Chap. 239.—An ACT to authorize the county school board of Lee county to issue
and sell bonds for the purpose of erecting a high school building in White Shoals
district of said county; and to levy a tax for the retirement of the same; and
to provide for the submission of the question of the issuance of said bonds to a
vote of the people of said district. [H B 395]

Approved March 14, 1924,

1. Be it enacted by the general assembly of Virginia, That the
county school board of Lee county be, and it hereby is, authorized to
borrow a sum not exceeding twenty-five thousand dollars ($25,000.00),
and to issue its bonds therefor, for the purpose of erecting a high school
building in the White Shoals school district of said county. The said
bonds shall be a lien on the public property of the said district ; they may
be issued in such denominations as the said board may provide, and
may be either coupon or registered bonds; they may be made
payable at such time or times not exceeding twenty years as the said
board may provide; they shall bear interest not to exceed six per centum
per annum and shall not be sold at less than par; they shall be signed
by the chairman of the said board and countersigned by the clerk
thereof.

2. The board of supervisors of Lee county shall provide for the
annual levy and collection of tax upon all the property within said White
Shoals school district, subject to taxation for such purpose, at such
lawful rate as will provide for the payment of interest on the aforesaid
bonds, and for the accumulation of a sinking fund to pay the principal
thereof at maturity. ;

3. But the foregoing provisions of this act are subject to the fol-
lowing qualification, that no bonds shal! be issued under this act unless
and until at a special election to be held in the said district on such date as
may be fixed by the judge of the circuit court of the said county on ap-
plication by the county school board, a majority of the qualified voters
of the said school district voting in the said election shall vote in favor
of the issuance of such bonds. And it is hereby made the duty of the
regular election officers to prepare the ballots and otherwise provide for
the submission of the said question to the voters at the said election.
On each ballot shall be printed in separate lines the following:

For Bond Issue
Against Bond Issue

Voters desiring to vote in favor of the issuance of the said bonds shall
strike out the words, ‘‘Against bond issue,” voters desiring to vote
against the bond issue shall strike out the words ‘‘For bond issue.”
Voters striking out or erasing the words “for’’ or “‘against”’ shall be
deemed to have stricken out or erased the entire line.

4, Anemergency existing, this act shall be in force from its passage.