CHAP. 95.--An ACT to authorize Northampton county to borrow money and issue bonds for a sum not exceeding fifty thousand dollars ($50,000) for the purpose of building, improving and maintaining the public roads of Eastville magisterial district in said...

1. Be it enacted by the general assembly of Virginia, That the board of supervisors of Northampton county be, and it is, hereby authorized to borrow from time to time, as may be necessary, money not exceeding fifty thousand dollars, ($50,000) for the magisterial district of Eastville, in said county, the said sums to be used for the purpose of building, improving and maintaining the public roads in said Eastville magisterial district.

2. The said loans shall be effected by issuing the bonds of said county, signed by the chairman of the said board of supervisors and countersigned by the clerk thereof, in denominations of five hundred ($500) and one hundred dollars ($100) each, or either, as in the discretion of the said board may deem best, payable in not exceeding thirty years (30) after the date thereof, with coupons attached for the semiannual payment of interest at a rate of interest not exceeding six per centum; provided, however, that any or all of the bonds shall, by the terms thereof, be made redeemable at the discretion of the said board at any time after the expiration of five years from the date of issue.

3rd. Said board hereby provided for shall be a body corporate and shall be known and designated as the board of road commissioners of Eastville magisterial district of Northampton county, and as such shall have the right to contract and be contracted with, sue and be sued.

3. The said board shall have full power to negotiate the said bonds through an agent or by such other method as in its discretion may seem best, and deposit the proceeds in some bank or banks of the said county of Northampton, to be selected by the Eastville district road board hereinafter provided for, to the credit of said district road board and subject to its order; provided, however, that the said bonds shall be so negotiated for no less than their normal or par value, and the same shall not be issued except upon the approval of a majority of the citizens of the Eastville magisterial district of said county for which said issue is made, who were qualified to vote in the last preceding general election held therein, and such approval or non-approval, as the case may be, to be ascertained in an election to be held for that purpose in said Eastville magisterial district of said county upon an order of the circuit court of the said county or the judge thereof in vacation, at any time after the enactment hereof, upon the petition of fifty (50) qualified voters of said magisterial district; said election to be had upon thirty days' notice thereof duly posted at the door of the courthouse of the said county and at each of the voting precincts of said magisterial district, asking an election hereunder, said election to be conducted in the same manner and by the same election officers of said magisterial district in said county who conducted the general election next preceding the same.

4. The ballots to be used in such election shall be prepared as the ballots used in other general elections and shall contain the words, "For the issue of bonds for public road improvement in Eastville magisterial district," and "Against the issue of bonds for public road improvement in Eastville magisterial district," and if upon the canvass of the ballots cast it shall be found that a majority of those voting are in favor of such bond issue, the fact shall be so reported, as on the results of other general elections, and the board of supervisors, upon receipt of notice of such result, shall proceed immediately to prepare, execute and negotiate such bonds accordingly.

5. For said Eastville magisterial district of said county, should the majority vote in favor of such bond issue, there is hereby created and established a district road board to be known as the "Eastville district road board," consisting of the supervisor of said Eastville magisterial district, who shall be chairman of said district road board, and six (6) citizens of said district to be appointed by the circuit court of said county or the judge thereof in vacation, said members of said district road board to be selected, so far as practicable, from the different sections of said magisterial district, to the end that the entire magisterial district may, as far as practicable, be represented on said board. In the event of a vacancy on such district road board, whether caused by death, resignation or removal from office, or from the district for which they were appointed such vacancy shall be filled by the said circuit court, or the judge thereof in vacation. The members of the said district road board, other than the supervisor, shall, before entering upon the duties hereunder, enter into and acknowledge before the clerk of the circuit court of the county of Northampton, a bond in the penalty of three thousand dollars ($3,000) with surety thereto to be approved by said clerk, conditioned for the faithful performance of their duties under this act; said district road board shall elect one member who shall be secretary and whose duty it shall be to keep complete and accurate records of all proceedings of the said board and the moneys received and expended by the said board, and who shall cause its accounts to be audited annually and filed with the board of supervisors of the said county, and publish a full report of all receipts and expenditures in some newspaper in said county; said secretary for said services to receive not more than two hundred and fifty dollars ($250.00) per annum; said board shall meet at some convenient place in said magisterial district, and for their service the members thereof shall receive an annual salary of fifty dollars ($50.00).
The said district road board is hereby authorized and empowered to adopt such methods and materials as in its judgment may seem best suited to the requirements of said district, employ such engineers, road builders and operatives, teams and machinery as to it may seem fit, and make reasonable and proper regulations as to location, construction and maintenance of the roads to be constructed hereunder, and do generally and perform all acts necessary for the effectuation of the interests and purposes hereof.

6. Said board hereby provided for shall be a body corporate and shall be known and designated as the Eastville district road board, and as such shall have the right to contract and be contracted with, sue and be sued.

7. After issuing the bonds, or any of them, provided for in this act, when the first levy is made by the board of supervisors, a tax shall be levied on all property, except the property within the corporate limits of the town of Eastville, subject to local taxation in Eastville magisterial district in said county, in which the proceeds of such bonds have been or are to be expended, to pay interest on the bonds so issued and to create a sinking fund to redeem the principal thereof at maturity; and from year to year such levies shall be made on such property in said district until such debt, together with the interest thereon, is paid, the said levy not to exceed the sum of thirty cents (30c) on the one hundred dollars ($100.00) of taxable property within such district.

8. An emergency arising by reason of the importance of the immediate execution of the provisions of this act, the same shall be in force from its passage.