Chap. 184.—An ACT to amend and re-enact an act approved February 25,
1908, entitled an act to amend and re-enact an act of assembly entitled
an act to authorize school boards of the several school districts in the
counties of this State to borrow money and to issue bonds for the pur-
pose of erecting and furnishing schoolhouses, and to provide for the
payment of such bonds and the interest to accrue thereon, approved
March 15, 1906.

Approved March 14, 1910.

1. Be it enacted by the general assembly of Vinginia, That an act
entitled an act to authorize school boards of the several school districts in
the counties of this State to borrow money and to issue bonds for the
purpose of erecting and furnishing schoolhouses, and to provide for the
payment of such bonds and the interest to accrue thereon, approved
March fifteenth, nineteen hundred and six, as amended by act approved
February the twenty-fifth, nineteen hundred and eight, be amended and
re-enacted so as to read as follows:

81. Be it enacted by the general assembly of Virginia, That whenever
the school board of any school district in any of the counties of this State
shall, by resolution duly spread upon the minutes of the proceedings of
such board, declare that an additional schoolhouse or schoolhouses are
necessary to provide additional public school facilities for the children
of school age in such district, and the school funds of such district will
not be sufficient to provide such additional school building or buildings,
and to furnish the same, and the statement of facts contained in the
resolution of such school board shall be confirmed and approved by reso-
lution of the board of supervisors of the county wherein such school dis-
trict is located, the school board of any such district may, when author-
ized by a vote of a majority of the qualified voters of any such district
voting, as hereinafter provided, borrow money for the purpose of erecting
a schoolhouse or schoolhouses therein and for furnishing the same, and
may issue either registered or coupon bonds for the sums of money s0
borrowed; the said bonds to be payable at a period not exceeding thirty
years after their date, and to be made redeemable at the option of any
such school board at such time after their date as may be specified in the
bonds, and such bonds shall bear interest at a rate not exceeding six per
centum per annum, payable either annually or semi-annually, as the
school board may prescribe: provided, that no such bonds shall be sold for
less than their par value, and that at no time shall the aggregate amount
of bonds issued and outstanding in any school district exceed seventeen
per centum of the aggregate assessed value of the real estate located in
such school district.

§2. That the said bonds shall be of such form and denomination as
the school board of any such school district, by resolution spread upon the
minutes of the board, may prescribe, and shall be signed by the chairman
and attested by the secretary of the board, and there shall be a lien upon
the school property erected and procured with the proceeds of the sale
of any such bonds for the payment of the principal thereof, and the in-
terest to accrue thereon; and if it shall be so stated on the face of the
bonds, there shall be a lien on all the school property of the school dis-
trict issuing and selling the same for the payment of the principal thereof
and the interest te accrue thereon.

§3. That the proceeds realized from the sale of any such bonds issued
under the provisions of this act shall not be used for any other purposes
than that of erecting school buildings and furnishing the same.

§4. That no bonds shall be issued under the provisions of this act
unless authorized by a vote of the majority of the qualified voters of the
school districts proposing to issue the same, voting at a special election to
be ordered and held as hereinafter provided.

§5. When the resolutions of the school board and board of super-
visors shall be certified to the circuit court of the county in which any
such school district is located, together with the location of the school-
house or schoolhouses to be erected, with the plans, specifications, and
estimated cost thereof, approved by the division school superintendent
and the superintendent of public instruction, the said court shall order a
special election to be held in any such district at such time and after such
notice (which shall not be less than two weeks), as the court may pre-
scribe by order entered upon its minutes, to pass upon the question
whether such bonds shall be issued or not, for the amount recommended
by the school board of such district. And the clerk of the court shall give
the notice required by the court of such special election by publication
in some newspaper of the county in which such school district is located,
and if there be no newspaper published in such county, then in a news-
paper published in some adjoining county, or nearby city or county, and
by having the same posted by the sheriff of the county in at least ten:
conspicuous points in any such school district, which said notice shall
state the amount of bonds to be issued, the purpose of the proposed issue
thereof, and whether the said bonds shall be a lien on all the property
in the district or a part thereof. The clerk and sheriff of the county
shall each receive for their services hereunder two dollars, to be paid out
of the county treasury.

86. The board of supervisors shall prepare the tickets and all other
necessary details for such special election, and shall pay the expenses
thereof out of the funds of the county, and any such election shall be
conducted and held in like manner as regular elections, and the laws of
the State applying to general elections shall apply to such special elec-
tions, except as hereinafter provided, and the judges and clerks of the
regular elections in said district shall be the judges and clerks in any
such special election, and shall receive the same compensation; and the
voting precincts in any such district for general elections shall also be the
same for any such special elections.

§7. The judges and clerks of such special elections shall canvass the
vote and certify the same to the county clerk in the same manner as re-
quired by law in general elections, and on the second day following such
special elections, it shall be the duty of the county clerk, the Common-
wealth’s attorney, and the commissioner of the revenue, who are hereby
constituted a board of canvassers for that purpose, to meet in the clerk’s
office of said county and to canvass the returns of such special elections,
and to certify the results ascertained by them to the board of supervisors
of the county, who shall spread the same upon the minutes of the board,
and when this shall have been done, if no notice of contest of said elec-
tion shall have been filed within ten days after said election, the certifi-
cates of the canvassing board, hereby created, shall be conclusive of the
legality and regularity of said special election and of the result thereof.

§. All registered voters of any such school district who were qualified
by law to vote in the last preceding general election shall be qualified to
vote in any such special election.

§9. From the school levies of any such school district there shall be
paid, as it matures, the interest on the bonds hereby authorized, and
there shall be set aside annually, as a sinking fund, such a sum as will
provide for the payment of the principal when it matures. Such sink-
ing fund shall be invested in the bonds hereby authorized, or in such
other securities as the said board may, with the approval of the division
superintendent of schools for said county, select. The said school board
ehall annually report to the board of supervisors of the county the amount
of the debt outstanding and the amount and condition of the sinking
fund.

§10. This act shall not be construed to repeal or amend any special
acts passed by this or any previous general assembly, allowing or author-
izing any school district in this State to borrow money and to issue bonds
therefor. (Acts nineteen hundred and eight, page one hundred and
three. )