Chap. 341.—-An ACT to authorize and empower the board of supervisors
of Nelson county to issue bonds for erecting bridges over Tye river
and for completion of macadam road to Roseland in Massie’s Mill
district and for the purpose of constructing macadam road from Ship-
man to Craig’s shop in said county in Lovingston district.

(H. B. 458.)
Approved March 20, 1916.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Nelson county be, and it is author-
ized and empowered to issue bonds of the said county the pro-
ceeds of which are to be expended in Massie’s Mill magisterial
district for such amount as may be necessary to complete the
Arrington-Roseland macadam road in said district, not to ex-
ceed five thousand dollars, and for an additional two thousand,
five hundred dollars, for the purpose of erecting two bridges
over the Tye river in said district, one at Tye river church and
one at Nash. And said board is hereby further authorized and
empowered to issue bonds of the said county, the proceeds of
which are to be used in constructing the macadam road from
Shipman to Craig’s shop in Lovingston district, not exceeding
fifteen thousand dollars.

2. The said board is authorized to determine whether such
bonds shall be coupon or registered and when the same shall
mature, not exceeding thirty years from the date of issue; and
whether said bonds may be redeemable or subject to call at any
time before maturity; and the rate of interest upon the same,
not exceeding six per centum per annum. Said board shall have
authority to employ an agent to market said bonds and may
compensate him or them for such service.

3. Said board shall have authority to levy a special tax in
said Massie’s mill and Lovingston magisterial] districts, at such
rates, respectively, as are not in excess of the rates allowed by
law for road purposes, in the aggregate, for the purpose of pay-
ing interest on said bonds and creating sinking funds for the
retirement of said bonds upon their maturity or sooner, in the
discretion of the board, provided that the proceeds of said levies
shall be applied to the bonds the proceeds of which are expended
in the said districts respectively.

4. Said board may invest any portion of said proceeds, not
needed for said purpose, and may allow interest upon same to
accumulate for one year or more.

5. All acts and parts of acts inconsistent with this act are
hereby repealed.

6.. An emergency existing in the need for funds to extend
the said roads this act shall be in force from its passage.