Chap. 258.—An ACT to authorize and empower the board of supervisors of the
county of Botetourt to borrow $8,000 to pay for a bridge across James river in
that county.

Approved February 9, 1898.

1. Be it enacted by the general assembly of Virginia, That the board

af eunervisore af the ecaunty of Botetourt he and is herebv. authorized
and empowered to borrow the sum of eight thousand dollars for and ir
the name of the said county of Botetourt to pay for the bridge recently
built across James river at Buchanan, in the said county, and to appoint
an agent or agents to negotiate a loan or loans for the saidsum of eight
thousand dollars at a rate of interest not exceeding five per centum per
annum and to issue bonds to secure the same for and in the name of said
county. Said bonds may be either registered or with coupons attached,.
as the said board of supervisors may prescribe, and at the time at which
the board of supervisors makes its levy for the said county it shall levy
on all the other Jands and other subjects liable to state tax and county
levy in said county, such tax to pay the amount of such loan or loans
and the interest thercon or to pay the interest on the bonds of the county
so issued, and to create a sinking fund to redeem the principal thereof
as said board of supervisors may deem necessary or proper, and from
year to year may repeat such assessments until the debt and interest be
fully paid; but such levy for a year shall not exceed the interest on the
whole debt and one-tenth of the principal thereof; and such bonds shall
be issued to run for ten years and shall not be payable until after the ex-
piration of ten years from the date thereof. The said bonds shall not
be sold by the said board of supervisors at less than par. The bonds to
be issued under this act shall be of the denomination of five hundred
dollars each.
2. This act shall be in force from its passage.