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itiAYOR OF THE CITY OF CHARLOTTESVILLE ATTEST: CLERK OF THE COUNCIL OF THE CITY OF CHARLOTTESVILLE TREASURER OF THE CITY OF CHARLOTTESVILLE HERETOFORE ISSUED - FORM OF COUPON ON ACCOUNT OF SAID UNDERTAKING, AND IT IS FURTHER DETERMINED THAT FOR A No. FIVE YEARS FROM APRIL 11, 1950, SAID '275,000.00 GAS IMPROVEMENT THE CITY OF CHARLOTTESVILLE, VIRGINIA, WILL PAY ON THE FIRST DAY OF 1950, BEING ISSUED PURSUANT TO 19_, TO THE BEARER HEREOF, AT THE OFFICE OF THE CITY TREASURER BEING THE SEIIII-ANNUAL INSTALLMENT OF INTEREST ON ITS GAS OF THE IMPROVEMENT BOND, SERIES OF 1950, DATED JULY 1, 1950, AND NUMBEREr. _ 0 CITY TREASURER THE BLANKS IN THE ABOVE FORM OF BOND AND COUPON SHALL BE FILLED IN WITH THE RESPECTIVE NUMBERS, DATES AND AMOUNTS AS SET FORTH AND PROVIDED FOR IN PARAGRAPH I OF THIS ORDINANCE. III. THAT THE SAID BONDS SHALL BE SIGNED BY THE MAYOR AND THE TREASURER OF SAID CITY, SHALL HAVE THE CORPORATE SEAL OF THE CITY OF CHARLOTTESVILLE AFFIXED THERETO, AND SHALL BE ATTESTED BY THE CLERK OF THE COUNCIL, AND THE COUPONS SHALL BE AUTHENTICATED BY THE LITHOGRAPHED FACSIMILE OF THE SIGNATURE OF THE CITY TREASURER, WHICH IS HEREBY DECLARED TO BE IN ALL RESPECTS THE EQUIVALENT TO THE MANUAL SIGNING THEREOF BY SAID TREASURER. IV. THAT THE FINANCE COMMITTEE OF THE CITY BE AND IT 1S HEREBY AUTHORIZED TO PREPARE AND DISPOSE OF THE ISSUE AS A WHOLE OR IN INSTALLMENTS, AT PAR OR MORE, ANY SALE TO BE RATIFIED AND APPROVED BY THE COUNCIL, V. THAT THE PROCEEDS OF THIS ENTIRE ISSUE OF SAID BONDS SHALL BE USED EXCLUSIVELY FOR THE CONSTRUCTION OF A NATURAL GAS PIPE LINE FOR THE TRANSMISSION OF NATURAL GAS TO SAID CITY AND FOR THE PURPOSE OF CONVERTING THE GAS DISTRIBUTION SYSTEM TO NATURAL GAS, AND THE ENTIRE PROCEEDS OF THE SALE OF SAID BONDS SHALL BE PLACED TO THE CREDIT OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, WHO SHALL DISBURSE THE SAME UPON PROPER WARRANTS FOR THE PURPOSES AFORESAID. • V1. IT IS HEREBY DETERMINED THAT THE EARNINGS OF THE GAS DISTRIBUTION SYSTEM OF THE CITY OF CHARLOTTESVILLE, WHICH IS TO BE IMPROVED BY THE CONSTRUCTION OF SAID PIPE LINE AND THE CONVERSION TO NATURAL GAS WITH THE PROCEEDS OF SAID BOND ISSUE, ARE SUFFICIENT TO PAY FOR COST OF OPERATION AND ADMINISTRATION, INCLUDING INTEREST ON BONDS HERETOFORE ISSUED THEREFOR, AND THE COST OF INSURANCE AGAINST LOSS BY INJURY TO PERSONS OR PROPERTY, AND AN ANNUAL AMOUNT TO BE COVERED INTO A SINKING FUND SUFFICIENT TO PAY, AT OR BEFORE MATURITY, ALL BONDS HERETOFORE ISSUED ON ACCOUNT OF SAID UNDERTAKING, AND IT IS FURTHER DETERMINED THAT FOR A PERIOD OF FIVE YEARS FROM APRIL 11, 1950, SAID '275,000.00 GAS IMPROVEMENT BONDS, SERIES OF 1950, BEING ISSUED PURSUANT TO THE PROVISIONS OF SECTION 127 (B) OF THE CONSTI- TUTION OF VIRGINIA, SHALL NOT BE INCLUDED IN DETERMINING THE LIMITATION OF THE POWER OF THE CITY OF CHARLOTTESVILLE TO INCUR INDEBTEDNESS. 0