Chap. 98.—An ACT to authorize the Virginia Female Institute to
borrow money and secure the same by mortgage or trust deed.

Approved February 8, 18s4,

1. Be it enacted by the general assembly of Virginia, That
the board of directors of the Virginia temale institute, by
and with the consent of a majority of the trustees ther vot,
be, and are hereby authorized to borrow a sum or sums of
money not exc ‘coding altogether cight thousand dollars, and
to issue bonds therefor, such bonds to run not longer than
ten years, to be redeemable, at the pleasure of the institute.
after five years, and to bear interest at the rate of six per
centum per annum, payable semi-annually, and the whole
amount of bonds to be issued as aforesaid to be secured equally
by an additional mortgage or trust deed upon the property of
said institute.

2. ‘This act shall be in force from its passage.