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Stifel.Nicolaus & Company
INCORPORATED ST. LOUIS OFFICE:
TELEPHONE: STATE 2-5770 874 N. BROADWAY
TELETYPE: CG 697 Investment Securities TELEPHONE: GARFIELD 1-1980
105 West Adams Street Chicago 3, Illinois TELETYPE: 8L 392
FOUNDED 1890
WE OFFER SUBJECT TO PRIOR SALE AND CHANGE IN PRICE:
NEW ISSUE
REVISED CIRCULAR (9-22-58)
INTEREST EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES
$260,000
TOWN OF FAIRFAX, VIRGINIA
3-3/4%
Water Revenue Bonds
Dated June 1, 1956 Due Serially June 1, 1962-1972, inclusive
Principal and semi-annual interest (June and December 1) payable at First and
Merchants National Bank of Richmond, Virginia, or at the Chase Manhattan Bank of
. ,a,,, York, N. Y.
Coupon bonds in $1,000 denominations. Registrable principal only.
e as to p P
REDEMPTION PROVISIONS: All bonds of the authorized issue will be redeemable in part
'.n inverse order of their maturities (less than all of a single maturity obe
sel-
,_cted by lot) in amounts of not less than $5,000 for the purpose of permitting the
application of available excess revenues from the operation of the municipal water-
V'orks on any interest payment date on or after June 1, 1961 at the redemption prices
shown below. The $180,000 bonds due 1967/1972 shall also be redeemable as a whole
at any time on or after June 1, 1966 at the redemption prices set forth below:
104% on June 1, 1961 to and including June 1, 1971
103% on December 1, 1971 to and including June 1, 1976
102% on December 1, 1976 to and including June 1, 1981
101% thereafter prior to maturity
LEGAL OPINION of Chapman and Cutler, Chicago, Illinois, will state, in substance,
:.hat said bonds, part of an authorized issue of $4,500,000, have been authorizerd accordance with the Constitution and Statutes of the State of Virginia,
graph (b) of Section 127 of the Constitution of Virginia and Section 15-594 et seq.
of the Code of Virginia) , and constitute validity and legal obligations of said Town,
payable solely from net revenues to be derived from the operation of the Water System;
that the Town of Fairfax has validly convenanted and isflegally obligatedwtonfixrandc-
cc'lect such rates and charges, and to revise the m to
essary, for the facilities of said Water System as will always providetrevenuesssuffi-
cient to pay the principal of and interest on said bonds after pay'
expenses of operating and maintaining said Water System and all other obligations
and indebtedness payable from such purposesshall
nct be reduced so as to be i nsufficient to
AMOUNTS, MATURITIES, YIELDS AND PRICES
DUE (1)
AMOUNT
JUNE 1 YIELD PRICE
$10,000 1962 3.207 $101.89
1963 3.30% 101.93
15,000 1964
10,000 3,35% 102.05
1965
20,000 102.00,000 3.407 102.07
3.45%
25,000 1966 101.85
3.50%
25,,000 1967
30,000 1968 3x557. 101.62
1959
3 3.60% 101.32
30,000 1970 3.65%
r 1971 3.70% 100.50
35,030 3.75% 100.00
35,J;�O 19:�2
(1) Approximate as of October 1, 1958
All statements herein are official, or are based on information which we regard as reliable,and while
we do not guarantee them, they are the data upon which we have acted in the purchase of this security.
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VINI92IIA `X'�32IIV3 30 NMOL
Building Permits.
A record of permits issued over the five-year period 1953-1957 and for
the first six months of 1958, follows:
Number of
Year Permits Valuation
1953 202 2,268,688
1954 314 3,201,400
1955 477 6,556,105
1956 163 2,035,140
1957 163 1,773,894
1958 (1) 59 532,550
(1) Six months
The State Water Control Board in January 1956 imposed restrictions prohib-
iting new sewer connections pending improvements to the sewage treatment plant. In
July 1957 the County Board of Supervisors imposed restrictions on the number of new
building permits which could be issued pending completion of a new sewer treatment
plant. These restrictions were removed in March 1958 when the first phase oftthe
new sewage treatment plant was placed in operation. The complete operation of the
plant began on August 1, 1958.
