Chap. 257.—An ACT to authorize the trustees of Petaworth school district, in
Gloucester county, to borrow money and to issue bonds therefor.

Approved May 15, 1903.

1. Be it enacted by the general assembly of Virginia, That the I ets-
worth district school board of Gloucester county be, and is hereby, au-
thorized and empowered to borrow, upon the faith and credit of said Pets-
worth district, a sum not exceeding one thousand dollars, and to issue
bonds for the same, bearing interest at a rate not exceeding six per
centum per annum, payable annually, or semi-annually; the money so
borrowed to be used for the purpose of building a school-house in said dis-
trict, and to equip the same with necessary furniture and appliances, and
the said bonds to be issued in such amounts, and payable at such time or
times, and upon such terms and conditions as said board may see fit to
contract for and impose.

2. The board of supervisors of said county of Gloucester, at the re-
quest of said district school board, shall embrace in the annual district
levy for said Petsworth district a sum sufficient to pay the annual inter-
est on said bonds, and to provide a sinking fund, which shall be held and
applied by said district board to the payment of the principal of said
bonds.

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