Chap. 193.—An ACT authorizing the council of the city of North Danville, in
Pittsylvania county, Virginia, to issue the bonds of said city for the purpose

_ of raising money to pay off North Danville’s pro rata portion of the bonds of
said county.

Approved February 10, 1894.

1. Be it enacted by the general assembly of Virginia, That the
council of the city of North Danville, in Pittsylvania county, be,
and is hereby, authorized and empowered to issue coupon bonds of
the said city, to an amount not exceeding twenty-five thousand dol-
Jars, for the purpose of raising money to pay off its pro rata part of
such of the bonds of said county of Pittsylvania now outstanding,
as remain unpaid, which were issued in the year eighteen hundred
and seventy-one for the payment of the subscription of said county
to the capital stock of the Lynchburg and Danville railroad com-
pany. Said bonds shall be of the denomination of one hundred dol-
lars, or its multiple, bearing interest at a rate not exceeding six per
centum per annum, payable semi-annually at the office of the Vir-
ginia trust company, at Richmond, Virginia; shall be in such form
as the said council may prescribe; shall be signed by the president
of the council, countersigned by the secretary of said council, sealed
with the seal of the said city, and run for a period of not exceed-
ing twenty years, and be redeemable at the option of the said city at
any time after the expiration of five years from the date of said
bonds.

2. This act shall be in force from its passage.