Chap. 32.—An ACT to amend section 8 of an act entitled an act to
incorporate the Richmond Perpetual Building, Loan and Trust Com-
pany,

Approved March 31, 1879.

1. Be it enacted by the general assembly, That section eight
of the act entitled an act to incorporate the Richmond Per-
petual Building, Loan, and Trust company, approved March
thirty. eighteen hundred and seventy-five, be amended and re-
enacted so as to read as follows:

$8. It shall be the duty of the board of directors, prior to
the expiration of each succeeding half-year, to appoint from
the stockholders three competent persons to investigate the
affairs of this corporation and make a report thereof, which
report shall be recorded in a book kept for that purpose, and
to be at all times open for the inspection of stockholders. The
board of directors shall, prior to the expiration of each such
half-year, declare such dividend of the profits as shall have
been made during the six months about to expire upon the un-
redeemed shares—the dividends upon fully paid up shares to
be paid in cash, and upon sbares not paid up in fall, te be pro-
rata passed to the credit of the holders thereof: provided
that at the expiration of a year the newly elected board of
directors shall have power to declare such dividend if the old
board of directors shall have neglected or failed to declare it.

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