Chap. 142.—An ACT to authorize the board of supervisors of Norfolk county
to issue bonds for the purpose of purchasing additional real estate for the
use of the Norfolk county ferries and for enlarging the clerk’s office.

Approved January 24, 1900.

1. Be it enacted by the general assembly of Virginia, That it shall
be Jawful for the board of supervisors of Norfolk county to issue, in
behalf of Norfolk county, coupon bonds, in series, not less than one
hundred dollars, bearing interest at the rate of five per centum per
annum, payable semi-annually, and redeemable ten vears from the first
day of March, nineteen hundred, for an amount not exceeding twentvy-
five thousand dollars, the said bonds to be used for the purposes of pur-
chasing additional real estate for the use of the Norfolk county ferries
and for enlarging the clerk’s office, and for no other purpose. Monev
may be raised on said bonds by hvpothecation or otherwise; but whenever
said bonds shall be sold, the price realized thereon must be not less than
the par value thereof. The said bonds shall not be subject to any tax
by the county of Norfolk.

2. The said bonds issued under authority of this act shall be signed
by the chairman of the board of supervisors of Norfolk county and by
the treasurer of said county, attested bv the clerk of the said board of
supervisors, with the seal of said board affixed thereto.

3. The said board of supervisors shall provide a sinking fund for the
redemption of bonds issued under this act, beginning with the year
nineteen hundred, by setting aside each vear the sum of two thousand
five hundred dollars from the rental of the county’s interest in the
Norfolk county ferries; and to further secure the payment of said bonds
and interest coupons attached thereto, the said board of supervisors
are hereby authorized to pledge, by deed of trust or otherwise, the said
county’s interest in the real and personal property of said Norfolk
count ferries or any part thereof.

. This act shall be in force from its passage.