Chap. 12.—An ACT to authorize the supervisors of Warren county to borrow
$7,000, to be used in the construction of appruaches to the two bridges across
the north and south branches of the Shenandoah river, at Riverton, in said
county.

Approved December 19, 1803,

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Warren county be, and it is hereby, empowered
to borrow, upon the credit and faith of the county of Warren, and to
appropriate towards the construction of approaches to the two bridges
across the north and south branches of the Shenandoah river, at

tiverton, in said county, such sum or sums of money as said board
may think proper: provided said sum so. borrowed and appropriated
does not exceed the sum of seven thousand dollars.

2. The said board of supervisors may issue the registered bonds of
said county, in sums of five hundred dollars each, or any multiple
thereof, payable in twenty years from their date, or upon cail of the
said board of supervisors at any time after five years from their date,
bearing interest at not exceeding six per centum per annum, the
interest to be paid on the first day of July and first day of January
of every year. The said bonds shall be signed by the chairman of
the board of supervisors, to be countersigned by the county clerk,
and have the seal of the county attached.

3. The said bonds, when so issued, may be delivered for negotia-
tion to such agent or agents as said board of supervisors may select;
but before such delivery of said bonds to said agent or agents, he,
or they, as the case may be, shall execute bond, with good security,
in such penalty as the said board of supervisors may think reason-
able, conditioned for the faithful discharge of their trust as such
agent or agents.

4. Said bonds shall be negotiated at not less than par and the
proceeds thereof shall be paid into the hands of the treasurer of
Warren county to be held and paid out by him upon the order of the
board of supervisors and said treasurer, and the sureties on his offi-
cial bond as such treasurer shall be held responsible for said money
in the same manner as for other county funds coming into his hands.
For his services in receiving and paying out said money the said
treasurer shal] receive two per centum on the amount so received
and paid out. The agent or agents, if any be appointed, under sec-
tion three of this act, shall receive such compensation for his or
their services herein as may be agreed upon by them and the board
of supervisors of said county, not exceeding two per centum upon
the amount of bonds negotiated.

5. The board of supervisors of said county or Warren shall em-
brace in their annual levy a sum sufficient to pay the annual interest
on said bonds, and shall also provide by levy from year to year a sink-
ing fund of not exceeding ten cents on the one hundred dollars of
taxable property within the said county, which sinking fund shall be
securely invested by the said board of supervisors in such securi-
ties as they may think safe, the same to be applied to the payment
of said bonds at the time when they may be payable.

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