Chap. 406.—An ACT to authorize the board of supervisors of Botetourt county to
borrow $9,000 for the purpose of building a bridge across James river in that
county.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of the county of Botetourt be, and hereby is, authorized
and empowered to borrow a sum of money not exceeding nine thousand
dollars for and in the name of the said county, to be expended in the
erection and construction of a bridge across James river at Glen Wilton,
in said county, and to issue bonds of said county for the loan thereof;
and they may appoint an agent or agents to negotiate the loan of the said
sum of money. Said bonds may be either registered or with coupons at-
tached, as said board of supervisors may prescribe; shall be signed by the
chairman of the said board of supervisors, and countersigned by the clerk
thereof; shall be in denominations of one hundred dollars, or some mul-
tiple thereof; shall bear interest at a rate not exceeding five per centum
per annum, payable annually at the office of the treasurer of said county,
and shall be payable not exceeding twenty years from the date thereof at
said office, but may, in the discretion of said board, be redeemable at such
time or after such period as the said board may prescribe; but no bonds
issued under this act shall be sold or negotiated at less than par.

2. At the time at which the said board of supervisors makes its levy
for the said county it shall levy on all the property in said county liable
to State tax and county levy, such tax to pay the interest on the bonds of
the county so issued, and to create a sinking fund to redeem the principal
thereof, as said board of supervisors may deem necessary or proper, but
such levy for a year shall not excced the interest on the whole debt and
one-tenth of the principal thereof.

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