CHAPTER 20

An Act to amend and reenact § 2, as amended, of Chapter 287 of the
Acts of Assembly of 1902, approved March 15, 1902, which provided
a charter for the town of Windsor in the county of Isle of Wight,
the amended section relating to the election, terms of office and
salaries of the mayor and councilmen.
§ 2. Subject to a favorable vote of a majority of all the votes cast
for or against this act, as supplemented as hereinafter provided, at the
November 5, 1968, general election as hereinafter provided, the Treasury

§ 3. The proceeds of the bonds herein authorized shall be expended
by the State Treasurer for paying all or any part of the cost of the acqul-
sition or construction of capital improvements at State-supported institu-
tions of higher education in Virginia, including community colleges and
four year colleges, the allocation of the proceeds of such bonds and the
determination of the amount of the bonds to be issued shall be made by
the General Assembly hereafter during this session by an act supplemen-
tary to this act. The term “capital improvements” shall comprise any one
or more buildings, facilities, additions, extensions and improvements of a
capital nature required by or convenient for the purposes of an educational
institution. including, without limitation, administration, teaching, lecture
and exhibition halls, libraries, dormitories, student apartments, faculty
dwellings, dining halls, hospitals, research centers, infirmaries, field
houses, gymnasiums, auditoriums, student unions, recreation centers,
stadiums and athletic facilities, which shall include any necessary land and
any equipment, facilities and appurtenances necessary or desirable in con-
nection therewith or ancillary thereto, including, without limitation, dining
facilities, cafeterias, snack bars, laundries, laboratories, garages and park-
ing facilities.

The proceeds of said bonds may be used with any Federal funds which
may be made available for such purpose.

§ 4. The bonds of each issue shall be dated, shall bear interest at such
rate or rates not exceeding five per centum (5%) per annum, shall mature
at such time or times not exceeding twenty (20) years from their date or
dates, as may be determined by the Treasury Board, by and with the con-
sent of the Governor, and may be made redeemable before their maturity
or maturities at such price or prices and under such terms and conditions
as may be fixed by the Treasury Board prior to the issuance of the bonds.
The principal of and the interest on said bonds may be made payable in
any lawful medium. The Treasury Board shall determine the form of the
bonds, including any interest coupons to be attached thereto. and shall fix
the denomination or denominations of the bonds and the place or places
of payment of principal and interest thereof, which may be at the office
of the State Treasurer or at any bank or trust company within or without
the State.

- All bonds issued under the provisions of this act shall have and are
hereby declared to have, as between successive holders, all the qualities
and incidents of negotiable instruments under the negotiable instruments
law ot the State.

The bonds may be issued in coupon or in registered form, or both, as
the Treasury Board may determine, and provision may be made for the
registration of any coupon bonds as to principal alone and also as to both
principal and interest, and for the reconversion of any bonds registered
as to both principal and interest into coupon bonds.

The Treasury Board may sell such bonds in such manner, either at
public or private sale, and for such price as it may determine, by and
body, of drafting or preparing county ordinances and of defending or
bringing civil actions in which the county or any of its officials shall be a
party, and all such duties shall be performed by the county attorney. He
a be accountable to the governing body in the performance of his
uties.