Chap. 7.—An ACT to authorize and empower the trustees of Shenandoah Insti-
tute, in the county of Rockingham, to borrow money.

Approved December 17, 1901.

Whereas, the trustces of Shenandoah Institute, a corporation organized
or educational purposes and existing under a charter granted by the
ircuit court of Rockingham county, wishes to borrow money for the uses
f said corporation in improving its buildings and other uses of the cor-
oration : therefore,

1. Be it enacted by the general assembly of Virginia, That the trustees
f said Shenandoah Institute be, and the same are hereby, authorized and
mpowered to borrow a sum of money not to exceed five thousand dollars,
pon such terms as the said trustees may elect, and to issue bonds for the
ame, said bonds to hear a rate of interest not to exceed six per centum
nd to secure said bonds by deed of trust upon the property of said cor-
oration. ,

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