Chap. 223.—An ACT to authorize county school boards in the State to loan to
the district school boards of their respective counties funds belonging to said
county school board, derived by gift or devise, taking the obligation of dis-
trict school board for the same.

Approved March 12, 1908.

1. Be it enacted by the general assembly of Virginia, That where any
county school board in this State is possessed of funds, derived by gift
or devise, the said county school board is authorized to loan to the
school districts in their respective counties, a sum of money not ex-
ceeding one thousand dollars, for the purpose of building school-houses
in said district, the amount to be loaned to be proportioned according
to school population in each district, so that one district may not obtain
a greater proportion than another, and the said district school board is
authorized to execute and deliver to the county school board, their obli-
gation for any amount so borrowed. The money so borrowed shall be
expended by district school boards in building such school-houses as
their sound discretion may decide upon.