Chap. 134.—An ACT authorizing the Trustees of Roanoke College to Bor-
row Money.

Approved June 18, 1870.

1. Be it enacted by the general assembly, That for the pur-
pose of paying off existing indebtedness and to make neces-
sary improvements, the trustees of Roanoke college be and
they are hereby authorized to borrow, from time to time, such
sums as may be necessary for the purpose, not exceeding ten
thousand dollars, at a rate of interest not exceeding that au-
thorized by law, and to execute a deed of trust on their real
estate to secure the same. For the sums so borrowed, certifi-
cates shall be issued, either in the form of registered or coupon,
payable not exceeding twenty years after date, with the in-
terest payable semi-annually, and ‘authenticated in such man-
ner as the said board, by order entered of record, shall direct.
2. This act shall be in force from its passage.