Chap. 435.—An ACT to amend section 2 of an act of the general assembly, in
force January 30, 1900, to incorporate the Century Banking and Safe Deposit
Company, and to permit said company to increase its board of directors from
five (5) to fifteen (15) members, and permitting the appointment of a
finance committee with certain powers.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That section
second of chapter two hundred and one of the acts of assembly of eigh-
teen hundred and ninety-nine, nineteen hundred, adopted January thir-
tieth, nineteen hundred, be, and the same is hereby, amended to read as
follows:

§ 2. The capital stock of said company shall not be less than fifty
thousand dollars nor more than one hundred thousand dollars, to be
divided into shares of one hundred dollars cach, and when not less than
the minimum amount of stock has been subscribed, the stockholders so
subscribing may elect a president and vice-president and secretary and
treasurer, which last two named offices may be held by the same indi-
vidual, and three directors, in addition to the president and vice-presi-
dent, who shall ex-officio be directors of the company, which officers shall
serve until the ensuing annual meeting of the company and until their
successors shall have been elected and have qualified. The stockholders
of said company, at any annual or special meeting, may increase the num-
ber of directors, not to exceed fifteen, of whom the president and vice-
president shall be of that number; and the board of directors of the com-
pany is hereby authorized to create a finance committee, not to exceed
five members of the board, and shall have authority to vest in said com-
mittee all the authority of the board of directors when said board is not
in session.

The board of directors shall have power to appoint and employ such
other officers, clerks, and agents as the business of said company may re-
quire, and the stockholders shall have the power to enact and adopt such
rules, regulations, and by-laws for the management of the company as
they may deem best, and which are not inconsistent with the provisions
of this charter nor with the general laws of this State.

2. This act shal] be in force from its passage.