Chap. 62.—An ACT to authorize the board of supervisors of Alleghany
county to borrow money to build bridges in said county.

Approved February 3, 1888.

Whereas, the board of supervisors of the county of Alle-
ghany have determined to build four bridges across Jackson’s
river in said county, to-wit: one at the town of Covington,
one at the Island ford, one between the mouth of Potts’ creek
and the Holloway ford, and one at the town of Clifton
Forge; and whereas, for the purpose of building the said
bridges, the said board desires to borrow the sum of twenty-
five thousand dollars; therefore,

1. Be it enacted by the general assembly of Virginia, That
the board of supervisors of the county of Alleghany be and
they are hereby authorized to issue bonds ot the county of
Alleghany to an amount not exceeding twenty-five thousand
dollars, and shall sell the same under such conditions as are
hereinafter prescribed, and with the proceeds pay for the
erection of the four bridges mentioned in the preamble to this
act.

2. That the bonds issued in pursuance of this act shall be
coupon bonds of one hundred dollars each, payable in not less
than one nor more than ten years, at the option of the board
of supervisors of Alleghany county, and bearing interest at
the rate of six per centum per annum, and shall be signed by
the chairman of the board ot supervisors, be attested by the
clerk of the county court of Alleghany county, and shall have
the seal of the board affixed thereto.

3. The said bonds shall be sold for not less than the face
value thereof, and the coupons for interest due thereon shall
be receivable at any time after maturity for all taxes and
other debts due the county of Alleghany.

4. The board of supervisors and their successors in office
shall levy annually a sufficient tax to meet the annual inter-
est upon said bonds, and in addition thereto, after the first
year, sufficient to retire annually at least one-tenth of the
principal of said bonds actually issued, until the whole are
retired.

5. All moneys realized from the sale of said bonds shall be
received by the treasurer of Alleghany county, and he shall
be liable upon his official bond for all moneys so received ;
the said moneys to be disbursed in payment solely for work
done in the construction and erection of the bridges afore-
said; and upon the order of the board of supervisors, the said
treasurer for receiving and disbursing said fund, shall receive
a commission of two per centum.

6. The coupons and bonds issued under this act shall be
redeemable at the office of the treasurer of Alleghany county,
and when paid by bim shall be cancelled and destroyed in
the presence of the board of supervisors.

7. The board of supervisors shall keep a registry of the
rion es aa ene of each of said bonds,,and shall redeem
them in the order in which they are issued: provided, that
no part of the money arising from the sale of said bonds shall
be used in the erection and construction of a bridge at the
town of Covington until the authorities of said town shall
have given their consent that the real and personal property
within the said town shall be taxed equally with the proper-
ty of the county for the purpose of paying the bonds afore-
said and the interest to accrue thereon: and provided further,
that no part of the same shall be used in the erection and
construction of a bridge at the town of Clifton Forge until
the authorities of said town shall have given their consent ‘
that the real and personal property within the said town
shall be taxed equally with the property of the county for
the purpose of paying the bonds aforesaid, and the interest
to accrue thereon.

8. The consent of the authorities of the said towns of Cov- |
ington and Clifton Forge, when given as aforesaid, shall ren-
der the property, personal and real, within said towns, liable
to taxation, at a rate equal to that of the property of the
county, for the purpose of paying the principal and interest
of the bonds issued under this act.

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