Chap. 22.—An ACT to incorporate the Giles County Savings Bank.
Passed March 18, 1867.

1. Be it enacted by the general assembly of Virginia, That
James D. Johnston, Daniel W. Mason, Reuben F. Watts,
Fontaine W. Mahood, Henry W. Broderick, John Anderson,
Mathew Aiken, David A. French, Jno. W. Easley, A. G.
Pendleton and George H. Peck, 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 Giles
County Savings Bank; and by this name and style are
hereby invested with all the rights, powers and 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 the provisions of
this act. -

2. The capital stock of the said corporation shall not be
less than twenty thousand dollars; which may be increased
from time to time to a sum not exceeding one hundred thou-
sand dollars, to be divided into shares ot twenty-five 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: pro-
vided, however, that nothing in, this act contained shall be
construed to authorize said savings bank to char ve or receive
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.