An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1893/1894 |
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Law Number | 410 |
Subjects |
Law Body
Chap. 410.—An ACT authorizing the board of supervisors of Surry county to
borrow money to repair and enlarge the court-house, clerk’s office and jail
of said county, &c.
Approved February 26, 1894.
1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of the county of Surry be, and they are hereby,
authorized and empowered to issue bonds in the name of the said
county of Surry for a sum or sums not exceeding in the aggregate
five thousand dollars, and to sell or negotiate the same in such
manner and at such time or times as they may deem best, and with
the proceeds thereof pay for repairing and enlarging the court-house,
clerk’s office and jail of said county, or such of said buildings as
they may see fit to repair and enlarge. But the said bonds shall not
be sold or negotiated for less than ninety per centum of their face
value.
2. That the bonds issued in pursuance of this act shall be coupon
bonds for not less than one hundred nor more than three hundred
dollars each, payable in not less than four nor more than twenty
years from their respective days of date, and bearing interest, paya-
ble annually, at a rate not exceeding six per centum per annum, and
shall be redeemable, at the option of the said county, at any time
after the expiration of five years from their date. They shall be in
such form as the board may prescribe; shall be signed by the chair-
man of said board, be attested by the clerk of the said board and
shall have the seal of the said board of supervisors affixed thereto.
3. The board of supervisors, and their successors in office, shall
levy upon such subjects of taxation as are or may be liable by law
for county levy a sufficient tax to meet the annual interest upon said
bonds, and in addition thereto, after the third year, sufficient to re-
tire three hundred dollars of the principal of said bonds annually,
until the whole are retired; and the faith and property of the county
of Surry are pledged for the prompt payment of the principal and
interest of said bonds.
4, All moneys realized from the sale or negotiation of said bonds
shall be received by the treasurer of Surry county, and he and his
sureties shall be liable on his official bond for all money so received;
the said moneys to be disbursed solely in payment for repairing and
enlarging the court-house, clerk’s office or jail of said county, and
upon the orders or warrants of the said board of supervisors.
5. The coupons and bonds issued under this act shall be redeema-
ble at the office of the treasurer of Surry county, and shall be can-
celled and destroyed after being paid by him or received for county
taxes, as the coupons may be after their maturity.
6. This act shall be in force from its passage.