Chap. 203.—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 thousand
dollars ($20,000.00) for the purpose of constructing and providing a Sewer
System for the Town of Halifax, and to provide for the levy of a tax to pay
the interest on said bonds and retire the same as they mature. {[H B 328]

Approved March 13, 1940

1. Beit 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 thousand dollars ($20,000.00), or any
part thereof, for the purpose of building, constructing, and providing
a sewer system for the said town. Said bonds shall be numbered con-
secutively 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 five hundred dollars ($500.00) each
six months, beginning one year 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, and the said bonds
shall be subject to call and redemption in whole or in part on any
interest date at par and accrued interest upon sixty days notice by
publication in a newspaper published in the county of Halifax, Vir-
ginia. If all of the bonds of said issue are not called for redemption
at one time, the particular bonds to be redeemed on any call date
shall be selected by lot. 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 coupons shall be substan-
tially in the following form:

UNITED STATES OF AMERICA

Commonwealth of Virginia
Town of Halifax

SEWER SYSTEM BOND
No....... $500.00

Know All Men By These Presents:

That the Town of Halifax, a municipal corporation of the Com-
monwealth of Virginia, for value received, acknowledges itself in-
debted and promises to pay to the bearer the sum of five hundred
dollars ($500.00) on the .......... day of ............. 20000
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 .......... days of ......
Lecce eee and ..................++ Of each year, and at the
maturity of this bond, upon presentation and surrender of the annexed
coupons as they shall severally come due. This bond is subject to
call and redemption at par and accrued interest on any interest date
upon sixty days notice by publication in a newspaper published in
the county of Halifax, Virginia. If all of the bonds of the issue of
which this bond is a part are not called for redemption at one time,
the particular bonds to be redeemed on any call date will be selected
by lot. Both principal 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 tenor
and date, except as to maturity, numbered from one to ............ ,
inclusive, issued for the purpose of building, constructing, and pro-
viding a sewer system for the said town, pursuant to the constitution
and statutes of the Commonwealth of Virginia, including an act of
the General Assembly of Virginia, approved ..................006.
nineteen hundred and forty (1940), 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 Common-
wealth 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 payments 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 ........... CAG OF ..cucuesucewe
nineteen hundred ..................--

Mayor
Attest:
Clerk
(SEAL)
FORM OF COUPON

auehinee Te PETC TTeee

The Town of Halifax, in Virginia, will pay to the bearer on the
PPrrrrire day of .................+....+, nineteen hundred
re $........, in lawful currency of the United

States of America, at the office of the Treasurer of the Town of Halli-
fax, in Halifax, Virginia, being six months interest then due on its
Sewer System Bond number ....... , dated the ......... day of
Lecce eee ees , nineteen hundred ....................

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Section 2. Said bonds shall in any suit or proceedings 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 thereto
and shall be incontestable, anything herein or in any other statutes
to the contrary notwithstanding, unless such suit, action, or pro-
ceeding is begun prior to the delivering 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 local 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 pro-
vision in the charter of said Town of Halifax inconsistent or in con-
flict with this act.

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