New Airport
A second public airport for the District of Columbia, to be known as
Washington International Airport, will be located at Chantilly, Virginia. The 9,400
acre Chantilly site, located 27 miles west of Washington and 12 miles west of Fairfax,
has been designated by the Civil Aeronautics Authority. Washington's only airport
for years has been directly across the Potomac River from the Capital. Congress has
appropriated $62z million to start the new airport and the site should be ready to
handle air traffic early in 1961.
The new airport is located adjacent to the Town proposed water supply line
and negotiations between the Town and Civil Aeronautics Authority for use of water
from the new supply are now in progress. Burns & McDonnell Engineering Company,
representing the Civil Aeronautics Authority, estimate the Airport's average day
usage demands at 500,000 gallons, with a maximum day demand of 1,000,000 gallons for
initial operations, beginning about January 1, 1961.
Fairfax County
Fairfax County is located in northeastern Virginia bordering the Potomac
River, Arlington County and Alexandria. Approximately 408 square miles in area, the
County is a growing part of the Washington Metropolitan area. Located within the
County are the incorporated towns of Fairfax, Vienna, Herndon and Clifton.
Agriculture
Although the County is becoming increasingly suburban in character, a
substantial part is devoted to dairy and general farms. According to the U. S.
Census of Agriculture, 1954, Fairfax County has an area of 264,960 acres of which
33.6% is in farms. The County had 1,153 farms in 1954 compared with 1,656 in 1950.
The 1,153 farms had a valuation per acre of $633 in 1954 compared diwit vegetables average of $106 per acre. Livestock, dairy farming, nursery, grains, g et
apples produce most important sources of revenue.
Wholesale and Retail Trade
According to the U.S. Census of Business,1954, wholesale trade in Fairfax
County amounted to $10,198,000 and retail trade amounted to $54,458,000. The impress-
ive increase in retail sales in the County over the past 10 years, resulting from
the development of huge shopping areas, is shown by the following figures:
Retail Trade
U. S. Census of Business - 1948 $ 27,143,000
U. S. Census of Business - 1954 54,458,000
Sales Management - 1957 136 ,733,000
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The headwaters of Goose Creek are near Linden in Warren Co my it
flows from there through Fauquier County into Loudoun
tCCounty
an edes pads innto t a
Potomac River. The proposed dam will flood approxima
reservoir about 2A miles long and relatively pnarrow. Theenecessarydland for con-
struction of the dam and its related filter
Goose Creek has a drainage area of 338 flowseiato which is
to be located four miles from the mouth wooded and the creek
should The GuestoCbeefreetofstpollutionoand suitable atoethe development of an
should continue t
impounded water supply for public use.
There is a continuous record of the flow of Goose Creek starting in U1930,
which was the driest year, varying from a minimum of .4 to a maximum of 45,00cubic
feet per second. The flow is usually
thatwell asdauasufficienmtato impou� 300,000,000
Method Computation of Yield indicate
per day will yield 3.6 MGD during the driest period.
The project includes construction of an impounding dam,
raw water pumping
gallon daily filter plant, 24 inch transmission main and booster
pumping t 6 tiolion b Y
pumping station at a total estimated cost
referendum,by0a t�en$to�ot►e00otbond issue
for the project was approved at the 1956
Following the favorable referendum and selection fh
of Goose Creek as the h
cheapest and most dependable solution to its water per to const aruct the
applied to the Circuit Court of Loudoun County for permission
Goose Creek Dam. Several parties intervened was ren-
concluded concluded on January 20, 1958 when stating an essential public convenience
dered an opinion favorable to the Town,proposed dam across Goose Creek.
would be served by the erection of the prop
�re�ared by Alvord,
All plans and specifications for this project will be prepared
nationally known and highly respected
Burdick & Howson of Chicago, Illinois, Burdick & Howson reviewed the figures
waterworks engineers. In June 1958 Alvord,
on the Fairfax project to reflect -
(a) the cost and financial feasibility of a development to serve
Fairfax alone, and
(b) the cost and financial practicability of serving Fairfax, the
airport and Herndon.
