Chap. 1.—An ACT to authorize the city of Winchester to increase its debt
and to issue bonds.

Approved December 18, 1899.

1. Be it enacted by the general assembly of Virginia, That it shall
he lawful for the common council of the city of Winchester to increase
the debt of said city beyond that now authorized by its charter and
special acts of the general assembly, in a sum not exceeding thirty thou-
sand dollars ($30,000.00), and to cause the bonds of the said city to be
issued therefor, but not exceeding said sum of thirty thousand dollars.
Said bonds shall bear interest at a rate not exceeding five per centum
per annum, payable semi-annually, and the interest shall be represented
hy coupons attached to the bonds. ‘The principal of said bonds shall
hecome payable at such time as the common council may prescribe in the
ordinance or ordinances of said common council, directing the issue of
said bonds.

2. The proceeds of said bonds shall be used in paying the expenses
of the erection and equipment of a municipal building and the improve-
ment of the grounds around the same, and the expenses that have
been, or will be, incurred by the said city in carrying out on its part
the contract between it and the board of supervisors of Irederick county,
as set forth in the deed between the county of Frederick and the city
of Winchester, bearing date the fourteenth day of October, eighteen
hundred and ninety-nine, and recorded in the clerk’s office of the cor-
poration court of said city, and of the county court of said county.
including the sum of nine thousand ($9,000.00) dollars, which said city
paid and agreed to pay as set forth in said deed.

The said city having paid five thousand dollars of said nine thousand
dollars out of its current revenue, it shall be lawful for said common
council to direct that from the proceeds of the bonds herein authorized
to be issued, the sum of five thousand dollars may be used for the current
and ordinary expenses of said city.

3. This act shall be in force from its passage.