Chap. 252.—An ACT empowering the council of the town of Clarksville, in
the county of Mecklenburg, to issue and sell bonds for the purpose of
establishing and maintaining an electric lighting plant in said town,
provided the question of such bond issue for the purposes named be
first submitted to the qualified voters of the said town; and to authorize
the said council of the said town to call a special election for the sub-
mission of same to the voters of said town. (S. B. 328.)

Approved March 24, 1914.

Whereas, the council of the town of Clarksville has requested
authority from the general assembly of Virginia to call a special
election, to submit to the legally qualified voters of said town of
Clarksville whether or not a majority of those voting will favor
the issuance of not more than ten thousand dollars of town bonds,
to bear such rate of interest as the council of said town may deter-
mine, not to exceed six percentum per annum, maturing not more
than thirty years after date, the said council to determine the exact
time of maiurity; the proceeds of said bonds to be used to defray
the costs of installing, establishing and maintaining an electric
lighting system or plant in and for the town of Clarksville and the
citizens thereof, including the rights of way therefor, the work,
labor, material, costs of plans, specifications and supervision, the
work to be done according to plans to be provided by the council
of said town; and,

Whereas, if the bonds provided by this act shall be issued, the
bonded indebtedness of the town of Clarksville, Virginia, will be
less than eighteen percentum of the assessed valuation of the real
estate of said town, as shown by the last assessment for taxes;
therefore,

1. Be it enacted by the general assembly of Virginia, That
the council of the town of Clarksville, in the county of Mecklen-
burg, is hereby authorized, at any time after this act becomes a
law, to order a special election, at which all voters of said town
qualified to vote in such an election under the laws of the State of
Virginia, may vote upon the question whether or not they favor or
oppose the issuance of not more than ten thousand dollars of elec-
tric light bonds, said bonds to bear such rate of interest as the
council of said town may determine, not to exceed six percentum per
annum, and to be of such denominations, of such forms, and to
mature at such time as the council may determine, not to exceed
thirty years after date.
If a majority of those voting in said special election shall vote
in favor of the issuance of said bonds, the said council of the town
of Clarksville may, by proper resolutions or ordinances, direct that
such bonds be issued and executed by the mayor and treasurer of
said town, for and in behalf of said town of Clarksville; provided
the said bonds so issued will not exceed the aggregate sum of ten
thousand dollars.

2. The proceeds from said bonds to be wholly expended for the
installation, establishment and maintenance of an electric lighting
plant in the town of Clarksville, Virginia.

3. When said plant has been installed and is in operation, the
said town of Clarksville, Virginia, shall have the right to furnish
the citizens with electric light, and to charge therefor such rate or
rates as the council may from time to time fix and determine.

4, An emergency existing by reason of the urgent necessity for
an electric lighting plant in the said town of Clarksville, Virginia,
this act shall be in force from its passage.