (290) bonds of one thousand dollars ($1,000.00) each, numbered one to two hundred and ninety both inclusive. That the bonds of said issue and the coupons thereto attached shall be substantially of the following form and tenon: UNITED STATES OF AMERICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE No. 1 $1,000.00 THE CITY OF CHARLOTTESVILLE, VIRGINIA for value received promises to pay to the bearer hereof, at the office of the Treasurer of the City of Charlottesville; or at the National Park Bank of New York, in New York City, at the option of the holder hereof, one thousand dollars in United States currency, on the first day of December 1963 on the surrender of this bond with interest at the rate of five centum per annum, payable semi-annually on the first days of June and December of each year, on the presentation of the respective coupons for such interest hereto attached. This bond is one tof a series of two hundred and ninety bonds of One Thousand Dollars each, numbered one to two hundred and ninety, both inclusive, issued in pursuance of an Ordinance adopted by the Council of the City of Charlottesville Va on March 5th, 1923 and approved by the affirmative vote of the majority of the qualified voters of the City of Charlottesville who voted upon the question of their issuance at an election held for that purpose on April 10th, 1923 and in accordance With the law of Virginia, the whole series being known as "New Public School Improve ment Bonds, Series 1923. While this bond, or any of the bonds of the issue of which it is a part shall remain outstanding and unpaid there shall banually be levied on all taxable property of the City a tax oufficient to provide for the payment of the principal and interest as the same become due and payable. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions and things required to be done, to have happended or to exist, precedent to and in the issuance of this bond, have been properly done, have happendd and been performed and do exist in regular and due time, for and in manner as required by law and in full