Chap. 189.—An ACT to amend and re-enact sections 6 and 7 of an act to
ratify, confirm and validate all the acts of the present de facto trustees of
the school district of the town of Leesburg, and their predecessors in office;
for the appointment of the present de facto trustees as trustees de jure; to
ratify all the acts, proceedings and resolutions of said de facto trustees,
acting as the school board of said district, also the acts, orders and resolu-
tions of the board of supervisors of Loudoun county,-and all other officials,
relative to the issuance of bonds by said school district for the purpose of
erecting a school building and equipping the same in said school district;
to validate an election held in said school district on Thursday, March 3,
1921, authorizing the said board to issue bonds in the aggregate amount
of seventy-eight thousand dollars; to validate the bonds issued or to be
issued by the said board in pursuance of said election; to authorize the
said board to prescribe the denomination of and maturities of said bonds;
to provide for levy of taxes, and their collection, sufficient to maintain the
schools of said district, to pay the interest on said bonds annually, and to
provide for an annual sinking fund to pay the bonds as the same shall
mature in accordance with the terms and provisions thereof, approved Febru-
ary 17, 1922. fH B 480]

Approved March 15, 1922. |

1. Be it enacted by the general assembly of Virginia, That séc-
ions six and seven of an act “to ratify, confirm and validate all the
icts of the present de factor trustees of the school district of the town
of Leesburg, and their predecessors in office; for the appointment of
the present de facto trustees as trustees de jure; to ratify all the acts,
proceedings and resolutions of said de facto trustees, acting as the
school board of said district, also, the acts, orders and resolutions
of the board of supervisors of Loudoun county, and all other officials,
relative to the issuance of bonds by said school district for the purpose
of erecting a school building and equipping the same in said school
district; to validate an election held in said school district on Thurs-
day, March third, nineteen hundred and twenty-one, authorizing the
said board to issue bonds in the aggregate amount of seventy-eight
thousand dollars ; to validate the bonds issued or to be issued by the
said board in pursuance of said election; to authorize the said board
to prescribe the denomination of and maturities of said bonds; to
provide for levy of taxes, and their collection, sufficient to maintain
the schools of said district to pay the interest on said bonds annually,
and to provide for an annual sinking fund to pay the bonds as the
same shall mature in accordance with the terms and provisions there-
of,” as approved February seventeenth, nineteen hundred and twenty-
two, be amended and re-enacted so as to read as follows:

6. That in pursuance of said election the said school board is
hereby authorized to issue bonds to an amount, in the aggregate, of
seventy-eight thousand dollars, for the purpose aforesaid, in such
denominations, and with such dates of maturity as the said school
board may deem proper, bearing interest at six per centum per annum,
payable semi-annually, which bonds, issued or to be issued, are hereby
ratified, approved, confirmed and validated, and are hereby declared
to be the valid and binding obligation of the said school district: of
the town of Leesburg, Virginia, and are hereby constituted a lien on
all the school property in the aforesaid district, and the buildings
erected thereon, enforceable by suit in equity.

7. The authorities who, under the Constitution and present gen-
eral law, are directed to levy and collect school taxes shall, and they
are hereby authorized to, levy not in excess of the rate prescribed by
general law, such rate of taxation on all taxable property in said
school district as may be sufficient to maintain the schools of said
district and pay the installments of interest accruing on said bonds,
and provide an annual sinking fund sufficient to pay the principal
of the bonds annually maturing. From the tax so collected, there
shall be first paid or set aside sufficient sums for the maintenance
of primary schools as required by section one hundred and thirty-
six of the Constitution of Virginia, and then a sufficient sum shall be
set aside to pay the installments of interest on said bonds and the
principal of the bonds annually maturing before any further ex-
penditures from said funds for school purposes shall be made; and
it shall be the duty of said authorities to make such levy and collect
and disburse the same as aforesaid, and, upon failure so to do, annu-
ally, the holder of any bond or bonds which have matured or on
which interest is in default, may, by mandamus, compel the exercise
of this official duty.

2. The said school district being in urgent need of funds to be
derived from the issuance and sale of said bonds for the purpose afore-
said, an emergency exists and this act shall be in force from its
passage.