CHAP. 149.—An ACT to empower the school board of Battletown district,
Clarke county, to borrow money to retire outstanding bonds.

(H. B. 29.)
Approved March 11, 1916.

1. Be it enacted by the general assembly of Virginia, That
the Battletown district school board of Clarke county be, and
it is, hereby authorized and empowered to borrow upon the faith
and ‘credit of said Battletown district, a sum not exceeding five
thousand dollars, and to issue bonds ‘for the same, bearing in-
terest at a rate not exceeding six per centum, payable annually
or semi-annually, for the purpose of retiring outstanding four
and one-half per centum bonds, now payable; said new bonds to
be issued in such amounts and payable at such time or times,
upon such conditions as said board may see fit to impose. The
board of supervisors of said county of Clarke, at the request of
said district school board, shall embrace in its annual district
(Battletown) levy a sum sufficient to pay the annual interest.
on said bonds and to provide a sinking fund, which shall be
held and applied by said district board to the payment of the
principal of said bonds; provided, however, that said levy by
the supervisors shall not exceed ten cents on every hundred dol-
lars of taxable property within said Battletown district.

An emergency existing this act shall be in force from and
after its passage.