CHAP. 221.—An ACT to authorize the town of Blacksburg, in Montgomery
county, to issue bonds and to borrow money for the purpose of im-
proving the streets of the town. (H. B. 279.)

Approved March 17, 1916.

1. Be it enacted by the general assembly of Virginia, That
the council of the town of Blacksburg, in Montgomery county,
may, for and in the name of the town, cause to be issued bonds,
the form of which shall be prescribed by the council, not ex-
ceeding the amount of four thousand dollars, said bonds to be
signed by the mayor and attested by the clerk of said town,
bearing interest at a rate not exceeding six per centum per
annum, and payable not exceeding ten years from date, and re-
deemable after one year at the pleasure of the council of said
town; provided, however, that the money arising from the sale
of said bonds shall be used and applied by the said council ex-
clusively to supplement the district road bond issue in macadam-
izing all of Main street, Roanoke street from Main street to
the corporation limit, Turner street from Main street to Pep-
per’s Ferry road and Pepper’s Ferry road from Turner street
to New Town street; and, provided, further, that the amounts
necessary for paying the interest on these bonds and providing
a sinking fund to be used in payment of the principal when
due, may be taken out of the regular town levy, as already pro-
vided for, for laying and collecting same, or a special levy may
be layed to provide for same.