Chap. 214.—An ACT to incorporate the Merchants and Mechanics Savings
a Bank of Richmond, Virginia.
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Passed February 18, 1867.

' 1. \Be it enacted by the general assembly of Virginia, That
Gustavus A. Myers, Michael Rosenbaum, Moses Milhiser,
Jacob Ezekiel, Lewis Bowman, Moses Mitteldorfer, William
Lovenstein, Edward Cohen and Bernard Becher shall be and
they are hereby constituted and made a body politic and cor-
porate, by the name and style of The Merchants and Mechan-
ics Savings Bank of Richmond, Virginia; and by this name
and style are hereby invested with all the rights, powers and
privileges conferred, and made subject to all the rules, regu-
lations 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 the said corporation shall not be
less than twenty-five thousand dollars, which may be increased
from time to time to a sum not exceeding two hundred and
fifty thousand dollars.

3. The said corporation 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 by the United States, and in bonds of
any incorporated company; to lend money upon personal or
real security; to receive the interest in advance; and to
guarantee the payment of notes, bonds, bills of exchange or
other evidences of debts: provided, however, that . nothing
in this act contained shall be construed to authorize said 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 passage, and be sub-
ject to amendment, alteration or modification, at the pleasure
of the general assembly.