Chap. 268.—An ACT authorizing the school board of Nelson magisterial dis-
trict, in York county, to borrow money, and use same in building and
equipping a new school-house in Yorktown.

Approved March 15, 1906.

1. Be it enacted by the general assembly of Virginia, That the school
board of Nelson magisterial district of York county be, and the same is
hereby, authorized and empowered to borrow money to an amount not
exceeding two thousand dollars, and to issue bonds therefor; such bond:
shall be payable not less than five nor more than ten years after their
date, and shall bear interest at a rate not to exceed six per centum per
annum, and said bonds shall be issued in denominations of one hundred
dollars each. The proceeds of the sale of such bonds as may be issued
under this act, or so much as may be necessary, shall be used for the
building and equipping of a new school-house in Yorktown and other
places in the magisterial district of York county, and for providing fur-
niture 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 the sale of said bonds: and provided, further.
that such bonds shal] not be sold below par.