Chap. 2.—An ACT to incorporate the Exchange and Deposit bank
of Abingdon, Virginia.

Approved December 21, 1883,

1. Be it enacted by the general assembly of Virginia. That
James C. Greenway, “William B. Aston, Samuel N. Honaker,
James L. White, T. P. Trigg, David C. Greenway, William .
Brown and G. V. Litchfield, together with such other persons
as they may hereafter associate with them, shall be and they
are hereby constituted a body politic and corporate by the
name and style of Exchange and Deposit bank of Abingdon,
Virginia, and by this name and style are hereby invested
with all the rights and privileges conferred on banks of
deposit and discount of this state, not inconsistent with this
act.

2. The capital stock of said corporation shall not be less
than fifty thousand dollars, in shares of one hundred dollars
each, which may be increased from time to time to a sum not
exceeding two hundred thousand dollars.

3. The first five named of this act shall constitute the
board of directors thereof for the first twelve months, and
until their successors are elected by the stockholders.

4, No stockholder shall be eligible to an election as a direc-
tor who shall not at the time, and for ninety days previous
thereto, be the owner in his own right of at least five shares
of stock.

5. The annual meeting shall be provided for in the by-laws.
The board of directors shall consist of fiv e, unless the by-laws
otherwise provide.

6. The board shall regulate the admission of its members,
The said corporation may receive money on deposit and
grant certificates therefor; may buy, sell, and negotiate
bullion, coin, bank-notes, foreign and domestic bills of
exchanee, and other evidences of debt, lend money upon
personal and real security, and receive the interest in advance,
guarantee the payments of notes, bills, bonds, and so forth.

7. This act shall be in force from its passave.