CHAPTER 498

An Act to create the Jamestown Foundation; to provide for the appoint-
ment of the board of trustees thereof; to prescribe the powers, duties
and functions of such Foundation; to authorize the use of money and
property; to authorize the acquisition of property by lease, gift, pur-
chase or condemnation by such Foundation; to provide for the receipt
and disbursement of funds; to appropriate funds; and to repeal
Chapter 449, as amended, of the Acts of Assembly of 1954, approved
April 8, 1954, creating the Virginia 850th Anniversary Celebration
Commission.

(H 634]

Approved March 29, 1958

Be it enacted by the General Assembly of Virginia:
1. § 1. Effective July 1, 1958, there is hereby created the Jamestown
Foundation hereinafter referred to as Foundation. The Foundation shall
be administered by a board of trustees consisting of twenty-four members
appointed as follows: eight members shall be appointed by the Speaker
of the House of Delegates from the membership thereof for terms con-
current with the terms for which they have been elected to office, four
members shall be appointed by the President of the Senate from the mem-
bership thereof for terms concurrent with the term for which they have
been elected to office, and twelve members shall be appointed by the
Governor from the State at large for four-year terms, provided that of
the first such appointments made by the Governor, three shall be for terms
of one year, three for terms of two years, three for terms of three years
and three for terms of four years. Appointments to fill vacancies shall be
for the unexpired term. The board of trustees of the Foundation shall
name from its members a chairman and vice-chairman and such other
officers as are deemed necessary and five of its members to constitute an
executive committee, in addition to the chairman and vice-chairman, ;

§ 2. The Foundation shall have the following powers and duties:

(a) To do all things necessary and proper to perpetuate the memory
of the first permanent English-speaking settlers of Virginia and the United
States and to further an understanding and appreciation of their con-
tributions to the building of our present Commonwealth and nation.

(b) To administer, develop and maintain Jamestown Festival Park
as a permanent commemorative shrine.

(c) To enter into contracts to further the purposes of the Foundation,
which have been approved by the Attorney General.

(d) To establish a nonprofit corporation as an instrumentality to
assist in the details of administering the affairs of the Foundation.

(e) With the consent of the Governor to acquire lands, property and
structures deemed necessary to the purposes of the Foundation by pur-
chase, lease, gift, devise or condemnation proceedings. The title to land
and property acquired shall be in the name of the Commonwealth. In the
exercise of the power of eminent domain granted under this section, the
Foundation may proceed in the manner provided by law for the State
Highway Commissioner in §§ 83-57 through 33-75 of the Code of Virginia.

(f) With the consent of the Governor, to convey by lease land to any
person, association, firm or corporation for such term and on such con-
ditions as the Foundation may determine.

(g) To receive and expend gifts, grants and donations from whatever
source derived for the purposes of the Foundation.

(h) To adopt a flag, seal and other emblems for use in connection
watt pe shrine and to copyright the same in the name of the Common-
wealth.

(i) To employ an executive director and such assistants as may be
required who shall be charged with developing and coordinating the plans
of public and private agencies for the establishment, operation and main-
tenance of a permanent shrine commemorating the settlement at James-

wn.

§ 3. The revenues derived by the Foundation, from any source,
including the sale, lease or right of use of property, but excluding any
funds derived from gifts or donations shall be paid into the general fund
of the State treasury; and there is hereby appropriated out of these special
revenues the sum of three hundred thousand dollars for each year of the
biennium beginning July one, nineteen hundred fifty-eight, for the expenses
and operations of the Foundation. Any unexpended balance from the first
year of the biennium shall be available to the Foundation for expenditure
in the second year of the biennium.

§ 4. The Foundation, acting by and through the corporation au-
thorized by § 2 of this act, may contract debts and obligations to the
extent of its anticipated revenues. Such debts and obligations shall be paid
only from the revenues of the Foundation.

. There is hereby appropriated to the Foundation from the general
fund in the State treasury the sum of one hundred thousand dollars for
each year of the biennium beginning July one, nineteen hundred fifty-
eight, for the expenses and operations of the Foundation. Any unexpended
balance from the first year of the biennium shall be available to the
Foundation for expenditure in the second year of the biennium.

8. Chapter 449, as amended, of the Acts of Assembly of 1954, approved
April 3, 1954, is repealed effective July 1, 1958, and all land, property and
rights held by or vested in the Commission created by said Chapter or the
nonprofit corporation authorized by said Chapter are hereby transferred
to the Foundation created by this act.