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GOING; AND, ON ALL PROPERTY ASSESSED FOR CHARLOTTESVILLE TAXATION BY THE STATE CORPORATION COMMISSION,
<br />WHICH IS NOT EXEMPT FROM LOCAL TAXATION, THE TAX SHALL_ BE $1.03 ON EVERY $100.00 ASSESSED VALUE THEREOF
<br />TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND RETIREMENT ON
<br />THE CITY DEBT OTHER THAN SCHOOLS; AND, THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY $100.00 ASSESSED
<br />VALUE OF $0.81 TO PAY THE INTEREST AND RETIREMENT ON SCHOOL BONDS AND SCHOOL IMPROVEMENTS, AND $1.85 FOR
<br />THE MAINTENANCE AND OPERATION OF THE CITY SCHOOLS; AND $0.21 FOR THE PAYMENT OF TUITION GRANTS.
<br />CLERK
<br />ADOPTED BY THE COUNCIL
<br />APRIL 20, 1964
<br />AYES: MR. LEE, MR. MOUNT, MR. PONTON
<br />AND MR. SCRIBNER.
<br />NOES: NONE. (MR. HAGGERTY ABSENT)
<br />AN ORDINANCE AUTHOR I Z I NG THE ISSUANCE OF THREE MILLION
<br />FIVE HUNDRED THOUSAND DOLLARS ($3,500,000.00) OF BONDS
<br />OF THE CITY OF CHARLOTTESVILLE TO BE KNOWN AS "SCHOOL
<br />IMPROVEMENT BONDS, SERIES OF 1963".
<br />WHEREAS, THE ISSUANCE OF THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000.00) OF SERIAL BONDS
<br />OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "SCHOOL IMPROVEMENT BONDS, SERIES OF 1963" HAS BEEN APPROVED
<br />BY AN ORDINANCE ADOPTED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, ON SEPTEMBER 30, 1963,
<br />AND SPREAD IN ORDINANCE BOOK 4, PAGES 1 AND 2, AND ALSO APPROVED BY THE VOTERS OF THE CITY AT AN ELECTION
<br />HELD FOR THAT PURPOSE ON NOVEMBER 5, 1963, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE,
<br />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 THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,5001000.00) OF SERIAL
<br />BONDS OF THE CITY OF CHARLOTTESVILLE, TO BE KNOWN AS "SCHOOL IMPROVEMENT BONDS, SERIES OF 1963"; THAT SAID
<br />BONDS SHALL BE DATED JUNE 1, 1964, SHALL BE OF THE DENOMINATION OF FIVE THOUSAND DOLLARS ($5,000.00) EACH
<br />AND SHALL BE NUMBERED FROM 1 TO 700, INCLUSIVE, AND SHALL MATURE SERIALLY IN NUMERICAL. ORDER, $175,000
<br />BONDS ON JUNE 1 IN EACH OF THE YEARS 1965 TO 1984, INCLUSIVE, AND BOTH PRINCIPAL AND INTEREST THEREOF
<br />SHALL BE PAYABLE AT THE VIRGINIA NATIONAL BANK, CHARLOTTESVILLE, VIRGINIA OR AT THE CHEMICAL BANK NEW YORK
<br />TRUST COMPANY, NEW YORK, NEW YORK, AT THE OPTION OF THE HOLDER.
<br />ALL OF SAID BONDS SHALL BEAR INTEREST AT A RATE OR RATES NOT, HOWEVER, EXCEEDING FOUR (4) RATES, AND
<br />NOT EXCEEDING FIVE PER CENTUM (5%) PER ANNUM, PAYABLE SEMI-ANNUALLY ACCORDING TO THE TENOR OF COUPONS FOR
<br />SEMI-ANNUAL INTEREST PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES OF INTEREST TO BE DETERMINED
<br />BY THE RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE CITY MANAGER AND APPROVED BY THE COUNCIL..
<br />(2) THAT SAID BONDS AND COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE FOLLOWING FORM AND
<br />TENOR:
<br />-FORM OF BOND -
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />SCHOOL IMPROVEMENT BONDS - SERIFS OF 1963
<br />m
<br />$5,000.00
<br />THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO BEARER
<br />FIVE THOUSAND DOLLARS
<br />IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF JUNE , 19 , ON THE SURRENDER OF THIS
<br />BOND, WITH INTEREST AT THE RATE OF % PER ANNUM, PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF
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<br />JUNE AND DECEMBER IN EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL
<br />AND INTEREST TO BE PAYABLE AT THE VIRGINIA NATIONAL BANK, CHARLOTTESVILLE, VIRGINIA, OR AT CHEMICAL BANK
<br />NEW YORK TRUST COMPANY, NE`.J YORK, NEW YORK, AT THE OPTION OF THE HOLDER. •
<br />THIS BOND IS ONE OF AN ISSUE OF THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000.00) ISSUED
<br />BY THE CITY OF CHARLOTTESVILLE FOR THE PURPOSE OF SITE ACQUISITION, CONSTRUCTION AND FURNISHING OF TWO
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