Chap. 92.—An ACT to authorize the city of Newport News to, from time to
time, borrow money not exceeding $200,000 on short-term notes. [H B 136]

Approved March 4, 1918.

1. Be it enacted by the general assembly of Virginia, That in
addition to any other indebtedness of the city of Newport News
and certificates of debt, or bonds, which the council of said city has
issued, the council of said city, by a four-fifths vote thereof, may,
from time to time, borrow an additional sum, or sums of money,
not exceeding in the aggregate, however, under this authority, the
sum of two hundred thousand dollars ($200,000.00), (provided,
however, the said sum shall not be in excess of the amount fixed by
law, which it may borrow), and may, in the name and for the use
of the said city, cause to be issued certificates, or notes, evidencing
said indebtedness, which said certificates or notes, however, shall be
payable in not more than two (2) years from their date, and upon
the payment, or redemption of said certificates of debt, or notes, the
council may again, by a vote of four-fifths thereof, from time to
time, borrow a like sum and issue like certificates, or notes, evidenc-
ing the indebtedness thereof, which shall likewise be payable not
more than two years from their date.