Chap. 92.—An ACT to authorize the school board of Deep Creek magisterial
district, No. 2, of the county of Norfolk, to borrow money for the pur-
pose of school improvements in said district, and to issue bonds therefor,

not exceeding $20,000 in amount.

‘Approved March 4, 1910.

1. Be it enacted by the general assembly of Virginia, That the school
board of Deep Creek: magisterial district, number two, of the county of
Norfolk, be authorized and empowered to borrow money, not to exceed
the sum of twenty thousand dollars, the same to be used for school im-
provements in said district.

%. That the said school board may issue bonds not to exceed the said
sum of twenty 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, payable semi-annually, with interest
coupons attached thereto, 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 two, of the county of Norfolk. The said
school property shall be pledged for the payment of the principal and in-
terest 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 Deep Creek
magisterial district, number two, 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 attached hereto, until payment of the principal sum. In testi-
monv whereof the said school board of Deep Creek magisterial district,
number two, 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 the day of ———————-, nineteen hun-
dred 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 shal] pro-
vide for the payment of the accruing interest, and also for the principal
of said bonds, in such a manner and by such means as it shall deem
necessarv.

4. The said bonds may be issued and sold by the said school board
for the purpose of raising the 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 im-
provements in this district creates emergency, and this act shall be in
force from its passage.