Chap. 400.—An ACT to Authorize the County of Rockbridge to Aid the
James River and Kanawha Canal Company in Repair:ng the North River
Canal.

Approved November 5, 1870.

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of Rockbridge county, be and they
are hereby authorized and empowered at any meeting at which
a majority of said supervisors shall be present, to issue bonds,
in the name of the county of Rockbridge, for a sum not ex-
ceeding in the aggregate fifty thousand dollars, and to apply
the same in such way as to said board may seem most advisa-
ble to aiding the James river and Kanawha canal company in
repairing the North river branch of that improvement.

2. That the bonds issued in pursuance ot this act shall be
made payable within not less than five nor more than thirty-
four years from the date thereof, and shall bear interest, paya-
ble annually, at a rate not exceeding ten per centum per an-
num, and shall be signed by the president of said board of
supervisors, be attested by the clerk of the county court of
Rockbridge, and have the seal of said county affixed thereto.

3. That the payment of the interest and principal of debts
contracted and evidenced by said bonds, shall be provided for
by the said board of supervisors by a levy, from time to time,
as the same shall fall due, upon such subjects of taxation as
are or may be liable by law for the county levy.

4. It shall be the duty of the said board of supervisors, be-
fore transferring to the said James river and Kanawha com-
pany the bonds authorized to be issued under the provisions
of this act, or any part thereof, to make such arrangements
with said company as will most probably secure the speedy re-
pair of said North river branch of said canal, and to obtain
trom said company such security and indemnity as it may be
practicable to obtain, to secure the reimbursement to, the county
of any money expended or bonds issued in the repair of the
said North river branch of said canal.

d. In the event that the board of supervisors of said county
shall decline, or for sixty days fail to issue the bonds, or nego-
tiate the loan, and to effect the arrangements authorized by
this act, it shall be the duty of the judge of the county court
of said county to order an election, at which the sense of the
qualified voters of said county shall be taken upon the question
of a loan by said county for the purposes indicated in the first
section of this act, and upon such terms as said judge may in
such order indicate; but the proceedings and formalities under
which said election shall be held, shall in all respects be con-
formed to the provisions of the act entitled an act to authorize
subscriptions to the stock of incorporated companies by the
counties of Rockingham, Augusta, Rockbridge, Botetourt,
Craig, and Roanoke, and the towns of Harrisonburg, Staunton,
Lexington, and Salem, approved June twenty-seventh, eighteen
hundred and seventy; and if said loan shall be authorized by
a majority of three-fifths of the persons voting at such election,
it shall be the duty of the board of supervisors of said county,
when convened by the order of said judge, to perform the du-
ties authorized by the first, second, third, and fourth sections
of this act. .

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