Chap. 209.—An ACT to authorize, empower and require the board of supervisors
of Grayson county to borrow the sum of sixty thousand ($60,000.00) dollars,
and to issue bonds therefor, for the surveying, repairing, improving, con-
structing and hard-surfacing certain roads and bridges in Old Town magis-
terial district of said county; to provide for the expenditure of the funds
raised by such bond issue; to authorize the employment of a compctent road
engineer, whose selection must be approved by the State Highway Com-
mission; to specify the roads and parts thereof to be surveyed and con-
structed and the amounts to be expended thereon; to provide for imposing a
tax on all property, county and district, including property in any incor-
porated town situated within the above -named district, for the purpose of
paying the interest and principal of such debt; to do all things necessary,
needful or incidental to the main purpose of this act; and to declare an
emergency. [S B 312]

Approved March 19, 1926.

1. Be it enacted by the general assembly of Virginia, That the
board of supervisors of Grayson county, be, and it is hereby author-
ized, empowered and required to issue bonds in the name of the county
of Grayson for the purpose of surveying, repairing, constructing,
improving and hard-surfacing certain roads and building bridges
thereon in Old Town magisterial district, as hereinafter set forth; to-
wit: the sum of sixty thousand ($60,000.00) dollars, for Old Town
magisterial district in said county of Grayson.
2. The board of supervisors are authorized, empowered, and are
hereby required, after issuing said bonds, when the next levy is made,
or tax imposed in said county, to levy a tax on all property liable to
county and district tax in Old Town magisterial district, Grayson
county, in which the proceeds of the bonds have been or are to be
expended, including such property located on the situs of which for
taxation is within the limits of any incorporated town, situated
within such district, to pay the interest on said bonds so issued and to
create a sinking fund to redeem the principal of said bonds at maturity.

3. The said bonds, when issued, shall be delivered to the treasurer
of Grayson county, and when said bonds are sold he shall deliver the
bonds to the purchaser or purchasers and these bonds shall be sold
and marketed as now provided by general law for the sale and mar-
keting of county road bonds. The said bonds when issued, shall be
signed by the chairman of the board of supervisors and countersigned
by the clerk of said board and the seal of the board afhxed; these bonds
shall be issued in serial number and shall be payable from five to
fifteen years, one-tenth of the principal of said bonds shall become
due and payable every year after the expiration of five years; no part
of the principal of said bonds shall be due or become payable until
after five years from date of issue, the interest on the bonds however
shall become due and payable semi-annually. Six thousand ($6,000.00)
dollars par value of the bonds issued for said Old Town magisterial
district shall be paid off and retired each year, after the expiration of
said five years.

4. The said board of supervisors are hereby authorized, em-
powered and required to make, issue and sell all of said bonds author-
ized and directed to be issued by this act, and all of said bonds shall
be issued and sold and all work done and completed on said roads and
bridges mentioned in this act by September first, nineteen hundred
and twenty-seven, but no bonds shall be sold for less than par value
thereof, and shall not bear a greater interest than six per centum per
annum, interest to be paid on the said bonds semi-annually, bonds
to be issued in denominations of not less than one hundred dollars,
and not more than one thousand dollars.

5. All money realized from the sale of said bonds under the pro-
visions of this act, shall be received by the treasurer of said county
and he shall keep the money separate from any other money that may
come into his hands as treasurer, and for his services, required of him
by this act, he shall be paid according to law.

6. The board of supervisors of the county of Grayson shall issue
and make sale as hereinbefore stated, bonds in the sum of sixty
thousand ($60,000.00) dollars, for the Old Town magisterial district
in said county, but the full faith and credit of the entire county of
(Grayson is to be pledged to the payment of all the said bonds and
interest on the same.

