CHAP. 138.—An ACT to incorporate the Bank of Dublin.
Approved February 27, 1879.

1. Be it enacted by the general assembly, That G. S. Basker-
ville, John H. Cecil, Joseph Cloyd, Isaac Hudson, John D.
Noble, John T. Whaling, James H. Darst, John F. Baugh, and
William B. Cecil, together with such others as are now or may
hereafter be associated with them, shall be and they are hereby
constituted and made a body politic and corporate, by the name
and style of The Bank of Dublin; and by that name may sue
and be sued, plead and be impleaded, in all the courts of law
and equity in this state or elsewhere, and have perpetual suc-
cession; to have a common seal, the same to break, alter, or
renew at their pleasure; to cstablish and ordain such by-laws
and regulations as they may think wise and judicious, and
generally to do every act necessary to carry into effect this
corporation.

2. The capital stock of this bank shall not be less than ten
thousand dollars, nor more than one hundred thousand dollars,
to be divided into shares of twenty-five dollars each. The capi-
tal shall be payable by each subscriber at such times and in
such proportions as may be called for by the president and
directors ; and if any such subscriber shall fail to pay the same
so called for, upon each and every share so held, within twenty
days after the same has been so called for, then the amount so
called for may be recovered by motion, upon twenty days’ no-
tice ut writing, in any court of record in the county of Pulaski
and state of Virginia, or in the county or corporation of the
residence of the holder of such stock.

3. The funds of this bank may be invested in or lent on any
stock or real security, or be used in discounting bonds, bills,
notes, or other paper: provided, that the rate of interest shall
be such as may be lawful at the time of such transaction; but
the interest or discount in any such transaction may be de-
manded and paid in advance; and to purchase and guarantee
the payment of notes, bonds, bills of exchange, and other evi-
dences of debt; and the said bank shall have power and
authority to purchase or otherwise lawfully acquire such real
estate as may be necessary and proper for the successful con-
ducting of its business as a bank, and to purchase and sell any
estate, real or personal, in order to secure any debt or debts
that may be due for the purpose of promoting the object and
design of this corporation.

4, This bank shall have power and authority to receive
money on deposit and grant certificates therefor in accordance
with the conditions and provisions of the law of Virginia.

5. The officers of this bank shall consist of a president and
not less than five directors, of which the president shall be one,
to be elected annually by the stockholders, and a cashier, to be
elected by the board of directors, who shall hold his office at
the pleasure of the said board; and the said board of direc-
tors shall appoint such other officers and agents as to them
may seem necessary and proper to conduct their business. A
majority of the board of directors shall constitute a quorum
for the transaction of business.

6. The scale of voting at all meetings of the stockholders of
said bank shall be one vote for each share of stock held by
any stockholder.

7. The-president and directors shall have power to declare
such dividends of the profits of the bank as they may deem
proper: provided that no dividend shall be declared when, in
‘the opinion of the majority of the board, the capital stock
would be impaired thereby. ‘They shall also, at the endof any
year, make a report showing the conditon of the bank for the
current year.
8. The annual meetings of the stockholders of said bank
shall be held on the second Tuesday of January of each year :
provided that the said stockholders at any general meeting, or
the board of directors may, at any time, change the day for
said annual meeting; and the said board of directors may, at
any time, call a general meeting of the stockholders, and any
number of stockholders, not less than one-third of the whole
number of shares, may require the directors to call such meet-
ing, or on their refusal to do so, may themselves call such meet-
ing, in such case giving at least twenty days’ notice by publica-
tion in any newspaper published in the vicinity of the bank.
In the event of a failure from any cause to hold an annual
meeting, the board of directors shall continue in office until
they or their successors shall be elected.

J. The stockholders of this bank shall not be liable for any
loss or damage, or responsibility, other than the property they
have in the capital stock and funds of the bank to the amount
of shares held by them respectively, and any profits arISINg,
therefrom not divided.

10. This.act of incorporation shall become the charter of the
Bank of Dublin, whenever the same shall be adopted and ac-
cepted by the stockholders of the said bank, in any general or
special meeting called, as hereinbefore authorized, the vote on
the acceptance thereof to be recorded in the minutes of the
said bank.

11. This act shall be in force from its passage and approval,
and be subject to amendment, alteration or modification, at the
pleasure of the general assembly.