Chap. 106.——An ACT to authorize the city of Newport News to borrow eighty
thousand dollars and to issue bonds therefor to be used by said city in making
public improvements in territory annexed to the city of Newport News, under
provisions of section 2958 of the Code of Virginia, as amended by act of
assembly of Virginia, 1924, chapter 441. [S B 76]

Approved March 6, 1928

1. Be it enacted by the general assembly of Virginia, That in
addition to any other indebtedness of the city of Newport News
and the certificates of debt or bonds which the said city has, from
time to time, issued the council of said city may, by four-fifths
vote thereof, in the name of and for the use of said city, cause to
be issued bonds or certificates of indebtedness (the form of which
shall be prescribed by the council) to the amount of eighty thou-
sand dollars, bearing interest at a rate not to exceed six per centum
per annum, and payable in the discretion of the council in not
more than twenty years, which said bonds may be either sinking
fund or serial bonds, as the council may determine. The proceeds
derived from the sale of said bonds to be set aside and used by the
city for the purpose of making public improvements, under the
provisions of section twenty-nine hundred and fifty-eight of the
Code of Virginia, as amended by the acts of the assembly, nine-
teen hundred and twenty-four, chapter four hundred and forty-
one, im territory annexed to the said city from the county of
Elizabeth City under order of the circuit court of said county,
entered on the thirtieth day of April, nineteen hundred and
twenty-six, in lieu of all revenues derived by said city from taxa-
tion in said annexed territory during the part of the five years,
provided by law, remaining from the date the said order of court
went into effect. There shall annually be assessed, levied and col-
lected upon all taxable property of the city of Newport News,
subject to city taxation, a tax sufficient to provide for the pay-
ment ot the principal and interest of said bonds.

2. In that the order of court aforesaid prescribes a limit of two
years within which the said city is to proceed to provide an ade-
quate sewer system in the annexed territory, an emergency ts
hereby declared to exist and accordingly this act shall be in force
and effect from its passage.