Chap. 264.—An ACT authorizing the board of supervisors of Nelson county
to issue bonds, not exceeding in amount $20,000, for the purpose of con-
structing roads and bridges in Lovingston magisterial district of said county.

S B 417]
Approved March 15, 1922.

Be it enacted by the general assembly of Virginia, as follows:

Section 1. The board of supervisors of Nelson county is hereby
authorized and empowered to issue bonds of the said: county, not
exceeding twenty thousand dollars, the proceeds of which are to be
expended for constructing the following roads and bridges:

(a) For paying said county’s half of the expense of building
a bridge over Tye river at New Market, at a cost to the county of
approximately ten thousand dollars.

(b) For building a bridge and the necessary road to the same
across Tye river at Tye River depot, at a cost to the county of
ipproximately five thousand dollars.

(c) For constructing a road from Will’s Cove, near Freshwater,
o the macadam road near C. N. Goodwin’s, at a cost to the county
»f approximately five thousand dollars.

Sec. 2. The said board is authorized to determine whether such
yonds shall be coupon or registered, and when the same shall mature,
ind the rate of interest upon the same, not exceeding six per centum
er annum. The bonds shall be in denominations of one thousand
lollars, or any multiple thereof, and the interest on same shall be
ayable semi-annually.

Sec. 3. The said board shall have authority to levy a special tax
n real estate and tangible personal property in Lovingston magis-
erial district at such rate as is not 1n excess of the rates allowed by
aw for road purposes in the aggregate, for the purpose of paying
nterest on said bonds and creating a sinking fund for their retire-
nent at maturity, or sooner, in the discretion of the board.
Sec. 4. An emergency existing, this act shall be in force from its
passage.