Chap. 257.—An ACT to authorize the Town of Danville to issue it:
Bonds in Payment ef certain Indebtedness.

Approved March 26, 1875.

Whereas, litigation has been pending between the town of
Danville and W. T. Sutherlin, and James B. Pace, respec-
tively; and whereas, said controversies have been adjusted
and compromised, and the said town of Danville, in pur-
suance thereof, has agreed to deliver and pay to W. T.
Sutherlin, ten thousand dollars, in its coupon bonds, bearing
inteyest at the rate of eight per centum per annum, payable
semi-annually, dated the first day of January, eighteen hun-
dred and seventy-five, and payable thirty years after date;
and to said James B. Pace, twelve thousand dollars, in bonds
of similar character, date and nature; and to the Virginia
fire and marine insurance company four thousand dollars, in
bonds of similar character, date and nature; therefore,

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the said town of Denville to issue and
deliver said bonds, and that, when issued and delivered to
the said W. T. Sutherlin, and James B. Pace, and the Virginia
fire and marine insurance company, said bonds shall be legal,
valid and binding upon the said town of Danville.

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