Chap. 245.—An ACT to Amend and Re-enact an Act Continuing the
Payment of Interest and Dividends to the Incorporated Colleges or
other Seminaries of Learniny in the State, Approved January 18, 1872,

Approved March 20, 1872.

1. Be it enacted by the general assembly, That the act
approved January cighteen, eighteen hundred and seventy-two,
entitled an act continuing the payment of interest and divi-
dends to the incorporate] colleses or other seminaries of learn-
ing in the state, be amended and re-enacted so as to read as
follows:

€1. Be it enacted by the general assembly, That the second
auditor be and he is hereby authorized and directed until
otherwise ordered to draw upon the public treasury in favor of
the proper authorities of any incorporated colleze or other
seminary of learning of this state, for the interest which has
accrued, or which my hereafter accrue, upon any bonds of the
commonwealth, or bonds of the James river and Kanawha
Company, guaranteed by the commonwealth, held by or for
such college or se:ninary of learning, prior to the passage of
the act approved ‘larch thirtieth, eizhteen hundred and seven-
ty-one, known as the funding act, and upon all bonds of the
state, held by or for such colleze or seminary of learning prior
to the passage of suid act: as may have been funded under said
act; and also for the dividends on the stock of the old James
river company, due and payable, or which may hereafter become
due and payable by the commonwealth to such colleges and
seminaries of learning: and also for such interest and dividends
heretofore or hereafter accruing in favor of trustees who now
hold such bonds or stock, the interest or dividends on which
are to be applied to the use and benefit of any such college or
other seminary of learning, or any department thereof: pro-
vided, that the interest or dividends shall not be paid on any
bonds, the payment of which is forbidden by the constitution.

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