Chap. 278.—An ACT to authorize the town of Bridgewater in the county of
Rockingham, Va., to issue bonds and borrow money for the purpose of estab-
lishing water works, ete.

Approved March 13, 1908.

1. Be it enacted by the general assembly of Virginia, That the council
of the town of Bridgewater may, for and in the name of said town,
cause to be issued bonds (the form of which shall be prescribed by the
council), not exceeding the amount of twenty-three thousand dollars,
or so much thereof as may not exceed the constitutional limits, and bear-
ing a rate of interest not exceding six per centum per annum, and pay-
able not exceeding thirty years from date redeemable after ten years at
the pleasure of the council of said town: provided, however, that the
money arising from the sale of said bonds shall be issued and applied
by the said council for the purpose of establishing a system of water
works, and for the improvement of the streets, and for establishing a
system of sewerage for said town: provided, said bonds shall not be sold
for less than their par value nor issued at all until the proposed ex-
penditure shall have been approved by a majority of the qualified voters
of said town voting at a special election called by said council, and con-
ducted according to the laws applicable to special elections.

2. Said town of Bridgewater shall have the power and is hereby au-
thorized, through its proper officers, to order and make such town levies
as may be necessary to be made in order to raise the amounts necessary
to pay the interest and principal of said bonds as the same become due:
provided, however, that the said tax shall not exceed in any one year,
twenty-five cents on every one hundred dollars value of such property,
in addition to the maximum rate of fifty cents on every one hundred
dollars value of such property now authorized by the charter of said
town of Bridgewater.