An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1869/1870 |
---|---|
Law Number | 379 |
Subjects |
Law Body
Chap. 379.—An ACT Concerning the Estate of Uriah P. Levy, the Manage-
ment of the fame by the Board of Education, and for Other Purposes.
.Approved November 1, 1870.
Whereas, Uriah P. Levy, formerly of Virginia, but at the
time of his death of the city of New York, by his last will
and testament, devised his farm at Monticello, in Virginia, for-
merly belonging to President Thomas Jefferson, together with
all the rest and residue of his estate, real, personal, or mixed,
not thereby disposed of, after paying certain legacies and be-
quests therein contained, and especially all his real estate in
the city of New York, wherever and however situated, to the
people of the United States, or such persons as congress shall
appoint to receive it, in trust for the sole and only purpose of
establishing and maintaining at said farm at Monticello, in Vir-
ginia, an agricultural school, for the purpose of educating, as
ractical farmers, children of the warrant officers of the United
tates navy, whose fathers are dead; said children to be edu-
cated, in a plain way, in the ordinary elementary branches, to
fit them for agricultural life, and to be supported entirely by
this fund, from the age of twelve to sixteen, and each of them
to be brought up to do all the usual work done ona farm; the
said farm to be so cultivated by the said boys and their in-
structors as to raise all they may require to feed themselves
and the schoolmaster, and one other teacher, and one superin-
tendent of said farm; and whereas, he also gave and be-
queathed, for the purpose of giving such fuel and fencing for
said Monticello farm school, two hundred acres of wood land
of his Washington tarm, called the Bank farm, in Virginia;
the said two hundred acres to be taken off from said farm
therein devised to his nephew Ashel, and to be designated by
said Ashel. In establishing said farm-school, he especially re-
quired that no professorships be established in said school, or
professors be employed in said institution, his intention in
establishing the school being charity and usefulness, and not
for the purpose of pomp; and whereas, the said institution
must be kept within the revenue derived from said endow-
ment, and under no circumstances can any part of the real or
personal estate therein devised be disposed of, but the rent and
income of all said estate, real and personal, to be held forever
inviolate for the purpose of sustaining said institution, it being
the opinion of the testator that the estate and lands in New
York can be leased to a great advantage for that purpose; and
whereas, the testator, by his said will, further provided that
should the congress of the United States refuse to accept of
the said bequest, or refuse to take the necessary steps to carry
out this intention, he then devised and bequeathed all the pro-
perty thereby devised, to the people of Virginia instead of the
people of the United ‘States, provided they, by acts of their
egislature, accept it and carry it out as thereby directed; and
whereas, it is the wish and intention of the people of Virginia
to accept said bequest and devise, and to carry into effect the
intentions of the testator as therein declared :
1. Be it therefore enacted by the general assembly, That
the board of education shall bave full power and authority to
receive the estate of the said Uriah P. Levy, devised by his
said will to the people of Virginia, for and on account of said
state of Virginia, and shall have full power to defend and
maintain any suit or suits that may be necessary to enable
them fully to recover said estate, and shall have power to cause
the same to be paid into and drawn out of the treasury of this
commonwealth, in the manner that the money of the literary
fund is payable into and out of the treasury; and the treasu-
rer of this commonwealth, and his securities, shall be responsible
for the safe-keeping of the said money in the same manner that
they are re sponsible for the safe-keeping of the money of the
literary fund. Should any portion of the property so devised
be real estate, the said board shall have the further power and
authority to hold and manage the same in such manner as will
best carry into effect the intentions of the testator as expressed
in said will.
2. Be it further enacted, That the commonwealth of Vir-
ginia shall in no wise be charged with any costs of suits, fees,
or expenses heretofore or hereafter incurred in recovering, re-
ceiving, managing, or in administering said fund, or in carrying
out and sustaining said devise; but that it shall 'be the duty of
the board of education, and of the treasurer of this common-
wealth, to open an account of the said fund, to be denominated
The Levy Fund, and all payments made from the said estate
shall be credited to the said account; all costs of suits, fees,
and expenses heretofore and hereafter incurred by the board
of the literary fund,-in sustaining the devise, and in receiving,
managing, and administering the said fund, shall he charged to
and paid out of the said fund when the same or any portion
thereof may be recovered; and it shall be the duty of the said
board, from time to time, as the said fund may be received into
the treasury, to invest the net proceeds in the six per centum
bonds of this commonwealth, or in other public securities or
stocks, bearing an interest of at least six per centum per an-
num; which funds, so invested, shall be held by the said board
in trust for the uses prescribed by the testator in said will;
and the legislature reserves the right, at any time hereafter, to
enact such laws as shall be necessary the more effectually to
carry out the purposes and intentions of the testator.
3. This act shall be in force from its passage.