CHAP. 105.—An ACT to empower the council of the town of Clarksville,
in the county of Mecklenburg, to issue and sell bonds for the purpose
of establishing and maintaining an electric lighting plant in said town,
provided the question of bond issue for the purposes named be first
submitted to the qualified voters of the said town; and to authorize the
said council of the said town to call a special election for the submis-
sion of same to the voters of said town. (H. B. 95.)

Approved March 4, 1916.

Whereas, the council of the town of Clarksville has requested
2uthority from the general assembly of Virginia to call a special
lection, to submit to the legally qualified voters of said town
of Clarksville whether or not a majority of those voting will
favor the issuance of not more than ten thousand dollars of
‘own bonds, to bear such rate of interest as the council of said
own may determine, not to exceed six per centum per annum,
naturing not more than thirty years after date, the said council
0 determine the exact time of maturity; the proceeds of said
yonds to be used to defray the costs of installing, establishing
und maintaining an electric lighting system or plant in and for
he town of Clarksville and the citizens thereof, including the
rights of way therefor, the work, labor, material, costs of plans,
specifications and supervision, the work to be done according
0 plans to be provided by the council of said town; and,
Whereas, if the bonds provided by this act shall be issued,
the bonded indebtedness of the town of Clarksville. Virginia,
will be less than eighteen per centum of the assessed valuation
of the real estate of said town, as shown by the last assessment
for taxes; therefore,

1. Be it enacted by the general assembly of Virginia, That
the council of the town of Clarksville, in the county of Mecklen-
burg, is hereby authorized, at any time after this act becomes a
law, to order a special election, at which all voters of said town
qualified to vote in such an election under the laws of the State
of Virginia, may vote upon the question whether or not they
favor or oppose the issuance of not more than ten thousand dol-
lars of electric light bonds, said bonds to bear such rate of in-
terest as the council of said town may determine, not to exceed
six per centum per annum, and to be of such denominations, of
such forms, and to mature at such time as the council may de-
termine, not to exceed thirty years after date. .

If a majority of those voting in said special election shall
vote in favor of the issuance of said bonds, the said council of
the town of Clarksville may, by proper resolutions or ordinances,
direct that such bonds be issued and executed by the mayor and
treasurer of said town, for and in behalf of said town of Clarks-
ville; provided, the said bonds so issued will not exceed the
aggregate sum of ten thousand dollars.

The proceeds from said bonds to be wholly expended for
the installation, establishment and maintenance of an electric
lighting plant in the town of Clarksville, Virginia.

3. When said plant has been installed and is in operation,
the said town of Clarksville, Virginia, shall have the right to
furnish the citizens with electric light, and to charge therefor
Sues rate or rates as the council may from time to time fix and

etermine. |