CHAP. 303.—An ACT to authorize Nerthampton county to borrow money
and issue bonds for a sum not exceeding $150,000 for the purpose of
building public roads in the said county.

Approved March 14, 1912.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Northampton county be, and they
are hereby, authorized to borrow, from time to time, as may
be necessary, money not exceeding the sum of one hundred and
fifty thousand dollars ($150,000) with which to establish and
construct improved and permanent highways in the said county.

2. The said loan shall be effected by issuing bonds of the
said county, signed by the chairman of the said board of super-
visors, and countersigned by the clerk thereof, in denomina-
tions of five hundred dollars ($500) and one hundred dollars
($100) each, or either, as in the discretion of the said board
may seem best, payable in not exceeding thirty (80) years after
the date thereof, with coupons attached for the semi-annual
payment of interest, after the rate of not exceeding six per
centum (6%) per annum; provided, however, that any or all of
the bonds shall, by the terms thereof, be made redeemable at
the discretion of the said board at any time after the expira-
tion of five (5) years from date of issue.

3. The said board shall have full power to negotiate the
said bonds, either through an agent or by such other methad
as, In its discretion, may seem best, and deposit the proceeds in
any of the banks of the said county of Northampton, subject
to its order, pending the application of such proceeds to the
purpose for which they are raised; provided, however, that the
said bonds shall be so negotiated for no less than their nomi-
nal or par value, and that the same shall not be issued, except
apon the approval of the majority of the citizens of the said
county, who were qualified to vote in the last preceding general
election held therein, such approval or non-approval, as the case
may be, to be ascertained in an election to be held for that pur-
pose upon an order of the circuit court of the said county, or the
judge thereof in vacation, at any time within sixty (60) days
after the enactment hereof, such elections to be conducted in the
same manner and by the same officers of the said county who con-
ducted the general elections next preceding the same.

4. The ballots to be used in such election shall be prepared
as are ballots for other general elections, and shall contain the
words “for the issue of bonds for public road improvement,”
and “against the issue of bonds for public road improvement’’;
and if upon the canvass of the ballots cast, it shall be found
that a majority of those voting are in favor of such bond issue,
the fact shall be so reported, as are the results of other general
elections, and the board of supervisors upon receipt of notice
of such results shall proceed immediately to prepare, execute
and negotiate such bonds accordingly; provided, however, that
if one or more of the magisterial districts of the said county
shall cast a majority vote in favor of such bond issue, and one
or more shall vote negatively thereon, the said board shall issue
such bonds. in such proportion of the said sum of one hundred
and fifty thousand dollars, only, as the road mileage of the
districts or districts voting and in favor thereof shall bear to
the aggregate road mileage of the said county, or as nearly
as may reasonably be possible, the proceeds of such bonds so
issued to be applied exclusively to road building in such magis-
terial districts.

5. The said board of supervisors, together with the road
commission for Capeville magisterial district in the said county,
created by an act of the general assembly of Virginia, approved
February eighteenth, eighteen hundred and ninety-eight, and
W. J. Sturgis, P. W. Tankard, G. E. Colbourn, W. E. Thomas,
J. W. Chandler, C. D. Hurtt, J. L. Walker, Clarence Knight, of
the Franktown magisterial district of the said county; G. W.
Holland, W. L. Dalby, O. F. Mears, L. W. Nottingham, Wm. H.
Westcott, H. L. Thomas, T. P. Bell, John B. Dunton, of the
Eastville magisterial district of the said county; John S. Wise,
W. W. Dixon, Kemper Goffigon, Ruic Nottingham, C. F. Wilson,
A. P. Scott, R. D. Stevenson, George F. Parramore, of the Cape-
ville magisterial district of the said county, shall constitute a
road board for the purpose of carrying into effect the provisions
of this act, and the said board of supervisors, road,commission
for Capeville magisterial district, and other district members of
the said road board, whose respective magisterial districts shall
vote in favor of the said bond issue, are hereby authorized and
empowered to adopt such methods and materials as, in their judg-
ment, may seem best suited to the requirements of their re-
spective districts, employ such engineers, road builders and
operatives, upon such terms and for such compensation as to
them mav seem fit, and make all reasonable and proper regula-
tions as to location, construction and maintenance of the roads
to be constructed hereunder, and to do generally and perform
all acts necessary of the effectuation of the intents and pur-
poses hereof, and said road board created under this act shal
cause its accounts to be audited annually and publish a full
report of all receipts and expenditures in some newspaper in
said county.

6. After issuing the bonds, or any of them provided for ir
this act, when the first levy 1s made by the said board of super.
visors, a tax shall be levied on all property liable to State ta»
in each magisterial district in which the proceeds of such bonds
have been or are to be expended, to pay interest on the bond:
so issued and create a sinking fund to redeem the princina
thereof at maturity; and from year to year such levy shall be
made until the debt, together with interest thereon, is paid, th
said levy not to exceed the sum of thirty cents on the hun
dred dollars of taxable property within such district or dis
tricts; provided, however, that if the fund arising from suc]
levy shall prove insufficient to retire such bonds at maturity, a1
additional levy may be made of such percentage of said taxabl.
property as will enable said county to retire such bonds.

7. Should all the magisterial districts of the said count:
vote a majority in favor of the issue of such bonds, the fun
arising therefrom shall be distributed among such districts for
road building therein in such proportion as the road mileage
of each district bears to the aggregate road mileage of the said
county.

8. In the event of a vacancy, whether by death, resignation
or removal from the district, in the membership of the said
several district representatives on the said road board hereby
created, save and except members of the said board of super-
visors and road commission for Capeville magisterial district,
shall be supplied by the surviving or remaining members of such
magisterial district. *

9. An emergency arising by reason of the importance of
immediate execution of the provisions of this act, the same shall
be in force from the date of its passage.