Chap. 149.—An ACT to authorize the town of Scottsville to contribute towards
the erection of a bridge across James river at or near said town, and to
negotiate a loan and issue its bonds for that purpose.

Approved January 24, 1900.

1. Be it enacted by the general assembly of Virginia, That the counci!
of the town of Scottsville may negotiate a loan for the purpose of aid-
ing in the construction of a bridge suitable for wagons and other
vehicles, across James river at or near said town, and shall have
authority for that purpose to issue registered or coupon bonds for
said loan or loans, payable not more than thirty years after the date of
said bonds, bearing interest at a rate not greater than five per centum,
payable annually, and in such denominations and amounts as said
council shall direct, not exceeding, however, the sum of three thousand
dollars: provided, that two-thirds of the council of said town shall
approve and authorize said loan: and provided further, that said loan
shall not be made unless and until the same shall be sanctioned by two-
thirds of the qualified voters of said town voting upon said question;
which two-thirds shall include a majority of the votes cast by the free-
holders at such election, and also a majority of the registered voters
of said town, to be ascertained by a vote taken and conducted and
returned as near as may be in the manner and by the officers as provided
by sections one thousand two hundred and forty-three and one thou-
sand two hundred and forty-one of the code of Virginia, after having
given notice thereof. by publication for four weeks successively in some
newspaper, if anv be published in said town; such election to be held
at such time as the council of said town shall direct. The ballots to be
used in such election shall be provided by the council of said town:
and provided further, that the council of said town shall annually invest
in Virginia state or United States bonds, as a sinking fund, such pro-
portion of the revenue of said town as shall be deemed equal in cash
value to one-thirtieth of said loan; which sinking fund shall be used
exclusively for the payment of the bonds issued for said loan. Any
bonds issued under the provisions of this section shall be regularly
numbered, signed by the mayor, clerk, and treasurer of said town, and
recorded in a book to be kept for that purpose.

2. Said town of Scottsville shall have the power, and is hereby author-
ized through its proper officers, to order and make such town levies as
mav be necessary to be made in order to raise the amounts necessary
to pay the interest and principal of said bonds as the same become due.

3. All acts and parts of acts inconsistent herewith are hereby repealed.

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