1921-06-04SPECIALJsmss ~ .PsYne Election S.00:
G. ~. Pa yne " S. 00~,
E.L .Price " ~.00~
J. E. Rive rc omb ~ S. 00'
L. C. Rcs inkr ~ns " 5.90 ~
W. ~. ~loge rs " ~.
W.B.Scri~ner "
O. 0 .Shsckelford " S. 00~
W .H.Smith ~ V. 80
J.D.Smith w
G.W.Smith " 4,00~
~, Y.Sut he rlsnd ~ 3. O0~
W.~.Shelton " $.00~
E.W.Ssndridge " 7.60 ~
D. L. $ sndr id ge " S, 0~~
J. 0.Th~o~msn " 3.00~
S .C.Tsylor ~' ~. 00,~~
J. B. Thomps on " 8 ~ 80 ~
W .!~i. Vis '~ ~. 00 ~
J.J.Wingfield " 3.00~
I .L, Woods on " 3.00~
R. B. ~?or t'hingt on " ~. 00~
Hsrry Wsddell " ~. 00 ~
~. K. ~Jysnt Jr. ~' 1.O0~
~llen ¥Mait e " 4.00 ~
$. T. ~ i t e " i. 00~
T. L. Whit e " ~ .00~
~t s s~oeciel meeting of the Boerd of Supervisors of ~lbemsrle
0ounty, V~. held st the 0curt House of ssid 0ounty oh the &th day of June, 1921,
Present: tick, is ~inehart. 0h~irmsn, S.~.0~thoun, ~,~.Prsy, 0.Pt~cell ~,~,tcOue end
C.~. Eiller.
R]{o0LV~D: Thst the Board of Supervisors of ~lbemsrle County do
hereby adopt ss their sesl two circles with the Words ~Bosrd of Supervisors of
~lbemsrle County" %vithin the two circles, and the word ~'Virginis~ in the center.
So;oervisor J.l~.Brsy introduced the following resolution which ~s
seconded' by Supervisor S.~.Csl~oun:
¥~f~,~S st a meeting of this Board o£ Supervisors held on the 18th
day of ~y, 1921, the 0hsirman of This Bos~rd was authorized to contract for the
sale o£ the ~300,000. ~tbemsrte 0ounty, Vs. Road bonds, end
~J~R~$ said t~ol!is Rinehart, 0hs~rmsn of This Board h~s contracted
with R,~,/[.Grsnt & 0ompsny, of New York 0ity, for the sale of ssi& bonds, end the
said R,i[.0=rsnt & 0ompsny has conditioned its bid of per end accrued interest upon
the funds arising from the sss! of said bonds being p!sced on deposit with them
free of interest for sn average period of six montlms ss £otto~:
June ~, 1921.
0hsirmsn ~osrd Supervisors,
~!'bemsrle Oounty, Va.
The attached bid; off which this memorandum
is hereby made s pert, of 'oar snd accrued interest, for your
,i~300,000, ~Ibemsr!e County, Vs. 6~ Road Bonds is made with
the tu~derstsr~ding that~ the funds arising £rom the sale of the
Bonds are to be left on deposit with us, free of interest,
for sn average period of si~: months end after the funds h~ve
been on deposit with us £or such s period, end in such amotu~ts
ss will pro~uce sn average deposit of six months, of the-
ftu~¢ls remaining unexpended and left on deposit with us,
we soiree to pay interest st the r~te o£ four & 1/~_ per cent
on such funds; ~during the average deposit of sL~ months,
the ftu~ds ere to be de-oosited with us free of interest)
~[e will guarantee the deposit by the bonds
themselves, or bonds of equal vs!ue or certified check.
Very truly yo~s,
~.,~g.~srsnt & 0ompsny,
By M.F.Schtster
~B~E~S said smendstory contract meets with the approval of this Board.
NOW THEREFORE, be it resolved that said smendstory contract be, end
the same is hereby approved end confirmed, end that the said ~unds arising from
the sale of the ;$~00,000. ~lbemarle County, Vs. 5% Road Bonds be deposite~ with
'~ '~'~ Gr~nt ~ Company, of New York 0ity, for ~n average period of si~ months.
The foregoing resolution wes upon roll call ~dopted by the following
vote:
O.~.Ei!!er.
Yearn.- Hollis Rinehsrt, S.R.Osihoun, ~.~.~,~,~ ~ = .... C.Purcell l~,~cOue, end
None.
Supervisor C.Purcetl i~![cOue introduced the following resolution which
w~s seconded by Supervisor C.~.~iller.
