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273
<br />SEMI-AIJNUALLY ON APRIL 1ST AND OCTOBER IST OF EACH YEAR, COMMENCING WITH OCTOBER 1, 1973, AND PAYABLE
<br />SERIALLY IN NUMERICAL ORDER ON APRIL IST IN EACH OF THE YEARS AND IN THE PRINCIPAL AMOUNTS AS FOLLOWS:
<br />"YEAR
<br />PRINCIPAL AMOUNT
<br />YEAR
<br />PRINCIPAL AMOUNT
<br />APRIL
<br />1,
<br />1974
<br />$100,000
<br />APRIL
<br />1,
<br />1984
<br />$100,000
<br />APRIL
<br />1,
<br />1975
<br />100,000
<br />APRIL
<br />1,
<br />1985
<br />1001,000
<br />APRIL
<br />1,
<br />1976
<br />100,000
<br />APRIL
<br />1,
<br />1986
<br />100,000
<br />APRIL
<br />1,
<br />1977
<br />100,000
<br />APRIL
<br />1,
<br />1987
<br />100,000
<br />APRIL
<br />1,
<br />1978
<br />1001000
<br />APRIL
<br />1,
<br />1988
<br />100,000
<br />APRIL
<br />1,
<br />1979
<br />100,000
<br />APRIL
<br />1,
<br />1989
<br />100,000
<br />APRIL
<br />1,
<br />1980
<br />100,000
<br />APRIL
<br />1,
<br />1990
<br />100,000
<br />APRIL
<br />1,
<br />1981
<br />100,000
<br />APRIL
<br />1,
<br />1991
<br />100,000
<br />APRIL
<br />1,
<br />1982
<br />100,000
<br />APRIL
<br />1,
<br />1992
<br />100,000
<br />APRIL
<br />1,
<br />1983
<br />100,000
<br />APRIL
<br />1,
<br />1993
<br />100,000"
<br />SECTION 2. THE ACTION OF THE CITY MANAGER IN PUBLISHING ON FEBRUARY 23, 1973 IN THE DAILY
<br />BOND BUYER IN THE CITY OF NEW YORK, NEW YORK, AND IN THE DAILY PRCGRESS IN THE CITY OF CHARLOTTESVILLE,
<br />THE NOTICE OF SALE OF SAID BONDS WITH THE CHANGE DESCRIBED IN CLAUSE (B) OF SECTION 1 HEREOF IS HEREBY
<br />RATIFIED, VALIDATED, APPROVED AND CONFIRMED.
<br />SECTION 3. THE CITY CLERK IS HEREBY AUTHORIZED AND DIRECTED TO FILE A CERTIFIED COPY OF THIS
<br />ORDINANCE WITH THE CLERK OF THE CORPORATION COURT HAVING JURISDICTION OVER THE CITY OF CHARLOTTESVILLE,
<br />VIRGINIA.
<br />SECTION 4. THE ORDINANCE SHALL TAKE EFFECT UPON ITS PASSAGE.
