Chap. 118.—An ACT to Amend and Re-enact the first and fifth Sections
of an Act to Incorporate the Virginia International Wand, Loan and
Trust Company, approved March 23d, 1870, and to Change the Name of
said Company.

In force Febuary 26, 1872.

1. Beit enacted by the general assembly of Virginia, That the
first and fifth sections of the act to incorporate the Virginia
International Land, Loan and Trust Company, approved March
twenty-third, eighteen hundred and seventy, be amended and
re-enacted so as to read as follows:

§1. Therefore, beit enacted by the general assembly of Virginia,
That James McKaye, Walter S. Gurnee, Cyrus H. McCormick,
Horace Greeley, Christian Von Hesse, John P. Crosby, Thomas
S. Flournoy, Robert H. Maury, John D. Imboden, William
Lamb, and such other persons as they may associate with them,
be and they are hereby declared a body politic and coporate, by
the name and style of the Virginia Loan and Trust Company ;
and as such shall have perpetual succession and a common seal,
which it may renew or alter at pleasure, and may sue and be
sued, plead and be impleaded, contract and be contracted with,
and make ordinances, by-laws and regulations not inconsistent
with the provisions of this act or other laws of this state or of
the United States, for the government of its officers and agents
and the proper conduct of its affairs.

§ 5. This company shall have power to issue a preferred
stock to an amount not exeeeding twenty per cent. of its capi-
tal, on which it may guarantee dividends not exceeding twelve
per cent. per annum from the general profits of the company ;
but when the general profits exceed such guaranteed per cent.
per annum on the whole subscribed and paid up stock, the
holders of preferred and common stock shall share equally in
such profits ; the company may also issue bonds or other obli-
gations and borrow money at any time to an amount not ex-
ceeding fifty per cent. of its subscribed and paid up capital.

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