Chap. 713.—An ACT to amend and re-enact section 48 of an act approved Febrn-
ary 12, 1890, entitled an act to change the name of the town of Goodson and pro-
vide a new charter for the same, as amended and re-enacted by acts approved
January 22, 1892, and February 16, 1892.

Approved March 3, 1893.

1. Be it enacted by the general assembly of Virginia, That section
forty-eight of an act approved February twelfth, eighteen hundred and
ninety, entitled an act to change the name of the town of Goodson and
provide a new charter for the same, as amended and re-enacted by acts
approved January twenty-second, eighteen hundred and ninety-two, and
February sixteenth, eighteen hundred and ninety-two, be amended and
§ 48. The city council may in the name of, and for the use of the city,
contract loans, or cause to be issued certificates of debt or bonds: pro-
vided no such certificates of debt or bonds shall be issued except by a
two-thirds’ vote of the council: and provided further, that said council
shall not issue obligations to an amount in excess of twelve per centum
of the assessed valuation of the real and personal property within said
city; but such loans, certificates or bonds shall not be irredcemable for
a period greater than thirty-four years: provided further, that the coun-
cil of said city shall levy and collect such an amount of taxes per annum
as may be necessary to pay the interest on such certificates or bonds and
provide a sinking fund suflicient to pay the principal of same at matu-
rity. All contracts for the erection of public improvements within the
jurisdiction of the city council shall be let to the lowest bidder, and no-
tices shall be given at least thirty days before the work is finally let, by
advertising in one or more newspapers published in the city, and the
party to whom said contract shall be let shall give such bond as the
council may require; but in no event shall any contract be let to any
member of the city council, or shall any member have any interest in
said contract.

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