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§ 18 CHARTER OF CITY OF CHARLOTTESVILLE § 18
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<br />levy of so much money as in its discretion shall be sufficient to
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<br />meet all just demands against the city. (1928, c. 287, p. 831.)
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<br />The 1928 amendment so changed this section that a comparison here
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<br />is not practical.
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<br />§ 18. Tax levy; persons and property liable; amount;
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<br />additional taxation.
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<br />The levy so made shall be laid on all persons who are residents
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<br />of said city over twenty-one years of age, upon dogs and upon all
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<br />tangible personal and real estate within said city, except such
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<br />persons, personal and real estate as are exempt from taxation un-
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<br />der the laws of this State, and also upon all other such subjects
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<br />within said city as may at the time be assessed with State taxes;
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<br />provided, however, that the tax on real estate and tangible per-
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<br />sonal property shall not exceed in any one year, one dollar and
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<br />eighty-five cents on every hundred dollars value thereof; and pro-
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<br />vided, also that lands while used for agricultural or grazing pur-
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<br />poses included in this charter, at the time they are taxed, may be
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<br />assessed at a lower rate.
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<br />In addition thereto the council of the said city shall provide for
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<br />such levy for the maintenance and operation of the public schools
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<br />and for interest and sinking fund on bonds issued for school purposes
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<br />as may be authorized or provided for by the general laws of the
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<br />State, provided, however, that nothing in this act contained shall
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<br />authorize the imposition of a tax upon intangible personal property
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<br />at a rate in excess of that authorized by general law.
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<br />But nothing contained in this section, as hereby amended, shall
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<br />limit or restrict the power of the city council to levy such additional
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<br />taxation as they may deem necessary for the use and benefit of
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<br />the city; provided, such additional taxation shall be authorized
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<br />and sanctioned by a vote of the qualified voters of said city, in the
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<br />mode and manner prescribed in section twenty-three of this char-
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<br />ter or be authorized by the council by a vote equal to at least two-
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<br />thirds of the total membership.
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<br />Provided, that nothing in this section shall be construed to repeal
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<br />or amend any general law of the State now in effect.
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<br />The 1928 amendment so changed this section that a comparison here
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<br />is not practical.
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<br />Sec. 18½. Appropriations for advertising city.
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<br />The council may each year make appropriation out of the city
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<br />revenues of an amount not exceeding three cents on each one
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<br />hundred dollars of the assessed value of the property in the city
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<br />assessed for taxation for use in purposes which will, in the judg-
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<br />ment of the council, advertise the city.
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<br />This section was added by the amendment of 1928.
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<br />Sec. 19. Licenses and license taxes; regulation of ve-
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<br />hicles for hire.
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<br />License taxes may be imposed by ordinance on businesses,
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<br />trades, professions, and callings and upon the persons, firms, as-
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<br />sociations and corporations, engaged therein and the agents there-
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<br />of, except in cases where taxation by the localities shall be pro-
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<br />hibited by the general law of the State, and nothing herein shall
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<br />be construed to repeal, or amend any general law with respect
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<br />to taxation.
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<br />And this right to require a license and impose a tax thereon
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<br />shall apply to all persons who use the streets of the city for de-
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<br />livery wagons; provided, that the license tax paid by any mer-
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<br />chant to the City of Charlottesville shall, if the council consent, be
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<br />in lieu of any tax on a delivery wagon used by him in said city.
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<br />And said council may also grant or refuse license to owners or
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<br />keepers of wagons, drays, carts, hacks, and other wheeled ve-
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<br />hicles kept or employed in said town for hire or as carriers for
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<br />the public, may prescribe a schedule of charges for their services,
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<br />and may require the owners of such wagons, drays, carts, and so
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<br />forth, using them in the city, to take out a license therefor, and
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<br />require taxes to be paid thereon, and subject same to such other
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<br />regulations as they may deem proper.
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<br />Sec. 20. Collection of revenue; custodian of city funds.
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<br />The revenue from these and other sources shall be collected,
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<br />paid over, and accounted for at such times and to such persons
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<br />as the council shall order, and pursuant to such ordinance as now
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<br />exists or may hereafter be passed by the council.