<br />CLERK
<br />ADOPTED BY THE COUNCIL
<br />MARcr 5, 1973
<br />AYES: MR. BARBOUR, MR. FIFE, MR.-GILLIAM
<br />MRS. RINEHART AND MR. VAN YAHRES
<br />NOES: NONE
<br />PRESIDENT
<br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF TWO MILLION DOLLARS ($21000,000.00) GENERAL
<br />IMPROVEMENT BONDS OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF
<br />PROVIDING FUNDS TO PAY THE CCST OF ACQUIRING, CONSTRUCTING, AND EQUIPPING OFF-
<br />STREET PARKING FACILITIES FOR SAID CITY; FIXING THE FORM AND DETAILS THEREOF;
<br />PROVIDING FOR THE SALE THEREOF; AND PROVIDING FOR THE PAYMENT THEREOF;
<br />WHEREAS, IT IS NECESSARY FOR THE CITY OF CHARLOTTESVILLE, VIRGINIA TO ACQUIRE, CONSTRUCT, AND
<br />EQUIP OFF-STREET PARKING FACILITIES, AND IT IS NECESSARY TO ISSUE BONDS OF THE CITY TO PROVIDE FUNDS WITH
<br />WHICH TO PAY THE COSTS OF SAID FACILITIES; NOW THEREFORE,
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
<br />SECTION 1. PURSUANT TO THE AUTHORITY OF THE PUBLIC FINANCE ACT AND THE CHARTER OF THE CITY OF
<br />CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS TO PAY THE COSTS OF ACQUIRING, CONSTRUCTING,
<br />AND EQUIPPING OFF-STREET PARKING FACILITIES FOR SAID CITY, THERE ARE HEREBY AUTHORIZED TO BE ISSUED, AT ONE
<br />TIME OR FROM TIME TO TIME, TWO MILLION DOLLARS $2,000,000.00) PRINCIPAL AMOUNT GENERAL OBLIGATION BONDS OF
<br />THE CITY OF CHARLOTTESVILLE, VIRGINIA, TO BE DESIGNATED "GENERAL IMPROVEMENT BONDS, 1973" (HEREINAFTER CALLED
<br />THE "BONDS"). THE BONDS SHALL BE DATED APRIL 1, 1973, SHALL BE OF THE DENOMINATION OF $5,000 EACH, SHALL
<br />BE NUMBERED FROM 1 TO 400, INCLUSIVE, IN ORDER OF MATURITY, SHALL BEAR INTEREST FROM THEIR DATE PAYABLE
<br />SEMI-ANNUALLY ON APRIL 1ST AND OCTOBER 13T OF EACH YEAR, COMMENCING WITH OCTOBER 1, 1973, AT SUCH RATE OR
<br />RATES AS MAY BE DETERMINED BY RESOLUTION OF THIS COUNCIL AT THE TIME OF SALE THEREOF, AND SHALL MATURE SERIALLY
<br />IN NUMERICAL ORDER WITHOUT OPTION OF PRIOR REDEMPTION ON APRIL IST IN EACH OF THE YEARS AND IN THE PRINCIPAL
<br />AMOUNT OF $100,000 IN EACH SUCH YEAR. BOTH PRINCIPAL OF AND INTEREST ON THE BONDS SHALL BE PAYABLE AT THE
<br />OFFICE OF THE CITY TREASURER OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, OR, AT THE OPTION OF THE HOLDERS OF THE
<br />BONDS AND THE COUPONS PERTAINING THERETO, AT THE PRINCIPAL OFFICE OF VIRGINIA NATIONAL BANK, IN CHARLOTTESVILLE,
<br />VIRGINIA, OR AT THE PRINCIPAL OFFICE OF CHEMICAL BANK, IN NEW YORK, NEW YORK.
<br />THE BONDS SHALL BE ISSUED IN BEARER FORM WITHOUT PRIVILEGE OF REGISTRATION. THE BONDS SHALL BE
<br />EXECUTED BY THE FACSIMILE SIGNATURES OF THE MAYOR AND CITY TREASURER AND A FACSIMILE OF THE SEAL OF THE CITY
<br />SHALL BE IMPRINTED THEREON, ATTESTED BY THE MANUAL SIGNATURE OF THE CLERK OF THE COUNCIL. THE BONDS SHALL
<br />HAVE COUPONS FOR INTEREST ATTACHED, WHICH COUPONS SHALL BE EXECUTED WITH THE FACSIMILE SIGNATURE OF THE
<br />CITY TREASURER. THE EXECUTION OF THE BONDS AND COUPONS IN THE MANNER ABOVE SET FORTH IS HEREBY ADOPTED AS A
<br />DUE AND SUFFICIENT AUTHENTICATION OF THE BONDS AND COUPONS.
<br />
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