Chap. 76.—An ACT to amend and re-enact an act approved March 20, 1916,
entitled an act to authorize the board of supervisors of Wise county to
invest, use and apply any part of the sinking fund created and set apart
for the purpose of redeeming the principal of the $700,000 issue of thirty-
year Wise county road bonds, dated February 1, 1911, in and to the
purchase and holding of any part or parts of the $130,000 issue of thirty-
year Wise county road bonds issued for the Richmond magisterial district,
dated March 1, 1913; and in and to the purchase and holding of any part
or parts of the $130,000 issue of Wise county road bonds issued for the
Gladeville magisterial district, dated March 1, 1913, and to grant to the
board of supervisors of said county the additional authority to invest, use
and apply any part of said sinking fund, and any part of any sinking
fund now or hereafter created and set apart for the purpose of redeeming
the principal of any road bonds of said county now or hereafter issued
for the said county, or for any of the magisterial districts thereof, in and
to the purchase and holding of any part or parts of such county or district
road bonds, now or hereafter issued, and in and to the purchase and
holding of any school bonds now or hereafter issued by any school district
of said county. (H B 184]

Approved February 28, 1918.

I. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Wise county, in addition to the power and
authority now vested in it by law for investing, using and applying
the sinking fund created and set apart to redeem the principal of the
seven hundred thousand dollars ($700,000) issue of thirty-year Wise
county road bonds, dated February first, nineteen hundred and
eleven, and the sinking funds which have been, or which may be here-
after, created and set apart to redeem the principal of any road bonds
of said county which have been, or which may be hereafter, issued
for said county, or for any of the magisterial districts thereof, shall
have the further power and authority to invest, use and apply any
part of any of said sinking funds which have been, or which may be
hereafter, created and set apart, in and to the purchase and holding
of anv part or parts of any such road bonds which have been, or
which may be hereafter, issued by said county for the said county,
or for any of the magisterial districts thereof, and in and to the
purchase and holding of any part or parts of any school bonds which
have been, or which may he hereafter, issued for any of the school
istricts of the said county.

2. All of such bonds so purchased and held shall become and
he part and parcel of the sinking fund, out of which they may be
purchased, and so long as said board of supervisors of Wise county
shall hold such bonds, purchased in and as a part of any of said
‘inking funds, interest shall be paid thereon and set apart to the
credit of the sinking fund, out of which such purchase is made, out
of the taxes levied to pay the interest on such bonds; but nothin
m this act contained shall prohibit the said board of supervisors o
Wise county from purchasing and paying for any of such county
or district road bonds so purchased and held out of and with the
funds set apart. as a sinking fund for the payment of the principal
of such county or district road bonds, as provided by law, provided
such purchase is made at not less than par and accrued interest.

3. All acts and parts of acts in conflict with this act are hereby
repealed.