Chap. 148.—An ACT to authorize the city of Newport News to issue bonds to
the maximum amount of $150,000.00 to be used for the construction of a
sanitary sewer or the erection of a sewage disposal plant near Salters creek,
and to authorize a tax sufficient to pay the interest thereon and create a sink-
ing fund for their redemption. [H B 151]

Approved March 20, 1930

1. Be it enacted by the general assembly of Virginia, That in addi-
tion to any other indebtedness of the city of Newport News and the
certificates or bonds which the city has heretofore issued, the council
of said city may, by four-fifths vote thereof, from time to time, borrow
sums of money not exceeding a total of one hundred and fifty thousand
dollars and to issue bonds or certificates of indebtedness therefor: said
bonds or certificates of indebtedness to be issued in such form and
denominations and to be payable at such time or times, not exceeding
twenty years from the date thereof, as the said council may provide;
they shall bear interest at not exceeding six per centum per annum and
shall not be sold for less than par, and shall be signed by the mayor and
countersigned by the city clerk.

Z. The proceeds from said bonds shall be used for the construc-
tion of a sanitary sewer to Hampton Roads, across lands located beyond
the city limits for the prevention of pollution in Salters creek and its
adjoining territory, or in the discretion of the council for the acquisition
of land inside or outside the city limits and the erection and construction
thereon of a sewage disposal plant, for the protection of said creek and
territory; and for the acquisition of the necessary lands for either of
said purposes, the said city is hereby given the right to exercise the
power of eminent domain for the condemnation thereof, in accordance
with the forms prescribed by law for condemnation.

3. While the said bonds or any part of them remain outstanding,
the council of said city shall annually levy a tax upon all real estate and
personal property, subject to local taxation in said city, sufficient to
pay the interest on said bonds and the principal as it matures on serial
bonds so issued, and to create a sinking fund for the payment of the
principal on any sinking fund bonds that may be issued hereunder.