Chap. 1011.—An ACT empowering the trustees of the parsonage property of
Covington Methodist Episcopal church, south, to sell and convey said prop-
erty, and to dispose of the proceeds of such sale and reinvest the same.

Approved March 7, 1900.

1. Be it enacted by the general assembly of Virginia, That the trustecs
of the parsonage property of Covington Methodist Episcopal church,
south, (being lots numbers seventy and seventy-one in the original plan
of the town of Covington, in the county of Alleghany, and their appurte-
nances) be, and said trustees are hereby, authorized and empowered to
sell the said property, privately or at public auction, as a whole or in
parcels, and for cash or upon reasonable eredits, with proper security
(personal or otherwise) as they may deem best, and shall convey the
property so sold, upon receipt in full of the purchase money thereof, by
deed in fee simple with special warranty of title.

2. Said trustees shall reinvest the proceeds of such sale, or sales, or
so much thereof as they may deem necessary, In other property to be
held and used by said church as a parsonage, under and pursuant to the
provisions of the discipline of the Methodist Episcopal church, south,
and shall apply any surplus of such proceeds as may be directed hy the
proper authorities of said church.

3. No purchaser at any sale made under this act shall be required to
see to the application of the purchase money arising therefrom.
4, Said trustees shall appoint a treasurer of the fund arising here-
under, who shall receive and pay out the same as they may direct, after
riving bond before the judge of Alleghany county court, in term or
vacation, in the penalty of five thousand dollars, with security deemed
sufficient by said judge, payable to the commonwealth, with condition
faithfully to account to said trustees, the survivor or survivors of them,
or their successors, for all moneys coming to his hands under this act,
which bond shall, pursuant to the order “of said judge, be recorded in
ne deed book of the said court.

. The powers conferred by this act upon the trustees of said par-
sonage property, may be exercised by the present trustees thereof, the
survivors or survivor of them, or their successors, duly appointed by the
circuit court of Alleghany county, or the judge of said court; but the
sales hereby authorized shall not be made after the lapse of two years
from the passage of this act.

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