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AN ORDINANCE AUTHORIZING THE ISSUANCE OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) OF BONDS OF
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<br /> THE CITY OF CHARLOTTESVILLE TO BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS, SERIES OF 1958".
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<br /> WHEREAS, THE ISSUANCE OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) OF SERIAL BONDS OF THE CITY
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<br /> OF CHARLOTTESVILLE, TO BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS, SERIES OF 1958" HAS BEEN APPROVED
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<br /> BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, ON FEBRUARY 3, 1958 AND
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<br /> SPREAD IN ORDINANCE BOOK 31 PAGES 294-296, AND ADOPTED BY THE VOTERS OF THE CITY AT AN ELECTION HELD
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<br /> FOR THAT PURPOSE ON MARCH 18, 1958 IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND
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<br /> THE LAWS OF THE STATE OF VIRGINIA.
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<br /> NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
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<br /> (1) THAT THERE SHALL BE ISSUED FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) OF SERIAL BONDS OF
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<br />THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS, SERIES OF 1958"; THAT SAID
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<br /> BONDS SHALL BE IN DENOMINATIONS OF ONE THOUSAND DOLLARS ($1,000.00) EACH, NUMBERED 1 TO 500, INCLUSIVE,
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<br />ALL DATED THE FIRST DAY OF MARCH, 1960, AND MADE PAYABLE TO BEARER SERIALLY AS FOLLOWS: BONDS AGGREGATING
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<br /> TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) SHALL BE PAYABLE ANNUALLY ON THE FIRST DAY OF MARCH IN EACH YEAR
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<br /> FROM 1961 TO 1980, BOTH INCLUSIVE.
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<br />ALL OF SAID BONDS SHALL BEAR INTEREST AT THE RATE OR RATES NOT, HOWEVER,
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<br /> EXCEEDING TWO RATES, AND NOT EXCEEDING FIVE PER CENTUM (5%) PER ANNUM, PAYABLE SEMI-ANNUALLY
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<br /> ACCORDING TO THE TENOR OF COUPONS FOR SEMI-ANNUAL INTEREST PAYMENTS TO BE THERETO ATTACHED,
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<br />THE EXACT RATE OR RATES OF INTEREST TO BE DETERMINED BY THE RATE OR RATES NAMED BY THE BID WHICH
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<br /> IS ACCEPTED BY THE FINANCE COMMITTEE AND APPROVED BY THE COUNCIL.
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<br /> (2) THAT SAID BONDS AND COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE FOLLOWING FORM AND
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<br />TENOR:
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<br /> "FORM OF BOND"
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<br /> UNITED STATES OF AMERICA
<br /> STATE OF VIRGINIA
<br /> CITY OF CHARLOTTESVILLE
<br /> SEWERAGE IMPROVEMENT BOND - SERIES OF 1958
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<br /> NO. ________________________________ $1,000.00
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<br /> THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO BEARER
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<br />ONE THOUSAND DOLLARS
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<br /> IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF MARCH, 19__ ON THE SURRENDER OF
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<br /> THIS BOND, WITH INTEREST AT
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<br />THE RATE OF __% PER ANNUM, PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF MARCH AND SEPTEMBER IN EACH YEAR,
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<br />ON PRESENTATION OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE OFFICE
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<br />OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA.
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<br /> THIS BOND IS ONE OF AN ISSUE OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), ISSUED BY THE CITY OF
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<br />CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION OF A SEWERAGE DISPOSAL PLANT WITH APPURTENANCES
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<br /> ON MOORE'S CREEK NEAR THE RIVANNA RIVER IN ALBEMARLE COUNTY, VIRGINIA, A SHORT DISTANCE FROM THE CITY
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<br /> LIMITS OF CHARLOTTESVILLE AND INCLUDING THE INSTALLATION OF ADDITIONAL COLLECTING SEWERAGE LINES FOR
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<br />THE CITY OF CHARLOTTESVILLE.
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<br /> THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF, AND IN FULL CONFORMITY
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<br /> WITH AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED FEBRUARY 3, 1958 AND SPREAD
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<br /> IN ORDINANCE BOOK 31, PAGES 294-296 AND APPROVED BY THE VOTERS OF THE CITY AT AN ELECTION HELD FOR THAT
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<br /> PURPOSE ON MARCH 18, 1958, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE, AND THE LAWS
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<br /> OF THE STATE OF VIRGINIA INCLUDING CHAPTER 19.1 OF THE CODE OF VIRGINIA OF 1950, AS AMENDED, AND THE FULL
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<br /> FAITH AND CREDIT OF THE CITY ARE PLEDGED FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST HEREOF.
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<br /> IT IS HEREBY CERTIFIED THAT ALL THE REQUIREMENTS OF LAW HAVE BEEN FULLY COMPLIED WITH BY THE
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<br />PROPER OFFICERS IN ISSUING THIS BOND, AND THAT THE TOTAL AMOUNT OF THIS BOND AND OF THE ISSUE OF WHICH
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<br /> IT FORMS A PART DOES NOT EXCEED THE DEBT LIMIT PRESCRIBED BY THE CONSTITUTION OR STATUTES OF THE STATE
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<br /> OF VIRGINIA.
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<br /> IN WITNESS WHEREOF THE CITY OF CHARLOTTESVILLE HAS CAUSED ITS SEAL TO BE HEREUNTO AFFIXED AND
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<br /> THE MAYOR, CLERK OF THE COUNCIL, AND TREASURER, HAVE HEREUNTO SUBSCRIBED THEIR NAMES THIS FIRST DAY
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<br />OF MARCH, 1960.
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<br /> MAYOR OF THE CITY OF CHARLOTTESVILLE
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