Chap. 271.—An ACT to authorize the rector and visitors of the Univer-
sity of Virginia to enter into a contract with Dr. William E. Hopkins,
of New York city, in regard to a conditional donation and to enter
into contracts of a similar nature with others.. (H. B. 261.)

Approved March 16, 1916.

1. Be it enacted by the general assembly of Virginia, That
the rector and visitors of the University of Virginia be and are
hereby authorized to enter into a contract with Doctor William
E. Hopkins, of New York city, under the terms of which the
said Doctor William E. Hopkins will deliver to the said rector
and visitors of the University of Virginia a sum of money not
greater than thirty-five thousand dollars and not less than twen-
ty-five thousand dollars, said sum to be used by said the rector
and visitors of the University of Virginia in the erection of a
teaching building at the University of Virginia. And during
the whole of the natural life of said Doctor William E. Hopkins
said the rector and visitors of the University of Virginia shall
pay to him in consideration of said donation the sum of twelve
hundred dollars per annum, but upon the death of said Doctor
William E. Hopkins the sum so delivered by him shall become
the absolute property of said the rector and visitors of the Uni-
versity of Virginia, free from any further payment to the es-
tate of said Doctor William E. Hopkins by said the rector and
visitors of the University of Virginia, or any claim on the part
of said estate against said the rector and visitors of the Uni-
versity of Virginia.

And said the rector and visitors of the University of Vir-
ginia are further authorized and empowered to enter into such
other contract or contracts for the acceptance by them of sums
of money upon which the donor requires as consideration for
and as a condition to the gift that an annuity be paid by said
donee during the life-time of the donor, or for some other fixed
period not extending beyond the life of the donor, provided such
donation or gift shall become absolute, complete and uncondi-
tional upon the determination of the period during which such
annuity is to be paid. Said the rector and visitors of the Uni-
versity of Virginia shall fix the amount of such annuity at a
sum not exceeding five per centum upon the principal amount
of the donation, and may also impose such other conditions,
limitations and restrictions with reference to such donations as
they may consider necessary.