CHAP. 129.—An ACT to amend and re-enact an act entitled an act to author-
ize the school board of Jerusalem magisterial district, Southampton
county, Virginia, to borrow money for the purpose to pay off school
indebtedness in said district, and to issue bonds therefor, not exceeding
$12,000 in amount, approved March 7, 1912. (H. B. 125)

Approved March 18, 1915.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to authorize the school board of Jerusalem magisterial
district, Southampton county, Virginia, to borrow money for the purpose
to’ pay off school indebtedness in said district, and to issue bonds there-
for, not exceeding twelve thousand ($12,000) dollars in amount, ap-
proved March seventh, nineteen hundred and twelve, be amended and
re-enacted so as to read as follows:

' That the school board of Jerusalem magisterial district, Southampton
county, Virginia, be authorized and empowered to borrow money not to
exceed the sum of twelve thousand ($12,000) dollars, the same to be
used for the purpose to pay off school indebtedness in said district.

2. The said school board may issue bonds not to exceed the said
sum of twelve thousand dollars, the said bonds to be in denominations
of one hundred dollars each, to bear interest not to exceed six per centum
(6%) per annum, payable annually with coupons attached, and the
principal to be paid in twenty (20) years after date thereof, and to be
a lien upon all the school property of the said district. The school
property of said district shall be pledged for the payment of the principal
and interest. and the said bonds shall be in the form following:

Know all men by these presents, that the school board of Jerusalem
magisterial district, Southampton county, Virginia, is justly indebted
0 or order, in the sum of ..........
UTTETITETITETICCO Terre Tie dollars, and bearing interest at the rate
of six per centum (6%) per annum from date, payable annually on
surrender of the proper coupons attached thereto, until payment of the
principal sum. The said bond to be non-taxable for county and district
purposes, with right of the said school board, at any time after twelve
months from the issue of said bonds, upon giving ninety days notice by
due advertisement in the county papers, and the Norfolk, Virginia,
morning paper, to call in and pay off one or all of the said bonds, interest
thereon to cease from and after the expiration of publication of such
notice.

In testimony whereof, the said school board of Jerusalem magisterial
district, Southampton county, Virginia, has caused the corporate seal
of the same to be affixed, this the .......... day of
nineteen hundred and ..........-....eeeeeeeee

8. That in making sale of the said bonds that shall be issued in
accordance with the provisions of this act, the same shall not 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 principal
of said bonds in such manner and bv such means as it shall be necessary
out of the district school funds; and the trustees of the said district
shall execute a deed of trust upon all the school property in said district
to further secure the payment of the said bonds and of all interest that
may accrue thereon.

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

5. The necessity of raising the money for the purpose of running
the school, in said district creates an emergency, and this act shall be
in force from its passage.