Chap. 26.—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, ap-
proved February 14, 1882.

Approved August 27, 1884.

1. Be it enacted by the general assembly of Virginia, That
section five of chapter eighty-four of the Acts of the General
Assembly of eighteen hundred and eighty-one-two, be amen-
ded and re-enacted so as to read as follows:

§5. The said board of commissioners are authorized to
issue such bonds in denominations of five hundred and one
thousand dollars, as may be necessary to carry out the pro-
visions of this act, each denomination to be of different tint:
provided that registered bonds may be issued of any denomi-
nation, 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
outstanding evidences of debt hereinbefore enumerated, in-
cluding 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 inter-
est, 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.

(by 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 the cases of classes A and B, and account-
ing 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 accoun-
ting for the same as Salita 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.
The date of exchange referred to in this act, shall in all cases
be taken to be July first, eighteen hundred and eighty-two,
and this act shall be construed as if it had been so expressed
in the act approved February fourteen, eighteen hundred and
eighty-two; and no new bond shall, under this act, be given
for any coupon, or interest on registered bonds mentioned in
thig section maturing after the first day of July, eighteen
hundred and eighty-two. |

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