Chap. 298.—An ACT to amend and re-enact the 10th section of the act
entitled an act to incorporate the Lynchburg Fire, Life and Marine In-
surance Company.

Passed February 26, 1866.

1. Be it enacted by the general assembly, That the tenth
section of the act entitled an act to incorporate the Lynch-
burg fire, life and marine insurance company, passed January
twenty-fifth, eighteen hundred and sixty, be amended and re-
enacted so as to read as follows: * ;

Ҥ 10. To make insurance on lives; to insure against acci-
dents; to grant annuities; to guarantee the payment of notes,
bonds and bills of exchange; and to make all kinds of con-
tracts for the insurance of every description of property; to
receive money on deposit, €nd to pay interest thereon, as may
be advantageous to the stockholders; to provide for the in-
vestment of funds of the company, in such manner as may
be deemed most beneficial, and to invest the same in any
stocks of any kind, or loans, or otherwise, as may be judged
best for the interest of the company: provided always, that
nothing herein shall be construed to authorize the said com-
pany to issue and put into circulation any note in the nature
of a bank note, or to own more land than is necessary for
an office building.” |

2. This act shall be in force from its passage. _|

Chap. 298.—An ACT to amend and re-enact the 10th section of the act
entitled an act to incorporate the Lynchburg Fire, Life and Marine In-
surance Company.

Passed February 26, 1866.

1. Be it enacted by the general assembly, That the tenth
section of the act entitled an act to incorporate the Lynch-
burg fire, life and marine insurance company, passed January
twenty-fifth, eighteen hundred and sixty, be amended and re-
enacted so as to read as follows: * ;

Ҥ 10. To make insurance on lives; to insure against acci-
dents; to grant annuities; to guarantee the payment of notes,
bonds and bills of exchange; and to make all kinds of con-
tracts for the insurance of every description of property; to
receive money on deposit, €nd to pay interest thereon, as may
be advantageous to the stockholders; to provide for the in-
vestment of funds of the company, in such manner as may
be deemed most beneficial, and to invest the same in any
stocks of any kind, or loans, or otherwise, as may be judged
best for the interest of the company: provided always, that
nothing herein shall be construed to authorize the said com-
pany to issue and put into circulation any note in the nature
of a bank note, or to own more land than is necessary for
an office building.” |

2. This act shall be in force from its passage. _|