An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1922 |
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Law Number | 471 |
Subjects |
Law Body
Chap. 471.—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 Samuel Miller magisterial district of said
county, and to levy a special district tax in said district to pay said bonds
and the interest thereon. (S B 422]
Approved March 27, 1922.
t. Be it enacted by the general assembly of Virginia, That the
hoard of supervisors of Albemarle county be, and is hereby, author-
ized to negotiate a loan from time to time and issue bonds of said
county therefor, for an aggregate amount not exceeding fifty thous-
and dollars ($50,000.00), to be used in the permanent improvement
and maintenance of the public roads in Samuel Miller magisterial
district of said county, leading from State highway number nine
(9) at Brownsville to the Miller school in Samuel Miller district.
2. That the bonds to be issued hereunder shall bear interest
at the rate of not more than five per centum (5%) 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 have the seal of said board attached and attested
by the clerk of said board, and shall be in such denomination and
payable at such time or times as the board of supervisors may elect,
and said bonds shall not be sold at less than par, 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 district
in the county of Albemarle known as Samuel Miller magisterial
istrict.”
3. The board of supervisors of Albemarle county, after said
loan has been negotiated and the 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 a levy at a rate not in conflict with general
law in that part of said county known as Samuel Miller magisterial
district, sufficient to meet the interest on said bonds as it matures,
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. For the reason that an emergency exists in this district this
act shall be in force from its passage.