Chap. 8.—An ACT to authorize the board of supervisors of Charlotte county
to borrow money for the purpose of purchasing real estate and building
a bridge, and to issue bonds and provide for the payment of the same.

Approved February 1, ‘1901.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Charlotte county be, and they are, hereby authorized to
borrow a sum of money not exceeding the sum of nine thousand dollars
in the name and on behalf of Charlotte county.

2. The said board of supervisors are authorized to issue bonds in the
name and on behalf of Charlotte county for a sum not exceeding nine
thousand dollars for the purpose of borrowing said sum. Said bonds
shall be either registered or coupon bonds, in such denominations and
otherwise in such form as the said board of supervisors shall prescribe.
They shall be made payable as to interest and principal at such time and
place as the board of supervisors shall prescribe. They shall bear in-
terest at the rate of four per centum per annum, payable semi-annually.
Said bonds shall be issued in the name of Charlotte county, shall be
signed by the chairman of the board of supervisors of said county, at-
tested by the clerk of said board, and shall have affixed to them the seal
of Charlotte county.

3. The said board of supervisors are authorized to sell said bonds in
such manner as they may deem best, but no bond shall be sold for less
than the par value thereof.

4. The money realized from the sale of said bonds shall be used for the
purposes following—to-wit: The sum of seven thousand dollars for the
purchase of a tract of land within the limits of said county of Charlotte,
to be selected by said board of supervisors and dedicated to the use of the
department of agriculture of the State of Virginia, and the residue
thereof for the construction of a bridge across Staunton river, between
the counties of Charlotte and Halifax.

5. The said board of supervisors shall provide for the payment of the
principal and interest of said bonds by levying taxes on all property
within said county which is subject to taxation for county purposes.

6. Said bonds shall be exempt from all taxation by said county.

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