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<br />The city treasurer shall be the custodian of all the funds of the
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<br />city.
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<br />Sec. 21. Reports of treasurer; publishing.
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<br />The council shall require the treasurer of the said corporation
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<br />to make out a quarterly report of the receipts and expenditures,
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<br />together with a balance sheet of said city for the preceding quar-
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<br />ter, which report shall state on what account the expenditures
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<br />were made, and from what source or sources the receipts were
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<br />derived, which report when approved by the council, or in such
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<br />manner as the council may direct, shall be published in one or
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<br />more newspapers of the city on or before the twentieth day of
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<br />December, March, June and September of each year.
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<br />Sec. 22. Refunding bonds.
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<br />The council of said City of Charlottesville is hereby authorized
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<br />to make and issue the registered or coupon bonds of said corpo-
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<br />ration, payable not exceeding forty years after their date, bearing
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<br />interest at not more than five per centum per annum, payable
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<br />semi-annually; said bonds to be used exclusively in paying off and
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<br />discharging the principal and interest of the present bonded debt
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<br />of the corporation of Charlottesville.
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<br />The said council shall not be authorized to dispose of such bonds
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<br />at less than par value, except by a recorded affirmative vote of all
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<br />the members elected to the council.
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<br />Said registered and coupon bonds shall be regularly numbered,
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<br />signed by the mayor, clerk and treasurer of the city, and recorded
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<br />in a book kept for that purpose.
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<br />Sec. 23. Sinking fund.
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<br />To provide for the payment of the bonded debt of the city there
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<br />shall be set apart annually by the council from the revenues of
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<br />the city such sum as will be sufficient to meet each issue of bonds,
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<br />either heretofore or hereafter issued, as the same shall become
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<br />due, except that for any issue of bonds a definite amount of which
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<br />is payable annually and known as serial bonds, no sum shall be
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<br />so provided; but for such serial bonds, the council shall make in
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<br />their annual budget definite provision for their payment.
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<br />The fund thus set apart shall be paid in two equal installments
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<br />on the first day of January and the first day of July in each year,
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<br />to the sinking fund commissioners hereafter designated, and shall,
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<br />together with the accretions thereto arising from interest on invest-
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<br />ments, etc., be known as the sinking fund, and be held sacred
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<br />ffor the payment of the debt of the city as it shall become due; and
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<br />if no part of said debt be due or payable, said fund shall be
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<br />invested in the bonds or certificates of debt of said city, or of this
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<br />State, or the United States, or of some State of this Union, or any
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<br />other securities which under the laws of the State of Virginia are
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<br />designated and approved for the investment of fiduciary funds;
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<br />said fund shall, in the hands of the treasurer, as to all questions
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<br />of investment, purchase or sale within the limitations of this sec-
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<br />tion, be subject to the orders and management of the mayor, chair-
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<br />man of the finance committee of the council, auditor and treasurer,
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<br />who together shall compose the sinking fund commission. (1934,
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<br />c. 113, p. 159.)
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<br />The 1934 amendment made changes in the latter part of this section
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<br />in regard to the investment of funds.
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<br />Sec. 24. Loans and bonds; debt limitation; bond elections.
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<br />The council of said city may negotiate any loan or loans for
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<br />the purpose of improving the streets, lighting the same, buying
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<br />necessary real estate, erecting public buildings, supplying the city
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<br />with water, sewerage, and for other purposes; and shall have
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<br />authority to issue registered and coupon bonds, as well as serial,
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<br />registered and coupon bonds, for the said loan or loans, payable
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<br />not more than forty years after their date, and said bonds shall
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<br />bear interest at a rate not greater than five per centum,
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<br />payable semi-annually; provided, that the council shall not nego-
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<br />tiate such loan or loans, and issue bonds therefor, for sums which
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<br />when added to the debt of the city then existing, shall cause the
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<br />total indebtedness of the city to be greater than eighteen per cen-
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<br />tum of the assessed valuation of the real estate of the city sub-
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<br />ject to taxation, as shown by the last preceding assessment for
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<br />taxes; provided, however, that in determining the limitation of
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<br />the power of the city to incur indebtedness, there shall not be in-
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<br />cluded the classes of indebtedness mentioned in subsections a and
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