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21 CHARTER OF CITY OF CHARLOTTESVILLE § 23
<br />Sec. 21. Reports of treasurer; publishing.
<br />The council shall require the treasurer of the said corporation
<br />to make out a quarterly report of the receipts and expenditures,
<br />together with a balance sheet of said city for the preceding quar-
<br />ter, which report shall state on what account the expenditures
<br />were made, and from what source or sources the receipts were
<br />derived, which report when approved by the council, or in such
<br />manner as the council may direct, shall be published in one or
<br />more newspapers of the city on or before the twentieth day of
<br />December, March, June and September of each year.
<br />Sec. 22. Refunding bonds.
<br />The council of said City of Charlottesville is hereby authorized
<br />to make and issue the registered or coupon bonds of said corpo-
<br />ration, payable not exceeding forty years after their date, bearing
<br />interest at not more than five per centum per annum, payable
<br />semi-annually; said bonds to be used exclusively in paying off and
<br />discharging the principal and interest of the present bonded debt
<br />of the corporation of Charlottesville. The said [council] * coun-
<br />cils shall not be authorized to dispose of such bonds at less than
<br />par value, except by a recorded affirmative vote of all the members
<br />elected to the council. Said registered and coupon bonds shall be
<br />regularly numbered, signed by the mayor, clerk and treasurer of
<br />the city, and recorded in a book kept for that purpose.
<br />Sec. 23. Sinking fund.
<br />To provide for the payment of the bonded debt of the city there
<br />shall be set apart annually by the council from the revenues of
<br />the city such sum as will be sufficient to meet each issue of bonds,
<br />either heretofore or hereafter issued, as the same shall become
<br />due, except that for any issue of bonds a definite amount of which
<br />is payable annually and known as serial bonds, no sum shall be
<br />so provided; but for such serial bonds the council, shall make in
<br />their annual budget definite provision for their payment. The
<br />•In the original act the word "councils" appears but it is obvious
<br />that the word "council" was intended.
<br />21
<br />357
<br />§ 18y, CHARLOTTESVILLr CITY CODE § 20
<br />Sec. 181/2. Appropriations for advertising city.
<br />The council may each year make appropriation out of the city
<br />revenues of an amount not exceeding three cents on each one
<br />hundred dollars of the assessed value of the property in the city
<br />assessed for taxation for use in purposes which will, in the judg-
<br />ment of the council, advertise the city. (1928, c. 287, p. 832.)
<br />This section was added by the amendment of 1928.
<br />Sec. 19. Licenses and license taxes; regulation of ve-
<br />hicles for hire.
<br />License taxes may be imposed by ordinance on businesses,
<br />trades, professions, and callings and upon the persons, firms, as-
<br />sociations and corporations, engaged therein and the agent there-
<br />of, except in cases where taxation by the localities shall be pro-
<br />hibited by the general law of the State, and nothing herein shall
<br />be construed to repeal, or amend any general law with respect
<br />to taxation.
<br />And this right to require a license and impose a tax thereon
<br />shall apply to all persons who use the streets of the city for de-
<br />livery wagons; provided, that the license tax paid by any mer-
<br />chant to the City of Charlottesville shall, if the council consent, be
<br />in lieu of any tax on a delivery wagon used by him in said city.
<br />And said council may also grant or refuse license to owners or
<br />keepers of wagons, drays, carts, hacks, and other wheeled ve-
<br />hicles kept or employed in said town for hire or as carriers for
<br />the public, may prescribe a schedule of charges for their services,
<br />and may require the owners of such wagons, drays, carts, and so
<br />forth, using them in the city, to take out a license therefor, and
<br />require taxes to be paid thereon, and subject same to such other
<br />regulations as they may deem proper.
<br />Sec. 20. Collection of revenue; custodian of city funds.
<br />The revenue from these and other sources shall be collected,
<br />paid over, and accounted for at such times and to such persons
<br />as the council shall order, and pursuant to such ordinance as now
<br />exists or may hereafter be passed by the council. The city treas-
<br />urer shall be the custodian of all the funds of the city.
<br />20
<br />§ 24 CHARLOTTESVILLE CITY CODE § 24
<br />fund thus set apart shall be paid in two equal installments on the
<br />first day of January and the first day of July in each year, to the
<br />sinking fund commissioners hereafter designated, and shall, to-
<br />gether with the accretions thereto arising from interest on invest-
<br />ments, et cetera, be known as the sinking fund, and be held sacred
<br />for the payment of the debt of the city as it shall become due; and
<br />if no part of said debt be due or payable, said fund shall be in-
<br />vested in the bonds or certificates of debt of said city, or of this
<br />State, or the United States, or of some State of this Union, or any
<br />other securities which under the laws of the State of Virginia are
<br />designated and approved for the investment of fiduciary funds;
<br />said fund shall, in the hands of the treasurer, as to all questions
<br />of investments, purchase or sale within the limitations of this sec-
<br />tion, be subject to the orders and management of the mayor, chair-
<br />man of the finance committee of the council, auditor and treasurer,
<br />who together shall compose the sinking fund commission. (1934,
<br />c. 113, p. 159.)
