Chap. 304.—JOINT RESOLUTIONS Proposing an Amendment to the Con:
stitution of Virginia, in Relation to the Clause in Respect to and Entitlec
Usury, and Providing for the Publication of the said Amendment and foi
the Communication of a Copy thereof, and of these Resolutions, to the

, General Assembly to be Chosen at the Next General Election of Senator:
and Members of the House of Delegates.

4

Approved March 31, 1871.

1. Resolved by the senate and house of delegates, (a ma
jority of the members elected to each of the two houses agree-
ing thereto), That the following amendment be and is hereby
proposed to the constitution of Virginia, and is hereby re
ferred to the general assembly, to be chosen at the next gene.
ral election of senators and members of the house of delegates
for its concurrence, in conformity with Article XII. of said con-
stitution, viz:

Strike out from the constitution of the state of Virginia the
clause in reference to usury, which is in these words:

“Oeury.

“Upon debts hereafter contracted it shall be lawful to receive
any rate of interest, not exceeding twelve per centum per
annum, which may be agreed upon by the parties and be speci.
fied in the bond, note, or other writing evidencing the debt.
When there is no such agreement the rate of interest shall be
six per centum per annum for the use and forbearance of every
hundred dollars.”

2. Resolved, That the clerk of the house of delegates, or
the clerk of the senate, be authorized and required, or, if a
vacancy shall happen in both of said offices, the presiding offi-
cer of either house of the general assembly, be authorized and
requested to cause the proposed amendment and these resolu-
tions to be published, in some newspaper published in the city
of Richmond, for three months previous to the time of choos-
ing the general assembly, at the next general election of sena-
tors and members of the house of delegates.

3. Resolved, That the clerk of the senate and clerk of the
house of delegates be required to transmit to the general as-
sembly, to be chosen at the next general election of senators
and members of the house of delegates, a certified copy of
said amendment and these resolutions, together with a certifi-
cate of publication by the publisher of the newspaper in which
the proposed amendment shall have been published.