An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1893/1894 |
---|---|
Law Number | 686 |
Subjects |
Law Body
Chap. 686.—An ACT to amend and re-enact section 42 of the charter of the
town of Culpeper.
ApprovedjMarch 5, 1894.
1. Be it enacted by the general assembly of Virginia, That sec-
tion forty-two of the charter of the town of Culpeper be amended
and re-enacted so as to read as follows:
§ 42. In order to enable the council to erect a system of water-
works for the town, it is hereby authorized and empowered to bor.
row for the said corporation a sum or sums of money, not in the
aggregate exceeding twenty thousand dollars, to be used for the pur:
pose of erecting a system of water-works for the said corporation and
of operating the same, and for no other purpose, in the manne!
hereafter prescribed, namely:
2. If at any time the said council, evidenced by a recorded vote o!
a majority of its members, shall deem it to be to the interest of the
corporation to borrow for the purposes above named, or if fifty of
the qualified voters of the said town shall present to the said counci
& petition requesting the same, the said council shall submit to s
vote of the qualified voters of the said town, at such time as it may
prescribe, not exceeding sixty days after the said vote shall have been
taken, or after the said petition shall have been presented as afore-
said, the question as to whether said sum of money shall be bor-
rowed, said election to be held as prescribed in sections eighteen and
twenty of this charter.
3. The said election shall be held and the result thereof certified
in the manner and form, and shall in all particulars conform to the
provisions of sections twelve hundred and forty-four, twelve hun-
dred and forty-five and twelve hundred and forty-six of the code of
Virginia of eighteen hundred and eighty-seven, so far as they are ap-
plicable thereto; except that the council shall prescribe the form of
the ballots both for and against the said loan, and if three-fifths of
the qualified voters, voting at such election, shall be in favor of bor-
rowing such money, and such three-fifths shall comprise a majority
of the freeholders participating in such election, the said council
shall issue for sale the bonds of said corporation, not exceeding the
sum of twenty thousand dollars, as aforesaid, or such lesser amounts
as may be necessary for the purposes aforesaid, which bonds shall be
registered, and shall be issued in such denominations, and bear such
interest, not exceeding six per centum per annum, as may be deter-
mined by the said council, said interest to be paid semi-annually.
The principal of said bonds shall be payable after twenty years or more
from their date, or upon the call of the said eerporation at any time
after five years from this date. Said bonds shall be signed by the
mayor and countersigned by the recorder, and shall be sold or ne-
gotiated in such manner as may be prescribed by the council: pro-
vided that they shall not be sold for less than their par value.
4. The said council may erect a depository for the money arising
from the sale or negotiations of the said bonds: provided they shall
require such security therefor as may be approved by the recorded
vote of at least two-thirds of all members of the council.
5. The existence of an indebtedness previously contracted shall
not prevent the borrowing of such additional sums of money as
may be borrowed according to the terms and in the manner herein-
before set forth. Section forty-three: All acts or parts of acts in-
consistent with this are hereby repealed.
6. This act shall be in force from its passage.