Chap. 202.—An ACT Amending the First Section of an Act passed Febru-
ary 23, 1867, entitled an Act Continuing the Payment of Interest. and
Dividends to the Incorporated Colleges and other Seminaries of Learning
in this State.

Approved July 9, 1870.

1. Be it enacted by the general assembly, That the first sec-
tion of the act passed February twenty-third, eighteen hun-
dred and sixty-seven, entitled an act continuing the payment
of interest and dividends to the incorporated colleges and
other seminaries of learning of the state, be amended and re-
enacted so as to read henceforth as follows:

Ҥ 1. That the second auditor be and is hereby authorized
and directed, until otherwise ordered, to draw on the public
treasury, in favor of the proper authorities of any incorpo-
rated college or other seminary of learning, for the interest
which has accrued or which may hereafter accrue upon any
bonds of the commonwealth or bonds of the James river and
Kanawha company, guaranteed by the commonwealth, now
held by or for such college or seminary of learning; and also
for the dividends on the stock of the old James river com-
pany; due and payable, or which may hereafter become

ue and payable by the commonwealth to such colleges and
seminaries of learning; and also for such interest and divi-
dends heretofore or hereafter accruing in favor of trustees
who hold such bonds or stocks, the interest or dividends on
which are to be applied to the use and benefit of any such col-
lege or other seminary of learning, or any department thereof:
provided, that the interest or dividends shall not}be paid on
any bonds, the payment of which is forbidden by the consti-
tution.”

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