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ANNUAL TAX LEVY IMPOSING TAXES ON PERSONS AND PROPERTY
<br />FOR THE PAYMENT OF INTEREST AND RETIREMENT ON THE CITY
<br />DEBT, FOR THE SUPPORT OF THE CITY GOVERNMENT AND CITY
<br />SCHOOLS, AND FOR OTHER PURPOSES.
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT FOR THE YEAR BEGINNING ON THE FIRST
<br />DAY OF JANUARY, 1962, AND ENDING THE THIRTY—FIRST DAY OF DECEMBER, 1962, AND EACH YEAR THEREAFTER WHILE THIS
<br />ORDINANCE IS IN FORCE, THE TAXES ON PERSONS AND PROPERTY FOR LOCAL PURPOSES SHALL BE AS FOLLOWS:
<br />GENERAL LEVY:
<br />LAND, LOTS AND BUILDINGS; TANGIBLE PERSONAL PROPERTY AND OTHER PROPERTY.
<br />ON TRACTS OF LAND, LOTS AND IMPROVEMENTS THEREON; ON ALL TANGIBLE PERSONAL PROPERTY AS DEFINED BY
<br />THE CODE OF VIRGINIA, 1950, AS AMENDED; ON ANY TANGIBLE PERSONAL PROPERTY NOT INCLUDED IN THE FOREGOING;
<br />AND, ON ALL PROPERTY ASSESSED FOR CHARLOTTESVILLE TAXATION BY THE STATE CORPORATION COMMISSION, WHICH ARE
<br />NOT EXEMPT FROM LOCAL TAXATION, THE TAX SHALL BE $1.03 (ONE DOLLAR AND THREE CENTS) ON EVERY $100.00
<br />ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST
<br />AND RETIREMENT ON THE CITY DEBT OTHER THAN SCHOOLS; AND, THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY
<br />$100.00 ASSESSED VALUE OF $0.45 (FORTY—FIVE CENTS) TO PAY THE INTEREST AND RETIREMENT ON SCHOOL BONDS AND
<br />$1.82 (ONE DOLLAR AND EIGHTY—TWO CENTS) FOR THE MAINTENANCE AND OPERATION OF THE CITY SCHOOLS; AND $10.20
<br />(TWENTY CENTS) FOR THE PAYMENT OF TUITION GRANTS.
<br />ADOPTED BY THE COUNCIL
<br />APRIL 16, 1962
<br />AYES: MR. HAGGERTY, MR. LEE, MR. MOUNT,
<br />MR. PONTON AND MR. SCRIBNER.
<br />NOES: NONE.
<br />i
<br />CLERK PRESIDENT
<br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF BONDS OF THE
<br />CITY OF CHARLOTTESVILLE IN THE SUM OF THREE MILLION
<br />DOLLARS ($3,0001000.00) FOR THE PURPOSE OF CONSTRUCTION
<br />OF A WATER IMPOUNDMENT DAM, FILTER PLANT AND STORAGE
<br />TANK, WITH APPURTENANCES, ON THE SOUTH FORK OF THE
<br />RIVANNA RIVER IN ALBEMARLE COUNTY, VIRGINIA, ABOUT FOUR
<br />MILES NORTH OF THE CITY LIMITS OF CHARLOTTESVILLE AND
<br />INCLUDING THE INSTALLATION OF SUPPLY LINES TO THE CITY'S
<br />DISTRIBUTION SYSTEM FOR THE CITY OF CHARLOTTESVILLE, FROM
<br />WHICH UNDERTAKING THE CITY OF CHARLOTTESVILLE WILL
<br />DERIVE A REVENUE.
<br />WHEREAS: IT IS DEEMED NECESSARY AND EXPEDIENT THAT THE CITY OF CHARLOTTESVILLE SHOULD ISSUE AND
<br />NEGOTIATE ITS BONDS IN ORDER TO RAISE MONEY FOR THE PURPOSE OF CONSTRUCTION OF A WATER IMPOUNDMENT DAM,
<br />FILTER PLANT AND STORAGE TANK, WITH APPURTENANCES; ON THE SOUTH FORK OF THE RIVANNA RIVER IN ALBEMARLE
<br />COUNTY, VIRGINIA, ABOUT FOUR MILES NORTH OF THE CITY LIMITS OF CHARLOTTESVILLE AND INCLUDING THE INSTALLATION
<br />•
<br />OF SUPPLY LINES
<br />TO THE CITY'S DISTRIBUTION SYSTEM FOR THE CITY
<br />OF CHARLOTTESVILLE, FROM WHICH UNDERTAKING
<br />THE CITY OF CHARLOTTESVILLE
<br />WILL DERIVE A REVENUE; AND
<br />WHEREAS:
<br />THE AMOUNT WHICH IT IS ESTIMATED WILL BE NEEDED
<br />FOR THE IMPROVEMENTS CONTEMPLATED IS THREE
<br />MILLION DOLLARS
<br />($3,000,000.00);
<br />NOW, THEREFORE,
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY
<br />OF CHARLOTTESVILLE, VIRGINIA:
<br />(1) THAT
<br />THE CITY ISSUE AND NEGOTIATE ITS BONDS AGGREGATING
<br />THREE MILLION DOLLARS ($3,000,000.00) FOR
<br />THE UNDERTAKING
<br />AFORESAID, SUCH BONDS TO BE DESIGNATED "WATER
<br />IMPROVEMENT BONDS, SERIES OF 1962";
<br />(2) THAT
<br />SAID BONDS SHALL BE IN SUCH DENOMINATIONS, AND
<br />DATED ON SUCH DAY AND PAYABLE IN SUCH
<br />MATURITIES NOT
<br />EXCEEDING TWENTY (20) YEARS FROM THE DATE THEREOF AS THE COUNCIL SHALL, BY RESOLUTION OR
<br />RESOLUTIONS, FROM TIME TO TIME DETERMINE;
<br />(3) THAT SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES (NOT, HOWEVER, EXCEEDING FOUR (4) RATES)
<br />NOT EXCEEDING FIVE PERCENTUM (5%) PER ANNUM, PAYABLE SEMIANNUALLY AND EVIDENCED BY INTEREST COUPONS ATTACHED
<br />• TO SAID BONDS;
<br />(4) THAT THE MAYOR SHALL SIGN SAID BONDS, THE FACSIMILE SEAL OF THE CITY, ATTESTED BY THE FACSIMILE
<br />SIGNATURE OF THE CLERK OF THE COUNCIL, SHALL BE AFFIXED THERETO AND SAID BONDS SHALL BE COUNTERSIGNED BY
<br />THE FACSIMILE SIGNATURE OF THE TREASURER, AND THAT THE COUPONS THEREON SHALL BE CERTIFIED BY THE FACSIMILE
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