Chap. 385.—An ACT to authorize school boards of counties to anticipate the pay-
ment, in whole or in part, of loans obtained from the literary fund. [HB 366]
Approved April 1, 1940
1. Beit enacted by the General Assembly of Virginia, That the
school board of any county which is indebted for any money borrowed
from the literary fund may anticipate the payment of the principal
amount of any such loan or loans, or any part thereof, by the pay-
ment of such principal with interest thereon to the date of such
anticipated payment; provided, that if any such payments are made
from borrowed money, the procedure for borrowing such money
shall be as provided in chapter three hundred and sixty-five of the
Acts of nineteen hundred and thirty as amended. :