CHAP. 37.—An ACT to authorize the town of Cape Charles, in Northamp-
ton county, to issue bonds and borrow money thereon for the purpose
of erecting, equipping and operating a plant for the manufacture, dis-
tribution and sale of electricity.

Approved February 14, 1912.

1. Be it enacted by the general assembly of Virginia, That
for the purpose of erecting, equipping and operating a plant for
the manufacture, distribution and sale of electricity for the
supply of illumination and power within and for the town of
Cape Charles, in Northampton county, or two and one-half miles
of the said town, the council of the said town is hereby authorized
and empowered to borrow a sum of money not exceeding ten
thousand ($10,000.00) dollars, or so much thereof as may not
exceed its constitutional limit of bond issues, and to issue coupon
bonds therefor, signed by the mayor and attested by the clerk,
payable not exceeding twenty (20) years from the date thereof,
redeemable at the pleasure of the council five (5) years there-
after, and interest bearing at a rate not exceeding six per centum
(6%) per annum, payable semi-annually wheresoever therein
designated: provided, however, that such bonds shall not be sold
for less than their nominal or par value.
2. An emergency existing by reason of the necessity of the
said improvement, this act shall be in force from its passage.