Chap. 853.—An ACT to empower the town of Clarksville to subscribe to the
capital stock of the Clarksville toll-bridge company, to issue bonds to pay
such subscription, and to hold an election to determine whether or not
such subscription shall be made, and to levy taxes to pay the interest and
principal of said bonds.

Approved March 6, 1900.

1. Be it enacted by the general assembly of Virginia, That the
town of Clarksville, in Mecklenburg county, be, and it is hereby, au-
thorized to subscribe for the capital stock of the Clarksville toll bridge
company, to an amount not exceeding the sum of ten thousand dollars,
and said town is hereby authorized to issue its bonds for an amount
sufficient to pay such subscription, but no such subscription shall be
made until the question has been submitted to the voters of said town,
and a majority of the vote cast at such election shall be in favor of such
subscription, and such majority shall include a majority of the free-
holders voting at such election.

2. It shall be lawful for the council of said town to cause an elec-
tion to be held in said town to determine whether or not such sub-
scription to said bridge company shall be made; such election shall be
held in accordance with the provision of the charter of said town in
so far as the same may be applicable, and under such rules as the council
may prescribe.

3. The bonds issued under this act shall be in such denomination,
payable at such time, bear such rate of interest, not to exceed six per
centum per annum, as the council may determine, and shall not be
disposed of by said town at less than the par value thereof.

The amount of bonds issued under this act shall not exceed the sum
of ten thousand dollars.

4. The council of said town shall have authority to levy a tax on
the property taxable for the other purposes of said town sufficient to
pay the interest and to provide a sinking fund to pay the principal of
said bonds when the same falls due.

5. This act shall take effect from and after its passage.