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SEMI-ANNUALLY ON APRIL 1ST AND OCTOBER 1ST OF EACH YEAR, COMMENCING WITH OCTOBER 1, 1973,
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<br />AND PAYABLE SERIALLY IN NUMERICAL ORDER ON APRIL 1ST IN EACH OF THE YEARS AND IN THE PRINCIPAL
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<br />AMOUNTS AS FOLLOWS:
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<br />YEAR PRINCIPAL AMOUNT YEAR PRINCIPAL AMOUNT
<br />APRIL 1, 1974 $100,000 APRIL 1, 1984 $100,000
<br />APRIL 1, 1975 100,000 APRIL 1, 1985 100,000
<br />APRIL 1, 1976 100,000 APRIL 1, 1986 100,000
<br />APRIL 1, 1977 100,000 APRIL 1, 1987 100,000
<br />APRIL 1, 1978 100,000 APRIL 1, 1988 100,000
<br />APRIL 1, 1979 100,000 APRIL 1, 1989 100,000
<br />APRIL 1, 1980 100,000 APRIL 1, 1990 100,000
<br />APRIL 1, 1981 100,000 APRIL 1, 1991 100,000
<br />APRIL 1, 1982 100,000 APRIL 1, 1992 100,000
<br />APRIL 1, 1983 100,000 APRIL 1, 1993 100,000"
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<br />
<br />SECTION 2. THE ACTION OF THE CITY MANAGER IN PUBLISHING ON FEBRUARY 23, 1973 IN THE DAILY
<br />
<br />BOND BUYER IN THE CITY OF NEW YORK, NEW YORK, AND IN THE DAILY PROGRESS IN THE CITY OF
<br />
<br />CHARLOTTESVILLE, THE NOTICE OF SALE OF SAID BONDS WITH THE CHANGE DESCRIBED IN CLAUSE (B)
<br />
<br />OF SECTION 1 HEREOF IS HEREBY RATIFIED, VALIDATED, APPROVED AND CONFIRMED.
<br />
<br />SECTION 3. THE CITY CLERK IS HEREBY AUTHORIZED AND DIRECTED TO FILE A CERTIFIED COPY OF THIS
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<br />ORDINANCE WITH THE CLERK OF THE CORPORATION COURT HAVING JURISDICTION OVER THE CITY OF
<br />
<br />CHARLOTTESVILLE, VIRGINIA.
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<br />SECTION 4. THE ORDINANCE SHALL TAKE EFFECT UPON ITS PASSAGE.
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<br />
<br />ADOPTED BY THE COUNCIL
<br />MARCH 5, 1973
<br />AYES: MR. BARBOUR, MR. FIFE, MR. GILLIAM,
<br />MRS. RINEHART AND MR. VAN YAHRES
<br />NOES: NONE
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<br />
<br />CLERK SIGNATURE
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<br />
<br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF TWO MILLION DOLLARS ($2,000,000.00) GENERAL
<br />
<br />IMPROVEMENT BONDS OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF
<br />
<br />PROVIDING FUNDS TO PAY THE COST OF ACQUIRING, CONSTRUCTING, AND EQUIPPING OFF-STREET
<br />
<br />PARKING FACILITIES FOR SAID CITY; FIXING THE FORM AND DETAILS THEREOF; PROVIDING FOR THE
<br />
<br />SALE THEREOF; AND PROVIDING FOR THE PAYMENT THEREOF;
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<br />WHEREAS, IT IS NECESSARY FOR THE CITY OF CHARLOTTESVILLE, VIRGINIA TO ACQUIRE, CONSTRUCT, AND
<br />
<br />EQUIP OFF-STREET PARKING FACILITIES, AND IT IS NECESSARY TO ISSUE BONDS OF THE CITY TO PROVIDE
<br />
<br />FUNDS WITH WHICH TO PAY THE COSTS OF SAID FACILITIES;
<br />
<br />NOW THEREFORE,
<br />
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
<br />
<br />
<br />SECTION 1. PURSUANT TO THE AUTHORITY OF THE PUBLIC FINANCE ACT AND THE CHARTER OF THE CITY OF
<br />
<br />CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS TO PAY THE COSTS OF ACQUIRING,
<br />
<br />CONSTRUCTING, AND EQUIPPING OFF-STREET PARKING FACILITIES FOR SAID CITY, THERE ARE HEREBY
<br />
<br />AUTHORIZED TO BE ISSUED, AT ONE TIME OR FROM TIME TO TIME, TWO MILLION DOLLARS ($2,000,000.00)
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<br />PRINCIPAL AMOUNT GENERAL OBLIGATION BONDS OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, TO BE
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<br />DESIGNATED "GENERAL IMPROVEMENT BONDS, 1973" (HEREINAFTER CALLED THE "BONDS"). THE BONDS SHALL
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<br />BE DATED APRIL 1, 1973, SHALL BE OF THE DENOMINATION OF $5,000 EACH, SHALL BE NUMBERED FROM 1 TO
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<br />400, INCLUSIVE, IN ORDER OF MATURITY, SHALL BEAR INTEREST FROM THEIR DATE PAYABLE SEMI-ANNUALLY
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<br />ON APRIL 1ST AND OCTOBER 1ST OF EACH YEAR, COMMENCING WITH OCTOBER 1, 1973, AT SUCH RATE OR
<br />
<br />RATES AS MAY BE DETERMINED BY RESOLUTION OF THIS COUNCIL AT THE TIME OF SALE THEREOF, AND
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<br />SHALL MATURE SERIALLY IN NUMERICAL ORDER WITHOUT OPTION OF PRIOR REDEMPTION ON APRIL 1ST IN EACH
<br />
<br />OF THE YEARS AND IN THE PRINCIPAL AMOUNT OF $100,000 IN EACH SUCH YEAR.
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<br />BOTH PRINCIPAL OF AND INTEREST ON THE BONDS SHALL BE PAYABLE AT THE OFFICE OF THE CITY TREASURER
<br />
<br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, OR, AT THE OPTION OF THE HOLDERS OF THE BONDS AND THE
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<br />COUPONS PERTAINING THERETO, AT THE PRINCIPAL OFFICE OF VIRGINIA NATIONAL BANK, IN CHARLOTTESVILLE,
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<br />VIRGINIA, OR AT THE PRINCIPAL OFFICE OF CHEMICAL BANK, IN NEW YORK, NEW YORK.
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<br />THE BONDS SHALL BE ISSUED IN BEARER FORM WITHOUT PRIVILEGE OF REGISTRATION.
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<br />THE BONDS SHALL BE EXECUTED BY THE FACSIMILE SIGNATURES OF THE MAYOR AND CITY TREASURER AND
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<br />A FACSIMILE OF THE SEAL OF THE CITY SHALL BE IMPRINTED THEREON, ATTESTED BY THE MANUAL SIGNATURE
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<br />OF THE CLERK OF THE COUNCIL.
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<br />THE BONDS SHALL HAVE COUPONS FOR INTEREST ATTACHED, WHICH COUPONS SHALL BE EXECUTED WITH THE
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<br />FACSIMILE SIGNATURE OF THE CITY TREASURER.
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<br />THE EXECUTION OF THE BONDS AND COUPONS IN THE MANNER ABOVE SET FORTH IS HEREBY ADOPTED AS A DUE AND
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<br />SUFFICIENT AUTHENTICATION OF THE BONDS AND COUPONS.
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