An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
Chap. 190.—An ACT to authorize the district school board of Big Stone Gap
school district, No. 5, of the county of Wise, in the State of Virginia, to
borrow money for the purpose of school improvements in said district, and
to issue bonds therefor, not to exceed the sum of $15,000 in amen
. H B 453]
Approved March 15, 1922.
1. Be it enacted by the general assembly of Virginia, That the
school board of Big Stone Gap school district, number five, of the
county of Wise, in the State of Virginia, be authorized and empowered
to borrow money, not to exceed the sum of fifteen thousand dollars,
the proceeds of such loan to be used for school improvement in
said district.
2. The said school board may issue bonds not to exceed the sum
of fifteen thousand dollars, to bear interest not to exceed six per
centum per annum payable semi-annually, with interest coupons at-
tached thereto, and the principal thereof to be paid twenty (20) years
after date thereof, said bonds to be a lien upon all of the school
property of said school district, number five, of said county of Wise.
The said school property shall be pledged for the payment of the
principal and interest of said bonds, as therein set forth, and as shown
by interest coupons thereto attached, which said bonds shall be in
form as follows:
Know all men by these presents, that the district school board
of Big Stone Gap school district, number five, of the county of Wise,
in the State of Virginia, is justly indebted to and promises to pay
w-------- +e or bearer, the sum of one thousand dollars, bearing
interest at the rate of ___.___________ per centum from date, payable
semi-annually on surrender of the proper interest coupons hereto
attached, until said principal sum shall be paid in full.
In testimony whereof, the said district school board of Big Stone
Gap school district, number five, of the county of Wise, State of
Virginia, hath 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. The said bonds shall be in denomination of one thousand
dollars each, and in making sale of same in accordance with the
provisions of this act, such bonds shall in no event be sold at less
than the par value thereof. And the said district school board shall
provide for the payment of the accruing interest on said bonds, or so
many thereof as may be issued and sold, and also for the payment of
the principal of said bonds, in such manner and by such means as
it shall deem necessary. .
4. The said bonds, or any one or more of same, may be issued
and sold by the said district school board, only for the purposes
herein set forth.
5. The necessity for raising money for the purpose of aforesaid
improvements in said district creates an emergency, and this act shall
be in force from its passage.