Chap. 428.—An ACT to authorize the district school board of Poquoson school and
magisterial district, of York county, to borrow the sum of $1,000, and to issue
bonds therefor, for the building and equipment of a new school-house in said
district.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That the district
school board of Poquoson school and magisterial district, of York county,
be, and is hereby, authorized and empowered to borrow money to an
amount not exceeding one thousand dollars, and to issue bonds therefor.
Such bonds shall be payable not less than five nor more than ten years
after their date, and shall bear interest at a rate not exceeding six per
centum per annum, and said bonds shall be issued in denominations of
one hundred dollars each.

2. The proceeds of the sale of such bonds as may be issued under this
act shall be used for the building and equipment of a new school-house
in the Poquoson school and magisterial district, of York county, and for
providing furniture and apparatus therefor: provided, that the purchaser
or purchasers of any bonds issued under this act shall not be liable for
the application of moneys arising from their sale.
3. All bonds issued pursuant to the authority given by this act shall be
signed by the chairman of the school board of Poquoson school and magis-
terial district, of York county, attested by the clerk of said board.

4, The board of supervisors of York are hereby directed to levy and
collect a sufficient additional school levy to pay the annual interest on
such bonds as may be issued under this act, and at the maturity of said
bonds to levy and collect an additional tax to pay the same.

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