CHAPTER 73

An Act to authorize the town of Halifax in Halifax County, to issue
bonds of said town in an amount not exceeding the sum of ten thou-
sand dollars and to provide for the payment thereof. 'S 184]

Approved February 19, 1952

Be it enacted by the General Assembly of Virginia:
1. § 1. The Council of the town of Halifax in Halifax county may,
without an election, issue bonds of the town of Halifax in the aggregate
principal sum of ten thousand dollars, or any part thereof, for the purpose
of building, constructing and providing a municipal building for the
said town. Said bonds shall be numbered consecutively from one upward,
shall be of the denomination of one thousand dollars each, shall bear
date as fixed by the council, shall be payable in series of one thousand
dollars each year beginning one year from the date thereof and shall
bear interest at a rate not exceeding four per centum per annum, payable
semi-annually. Said bonds shall be in coupon form, and shall be subject
to call and redemption in whole or in part on any interest date at par
and accrued interest upon sixty days notice given by publication in a
newspaper published in the county of Halifax, Virginia. If all of the
bonds of said issue are not called for redemption at one time, the par-
ticular bonds to be redeemed on any call date shall be selected by lot.
Such bonds shall be signed by the mayor of the town and attested by the
clerk of the town, and the corporate seal of said town shall be thereunto
affixed ; the coupons to be attached to said bonds shall be authenticated by
the facsimile signatures of said mayor and clerk.

§ 2. Said bonds and coupons shall be substantially in the following

form, to-wit:
UNITED STATES OF AMERICA
Commonwealth of Virginia
Town of Halifax

MUNICIPAL BUILDING BOND
NO......cc0000 $1,000.00
Know All Men By These Presents:
That the town of Halifax, a municipal corporation of the Common-

wealth of Virginia, for value received, acknowledges itself indebted and
promises to pay to the bearer the sum of ONE THOUSAND ($1,000.00)

DOLLARS on the ............ Gay Of .........cccccccessecsceeeceees , 19........ , together with
interest thereon from the date hereof until the payment of said principal
sum, at the rate of ........ % per annum, payable semi-annually, on the
sesvssvecceccece GAYS OF wu...eececsssccccssrceseee ANG vceccsssseeessssereesseeeee Of each year; and

at the maturity of this bond, upon presentation and surrender of the
annexed coupons as they shall severally come due. This bond is subject
to call and redemption at par and accrued interest on any interest date
upon sixty days’ notice by publication in a newspaper published in the
county of Halifax, Virginia. If all of the bonds of the issue of which this
bond is a part are not called for redemption at one time, the particular
bond to be redeemed on any call date will be selected by lot. Both principal
and interest of this bond are payable in lawful currency of the United
States of America at the office of the treasurer of the town of Halifax
at Halifax, Virginia. .

This bond is one of an iSSue Of ...........ccccccesscceeeees bonds of like tenor
and date, except as to maturity, numbered from One tO ...........cescessseceesees ,
inclusive, issued for the purpose of building, constructing and providing
a municipal building for the said town, pursuant to the constitution and
statutes of the Commonwealth of Virginia including an act of the General
Assembly of Virginia approved .................cccccsessssssseees , 1952, and pursuant
to resolutions and proceedings of the council of the town of Halifax duly
had and adopted.

It is hereby certified and recited that all conditions, acts, and things
required by the constitution and statutes of the Commonwealth of Vir-
ginia to exist, to have happened, and to be performed precedent to and
in the issuance of this bond exist, have happened and have been performed,
and that the issue of bonds of which this is one, together with all other
indebtedness of said town is within every debt and other limit prescribed
by the constitution and laws of said Commonwealth, and the faith and
credit of said town are hereby pledged irrevocably to the punctual pay-
ments of the principal and interest of this bond according to its terms.

In witness whereof, the town of Halifax has caused these presents
to be signed by its mayor and attested by its clerk, and its corporate seal
to be hereunto affixed, and the interest coupons thereunto attached to be
signed with the facsimile signatures of said mayor and clerk, and this
bond to be dated the ................ Gay Of u.........cccccccescsseeessecsscescesees , 19.......06

SOCHHSSHSHSHSHSHSHOHSHHSSSHRSSHHSSHHSSESHHSTHEHSHSHHHSSEHHSOSHLOHESHSSHHSEHSSSEEHSHCHHAHHEHSECHESHBHHSEHHeEBESEHSESEAEEED

FORM OF COUPON

Unless this bond has been called for previous redemption and pay-
ment thereof duly provided for, the town of Halifax, Virginia, will pay
to the bearer on the ................000. GAY Of uu......ccccccccsscsssssecccceesccesscncoesees , 19........ ,
: in lawful currency of the United States of
America, at the office of the treasurer of the town of Halifax, at Halifax,
Virginia, being six months’ interest then due on its municipal building
bond NO. .cccccccsssessesccvcecccesccees Gated the ..u.........c.cccsessssscssceccssssevsccecscerenseees day

§ 8. Said bonds shall in any suit or proceeding involving their validity
be conclusively deemed to be fully authorized by this act to have been
issued, sold, executed, and delivered in conformity herewith, and with all
other provisions and statutes applicable thereto and shall be incontestable,
anything herein or in any other statutes to the contrary notwithstanding,
unless such suit, action, or proceeding is begun prior to the delivering of
such bonds.

Until the principal and interest of said bonds shall be fully paid, there
shall be levied and collected annually by tax on all property in the town
of Halifax subject to local taxation under the general laws of the State
of Virginia, a sum sufficient to pay the interest on all of said bonds
outstanding as it becomes due, and a further sum sufficient to retire said
bonds as they shall mature.

§ 4. This act shall be complete authority for the issuance of said
bonds regardless of any general act that may be passed at the same
session of the General Assembly and regardless of any provision in the
charter of said town of Halifax inconsistent or in conflict with this act.
2. An emergency exists and this act is in force from its passage.