Chap. 8.—An ACT to authorize the sale of Saint John’s Episcopal
church at the Old Big-Lick, or town of Gainesborough, in the county
of Roanoke, directing the reinvestment of the proceeds of such sale,
and to empower the vestry of the church to borrow money.

Approved January 8, 1877.

Whereas it is represented to the generaPassembly that the
congregation and vestry of Saint John’s Episcopal church at
the Old Big-Lick, or town of Gainesborough, in the county
of Roanoke, are desirous of selling said church with the rec-
tory thereto attached for the purpose of erecting a new church
in the incorporated town of Big-Lick, in said county, and an
advantageous sale has already been made of said property,
but an enabling act is necessary to confirm such sale and to
authorize a proper conveyance to the purchasers; and
whereas it is also represented that it may become necessary
for the vestry to borrow money with which to complete the
new church, and to secure the repayment thereof by a mort-
gage upon the church and the lot upon which it stands;

1. Be it therefore enacted, That the sale made by the vestry
of the church and rectory, as to the Old Big-Lick, is hereby
ratified and confirmed in accordance with all the tefms, stip-
ulations, and covenants of the contract of sale, and the pro-
ceeds to be invested in said new church. __

2. That whenever the terms of such sale have been fully
complied with to the satisfaction of the vestry, it shall be the
duty of the trustees of said old church and rectory, or the
survivors of them, as goon as requested so to do by the ves-
try, to convey said property by sufficient deed with special
warranty to the purchaser or purchasers thereof.

3. In the event that the terms of said sale are not per-
formed by the purchasers, and they refuse to take the pro-
perty, or any part of it, then and in that event the said trus-
tees, or the survivors of them, shall have full power and
authority to resell the whole or any part thereof, and convey
the title thereto with special warranty: provided, however,
that such resale and conveyance shall not be made without
the consent and approval of the vestry of the church evi-
denced in writing.

4. Should it be found necessary to borrow money to com-
plete the new church in the incorporated town of Big-Lick,
the vestry of the church are hereby authorized to do so at a
rate of interest not exceeding eight per centum, and the
trustees of the church or the survivors of them shall imme-
diately, upon the request and direction of the vestry, execute
and deliver a proper mortgage or trust deed upon the church
and lot on which it stands, to secure the repayment of the
money so borrowed, in accordance with the terms of the
contract.

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