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234 one to one hundred fifty inclusive; that they be in denominations of One Thousand Dollars ($1,000.00) each; that said bonds and interest thereon shall be made payable at the office of the City Treasurer in the City of Charlottesville, as follows: $5,000.00 of said issue shall mature annually two to five years after the date thereof; ,lo,000.00 of said issue shall mature annually six to eighteen years after the date thereof; All of the said bonds shall bear interest at a rate not exceeding 5% per annum, payable semi-annually on the first day of January and July in each year according to the tenor of coupons for semi-annual interest payments to be thereto attached, the exact rate of interest to be determined by the rate named by the bid which is accepted by the Finance Committee and approved by the Council. II. That said bonds and the coupons thereto attached shall be substantially of the following form and tenor. No. - FORM[ OF BOND - UNITED STATES OF AMERICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE GENERAL IMPROVEMENT BOND - SERIES OF 1939 The City of Charlottesville promises to pay to bearer ONE THOUSAND DOLLARS $ 1000.00 in lawful money of the United States on the day of l9_, on the surrender of this bond, with interest at the rate of per annum, payable semi-annually on the first day of and 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 bona is one of an issue of One Hundred Fifty Thousand Dollars ($150,000.00), issued by the City of Charlottesville for the purpose of extending, expanding and otherwise improving the sewer, water, gas and street systems of said City. 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 March 20th, 1939, and spread in Ordinance Book 2, p. 219 - 211 and approved by the voters of the City at a Special Election held for that purrose on April 25th, 1939, in accordance with the Charter of the City of Charlottes- ville, and the Laws of the State of Virginia, and the full faith and credit of the City 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 and of the issue of which it forms a part does not exceed the debt limit prescribed by the Constitution or Statutes of the State of Virginia. 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, debt or demands due the City. 1 1 1 1