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1::hereas the 'Town of Leesburg, pursuant to an Ordinance
by it adopted on Ugust 28th.1906 enrolled on Page 258 of the
Record Book of said Town, for the purpose of installing a
system of waterworks, did issue its certain thirty bonds dated
L;e•)tember 1st 1906 of the denomination of one thousand dollars
each, aggregating the principal sum of thirty thousand dollars
(;30,000.00), which said bonds bore interest thereon at the rate
of 4-2`- jj per annum payable semi-annually; And
.hereaa said bonds, together with intereat thereon for six
months matured for payment on oeptember 1st.1926; and
�,hereas said Town of Leesburg desires to
issue itu certain Pefunding bonds as hereinafter set forth and
from the proceeds of the sale thereof to pay the above mentioned
water bonds of the principal sum of thirty thousand dollars that
matured for payment on jep.lst 1926 as above set forth; and
Whereas there was enacted by the General AsUembly of Virginia
a law a_)proved on ;.arch 24th 1926 whereby the said 'Town of Leesburg
was empowered to issue the bonds of the said tovm to an amount
not to exceed thirty thousand dollars (.,30,000.00) in denominations
not to exceed one thousand dollars each with interest thereon at
a rate not to exceed 5 per annum payable aemi-annually, Game to
be payable at a time not to exceed twenty years from September lat
1926; the proceeds from the sale of which bonds to be used for the
payment of the above described Water Bonds due 6ep.lst.1926;
Now, therefore, Be It Ordained that the Town of Leesburg,
for the purposeu aforesaid, in accordance with said Act of Assembly
and in conformity therewith,do forthwith make, execute and issue
its said bonds for th8 aggregate sum of thirty thousand dollars,
(:30,000.00); that said bonds shall be thirty in number and shall
be numbered from one to thirty, and each of the denomination of
one thousand dollars, (}y1000.00), dated deptember lst.1926 payable
on or before twenty years after date with interest thereon f rom
date at the rate of four and one-half per centum per annum ( 4-I ;S)
Payable semi-annually from date, at any bank in Leesburg, Va; that
said bonds be coupon bonds duly lithographed and signed in the
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name of 'rhe Town of Leesburg, Va by the Liayor, ;;ho is hereby
authorized to sign the Town name as herein stated for this
purpose and to thereby bind the Town accordingly; And they shall
bear the Corporate ;3ea.l of said 'T'own of Leesburg attested by
the Recorder; and the Cpupons shall each be signed in the
same names as set forth for the honds;
Said Bonds shall be of the following form, viz:
31000.00 UNITED STATES OF ALjERICIi
The Town of Leesburg, Va.
know all men by these presents that The Town of Leesburg Va
a municipal corporation of the State of Virginia, acknowledges
itself indebted, and for value received, hereby promises to pay
to Bearer or order, the sum of one thousand dollars,1�
on or before twenty years after the date hereof, at any bank in
Leesburg Va, together with interdst thereon from the date hereof
at the rate of four and one-half per centum per annum payable
semi-annually on the first day of -,arch and the first day of
September of each and every year hereafter on the presentation
and surrender of the gnnexed coupons as they respectively come
due.
This bond is one of a series of thirty bonds of like tenor,
date and denomination, numbered from one to thirty inclusive,
issued-our.3uant to an Act of the General Assembly of Virginia,
approved ,arch 24th.1926, for the purpose of rafunding the ;ater
Bonds; and in accordance with and pursuant to an Ordinance of
The Towm of Leeoburg, Va, adopted at a regular meeting of the
Town C until of Leesburg Va on September 13th.1926; and on
the same date approved by t,ie L.ayor thereof; _.nd the faith and
credit of the 'T'own of Leesburg Va are hereby irrevocably pledged
to the payment hereof.
In witness whereof The 'T'ovin of Leesburg Va hae caused
this bond to be signed in)y/ its name by the L;ayor, and the
corporate seal of said town to be hereunto affixed and attested
by the Hecorde�L/ and the fac simile signatures to be affixed to '!
the eoupsns hereto attached. This let day of jeptember 1926s
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Coupon Form
The Town of Leesburg Va promises to pay to bearer on the
1 first day of 19 _ twenty Two and fifty
hundredths dollars at any bank in Leesburg Va, same being six
months interest due on its Refunding .later Bonds,
Tile 'Town of Leesburg, Va by
:. (Seal) L"ayor
nttest:
Recorder
$burg Va The 2ayor is aythorized to have said bonds lithographed
edges at the expense of the To= of Leesburg, and to accept the offer
•,pay of .r. R.R..alker of Leesburg Va to negotiate said bonds for
cash atd par on the payment to the said 1;r. R.R.,7alker of 'Three
ak in hundred and r•i£ty Dollars in cash. It being understood that
hereof the said Ls. R.R.'aalker shall assume to meet and lay the maturing
2e bonds as of September let and to carry same until the refubding
bonds can be properly prepared.
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