Chap. 284.—An ACT authorizing the school board of Pulaski school district,
in Pulaski county, to borrow money and use same in building or otherwise
procuring and equipping a high school building in the town of Pulaski.

Approved March 15, 1906.

1. Be it enacted by the general assembly of Virginia, That the school
board of Pulaski school district of Pulaski county be, and the same is
hereby, authorized and empowered to borrow money to an amount not
exceeding eight thousand ($8,000) dollars, and to issue bonds therefor ;
such bonds shall be payable not less than five years nor more than fifteen
years after their date, and shall bear interest at a rate not to exceed five
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 as much as may be necessary, shall be used for the building, or other-
wise procuring, and equipping a high school building in the town of
Pulaski, in the Pulaski school district of Pulaski county, and for pro-
viding a lot on which to erect said building, and for further providing
furniture and apparatus therefor: provided, that the purchaser or pur-
chasers of any bonds issued under this act shall not be liable for the appli-
cation of moneys arising from the sale of said bonds.