Chap. 21.—An ACT to authorize the board of publie works to sell the
state’s interest in the Jackson’s river turnpike company.

Approved January 13, 1877.

Whereas the commonwealth is the owner of threc-fifths of
the capital stock of the Jackson’s river turnpike company,
which said stock is wholly unproductive:

1. Be it enacted by the general assembly ot Virginia, That
the board of public works be, and they are hereby authorized
and directed, in their discretion, to advertise and sell at pub-
lic auction, to the highest bidder, upon such terms as said
board may prescribe, all of the stock held by the state in the
Jackson’s river turnpike company; and the purchaser thereof
shall be substituted to all the rights and privileges of the
state as stockholder in said company; and may make such
arrangements for the repairs and future management of said
turnpike as may be agreed on in any general meeting of the
stockholders. )

2. After paying the liabilities of said road and the expenses
of sale, the residue thereof (if any) shall be paid into the
state treasury to the credit of the sinking fund.

3. This act shall be in force from its passage.