Minutes 09/19/1957 - Laserfiche WebLink

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THURSDAY SEPTE~BER 19, 1957 and (3) declared that, provided the required majority of registered freeholders and non-freeholders approve the issuing of $2,500,000 for the purposes set forth in the aforementioned ordinance, effective January 1, 1958 a mont..~ly sewer service charge (to replace the present sewer service charge) of an amount equal to lOO% of each locaJ customer's monthly vvater bill shall be assessed against and collected from each respec tive water user, subject to such exception the Council shall determine regardin€ the few wat.er customors it will be impractical for the City to provide sewer service. The ordinance as am.ended and adopted follows: AN CRDINANCE AUTHOEIZING THE ISSUANCE OF $2,500,000 OF BOliJDS OF THE CITY OF MARTIlSVILLF. TO FINANCE THE COST OF IMPROVIID THE CITY'S SEWAGE DISPOSAL SYSTEH At'rD PROVIDING FOR THE SUBMISSION OF THE QUESTION OF ISSUING SAID BOl'-JW TO THE QUALIFIED VOTERS OF THE CITY. V<ffiEREAS, the City of Martinsville has, for many years, w~intained and operated a sewage disposal system for the collection and disposal of sewage, and the Council of said City deems it advisable that said sewage disposal system shall be improved in the manner hereinafter set forth; and ~rnEREAS, said City has been deriving a revenue from the operation of such sewage disposal system and such sewage disposal system is now and, when it has been improved in the manner hereinafter set forth, will be a specific undertaking from which the City may hereafter derive a revenue within the meaning of Section 127 of the Constitution of Virg.inia; NOW, THEREFORE, HE IT ffiDAI.NED by the Council of the City of Martinsville, Virginia, as follows: Section 1. The Council of the City of MartinBv:i.lle has ascertained and hereby detennines that the public interest requires that the sewage dispof::al system maintained by the Cit-y shall be improved by constructing and equipping a sewaGe treatment plant to be located on a suitable site, and by corn tructing the intercepting sewers necessa.ry to connect the City's existing sewage disposal system with such sewage treatment plant, and by constructing additional sewers needed for the collection of sewage, and by acquiring the lands or rights in land required for the making of such improvements, and that it is expedient that said Ci-bJ shall borrow money and contract indebtedness and issue its bonds, as hereinafter provided, to finance the cost of such improverents. Section 2. In orde,:, to finance the cost of making said improvements to said cewage disposal system, the City of Martinsville shall issue its negotiable bonds of the aggregate principal amount of $2,500,000 pursuant to and in accordance with Cha.pter 193 of the Acts of 1950 of V:irginia, and also Article 3.l of Chapter 22 of Title 15 of the Code of V:irv,inia, 195o. Said bonds shall be issued under aDd in compliance with the provisions of Clause (b) of Section 127 of the Constitution of Virginia, and, subject to the condit.ions prescribed by said clause, shall not be included within the other- wise authorized indebtedness of said City.