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<br />AN ORDINANCE AMENDING AND REENACTING SECTION 16A-6 OF THE
<br />CODE OF THE CITY OF CHARLOTTESVILLE, 1965, ENTITLED
<br />"EXEMPTIONS FROM CHAPTER".
<br />• BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT SECTION 16A-6 OF THE CODE
<br />OF THE CITY OF CHARLOTTESVILLE, 1965, ENTITLED "EXEMPTIONS FROM CHAPTER" BE AMENDED AND REENACTED
<br />TO READ AS FOLLOWS:
<br />SECTION 16A-6. EXEMPT IONS FROM CHAPTER.
<br />NO TAX OR LICENSE SHALL BE REQUIRED OF ANY BUSINESS, TRADE OR OCCUPATION WHICH IS EXEMPTED
<br />FROM TAXATION BY THE PROVISIONS OF SECTION 58-12, CODE OF VIRGINIA (1950) AS AMENDED.
<br />ADOPTED BY THE COUNCIL
<br />MARCH 1, 1971
<br />AYES; MR. BARBOUR, MR. DAVIS, MR. FIFE,
<br />MR. VAN YAHRES AND MR. WRIGHT.
<br />NOES: NONE.
<br />CLERK PRESIDENT
<br />A RESOLUTION DETERMINING., RATIFY ING, VALIDATING, CONFIRMING
<br />AND APPROVING THE DETAILS OF $6,0001000 BONDS OF THE CITY OF
<br />CHARLOTTESVILLE HERETOFORE AUTHORIZED FOR ISSUANCE BY AN
<br />ORDINANCE ADOPTED APRIL 61 1970; RATIFYING, VALIDATING.,
<br />CONFIRMING AND APPROVING THE NOTICE OF SALE OF SAID BONDS;
<br />ACCEPTING A BID FOR THE PURCHASE OF SAID BONDS; AND FIXING
<br />THE RATES OF INTEREST TO BE BORNE BY SAID BONDS AND THE FORM
<br />OF THE BONDS AND COUPONS TO BE ATTACHED THERETO.
<br />BE IT RESOLVED BY THE COUNCIL OF THE r'ITY OF CHARLOTTESVILLE:
<br />SECTION 1. THERE SHALL BE ISSUED THE SIX MILLION DOLLARS ($6,000,000) PRINCIPAL AMOUNT OF
<br />SERIAL BONDS OF THE CITY OF CHARLOTTESVILLE HERETOFORE AUTHORIZED BY AN ORDINANCE ADOPTED BY THE
<br />COUNCIL OF THE CITY OF CHARLOTTESVILLE ON APRIL 6, 1970, ENTITLED "ORDINANCE AUTHORIZING THE
<br />ISSUANCE OF BONDS OF THE CITY OF CHARLOTTESVILLE IN THE SUM OF SIX MILLION DOLLARS ( $6,000,000)
<br />FOR THE PURPOSE OF SCHOOL IMPROVEMENTS IN SAID C ITY", THE ISSUANCE OF WHICH BONDS HAVE HERETOFORE
<br />BEEN APPROVED BY THE VOTERS OF THE CITY OF CHARLOTTESVILLE AT AN ELECTION HELD FOR THAT PURPOSE
<br />ON ,LUNE 9, 1970.
<br />SECTION 2. PURSUANT TO THE PROVISIONS OF THE AFORESAID ORDINANCE ADOPTED ON APRIL 61 1970,
<br />THE COUNCIL HEREBY DETERMINES THAT THE BONDS SHALL BE KNOWN AS "SCHOOL IMPROVEMENT BONDS, SERIES
<br />OF 1970"; SHALL BE DATED APRIL 1, 1971; SHALL BE OF THE DENOMINATION OF FIVE THOUSAND DOLLARS
<br />($5,000) EACH; SHALL BE NUMBERED FROM 1 TO 1,200, INCLUSIVE; SHALL MATURE SERIALLY IN NUMERICAL
<br />ORDER, $300,000 BONDS ON APRIL 1 IN EACH OF THE YEARS 1972 TO 1991, INCLUSIVE, WITHOUT OPTION OF
<br />PRIOR REDEMPTION; SHALL BEAR INTEREST AT THE RATES PER ANNUM SPECIFIED IN THE BID FOR SAID BONDS
<br />ACCEPTED BY THIS COUNCIL IN SECTION 4 HEREOF; AND SHALL BE PAYABLE AS TO BOTH PRINCIPAL AND
<br />THE CITY MANAGER IN FIXING THE DATE, INTEREST PAYMENT DATES, NUMBERS, DENOMINATIONS AND MATURITY
<br />DATES OF THE BONDS AS SET FORTH IN SECTION 2 HEREOF; (II) THE ACTION OF THE CITY MANAGER IN
<br />PUBLISHING AND DISTRIBUTING A NOTICE OF SALE OF SAID BONDS IN SUBSTANTIALLY THE FORM HEREINAFTER
<br />SET OUT IN THIS SECTION AND (111) THE TERMS, WORDS AND PROVISIONS OF THE NOTICE OF SALE OF SAID
<br />BONDS SO PUBLISHED AND DISTRIBUTED.
<br />(FORM OF NOT ICE OF SALE)
<br />$6,000,000
<br />CITY OF CHARLOTTESVILLE
<br />• VIRGINIA
<br />SCHOOL IMPROVEMENT BONDS, SERIES OF 1970
<br />(FULL FAITH AND CREDIT OBLIGATIONS)
<br />INTEREST AT THE
<br />OFFICE OF THE TREASURER OF
<br />THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE,
<br />•
<br />VIRGINIA, OR, AT
<br />THE OPTION OF THE HOLDER
<br />OF SAID BONDS AND COUPONS PERTAINING THERETO, AT THE
<br />PRINCIPAL OFFICE
<br />OF THE VIRGINIA NATIONAL
<br />BANK, IN CHARLOTTESVILLE, VIRGINIA, OR AT THE PRINCIPAL
<br />OFFICE OF CHEMICAL
<br />BANK, IN NEW YORK, NEW
<br />YORK.
<br />SECTION 3.
<br />THERE ARE HEREBY RATIFIED,
<br />VALIDATED, CONFIRMED AND APPROVED; (1) THE ACTION OF
<br />THE CITY MANAGER IN FIXING THE DATE, INTEREST PAYMENT DATES, NUMBERS, DENOMINATIONS AND MATURITY
<br />DATES OF THE BONDS AS SET FORTH IN SECTION 2 HEREOF; (II) THE ACTION OF THE CITY MANAGER IN
<br />PUBLISHING AND DISTRIBUTING A NOTICE OF SALE OF SAID BONDS IN SUBSTANTIALLY THE FORM HEREINAFTER
<br />SET OUT IN THIS SECTION AND (111) THE TERMS, WORDS AND PROVISIONS OF THE NOTICE OF SALE OF SAID
<br />BONDS SO PUBLISHED AND DISTRIBUTED.
<br />(FORM OF NOT ICE OF SALE)
<br />$6,000,000
<br />CITY OF CHARLOTTESVILLE
<br />• VIRGINIA
<br />SCHOOL IMPROVEMENT BONDS, SERIES OF 1970
<br />(FULL FAITH AND CREDIT OBLIGATIONS)
<br />
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