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<br />While the said bonds or any of them shall remain outstanding or
<br />unpaid, there shall be levied and collected from the users of City Water
<br />a water rate sufficient to provide for the payment of the principal and
<br />interest as the same become due and payable. Should the revenue from the
<br />water works be insufficient in any year to pay the cost of operation and
<br />administration of such plant (including interest and installments of '
<br />principal of bonds issued therefor, and the cost of insurance against loss
<br />by injuries to persons or property), there shall be levied upon all taxable
<br />property of said City such taxes as may be necessary to provide for the pay-
<br />ment of the principal and interest of said bonds at maturity.
<br />VII. This ordinance shall take effect immediately. '
<br />Adopted by the Council December 21, 1944
<br />Ayes: Mr. Adams.,, Mr. Gleason, Mr. Hildreth,
<br />Mr. Morris and Mr. Watson.
<br />Noes: N e
<br />Clerk President
<br />LEGAL OPINION RE: CITY OF CHARLOTTESVILLE, VIRGINIA
<br />WATER IMPROVEMENT BONDS, SERIES OF 1945
<br />x$500,000.00
<br />February 1, 1945
<br />Lyttelton Waddell, Esq.,
<br />City Attorney,
<br />Charlottesville, Virginia.
<br />Dear Sir:- '
<br />CITY OF CHARLOTTESVILLE, VIRGINIA, WATER IMPROVEMENT -
<br />BONDS - SERIES OF 1945, $500,000.
<br />At the request of the Council of the City of Charlottesville,
<br />Virginia, we have examined into the validity of an issue of $500,000.00
<br />Water Improvement Bonds - Series of 1945, of the City of Charlottesville,
<br />Virginia, dated February 1, 1945, payable serially in numerical order
<br />$15,000 bonds on February 1 in each of the years 1948 to 1957, inclusive,
<br />and $35,000 bonds on February 1 in each of the years 1958 to 1967, inclusive,
<br />numbered from 1 to 500, inclusive, of the denomination of wi,000 each, and
<br />bearing interest at the rate of one and one-tenth per centum per annum,
<br />payable semi-annually February 1 and August 1; said bonds reciting that they
<br />are issued for the purpose of improving and increasing the water supply of
<br />said City, under and by virtue of, and in full conformity with and pursuant
<br />,
<br />to an ordinance of the City of Charlottesville adopted November 9th, 1944
<br />and spread in Ordinance Book 2, page 332-333 and approved by the voters of
<br />the City at a Special Election held for that purpose on December 12th, 1944
<br />in accordance with the Charter of the City of Charlottesville, and the Laws
<br />of the State of Virginia. We have examined the Constitution and statutes of
<br />the State of Virginia, including the Charter of the City of Charlottesville,
<br />and certified copies of proceedings of the Council of said City, authorizing
<br />the issuance of said bonds, also an executed bond of said issue, No. 1.
<br />In our opinion said bonds have been authorized and issued in
<br />'
<br />.accordance with the Constitution and statutes of the State of Virginia, including
<br />the Charter of the City of Charlottesville, Virginia, and constitute valid and
<br />legally binding obligations of the City of Charlottesville, Virginia, and said
<br />City has power and is obligated to levy ad valorem taxes for the payment of
<br />said bonds and the interest thereon, upon all property within said City subject
<br />to taxation by said City, without limitation of rate or amount.
<br />Very truly yours,
<br />'
<br />WOUP HOFFUAN, KING & DAWSON (signed)
<br />
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