An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
Chap. 205.—An ACT to amend and re-enact Section 8 of an act entitled ‘‘An act
creating a sanitary district in Henrico County, Virginia, to provide for the
construction, acquisition, maintenance and operation by said district of water
supply, sewerage, light and power and gas systems by such district; to provide
for the issuance of county bonds on behalf of such district for said purposes,
and to provide funds for establishing and operating such public utilities there-
in.”, approved April 11, 1927, so as to authorize the board of supervisors to
invest certain net revenue in bonds of districts and sanitary districts of counties.
[H B 358]
Approved March 13, 1940 |
1. Be it enacted by the General Assembly of Virginia, That
section eight of an act entitled ‘‘An act creating a sanitary district in
Henrico County, Virginia, to provide for the construction, acquisi-
tion, maintenance and operation by said district of water supply,
sewerage, light and power and gas systems by such district. To
provide for the issuance of county bonds on behalf of such district
for said purposes, and to provide funds for establishing and operating
such public utilities therein.’’, approved April eleventh, nineteen
hundred and twenty-seven, be amended and re-enacted so as to read
as follows:
Section 8. The net revenue derived from the operation of the
public utilities established by said district, shall be set apart by the
said board to pay the interest on the bonds issued hereunder and to
create a sinking fund to redeem the principal thereof at maturity.
The board of supervisors is hereby authorized and empowered to
apply any part or all of said sinking fund in redemption of said bonds,
if redeemable by their terms, or to the purchase of any of said bonds
at any time, and all bonds so redeemed or purchased by said board
shall be immediately cancelled and shall not be reissued, and the
board of supervisors is authorized and empowered to invest all accu-
mulations of money to the credit of said sinking fund in bonds of
the United States, of the State of Virginia or of any county, city or
town of said State, or of any district or sanitary district of any county
in the State.
The board of supervisors shall, if necessary for the payment of
the interest on said bonds or to increase the sinking fund provided
for hereunder, levy an annual tax upon all the property in said dis-
trict subject to local taxation to pay such interest and to make pay-
ments into said sinking fund.
2. An emergency existing, this act shall be in force from its
passage.