Chap. 445.—An ACT to authorize the board of supervisors of Albemarle county
to negotiate a loan and issue bonds of said county for the purpose of im-
proving the public highways in Scottsville magisterial district and Charlottes-
ville magisterial district of said county, and to levy a special district tax
in said districts to pay said bonds and the interest thereon. {H B 290]

Approved March 24, 1920.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Albemarle county be, and is, hereby author-
ized to negotiate a loan and from time to time to issue bonds of
said county therefor for an aggregate amount, not exceeding five hun-
dred thousand dollars, to be used in the permanent improvement
and maintenance of the public road in Scottsville magisterial district
and Charlottesville magisterial district of said county, leading from
Scottsville to Carter’s bridge, and from Carter’s bridge running west
of Carter’s mountain to Charlottesville.

2. That the bonds to be issued hereunder shall bear interest at
the rate of not more than five per centum per annum, payable semi-
annually, shall be issued by the board of supervisors of such county
and shall be signed by the chairman of said board of supervisors
and attested by the clerk of said board, and shall be in such denomi-
nations and payable at such time or times as the board of supervisors
may elect, and each of said bonds issued hereunder shall have written
or printed on the face thereof the following words, to-wit: “This
bond and the interest thereon is to be paid by a special tax to be
levied on the districts in the county of Albemarle known as Scotts-
ville magisterial district and Charlottesville magisterial district.”

3. The board of supervisors of Albemarle county, after said loan
has been negotiated and said bonds issued, when the county levy
is made or imposed in said county, shall levy a tax on all property
now or hereafter liable to county levy in those parts of said county
known as Scottsville magisterial district and Charlottesville magis-
terial district, sufficient to meet the interest on said bonds as it ma-
tures and to create a sinking fund to pay the principal thereof, the
amount of said sinking fund to be fixed by said board, and to be
invested by the treasurer of said county under the supervision and
direction of said board of supervisors in such manner as said board
may direct until the same shall be needed to pay the principal of said
bonds and shall then be used for that purpose, and from year to year
said levy or assessment shall be made as long as it may be necessary
to meet said interest and to provide for the payment of the principal
of said bonds and no tax shall be levied for the purpose of paying any
bonds under this act, nor the interest thereon, in any other part of
said county. - |

4. All acts and parts of acts inconsistent with this act are hereby
repealed. | :

Chap. 446—An ACT to validate, ratify, approve and confirm certain bonds
issued or to be issued by the town of Orange, Virginia, and an election held
in said town on the second day of July, 1919, authorizing the issuing of
the said bonds for providing a water supply for said town. [H B 253]

Approved March 24, 1920.

Whereas, at an election held on the second day of July, nineteen
hundred and nineteen, in the town of Orange, a municipal corpora-
tion, in the county of Orange, State of Virginia, a majority of the
qualified voters of the said town voting on the question of issuing
bonds for the purpose of providing and furnishing a water supply
for the said ‘town, voted in favor of the same and authorized the
issuance of bonds of the said town to the amount of seventy thou-
sand dollars ($70,000.00) ; therefore, |

1. Be it enacted by the general assembly of Virginia, That the
said election held in the said town of Orange on the second day
of July, nineteen hundred and nineteen, be, and the same is hereby
validated, ratified, approved and confirmed; notwithstanding any de-
fect or irregularity in the calling or holding of the said election, or
in the printing or form of the ballots used in said election. And the
said bonds of the said town issued or to be issued are hereby vali-
dated, ratified, approved and confirmed and declared to be valid and
binding obligations of the said town of Orange.

2. An emergency existing in that the said town of Orange is in
urgent need of funds derived or to be derived from the sale of the
said bonds for the purpose of providing and furnishing a water supply
for said town, this act shall be in force from its passage.