1975 ORDINANCES - Laserfiche WebLink

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OFFICER OR AGENT THEREOF, INCLUDING ANY PAYING AGENT FOR THE BONDS, BY REASON OF SUCH NUMBERS OR ANY USE MADE THEREOF, INCLUDING ANY USE THEREOF MADE BY THE CITY, ANY SUCH OFFICER OR ANY SUCH AGENT, OR BY REASON OF ANY INACCURACY, ERROR OR OMISSION WITH RESPECT • THERETO OR IN SUCH USE. ALL EXPENSES IN RELATION TO THE PRINTING OF SUCH NUMBERS ON THE BONDS SHALL BE PAID BY THE CITY; PROVIDED, HOWEVER, THAT THE CUSIP SERVICE CHARGE FOR THE ASSIGNMENT OF SUCH NUMBERS SHALL BE THE RESPONSIBILITY OF AND SHALL BE PAID BY THE PURCHASER OF THE BONDS. SECTION 3. THE FULL FAITH AND CREDIT OF THE CITY OF CHARLOTTESVILLE SHALL BE AND HEREBY IS PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON THE BONDS AS THE SAME BECOME DUE. IN EACH YEAR WHILE THE BONDS, OR ANY OF THEM, ARE OUTSTANDING AND UNPAID, THE CITY OF CHARLOTTESVILLE SHALL ASSESS, LEVY AND COLLECT, AT THE SAME TIME AND IN THE SAME MANNER AS OTHER TAXES OF SAID CITY ARE ASSESSED, LEVIED AND COLLECTED, A TAX UPON ALL TAXABLE PROPERTY WITHIN THE CITY SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS AS THE SAME RESPECTIVELY BECOME DUE AND PAYABLE. SECTION 4. THE CITY MANAGER IS HEREBY AUTHORIZED TO FIX THE DATE OF THE BONDS PRO ( VIDED SUCH DATE SHALL BE WITHIN THE CALENDAR YEAR 1975) AND TO FIX A DATE OF SALE OF THE BONDS AND TO PUBLISH AND DISTRIBUTE A NOTICE OF SALE THEREOF, SUCH PUBLICATION TO BE MADE IN THE DAILY BOND BUYER IN THE CITY OF NEW YORK, NEW YORK, AND IN THE DAILY PROGRESS, A NEWSPAPER OF GENERAL CIRCULATION IN THE CITY OF CHARLOTTESVILLE, AT LEAST ONCE IN EACH PAPER NOT LESS THAN TEN (10) DAYS PRIOR TO THE DATE FIXED FOR THE SALE THEREOF. THE NOITCE OF SALE SHALL BE IN SUBSTANTIALLY THE FOLLOWING FORM WITH SUCH INSERTIONS THEREIN AS REFLECT THE DATE AND TIME OF SALE, THE DATE OF THE BONDS, AND THE INTEREST PAYMENT OF THE BONDS: (FORM OF NOTICE OF SALE) $3,000,000 CITY OF CHARLOTTESVILLE VIRGINIA GENERAL IMPROVEMENT BONDS, 1975 (FULL FAITH AND CREDIT OBLIGATIONS) SEALED BIDS WILL BE RECEIVED BY THE CITY MANAGER OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, FOR THE PURCHASE OF ALL BUT NOT ANY PART OF THREE MILLION DOLLARS ($3,000,000) GENERAL IMPROVEMENT BONDS, 1975, OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, UNTIL 11:30 O'CLOCK A.M. (EASTERN DAYLIGHT TIME), ON JUNE 24, 1975 AT WHICH TIME THEY WILL BE PUBLICLY OPENED BY THE CITY MANAGER IN THE COUNCIL CHAMBER IN THE CITY HALL, CHARLOTTESVILLE,VIRGINIA. AN AWARD WILL BE MADE ON THE SAME DATE THE BIDS ARE OPENED UNLESS ALL PROPOSALS ARE REJECTED. SAID BONDS ARE TO BE ISSUED IN COUPON FORM, DATED ..JULY 1, 1975, WITHOUT PRIVILEGE OF REGISTRATION AND WITHOUT OPTION OF PRIOR REDEMPTION, OF THE DENOMINATION OF $5,000 EACH, BEARING INTEREST PAYABLE SEMI-ANNUALLY ON JANUARY 1 AND JULY 1 OF EACH YEAR, COMMENCING WITH .JANUARY 1, 1976, AND PAYABLE SERIALLY IN NUMBERICAL ORDER ON ..JULY 1 IN EACH OF THE YEARS AND IN THE PRINCIPAL AMOUNTS AS FOLLOWS: 0