Chap. 96.—An ACT to authorize the board of supervisors of Nelson county to
issue bonds, not exceeding in amount $15,000.00, for road and bridge pur-
poses in Massie’s Mill magisterial district. {H B 147]

Approved February 25, 1920.

1. Be it enacted by the general assembly of Virginia as follows:

Sec. 1. The board of supervisors of Nelson county is hereby au-
thonzed and empowered to issue bonds of the said county, not exceed-
ing fifteen thousand dollars, the proceeds of which are to be expended
in Massie’s Mill magisterial district for the purpose of reimbursing
the county fund for the cost of the various bridges with their ap-
proaches recently erected over Tye river, and for the purpose of erect-
ing bridges over Hat creek at Roseland, and the branch of Hat
creek, a short distance therefrom on the Roseland-Jonesboro road:
for permanently improving the road from Rose mills towards Rose
Union church; and for aiding in the erection of a bridge over Piney
fiver at Lowesville.

Sec. 2. The said board is authorized to determine whether such
bonds shall be coupon or registered and when the same shall mature
not exceeding thirty years from the date of issue; and whether saic
bonds may be redeemable or subject to call at any time before ma-
turity ; and the rate of interest upon the same, not exceeding six per
centum per annum. Said board shall have authority to employ an
agent to market said bonds and may compensate him or them for such
service.

Sec. 3. Said board shall have authority to levy a special tax in
said Massie’s Mill magisterial district, at such rates as is not in ex-
cess of the rates allowed by law for road purposes, in the aggregate,
for the purpose of paying interest on said bonds and creating sinking
funds for the retirement of said bonds upon their maturity or sooner,
in the discretion of the board, provided that the proceeds of said
levies shall be applied to the bonds the proceeds of which are ex-
pended in the said district.

Sec. 4. Said board. may invest any portion of said proceeds, not
needed for said purpose, and may allow interest upon same to accu-
mulate for one year or more. |

Sec. 5. All acts and parts of acts inconsistent with this act are
hereby repealed.

Sec. 6. An emergency existing in the need for funds to extend
the said roads, this act shall be in force from its passage.