CHAPTER 109

An Act to amend and reenact §§ 8.05, 5.01, 6.02 and 6.05 of Chap 147
of the Acts of Assembly of 1962, ‘approved February 28, 1962, which
provided for the consolidation of Princess Anne County and. the city
of Virginia Beach and a charter for the new city of Virginia Beach,
and to amend said chapter by adding a section numbered 8.07, the
amended and new sections relating, respectively, to powers of the
city council, the fiscal year of the city, purposes for which bonds or
motes may be issued, authority for issuance of bonds and to the annual
assessment of real estate.

[H 280]

Approved February 26, 1964
Be it enacted by the General Assembly of Virginia:

1. That §§ 3.05, 5.01, 6.02 and 6.05 of Chapter 147 of the Acts of Assem-
bly of 1962, approved February 28, 1962, be amended and reenacted

and that said chapter be amended by adding a section numbered 8.07 as
ollows:

§ 3.05. Powers. All powers vested in the city shall be exercised by
the council except as otherwise provided in this charter. In addition to the
foregoing, the council shall have the following powers:

(a) To provide for the organization, conduct and operation of all
departments, bureaus, divisions, boards, commissions, offices and agencies
of the city. ,

(b) To create, alter or abolish departments, bureaus, divisions,
boards, commissions, offices and agencies, * except as specifically provided
herein to the contrary.

(c) To create, alter or abolish and to assign and reassign to depart-
ments, all bureaus, divisions, offices and agencies, * except as specifically
provided herein to the contrary.

(d) To provide for the number, titles, qualifications, powers, duties
and compensation of all officers and employees of the city.

(e) To provide for the form of oaths and the amount and condition
of surety bonds to be required of certain officers and employees of the city.

(f) To provide for the submission of any proposed ordinance to the
qualified voters of the city at an advisory referendum to be initiated by a
resolution to the circuit court of the city and held not less than 30 nor
more than 60 days thereafter in the manner provided by law for general

ons.

§ 5.01. Fiscal year. The fiscal year of the city shall be established
by ordinance unless such fiscal year is established by general law, in which
event the fiscal year established by general law shall be the fiscal year of
the city. The fiscal year of the city shall also constitute * the budget and
accounting year.

§ 6.02. Purposes for which bonds or notes may be issued. Bonds, *
and notes in anticipation of bonds when the issuance of bonds has been
authorized as hereinafter provided, may be issued for any purpose for
which cities are authorized to issue bonds by the Constitution or general
laws. Notes may be issued, when authorized by the council, at any time
during the current fiscal year in anticipation of the collection of revenue
of such year.

§ 6.05. Authority for issuance of bonds. No bonds of the city shall
be issued until their issuance shall have been authorized * by an ordinance
adopted by the affirmative vote of a majority of all members of the council
and approved by the affirmative vote of a majority of the qualified voters
of the city voting on the question at an election called and held for the
purpose in the manner provided by law for submitting any question or
proposition to the electors; provided that bonds issued for a supply of
water or other specific undertaking from which the city may derive a rev-
enue, as permitted by Section 127 (b) of the Constitution, shall be author-
ized in the manner prescribed therein; provided further that the council

may issue bonds in any amount or amounts not exceeding $500,000 in any
calendar year for any proper purpose and notes in anticipation of collec-
tion of revenue of the current fiscal year without submitting the question
of their issuance to the voters; and provided further that the council may
issue bonds in any amount or amounts not exceeding $1,000,000 in any
calendar year for water, sewer and other public utility systems without
submitting the question of their issuance to the voters.

§ 8.07. Annual assessment of real estate. The council may, in lieu
annual, biennial or triennial assessment, reassessment and equalization of
of the methods prescribed by general law, provide by ordinance for the
assessments of real estate for local taxation and to that end may appoint
one or more persons as assessors to assess or reassess for taxation the real
estate within the city. Such assessors shall make assessments and reassess-
ments on the same basis as real estate is required to be assessed under the
provisions of general law and as of the first day of January of each year
in which such assessment, reassessment and equalization of assessments
is made, shall have the same authority as the assessors appointed under
the provisions of general law and shall be charged with duties similar to
those thereby imposed upon such assessors. The judge of the circuit court
shall annually appoint a board of equalization of real estate assessments
to be composed of three members who shall be freeholders of the city.
Such board of equalization shall have and may exercise the powers to
revise, correct and amend any assessment of real estate and to that end
shall have all powers conferred upon boards of equalization by general
law. The provisions of general law notwithstanding, the board of equali-
zation may adopt any regulations providing for the oral presentation, with
formal petitions or other pleadings of requests for review, and looking to
the further facilitation and simplification of proceeding before the board.
This section shall not apply to assessment of any real estate assessable by
the State Corporation Commission.
An emergency exists and this act is in force from its passage.