Chap. 405.—An ACT to authorize the councils of the city of Norfolk to Issue
bonds for the erection, repair or rebuilding of a bridge over Smith’s creek.

Approved February 19, 1898.

1. Be it enacted by the general assembly of Virginia, That in addi-
tion to the powers now possessed by the councils of the city of Norfolk
the said councils be, and they are hereby, empowered, upon the recom-
mendation of the local board of improvement of Atlantic City ward of
sald city, to issue and sell coupon bonds to an amount not exceeding
sixty-five thousand dollars of principal, predicated upon the assessed
valuation of real and personal property in said Atlantic City ward, pay-
able at such time, not to exceed thirty years, and at such rate of inter-
est, not to exceed five per centum per annum, as the councils may deem
best; the proceeds of the sale of the said bonds to be used for the pur-
pose of erecting a free bridge over Smith’s creek between York and
Front streets, in said city, in lieu of the present bridge, or for the pur-
pose of rebuilding or repairing the present bridge.

2. That any agreement made between the councils of the said city of
Norfolk and the said local board of improvement as to the proportions
of the interest on said bonds to be paid by the city of Norfolk and
Atlantic City ward, respectively, shall be legal.

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