The free lance. (Fredericksburg, Va.) 1885-1926, 1905-06-17

" - A%AAftA''
Mr. Somcrvlle then offered this resolu
ton, which was adopted
Whereas. the city OF Fredericksburg
has been authorized To issue bonds e
the amount of SD. 900 for "A supply q
gas and water, Tor which the city mal
derive n revenue, by an ordinance Oi H.
City Council enacted in accordance viii
sections l23 and Ia of theConstitutioI
Oi Virginia, aud approved 10y theaiiirma
tive vote oi the majority OF the qualitie,
voters of the city, voting upon the ques
/ ton OF their issuance at u special election
held for that purpose on the 2.'rd day %
May, 1908;
And whereas the National Bank %
+ fredericksburg has Offered Ia lend IN,
city said sum oi S2J,OOO. the said LOAF
/ to bear four per cent. interest. payable
semi-unnually and to bc evidenced bl
/ TWENTY-FIVE bonds Oi the city ui Fred
ericksburg OF the face value oi one thouS
and dollars earh. payable tO bearer iiv'
of said bonds To be payable Oh the llrsi
! day of November. 1906; five ON the first
dny of November. 1907; five ON first day
of November, 1905, five on the first day
OF November, 1909: five ON the first day
OF November, 1910; said bonds Ia ID,
printed with coupons for interest at
tachrd; the city To have theprivllegr ol
paving one or more or all OF sald bonds
before their maturity
Resolved 10y the Council, That the offer
Of the National Bank ol Fndcrlckshurg
be- aud the same * hereby accepted, and
the Finance Committee OF the Council Is
hereby authorized 10 have said bonds
printed and the said bonds shall be- duly
executed, the Mayor and Clerk oi the
| Council signing the same and attaching
the seal of the city thereto, and the cot-
p0nS shall b. signed 10y the Treasurer ui
/ the city.
And the said Committee ON Finance
shall determine the date of said bonds
and shall deliver the Same To the Ma
tional Bank Of Fredericksburg. upon
said bank placing tO the credit Of the
/ City Treasurer in said bank the sum ul
$2J 900. and the City Treasurer shall
/ keep said fund separate from the general
funds OF the city, and the same shall onlA
be applied m the Council shall direct to
/ the gas aud water works improvements.
And the City Treasurer shall pay the
| interest coupons on said bonds as the
same mature, and said treasurer shall
pay the principal OF said bonds as the
said bonds mature.
Col. Cole presented the resolution be-
/ low. which was seconded 10y Mr.. Watson
and unanimously adopted:
Whereas, the question has been raised
~ 10 the legal right OF member Of the
/ City Council To furnish material. go0d-
or any merchandise To contractor do
| ing contract work for the corporation
or 10 sel such material goods or mer
chandi-, 10 a committee Of the City
/ Council or 10 member thereof. orto am
officer of the corporation orotlrr person
connected with the city government. lof
/ the Use of or consumption 10y the city
and
Whereas there sremsto bea difference
oi opinion on the subject. and il Is i'm
portant that the members al tn, council
should know the law in the matter, be-. il
Resolved. That the whole subject br
and il il hereby. referred To- the city Al.
| tOrney and the Commonwealth AttOr
ney. with the request that they thor
oughly examine into the QUESTION and
report their decision therein in writing
Ia the next meeting OF this council.
Signed. f. b. Cole
\ letter from W. D. Duke. general man
ager Of the H.. +. n F. r. H.. was pre-
Sented by Mr. Morrison in regard 10 run
ming railroad tracks into the new ga'
works. The committee was granted the
necessary authority 10 have their part
of the work done.
The Council adjourned