Chap. 497.—An ACT to authorize the supervisors of Warren
county to borrow twelve thousand dollars, to be used in the
building of a bridge over one or each branch of the Shenandoah
river at Riverton, in said county.

Approved February 29, 1892.

1. Be it enacted by the general assembly of Virginia,
That the board of supervisors of Warren county be, and it

is hereby, empowered to borrow, upon the credit and faith
of the county of Warren, and to appropriate towards the
erection of a bridge over one or each branch of the Shen-
andoah river, at Riverton, in said county, such sum or
sums of money as said board may think proper: provided
said sum, 80 borrowed and appropriated, do not exceed
the sum of twelve thousand dollars.

2. The said board of supervisors may issue the registered
bonds of said county, in sums of five hundred dollars each,
or any multiple thereof, payable in twenty years from
their date, or upon call of the said board of supervisors at
any time after five years from their date, bearing interest
at not exceeding six per centum per annum, the interest
to be paid on the first July and first January of every year.
The said bonds ghall be signed by the chairman of the
board of supervisors, be countersigned by the county
clerk, and have the seal of the county attached.

3. The said bonds, when so issued, may be delivered for
negotiation to such agent or agents as said board of super-
visors may select; but before such delivery of said bonds
to said agent or agents, he, or they, as the case may be,
shall execute bond, with good security, in such penalty as
the said board of supervisors may think reasonable, con-
ditioned for the faithful discharge of their trust as such
agent or agents.

4. Said bonds shall be negotiated at not less than par,
and the proceeds thereof shall be paid into the hands of
the treasurer of Warren county, to be held, and paid out
by him, upon the order of the board of supervisors; and
said treasurer and the sureties on his official bond, as such
treasurer, shall be held responsible for said money in the
same manner as for other county funds coming into his
hands. For his services in receiving and paying out said
money the said treasurer shall receive two per centum on
the amount so received and paid out. The agent, or
agents, if any be appointed under section three of this
act, shall receive such compensation for his or their ser-
vices herein as may be agreed upon by them and the board
of supervisors of said county not exceeding two per centum
upon the amount of bonds negotiated.

5. The board of supervisors of said county of Warren
shall embrace in their annual levy a sum sufficient to pay
the annual interest on said bonds; and shall also provide
by levy, from year to year, a sinking fund of not exceed-
ing ten cents on the one hundred dollars of taxable
property within the said county; which sinking fund
shall be securely invested by the said board of supervi-
sors, in such securities as they may think safe, the same
to be applied to the payment of said bonds at the time
when they may be payable.

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