Chap. 5.—An ACT to appropriate the sum of one hundred and twenty-five
thousand dollars annually to the sinking fund for the purpose of extinguish
ing the public debt of Virginia.

Approved January 30, 1908.

Whereas, there has already been appropriated to the sinking fund, a:
provided in section four hundred and nineteen of the Code as amended
certain sums amounting approximately to forty-two thousand dollar:
annually; and

Whereas, it is desirable for the State to strengthen its credit by a
more rapid retirement of its indebtedness; therefore;

1. Be it enacted by the general assembly of Virginia, That the sum
of one hundred and twenty-five thousand dollars be, and the same is
hereby appropriated out of any money in the treasury of Virginia not
otherwise appropriated, to the sinking fund provided for in section fou1
hundred and nineteen of the Code as amended, and the commissioners
of the sinking fund are hereby directed to apply the same, together with
other sums constituting the sinking fund as directed in sections fou
hundred and twenty and four hundred and twenty-one of the Code, a:
amended.

2. And the further sum of one hundred and twenty-five thousand
dollars is hereby appropriated to be applied in like manner by said com-
missioners of the sinking fund during the fiscal year ending February
twenty-eighth, nineteen hundred and ten.

3. The auditor of public accounts is hereby directed to draw his war-
rants in favor of said commissioners of the sinking fund for said respec-
tive amounts herein appropriated.

4. The State of Virginia hereby again declares its purpose to make
provision for the annual reduction of its bonded indebtedness, to the
end that the public debt may be extinguished by the time it matures
without oppressive taxation upon its citizens and with due regard to the
sacred obligations to its creditors.