Chap. 434.—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, as amended by
an act approved March 30, 1940, so as to authorize 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, and to authorize
the board of supervisors or other governing bodies of the said counties to release
from the lien of certain drainage taxes heretofore assessed against the real
estate located in any legally established drainage district, upon certain terms
and conditions, and to provide for the release of real estate from the liens of
certain drainage taxes upon certain conditions. [H B 458]

Approved April 6, 1942

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 appropriate money to
any such drainage district for application 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 first, nineteen hundred and thirty-
eight, be amended and re-enacted so far 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 established
drainage district, or districts, shall have the power and authority, in its
discretion, to appropriate and pay out of the funds of such county accru-
ing 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 commissioners 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 discretion, 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 drain-
age 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 in-
vested in any such bonds, notes or other obligations issued prior to Janu-
ary first, nineteen hundred and twenty-eight ; and the board of supervisors
or other governing body of any such county may, in consideration of
additional levies or assessments heretofore or hereafter made against the
real estate located in such drainage district, release any or all of such real
estate from the lien or liens of any or all drainage taxes heretofore or
hereafter assessed against said real estate, provided that the drainage
bonds of such district or districts are owned and held solely by any such
county.