Chap. 20.—An ACT authorizing the county school board of Botetourt county to
borrow money, not in excess of $250,000.00, and to issue its bonds therefor, to
be used for the construction and permanent improvement of public school
property in the county of Botetourt, and requiring the board of supervisors
of the said county annually to levy taxes to pay the interest thereon, and to
create a sinking fund to redeem the principal thereof at maturity. [H B 7]

Approved February 17, 1926.

1. Be it enacted by the general assembly of Virginia, That the
county school board of Botetourt county is hereby authorized to bor-
row, from time to time, sums of money not exceeding two hundred and
fifty thousand dollars in the aggregate, and from time to time to issue
its bonds therefor, the said bonds to be issued in such denominations
and to be payable at such time or times, not exceeding thirty years
from the date thereof, as the said board may provide; they shall bear
interest at not exceeding six per centum per annum, and shall not be
sold for less than par. —

2. The bonds issued by the said school board in pursuance of this
act shall be under the seal of the school board and signed by the chair-
man and countersigned by the clerk of the school -board and the pro-
ceeds shall be used for the construction and permanent improvement
of public school property in the county of Botetourt. The bonds shall
constitute the general obligations of the county and shall be a lien on
all of the public school property in the said county.

3. After, the issuance of the bonds provided for in this act, the
board of supervisors of Botetourt county shall annually levy a special
tax on all the property subject to local school taxation in the said
county, sufficient to pay the interest on the said bonds, and to create
a sinking fund to redeem the principal thereof'at maturity; provided,
however, that the board of supervisors may, in order to reduce the
rate of such annual special property tax, levy a capitation tax of not
exceeding one dollar per annum on every male and female resident of
the said county not less than twenty-one years of age, except those
pensioned by this State for military services, and devote the revenue
derived from such capitation tax to the interest and sinking fund re-
quirements of this act. —

4. An emergency existing, this act shall be in force from its pas-
sage.