DONATIONS TO THE UNIVERSITY OF VIRGINIA.
Under an act of the Legislature, "any person may deposit in the treasury of this
State, or bequeath money, stock, or public bonds of any kind, to be so deposited, or
grant, devise, or bequeath property, real or personal, to be sold, and the proceeds to
be so deposited . . . . for the benefit of the University of Virginia. . . . . The State
of Virginia is hereby constituted the trustee for the safe-keeping and due application of
all funds which may be deposited in the treasury in pursuance of this act."
The Society of Alumni is also authorized to hold funds for the benefit of the University.
