Chap. 164.—An ACT authorizing the county school board of Chesterfield county
to borrow money, not in excess of $60,000.00, and to issue its bonds therefor,
for the purpose of making additions to and improvements in, and equipping
school buildings in Bermuda school district; and requiring the board of super-
visors 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. [H B 319]

Approved March 14, 1924.

1. Be it enacted by the general assembly of Virginia, That the
county school board of Chesterfield county is hereby authorized to
borrow a sum of money not exceeding sixty thousand dollars, and to
issue its bonds therefor, the said bonds to be issued in such denomina-
tions 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 exceeding six per centum per annum, and shall not be
sold for less than par.

2. 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 Bermuda school district for
making additions to, and improvements in, and equipping school build-
ings, as follows: For the Chester high school, forty thousand dollars; for
the Kingsland and Enon schools, twenty thousand dollars; or so much
of the maximum aforesaid in each case as may be deemed necessary b
the county school board. 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.

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