Chap. 169.—An ACT to incorporate the Bar.k of Buchanan.
Approved February 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
Charles L. Wilson, Henry Felix, J.J.Zimmerman, J. William
Boyd, John W. Johnston, M. R. Rogers, T. M. Mollick, E.
F. Snead, R. C. Noffsinger, William Booze, E. N. Wood,
Henry E. Boyd, William T. Patton, and William Jol-
liffe, together with such others as are now or may here-
after be associated with them, shall be and they are hereby
constituted and made a body politic and corporate, by the
name and style of the Bank of Buchanan, and by that name
may sue and be sued, plead and be impleaded, in all the
courts of law and equity in this state and elsewhere, and
have perpetual succession and a common seal, which they
may alter at pleasure. They shall establish such by-laws
and regulations as they may think wise and judicious, and
generally do every act necessary to carry into effect this act
of incorporation.

2. The capital stock of this bank shall not be less than five
thousand dollars, nor more than one hundred thousand dol-
lars, to be divided into shares of twenty-five dollars each.
The capital shall be payable by each subscriber at such
times and in such proportions as may be called for by the
president and directors; and if any such subscriber shall fail
to pay the same so called for, upon each and every share so
held, within twenty days after the same has been so called
for, then the amount so called for, may be recovered, by
motion, upon twenty days’ notice in writing, in any court
of record in the county of Botetourt, state of Virginia, or
in the county or corporation of the residence of the holder
of such stock.

3. The funds of this bank may be invested in or lent on
any stock or real security, or be used in discounting bonds,
bills, notes, or other paper: provided that the rate of interest
shall be such as may be lawful at the time of such transac-
tion: and provided further, that the interest or discount in
any such transaction may be demanded and paid in advance;
and to purchase and guarantee the payment of notes, bonds,
bills of exchange, and other evidences of debt; and the said
bank shall have power and authority to purchase or other-
wise lawfully acquire such real estate as may be necessary
and proper for the successful conducting of its business as a
bank, and to purchase and sell any estate, real or personal,
in order to secure any debtor debts that may be due for the
purpose of promoting the object and design of this corpora-
tion.

4. This bank shall have power and authority to receive
money on deposit and grant certificates therefor in accord-
ance with the conditions and provisions of the law of Vir-

inia.

: 5. The officers of this bank shall consist of a president
and not less than five directors, of which the president shall
be one, to be elected annually by the stockholders, and a
a cashier, to be elected by the board of directors, who shall
hold his office at the pleasure of the said board; and the said
board of directors shall appoint such other officers and
agents as to them may seem necessary and proper to conduct
their business. A majority of the board of directors shall
constitute a quorum for the transaction of business.

6. The scale of voting at all meetings of the stockholders
of said bank shall be one vote for each share of stock held
by any stockholder.

7. the president and directors shall have power to declare
such dividends of the profits of the bank as they may deem
proper: provided that no dividend shall be declared when,
in the opinion of the majority of the board, the capital
stock would be impaired thereby. They shall also, at the
end of any year, make a report showing the condition of the
bank for the current year.

8. The annual meetings of the stockholders of said bank
shall be held on the second Tuesday in May of each year:
provided that the said stockholders at any general meeting,
or the board of directors may, at any time, change the day
for said annual meeting, and the said board of directors
may, at any time, call a general meeting of the stockholders,
and any number of stockholders, not less than one-third of
the whole number of shares, may require the directors to
call such meeting, or, on their refusal to do so, may them-
selves call such meeting, in such case giving at least twenty
days’ notice bY publication in any newspaper published in
the vicinity of the bank. In the event of a failure from any
cause to hold an annual meeting, the board of directors shall
continue in office until they or their successors shall be
elected.

9. The stockholders of this bank shall not be liable forany
loss or damage, or responsibility, other than the property
they have in the capital stock and funds of the bank and
unpaid subscription to stock, to the amount of shares held
by them respectively, and any profits arising therefrom not
divided.

10. This act of incorporation shall become the charter of the
Bank of Buchanan whenever the same shall be adopted and
accepted by the stockholders of the said bank, in any gene-
ral or special meeting, called as hereinbefore authorized, the
vote on the acceptance thereof to be recorded in the minutes
of the said bank.

11. This act shall be in force from its passage, and be sub-
ject to amendment, alteration, or modification, at the pleasure
of the general assembly.

