Chap. 154.—An ACT to amend and re-enact an act entitled an act to authorize the
board of supervisors of Botetourt county to borrow $9,000 for the purpose of
building a bridge across James river in that county, approved March 29, 1902,
so as to authorize the said board to borrow $12,000 for the purpose aforesaid,
and to issue bonds of the said county therefor.

Approved April 14, 1903.

1. Be it enacted by the general assembly of Virginia, That an act en-
titled an act to authorize the board of supervisors of Botetourt county to
borrow nine thousand dollars for the purpose of building a bridge across
James river in that county, approved March twenty-ninth, nineteen hun-
dred and two, be amended and re-enacted so as to read as follows:

§ 1. That the board of supervisors of the county of Botetourt be, and
hereby is, authorized and empowered to borrow a sum of money not ex-
ceeding twelve thousand dollars for and in the name of the said county, to
be expended in the erection and construction of a bridge across James
river at Glen Wilton, in said county, and to issue bonds of said county for
the loan thereof; and they may appoint an agent, or agents, to negotiate
the loan of the said sum of money. Said bonds may be either registered or
with coupons attached, as said board of supervisors may prescribe; shall
be signed by the chairman of the said board of supervisors, and: counter-
signed by the clerk thereof; shall be in denominations of one hundred
dollars, or some multiple thereof; shall bear interest at a rate not exceed-
ing five per centum per annum, payable annually at the office of the treas-
urer of said county, and shall be payable not exceeding twenty years from
the date thereof at said office, but may, in the discretion of said board, be
redeemable at such time or after such period as the said board may pre
scribe; but no bonds issued under this act shall be sold or negotiated at
less than par.

§ 2. At the time at which the said board of supervisors makes its levy
for the said county it shall levy on all the property in said county liable
to State tax and county levy, such tax to pay the interest on the bonds
of the county so issued, and to create a sinking fund to redeem the prin-
cipal thereof, as said board of supervisors may deem necessary or proper,
but such levy for a year shall not exceed the interest on the whole debt
and one-tenth of the principal thereof.

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