Chap. 30.—An ACT to empower the town of Suffolk to borrow money and
issue bonds to complete sewerage.

Approved February 2, 1901.

1. Be it enacted by the general assembly of Virginia, That the coun-
cil of Suffolk be, and they hereby are, authorized to borrow for said town,
in addition to the amount now authorized by law, for said town, for the
purpose of constructing and installing a system of sewerage, a sum of
money not exceeding fifteen thousand dollars, by the issue and sale of
bonds of the said corporation.

2. The said bonds shall be registered or coupon, shall be issued in such
denominations as the said council shall prescribe, and shall bear interest
at a rate not to exceed six per centum per annum, payable semi-annually.
The principal of said bonds shall be payable thirty years after their dates
The said bonds shall be signed by the president of the council, attested
by the clerk of the council of said town, with the corporate seal attached,
and shall be sold and negotiated in such a manner and upon such terms
as the council shall prescribe: provided, that said bonds shall not be sold
at less than their par value.

3. The council shall have power to make annual appropriations out of
the revenue of the corporation to pay such interest and to provide a sink-
ing fund for the redemption of said bonds.

7 “i acts or parts of acts inconsistent with this act are hereby re-
pealed.

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