For the Fairfax System alone (estimated cost - $3,500,000) the report
includes a table showing estimated revenue, expense and bond service, and indicates
that coverage of principal and interest requirements would range from 1.21 times
it. 1961 to 1.66 times in 1990.
For the project including Fairfax, the Airport and Herndon, (estimated
cost - $4,500,000) the report shows a coverage for bond service ranging from 1.33
times in 1961 to 1.66 times in 1990.
In order to reimburse the Town of Fairfax for certain actual expenditures,
including other now known expenses which will be incurred connectim with dthis
project g 1958, adopted an Ordinance
the Town on September 3,
for the purpose of ac-
quiring for the issuance of $4,500,000 Water Revenue Bonds,
tiring a supply of water and constructing works and improvements for the96unicipal
q $1,050,000 principal amount due June 1,
waterworks, dated June 1, 1956, rincipal amount due
000 p
1975 bearing interest at the rate of
beari3-3/4%interest4a0t,the rate of 3-7/8%.
June 1, 1976 through June 1, 1991, g
Of the $4,500,000 bonds authorized,
bonds in the amount of $260,000 are
being issued at this time for the following purpose:
Town of Fairfax, General Fund
$136,339
Engineering
Alvord, Burdick & Howson - (to prepare
plans and specifications ready for the
taking of bids) 63 60,000
000
Legal, Financing and Contingencies 3 661
$260,000
TOTAL
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-ans uT axau Aa.zadoxd tear aqa uo uaJT a amooaq �CTTeotaemoane saBaego aaaeMUpTedun
aega sapTnoad papuame se `056T 'eTUTB.'tA ;O apop '(£) £09 - ST uotaoas
•umoy aqa Aq pau'eaaa sT atsodap aqa 'TiTq aaaeM
alp 2uTAed anogaTM sanom xamoasno e ;i •Laxadoad sTq oa papuaaxa aotn.'as 8utnsq ox
aotad uMoy aga gpTM atsodap ST$ v ahem lsnm iaaadoxd 8uTauaa aamoasno Auy
•panuTauoostp sT ootA.'as aqa awn got4M xaa;e aotaou
anoq-+7Z u uanT2 sT aamoasno alp 'situp p£ ItuotpTPPe aqa ut aTM
aga ;I •s�iep 0£ uTglp Ttn3 uT Ptsd a g Pnod loo sT eS.aella
aotaou uaaatxM e uanT2 sT aamolsno a a `S�ESnm pus auanbuTTap sT aun000P alp �RuTle:js
S alp q P 0£ uTgaTM PTed aou axe sa8aeg3 aaleM 3I
•aael, a Aq peleTndaa aou axe saTaTtTln TedToTunm eTuTBaTA ;o sale.' .'alert
raTuua`T W5 ufTau
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uMOy`;o an0
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uMOy uI
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33 `PagsTigeasa uaaq aneq salea 2uTMotto3 aqy
aoTnaaS"aalem ao; slaps
Debt Service_Covere year ended
In the following table, the net revenue of $38,922 for the y
August 31, 1957 is used for computing coverage of debt service on the $260,000
bonds offered herewith:
Net
Bond Years Net Times
Through Estin.ate Covered
Dee�r 1 Prin____cipal_ Interest 1 Tot�75 $ 84,858
1958 $ 4,875 $ 4,
9,750 9,750 34,856
1960 9,750 9,750 84,358
1961 9,750 9,750 34,853
1962 $ 10,000 9,562 ,
1961 19,562 84,858 4.33
84,853 4.41
10,000 9,187 19,137 3.55 1
1963 8,719 23,719 34,858 1964 15,000 23,062 84,858 3.01
1965 20,000 8,062 25,000 7,219 32,219 84,358 2.61
31,231 84,858
25, 2.70
1966 6,2
1967 25,000 35,250 84,853 2.39
1968 30,000 5,250 46
6 2.
30,000 4,125 34,125 84,853 2.46
1969 3,000 33,000 84,858
1970 .55
97 30,000 1,875 31,875 84,858 2.66
1971 1 30,000 64,85& 2.36
1972 35,000
656 35,656
(1) Interest Payable from construction fund through December 1, 1960.
