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TEEREAS, the Council at this meeting has adopted a report of the Finance Comr.:ittee of the City recommending that the aforesaid refunding bonds in the sum of $160,000.00 be issued as hereinafter set forth, NOW, THEREFORE, BE IT ORDAINED BY 713E COUNCIL OF THE CIT- OF CHARLOTTESVILLE: I. That for the purnose of redeeming and liquidating said bonds referred to in the preambles hereof and paying off and discharging the principal and interest of the debt represented thereby, bonds of the City of Charlottesville to the aggregate amount of $160,000.00 be issued; that said bonds be dated July 1, 1935, and numbered X-1 to X-160 inclusive; that they be in denominations of One Thousand Dollars ($1000.00) each and be made payable at the office of the City Treasurer of the City of Charlottesville as follows: All of said bonds shall bear interest at the rate of 212% per annum payable semi-annually on the first day of January and July in each year according to the tenor of coupons for such semi- annual interest payments to be thereto attached. II. That said bonds and coupons thereto attached shall be substantially of the following form and tenor - FORM OF B 014 - UNITED STATES OF AMERICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE No. X- REFUNDING RESERVOIR BONDS $1000.00 ' The City of Charlottesville promises to pay to bearer ONE THOUSAND DOLLARS in lawful money of the United States on the first day of July, 19 , on the surrender of this bond, with interest at the rate of 22 per annum, payable semi-annually on the first day of January and July in each year, on presentation of the coupons hereto attached, both principal and interest to be payable at the office of the Treasurer of the City of Charlottesville, in Charlottesville, Virginia. This bond is one of an issue of $160,000.00 issued by the City of Charlottesville for the pur-pose of refunding a like amount of valid outstanding bonds of said City, dated January 1, 1907, the whole series of said outstanding bonds being known as the "NEW RESERVOIR LOAN" and being issued in pursuance of an ordinance dated November 2, 1906, and spread in Minute Book D, page 132, and in pursuance of Section 24 of the Charter of the City of Charlottesville, being an Act of the General Assembly of Virginia, approved March 3, 1900, and appearing on page 1137 of the Acts of Assembly of 1899-1900; said bonds having been issued for the purpose of constructing a new reservoir and pipe line, and being payable at the option of the City at any time after ten years from and after their date. This bond is issued by the City of Charlottesville under and by virtue of, and in full conformity with and pursuant to an ordinance of the City of Charlottesville adopted May 25, 1935, and Section 22 of the Charter of the Cite of Charlottesville being an Act of the General Assembly of Virginia, approved Yareh 24, 1922, and appearing on pages 708-9 of the Acts of Assembly of 1922, and the full faith and credit of the Cit, are pledged for the payment of the principal and interest hereof. It is hereby certified that all the requirements of law have been fully complied with by the proper officers in issuing this bond, and that the total amount of this bond does not exceed the debt limit prescribed by the Constitution or Statutes of the State of Virginia. Bonds numbered X-1 to X-32 inclusive, payable one year etfter date. Bonds numbered X-33 to X-64 inclusive, payable two years after date. Bonds Bonds numbered numbered X-65 X-97 to X-96 inclusive, payable three years after date. to X-128 inclusive, payable Pour years after date. Bonds numbered X-129 to X-160 inclusive, payable five years after date. All of said bonds shall bear interest at the rate of 212% per annum payable semi-annually on the first day of January and July in each year according to the tenor of coupons for such semi- annual interest payments to be thereto attached. II. That said bonds and coupons thereto attached shall be substantially of the following form and tenor - FORM OF B 014 - UNITED STATES OF AMERICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE No. X- REFUNDING RESERVOIR BONDS $1000.00 ' The City of Charlottesville promises to pay to bearer ONE THOUSAND DOLLARS in lawful money of the United States on the first day of July, 19 , on the surrender of this bond, with interest at the rate of 22 per annum, payable semi-annually on the first day of January and July in each year, on presentation of the coupons hereto attached, both principal and interest to be payable at the office of the Treasurer of the City of Charlottesville, in Charlottesville, Virginia. This bond is one of an issue of $160,000.00 issued by the City of Charlottesville for the pur-pose of refunding a like amount of valid outstanding bonds of said City, dated January 1, 1907, the whole series of said outstanding bonds being known as the "NEW RESERVOIR LOAN" and being issued in pursuance of an ordinance dated November 2, 1906, and spread in Minute Book D, page 132, and in pursuance of Section 24 of the Charter of the City of Charlottesville, being an Act of the General Assembly of Virginia, approved March 3, 1900, and appearing on page 1137 of the Acts of Assembly of 1899-1900; said bonds having been issued for the purpose of constructing a new reservoir and pipe line, and being payable at the option of the City at any time after ten years from and after their date. This bond is issued by the City of Charlottesville under and by virtue of, and in full conformity with and pursuant to an ordinance of the City of Charlottesville adopted May 25, 1935, and Section 22 of the Charter of the Cite of Charlottesville being an Act of the General Assembly of Virginia, approved Yareh 24, 1922, and appearing on pages 708-9 of the Acts of Assembly of 1922, and the full faith and credit of the Cit, are pledged for the payment of the principal and interest hereof. It is hereby certified that all the requirements of law have been fully complied with by the proper officers in issuing this bond, and that the total amount of this bond does not exceed the debt limit prescribed by the Constitution or Statutes of the State of Virginia.