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HomeMy Public PortalAbout1943_10_26 351 October 26 , 1943 At a special meeting of the Mayor and Town Council of the Town of Leesburg , .in Virginia held, in the Council Chamber on Tuesday, October 26., 1943 at 7 : P. M. there were present , E. N. Bradfield , Mayor ; Louis T. Titus , Recorder; C. W. Fiske , J. T. Hourihane , J. L. McIntosh, J . L. Oliver , L. C. Rollins and J. H. Turley Councilmen. The Recorder read the following proposed Resolution and Iupon motion of. Councilman C. W. Fiske , seconded by Councilman Oliver and unanimoufly carried by the following recorded vote ; FCR - C. W. Fiske , J. T.Hourihane , J. L. McIntosh , J.L. .Oliver , L. C. Rollins and J. H. Turley ; AGAINST - NONE; the Resolution was passed ; WHEREAS , by Resolution passed on September 20 , 1943, the . Council unanimously voted to issue Refunding General Obligation Bonds for the sum of Seventy-Three Thousand Dollars ($73,000.00) for the purpose of refunding the present sewerage bond issue indebtedness of said town; and WHEREAS , the Town after first having advertised for bids . as required by law , in session on the 25th day of October , 1943, received and opened bids on the Refunding General Obligation • Bonds for the sum of Seventy-three Thousand Dollars ($73 ,000.00) • and accepted the bid of Alex. Brown & Sons , Baltimore ; Maryland , for Seventy-three Thousand Seven Hundred Thirty-seven Dollard and Thirty Cents ( $73,737 .30 ) with a coupon rate of one and one- half per cent ; and WHEREAS , said advertisement for sale of the said bonds • recites , among other things , that "Bonds are to be. in the denomination of One Thousand Dollars ( 61 ,000.00) each, principal and- interest to be payable ,at the office of the Auditor-Treasurer , II Town of. Leebburg , in Virginia. Interest to be payable semi- annually on the 1st day of June and the let day of December. " NOW, 'THEREFORE, BE IT EESOLVED, by the Council of the Town of Leesburg , in Virginia , that the following be and the same is hereby approved as the proper form of bonds to be issued - seventy-three bonds which shall be in the sum of One Thousand Dollars each and all of which shall be made payable and mature as set out in a schedule in . said Resolution passed by the Council on the 20th day of September 1943 : NUMBEI UNITED STATES or AMERICA DOLLARS $1000 STATE OF VIRGINIA---COUNTY OF LOUDOUN TOWN OF LEESBURG ONE AND ONE=HALF PER CENT (l d GENERAL OBLIGATION REFUNDING BOND KNOW ALL MEN BY THESE PRESENTS: That the Town of Leesburg , in Loudoun County . Virginia , acknowledges itself to owe , and for .value received hereby promises to pay to bearer on the first day of December , 1944 (printer to insert here consecutive maturity IIdates to and including 1961 ) , the sum of-- ONE THOUSAND ( 61 ,000.00) DOLLARS . . t'6geth&E Wirth i'ritekest dif Said sum from date hereof until paid • at- the rate of one and one-half per cent per annum payable semi- annually on the lst' day of June and on the 1st day of December of each year , upon presentation and surrender of interest coupons hereto attached as they severally become due. Any or all of the said 73 bonds which shall not become due and payable within 10 years from the date hereof may be called at par and paid at any interest payment date after 10 years from the date of their issuance. 352 BOTH PRINCIPAL AND INTEREST of this bond are hereby made payable at the office of the Auditor-Treasurer of the said Town of Leesburg , in Virginia, for the prompt payment of this bond , both principal and interest , the full faith, ,credit and re- - sources of said town are hereby irrevocably pledged... . THIS BOND MAY BE REGISTERED as to principal only. and is one of 73 bonds issued by the Town of Leesburg, in Virginia, for the purpose of fefunding valid - outstanding General Obligation Bonds issued December 1 , 1938 , to provide funds to construct a Sewerage System and Treatment Disposal Plant for •the said Town of. Leesburg , in Virginia. • - THIS IS A GENERAL OBLIGATION REFUNDING BOND and is issued by the Town of Leesburg , in Virginia , pursuant to authority vested in -the Town by its Charter, the provisions of Chapter 122 of the 1942 Code of Virginia , and also pursuant to the pro- visions of all