DONATIONS TO THE UNIVERSITY OF VIRGINIA.
Under an act of the Legislature, entitled "A bill to encourage donations to the
University of Virginia, and to constitute the State of Virginia the trustee thereof,"
"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, in sums not less
than one hundred dollars, which shall be invested in certificates of debt of the State
of Virginia, or of the United States, or any other State thereof, for the benefit of the
University of Virginia; and in such case the interest or dividend accruing on such stock,
certificates of debt or bonds, shall be paid to the Rector and Visitors of the University,
to be by them appropriated to the general purposes thereof, unless some particular
appropriation shall have been designated by the donor or testator as hereinafter
provided.—The State of Virginia is hereby constituted the trustee for the
safekeeping and due application of all funds which may be deposited in the treasury in
pursuance of this act."
The legal title of the University is—
"The Rector and Visitors of the University of Virginia."
