Chap. 446.—An ACT to incorporate the Bank of Goodson.

Approved March 15, 1884.

1. Be it enacted by the general assembly of Virginia, That

W. W. James, W. D. Jones, I. C. Fowler, R. A. Ayers and J.

R. Dickey, 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 the Bank of Goodson, and by this name and style
are hereby invested with all the rights and privileges con-
ferred on banks of deposit and discount of the state by chapter
fifty-nine of the Code, and not inconsistent with the provi-
sions of this act.

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

3. Nostockholder shall be elizible to an election as a direc-
tor, who shall not at the time be the absolute owner, in his
own right of at least four shares of the capital stock.

4, The board shall regulate the admission of members. It
may receive moncy on deposit and grant certificates therefor,
and it may buy, sell and negotiate bullion, coin, bank notes,
foreign and domestic bills of exchange, lend money on per-
sonal or real security, and receive the interest in advance,
and guarantee the payment of notes, bonds, bills of exchange.
or other evidences of debt.

5. This act shall be in force from its passage.