Chap. 155.—An ACT to Incorporate the Newmarket Bank of Virginia.

In force March 12, 1872.

1. Be it enacted by the general assembly of Virginia, That
C. C. Henkle, J. D. Williamson, Joseph B. Strayer, Samuel
Grim, David F. Kagey, P. B. Moffat, G. R. Calvert, Jacob
Neff, B. H. Benton, Eugene Rice, Martin Urner, William M.
Sivert, Walter N. Newman, Abram Neff, together with such
other persons as 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 Newmarket Bank
of Virginia, and by this name they are hereby invested with
all the rights, powers and privileges conferred, and made sub-
ject to all the rules, regulations and restrictions imposed by
the general laws of the state appertaining to such corporations:
provided, however, that the members of said savings bank shall
have power to appoint their own directory at their first meet-
ing under this act, but that all elections thereafter to be made
shall be in conformity with the provisions of the act passed
March twenty-fourth, eighteen hundred and thirty-eight: and
provided, also, that the said bank shall not have less than five
nor more than nine directors.

2. And be it further enacted, That every note made payable
and negotiable at the office of discount and deposit of this
bank shall be and is hereby placed on the same footing as
notes negotiable and payable at other banks chartered by the
state, so that the like remedy may be had for the recovery
thereof against the parties thereto, or either of them.

3. And be it further enacted, That the minimum capital stock
of said bank shall be five thousand dollars (to be divided into
shares of twenty-five dollars each), which may from time to
time be increased to any amount not exceeding two hundred
thousand dollars: provided, that nothing herein contained shal]
be construed as authorizing said bank to charge or receive for
the loan or forbearance of money, or for other thing, more
than the legal rate of interest.

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