Chap. 165.—An ACT to authorize the board of supervisors of Halifax county to
provide for the payment of the interest on the bonds of said county issued
pursuant to an act approved December 9, 1807, and to provide a sinking fund
for the payment of said bonds.

Approved January 31, 1898.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Halifax county be, and it is hereby, authorized and
empowered to levy from year to vear a sum sufficient to pay the annual
interest accruing on the bonds of said county issued by said board of
supervisors, pursuant to an act approved December ninth, eighteen hun-
dred and ninety-seven, and to provide a sinking fund to pay off and
retire said bonds, which levy shall not exceed twenty cents on the hun-
dred dollars of taxable property within the said county; the amount levied
for and set apart as a sinking fund, and the interest accruing thereon,
shall be used for the payment of the principal of said bonds and for no
other purpose; and the said board of supervisors is hereby authorized
and empowered to apply any part or all of said sinking fund to the pay-
ment or purchase of said bonds at any time, and all bonds so paid off
or purchased by said board of supervisors shall be immediately cancelled
and shall not be reissued; and said board of supervisors are authorized
and empowered to lend out upon real or personal security or to deposit
in bank at interest, or to invest in other securities, all accumulations of
money to the credit of said sinking fund: provided as aforesaid for the
payment of the bonds of Halifax county issued under the act approved
December ninth, eighteen hundred and ninety-seven, and to collect and
reinvest the same and the interest accruing thereon from time to time
so often as may be necessary or expedient, until said bonds become pav-
able: provided that no money to the credit of said sinking fund shall be
loaned out, deposited, or invested by said board of supervisors unless
said loan, deposits, or investment, shall be first approved by the county
court of Halifax county, or the judge thereof in vacation, which ap-
proval shall be entered of record in the order book of the said county court.
2. This act shall be in force from its passage.