The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-21

upon reasonable notice to the other.
shall be at liberty to take depositions
10 sustain or inyalidata such elec-
tion. Service of notice on any three
of the e0nplainants shall be sufii-
Client The court shall proceed at It's
next term after such service of sum
mons or notice to determine the con
/ test without jury on the evidence
oral or written. unless good cause be
shown for u continuance. and shall
make proper record of its judg-
inent. Ii the Judgment be that the
! election is It tftitti urfe IN favor uf tue
issuing uf bonds for permanent road
! inproS ement in said district or dis
iricts. or either Of them. the cour,
shall make an order In conformity
with the preceding section.
hoard 10 Issue bonds.
s. The board of supervisors at their
meeting or was soon thereafter as
practicable shall determine what
amount Of bonds for road Improvement
| in said district or districts. not ex-
ceedine the maximum aforesaid. shall
/ presently be issued. and shall enter
| or record the amounts so determined,
ana III event they do not at said
| meeting direct the present Issuing
Of all the said bonds. they may there
after from time tn time direct the
residue thereon TO be issued 10 carry
out the wishes Of the voters. SO far
as necessary. as expressed in such
election. and ia event the board for
any reason fails or refuses to issue
the bonds, SO authorized TO be issued
the circuit court Of the county may
| upon the complaint OF ten qualified
voters of the county and after ten
! days notice to the chairman of the
| board, for cause shown. issue an order
| directing them to Issue the said bonds
| or any unissuod residue thereof. or
i such portion thereof as the court may
| from time TO time deem proper to be
! issued. in order to enable the proper
road authorities to carry out the
wishes OF the voters as expressed In
| said election And this remedy shall
apply TO any bond Issue heretofore
| or hereafter authorized by voters or
any district or districts They shall
have power TO apnoint agent or agents
10 sell said bonds. provided that said
| bonds shall be sold to be paid for In
! lawful money only. and shah not DE
sold at "a price that Will net the county
less than par value. When such a
sale Of bonds has been negotiated. the
| board OF supervisors shall issue the
| same, Such bonds may be either
registered or with coupons attached as
| SNtl bNaEU VI SbptA tSbIS may AiSE
| scribe. and shall have written or print
ed in each the following sentences.
Wording OF Beads.
These bonds are issued for road i'm
rrovement in .......--.-. magisterial
district. but the full faith and credit
of the entire county or is
hereby pledged for that payment. ana
81 tax Is to be levied upon the prop
eTty in said district to pay the inter
81 IN int In
fund sufficient IN amount to pay them
upon maturity" Said bonds shall be
signed by the chairman and counter
signed by the clerk thereof under the
seal of the board, shall be In denomi-
ma ions of one hundred dollars or some
multiple thereof; shall bear interest at
II rate not exceeding six per ceRtum
per annuul, payable semi annually at
the Office of the treasurer of said coun-
ty. and shall be payable not exceeding
thirty-four years from the date thereof
CT said Office, but may III the discretion
af. tbs Easd beard ha made fedee1ffst-
bio at such time or times or after such
period or periods and upon such notice
as the said board may prescribe ana
stipulate upon the face Of the bones
when issued. The board shah deliver
them to the treasurer of the county
who shall deliver said bonds to the
purchasers Thereof, or their order upon
the payment of the price thereof. The
said treasurer and his sueties shan
be liable 70 the amount received for
said bonds as though IL were a county
levy and said fund shalt .he expended
for the purposes and In the magisterial
district or districts for which 1t was
intended. and none other. The said
treasurer shall receive as compensa-
ton for his services hereunder. one
fourth or one per centum Of the
amount thus coming into his hands
and also the reasonable cost to him
of giving surety ON such additional
bond or bonds "a may be required OF
him. IL any, on account OF his receipts
heretofore or hereafter OF said funds,
and the board Of supervisors OF sucn
county may direct the treasurer TO
deposit the proceeds or said bond is
sue In such bank or banks as 1t may
approve, to the credit of the said
treasurer to be paid orr ON his checks
therefor, and at the rate OF interest
to be specified. and all interest ac-
crued therefrum shall be accounted
for by said treasurer and be expended
for the purposes Of the said road i'm.
provement, and insofar as not neces-
sary for said road improvement shall
be covered into the sinking fund for
the payment OF tho principal OF said
bonds as provided in section seven
Levying Tax.
Z. After issuing such bonds. or any
OF them. when the next levy Is made,
or tax imposed IN said county. tax
shall be levied on all property liable
to State tax In such magisterial dis
trict az voted on the said bond N
sue to pay tho interest on tho bonds
80 issued. and to create sinking FUND
to redeem the principal thereof ~
maturity: and from year to year said
levy or assessment shall bo made un-
til the debt and interest are paid.
which levy shall not exceed ninety
cents on the hundred dollars Of taxa
hla vrnra,.fy within the aaid snueis.