Chap. 179.—An ACT to incorporate the Staunton Savings Bank.
Pagsed February 9, 1867.

1. Be it enacted by the general assembly of Virginia, That
Henry H. Peck, Joseph A. “Waddell, F. M. Young, Philip H.
Trout, J. M. Hardy, N. P. Catlett, J ames Bumgardner, Jr.,
If. 8S. Case, William B. McChesney and A. T. Gilkeson, to-
gether with such other persons as are now or may be asso-
ciated with them hereafter, shall be and they are hereby
constituted and made a body politic and corporate, by the
name and style of The Staunton Savings Bank; and by said
name and style are hereby invested with all rights, powers
and privileges conferred, and made subject to all the rules,
regulations and restrictions imposed by the Code of Virginia
applicable to savings banks, and not inconsistent with the
provisions of this act.

2. The capital stock of said savings bank shall be not less
than five thousand dollars, which may be increased, from time
to time, to a sum not exceeding one hundred thousand dol-
lars, in shares of twenty dollars each. —

3. Said bank shall have power and authority to invest its
capital stock or other funds in bank or other stocks, in the
purchase of bonds issued by this or any other state of the
United States, or bonds of any incorporated company; to
lend money upon personal or real security; to discount
bonds, notes and bills of exchange, and receive the interest
in advance; and to guarantee the payment of notes, bills of
exchange, drafts or other evidences of debt: provided that
nothing in this act contained shall be construed to authorize
said corporation to take or charge, for the loan or forbear-
ance of money or other thing, more than the legal rate of
interest: and provided farther, that said corporation shall be
subject to the provisions of the law relating to banks of
deposit.

4, This act shall be in force from its passage; and be sub-
ject to amendment, alteration or modification, at the pleasure
of the general assembly.