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
Volume | 1922 |
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Law Number | 118 |
Subjects |
Law Body
Chap. 118.—An ACT to amend and re-enact an act entitled an act to authorize
the school board of Pleasant Grove magisterial district, No. 3, of the
county of Norfolk, to borrow money for the purpose of school improve-
ments in said district, and to issue bonds therefor, not exceeding $50,000.00
in amount, approved February 25, 1920. [H B 198]
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 Pleasant Grove
magisterial district, number three, of the county of Norfolk, to borrow
money for the purpose of school improvements in said district, and
to issue bonds therefor, not exceeding fifty thousand dollars in amount.
approved February twenty-fifth, 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 Pleasant Grove magisterial district, number three, of the
county of Norfolk, be authorized and empowered to borrow money
not to exceed the sum of fifty 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 fifty thousand dollars, the said bonds to be in denomi-
nations of one thousand dollars, to bear interest at the rate of six per
centum per annum, payable semi-annually, with interest coupons there-
to attached, and the principal thereof to be paid twenty years after
date thereof, and to be a lien upon all the school property of said
school district number three 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
Pleasant Grove magisterial district, number three, of the county of
Norfolk, in the State of Virginia, is justly indebted to _._._--_._--_- >
or bearer, in the sum of ~-----------__ dollars, redeemable twenty
years after date hereof, and bearing interest at the rate of six per
centum per annum from date, payable semi-annually, on surrender
of the proper coupons hereto attached, until payment of the principal
sum. In testimony whereof the said school board of Pleasant Grove
magisterial district, number three, of the county of Norfolk, has
caused the corporate seal 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 the 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 interest, and also for
the principal 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 shall 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 purpose herein 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.