Chap. 142.—An ACT to authorize the board of supervisors of Norfolk county to
issue bonds for the recerspuon of cerry bonds issued under an act of the
general assembly approved May 23, 1

Approved January 23, 1896.

1. Be it enacted by the general assembly of Virginia, That it shall
be lawful for the board or 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 years from the
firat day of July, eighteen hundred and ninety-seven, for an amount
not exceeding twenty-five thousand dollars, the said bonds to be
used for the purpose of the redemption of Norfolk county’s portion
of the “ferry bonds” issued under an act of the general assembly
approved May twenty-third, eighteen hundred and eighty-seven, and
for no other purpose; money may be raised on said bonds by hy-
pothecation 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 whatever 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 by 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 eighteen hundred and ninety-seven, by setting aside each year
the sum of two thousand five hundred dollars from the rental of the
said 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 county ferries, or any
part thereof.

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