Chap. 104.—An ACT to amend and re-enact an act of the general assembly
of Virginia, approved February 10, 1915, entitled an act to empower
the council of the town of Brookneal, in the county of Campbell, to
issue and sell bonds for the purpose of building, repairing and main-
taining Streets, sidewalks and water mains, provided that the question
of such bond issue for the purposes named be first submitted to the
qualified voters of said town, and to authorize such council to call a
special election for the submission of the same to the voters thereof.

(H. B. 186)
Approved March 17,. 1915.

Be it enacted by the general assembly of Virginia, That an act of the
general assembly of Virginia, approved February tenth, nineteen hundred
and fifteen, entitled an act to empower the council of the town of Brook-
neal, in the county of Campbell, to issue and sell bonds for the purpose
of building, repairing and maintaining streets, sidewalks and water
mains, provided that the question of such bond issue, for the purposes
named, be first submitted to the qualified voters of said town, and to
authorize such council to call a special election for the submission of the
same to the voters thereof, be amended and re-enacted so as to read as
follows: |

1. Be it enacted by the general assembly of Virginia, That the
council of the town of Brookneal, in the county of Campbell, be and it is
hereby authorized to issue and sell bonds of the said town for an amount
not exceeding twenty-five thousand dollars, the proceeds of which shall
be used by said town for the purpose of building, repairing and main-
taining streets, sidewalks and water mains, or for any of said purposes.

2. The bonds herein provided for shall be coupon bonds. They shall
be issued in such denominations as the council may prescribe; they shall
bear interest at a rate not exceeding six per centum per annum, payable
to such time and place as the said council may prescribe; they shall be
made to mature at the end of thirty years from their date, but redeem-
able after fifteen years, at the option of the council, at any time; and
they shall be signed by the mayor and countersigned by the clerk of said
council, for and in behalf of the said town of Brookneal with the seal of
the town attached.

3. But the said council shall not proceed to act hereunder until the
question of whether or not the said bonds shall be.so issued and sold
for the purposes named shall first be submitted to the qualified voters
of the town of Brookneal, at a special election to be called by the council
for that purpose at any time within one year from the passage of this
act; which said special election shall be called by proper ordinance, and
in all other respects be conducted under the general laws governing
special elections, except the officers conducting said election shall make
their return directly to the county clerk of Campbell, and also to the
council of the said town; provided, further, that the ordinance calling
said special election shall recite the total amount of bonds proposed to
be issued, the rate of interest they shall bear, and the amount to be
issued for each of the several purposes named herein, and said ordinance
shall provide that such election is to be held in order that the qualified
voters may vote as to whether or not there shall be an issue of bonds
for any one or more of the purposes aforesaid, and the amount proposed
for each purpose shall be named in the ordinance. If, at the election to
be so called, a majority of the qualified voters should cast their ballot
in favor of the issue of such bonds as may have been proposed in such
ordinance, then the council shall proceed to issue and sell.the same as
herein provided.

4. The said council shall prescribe the manner of sale and the terms
upon which said bonds shall be sold, provided the same shall not be sold
for less than par. It shall provide by proper tax levy or appropriation
for the payment of interest on same and the creation of a sinking fund to
retire said bonds at maturity.

5. It appearing that an emergency exists on account of the urgent
need for the building, repairing and maintenance of streets, sidewalks
and water mains in the said town of Brookneal, it is ordered that this
act shall be in force from and after its passage.