Chap. 66.—An ACT to incorporate the Mutual Banking Company of
Richmond.

a

Passed April 22, 18C7.

1. Be it enacted by the general assembly, That Isaac H.
Carrington, Robert A. Lancaster, Thomas W. McCance, B.
k. McAlpine, R. F. Williams, R. H. Meade, Charles Bruce,
William T. Walker and William H. Hall, or such majority of
them as may organize under this act, with such others as they
may associate with them, are hereby created and declared ‘to
bea body politic and corporate, by the name and style of
The Mutual Banking Company of Richmond; and by that
name may sue and be sued, plead and be impleaded, in all
courts in this state and elsewhere, and have perpetual succes-
sion; to make and use a common. seal, which they may alter
or renew at their pleasure; to establish by-laws and regula-
tions, and to do all things necessary and proper to promote
the purposes of the corporation : provided that nothing be
done inconsistent with the laws of this. state or of the United
States. \

2. The said company shall have powerto borrow and lend
money; to discount, buy, sell. draw or negotiate bills, notes
or other paper, and to receive in advance the interest on such
transactions; to guarantee the psyment of notes, bills or
other evidences of debt; to sell or buy on commission real
or personal estate; and to have and hold, sell and convey,
rel and personal estate necessary for the purposes of its
business or for securing any indebtedness to the company:
provided that nothing herein contained shall authorize the

taking or receiving of more than the legal rate of interest
lor the loan or forbearance of money or other thing.

The capital stock shall be not Jess than fifty “thousand
doll lara, Which may from time to time be imercased by the
company to an amount not exceeding one million of dollars,
and shall be divided into shares of one hundred dollars each.

The princip: al office of the ‘company shall be kept in
Rico in the state of Virginia.

In all meetings of the stockholders, each share of stock
represented shall be entitled to one vote.

b. This act shall be in force from its passage, and shall be
subject to alteration or amendment, at the pleasure of the
feneral assembly.