Chap. 119.—An ACT to authorize the board of supervisors of Surry
county to borrow a sum of money not in excess of $10,000, and to
issue bonds of said county therefor, the proceeds of said bond issue to
be used for the reconstruction of a certain bridge in said county.

[H B 128]
Approved March 29, 1923.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Surry county, Virginia, be, and they
are hereby, authorized to borrow a sum of money not in excess
of ten thousand dollars to be used for the reconstruction of
Wall’s bridge over Blackwater swamp in Blackwater magisterial
district of said county. ,

2. Said loan shall be effected by issuing the bonds of the
county of Surry, to be signed by the chairman of the said board
of supervisors and countersigned by the clerk thereof, and sealed
with its seal. Said bonds shall be made to mature at such time,
or times, as the said board shall think fit, but the dates of ma-
turity shall in no case be longer than twenty-five years from
the date of issue thereof; and the right shall be reserved by the
said board to anticipate the payment of any or all of said bonds
at any interest paying period after the expiration of one year
from the date of issue. The said bonds shall be in denomination
of one hundred dollars, or multiples thereof, and shall be either
registered or coupon bonds; they shall bear interest at a rate
not exceeding six per centum per annum, payable semi-annually
from the date of issue; and shall otherwise be in such form as
the said board may prescribe.

3. The said board of supervisors shall have ‘full power to
negotiate the said bonds at one time, or at different times, as
money is needed, in any way they may think best, and may de-
posit the proceeds therefrom in any bank, or banks, in Surry
county, subject to their order, pending the application of said
proceeds to the purpose for which they are raised.

4. The said board of supervisors shall provide for the pay-
ment of the interest on said bonds and the creation of a sinking
fund to retire them at maturity.