Chap. 185.—An ACT to authorize the board of supervisors of Wise county to
issue bonds of said county on behalf of Roberson magisterial district thereof
for a sum not exceeding sixty thousand dollars, for the purpose of providing
funds to macadamize and otherwise permanently improve a certain road of
said district known as the Indian Creek road, from station 240 to station
455 plus 66 thereon, a distance of approximately 21,566 feet; and to levy
taxes to pay the interest thereon and to create a sinking fund for the
payment of the principal of said bonds at maturity. {[H B 426]

Approved March 15, 1922.

Whereas, the board of supervisors of Wise county, by resolution
adopted on the fourteenth day of February, nineteen hundred and
twenty-two, has expressed its desire to be authorized by the general
assembly of Virginia to issue and sell bonds of said county, on behalf
of Roberson magisterial district thereof, to an amount not exceeding
sixty thousand dollars, for the purpose of macadamizing a portion
of a public road of said district, known as the Indian Creek road,
for the reason that after all available funds of said district, from
bond issue under the general law, or otherwise, have been exhausted
there will be left an unimproved section or gap in said road of a
distance of approximately twenty-one thousand, five hundred and
sixty-six feet, and for the further reason that the importance of said
road as a through line of travel, connecting said section with national
highway routes, demands the early completion of the same; therefore,

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Wise county be, and it is hereby, authorized
and empowered, in its discretion, to proceed immediately, or from
time to time, as it may deem expedient, to issue bonds of Wise
county, for and on behalf of Roberson magisterial district of said
county, not to exceed in the aggregate the sum of sixty thousand
dollars for the purpose of providing funds to macadamize or other-
wise permanently improve that portion of the public road from Pound
to the Gladeville-Roberson district line towards Glamorgan and Wise,
known as the Indian Creek road, from station two hundred and forty
thereon to said Gladeville-Roberson district line at station four hun-
dred and fifty-five plus sixty-six thereon, a distance of approximately
twenty-one thousand, five hundred and sixty-six feet; such bonds
shall be signed by the chairman of said board of supervisors, and
countersigned by the clerk thereof, under the seal of said board:
shall be payable or redeemable at such time or times, not exceeding
thirty (30) years from the date of issue, and to bear interest payable
at such times and at such rate, not exceeding six per centum per
annum, and to be in such denominations, and either coupon or reg-
istered, as the said board may determine. There shall be printed
on the face of said bonds the following: “These bonds are issued
for road improvement in Roberson magisterial district of Wise county,
but the full faith and credit of Wise county is pledged for the pay-
ment of the interest thereon and the principal thereof at maturity.”
The sale of such bonds may be conducted and effected in such manner
as the said board may determine; provided, they shall not be sold for
less than their par value.

2. The said board of supervisors shall annually levy a tax upon
all the property within the said magisterial district subject to taxation
for such purpose, including such property located, or the situs whereof
for taxation may be, within the limits of the incorporated towns of
said district, at such rate as will be sufficient to pay the interest on
said bonds, and to create a sinking fund for the payment of the
principal thereof at maturity.

3. By reason of the fact that the public interest requires that said
road work be commenced as soon as possible, an emergency is hereby
declared to exist, and this act shall be in force from its passage.