Chap. 67.—An ACT to authorize the school board of Tanner’s Creek magis
terial district, No. 6, of the county of Norfolk, to borrow money for the
purpose of school improvements in said district, and to issue bonds
therefor, not exceeding $50,000 in amount.

Approved February 28, 1910.

1. Be it enacted by the general assembly of Virginia, That the school
board of Tanner’s Creek magisterial district, number six, of the county
of Norfolk be authorized an empowered to borrow money, not to exceed
the sum of fifty thousand dollars, the same to be used for school im-
provements in said district.

2. That the said school board may issue bonds not to exceed the said
sum of fifty thousand dollars; the said bonds to be in denominations of
five hundred dollars and one thousand dollars, to bear interest not to
exceed five per centum per annum, pavable semi-annually, with interest
coupons thereto attached, and the principal thereof to be paid twenty
years after the date thereof, and to be a lien upon all the school property
of said school district number six, of the county of Norfolk. The said
school property shall be pledged for the payment of the principal and
interest thereof, according to their tenor and date, and the said bonds
shall be in the form following:

Know all men by these presents, that the school board of Tanner's
Creek magisterial district, number six, of the county of Norfolk, in the
State of Virginia, is justly indebted to or bearer in the sum of
dollars, and bearing interest at the rate of five per centum per
annum from date, payable semi-annually on surrender of the proper
coupons hereto attached, until payment of the principal sum. In testi-
mony whereof the said school board of Tanner’s Creek magisterial dis-
trict, number six, of the county of Norfolk, has caused the corporate seal
of the same to be affixed and these presents to be signed by its chairman
and attested by its clerk this ——-— day of ————— nineteen hundred
and

3. That in making sale of the said bonds that shall be issued in
accordance with the provisions of this act at no time shall the said bonds
be sold for less than their par value. And the said school board shall
provide for the payment of the accruing interest, and also for the prin-
cipal of said bonds, in such a manner and by such means as it shall deem
necessary.

4. The said bonds may be issued and sold by the said schoo! board
for the purpose of raising said sum of money, or any part thereof, only
for the purposes hereinbefore set out.

5. The necessity of raising money for the purposes of school in-
provements in this district creates emergency, and this act shall be in
force from its passage.