Chap. 84.—An ACT to amend and reenact Section 57, as amended, of Chapter
507 of the Acts of Assembly of 1928, approved March 27, 1928, and known
as the Virginia Banking Act, relating to the appointment of officers, examin-
ers, and assistants. {S 182]

Approved March 3, 1948

Be it enacted by the General Assembly of Virginia:

1. That section fifty-seven, as amended, of chapter five hundred
even of the Acts of Assembly of nineteen hundred twenty-eight,
pproved March twenty-seven, nineteen hundred twenty-eight, and
known as the Virginia Banking Act, be amended and reenacted
as follows:

Section 57. Appointment of Officers, Examiners, and Assist-
ants.—The State Corporation Commission, for the purpose of
carrying out the provisions of this act, shall appoint such officers,
examiners, assistant examiners, clerks and stenographers, as in
its judgment may be necessary for the discharge of the several
duties imposed upon it by this act, provided that the persons ap-
pointed as such officers and as such examiners of banks shall be
citizens of this State, and the State Corporation Commission shall
fix the salaries of such officers, examiners, assistant examiners,
clerks and stenographers. Such officers, examiners and assistant
examiners, before entering upon the duties of their office, shall
take the necessary oath before the State Corporation Commission,
as prescribed by the Constitution of this State, and such officers,
examiners and assistants engaged in the examination of banks
shall give bond in the penalty of five thousand dollars, with surety
in some good solvent bonding company to be approved by the
State Corporation Commission conditioned for the faithful perfor-
mance of their duties, and the premiums on the said bonds shall
be paid out of the fund created by the next section.