Chap. 289.—An ACT to authorize the board of supervisors of the county of
Lunenburg to borrow six thousand dollars, said bonds to be used exclu-
sively for the purpose of paying off the present bonded debt of the county
as it becomes due.
thorized and empowered to issue the bonds of the county for said loan,
either registered or coupons, in such denomination 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,
pavable semi-annually, to be payable not exceeding ten years after date.
and redeemable after such time as the said board may prescribe. If
coupon bonds are issued they shall he pavable to bearer, and shall have
coupons attached for the semi-annual instalments of interest. No bonds
issued under this act shall be sold at less 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
stdlicient to pay the said bonds at or before maturity.

+. 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 de-
termined to do so at a regular meeting of the board, or at a called meeting
thereof, regularly called as now provided by law.

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