Estimated Results of Operation
For the six year period 1952 through 1957 custo use of have water increased dfat an
average rate of 400 annually and during the same period The Fairfax s
gallons to 203,342,000 gallons annually.
increased from 43,172,000 �ga expenses and net revenue, assuming service to
estimate of revenues operating exp prepared by Alward, Burdick & Howson:
^�:irfax, the Airport and Herndon, has been p re p
Transfer From Operation and
Water Net
Water Connection Investment Reserve Total Maintenance
Revenue
Charges_ Income Fund_ Revenue �__._6a5 $ evenu5
1959 Sales 500 $196,940 $ 155,855
1959 $19 ,810 $ 29,000 $ 247,850 91,930 271,795
1960 195,810 51,040 1,000 34.6 240 74,445
39,440 1,300 360,925 78,755 271,195
1961 330,125 29,000 1,800 84,040 202, 70
1962 330,125 2,700 391,400 319,260
1°f�3 359,700 29,000 406,750 87,490
i'-�+ 379,550 23,200 4,000 422,300 90,840 331,460
19 20,300 5,000 453,100 95,840 357,375
1,, 6 420,000 26,100 7,000 362,975
1966 7 432, 500 461,800 98,825
20,300 9,000 487,100 102,725 384,375
1967 432,500 384,375
1963 450,000 26,100 11,000 506,250 109,050
23,200 11,000 511,880 111,450 397 ,400
1970 472,250 404,730
1970 480,000 20,880 11,000 518,000 113,270
18,000 11,000 525,000 113,113,270 409,910
1972 489,000 416,090
1972 498,000 17,000 11,000 533,000 116,910
15,000 11,000 540,000 118,730 421,270
1973 51 ,000 427,450
1974 516,000 13,000 11,000 548,000 120,550
12,000 11,000 555,000 122,370 432,630
1976 525,000 438,230
1x16 534,000 10,000 11,000 562,420 124,190
8,420 11,000 570,000 126,010 443,990
1978 543,000 450,170
1978 551,000 8,000 11,000 578,000 127,830
1979 560,000 7,000 11,000 586,250 129,600 456,650
1980 568,250 7,000 11,000 591,100 130,660 460,440
1981 573,100 7,000 11,000 595,100 131,720 463,380
1982 577,100 7,000 11,000 470,754
7,000 11,000 $ 3,234 603,534 132,780 754
1984 582,300 3,429 608,329 133,840 474,
1984 586,900 7,000 11,000
7,000 11,000 1,521 611,021 134,900 478,150
1986 591,500 614,100 135,950 4 8,150
1986 596,100 7,000 11,000 618,700 137,000
1987 600,700 7,000 11,000 623,300 138,050 432,250
1988 605,300 7,000 11,000 492,878
1990
7,000 10,500 4,978 631,978 139,100
1989
609,500 6141 ,506 7,000 10,500 5,172 637,172 140.100 497,072
1991 619,500
7,000 10,000 5,366 641,866 141,100
- 7 -
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3 g pup auamaopldag TpMauag aga `puns unTadmapag puog aqa
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41fPD4zS uot�pzta.zomy
BOND ORDINANCE
approved September 3, 1958,oautho ie.ng,the i issuance
lyfa these
lows:
In the Ordinance app among bonds, the Town of Fairfax covenants, following disposed
1. All revenues as received shall be deposited in priaritya
of on the first day of each month in thy. operated on an
a and_ Maintenance Fund. The Water System shall be op
( ) Operation commencing as of January 1 and on the first day of each
annual budget y
month there shall be paid into the .Operation and Mainteance Fund
1/6th an ,
which together with any balane�uesere��1xrent g�penses shall mean the
annual.. budget for Current Exp expenses of maintenance, P
Town's reasonable and necessary current
and operation of the Water System.)
