CHAP. 70.—An ACT to amend and re-enact section four of an act entitled an

act to incorporate Chatham female episcopai institute, approved February
24th, 1894, in relation to the manner in which the property of the said insti-
tute shall be used, held, conveyed and encumbered.

Approved January 16, 1896.

1. Be it enacted by the general assembly of Virginia, That section
four of an act entitled an act to incorporate “ Chatham female epis-
copa! institute ” be amended and re-enacted so as to read as follows:

The said corporation shall have power to acquire, by purchase,
gift, devise or bequest, property real and personal, and the same from
time to time to sell, convey, mortgage, encumber, charge, pledge,
grant, lease, sub-lease, alien and dispose of; to receive endowments
and create scholarships, upon such terms and conditions as it may
deem proper, and holding, using, controlling, encumbering and dis-
posing of said property for the sole use and benefit of the Chatham
female episcopal institute.

2. But the said school shall not at any time acquire and hold real
and personal estate exceeding in value the sum of fifty thousand
dollars.

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