Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1903-03-21
THE BOND ISSUE.


lature. as follows:
Be II enacted by the General Assem-.
DIV Of Virginia. That the mayor snd
council Of the city Of Williamsburg be,
and they are hereby empowered to
issue bonds Of the said city aud tn borrow
money. not TO exceed in ire aggregate
the sum Of thirty thousand ESQ Ooo.Oo)
dollars as hereinafter provided, the pro-
| ccss}s from the sale OF said bonds. OF SO
much thereof as msy be Necessary. to lie
| expended in tie establishment of 3 sys.
ZEN Of water works Tor fire extinguish-
irg and domestic uses, and Tor the
equipment offs FIRE department for said
CITY, or such OF the above purposes SIS
may be prescribed by the said council, /
and TO meet sn expenses connected /
Herewith ss msy be determined upon
by the sid council
> The said bonds shall Je coupon bonds
and shall he issued IN denominations Of
Eve hundred (s.Oo00l dollars. and shall
bear interest al rate not 70 EXCEED
I've Isl per centum per snnum. The in
: terest on said bonds shall be paid semi.
annually On the hrst day OF February
, ! and August e esch year. and shall be
= rrayAole 81 the office OF the treasurer OF
. the county OF James City and the city
s | O; Williamsburg. and 81 such bsRk or
!. banking house in said city as may DE
K selected and designated by the said
: council. The principal OF said bonds
d shall be payable In thirty (So) years
10 from dlte Of issue. The saii bonds
OF sbSl. be signed 10y the mayor aud c0un.'
lie ersigne6 by the clerk Of the council. anC
10 shall be sold and negotiated in sucl
L. nAnner Is msy be prescribed by h
OF said mSyor and council: provided, tha
Of the said bonds shall not be sold or ne
4 rotiatel for less than their par yslue.
no 3 The council Of the said city shall hay
as fun and unlimited control OF the eNpei
diture OF the funds derived from 4
sale of said bonds provided, that So
bonds shall not be issued or negotise'
- uAtil tie question has been submitted
"a vote Of the people Of said city, 10y
a. election ordered by the court for I
,ev. county OF James City sid the city
90 Williamsburg AID II shall appear
Z f the report OF the board OF commissiC
lot ers. 70 be appointed by the sad oou
and 70 consist Of not less than three
freeholders OF the said CITY. that
msicritv Of the qualified voters Of S
VITA CITY voting upon the question are
80. favor OF issuing sad boais. and I
II 7 said majority include 4 rjority OF
did votes cast by freebo.ders Al s.
e 4 election. The vote shsl be taken '
voce. and as each elector preseats h
Tor sell his full name shall be recorded i
rand book 70 &c PROVIDED fCr the purP
f1I snd he shall be recorded for bond
- sue or against bond issue, Is he
i bv elect. and shall also be recorded
s-ireeboldeT,r OF mot ireeholder'' a.
case nay be. Notice OF Il. time, s
and object OF said election shall be
Two en by publication for al least on'
tb;. week Tor four a. consecutive week
the Virgins Gazette" Tn
pense Of SAID election shall DE paid
49, Of the treasury OF said citT-
, ~oi- II shall &c TIC duty Of
liars Judge Of the SAID court lot the cit
ut ten order al election As provided for
The upon = resolution adopted 10y
SO ~, thirds vote OF the members Of the
ell q said city, and properly Gel
by the clerk CT the said council.
5. The ccuncil OF the said city
49,. Il each annual levy. lay ASIDE. 10
= - thirty years The bonds have 70 J
rds OF sufficient amount 20 cover the il
ylors = OF said bonds, AID such further g
= nay be determined upon each ye
n snd be placed 70 the credit Of the 81
money fund. % be created for the redsn
Of re- OF the s4id bonds, before any por
the revenue OF the said city IL
- frs, pzssted 20 any other purposes 3
taking the maturity Of the said bonds.
70 ny the expiration Of the said thirt
Se--1n. years. the council Of said city sha
lawful provision for their payne
0 The council may provide,
solution passed by twothirds Of
own as tire council. that no corporati
sD1rss 20 shall b levied or assessed OF said
1l'@ Z. Should any balance or cE'
~ I'm main. the council Of the .
ID good -. ..,,tor;,ed and emoo,x