The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1906-01-19

- circuit court OF the county of Prince
q Edward, or the Judge thereof i'm yaca-
" ton, shall direct an election 10 be held
- submitting 90 the voters of said cOun-
u ty qualified at the time OF such cleo
~ ton 90 vote for members Of hegeneral
- assembly, the question as 10 whether
y or not the bonds of said county for the
y sum of one hundred thousand dollars
shall be issued, the said bonds to be
= payable fifty years after date, 10 bear
interest at "a rate not 10 exceed five per
d, centum, and not more than twenty
u thousand dOllar, of said bonds TO be
: issued in any one year; the money de-
rived from the sale of said bonds TO be
70 used solely for the purpose of purchas-
70 ing road machinery and improving
the public roads of said county No
tice of the said election shall be given
by posting copy of the order direct
. ing the same at each regular voting
place in said county, and at the front
door of the courthouse, at least thirty
days before the same is 90 be held, and
3 i'm such other manner as the Judge
p may direct.
%. Such elections shall be held and
returns shall be made and canyassed
in the manner prescribed by law. The
ticket, To be used shall be prepared
and distributed 10y the electoral board
of the county, and shall have printed
ON them, boo one line, the words, "FOr
road improvement by bond issue
: and boo another line the words,
. against road improvement and bond
issue An abstract of the vote east
at such election, together with copy
of the findings Of the commissioners
who canvass said vote, shall be certi- !
fled by the clerk of the county court |
I0f Prince Edward county 10 the Judge |
of said court. II such election be held |
after February first, nineteen hun |
died and four, then said abstract Of |
the vote and copy of the findings of
/ the commissioners sha be certified 10 /
the judge of the circuit court of said /
county. said Judge, on consideration
of said abstract of vote and findings.
either during term or in yacati n, If
/ be shall be- of opinion that at said cleo
/ ton majority of the votes east were
80 east in favor Of the proposition SUBJ
mitted, shall so declare and so certify
I 90 the board of supervisors.
!. hit shall be so determined that
majority of the votes east in such cleo
| ton were boz favor of the issue of bonds
tor road improvement, then the board
0f supervisors shall proceed at once 10
issue the bonds of the county i'm the
amount specified in the order Of court
submitting the question tO a vote of
the people.
D.. The said bonds shall be Of the de-
nomination OF one hundred dollars
each, on multple- of said sum, aud
shall he signed by the chairman of the
board of supervisors and the county
treasurer, and attested by the clerk,
who shall attach the seal of the said
board. The form of the said bonds
shall be prescribed by the board Of
supervisors.
o. The said bonds, when issued. 5
shall be disposed Of by the board OF ,
supervisors iu such manner as il may 81
deem best, but no bond shall be sold
ai les, than the par value thereof. The
said bonds, at maturity, and all in q
tcre,t coupons when due shall be re- v
ceirable for al taxes and debts due 10 \
the county of Prince Edward, except i
school leyie,.
T. The said bond, and AN interest a
coupons shall bee payable at some Z
bank boz the city of Richmond, Viz r
ginia, and when So paid shall be
marked pa q and cancelled, and shall q
Ice exhibited % the board of supervisors n
at the time Of lis next meeting. n
s. All money, realized from the sale
OF said bonds shall be received by the
treasurer Of the said county, and by q
him deposited I'm such bank, or banks, "
as the judge of the county court of said Il
county shall, by order entered of re- f.
cord, designate as "a special fund, 10
be known as the road improvement II
fund. and said fund shall be disburs-
Ell only upon the check of the said Il
treasurer, c0untersigned by the chair j.,
man of the board of supervisors, and
shall. under no circumstances, be eX-
pended for any purpose other than the ii
purchase Of road machinery and im- q,
proving the public roads OF said cOun-
.y. The treasurer shall be allowed a.
bis full compensation for receiving al
and discussing said fund one per q
'eutum of the amount for which said b,
iOnds shall be sold. The treasurer -,
hall be liable, ON his official bond 0'
or the proper discharge Of his duties al
luder this act. a
O. The money arising under this act
hall be expended 10y road commits
ion, 90 be designated the road COM
mission of Prince Edward county, aud
o be composed Of the memJers Of the
,oard of supervisors Of said county, VI
0gother with one discreet freehOlder M
rom each magisterial district, TO be
elected by the board of supervisors.
laid road commission shall appoint
ID experienced public highway en- j..
.iueer tO supervise the construction of lit
he county roads, purchase all neces- bt
airy road machinery, fix the price Of ali
lb0r and materials. and do all other by
hing- necessary 20 carry out the OBJ W
sct of this act. IL
To-. The said board shall also provide VI
sinking fund 10y "a levy, from year 10 o.
ear, not exceeding ten cents Oh the
me- hundred dollars Of taxable prop liz
uy ion said county. The money so mi
eriyed, together with any other mon 81
y which shall be paid TO him for the lie
urpOse, shall be deposited by the
reasurer bon such bank, or banks, as
he Judge of the circuit court Of said
0uuty shall. 10y order entered of re- I'M
ord, designate as a special fund, 10 be on
noWn as "the sinking fund, subject On
} the order Of the sinking fund COM sfr
lissioners hereinafter provided for. sn
II. The Commonwealth attorney los
the county, the treasurer Of the ve
lunty, and the chairman of the board re-,
T supervisors shall, ex-oiliciO, COM an
use the board of sinking fund COM Il,
lissiOners. which board shall be in IN
usted with the duty ofinvestigating, Inn
ON time TO time, any money that ne-
Jay be deposited 90 its credit IN the br.
hiking fund taking such security wr
lerefor as may be approved by two ian
their number such money shall in
Dt at any time be loaned 10 the coun- or,
P. but the said board may, IF il shall an,
sem advisable. purchase and retire, N
Om time 10 time, the bonds Of the
Dunty issued under this act. IL shall
: the duty Of the board 10 see that a