Chap. 320.—An ACT to incorporate the Bank of the State of Virginia.
Passed February 24, 1S66.

1. Be it enacted by the veneral assembly, That William
B. Isaacs, William Garland Taylor, John C. Williams, John
Enders, John B. Davis and Daniel J. Hartsook, together
with 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 of The
Bank of the State of Virginia, in the city of Richmond; the
capital stock of which shall not be less than one hundred
thousand dollars nor more than one million dollars, in shares
of one hundred dollars each; and the same shall commence
business when fifty thousand shall have been paid in.

2. The three persons first named in this act of incorpo-
ration, shall constitute the first board of directors thereof.
They shall continue in office for one year from the organiza-
tion 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 fer less than five dollars; and it may buy, sell and
negotiate 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 Bank of the State of
Virginia; and by this name and style, the stockholders 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.

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

\
Chap. 320.—An ACT to incorporate the Bank of the State of Virginia.
Passed February 24, 1S66.

1. Be it enacted by the veneral assembly, That William
B. Isaacs, William Garland Taylor, John C. Williams, John
Enders, John B. Davis and Daniel J. Hartsook, together
with 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 of The
Bank of the State of Virginia, in the city of Richmond; the
capital stock of which shall not be less than one hundred
thousand dollars nor more than one million dollars, in shares
of one hundred dollars each; and the same shall commence
business when fifty thousand shall have been paid in.

2. The three persons first named in this act of incorpo-
ration, shall constitute the first board of directors thereof.
They shall continue in office for one year from the organiza-
tion 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 fer less than five dollars; and it may buy, sell and
negotiate 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 Bank of the State of
Virginia; and by this name and style, the stockholders 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.

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

\