Chap. 29.—An ACT to amend and re-enact sections 27 to 32, inclusive, as here-
tofore amended, of the charter of the town of Woodstock, Virgiraas BS]
Approved February 17, 1926.

1. Be it enacted by the general assembly of Virginia, That sec-
tions twenty-seven to thirty-two, inclusive, of an act entitled an act
to provide a new charter for the town of Woodstock and to repeal all
acts or parts of acts in conflict therewith, and to declare all contract:
and obligations heretofore or hereafter made by the present counci
and government of the town of Woodstock and all power heretofor«
or hereafter exercised by them, while in office, to be legal and valid.
approved March twenty-fourth, nineteen hundred and twenty-two
and section twenty-seven thereof as amended by act approved Marct
twenty, nineteen hundred and twenty-four, be amended and re.
enacted so as to read as follows:

Section 27-32. In addition to the right of the town under the
general law to negotiate temporary loans and thereby anticipate it:
income for and during any year, the council in the name of and for
the use of the said town of Woodstock, may contract loans, incu
debts and cause certificates of debt or bonds to be issued whenever:
two-thirds of its members, by a recorded vote, decide that such course
is in the best interest of the town and necessary in the acquiremen
and establishment of some needed public improvement or utility, bu
such council may borrow money in such manner and for such purpose:
only to the extent and subject to the provisions prescribed by the
Constitution and laws of Virginia. The council shall not have th
power to issue any bonds or certificates of debt except such as are t
be paid and discharged within one year from date of issue out of th
regular income of the town until it shall have first submitted to th
qualified voters of said town whether or not such bonds shall be issuec
and the majority of the qualified voters voting at any election hel
for such purpose have voted for such issue. Such election shall b
held in the manner prescribed and under the provisions of the genera
laws of the State of Virginia, except the council shall have the powe
to call such election and fix the date thereof by ordinance, copies o
which shall be published in some newspaper published in said tow:
or the nearest paper published thereto and posted at least twenty
days from such election in at least five public places by the sergeant
thereof. The judges conducting any such election shall certify the
return to the clerk of the circuit court of Shenandoah county and to
the said council, and the court shall enter of record such order as the
case may require and as provided by law. Any bonds which may be
issued under this act may be either registered or coupon bonds and
the purpose for which said bonds are issued shall be clearly set forth
therein. They shall be issued in such denominations and bear such
rate of interest, not exceeding six per centum, as may be determined
by the council. They shall be made payable at such time as the coun-
cil may prescribe, not exceeding thirty years from their date, and may
at the option of the council be made redeemable after such time and
in such amounts as the council may prescribe. The interest thereon
may be made payable at such place as the council may designate,
either annually or semi-annually. All bonds issued under this act
shall be signed by the mayor and countersigned by the clerk of the
council with the seal of the town attached. They shall be sold in such
manner as the council may prescribe, and the proceeds from such sale
used and expended under the orders of the council.

2. By reason of the fact that it is necessary for the town of Wood-
stock to install a sewerage system without delay, an emergency is
hereby declared to exist, and by reason thereof this act shall be in
force from its passage.