 | Documentary History of the Construction of the Buildings at the University
of Virginia, 1817-1828 |  |
An Act Authorizing the Visitors
to Borrow Money to Finish the Buildings
An Act authorizing the Visitors of the University of Virginia to borrow money for finishing
the buildings thereof.
Be it enacted by the General Assembly, that the Visitors of the University of Virginia shall
be and they are hereby authorized, for the purpose of finishing the buildings thereof, to
borrow from any of the Banks of this Commonwealth, or from any other person, body
politic or corporate any sum of money not exceeding sixty 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 said University.
Provided that the aforesaid pledge shall not extend to the Commonwealth or beyond the
aforesaid annual appropriation of fifteen thousand dollars.
This act shall commence and be in force from and after the passing thereof.
Passed the House of Delegates & the Senate Feb: 24. 1820.
AD, in JCC's writing, ViU:TJ, 1p [1775] with TJ docket "Act for loan of 60,000. D." Joseph
Carrington Cabell enclosed this document in his letter to Jefferson of this date.
| Documentary History of the Construction of the Buildings at the University
of Virginia, 1817-1828 | |