Chap. 131.—An ACT to authorize the supervisors of Warren county to borrow
$12,000, to be used in the building of a bridge and approaches thereto over the
south branch of the Shenandoah river at or near Carson’s ford, in said county.

Approved April 4, 1903.

‘1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Warren county be, and it is hereby, empowered to borrow
upon the credit and faith of the county of Warren, and to appropriate
towards the erection of a bridge and approaches thereto over the south
branch of the Shenandoah river, at or near Carson’s ford, in said county,
such sum or sums of money as said board may think proper: provided,
said sum so borrowed and appropriated does not exceed the sum of twelve
thousand dollars.

2. The said board of supervisors may issue the registered bonds of said
county, in sums of one thousand dollars each, or any multiple thereof,
payable in thirty years from their date, or upon call of the said board of
supervisors at any time after twenty years from their date, bearing interest
at not exceeding five per centum per annum, the interest to be paid on
the first day of July and the first day of January of each year. The said
bonds shall be signed by the chairman of the board of supervisors, be
countersigned by the county clerk, and have the seal of the county
attached. .

3. The said bonds, when so issued, may be delivered for negotiation to
such agent or agents as said board of supervisors may select; but before
such delivery of said bonds to said agent or agents, he, or they, as the case
may be, shall execute bond, with good security, in such penalty as the said
board of supervisors may think reasonable, conditioned for the faithful
discharge of their trust as such agent or agente.

4. Said bonds shall be negotiated at not less than par, and the proceeds
thereof shall be paid into the hands of the treasurer of Warren county,
to be held, and paid out by him, upon the order of the board of super-
visors; and the said treasurer, and the sureties on his official bond as such
treasurer, shall be held responsible for said money in the same manner as
for other county funds coming into his hands. For his services in re-
ceiving and paying out said money the said treasurer shall receive two per
rentum on the amount so received and paid out. The agent, or agents,
if any be appointed under section three of this act, shall receive such
‘ompensation for his or their services herein as may be agreed upon by
hem and the board of supervisors of said county, not exceeding two per
entum upon the’amount of bonds negotiated.

5. The board of supervisors of said county of Warren shall embrace in.
heir annual levy a sum sufficient to pay the annual interest on said bonds ;
ind shall also provide by levy, from year to year, a sinking fund of not
xeeeding ten cents on the one hundred dollars of taxable property within
he said county; which sinking fund shall be securely invested by said
card of supervisors, in such securities as they may think safe, the same to
¢ applied to the payment of said bonds at the time when they may be
vavable.

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