Chap. 514.—An ACT to amend and re-enact section 43 of the Code of Virginia,
in relation to holding church property. [H B 242]

Approved March 25, 1926.

1. Beit enacted by the general assembly of Virginia, That section
forty-three of the Code of Virginia be amended and re-enacted so as to
read as follows:

Section 43. Quantity of real and personal estate they may hold.—
Such trustees shall not take or hold at any one time more than two
acres of land in a city or town, nor more than seventy-five acres out of
a city or town; and they shall not take or hold at any one time, money,
securities or other personal estate exceeding in the aggregate, exclusive
of the books and furniture aforesaid, the sum of thirty thousand
dollars; provided, that in any city having an area of over thirty-five
square miles within its corporate limits, such trustees may take or hold
at any one time as much as but not more than two acres of land in any
such city, except where two or more congregations shall merge or con-
solidate they shall have three year’s time in which to dispose of their
land in said city reducing their holdings to the aforesaid statutory
limit of two acres, and may take or hold at any one time, money, secur-
ities or other personal estate in the aggregate, exclusive of the books
and furniture aforesaid, amounting to the sum of one hundred thous-
and dollars.