Chap. 36.—An ACT to authorize the town council of the town of Clarksville,
Virginia, to purchase the outstanding bridge certificates issued by the
said town of Clarksville and secured by deed of trust on the steel toll
bridge across the Dan and Staunton rivers at Clarksville, Mecklenburg
county, Virginia, the approaches appurtenant thereto, and the tolls and
revenues therefrom, and to cancel and retire the same.

Approved February 18, 1910.

Whereas, by an act of the general assembly of Virginia approved
January two, nineteen hundred and four, entitled an act to authorize the
town of Clarksville, in Mecklenburg county, Virginia, to build, own,
operate and maintain a toll bridge across the Roanoke river or the Dan
and Staunton river at the said town, and to issue its bonds and certifi-
cates of indebtedness, to pay for the same; and

Whereas, under and by virtue of authority given by the above act
the town of Clarksville, Virginia, to carry out and accomplish the pur-
Poses of same, issued its bonds to the amount of ten thousand dollars, to
be used in the construction of said bridge, which amount proved wholly
insufficient for the completion of the construction of said bridge; and

Whereas, by section five of the act above recited, it was made lawful,
in the event the money derived from the sale of the said bonds should
prove insufficient to complete the construction of the said bridge, for
the said town of Clarksville to issue certificates of indebtedness to an
amount not exceeding twenty thousand dollars, and to secure the same
by deed of trust upon the said bridge, the approaches appurtenant thereto
and the revenues and tolls derived therefrom; and

Whereas, the revenue and tolls derived from the said bridge have
proven insufficient to redeem the bridge certificates, secured as above,
as they severally become due and payable, and there is strong probability
that the said bridge will have to be sold under said deed of trust to sat-
isfy the outstanding certificates of indebtedness as they become due and
payable; now, therefore,

1. Be it enacted by the gencral assembly of Virginia, That the town
of Clarksville, Mecklenburg county, Virginia, be, and the same is hereby,
authorized to use and apply any money in the town treasury, not
otherwise appropriated for the purpose of redeeming the oustanding
bridge certificates of indebtedness, with all accrued interest thereon, as
they shall severally mature, and cancel and retire the same. And in
anticipation of its incoming revenues the council of the said town of
Clarksville, Virginia, is authorized to make and issue obligations of the
said town in the form of certificates of indebtedness for an amount not
exceeding the total amount of the current yearly revenues of the said
town, and payable within one year from the date of the issue of such cer-
tificates, at a rate of interest not exceeding six per centum per annum.

2. Be it further encated that should the council of the said town
deem it expedient so to do, authority is hereby given them to issue cer-
tificates of the same character and on the same terms as provided by
section five of the said act of assembly approved January second, nine-
teen hundred and four, and use the same for the redemption of the said
original certificates as they shall become due and payable; or to extend
the time of the payment of the said original certificates, by endorse-
ment upon the said certificates, which said endorsement shall be attested
by the officer or officers of the said town, authorized to execute such cer-
tificates under section five of the said act of January second, nineteen
hundred and four: provided, that the holder or holders of the said out-
standing certificates are willing to accept such new certificates, or such
extension in the time of payment of the original certificates as is here-
inbefore provided for.

3. Owing to the near maturity of the certificates of indebtedness set
out in this act, an emergency exists that the same should become effec-
tive at once, therefore this act shall become effective and be in force
from its passage.