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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 />~) ~) <br />-.i ..... <br /> <br />TUESDAY <br /> <br />MAY 13, 1969 <br /> <br />Martinsville and Henry County in the City of Martinsville, Virginia, <br />or at the Piedmont Trust Bank in the City of Martinsville, Virginia, <br />in any coin or currency of the United States of America which is then <br />legal tender for the payment of public and private debts, being the <br />interest then due on its Public Improvement Bond, dated May 1, 1969, <br />No. <br /> <br />Mayor <br /> <br />Clerk of Council <br /> <br />The within bond has been registered <br />as to principal only, as follows: <br /> <br />Date of <br />Registration <br /> <br />Name of Registered <br />Holder <br /> <br />Signature of City <br />Treasurer <br /> <br />Section 8. The City Treasurer is hereby authorized and directed <br />to provide a suitable book or books for the registration of said bonds <br />and to carry out the provisions set forth in said bonds for the <br />registration and transfer of said bonds. <br /> <br />Section 9. The City Council hereby accepts the offer to purchase <br />the $1,800,000 Public Improvement Bonds of the City heretofore described <br />which was submitted by the Piedmont Trust Bank and The First National <br />Bank of Martinsville & Henry County, both in Martinsville, Virginia and <br />said bonds are hereby awarded to the Piedmont Trust Bank and The First <br />National Bank of Martinsville & Henry County, both in Martinsville, <br />VirgLnia, said bonds shall mature and shall bear interest as hereinbefore <br />set forth in this resolution. The Mayor and the City Clerk are hereby <br />authorized to cause said bonds to be prepared and to execute said bonds <br />and to deliver said bonds to the purchaser(s) in Richmond, Virginia, upon <br />receipt of the purchase price offered for said bonds in accordance with <br />the terms of said offer. <br />
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