Chap. 333.—An ACT providing for the establishment of a sinking fund for the
city of Portsmouth.

Approved March 28, 1902.

1. Be it enacted by the general assembly of Virginia, That from and
after the passage of this act a portion of the revenue derived by the city
of Portsmouth from the lease of the Norfolk county ferries, amounting
to the sum of eight hundred and sixty-six dollars per annum, so long as
the said city receives so much revenue from the said lease, be set aside
monthly by the treasurer of the said city from the revenue derived as
aforesaid, which said sums shall constitute a sinking fund for the pay-
ment of the floating debt of the city to the extent of not more than forty
thousand dollars, should so much be necessary, and for the redemption
of the bonds of the city; and further, that in addition to the aforesaid
amount the sum of two hundred dollars per month, which is now being
used or set aside for the completion of the Fourth ward drain, be, after
the completion of said drain, also set aside monthly by the said treasurer
and made a part of the sinking fund aforesaid.

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