Chap. 453.—An ACT to provide for taxation of shares of stock issued by banks
located in towns.

Approved February 23, 1898.

1. Be it enacted by the general assembly of Virginia, That each town
in which any bank, either national or state, is located, may tax all the
shares of stock issued by such bank so located within its limits at the
same rate as is assessed upon other moneyed capital in the hands of
individuals.

2. That in taxing said shares the said town authorities shall follow
the mode of assessment and manner of collection prescribed by statute
for the collection of state taxes upon said shares.

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