Minutes 04/29/1968 - Laserfiche WebLink

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The within bond has been registered as to principal only, as follows: Name of Registered Holder Signature of City Treasurer Date of Se~istration Section 8. The City Treasurer is hereby authorized and directed to provide a suitable book or books for the registration of said bonds and to carry out the provisions set forth in said bonds for the registration and transfer of said bonds. - Section 9. The Mayor and City Clerk are hereby authorized and directed to cause said bonds to be prepared and to execute said bonds in accordance with their terms. WHEREAS, the Council desires to make provision for the sale of $3,900,000 of Bonds of the City of Martinsville authorized by ordinances adopted by the Council of said City on January 13, 1966, and March 24, 1966, BE IT REroLVED by the Council of the City of Martinsville, as follows: (1) Said bonds shall be sold at public sale pursuant to and in accordance with the following Notice of Sale: OOTICE OF SALE CITY OF MARTINSVILIE, VIRGINIA $3,900,000 Publi c Improvement Bonds - - - - - - - - - - - - - - - Sealed bids will be received by the Council of the City of Martinsville, a municipal corporation of the Commonwealth of Virginia, until 11 o'clock, A.M., Eastern Daylight Time, on the 23rd day of May, 1968, at the office of the Treasurer of the Commonwealth of Virginia, Roam 101, Finance Building, Capitol Square, Richmond, Virginia, for ,- $3,900,000 Public Improvement Bonds of the City of Martinsville. The bonds are dated May 1, 1968 and will be payable in annual installments on May 1 in each year as follows: $200,000 in each of the years 1969 to 1987, inclusive, and $100,000 in the year 1988. The bonds are coupon bonds of the denomination of $5,000 each, registrable as to principal only, and payable without option of prior redemption. Principal and interest shall be payable at the principal office of the First National City Bank, New York, New York, or, at the option of the holder, at the First & Merchants National Bank in the City of Richmond, Virginia or at The First National Bank of 29,'+ (e)