Chap. 475.—An ACT to amend and re-enact an act entitled an act to authorize
the trustees of New London Academy to lease said buildings to county
superintendents of schools of Bedford and Campbell counties for school
purposes, approved May 10, 1887, as amended by an act approved March 12,
1912, authorizing the trustees of New London Accademy to convey the real
and personal property vested in them to the county school boards of Bed-
ford and Campbell counties, and providing for the maintenance and manage-
ment of the academy; and to enlarge the powers of the said board of
managers. [S B 303]

Approved March 25, 1926.

1. Beit enacted by the general assembly of Virginia, That an act
approved March twelfth, nineteen hundred and twelve, and entitled
an act to amend and re-enact an act entitled an act to authorize the
trustees of New London Academy to lease said buildings to county
superintendents of schools of Bedford and Campbell counties for school!
purposes, approved May tenth, eighteen hundred and eighty-seven,
and authorizing the trustees of the New London Academy to convey
the real and personal property vested to them to the county school
boards of Bedford and Campbell counties, and providing for the main-
tenance and management of the academy, be amended and re-enacted
so as to read as follows:

Section 1. The trustees of the New London Academy are hereby
authorized and empowered to convey by deed, with special warranty
of title, to the county school boards of Bedford and Campbell counties
all of the estate, real and personal, held by them as such trustees, to
be held by the said county school boards for the education, use and
benefit of the white pupils living within the said counties, or in other
counties of the State of Virginia, under such provisions and restrictions
as the board of managers hereinafter provided for may prescribe.

Section 2. The control and management of the estate and admin-
istrative functions of said New London Academy shall be vested in a
board of managers composed of five persons as follows: The division
superintendent of schools of Campbell county; the division super-
intendent of schools of Bedford county; one member who is a patron
of said academy resident in Bedford county to be elected by the county
school board of Bedford county; one member who is a patron of said
academy resident in Campbell county, to be elected by the county
school board of Campbell county; and a member who is a qualified
elector and resident in Campbell or Bedford county who shall be
appointed alternatively from said counties by the State superintendent
of public instruction.

The term of office of the members elected by the school boards of
Campbell and Bedford counties shall be one year and the term of the
member appointed by the State superintendent of public instruction
shall be three years.

Section 3. The board of managers shall elect one of their number
as chairman and another of their number as clerk, and all of the ex-
penditures of the funds of the said academy shall be by checks or
warrants authorized by the said board, and signed by the chairman
and clerk, respectively.

Each member of said board shall receive the sum of forty dollars
per year as compensation for his services.

Section 4. It shall be the duty of the said board of managers to
take charge of the estate of the said academy and control the same,
with power to the said board to make and change investments of the
funds of the said academy and to apply the revenue derived therefrom
to the support and maintenance of the school, or to apply the principal
of the funds coming into their hands to the permanent improvement
of the real estate of the said academy, or to the purchase of additional
real estate, as their judgment may dictate.

It shall be the duty of the said board of managers to establish de-
partments for the education of white pupils of the counties of Bedford
and Campbell, or other counties of the State, to employ instructors,
and do all other things needful and proper for the government and
operation of the said academy.

Section 5. The board of managers shall, in addition to the powers
conferred by this act be vested with all the rights, power and authority
now or hereafter conferred by law upon county school boards, in-
cluding the right to apply for and obtain loans from the literary fund
of Virginia, in the manner prescribed by law relating to such applica-
tion by the several school boards of the school districts in this State.

And the said board of managers is especially empowered to apply
for and receive, pursuant to the terms of the said law, a loan from the
said fund for the purpose of paying off the debt incurred in the erection
of the new school building at the said New London Academy.

Section.6. The said academy shall be under the general control
and supervision of the State board of education, and in all respects
conducted in accordance with the school laws of the State, except as
herein otherwise provided for, and shall be within the jurisdiction of
the division superintendent of Bedford county, or of Campbell county,
as the board of managers may from time to time determine.

Section 7. The expenses of New London Academy shall be deter-
mined and paid according to the following plan, to-wit: The board
of managers of New London Academy shall each school session appor-
tion between the county school board of Bedford county and _ the
county school board of Campbell county, the cost of instruction,
operation and maintenance of New London Academy upon a per
capita basis in proportion to the number of pupils attending New
London Academy from each of said counties; and said board of man-
agers shall also apportion the cost of permanent jmprovements,
present loans, and insurance equally between said county school
boards. ;

The aforesaid apportionments shall be reported to the county
school boards of Bedford and Campbell counties; and each of said
county school boards shall pay to the said board of managers its pro-
portional part of the expenses of New London Academy, approximately
one-half of same, not later than October first of each year, and the
balance after February first of each year, on demand of said board of
managers after thirty days notice, to be by them disbursed as herein
provided for.

Section 8. The board of managers may, in their discretion, fix the
charge to be made for the tuition of pupils; and at the end of each
month, or at periods fixed by the said board, the clerk of the respective
school boards in which the pupils reside shall be notified of the amounts
due for the tuition of pupils from said respective school districts,
which sum shall be paid to the clerk of the board of managers by
warrants drawn in accordance with law.

2. This act shall become effective and in force beginning with
July first, nineteen hundred and twenty-six.