The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-03-14
USELESS PROPERTY.
THE LAW DIRECTING ITS SALE.

TO PROVIDE FOR THE SALE OF CERTAIN
LANDS IN THE TOWN OF BUCHANAN AND
CITY or RICHMOND.
l. BE II enacted by the General ASSEMBLY,
Of Virginia, That the Board of Public
Works be, and they are hereby, authorized
and instructed. having first given notice
10y advertisement In such newspaper or
newspapers published in the city OF Rich
mond and elsewhere rs they may deem
proper to secure an advantageous sale. TO
sell at public auction in the city OF Rich
mond. 10 the highest bidder. the follow
ing real estate, no longer required by the
Commonwealth for public use--viz.:
First. The Public warehouse situated IN
the town OF Buchanan, Botetourt county.
Second. The Public warehouse situated
in the city Of Richmond; said warehouse
LOT TO be sold In quarter acre lots or less
quantities, If desirable, or as whole the
sale that brings the highest price to be con-
firmed by the Circuit Court of Richmond
city: ProUlded, however, that the Circuit
Court shall not hereby he compelled TO
confirm any particular sale that is made,
unless the interest OF the State demands it.
Third. The lot OF land known as the
ArmOry- grounds. situated IN the city Of
Richmond.
Fourth. The lot OF Land known as the
Pententiary-Spring lot, il being a square
situated in the city OF Richmond, lying be-
tween Main and Cary and between Jeffer-
son and Madison streets: Provided. that
the right to use the spring upon said lot
shall he reserved to the Commonwealth.
and that the advertisement of the lot and
the decree of the court confirming the sale,
and the conveyance Of said lot, shall thor
Oughly guard the right OF access and use
of said spring TO the Commonwealth by
pipes or otherwise. Before proceeding TO sell
the spring lot the said Board is instructed.
having first secured the services OF com
petent surveyor, 10 determine and fix the
mode. way, and line of conducting the
water from the spring on said lot, reserved
TO the State rs aforesaid, and it being sug-
gested that the heirs of Virginia Il.
SOuthall claim title to one fifth Of q
certain lot (part OF said spring loD
situate at the corner Of Cary and jefferson
streets. fronting on the former 1872 feet and
running back on the latter 151 feet to an
alley "a feet wide, the Board is instructed
TO treat with the said heirs and all others,
il any. concerned therein, respecting the
same, and il practicable, on just and eqlli-
table terms to secure complete title thereto,
and report its proceedings to the Circuit
Court of the city Of Richmond for ap-
prOval or rejection, rs hereinafter pro-
vided and upon such approval the said
Board shall be instructed to sell the same
on the terms hereinafter provided, said
Penitentiary ,ot to be sold in quarter-acre
lots, or less quantities if desirable, or as a
whole. the sale that brings the largest price
TO be confirmed by the Circuit Court OF
Richmond city: ProUided, that the said
Circuit Court shall not he compelled to
confirm any particular sale unless the in
terest OF the state demands il.
Fifth. The lot of land known as Rope
Walk lot, described as Lot 1914 in the plat
Of the city OF Richmond.
9. The said lots OF land TO be sold sepl-
rately, and shall be sub-dividod for sale INTO
such parcels rs IN their judgment may pro-
duce the largest amount to the State. the
purchaser or purchasers to take the same,
with all the rights and subject to all the
charges in anywise appertaining thereto.
3. The terms Of sale TO be one third cash,
and the balance in the bonds OF the pur-
chaser, payable to said Board in equal
amounts at one, two, and three years from
day of sale, bearing interest at per centum
per annum, the purchasers respectively to
pay i'm hand in cash on the day OF sale 10
per cent. of their respective purchases, and
make settlement in full on confirmation OF
sale, as hereinafter provided; and in such
settlement to have the option Of paving the
whole amount IN cash should he or they
so elect. Failure on the part OF any OF the
purchasers to make such settlement for
ten davs after notice OF such confirmation
shall work forfeiture Of the 10per centum
paid in hand as above; the sum unpaid, how
ever, to be refunded in case the sale be set
aside, rs hereinafter provided.
4. As to all and singular the property
ana lots of land aforesaid, the sale is to be
subject 20 approval and confirmation by the
Circuit Court of the city OF Richmond, to
which court the Board is instructed and
required to make report OF its proceedings
hereunder, with account thereof, within
ten days after such sale; which report
shall lie for thirty days in the clerks office
of said court for exceptions thereto; and
thereupon the said court shall proceed IN
term-time or vacation, as may be convent
ent. TO consider the same and confirm or
SET aside such sale, in whole or in part,
as on considering the same may 10 the
said court appear proper. Ana In case OF
q sale being set aside by the court, OF OF
noncompliance by the purchaser, the sald
Board shall thereupon proceed 10 sell the
property again on the terms heremoeiore
set forth. And the said court Is hereDy
required TO take cognizance OF the carry
ing Of this act into effect, and OF such iur-
ther proceedings as to resale OF any part oi
said property as may be necessary.
8. As to the sales so approved or con-
firmed, the said Board shall execute the
same by transfer OF possession to the pur-
chaser or purchasers, and by conveyance
with general warranty on the part OF the
State upon payment OF the entire purchase
money.
&. The said Board is authorized, in car
rvinp the provisions OF this act into effect,
10 employ a common crier at compensa"
tion not to exceed 800.
: The said Board Is required and IN
strncted 30 make a report OF It's proceed
inr,s under this act to the General Assem-
bly,. ,oh,
dored are directed to be invested by the
soid Roard in bonds issued under the act
of February IA, 1882, at their market Vaiue'
10 be held TO meet the receipts Tor puDiic
building to be used as q library ana Tor
public offices. - A.. o,oro-
o. The purcbase-money OF all the aiore-
said property shall be payable only IN law
full money OF the United States, and not IN
coupons or bonds Of the state; ana tne
contracts of sale and bonds OF the pur-
chasers given for such purchaSe-money
shall so specify, and no title shall pass 10
said property until the whole purchase
money shall have been paid as provided IN
this section. , -.
10. This act shall take effect from It's
passage.
This bill was introduced in the Senate
by Mr.. Glasgow, and having been amend,
ed there and IN the House, was passed ana