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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. 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 ACCORDING TO THE TENOR OF COUPONS FOR SEMI-ANNUAL INTEREST 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.
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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 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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