CHAP. 486.—Proposing amendment to Section 134 of the Constitution of Virginia.

[SJ R 3]
Signed February 18, 1942

Resolved by the Senate, the House of Delegates concurring, a ma-
jority of the members elected to each house agreeing, That the following
amendment to section one hundred and thirty-four of the Constitution
of Virginia be, and the same is hereby, proposed and referred to the
General Assembly at its first regular session held after the next general
election of members of the House of Delegates for its concurrence, in
conformity with the provisions of section one hundred and ninety-six of
the said Constitution, namely:

Strike out from the Constitution of Virginia, section one hundred
and thirty-four which is in the following words:

Section 134. Literary Fund.—The General Assembly shall set apart
as a permanent and perpetual literary fund, the present literary fund of
the State; the proceeds of all public lands donated by Congress for public
free school purposes; of all escheated property; of all waste and unap-
propriated lands; of all property accruing to the State by forfeiture, and
all fines collected for offenses committed against the State, and such
other sums as the General Assembly may appropriate. :
And insert in lieu thereof the following: — 3 -

Section 134. Literary Fund—The General Assembly shall set
apart as a permanent and perpetual literary fund, the present literary
fund of the State; the proceeds of all public lands donated by Congress
for public free school purposes; of all escheated property; of all waste
and unappropriated lands; of all property accruing to the State by for-
feiture, and all fines collected for offenses committed against the State,
and such other sums as the General Assembly may appropriate; pro-
vided that when and so long as the principal of the literary fund amounts
to as much as ten million dollars, the General Assembly may set aside
all or any part of moneys thereafter received into the principal of said
fund for public school purposes including teachers retirement fund to be
held and administered in such manner as may be provided by general law.