Chap. 266.—An ACT to empower the trustees of the Virginia female institute to
issue bonds, borrow thereon money, and to secure the payment of the same.

Approved February 9, 1898.

1. Be it enacted by the general assembly of Virginia, That in order
tn nav at tha eviahingeg doht af the Vircinia fenglecamseiatute of the city
of Staunton, and to make necessary additions and improvements to the
buildings, property and appliances of the said institute, and to promote
the usefulness and efficiency of the institution, it shall be lawful for the
trustees of the Virginia female institute to borrow not exceeding the sum
of fifteen thousand dollars, and to issue bonds for the same, either with
or without coupons, for the semi-annual interest to accrue thereon, bear-
ing interest at a rate not exceeding six per centum per annum, and pav-
able not exceeding thirty years after date, and to secure the prompt pay-
ment of the interest and principal of said bonds by a deed of trust upon
all or any part of the lands, buildings and property of the Virginia
female institute in the city of Staunton.

Said bonds shall be in such form and of such denominations as the
said trustees may approve, and the bonds and the deed of trust to secure
the same shall be signed and the corporate seal of the Virginia female
institute shall be affixed thereto; and said deed shall be acknowledged
for and on bchalf of the trustees of Virginia female institute and of said
corporation in such manner and by such officer of the board of trustees
or of said institute as the trustees may prescribe.

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