Chap. 212._An ACT to authorize the mayor and common council of
the town of Liberty, in the county of Bedford, to borrow money.

Approved March 6, 1882.

1. Be it enacted by the general assembly of Virginia, That
the mayor and common council of the town of Liberty be,
and they are hereby authorized and empowered to borrow
for said corporation, and for the purpose of bringing water
to and establishing water-works in said town, and making
other permanent improvements, a sum of money not exceed-
ing sixty thousand dollars, by tho issue and sale of the bonds
of said corporation as hereinafter provided.

2. Said bonds shall be registered, and shall be issued in
such denominations, and bear such rate of interest not exceed-
ing six per centum per annum, as may determined by said
mayor and common council—said interest to be payable
semi-annually. The principal of said bonds shall be payable
in thirty years from their date, or upon the call of said cor-
poration at any time after the expiration of five years from
their date. Said bonds shall be signed by the mayor of said
town and countersigned by the recorder, and shall be sold
and negotiated in such manner as may be prescribed by the
said mayor and common council: provided, that said bonds
shall not be sold for less than their par value.

3. In order to provide for the payment of the accruin
interest on said bonds, and of the principal thereof, the said
mayor and common council is hereby authorized and empow-
ered to levy and collect a tax, not to exceed in amount fifty
cents on the hundred dollars’ worth of property, to be known
as the water tax, and to be applied exclusively to the pur-
poses of this act.

4, The-said mayor and common council shall have the
power to purchase any lands, or privileges over any lands,
outside of or within the corporate limits of said town, for the
purpose of establishing said water-works; and if the said
mayor and common council are unable to agree with the
owners as to the price to be paid for said land, or privileges
over the same, then, upon application to the county court of
the county of Bedford, the said court shall appoint commis-
sioners to ascertain the value of said land, or the damages
for the privileges desired over the same, and proceed as in
like cases is provided by law: provided, that said mayor
and common council shall have no authority to issue bonds
under this act until they shall have first taken the sense of
the qualified voters of said town at an election held, after
due notice of the time and place thereof has been given, at
which said election the voters shall vote “fora water tax”
and “against a water tax”; and if it appear from the returns
of said election that a majority of the votes cast and a
majority of the freeholders voting are in favor of said water
tax, then said mayor and common council shall have the
right to exercise all the powers conferred by this act: and
provided further, that such election must be held within two
years from the passage of this act.”

5. All acts and parts of acts in conflict with this act are
hereby repealed.

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

Chap. 212._An ACT to authorize the mayor and common council of
the town of Liberty, in the county of Bedford, to borrow money.

Approved March 6, 1882.

1. Be it enacted by the general assembly of Virginia, That
the mayor and common council of the town of Liberty be,
and they are hereby authorized and empowered to borrow
for said corporation, and for the purpose of bringing water
to and establishing water-works in said town, and making
other permanent improvements, a sum of money not exceed-
ing sixty thousand dollars, by tho issue and sale of the bonds
of said corporation as hereinafter provided.

2. Said bonds shall be registered, and shall be issued in
such denominations, and bear such rate of interest not exceed-
ing six per centum per annum, as may determined by said
mayor and common council—said interest to be payable
semi-annually. The principal of said bonds shall be payable
in thirty years from their date, or upon the call of said cor-
poration at any time after the expiration of five years from
their date. Said bonds shall be signed by the mayor of said
town and countersigned by the recorder, and shall be sold
and negotiated in such manner as may be prescribed by the
said mayor and common council: provided, that said bonds
shall not be sold for less than their par value.

3. In order to provide for the payment of the accruin
interest on said bonds, and of the principal thereof, the said
mayor and common council is hereby authorized and empow-
ered to levy and collect a tax, not to exceed in amount fifty
cents on the hundred dollars’ worth of property, to be known
as the water tax, and to be applied exclusively to the pur-
poses of this act.

4, The-said mayor and common council shall have the
power to purchase any lands, or privileges over any lands,
outside of or within the corporate limits of said town, for the
purpose of establishing said water-works; and if the said
mayor and common council are unable to agree with the
owners as to the price to be paid for said land, or privileges
over the same, then, upon application to the county court of
the county of Bedford, the said court shall appoint commis-
sioners to ascertain the value of said land, or the damages
for the privileges desired over the same, and proceed as in
like cases is provided by law: provided, that said mayor
and common council shall have no authority to issue bonds
under this act until they shall have first taken the sense of
the qualified voters of said town at an election held, after
due notice of the time and place thereof has been given, at
which said election the voters shall vote “fora water tax”
and “against a water tax”; and if it appear from the returns
of said election that a majority of the votes cast and a
majority of the freeholders voting are in favor of said water
tax, then said mayor and common council shall have the
right to exercise all the powers conferred by this act: and
provided further, that such election must be held within two
years from the passage of this act.”

5. All acts and parts of acts in conflict with this act are
hereby repealed.

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