Chap. 332.—An ACT to authorize the boards of district school trustees of the
magisterial districts of Atlantic, Metompkin, and The Islands, of Accomac
county, to borrow certain portions of the Sandfords charity fund.

Approved February 14, 1898.

1. Be it enacted by the general assembly of Virginia, That the boards
of district school trustees of the magisterial districts of Atlantic, Me-
tompkin, and the Islands, of Accomac county, be, and they hereby are,
authorized to borrow of the commissioners of the Sandfords charity
fund, said fund, or so much of it as they may desire: provided, that
the Atlantic board shall not borrow more than three-fifths thereof, and
Metompkin and Islands boards not more than one-fifth each thereof ;
the amount so borrowed to be expended by said board in their respective
district in the building of public school-houses and furnishing the
same.

2. The boards for such loans shall be in such amounts as shall be
mutually agreed upon by the said commissioners and said boards; shall
be made payable to said commissioners and their successors on demand, to
carry interest at the rate not to exceed six per centum per annum, from
date, payable annually, and shall be signed by the president of said
boards, respectively, and countersigned by their respective secretaries ;
no disposition of the district school funds of the said districts so bor-
rowing shall be made any year till sufficient thereof shall have been set
aside to meet the annual interest accruing in the amount borrowed.
Before any loan is made, the board desiring to borrow shall adopt and
spread upon the minutes a resolution setting forth their wish to borrow
the money under the provisions of this act.

3. This act shall be in force from its passage.