Chap. 145.—An ACT to incorporate The Staunton River Savings Bank,
: in Pittsylvania County.

Approved March 8, 1875.

1. Be it enacted by the general assembly of Virginia,
That John L. Hart, Samuel M. Stone, Charles H. Lynch,
John R. Whitehead, Thomas C. Creasy, William W. Moses,
and William EK. Jobns, 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 corpo-
rate by the name and style of The Staunton River 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 Virgihia, applicable to savings banks and not
inconsistent with the provisions of this act.

2. The capital stock of the said corporation shall nof be
Jess than four thousand dollars, which may be increased from
time to time to a sum not exceeding one 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 com-
pany; to lend money on personal or real estate security; to
discount notes, bonds, and bills of exchange, and receive the
interest in advance; to guarantee the payment of notes,
bonds, bills of exchange, or other evidences of debt, and to
charge for such guarantee or negotiation such rate of pre-
mium as shall be agreed on.
4. The par v&lue of each share of stock shall be twenty-
five dollars, and no person shall serve as a director or other
-officer who at the time shall not, in his own right, have at
least ten shares of stock.

5. The directors may frame suitable by-laws, not incon-
sistent with this act, for the government of the bank; which
by-laws may be ratified, altered or amended by the stock-
holders in general meeting.

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