Chap. 169.—An ACT to incorporate the Bar.k of Buchanan.
Approved February 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
Charles L. Wilson, Henry Felix, J.J.Zimmerman, J. William
Boyd, John W. Johnston, M. R. Rogers, T. M. Mollick, E.
F. Snead, R. C. Noffsinger, William Booze, E. N. Wood,
Henry E. Boyd, William T. Patton, and William Jol-
liffe, together with such others as are now or may here-
after be associated with them, shall be and they are hereby
constituted and made a body politic and corporate, by the
name and style of the Bank of Buchanan, and by that name
may sue and be sued, plead and be impleaded, in all the
courts of law and equity in this state and elsewhere, and
have perpetual succession and a common seal, which they
may alter at pleasure. They shall establish such by-laws
and regulations as they may think wise and judicious, and
generally do every act necessary to carry into effect this act
of incorporation.

2. The capital stock of this bank shall not be less than five
thousand dollars, nor more than one hundred thousand dol-
lars, to be divided into shares of twenty-five dollars each.
The capital shall be payable by each subscriber at such
times and in such proportions as may be called for by the
president and directors; and if any such subscriber shall fail
to pay the same so called for, upon each and every share so
held, within twenty days after the same has been so called
for, then the amount so called for, may be recovered, by
motion, upon twenty days’ notice in writing, in any court
of record in the county of Botetourt, state of Virginia, or
in the county or corporation of the residence of the holder
of such stock.

3. The funds of this bank may be invested in or lent on
any stock or real security, or be used in discounting bonds,
bills, notes, or other paper: provided that the rate of interest
shall be such as may be lawful at the time of such transac-
tion: and provided further, that the interest or discount in
any such transaction may be demanded and paid in advance;
and to purchase and guarantee the payment of notes, bonds,
bills of exchange, and other evidences of debt; and the said
bank shall have power and authority to purchase or other-
wise lawfully acquire such real estate as may be necessary
and proper for the successful conducting of its business as a
bank, and to purchase and sell any estate, real or personal,
in order to secure any debtor debts that may be due for the
purpose of promoting the object and design of this corpora-
tion.

4. This bank shall have power and authority to receive
money on deposit and grant certificates therefor in accord-
ance with the conditions and provisions of the law of Vir-

inia.

: 5. The officers of this bank shall consist of a president
and not less than five directors, of which the president shall
be one, to be elected annually by the stockholders, and a
a cashier, to be elected by the board of directors, who shall
hold his office at the pleasure of the said board; and the said
board of directors shall appoint such other officers and
agents as to them may seem necessary and proper to conduct
their business. A majority of the board of directors shall
constitute a quorum for the transaction of business.

6. The scale of voting at all meetings of the stockholders
of said bank shall be one vote for each share of stock held
by any stockholder.

7. the president and directors shall have power to declare
such dividends of the profits of the bank as they may deem
proper: provided that no dividend shall be declared when,
in the opinion of the majority of the board, the capital
stock would be impaired thereby. They shall also, at the
end of any year, make a report showing the condition of the
bank for the current year.

8. The annual meetings of the stockholders of said bank
shall be held on the second Tuesday in May of each year:
provided that the said stockholders at any general meeting,
or the board of directors may, at any time, change the day
for said annual meeting, and the said board of directors
may, at any time, call a general meeting of the stockholders,
and any number of stockholders, not less than one-third of
the whole number of shares, may require the directors to
call such meeting, or, on their refusal to do so, may them-
selves call such meeting, in such case giving at least twenty
days’ notice bY publication in any newspaper published in
the vicinity of the bank. In the event of a failure from any
cause to hold an annual meeting, the board of directors shall
continue in office until they or their successors shall be
elected.

9. The stockholders of this bank shall not be liable forany
loss or damage, or responsibility, other than the property
they have in the capital stock and funds of the bank and
unpaid subscription to stock, to the amount of shares held
by them respectively, and any profits arising therefrom not
divided.

10. This act of incorporation shall become the charter of the
Bank of Buchanan whenever the same shall be adopted and
accepted by the stockholders of the said bank, in any gene-
ral or special meeting, called as hereinbefore authorized, the
vote on the acceptance thereof to be recorded in the minutes
of the said bank.

11. This act shall be in force from its passage, and be sub-
ject to amendment, alteration, or modification, at the pleasure
of the general assembly.