Chap. 146.—An ACT to authorize the board of supervisors of Botetourt county
to borrow ten thousand dollars for the purpose of refunding bonds
issued by said board of supervisors January 1, 1904, for the purpose of
building a bridge across James river in that county, and to issue bonds of
the said county therefor. {S B 338]

Approved March 9, 1922.

Whereas the board of supervisors of Botetourt county, under an
act of the general assembly of Virginia approved April fourteenth,
nineteen hundred and three, issued certain bonds of the said county
amounting to ten thousand dollars for the purpose of building a
bridge across James river at Glen Wilton, in said county, payable
not exceeding twenty years from their date, and

Whereas said bonds will mature and become payable January
first, nineteen twenty-four. Therefore:

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of the county of Botetourt be, and hereby is,
authorized and empowered to borrow a sum of money not exceeding
ten thousand dollars for and in the name of the said county, to refund
the bonds issued by said board of supervisors, as aforesaid, and to
issue bonds of said county for the loan thereof and they may appoint
an agent, or agents, to negotiate the loan of the said sum of money.
Said bonds may be either registered or with coupons attached, as said
board of supervisors may prescribe, shall be signed by the chairman
of the said board of supervisors; and be countersigned by the clerk
thereof; shall be in denominations of one hundred dollars, or some
multiple thereof; shall bear interest at a rate not exceeding six per
centum per annum, payable semi-annually at the office of the treasurer
of said county, and shall be payable not exceeding twenty-five years
from the date thereof at said office, but may, in the discretion of said
board, be redeemable at such time or after such period as the said
board may prescribe; but no bonds issued under this act shall be sold
or negotiated at less than par. At the time at which the said board
of supervisors makes its annual levy for the said county, it shall levy
on all the real and tangible personal property in said county liable
to State tax and county or district levies, such tax to pay the interest
on the bonds of the county so issued, and to create a sinking fund
to redeem the principle thereof, as said board of supervisors may deem
necessary or proper.