Chap. 117.—An ACT to Tacorporate Franklin Bank, Rocky Mount,
lin County.

In force February 26, 1872.

1. Be it enacted by the general assembly of Virginia, That
George E. Dennis, James J. Carper, Davis Ayres, G. H. F.
Greer, Ro. A. Scott, J. C. Cabell, James L. English, Giles W.
B. Hale, together with such other persons as are now or here-
after may be associated with them or their successors, shall be
and they are hereby constituted and made a body politic and
corporate, by the name and style of Franklin Bank, and by
that name and style are hereby invested with all the owers
and privileges conferred, and made subject to all the restric-
tions imposed by the laws of the state applicable to banks of
discount and deposit now in force not inconsistent with this
act.

2. The capital stock of said bank shall not be less than two
thousand dollars divided into shares of ten dollars each, which
may be increased from time to time to an amount not exceed-
ing one hundred thousand dollars. - The said capital stock shall
be payable at such times and in such proportions as may be
designated by the board of directors.

3. The board of directors shall regulate the admission of
members, and the said bank shall have authority to receive
money on deposit and grant certificates therefor in sums of one
dollar and upwards, to invest its capital stock and other funds
in bank and other stocks or in bonds of the United States, state of
Virginia, and of any incorporated company ; to draw, buy and
sell foreign and domestic bills of exchange; to lend money
upon real or personal security; to purchase or discount bonds,
notes, bills of exchange and other evidences of debt, and to
receive the interest in advance, and to guaranty the payment
of notes, bonds, bills of exchange and other evidences of debt.
4. This act shall be in force from its passage.