Chap. 115.—An ACT to amend and re-enact an act entitled an act to authorize
the school board of Tanner’s creek magisterial district, No. 6, of the
county of Norfolk, Virginia, to borrow money for the purpose of school
improvements in said district and to issue bonds therefor. not to exceed the
sum of $300,000.00 in amount, approved February 28, 1920. [H B 201]

Approved March 4, 1922.

1. Be it enacted by the general assembly of Virginia, That an
act entitled an act to authorize the school board of Tanner’s creek
magisterial 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 three hundred thousand dollars
in amount, approved February twenty-eighth, nineteen hundred and
twenty, be amended and re-enacted so as to read as follows:

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 authorized and empowered to borrow money not to
exceed the sum of five hundred thousand dollars, the same to be used
for school improvements in said district.

2. That the said school board shall issue bonds not to exceed the
said sum of five hundred thousand dollars, to bear interest at the rate
of six per centum per annum, payable semi-annually, with interest
coupons attached thereto, and the principal thereof to be paid twenty
(20) years after date thereof, said bonds to be a lien upon all of the
school property of said school district, number six, of said county of
Norfolk. The said school property shall be pledged for the payment
of the principal and interest of said bonds, as therein set forth, and
as shown by interest coupons thereto attached, which said bonds shall
be in form as follows:

Know all men by these presents: That the school board of Tan-
ner’s creek magisterial district, number six, of the county of Norfolk,
in the State of Virginia, is justly indebted to and promises to pay
~------- , or bearer, the sum of one thousand dollars, bearing interest
at the rate of six per centum per annum from date, payable semi-
annually on surrender of the proper interest coupons hereto attached,
until said principal sum shall be paid in full.

In testimony whereof, the said school board of said Tanner’s creek
magisterial district, number six, of the county of Norfolk, Virginia,
hath 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
the _.______ day of ~------..-_--- , nineteen hundred and __-_-_--.

3. The said bonds shall be in denomination of one thousand dol-
lars each, and in making sale of same in accordance with the provi-
sions of this act, such bonds shall in no event be sold at less than
the par value thereof. And the said school board shall provide for
the payment of the accruing interest on said bonds, or so many there-
of as may be issued and sold, and also. for the payment of the prin-
cipal of said bonds, in such manner and by such means not in conflict
with general law as it shall deem necessary.

4. The said bonds, or any one or more of same, may be issued
pa Bald by the said school board, only for the purposes herein set
orth.

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