Chap. 56.—An ACT to authorize the Town of Halifax in Halifax County to
issue bonds of said town in an amount not exceeding the sum of twenty-five
thousand dollars ($25,000) for the purpose of constructing a water works
and water supply system, and to provide for the levy of a tax to pay the
interest on said bonds and retire the same as they mature. [S B 89]

Approved March 2, 1938

Be it enacted by the General Assembly of Virginia as follows:

Section 1. The council of the Town of Halifax in Halifax County
may without an election issue bonds of the Town of Halifax in the ag-
gregate principal sum of twenty-five thousand dollars ($25,000), or
any part thereof, for the purpose of erecting and constructing a water
works and a water supply for the said town. Said bonds shall be
numbered consecutively from one upward, of the denomination of
five hundred dollars ($500.00) each, and shall bear date as fixed by
the council, and shall be payable in series of one thousand dollars
each year, beginning five years from date, and shall bear interest at
a rate not exceeding four and one-half per centum, payable semi-
annually. Said bonds shall be in coupon form. They shall be signed
by the mayor of the town and attested by the clerk of the town, and
the corporate seal of said town shall be thereunto affixed, and the
coupons to be attached to said bonds shall be authenticated by the
facsimile signatures of said mayor and clerk. Said bonds and cou-
pons shall be substantially in the following form:
Know all men by these presents: That the Town of Halifax, a
municipal corporation of the Commonwealth of Virginia, for value
received, acknowledges itself indebted and promises to pay to the bearer
the sum of five hundred dollars on the -........... day Of -2.....-.22----206 _
19... . together with interest thereon from the date hereof. until
the payment of said principal sum, at the rate of ...........- per centum
per annum, payable semi-annually on the ............ 2
20 6 ree of each year, and at the maturity of this bond,
upon presentation and surrender of the annexed coupons as they shall
severally become due. Both prinicipal and interest of this bond are
payable in lawful currency of the United States of America at the
office of the Treasurer of the Town of Halifax, Halifax, Virginia. |

This bond is.one of an issue of .........-- bonds of like date and
tenor except as to maturity, numbered from one to .........-.. , inclusive,
issued for the purpose of erecting and constructing a water works and
a water supply for said Town, pursuant to the Constitution and stat-
utes of the Commonwealth of Virginia, including an act of the Gen-
eral Assembly of Virginia, approved .........-.--...-----seeceeeeeees nineteen
hundred and thirty-eight, and pursuant to resolutions and proceedings
of the council of the Town of Halifax duly had and adopted. |

It is hereby certified and recited that all conditions, acts and things
required by the Constitution and statutes of the Commonwealth of
Virginia to exist, to have happened and to be performed precedent
to and in the issuance of this bond exist, have happened and have
been performed, and that the issue of bonds of which this is one,
together with all other indebtedness of said town is within every
debt and other limit prescribed by the Constitution and laws of said
Commonwealth, and the faith and credit of said town are hereby
pledged irrevocably to the punctual payment of the principal and
interest of this bond according to its terms.

In witness whereof, the Town of Halifax has caused these presents
to be signed by its mayor and attested by its clerk, and its corporate
seal to be hereunto affixed, and the interest coupons thereunto at-
tached to be signed with the facsimile signatures of said mayor and
clerk, and this bond to be dated the -........... day Of ..2.....eeeeeeeeeees ;
nineteen hundred ................--.:s--:seseeceeeeeeeeeeeeeeeeeeeees

Attest:

ee ee ee ee er)
FORM OF COUPON

The Town of Halifax, in Virginia, will pay to the bearer on
the 2.0.2.2... day of ........ seveeeeeseeeeees , nineteen hundred —WW...202.2 2 ,
ee dollars in lawful currency of the United States
of America, at the office of the Treasurer of the Town of Halifax,
in Halifax, Virginia, being six months’ interest then due on its Water
Supply Bond number ................ , dated the -........... day of -......eeeeeeee eee ,
nineteen hundred -000...2...2.cceeceeeceseeeeeeeeeeeeeeeeeeeeees

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Section 2. Said bonds shall in any suit or proceeding involving
their validity be conclusively deemed to be fully authorized by this
act to have been issued, sold, executed and delivered in conformity
herewith, and with all other provisions and statutes applicable there-
to, and shall be incontestable, anything herein or in other statutes
to the contrary notwithstanding, unless such suit, action or proceeding
is begun prior to the delivery of such bonds.

Until the principal and interest of said bonds shall be fully paid,
there shall be levied and collected annually by tax on all property in
the Town of Halifax subject to taxation under the general laws of
the State of Virginia, a sum sufficient to pay the interest on all of
said bonds outstanding as it becomes due, and a further sum sufficient
to retire said bonds as they shall mature.

Section 3. This act shall be complete authority for the issuance
of said bonds regardless of any general act that may be passed at the
same session of the General Assembly and regardless of any provision
in the Charter of said Town of Halifax inconsistent or in conflict
with this act.

Section 4. An emergency existing this act shall be in force from
its passage.