Chap. 647.—An ACT empowering trustees of parsonage property of Covington
Methodist Episcopal Church, South, to sell and cénvey said property, and to dis.
pose of the proceeds of such sale and reinvest same.

Approved April 2, 1902.

1. Be it enacted by the general assembly of Virginia, That the tru:
tees of the parsonage property of Covington Methodist Episcopal Church.
South (being lots numbers seventy and seventy-one in the original plas
of the town of Covington, in the county of Alleghany, and their appur-
tenances), be, and said trustees are hereby, authorized and empowered «
sell the said property, privately or at public auction, as a whole or in
parcels, and for cash or upon reasonable credits, with proper security
(personal or otherwise), as they may deem best, and shall convey the
property so sold, upon reccipt in full of the purchase money thereof, bi
deed in fee simple, with special warranty of title.

2. Said trustees shall reinvest the proceeds of such sale or sales, or
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 pro
visions of the discipline of the Methodist Episcopal Church, South, and
shall apply any surplus of such proceeds as may be directed by the proper
authorities of said church.

3. No purchaser at any sale made under this act shall be required te
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
giving bond before the judge of Alleghany county court, in term or vaca-
tion, in the penalty of five thousand dollars, with security deemed suff-
cient by said judge, payable to the Commonwealth, with condition faith-
fully to account to said trustees, the survivor or survivors of them, ot
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 the deed-
book of the said court.

5. The powers conferred by this act upon the trustees of said parson-
age property may be exercised by the present trustees thereof, the sur-
vivor or survivors of them, or their successors, duly appointed by the cir-
cuit 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.

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