Chap. 76.—An ACT to amend and re-enact section 18 of an act to
amend and re-enact the charter of the town of North Danville, ap-
proved March 7, 1884.
Approved November 22, 1884.
1. Be it enacted by the general assembly of Virginia, That
section eighteen of an act to amend and re-enact the charter
of the town of North Danville, approved March seventh,
eighteen hundred and eighty-four, be amended and re-enacted
so as to read as follows:
§ 18. The said corporation shall have a right to issue bonds
to the amount of seven and one-half per centum of the as-
sessed value of real and personal estate in said corporation,
and pledge the revenues of said corporation for the payment
thereof, which bonds shall bear interest at the rate of six per
centum per annum, payable semi-annually, and redeemable in
thirty years or less; and said bonds shall not be sold at less
than ‘their par value, and the proceeds shall be applied as the
council may direct for the benefit and use of the town.
2. This act shall be in force from its passage.