W~iNS~8 the immediate constr~ction of the ¥~estern end E~stern State
Roed rmm~ing from Charlottesville to the 0r~ge or Louisa ~ounty lines is of the
utmost importance to the County of ~lbemarle and the inhabitants thereof, ~nd
~P~R~S it is decided to construct said highway under the supervison
of the State Highway Conuuissioner and to borrow for ~th~t purpose on the bonds of the
Oo-~_uty tlue sum of ~SO0,O00. under the provisions of ~hspter l~ of the Laws of Virgir~ie
W?2,]P3,~tS the meeting of this Board of Supervisors held on the t8th
day of ~iay, 1921, the Chairman of this Board was authorized to contract for the
sale of such bonds of ~lbemarie Oounty, smd
with R.i%.~srent Co. f~ew' York City for the sale of said bonds, sub~ect to the approval
of this Board, which said contract is in condition and figures ss follo~ :--
Chsi~msn Bosrd of Supervisors,
~!oem~r!e 0ounty, Ys
Dear Sir:
For ~00,000. 6~$ ~lbemarle County, Va,
Road Bonds, maturing te~ years after date, optional
two years after date, interest and principal
payable ~t z~ew York City, coupon~ bonds in the
denomination o£ ~1000. we will pay you par and
accrued interest'.-
We' ~mderstsnd the bonds are the direct
general obligations of the entire 0ounty of~lbem~rle
you agreeing to £urnish us with ~ll legal papers had
in connection with the issuance of the~bonds,
evidencing to the satisfaction of 0Chh O,Thor~oson,
Esq. i,~ew i'ork City, or some other bonds attorney of
national reputation theft the bonds are legally and rag~
ulsrly issued and that the tax provisions are
Very truly yours,
E.m.,arant ~ Oompany,
By i~.P.~chlster
Z~R~u~, B.E i'~~ idESOLVED that said contract be and the same
is hereby approved and conffirmed ~ be it ~urther resolved that there be issued
by 21bemarle County, Virginia ~00,000. of bonds of said County, n~bered from I to
~00~ inclusive, off the denomination off ~,000.00 each, dated j~e let, 192~, p~y-
able June let, 19~l, redeemable at the option of ~lbem~rle County on shy interest
ps~ent date occurring sifter the expiration off two ~srs from the date off said bonds~,
bearing interest st the rate off s~ per centum per s~, payable semi-annually on
the let days off ~ end December, z~otice by publication in some newspaper publishe,
in the City of Charlottesville or in the Oomuty off ~lbemarle, once-~ week for four
consecutive weeks, shall be given of the inEertion off said County to redeem Shy of
said bonds prior to maturi2y; the nmnber ef the bonds so selected for red, emOtion to
be determined by lot speciffi~d in sa~ notice of redemption. Said bonds shall be
signed by the Chairman of this Board and countsrsi~ed by the Clerk of said Board
and shall ~ve the corporate seal of said ~Co~ty affixed thereto. The interse
coupo~:sttsched to said bonds shall be executed with the f~c-simile signatures of
said Chairman and s~id 0lark and said bonds and coupons shall be in substantially
the ffollowing fform, to-wit:--
~'z'~'E 0~~ Vi~GiNi~
~l ,000.
The County of ~lbemsrle in the State of Virginia, for value received
acknowledges itself indebted and promises to pay to bearer One Tho~snd Dollars
($1.000.00) on the first day of 0une 19al, together with interest thereon st the
rate of six per centum per annum, payable Seml-~rauuaily on the first d~ys of June
~nd December in each year upon presentation end surrender~ o£ the ~nne~ed interes~
eouDons ~s they severally ~scome due ~nd~p~ymble, both Princip~l s~d interest being
~y~ble in gold eoim of the ~nited states ef~.~meric~ of the present standard'weight
end fineness st the office of R,!t~. Grsnt& Oomp~ny, ~ew York, ~.Y.
The Cowry of ~'lbemsrie reserves the right to redeem this ~bond on:shy
interest pa~mnt date after ~une 1st, 1923, if the n~ber of this bond s~ll be
selected by lot for redemption, upon publicst~on of s notice stating the n~bers
off the bonds so selected for recemption, in'scm8 newspaper published in the City
of Charlottesville or in the Oo~ty of 21bemsrle for st least once a w~ek for four
consecutive weeks and in the event-this b6nd is not presented for ps~ent on the
date so ffi~ed for redemption it shall c~ase' to beer interest from end after said date.
