Chap. 153.—An ACT to authorize the sinking fund commissioners of Vir-
ginia, in their discretion, to purchase the fractional certificates now out-
standing or hereafter issued of both the Riddleberger and Century issues.

Approved March 14, 1910.

Whereas, it appears from the last annual report of the second auditor
of Virginia that there are now outstanding eleven hundred and fifty-
four dollars and sixteen cents of Riddleberger fractional certificates and
founteen hundred and ninety-nine dollars amd eighty-two cents of
Century fractional certificates, issued respectively by the Commonwealth
under the acts of February fourteenth, eighteen hundred and eighty-
two, and February twentieth, eighteen hundred and ninety-two, for the
settlement of the public debt, and under the present statute law there is
no provision for the payment of these fractions, but the same can only
be consolidated into new bonds of one hundred dollars; and

Whereas, it has grown more and more difficult for the holders thereof
to obtain additional fractions to make up their holdings to the amount
of one hundred dollars, in order to consolidate the same into a bond;
now, therefore,

1. Be it enacted by the general assembly of Virginia, That the sink-
ing fund commissioners of Virginia be, and there are hereby, empow-
ered hereafter, from time to time, to purchase, with any funds in the
treasury to their credit, at market rates (not, however, exceeding their
par value and accrued interest), any or all of the outstanding frac-
tional certificates of Virginia. The intent of this act is to empower
the commissioners of the sinking fund to purchase the fractional cer-
tificates of debt issued under the act of February fourteenth, eighteen
hundred and eighty-two, and under the act of February twentieth, eigh-
teen hundred and ninety-two, just as the bonds issued under said acts
may now be purchased, as provided for in sections four hundred and
twenty and four hundred and twenty-one of the Code, as amended by
the act approved March eleventh, nineteen hundred and eight, acts of
nineteen hundred and eight, chapter one hundred and eighty-three,
until all of said fractional certificates which are now outstanding or
which may be hereafter issued shall have been retired.