Chap. 153.—An ACT authorizing the board of supervisors of Russell county
to borrow money, not to exceed $50,000, for the purpose of making, im-
provements to the court house and jail in said county. {H B 320]

Approved March 10, 1922.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Russell county be authorized and empowered
borrow money, not to exceed fifty thousand dollars, the proceeds

such loan to be used in making improvements to the court house
1d jail in said county. |

2. The said loan shall be effected by issuing the bonds of the
Lidl county, signed by the chairman and the clerk of the board of
apervisors; they shall be in denominations of one hundred dollars
nd multiples thereof; they shall bear interest at a rate not exceed-
ag six per centum per annum; and they shall be made to mature
t the end of twenty years from their date, or at such other time or
immes as the said board may prescribe. The said bonds shall be a
1en on all the taxable property in said county.

3. The said board shall have full power to negotiate the said
2onds through an agent or by such other method as in its discretion
may seem best; provided, however, that the said bonds shall be so
negotiated for no less than their normal or par value.

4. After issuing the bonds, or any of them, provided for in
this act, when the first levy is made by the board of supervisors, a
tax shall be levied on all property subject to county taxation in said
county, to pay interest on the bonds so issued and to create a sinking
fund to redeem the principle thereof at maturity; and from year to
year such levies shall be made on such property in said county until
such debt, together with the interest thereon, is paid.

5. An emergency existing, this act shall be in force from its
passage.