CHAPTER 119

AN ACT to amend and reenact § 8 and § 14,as amended, of Chapter 206 of
the Acts of Assembly of 1926, approved March 18, 1926, which pro-
vided a new charter for the town of Grundy, the sections, respectively,
relating to the mayor and council, and to the borrowing of money.
Be it enacted by the General Assembly of Virginia:

1. That § 3 and § 14 as amended, of Chapter 206 of the Acts of Assembly
of 1926, approved March 18, 1926, be amended and reenacted as follows:

§ 3. The council of said town shall consist of a mayor and six *
councilmen, all of whom shall be residents and electors of said town. The
mayor shall, as heretofore, be elected every two years. At the regular
election of the council of said town (which is to be held in June, 1957)
there shall be elected siz councilmen for the town, all of whom shall be
residents of the town, and the three councilmen receiving the highest
number of votes, respectively, shall serve a term of four years, beginning
with September one, nineteen hundred fifty-seven; and the three council-
men receiving the next highest number of votes, respectively, shall serve
for a term of two years. Thereafter three councilmen shall be elected every
two years and each of them shall serve for a term of four years.

§ 14. The town council shall have the power and authority, without
a reference thereof to the vote of the people, to issue certificates of indebt-
edness, revenue bonds or other obligations, of the town, in anticipation
of the collection of the revenue of the town for the then current year, pro-
vided, that such certificates, bonds and other obligations mature within
five years from the date of their issue, and be not past due, and do not
exceed the sum of five thousand dollars; and the said council shall have
the further power and authority, without a reference thereto to the vote
of the people to borrow money and issue the bonds or other interest-
bearing obligations of the town therefor, for * permanent improvements *
for the benefit of said town * and not otherwise, provided that such bonds
or other obligations shall not exceed the aggregate amount authorized by
Section one hundred and twenty-seven of the Constitution of Virginia, and
in no event to exceed the aggregate amount of * fifty thousand dollars,
or to run for a longer period than fifteen years from the date thereof; and
provided, further * that before any money is borrowed for such public
improvements, a public meeting of the citizens must be called by the
mayor, with the approval of the council, to be held at some public place
after advertisement thereof for at least fifteen days by posting notice
thereof at the front door of the Courthouse of Buchanan County, Vir-
ginia, and at not less than ten other public places in the town of Grundy,
Virginia, and also by the insertion of such notice in not less than two
consecutive issues of some weekly newspaper published in Buchanan
County, Virginia, the last insertion to be made not less than five days prior
to the holding of said meeting, at which meeting all electors of the town
shall be given a reasonable opportunity to express their views on the bor-
rowing of said money; that at any one time or at different times within
one year after such public meeting is held the council may proceed to
borrow such money as in its opinion is required for such public improve-
ments, but the total amount borrowed to be limited as hereinbefore set out,
and that in authorizing the borrowing of such money for public improve-
ments the mayor of the town shall have an equal vote with the members
of the council, thus making seven voters on the question of such borrowing,
and no money shall be borrowed for permanent improvements unless by
the recorded vote of at least six of such seven.

The provisions of this section shall not be construed to change or
otherwise interfere with the provisions of general law permitting the
borrowing of money by towns, regardless of the amount thereof, by the
vote of the electors.

2. An emergency exists and this act is in force from its passage.