1917 private laws – Ch.40 Sec.5

That if a majority of qualified voters in said election vote for school bonds, and the result shall be declared and recorded as aforesaid, then jit shall be the duty of the board of county commissioners of Davie County to prepare bonds in denomination not exceeding one thousand dollars and not less than one hundred dollars, the total amount not to exceed eight thousand dollars, which said bonds shall bear a rate of interest not to exceed six per cent per annum, with interest coupons attached payable semiannually on the first days of January and July, the principal whereof shall be payable or redeemable at such time or times, not exceeding thirty years from the date of issue, as the said board of commissioners of Davie County may determine; the said bonds and coupons attached thereto shall be signed by the chairman of the board of county commissioners and countersigned by the clerk of said board, and that said bonds shall have upon them the seal of the county; that said bonds shall be styled Bonds to purchase in Farmington High School District a school building site and to erect thereon a suitable school building, and to provide therefor suitable equipment.