Chap. 53.—An ACT to provide for the issue of bonds for the payment of the
balance of the contract price for paving Washington avenue and Twenty-fifth
street, Newport News.

Approved January 27, 1903.

1. Be it enacted by the general assembly of Virginia, That in addition
to the present indebtedness of the city of Newport News and the certifi-
cates of debt or bonds which the council of the said city is otherwise au-
thorized by law to issue, the common council of the said city may, in the
hame and for the use of the said city, cause to be issued certificates of
debt or bonds (the form of which shall be prescribed by the council), in
the amount of fifty-six thousand dollars, payable in United States cur-
rency, bearing a rate of interest not exceeding six per centum per annum,
and payable, in the discretion of the council, in not less than twenty nor
more than forty years from their date: provided, however, that the money
arising from the sale of said bonds shall be used and applied by said city
to the payment of any indebtedness it may have incurred and remaining
unpaid, in the paving heretofore done on Washington avenue and Twenty-
fifth street in said city.
2. This act shall be in force from its passage.