Chap. 300.—An ACT authorizing boards of supervisors to contract loans for the
erection of court-houses, clerk’s office and jails.

Approved February 20, 1894.

1. Be it enacted by the general assembly of Virginia, That when-
ever it shall be necessary for a county to erect a court-house, clerk’s
office or jail, or to repair or enlarge the same, it shall be lawful for
the board of supervisors of such county to contract a loan for said
purpose on the credit of the county: provided that the power shall
not exist, and the loan shall not be contracted for, unless and until
the action of the board of supervisors shall be certified to the county
judge, and the said action be approved by the said judge and by the
judge of the circuit court of the said county, as hereinafter pro-
vided. The said approval of the judge of the county court shall be
entered of record, together with the certificate of the action of the
said board, on the records of the county court. The clerk of the said
court shall thereupon certify the said record to the judge of the cir-
cuit court of the said county, who may act thereon in term time or
in vacation. If the judge of the circuit court of the said county
approves the same, his approval! shall be entered of record in his said
court and a copy thereof, together with the record of the county
court, shall be certified to the board of supervisors of the said county.
Upon such proceedings being had, and not otherwise, the board of
supervisors is authorized and empowered to issue the bonds of the
said county for such loans, either registered or coupons, in denomi-
nations of one hundred dollars, or multiples thereof. The said
bonds shall be in such form as the board may prescribe, shall be
signed by the chairman of the said board, countersigned by the
clerk of the board, and sealed with its seal; shall bear a rate of in-
terest not exceeding six per centum per annum, payable semi-
annually; to be payable not exceeding thirty years after date, and
redeemable after such time as the said board may prescribe. If
coupon bonds are issued, they shall be payable to bearer, and shall
have coupons attached for the semi-annual instalments of interest.
No bonds issued under this act shall be sold at less than par.
2. The board of supervisors shall annually include in the levy
upon the property and lawful subjects of taxation in said county, a
a part of the annual county levy, a sum and tax sufficient to pay th
interest on said bonds, and in such manner as they may deem bes
create a sinking fund sufficient to pay the said bonds at or before
maturity.

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