Chap. 123.—An ACT to amend and re-enact section 19 of an act entitled “an act
to authorize and empower educational institutions of the State to erect build-
ings and to make other improvements to their plants and for such purpose to
borrow or accept money under the provisions of an act of the Congress of
the United States, known as the National Industrial Recovery Act, approved
June 16, 1933, and any acts amendatory thereof, and any acts supplemental
thereto and revisions thereof, and any further acts of the Congress of the
United States, and to issue bonds and certificates of indebtedness and other
obligations; to provide funds for the payment of the principal of and the
interest on the same and to secure such payment; and to authorize and em-
power said institutions to lease with or without the privilege of purchase
buildings and projects constructed pursuant to the provisions of said National
Industrial Recovery Act and any acts amendatory thereof and any acts sup-
plemental thereto and revisions thereof, and any further act of the Congress
of the United States, and to acquire and convey such real estate or other
property as shall be required for such buildings and projects, approved Sep-
tember 12, 1933, so as to extend the effective date of certain provisions of
said act until July 1, 1938. [S B 317]

Approved March 6, 1936

1. Be it enacted by the General Assembly of Virginia, That section
nineteen of an act entitled “an act to authorize and empower educa-
tional institutions of the State to erect buildings and to make other im-
provements to their plants and for such purpose to borrow or accept
money under the provisions of an act of the Congress of the United
States, known as the National Industrial Recovery Act, approved June
sixteenth, nineteen hundred and thirty-three, and any acts amendatory
thereof, and any acts supplemental thereto and revisions thereof, and
any further act of the Congress of the United States, and to issue
bonds and certificates of indebtedness and other obligations; to pro-
vide funds for the payment of the principal of and the interest on the
same and to secure such payment; and to authorize and empower said
institutions to lease with or without the privilege of purchase buildings
and projects constructed pursuant to the provisions of said National
Industrial Recovery Act and any acts amendatory thereof and any
acts supplemental thereto and revisions thereof, and any further act of
the Congress of the United States, and to acquire and convey such real
estate or other property as shall be required for such buildings and
projects,” approved September twelfth, nineteen hundred and thirty-
three, be amended and re-enacted so as to read as follows:
19. Except as may be required in any contract or agreement of
the institutions theretofore entered into by it with any Federal agency,
no institution shall borrow any money or enter into any lease pursuant
to the provisions of this act on and after July first, nineteen hundred
and thirty-eight.

2. An emergency existing, because of the existence of many proj-
ects as herein defined, this act shall be in force from its passage.