Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1902-03-14
OFFICIAL.

An ACT to suthorizs the City Council Of
ALEXANDRIA to issue its coupon bonds,
called Public Improvement Bonds, to the
amount OF fifty thousand (50.000) dollars,
for the purpose OF making street and sewer
improvements In the city of Alexandra,
and for the purpose OF improving the City
Gas Works, and to provide sinking fund
for the payment OF said bonds.
1 Be 1t enscted by the General Assembly
Of virginia that the City Council Of Alexsn-
andris be, and IL Is hereby, authorized to
issra its coupon bonds, called Public Improve
mant Bonds, to the amount Of fifty thousand
(6O. OOO) dollars, of such denominations as
the City Council may determine, to bear In
terest at rate not TO exceed four per centum
per snnun, payable semi'snnuslly in Janu-
airy and July, the principal TO be due and
payable thirty 800 years after the date oil
their issue provided, however, that no Issue
Of said bonds shall be made under this act
prior to June !, 1902, and that no issue Of
said bonds shall be made unless the ordi-
nance providing for the same, shall receive the
vote Of 9 majority OF al the members OIL escn
branch Of the City Council
2. That full power and authority Is here
by given TO the Mayor and City Treasurer 10
prepare and issue the said bonds In such
forms, and each for such sam, "a the City
| Council shall prescribe.
Each of the bonds shall be signei by the
Mayor and the City Treasurer, and shall be
countersigned by the Auditor Of the city Of
Alexandris with the corporate seal Of the
city affixed thereto, and each Of the coupons
shall have the name of the City Treasurer
affixed thereto.
Full power and authority 10 hereby given
to the Mayor and the City Treasurer in con-
junction with the Finance Committee Of the
City Council 10 make sale Of said bonds.
g. That said bonds sud coupons shall be
| exempt from any and all tsxation by the
| CITY Council OF Alexandria, and that said
1 coupons shall be received in payment Of any
and ell dses to the said City Council, and of
all taxes levied or ASSESSED BY the said City
Council.
4. That the funds derived from the sale
OF said bonds shall be deposited in the City
Treasury as separate and special fund,
which shall be known and styled ss the
"Public Improvement Fund.-" and which
fund shall be used only for street and sewer
improvements and for improving the City
Gas Works.
s. That the said City Council shall create
q sinking fund to be applied TO the redemp'
ton and payment Of the bonds iss7ed under
and by authority Of this Act and shall an
nually, until said bonds are paid, cause TO be
paid into the City Treasury, to the credit Of
said sinking fund, Q rum amounting to 81
least three per centum OF the total issue oil
said bonds.
6. That the Mayor, Treasurer, Auditor
| President Of the BosId Of Aldermen and
President Of the Common Council shall com
uose q board known IS the Commissioners OF
the Public Improvement Sinking Fund. and
L .Ion kaw ha N m
deposited with the Treasurer Of the city oil
| Alexandria to their credit, from time to time
taking such security therefor az may be sp
proved by the Finance Committee Of thu
City Couocil Of Alexsndris.
7. That the City Council shall not issu
) any bonds as provided for in this Act until l
c shsil have called . special election for tn
purpose and submitted the question Of issuin
| the bonds under this Act to the qualities
voters of the city OF Alexandra, and be IstI
fed by q msjority of those voting at sale
D election.
. The City Council shall cause a notice o
said election to be published for thirty go
days in the daily newspapers in the city Q
Alexandria and the said election shall be oor
= Quoted In the same msnner as the election
Q State officers is conducted.
4 8. That II st such election majority q
such Quallned Voters shal vote 10 ISSUE SUI
bonds the City Council Of Alexandria
. hereby authorized to enact such ordinance
az may be necessary to effectuslly carry gu
g the provisions and the full intent and meal
o ing Of this Acts
}. section /. Be it ordained by the Cit
;. Cosncil Of Alexandria that the Clerk Of th
= Common Council do forthwith transmit cert
fed copies of this ordinance to senstor :. 1
Donohoe and Delegate James Z. Cation Of tn
0 General Assembly Of Virginia, with the ~
1 quest that they secure the passage OF 40 a
embodying the provisions Of this ordnance
q Section 2. Ali ordinances or parts Of ord
, nances in conflict with this ordinance al
- hereby repealed.
. Section 8. This ordinance shall be in for
l. from its passage.
10 Passed Common Council March IL, 100
d 3. ]. PAFF, President.
1t Passed Board Of Aldermen March IL, 100
1T, SWEENEY, President
LUTHER II. THOMPSON, CleI
:, Approved March II, 1902.
81 GEO. L. SIMPSON, Mayor.
~ Teste; DANIEL 3. STANsBURY, Clerk, G.