An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1901/1902 |
---|---|
Law Number | 520 |
Subjects |
Law Body
Chap. 520.—An ACT to authorize the councils of the city of Norfolk to issue
$200,000 of bonds to lay a water main.
Approved April 2, 1902.
Whereas, the councils of the city of Norfolk desire to lay a new water
main from the city to the pump-house of the water works and certain
other water mains; and,
Whereas, an issue of bonds for such purpose would reach or diminish
the limit allowed by the charter for its bonded indebtedness ; and,
Whereas, the water department is more than self-sustaining, and can,
within a comparatively reasonable time, meet and retire said bonds; and.
Whereas, it is deemed advisable that power be given for the issuing of
said bonds without decreasing the bonding capacity of said city: there-
fore,
1. Be it enacted by the general assembly of Virginia, That the coun-
cils of the city of Norfolk are hereby authorized and empowered to issue
at any time after the passage of this act bonds in the name of said city,
not exceeding the sum of two hundred thousand dollars. The bonds
shall be payable at such time, not to exceed thirty years from their
dates, and shall bear such rate of interest as may be determined on by
said councils. The proceeds from the sale of said bonds shall be used
for the purpose of laying a new water main from the city of Norfolk to
the pump-house of the water works of said city and for such other water
mains within the city of Norfolk as may be required, and acquiring the
real estate necessary therefor. An account of the bonds issued under
this act shall be kept by the board of sinking fund commissioners, and
also by the city treasurer. The bonds issued under this act shall not be
considered or counted as part of the indebtedness of the city in determin-
ing the limit to which the city may issue its bonds or create indebtedness.
The said bonds shall not be subject to any taxation by the city of Nor-
folk.
2. All acts or parts of acts in conflict with this act are hereby repealed.
3. This act shall be in force from its passage.