Chap. 338.—An ACT to authorize the school board of Bellefonte school district,
of the county of Nottoway, Virginia, to borrow money for the purpose
of erecting a high school building at Blackstone in said district, and to
issue bonds therefor not to exceed the sum of forty thousand dollars in
amount. {S B 332]

Approved March 19, 1920.

1. Be it enacted by the general assembly of Virginia, That the
school board of Bellefonte school district, of the county of Nottoway,
Virginia, be authorized and empowered to borrow money, not to
exceed the sum of forty thousand dollars, the proceeds of such loan
to be used for erecting a high school building at Blackstone in said
district.

2. The said school board may issue bonds not to exceed the sum
of forty thousand dollars, to bear interest not to exceed six per centum
per annum, payable semi-annually, with interest coupons attached
thereto, and the principal thereof to be paid fifteen years after date
thereof, but the said school board shall have the right to anticipate
the payment of any or all of said bonds on any semi-annual interest
date, after five years from the date of issue. Said bonds shall be
registered as to principal and interest and be in form as follows:

Know all men by these presents, That the school board of Belle-
fonte school district, of the county of Nottoway, in the State of Vir-
ginia, is justly indebted to and promises to pay to------------------
the sum of ~--.---_.----------- dollars, bearing interest at the rate
of six per centum from date, payable semi-annually; but the said
school board shall have the right to anticipate the payment of this
bond on any semi-annual interest date after the expiration of five
years from the date hereof. |

In testimony whereof, the said school board of said Bellefonte
school district, of the county of Nottoway, Virginia, hath caused the
corpurate 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
wee eee ee , nineteen hundred and ~-.-----------_-.

3. The said bonds shall be in denomination of one hundred dol-
lars or multiples thereof, 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 board of supervisors of
said county 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 by a district levy on
all property in said district subject to taxation for district school
purposes.

4. The bond issue authorized by this act shall not be made unless
and until the board of supervisors of Nottoway county has by appro-
priate action approved the same.

5. An emergency existing, this act shall be in force from its
passage.