|
The blanks in the above bond and coupon shall be filled in with respect to numbers,
<br />
<br />dates and amounts as set forth and provided for in Section 1 of this ordinance.
<br />
<br />SECTION 2. Said bonds shall be signed by the Mayor and Treasurer of said City, and
<br />
<br />attested by the Clerk of the Council under the corporate seal of the City of Charlottes-
<br />
<br />ville, and the coupons shall be authenticated with the facsimile signature of said officers,
<br />
<br />which is hereby declared in all respects the equivalent to the manual signing thereof by
<br />
<br />said officers.
<br />
<br />SECTION 3. The proceeds of this entire issue of bonds shall be used exclusively
<br />
<br />for the redemption of so much of the bonds, described in the preambles to this ordinance,
<br />
<br />as are not redeemed out of funds available for the purpose in the Sinking Fund.
<br />
<br />SECTION 4. So long as said bonds, or any of them, remain outstanding and unpaid,
<br />
<br />there shall annually be levied upon all taxable property in the City a tax sufficient
<br />
<br />to provide for the payment of the principal and interest as the same respectively become
<br />
<br />due and payable.
<br />
<br />SECTION 5. The City of Charlottesville hereby declares its intention to exercise
<br />
<br />its right to redeem the entire amount of the outstanding bonds, described in the preambles
<br />
<br />to this ordinance, on the first day of September 1942, and the Clerk of the Council is
<br />
<br />hereby authorized and directed to cause notice of the call of said bonds for redemption
<br />
<br />to be published in a newspaper published in the City of Charlottesville, Virginia, and in
<br />
<br />a newspaper published in the City of New York, N.Y., once a week for two successive weeks,
<br />
<br />the first publication to be made not later than two (2) days after the delivery of the
<br />
<br />Refunding Bonds authorized by this ordinance and receipt of the purchase price thereof,
<br />
<br />but in any event the first publication of said notice of redemption shall be made not
<br />
<br />later than August 1, 1942.
<br />
<br />SECTION 6. The Clerk of the Council of the City of Charlottesville is hereby
<br />
<br />authorized and directed to cause notice of the sale of Six Hundred Fifty Thousand Dollars
<br />
<br />($650,000.00) Refunding Bonds, Series of 1942, of the City of Charlottesville, to be
<br />
<br />published in The Daily Progress, in the City of Charlottesville, and in Daily Bond Buyer
<br />
<br />in the City of New York, not less than ten (10) days prior to January 30, 1942, at which
<br />
<br />time the Council will meet to receive sealed proposals for said bonds, which notice shall
<br />
<br />be substantially in the following form, to-wit:
<br />
<br />$650,000.00
<br />
<br />Charlottesville, Virginia
<br />
<br />Refunding Bonds
<br />
<br />Series of 1942
<br />
<br />Sealed bids will be received by the City Council of the City of Charlottesville
<br />
<br />until 12 o'clock Noon, Eastern Standard Time, January 30, 1942 (at which time they will
<br />
<br />be publicly opened by the Council in the Council Chamber in the City Hall, Charlottesville,
<br />
<br />Virginia), for the purchase of all but not any part of Six Hundred Fifty Thousand Dollars
<br />
<br />($650,000.00) Refunding Bonds, Series of 1942, of the City of Charlottesville, Virginia,
<br />
<br />dated February 1, 1942, maturing as follows:
<br />
<br />$30,000.00........................August 1, 1943 $35,000.00........................August 1, 1953
<br />
<br />$30,000.00........................August 1, 1944 $35,000.00........................August 1, 1954
<br />
<br />$30,000.00........................August 1, 1945 $35,000.00........................August 1, 1955
<br />
<br />$30,000.00........................August 1, 1946 $35,000.00........................August 1, 1956
<br />
<br />$30,000.00........................August 1, 1947 $35,000.00........................August 1, 1957
<br />
<br />$30,000.00........................August 1, 1948 $35,000.00........................August 1, 1958
<br />
<br />$30,000.00........................August 1, 1949 $35,000.00........................August 1, 1959
<br />
<br />$30,000.00........................August 1, 1950 $35,000.00........................August 1, 1960
<br />
<br />$30,000.00........................August 1, 1951 $35,000.00........................August 1, 1961
<br />
<br />$30,000.00........................August 1, 1952 $35,000.00........................August 1, 1962
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
|