Chap. 121.—An ACT to authorize the Virginia Savings Bank of
Lynchburg to establish a special sivings department

Approved February 27, 1879

1. Be it enacted by the general assembly of Virginia. That
the Virginia savings bank of Lynchburg be and it is hereby
authorized to establish a special savings department, under the
charge of trustees, to he elected by the directors. The trustees
so elected shall invest the amounts Ceposited in the special
savings department in bonds or stocks of the United States, or
the states thereof, or of corporations chartered by this state,
or on notes or bonds of parties in this state which are amply
secured, and shall distribute the earnings of said investments
among the depositors, according to their rights in the premises.
The trustees shall give such bond for the faithful performance
of their trusts as the hoard of directors shall require; and the
board of directors, In conjunction with said trustees, shall
adopt regulations to carry out the provisions of this act.

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