Chap. 132.—An ACT to authorize the school board of Tanner’s Creek magis-
terial district number six of the county of Norfolk, to borrow money
for the purpose of school improvements in said district, and to issue
bonds therefor, not exceeding twenty thousand ,$20,000) dollars in
amount. (H. B. 135)

Approved March 18, 1915.

1. Be it enacted by the general assembly of Virginia, That the school
board of Tanner’s creek magisterial district number six of the county
of Norfolk, be au horized and empowered to borrow money, not to ex-
ceed the sum of twenty thousand dollars, the same being 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 denomina-
tions 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 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 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 to .................. or bearer,
in the sum of ........ cc cee eee ee eee eens 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 attached, until pay-
ment of the principal sum. In testimony whereof, the said school board
of Tanner’s creek magisterial district number six of the county of Nor-
folk, 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......
se eeee day of .............. mimeteen hundred and ................

3. That in making sale of said bonds that shall be issued in accord-
ance 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 pro-
vide for the payment of the accruing interest, 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 herein before set out.

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