Chap. 57.—An ACT to amend and re-enact section 7 of article 4 of an act en-
titled “an act incorporating the town of Barton Heights, in Henrico
county,” approved January 30, 1896, as amended by act approved January
25, 1898.

Approved February 27, 1906.

1. Be it enacted by the general assembly of Virginia, That section seven
‘article four of an act entitled “an act incorporating the town of Barton
eights. in Henrico county,” approved January thirty, eighteen hundred
id ninety-six, as amended by act approved January twenty-fifth, eigh-
en hundred and ninety-eight, be amended and re-enacted so as to read
: follows:

Article 4, §7. That it shall be lawful for the council of said town to
orrow a sum of money yearly sufficient to defray the current expenses of
iid town: provided, this sum does not exceed seventy-five per centum of

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the total tax, and that no loan of this character shall be obtained until the
similar one of the preceding year has been liquidated, or its liquidation
made simultaneously with new loan. It shall be further lawful for the
said council to borrow money and issue bonds to an amount which, in-
cluding existirig indebtedness, shall not exceed eighteen per centum of
the assessed valuation of the real estate in said town, subject to taxation,
to be expended by said council in the exercise of the powers conferred upon
them in this charter: provided, however, that the bonds issued for such
money shall not be made payable within less than thirty years from their
date ; and that it shall be the duty of the council to provide a sinking fund
sufficient to pay off said bonds at their maturity: provided, further, that
the said council shall not issue any bonds until the expediency of said
issue is submitted to a vote of the voters of said town at an election held for
that purpose, as provided by section ten hundred and thirty-eight of Pol-
lard’s Code of Virginia.

The town of Barton Heights having borrowed the full amount allowed
by its charter, and being in need of more money for the immediate com-
pletion of its water and sewer system, an emergency is declared ta ex-
ist; and, therefore, this act shall be in force from its passage. -