Chap. 299.—An ACT to authorize depositories of county funds of Charlotte County
to deposit with the State Treasurer securities to protect such deposits, and to
prescribe how controversies with respect to such securities shall be heard and
determined. [H 402]

Approved March 29, 1944

Be it enacted by the General Assembly of Virginia:
1. Any depository of county funds of the county of Charlotte may,
in lieu of depositing securities as provided in subsection (e) of section
three hundred fifty of the Tax Code, deposit such securities with the
State Treasurer, whereupon the faith and credit of the Commonwealth
shall be pledged for their return to the depository in accordance with
the provisions of the agreement under which they are deposited. In
cases of controversy arising between the parties while the securities are
actually in the custody of the State Treasurer, the Commonwealth of
Virginia hereby consents to be sued with respect thereto, and when the
Commonwealth becomes a party to any such suit, the State Treasurer
and the Auditor of Public Accounts shall be named defendants on be-
half of the Commonwealth. Any such suit shall be brought in the
circuit court of the City of Richmond, and the controversy shall be
determined as in other suits at law or in equity, as the case may be.