Chap. 366.—An ACT to authorize the town of Cape Charles, in Northampton
county, to issue bonds and borrow money thereon, for the purpose of erecting
and equipping a publie school building in and for the said town.

Approved March 14, 1908.

1. Be it enacted by the general assembly of Virginia, That for the
purpose of erecting and equipping a public school building in and for
the town of Cape Charles, in Northampton county, the council thereof
is hereby authorized and empowered to borrow the sum of ten thousand
dollars, or so much thereof as may not exceed the constitutional limit,
and to issue coupon bonds therefor, signed by the mayor, and attested
by the clerk, payable not exceeding twenty years from the date thereof,
redeemable at the pleasure of the council five years thereafter, and bear-
ing interest at the rate of not exceeding six per centum per annum,
payable semi-annually, wheresoever therein designated; provided, that
such bonds shall not be sold for less than their nominal or par value.

2. An emergency existing by reason of the necessity for the said im-
provement, this act shall be in force from its passage.