1953 ORDINANCES - Laserfiche WebLink

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(3) THAT SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES (NOT, HOWEVER, EXCEEDING TWO (2) RATES) NOT EXCEEDING FIVE (5) 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 TREASURE" OF THE CITY OF CHARLOTTESVILLE; (G) THAT THERE SHALL BE LEVIED IN EACH YEAR WHILE ANY OF SAID BONDS ARE OUTSTANDING OR UN- PAID A TAX UPON ALL THE TAXABLE PROPERTY IN THE CITY OF CHARLOTTESVILLE SUFFICIENT TO PAY INTEREST AND PRINCIPAL OF THE SAID BONDS AS THE SAME BECOME DUE AND THAT THE FULL FAITH AND CREDIT OF THE CITY SHALL BE PLEDGED TO SECURE PAYMENT OF THE PRINCIPAL AND INTEREST OF SAID BONDS. (T) 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 THE PROCEEDS OF THE ENTIRE ISSUE OF SAID BONDS SHALL BE USESEXCLUSIVELY FOR THE PURPOSES AS SET FORTH IN THE PREAMBLE HERETO AND THE ENTIRE PROCEEDS OF THE SALE OF SAID BONDS SHALL AT ONCE BE SUBJECT TO THE CALL OF THE SCHOOL BOARD AS NEEDED AND SHALL BE PAID UPON PROPER WARRANTS DRAWN BY SAID SCHOOL BOARD UPON THE TREASURER OF THE CITY OF CHARLOTTESVILLI: (9) THAT IT IS HEREBY ORDERED THAT AN ELECTION BE HELD ON THE 18TH DAY OF AUGUST, 1953, AT WHICH QUALIFIED VOTERS MAY VOTE FOR OR AGAINST SANCTIONING THE SAID ISSUE OF NINE HUNDRED AND FIFTY THOUSAND DOLLARS ($9509000.00) 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 ACCORDANCE WITH SECTION 24 - 1419 CODE OF VIRGINIA. SAID ELECTION SHALL BE HELM IN ACCORDANCE WITH SECTION 27 OF THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE STATE OF VIRGINIA REGARDING ELECTIONS BY THE PEOPLE. (10) THE TREASURER SHALL PREPARE SUFFICIENT CERTIFIED COPIES OF A LIST OF THE QUALIFIED TAXPAYERS IN THE CITY OF CHARLOTTESVILLE WHO PAY A TAX ON REAL OR PERSONAL PROPERTY ASSESSED AT $500.00 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 FURNISHED. SAID ELECTION OFFICIALS IN EACH VOTING PRECINCT SHALL PROVIDE, AT THE EXPENSE OF THE CITY, TWO BALLOT BOXES, ONE TO BE USED FOR THE PURPOSE OF ENABLING THOSE HAVING THE AFORESAID PROPERTY QUALIFICATIONS TO CAST THEIR BALLOT THEREIN, AND THE OTHER TO BE USED FOR THE PURPOSE OF ENABLING THOSE WHO DO NOT HAVE THE ABOVE PROPERTY QUALIFICATIONS TO CAST THEIR BALLOT THEREIN. THE ELECTION OFFICIALS SHALL COUNT SAID BALLOTS AND CERTIFY AS PROVIDED FOR BY SECTION 27 OF SAID CHARTER AND THE LAWS OF THE STATE OF VIRGINIA, WHETHER OR NOT A MAJORITY OF THE VOTES CAST BY ALL THOSE VOTING AT SAID ELECTION IS IN THE AFFIRMATIVE, AND WHETHER OR NOT A MAJORITY OF THE VOTES OF THOSE PERSONS WHO PAY A TAX ON REAL OR PERSONAL PROPERTY ASSESSED AT $500.00 OR MORE IS IN THE AFFIRMATIVE, AND THE NUMBER OF VOTES CAST FOR AND AGAINST IN EACH INSTANCE. (11) THAT THE MAYOR OF SAID CITY BE AND HE IS HEREBY AUTHORIZED AND DIRECTED TO GIVE THE REQUIRED NOTICE BY PUBLISHING NOTICE TOGETHER WITH COPY OF THIS ORDINANCE IN A NEWSPAPER PUBLISHED IN THE CITY OF CHARLOTTESVILLE FOR FOUR SUCCESSIVE WEEKS OF THE HOLDING OF SAID ELECTION, AND RECORD SAID NOTICE IN THE BOOK KEPT FOR THAT PURPOSE IN ACCORDANCE WITH THE PROVISIONS OF SECTION 27 OF SAID CITY CHARTER. L • • 0