Chap. 478.—An ACT to authorize the county of Brunswick to borrow
asum of money not exceed nine thousand dollars for the rebuilding
of Gholson’s bridge in said county.

Approved March 17, 1884.

1. Beit enacted by the general assembly of Virginia, That
the board of surpervisors of Brunswick county be, and they
are hereby authorized and empowered to borrow upon the
credit and faith of said county, such sum of money, not ex.
ceeding the sum of nine thousand dollars, as may be neces.
sary to pay for the construction of a wrought-iron bridge, at
the site of Gholson’s bridge in said county.
2. Whenever the fact is certified by an order of the county
court to the said board of supervisors, that a contract or con-
tractors have been entered into for the construction of said
bridge, with the price stipulated to be paid therefor, it shall
be the duty of said board of supervisors, without delay, to
cause to be issued the revistered bonds of the said county, in
sums of one hundred dollars each, payable thirty years from
their date, bearing interest at a rate not exceeding six per
centum per annum, payable on the fifteenth day of June of
each year, to an amount sufficient to cover the amount stipu-
lated to be paid by said contract or contracts, as well as
the commission to the agent of the county hereinafter pro-
vided for; which said bonds shall be signed by the chairman
of the board of supervisors, be countersigned by the clerk of
the county court, and have the county seal attached. The
said bonds, when so issued. shall be delivered to any agent of
the county, to be appointed by the county court, w ho shall
receipt for the same; and whose duty it shail be to negotiate
at not less than par. a loan of money on said bonds, and to
report his transactions as such agent to the county court,
within thirty days from the date of such negotiation, and to
pay out the money so negotiated in his hands, upen the order
of said court, to the contractor or contractors, or their as-
signees. Said agent for his services in negotiating loans on
said bonds and dischar ging the other duties imposed by this
act, shall retain in his handy, a commission of two and a half
yer centum of the amount received by him as such agent;
wut the said agent shall not act in the premises until he shall
have first executed in the clerk’s oftice of the county court
of said county, a bond, with good and sufficient security. to
be approved by the clerk of said court, in a penalty double
the amount of bonds which may come to his hands, condi-
tioned for the faithful discharge of his duties as such agent.

3. The said board of supervisors shall annually, at the
time of laying the county levy, levy for and set apart such
sums of money as will, at six per centum interest, pay off and
liquidate the amount of said bonds at maturity; which sums
of money so levied for, shall be invested by the order of the
county court of said county, as a sinking fund, in such
securities as may be deemed entirely safe and solvent; which
securities shall be deposited with the clerk of said court for
safe keeping.

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