Code of Virginia - Title 23 Educational Institutions - Section 23-141 County subscriptions and individual donations

§ 23-141. County subscriptions and individual donations

It shall be lawful for the board of visitors of the Institute to accept the subscription of any county made under an act to authorize subscriptions in aid of the Institute, approved March 21, 1872, and also the donation of any individual, in aid of the purposes and objects of the Institute; and such donations and subscriptions, when made, shall be held by the board in trust for the benefit of the Institute, on condition that the same shall revert to the several donors of subscribers, pari passu, if at any time the Commonwealth should withdraw from the use of the Institute the interest accruing on the proceeds of the land scrip, as provided in § 23-136.

(Code 1919, § 867.)

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Last modified: April 16, 2009