Chap. 300.—An ACT in relation to local taxes and revenues for public free
school purposes in the county of Loudoun. [S B 305]

Approved March 24, 1926.

1. Be it enacted by the general assembly of Virginia, That in
the county of Loudoun the county and district school taxes, as author-
ized by the general laws of this State, shall be not less than fifty cents
nor more than one dollar and fifty cents in the aggregate on the one
hundred dollars of the assessed value of property subject to local
school taxation in any one year; provided, however, that nothing in
this act shall be construed to effect the additional tax of twenty-five
cents on the one hundred dollars of the assessed value of property
which may be levied under the general law in order to provide for
the interest and sinking fund of any loans negotiated or bonds issued
for school purposes.

2. One-third of the revenue produced by levies by incorporated
towns located within the county of Loudoun upon bank stock shall
be applied in aid of the public free schools of the school district in
which is located the bank or banks, respectively, and to no other
purpose, and each town treasurer shall pay over the revenue afore-
said to the treasurer of the county of Loudoun for the credit of the
proper district school fund within ten days after its receipt.

3. This act shall be in force on and after January first, nineteen
hundred and twenty-seven.