The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-03-20
THEIR LABORS OVER.
A FINE LEGISLATIVE RECORD.
Bonds To BE Bought on State Account-Sale
or Delinquent Lnnds-what Measures
Failed; What Passed.

ment,' adopted as an item in the appro-
| priation bill, aud now law
| 2. To pay the interest on the public debt
funded under the act approved February
IA, 1882. entitled an act TO ascertain
and declare Virginia's equitable share
OF the debt, &c, suihcient sum
for that purpose is hereby appropriated.
Q) IL shall be the duty OF the Commits
sioners OF the Sinking Fund to meet on the
first Monday in April, 1894, and on the
first Monday in every month thereafter,
and to determine at each OF such meetings
what, II any, can be spared from the Treas
ury after making ample allowance for all
the expenses Of the Government and OF the
public schools and for the payment OF IN
terest upon the 3 per centum bonds OF the
State issued under the act approved Feb
ruary IA, 1882. II il be determined by the
said commissioners that there is q surplus
! in the Treasury after making due allowance
as aforesaid for Government and school
expenses and interest upon said bonds so
issued, they shall forthwith certify to the
Treasurer Of the Commonwealth that such
sums, not exceeding 100000 in each month
as they may 40 determine, may be drawn
from the Treasury and invested as herein
provided The Treasurer being so noti-
| fed, shall, OIL or before the Goth day OF the
same month. place the said sum to the
credit OF the said commissioners.
~ The said commissioners shall imme-
diately after their meeting advertise in at
least one newspaper published in each OF
the cities OF Richmond and Baltimore,
daily for ten days, that they will receive
offers for sale of such amount OF the said
3 per cent. bonds as in their judgment the
sum placed to their credit will enable
! them to purchase, and that such offers may
be made up to and including the 10Th day
OF the current month. An such offers
shall be made in writing, shall be sealed,
and shall be opened by the commissioners,
or majority OF them, on the 10Th day OF
the month. at noon. in the presence OF the
! Governor OF the Commonwealth, or in the
event OF his absence, in the presence Of
the Secretary Of the Commonwealth.
Those which are offered at the lowest
prices shall be purchased by them to the
extent that the fund TO their credit will
enable them to purchase. II the 20th day
OF the month falls on Sunday or a legal
holiday, the said offers shall be opened on
the next day which is not legal holiday
provided, that the said commissioners may
invest the funds placed to their credit un-
der this act provided, however, that said
commissioners shall have authority to re-
iect any and all bids made in pursuance OF
this act.
A subsequent act requires that when
coupon bonds are purchased they shall he
converted into registered bonds.l
(3) All bonds purchased under this act
shall be listed on the minutes of the Board;
4
nomination Of each bond purchased in
each month, and when so listed shall be
delivered to the Treasurer, who shall label
and file the same in separate bundles in his
office for safe keeping. No bond shall be
purchased under this act unless all the ma
tured interest coupons shall be attached
thereto, and the bonds so purchased shall be
held as q security for the payment OF the
interest on the public debt of the State as it
shall or may have accrued when funded
under the act aforesaid, and the same may
be resold when necessary by the said COM
miSsioners, and the proceeds OF such re-
sale be so used whenever the finances OF
the State NAV so require: provided, that
said commissioners NAV in ther discretion,
from time to time, where money is re-
quired to pay the interest Of the debt afore-
said, borrow money upon temporary loans
for such purpose, and deposit such bonds
as they NAV have required under this act
as collateral security for such temporary
loan.
(4) For bonds so purchased, as well as eX-
penses incurred under this act, the said
commissioners shall, by special order en-
tered on the minutes OF their proceedings,
authorize the Second Auditor to issue his
warrant upon the Treasury to the persons
entitled thereto.
(j) The said commissioners shall keep an
accurate journal OF their proceedings and
proper books OF accounts, and shall make
a proper report of their transactions to each
session OF the General Assembly.
SOUTHWESTERN ASYLUM.
The following is Mr.. Newberry's bill,
now law:
Whereas the accommodations for lunatlcs
in the present asyums are insufficient; and
whereas it is desirable to locate an asylum
in that section OF the State known rs the
Southwest: therefore
/. BE IL enacted by the General Assembly
of Virginia, That Samuel II. Moflett, OF
Rockingham county; Richard ii. Cox, OF
King William county; Ferdinand Rorer,
of Roanoke county; Il. W. Nichols, OF
Lexington; Emory Burns, of Ports
mouth; Charles W. Statham, OF Lynch
burg: Thomas +. GOOde, of Mecklenburg:
and DR.. Harvey Black, Of Montgomery
county, be, and they are hereby, cOnSti-
tuted and appointed Board OF Commits
sioners for the purpose Of selecting a site
for another lunatic asylum, to be known as
the Southwestern Lunatic Asylum, for the
accommodation OF white lunatics, so that
such site shall be selected at some point in
this State west Of New river having refer
ence TO eligibility Of site, healthfulness OF
location, facility OF construction, and local
assistance: provided that the county or
corporation in which such site is selected
shall donate to the Commonwealth suffi-
cient lands or lots for the purpose OF
such asylum. A majority OF such Board
shall constitute board for the transaction
OF business. 1t shall be the duty OF the
said commissioners to meet at Central
depot, IN the county Of Montgomery, on
the 4th day OF June, 1884, or as soon there |
after as practicable; and they shall, after
having selected president and secretary
from among their own number, proceed
forthwith to execute the duty required OF
them by this act, and make report to the
Board OF Public Works. Ii shall be the
duty OF the secretary Of the Board OF Pub
lie Works at least four weeks before the
meeting OF said commissioners to give no
tice OF such meeting by publication in at
least one newspaper published in each Of
the counties interested, stating in SAID no.
tice the object OF such meeting. and calling
upon the properly.constituted authorities
Of any such county or corporation desiring
the location OF said asylum to indicate
what inducements they offer in order to
secure the location of the same. The ac-
tual and necessary travelling aud other in
cidental expenses OF the said commission
ers shall be paid out Of the sum hereinafter
appropriated.
. When the said commissioners shall