The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-18
TO REBUILD THE UNIVERSITY
Bills ApprOpriallns $4,000 introduced
In Both Houses.
MORE ELECTION BILLS APPEAR,
The Dividends 10 Accrue Prom the STATES
interest I'm the X. u. and T.. x. H., for
Nearly Sir Years Also Appropriated
la tho House-A 1911 Defining
Trusts Introduced Ina the
Senate.


House at the usual hour yesterday. and
Rev. +. S. suckney. rector Of Monunsn-
tai church. offered prayer
The speaker appointed the following
members OF the special joint committee
which IS 10 consider the best manner in
which TO reduce the criminal expenses:
hessrs Saunders Of Franklin. Parks OF
Page, Bryant Of Richmond. and McRae of
Petersburg
Leave of absence was granted TO the
following members Colonel Harwood. Of
Richmond. one day; Mr. Newbcrne. Of
Norfolk county. one day. Or. Winston, Of
Hanover. one day
a long but unintercsting discussion On
sued over Senate Bill No 80. TO refund
10 Darlington w Mosby certain taxes i'm
properly paid 20 the State The bill was
finally passed by a small majority.
The following House bills We're passed
yesterday
No. -. no amend and re-enact sections
! and of an act entitled IAN act 20 in
corporate the Chesapeake Bay and Great
Western Railway Company" approved
February 10 ls9i
No 90. no refund TO Darlington w.
Mosby certain taxes improperly paid TO
the State.
The following Senate bin was also
passed
no 70. To authorize The Board Of SUI
pervisOrs Of Grocncsvine county 10 issue
bonds in payment for a new hre-proof
clerks office and nrc-proof furniture for
Same
The following bills were introduced I'm
tfo House. and under suspension OF the
rules placed on the calendar.
1857 AIR. Harrison. of Powhatan A hin
g. incorporate the Powhatan Troop Assoc
citation.
8y AIR. Craig Of Rockbridge: 8 bin 10
amend and re-eract section IS Of am act
entitled An act 10 provide charter
Tor the city of Buena VISTA approved
February T. 1894
Hy Mr. Miller, Cf RappahaunoCk. a lil
II amend and re-enact section of an
act entitled AN act 90 improve fho main
fhoroughfare of Rappahannock county,"
approved February %, 1891
TO AID THE UNIVERSITY.
Mr. John W. Fshburne. Of Albcmarle
introduced three bills providing for the
restoration of the University of Virginia,
which were referred 10 the Finance Com
mittee. The first bin is entitled
"A bin defeating and appropriatiag 10
7he rector and visitors of the University
Of Virginia the dividends TO accrue from
the 5lth day of September 1895. 10 and
including the 3lst day of March, 1901. on
the stock and dividend obligations of the
Richmond Fredericksburg and Potomac
Railroad Company belonging 90 the State
OF Virginia and now held by the COM
missiontrs of the Sinking Fund"
The lill reads as follows.
Whereas the University OF Virginia has
suffered "a disastrous loss by fire which
has destroyed the rotunda and main
building and library thereof, which were
the property OF the State. and whereas
the restoration Of said building and d.
brary o. necessary TO the continuation ana
maintenance OF tiis long-establisned iu-
fututon as a part OF the system of public
tfee education of the State. therefore.
I. BE II enacted by che General Assem-
lily, That the dividends TO accrue from
HE 30th cay of September. 1895. 90 and
including th, aist day OF March 1901. ON
the stock and dividend obligations of the
Jdchmond. Fredericksburg and Potomac
Railroad Company. belonging 90 the state
oi Virginia and now held boy the Commits
sioners OF the Sinking Fund, shall be- and
the same is hereby. dedicated and apprO-
priated 10 the rector and visitors OF the /
University of Virginia. 10 Doe applied 10 /
The payment on fhe ANNUAL interest and /
Of the principal pro tantO and pro rata /
of the bonds authorized TO Zoe issued by /
said rector and visitors 10y an act enc /
Titled AN act 90 authorize the rector |
and visitors of the University of Virginia |
10 borrow money" approved the - day /
OF -. 1850
The Auditor of Public Accounts is here
ny authorized ana directed. on applca-
ton of said rector and visitors. or their I
duly authorized agents. to draw war
rants on the Treasurer of the Common
wealth in favor of said rector and visitors,
payable out of the dividends aforesaid.
for the amounts of interest semi-annually
accruing on the bonds issued by said
rector and visitors under the act last
above referred Go.
Ard The residue of said dividends shall
FROM dime 90 time. as received and as
soon As practicable Doe invested hy the
Board of Sinking Fund Commissioners in
the bonds of the Commonwealth. ccm-
monty known as century bonds. issued
under an act entitled An act 90 provide
for the settlement OF the public debt of
Virginia not funded under the provisions
Of an act entitled AN act 90 ascertain
and declare Nirgnia's equitable share of
the debt created before and actually eN-
listing al the time OF the partition of her
territory and resources. and 10 provide for
the issuance of bonds covering the same,
and the regular and prompt payment of
the interest iNtftnus approved lthiu- /
any m l~2 approved February 20. 1880
And said century bonds shall. as soon
as they may from time to time De pug-
chased Doe turned over hy the Board of
Sinking Fund Commissioners 90 the said
rector and visitors of the University Of
Virginia. or Co their duly authorized
AGENTS. The 4ais rector and visitors shall |
Invest the interest accruing from time 60
time ON said century bonds So turned over
10 them in other century bonds. and shall !
hold ali of said century bonds and the i'm |
.srest and coupons or the same iu trust
Tor the sole purpose. and no other Of
paving pro rata tine bonds authorized 90 ,
be- issued boy said rector and visitors under
he aforesaid act OF the day OF ----,
$40 }
And as soon after the 3lst day OF ,
March. 1901. as they may deem IL eXpedi-
.nt 10 do So. said rector and visitors shall I
cn the century bonds received and held
BIZ them under The provisions Of this act y
.nd shall apply Tie proceeds 10 the pay I
rent OF the bonds issued by said rector
.nd visitors under the aforesaid act Of ,
-, 1886. s
2>Any act authorizing and directing the q
aie Of the stock and dividend obligations I
4 the Richmond Fredericksburg and Po- v
omac Railroad Company owned by the 7
tate OF Virginia. and an other acts and s
arts Of acts In conflict with this act are
ereby repealed.
g. This act shall be in force from IFS
aI-4et