CHAP. 115.—An ACT concerning certain state bouds donated by Wil-
liam W. Corcoran to the University of Virginia, for the endowment
ef a professorship of natural science therein,

Approved April 2, 1879.

Whereas William W. Corcoran, Esquire, of the city of Wash-
ington, has made a donation to the University of Virginia for
the endowment of a professorship of natural science therein,
of fifty thousand dollars in consol bonds of the state, with
coupons attached thereto, for interest from first of July, eigh-
teen hundred and seventy-cight, payable semi-annually, and
receivable for taxes and public dues; and whereas it is desired
by the authorities of the Universty to convert the said consols
into registered bonds of the state bearing interest from first
of January, eighteen hundred and seventy-nime, they having
eut off and retained the coupons for January, eighteen hun-
dred and seventy-nine ; therefore,
1. Be it enacted by the general assembly, That it shall be
the duty of the second auditor and the treasurer, on the appli-
cation 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 January, eighteen hundred and seventy-nine. And for
the payment of such interest, the auditor of public accounts is
hereby authorized 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 1t may fall due.

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