Chap. 15.—An ACT to authorize the council of the city of Norfolk to
issue bonds for the purpose of redeeming certain outstanding bonds
of said city.

Approved January 14, 1878.

1. Be it enacted by the general assembly, That the coun-
cils of the city of Norfolk be and they are hereby authorized
to issue and sell either registered or coupon bonds of said
citv, to an amount not exceeding five hundred and forty
thousand dollars, payable at such time, not to exceed thirty
years, and at such arate of interest, not to exceed six per
centum per annum, as the council may deem best: provided
however, that the money arising from the sale of said bonds
shall be used and applied by the said council for the payment
and redemption of the registered or coupon bonds of the city
of Norfolk which fall due in the years eighteen hundred and
seventy-nine, eighteen hundred and eighty, and eighteen
hundred and eighty-one, and for no other purpose what-
ever.

2. This act shall be in force from its passage.