Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1916-02-23
OFFICIAL

:ance Committee Of the City Council
to issue tn the Commissioners of the
Sinking Fund the obligation Of the
CITY Council in the form Of interest
Nearing certificates in lieu Of cou-
nor, Bonds of the issue of 1908 pur-
chased with the receipts OF the Sink
ing Fund and surrendered to the City
! Council. ., ~,
Whereas. there was passed by the
ECitv Council April 81, 1903, and APP
proved by the Mayor April %, l90S,
an ordinance as follows:
IAN ordinance to provide for the is
sue of Seven Hundred and Forty Five
Thousand Dollars of registered or
non-registered coupon bonds OIL the
City Of Alexandria for the purpose OF
:refunding or redeeming the outstand-
! ing bonds of the City of Alexandria,
issued and dated July LIST. 1879, and
to provide for Sinking Fund as re-
quired by Law, and,
Whereas, all the requirements SET
forth in said ordinance have been
compiled with, and the Finance Com
mittee having made final and 1uli
report to the City Council on Deem
her IS, 1910, which report showed IN
detail the sale Of bonds OF the issue
of 1908, the exchange of bonds OF the
issue Of 1879 for Il corresponding
amount and denominations OF PONDS
of the issue of 1908, and the redcmp-
ton of bonds of 1879, purchased ny
| the City Council, and,
Whereas, by Section 6. of the or
lnance passed April q, 1908 and APP
proved April %, 1905, it is provided
| that,
"A sinking fund for the redemption
7 and payment of the bonds issued I'M
/ der and by authority OF this or"i.
nance is hereby created, to be vested
in beard known as the "Commls-
sioners Of Sinking Fund Tor Bonds OF
1905" The Mayor, City Treasurer,
Auditor, President Of the Board OF
Aldermen, and President Of the Com
mon Council shall compose the SAID
board. The City Council OF AlcNandrla
| shall pay into the City Treasury, to
the credit of the said Commissioners
annually. until the First day of July
nineteen hundred and eighteen, sum
equal TO one per cent of Seven Hun
drcd and Forty-fvc Thousand Dol
lars. Annually from the First day OF
July, nineteen hundred and eighteen
! until tie First day Of July, ninc;eer
! hundred and twenty-cight, q sum
! equal to one and one-half per cent oil
said bonds then outstanding. And an
! nualIy from the First day OF July
! nineteen hundred ard tWenty-eigft
| until the first day of July, nineteen
4 hundred and thirty-eight, sum equa
/ TO two per cent of the said bonds
J then outstanding. The said Commits
! soners shall have the power to in.
! vest any moneys deposited with th'
( Treasurer of the City Of Alexandria
| to their credit from time to time, tax
ing such security therefor as may be
approved by the Finance Committee
of the City Council Of Alexandria
and.
Whereas, The Commissioners Of tic
Sinking Fund during the period july
LIST. 1909. January 5th.. 1916, have
purchased Sixty Three Thousand Five
Hundred Dollars of said bonds. Thirty
four bonds OF One Thousand each, OF
Thirty four Thousand Dollars were
surrcnded by the Commissioners oil
the Sinking Fund TO the Finance Com
mittec. and destroyed by fire, and the
| Commissioners of the Sinking Fund
now owning Twenty Nine Thousand
Five Hundred Dollars. or Twenty
seven bonds of One Thousand dollars
each, and Five bonds of five hundred
dollars each of the issue Of 1908,
that the Commissioners Of the Sinking
Fund asserting thereto. be il or
dained, ,,..i.i'$ .r,,".:;' '.&
Section t. That upon the surrender
Of these bonds with coupons attached
thereto. due July 1st, 1915, to matu-
riLy, the F'inancc Committee be. and
they are hereby authorized to issue
in lieu thereof the obligation Of the
City in amounts corresponding with
the bonds surrendered, and bearing
the same rate of interest and ma
turing on the same date.
Section 9. On July lst.. 1916. and
each and every year thereafter on
| July 1st.. the Commissioners of the
Sinking Fund, shall. purchase bonds Of
the issue Of 1908, which bonds shall
be surrendered to the Finance Com
mittee and the obligation Of the city
in amounts corresponding TO the bonds
surrendered. and bearing the same
rate Of interest and maturing, on The
same date as the bonds, shall be issued.
Section 3. These obligations shall
be designated interest bearing certi-
ficatcs of the City Council due the
Commissioners of the Sinking Fund.
and The interest thereon shall be paid
into the City Treasury to the credit
OF the Sinking Fund each year in the
month of July.
Section i. These interests Bearing
Certificates shall be issued in the
name of the City. Council Of Alex
andria, shall be signed by the Mayor
and countcr-signed by. the Auditor.
the corporate seal affixed thereto, ana
issued by the Finance Committee.
Section 5. In book 20 be kept for