Chap. 17.—An ACT authorizing the board of supervisors of Albemarle
county to borrow money.

Approved January 14, 1882.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Albemarle county be and they
are hereby authorized and empowered, at any meeting at
which a majority of said board shall be present, to issue
bonds in the name of the county of Albemarle for a sum not
exceeding six thousand dollars in the aggregate; the said
bonds to be negotiated at not less than par; and with the
proceeds of said bonds, when negotiated, to redeem and pay
of the bonds of said county now outstanding and falling due
July first, eighteen hundred and eighty-two; and for this
purpose only shall said bonds be issued. The bonds issued in
pursuance of this act shall be for five hundred dollars each,
and made payable in three instalments of two thousand
dollars, payable in four, five and six years from date of issue.
All of said bonds shall bear interest, payable annually, at a
rate not exceeding six per centum per annum, and shall be
signed by the said board of supervisors, be attested by the
clerk of the county court of Albemarle, and have the seal of
said county affixed thereto. That the debts contracted and
evidenced by said bonds shall be levied for by the said board
of Supervisors upon such subjects of taxation as now are or
may be liable by law for the county levy, and that the faith
of said county is pledged for the punctual payment of said
bonds, principal and interest, as the same shall fall due.

2. This act shall be in force from its passage.
Chap. 17.—An ACT authorizing the board of supervisors of Albemarle
county to borrow money.

Approved January 14, 1882.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Albemarle county be and they
are hereby authorized and empowered, at any meeting at
which a majority of said board shall be present, to issue
bonds in the name of the county of Albemarle for a sum not
exceeding six thousand dollars in the aggregate; the said
bonds to be negotiated at not less than par; and with the
proceeds of said bonds, when negotiated, to redeem and pay
of the bonds of said county now outstanding and falling due
July first, eighteen hundred and eighty-two; and for this
purpose only shall said bonds be issued. The bonds issued in
pursuance of this act shall be for five hundred dollars each,
and made payable in three instalments of two thousand
dollars, payable in four, five and six years from date of issue.
All of said bonds shall bear interest, payable annually, at a
rate not exceeding six per centum per annum, and shall be
signed by the said board of supervisors, be attested by the
clerk of the county court of Albemarle, and have the seal of
said county affixed thereto. That the debts contracted and
evidenced by said bonds shall be levied for by the said board
of Supervisors upon such subjects of taxation as now are or
may be liable by law for the county levy, and that the faith
of said county is pledged for the punctual payment of said
bonds, principal and interest, as the same shall fall due.

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