Chap. 131.—An ACT to validate certain coupon bonds issued by the town
of South Boston under date of April 2, 1900, payable thirty-four years
after their date, with interest at the rate of four and one-half per centum
per annum, payable semi-annually aggregating twenty thousand dollars,
said bonds being forty in number and of the denomination of five
hundred dollars each. (H. B. 134)

Approved March 18, 1915.

Whereas, pursuant to the provisions of the charter of the town of
South Boston, and of the general laws of the State of Virginia, and
also pursuant to the will of a majority of the freeholders of said town,
expressed at an election held pursuant to said charter and laws prior
to the second day of April, nineteen hundred, the said town of South
Boston, under date of the second day of April, nineteen hundred, executed
forty coupon bonds of the denomination of five hundred dollars each,
payable thirty-four years after their date, with interest at the rate of
four and one-half per centum per annum, payable semi-annually, said
semi-annual instalments of interest being evidenced by the sixty-eight
coupons attached to each of said bonds, said bonds and coupons being
executed and signed for and on behalf of said town of South Boston
by J. M. Carrington, president of the council of said town, and said
bonds having the seal of the town affixed; and |

Whereas, the record of the proceedings of the town council declaring
the advisability of said issue of bonds calling and ordering the said
election therefor and receiving the returns thereof, and directing the
issue of the bonds pursuant thereto, were contained in a book kept by
the clerk of the council of said town in a building which was destroyed
by fire on or about the twenty-seventh day of March, nineteen hundred
and seven, since which time the said book of records has not been seen
and it is believed to have been then destroyed, but the proceedings in
regard to the issue of said bonds were regular and the said bonds were
and are valid and binding obligations on the said town and it is desired
to remove any cloud upon the same and to have them declared valid
by the general assembly of Virginia ; therefore,

1. Be it enacted by the general assembly of Virginia, That the
forty coupon bonds of the denomination of five hundred dollars each,
bearing date of the second day of April, nineteen hundred, issued by
the town of South Boston, and executed and signed for and on behalf
of said town, by J. M. Carrington, president of the council of said town,
and under the seal of the said town, or so many of the said bonds as
have not been redeemed and now remain outstanding which said bonds
are payable thirty-four years after their date, with interest at the rate
of four and one-half per centum per annum, payable semi-annually,
said semi-annual instalments of interest being evidenced by coupons
attached to said bonds, which coupons are executed and signed for and
on behalf of said town by said J. M. Carrington, president of the council
o: said town, which said bonds and coupons are fully described in the
preamble hereto, be and the same hereby are each and all declared to be
valid and binding obligations upon the said town.

2. In view of the cloud upon the said bonds, and coupons, caused
by the loss of the record book aforesaid, which cloud it is important to
remove at once, an emergency is declared to exist, and this act shall be
in effect from its passage.