Chap. 123.—An ACT to authorize the board of supervisors of Stafford county
to issue bonds to raise the funds necessary to pay off certain bonds
issued in 1886, known as Falmouth Bridge bonds. (H. B. 130)

Approved March 18, 1915.

Whereas, in pursuance of an act of the legislature approved February
ninth, eighteen hundred and eighty-two, entitled an act to establish a
ferry or bridge across the Rappahannock river at or near the town of
Falmouth, as amended by act approved March eighteen, eighteen hun-
dred and eighty-four, entitled an act to amend an act entitled an act to
establish a ferry across the Rappahannock river at or near the town of
Falmouth, approved February ninth, eighteen hundred and eighty-two,.
as amended by chapter eighteen hundred and eighty-three of the acts
of eighteen hundred and eighty-five and eighty-six; the board of super-
visors of Stafford county did issue certain bonds for the purpose of
building a bridge across the Rappahannock river near Falmouth which
bonds become due and payable January first, nineteen hundred and
sixteen; and

Whereas, the sinking fund which has been set aside to pay the said
bonds and other funds available for paying the said bonds are not suffi-
cient to pay off all of them and the board of supervisors of Stafford
county desires to issue new bonds to raise sufficient funds to pay off the
outstanding bonds;

Therefore, be it enacted by the general assembly of Virginia, That
the board of supervisors of Stafford county be and it is hereby auth-
orized to issue coupon bonds to an amount not exceeding fifteen thousand
dollars ($15,000) in suitable and convenient denominations, the pro-
ceeds of which shall be used to pay off the said outstanding Falmouth
bridge bonds; the said bonds to be signed by the chairman of the board
of supervisors and countersigned by the clerk of the said board with the
seal of the said board of supervisors attached thereto, shall bear date
January first, nineteen hundred and sixteen, and shall bear interest at
a rate not exceeding five per cent (5%) which interest shall be payable
semi-annually on the first day of July and on the first day of January
of each year and said bonds shall not be sold at less than par and the
said bonds to mature at such time or times as the board of supervisors
may deem best not exceeding ten (10) years from date. .

The said board of supervisors of Stafford county shall lay a levy on
the property within the county to create a sinking fund sufficient to
pay off these bonds within ten (10) years which levy shall be high enough
to raise at least the sum of five hundred dollars ($500.00) per annum,
to be used either as a sinking fund or to be applied to the payment of
so many of the bonds each year as they may become due.