1924 extra_private laws_30_3
CHAPTER 29 AN ACT TO RATIFY AND VALIDATE THE PROCEEDINGS OF THE MINERAL SPRINGS SCHOOL DISTRICT, MOORE COUNTY, NORTH CAROLINA, FOR THE ISSUANCE OF SCHOOL BONDS OF SAID DISTRICT. The General Assembly of North Carolina do enact:
That said bonds shall be sold by the board of commissioners of Moore County at either public or private sale, and when said bonds shall have been delivered and paid for at not less than par and accrued interest, they shall constitute valid and binding obligations of said school district, and for the payment of the principal and interest on said bonds a direct annual tax not exceeding fifteen cents (15c.) on the one hundred dollars ($100) of value shall be levied by the board of commissioners of Moore County on all the taxable property within the said district.