CHAP. 362.—An ACT to authorize the town of Liberty to donate
nsum not exceeding five thousand dollars in the bonds of said
town to the Baptist orphanage.

Approved February 25, 1890.

1. Be it enacted by the general assembly of Virginia,
That the mayor and common council of the town of Lib-
erty be, and they are hereby, authorized to donate to the
Baptist orphanage a sum not exceeding five thousand dol-
lars in bonds of said town, to be issued for the purpose,
at par: provided, that said orphanage be located in the im-
mediate vicinity of said town, and provided, that the said
mayor and common council be also authorized by the vote
of the people of said town hereinafter mentioned.

2. Said bonds shall! be coupons and shal! be issued in such
denominations and bear such rate of interest, not exceeding
six per centum per annum, as may be determined by said
mayor and common council; said interest to be payable
semi-annually, and said mayor and common council shall
have power toexempt said bonds from municipal taxation.
The principal of said bonds shall be payable in thirty-four
years from their date, or upon the call of said corporation
atany time after the expiration of ten years from their
date. Said bonds shall be signed by the mayor and counter-
signed by the recorder.

3. In order to provide for the payment of the interest on
said bonds and of the principal thereof, the said mayor and
common council are hereby authorized and empowered to
levy and collect a tax, not exceeding twenty cents on the
hundred dollars’ worth of property in said town, to be ap-
plied exclusively for that purpose.

4. The said mayor and common council shall have no
authority to issue bonds under this act until they shall
have first taken the sense of the qualified voters of said
town at an election held, after due notice of the time and
place thereof, has been given, at which election the voters
shall vote for the donation or against the donation, and if
it appear from the returns of said election that a majority of
the votes cast and three-fifths of the freeholders voting are
in favor of said donation, then said mayor and common
council shall have the right to exercise all the powers con-
ferred by this act: provided, that any election under this
act must be held within two years from the passage of this
act. :

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

CHAP. 363 —An ACT to amend section 2 of an act to incorporate
the Young Men’sChristian Association of the city of Richmond,
passed March Ist, 1856.

Approved February 25, 1890.

1. Be it enacted by the general assembly of Virginia,
That the second section of an act entitled an act to incor-
porate the Young Men’s Christian Association, approved
March first, eighteen hundred and fifty-six, be amended
and re-enacted so as to read as follows: |

§2. The said association shall have power to hold real
estate in the city of Richmond and county of Henrico, for
the purpose of erecting thereon suitable and necessary
buildings for their library and reading rooms and schools
and for holding their meetings and public lectures therein ;
and shal] also have power to borrow money to such amounts
and at such times as its board of directors may deem
necessary for the purposes of the association, at a rate of
interest not exceeding 81x per centum per annum, and se-
cure the same by deed or deeds of trust upon the property
of the association, and shall also have puwer to take dona-
tions, bequests, and devises, and apply them to the proper
uses and purposes of the association in promoting the
mental, moral, and religious improvement of young men:
provided, that the real estate held by the said association
shall at no time exceed in extent two acres of land, nor
the money and other chattels of the said association the
sum of two hundred thousand dollars.
2. This act shall be in force from its passage.