Clarke courier. [volume] (Berryville, Va.) 1869-1997, 1903-07-15


and registered voters of said dis
trict shall vote in favor of issuing
bonds TO be paid by levy upon all
the property, real and personal. in
said district. the board of super
visors of the district shall issue the
bonds OF the county. either regis
tered or coupon. bearing rate OF
interest no greater than five per
centnm, TO an amount not exceed
ing at any time in the aggregate a
sum the interest upon which, at a
rate not greater than five per cen
tum per annum, may be paid by a
levy of fifteen cents upon the hum
drcd dollars of the assessed value of
all taxable real estate and personal
property in said district.
,. The board of supervisors of
the county may issue said bonds
for such amount and as may in its
discretion be necessary; the bonds
50 issued from time To time shall
not be for a longer term than thirty
years, and may be made payable
at such time or times is the board
of supervisors may deem best.
4. All bonds shall be in such
form a the board may direct, and
shall be signed by the chairman of
the board and atteSted by the clerk
of said board of supervisors. None
of the bonds shall be sold at less
than their par value.
=. The boardof supervisors shall
annually levy upon all the assessed
property treal or pcrSonan of said
district a special tax. not exceed
ing twenty on the hundred dollars.
and the sum derived from said levy
shall bc used to pay the interest on
the bonds issued under this act and
TO create a sinking fund for the
payment of said bonds. Should the
board fail or refuse to levy said tax.
the circuit court of the county
shall issue its mandamus COMPEL
ing them 50 To do.
8. The board of supervisors. be-
fore undertaking TO macadamize or
otherwise permanently improve
any road, shall require to be made
out specifications of the work pro-
posed to be done. and shall adver-
tise for bids for work to be done
in some paper published in the
county. or If there be no paper
published in said county. i'm pa
per having circulation therein. and
10y printed handbills thoroughly
distributed and posted in said coun-
ty. said work 10 I've given 20 the
lowest possible bidder. who shall
give bond for proper performance
of the work; but said board. in its
discretion, may reject any or all
bids: provided. however. that the
board of supervisors may. in its
discretion, employ hands TO do the
work. No work shall be paid for.
whether done by contract or other
wise. unless approved by the board
of supervisors.
Z. Before undertaking the i'm
provement of any road. the board
of supervisors shall inspect said
road, and if in its opinion changes
of location are necessary to i'm
prove the grade or shorten the
distance. it shall take such steps as
are required by law to effect such
changes.
;. All money paid out under this
act shall be upon warrants drawn
on the county treasurer, signed by
the chairman of the board of super
visors, and attested by the clerk of
the board. The treasurer shall
keep all money arising from the
sale of bonds in a separate account
for each district, which shall be
called the road Improvement
fund" of the district voting toissue
bonds. All warrants issued on this
fund shall state on their face that
they are for road improvements
within the district voting to issue
bonds, and shall be so accounted
for by the treasurer.
8. The treasurer shall have fOl
receiving and discussing said funC
one per centum on the amount de,
rived from the sale of the bonds.
10. From the amount collected
under the levy provided for in sec
ton five of this act the board OF
supervisors shall require the treas
urer each year TO set apart three
cents on the hundred dollars of as
sessed value of all real estate and
personal property in said district
as a sinking fund for the payment
of said bonds. said SINKING fund