Chap. 79.—An ACT to authorize the city of Portsmouth to issue bonds to
establish water works to furnish a supply of water, and to create a board
of commissioners to establish such system of water works.

Approved March 2, 1910.

1. Be it enacted by the gencral assembly of Virginia, That the
council of the city of Portsmouth be, and it is hereby, authorized, in
accordance with section one hundred and twenty-seven b (127b) of the
Constitution of Virginia, in order to establish a system of water works
to furnish a supply of water for the said city, to issue registered or coupon
bonds, to be known as “water bonds,” in such denominations and at
such a rate of interest as may be determined by said council: provided,
however, that the whole amount of bonds issued under this bill shall
not exceed six hundred thousand dollars ($600,000.00).

The said bonds shall be made payable not less than thirty (30) or
more than forty (40) years after their date, and be issued in the nme
of the city of Portsmouth, and signed by the president of each branch
of the counci] and by the city treasurer at the time the said bonds are
issued, with the seal of the city thereto affixed, attested by the city
clerk. The said bonds shall be subject to no taxation whatever by the
city of Portsmouth, and may be disposed of in such manner as the said
city council may deem expedient: provided, however, that the same
shal] not be disposed of for less than their par value.

The proceeds of the sale of the aforesaid bonds, or any of thean, to
be applied by the commissioners hereinafter designated, or their suc-
cessors. to establish a system of water works to “furnish a supply of
water for the city of Portsmouth.

A board of water commissioners is hereby created, which shall consist
of seven (7) freeholders of the city of Portsmouth.

The following shall be the first board of water commissioners: JTenry
Kirn, Thomas J. Barlow, Samuel P. Oast, Elder L. Lash, William C.
Maupin, junior, Edward S. Mahoney and William G. Parker.

It shall be the duty of the said board of water commissioners to
apply the proceeds arising from the sale of any and all of the bonds
hereby authorized to be issued and sold to establish such aforesaid system
of water works. Any vacancy on the said hoard of water commissioners
shall be filled by the council of the city of Portsmouth upon the recem-
mendation of the said board of water commissioners.

For the purpose of carrving into effect the objects of this bill he
sald board of water commissioners may do any and all such other acts
and things as it may deem necessary.

To provide funds for preliminary work, before said bonds are sold,
the city council of Portsmouth shall pay on order of said board of water
108 ACTS OF ASSEMBLY.

commissioners such amounts as in the aggregate may not exceed seventy-
five thousand dollars ($75,000.00).

When the said water works are completed the functions of the
aforesaid board of water commissioners shall cease, and the management
and operation of said water works shall be assumed by the council vi
the city of Portsmouth.