1954 ORDINANCES - Laserfiche WebLink

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($40,000.00) SHALL ALL BE PAYABLE ANNUALLY ON THE FIRST DAY OF NOVEMBER IN EACH YEAR FROM 1969 TO 1973, BOTH INCLUSIVE. SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT, HOWEVER, EXCEEDING TWO RATES, AND NOT EXCEEDING FIVE (5) PER CENTUM PER ANNUM, PAYABLE SEMI-ANNUALLY ACCORDING TO THE TENOR OF COUPONS FOR SEMI-ANNUAL PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES OF INTEREST TO BE DETERMINED BY THE RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE FINANCE COMMITTEE AND APPROVED BY THE COUNCIL. 2. THAT SAID BONDS AND THE COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE FOLLOWING FORM AND TENOR: - FORM OF BOND - UNITED STATES OF AMERICA STATE OF VIRGINIA CITY OF CHARLOTTESVILLE SCHOOL IMPROVEMENT BOND—SERIES OF 1953 No. ___ THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO BEARER ONE THOUSAND DOLLARS IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF NOVEMBER, 19__, ON THE SURRENDER OF THIS BOND, WITH INTEREST AT THE RATE OF ___ PER CENTUM PER ANNUM, PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF NOVEMBER AND MAY IN EACH YEAR, ON PRESENTATION OF THE COUPONS $1,000.00 HERETO ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA, THIS BOND IS ONE OF AN ISSUE OF NINE HUNDRED FIFTY THOUSAND DOLLARS ($950,000.00) ISSUED BY THE CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION OF AND ADDITIONS TO SCHOOL BUILDINGS IN THE SAID CITY. THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF, AND IN FULL CONFORMITY WITH AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED JUNE 15, 1953, AND SPREAD IN ORDINANCE BOOK 3, PAGES 181-183 AND APPROVED BY THE VOTERS OF THE CITY AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON AUGUST 18, 1953, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE STATE OF VIRGINIA, AND THE FULL FAITH AND CREDIT OF THE CITY ARE PLEDGED FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST HEREOF. IT IS HEREBY CERTIFIED THAT ALL THE REQUIREMENTS OF LAW HAVE BEEN FULLY COMPLIED WITH BY THE PROPER OFFICERS IN ISSUING THIS BOND, AND THAT THE TOTAL AMOUNT OF THIS BOND AND OF THE ISSUE OF WHICH IT FORMS A PART DOES NOT EXCEED THE DEBT LIMIT PRESCRIBED BY THE CONSTITUTION OR STATUTES OF THE STATE OF VIRGINIA. IN WITNESS WHEREOF THE CITY OF CHARLOTTESVILLE HAS CAUSED ITS SEAL TO BE HEREUNTO AFFIXED, AND THE MAYOR, CLERK OF THE COUNCIL, AND TREASURER HAVE HEREUNTO SUBSCRIBED THEIR NAMES THIS FIRST DAY OF NOVEMBER, 1953. _______________________________ MAYOR OF THE CITY OF CHARLOTTESVILLE ATTEST: _______________________________ CLERK OF THE COUNCIL OF THE CITY OF CHARLOTTESVILLE _______________________________ TREASURER OF THE CITY OF CHARLOTTESVILLE