Chap. 216.—An ACT to authorize the board of supervisors of Botetourt county
to borrow $10,000 for the purpose of refunding bonds issued by said board
of supervisors January 1, 1904, for the purpose of building a bridge across
James river in that county, and to issue bonds of the said county scorn

B 288]
Approved March 15, 1922.

Whereas, the board of supervisors of Botetourt county, under an
act of the general assembly of Virginia, approved April fourteenth,
nineteen hundred and three, issued certain bonds of the said county
amounting to ten thousand dollars, for the purpose of building a
bridge across James river at Glen Wilton, in said county, payable
not exceeding twenty years from their date; and

Whereas, said bonds will mature and become payable January
first, nineteen hundred and twenty-four ; therefore,

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of the county of Botetourt be, and hereby 1s,
authorized and empowered to borrow a sum of money not exceed-
ing ten thousand dollars for and in the name of the said county, to
refund the bonds issued by said board of supervisors, as aforesaid,
and to issue bonds of said county for the loan thereof; and they may
appoint an agent, or agents, to negotiate the loan of the said sum of
money. Said bonds may be either registered or with coupons at-
tached, as said board of supervisors may prescribe; shall be signed
by the chairman of the said board of supervisors, and countersigned
by the clerk thereof; shall be in denominations of one hundred
dollars, or some multiple thereof; shall bear interest at a rate not
exceeding six per centum per annum, payable semi-annually at the
office of the treasurer of said county, and shall be payable not ex-
ceeding twenty-five years from the date thereof at said office, but
may, in the discretion of said board, be redeemable at such time or
after such period as the said board may prescribe; but no bonds
issued under this act shall be sold or negotiated at less than par.

At the time at which the said board of supervisors makes its
annual levy for the said county, it shall levy on all the property in
said county liable to county levies such tax to pay the interest on
the bonds of the county so issued, and to create a sinking fund to
redeem the principal thereof, as said board of supervisors may
deem necessary or proper.