Chap. 381.—An ACT to accept the provisions under the will of Lizzie
H. Taylor, deceased, to designate the same as the Hoge School
Fund of Loudoun county, and to dispose of the same for the educa-
tion of the indigent children of said county.

Approved March 10, 1884.

Whereas Oliver Taylor and Lizzie H., his wife, by deed of
record in Loudoun county, did convey to trustees certain
estates therein specified, upon certain trusts therein named ;
and among other things therein provided, power of devising
said estate 80 conveyed was conterred upon the said Lizzie
H. Taylor; and whereas she exercised the power of appoint-
ment conferred upon her as aforesaid, and died, and her will
is duly of probate in said county ; and by the terms thereof
said estate was bequeathed to said Oliver Tavlor for and dur-
ing his natural life, and at his death to his children, if any he
had, per capita, and to the descendants of any deceased child
of his, per stirpes, but if he died, leaving no issue or descend-
ants of issue, then the whole of her estate was to belong to
the state of Vir ginia; and she requested and directed that
the same be converted into money, and the fund arising there-
from be applied, under the direction of the general assembly
of Virginia, to the education of the indigent : children of Lou-
doun county ; and whereas the said Oliver Taylor died leav-
ing no child nor descendant of any child surviving him;
therefore, with a view of carrying into effect and making
operative said bequest,

1. Beit enacted by the general assembly of Virginia, That
said bequest be and is her eby accepted, and the fund ro-
ceived under and by virtue of the last will and testament of
the late Lizzie H. Taylor, shall be known and designated as
the Hoge school fund.

2. The personal representative of said decedent is au-
thorized and directed to convert into money the estate be-
queathed by her as aforesaid, and after paying all proper
charges of administration and expenses necessary to consum-
mate the investment herein provided, he shall, with the resi-
due, purchased bonds of the commonwealth of Virginia, fund-
able under the act of the general assembly of Vir ginia ap-
proved February fourteenth, eighteen hundred and eighty-
two, and torward the same by express to the second auditor of
Virginiafand cause the same to be exchanged for, and funded
into registered bonds of the commonwealth of Virginia, au-
thorized by the act aforesaid.

3. The bonds so obtained shall be registered in the name
of, and belonging to the county school board of Loudoun
county, and the interest thereon shall be paid to the treas-
urer of said county as a separate fund, and be paid by him as
the said board, 1n its discretion, from time to time directs, for
the benefit of the indigent children of said county.
4. The investment hereby authorized, may at any time be
changed upon the unanimous action of said board, but any
new investment made shall be in its name, and the interest
be applied as aforesaid.

5. Said fund shall be exempt from all taxation.

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