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1960

Laws in Volume
Displaying 501 - 600 of 615

Chapter 506

An Act providing for the construction, maintenance, repair and operation of a bridge project from a point or points on Smith Island off the southeastern shore of Northampton County, Virginia, to a point or points on the mainland in said County, including beach facilities incidental to such project; creating a political subdivision of the Commonwealth to be known as the Smith Island Bridge Authority and defining its powers and duties; granting to the Authority power to acquire necessary real and personal property and to exercise the power of eminent domain; providing for financing the construction of such project by the issuance of revenue bonds of the Authority, payable solely from tolls and other revenues; authorizing the issuance of revenue refunding bonds; providing that no debt of the Commonwealth or of any county, city, district or political subdivision thereof shall be incurred in the exercise of any of the powers granted by this Act; providing for the collection of tolls and other revenues to pay such bonds and the interest thereon and the cost of maintenance, repair and operation of such project; exempting from taxes and assessments such project and such bonds and the income therefrom; providing for the execution of a trust agreement to secure the payment of such bonds without mortgaging or encumbering such project; and prescribing the powers and duties of the Authority in connection with the foregoing and the rights and remedies of the holders of bonds issued under the provisions of this Act.
Transportation, Public expenditures, Bonds

Chapter 542

Employment and labor, Healthcare, Judicial, Public expenditures