Chap. 9.—An ACT to provide for Funding the Interest upon the Publie
Del >
ebt.

Passel March my be

1. Be it enacted by the general assembly, That the holders
of the registered bonds of the state of Virginia, issued
before the seventeenth day of April, eighteen hundred and
sixty-one, be and they are hereby authorized to invest the
interest due upon said bonds in registered bonds of the state,
bearing the same rate of interest as the principal of the bond
hears, and payable at any time the holder may elcct, not less
than ten nor more than thirty-four years from the date.
Sneh bonds shall bear date on the first day of January,

eighteen hundred and sixty-six, and may be issued for sums
of one hundred dollars, or any multiple thereof, and shall be
in the form and executed in the mode preseribed by law for
the issue of the certificates of registered debt of the state.
But the interest upon the bonds so issued shall not be paya-
ble before the first day of July, eighteen hundred and sixty-
seven.

2. The holders of the coupon bonds issued by the state
before the seventeenth day of April, eighteen hundred and
sixty-one, are hereby authorized to invest the interest due
upon said bonds in either coupon or registered bonds of the
state, bearing the same rate of interest as the principal of
the bond bears: and the interest thereon, if the bond is a
coupon, shall be payable at the place w here the interest. on
the principal bond is provided to be paid; and such bond
may be payable at any time the homer may elect, not less
than ten nor more than thirty-four years from its date. Such
bonds shall bear date on the first day of January, eighteen
hundred and sixty-six; and if coupon, may be issued for
sums of five hundred dollars, or any multiple thereof; or if
registered, in sums of one hundred dollars, or any multiple
ther eof; and shall be in the form and executed in the mode
prescribed by law for the issue of the certificates of regis-
tered or coupon bonds of the state. But the interest upon
the bonds so issued shall not be payable before the first day
of July, eighteen hundred and sixty-seven.

8. For any fractional sums of interest which cannot be
invested under the two preceding sections of this act, cer-
tificates shall be issued in the form and mode prescribed by
law for the issue of certificates of the registered debt of the
state, payable in two, three or four years, with such interest
thereon as is prov ided in the case of the bonds hereinbefore
authorized to be issued.

4. The holders of any of the bonds of the state issued
before the seventeenth day of April, eighteen hundred and
sixty-one, may, after the first day of January, eighteen hun-
dred and sixty-seven, invest the interest which shall be
then due thereon, and not invested under the first and second
sections of this act; and may also invest the certificates of
debt, mentioned in the preceding section, in bonds of the
state, bearing date the tirst of January, eighteen hundred
and sixty: seven, In all respects similar to the bonds provided
for in said first and second sections; and for any fractional
sum of interest which cannot be so invested, certiticates shall
be issued as is provided in the preceding sections.

5. The holders of bonds of the state issued by the restored
government of Virginia since the creation of the state of
West Virginia, are hercby authorized to invest the interest
now due thereon, or which m: ly become due up to the first
of January, eighteen hundred and sixty-seven, in the same
manner as is hereinbefore provided for the interest due or to
become due upon the debt of the state of Virginia incurred
before the seventeenth of April, A. D. eighteen hundred and
sixty-one.

6. The auditor of public accounts shall have the bonds
which shall be required, prepared, and shall perform all the
duties under this act which are required by law to be per-
formed by the second auditor in the issue of the certificates
of debt of the state.

oe

7. This act shall be in foree from its passage.

Chap. 9.—An ACT to provide for Funding the Interest upon the Publie
Del >
ebt.

Passel March my be

1. Be it enacted by the general assembly, That the holders
of the registered bonds of the state of Virginia, issued
before the seventeenth day of April, eighteen hundred and
sixty-one, be and they are hereby authorized to invest the
interest due upon said bonds in registered bonds of the state,
bearing the same rate of interest as the principal of the bond
hears, and payable at any time the holder may elcct, not less
than ten nor more than thirty-four years from the date.
Sneh bonds shall bear date on the first day of January,

eighteen hundred and sixty-six, and may be issued for sums
of one hundred dollars, or any multiple thereof, and shall be
in the form and executed in the mode preseribed by law for
the issue of the certificates of registered debt of the state.
But the interest upon the bonds so issued shall not be paya-
ble before the first day of July, eighteen hundred and sixty-
seven.

2. The holders of the coupon bonds issued by the state
before the seventeenth day of April, eighteen hundred and
sixty-one, are hereby authorized to invest the interest due
upon said bonds in either coupon or registered bonds of the
state, bearing the same rate of interest as the principal of
the bond bears: and the interest thereon, if the bond is a
coupon, shall be payable at the place w here the interest. on
the principal bond is provided to be paid; and such bond
may be payable at any time the homer may elect, not less
than ten nor more than thirty-four years from its date. Such
bonds shall bear date on the first day of January, eighteen
hundred and sixty-six; and if coupon, may be issued for
sums of five hundred dollars, or any multiple thereof; or if
registered, in sums of one hundred dollars, or any multiple
ther eof; and shall be in the form and executed in the mode
prescribed by law for the issue of the certificates of regis-
tered or coupon bonds of the state. But the interest upon
the bonds so issued shall not be payable before the first day
of July, eighteen hundred and sixty-seven.

8. For any fractional sums of interest which cannot be
invested under the two preceding sections of this act, cer-
tificates shall be issued in the form and mode prescribed by
law for the issue of certificates of the registered debt of the
state, payable in two, three or four years, with such interest
thereon as is prov ided in the case of the bonds hereinbefore
authorized to be issued.

4. The holders of any of the bonds of the state issued
before the seventeenth day of April, eighteen hundred and
sixty-one, may, after the first day of January, eighteen hun-
dred and sixty-seven, invest the interest which shall be
then due thereon, and not invested under the first and second
sections of this act; and may also invest the certificates of
debt, mentioned in the preceding section, in bonds of the
state, bearing date the tirst of January, eighteen hundred
and sixty: seven, In all respects similar to the bonds provided
for in said first and second sections; and for any fractional
sum of interest which cannot be so invested, certiticates shall
be issued as is provided in the preceding sections.

5. The holders of bonds of the state issued by the restored
government of Virginia since the creation of the state of
West Virginia, are hercby authorized to invest the interest
now due thereon, or which m: ly become due up to the first
of January, eighteen hundred and sixty-seven, in the same
manner as is hereinbefore provided for the interest due or to
become due upon the debt of the state of Virginia incurred
before the seventeenth of April, A. D. eighteen hundred and
sixty-one.

6. The auditor of public accounts shall have the bonds
which shall be required, prepared, and shall perform all the
duties under this act which are required by law to be per-
formed by the second auditor in the issue of the certificates
of debt of the state.

oe

7. This act shall be in foree from its passage.