Chap. 294.—An ACT to amend and re-enact sections 1 and 8 of an act entitled
“an act to authorize the issuance of bonds by county school boards of counties
in the State of Virginia for the purpose of funding or refunding any of the
current indebtedness of such counties incurred for school purposes and for the
purpose of constructing school buildings or additions thereof,” approved March
24, 1930, so as to include existing obligations incurred for school purposes.

[S B 370]
Approved March 24, 1932

1. Be it enacted by the general assembly of Virginia, That sections
one and eight of an act entitled “an act to authorize the issuance of
bonds by county school boards of counties in the State of Virginia for
the purpose of funding or refunding any of the current indebtedness of
such counties incurred for school purposes and for the purpose of con-
structing school buildings or additions thereof,’ approved March
twenty-fourth, nineteen hundred and thirty, be amended and re-enacted
so as to read as follows:

Section 1. Upon the petition to the county school board of two
hundred resident taxpayers of any county in this State, such school
board may adopt a resolution reciting the expediency of borrowing
money by such county and the issuance of bonds therefor, for the
purpose of refunding any floating indebtedness or meeting any other
obligations, incurred by such county or by the county school board
thereof for school purposes, or for the purpose of providing funds for
the construction of school buildings or additions to school buildings
or for both of said purposes, if said petition shall so provide. Said
resolution shall set forth the amount of such issue or issues, the length
of time for which they are to run, not exceeding thirty years from their
date, the interest to be paid thereon, and in the event said county school
board shall desire to reserve an option to redeem said bonds prior to
maturity, said resolution shall state the time when said bonds shall be
so redeemable. A certified copy of said resolution shall be forthwith
presented to the circuit court or to the judge thereof in vacation. Said
court or judge, upon the receipt of said certified copy of such resolu-
tion, shall by order entered in term time or vacation, direct the proper
officers of said county to take such steps and prepare such means as
may be necessary to submit to the qualified voters of such county at a
special election for determination, the question of whether such bonds
shall be issued, and the court or judge shall make such order as may
be proper to give due publicity to such election. The poll books and
the certificates of the judges of election shall be delivered by one of
the judges of election from each precinct in said county or district, to
the clerk of the court ordering such election, and the result thereof
certified by the clerk to the county school board and to judge of said
court ordering said election.
— Section 8. No election shall be held or bonds issued under the
authority of this act after the thirty-first day of December, nineteen
hundred and thirty-two.
2. An emergency existing, due to the necessity of refunding certain
indebtedness and meeting certain obligations of counties, this act shall
be in force from its passage.