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1930 ORDINANCES
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BOOK 1_OCT 13 1904-APR 18 1932
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1930 ORDINANCES
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3. Other Property. <br /> <br />Upon any pro erty not included in the foregoing, which is not exempt from local taxation <br /> <br />the tax shall be $1.55 for every one hundred dollar of the assessed value thereof, to pay <br /> <br />the general operating expensesof the city government and to pay the interest and sinking fund <br /> <br />on the city debt other than schools. And there shall be levied an additional tax on ever <br /> <br />$100.00 of the assessed value thereof of $0.17 (seventeen cents) to pay the interest and <br /> <br />sinking fund on school bonds and $0.80 (eighty cents) for the maintenance and operating the schools. <br /> <br />Adopted by the Council, September 3, 1929. <br /> <br />Ayes, Messrs. Brown, Watson, Joachim, Morris and Twyman; <br /> <br />Noes, None. <br />Clerk Signature <br />President Signature <br /> <br /> <br />AN ORDIRANCE AUTHORIZING THE ISSUANCE of $675,000.00 OF 5% BONDS OF <br /> <br />THE CITY OF CHARLOTTESVILLE TO BE KNOWN AS GENERAL IMPROVEMENT BONDS <br /> <br />SERIES 1930" <br /> <br />WHEREAS, the issuance of Six Hundred and Seventy Five Thousand ($675,000.00) of 5% <br /> <br />Bonds of the City of Charlottesville to be known as "General Improvement Bonds, Series <br /> <br />1930" has been approved by an ordinance adopted by the Council of the City of Charlottes- <br /> <br />ville, Virginia on September 3rd, 1989 and approved by the voters of said City at an <br /> <br />election held for that purpose on October 8th, 1929, in according to the laws of the <br /> <br />State of Virginia. <br /> <br />IOW, THEREFOR], BE IT ORDAINED, by the Council of the City of Charlottesville that <br /> <br />there shall be issued Sin Hundred and Seventy Five Thousand Dollars ($675,000.00) of 5% <br /> <br />bonds of the City of Charlottesville to be known as "General Improvement Bonds, Series <br /> <br />1930" said bonds shall be payable to bearer serially from one to forty years after date, <br /> <br />$11,000.00 of said issue shall mature annually for the first five years of the forty <br /> <br />year period, $17,000.00 of said issue shall mature annually for the next thirty years <br /> <br />of said forty year period, and $22,000.00 of said issue shall mature annually for the <br /> <br />last five of said forty year period. Said bonds shall be issued in a series of six <br /> <br />hundred and seventy five (675) bonds for One Thousand Dollars ($1,000.00) each., numbered <br /> <br />one to six hundred and Seventy five, both inclusive. Said bonds shall bear Interest <br /> <br />at the rate of 5% per same, payable semi-annually on the first days of January and July <br /> <br />of each year. The interest shall be evidenced by coupons attached to said bonds. <br /> <br />That the bonds of said issue and the coupons thereto attached shall be substantially <br /> <br />in the f of lowing form and tenor: <br /> <br /> <br />UNITED STATES OF AMERICA <br /> <br />STATE OF VIRGINIA <br /> <br />CITY OF CHARLOTTESVILLE <br /> <br />GENERAL IMPROVEMENT BONDS SERIES 1930 <br /> <br />TEL CITY OF CHARLOTTESVILLE, VIRGINIA, for value received promises to pay to the bearer <br /> <br />hereof at the office of the treasurer of the City of Charlottesville or at The Chase National <br /> <br />Bank of the City of Now York, at the option of the holder hereof'one Thousand Dollars <br /> <br />($1000.00) In United States currency on the first day of January 1931, on the surrender of <br /> <br />this bond with interest at the rate of 5% per annum, payable semi-annually on the.first days <br /> <br />of January and July of each year on the presentation of the respective coupons for such 120 <br /> <br />terest hereto attached. <br /> <br />This bond is one of a series of six hundred and seventy five (675) bonds for One Thousand <br /> <br />and Dollars ($1,000.00) each, numbered one to -six hundred and seventy five, both inclusive <br />, <br />Issued In pursuance of an ordinance adopted by the Council of the City of Charlottesville, <br />
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