and ,Interest Fund. There shall be transferred to the Principal
(b) Principal--- P commencing the first month after the completion of the
project,Interest nunu, whichever date is earlier, an amount not less
project, or on June 1, 1960,
than 1/6th of the interest due on the next interest p a tint date, and an
than 1/12th of the principal due on the next annual prin-
cipal not less t
cipal maturity date.
aid
(c)
is Reserve Fund. Commencing on the first of t earlier, there shall be trans-
ferred month after completion of the
project, or June 1, 1960, whichever date a tints required to be. P
ferred an amount equal to 20% of the monthly p ym
into the Principal and Interest Fund, until there is
cumulatedbandamount then
equal to the maximum principal and interest requirements
outstanding.
aid into this
There shall be P prior calendar
(d) Fundwan�__ounac____ qua to 1/12th % of n s of the
Fund an amount equal to 1%12th of S% of the Revenues of the p
year until the amount in said Fund shall aggregate other
extensions A any
(e) Excess Revenues. To be used for service hook-ups,
function of the Bond Redemption Fund (created pursuant to Section 6,
the Renewal, Replacement and Extension
Sub-section (e) Excess Revenue), s in the Bond Redemption Fund,
when other lawful purposes. Money u
u
Fund or for any $5,000, shall be used for the purpose
when there is a balance in excess of $5,
of purchasing or redeeming bonds. the Water
2. The Town covenants and agrees that rates
otations services shall be
reasonable bl said Town, and citizens, further A le and just, and the Town further con andtto agrees rates
condition operate said System
and ctarg and continuously nP sufficient
and to
for services rendered s° that the Reveandsmaintenancefexpient at all
and charges of the operation
times to provide for the payment
make all payments provided for in the Bond Ordinance.
3. No free services shall be rendered to any customer, public or private; the
Town shall pay for service rendered.
proper books of record and account, separate from all other
4. The Town w ill keep showing all transactions relating to the Water System,
and
municipal books and and accounts,i,
by an independent certified
and said books and accounts will be audited annually y
public accountant. dispose of the Water
S, The Town
unt until all not bonds have lease,
mortgage or in any manner disp the
ro erty of
or otherwise dispose of any P Pat and
System, until all bonds have been paid in full. Notwithstanding said covenant,Sy ' right to sell, yea
the Water have the rhg the Town Council to be no longer necessary the Water System which is found by
stem. The proceeds received from the sale shall
useful in the operation of the Sy
be paid into the Renewal, Replacement and Extension Fund.
- 9 -
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1 _t
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•sa2augo put saa3
sons aoalToo puu ao203tza oa faussaoau sFT1Tpaaooad pus suoTZou 'sdaas tie axua IT:M
pup 'maasAs aaauM alp dq paaapuaa saTaTTTau3 Puu saaTA1as 103 sa2augo pue Si o3
