Chap. 34.—An ACT to authorize the board of supervisors of Wise county to
issue bonds or other obligations of said county on behalf of Roberson
magisterial district thereof for a sum not exceeding $100,000.00, for the
purpose of financing the construction of that section of the secondary line
of route number eleven of the State highway system from Pound to the
Dickenson county line at George’s Fork Gap, and to levy taxes to pay the
interest thereon and to create a sinking fund for the payment of the
principal of said bonds at maturity. [H B 34]

Approved February 17, 1922.

Whereas, the board of supervisors of Wise county, by resolution
adopted on the tenth day of January, nineteen hundred and twenty-
two, has declared it to be the desire of Roberson magisterial district
of said county to immediately improve that section of the secondary
line of route number eleven of the State highway system from Pound
to the Dickenson county line at George’s Fork Gap within said district
in accordance with the terms and provisions of chapter one hundred
and eighty-four of acts of the general assembly of Virginia of nine-
teen hundred and twenty, and has requested the general assembly
of Virginia to grant to the said board the power to issue and sell
bonds or other obligations of said county on behalf of said district
for such purpose; therefore,

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Wise county be, and it is hereby, authorized
and empowered, in its discretion, to proceed immediately, or from
time to time, as it may deem expedient, to issue bonds or other obli-
gations of Wise county, for and on behalf of Roberson magisterial
district of said county, not exceeding in the aggregate the sum of one
hundred thousand dollars, for the purpose of providing funds to
finance the construction of that section of the secondary line of route
number eleven of the State highway system from Pound to the
Dickenson county line at George’s Fork Gap within said magisterial
district, in accordance with the provisions of chapter one hundred
and eighty-four of acts of the general assembly of Virginia of nine-
teen hundred and twenty; such bonds or obligations to be payable
or redeemable at such time or times, not exceeding thirty years,
from the date of issue, and to bear interest payable at such times
and at such rate, not exceeding six per centum per annum, and to
be in such denominations, and either coupon or registered, as the
said board of supervisors may determine. There shall be printed
in the face of said bonds or obligations the following: “These bonds
(or obligations) are issued for the purpose of financing road con-
struction in Roberson magisterial district of Wise county, but the
full faith and credit of Wise county is pledged for the payments
of the interest thereon and the principal thereof at maturity.” The
sale of such bonds or obligations may be conducted and effected
in such manner as the said board of supervisors may determine;
provided they shall not be sold at less than their par value.

2. The said board of supervisors shall annually levy a tax upon
all the property within the said magisterial district subject to taxa-
tion for such purpose, including such property located, or the situs
whereof for taxation may be within the limits of all the incorporated
towns of said magisterial district, at such rate as will be sufficient
to pay the interest on said bonds, or obligations, and to create a
sinking fund for the payment of the principal thereof at maturity.

3. By reason of the fact that the public interest requires that
said road work be commenced as soon as possible, an emergency
is hereby declared to exist, and this act shall be in force from
its passage.