Chap. 252.—An ACT to authorize the board of supervisors of Nansemond county
to borrow ten thousand dollars ($10,000), and to issue bonds therefor.

Approved February 3, 1900.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of the county of Nansemond be, and the said board is
hereby, authorized to borrow for the said county, for the purpose of
meeting the expenses of the late small-pox epidemic in said county,
and for such other purposes of the said county as the said board may
deem necessary, a sum of money not exceeding ten thousand dollars by
the issue and sale of the bonds of the said county.

2. The said bonds shall be registered or coupon, issued in such denom-
ination as the said board shall prescribe, and shall bear interest at a
rate not exceeding six per centum, payable semi-annually. The prin-
cipal of said bonds shall be payable in not less than one or more than
twenty years from their respective date as shall be prescribed by said
board. The said bonds shall be signed by the chairman of the said
board, be attested by the clerk of said board, and shall have the county
seal affixed thereto. Said bonds shall be in such form as the said board
may prescribe. Said bonds shall be sold and negotiated in such manner
and upon such terms as the said board shall prescribe: provided, that
none of said bonds shall be sold for less than their par value.

3. The board of supervisors, and their successors in office, shall have
the right to levy upon such subjects of taxation as are, or may be liable
by law for county levy, a sufficient tax to meet the semi-annual interest
upon said bonds, and in addition thereto, shall have the right and power
to make annual appropriations out of the revenue of said county, for the
purpose of providing for the interest, and also a sinking fund for the
payment of said bonds.

4. All moneys realized from the sale of said bonds shall be received
by the treasurer of the said county and he and his sureties shall be liable
on his official bond for all moneys so received, and the same shall be
disbursed upon the orders or warrants of said board of supervisors, or
their successors in office.

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