Chap. 59.—An ACT authorizing the county school board of Chesterfield
county to borrow money, not in excess of $30,000.00, and to issue its
bonds therefor, for the purpose of erecting and equipping school
buildings in Midlothian school district; and requiring the board of
supervisors of said county annually to. levy a tax to pay the interest
thereon, and to create a sinking fund to redeem the principal thereof
at maturity. fH B 63]

Approved March 21, 1928.

1. Be it enacted by the general assembly of Virginia, That
the county school board of Chesterfield county is hereby au-
thorized to borrow a sum of money not exceeding thirty thou-
sand dollars, and to issue its bonds therefor, the said bonds to
be issued in such demonations and to be payable at such time or
times, not exceeding thirty years from the date thereof, as the
said board may provide; they shall bear interest at not exceed-
ing six per centum per annum, and shall not be sold for less than
ar.

P The bonds issued by the said school board in pursuance of
this act shall be signed by the chairman and countersigned by
the clerk thereof. The proceeds shall be used in Midlothian
school district as follows: Twenty thousand dollars thereof shall
be used to construct and equip a school building at Midlothian,
and the balance of ten thousand dollars shall be used to erect and
equip a school building at Bon Air. The said bonds shall be a
lien on all the public school property in said school district.

After the issuance of the bonds provided for in this act, the
board of supervisors of Chesterfield county shall annually levy
a special tax on all the property subject to local school] taxation
in said school district sufficient to pay the interest on the said
bonds, and to create a sinking fund to redeem the principal
thereof at maturity.

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