Chap. 85.—An ACT to authorize the district school board of Grafton school
district, of York county, Virginia, to borrow the sum of $4,000, and to
issue bonds therefor, for the building and equipment of a new high
school building in said district.

Approved March 2, 1910.

1. Be it enacted by the general assembly of Virginia, That the district
school board of Grafton school and magisterial district of York county be,
and is hereby, authorized and empowered to borrow money to an amount
not exceeding four thousand dollars and to issue bonds therefor.

Such bonds shall be payable in not more than thirty years from their
date, and said bonds shall be made redeemable at the option of the school
board of Grafton district at any time after five years from their date.

Said bonds shall bear interest at a rate not exceeding six per centum
per annum, and no bonds issued under this act shall be sold for less than
their par value.

2. The proceeds of the sale of such bonds as may be issued under this
act shall be used for the building and equipment of a high school or
graded school building or buildings for Grafton school district.

3. There shall be a lien upon the school property of Grafton school
district for the payment of the said bonds, and the interest to accrue
thereon, and said bonds shall be signed by the chairman of the school
board of Grafton school district of York county, and shall be attested by
the clerk of the said board.

4. The board of supervisors of York county are hereby directed to
levy and collect a sufficient additional levy to pay the annual interest on
such bonds as may be issued under this act, and at the maturity of said
bonds to levy and collect an additional tax to pay said bonds at maturity.

5. An emergency existing, this act shall be in force from its passage.
114 ACTS OF ASSEMBLY.