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AN ORDINANCE AMENDING AND REENACTING SECTION 133 OF THE CITY CODE
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<br />OF 1932, ENTITLED "SINKING FUND - PURCHASE OF BONDS FOR FUNDS".
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<br />BE IT ORDAINED BY THE Council of the City of Charlottesville, that
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<br />Section 133 of the City Code of 1932 be and the same is hereby amended and
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<br />reenacted, so as to read as follows:
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<br />SEC. 133. A. Sinking fund - purchase of bonds for funds.
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<br />The Commission shall apply all appropriations, interest and
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<br />profits from any bonds held by them to the purchase of bonds
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<br />or certificates of debt of this City, or of this State, or of
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<br />the United States, or of some other State of this Union, or
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<br />any other securities which under the laws of the State of Virginia
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<br />are designated and approved for the investment of Fiduciary funds.
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<br />The accrued interest on said securities shall be collected by the
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<br />Treasurer when due, and deposited to the credit of the sinking fund.
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<br />All such securities, or reinvestments of same, and the interest
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<br />thereon, shall be reinvested according to the provisions of this
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<br />section, until some part of the City debt shall become due, when,
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<br />unless other provisions be made by the Council, such securities,
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<br />so far as may be necessary, shall be sold and the proceeds applied
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<br />to the payment of such matured part of the City debt.
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<br />This ordinance shall be in full force and effect from the date of its
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<br />passage, and all ordinances, or parts of ordinances in conflict herewith are
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<br />hereby repealed. Adopted by the Council January 20, 1936.
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<br />Ayes: Mr. Fife, Dr. Haden, Mr. Huff, Mr.
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<br />Jessup and Mr. Twyman, Noes: None.
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<br />Clerk Signature
<br />President Signature
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<br />AN ORDINANCE AMENDING AND REENACTING SECTION 41 OF THE CITY CODE OF
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<br />1932, ENTITLED 1OFFICERS - OFFICIAL BONDS".
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<br />BE IT ORDAINED by the Council of the City of Charlottesville that Section 41
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<br />of the City Code of 1932, entitled "Officers - Official Bonds" be and the same is
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<br />hereby amended and reenacted so as to read as follows:
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<br />SEC. 41 B. OFFICERS - OFFICIAL BONDS.
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<br />The penalties of the official bonds of the following officers shall be,
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<br />respectively, as herein enumerated, to -wit:
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<br />Mayor ...................................................$2,000.00
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<br />Auditor and Clerk ....................................... 5,000.00
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<br />Treasurer ........... ... ................... ........... 25,000.00
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<br />Treasurer of Sinking Fund Commission ....................25,000.00
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<br />CityManager ............................................ 5,000.00
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<br />CityCollector .......................................... 5,000.00
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<br />Chief of Police, ....................................... 1,000.00
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<br />Meter Readers of Gas & Water ...................... 1,000.00
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<br />Superintendent of Cemeteries ............................ 1,000.00
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<br />Superintendent of Public Welfare ........................ 2,000.00
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<br />Clerk of Civil and Police Justice Court ................. 2,000.00
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<br />CityElectrician ........................................ 500.00
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<br />Every official bond required by the City shall be given in such
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<br />guaranty company as will be satisfactory to the Finance Committee,
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<br />and shall be made payable to the City of Charlottesville, with
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<br />conditions for the faithful discharge of the duties of the office
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<br />to which the person giving it has been elected or appointed.
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<br />All official bonds shall be paid for by the City.
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<br />Any person elected or appointed to any office who shall for ten days
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<br />after the beginning of the term for which he was elected or appointed,
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<br />neglect to give such bond and security as may be required of him, shall
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<br />thereby vacate his office.
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<br />The Finance Committee shall report to the Council all official bonds
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<br />given as required by this section for entry upon its journal and the
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<br />bonds shall be filed in the office of the clerk of the council.
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<br />This ordinance shall be in full force and effect from the date of its
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<br />passage, and all ordinances, or parts of ordinances in conflict herewith are
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<br />hereby repealed.
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<br />Adopted by the Council January 20, 1936.
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<br />Ayes: Mr. Fife, Dr. Haden, Mr. Huff,
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<br />Mr. Jessup and Mr. Twyman. Noes: None.
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<br />Clerk Signature
<br />President Signature
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