IT 30aTI00 dTaua2TITP 02 paatzuuanoo yeti ut0y agy •panaas sastmaad aga uo u-i..Z
amooaq saLauqu pTudun amp apTnoad sanauas uTVT2aTA :SaDEVHD ulvad 1.103 N 'I
'oauT paaaaua aau sauamanoadmT pue sauamaaaa. q
'suoTsualxa alp 3o uotatstnbou ao uotaonaasuoo aauTpammT aga ao3 saosaauoo 30aao41
o usnsst aqa oa aoTad ssaTun panssT aq spuoq TuuoTatpps due Tugs auana ou
•maasds aaauM aqa g
panaas uaau aqa uT gasoa2 uoTleTndod paaoaroad due 3o uosuaa dq puu sauamanoadtuT
pup sauamaaaaaq 'uoTsuaaxa aria 3o uosuaa dq 'pasodraT PuTaq sa2augo pue salsa 3o
alnpagos aqa uT uotsTnaa cue 3o uosuaa dq sasuaaouT due aoai3aa oa sauamasnCpa
gaps maasds aaaum aqa 3o sanuanaa paonaTaadxa asud aua uoTauaappsuoo oauT axe:
TTugs saaaut2ua dutaTnsuoa at;a 'uotae2ndu1oo 2uTo2aao3 aqa ?utxuu uI '2uTpueas
-ano aq oa spuoq TTu ao3 asad aupuaTuo 2uTpu0dsaaaou aqa ao3 sauamaaTnbaa IudTo
-utad puu asaaaaut pautgmoo aga saran 06.1 auga ssaT aq a0u rum sauad aupuaTuo
2utpaauons aqa 3o goua uT maasds aaatM aqa 3o saunanag aau paaumTasa at,a aega
uoTnTdo alp 2uTaToaa 'saaauT2ua 2uTaTnsuoo aga dg auamaauas u uMoy pies ;o xaalp
aqa 41TM PaTT3 aq dugs aaaga 2utptnoad 'sat.:amanoadttT an sauamaaaaaq 'suoTsuaa
-xa aanan; 3o asoo aqa dud oa panssT aq osTs Aura suoTau2TTgo uaTi Iunba Tut_oTa1Pov
•2uTpuuasano aq oa spuoq TTe ao3 sauad aepuaTuo 2uTpuodsaaaoo aqa 10;
sauama1Tnbaa asaao3uT put? Tudj3ttTad pauTquao aqa uug4 scat aqa aq trim auod aanan;
goua uT sanuanag aaN Tunuae auga uoTT_V do aqa 2ullTaaa aagaan; ptte 'sasoo guns
dud oa spun; 3o dauaToz;ap aqa 3o aunociu paaumTasa aga play 'uotaaldmoo guns ;o
asoo paaumTasa atr;a 'paaaldmoo aq oa x.1014 ;o auno:.1e Teaoa of*a 2upsogs aauoTJT;aau
u ansst Tugs saaauT2ua 2vt2lnsuoo aqa. 'spuoq TvuCTaTppu guns due 3o aouurs:;p
aqa 02 aoTad anq 'STOUTTII 'o2s33g0 'fostoH xoTpanq 'paonpJ' 3o aaodaa ate;; dq
usogs su 'maasds aaauM ava ao3 sauar1anoadr]T pee sxaos ;o uoTaanaasuou pate alas y o
dlddns sae e 3o uoTaTstnbou aqa 2uT3aTduoo 3o asodand aga ao3 panssT aq uuo suoTau2
-TTgo uaTi Iunba TuuoTaTppy •panssT aq uuo spuoq uaTi aoTad oN :?CI HOg ZyaIyIQI;
'puns anaasall aqa 02 paaaa;sueaa aq Itugs auaload alp 3o uoTaaTdriou aaa3s puns
uotaonaasuo0 aqa UT aonuTuq papuadxaun AuH •sasoo daussauau aagao pup 2upaaaulSaa
'Tu2aT 'uoTaunaasuoo 2uTanp asaaaauT 2uTpfTuuT 'taaasds /alum oqa ao3 sauamanoAdmT
lone sxaoM 2uTaonalsuoa pup aaaus 3o dlddns sae u &itaTnbou 3o asoo aqa 2utdod
3o asodand aga ao3 dlaTos pasn aq 'Tugs dauom aqy •umoy aqa 3o spun; :agao
TTe moa; aaeaudas ado% aq 'Tugs sdauom puns uotaunaasuo0 :SuNn,I NolIon2lysmuo
pmpS o uo 'uTuT21TA
uT sataaadoad au
T. 3 Tauaado aqa uT pa2u2ua saTUUdmou aasnTad dq pataauo
ATTauuTpao spup aga 3o puu saunortu aga uT aoUuansuT daauo ITTM uMOy aqy '9
}
TO';JN OF FAIRE AX
j
TAX AS3E 1Sl,1 NT AND COL ECTION ORDINAI3CE
43 IT r}RDAIidFD by the Town Council of the Town of Fairfax,
Virginia: that the following procedures for the assessment and col-
lection of property taxes within the Town of Fairfax are hereby
adopted.
