Chap. 13.—An ACT to amend and re-enact section 20 of an act entitled an act
to incorporate the town of Berkley.

Approved December 19, 1901.

1. Be it enacted by the general assembly of Virginia, That section
twenty of an act entitled an act to incorporate the town of Berkley, in
the county of Norfolk, approved March third, eighteen hundred and
ninety, as amended and re-enacted by an act approved January seven-
teenth, nineteen hundred, be amended and re-enacted so that said sec-
tion shall hereafter read as follows:

§ 20. The council of said town shall have power to borrow money, for
the purpose of improvement of said town, by the issue and sale of bonds
of said town: provided, the aggregate amount of said bonds so issued and
sold shall not exceed the sum of two hundred thousand dollars. Said
bonds shall be registered or coupon bonds, shall state the purpose for
which they are issued, shall be issued in such denominations as the coun-
cil may prescribe, shall bear interest not to exceed six per centum per
annum, and shall be exempt from all town taxation. The said bonds
shall be made payable not later than thirty years from their date, and
may be made redeemable at any time after fifteen years from their date.
Said bonds shall be signed by the president of the council of said town,
and countersigned by the recorder, under the corporate seal of said town,
and shall be sold and negotiated in such manner as the said council may
prescribe: provided, that said bonds shall not be sold for less than their
par value. The council shall provide for the payment of the accruing
interest on said bonds by setting aside a sufficient amount from the levy
provided for in section five, and may provide a sinking fund for the
redemption of the principal of said bonds. The internal improvements
to be made in said town shall be under the general control and manage-
ment of an improvement board, which shall consist of three electors, who
shall be freeholders of said town. They shall be elected by the council
biennially. The members of the first board shall be elected prior to the
first day of June, eighteen hundred and ninety-six, and their terms shall
begin on the first day of June, eighteen hundred and ninety-six, and
shall continue for two years, and until their successors are elected and
qualified. They shall qualify as other officers, and shall give such bonds
as the council may determine. They shall select from among themselves
a chairman, who shall be the business manager of the board, and shall
receive such compensation for his services as the council may determine
upon. Said board shall manage the affairs and business pertaining to all
internal improvements, subject to the approval of the council, employ
labor, receive proposals, and award contracts, and enforce such rules and
regulations as they may adopt, or as may be provided by law or the ordi-
nances of the town. The said board shall not be members of the council,
and are prohibited from being interested in any way with the contracts
which may be made.
2. This act shall be in force from its passage.