Daily press. [volume] (Newport News, Va.) 1896-current, 1908-03-03
OPENS WIDE DOOR 70
MUNICIPAL OWNERSHIP.
Jennings Bill Would Authorize All.
Giles and Towns 10 Issue
Public UlIINy Bonds.
ENTHUSIASTICALLY INTERESTED
psieaation From Hin city win be on
Hand Today to Urge Favorable Ac.
tien on Measure, and Newport News
Parties Arc Said to be Inter.
7. Gated.

SIS EDiSCuSSiOn OF the jennings bill In
ihe House yesterday, cleared up the
mystery of the rumors to the effect
thnt an attempt would he made to
railroad through the Legislature bill
authorizing this city TO issue bonds
Tor St.0DO,o00 for public utilities. The
jennings bill, II passed, will open wide
me door to municipal ownership ana
give every city and town In the com
Z monwenlth power to issue bonds for
public utilities, without special per
ihis Sion from the Legislature.
This bill was favorably reported by
INC COMMITTEES on cities and towns.
nut when It came up In the House
yesterday II wax recommitte Lynch
prrg wants tho bill adopted, and, ac-
5 cordlng to the Richmond correspond
INT OF this paper, there will be dele
saiion from Newport News on hand
to-day. when the committee will con-
sidcr tho measure again. Those
who were responsible for the million
uoliar bond Issue proposition possibly
VIII send representatives to urge fav-
orable action on the bill.
Mr. j. Winston Road. chairman of
the finance committee of tho council
3 said last night that he heard some
iu2hn,ond n few days ago. but TINT he
z understood that there was no chance
OF IL being passed.
FOLLOWING Is n copy of the bill.
House BIZ No. 395
~ IA BILL
To authorize cities and towns N
this Commonwealth 10 borrow
MONEY and To issue bonds therefor
+ slpon Who faith, credit and property
OF such cities, for the purpose oil
constructing, purchasing. acquiring
or otherwise controlling u work or
works, plant or plants, system or
systems OF a public utility charac-
ter; and to repeal any and all acts
& or parts of acts in, conflict here
w Witt
"Patron-Mr, Jennings.
Reported from Committee on
Counties, Cities and Towns
II, BE II enacted by the General
Assembly OF Virginia, That any city
or town In this commonwealth now
or hereafter existing may borrow
: money and issue bonds therefor. upon
the faith, credit and property of such
city or town, for the purpose OF con-
otherwise controlling work or
works, plant or plants. system or sys-
tens of public utility character,
wholly within or partly within and
partly without the corporate limits OF
such city or town. subject to the limi-
tations and provisions of the consti.
tuition.
The maximum amount of bonds,
that may be issued by city or town
under this act shall he that lixel by
tho provisions of section one hundred
and twenty-seven u27) OF the Con-
s,itution.
- When il is proposed by any
city or town 10 borrow money and
Issue bonds therefor for the purpose
or purposes herein set out. 1t shall be
the duty OF tho city or town council
or tho hoard of cor rol OF such CITY
or town II there be one to adopt II
resolution reciting the cxpedicncy OF
= the borrowing of money and tho is :
stance OF bonds therefor to spccI-
lieu amount, by the city or town. for
inc purpose or purposes contemplated
Dy ibis act. which resolution, il pass
cd by city or town council. shall he
ipon the recorded affirmative vote
cioctc1 ~ ' ~, oa an o' INC members
branch thereof where there are two:
anu II such resolution be vetoed nv
TIC mayor of such city or town. il
may be adopted. notwithstanding such
veto. In the manner prescribed by
section one hundred and twenty three
fft23) of tho constitution A,to,. ~