Chap. 221.—An ACT to authorize and empower the board of supervisors of
Culpeper county to borrow not exceeding twenty thousand dollars, for the
purpose of resurfacing and patching Madison road between the corporation
line and Salem district line in Catalpa magisterial district of said county;
and to require the said board to levy a tax to pay the interest thereon and
to create a sinking fund to redeem the principal thereof at ma

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Approved March 15, 1922.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Culpeper county be, and it is hereby author-
ized and empowered to borrow a sum not exceeding twenty thousand
dJollars for Catalpa magisterial district in said county, the proceeds
of said loan to be used for the purpose of resurfacing and patching
Madison road between the corporation line and the Salem district
ine.

2. The said loan shall be effected by issuing the bonds of said
‘ounty, signed by the chairman of the said board of supervisors and
‘ountersigned by the clerk thereof, in denominations of one hundred
lollars or multiples thereof, payable in not exceeding twenty years
ifter the date thereof, with coupons attached for the semi-annual
ayment of interest at a rate of interest not exceeding six per centum
yer annum; provided, however, that any or all of the said bonds
hall, by the terms thereof, be made redeemable at the discretion
f the said board at any time after the expiration of five years from
he date of issue.

3. After issuing the bonds, provided for in this act, when the
irst levy is made by the board of supervisors a tax shall be levied
n all property, subject to taxation in Catalpa magisterial district
n said county, including property within the town of Culpeper, to
ay interest on the bonds so issued and to create a sinking fund to
redeem the principal thereof at maturity; and from year to year
such levies shall be made on such property in said district until such
debt, together with the interest thereon is paid, the said levy not to
exceed the rate provided by law.

4. An emergency existing, this act shall be in force from its
passage.