Chap. 193.—An ACT to amend and re-enact an act entitled: An act authorizing
boards of supervisors to contract loans for the erection of courthouses,
clerk’s offices and jails, approved February 20, 1894, as amended as to
section 2 of said act by act approved April 2, 1902, so as to include poor-
houses.

Approved March 12, 1908.

1. Be it enacted by the general assembly of Virginia, That an act
entitled “an act authorizing boards of supervisors to contract loans
for the erection of courthouses, clerk’s offices and jails,” approved
February twentieth, eighteen hundred and ninety-four, as amended as
to section two of said act by act approved April second, nineteen hundred
and two, be amended and re-en&cted so as to read as follows:

Whenever it shall be necessary for a county to erect a courthouse,
clerk’s office, jail or poorhouse, or to repair or enlarge the same, it shall be
lawful for the board of supervisors of such county to contract a loan
for said purpose on the credit of the county: provided, that the power
shall not exist and the loan shall not be contracted for unless and until
the action of the board of supervisors shall be certified to the county
judge and the said action be approved by the said judge and by the
judge of the circuit court of the said county as hereinafter provided.
The said approval of the judge of the county court shall be entered
of record, together with the certificate of the action of the said board,
on the records of the county court. The clerk of the said court shall
thereupon certify the said record to the judge of the circuit court of
the said county, who may act thereon in term time or in vacation. If
the judge of the circuit court of the said county approves the same
his approval shall be entered of record in his said court and a copy
thereof, together with the record of the county court, shall be certified
to the board of supervisors of the said county. Upon such proceed-
ings being had, and not otherwise, the board of supervisors is authorized
and empowered to issue the bonds of the said county for such loans,
either registered or coupons, in denominations of one hundred dollars
or multiples thereof. The said bonds shall be in such form as the board
may prescribe, shall be signed bythe chairman of the said board,
countersigned by the clerk of the board, and sealed with its seal, shall
bear a rate of interest not exceeding six per centum per annum, payable
semi-annually, to be payable not exceeding thirty years after date,
and redeemable after such time as the said board may prescribe. If
coupon bonds are issued they shall be payable to bearer and shall
have coupons attached for the semi-annual installments of interest. No
bonds issued under this act shall be sold at less than par.

The board of supervisors shall annually levy upon all property and
lawful subjects of taxation for State purposes in said county a sum
and tax sufficient to pay the interest on said bonds, and in such
manner as they may deem best to create a sinking fund sufficient
to pay the said bonds at or before maturity.