Chap. 27.—An ACT concerning certain state bonds donated by William
W. Corcoran to the University of Virginia.

Approved January 138, 1877.

Whereas William W. Corcoran, Esquire, of the city of
Washington, has made a donation to the University of Vir-
ginia of fifty thousand dollars in consol bonds of the state,
with coupons attached thereto for interest from first of July,
cighteen hundred and seventy-six, payable semi-annually,
and receivable for taxes and public dues; and whereas it is
desired by the authorities of the university to convert the
said consols into registered bonds of the state bearing like
interest; therefore,

1. Be it enacted by the general assembly, That it shall be
the duty of the second auditor and: the treasurer, on the ap-
plication of the rector, to convert the said fifty thousand
dollars of consols into registered bonds in the name of the
rector and visitors of the University of Virginia, bearing
interest at the rate of six per centum per annum, payable
semi-annually, from first of July, eighteen hundred and sev-
enty-six. And for the payment of such interest, the auditor
of public accounts is hereby autho1ized and required to place
in the treasury to the credit of the second auditor a sufficient
sum to pay such interest from time to time as it may fall due.

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