Chap. 619.-—An ACT to amend and re-enact section 10 (ten) of an act entitled an
act to incorporate the Scuthwest Virginia Trust Company, approved February
13, 1901, increasing the capital stock of said company.

Approved April 2, 1902.

1. Be it enacted by the general assembly of Virginia, That section ten
of an act entitled an act to incorporate the Southwest Virginia Trusi
Company, approved February thirtcenth, nineteen hundred and one, le
amended and re-enacted so as to read as follows:

§ 10. The capital stock of said company shall be not less than twenty-
five thousand dollars aad not more than one million dollars, to be divide!
into shares of one hundred dollars each, which stock may be issued in
such classes and with such terms or preference as the by-laws of the com-
pany may provide.

The officers of said corporation shall consist of president, vice-presi-
dent, and secretary and treasurer, which last two mentioned offices may
be filled by the same individual, and a board of directors, to consist of
not less than five nor more than eleven stockholders, of which the presi-
dent and vice-president shall be members; and as soon as the minimum
amount of stock provided for in this charter shall have been subseribed,
the incorporators herein narned, or a majority of them, shall be authorized
to call a meeting of the subscribers to the stock for the purpose of electing
a board of directors; and said board so elected shall remain in office unu!
the regular annual meeting of the company, which may be provided for
in the by-laws.

The said company shall have power to make and ordain such by-laws.
rules, and regulations as may be necessary, suitable, and convenient for
the successful prosecution of its business, providing therein for the man-
ner of electing its officers, the terms and mode of issuing its stock, the
conveyance of “real estate, and the terms upon which loans shall be made
and the manner in which the funds of the company shall be invested, and
in general such by-laws, rules, and regulations for the operation of the
company as are not inconsistent with the laws of the State or the United
States.
The principal office of said company shall be located at Roanoke, Vir-
ginia, but the company shall have the right to establish branch offices in
any county or city in this State.

All taxes due by said corporation shall be paid in money, and not in
coupons.

CJ

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