Chap. 165.—An ACT to amend and re-enact an act approved March 12, 1912,
entitled an act to amend and re-enact an act approved March 11, 1908,
entitled an act to amend and re-enact an act approved March 10, 1906,
entitled an act to amend and re-enact an act entitled an act to amend
and re-enact sections 7 and 17, as amended by an act entitled an act to
amend and re-enact sections 7, 17 and 18 of an act approved February
20, 1892, entitled an act to provide for the settlement of the public debt
of Virginia, not funded, et cetera, and variously amended January 31,
1894, January 23, 1896, January 25, 1898, February 3, 1900, February 16,
1901, April 2, 1902, March 10, 1906, March 11, 1908, March 14, 1910,
and March 12, 1912, which last named act authorized the adjudication
of the claims of the holders of certain bonds and coupons which have
been guaranteed by the Commonwealth and the funding of the same
when so adjudicated. (H. B. 103.)

Approved March 21, 1914.

1. Be it enacted by the general assembly of Virginia, That
sections seven and seventeen of an act entited an act to amend and
re-enact an act to amend and re-enact sections seven, seventeen and
eighteen of an act approved February twentieth, eighteen hundred
and ninety-two, entited an act to provide for the settlement of the
public debt of Virginia, not funded, under the provision of an act
to ascertain and declare Virginia’s equitable share of the debt
created before and actually existing at the time of the partition of
her territory and resources, and to provide for the issuance of bonds
covering the same. and the regular and prompt payment of interest
thereon, approved February twentieth, eighteen hundred and ninety-
two, and to provide for carrying the same into effect, approved
January thirty-first, eighteen hundred and ninety-four, providing
the time for which bonds issued under this act after March thirty-
first, eighteen hundred and ninety-six, shall carry interest. and
cection three of said act, approved January twenty-third, eighteen
hundred and ninety-six, as amended by acts approved January
twenty-fifth, eighteen hundred and ninety-eight, February third,
nineteen hundred, February sixteenth, nineteen hundred and one.
April. second, nineteen hundred and two, March tenth, nineteen
hundred and six, March eleventh, nineteen hundred and eight,
March fourteenth, nineteen hundred and ten, and March twelfth,
nineteen hundred and twelve, be amended and re-enacted so as to
read as follows:

Sec. 7. The commissioners of the sinking fund are hereby
authorized and required to receive on deposit for verification, classi-
fication and exchange, such of the said obligations of the State as
inay be presented to said commissioners, the said verification and
exchange for the new bonds of the obligations so deposited to be
conducted in the same manner as hereinbefore provided with respect
tc the obligations deposited with the same bondholders’ committee,
and the said commissioners of the sinking fund shall issue to and
distribute amongst said depositing creditors, after they have fully
complied with the terms of this act. in exchange for the obligations
so deposited. bonds authorized by his act, as follows, namely: To
cach of the several classes of said depositing creditors the same
proportion as the same class received under the distribution made
by the commission for the creditors represented by the bondholders’
committee; provided that no obligations shall be received for such
deposit after the thirty-first day of December, nineteen hundred and
fourteen, nor shall any coupon bonds be received which do not have
attached thereto all coupons maturing after July first, eighteen hun-
dred and ninety-one; but for any such coupons as may be missing.
coupens of like class and amount, or face value thereof in cash,
may be received, the said cash, if paid, to be returned if proper
coupons are tendered within six months thereafter, and each de-
positor shall, when he receives his distributive share of the said
new issue bonds, pay to the commissioners of the sinking fund three
and one-half percentum in cash for the par value of the bonds
received by him, and said sinking fund commissioners shall cover
the fund thus received into the treasury of the Commonwealth.

Sec. 17. The commissioners of the sinking fund are authorized,
if it shall seem to them for the best interest of the Commonwealth,
to make an extension of the time for the funding of the outstanding
evidences of debt due by the Commonwealth not heretofore funded,
under said act of February twentieth, eighteen hundred and ninety-
two, for a period not extending beyond December thirty-first, nine-
teen hundred and fifteen.

2. All bonds issued under the provisions of this act shall carry
interest from the semi-annual period next preceding the date of
funding. ;

3. All acts and parts of acts in conflict with this act are hereby
repealed.