Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-27

AN ORDINANCE PROVIDING
FOR THE ISSUANCE AND SALE
OF $4,000 GAS WORKS BO On! =
OF THE CITY OF ALEAANDRRI1Ea
STATE OF VIRGINIA, PRESCk11Sb D.
ING THE FORM OF SUCH BONDS
pR0VIDING THAT SAID BONDS
SHALL BE EXEMPT FROM LOCAL
TAXATION, AND PROVIDING FOR
THE LEVY AND COLLECTION Or
A DIRECT, ANNUAL TAX ON AL
TAXABLE PROPERTY WITHIN 1H
THE CITY. FOR THE PAYMENl
OF THE PRINCIPAL AND lNiEh'
EST OF ALL OF SAID BONDS.
WHEREAS, it is deemed expedi.
ent by the City Council of the City
of Alexandria, Virginia, that the sun:
of One Hundred Eighty Thousand
Dollars $3.50, 900 be borrowed by the
CIV. for the purpose Of paying 1ol
extending and charging the gas
works owned and operated by the
CITY of Alexandria, and that bonds DC
is NOW THEREFORE, BE IT OR
DAINED BY THE CITY COUNCIL
OF THE CITY OF ALEXANDRIA,
STATE OF VIRGINIA:
Section THAT negotiable coupon
bonds of the City of Alexandria, state
of Virginia, in the sum OF One ho on
dred Eighty Thousand Dollars SSloo-
O0O) be issued for the purpose OF pay.
inq for extending and charging the
ras works owned and operated by the
Citv of Alexandria; that said Donos
shall be $50 in number, numbered
from / to 1870 inclusive, of the denoml-
nation of 81 900 each, and shall De ae,
sipnated "Gas Works Bonds. oalu
bonds shall be dated the first day OF
October. 1921, and shall mature with
ont ontion serially in the following
manner: $4,000 on the first day OF
Octobcr 1887, $4,000 on October |, IN
oarb of the wears from 1888 to 1900
inclusive and $4,000 on October !,
1856. Said bonds shall bear lnteres ~
at the rate of six per centum pea
annum, payable semi-annually on tne
first days of April and October IN each
year., .ho1 ha sion,
od nv the Mayor and attested by tne
C1ari of the Common Council, ana
Auditor of Public Accounts, and tne
seal of the City shall be a1tixea -
each of said bonds. The coupons az
tached to said bonds shall be exc
cntnd with facsimile OF the sigma
tnres of said officers and the signing
of said coupons with said facsimiie
SIGNATURES is hereby recognized as
Sufficient execution of said coupon"
an hnhalf of said City of Alexandra.
bv said Mayor, Clerk Of Common
Council and Auditor of Pubic AZ
counts. Both principal and interest u
said bonds shall be payable IN goid
coin of the United States OF America.
If tho present standard of weight anc
Section 3-That said bonds, whcr
issued. shall be exempt from an 10
cal taxation during the period lor
which the said bonds are made pay
able, and the fact of such eXemptlon
from local taxation shall be set 1orVii
on the face Of the bonds. ;.
Section 4.-That said bonds snai
bc negotiable and pass by deliver
unlcss registered as to prlnclpal III
the owners name on the books OF the
Auditor of Public Accounts OF inc
CITY of Alexandria, Upon presehta-
tion to the Auditor of Public Accounts
of any bond for the purpose OF regis
tration, the Auditor OF PUBIC AZ
counts shall register the same on ths
books in his office and shall note the
registration thereof on each BOND SC
presented and registered. Upon pre-
sentation of any such registered oonu'
accompanied by a written power 10
transfer the same, executed and ac~
knowledged by the registered owner
for the time being, in form approx
cd BY the Auditor Of Public accounts
such bond shall be transferable upon
the books of the Auditor OF Public &C
counts to the person or persons ue
sicnated in said power. The regisIeIee
owner Of any such registered PONG
shall also have the right to cause the
same to be registered, as payable Z
bearer. and thereby transterability D
delivery shall be restored, and there
after until further registration, the
principal of such bond when due shall
be payable to any person prescntiiix,,
the bond, but such bond shall, at all
times before the payment of the prln-
cipal thereof, continue subject to sue
cessive registrations and transfers TO
bearer as before. The coupons OF any
bond shall be payable to bearer, not,
withstanding the registry of the bone