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AN ORDINANCE AUTHORIZING THE ISSUANCE OF FIVE HUNDRED
<br />THOUSAND DOLLARS ($500,000.00) OF BONDS OF THE CITY OF
<br />CHARLOTTESVILLE TO BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS,
<br />SERIES OF 1958"
<br />.
<br />WHEREAS, THE ISSUANCE OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) OF SERIAL BONDS OF THE CITY OF
<br />CHARLOTTESVILLE, TO
<br />BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS, SERIES OF 1958" HAS BEEN APPROVED BY AN
<br />ORDINANCE ADOPTED BY
<br />THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, ON FEBRUARY 3, 1958 AND SPREAD
<br />IN ORDINANCE BOOK 31
<br />PAGES 294-296, AND ADOPTED BY THE VOTERS OF THE CITY AT AN ELECTION HELD FOR THAT
<br />PURPOSE ON MARCH 18,
<br />1958 IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE AND THE LAWS OF THE
<br />STATE OF VIRGINIA.
<br />NOW THEREFORE,
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE:
<br />(1) THAT THERE
<br />SHALL BE ISSUED FIVE HUNDRED THOUSAND DOLLARS ($5001000.00) OF SERIAL BONDS OF THE CITY
<br />OF CHARLOTTESVILLE,
<br />TO BE KNOWN AS "SEWERAGE IMPROVEMENT BONDS, SERIES OF 1958"; THAT SAID BONDS SHALL BE IN
<br />DENOMINATIONS OF ONE
<br />THOUSAND DOLLARS ($1,000.00) EACH, NUMBERED 1 TO 500, INCLUSIVE, ALL DATED THE FIRST DAY
<br />OF MARCH, 1960, AND
<br />MADE PAYABLE TO BEARER SERIALLY AS FOLLOWS: BONDS AGGREGATING TWENTY-FIVE THOUSAND DOLLARS
<br />($25,000.00 SHALL BE
<br />PAYABLE ANNUALLY ON THE FIRST DAY OF MARCH IN EACH YEAR FROM 1961 TO 1980, BOTH INCLUSIVE.
<br />•
<br />ALL OF SAID BONDS
<br />SHALL BEAR INTEREST AT THE RATE OR RATES NOT, HOWEVER, EXCEEDING TWO RATES, AND NOT
<br />EXCEEDING FIVE PER CENTUM
<br />(5%) PER ANNUM, PAYABLE SEMI-ANNUALLY ACCORDING TO THE TENOR OF COUPONS FOR SEMI-
<br />ANNUAL INTEREST PAYMENTS TO BE THERETO ATTACHED, THE EXACT RATE OR RATES OF INTEREST TO BE DETERMINED BY THE
<br />RATE OR RATES NAMED BY THE BID WHICH IS ACCEPTED BY THE FINANCE COMMITTEE AND APPROVED BY THE COUNCIL.
<br />(2) THAT SAID BONDS AND COUPONS THERETO ATTACHED SHALL BE SUBSTANTIALLY OF THE FOLLOWING FORM AND
<br />N TENOR:
<br />"Mill
<br />- FORM OF BOND -
<br />UNITED STATES OF AMERICA
<br />STATE OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />SEWERAGE IMPROVEMENT BOND - SERIES OF 1958
<br />No. $1,000.00
<br />THE CITY OF CHARLOTTESVILLE PROMISES TO PAY TO BEARER
<br />ONE THOUSAND DOLLARS
<br />IN LAWFUL MONEY OF THE UNITED STATES ON THE FIRST DAY OF MARCH, 19 ) ON THE SURRENDER OF THIS BOND, WITH
<br />INTEREST AT THE RATE OF % PER ANNUM, PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF MARCH AND SEPTEMBER IN
<br />EACH YEAR, ON PRESENTATION OF THE COUPONS HERETO ATTACHED, BOTH PRINCIPAL AND INTEREST TO BE PAYABLE AT THE
<br />OFFICE OF THE TREASURER OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA.
<br />THIS BOND IS ONE OF AN ISSUE OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), ISSUED BY THE CITY OF
<br />CHARLOTTESVILLE FOR THE PURPOSE OF CONSTRUCTION OF A SEWERAGE DISPOSAL PLANT WITH APPURTENANCES ON MOORE'S
<br />• CREEK NEAR THE RIVANNA RIVER IN ALBEMARLE COUNTY, VIRGINIA, A SHORT DISTANCE FROM THE CITY LIMITS OF
<br />CHARLOTTESVILLE AND INCLUDING THE INSTALLATION OF ADDITIONAL COLLECTING SEWERAGE LINES FOR THE CITY OF
<br />CHARLOTTESVILLE.
<br />THIS BOND IS ISSUED BY THE CITY OF CHARLOTTESVILLE UNDER AND BY VIRTUE OF, AND IN FULL CONFORMITY WITH
<br />AND PURSUANT TO AN ORDINANCE OF THE CITY OF CHARLOTTESVILLE ADOPTED FEBRUARY 31 1958 AND SPREAD IN ORDINANCE
<br />BOOK 3, PAGES 294-296 AND APPROVED BY THE VOTERS OF THE CITY AT AN ELECTION HELD FOR THAT PURPOSE ON MARCH 18,
<br />19585, IN ACCORDANCE WITH THE CHARTER OF THE CITY OF CHARLOTTESVILLE, AND THE LAWS OF THE STATE OF VIRGINIA
<br />INCLUDING CHAPTER 19.1 OF THE CODE OF VIRGINIA OF 1950, AS AMENDED, AND THE FULL FAITH AND CREDIT OF THE CITY
<br />ARE PLEDGED FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST HEREOF.
<br />IT IS HEREBY CERTIFIED THAT ALL THE REQUIREMENTS OF LAW HAVE BEEN FULLY COMPLIED WITH BY THE PROPER
<br />OFFICERS IN ISSUING THIS BOND, AND THAT THE TOTAL AMOUNT OF THIS BOND AND OF THE ISSUE OF WHICH IT FORMS A
<br />PART DOES NOT EXCEED THE DEBT LIMIT PRESCRIBED BY THE CONSTITUTION OR STATUTES OF THE STATE OF VIRGINIA.
<br />• IN WITNESS WHEREOF THE CITY OF CHARLOTTESVILLE HAS CAUSED ITS SEAL TO BE HEREUNTO AFFIXED AND THE MAYOR,
<br />CLERK OF THE COUNCIL, AND TREASURER, HAVE HEREUNTO SUBSCRIBED THEIR NAMES THIS FIRST DAY OF MARCH, 1960.
<br />-MAYOR OF THE CITY OF CHARLOTTESVILLE
<br />
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