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AN ORDINANCE AUTHORIZING THE ISSUANCE OF
<br />ONE MILLION TWO HUNDRED THOUSAND DOLLARS
<br />($11200,000.00) OF BONDS OF THE CITY OF
<br />CHARLOTTESVILLE., TO BE KNOWN AS "SCHOOL
<br />• IMPROVEMENT BONDS, SERIES OF 1957"
<br />WHEREAS, THE ISSUANCE OF ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000.00) OF
<br />SERIAL BONDS OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "SCHOOL IMPROVEMENT BONDS, SERIES
<br />OF 195711, HAS BEEN APPROVED BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE,
<br />El
<br />SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT, HOWEVER, EXCEEDING TWO RATES,
<br />AND NOT EXCEEDING FIVE (5) PER CENTUM PER ANNUMI PAYABLE SEMI-ANNUALLY ACCORDING TO THE
<br />TENOR OF COUPONS FOR SEMI-ANNUAL PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES
<br />OF INTEREST TO BE DETERMINED BY THE RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE
<br />FINANCE COMMITTEE AND APPROVED BY THE COUNCIL.
<br />2. THAT SAID BONDS AND THE COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE
<br />FOLLOWING FORM AND TENOR:
<br />-FORM OF BOND -
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />SCHOOL IMPROVEMENT BOND - SERIES OF 1957
<br />No. $1,000.00
<br />THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO
<br />- - - - - BEARER - - - - -
<br />ONE THOUSAND DOLLARS
<br />IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF OCTOBER, 19 , ON THE SURRENDER
<br />OF THIS BOND, WITH INTEREST AT THE RATE OF PER CENTUM PER ANNUM, PAYABLE SEMI-ANNUALLY
<br />ON THE FIRST DAY OF APRIL AND OCTOBER IN EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO
<br />ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE
<br />CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA.
<br />THIS BOND IS ONE OF AN ISSUE OF ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($11200,000.00
<br />ISSUED BY THE CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF THE CONSTRUCTION OF ADDITIONS AND
<br />IMPROVEMENTS TO SCHOOL BUILDINGS BELONGING TO SAID CITY.
<br />THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF, AND IN FULL
<br />CONFORMITY WITH AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED MAY 27,
<br />1957, AND SPREAD IN ORDINANCE BOOK 3, PAGES 271-272 AND APPROVED BY THE VOTERS OF THE CITY
<br />AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON JULY 16, 1957; IN ACCORDANCE WITH THE CHARTER
<br />OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE STATE OF VIRGINIA, AND THE FULL FAITH AND
<br />CREDIT OF THE CITY ARE PLEDGED FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST HEREOF. .
<br />VIRGINIA,
<br />ON MAY 27,
<br />1957, AND SPREAD IN ORDINANCE
<br />BOOK 3, PAGES 271-272, AND APPROVED BY THE
<br />VOTERS OF
<br />THE CITY AT
<br />A SPECIAL ELECTION HELD FOR THAT
<br />PURPOSE ON JULY 16, 1957, IN ACCORDANCE
<br />WITH THE
<br />CHARTER OF
<br />THE CITY OF CHARLOTTESVILLE AND
<br />THE LAWS OF THE STATE OF VIRGINIA:
<br />NOW,
<br />THEREFORE,
<br />BE IT ORDAINED BY THE COUNCIL
<br />OF THE CITY OF CHARLOTTESVILLE:
<br />1.
<br />THAT THERE
<br />SHALL BE ISSUED ONE MILLION TWO
<br />HUNDRED THOUSAND DOLLARS ($11200,000.00 OF
<br />SERIAL BONDS
<br />OF THE
<br />CITY OF CHARLOTTESVILLE, TO BE
<br />KNOWN AS "SCHOOL IMPROVEMENT BONDS, SERIES
<br />OF 195711,
<br />THAT SAID
<br />BONDS SHALL BE IN DENOMINATIONS
<br />OF ONE THOUSAND DOLLARS, ($1,000.00) EACH,
<br />NUMBERED
<br />1 TO 1200,
<br />INCLUSIVE, ALL DATED OCTOBER 1,
<br />1957, AND PAYABLE TO BEARER SERIALLY AS
<br />FOLLOWS:
<br />BONDS AGGREGATING
<br />SIXTY THOUSAND DOLLARS
<br />($60,000.00) SHALL BE PAYABLE ANNUALLY ON
<br />THE FIRST
<br />DAY OF OCTOBER
<br />IN EACH YEAR FROM 1958 TO
<br />1977, BOTH INCLUSIVE.
<br />El
<br />SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT, HOWEVER, EXCEEDING TWO RATES,
<br />AND NOT EXCEEDING FIVE (5) PER CENTUM PER ANNUMI PAYABLE SEMI-ANNUALLY ACCORDING TO THE
<br />TENOR OF COUPONS FOR SEMI-ANNUAL PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES
<br />OF INTEREST TO BE DETERMINED BY THE RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE
<br />FINANCE COMMITTEE AND APPROVED BY THE COUNCIL.
<br />2. THAT SAID BONDS AND THE COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE
<br />FOLLOWING FORM AND TENOR:
<br />-FORM OF BOND -
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />SCHOOL IMPROVEMENT BOND - SERIES OF 1957
<br />No. $1,000.00
<br />THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO
<br />- - - - - BEARER - - - - -
<br />ONE THOUSAND DOLLARS
<br />IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF OCTOBER, 19 , ON THE SURRENDER
<br />OF THIS BOND, WITH INTEREST AT THE RATE OF PER CENTUM PER ANNUM, PAYABLE SEMI-ANNUALLY
<br />ON THE FIRST DAY OF APRIL AND OCTOBER IN EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO
<br />ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE
<br />CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA.
<br />THIS BOND IS ONE OF AN ISSUE OF ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($11200,000.00
<br />ISSUED BY THE CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF THE CONSTRUCTION OF ADDITIONS AND
<br />IMPROVEMENTS TO SCHOOL BUILDINGS BELONGING TO SAID CITY.
<br />THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF, AND IN FULL
<br />CONFORMITY WITH AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED MAY 27,
<br />1957, AND SPREAD IN ORDINANCE BOOK 3, PAGES 271-272 AND APPROVED BY THE VOTERS OF THE CITY
<br />AT A SPECIAL ELECTION HELD FOR THAT PURPOSE ON JULY 16, 1957; IN ACCORDANCE WITH THE CHARTER
<br />OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE STATE OF VIRGINIA, AND THE FULL FAITH AND
<br />CREDIT OF THE CITY ARE PLEDGED FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST HEREOF. .
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