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 |
---|---|
Law Number | 562 |
Subjects |
Law Body
Chap. 562.—An ACT to allow the town of Front Royal to supply said town and its
inhabitants in the vicinity of said town with water, and to issue bonds of said
town to effect said purpose.
Approved April 2, 1902.
1. Be it enacted by the general assembly of Virginia, That it shall be
lawful for the town of Front Royal to provide for supplying said town
and the inhabitants thereof, and of the vicinity, with a suitable and ade-
quate supply of water by the purchase of the present water works now
owned by the Royal Water Company in said town, or by the erection of
new works and plants for said purpose, and to that end to borrow money
and negotiate bonds of said town for the same, to an amount not exceed-
ing thirty-five thousand dollars.
2. Said bonds shall be known and designated as water bonds; thev shall
be registered or coupon bonds, as may be determined bv the council of
said town; shall he issued in such denomination and bear such rate of
interest, not excceding five per centum per annum, as may be determined
by said council. The principal of said bonds shall be pavable thirty
years from the date of their issuance, or upon the call of said town coun-
cil at any time after twenty years from their date; said bonds shall be
signed by the mayor of said town and countersigned by the recorder, and
shall have printed on the face thereof the statement that they were issued
in pursuance of the provisions of this act, and by authority of the voters
of said town as prescribed herein. ‘They shall be negotiated and sold in
such manner as shall be prescribed by said council, but they shall not be
sold for less than the par value thereof : provided, that. only so much
money shall be borrowed hereunder, and a sufficient amount of bonds
issued therefor, as may be necessary for the purposes herein declared,
and no money shall be borrowed or anv of said bonds issued therefor un-
less and until a plan or scheme for supplying seid town and inhabitants
thereof, and in the vicinity thereof, as aforesaid with water shall be agreed
upon and adopted by the said council, and the issue of said bonds au-
thorized by a majority of the qualified voters of said town as hereinafter
provided.
3. The control and management of any water works purchased or con-
structed under this act shall be under the direction of said town council,
to be exercised by it or through such committees or agencies as it may
adopt, and said council shall prescribe the revenue and charges to pay for
the use of water; may make fines and penalties for the injury or abuse of
said works or property connected therewith or for the abuse or waste of
said water furnished by said town, and may enforee and collect said fines
and. penalties, and the charges for water by distress or otherwise, as said
council may determine.
4. The revenues derived from the charges for water and the fines and
penalties collected pursuant to the third section hereof shall, after the
payment. of the running expenses of the works, be appropriated towards
the payment—first, the interest on the bonds herein authorized to he
issued ; next, to provide a sinking fund for the hquidation of said bonds,
and then to such purposes as the council may determine. But to provide
for keeping and running said works, and the payment of the interest
on the principal of said bonds, said council shall, in aid and supplement
of said revenues, should it be deemed necessary, levy and collect taxes on
any and all subjects which it may now or may hereafter be authorized to
tax. The sinking fund to provide for the payment of said bonds shall not
be less than one per centum per annum upon the amount of the bonds out-
standing.
5. To establish a svstem of water works for said town either by the
purchase of the present water works or by the crection of new works and
laving pipes within or without the limits of said town, and for the pur-
pose of extending, improving, or enlarging said system of water works,
the said town may acquire, by purchase or otherwise, and hold such rea
and personal property, within or without said town, as may be neees-
sary therefor, and may have such land, within or without said town, neces-
sary for such purposes condemned by proceedings before the proper tribu-
nal having jurisdiction over the same im the manner preseribed by the
general laws of the State for condemning lands for other works of inter-
nal improvement.
This act shall not be operative until the question of the issue of said
bonds shall have been submitted to the voters of said town, and it shall
appear by a return of the votes cast at such election that a majority of
the qualified voters of said town are in favor of the issue of bonds as
provided in this act. Said election to be held in such manner as the said
couneil shall prescribe after the passage of this act, and such election to
be held after notice of the time, place, and object thereof shall be given
by publication for two consecutive weeks in one or both of the news-
papers published in the town of Front Roval, and in such manner as may
be deemed necessary and advisable by said council. The result of said
cleetion shall be spread upon the minutes of the council of the town of
Front Royal, and shall constitute a basis for the issuance of said bonds of
the said town.
This act shall be in force from its passage.