CHAPTER 165

An Act to amend the Code of Virginia by adding a section numbered
21-121.8, and to amend and reenact § 21-122 of the Code of Virginia,
the new and amended sections relating, respectively, to powers of
sanitary districts and issuance of bonds of such districts; and to
validate all bonds heretofore issued by sanitary districts for certain

purposes.
(S 224]

Approved March 4, 1964

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a section numbered
21-121.3, and that § 21-122 of the Code of Virginia be amended and
reenacted, as follows:

§ 21-121.8. Any sanitary district heretofore created under general
law or special act shall have all of the powers specified in this article
notwithstanding any limitations contained in any general law or special
act pursuant to which such sanitary district was created and notwith-
standing any limitations contained in the proceedings taken for the
creation thereof.

§ 21-122. The governing body of any county in which a sanitary
district has been or may hereafter be created by general or special law
shall have power, subject to the conditions and limitations of this article,
to issue bonds of such sanitary district to an amount in the aggregate of
not exceeding eighteen per centum of the assessed value of all real estate
in the district subject to local taxation, for the purpose of raising the
necessary funds to carry into effect any or all of the purposes * specified
wn Article 1 of Chapter 2 of Title 21 of this Code, provided, however, that
such limitation of eighteen per centum shall not apply if the petition
required by § 21-123 states the maximum amount of bonds to be issued,
and * zf such bonds are to be issued for a specific undertaking from which
the sanitary district may derive revenue, but from and after a period
to be determined by the governing body of the county, not exceeding
five years from the date of the election authorized in § 21-123, whenever
and for so long as such undertaking fails to produce sufficient revenue
to pay * the cost of operation and administration (including interest on
bonds issued therefor), and the cost of insurance against loss by injury
to persons or property, and an annual amount to be covered into a sink-
ing fund sufficient to pay, at or before maturity, all bonds issued on
account of such undertaking, all such bonds outstanding shall be included
in determining such limitation.

2. AlJl bonds heretofore issued by any sanitary district for any or all
of the purposes specified in Article 1 of Chapter 2 of Title 21 of the
‘ode of Virginia are hereby declared to be valid and legally binding
bligations of such sanitary district, notwithstanding any limitations
ontained in any general law or special act pursuant to which such sani-
tary district was created and notwithstanding any limitations contained
in the proceedings taken for the creation thereof.
3. An emergency exists and this act is in force from its passage.