Chap. 323.—An ACT authorizing the county school board of Amherst county to
borrow money, not in excess of $20,000.00, and to issue its time warrants
therefor, for county school purposes in the said county. {(H B 418]

Approved March 20, 1924.

1. Be it enacted by the general assembly of Virginia, That the
county school board of Amherst county is hereby authorized to borrow
a sum of money not exceeding twenty thousand dollars, for county
school purposes in the county of Amherst, and to issue its time warrants
therefor, the said time warrants to be payable at such time or times from
the date thereof as the said board may provide; and they shall bear
interest at not exceeding six per centum per annum. The time war-
rants issued by the said school board in pursuance of this act shall be
signed by the chairman and countersigned by the clerk thereof. The
said time warrants shall be a lien on all the public school property in
said county. From the county school levies of Amherst county there
shall be paid, as it matures, the interest on the time warrants hereby
authorized, and there shall be sct aside annually, as a sinking fund, such
a sum as will provide for the payment of the principal when it matures.

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