Chap. 282.—An ACT to empower the board of supervisors of the county of Isle of
Wight to borrow money to purchase team and appliances to work the public
roads of said county and issue bonds therefor.

Approved February 9, 1898.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of the county of Isle of Wight, be, and they are hereby,
empowered to borrow a sum of money, not exceeding two thousand
dollars, for the purchase of team and appliances to work the public roads
of said county and to issue the bonds of the said county for the loan
thereof. The said bonds shall be either registered or coupon, in denomi-
nations of one hundred dollars each or multiples thereof, in such form
as the said board may prescribe ; shall be signed by the chairman of the
said board, countersigned by the clerk thereof; shall bear interest at a
rate not exceeding six per centum per annum, payable semi-annually,
and shall he pavable not exceeding ten years after date, redeemable at
such time or times as the said board may prescribe ; but no bonds issued
under this act shall be sold or negotiated at less than par.

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

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