Chap. 108.—An ACT for the Relief of the Southwestern Bank of Virginia.

Approved March 6, 1871.

Whereas, it appears by the books of the commonwealth,
that on the twenty-first day of October, eighteen hundred and
sixty-five, there was to the credit of the Southwestern bank of
Virginia, at Wytheville, Virginia, one hundred and sixty-eight
thousand four hundred dollars of the public securities of this
state to the credit of the state treasurer, for the redemption
of the countersigned notes of said Southwestern bank; and
whereas, it appears, by the same authority, that on the thir-
tieth of January, eighteen hundred and seventy one, there re-
mained of said securities but twelve thousand one hundred
dollars applicable to the same purpose, that being also the
total amount of its countersigned notes outstanding at this
time, and the said bank is now, and has been for several years,
in a process of liquidation, with ample means to discharge all
its liabilities, including said balance of outstanding notes, a
large portion of which is supposed to have been lost or de-
stroyed during the late war; and whereas, it seems reasonable
to the general assembly that a period shall be fixed after which
it may be lawful for the said Southwestern bank to divide its
remaining assets among its stockholders: therefore,

1. Be it enacted by the general assembly, That upon the
passage of this act, it shall be lawful for the Southwestern
bank, by advertisement, to be published in one or more news-
papers in the town of Wytheville, and in the cities of Lynch-
burg and Richmond, for the period of six months, to require
the holders of all its notes to present the same for redemption,
at par, at the office of said bank in Wytheville; and at the expi-
ration of six months after due publication as aforesaid, all of
its said countersigned notes which shall not be presented, are
hereby declared barred by lapse of time, and the obligation of
said bank and its stockholders to redeem the same is hereby
declared extinguished and released.

2. That at the expiration of said period of six months, after
due advertisement, the treasurer of this state be and he is
hereby authorized and required, whenever satisfactory evidence
has been produced that the notice by publication, as required
by tke preceding section of this act, has been fully complied
with, to transfer and deliver to said bank, or its legal repre-
sentatives, all the public securities of this state remaining in
his hands which were deposited by the said Southwestern
bank; and thereupon the state shall be and it is hereby de-
clared to be released and discharged from all liabilities as trus-
tees for the note-holders of the said countersigned notes of
the said Southwestern bank as provided by the charter thereof,
passed the eleventh day of May, eighteen hundred and fifty-
two, entitled an act to incorporate the Bank of Wytheville.

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