<br />The 1934 amendment made changes in the latter part of this section
<br />in regard to the investment of funds.
<br />Sec. 24. Loans and bonds; debt limitation; bond elections.
<br />The council of said city may negotiate any loan or loans for
<br />the purpose of improving the streets, lighting the same, buying
<br />necessary real estate, erecting public buildings, supplying the city
<br />with water, sewerage, and for other purposes; and shall have
<br />authority to issue registered and coupon bonds, as well as serial,
<br />registered and coupon bonds, for the said loan or loans, payable
<br />not more than forty years after the date of said bonds, and said
<br />bonds shall bear interest at a rate not greater than five per centum,
<br />payable semi-annually; provided, that the council shall not nego-
<br />tiate such loan or loans, and issue bonds therefor, for sums which
<br />when added to the debt of the city . then existing, shall cause the
<br />total indebtedness of the city to be greater than eighteen per cen-
<br />tum of the assessed valuation of the real estate of the city sub-
<br />ject to .taxation, as shown by the last preceding assessment for
<br />taxes; provided, however, that in determining the limitation of
<br />the power of the city to incur indebtedness, there shall not be in-
<br />cluded the classes of indebtedness mentioned in subsections a and
<br />22
<br />§ 18 CHARTER OF CITY OF CHARLOTTESVILLE § 18
<br />levy of so much money as in its discretion shall be sufficient to
<br />meet all just demands against the city. (1928, c. 287, p. 831.)
<br />The 1928 amendment so changed this section that a comparison here
<br />is not practical.
<br />Sec. 18. Tag levy; persons and property liable; amount;
<br />additional taxation.
<br />The levy so made shall be laid on all persons who are residents
<br />of said city over twenty-one years of age, upon dogs and upon all
<br />tangible personal and real estate within said city, except such
<br />persons, personal and real estate as are exempt from taxation un-
<br />der the laws of this State, and also upon all other such subjects
<br />within said city as may at the time be assessed with State taxes;
<br />provided, however, that the tax on real estate and tangible per-
<br />sonal property shall not exceed in any one year, one dollar and
<br />eighty-five cents on every hundred dollars value thereof; and pro-
<br />vided, also that lands while used for agricultural or grazing pur-
<br />poses included in this charter, at the time they are taxed, may be
<br />assessed at a lower rate. In addition thereto the council of the
<br />said city shall provide for such levy for the maintenance and opera-
<br />tion of the public schools and for interest and sinking fund on bonds
<br />issued for school purposes as may be authorized or provided for
<br />by the general laws of the State, provided, however, that nothing
<br />in this act contained shall authorize the imposition of a tax upon
<br />intangible personal property at a rate in excess of that authorized
<br />by general law.
<br />But nothing contained in this section, as hereby amended, shall
<br />limit or restrict the power of the city council to levy such additional
<br />taxation as they may deem necessary for the use and benefit of
<br />the city; provided, such additional taxation shall be authorized
<br />and sanctioned by a vote of the qualified voters of said city, in the
<br />mode and manner prescribed in section twenty-three of this char-
<br />ter or be authorized by the council by a vote equal to at least two-
<br />thirds of the total membership. Provided, that nothing in this sec-
<br />tion shall be construed to repeal or amend any general law of the
<br />State now in effect. (1928, c. 287, p. 831.)
<br />The 1928 amendment so changed this section that a comparison here
<br />is not practical.
<br />19
<br />21 CHARTER OF CITY OF CHARLOTTESVILLE § 23
<br />Sec. 21. Reports of treasurer; publishing.
<br />The council shall require the treasurer of the said corporation
<br />to make out a quarterly report of the receipts and expenditures,
<br />together with a balance sheet of said city for the preceding quar-
<br />ter, which report shall state on what account the expenditures
<br />were made, and from what source or sources the receipts were
<br />derived, which report when approved by the council, or in such
<br />manner as the council may direct, shall be published in one or
<br />more newspapers of the city on or before the twentieth day of
<br />December, March, June and September of each year.
<br />Sec. 22. Refunding bonds.
<br />The council of said City of Charlottesville is hereby authorized
<br />to make and issue the registered or coupon bonds of said corpo-
<br />ration, payable not exceeding forty years after their date, bearing
<br />interest at not more than five per centum per annum, payable
<br />semi-annually; said bonds to be used exclusively in paying off and
<br />discharging the principal and interest of the present bonded debt
<br />of the corporation of Charlottesville. The said [council] * coun-
<br />cils shall not be authorized to dispose of such bonds at less than
<br />par value, except by a recorded affirmative vote of all the members
<br />elected to the council. Said registered and coupon bonds shall be
<br />regularly numbered, signed by the mayor, clerk and treasurer of
<br />the city, and recorded in a book kept for that purpose.
<br />Sec. 23. Sinking fund.
