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Home My Public Portal About1943_09_20SPEC 345 • - BE IT EESOLVED, by the council of the Town. of Leesburg , to Virginia that Hobert Atwell be employed as night Watchman for the said town at a monthly basis at $115.00 per month and Raymond L. Hough be .emnloyed as pumping statiion and disposalapiant operator on a monthly basis at $125. 50 per month. A call for bids to refund the present Sewer Bonds outstanding , was read and upon motion of Councilman Turley , seconded by Councilman Fiske and unanimously carried the Resolution was laid on the table until September 2D, 1943 at which time there will be a Special meeting to take final action on said resolution. • On motion of Councilman Fiske , seconded by councilman Rollins and unanimously carried the following Resolution .was adopted ; • BE IT EESOLVED , by the council of the Town of Leesburg , in Virginia that the Auditor-Treasurer be and he is hereby authorized and directed to call and pay the last two $1 ,000.00 water bonds outstanding , and the interest thereon, upon receipt - of the Town' s python of the A. H. C. profits distributed by the Commonwealth of Virginia. On motion duly made , seconded and carried the meeting adjourned at 9 :16 P. M. APPROVED:, ��Recorder -w-fc Mayor • ' September 20 , 1943 SPECIAL At .a Special meeting of the Mayor and Town Council of the Town of Leesburg, in Virginia held in the Council Chamber on Monday 'September 20 , 1943 at 8 : P.M. there were present ; E. N. .Bradfield , Mayor; Louis T. Titus ; Recorder and C. W. Fiske ,, J. T . Hourihane , J . L. McIntosh , J.L.Oliver , L. C. Rollins and J.H. Turley , Councilmen. The -Maporstated that the purposf the meeting was to consider a resolution regarding the 11 of the present X sewer bonds , wkich was laid on the table at the meeting 'of • the Council held on the 13th day of September 1943. • The Recorder read the proposed resolution. • On motion of Councilman Fiske , seconded by Councilman Rollins and unanimously carried , the following Resolution wad adopted : . _ . • WHEREAS , the. Town of Leesburg , in Virginia , on the let day of December 1938, issued its general obligation bonds in • the sum of Eighty-two Thousand Five Hundred Dollars ( $82 ,500.00) for the purpose of constructing a sewage system and erecting a disposal plant ; and WHEREAS , said bonds bear an interest rate of 2 3/4% per annum, payable semi-annually and the Council is of the opinion that a lower interest rate can be obtained ; and WHEREAS , ten of said bonds amounting to Ninety-Five Hundred • Dollafs ( $9500.00) have been paid at their maturity date , leav- ing an unpaid balance of Seventy-Three Thousand Dollars ( 73,000.00 of said bonds ; and WHEREAS , by the terms and tenot of said bonds the same are callable for payment on December 1 , 1943; and 3.46 WHEREAS , the Council the of the opinion that the out- standing bonded indebtedness amounting to Seventy-Three • • Thousand Sollars ( $73,000.00) and bearing interest at the - rate of 2 3/4% should be called on December 1 , 1943, and refunding bonds issued providthd the issue can be sold at a lower rate of interest. NOW, THEREFORE, BE IT UNANIMOUSLY RESOLVED by the Council of the Town of Leesburg, in, Virginia , that the said Town of Leesburg , in Virginia , shall issue refunding general obligation bonds for the sum of Seventy-Three Thousand Dollars ($73 ,000.00) , and there are to be seventy-- three bonds Off the denomination of One Thousand Dollars $1 ,000.00) each and all of said bonds shall bear interest at a rate not to exceed 2 3/4% per annum, the interest pay- able on the 1st day of June , 1944 , and semi-annually there- after on the 1st day of December and June in each year until maturity , and shall be serial coupon bonds maturing over a . period of Eighteen ( 18) years on December 1st of each pfathe years as follows : 1944 - 03000.00 1953 - 34000.00- 1945 - $3000.00 1954 - $4000 .00 1946 - $3000.00 1955 - $5000.00 1947 - $3000.00 1956 - $5000.00 1948 - $3000.00 1957 - $5000.00 1949 - $3000:00 1958 - $5000.00 1950 - $4000.00 1959 - $5000:00 1951 - $4000.00 1960 - $5000.00 1952 - 04000.00 1961 - $5000.00 The said bonds shall contain a clause permitting the same to be called at par and paid at any interest payment date after Ten ( 10) years from the date of their issuance ; the said bonds and the interest thereon shall be payable at the office of the Auditor-Treasurer of the Town of Leesburg, in Virginia ; the holder shall have the Iption of registering said bonds as to principal only; all of -said bonds shall be • exempt from taxation by the 'Town of Leesburg , in Virginia , and shall be signed by, the mayor and Countersigned by the. • Auditor-Treasurer, of the Town of Leesburg , in Virginia,. and the funds derived from the sale thereof shall be used for the purpose of refunding the present sewage indebtedness of said town, the present bond indebtednedd being evidenced by existing bonds in the amount of Seventy-Three Thousand Dollars ( $73 ,000.00) as follows.: • 1944 - $2000.00 1953 - $5000.00 1945 - $2000.00 1954 - $5000.00 1946 - $3000.00 1955 -. 35000. 