Chap. 96.—An ACT authorizing the board of supervisors of the county of
Charlotte to lend out the money belonging to the county arising from the
sale of the test farm, and secure the payment of the same by taking a
deed of trust on real estate belonging to the lender. [{H B 169]

Approved March 4, 1918.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of the county of Charlotte is hereby authorized,
empowered and directed to lend out upon real estate security, any
money arising from the sale of the test farm, belonging to the said
county set aside by the board of supervisors for a sinking fund, to
meet the various bonds issued by the said county, upon good real
state security, taking from the borrower a bond payable to the
‘ounty of Charlotte for the money loaned to be secured by a deed of
trust creating the first lien on the real estate; provided, however,
hat the board of supervisors shall in no event loan out any money
elonging to the county upon real estate whose value is less than
wice the amount of the amount so loaned. The value of the real
state shall be fixed and ascertained by the board of supervisors of
he said county. .

2. The board of supervisors having now on hand money arising
rom the sale of the test farm belonging to the county of Charlotte,
» be loaned out an emergency is declared to exist, and this act shall
ein force from its passage.

3. <All acts or parts of acts inconsistent or repugnant to this act
re hereby repealed.