Chap. 100.—An ACT to authorize the school board of Brookland district, No. 1.
of the county of Henrico, to borrow a sum of money not exceeding $15,000,
for the purpose of paying for the erection of a school building at Barton
Heights, in said district, to issue bonds therefor, payable out of the schdo!
funds of said district, and to provide for the payment of the same.

Approved March 8, 1906.

1. Be it enacted by the general assembly of Virginia, That the school
board of Brookland district, number one, of the county of Henrico, Vir-
ginia, be, and the same hereby i is, authorized to borrow a sum of money
not exceeding fifteen thousand dollars for the purpose of paying for erec-
tion of a school building at Barton Heights, in the said district, and to
issue bonds therefor, payable out of the school funds of said district.

2. The school board of said district shall issue its bonds in the denomi-
nation of five hundred dollars each for the money borrowed, and such
bonds shall run thirty years, with the right in said school board to pay
them, or any of them, at any time after six years, and shall bear interest
not exceeding the legal rate. Such bonds shall be signed by the chair-
man and attested by the clerk of the said school board, and shall be coun-
tersigned by the chairman of the board of supervisors of Henrico county
and sealed with the county seal and attested by the county clerk.

3. Until the bonds are paid there shall be set aside annually, for a
sinking fund, such sum as will be sufficient to pay the debt hereby au-
thorized at maturity. Such sinking fund shall be invested in the bonds
hereby authorized, or in such other securities as the said district school
board may, with the approval of the division superintendent of schools
for said county, select.