|
<br />TUESDAY
<br />
<br />AUGUST 27, 1957
<br />
<br />The CITY OF MA.RTINSVILLE (hereinafter referred to as rrCityfl), a
<br />municipal corporation of the Commonwealth of Virginia, hereby ackn~fledges
<br />itself indebted and, for value received, promises to pay to the bearer of
<br />this bond, or, if this bond be registered, to the registered holder hereof,
<br />the principal sum of
<br />
<br />ONE THOUSAND DOLIARS ($1,000)
<br />
<br />on November 1, 19 , and to pay interest thereon from the date of this bond
<br />until it shall mature at the rate of
<br />per centum ( JO per annum, payable semi-annually on May 1 and
<br />November 1 in each year, upon presentation 2nd surrender of the annexed
<br />coupons therefor attached hereto as they severally becoBe due. Both
<br />principal of and interest on this oond will be paid at the principal office
<br />of The First National City Bank of New York, in the Borough of Manhattan,
<br />City and State of New York, or, at the option of the holder, at The Frrst
<br />National Bank of Martirnville and Henry County in the City of Martinsville,
<br />Virginia, or at the Piedmont Trust Bank in the City of Martinsville,
<br />Virginia, or at the Southern Bank of Commerce in the City of Martinsville,
<br />Virginia, in any coin or currency of the United States of America which at
<br />the time of pa;yment is legal tender for the payroont of public and private
<br />de bts .
<br />
<br />This bond may be registered as to principal by the holder in his name
<br />on the books of the City kept in the office of the City Treasurer of the
<br />City, and such registration shall be noted hereon by said City Treasurer,
<br />after which no valid transfer of this bond shall be lTade except on selid
<br />books, until after registered transfer to bearer. If this bond be so
<br />registered, the principal shall thereafter by payable only to the
<br />registered holder hereof. Such registration shall not affect the negoti-
<br />ability of the coupons, which shall continue to pass by delivery.
<br />
<br />Th:Ls bond is one of an issue of bonds of like date and tenor, except
<br />as to rate of interest and maturity, aut.1,orized by an ordinance adopted by
<br />the Council of the City on April 23, 1957, in accordance with Section 127
<br />of the Constitution of Vn-ginia, and approved by the affirmative vote of
<br />two-thirds of the qualified voters of the City voting on the question of
<br />their issuance at an election duly called and held on May 31, 1957, which
<br />two-thirds included a majori t:y of the qualified registered voters ~{ning
<br />real estate in the City who voted on said election, and is issued pursuant
<br />to Chapter 193 of the Acts of 1950 of Virginia, as amended, am Article 2
<br />and Article 4 of Chapter 19 of Title 15 of the Code of Virginia, 1950, to
<br />finance the construction of new school buildings and the enlargement and
<br />reconstruction of existing school buildings and the acquisition and grading
<br />of lands recessary for use as sites for such school buildings and school
<br />grounds and the installation in such buildi l1Ss and grounds of necessary
<br />apparatus and equipment.
<br />
<br />It is hereby certified and recited that all conditions, acts am
<br />things required b;y the Constitution or statutes of the State of Virginia to
<br />exist, be performed or happen precedent to or in the issuance of this bond,
<br />exist, have been performed and have happened, and that the issue of bonds
<br />of which this is one, together with all other indebtedness of the City,
<br />
<br />
|