An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1902/1903 |
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Law Number | 133 |
Subjects |
Law Body
Chap. 133.—An ACT to authorize and empower the board of supervisors of Eliza-
beth City county to issue and sell bonds to an amount not exceeding the sum
of $50,000 in the aggregate, the proceeds to be used for the repair and mainte-
nance of the public roads and bridges of said county, and appointing commis-
sioners to disburse such moneys.
Approved April 4, 1903.
1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Elizabeth City county be, and it is hereby, authorized
and empowered to issue and sell bonds upon the faith and credit of the
said county to an amount not exceeding in the aggregate fifty thousand
dollars, the proceeds of the sale of such bonds, or any of them, to be
appled by the commissioners hereinafter designated, or their successors,
to the repair and maintenance of the public roads and bridges of the said
county. For these purposes the said board of supervisors is hereby
authorized and empowered to issue and sell, at not less than par, either
registered or coupon bonds in the denomination of five hundred dollars
each, payable not less than twenty nor more than forty years after their
date, such bonds to bear interest at a rate not exceeding five per centum
per annum, payable semi-annually; said board may issue all of the said
bonds hereby authorized at one time, and of the same series, or from time
to time, in different series.
2. The said board of supervisors, at the time it makes its annual levy
for county purposes, shall make such additional levy on all of the real
and personal property subject to taxation by said county as may be neces-
sary for the purpose of providing for the annual interest accruing on such
hends as may be issued, and to create a sinking fund for the payment
thereof at maturity: provided, that the real and personal property in the
said county subject to taxation by either the town of Hampton or the town
of Pheebus shall be exempt from any additional levy that may be necessary
tu pay the interest and provide a sinking fund for any of the bonds that
may be issued under the authority of this act. The said board of super-
visors shall each year make such levy as may be necessary for the purpose
aforesaid until all outstanding bonds issued hereunder have been fully
paid: provided, that such levy shall not during any one year exceed the
interest on such bonds and one-twentieth of such bonded indebtedness.
3. A board of road commissioners is herebv created, which shall consist
of seven resident frecholders of said county, whose duty it shall he to apply
the proceeds arising from the sale of any and all of the bonds hereby
authorized to be issued and sold to the repair and maintenante of the
public roads and bridges of the said county. The said board of road
c-mmissioners shall have the right and authority to repair and maintain
the said roads and bridges, or any of them, either by contract or by dav
labor. The following resident freeholders of said county are hereby
created a board of road commissioners for said county: George A.
Schmelz, Charles E. Hewins, Frank W. Darling, Scott Wood, R. S. Hud-
gins, G. K. Sinclair, senior, James H. Mitchell. Any vacancy occurring in
the said board as hereby created, either by death, removal, resignation, or
failure to qualify, shall be filled by the judge of the circuit court of the
suid county, upon the recommendation of the board of supervisors. Be
fore entering upon the discharge of the duties or exercising any of the
pewers hereby conferred upon them, each member of the said board herein
named, or his successor, shall make oath before the clerk of the court of
the said county to faithfully and honestly administer the duties of his
office as set out in this act, and as prescribed by the said board of road
commissioners. ‘The compensation of the said commissioners shall be
such as may be prescribed by the board of supervisors of the said county.
4. Nothing in this act shall be construed as authorizmg the levy of a
tux to provide for the interest or a sinking fund incident to the issuing
of any bonds under the authority of this act upon any of the real or
personal property in said county taxed by the municipal authorities of the
town of Hampton or of the town of Phcebus.
5. This act shall be in force from its passage..: