An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
Chap. 30.—An ACT to authorize the school board of Washington magiste-
rial district, No. 5, of the county of Norfolk, to borrow money for the
purpose of school improvements in said district, and to issue bonds
therefor, not exceeding $20,000.00 in amount.
Approved February 14, 1912.
1. Be it enacted by the general assembly of Virginia, That
the school board of Washington magisterial district, number five,
of the county of Norfolk, be authorized and empowered to borrow
money, not to exceed the sum of twenty thousand dollars, the
same to be used for school improvements in said district.
2. That the said school board may issue bonds not to exceed
the said sum of twenty thousand dollars; the said bonds to be
in denominations of five hundred dollars and one thousand dol-
lars, to bear interest not to exceed five per centum per annum,
payable semi-annually, with interest coupons attached thereto,
and the principal thereof to be paid twenty years after the date
thereof, and to be a lien upon all the school property of said
school district, number five, 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
Washington magisterial district, number five, of the county of
Norfolk, in the State of Virginia, is justly indebted to........
or bearer in the sum of.......... dollars, and bearing interest
at the rate of five per centum per annum from date, payable
semi-annually on surrender of the proper coupons hereto at-
tached, until payment of the principal sum. In _ testimony
whereof the said school board of Washington magisterial district,
number five, 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...... day of........
nineteen hundred and............
3. That in making sale of said bonds that shall be issued in
accordance 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 in-
terest, and also for the principal of said bonds, in such manner
and by such means as it shall deem necessary.
4. That 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 purposes hereinbefore set out.
5. The necessity of raising money for the purposes of school
improvements in this district creates an emergency, and this act
shall be in force from its passage.