Chap. 247.—An ACT to amend the charter of the town of South Boston, in Hali-
fax county, Virginia.

Approved March 25, 1902.

1. Be it enacted by the general assembly of Virginia, That section
twenty-two of an act to incorporate the town of South Boston, in the
county of Halifax, approved February nineteenth, eighteen hundred
and eighty-four, as amended by an act approved March seventh, eighteen
hundred and eighty-four, amending section eight, and by an act ap-
proved February twenty-sixth, eighteen hundred and eighty-six, amend-
ind sections one and two, and by an act approved May twelfth, eighteen
hundred and eighty-seven, amending section eight, as amended by an
act approved January thirtieth, eighteen hundred and eighty-cight, en-
titled an act to amend and re-enact an act entitled an act to incorporate
the town of South Boston, in the county of Halifax, be amended and re-
enacted so as to read as follows:

$22. The council may, in the name of and for the use of the said
town, contract loans and issue bonds therefor, bearing interest at the
rate of six per centum or less per annum, payable semi-annually, and
redeemable in thirty-four years or less, which bonds shall not be sold at
less than their par value; and the said bonds shall be exempt from taxa-
tion by said town: provided, that the council shall not contract any loan
or issue any bonds therefor, unless the same be authorized by a vote of
the resident freeholders of the said town and a majority of the vote be
in favor thereof: and provided, further, that in no case shall the aggre-
gate debt of the said town at any one time exceed seven and a half per
centum of the assessed value of the property, real and personal, within
the corporate limits of the said town. And in any election held under
this section the order therefor shall state the object for which the money
is to be used.
2. This act shall be in force from its passage.