Chap. 50.—An ACI authorizing the county school board of Princess Anne
county to borrow money, not in excess of $60,000.00, and to issue its bonds
therefor, for the construction and equipment of a high school building at
Oceana in Lynnhaven school district and to pay for the site; and requir-
ing the board of supervisors 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 28|

Approved February 26, 1926.

1. Be it enacted by the general assembly of Virginia, That the
county school board of Princess Anne 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 denomi-
nations and to be payable at such time or times, not exceeding thirty
years from the date thereof, as the said board may provide. The
bonds so issued 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 to pay for the necessary land and
for the construction thereon and the equipment of a high sehool
building at Oceana in Lynnhaven school district in the said county.
The said bonds shall be a lien on all the public school property in the
said school district.

3. After the issuance of the bonds provided for in this act, the
board of supervisors of Princess Anne 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.

4. An emergency existing, this act shall be in force from its pas-
sage.