Chap. 217.—An ACT to amend and re-enact sections 3079 and 3081-A of the
Code of Virginia, relating to the issuance of bonds by cities and towns. :
[S B 79]
Approved March 22, 1930

1. Be it enacted by the general assembly of Virginia, That sec-

tions thirty hundred and seventy-nine and thirty hundred and eighty-
one-A of the Code of Virginia be amended and re-enacted so as to
read as follows:

Section 3079. Any city or town of this Commonwealth, for any
one or more of the following purposes, namely: to provide for water
supply, water works, electric lights or other lighting system, wharves,
docks, harbors, etc., and stitable equipment against fire, or for erecting
or improving school buildings, jails, city or town halls, fire houses,
libraries, and other public buildings, incinerators, auditoriums, armories,
airports and equipment and furnishings for same; grading, paving,
repaving, curbing, or otherwise improving any one or more of the
streets or alleys, or widening existing ones, in such city or town; or for
locating, instituting and maintaining sewers and culverts in and along
any of such streets, or avenues, or alleys, or any part thereof, or for
any other permanent public improvement; or for funding or refund-
ing existing indebtedness, may issue bonds; but no city or town shall
issue any bonds or other interest bearing certificates for any purpose or
in any manner to an amount which, including existing indebtedness,
shall at any time exceed eighteen per centum. of the assessed valua-
tion of the real estate in the city or town, subject to taxation as shown
by the last assessment for taxes; but nothing above contained in this
section shall apply to those cities and towns whose charters existing
at the time of the adoption of the present Constitution, authorize a
larger percentage of indebtedness than is authorized by this section.

Section 3081-A. The council of any city or town in this Com-
monwealth which is authorized to acquire, maintain, or establish a sys-
tem of water works, electric lights or other lighting system, or other
specific undertaking from which the city or town may derive a revenue,
shall have power and authority, in accordance with section one hundred
and twenty-seven-b (127-b) of the Constitution of Virginia, to issue
so many bonds as may be necessary to acquire, maintain or establish
such system of water works, electric lights or other lighting system, or
other specific undertaking. The powers conferred by this section are
hereby granted to all cities and towns in this Commonwealth, notwith-
standing any special limitations other than debt limitation contained
in special charters, or amendments thereto, heretofore granted to such
cities or towns, and such powers shall be deemed supplemental to,
cumulative of, and in addition to all other powers heretofore granted by
general law or special act.