Chap. 215.—An ACT to Authorize the Counties of Albemarle, Fluvanna,.
and Greene to Loan Money to the Rivanna Navigation Company.

Approved July 9, 1870.

1. Be it enacted by the general assembly of Virginia, That
the counties of Albemarle, Fluvanna, and Greene shall have
power and authority to lend to the Rivanna Navigation Com-
pany for the purpose of improving the navigation of the Ri-
vanna river up to the Hydraulic mills on the south fork, and
Ferneyhough’s mill on the north fork, upon the terms and con-
ditions set forth in the act of the general assembly passed
June, eighteen hundred and seventy, in all not exceeding
thirty-five thousand dollars, to wit: the county of Albemarle,
& sum not exceeding twenty thousand dollars; the county of
Fluvanna, a sum not exceeding ten thousand dollars; and the
county of Greene, a sum not exceeding five thousand dollars.

2. For the purpose of paying the debt thus incurred, the
boards of supervisors of the said counties, respectively, shall
have the power to appoint an agent or agents to negotiate a
loan for and in the name of their respective counties, and at
the times and periods at which they make their county levies
shall levy on all the property subject to tax and county levy,
such tax to pay said debts or parts of the same, and interest
thereon, as said supervisors may respectively deem necessary
and proper, including a tax of not exceeding five cents upon
each tithable for any one year, which said boards of supervisors
shall have power to levy upon the tithables of their respective
counties for said purpose, and from year to year repeat such
assessment and levy until the amount authorized to be bor-
rowed for such purpose, together with all interest, is fully paid;
but such levy for any one year shall not exceed one-tenth of
the whole amount of debt thus incurred.

3. The agent or agents so appointed to negotiate a loan or
loans, shall have power and authority to issue and execute
bonds in the name of the county for which the money is bor-
rowed, payable to the party lending the same, said bonds to
bear interest at a rate not exceeding ten per centum per an-
num, and to be paid at the expiration of twelve years from
the time of issuing the same, unless the respective counties
choose to pay sooner.

4, Should said boards of supervisors, or any of them, prefer
to make the loan to the Rivanna Navigation Company, for the
purposes aforesaid, by executing their bonds for not exceed-
ing the amount hereinbefore specified, directly to said com-
pany, the said bonds to be used by said Rivanna. Navigation
Company tor the purposes aforesaid, then the said boards of
supervisors so preferring it, shall have power and authority to do
so, and said bonds, when executed by the agents so appointed,
shall be valid and binding upon the said counties respectively.

d. The said boards of supervisors shall not have authority
to contract any debt, make any loan, or incur any liability un-
der the provisions of this act, until thereunto authorized by a
vote of three-fifths of the qualified voters of the respective
counties, as provided for in the sixty-first chapter of the Code,
or by such vote as may be required by such law as may be in
existence directing how counties may proceed to subscribe for
stock in or lend money to improvement companies at the time
such vote may be taken.

6. The judges of the respective county courts above named,
shall make an order requiring the sheriff and commissioners
of election, at the next general election after the passage of
this act, to open a poll and take the sense of those qualified to
vote on the question whether the said counties shall lend the
said sums of money respectively or not, and in all respects
such proceedings shall be had in regard to the persons voting,
the returns, etcetera, as are reqaired by said sixty-first chap-
ter of the Code, or by such law determining the proceedings
in regard to loans or subscriptions to improvement compa-
nies a8 may be in existence at the time of such poll being
closed.

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