Chap. 302.—An ACT to amend the Charter of the Insurance Company of
the Valley of Virginia.

Passed January 20, 1866.

1. Be it enacted by the general assembly, That the eighth
section of the act passed March seventeenth, eighteen hun-
dred and fifty-one, entitled an act incorpor: ating the insurance
company of ‘the ¥ alley of Virginia, as amended by the acts
of March seventeenth, eighteen hundred and fifty-two, and
March second, eighteen hundred and fifty-three, be amended
and re-enacted so as to read as follows:

Ҥ. The president and directors of said company may
‘lawfully declare such dividends of the profits of said com-
pany as they may think proper, whenever the assets of said
company shall amount to the sum of two hundred thousand
dollars, but not so as to reduee the assets below that amount:
provided, that no dividend, exceeding six per centum per
annum, shall be declared, until the assets are Increased to
three hundred thousand dollars.”

2. This act shall be in force from its passage.
Chap. 302.—An ACT to amend the Charter of the Insurance Company of
the Valley of Virginia.

Passed January 20, 1866.

1. Be it enacted by the general assembly, That the eighth
section of the act passed March seventeenth, eighteen hun-
dred and fifty-one, entitled an act incorpor: ating the insurance
company of ‘the ¥ alley of Virginia, as amended by the acts
of March seventeenth, eighteen hundred and fifty-two, and
March second, eighteen hundred and fifty-three, be amended
and re-enacted so as to read as follows:

Ҥ. The president and directors of said company may
‘lawfully declare such dividends of the profits of said com-
pany as they may think proper, whenever the assets of said
company shall amount to the sum of two hundred thousand
dollars, but not so as to reduee the assets below that amount:
provided, that no dividend, exceeding six per centum per
annum, shall be declared, until the assets are Increased to
three hundred thousand dollars.”

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