1935 ORDINANCES - Laserfiche WebLink

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This bond is exempt from taxation by the City, and the coupons hereto attached are receivable at and after maturity in payment of all taxes, debts or demands due the City. IN Y11TNESS WHEREOF the Cite of Charlottesville has caused its seal to be hereunto affixed, and the Mayor, Clerk of the Council, and Treasurer, have hereunto subscribed their names this first day of July, 1935o No. ayvr of the City of Charlot esville Clerk of the Council -of the City of Charlot esville Treasurer of the City of Charlottesville - FORI OF COUPON - $12.50 Bond No. The City of Charlottesville, Virginia, will pay on the first day of ,19 , to the bearer hereof, at the office of the City Treasurer TWELVE DOLLARS AND FIFTY CENTS being the semi-annual installment of interest on Refunding Reservoir Bonds issued July 1, 1935. This coupon is receivable for all taxes, debts or demands due the City of Charlottesville. City Treasurer The blanks in the above form of bond and coupon shall be filled in with the respective dates as set forth in Paragraph I of this ordinance. III. That the said bonds shall have the said Corporate Seal of the City of Charlottesville, Virginia, affixed thereto, and shall be signed by the Mayor, the Clerk of the Council, and the Treasurer of said City, and the coupons shall be authenticated by the lithographed facsimile of the signature of the Cit, Treasurer which is hereby declared to be in all respects the equivalent to the manual signing thereof by said Treasurer. TV. That the Finance Committee of the City be and is hereby given absolute power to act on behalf of the City in selling at par or more the whole of said bond issue or any part thereof. V. That for the purpose of issuing said bonds in place of said issue to be redeemed thereby, and securing the application of proceeds thereof to said purpose, the aforesaid officers of the City are hereby authorized and directed to execute said bonds as aforesaid, and upon said bonds being sold said officers shall deposit same with the Treasurer of the City of Charlottesville to be held by said depository in escrow, for the delivery of same to the purchaser upon payment by them in accordance with the terms of their purchase, when and as the bonds which are to be redeemed by this issue shall be presented and paid at the office of the City Treasurer in such manner, bond by bond, so that there shall at no time be outstanding an aggregate of said two issues exceeding the said amount of $160,000.00. VI. That so long as the said bonds or any of them shall remain outstanding and unpaid there shall annually be levied on all taxable property of the City a tax sufficient to provide for the payment of the principal and interest as the same becomes due and payable. VII. This ordinance shall take effect immediately. Clerk Adopted by the Council May 23, 1935 kres: Mr. Fife, Dr. Haden, Mr. Huff, Mr. Jessup, and Mr. Twyman. Noes: None. President 1 1 1 1 1