Chap. 212.—An ACT to incorporate the Savings Bank of Scottsville.

e Passed February 18, 1867.

1. Beit enacted by the general assembly of Virginia, That
John O. Lewis, W. D. Davis, John T. Blair, John M. Page,
Charles E. Hoge, M. B. Harris, John 8S. Martin and James
C. Hill, together with such other persons as are now, or may
hereafter be associated with them, shall be and they are
hereby constituted and made a body politic and corporate,
by the name and style of The Savings Bank of. Scottsville;
and by this name and style are hereby invested with all the
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 incon-
sistent with the provisions of this‘ act.

2. The capital stock of said corporation shall not be less
than five thousand dollars, which may be increased from time
to time to asum not exceeding two hundred thousand dollars.

3. The said company 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, and in bonds of any incorporated company;
to lend money upon personal and real secur ity; to discoynt
bonds, notes and bills of exchange, and receive the interest
in advance; and to guarantee the payment of notes, bonds,
bills of exchange, or other evidence of debt: provided, how-
ever, that nothing in this act contained’shall be construed to
authorize said savings bank to take or charge, for the loan or
forbearance of money or other thing, more than the legal
rate of interest.

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

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