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SEC. 12.01. OFFICIAL PUBLICATIONS.
   The Council shall annually designate a legal newspaper of general circulation in the City as its official newspaper in which shall be published ordinances and other matters required by law to be so published as well as such other matters as the Council may deem it in the public interest to have published in this manner.
SEC. 12.02. OATH OF OFFICE.
   Every officer of the City shall, before entering upon the duties of the office, take and subscribe an oath of office in substantially the following form:
      “I do solemnly swear (or affirm) to support the constitution of the United States and of this State and to discharge faithfully the duties devolving upon me as (Mayor, Councillor, etc.) of the City of Virginia to the best of my judgment and ability.”
SEC. 12.03. OFFICIAL INTEREST IN CONTRACTS.
   Except as otherwise permitted by law, no officer of the City who is authorized to take part in any manner in any contract with the City shall voluntarily have a personal financial interest in or personally benefit financially from such contract.
SEC. 12.04. OFFICIAL BONDS.
   All officers or employees of the City as may be provided for by ordinance, shall each before entering upon the duties of his respective office or employment, give a corporate surety bond to the City in such form and in such amount as may be fixed by the Council as security for the faithful performance of his official duties and the safekeeping of the public funds.
   Such bonds may either be individual or blanket bonds in the discretion of the Council. They shall be approved by the Council, and approved as to form by the legal counsel, and filed with the person designated by the Council.
   The provisions of the laws of the State relating to official bonds not inconsistent with this Charter shall be complied with. The premium on such bonds shall be paid by the City.
SEC. 12.05. SALE OF REAL PROPERTY.
   No real property of the City shall be disposed of except by resolution. A resolution authorizing sale of real property of the City shall not be adopted at the meeting at which it’s introduced. At least ten days shall elapse between the introduction and final adoption of such a resolution.
   The proceeds of any sale of such property shall be used as far as possible to retire any outstanding indebtedness incurred by the City in the purchase, construction, or improvement of this or other property used for the same public purpose. If there is no such outstanding indebtedness, the Council may by resolution designate some other public use for the proceeds.
SEC. 12.06. VACATION OF STREETS.
   The Council may, by ordinance approved by four-fifths vote, vacate any street, alley, public grounds, public way or any part thereof within the City.
   Such vacation may be made only after published notice and an opportunity has been given to affected property owners and the public to be heard, and upon such further terms and by such procedure as the Council, by ordinance, may prescribe.
   In a proceeding under this Section, an easement may be reserved for any purpose, which the Council deems appropriate.
SEC. 12.07. CITY TO SUCCEED TO RIGHTS AND OBLIGATIONS OF FORMER CITY.
   The City shall succeed to all the property, rights, and privileges and shall be subject to all the legal obligations of the City under the former charter.
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