Chap. 171.—An ACT to Incorporate the Middleburg Savings Bank.

Approved March 22, 1871.

1. Be it enacted by the general assembly, That B. P. No-
land, B. F. Carter, Charles A. Smith, V. Dabney, Isaac D.
Budd, R. W. N. Noland, George W. Adams, William H. Ben-
ton, A. G. Smith, Frank L. Fred, and James Priest, together
with such other persons as are now or may hereafter be asso-
ciated with them, shall be and they are hereby constituted and
made a body politic and corporate, by the name and style of
The Middleburg 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 this act.

2. The capital of said corporation shall not be less than five
thousand dollars, which may be increased from time to time,
to a sum not exceeding one hundred thousand dollars, to be
divided into shares of twenty-five dollars each.

3. The said company shall have power and authority to
invest its capital stock, and other funds, in bank or other stocks,
in the purchase of bonds issued by this or any other state, or
of the United States, and in bonds of any incorporated com-
‘pany; to lend money upon personal or real security; to discount
notes, and bills of exchange, and receive the interest in ad-
vance; and to guarantee the payment of notes, bonds, bills of
exchange, or other evidences of debt: proyided, that. they
shall not charge for the loan or forbearance of money, or for
other thing, more than the rate of interest allowed by law.

4, The personal liability of any and every stockholder shall
not exceed the amount which may be due and unpaid to the
company upon the share or shares of stock.

d. The office of the company shall be in Middleburg, Lou-
doun county, Virginia.

6. This act shall be in force from its passage, and shall be
subject to amendment, alteration, or modification, at the plea-
sure of the general assembly.