30 1947 - $3000.00 1956 - 35099.00 • 1948 - $3000.00 1957 - 85000.00 1949 - $3000.00 1958 - $5000.00 1950 - $4000.00 1959 - $5000.00 1951 - $4000.00 1960 - $5000.00 1952 - $4900.00 13.61 " - 35000.00 • BE IT FURTHER UNANIMOUSLY RESOLVED by the Council of the Town of Leesburg, in Virginia , that the: Auditor-Treasurer of said Town shall cause to be published immediately the following notice of bond sale in the two Leesburg Newspapers for two successive issues and shall cause the same notice or • an abbreviated form thereof to be published in the Bond Buyer for two issues : 34r NOTICE OF BOND SALE Sealed bids will be received by Louis T . Titus , Recorder of the Town of Leesburg, in Virginia , on forms prescribed by said Town until 7 :00 o' clock P. M. October 25, 1943 , (at which time they will be publicly opened by the said Louts T . Titus , in the presence of the Council at a special meeting then to be assembled in the Council Chambers , Leesburg , Virginia ) for the purchase of the whole , but not any part thereof, of the following Town of Leesburg, in Virginia , coupon bonds : Seventy-Three Thousand Dollars ( $73 ,000.00) • Refunding Bonds , series of 1943 , dated December 1 , 1943, and payable as follows : 1944 - $3000.00 1953 - $4000.00 1945 - $3000.00 1954 - $4000.00 1946 - $3000.00 1955 - $5000.00 • 1947 - $3000.00 1956 - $5000.00 1948 - $3000.00 1957 - $5000.00 1949 - $3000.00 1958 - $5000.00 1950 - $4000.00 1959 - $5000.00 1951 - 4000.,00 1960 - $5000.00 1952 - $4000.00 1961 - $5000.00 Bonds are to be in the demoniations of One Thousand Dollars ($1 ,000.00) each, principal and interest to be payable at the office of the Auditor-Trrasurer , Town of Leesburg , in Virginia. Interest to 'be payable semi= annually on the let day of December and the 1st day of JUne . '' Bidders are invited to name the rate of interest which the bonds are to bear which must be the same ffor all of the maturities. In no case shall the rate exceed 2 3/4%. The Town Attorney , Stilson H. Hall , will furnish an opinion as to the validity of- the bonded indebtedness here- in set forth. • The Town of Leesburg, in Virginia reserves the right' • to call by lot at par after Ten ( 10) years from the date of said bond any or all bonds outstanding. The Town of Leesburg , in Virginia is legally obligated to annually-levy a tax on all taxable property in the town sufficient to provide for payment of the principal and the interest of the said bonds as the same shall become due and payable. Bonds dated December 1 , 1943 , in coupon form which may be registered at the option of the holder as to principal only , will be delivered to the purchaser on December 1., 1943, or as soon thereafter as is possible. The Town of Leesburg, in Virginia , will pay the cost of selling and preparing said bonds. IIAll proposals must be unconditional and be accompanied by a certified check payable to the Auditor-Treasurer of the Town of Leesburg , in Virginia , in the amount of two percent (2%) namely : $1460.00 of the face amount of the bonds , said check to be returned immediately to the bidder if this bid is not accepted , otherwise to be deposited by the Auditor- Treasurer , and , when the bonds are delivered and paid for under the terms of this bid , to• be considered as part pay- ment therefor , or to be retained as and for liquidated damages in case the bidder fails to take up .and pay for the bonds. 348 The Town of Leesburg, in Virginia , .reserves the right to reject any or all bids. Louis T. Titus , Recorder , and the Town Council for the Town of Leesburg , in Virginia , wish to state that there is no obligation pending or threatened against these bonds. A report of the Auditing Department of the Commonwealth of Virginia of an audit recently made of the financial con- dition of the Town of Leesburg, in Virginia , is on file in the office of the Auditor-Treasurer of the said town, and is open to public inspection. There being no further business , on mbdlion duly made , sec- onded and carried , the Council adjourned at 8 :13 P. M. . • APPROVED : «.a ✓ RECORDER m tfAYOR . October 11 , 1943 'Regular At a regular meeting of the Mayor and Town Council of the Town of Leesburg , in Virginia held in the Council ,Chamber on Monday October 11 , 1943 at 7 :30 P. M. there were present; E. N. Bradfield ; Mayor; Louis T. Titus , Recorder; C. W. Fiske , John T. ' Hourihane , J . L. McIntosh, J. L. Oliver , L. C. Rollins and J. H. Turley, Councilmen; On motion of Councilman Turley; seconded. by Councilman Oliver and unanimously carried the minutes of the last regular meeting and the minutes of the Special meeting held' on September 20, 1943 were read and approved. The Auditor-Treasurer read his monthlyreport for the Month of September 1943 and his Quarterly statement for the quarter ending September 30, 1943 and upon motion of Councilman Fiske , seconded by Councilman Oliver and unanimously carried the following Resolution was adopted ; WHEREAS , the Auditor-Treasurer has this day presented to the Council of the Town of Leesburg , in Virginia a quarterly statement df all receipts and an ananysis of all disbursements • for the months of July , August and September 1943; NOW, THEREFORE , BE IT RESOLVED, by the Council Of the Town of Leesburg , in Virhia , that the said quarterly report of the Auditor-Treasurer be and it is hereby approved and accepted by the said Council. • BE IT FURTHER RESOLVED , by the said Council that the Auditor-Treasurer be and he is hereby authorized and directed to have ' a copy of the said quarterly report published once in a newspaper published in said Town and also post a copy of the said report in front of the Court 'Reuse in the said town. Upon motion of Councilman Hourihane , seconded by Councilman " Fiske and unanimously carried , the following Resolution was adopted ; BE IT RESOLVED , by the Councilof the. Tov+n' of Leesburg , in Virginia that the Auditor-Treasurer be and he is hereby . authorized and directed to pay the following bills ; Virginia Public Service Company Mayor' s Office and Fire House - - $ 5.70 Fire Siren . 4.00 General Puming 135.90 Harrison Pumping 8. 76 Street• WWLightingLL131.04 .ispoayPlating - 88.76 383.66 ST