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 | 1901/1902 |
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Law Number | 552 |
Subjects |
Law Body
Chap. 552.—An ACT to amend and re-enact article 10 of an act entitled an act to
incorporate the town of Phebus, in Elizabeth City county, approved January 22,
1900.
Approved April 2, 1902.
1. Be it enacted by the general assembly of Virginia, That article ten of
an act entitled an act to incorporate the town of Pheebus, in Elizabeth City
county, approved January twenty-second, nineteen hundred, be amended
and re-enacted so as to read as follows:
ARTICLE TEN.
§ 1. The council of the said town is hereby authorized and empowered
to borrow money in such sum or sums, not exceeding in the aggregate fif-
teen thousand dollars, upon the faith, credit, and property of the said
town, and to issue bonds therefor signed by the mavor and attested by
the recorder: but, provided, that such bonds shall not be sold at less than
their par value and bear interest at a rate not exceeding six per centum
per annum. The money hereby authorized to be borrowed shall be used
for any one or more of the following purposes—namely: To provide 2
suitable equipment against fire, erecting of school buildings and improv-
ing the same, grading, paving, or otherwise improving any one or more
of the streets or avenues in the said town. or of locating, instituting, and
maintaining sewers and culverts in and along any of such streets or
avenues, or any part or parts thereof, or for their permanent municipal
improvements. The council of the said town shall make proper provisions
for the payment of the annual interest upon such bonds as may be issued
under this article, and shall provide a sinking fund, with their redemp-
tion at maturity; the coupons thereof shall be receivable for town taxes.
2. This act shall be in force from its passage.