Chap. 100.—An ACT to authorive the board of supervisors of Page county, Vir
ginia, to issue bonds for the purpose of retiring outstanding bonds.

Approved March 24, 1903.

1. Be it enacted by the general assembly of Virginia, That the boarc
of supervisors of Page county be, and they are hereby, authorized anc
empowered, and it shall be lawful for said board to issue the bonds of the
said county for an amount not to exceed sixty-nine thousand dollars, that
being the amount of the bonds of the said county now remaining unpaid,
which were issued under an act of the general assembly of Virginia, ap-
proved January eleventh, eighteen hundred and ninety, with which to
retire the whole, or any part, of the outstanding bonds of said county so
issued as aforesaid; said bonds to be issued each for one thousand dollars,
and to bear interest at not a greater rate than four per centum per annum,
payable semi-annually at the First National Bank of Luray, Luray, Vir-
ginia, or at the Hanover National Bank, of New York city, New York,
for which coupons shall be issued, payable semi-annually, May first and
November first, of each year; said bonds to be so issued as to be payable
at either of said banks, as follows:

Two bonds, each for one thousand dollars, payable May first, nineteen
hundred and four; two bonds, each for one thousand dollars, payable Mav
first, nineteen hundred and five; three bonds, each for one thousand dol-
lars, payable May first, nineteen hundred and six; three bonds, each for
one thousand dollars, payable May first, nineteen hundred and seven;
three bonds, each for one thousand dollars, pavable May first, nineteen
hundred and eight; three bonds, each for one thousand dollars, payable
May first, nineteen hundred and nine; three bonds, each for one thousand
dollars, payable May first, nineteen hundred and ten; three bonds, each for
one thousand dollars, payable May first, nineteen hundred and eleven;
three bonds, each for one thousand dollars, pavable May first, nineteen
hundred and twelve; four bonds, each for one thousapd dollars, payable
May first, nincteen hundred and thirteen; four bonds, each for one thou-
sand dollars, pavable May first, nineteen hundred and fourteen; four
bonds, each for one thousand dollars, payable May first, nineteen hundred
and fifteen; four bonds, each for one thousand dollars, payable May first,
nineteen hundred and sixteen; four bonds, each for one thousand dollars,
payable May first, nineteen hundred and seventeen; four bonds, each for
one thousand dollars, payable Mav first, nineteen hundred and eighteen ;
four bonds, each for one thousand dollars, pavable Mav first, nineteen
hundred and nineteen ; four bonds, each for one thousand dollars, pavable
May first, nineteen hundred and twenty; four bonds, each for one thou-
sand dollars, payable May first, nincteen hundred and twenty-one; four
bonds, each for one thousand dollars, pavable May first, nineteen hundred
and twenty-two; four bonds, each for one thousand dollars, payable May
first, nineteen hundred and twenty-three.

2. The bonds of the county outstanding and unpaid, being now pay-
able and bearing interest at the rate of five per centum per annum, and
the opportunity being offered to refund these bonds into bonds bearing
interest at the rate of four per centum per annum, and the condition
imposed of prompt acceptance, the emergency thus created calling for
immediate action, this act shall be in force from its passage.

3. All acts and parts of acts inconsistent with this act are hereby re-
pealed.