Chap. 324.—An ACT to amend and re-enact section 853 of the Code of Vir-
ginia, and to repeal sections 926, 927, 928, 929 and 930 of the Code of
Virginia. ([S B 87]

Approved March 19, 1920.

1. Be it enacted by the general assembly of Virginia, That sec-
tion eight hundred and fifty-three of the Code of Virginia be amended
and re-enacted so as to read as follows:

Sec. 853. Payment of interest on certain obligations; to whom
paid; what institutions to receive money under act of Congress ap-
proved August thirtieth, eighteen hundred and ninety.—The general
assembly having accepted the donation of lands proffered to Virginia
by the act of Congress of July second, eighteen hundred and sixty-two,
with the conditions and provisions therein contained; and,

The authorities of the State having received from the government
of the United States the land scrip it was entitled to under said act
of Congress; and,

The board of education having, in conformity with the acts of
February seventh, eighteen hundred and seventy-two, and March
nineteenth, eighteen hundred and seventy-two, made sale of the scrip
and invested the proceeds in the purchase of State bonds, which were
directed to be set apart and to constitute an education fund, the an-
nual interest whereof was to be apportioned as follows, that is to say:
One-third thereof to the Hampton Normal and Agricultural Institute,
and two-thirds thereof to the Preston and Olin Institute, on certain
conditions in said act of March nineteenth, eighteen hundred and
seventy-two, named, one of which was that the name of the said
Preston and Olin Institute should be changed to the Virginia Agricul-
tural and Mechanical College, which was done accordingly ; and,

The general assembly having by act of February twenty-sixth,
eighteen hundred and seventy-seven, directed the bonds aforesaid to
be turned over to the second auditor, who was required, in lieu of the
same, to substitute a statement prepared and signed in duplicate by the
treasurer and countersigned by the second auditor, showing the num-
ber, size and character of said bonds, with the amount of interest due
on them, severally, with statement was to have all the validity and
force of the bonds themselves, and that the accruing interest should
be paid in accordance with the acts already referred to, all of which
has been done; and

The name of the said college having been further changed by an
act approved March fifth, eighteen hundred and ninety-six to the Vir-
ginia Agricultural and Mechanical College and Polytechnic Institute ;
and,

The Commonwealth of Virginia having withdrawn its former ap-
propriation to the said Hampton Normal and Agricultural Institute:

It is hereby enacted that the annual accruing interest aforesaid
shall henceforth until otherwise provided by law be paid as follows;
that is to say: One-third thereof to the Virginia Normal and Indus-
trial Institute. located near Petersburg, Virginia, and two-thirds to
the board of visitors of the Virginia Agricultural and Mechanical Col-
lege and Polytechnic Institute, in the county of Montgomery.

And the general assembly of Virginia having by act approved
February twenty-third, eighteen hundred and ninety-four, assented
to the grants of money made under and in accordance with the act of
Congress, approved August thirtieth, eighteen hundred and ninety, in
which said act of assembly it was proposed and reported to the hon-
orable secretary of the interior of the United States that thereafter
the funds to be paid to this State under said act of Congress be appor-
tioned between the Hampton Normal and Industrial Institute and the
Virginia Agricultural and Mechanical College in the ratio of one-third
to the former and two-thirds to the latter, it is hereby enacted that the
general assembly doth withdraw its said proposal to the secretary of
the interior and in lieu thereof the general assembly doth propose and
report to the said secretary that hereafter the funds to be paid this
State under said act of Congress be apportioned between the Virginia
Normal and Industrial Institute and the Virginia Agricultural and
Mechanical College and Polytechnic Institute in the ratio of one-third
to the former and two-thirds to the latter, the same being a just and
equitable apportionment. The auditor of public accounts shall receive
from the secretary of the interior of the United States such sums of
money as shall be allotted to Virginia, under and in accordance with
the act of Congress aforesaid, approved August thirtieth, eighteen
hundred and ninety, and shall pay over the same as follows, that is to
say: One-third thereof to the treasurer of the Virginia Normal and
Industrial Institute, and two-thirds thereof to the treasurer of the
Virginia Agricultural and Mechanical College and Polytechnic Insti-
tute, who shall receive and disburse the same as required by section
two of the act of Congress aforesaid.

2. That sections nine hundred and twenty-six, nine hundred anc
twenty-seven, nine hundred and twenty-eight, nine hundred anc
twenty-nine and nine hundred and thirty of the Code of Virginia be
and the same are hereby, repealed.

3. This act shall be in force on and after December first, nineteer
hundred and twenty.