Chap. 131.—An ACT to authorize the supervisors of Warren county to borrow
$12,000, to be used in the building of a bridge and approaches thereto over the
south branch of the Shenandoah river at or near Carson’s ford, in said county.

Approved April 4, 1903.

1. Be it enacted by the gencral assembly of Virginia, That the board
of supervisors of Warren county be, and it is hereby, empowered to borrow
upon the credit and faith of the county of Warren, and to appropriate
towards the erection of a bridge and approaches thereto over the south
branch of the Shenandoah river, at or near Carson’s ford, in said county,
such sum or sums of money as said board may think proper: provided,
said sum so borrowed and appropriated does not exceed the sum of twelve
thousand dollars.

2. The said board of supervisors may issue the registered bonds of said
county, in sums of one thousand dollars each, or any multiple thereof,
payable in thirty years from their date, or upon call of the said board of
supervisors at any time after twenty years from their date, bearing interest
at not exceeding five per centum per annum, the interest to be paid on
the first day of July and the first day of January of each year. The said
bonds shall be signed by the chairman of the board of supervisors, be
countersigned by the county clerk, and have the seal of the county
attached.

3. The said bonds, when so issued, may be delivered for negotiation to
such agent or agents as said board of supervisors may select; but before
such delivery of said bonds to said agent or agents, he, or they, as the case
may be, shall execute bond, with good security, in such penalty as the said
board of supervisors may think reasonable, conditioned for the faithful
discharge of their trust as such agent or agents.

4. Said bonds shall be negotiated at not less than par, and the proceeds
thereof shall be paid into the hands of the treasurer of Warren county,
to be held, and paid out by him, upon the order of the board of super-
visors ; and the said treasurer, and the sureties on his official bond as such
treasurer, shall be held responsible for said money in the same manner as
for other county funds coming into his hands. For his services in,re-
ceiving and paying out said money the said treasurer shall receive two pel
centum on the amount so received and paid out. The agent, or agents,
if any be appointed under section three of this act, shall receive such
compensation for his or their services herein as may be agreed upon by
them and the board of supervisors of said county, not exceeding two per
centum upon the amount of bonds negotiated.

5. The board of supervisors of said county of Warren shall embrace in
their annual levy a sum sufficient to pay the annual interest on said bonds ;
and shall also provide by levy, from year to year, a sinking fund of not
exceeding ten cents on the one hundred dollars of taxable property within
the said county; which sinking fund shall be securely invested by said
beard of supervisors, in such securities as they may think safe, the same to
be applied to the payment of said bonds at the time when they may be
payable.

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

CuHaP. 132.—An ACT to amend an act approved March 29, 1902, to authorize the
board of supervisors of Smyth county to issue bonds and borrow money for the
building and repairing of the roads in said county, and to direct and to au-
thorize the judge of the county court to order an election to ascertain the sense
of the qualified voters of said county on the question.

Approved April 4, 1903.

1. Be it enacted by the general assembly of Virginia, That the judge
of the county court of Smyth county be, and the same is hereby, directed,
within ninety days after the passage of this act, to order an election
therein to take the sense of the qualified voters of said county upon the
proposition to borrow money and issue bonds or other evidences of debt
therefor, not in excess of seventy-five thousand dollars, for the purpose of
building and improving the public roads in said county. The time of
holding said election to be fixed by said court, which election is to be
held in the usual manner of holding special elections.

2. The form of ballots to be used in such elections shall be prescribed by
the county court.

3. If the majority of votes cast in said election shall be in favor of
issuing said bonds, then they shall be issued in such denominations as the
»0ard of road commissioners hereinafter mentioned shall determine, said
nonds to run not exceeding thirty years, and to be redeemable at the
pleasure of the board after ten years from the date thereof. Said bonds
shall bear interest not exceeding five per centum, and shall not be sold
it less than par value. The said bonds shall be coupon bonds, and the
-oupons shall be receivable for all taxes due said county. The bonds shall
ye sngned by the president of the board and countersigned by the clerk
thereof, and shall be negotiable and sold in the manner to be prescribed
by said board of road commissioners.

4, Said board of supervisors shall set apart éach year a sum sufficient
to mect the interest on said bonds, and to create a sinking fund for the
redemption of the principal of said bonds. The board of supervisors shall
levy and collect such an amount of taxes as may be necessary to comply
with the provisions of this act.

5. The board of road commissioners of Smyth county shall consist of
three supervisors of said county and nine freeholders, three from each
magisterial district, to be appointed by the county court, who shall reside
in different sections of said districts. Said freeholders shall execute bond,
with security approved by said court, for the full amount of all moneys
that may go into their hands.

6. The sum of money borrowed shall be prorated among the three
magisterial districts of said county, as a majority of the board of road
commissioners may direct, and as ‘the needs of ‘each said district may
appear to them.

7. The supervisors and the three frecholders of each magisterial dis-
trict shall constitute the board of road commissioners for their respective
districts. They shall elect one of the frecholders to superintend the
opening and repairing of roads, who shall receive such compensation as

said district board may prescribe.

8. When the moncy is apportioned to the respective districts and placed
in the bank to the credit of the district board, it shall be paid out on
checks to be signed by the said superintendent of the district, who shall
make report to the district board as often and in such manner as said
board shall determine.

9. The nine freeholders appointed as hereinbefore mentioned, together
with the three supervisors of said county, shall constitute the county board
of road commissioners. This board shall elect one of their number presi-
dent and another member clerk, who shall sign and countersign said
bonds as hereinbefore provided, and examine the accounts of the super-
intendents of the several district boards, which accounts shall be sub-
mitted at any meeting of the county board on demand of its president.

10. A majority of said board shall constitute a quorum for the trans-
action of business.

11. Application for opening new roads and changing locations of old
roads shall be made under existing laws, and said roads shall be main-
tained and kept in order in each district in the manner prescribed by the
respective district boards as may not conflict with the laws of the State.

12. All acts or parts of acts in conflict herewith are to that extent
hereby repealed.

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