CHAP. 69.—An ACT toamend sections 2, 3, 5, 11 and 15 of an ae
to incorporate the Virginia safe deposit and fidelity company
approved March 4, 1890.

Approved January 19, 1892.

1. Be it enacted by the general assembly of Virginia
That sections two, three, five, eleven and fifteen of an act
to incorporate the Virginia safe deposit and fidelity com-
pany, approved March fourth, eighteen hundred and
ninety, be amended and re-enacted so as to read as follows:

§ 2. The capital stock of said company shall not be
less than five hundred thousand dollars, nor more than
two million of dollars, to be divided into shares of one
hundred dollars each; and when not less than the mini-
mum amount of stock has been subscribed, the stock-
holders may elect a president, vice-president, and a secre-
tary and treasurer, and not less than seven directors in
addition to the president and vice-president, who shall be
ex-officio directors of such company, which officers shall
serve for one year, and thereafter until their successors
are elected; and the directors so elected shall have power
to prescribe the rules and regulations for the government
of affairs of said company, not inconsistent with this act,
and they may, from time to time, amend the same. Such
rules and regulations shall be printed, and, together with
this charter, shall be accessible at its place of business to
all persons doing business with the company.

§ 3. The capital stock of said company shall be invested
in bonds, notes or other evidences of debt, secured by
deed of trust or mortgage upon fee simple or leasehold
estate, or otherwise safely secured, or in securities or bonds
of the United States, or the bonds of the state of Virginia,
known as the Riddleberger bonds, or bonds of subsequent
issue of the state of Virginia, or the bonds of incorpora-
ted cities within this state, or in real estate, and the erec-
tion of suitable buildings thereon, in which to conduct
the business of the company, as in the discretion of the
directors shall seem best.

§ 5. That in all cases where an application may be
made to any court having jurisdiction to appoint a curator,
guardian of an infant, committee of an idiot or insane
person, administrator of any person dying testate or in-
testate, trustee or receiver, such court shall have power to
appoint said company as such curator, guardian, committee,
administrator, trustee or receiver, upon the like application
that any person might be so appointed; and it shall be
lawful for any person, by deed, will or other writing, to
appoint said company a trustee, executor, guardian, as-
signee, or receiver, and as such executor, guardian of an
infant, committee of an idiot or insane person, adminis-
trator, trustee, executor, assignee, or receiver of said com-
pany, may lawfully act, and as such shall be subject to all
the obligations and liabilities of natural persons acting
in like capacities.

§ 11. That the said company shall be, and is hereby,
authorized and empowered to insure the fidelity of persons
holding places of trust or responsibility, or of any cor-
poration, company, person or persons whatsoever; to en-
dorse for and to enter security, or become the security for
the faithful performance of any trust, duty, contract or
agreement; to go upon any bond for appeal, or to go upon
any injunction, attachment or other bond required by law
of any person, and in every such case the capital stock of
the said company shall be taken and considered as sufh-
cient security therefor: provided, on examination of the
officers and affairs of the said company, or otherwise, the
court shall be satisfied of the sufficiency of said company,
and its property and effects shall be liable as aforesaid;
and it shall be lawful for the said company to stipulate
and provide for indemnity, from the parties aforesaid for
whom it shall so become responsible, and to enforce any
bond, contract, agreement, pledge, or security made or
given for that purpose: provided, that this company shall
not be authorized by anything in this act contained to en-
dorse the bond or become security for the faithful perform-
ance of the duty of any public officer; but the said com-
pany may become surety on the bonds of fiduciaries.

§ 15. That the said company is authorized to make,
execute, and issue, in the transaction of its business, all
papers, receipts, certificates, vouchers, and contracts, which
shall bear the impression or stamp of the seal of the com-
pany, and shall be signed by the president or vice-presi-
dent, and countersigned by the secretary.

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