Chap. 3.—An ACT to incorporate the Citizens’ Savings Bank of Petersburg.

- P&ssed December 8, 1866.

. e

1. Be it enacted by the general assembly of Virginia, That
D. A. Weisiger, J. Herbert Claiborne, R. C. Osborne, D. B.
Dugger, J. B. Ege, J. Wilcox Brown, Fred. R. Scott, W.
R. Mallory, W. L. Watkins, R. D. McIlwaine, O. E llyson, J.
F. McIlwaine, R. A. Young, Joseph Todd and J. P. Wil-
liamson, together with such other persons as are gow 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’ Citizens’ Savings Bank of Pe-
ersburg; and by this name and style,‘are hereby invested
with all the rights, powers and privileges conferred, and made
abject to all the rules, regulations and restrictions imposed
»y the Code of Virginia, applicable to savings banks, and not
nconsistent with the provisions of this act.

2. The capital: stock of said corporation shall not be less
han twenty thousand dollars, which may be increased from
ime to time to a sum not exceeding five hundred thousand
lollars.

3. The said company-shall have power and authority to
avest its capital stock or other’ funds In bank or other
tocks, in the purchase of bonds issued by this or any other
tate of the United States, and in bonds of any incorporated
ompany; 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 modification, at the pleasure
of the general assembly.

a