This bond may be registered in the msme of the holder in a book to
be kept by the Oounty Treasurer ss to principal only which re~isterstion shall be
noted hereon, end thereafter the principal hereof shell be payable to the registered
owner, but this bond may be discharged from ragistry by being reg.istered ss psysb'le
to bearer. ~fter registration this bond may be trsnsff'erred on said book by the ,
registered owner in person or by attorney end every transfer hereoff when registered
be vsli~d only when mede upon said book, The registration hereof as to principal
shell not restrain the ne~oz~so~z~y of the couoo~ hereto attached by delivery merely.
This bond is issued for the purpose off constructing, under the supervis-
ion 0ff the ~tste Highway Commissioner off the portion of the Eastern end Western
Sate Road, r~ning fro~ Charlottesville, to the Orange or Louisa C0~ty lines, ~der
end ~o~susnt to the provisions of the Constitution end Statutes of the State of
Virginia, including among other Ohspt~r 1~5 of the L~sws of 19S0 end ~cts smendstory
thereof end supplemental~ thereto end pursuant to s resolution of the Board o~ Super-
visors of 21bemsrle Cowry, ~dlpted on the &th day of j~e 19~l.
~ ~T~'~'~ ~ND DECL~R~ that el! acts conditions
IT IS ~-i~BZ O~!~i~, ~~ ,
~nd things required to exist, happened and to be ~srformed precedent ~o end in the
issuance of this bond have e~cistsd, have happened ~nd have been performed in due
time form end mmnner ~s required by law end that the amount of-this bond., together -
with all~other indebtedness of ~lben~rie Oo~tyj does not exceed any limit prescribed
by the Constitution or statutes of.the State of Virgini~ rand that the ~u!! %sith,
credit end revenues of~tbemsrle County are hereb~ irrevocso ey .~}0~edged_ to the punc-
tual ps~ent of the principal end interest off this bond.
This bond is exempt for taxation by ~lbemarle Cowry Virginia.
IN Write, ESS ~E0~' the 0ounty of ~lbemsr~, Virginia, has caulked this
bond to be sig~ed by the 0hsirmsn of the Sosrd of Superv~ors, c6~ter~igned by the
Clerk of said Board end the corporate seal~ of said Co~ty to be hereunto affixed,
smd the interest coupons hereto s~exed to be signed with the fac-simile signatures of
said Chairman end Clerk end this bond to be d~ted the f~st day of J~e 1921.
0hairman, r~oard of Supervisors,
~!bem~rie 0ounty, Virginia.
C]~erk of the Board of Supervisors,
~ i~ema rle ~ ~
County, Virginia.
( POS_}~ OP OOUIPON)
~.SO.O0_
On the first day of Jtme
December, 19 the County o£ 21bemsrle in the State
Of Virginia will pay to bearer Thirty Doltsrs (~50.00), in gold coin of the
United. States of .~,merica st the of_race of R.H.~rant smd Oompsny SI Nassau Street
~ew ~ork N.Y. being six months interest then due on its Road Bond dsted June
1921,. ~o. L ..... ·
Chairman, Board of Supervisors,
2!~emsrie County, Virginia.
Clerk, Board of Supervisors,
~ibemerle 0ounty, Virginia
~ROVIS iOz~ P0i:~ F~Gio
,N_sm~..o.~; ._~¢.g ~,s.t er.ed .~o!~z. er: -
p ount_y ~[.re ss.urer,
,%
BE IT P'tFRTHE'~I RESOLVED that all ,Utate and Pedera! funds re~,eived by
¢lbemsrle 0omnty in aid off the construction off ~he Road flor whieh said bonds
issued are hereby appropriated smd pledged to the ps~mmnt off the princips!
interest off said bon~ smd flor the purpose off supplementing said ffund sn~ provid~:~
ing flor the ps~eh$ off the principal and interest off said bonds as the same become
due and ~s~bie, th~e sh~tl snnus!!y be assessed, lev~ed and colleeted umon the
property Of',ssid ~oun~ty subject to Oo~'ty tsxstion, s tax s~i'icient to provide
for the peyment of the interest on ssid bonds snd the principal thereof when the
same beceme due ~nd p~y~ble., ~nd ssid t~x sh~ll ~nnu~lly be sssessed, levied ~nd
collected 8t the ssm~ time smd in the s~me ~er ss other County taxes are
sssessed, levied smd collected.
The foregoing resolution wss upon roll call sdopted by the following
votes:
~,~ ays: