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Minutes 05/13/1969
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Minutes 05/13/1969
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City Council
Meeting Date
5/13/1969
City Council - Category
Minutes
City Council - Type
General
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<br />-1-2 <br /> <br />TUESDAY <br /> <br />MAY 13. 1 969 <br /> <br />it is registered, unless this bond shall be discharged from registry <br />by being registered as payable to bearer. Such registration shall not <br />affect the negotiability of the coupons, which shall continue to pass <br />by deli very. <br /> <br />This bond is one of an issue of bonds of like date and tenor, except <br />as to maturity and interest rate, issued pursuant to the Public Finance <br />Act of 1958 (Chapter 5 of Title 15.1 of the Code of Virginia, 1950), and <br />ordinances duly adopted by the Council of said City on January 13, 1966 <br />and March 24, 1966, pursuant thereto, and approved by the affirmative <br />vote of a majority of the qualified voters of said City voting upon the <br />question of their issuance at elections held in the City on February 8, <br />1966 and April 16, 1966, for the purposes of financing the cost of the <br />construction of new municipal buildings, and jails or prisoner detention <br />facilities and the cost of the construction, reconstruction, and <br />improvement by the erection of additions, of school buildings and <br />facilities in the City. <br /> <br />It is hereby certified and recited that all conditions, acts and <br />things required by the Constitution or statutes of the Commonwealth of <br />Virginia to exist, be performed or happen, precedent to or in the <br />issuance of this bond, exist, have been performed and have happened, and <br />that the amount of this bond, together with all other indebtedness of <br />the City, is within every debt and other limit prescribed by the <br />Constitution or statutes of said State. The full faith and credit of <br />the City are hereby pledged to the punctual payment of the principal of <br />and interest on this bond according to its terms. <br /> <br />IN WITNESS WHEREOF, the City has caused this bond to be signed by <br />its Mayor and attested by its Clerk of Council, and the corporate seal <br />of the City to be hereunto affixed, and the coupons hereto annexed to be <br />executed with the facsimile signatures of said Mayor and Clerk of Council, <br />and this bond to be dated May 1, 1969. <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />Clerk of Council <br /> <br />(Form of Coupon) <br /> <br />NO. <br /> <br />$ <br /> <br />May <br />On the first day of November, 19__, the CITY OF MARTINSVILLE, a <br />mlwicipal corporation of the Commonwealth of Virginia, will pay to bearer <br /> <br />DO LLARS ($ <br /> <br />) <br /> <br />at the office of the First National City Bank, New York, New York, or, <br />at the option of the holder, at the First & Merchants National Bank in <br />the City of Richmond, Virginia, or at The First National Bank of <br />
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