Chap. 53.—An ACT to amend and re-enact section 54 of an act entitled an act
to provide a new charter for the city of Radford, and to repeal all other
acts or parts of acts in conflict therewith, approved March 15, 1910.

(H B 171]
Approved February 25, 1922.

1. Be it enacted by the general assembly of Virginia, That sec-
tion fifty-four of an act entitled an act to provide a new charter for
the city of Radford, and to repeal all other acts or parts of acts in con-
flict therewith, approved March fifteenth, nineteen hundred and ten,
be and it is hereby amended and re-enacted so as to read as follows:

Section 54. For the execution of its powers and duties, the city
council may raise taxes annually by assessment in said city on all
subjects taxable by the State, the taxation of which by cities and
towns is not forbidden by general law, such sums of money as they
shall deem necessary to defray the expenses of same, and in such
‘manner as they shall deem expedient (in accordance with the laws of
the..State and the United States); provided that no tax upon real
and personal property in said city, except taxes for the purpose of
paying the principal or interest of bonds of the city or for the
purpose of providing a sinking fund for the payment of the bonds
of the city, shall exceed one dollar and fifty cents upon the one
hundred dollars assessed value thereof. It shall be the duty of the said
city council to levy annually on all taxable property in said city a
tax sufficient to pay the interest on all bonds of the said city, as such
interest falls due, and also sufficient to pay the principal of said
bonds, as such principal falls due, or to provide a sufficient sinking
fund for the payment of said principal at maturity.

2. An emergency existing, this act shall be in force from and
after its passage.

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