Chap. 76.—An ACT to amend section 4, of Chapter 59, of the Code of
Virginia, (edition of 1860), in relation to Banks merely of Deposit and
Discount.

° Passed January’ 16, 1867.

1. Be it enacted by the general assembly, That the fourth
section of chapter fifty-nine of the Code of Virginia, (edition
of eighteen hundred and sixty), be amended and re-enacted
so as to read as follows:

Ҥ 4. The board shall regulate the admission of members
and furnish proof of their admission. It may receive money
on deposit and grant certificates therefor ; a no such cer-
tificate shall be for less than one dollar; and it may buy, sell,
draw or negotiate bills of exchange. The board may,also
make by-laws and regulations for managing the property of
the institution, conducting its business and paying its ex-
penses, subject always to the power of the members, in
general meeting, to repeal or modify such by-laws and. regu-
lations and make others.”

2. This act shall be in force from its passage.

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