Chap. 17.—An ACT to Amend and Re-enact the 8th Section of an Act
entitled ‘‘An Act directing the Board of Public Works to sell the State's
interest in the various Internal Improvement Companies of the Com-
monwealth,” approved March 28, 1871.

Approved January 17, 1872.

1. Be it enacted by the general assembly, That the eighth
section of “an act directing the board of public works to sell
the state's interest in the various internal improvement com.
panies of the commonwealth,” approved March twenty-eight,
eighteen hundred and seventy-one, be amended and re-enacted
80 as to read as follows:

Ҥ 8. If any internal improvement company of the state
shall fail or refuse to accept the provision of this act within
six months after its passage, then the board of public works
are hereby authorized and directed to sell the stocks and in-
terest held by the state in said companies to the highest bidder
at public auction, after sixty days’ notice, published in the
papers of the city of Richmond, for the best price that can be
obtained for them, payable in the bonds of the state at their
par value. At any such sale, any company may become a pur-
chaser of the state's interest in said company; but no such
sale shall be made of any stocks, bonds, loans or claims held
by the state in or against the said companies for less than the
par value of such stocks, bonds, loans or claims, and the in.
terest which may have accrued and is now due thereon, or for
less than the market value thereof, where the market value ex-
ceeds the par value of said stocks, interest, &c.

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