Chap. 333.—An ACT to authorize Albemarle county from time to time, as
necessary, to borrow money and issue bonds for a sum not exceeding
$30,000.00, for the purpose of uniting in the building, in the county of
Albemarle, of State money aid roads, as well as roads where private
individuals contribute one-half the cost thereof, and to assist in secur-
ing undergrade crossings under the tracks of the Chesapeake and Ohio
Railway Company and the Southern Railway Company, respectively, in
the county of Albemarle. .

Approved March 17, 1910.

1. Be it enacted by the general assembly of Virginia, That the board
of supervisors of Albemarle county, be, and they are hereby, authorized
to borrow, from time to time as necessary, money not exceeding thirty
thousand dollars, with which to establish and construct on the State
money aid plan improved and permanent highways in the county of Albe-
marle, as well as to contribute one-half of the cost of building in said
county, under the supervision and direction of the State highway com-
missioner, public highways when private individuals contribute the other
half of the cost of same, and also to assist in securing undergrade cross-
ings under the tracks of the Chesapeake and Ohio Railway Company and
of the Southern Railway Company, respectively, in said county.

2. Said loan or loans shall be effected by issuing bonds of the county,
signed by the chairman of said board and countersigned by the clerk
thereof, payable in not more than thirty years after the date of issue of
said bonds; the said bonds to be in denomination of one thousand dollars
and five-hundred dollars each or of either, as the said board may think
best, with coupons attached for the semi-annual interest, and the princi-
pal shall be made to fall due in sums of not less than five hundred dollars
each year, so that all of the bonds shall become due and be paid off in
sums of not less than five hundred dollars each consecutive year after the
payment of them is begun, which shall be on January first, nineteen
hundred and thirteen, or sooner if said board thinks proper

3. The said board of supervisors may fix the rate o: mterest which

said bonds shall bear, but such rate shall not exceed six per centum per
annum.
4. The said board of supervisors shall have full power to negotiate
said bonds through an agent or in any way they think best, and may de-
posit the proceeds in any one or more banks in Charlottesville, Vir-
ginia, subject to their order, pending the application of such proceeds to
the purposes for which they are raised: provided, however, that they shall
not negotiate the six per centum bonds of the county for less than par
value.

5. Whilst such bonds shall be the county bonds for the pavment of
which the county is liable, yet for so much of the money raised from the
proceeds of the sale of such bonds as shall be used in building said per-
manent public highways, exclusive of said undergrade crossings, the
respective road districts of said county shall be primarily liable to the
extent of the amount expended in such district, and in the event that
any of such bonds, the proceeds of which were used to build such high-
ways, are paid out of the general county levy, it shall be reimbursed out
of the district road levy for the district in which such proceeds are
expended.

6. On account of the necessity of immediate use of some of the money
to be raised, especially that for securing undergrade crossings as afore-
said, this act is declared an emergency act, and shall be in force from
its passage.