Chap. 93.—An ACT to authorize the school board of Tanner’s Creek magiste-
rial district, No. 6, of the county of Norfolk, to borrow money for the pur-
pose of school improvements in said district, and to issue bonds therefor,
not exceeding $30,000 in amount.

Approved March 8, 1906.

1. Be it enacted by the general assembly of Virginia, That the school
board of T'anner’s creek magisterial district, number six, of the county of
Norfolk, be authorized and empowered to borrow money not to exceed the
sum of thirty thousand dollars, the same to be used for school improve-
ments in said district.

2. That the said school board may issue bonds not to exceed the said
sum of thirty thousand dollars; the said bonds to be in denominations of
five hundred dollars and one thousand dollars, to bear interest not to
exceed five per centum per annum, payable semi-annually, with interest
coupons thereto attached, and the principal thereof to be paid fifteen
years after the date thereof, and to be a lien upon all the school property
of said school district number six, of the county of Norfolk. The said
school property shall be pledged for the payment of the principal and
interest thereof, according to their tenor and date, and the said bonds
shall be in the form following:

Know all men by these presents, that the school board of Tanner’s
creek magisterial district, number six, of the county of Norfolk, in the
State of Virginia, is justly indebted te —______—_., or bearer, in the
sum of ————_————— dollars, redeemable fifteen years after date
hereof, and bearing interest at the rate of five per centum per annum
from date, payably semi-annually on surrender of the proper coupons
hereto attached, until payment of the principal sum. In testimony
whereof the said school board of Tanner’s creck magisterial district, num-
ber six, of the county of Norfolk, has caused the corporate seal of the
same to be affixed, and these presents to be signed by its chairman, and
attested by its clerk, this the —————— day of —____——_, nineteen
hundred and ——————.
3. That in making sale of the said bonds that shall be issued in ac-
cordance with the provisions of this act, at no time shall the said bonds
be sold for less than their par value. And the said school board shall
provide for the payment of the accruing interest, and also for the prin-
cipal of said bonds, in such a manner and by such means as it shall deem
necessary.

+. The said bonds may be issued and sold by the said school board for
the purpose of raising said sum of money, or any part thereof, only for
the purpose hereinbefore set out.

The necessity of raising money for the purposes of school improve-
ments in this district, creates emergency, and this act shall be in force
from its passage.