Chap. 77.—An ACT to authorize the board of directors of the Vir-
ginia Female Institute to borrow money to a limited amount, and
to secure the same by trust deed or mortgage.

Approved February 8, 1879.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the board of directors of the Virginia
female institute, with the consent, in writing, of a majority of
the trustees thereof, to borrow money to an amount not exceed-
ing six thousand dollars, and to issue certificates of indebted-
ness or bonds therefor, to run not longer than ten years,
bearing interest at the rate of six per centum per annum from
the date thereof, and to secure the same by a trust deed or
mortgage upon the real estate of said institute, or such part
thereof as said board of directors may select for the purpose.

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