Chap. 367.—An ACT to authorize the council of the town of Cape Charles, in
Northampton county, to issue bonds, and borrow money thereon, for the pur-
pose of increasing the water supply and sewerage system of the said town, and
retiring, in whole or part, its existing bonded indebtedness for money borrowed
with which to install its present system.

Approved March 14, 1908.

1. Be it enacted by the general assembly of Virginia, That for the pur-
pose of increasing its present water supply and sewerage system, and
retiring, in whole or part, its existing bonded indebtedness for money with
which the same was installed, the council of the town of Cape Charles,
in Northampton county, is hereby authorized and empowered to borrow
the sum of twenty thousand dollars, or so much thereof as may not
exceed the constitutional limit, and to issue coupon bonds therefor,
signed by the mayor, and attested by the clerk, payable not exceeding
twenty years from the date thereof, redeemable at the pleasure of the
council five years thereafter, and bearing interest after the rate of not
exceeding six per centum per annum, payable semi-annually where-
soever therein designated: provided, that such bonds shall not be sold
for less than their nominal or par value.

2. An emergency existing, by reason of the necessity for the said im-
provement, and of the retirement of the said existing bonded indebted-
ness, wholly or in part, this act shall be in force from its passage.