A pp s pp}}��
.) 5seSMente
The Town Council shall annually
assess and levy u =on all
,� - within the Town all necessary s axes for general corporate
props y
d taxes purpo€ es, subject to charter or statutory limitations: an
C T1" service.
unlira'..ted in amount to the extent necessary
for debt
for of property shall be the s�-:crto
The asseesmen.t for taxation o.r I P
as
the last county assessment or valuation, provided that the Town
e
asurer shall notify the Ccmn-.iesioner of the Revenue of Fairfax
a.x
Tx r l+
County o f any personal property or any real eeta ve not assessed. by
Coun real
the County, and all improvements made ac.din;
value to any
estate since the last County assessment, and thereupon the same
shall be assessed as provided by gene -'al. law. Ti e: notices shall
mac.o u and sent out by the Town Treasurer, and all collections
be P
received bj hire
All taxes shall be due and payable on the first day of
December in the year assessed, and a penalty of five per cent shall
be
add ed to all tax bills not paid on or before the first day of
the next succeeding February.
a
II. Liens.
There shall be a lien, dating fran January 1 of the year
assessed : upon all real estate within the Town of Fairfax:
which
lien, along with those for County taxes: shall be prior to any
other lien or encumbrance thereon. Thera shall be a further l g en
u on the rents of such real estate for Town taxes for the ourren'
P
year: whether the said rents be in money or in kind
III. Delinquent Taxes.
1. All Town property taxes which, have not been paid by
September 1 of the year following the year in which assessed shall
.,2°
wenp:
as delinquent taxes, added to the said taxes
and interest at the rate of si
be considered paid shall be
per centum per annum until P
as of that date. the Town Treasurer shall
starting ear,
2. By October 1 of each Y
submit the following lowing lists to the Town Council _ taxes for the
a. A list of delinquent real prop erty
previous taxable year.
ersonal property taxes for the
b. A list of delinquent p
previous taxable years taxes for all
co
A list of delinquent real property
previous taxable year.year.rd taxes for all
years prior to the" p personal property
d. A list of delinquent P
previous taxable year.
years prior to the p rovide the Clerk of the
3. The Town Treasurer shall also p of recently existing
Court of Fairfax County with a list P
Circuit and by
estate taxes within the Town of Fairfax, of the
r delirquent real a said Clark a list
to the
October 1 of each year shall give for the previous taxable year, the
taxes
delinquent real estate Clerk in a book kept In lists to-be entered of record by the via notice to pur-
chasers Clerk' s Office, for the purpose of providing
chasers of the property concerned.
4. a. Notices will be mailed out by March 15 to those pe
sons
whose personal property taxes have not been paid for the pre`
vious taxable year. Ii` the tax has not been paid by August 1 of
the same year, a second and last notice will be sent. If the tax
has not been paid within 30 days thereafter, the delinquent tax
account shall be turned over to the Town Attorney for collection.
b. Notices will be mail-ec. cut by April 1 to those per.
1 sons whose real property taxes have notbeen paid for the previous
taxable year. If the tax has not been paid within two years from
the said notice, a second and last notice will be sent. If the
tax has not been paid within 30 days thereafter, the delinquent
tax account shall be turned over to the Town Attorney for collect;
,e, j�►
-3-
5. The Town Attorney and the Towa Treasurer shall pro-
ceed to affect the collection of delinquent or unpaid taxes by any
one or more of the actions, procedures, and remedies authorized by
law, including the sale of delinquent real estate. In such col-
lection, the Town AttOrA0y may use the assistance of other attor-
neys where needed for this purpose
6. No legal action shall be taken to collect personal
property taxes delinquent for more than five years or real estate
taxes delinquent for more than twenty years.
7. No vehicle taxable within the Town of Fairfax shall
be locally licensed -unloss and until the applicant for such license
shall have produced satisfactory evidence that all personal prop-
erty taxes upon the vehl.cle to be licensed , which personal proper-
ty taxes have been assessed or are assessable against such appli-
cant, have been paid.
IV. Validity
It is hereby declared to be the intention of the Town
Council of the Town of Fairfax that the paragraphs, sentences,
clauses and phrases of this ordinance are severable, and if any
phrase, clause, sentence or para3raph of this ordinance shall be
declared unconstitutional or invalid by the valid judgment or
decree of a court of competent jurisdiction, such unconstitution-
ality or invalidity shall not affect any of the remaining phrase alaeses, sentences and paragraph of this ordinance.
V. Effective Date.
This ordinance shall take effect on April 8, 1957,