CHAP. 29.—An ACT to amend and re-enact an act approved April
4, 1877, entitled an act to amend and re-enact section 57 of an
act approved March 20, 1874, entitled an act providing a charter for
the city of Manchester.

Approved March 31, 1879. ‘

1. Be it enacted by the general assembly of Virginia, That.
section one of an act approved April fourth, eighteen hundred
and seventy-seven, entitled an act to amend and re-enact sec-
tion fifty-seven of an act approved March twentieth, eighteen
hundred and seventy-four, entitled an act providing a charter
for the city of Manchester, be and the same is hereby amended
and re-enacted so as to read as follows:

§57. Whenever hereafter there shall be contracted by the
city council any debt not payable within one year thereafter,
there shall be set apart annually for thirty-four years, or until
the debt is paid, a sum not less than one per centum of the
amount of such debt in addition to the annual interest agreed
to be paid thereon, which sum shall be applied and invested
towards the payment of such debt. The total indebtedness -
of the said city as now existing shall not be increased for any
purpose except for a sum to cover the necessary costs and ex- -
penses of funding the present floating debt of said city, amount-
ing to twenty-seven thousand dollars, as hereinafter authorized.
The council of said city is authorized to issue bonds not ex-.
ceeding thirty thousand dollars for the sole purpose of retiring ©
the above-mentioned floating debt, which purpose shall be ex-
pressed on the face of said bonds. Said bonds may be regis-
tered or may have coupons attached for interest, and such cou-
pons may be made receivable for city taxes. Hereafter the said
city council shall impose such taxes as shall be sufficient, with
the other ordinary revenues of the city, to pay the interest on
the bonded debt, and the other annual current expenses of the
city.

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