Chap. 137.—An ACT to provide for the sale of property, real or personal
held subject to a deed or deeds of trust, to secure the payment of
money, or any evidence of debt, where there is no date fixed for the
payment thereof, and for the investment of the proceeds of sale under
decree of court subject to the terms of said deed or deeds of trust.

(H. B. 375.)
Approved March 9, 1916.

1. Be it enacted by the general assembly of Virginia, That
when anv property, real or personal, is conveyed by deed or
deeds of trust, whether heretofore or hereafter made, to a trus-
tee or trustees, to secure the payment of a debt, money, notes,
bonds, stocks, or other evidences of debt, where there is no date
fixed for the maturity thereof, and such deed or deeds of trust
contains no provision authorizing the trustee or trustees to make
sale of said property, or any part thereof, and the re-investment
of the proceeds of sale in other property subject to the terms
of said deed or deeds of trust, it shall be lawful for the circuit
and corporation courts, or such court having jurisdiction of the
subject matter, upon a bill filed by any one or more of the lien
debtors, in which bill all persons interested in said lien, and all
holders of the evidences of debt secured by the deed or deeds of
trust thereon, and all other necessary or proper parties, except
the plaintiffs, shall be made defendants, to decree a sale of said
property, or any part thereof, and to invest the proceeds of-sale
under decree of court subject to the terms of the said deed or
deeds of trust; provided, that the bill of complaint shall set forth
facts which will justify the sale of said property, to be verified
by the affidavit of at least one of the plaintiffs; provided, fur-
ther, no decree shall be made authorizing such sale unless it
shall be shown to the satisfaction of the court, that the interests
of the lien debtor or debtors will be promoted, and the interests
of no person or persons holding the evidences of debt secured
by said deed or deeds of trust, will be violated thereby; and pro-
vided further, that sections twenty-four hundred and thirty-
four and twenty-four hundred and thirty-five of the Code of
Virginia shall apply to the proceedings upon said bill; provided,
further, the plaintiff or the party for whose benefit the suit is
brought shall bear the cost.