~Chap. 27, An ACT to validate certain outstanding notes of the city of Radford,
and to provide for the issuance of bonds of said city to fund such notes.

[H B 16]
Approved January 14, 1937

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

Section 1. The notes of the city of Radford of the aggregate
principal amount of fifty-seven thousand dollars, dated the first day
of October, nineteen hundred and thirty-six, and payable the thirtieth
day of June, nineteen hundred and thirty-seven, bearing interest at
the rate of three and one-half per centum per annum, and consisting
of eleven notes of the denomination of five thousand dollars each and
one note of the denomination of two thousand dollars, each of which
notes recites that it is issued pursuant to section fifty-two of the
charter of said city, and an ordinance adopted by the council of said
city on the twenty-eighth day of September, nineteen hundred and
thirty-six, and the indebtedness evidenced by said notes, are hereby
legalized and validated, notwithstanding any omission, defect or
irregularity in the issuance of said notes or the incurring of said in-
debtedness or in the acts done or proceedings taken by or on behalf
of said city for the purpose of issuing said notes and incurring said
indebtedness; and said notes are hereby declared to be valid and
legally obligations of said city.

Section 2. Said city is hereby authorized to issue bonds of said
city for the purpose of funding or paying said notes. Said bonds
shall mature at such time or times and shall bear interest at such
rate or rates, not exceeding five per centum per annum, payable semi-
annually, and shall be issued in such form and with such provisions
as to time, place and medium of payment as the council of said city
may determine. The issuance of said bonds shall be authorized by
resolution of said council, and said bonds shall be sold either at public
sale or at private sale, as may be determined by said council. None
of said bonds shall mature more than twenty years subsequent to its
date.

Section 3. The powers granted by this act are not subject to any
limitation or restriction prescribed by any other act or acts.

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

passage.