Chap. 224.—An ACT to authorize the board of supervisors of the county of
Elizabeth City to issue bonds not to exceed the sum of sixteen thousand
dollars ($16,000.00) to refund certain bonds heretofore issued by that
county pursuant to an act approved February 4, 1890, and to authorize
and empower the said board to expend such portion as is necessary of a
certain fund now in the hands of the treasurer of said county, and
known as the “sinking fund,” to build a new clerk's office or to repait
or enlarge the present clerk’s office in said county.

Approved March 15, 1910.

Whereas, pursuant to an act of the general assembly of Virginia, ap
proved February fourth, eighteen hundred and ninety, the board of super
visors of Elizabeth City county, Virginia, did, on the first day of Feb
ruary, eighteen hundred and ninety-one, issue, among others, thirty-twe
“bridge bonds,” series D, of the denomination of five hundred dollar
each, each and every of which said bonds were dated the first day o
July, eighteen hundred and ninety-one, and each and all of said bond
will become due and payable on the first day of July, nineteen hundred
and eleven; and

Whereas, there is not a sufficient sinking fund in the hands of the
treasurer of said county to pay all of said bonds, and it becomes neces-
sary to refund the same, or such part thereof as may appear necessary
to the board of supervisors of said county; and

Whereas, the clerk’s office of said county is in need of repairs and en-
largement, as the fireproof space for keeping records has been entirely
utilized ; and ,

Whereas, there is a fund known as the “sinking fund,” in the hands
of the county treasurer, amounting approximately to ten thousand dol-
lars ($10,000.00), with which it was the intention of the said board of
supervisors to pay a number of said bridge bonds so maturing on the
first day of July, nineteen hundred and eleven, but the said board now
deems it necessary and proper tp repair and enlarge a new clerk’s office,
and desires to now use such portion of the said fund known as the “sink-
ing fund” as is necessary for that purpose, and to apply the remainder
thereof to the payment of said bridge bonds and to refund such balance
of said bridge bonds as will not be paid when the same become due;
therefore, :

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Elizabeth City county be, and it is hereby, authorized
and empowered to use the whole, or such portion as to it seems neces-
sary, of the “sinking fund” hereinabove referred to, in the hands of the
treasurer of said county, for the purpose of building a new clerk’s office
or enlarging or repairing the present county clerk’s office of said county.
The board of supervisors of Elizabeth City county is further authorized
and empowered to issue bonds for a sum not exceeding sixteen thou-
sand dollars ($16,000.00) upon the faith and credit of said county, for
the purpose of refunding the bridge bonds heretofore issued by said
eounty, and hereinabove referred to, which mature July first, nineteen
hundred and eleven: provided, however, that none of such bonds shall
bear interest at any greater rate than six per centum per annum and
shall not be sold for less than their par value: and provided further,
that such bonds, or any of them, shall be issued in such series and for
such length of time, or for different lengths of time, and shall be payable
or redeemable at such time or times as the board of supervisors of Eliz-
abeth City county shall determine.