Chap. 70.—An ACT to Incorporate the Bank of Warren.

In force February 7, 1872.

1. Be it enacted by the general assembly of Virginia, That
Marcus B. Buck, James R. Richards, Col. Isaac N. King, Geo.
A. Macatee, James D. Maddox, Milton T. Frestoe, John D.
Weaver, Giles Cook, Thomas N. Ashly, James E. Lent and S.
Ss Turner, together with such other persons as are now or may
hereafter be associated with them, shall be, and they are here-
by, constituted and made a body politic and corporate, by the
name and style of the Bank of Warren, and by this name and
style are hereby invested with all the rights, powers and _privi-
leges 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 the provisions of
this act.

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 two hundred thousand dollars.

3. 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 of the
United States, and in bonds of any incorporated company; to
Jend money on personal or real security; to discount bonds,
notes and bills of exchange, and receive the interest in ad-
vance; to guarantee the payment of notes, bonds, bills of
exchange, or other evidences of debt, and to charge for such
puarantee or negotiation such rate of premium as shall be
xeTreed on: provided, however, that nothing in this act shall
2uthorize said Bank of Warren to take for the loan or forbear-
since of money, more rate of interest than now allowed by law.

4. The directors may frame suitable by-laws, not inconsistent
vith this act, for the government of the bank, which by-laws
nay be ratified, altered or amended by the stockholders in
reneral meeting.

5. The par value of each share of stock shall be fifty dollars,
nd no person shall serve as a director or other officer, who at
1e time shall not, in his own right, have at least ten sharcs of
ock.

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