The inhabitants of the territory comprised within the present limits of the Town of Hillsville, as such limitations are now or may hereafter be altered and established by law, shall constitute a body politic and corporate to be known and designated as the "Town of Hillsville," and such shall have perpetual succession, may sue and be sued, implead and be impleaded, contract and be contracted with and may have a corporate Seal, which it may alter, renew or amend at its pleasure by proper ordinance.
The territory embraced within the Town of Hillsville is that territory in Carroll County, Virginia, as set forth in Book 38, Page 266 et seq., in the Clerk's office for the Circuit Court of Carroll County, Virginia.