<br />To provide for the payment of the bonded debt of the city there
<br />shall be set apart annually by the council from the revenues of
<br />the city such sum as will be sufficient to meet each issue of bonds,
<br />either heretofore or hereafter issued, as the same shall become
<br />due, except that for any issue of bonds a definite amount of which
<br />is payable annually and known as serial bonds, no sum shall be
<br />so provided; but for such serial bonds the council, shall make in
<br />their annual budget definite provision for their payment. The
<br />•In the original act the word "councils" appears but it is obvious
<br />that the word "council" was intended.
<br />21
<br />357
<br />§ 18y, CHARLOTTESVILLr CITY CODE § 20
<br />Sec. 181/2. Appropriations for advertising city.
<br />The council may each year make appropriation out of the city
<br />revenues of an amount not exceeding three cents on each one
<br />hundred dollars of the assessed value of the property in the city
<br />assessed for taxation for use in purposes which will, in the judg-
<br />ment of the council, advertise the city. (1928, c. 287, p. 832.)
<br />This section was added by the amendment of 1928.
<br />Sec. 19. Licenses and license taxes; regulation of ve-
<br />hicles for hire.
<br />License taxes may be imposed by ordinance on businesses,
<br />trades, professions, and callings and upon the persons, firms, as-
<br />sociations and corporations, engaged therein and the agent there-
<br />of, except in cases where taxation by the localities shall be pro-
<br />hibited by the general law of the State, and nothing herein shall
<br />be construed to repeal, or amend any general law with respect
<br />to taxation.
<br />And this right to require a license and impose a tax thereon
<br />shall apply to all persons who use the streets of the city for de-
<br />livery wagons; provided, that the license tax paid by any mer-
<br />chant to the City of Charlottesville shall, if the council consent, be
<br />in lieu of any tax on a delivery wagon used by him in said city.
<br />And said council may also grant or refuse license to owners or
<br />keepers of wagons, drays, carts, hacks, and other wheeled ve-
<br />hicles kept or employed in said town for hire or as carriers for
<br />the public, may prescribe a schedule of charges for their services,
<br />and may require the owners of such wagons, drays, carts, and so
<br />forth, using them in the city, to take out a license therefor, and
<br />require taxes to be paid thereon, and subject same to such other
<br />regulations as they may deem proper.
<br />Sec. 20. Collection of revenue; custodian of city funds.
<br />The revenue from these and other sources shall be collected,
<br />paid over, and accounted for at such times and to such persons
<br />as the council shall order, and pursuant to such ordinance as now
<br />exists or may hereafter be passed by the council. The city treas-
<br />urer shall be the custodian of all the funds of the city.
<br />20
<br />§ 24 CHARLOTTESVILLE CITY CODE § 24
<br />fund thus set apart shall be paid in two equal installments on the
<br />first day of January and the first day of July in each year, to the
<br />sinking fund commissioners hereafter designated, and shall, to-
<br />gether with the accretions thereto arising from interest on invest-
<br />ments, et cetera, be known as the sinking fund, and be held sacred
<br />for the payment of the debt of the city as it shall become due; and
<br />if no part of said debt be due or payable, said fund shall be in-
<br />vested in the bonds or certificates of debt of said city, or of this
<br />State, or the United States, or of some State of this Union, or any
<br />other securities which under the laws of the State of Virginia are
<br />designated and approved for the investment of fiduciary funds;
<br />said fund shall, in the hands of the treasurer, as to all questions
<br />of investments, purchase or sale within the limitations of this sec-
<br />tion, be subject to the orders and management of the mayor, chair-
<br />man of the finance committee of the council, auditor and treasurer,
<br />who together shall compose the sinking fund commission. (1934,
<br />c. 113, p. 159.)
<br />The 1934 amendment made changes in the latter part of this section
<br />in regard to the investment of funds.
<br />Sec. 24. Loans and bonds; debt limitation; bond elections.
<br />The council of said city may negotiate any loan or loans for
<br />the purpose of improving the streets, lighting the same, buying
<br />necessary real estate, erecting public buildings, supplying the city
<br />with water, sewerage, and for other purposes; and shall have
<br />authority to issue registered and coupon bonds, as well as serial,
<br />registered and coupon bonds, for the said loan or loans, payable
<br />not more than forty years after the date of said bonds, and said
<br />bonds shall bear interest at a rate not greater than five per centum,
<br />payable semi-annually; provided, that the council shall not nego-
<br />tiate such loan or loans, and issue bonds therefor, for sums which
<br />when added to the debt of the city . then existing, shall cause the
<br />total indebtedness of the city to be greater than eighteen per cen-
<br />tum of the assessed valuation of the real estate of the city sub-
<br />ject to .taxation, as shown by the last preceding assessment for
<br />taxes; provided, however, that in determining the limitation of
<br />the power of the city to incur indebtedness, there shall not be in-
<br />cluded the classes of indebtedness mentioned in subsections a and
<br />22
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