CHAPTER 585

An Act to amend and reenact § 58-946 of the Code of Virginia, relating
to authority of county depository to deposit securities with State
Treasurer.

[H 621]

Approved April 3, 1952

Be it enacted by the General Assembly of Virginia:
i That § 58-946 of the Code of Virginia be amended and reenacted as
follows:

§ 58-946. In any county of the Commonwealth * a depository of
county funds may, in lieu of depositing securities as provided in § 58-945,
deposit such securities with the State Treasurer, whereupon the faith
and credit of the Commonwealth shall be pledged for their return to the
depository in accordance with the provisions of the agreement under which
they are deposited. In cases of controversy arising between the parties
while the securities are actually in the custody of the State Treasurer, the
Commonwealth hereby consents to be sued with respect thereto and when
the Commonwealth shall become a party to any such suit, the State
Treasurer and the Auditor of Public Accounts shall be named defendants
on behalf of the Commonwealth. Any such suit shall be brought in the
Circuit Court of the City of Richmond and the controversy shall be deter-
mined as in other suits at law or in equity, as the case may be.