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 | 1916 |
---|---|
Law Number | 3 |
Subjects |
Law Body
Chap. 3.—An ACT to authorize and empower the local road board of
Salem magisterial district, in Culpeper county, Virginia, to issue
bonds to raise money for the purpose of providing for the buildin
and completion of certain roads in said magisterial district, in sai
county. (H. B. 35.)
Approved February 5, 1916.
1. Be it enacted by the general assembly of Virginia, That
the local road board of Salem magisterial district, in the county
of Culpeper, Virginia, be, and it is, hereby authorized and em-
powered, in its discretion, to borrow the sum of six thousand
dollars for the purpose, and to issue coupon bonds therefor, or
so much thereof as may be necessary to the building and com-
pletion of the macadamizing of the turnpike in said magisterial
district to the Rappahannock county line; said bonds to be is-
sued in denominations of five hundred dollars each, and to run
for ten years, bearing interest not exceeding six per centum
per annum, interest payable semi-annually. All of said bonds
may be redeemed by the said local road board after the expira-
tion of five years from their date of issuance. Said bonds shall
be sold for not less than par. |
2. The bonds authorized to be issued by this act shall be
signed by the chairman of the said local road board and counter-
signed by its clerk, and under the seal of said board.
3. The board of supervisors of Culpeper county, shall an-
nually include in the levy upon the property and lawful sub-
jects of taxation, in Salem magisterial district, as a part of the
county levy in said magisterial district a sum and tax sufficient
to pay the annual interest on said bonds and create a sinking
fund sufficient to pay and redeem said bonds at or before ma-
turity; and said board of supervisors of said county, or the
proper disbursing officer of said funds so collected, for the pur-
pose of paying the annual interest on said bonds and sinking
fund for retiring the same as hereinbefore provided, shall pay
over said funds to said local road board who is hereby charged
with paying the interest on and retiring the said bonds.
4. An emergency existing by reason of the urgent need of
money to complete the building of a certain macadam road in
Salem magisterial district, this act shall be in force from its
passage.