7. The board of supervisors of the said county of Grayson, shall,
at their next monthly meeting after the passage of this act, pass a
resolution authorizing the issue of said bonds and the purpose for
which said bonds are to be issued, and when said bonds are issued they
are to be made payable to bearer, and shall be negotiable and each
bond shall state when due and payable and shall be made payable at
the office of the treasurer of Grayson county; and said board of super-
visors shall cause to be printed on each bond the name of the magis-
terial district for which it is issued, but that the full faith and credit
of the entire county of Grayson is pledged to the payment of said
bonds and the interest on the same and that said bonds are issued in
pursuance of a resolution of the board of supervisors of Grayson
county, and in pursuance of authority, empowering, directing and
requiring the board of supervisors of the county of Grayson to issue
said bonds and to market said bonds as the law requires and in pur-
suance of this act.

8. The supervisors of said Old Town magisterial district of said
county of Grayson in conjunction and under the supervision of said
road engineer, mentioned in this act is hereby authorized, empowered
and required to expend by September first, nineteen hundred and
twenty-seven, the money from the sale of the bonds of said magisterial
district on the roads specifically mentioned and described in -said
district and shall keep an itemized account of all work done and
money expended in the construction, surveying, repairing, improving
and hard-surfacing the roads and bridges on said roads designated
in his magisterial district.

9. The supervisor of Old Town magisterial district shall make
out an itemized account of all work done by him or under his charge
or direction, showing the teams, tools, implements and machinery
used and the number and names of the laborers employed, dates on
which the work was done, and the number of hours worked by each
laborer and shall then issue a warrant on the treasurer of Grayson
county, and give the same to the person performing the labor, and the
treasurer of the county shall pay the same out of the funds arising
from the sale of said bonds of the said Old Town magisterial district
in which the work and labor has been performed. _.

10. The said board of supervisors shall cause to be kept by the
clerk of the board of supervisors, a book in which.an itemized account
of all work done, and all money expended on the roads and bridges
mentioned in this act and published in the manner provided by law
for the publication of other expenditures. The board of supervisors
shall devise a system of bookkeeping, in order to carry out the in-
tention of this act, and require the clerk of said board to keep said
books as directed and also require the treasurer of said county to keep
his books in accordance with rules and regulations laid down by them;
the clerk of said board shall be paid the sum of two hundred dollars
for his services required of him by this act.

11. The supervisor of the Old Town magisterial district in con-
junction with the road engineer mentioned in this act shall construct,
survey, improve, repair and hard-surface the following roads and
bridges thereon in said magisterial district, and none other, out of the
funds derived from the sale of the bonds of said magisterial district
and shall expend on each road herein mentioned of said funds, the
following amount to wit:
(a) The sum of forty-five thousand ($45,000.00) dollars on the
public road leading from Galax to the North Carolina line at Low
Gap, by way of Robert Winsett’s store. This road must be hard-
surfaced. ,

(b) The sum of fifteen thousand ($15,000.00) dollars on the
public road leading from the North Carolina line, near Ennice, North
Carolina, intersecting the Baywood and Galax road about two hundred
yards west of M. P. Phipp’s dwelling, by way of Dalhart.

12. The supervisor of said Old Town magisterial district shall
be allowed the sum of four dollars per day while he is actually engaged
in having the work done in his district on the public roads and bridges
thereon mentioned in this act, to be paid out of the money derived
from the bonds of this act, he shall not be paid for more than two
hundred days for his services rendered by him under this act.

13. This act shall be construed as mandatory, requiring the
board of supervisors of Grayson county, to issue the bonds, to lay a
levy on the property of Old Town magisterial district liable to the
county and district tax to pay for the bonds, and the interest on the
same, to have the work performed mentioned in this act, and to re-
quire the supervisor of Old Town magisterial district, in conjunction
and under the supervision of the road engineer mentioned in this act,
to have all work done on the roads and bridges on said roads men-
tioned in this act.

14. The purchasers of the bonds authorized to be issued by this
act shall in no event be required to see to the application of the pur-
chase money.

15. This act shall be construed to the end that its purposes shall
be fully carried out.

16. In view of the fact that the roads mentioned and described
laid out and designated in said Old Town magisterial district in this
act are badly in need of repair and improvement, an emergency 1s
declared to exist and this act shall be in force from its passage.