University of Virginia Library

1826-7.

After two sessions of the General Assembly without legislation
affecting the University, we find Chapter 5 of acts 1826-7, passed
March 7, 1827, entitled, "an act altering the stated meetings of the
Visitors of the University, and for other purposes", at p. 9. It
follows:

"1. Be it enacted by the General Assembly, That the Visitors
of the University of Virginia be, and they are hereby authorized,
for the purpose of paying the debts of the said University (it had
attained the full dignity of capital letters again), to borrow from
the banks of this Commonwealth, or from any other person, body
politic or corporate, any sum of money not exceeding twenty-five
thousand dollars; at a rate of interest not exceeding six per centum
per annum, and to pledge for the payment of the interest, and redemption
of the principal of the money so borrowed, any part of the
annual appropriation of fifteen thousand dollars heretofore made
by law to the University, and any part of its other income which
has not been otherwise applied: Provided, That the aforesaid pledge
shall not in any manner bind the commonwealth.

2. Be it further enacted, That instead of the stated meetings
of the University on the first Mondays in April and October, as
heretofore prescribed by law, the stated meetings shall be held at
times not less than once in each year, as the Visitors shall from time
to time prescribe.

3. This act shall be in force from and after the passage thereof".

Acts 1826-7, p. 9. Also Chap. 35 of Supt. to Rev. Code
1819. p. 48.

Section 9 of Chapter 6, entitled, "an act concerning the Armory,
and for other purposes", passed March 8th, 1827, also relates to
the University. It follows:

"9. Be it further enacted, That the Executive be, and they (sic)
are hereby authorized to loan to any person who may be authorized
by the Visitors of the University of Virginia, to open a school of
military instruction at the University, a number of muskets not
exceeding one hundred: Provided, That said person shall give bond
and security for the preservation and return of the said arms, when
required by the Executive; the arms to be hereby loaned, to be of
the smallest calibre.

10. This act shall be in force from and after the passing thereof."
Acts 1826-7, p. 11. Also Chap. 36, Supt. to Rev. Code
1819. p. 48.