Chap. 310.—An ACT to Amend and Re-enact an Act passed December
Nineteenth, Eighteen Hundred and Sixty-six, entitled an Act to Incorpo-
rate the Loudoun Savings Bank,

Approved July 11, 1870.

1. Be it enacted by the general assembly, That the act
passed December nineteenth, eighteen hundred and sixty-six,
entitled an act to incorporate the Loudoun Savings Bank, be
amended and re-enacted so as to read as follows:

“$1. That L. W.S. Hough, George R. Head, William B.
Lynch, Benjamin F. Taylor, Charles F. Fadely, Fenton M.
Henderson, Charles P. Janny, Benjamin F. Sheetz, E. F. Potts,
Edward G. Coufman, George W. F. Hummer, Fenton Farr,
John R. Smith, John G. Vial, James M. Walker, Peter T. Fry,
F. M. Myers, Wm. E. Ellison, and A. M. Warner, together with
such other persons as are now or may hereafter be associated
with them, shall be and they are hereby constituted and made
a body politic and corporate, by the name and style of The
Loudoun Savings Bank, and by this name and style are hereby
invested with all the rights, powers and privileges conferred,
and made subject to all the rules, regulations and restrictions
imposed by the Code of Virginia, applicable to savings banks,
and not inconsistent with this act. .

Ҥ 2. The capital stock of the said corporation shall not be
less than five thousand dollars, which may be increased from
time to time to a sum not exceeding fifty thousand dollars, to
be divided into shares of ten dollars each, to be paid in five
equal monthly intalments.

Ҥ 3. The said company shall have power and authority to
invest its capital stock, or other funds in bank, or other stocks,
in the purchase of bonds, issued by this or any other state, or
any township, or incorporated town in the county of Loudoun,
bonds of the United States, or of any incorporated company ;
to lend money upon personal or real security; to discount
bonds, notes, and bills of exchange, and to receive the interest
in advance, and to guarantee the payment of notes, bonds,
bills of exchange, or other evidences of debt.”

2. This act shall be in force from its passage, and be subject
to amendments, alterations, and modifications, at the pleasure
of the general assembly.