Chap. 28.—An ACT to Amend an Act entitled ‘‘An Act Authorizing the
Board of Supervisors of Buckingham County, Virginia, te Borrow
Money to Rebuild the Courthouse of said County, Destroyed by Fire
1868,” approved March 15th, 1871.

Approved January 14, 1873.

Whereas, the courthouse and clerk's office of Buckingham
county, Virginia, were destroyed by fire in the year eighteen
hundred and sixty-nine (improperly recited in the title and
preamble of the act approved fifteenth of March, eighteen hun.
dred and seventy-one, as destroyed in eighteen hundred and
sixty-eight), and it has been thought necessary by the board
of supervisors of said county, in order to facilitate the admin-
istration of justice and to secure the preservation of the public
records, to contract for rebuilding the same; Therefore,

1. Beit enacted by the general assembly, That the board of
supervisors of Buckingham county be, and they are hereby,
authorized and empowered, either at any regular or special
meeting thereof, to issue bonds in the name of the county of
Buckingham, to be known as “Courthouse bonds,” for a sum
not exceeding ten thousand dollars, and to sell the same under
such conditions as are hereinafter prescribed; and with the
proceeds of such sale, pay for rebuilding the said courthouse
and clerk's office, and for properiy enclosing and protecting
the public grounds connected therewith.

2. That the bonds issued in pursuance of this act shall be
coupon bonds, of not more than one hundred doilars, payable
within not less than ten, nor more than thirty years from the
date thereof, and shall bear interest, payable annually, at a rate
not exceeding ten per centum per annum; and shall be signed
by the president of the board of supervisors, be attested by the
clerk of the county court of Buckingham, and shall have the
‘seal of said court affixed thereto.

3. The said bonds shall be soid at not less than ninety cents
on the dollar, and the coupons for interest due thereon shall
be receivable, at the maturity thereof, for all taxes and other
debts due to the said county of Buckingham.

4. The debt so contracted, and evidenced by bonds so issued,
shall be levied for by the board of supervisors, and their suc-
cessors in Office, upon such subjects of taxation as are or may
be liable by law for the county levy; and the faith and property
of said county are pledged for the punctual payment of the
principal and interest of said bonds as the same shall become
due.

5. The board of supervisors of Buckingham county shall
create a sinking fund, for the purpose of extinguishing said
debt so contracted, and evidenced by bonds so issued, which
fund shall be securely invested or expended in the purchase,
from time to time, as they deem expedient, of courthouse bonds,
issued as hereinbefore provided; but such purchase price shall
in no case exceed the par value thereof, with accrued interest;
and in determining the amount of annual levy to meet the
payment of interest and establishment of a sinking fund, the
proportion of such tax levy on account of sinking fund shall
be in the ratio of amount required to redeem such bonds at the
date of maturity thereof, and no greater.

6. The board of supervisors shall provide for the payment of
all necessary expenses attending execution and sale of said
bonds, and shall cause the bonds to be delivered to the treasurer
of said county, who shall negotiate a sale of the same in such
manner as he may deem best, and shall account for the same
with the said board of supervisors, whenever he shall be re-
quired to do so by them, either at a recular or special meeting
of the said board; and the said treasurer shall kcep, in the
proper books of his office, a separate account, to be designated.
the courthouse fund account, in which shall appear accurate
statements of all moneys received and disbursed on account of
said fund, and payment of interest on said bonds, or purchase
or payment, at or before maturity, of bonds issued under this
act; and the said board may allow to the treasurer of said
county such compensation for the services herein required of
him as they may think proper, provided it does not exceed the
sum of fifty dollars per annum.

7. The coupons for the interest upon the bonds issued under
this act shall be redeemable at the office of the treasurer of
Buckingham, and when paid by him, or received for taxes, be
cancelled; but if the board of supervisors deem it proper, they
may direct the said treasurer to deposit the money for their
redemption in some banking house in the city of Richmond.

8. This act shall be in force from its passage.