The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-01-09
CHAPTER NO. >.
GENERAL. PROVISIONS,

SECTION l. The City Council NAV. in
tho name of and for the use OF the CITY.
contract loans, or cause to be issued,
certificates OF debts or bonds, provided
no such certificates of debt or bonds
shall be issued, except by a three fourth
vote of the Council. endorsed by ma
lorlty of tho freehold voters voting on
the question; but such loans, certificates
or bonds shall not be irredcemable for a
period greater than thirty-four wears;
provided, further, that said Council
shall not contract said loans or issue
such certificates of debt or bonds for the
purpose of subscribing to the stock of
any company Incorporated for q work of
internal mprovement, or other purpose,
without being first authorized so to do
by three fourths Of tho freehold voters
of the city voting on the ques lion; pro.
vided, further, that in no case shall tho
aggregate debt Of the city at any one
time exceed fifteen per ceLtum OF the
assessed value of the property, real and
personal, within the city limits, and pro-
vided, further, that the said Council
shall not indorsc the bonds of any com
pany whatsoever with the same author
ity. All contracts for the erection of
public improvement within the jurisdic-
ton of the City Council shall be let to the
lowest responsible bidder, and notice
shall be given at least thirty DAYS
before the work is finally let, by
advertisement in one or moro news
papers published in the city, and the
party to whom said contract shall
TO let shall give such bond as the
Council may require, but in no event
shall any contract be let to any member
of the City Council, nor shall any mem
Der have any interest in such contract.
Sec g Whenever. hereafter. there shall
be contracted by the Council. any debt
not payable within one year thereafter,
there shall be set apart annually for
thirty-four years, or until the debt is
paid, q sum not less than one per
centum of the amount of the debt in
addition to the annual interest agreed
to be paid thereon, which sum shall be
applied and invested towards the pay
ment of such debt.
Sec 3. For the exc cution of it's pow
ers and duties, the City Council may
raise taxes annually by assessments in
said city, on all subjects taxable by tho
State, such sums of money as they may
deem necessary to defray the expenses
of the same, and in such manner as
they may deem expedient lin accord
ance with the laws of this State and of
the United States); provided that no tax
upon real and personal property in said
town shall exceed one dollar and
twenty-five cents upon the one hundred
dollars assessed value thereof; and pro-
vided also that no corporation tax shall
be levied upon the machinery, imple-
ments, money and capital of any man
ufacturing establishment ctually in use
for manufacturing purposes within the
said city for twenty years from the
third day of February, eighteen hundred
and Gig hty-two; but this proviso is not
intended to apply to capital employed
in purchasing articles manufactured
outside of the city. and brought here to
be used in manufacturing.
Sec. 4. The City Council may levy
tax on water and gas; on licence to
agents of insurance companies, whose
principal Office is not located in the
city; to auctioneers; to public theatri-
cal or other performances or shows; to
keepers of billiard tables or ten-pin
alleys; to hawkers and peddlers; to
agents for the renting of real estate; to
commission merchants or any other
business, whether license be required
therefor by the State or not.
Sec. s. Any payment OF taxes by the
tenant shall be credit against the per-
son to whom he owes rent.
Sec q. The Council may ogrant or re-
fuse licenses to owners or keepers of
wagons. drays, carts, hacks and other
wheeled carriages, kept or employed in
he city for hire, and may require the
owners or keepers Of wagons, Grays and
carts, using them in the city, to take
out a license therefor, and m, ~ assess
and require taxes TO be paid thereon,
and subject the same to such regula
tons as they may deem proper; and