Chap. 27.—An ACT to incorporate the Loudoun Savings Bank.

Passed December 19, 1866.

i. Be it enacted by the general assembly of Virginia, That
George R. Head, William B. Lynch, L. W. 8S. Hough, James
Killgore, George W. Janney, Benjamin F. Taylor and Charles
}’. Fadley, 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 Loudoun Savings Bank; and by
this name and style are hereby invested with all the rights,
powers afid 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 this act.

2. The capital stock of. the said corporation shall not be
less than five thousand dollars, which may be increased from
time to time to a sum not exceeding fifty thousand dollars,
to be divided into shares of ten dollars each.

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 or real security; to
discount 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 evidences of debt.

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

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