Chap. 35.—An ACT to authorize the boards of supervisors of Wise county to
issue bonds or other obligations of said county for a sum not exceeding
$185,000.00 for the purpose of financing road construction in said county,
and to levy taxes to pay the interest thereon and to create a sinking fund
for the paymnt of the principal thereof at maturity. {H B 33]

Approved February 17, 1922.

Whereas, the board of supervisors of Wise county, by resolution
adopted on the tenth day of January, nineteen hundred and twenty-
two, has declared it to be the desire of said county to immediately
improve that section of the secondary line of route number cleven
of the State highway system from Pound to the Virginia-Kentucky
line at Pound Gap, in accordance with the terms and provisions
of chapter one hundred and eighty-four of acts of the general as-
sembly of Virginia of nineteen hundred and twenty, and has re-
quested the general assembly of Virginia to grant to said board
the power to issue and sell'bonds or other obligations of said county
for such purposc; 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 or other
obligations of Wise county, not exceeding in the aggregate the sum
of one hundred and eighty-five thousand dollars, for the purpose
of providing funds to finance the construction of that section of
the secondary line of route number eleven of the State highway
system from Pound to the Virginia-Kentucky boundary line at Pound
Gap, in accordance with the provisions of chapter one hundred and
eighty-four of acts of the general assembly of nineteen hundred and
twenty; such bonds or obligations to be payable or redeemable at
such time or times, not exceeding thirty 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 of such denominations,
and either coupon or registered, as the said board of supervisors
may determine. The sale of such bonds or obligations may be con-
ducted and effected in such manner as the said board of super-
visors may determine; provided they shall not be sold at less than
their par value.
2. The said board of supervisors shall annually levy a tax upon
all the property within the said county subject to taxation for such
purpose, including such property located, or the situs whereof for
taxation may be, within the limits of all the incorporated towns
of said county, at such rate as will be sufficient to pay the interest
on said bonds, or obligations, 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. |