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 | 1901/1902 |
---|---|
Law Number | 573 |
Subjects |
Law Body
Chap. 573.—An ACT to authorize the board of supervisors of Grayson county to
issue bonds and borrow money for the building und repairing of roads in said
county, and to authorize the judge of the county court to order an election to
ascertain the sense of the qualified voters of said county on the question.
Approved April 2, 1902.
1. Be it enacted by the general assembly of Virginia, That the county
court of Grayson county, is hereby authorized and empowered, upon the
request of the board of supervisors of said county, to order an election
therein to take the sense of the qualified voters of said county upon the
proposition to borrow money and issue bonds or other evidences of debt
therefor, not in excess of fifty thousand dollars, for the purpose of build-
ing and improving the public roads in said county. The time of holding
said election to be fixed by said court, which election is to be held in the
usual manner of holding special elections.
2. The form of ballots to be used in sueh election shall be prescribed
by the county court.
3. If the majority of votes cast in said election shall be in favor of
issuing said bonds, then they shall be issued in such denominations as
the board of road commissioners hereinafter mentioned shall determine.
Said bonds to run not exceeding thirty years, and to be redeemable at the
pleasure of the board after ten years from the cate thereof. Said bonds
shall bear interest not excecding five per centum, and shall not be sold
at less than par value. The said bonds shall be coupon bonds, and the
coupons shall be receivable for all taxes due said county. ‘The bonds
shall be signed by the president of the board, and countersigned by the
clerk thereof, and shall be negotiable and sold in the manner to be pre-
scribed by said board of road commissioners.
4. Said board of supervisors shall set apart cach year a sum sufficient
to meet the interest on said bonds, and to create a sinking fund for the
redemption of the principal of said bonds. The board of supervisors
shall levy and collect such an amount of taxes as may be necessary to
comply with the provisions of this act.
5. The board of road commissioners of Grayson county shall consist
of three supervisors of said county and nine freeholders—three from
each magisterial district—to be appointed by the board of supervisors of
said county, who shall reside in the different sections of said districts.
Said freeholders shall execute bond, with security approved by said
county court, for the full amount of all moneys that may go into their
hands.
6. The sum of money borrowed shall be prorated among the three
magisterial districts of said county, as a majority of the board of road
commissioners may direct.
?. he supervisors and the three freeholders of each magisterial dis-
trict shall constitute the board of road commissioners for their respective
districts. They shall elect one of the frecholders to superintend the
opening and repairing of roads, who shall receive such compensation as
said district board may prescribe.
8. When thie moncy is apportioned to the respective districts and placed
in the bank to the credit of the district board, it shall be paid out on
checks to be signed by the said superintendent of the district, who shal]
make report to the district board as often and in such manner as said
board shall determine.
9. The nine freeholders appointed as hereinbefore mentioned, together
with the three supervisors of said county, shall constitute the county “board
of road commissioners. This board shall elect one of their number presi-
dent and another member clerk, who shall sign and countersign said
bonds as hereinbefore provided.
10. A majority of said board shall constitute a quorum for the trans-
action of business.
11. Application for opening new roads and changing location of old
roads shall be made under existing laws, and said roads shall be main-
tained and kept in order in each district in the manner prescribed by the
respective district boards as may not conflict with the laws of the State.
12. All acts or parts of acts in conflict herewith are to that extent
hereby repealed.
13. This act shall he in force from its passage.