Chap. 345.—An ACT to authorize the Board of Visitors of the Virginia School
for the Deaf and the Blind to sell a tract of land in or near Staunton, Virginia,
and to hold the proceeds of sale as a permanent endowment for suct school.

H B 410)
Approved March 27, 1946

Be it enacted by the General Assembly of Virginia:

1. That the Board of Visitors of the Virginia School for the Deaf
and the Blind is hereby authorized and empowered to sell, at such time
and for such consideration as it may deem best, and to convey to the pur-
chaser by a proper deed or deeds approved by the Attorney General,
executed for and on behalf of the Commonwealth of Virginia and the
Virginia School for the Deaf and the Blind by such person or persons as
may be thereunto authorized by such Board of Visitors, a tract or parcel
of land containing approximately three acres, lying partly in the city of
Staunton and partly in the county of Augusta, and being a part of the
larger tract on which the school buildings are located, such tract pro-
posed to be sold being bounded on the north by other lands of the Vir-
ginia School for the Deaf and the Blind, on the east by a rock quarry, on
the south by lands of Echols Brothers, Incorporated, and on the west by
the right of way of the Chesapeake and Western Railway Company and
the lands of others.

The Board of Visitors is directed to hold the money received from
such sale in a special trust as a permanent endowment for the Virginia
School for the Deaf and the Blind, the principal thereof to be invested
in safe, income producing securities, and the income from such invest-
ments to be used for the benefit of the school and the deaf and blind
children therein.