Chap. 122.—An ACT to provide for the repair, construction, and permanent im-
provement of the public roads and bridges of Newport magisterial district, in
he county of Warwick; to authorize the board of supervisors of said county to
borrow money therefor by the issue of bonds, and to create a commission to have
charge of the proceeds of the sale thereof; and to submit the question of issuing
bonds to the freehold voters of said magisterial district.

Approved March 31, 1903.

1. Be it enacted by the general assembly of Virginia, That the board
0” supervisors of the county of Warwick be, and they are hereby, author-
ized to borrow the sum of thirty-five thousand dollars for and on behalf
of Newport magisterial district, in the said county, to be expended in the
repair, construction, and permanent improvement of the public roads and
Lridges of said magisterial district. The said board of supervisors shal]
issue bonds for the purpose hereinbefore stated, for the sum of thirty-five
thousand dollars, either in registered or coupon bonds, of the denomina-
tion of five hundred dollars each, patable forty years from their date.
bearing interest, payable semi-annually, at a rate not exceeding five per
centum per annum.

2. The form of said bonds shall be determined by the said board of
supervisors ; and said bonds shall be exempt from all taxation by the said
county.

3. The said board of supervisors shal] make sale of said bonds, but no
bond shall be sold for less than the par value thereof; and the proceeds
of such sale shall immediately be turned over to the commission to be
appointed as hereinafter set forth.

4. Thesaid board of supervisors, at the time it makes its levy each year
for county purposes, shall make a levy on all real estate and personal
property in Newport magisterial district for the purpose of providing for
the interest on said bonds, and after twenty years from the date of said
Londs to create a sinking fund to pay the principal of such bonds at
maturity; and they shall repeat such levy from year to year until the
principal and interest on said bonds shall have been fully paid; but such
annual levy shall not exceed the interest on said issue of bonds until after
the expiration of twenty years from their date.

5. The circuit court of said county, or the judge thereof in vacation,
ic hereby empowered to appoint and qualify a commission of three free-
holders of said magisterial district, whose duty it shall be to expend the
proceeds arising from the sale of said bonds upon the public roads and
bridges in said Newport magisterial district as in their judgment they
may deem best for the interest of said magisterial district. The com-
pensation of the commissioners shall be fixed by the said board of super-
visors.

All vacancies occurring on the commission shall be filled and qualified
by said circuit court, or the judge thereof in vacation.

6. Provided, that the said commissioners appointed hereunder shall not
receive or expend any of the proceeds received from the sale of said: bonds
until they have each first executed a bond in the sum of twenty-five thou-
sand dollars, with a bonding company approved by said court, or the judge
thereof, as surety thereon, conditioned to faithfully discharge their duties
under this act and honestly disburse said fund in accordance therewith.

7 Provided further, that the said board of supervisors shall not issue
any bonds provided in this act until it has ordered a special election for
{ke purpose and submitted the question of issuing said bonds to the free-
hold voters of Newport magisterial district, in the county of Warwick,
and a majority of those voting shall have voted for such issue. The
circuit court of said county, or the judge thereof in vacation, whenever
it shall appear to the said court or judge from the proceedings of said
board of supervisors that it has ordered such an election, shall fix the
time of holding said election, and shall prescribe the style of ballot and the
method of conducting the said election and certifying the returns, all of
which shall be spread upon the law order book of said court, and shall
conform as nearly as may be to the provisions of the general election law
and the provisions of scction twelve hundred and forty-four of the Code
of Virginia: provided, however, that the court shall fix the time for
holding such election so that the same shall be within sixty days from the
time this act is approved by the governor; and provided further, that the
board of supervisors shall cause notice of the time of holding such election
to be published at least four times in a newspaper published in the city
of Newport News, and shall have printed notices thereof posted at each
voting place in said district at least two weeks before such election.

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