Chap. 150.—An ACT to Incorporate St. Patrick's Beneficial Society of
Lynchburg, Va.

In force March 9, 1872.

1. Be it enacted by the general assembly of Virginia, That
Nicholas Smith, M. O. Merea, William S. McNamara, Thomas
Smith, James McGowan, and James Gorman, and such other
persons as may associate with them, be and are hereby declared
a body politic and corporate, by the name and style of St.
Patrick's Beneficial Society of Lynchburg, and as such shall
have perpetual succession and a common seal, may sue and be
sued, contract and be contracted with, and make by-laws and
resulations not inconsistent with the laws of this state or of
the United States, and be subject to all general laws now exist-
ing, or which may be hereafter enacted, so far as applicable to
the same.

2. It shall be lawful for said society to have and hold, by
purchase or otherwise, real estate sufficient for the transaction
of its business, not exceeding twenty thousand dollars, and to
sell and assign the same.

3. Be it further enacted, That it shall be lawful for the said
St. Patrick's Beneficial Society to establish and conduct a
savings and loan business, with a capital stock of not less than
three thousand dollars, or more than two hundred and fifty
thousand dollars. Said stock shall be divided into shares of
ten dollars each, and in all meetings of the stockholders each
share of stock shall entitle the holder to one vote. The night
of franchise granted by this section shall vest as soon as three
thousand dollars of the stock is subscribed, and ten per cen-
tum is paid thereon to such agent as the society may appoint.
The principal office of the society shall be in Lynchburg, Vir-
grinia, and it may establish branch offices at such other points
within the limits of this state as its business may require.

4. The act shall be in force from its passage.