Chap. 371.—An ACT to Incorporate the Bank of Tazewell.

Approved April 2, 1873.

1. Be it enacted by the general assembly of Virginia, That
William EK. Peery, Thomas J. Higginbotham, John F. Slaugh-
ter, Henry S. Bowen, George Gose, William M. Gillespie,
Charles Tiffany, Alexander F. Buchanan, George W. Spotts,
Blain B. Greever, Andrew J. May, Gratten Mustard, Edward
R. Thompson, Andrew J. Correll, Thomas A. Peery, William
P. Cecil, Joseph S. Moss, John H. Owens and William F.
Moore, 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 polititic and corporate, by the
name and style of the Bank of Tazewell, and by this name and
style are hereby invested with all the rights, powers and priv-
ileges conferred, and made subject to all the rules, regulations
and restrictions imposed by the Code of Virginia, applicable to
banks of deposit and discount of this state not inconsistent
with this act.

2. The capital stock of said corporation shall not be less
than five thousand dollars, which may be increased from time
to time to a sum not exceeding two hundred thousand dollars.

3. The seven first named in this act shail constitute the
board of directors thereof for the first twelve months, and un-
til their successors are elected by the stockholders.

4. No stockholder shall be eligible to an election as director
who shall not at the time, and for sixty days previous, be the
rightful owner of at least four shares of tke capital stock. The
annual meeting shall be provided in the by-laws. The board
of directors shall consist of seven, unless otherwise provided
by the by-laws.

5. The board shall regulate the admission of members. It
may receive money on deposit and grant certificates therefor,
and it may buy, sell and negotiate bullion, coin, bank notes,
foreign and domestic bills of exchange and other evidences of
debt; lend money upon personal and real security, and receive
the interest, in advance and guarantee the payment of notes,
bonds, bills, &c.

6. The par value of each share shall be fifty dollars.

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