Chap. 805.—An ACT to authorize the board of supervisors of Sussex county to
provide for the payment of interest on bonds of said connty issued pursuant to
an act approved February 10, 1808S, and to provide a sinking tund tor the pay-
ment of said bonds.

Approved March 3, 1598.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Sussex county be, and itis hereby, authorized and
empowered to levy from year to year a sum suflicient to pay the annual
interest accruing on the bonds of said county issued by said board of
supervisors pursuant to an act approved February tenth, eighteen hun-
dred and ninety-eight, 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 the taxable property within the said county; the amount
levied for and set apart as a sinking fund and the interest accruing there-
on 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 can-
celled, and shall not be re-issued; and said board of supervisors are
authorized and empowered to lend out upon real or personal eecurity,
or to deposit in bank at interest, or to invest in other securities, all ac-
cumulations of money to the credit .of said sinking fund provided as
aforesaid for the payment of the bonds of Sussex county as issued under
the act approved February tenth, eighteen hundred and ninety-eight,
and to collect and re-invest the same and the interest accruing thereon
from time to time so often as may be necessary or expedient, until said
bonds become payable: 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 ap-
proved by the county court of Sussex county or the judge thereof in
racation, which approval shall be entered of record in the order book of
said county court.
2. This act shall be in force from its passage.