The transcription of this Amherst County Virginia Will Book 4, page 516 is true to the original as transcribed by Linda Sparks Starr October 2006. During the copying process at the Court House, the letters found on the most-right-hand portion of the page were inadvertently cut off. Words within [ brackets ] in the following represent the best guess by the transcriber of the missing letters based on context or knowledge of other individuals in the county.  Highlighting was added by the transcriber. 

KNOW all men by these presents that we Daniel Shrader John Crawford and 
Abram Carter are held and firmly bound unto Josiah Ellis Reuben Norvell, Ch[arles] 
Taliaferro, John Warwick, David S. Garland, Wm Ware, Thos Moore & Philip John[son] 
Gentlemen Justices of the County Court of Amherst now setting in the sum of five h[un=]
=dred Dollars to be paid to the said Justices or their successors in office for the 
use of the said Commonwealth of Virginia to which payment well and truly 
to be made, we bind our selves our heirs etc.  Jointly severally firmly by these 
presents sealed with our seals and dated this 21st day of June 1808. The condit[ion] 
of the above obligation is such that whereas the above bound Danl Shrader 
is this day appointed Gdn to Peter Milstead orphan of Joseph Milstead dec'd [and] 
if the above bound Daniel Shrader shall well and truly save harmless and 
Indemnify the said Justices in the aforesaid appointment and shall [in] 
every respect discharge his ___ duty as a Guardian aforesaid then the above 
obligation to be void otherwise to remain in full force and virtue.
Signed and ak'd					           his	
In presence of					Dan'l     +     Shrader		Seal
The Court Tests J. B. Edwards			         mark
						Jno Crawford			Seal
						Abram Carter			Seal

At a Court held for  amherst County the 21st day of June 1808 This Bond was acknow[led=]
=ged in open Court by the Subscribers and ordered to be Recorded.
								Teste

According to the Amherst County Register of Marriages, Peter Milstead and Betsy Shrader received a license to wed this same day. Daniel Shrader -- as guardian for Peter and as Betsy's father -- gave consent. My guess, Peter was judged by the clerk to be, if he weren't in fact under twenty one years old. Daniel had accompanied the couple to the courthouse for Betsy was under eighteen. Thus the only reason for this guardian bond was to get the marriage license. Otherwise Peter's mother (who was still alive) would have given consent. 

Register of Marriages for Amherst County 1763-1853, page 212:
		HUSBAND		WIFE		PARENTS OR GUARDIAN  of HUSBAND	
1808, June 21	Milstead, Peter	   Shrader, Betsy	   Shrader, Daniel guard. for Peter

PARENTS or GUARDIAN of WIFE		SECURITY AND WITNESSES
Shrader, Daniel father of Betsy		Danl Shrader; N. Vanstavern, 
Tinsley Rucker,    Jno. Crawford