CHAP. 139.—An ACT to authorize the issuance of $30,000.00 of bonds by
the city of Newport News for constructing and equipping an armory
and convention hall in the city of Newport News. (H. B. 432.)

Approved March 9, 1916.

1. Be it enacted by the general assembly of Virginia, That
in addition to the present indebtedness of the city of Newport
News, and the certificates of debt or bonds which the council of
sald city is otherwise authorized by law to issue, provided such
issue does not exceed the constitutional limit, the council of the
said city may, by a three-fourths vote of each branch, in the
name and for the use of said city, cause to be issued certificates
of debt or bonds (the form of which shall be prescribed by the
council) to the amount of thirty thousand dollars ($30,000),
bearing a rate of interest not exceeding six per centum per
annum, and payable in the discretion of the council, not less
than thirty nor more than forty years from their date.

2. The money derived from the sale of said bonds shall be
expended in acquiring the necessary real estate, and in building,
constructing and equipping an armory and convention hall in
the citv of Newport News, and a sinking fund shall be created
and maintained for the redemption of said bonds at maturity,
and shall be applied to no other purpose.

3. No such certificates of debt, or bonds shall be issued,
unless and until the same shall have been authorized, and the
procedure followed as set out in an act of the general assembly
of Virginia, known as chapter two hundred and fifty-four, acts
of nineteen hundred and eight, entitled an act providing the
method by which cities and towns in this Commonwealth may
vote upon the issuance of bonds, contemplated by clause b of
section one hundred and twenty-seven of the Constitution, ap-
proved March thirteenth, nineteen hundred and eight.