CODE OF VIRGINIA

(REPEALED EFFECTIVE OCTOBER 1, 2016) PAYMENT OF INTEREST ON BONDS OF STATE HELD
BY COLLEGES, ETC (§ 23-5)

The Comptroller is authorized and directed to draw upon the state treasury in
favor of the proper authorities of any incorporated college, institution, or
seminary of learning, or manual labor school, in this Commonwealth, for all
interest which has accrued, or may hereafter accrue, and as the same may fall
due, upon all obligations of the Commonwealth, or of the James River and Kanawha
Company, guaranteed by the Commonwealth, held by or for such college,
institution, or seminary of learning, or manual labor school, or to which they
were entitled, on the first day of January, 1882, so long as they may continue
to hold the same; provided, that no interest shall be paid upon any bonds, the
payment of which is forbidden by the Constitution.

HISTORY: Code 1919, § 990.