Chap. 352.—An ACT to amend and re-enact an act entitled ‘‘An Act to authorize
any county in which is located in whole or in part, any legally established
drainage district, to appropriate money to any such drainage district for applica-
tion on the indebtedness of such district, or for any other legal purpose thereof,
and to authorize the county board of drainage commissioners to accept and use
such appropriations for such purposes.”, approved April 1, 1938, so as to au-
thorize certain payments by the board of supervisors or other governing body
of any such county to the holders of bonds, notes or other obligations of any
drainage district located, either in whole or in part, in such county, and to
authorize the board of supervisors or other governing body of any such county
to invest moneys credited to certain sinking funds in any such bonds, notes and
other obligations. [H B 336]

Approved March 30, 1940

1. Be it enacted by the General Assembly of Virginia, That an
act entitled ‘‘An Act to authorize any county in which is located in
whole or in part, any legally established drainage district, to appro-
priate money to any such drainage district for application on the in-
debtedness of such district, or for any other legal purpose thereof, and
to authorize the county board of drainage commissioners to accept
and use such appropriations for such purposes.”’, approved April first,
nineteen hundred and thirty-eight, be amended and re-enacted so as
to read as follows:

Section 1. The board of supervisors or other governing body of
any county in which is located in whole or in part any legally estab-
lished drainage district, or districts, shall have the power and au-
thority, in its discretion, to appropriate and pay out of the funds of
such county accruing from the general county levy, to such drainage
district or districts, such sum or sums of money as such board or other
governing body may deem proper, for application on the bonded or
other indebtedness or for any other legitimate purpose of such drainage
district or districts, and that the county board of drainage commis-
sioners of any such drainage district or districts in such county, be,
and they are hereby, authorized and empowered to accept and receive
any and all moneys so appropriated, and use the same, in their dis-
cretion, for any of the purposes hereinabove mentioned; or in lieu
thereof, the said board of supervisors or other governing body of any
such county may appropriate and pay out of the funds of such county
accruing from the general county levy to the holders of any bonds,
notes or other obligations of any legally established drainage district
located in whole or in part in such county, such sum or sums of money
as the said board or other governing body may deem proper for the
acquisition and purchase for and on behalf of the county, of all or
any of such bonds, notes and other obligations; and the said board
of supervisors or other governing body of any such county is also
authorized and empowered to invest moneys, or any part thereof,
credited to any sinking fund of the county or of any district thereof
in, and with such moneys to purchase for any such sinking fund,
bonds, notes and other obligations of any such legally established
drainage district located in whole or in part in such county, provided
no such moneys shall be invested in any such bonds, notes or other
obligations issued prior to January first, nineteen hundred and twenty-
eight.