Chap. 211.—An ACT to amend and re-enact section 41 of an act entitled an
act to amend and re-enact an act entitled an act to incorporate the town

of Basic City, approved March 3, 1890, approved December 19, 1891.
10 (H. B, 213.)
7 ’ Approved March 24, 1914.

1 Whereas, a grave doubt exists as to whether there is any exist-
. ing authority for the town council of Basic City, Virginia, to issue
~ bonds for the erection of a schoolhouse and equipping and main-

taining same for the use of the citizens of the town of Basic City
for public school purposes under the provisions of the present char-
ter of the town; therefore,

1. Be it enacted by the general assembly of Virginia, That sec-
tion forty-one, chapter five, of an act entitled an act to amend and
re-enact an act entitled an act to incorporate the town of Basic
City, approved March third, eighteen hundred and ninety, approved
December nineteenth, eighteen hundred and ninety-one, be amended
and re-enacted so as to read as follows:

Sec. 41. The town council may, in the name of and for the use
of the town, contract loans, or cause to be issued certificates of debts
or bonds; provided that, for the purpose of supplying the town
with water and lights, and for the improvement of the town in such
other respects as the town council may deem advisable, the town
council, at such time or times as it deems proper, is authorized to
issue certificates of debts or bonds, for an amount not exceeding
fifty thousand dollars; and provided that after the issue of the
said fifty thousand dollars of certificates of debts or bonds no cer-
tificates of debts or bonds shall be issued for an amount exceeding
five thousand dollars for any one purpose, except by a two-thirds
vote of the council, ratified by a majority of the freehold voters of
the town voting on the question; provided that, for the erection of
a schoolhouse and equipping and maintaining the same for the use
of the citzens of the town for public school purposes, the town
council may, without submitting the question to the voters of the
town, contract loans or cause to be issued, certificates of debts or
bonds for an amount not exceeding fifteen thousand dollars; but
such loans, certificates, or bonds shall not be irredeemable for a
period greater than thirty-four years; provided, further, that said
council shall not contract such loans, or issue such certificates of
debts or bonds, for the purpose of subscribing to the stock of any
company incorporated for a work of internal improvement or other
purpose, without being first authorized so to do by three-fourths
of the freehold voters of the town voting on the question; provided,
further, that in no case shall the aggregate debt of the town at any
one time exceed ten percentum of the assessed value of the property,
real and personal, within the town limits, unless the amount above
aliowed to be issued should exceed said ten percentum; and pro-
vided, further, that the said council shall not endorse the bonds
of any company whatsoever, without the same authority. All con-
tracts for the erection of public improvements within the jurisdic-
tion of the town council shall be let to the lowest bidder, reserving
the right to reject any and all bids, and notice shall be given at
least thirty days before the work is finally let, by advertisement in
one or more of the newspapers published in the town, or in the
county of Augusta, and the party to whom said contract shall be
let, shall give such bond as the council may require; but in no event
shall any contracts be let to any member of the town council, nor
shall any member have any interest in such contract.
2. An emergency existing by reason of the necessity of the com-
pletion of school buildings in said town in time for the next school
session, this act shall be in force from its passage.