Chap. 210.—An ACT authorizing the school board of Mt. Gilead school district,
in the county of Loudoun, with the approval of the board of supervisors of
said county, to borrow a sum not exceeding $37,000 for the purpose of
erecting school buildings in the said district. [H B 266]

Approved March 15, 1922.

1. Be it enacted by the general assembly of Virginia, That the
school board of Mount Gilead school district, of the county
of Loudoun, Virginia, with the approval of the board of supervisors
of said county, be, and it is hereby, authorized and empowered to
borrow sums of money not to exceed a total of thirty-seven thousand
dollars, the proceeds of such loans to be used for erecting school
buildings at Hamilton, Purcellville, and Bluemont in the said district.

2. The said loan shall be effected by issuing notes of the dis-
trict school board, signed by the chairman and countersigned by the
clerk, said notes to be issued for a term of not over five years, and
to be payable at the option of the school board at any time, and to
bear interest at not exceeding six per centum per annum.

3. An emergency existing, this act shall be in force from its
passage.