CHAPTER 359

AN ACT to authorize the Treasurer to dispose of certain obli-
gations and property and to prescribe how the proceeds
therefrom shall be deposited and held. OH

254

Approved April 5, 1950

Be it enacted by the General Assembly of Virginia:
1. The Treasurer is authorized, when in his discretion he
deems proper, to sell, transfer, and convey any notes, bonds,
obligations or certificates of stock held in the general fund of the
State Treasury. The proceeds from any such sale or disposition
shall immediately be covered into the general fund. This act
shall apply to any such present holdings and to those hereafter
acquired.

The provisions of this act shall not apply to, nor authorize
the disposition of, any notes, bonds, obligations or certificates
of stock which exceed in value the sum of five thousand dollars,
nor shall it permit the disposition of stock held by the State in
the Richmond, Fredericksburg and Potomac Railroad.