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AN ORDINANCE AUTHORIZING THE ISSUANCE OF
<br />
<br />ONE MILLION TWO HUNDRED THOUSAND DOLLARS
<br />
<br />($1,200,000.00) OF BONDS OF THE CITY OF
<br />
<br />CHARLOTTESVILLE TO BE KNOWN AS “SEWERAGE
<br />
<br />IMPROVEMENT BONDS, SERIES OF 1954”
<br />
<br />
<br />WHEREAS, THE ISSUANCE OF ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000.00)
<br />
<br />OF SERIAL BONDS OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS “SEWERAGE IMPROVEMENT BONDS,
<br />
<br />SERIES OF 1954” HAS BEEN APPROVED BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF
<br />
<br />CHARLOTTESVILLE, VIRGINIA, ON SEPTEMBER 27, 1954, AND SPREAD IN ORDINANCE BOOK 3, PAGES
<br />
<br />213-215, AND ADOPTED BY THE VOTERS OF THE CITY AT AN ELECTION HELD FOR THAT PURPOSE ON
<br />
<br />NOVEMBER 2, 1954, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LAWS
<br />
<br />OF THE STATE OF VIRGINIA.
<br />
<br />
<br />NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
<br />
<br />
<br />(1) THAT THERE SHALL BE ISSUED ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000.00)
<br />
<br />OF SERIAL BONDS OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS “SEWERAGE
<br />
<br />IMPROVEMENT BONDS, SERIES OF 1954”; THAT SAID BONDS SHALL BE IN DENOMINATIONS OF ONE
<br />
<br />THOUSAND DOLLARS ($1,000.00) EACH, NUMBERED 1 TO 1,200, INCLUSIVE, ALL DATED THE 1ST DAY
<br />
<br />OF APRIL, 1955, AND MADE PAYABLE TO BEARER SERIALLY AS FOLLOWS: BONDS AGGREGATING SIXTY
<br />
<br />THOUSAND DOLLARS ($60,000.00) SHALL BE PAYABLE ANNUALLY ON THE 1ST DAY OF APRIL, IN EACH
<br />
<br />YEAR FROM 1956 TO 1975, BOTH INCLUSIVE.
<br />
<br />
<br />ALL OF THE SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT HOWEVER EXCEEDING TWO
<br />
<br />RATES, AND NOT EXCEEDING FIVE PER CENTUM (5%) PER ANNUM, PAYABLE SEMI-ANNUALLY ACCORDING
<br />
<br />TO THE TENOR OF COUPONS FOR SEMI-ANNUAL INTEREST PAYMENTS TO BE THERETO ATTACHED, THE EXACT
<br />
<br />RATE OR RATES OF INTEREST TO BE DETERMINED BY THE RATE OR RATES NAMED IN THE BID WHICH IS
<br />
<br />ACCEPTED BY THE FINANCE COMMITTEE AND APPROVED BY THE COUNCIL.
<br />
<br />
<br />(2) THAT SAID BONDS AND COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF
<br />
<br />THE FOLLOWING FORM AND TENOR:
<br />
<br />
<br /> BEARER
<br />
<br /> FORM OF BOND
<br />
<br /> UNITED STATES OF AMERICA
<br /> STATE OF VIRGINIA
<br /> CITY OF CHARLOTTESVILLE
<br />
<br /> SEWERAGE IMPROVEMENT BOND—SERIES OF 1954
<br /> No. ________
<br />
<br />
<br /> THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO ________________________
<br /> ONE THOUSAND DOLLARS
<br /> $1,000.00
<br />
<br /> IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF ____________, 19____,
<br />
<br /> ON THE SURRENDER OF THIS BOND, WITH INTEREST AT THE RATE OF ________ PER ANNUM,
<br />
<br /> PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF APRIL AND OCTOBER IN EACH YEAR, ON PRESENTATION
<br />
<br /> OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE OFFICE OF THE
<br />
<br /> TREASURER OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA.
<br />
<br />
<br /> THIS BOND IS ONE OF AN ISSUE OF ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000.00),
<br />
<br /> ISSUED BY THE CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION
<br />
<br /> OF A SEWERAGE DISPOSAL PLANT ON MEADOW CREEK NEAR THE RIVANNA RIVER IN ALBEMARLE COUNTY,
<br />
<br /> VIRGINIA, A SHORT DISTANCE FROM THE CITY LIMITS OF CHARLOTTESVILLE AND THE INSTALLATION
<br />
<br /> OF ADDITIONAL COLLECTING SEWERAGE LINES WITHIN AND WITHOUT THE CITY OF CHARLOTTESVILLE.
<br />
<br />
<br /> THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF,
<br />
<br /> AND IN FULL CONFORMITY WITH AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE
<br />
<br /> ADOPTED SEPTEMBER 27, 1954, AND SPREAD IN ORDINANCE BOOK 3, PAGES 213-215, AND APPROVED BY
<br />
<br /> THE VOTERS OF THE CITY AT AN ELECTION HELD FOR THAT PURPOSE ON NOVEMBER 2, 1954,
<br />
<br /> IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE, AND THE LAWS OF THE STATE
<br />
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