The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-03-10
An Act 10 Provide for Funding the Interest OH
the S1aie Debt.-Passed March =. 1866.

Re il enacted 5y the General assembly u pr-
oinia, That the holders OF the registered honuh
of the State of Virginia issued before the lth
day of April 1851, be, and they are hereby,
authorized TO invest the interest due upon
said bonds in regis tered bonds OF the STATE
bearing the same rate OF interest as the prlncl-
pal of the bond bears, and payable ut any
time the bondholder may elect, not less than
ten nor more than thirty-four years from
the date. Such bonds shall bear date on the
first day of January, 1866, and for sums OF
one hundred dollars, or any multiple thereof
and shall be in the form and executed in the
mode prescribed by law for the issue OF the
certificates of registered debt OF the State:
But the interest upon the bonds so Issued
shall not be payable before the iirSt DAY OF
July, 1867.
9 The holders of the coupon bonds issued by
the State before the 18th day of April, 1851, are
hereby authorized 10 invest the interest que
upon said bonds in either coupon or registered
bonds of the State, bearing the same rate OF
interest as the principal bears, and the interest
thereon, if the bond is coupon, shall be paya-
BILE ut the place where the interest on the prin-
cipal bond is provided TO be paid ana such
bond NAV be payable ut any time the holder
may elect not less than ten nor more than
thirty four years from its date. Such BONDS
shall bear date OH the lst day Of January, $500,
and if coupon, may be issued Tor sums OF hNe
hundred dollars, or any multiple Thereon, or II
registered, in sums of one hundred dollars, or
any multiple thereof, and shall be III the form
aud executed in tho mode prescribed by la" Tor
the issue of the certificates of registered or cou-
pon bonds of the State. But the interest upon
the bonds so issued shall not DO payable before
the Isl day of July, 1867.
g. For any fractional sums OF interest which
cannot be invested under the two preceding
sections of this act, certifcat ties shall be issued
In the form and mode prescribed by law for the
issue OF certificates of the registered debt OF
the State, payable in two, three. or four years,
with such interest thereon rs Is provided In
the case of the bonds hcreinbetore authorized
10 be issued
4 The holders OF any OF the bonds OF the
State issued before the 18th day OF April 1851,
NAV, after the LIST day of January, 1867, invest
the interest which shall be then due thereon,
aud not invested under the first and second
sections of this act, and may also invest the
certificates of debt mentioned In the preceding
section in bonds of the State bearing date the
lst of January 1867, in all respects similar TO
the bonds provided for hi said first and second
sections; aud for any fractional sums OF III.
tarsst which cannot he so invested, certificates
shall be issued as IL provided IN the preceding
sections.
8. The holders of bonds of the State issued
by the restored government Of Virginia since
the creation Of the State of West Virginia
are hereby authorized 10 invest the interest
now due thereon, or which may become due
up 70 the lst Of January, 1857, In the same
manner ~ y hsssinbsgors provided, for the