CHAP. 167.—An ACT to authorize the board of supervisors of Mecklen-
burg county, Virginia, to designate depositories for the proceeds aris-
ing from the sale of permanent road improvement bonds, issued by
them for the improvement of roads in Bluestone magisterial district
in said county and to make contracts for the payment of interest
thereon by said depositories. (S. B. 320.

Approved March 11, 1916.

Whereas, by an act approved March fifteenth, nineteen hun-
dred and _twelve, the board of supervisors of Mecklenburg
county, Virginia, are authorized to designate depositories for
the proceeds arising from the sale of permanent road improve-
ment bonds and to make contracts for the payment of interest
thereon; and

_ Whereas, the provisions of said act have been carried out
with reference to such bonds issued for said purposes in all of
the magisterial districts of said county except Bluestone magis-
terial district.

Whereas, it is desirable that such funds shall be deposited,
so as to earn interest instead of remaining idle until actually
needed in the construction of roads and bridges in the said
Bluestone magisterial district; therefore,

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the board of supervisors of Mecklenburg
county and the said board of supervisors of the said county of
Mecklenburg, Virginia, be and they are hereby authorized and
empowered, in their discretion, to designate such banks as they
may choose as places of deposit for the proceeds of the sale of
such bonds as may have been issued for the permanent improve-
ment of the roads of Bluestone magisterial district in said
county, or any portion of said proceeds, upon such terms and
upon such agreement for the payment of interest on such bonds,
as may be agreed on by such board of supervisors and such de-
positories.

And it shall be the duty of the treasurer of said county, upon
a resolution or order of the said board of supervisors to transfer
any sum or sums of money in his hands arising from the sale
of such bonds or such portion thereof as the said resolution of
the said board of supervisors may order, to the said depository
to be named in the resolution of said board, and to pay the same
out upon the orders of the proper authorities according to law.

2. An emergency existing therefor, as set out in the pre-
amble, this act shall become effective and be in force from its

passage.