Chap. 226.—An ACT to authorize the council of the town of South Boston to issue
bonds of the town of South Boston in an amount not exceeding seventy-five
thousand dollars ($75,000) for general street improvement, and to provide for
the levy of a tax to pay interest on said bonds and retire the same as they

mature. | [S B 221]
Approved March 14, 1942

Whereas, the use of certain streets of the Town of South Boston for
long distance freight transportation has greatly increased, and such use
imposes a heavy burden upon the town and congests traffic along such
streets, and because of the noise of such traffic the comfort of the citizens
of the town is greatly disturbed ; and

Whereas, in the opinion of the council the construction of a highway
in the nature of a belt line or by-pass, within or without the limits of said
town, by means of which such transportation may be diverted to other
routes is necessary and essential to the welfare, safety and comfort of the
citizens of said town, and the town should provide such part of the cost of
a right-of-way and construction of such highway as is required of the
locality ; and

Whereas, traffic along certain streets has greatly increased, and it is
desirable and necessary that at certain points the right-of-way be widened
and a new street line be established to relieve congestion and generally to
serve the public convenience ; and

Whereas, it is the desire of the council of the Town of South Boston
to provide for the cost of such anticipated improvements ; therefore,

1. Be it enacted by the General Assembly of Virginia, That the
council of the Town of South Boston may issue bonds of the Town of
South Boston in the aggregate principal sum of seventy-five thousand
dollars ($75,000), or any part thereof, for said purposes, all of which
are hereby declared to be proper public and municipal purposes of the
Town of South Boston.
cH. 226] ‘ACTS OF ASSEMBLY ‘329

Said bonds shall be numbered consecutively from one upward, of
the denomination of one thousand dollars each, and shall bear date as
fixed by the council, and shall be payable in series of ten thousand dollars,
or more, each year, beginning eight years from date, and shall bear inter-
est at a rate not exceeding three per cent per annum, payable sem-
annually. Said bonds shall be in coupon form. They shall be signed by
the mayor and attested by the clerk of said town, and the corporate seal
of the 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 substantially in the
following form:

UNITED STATES OF AMERICA
COMMONWEALTH OF VIRGINIA

TOWN OF SOUTH BOSTON.

GENERAL STREET IMPROVEMENT BOND

\ $1000.06

Know all men by these presents: That the Town of South Boston, a
municipal corporation of the Commonwealth of Virginia, for value
received, acknowledges itself indebted and promises to pay to bearer the

sum of one thousand dollars on the...........-...-....--- day Of... y
19.0... , together with interest thereon from the date hereof until the
payment of said principal sum, at the rate of..............-..... per annum,
payable semi-annually on the.......-...-...---.--------- 6 Eo) ee and

veneccccesceeeccceerenee 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 principal and interest of this bond are payable in lawful
currency of the United States of America at the Guaranty Trust Com-
pany in the City of New York, New York.

This bond is one of an issue of ................ bonds of like date and
tenor except as to maturity, numbered from one to..................-- , inclusive,
issued pursuant to the Constitution and statutes of the Commonwealth of
Virginia, including an act of the General Assembly of Virginia approved
pane iocaneceeeeeeieseberer , nineteen hundred and forty-two, and pursuant to
resolutions and proceedings of the council of the Town of South Boston
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 Vir-
ginia 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 pay-
ment of the principal and interest of this bond according to its terms.

In witness whereof, the Town of South Boston 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
attached to be signed by the facsimile signature of the said mayor and

clerk, and this bond to be dated the.................... day of. ......--.---------- , 19.2.2...
a a Mayor t—~—t
Attest:

Clerk t—t—~—t

(SEAL)

Company, in the City of New York, New York, being six months’ interest

then due on its general street improvement bond numbet...........-.-.-------------
dated the.......... wenreere LAY OL reenvenssencennnennny 19...
Clerk Mayor its

- 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 thereto, and shall be
incontestable, anything herein or in other statutes to the contrary not-
withstanding, 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 South Boston, 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.