Chap. 521.—An ACT toamend charter granted “ Citizens exehange bank’? by
the judge of the circuit court of the city of Richmond, Va.. January 13. 180s,
and to give said bank also the powers of a trust, guarantee and safe deposit
company.

Approved February 28, 1898.

1. Be it enacted by the general assembly of Virginia, That the charter
granted to the Citizens exchange bank, Richmond, Virginia, by the
judge of the circuit court of the city of Richmond, Virginia, in vaca-
tion, January thirteenth, eighteen hundred and ninety-eight, be
amended so as to read as follows:

§1. That W. M. Habliston, T. L. Alfriend, John Addison, W. O.
Nolting, R. L. Williams, R. G. Rennolds, Warner Moore, J. H. Capers,
J. W. Rothert and B. Ran Wellford, together with such other persons
as they may hereafter associate with them, shall be, and they are
hereby, constituted a body politic and corporate, by the name and style
of Citizens exchange bank, and by this name and style are hereby in-
vested with all the rights and privileges conferred on banks of deposit
and discount of this state by chapter forty-eight of the code of Virginia
of eighteen hundred and eighty-seven, and acts amendatory thereof and
other acts relating to banks, trusts, guarantee and safe deposit companies.

§ 2. The chief office of the bank shall be in the city of Richmond,
Virginia.

§ 3. The capital stock of the said corporation shall not be less than
one. hundred thousand dollars, divided into shares of the par value of
twenty-five dollars each. The said corporation may increase its capital
stock at any time or times that it may deem proper by a vote of its
stockholders to a sum not exceeding five hundred thousand dollars.

§ 4. The persons named above as incorporators shall constitute the first
board of directors; they shall continue in office until their successors
ure elected and qualified. The board of directors shall consist of ten
members, but the number thereof may be changed at any time by the
stockholders at any general meeting. The date of the annual meeting
of on stockholders shall be fixed by the by-laws of the corporation.

§ 5. The said corporation shall have all the powers of banking corpo-
rations heretofore or hereaiter granted to such corporations by the laws
of Virginia. In addition thereto the said corporation shall have the
right to receive and keep on deposit all such valuables, gold, silver or
paper money, bullion, precious metals, jewels, plate, certificates of stock
or evidences of indebtedness, deeds or muniments of title or other valua-
ble papers of any kind, or any other article or thing whatsoever that
may be left or deposited with them for safe-keeping, and to charge such
commissions or other compensation therefor as may be agreed upon or
may be proper, and generally to transact and perform any and all busi-
ness relating to such deposit and safe-keeping or preservation of all such
articles or valuables as may be deposited with them as aforesaid; and
for the above purposes to have made in the vaults of the said bank
spaces, drawers, or boxes, to be under lock and key, for rental to persons
or corporations paying for them, and to whom the key of the spaces,
drawers or boxes shall be given until their contract or rental shall have
expired. And for the purposes of this and other sections of this act the
said corporation may purchase such real estate in the city of Richmond
as it may consider proper for its purposes and to erect thereon such
buildings as it may consider advisable, and to deal with and to lease out
such portion of said buildings as may not be necessary for its purposes
on such terms as it may deem proper.

S$ 6. The said corporation shall also have power to accept the appoint-
ment and discharge the duties of executor, administrator, curator,
guardian, committee, receiver, trustee or assignee; to take and accept by
vrant, assignment, transfer, devise or bequest, and hold any real or per-
sonal estate on any and all such trusts as are allowed by the Jaws of this
state in the case of a natural person, and to execute all such trusts in
regard to the same on such terms as may be declared, established or
agreed upon in regard thereto; to act as agent for the purpose of issuing.
registering or countersigning the certificates of stock, bonds or other
evidences of debt of any corporation, association, municipality, state or
public authority, on such terms as may be agreed upon; to accept and
execute trusts for married women in respect to their separate estate,
whether real or personal, and to act as agent for them in respect to their
management thereof, and generally to accept and execute trusts of any
kind or description that may be committed to them with their assent by
any person or persons whomsoever, or by any co-partnership, body cor-
porate or public, or by any court, whether of this or any other state, or
by any court of the United States.

§7. To guarantee the titles to property, real or personal, the punctual
performance of contracts, the payment and collection of promissory
notes, bills of exchange, bonds and other evidences of debt, deeds of
trust, mortgages, accounts, claims, rents and annuities.

§ 8. In all cases when applications shall be made to any court of this
state for the appointment of any receiver, trustee, executor, curator,
administrator, assignee, special commissioner, guardian of any minor, or
committee of any lunatic or insane person, it may be lawful for such
court, if it shall think fit, to appoint the Citizens exchange bank, with
its assent, such receiver, trustee, executor, curator, administrator,
assignee, special commissioner, guardian, or committee, and the accounts
of such corporation, in such judiciary capacity, shall be regularly settled
and adjusted as if it were a natural person, and upon such settlement or
adjustment all proper, legal, and customary charges, costs, and expenses
shall be allowed to such corporation for its services and management in
the premises, and the said corporation, as such receiver, trustee, exec-
utor, curator, administrator, assignee, special commissioner, guardian, or
committee, shall be subject to all orders or decrees made by the proper
tribunal under the laws of this state: provided, that any oath required
by law to be taken for qualification to any of the offices or trusts above
mentioned may be taken by any officer of said company, and the oath
prescribed by law may beso modified as to apply to corporations instead
of individuals. When any court shall appoint the said corporation as
receiver, trustee, curator, administrator, assignee, special commissioner,
guardian, or committee, or shall allow its qualification as executor, or
shall order the deposit of money or other valuables of anv kind with
said company, the capital stock shall be taken and considered as the
security required by law for the faithful performance of its duties : pro-
vided the said court shall not deem it necessary to require further
security. The chancery court of the city of Richmond, or any other
court in this state, wherein said corporation shall offer to qualify as any
kind of fiduciary, if it deem it necessary at the time of qualification or
afterwards, may examine the officials or employees of this corporation,
or such of them as it sees fit, on oath or affirmation, as to the security
accorded to those by or for whom this corporation shall have become
responsible as aforesaid, and the expense of such investigation shall be
defrayed by said corporation.

§ 9. That the said company is authorized to make, execute, issue and
deliver, in the conduct of its business, all papers, powers of attorney,
receipts, certificates, vouchers, bonds, notes and other contracts and
writings, by and through any officer or agent of the company having
authority to act under regulations adopted by the board of directors.

§ 10. Any receiver, trustee, executor, curator, administrator, assignee,
special commissioner, guardian, committee or other person or corpora-
tion having control of any bonds, stocks, securities, moneys or other
valuables belonging to others shall be, and he is hereby, authorized to
deposit the same for safe-keeping or on deposit in the ordinary and
usual way with said corporation.

§ 11. The board of directors of this corporation shall have power to
adopt such rules, regulations and by-laws for the management and
government of this corporation as it may deem advisable and not con-
trary to law or this charter.

§ 12. All the taxes due the state of Virginia by this corporation shall
be paid in lawful money of the United States, and not in coupons:
provided, that nothing contained in this act shall be construed as ex-
empting the company doing business hereunder from the operation of
the tax laws of the state for such cases made and provided, and the
stockholders thereof shall not be personally liable for any debt or
default of this corporation beyond their respective unpaid subscriptions
to the stock.
2. This act shall be in foree from its passage.