Chap. 417.—An ACT to amend and re-enact section three thousand and eighty-
two of the Code of Virginia. [H B 1631

Approved March 22, 1920.

1. Be it enacted by the general assembly of Virginia, That sec-
tion three thousand and eighty-two of the Code of Virginia of nineteen
hundred and nineteen, relating to the method by which cities and
towns in this Commonwealth may issue bonds, be amended and re-
enacted so as to read as follows: :

Sec. 3082. Whenever it is proposed by any city or town in this
Commonwealth, now or hereafter existing, to borrow money and issue
bonds contemplated by the provisions of clause “B,” section one hun-
dred and twenty-seven of the Constitution, not to be included within
the otherwise authorized indebtedness of such municipality, it shall
be the duty of the council, or board of control, if there be one, to adopt
an ordinance reciting the expediency of borrowing money by the
municipality and the issuance of bonds therefor, the amount of such
issue, the length of time for which they are to run, the interest to
be paid thereon and the purposes for which the money realized there-
from is to be used; said ordinance shall state that said money is
to be borrowed and bonds issued under the provisions of clause “B.”
section one hundred and twenty-seven of the Constitution, and shall
recite the specific undertaking for which the said money 1s proposed
to be borrowed and said bonds issued; which ordinance in any case,
if passed by a council, shall be upon the recorded affirmative vote of
a majority of all the members elected to said council. or to each
branch thereof, where there are two branches; and if such ordinance
be vetoed by the mayor, it may be adopted, notwithstanding such veto.
in the manner prescribed by section one hundred and twenty-three of
the Constitution. After the adoption of such ordinance, a certified
copy thereof shall be forthwith presented to the corporation or circuit
court having jurisdiction over such city or town, or to the judge
thereof in vacation.

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