Chap. 172.—An ACT to authorize Albemarle county, from time to time, a3
necessary, to borrow money and issue bonds for a sum not exceeding
$40,000, for the purpose of uniting in the building, in the county of Al-
bemarle, of State money aid or convict labor plan roads, as well ag roads
where private individuals contribute one-half the cost thereof, and to
assist in securing undergrade crossings under the tracks of the Chesa-
peake and Ohio railway company and the Southern railway company,
respectively, in the county of Albemarle. (H. B, 329.)

Approved March 21, 1914.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Albemarle county be, and thev are
hereby, authorized to borrow, from time to time, as necessary,
money, not exceeding forty thousand dollars, with which to
establish and construct, on the State money aid plan or convict
labor plan, improved and permanent highways in the county of
Albemarle, as well as to contribute one-half of the cost of building
in said county, under the supervision and direction of the State
highway commissioner, public highways, when private individuals
contribute the other half of the cost of same, and also to assist in
securing undergrade crossings under the tracks of the Chesapeake
and Ohio Railway Company and of the Southern Railway <‘om-
pany, respectively, in said county.

2. Said loan or loans shall be effected by issuing bonds of
the county, signed by the chairman of said board and counter-
signed by the clerk thereof, payable in not more than thirty years
after the date of the issue of said bonds; the said bonds to be in
denomination of one thousand dollars and five hundred dollars
each, or of either, as the said board may think best, with coupons
attached for the semi-annual interest, and the principal shall be
made to fall due in sums of not less than five hundred dollars each
year, so that all of the bonds shall become due and be paid off in
sums of not less than five hundred dollars each consecutive year
after the payment of them is begun, which shall be on January
first, nineteen hundred and thirteen, or sooner if said board thinks
proper.

3. The said board of supervisors may fix the rate of interest
which said bonds shall bear, but such rate shall not exceed six
percentum per annum.

4. The said board of supervisors shall have full power to
negotiate said bonds through an agent or in any way they think
best, and may deposit the proceeds in any one or more banks in
Charlottesville, Virginia, subject to their order, pending the
application of such proceeds to the purposes for which they are
raised; provided, however, that they shall not negotiate the six
percentum bonds of the county for less than par value.

5. While such bonds shall be the county bonds, for the pay-
ment of which the county is liable, yet for so much of the money
raised from the proceeds of the sale of such bonds as shall be used
in building said permanent public highways, exclusive of said
undergrade crossings and relocation of roads, the respective road
districts of said county shall be primarily liable to the extent of
the amount expended in such district, and in the event that any of
such bonds, the proceeds of which are used to build such highways,
are paid out of the general county levy, it shall be reimbursed out
of the district road levy for the district in which such proceeds
are expended.

6. On account of the necessity of immediate use of some of
the money to be raised, especially that for securing undergrade
crossings, as aforesaid, this act is declared an emergency act, and
shall be in force from its passage.