1949 ORDINANCES - Laserfiche WebLink

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(2) THAT SAID BONDS SHALL BE 875 IN NUMBER, NUMBERED 1 TO 875, INCLUSIVE, IN THE SUM OF $1,000.00 EACH, OF WHICH NUMBERS 1 TO 650, INCLUSIVE, SHALL BE DATED MAY 1, 1949, AND PAYABLE TO BEARER SERIALLY AS FOLLOWS: BONDS AGGREGATING $30,000.00 SHALL BE PAYABLE ANNUALLY ON THE FIRST DAY OF MAY IN EACH YEAR FROM 1950 TO 1959, BOTH INCLUSIVE, AND BONDS AGGREGATING $35,000.00 SHALL BE PAYABLE ANNUALLY ON THE FIRST DAY OF MAY IN EACH YEAR FROM 1960 TO 1969, BOTH INCLUSIVE; AND BONDS NUMBERED 651 TO 875, INCLUSIVE, SHALL BE DATED ON SUCH DATE AS THE FINANCE COMMITTEE SHALL DETERMINE UPON SALE OF THE SAID BONDS AND SHALL BE PAYABLE TO BEARER SERIALLY AS FOLLOWS: BONDS AGGREGATING $10,000.00 SHALL BE PAYABLE ANNUALLY ON THE FIRST TO FIFTEENTH ANNIVERSARY OF THE DATE OF SAID BONDS, INCLUSIVE, AND BONDS AGGRE- GATING $15,000.00 SHALL BE PAYABLE ANNUALLY ON THE SIXTEENTH TO TWENTIETH ANNIVERSARY OF THE DATE OF SAID BONDS, INCLUSIVE. (3) THAT SAID BONDS SHALL BEAR INTEREST AT A RATE NOT EXCEEDING FIVE PER CENTUM PER ANNUM, PAYABLE SEMI-ANNUALLY, EVIDENCED BY INTEREST COUPONS ATTACHED TO SAID BONDS. (4) THAT THE MAYOR SHALL SIGN SAID BONDS AND AFFIX THERETO THE SEAL OF THE CITY, ATTESTED BY THE CLERK OF THE COUNCIL, AND SAID BONDS SHALL BE COUNTERSIGNED BY THE TREASURER AND THAT THE COUPONS THEREON BE CERTIFIED BY THE FACSIMILE SIGNATURE OF THE TREASURER. (5) THAT SAID BONDS AND THE INTEREST THEREON SHALL BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE. (6) THAT IT IS DETERMINED THAT THE CITY OF CHARLOTTESVILLE WILL DERIVE A REV- ENUE FROM THE PROPOSED IMPROVEMENTS IN SAID WATER SUPPLY, AND THAT THE SAID BONDS WILL BE LIQUIDATED OUT OF SAID REVENUES, AND THAT SAID BONDS WILL BE ISSUED PURSUANT TO THE PROVISIONS OF SECTION 127(B) OF THE CONSTITUTION OF VIRGINIA, AND THAT THE FULL FAITH AND CREDIT OF THE CITY SHALL BE PLEDGED TO SECURE THE PAYMENT OF THE PRINCIPAL AND INTEREST OF SAID BONDS. (7) THAT AFTER THIS BOND ISSUE HAS BEEN AUTHORIZED BY VOTE OF THE PEOPLE, THE FINANCE COMMITTEE OF THE COUNCIL SHALL PREPARE AND DISPOSE OF THE ISSUE IN ITS ENTIRETY AT ONE SALE OR IN SUCH INSTALLMENTS AS MAY BE DEEMED ADVISABLE BY SAID COMMITTEE. ANY SALE OF SAID BONDS SHALL BE RATIFIED AND APPROVED BY THE COUNCIL. (8) THAT IT IS HEREBY ORDERED THAT AN ELECTION BE HELD ON THE 24TH DAY OF MARCH, 1949, AT WHICH QUALIFIED VOTERS MAY VOTE FOR OR AGAINST SANCTIONING THE SAID ISSUE OF $875,000.00 (EIGHT HUNDRED SEVENTY-FIVE THOUSAND DOLLARS) OF BONDS, THAT IS TO SAY: "FOR BOND ISSUE" "AGAINST BOND ISSUE" THE MARKING AND COUNTING OF THE BALLOTS FOR SAID ELECTION SHALL BE IN ACCORD- ANCE WITH SECTION 197(A) OF THE CODE OF VIRGINIA (MICHIE). SAID ELECTION SHALL BE HELD IN ACCORDANCE WITH SECTION 27 OF THE CHARTER OF THE CITY OF CHARLOTTES- VILLE AND THE LAWS OF THE STATE OF VIRGINIA REGARDING ELECTIONS BY THE PEOPLE. (9) THE TREASURER SHALL PREPARE SUFFICIENT CERTIFIED COPIES OF A LIST OF THE TAXPAYERS IN THE CITY OF CHARLOTTESVILLE WHO PAY A TAX ON REAL OR PERSONAL PROPERTY ASSESSED AT $250.00 OR MORE, AND THE SAID COPIES SHALL BE DELIVERED TO THE ELECTION OFFICIALS IN THE SAME MANNER AND NUMBER AS POLL TAX LISTS ARE NOW