necessary and proper ordinances and resolutions regularly passed by the Council of said town. AND IT IS HEREBY CERTIFIED , recited and warranted that all acts , conditions and things required to be done , precedent to and in the issuance of this bond have been properly done, happened and been performed in the regular and due time and form as required by the laws and constitution of the State of Virginia; that the total indebedness of said town , including this bond , . • does not exceed any statutory or constitutional limitation and that provision has been made for the levy of a tax upon all the taxable property in said town for the purpose of paying the int- erest hereon and the principal hereof at maturity. • IN TESTIMONY WHEREOF, the Town of Leesburg , in Virginia , by and through its Town Council; has caused this bond to be signed by its Mayor and countersigned by its Auditor-Treasurer and attested and its corporate seal affixed thereon by .the Recorder and the Coupons hereto annexed to be executed with the facsimile printed sig.- natures ig-natures of said Mayor and Recorder , this 1st day of December , 1943. • ' Mayor COUNTERSIGNED Auditor-Treasurer TESTE: • Recorder . BE IT FURTP'r'.R RESOLVED, by the said Council of the Town of Leesburg , in Virginia that the following be and the same is here- by approved as the form for coupons to be placed on said 73 bonds for One Thousand Dollars ($1,000.00) each in accordance with the said plan of payment thereof in the said resolution of September 20 , 1943 : COUPON No. ON , 19 $7 .50 THE TOWN OFF LEESBURG , IN .VIRGINIA , will pay to bearer at the Office of the Auditor)Treasurer of the Town of Leesburg , in Virginia , the sum of SEVEN DOLLARS AND FIFTY CENTS • same being the semi-annual interest on General Obligation Refunding Bond. On payment of said- bond with interest to date of payment all coupons subsequent to said date. shall , become null andovoid. This is attached to .and form a part of said bond. Given under our hands this the 1st day of December , 1943. No. Louis T . Titus E. N. Bradfield Recorder Mayor • 3a3 • BE IT FURTHER RESOLVED,. by the said Council of the Town of Leesburg , in Virginia , that E. N. Bradfield , Mayor , and Roscoe • B. Rhoads , Auditor-Treasurer , be and they are hereby authorized , instructed and directed to sign and countersign each of the said 73, bonds and Louis T. .Titus , Recorder , is Authorized , instructed and directed to attest and place the seal of the town on each of the said 73 bonds and each of the coupons on said bonds shall be authenticated by the facsimile signatures of F... , N. Bradfield , Mayor , and Louis T. Titus , Recorder . BE IT FURTHER RESOLVED, by the said Council of the Town of Leesburg,. in Virginia , Shat all of said bonds shall comply with the stipulations , terms and conditions set out in a resolution passed by the Council on the 20th day of September , 1943 , and the coupons thereon shall conform to the one and one-half percent interest rate in accordance with the bid submitted by Alex. Brown & Sons , and accepted, by the Town. On motion of Councilman Hourihane , seconded by Councilman Turley and. unanimously carried the following Resolution was adopted ; WHEREAS :Sthe Town has received bids for printing the proposed General Obligation Refunding Bonds in the amount of Seventy-three Thousand Dollars ($73 ,000.00) and finds the price of Sixty-seven Dollars and Fifty Cents ( $67.50) submitted by the Columbian Bank Note Company , New York, to be the lowest offer for this work: NOW, THEREFORE, BE IT RESOLVED, by the Council of the Town of Lee::burg , in Virginia, that Stilson H Hall , Town Attorney , be and he is hereby authorized , instructed aad directed to employ the Columbian Bank Note Company , New York, for the sum of Sixty- Seven Dollars and Fifty Cents ($67.50) to print 73 General Obligation Refunding Bonds in the demoniation of One Thousand Dollars •($1000.00) each, with the necessary coupons on said bonds to provide for the payment of the principal and interest as the same shall mature in accordance with the plan heretofore approved by ordinances and resolutions heretofore passed by the Council. • On motion of Councilman Rollins , seconded by Councilman Hourihane and unanimously carried the following