University of Virginia Library

1836-7.

Then, in the acts of 1836-37, we find Chapter 11, entitled, "an
act to provide for the payment out of the annuity of the university,
in the hands of the president and directors of the literary fund, of
a loan made by Mrs. Martha Randolph to the University under
authority of an act altering the stated meetings of the visitors of
the university, and for other purposes." Passed March 25, 1837.
It follows:

"1. Be it enacted by the general assembly, That the sum of one
thousand one hundred and eighty-six dollars and twenty cents shall
be, and the same is hereby directed to be annually set apart and reserved
by the president and directors of the literary fund, out of
the annual appropriation of fifteen thousand dollars to the University
of Virginia, from the said fund, to be applied, upon the
warrants of the second auditor, to the payment, as it becomes due,
of the annual interest on the stock issued by the rector and visitors
of the said university, under authority of "an act altering the stated
meetings of the visitors of the university, and for other purposes",
passed March 7th., 1827, for the sum of $19,770.00, in the name
of Mrs. Martha Randolph; and the said annuity is hereby pledged
for the final redemption of the said stock.

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2. This act shall be in force from the passing thereof." Acts
1836-7, p. 13.