Chap. 130.—An ACT to amend and re-enact section 354 of the tax Code of
Virginia, in relation to the treasurer of Augusta county keeping accounts
and exhibiting statements, so as to provide for depositing certain balances in
banks at interest. [H B 319]

Approved March 20, 1930

1. Be it enacted by the general assembly of Virginia, That sec-
tion three hundred and fifty-four of the tax Code of Virginia, be
amended and re-enacted so as to read as follows:

Section 354. The treasurer shall keep a correct account of all
moneys received and disbursed by him for the county. The treasurer
shall keep the books, papers and moneys pertaining to his office, at
all times ready for inspection of the Commonwealth’s attorney or
board of supervisors, or any taxpayer of the county, and shall, when
required by such attorney, board or any judge of a court of record
exhibit a statement of his accounts and the books containing a list of
the warrants drawn upon him.

The board of supervisors of Augusta county in éhis State may,
by resolution adopted by the affirmative vote of three-fourths of all
the members of the board, who may require the treasurer of Augusta
county to deposit in a bank, or banks, to be selected by him, at a fair
rate of interest, any surplus of county and/or district levies in his
hands for such time as the same may not be required for the payment
of warrants legally drawn on such funds. Such treasurer may, as
a condition precedent to his making any such deposits, require such
depository bank to enter into a bond with surety approved by him, in
such amount as he may deem sufficient, with condition to well and
truly account for and pay over, when and as required by such treasurer
so to do, any and all funds so deposited with said bank, together with
the accumulated interest thereon, at the rate agreed upon when such
funds were so deposited, which interest shall be accounted for by the
treasurer along with the principal, and on which he shall be allowed
the same commission as he may lawfully have on the principal.