Chap. 106.—An ACT to validate, ratify, approve and confirm certain bonds
issued by the town of St. Paul, in Wise county, the ordinances and acts
of the town council relative to said bonds, and the election held in the said
town on June 14, 1921, submitting the question of the bond issue to the
qualified voters thereof. (H B 295]

Approved February 28, 1922..

Whereas, on the third day of May, one thousand nine hundred
and twenty-one, the town council of the town of Saint Paul, in
Wise county, pursuant to law adopted an ordinance reciting the
expediency of borrowing sixty-five thousand dollars ($65,000) and
issuing bonds for the same, the money to be used in providing the
town with a complete water system and adequate supply of water:
that in pursuance of said ordinance, the judge of the circuit court
of Wise county, in vacation, ordered an election to be held in the
said town on the fourteenth day of June, nineteen hundred and twenty-
one, at which time there was submitted to the qualified voters there-
of the question of the said bond issue and at which said election the
bond issue carried by a large majority; that on September first,
one thousand nine hundred and twenty-one, the town of Saint Paul,
pursuant to its ordinances, the orders of the circuit court of Wise
county, and the general law, issued its one hundred and thirty coupon
bonds, payable twenty years after date, for the sum of five hundred
dollars ($500) each with interest from date at the rate of six per
centum per annum, payable semi-annually ; and,

Whereas, some question has arisen as to the validity of the said
ordinances and bonds; now therefore,

1. Be it enacted by the general assembly of Virginia, That the
said ordinances of the town of Saint Paul, relative to said bond issue
and the issuance of said bonds, all of the acts of the said council in
connection therewith, the acts of the election officers and the election
held in said town on June fourteenth, one thousand nine hundred
and twenty-one, be and the same are hereby validated, approved,
ratified and confirmed; and that the sixty-five thousand dollars ($65,-
000) of bonds as authorized and provided for in said ordinances,
and authorized by said election, be and the same are hereby validated,
ratified, approved and confirmed, and the said bonds so authorized
and issued are hereby made and declared to be valid and binding
obligations of the said town of Saint Paul.

2. It appearing that the town of Saint Paul is in urgent need of
money to be derived from the sale of the said bonds to complete its
water system, an emergency is declared to exist and this act shall be
in force from its passage.