Chap. 15.—An ACT to amend and re-enact sections 8 and 4 of an act
entitled an act appropriating the public revenues for the fiscal years
1884 and 1885, approved March 15, 1884.

Approved August 25, 1884.

1. Be it enacted by the general assembly of Virginia, That
sections three and four of an act entitled an act appropriatin
the public revenues for the fiscal years eighteen hundred an
eighty-four and eighteen hundred and eighty-five, approved
March fifteenth, eighteen hundred and eighty-four, shall be
amended and re-enacted so as to read as follows: ]

§3. The said commissioners shall, immediately after their
meeting, advertise in at least one daily newspaper published
in the city of Richmond, once a week for two successive weeks,
that they will receive offers for sale of such amount of the
said three per centum bonds asin their judgment the sum
placed to their credit will enable them to purchase, and that
such offers may be made up to and including the nineteenth
day of the current month. All such offers shall be made in
writing, shall be sealed, and shall be opened by the said com-
missioners, or 8 majority of them, on the twentieth day of
the month, at noon, in the presence of the governor of the
commonwealth, or, in the event of his absence, in the presence
of the secretary of the commonwealth. The bonds which are
offered at the lowest prices shall be purchased by them, to
the extent that the funds to their credit will enable them to
purchase. Ifthe twentieth day of the month falls on Sunday
or a legal holiday, the said offers shall be opened on the next
day which is not a legal holiday: provided that the said com-
missioners may invest the funds placed to tbeir credit under
this act: provided however, that said commissioners shall
have authority to reject any and all bids made in pursuance
of this act. :

§ 4. Aili bonds purchased under this act shall be listed on
the minutes of the board, which list shall show the number
and denomination of each bond purchased in each month, and
when so listed, shall be delivered to the treasurer, who shall
label and file the same in separate bundles in his office for
safe-keeping. No coupon bond shall be purchased under this
act unless all the unmatured interest coupons shall be attached
thereto, and the bonds so purchased shall be held as security
for the payment of the interest on the public debt of the state
as it shall or may have accrued when funded under the act
aforesaid, and the same may be resold when necessary by the
said commissioners, and the proceeds of such resale be so used
whenever the finances of the state may so require: provided
that said commissioners may, in their discretion, from time
to time, when money is required to pay interest upon the
debt aforesaid, borrow money upon temporary loans for such
purpose, and deposit such bonds as they may have acquired
under this act, as collateral security for such temporary loan.

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