Chap. 97.—An ACT to incorporate the Chatham Savings Bank. |

Passed January 24, 1867.

1. Beit enacted by the general assembly of Virginia, That
Richard White, William M. Treadway, Jamey: M. Whittle,
John L. Hurt, Charles Ragsdale, John Gilmer, Charles E.
Dabney, T. R. Shepherd, Henry M. Glenn, J. H. Hargrave,
L. Scruggs and R. W. Moses, together with such other per-
3ons 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 Chatham
Savings Bank, to be located at Chatham, Pittsylvania county ;
ind by this name and style are hereby invested with all the
igshts, powers and privileges conferred, and made subject to
I] the rules, regulations and restrictions imposed by the
Yode of Virginia, applicable to savings banks, and not incon-
istent with the provisions of this act.
2. The capital stock of the said corporation shall not be
less than two thousand dollars, which may be‘ increased from
time to time to a sum not exceeding fifty thousand dollars,
divided into shares of ten dollars each. |

3. The said company shall have power and authority to in-

vest its capital stock or other tunds 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 com-.
-pany; to lend money upon personal or real security; to dis-
count bonds, notes and bills of exchange, and receive the in-
terest in advance; and to guarantee the payment of notes,
bonds, bills of exchange, or other evidences of debt: pro-
vided, however, that nothing in this act-contained shall au-
thorize said savings bank to take 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.

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