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<br />OR ON ANY OTHER PROPERTY OTHER THAN PROPERTY OWNED BY AN "AUTOMOBILE GRAVEYARD".
<br />SECTION 18-186. ANY PERSON VIOLATING THIS ARTICLE SHALL UPON CONVICTION BE FINED AND/OR
<br />CONFINED AS SET FORTH BY SECTION S OF CHAPTER 1 OF THIS CODE.
<br />C L E R(U
<br />ADOPTED BY THE COUNCIL
<br />MARCH.69 1961
<br />AYES: MR. HAGGERTY, MR. LEE, MR. MICHIE,
<br />MR. MOUNT AND MR. SCRIBNER.
<br />NOES: NONE.
<br />PRE (DENT
<br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF SIX HUNDRED THOUSAND DOLLARS ($600,000.00)
<br />OF BONDS OF THE CITY OF CHARLOTTESVILLE TO BE KNOWN AS "GENERAL IMPROVEMENT BONDS,
<br />SERIES OF 1 961 "
<br />WHEREAS, THE ISSUANCE OF SIX HUNDRED THOUSAND DOLLARS $600,000.00) OF SERIAL BONDS OF THE
<br />CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "GENERAL IMPROVEMENT BONDS, SERIES OF 1961" HAS BEEN APPROVED
<br />BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, ON JANUARY 16, 1961
<br />AND SPREAD IN ORDINANCE BOOK 3, PAGES 403-404, AND ALSO APPROVED BY THE VOTERS OF THE CITY AT AN
<br />ELECTION HELD FOR THAT PURPOSE ON MARCH 7, 1961 IN ACCORDANCE WITH THE CHARTER OF THE CITY OF
<br />CHARLOTTESVILLE, AND THE LAWS OF THE STATE OF VIRGINIA.
<br />NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
<br />(1) THAT THERE SHALL BE ISSUED SIX HUNDRED THOUSAND DOLLARS ($600,000.00) OF SERIAL BONDS
<br />OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "GENERAL IMPROVEMENT BONDS, SERIES OF 1961"; THAT
<br />SAID BONDS SHALL BE IN DENOMINATION OF ONE THOUSAND DOLLARS (1,000.00) EACH, NUMBERED 1 TO 600,
<br />INCLUSIVE, ALL DATED THE FIRST DAY OF APRIL, 1961, AND,MADE PAYABLE TO BEARER SERIALLY AS FOLLOWS:
<br />BONDS AGGREGATING THIRTY THOUSAND DOLLARS ($3031000.00) SHALL BE PAYABLE ANNUALLY ON THE FIRST DAY
<br />OF APRIL IN EACH YEAR FROM 1962 TO 1981, BOTH INCLUSIVE.
<br />ALL OF SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT, HOWEVER, EXCEEDING TWO RATES,
<br />AND NOT EXCEEDING FIVE PER CENTUM (5%) PER ANNUM, PAYABLE SEMI-ANNUALLY ACCORDING TO THE TENOR OF
<br />COUPONS FOR SEMI-ANNUAL INTEREST PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES OF INTEREST
<br />TO BE DETERMINED BY THE RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE FINANCE COMMITTEE
<br />AND APPROVED BY THE COUNCIL.
<br />(2) THAT SAID BONDS AND COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE FOLLOWING
<br />FORM AND TENOR:
<br />- FORM OF BOND -
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />APRIL AND OCTOBER IN EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL AND
<br />INTEREST TO BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, IN
<br />CHARLOTTESVILLE, VIRGINIA.
<br />THIS BOND IS ONE OF AN ISSUE OF SIX HUNDRED THOUSAND DOLLARS ($600,000.00) ISSUED BY THE
<br />CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION OF A NEW CLERK'S OFFICE AND COURTHOUSE AND
<br />FOR STREET IMPROVEMENTS.
<br />GENERAL IMPROVEMENT BOND - SERIES OF
<br />1961
<br />No.
<br />$11000.00
<br />THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO
<br />BEAkER
<br />ONE THOUSAND DOLLARS
<br />IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF APRIL,
<br />19 , ON THE
<br />SURRENDER OF THIS
<br />BOND, WITH INTEREST AT THE RATE OF PER ANNUM, PAYABLE
<br />SEMI-ANNUALLY
<br />ON THE FIRST DAY OF
<br />APRIL AND OCTOBER IN EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL AND
<br />INTEREST TO BE PAYABLE AT THE OFFICE OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, IN
<br />CHARLOTTESVILLE, VIRGINIA.
<br />THIS BOND IS ONE OF AN ISSUE OF SIX HUNDRED THOUSAND DOLLARS ($600,000.00) ISSUED BY THE
<br />CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION OF A NEW CLERK'S OFFICE AND COURTHOUSE AND
<br />FOR STREET IMPROVEMENTS.
<br />
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