CHAPTER 572

An Act to amend and reenact § 28-18 of the Code of Virginta relating to
acquisition, erection or refinancing of projects by certain educational
institutions.

[S 444]
Approved April 5, 1966

Be it enacted by the General Assembly of Virginia:

Hae That § 23-18 of the Code of Virginia be amended and reenacted as
ollows:

§ 23-18. The consent of the Governor being first had and obtained,
every institution shall have power and is hereby authorized and empowered
to acquire by purchase, gift, or otherwise, any project or to erect the same
or to refinance the cost of acquisition or erection of any project, and in
connection therewith to borrow money, and make, issue, and sell its bonds
as hereinafter provided, and to enter into and perform all lawful contracts
and agreements and do all lawful acts and things necessary or proper, and
further to make such lawful contracts and agreements and do and perform
all such lawful acts and things as may be necessary, proper or advisable
for the purpose of obtaining and /or securing grants, loans and/or financial
assistance of any kind or sort in connection therewith under any act of
Congress or of this State.