Chap. 127.—An ACT to amend and re-enact section 4 of an act approved
March 3, 1900, entitled an act to authorize the council of the town of New
Market to borrow money for certain improvements.

Approved March 10, 1906.

1. Be it enacted by the general assembly of Virginia, That section
four of the act approved March fifth, nineteen hundred, entitled an act to
authorize the council of the town of New Market to borrow money for
certain improvements be amended and re-enacted so as to read as follows:

§4. The council of the said town of New Market, Virginia, shall have
the right, and the said council is hereby authorized annually to levy and
collect taxes not exceeding the rate allowed by the general laws of this
Commonwealth for towns whose charter does not provide a specific or
special rate of taxation; that out of small levy said council of said town
of New Market shall lay aside sufficient money to pay the interest on the
bonds which yet remain unpaid, and a portion thereof for meeting the
payment of the principal of the said bonds; out of said amount of taxes
so levied not a greater amount than fifteen cents upon the one hundred
dollars of the assessed value of real estate and personal property of said
town out of each annual Jevy shall be appropriated to the payment of the
interest as it accrues annually, and to the payment of the principal of
said bonds. The residue of the annual levies made under this amended
act the council of said town are authorized and empowered to expend and
appropriate for any lawful purpose.

This act is regarded as an emergency act, and it is hereby enacted that
it shall he in force from its passage.