Chap. 11.—An ACT to validate the authorization of one hundred and ten thousand
arp ($110,000) school bonds of the city of Hampton, Virginia, and pro-
for their issuance and sale and the payment thereof by an annual tax on
yaxable property in the city. [H B 2]

Approved February 11, 1932

/1. Beit enacted by the general assembly of Virginia, That all pro-
eedings of the school board of Elizabeth City county, Virginia, the
board of supervisors of Elizabeth City county, Virginia, the city council
of the city of Hampton, Virginia, the school board of the city of Hamp-
ton, Virginia, and the circuit court of Elizabeth City county, Virginia,
taken in connection with the issuance of one hundred and ten thousand
dollars ($110,000) bonds of the city of Hampton, to be issued for the
purpose of building certain necessary additions to the Hampton high
school, and for purchasing additional equipment in order to furnish
adequate accommodations for the present high school enrollment, as
authorized by the vote of the qualified voters of the city of Hampton,
at an election held on the second day of June, nineteen hundred and
thirty-one, and all proceedings, notices, and other steps taken in con-
nection with said election and the issuance of these bonds be, and the
same are hereby, legalized, approved and validated.

2. The said bonds, or such part or parts thereof as may be neces-
sary, shall be issued in such form and in such denominations as the
school board of the city of Hampton may decide upon, and shall be
payable within thirty years from their date in such instalments as said
school board may determine, and shall bear interest at a rate not to ex-
ceed six (6) per centum per annum. Before said bonds are issued a
resolution must be adopted by the city council by the recorded affirma-
tive vote of a majority of all the members elected to said council ap-
proving the resolution adopted by the school board directing the is-
suance of said bonds, which resolution of the city council shall also
authorize the issuance of said bonds as provided by said resolution of
the school board. |

3. Said bonds shall be sold by the school board of the city of
Hampton either at public or private sale for not less than par, and said
bonds when sold, delivered and paid for shall constitute legal and valid
binding obligations of said city, and taxes sufficient to pay the princi-
pal of and interest on said bonds shall be levied by the city council of
said city upon the taxable property therein.

4. The school board of the city of Hampton is hereby authorized
to use the proceeds of the sale of these bonds in the payment of the
cost of the above-mentioned addition and the equipping thereof and of
any temporary or other debts which it was necessary for the city to in-
eur during the course of the construction of the above-mentioned addi-
tions to said school building and the equipping thereof, but the pur-
chaser of these bonds shall not be required to see to the application of
the proceeds of the sale thereof.

5. All acts or parts of acts in conflict herewith are hereby repealed.

6. An emergency existing, this act shall be in force from its
passage.