Chap. 307.—An ACT to authorize the board of supervisors of the county of
juneonurg to borrow six thousand dollars to put the county on a cash
asis.
Approved February 12, 1896.

1. Be it enacted by the general assembly of Virginia, That it may
be lawful for the board of supervisors of the county of Lunenburg,
in its discretion, to borrow a sum of money not to exceed six thou-
sand dollars to put the county on a cash basis; and the said board
is authorized and empowered to issue the bonds of the county for
said loan, either registered or coupons, in such denominations as
the said board may determine.

2. The bonds authorized to be issued by this act 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 interest not exceeding six per
centum per annum, payable semi-annually, to be payable not ex-
ceeding ten 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 installments of interest. No bonds issued under this act
shall be sold at lesa than par.

3. The board of supervisors shall annually include in the levy
upon the property and lawful subjects of taxation in said county, as
a part of the annual county levy, a sum and tax sufficient to pay the
interest on said bonds, and in such manner as it may deem best
create a sinking fund sufficient to pay the said bonds at or before
maturity.

4, But nothing in this act shall be construed to compel said board
to issue any bonds under this act until a majority of said board has
determined to do so at a regular meeting of the board, or at a called
meeting thereof, regularly called as now provided by law.

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