ORD. 1986-263-240 · Ordinance

To amend and reordain Ordinance No. 77-80-122, adopted May 26, 1977, which authorized the issuance of $15, 105,00 serial public improvement bonds of the City of Richmond to finance the cost of capital improvement projects, and authorized the issuance of notes of the City of Richmond in anticipation of the issuance of the bonds to defray the cost of the capital improvement projects, as amended by Ordinance No. 80-214-169, adopted October 13, 1980, reducing the amount of bonds authorized to be issued by $4,755,000 from $15,105,000 to $10,350,000, conforming the provisions of said capital bond authorization ordinance to amendments made to the 1977-1978 Capital budget (changes made in Capital Improvement Program), and authorizing $9,842,800 of such bonds to bear date on January 15, 1981, and $507,200 of such bonds to bear date on January 15, 1982, and as amended by Ordinance No. 81-211-189, adopted November 23, 1981, authorizing $9,842,600 of such bonds to bear date on January 15, 1982, and $507,400 of such bonds to bear date on January 15, 1983, and as amended by Ordinance No. 82-255-242, adopted October 25, 1982, authorizing $507,400 of such bonds to bear date on January 15, 1984, in lieu of January 15, 1983; to authorize that $507,400 of such bonds bear date on July 15, 1986, in lieu of January 15, 1987, and be payable in annual installments of $25,370 on July 15 of each of the years 1987 through 2006, inclusive, and that said $507,400 of such bonds be issued pursuant to the provisions of the Public Finance Act of the Commonwealth of Virginia, Chapter 5, Sections 15.1-170 through 15.1-227, inclusive of Title 15.1, Counties, Cities and Towns, of the Code of Virginia.