Chap. 171.—An ACT to amend and re-enact an act approved August
27, 1884, entitled an act to declare the true intent and meaning of,
and to amend and re-enact section 5 of chapter 84 of Acts of 1881-2,
approved February 14, 1882.

Approved November 29, 1884.

1. Be it enacted by the general assembly of Virginia, That
an act approved August twenty-seventh, eighteen hundred
and eighty-four, entitled an act to declare the true intent and
meaning of, and to amend and re-enact section five of chapter
eighty-four of Acts, eighteen hundred and eighty-one and
eighty-two, approved February fourteenth, eighteen hundred
and eighty-two, be amended and re-enacted so as to read as
follows :

§5. Thesaid board of commissioners are authorized to issue
such bonds, in denominations of five hundred and one thou-
sand dollars, as may be necessary to carry out the provisions
of this act, each denomination to be of different tint: pro-
vided that registered bonds may be issued of any denomina-
tion, multiple of one hundred; all registered bonds to be of
the same tint; and they are authorized and directed to issue
such bonds, registered or coupon, in exchange for the out-
standing evidences of debt hereinbefore enumerated, including
the bonds held by the literary fund, as follows—that is to say:

(a) For her equitable share of class A, at the rate of fifty-
three per centum, that is to say, fifty-three dollars of the
bonds authorized under this act, (principal and accrued in-
terest, at par, from the preceding period of maturity to the
date of exchange,) are to be given for every one hundred
dollars, face, principal and accrued interest from the preceding
semi-annual period of maturity to the date of exchange of
such evidences of debt, and for any interest which may be
past due and unpaid upon the same, funded bonds issued
under this act may be given, dollar for dollar.

(b) For her equitable share of class B, at the rate of sixty
per centum, reckoning and accounting for any interest as
provided in the case of class A.

(c) For her equitable share of class C, at the rate of sixty-
nine per centum, reckoning any current interest, at the date
of exchange, as in case of classes A and B, and accounting
for the same as provided in class D.

(d) For her equitable share of class D, at the rate of eighty
per centum.

(e) For her equitable share of class E, at the rate of sixty-
nine per centum, reckoning any current interest at the date
of exchange, as in the cases of classes A, B and C, and ac-
counting for the same as provided in class F.

(f) For her equitable share of class F, at the rate of sixty-
three per centum. *

(g) For her equitable share of the bonds of the literary
fund, as in the case of class C; her equitable share of the
arrearages of interest—three hundred and seventy-nine thou-
sand two hundred and seventy dollars—to be paid in money:
provided that all bonds offered for funding, belonging to any
class, shall have attached thereto all coupons or other inter-
est maturing after January first. eighteen hundred and eighty-
five, or coupons of like character, date, and amount which
shall be surrendered with such bonds, and no allowance shall
be made to the holder of bonds, accepting the provisions of
this act for any coupons or for any interest maturing on bonds
of any class, between the first day of January, eighteen hun-
dred and eighty-five, and the date of exchange and surrender
of such bonds: and provided further, that after the passage
of this act, the new bonds issued shall be issued with such
coupons or interest only thereon as shall mature after actual
date of exchange: and provided further, that by way of pro-
vision for coupons and interest which have matured, or may
mature between the first day of January, eighteen hundred
and eighty-three, and the first day of January, eighteen hun-
dred and eighty-five, both inclusive, it shall be the duty of
the said board of commissioners upon the presentation of
such coupons or claims for interest on registered bonds which
matured or may mature as aforesaid of class B, known as the
ten-forty bonds, to fund the same dollar for dollar into three
per centum bonds provided for in this act, and upon the pre-
sentation of such coupons or claims for interest on registered
bonds which matured or may mature as aforesaid on the
other classes of bonds herein mentioned, to fund the same at
fifty cents in the dollar in the three per centum bonds pro-
vided for in this act.
2. This act shall be in force from its passage.