Chap. 311.—An ACT to incorporate the Commercial Savings. Bank of
Richmond.

Passed March 3, 1866.

1. Be it enacted by the general assembly, That John B.
Davis, R. D. James, N. M. Lee, N. B. ill, John A. Belvin,
L. W. Glazebrook, R. O.vHaskins, and such other persons as
they may hereafter associate with them, shall be and they are
hereby constituted and made a body politic and corporate,
by the name and style ofsThe Commercial Savings Bank of
Richmond; the capital stock of which shall not be less than
twenty-five thousand dollars nor more than five hundred
thousand dollars, in shares of one hundred dollars each; and
the same may commence business when the sum of twenty-
five thousand dollars shall have been paid in.

2. The three persons first named in this act of incorporation
shall constitute the first board of directors thereof. They
shall continue in office for one year from the organization of
the said bank, and until their successors in office shall be
elected. No stockholder shall be eligible to an election as
director who shall not at the time be the absolute owner, in
his own right, of at least fifty shares of the capital stock.
The annual meeting of the stockholders shall be provided
for in the by-laws. The board shall consist of not less than
three members, and as many more as the by-laws shall
provide.

3. The board shall regulate the admission of members.
It may receive money on deposit. and grant certificates there-
for, as may be provided in the by- laws; but no certificate
shall be for less than five dollars: and may buy, sell and
mortgace bullion, coin, bank notes, stocks, bonds, foreign and
domestic hills of exchange, and other securities. The pro-
perty of the institution and its business shall be under the
control of the directors.

4, The said bank shall be called The Commercial Savings
Bank of Richmond; and by this name and style, the atock-
holders thereof, and their successors, shall be a body politic,
and with all the rights, powers and privileges conferred on
banks of deposit and discount of this state, by chapter fifty-
nine of the Code of Virginia, except so far as they are
inconsistent with this act.

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

Chap. 311.—An ACT to incorporate the Commercial Savings. Bank of
Richmond.

Passed March 3, 1866.

1. Be it enacted by the general assembly, That John B.
Davis, R. D. James, N. M. Lee, N. B. ill, John A. Belvin,
L. W. Glazebrook, R. O.vHaskins, and such other persons as
they may hereafter associate with them, shall be and they are
hereby constituted and made a body politic and corporate,
by the name and style ofsThe Commercial Savings Bank of
Richmond; the capital stock of which shall not be less than
twenty-five thousand dollars nor more than five hundred
thousand dollars, in shares of one hundred dollars each; and
the same may commence business when the sum of twenty-
five thousand dollars shall have been paid in.

2. The three persons first named in this act of incorporation
shall constitute the first board of directors thereof. They
shall continue in office for one year from the organization of
the said bank, and until their successors in office shall be
elected. No stockholder shall be eligible to an election as
director who shall not at the time be the absolute owner, in
his own right, of at least fifty shares of the capital stock.
The annual meeting of the stockholders shall be provided
for in the by-laws. The board shall consist of not less than
three members, and as many more as the by-laws shall
provide.

3. The board shall regulate the admission of members.
It may receive money on deposit. and grant certificates there-
for, as may be provided in the by- laws; but no certificate
shall be for less than five dollars: and may buy, sell and
mortgace bullion, coin, bank notes, stocks, bonds, foreign and
domestic hills of exchange, and other securities. The pro-
perty of the institution and its business shall be under the
control of the directors.

4, The said bank shall be called The Commercial Savings
Bank of Richmond; and by this name and style, the atock-
holders thereof, and their successors, shall be a body politic,
and with all the rights, powers and privileges conferred on
banks of deposit and discount of this state, by chapter fifty-
nine of the Code of Virginia, except so far as they are
inconsistent with this act.

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