1975 ORDINANCES - Laserfiche WebLink

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BIDDERS SUBMITTING THEIR BIDS ARE REQUESTED TO USE THE BIDDING FORM WHICH MAY BE OBTAINED FROM THE UNDERSIGNED. EACH PROPOSAL SHOULD BE ENCLOSED IN A SEALED ENVELOPE MARKED ''PROPOSAL FOR CITY OF CHARLOTTESVILLE, VIRGINIA, GENERAL IMPROVEMENT BONDS '' AND SHOULD BE DIRECTED • TO '' COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, C/O CITY MANAGER, CITY HALL, CHARLOTTESVILLE, VIRGINIA.'' THE BONDS WILL BE DELIVERED TO THE PURCHASER AT THE EXPENSE OF THE CITY OF CHARLOTTESVILLE ON JULY 25, 1975, OR AS SOON THEREAFTER AS POSSIBLE, IN NEW YORK, NEW YORK. THE UNQUALIFIED APPROVING OPINION OF MESSRS. WOOD DAWSON LOVER & SABATINE OF NEW YORK, NEW YORK, WILL BE FURNISHED THE SUCCESSFUL BIDDER AT THE EXPENSE OF THE CITY OF CHARLOTTESVILLE, AND WILL BE PRINTED UPON THE BONDS. THE SUCCESSFUL BIDDER WILL ALSO BE FURNISHED WITH THE USUAL CLOSING DOCUMENTS, INCLUDING A CERTIFICATE THAT NO LITIGATION IS PENDING AFFECTING THE ISSUANCE OF THE BONDS. CUSIP INDENTIFICATION NUMBERS WILL BE IMPRINTED ON THE BONDS, BUT NO SUCH NUMBER SHALL CONTITUTE A PART OF THE CONTRACT EVIDENCED BY THE PARTICULAR BOND UPON WHICH IT IS IMPRINTED, NO LIABILITY SHALL ATTACH TO THE CITY OF CHARLOTTESVILLE OR ANY 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, AND ANY INACCURACY, ERROR OR OMISSION WITH RESPECT THERETO SHALL NOT CONSTITUTE CAUSE FOR FAILURE OR REFUSAL BY THE PURCHASER TO ACCEPT DELIVERY OF AND PAY FOR THE BONDS IN ACCORDANCE WITH THE TERMS OF ITS BID. ALL EXPENSES IN RELATION TO THE PRINTING OF SUCH NUMBERS ON THE BONDS WILL BE PAID BY THE CITY; PROVIDED, HOWEVER, THAT THE CUSIP SERVICE BUREAU CHARGE FOR THE ASSIGNMENT OF SUCH NUMBERS SHALL BE THE RESPONSIBILITY OF AND SHALL BE PAID BY THE PURCHASER. FURTHER INFORMATION WILL BE FURNISHED UPON APPLICATION TO THE UNDERSIGNED. CITY MANAGER CHARLOTTESVILLE, VIRGINIA SECTION 5. THE PROCEEDS OF THE SALE OF THE BONDS SHALL BE APPLIED TO THE PAYMENT OF THE COST OF THE FOLLOWING PUBLIC IMPROVEMENT PROJECTS IN SUBSTANTIALLY THE FOLLOWING RESPECTIVE AMOUNTS: PUBLIC BUILDINGS $1,550,000 RECREATION FACILITIES 1,200,000 SOLID WASTE DISPOSAL FACILITIES 250,000 PROVIDED THAT IF ANY PROJECT SET FORTH ABOVE SHALL REQUIRE LESS THAN THE ENTIRE RESPECTIVE AMOUNT SET FORTH ABOVE BY THIS SECTION, THE DIFFERENCE MAY BE APPLIED TO ANY OF THE OTHER PROJECTS SET FORTH IN THIS SECTION. SECTION 6. THE CITY OF CHARLOTTESVILLE SHALL COMPLY WITH THE REQUIREMENTS OF SECTION 103(D) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, AND THE APPLICABLE REGULATIONS OF THE INTERNAL REVENUE SERVICE ADOPTED THEREUNDER, SO LONG AS ANY OF THE BONDS ARE OUTSTANDING. SECTION 7. THE CITY ATTORNEY IS HEREBY AUTHORIZED AND AND DIRECTED TO FILE A CERTIFIED COPY OF THIS ORDINANCE WITH THE CLERK OF THE CIRUIT COURT HAVING JURISDICTION OVER THE CITY OF CHARLOTTESVILLE, VIRGINIA. •