Resolution was adopted ; WHEREAS, the Town of Leesburg , in Vi.rsinia ,has unanimously passed a resolution authorizing Seventy-three Thoudand Dollars ($73 ,000.00) in General Obligation Refunding Bonds to be issued for the purpose of Tafunding outstanding General Obligation Bonds issued December 1 , 1938; and - WHEREAS, the Town has passed resolutions accepting the bid of Alex. Brown & Sons , Baltimore , Maryland , for the issue of . Seventy-three Thousand Dollars ($73 ,000.00) General Obligation Refunding Bonds , which bid is in the amount of Seventy-three Thousand Seven Hundred Thirty-Seven Dollars and Thirty Cents ($73,737 .30 ) to bear interest at the rate of One and one-half per cent per annum payable semi-annually in accdrdance with the schedule of maturity adopted in a resolution passed by said Council on the 20th day of September , 1943; and WHEREAS , the outstanding two and three-fourths per cent General. Obligatinn . Bonds issued December 1 , 1938 , for the purpose of providing funds to construct a sewerage system and treatment disposal plant for the said Town, of which issue Seventy-three Thousand Dollars ($73 ,000.00) in bonds remains unpaid and which are callable and payable as of December 1 , 1943 ; and , WHEREAS , the fund from the sale of the one and one-half per cent General Obligation Refunding Bonds will be available on Deceriber 1 , 1943; and , WHEREAS , the Council deems it advisable and for the best interest of the said Town to call and pay off on December 1 , 1943 , the unpaid bonds issued as of December 1 , 1948. • NOW, THEREFORE, BE IT RESOLVED by the Council of the Town 354 Leesburg , in Virginia , that according' to the terms and tenot of the Town of Leesburg two and three-fourths per cent General • Obligation^Bonds issued far the purpose of providing funds to construct a sewerage system and treatment disposal plant dor the said. Town , said outstanding and unpaid bonds be called for pay- ment as December 1 , 1943, with interest accrued as of said date , and E. N. Beadfield , Mayor, be and he to hereby is authorized , instructed.;aaE directed and empowered to take all necessary steps -and procedure for the calling and payment of the bonds as hereinbefore set out in compliance with this resolution. BE IT FURTHER RESOLVED that E. N. Bradfield ,. Mayor ; be and he is hereby authorized to publish in a newspaper of general circulation published in Loudoun County , Virginia , an advertise- ment calling for the payment on December 1 , 1943, of the said - outstanding bonds in the amount of Seventy-Three Thousand Dollars ($73 ;000.00, dated December 1 , 1938, with interest to accrue thereon to December 1 , 1943. There being no further business , on motion duly made , seconded and. carriedthe Council adjourned at 7 :17 P. M. APPROVED : ;i4- ✓ 7 . • ,sFecorder • • Mayor • I{oveiuber 8 , 1943 At a regular meeting of the Mayor and Town Councilip of the Town of Leesburg, in Virginia held in the Council Chamber on Monday , November 6 , 1943 at 7 :30 P M. , there were present , E.• N. Bradfield , Mayor ; Louis T. Titus , Recorder and C. W. Fiske , J . T . , Bourihane , J. L. McIntosh, J. L.Oliver , L. C. Rollins and J. H. Turley , L;ouncilman . The minutes of the last regular meeting held on October 11 , 1943 Ens those of Special meetings held on October 25th. and October 26 , 1943 were read and upon motion duly made , seconded and carried , were approved es read. • The Auditor-Treasurer read his monthly statement for the Month of October 1943 and presented the current bills and upon motion of Councilman Turley , seconded by Councilman Fiske and unanimously carried the following Resolution was adopted ; BE IT RESOLVED, by the Council of the Town 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 - - $ 6.90 Siren 4.00 General Pumping - - - - - -- - - - • 130.23 . Harrison Pumping 11.40 Street Lighting - - - - - - - - - 131:04 II White Way Lighting 89:50 • Disposal Plant 5.64 378. 71 ST Virginia Carolina Chemical Corp. - - - 10. 77 Otie Hagins Drake- - - - - -- - -- - 8.84 J. S. Whitmore - - - - - - - - - . 3.32 Claude M. Payne 1.20 Newton ' s Garage - - - - - 10.35 B & B Chevrolet Sales 7 .60 • • Armfield & Harrison 120.72 Loudoun News - Inc. 20.80 J. T. Hirst & Co. Inc . - - 1.20 McDonald & Jenkins- - - 1.20