Chap. 101.—An ACT to authorize the board of supervisors of Botetourt county
to deposit, or invest, the sinking fund provided for the purpose of paying
off the bonds of said county, and to collect and reinvest the same and the
interest accruing thereon, so often as may be necessary or expedient, until
said bonds become payable, or subject to call.

Approved March 8, 1906.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Botetourt county be, and it is hereby, authorized and
empowered to apply any or all part of the sinking fund collected for the
purpose of paying off the bonds of said county to the payment or pur-
chase, at such price as it may deem expedient, of said bonds at any time;
and al] bonds so paid off or purchased by said board of supervisors shall
be immediately cancelled, and shall not be reissued. And said board of
supervisors is authorized and empowered to deposit in bank at interest,
or to invest in State bonds or other securities all other accumulations of
money to the credit of said sinking fund, provided as aforesaid for the
payment of the bonds of Botetourt county, and to collect and reinvest the
same and the interest accruing thereon from time to time, so often as
may be necessary or expedient, until said bonds become payable or sub-
ject to call.
2. The treasurer of said county shall invest or deposit said sinking
fund when ordered to do so by said board of supervisors, taking such
securities or other evidences thereof as he shall be directed by said board
to take; and he shall collect said deposits or investments when ordered to
do so by the said board, but he shall receive no additional compensation
from the said board or county for any services hereunder.

3. In order that the said sinking fund, a large amount of which is now
in the treasury of said county, may become immediately available under
this act, this is declared to be an emergency act, and shall be in force
from its passage. ;