Chap. 137.—An ACT to authorize and empower the board of supervisors of
Halifax county to borrow money and issue notes therefor. [S B 224]

Approved March 4, 1920.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Halifax county be, and it is hereby, authorized
and empowered to borrow money and execute notes therefor, whenever
in its judgment, it is necessary; provided, however, that the aggre-
gate amount of indebtedness created under the provisions of this act
shall at no time exceed the sum of fifty thousand dollars ($50,000.00).
Said notes shall be signed by the chairman of said board and attested
by the clerk thereof and run from one to five years, in amounts to be
designated by the said board, and shall bear interest at a rate not
exceeding six per centum per annum and at maturity paid out of
the county road levy or road fund. Said money so borrowed shall be
used for the construction and permanent improvement of the roads
and bridges in Halifax county, constructed under the supervision
of the State highway commissioner or of the said board of supervisors
and for the repayment of sums temporarily borrowed for said purpose.

2. All acts or parts of acts inconsistent with this act are hereby
repealed.

3. An emergency existing this act shall be in force from its

passage.